Document:

Form of Restricted Stock Unit Issuance Agreement of the Company

 Exhibit 10.1 
 GILEAD SCIENCES, INC. 
 RESTRICTED STOCK UNIT ISSUANCE AGREEMENT 
 RECITALS 
 A. The Board has adopted the Plan
for the purpose of providing incentives to attract, retain and motivate eligible Employees, Directors and Consultants who provide services to the Corporation (or any Related Entity). 
 B. Participant is to render valuable services to the Corporation (or a Related Entity), and this Agreement is executed pursuant to, and is intended to
carry out the purposes of, the Plan in connection with the Corporation’s issuance of shares of Common Stock to Participant thereunder. 
 C. All capitalized terms in this Agreement shall have the meaning assigned to them in the attached Appendix A. 
 NOW,
THEREFORE, the Corporation hereby awards Restricted Stock Units to Participant upon the following terms and conditions: 
 1. Grant
of Restricted Stock Units. The Corporation hereby awards to Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the vesting date of
that unit. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and
conditions governing the award (the “Award”) shall be as set forth in this Agreement. 
 AWARD SUMMARY 
  

			
	Participant:	  	_____________________________________
		
	Award Date:	  	______________________, 200___
		
	Number of Shares
Subject to Award:	  	______________ shares of Common Stock (the “Shares”)
		
	Vesting Schedule:	  	The vesting of the Shares shall be tied to the attainment of the Performance Objectives set forth in attached Schedule I and the Participant’s Continuous Service through the Completion
Date of each Performance Objective. The Performance Objectives shall be equally weighted in that the number of Shares allocated to each Performance Objective shall be determined by dividing the total number of such Shares by the number of
Performance Objectives, and the number of Shares so allocated to each Performance Objective shall be designated the “Pro-Rated Shares.”

			
		  	 Participant shall, within fifteen (15) days after the attainment of each Performance Objective at threshold level or above, notify the
Administrator of the Completion Date of that Performance Objective. Within forty-five (45) days after receipt of such notice, the Administrator shall, in its sole discretion, determine and certify the extent to which that Performance Objective has
in fact been attained. On the basis of that determination, the Administrator shall designate and certify the portion (from 0 to 100%) of the Pro-Rated Shares allotted to that Performance Objective in which Participant shall then vest;
provided, however that Participant shall not vest in any portion of those Pro-Rated Shares unless Participant remained in Continuous Service through the Completion Date for that Performance Objective.
  
 Should the Administrator determine that the minimum threshold level for one or more Performance
Objectives has not been attained prior to the latest Completion Dates for those Performance Objectives, then Participant shall not vest in any of the Pro-Rated Shares allotted to those Performance Objectives, and this Award shall be cancelled with
respect to the Restricted Stock Units covering those Pro-Rated Shares.
  
 One or more
Shares may also vest accordance with the special vesting provisions of Paragraph 3 or 5 of this Agreement, whether or not the Performance Objectives allotted to those Shares are attained.

		
	Issuance Schedule	  	Each allotment of Pro-Rated Shares in which Participant vests in accordance with the foregoing Vesting Schedule or pursuant to the special vesting provisions of Paragraph 3 or 5 of this
Agreement shall be issued on the date that Pro-Rated Share allotment so vests or as soon thereafter as administratively practicable, but in no event later than the later of (i) the close of the calendar year in which that Pro-Rated Share allotment
vests or (ii) the fifteenth day of the third calendar month following such vesting date (the “Issuance Date”). The Corporation shall collect the applicable Withholding Taxes with respect to the issued Shares pursuant to the procedures set
forth in Paragraph 7 of this Agreement.

 2. Limited Transferability. Prior to the actual issuance of the Shares which vest
hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any
acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Shares which vest hereunder but otherwise remain unissued at the time of Participant’s death may be transferred pursuant to
the provisions of Participant’s will or the laws of inheritance or to Participant’s designated beneficiary or beneficiaries of this Award. Participant may also direct the Corporation to record the ownership of any Shares which in fact vest
and become issuable hereunder in the name of a revocable living trust established for the exclusive benefit of Participant or Participant and his or her spouse. Participant may make such a beneficiary designation or ownership directive at any time
by filing the appropriate form with the Plan Administrator or its designee. 
  

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 3. Continuous Service Requirement. 
 (a) Should Participant’s Continuous Service terminate for any reason other than death or Permanent Disability prior to the latest
Completion Dates for one or more Performance Objectives, then the Award shall be immediately cancelled with respect to the Pro-Rated Shares allocated to those Performance Objectives, and the number of Restricted Stock Units will be reduced
accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units. 
 (b) Should Participant’s Continuous Service terminate by reason of death or Permanent Disability prior to the latest Completion Dates for one or more Performance Objectives, then Participant shall vest in a portion of the Pro-Rated
Shares allotted to each of those particular Performance Objectives. The portion of Pro-Rated Shares in which Participant shall vest with respect to each such Performance Objective shall be determined by multiplying the number of those Pro-Rated
Shares by a fraction, the numerator of which is the number of months (rounded to the next whole month) in which Participant remained in Continuous Service following the Award Date, and the denominator of which is the number of months (rounded to the
closest whole number) in the period beginning with the Award Date and ending with the latest Completion Date for that particular Performance Objective. 
 4. Stockholder Rights and Dividend Equivalents 
 (a) The holder of this Award
shall not have any stockholder rights, including voting, dividend or liquidation rights, with respect to the Shares subject to the Award until Participant becomes the record holder of those Shares following their actual issuance after the
Corporation’s collection of the applicable Withholding Taxes. 
 (b) Notwithstanding the foregoing, should any dividend
or other distribution, whether regular or extraordinary and whether payable in cash, securities (other than Common Stock) or other property, be declared and paid on the outstanding Common Stock while one or more Shares remain subject to this Award
(i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for Participant and credited with a phantom dividend equivalent to the actual
dividend or distribution which would have been paid on the Shares at the time subject to this Award had they been issued and outstanding and entitled to that dividend or distribution. As one or more Shares subsequently vest hereunder upon the
satisfaction of the applicable vesting requirements, the phantom dividend equivalents credited to those particular Shares in the book account shall vest and be distributed to Participant (in the same form the actual dividend or distribution was paid
to the holders of the Common Stock entitled to that dividend or distribution or in such other form as the Administrator deems appropriate under the circumstances) concurrently with the issuance of those vested Shares. However, such distribution
shall be 

  

 3 

 
subject to the Corporation’s collection of the Withholding Taxes applicable to that distribution. Should Participant cease Continuous Service prior to
vesting in one or more Shares, then the phantom dividend equivalents credited to those Shares shall be cancelled, and Participant shall thereupon cease to have any further right or entitlement to those cancelled amounts. 
 5. Change of Control. 
 (a) To the extent (i) a Change in Control is consummated prior to the latest Completion Dates for one or more Performance Objectives and (ii) Participant remains in Continuous Service through the effective date of that Change in
Control, then the Pro-Rata Shares allotted to each of those particular Performance Objectives shall immediately vest at the time of such Change in Control and shall be issued immediately on the effective date of such Change in Control or as soon as
administratively practicable thereafter, but in no event more than fifteen (15) business days after such effective date, or will otherwise be converted into the right to receive the same consideration per share of Common Stock payable to the
other stockholders of the Corporation in consummation of the Change in Control and distributed at the same time as such stockholder payments, but in no event shall such distribution to Participant be completed later than the later of
(i) the end of the calendar year in which such Change in Control is effected or (ii) the fifteenth (15th) day of the third (3rd) calendar month following the effective date of that Change in Control. Each issuance or distribution
made under this Paragraph 5 shall be subject to the Corporation’s collection of the applicable Withholding Taxes. 
 (b)
This Agreement shall not in any way affect the right of the Corporation to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its
business or assets. 
 6. Adjustment in Shares. Should any change be made to the Common Stock by reason of any stock split,
stock dividend, recapitalization, combination of shares, exchange of shares, spin-off transaction or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of consideration, or should the value of the
outstanding shares of Common Stock be substantially reduced as a result of a spin-off transaction or an extraordinary dividend or distribution, or should there occur any merger, consolidation or other reorganization, then equitable and proportional
adjustments shall be made by the Administrator to the total number and/or class of securities issuable pursuant to this Award in order to reflect such change and thereby prevent a dilution or enlargement of benefits hereunder. In making such
equitable and proportional adjustments, the Administrator shall take into account any amounts to be credited to Participant’s book account under Paragraph 4(b) in connection with the transaction, and the determination of the Administrator shall
be final, binding and conclusive. In the event of a Change in Control, the provisions of Paragraph 5 shall be controlling. 
  

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 7. Issuance of Shares of Common Stock. 
 (a) The Corporation shall, on the applicable Issuance Date, issue to or on behalf of Participant a certificate (which may be in electronic
form) for the shares of Common Stock in which Participant vests pursuant to the Vesting Schedule set forth in Paragraph 1 or the special vesting provisions of Paragraph 3 or 5 and shall concurrently distribute to the Participant any phantom dividend
equivalents with respect to those Shares. 
 (b) Except as otherwise provided in Paragraph 3(b) or 5(a), no shares of Common
Stock shall be issued prior to the Completion Date of the Performance Objective to which those shares are allotted. 
 (c) The
Corporation shall collect the Withholding Taxes with respect to each distribution of phantom dividend equivalents by withholding a portion of that distribution equal to the amount of the applicable Withholding Taxes, with the cash portion of the
distribution to be the first portion so withheld. 
 ALTERNATIVE FOR SECTION 16 OFFICERS 
 (d) Unless Participant (i) otherwise makes satisfactory arrangements with the Corporation’s Human Resources Department, not
later than forty-five (45) days prior to the applicable vesting date of the shares which become issuable hereunder, to pay the applicable Withholding Taxes through the delivery of a check payable to the Corporation in the amount of such
Withholding Taxes and (ii) in fact delivers such check to the Corporation not later than that vesting date, the Corporation shall collect the applicable Withholding Taxes through the following automatic share withholding method: 
  

	 	•	 	 On the applicable Issuance Date, the Corporation shall withhold, from the vested shares otherwise issuable to Participant at that time, a portion of those shares
with a Fair Market Value (measured as of the issuance date) equal to the applicable Withholding Taxes; provided, however, that the number of shares which the Corporation shall be required to so withhold shall not exceed in Fair Market Value the
amount necessary to satisfy the Corporation’s required tax withholding obligations using the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to supplemental taxable income.

 ALTERNATIVE FOR NON-SECTION 16 OFFICERS 
 (d) Participant must make appropriate arrangements with the Corporation’s Human Resources Department, not later than forty-five
(45) days prior to the applicable vesting date of the shares which become issuable hereunder, to satisfy the applicable Withholding Taxes through either of the following methods of payment: 
 (i) the delivery of a check payable to the Corporation in the amount of such Withholding Taxes 
  

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 (ii) the next-day sale of the issued shares through a Corporation-designated brokerage
firm, to the extent necessary to cover the applicable Withholding Taxes, with instructions to such brokerage firm to remit the resulting sale proceeds directly to the Corporation in satisfaction of such Withholding Taxes. However, such sale to cover
transaction may only be effected if (A) such a sale is permissible under the Corporation’s insider trading policies governing the sale of Common Stock, (B) the Participant makes an irrevocable commitment, at least sixty (60) days
prior the applicable vesting date for those shares, to effect such sale of the shares and (C) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Sarbanes-Oxley Act of 2002. 
 If a sale to cover transaction cannot be effected in accordance with the foregoing requirements or if Participant does not otherwise pay
the applicable Withholding Taxes on or before the vesting date, then on the applicable Issuance Date, the Corporation shall withhold, from the vested shares otherwise issuable to Participant at that time, a portion of those shares with a Fair Market
Value (measured as of the issuance date) equal to the applicable Withholding Taxes; provided, however, that the number of shares which the Corporation shall be required to so withhold shall not exceed in Fair Market Value the amount
necessary to satisfy the Corporation’s required tax withholding obligations using the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to supplemental taxable income

 (e) Except as otherwise provided in Paragraph 5 or this Paragraph 7, the settlement of all restricted stock units which
vest under the Award shall be made solely in shares of Common Stock. In no event, however, shall any fractional shares be issued. Accordingly, the total number of shares of Common Stock to be issued at the time the Award vests shall, to the extent
necessary, be rounded down to the next whole share in order to avoid the issuance of a fractional share. 
 8. Deferred Issue
Date. Notwithstanding any provision to the contrary in this Agreement, to the extent this Award may be deemed to create a deferred compensation arrangement under Code Section 409A, then the following limitations shall apply: 

 

	 	•	 	 No Shares or other amounts which become issuable under this Agreement by reason of Participant’s cessation of Continuous Service shall actually be issued to
Participant until the date of Participant’s Separation from Service or as soon thereafter as administratively practicable, but in no event later than the later of (i) the close of the calendar year in which such Separation
from Service occurs or (ii) the fifteenth day of the third calendar month following the date of such Separation from Service. 

  

	 	•	 	 No Shares or other amounts which become issuable under this Agreement by reason of Participant’s cessation of Continuous Service shall actually be issued to a
Participant prior to the earlier of (i) the expiration of the six (6)-month period measured from the date of his or her Separation from 

  

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Service or (ii) the date of his or her death, if the Participant is, pursuant to procedures established by the Administrator, deemed at the time of such
Separation from Service to be a “key employee” within the meaning of that term under Code Section 416(i) and such delayed issuance is otherwise required in order to avoid a prohibited distribution under Code
Section 409A(a)(2). Upon the expiration of the applicable deferral period, all Shares or other amounts deferred pursuant to this Paragraph 8 shall be issued in a lump sum to the Participant. 

 9. Leaves of Absence. For purposes of the normal vesting provisions of Paragraph 1 of this Agreement, Participant shall be deemed to remain
in Continuous Service during any period Participant is on a military leave, sick leave or other personal leave approved by the Corporation. However, for purposes of applying the special vesting acceleration provisions of Paragraphs 3(b) and 5(a),
Participant shall be deemed to have ceased Continuous Service upon the commencement date of any leave of absence and not to remain in Continuous Status during the period of that leave, except to the extent otherwise required by law or pursuant to
the following policy: 
  

	 	•	 	 Participant shall be deemed to remain in Continuous Service status during (i) the first three (3) months of an approved personal leave of absence or
(ii) the first seven (7) months of any bona fide leave of absence (other than an approved personal leave) and shall be deemed to cease Continuous Service upon the expiration of the applicable three (3)-month or seven (7)-month period.

  

	 	•	 	 In the event Participant is on such an approved or bona fide leave of absence, he or she shall in all events be deemed to cease Continuous Service upon the
earlier of (i) the expiration date of that leave of absence, unless Participant returns to active Continuous Service on or before that date, or (ii) the date Participant’s Continuous Service actually terminates by reason
of his or her voluntary or involuntary termination or by reason of his or her death or disability. 

 10. Compliance
with Laws and Regulations. The issuance of shares of Common Stock pursuant to the Award shall be subject to compliance by the Corporation and Participant with all Applicable Laws relating thereto. 
 11. Notices. Any notice required to be given or delivered to the Corporation under the terms of this Agreement shall be in writing and
addressed to the Corporation at its principal corporate offices. Any notice required to be given or delivered to Participant shall be in writing and addressed to Participant at the address indicated below Participant’s signature line on this
Agreement or shall be delivered electronically to Participant through the Corporation’s electronic mail system or through an on-line brokerage firm authorized by the Corporation to effect sales of the Common Stock issued hereunder. All notices
shall be deemed effective upon personal delivery or delivery through the Corporation’s electronic mail system or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 
  

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 12. Successors and Assigns. Except to the extent otherwise provided in this Agreement, the
provisions of this Agreement shall inure to the benefit of, and be binding upon, the Corporation and its successors and assigns and Participant, Participant’s assigns, the legal representatives, heirs and legatees of Participant’s estate
and any beneficiaries of the Award designated by Participant. 
 13. Construction. This Agreement and the Award evidenced
hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan. In the event of any conflict between the provisions of this Agreement and the terms of the Plan, the terms of the Plan shall be
controlling. All decisions of the Administrator with respect to any question or issue arising under the Plan or this Agreement shall be conclusive and binding on all persons having an interest in the Award. 
 14. Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of
California without resort to that State’s conflict-of-laws rules. 
 15. Employment at Will. Nothing in this Agreement or
in the Plan shall confer upon Participant any right to remain in Continuous Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Related Entity employing or retaining
Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant’s Continuous Service at any time for any reason, with or without cause. 
 16. Plan Prospectus. The official prospectus for the Plan is available on the Corporation’s intranet at: http://gnet/
finance/                . Participant may also obtain a printed copy of the prospectus by contacting Stock Administration either through the internet at
stockadministration@gilead.com or by telephoning 650-522-5517. 
 IN WITNESS WHEREOF, Gilead Sciences, Inc. has caused this
Agreement to be executed on its behalf by its duly-authorized officer on the day and year first indicated above. 
  

			
	GILEAD SCIENCES, INC.
		
	By:	 	 
		
	Title:	 	 

  

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 APPENDIX A  
 DEFINITIONS 
 The following definitions shall be in effect under the Agreement: 
 A. Administrator shall mean the Compensation Committee of the Board in its capacity as administrator of the Plan. 
 B. Agreement shall mean this Restricted Stock Unit Issuance Agreement. 
 C. Applicable Laws shall mean the legal requirements related to the Plan and the Award under applicable provisions of the federal
securities laws, state corporate and securities laws, the Code, the rules of any applicable Stock Exchange on which the Common Stock is listed for trading, and the rules of any non-U.S. jurisdiction applicable to Awards granted to residents therein.

 D. Award shall mean the award of Restricted Stock Units made to
Participant pursuant to the terms of this Agreement. 
 E. Award Date shall mean the date the restricted stock units are
awarded to Participant pursuant to the Agreement and shall be the date indicated in Paragraph 1 of the Agreement. 
 F. Board
shall mean the Corporation’s Board of Directors. 
 G. Change in Control shall mean a change in ownership or control of
the Corporation effected through the consummation of any of the following transactions: 
 (i) a merger, consolidation or
other reorganization approved by the Corporation’s stockholders, unless securities representing more than fifty percent (50%) of the total combined voting power of the voting securities of the successor corporation are immediately
thereafter beneficially owned, directly or indirectly and in substantially the same proportion, by the persons who beneficially owned the Corporation’s outstanding voting securities immediately prior to such transaction; 
 (ii) a sale, transfer or other disposition of all or substantially all of the Corporation’s assets; 
 (iii) the closing of any transaction or series of related transactions pursuant to which any person or any group of persons comprising a
“group” within the meaning of Rule 13d-5(b)(1) of the 1934 Act (other than the Corporation or a person that, prior to such transaction or series of related transactions, directly or indirectly controls, is controlled by or is under common
control with, the Corporation) becomes directly or indirectly (whether as a result 

  

 A-1 

 
of a single acquisition or by reason of one or more acquisitions within the twelve (12)-month period ending with the most recent acquisition) the beneficial
owner (within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing (or convertible into or exercisable for securities possessing) more than fifty percent (50%) of the total combined voting power of the Corporation’s
outstanding securities (as measured in terms of the power to vote with respect to the election of Board members) outstanding immediately after the consummation of such transaction or series of related transactions, whether such transaction involves
a direct issuance from the Corporation or the acquisition of outstanding securities held by one or more of the Corporation’s existing stockholders; or 
 (iv) a change in the composition of the Board over a period of twelve (12) consecutive months or less such that a majority of the Board members ceases, by reason of one or more contested elections for Board
membership, to be comprised of individuals who either (A) have been Board members continuously since the beginning of such period or (B) have been elected or nominated for election as Board members during such period by at least a majority
of the Board members described in clause (A) who were still in office at the time the Board approved such election or nomination. 
 In no event,
however, shall a Change in Control be deemed to occur upon a merger, consolidation or other reorganization effected primarily to change the State of the Corporation’s incorporation or to create a holding company structure pursuant to which the
Corporation becomes a wholly-owned subsidiary of an entity whose outstanding voting securities immediately after its formation are beneficially owned, directly or indirectly and in substantially the same proportion, by the persons who beneficially
owned the Corporation’s outstanding voting securities immediately prior to the formation of such entity. 
 F. Code shall
mean the Internal Revenue Code of 1986, as amended. 
 G. Common Stock shall mean shares of the Corporation’s common
stock. 
 H. Completion Date shall mean, for each Performance Objective, the date on which that Performance Objective is
attained at minimum threshold level or above and shall in no event be later than the latest date specified for completion of that Performance Objective in attached Schedule I. 
 I. Consultant shall mean any person, including an advisor, who is compensated by the Corporation or any Related Entity for services
performed as a non-employee consultant; provided, however, that the term “Consultant” shall not include non-employee Directors serving in their capacity as Board members. The term “Consultant” shall include a
member of the board of directors of a Related Entity. 
  

 A-2 

 J. Continuous Service shall mean the performance of services for the Corporation or a
Related Entity (whether now existing or subsequently established) by a person in the capacity of an Employee, Director or Consultant. For purposes of this Agreement, Participant shall be deemed to cease Continuous Service immediately upon the
occurrence of either of the following events: (i) Participant no longer performs services in any of the foregoing capacities for the Corporation or any Related Entity or (ii) the entity for which Participant is performing such services
ceases to remain a Related Entity of the Corporation, even though Participant may subsequently continue to perform services for that entity. In jurisdictions requiring notice in advance of an effective termination of Participant’s service as an
Employee, Director or Consultant, Continuous Service shall be deemed terminated upon the actual cessation of such service to the Corporation or a Related Entity notwithstanding any required notice period that must be fulfilled before
Participant’s termination as an Employee, Director or Consultant can be effective under Applicable Laws. 
 K. Corporation
shall mean Gilead Sciences, Inc., a Delaware corporation, and any successor corporation to all or substantially all of the assets or voting stock of Gilead Sciences, Inc. which shall by appropriate action adopt the Plan. 
 L. Director shall mean a member of the Board. 
 M. Employee shall mean any person who is in the employ of the Corporation (or any Related Entity), subject to the control and direction of the Corporation or Related Entity as to both the work to be
performed and the manner and method of performance. 
 N. Fair Market Value per share of Common Stock on any relevant date
shall be the closing price per share of Common Stock (or the closing bid, if no sales were reported), as quoted on the Stock Exchange serving as the primary trading market for the Common Stock, on the last market trading day prior to the date of
determination (or, if no closing price or closing bid was reported on that date, as applicable, on the last trading date such closing price or closing bid was reported), as reported in The Wall Street Journal or such other source as the
Administrator deems reliable. 
 O. 1934 Act shall mean the Securities Exchange Act of 1934, as amended from time to time.

 P. Participant shall mean the person to whom the Award is made pursuant to the Agreement. 
 Q. Parent shall mean a “parent corporation,” whether now existing or hereafter established, as defined in Section 424(e) of
the Code. 
 R. Performance Objectives shall mean the various performance objectives specified on attached Schedule I which
must be attained in order to satisfy the applicable performance vesting requirements for the shares of Common Stock subject to this Award. 
  

 A-3 

 S. Permanent Disability shall mean the inability of Participant to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment which is expected to result in death or to be of continuous duration of twelve (12) months or more. 
 T. Plan shall mean the Corporation’s 2004 Equity Incentive Plan, as amended from time to time. 
 U. Related Entity shall mean (i) any Parent or Subsidiary of the Corporation and (ii) any corporation in an unbroken chain of
corporations beginning with the Corporation and ending with the corporation in the chain for which Participant provides services as an Employee, Director or Consultant, provided each corporation in such chain owns securities representing at least
fifty percent (50%) of the total outstanding voting power of the outstanding securities of another corporation or entity in such chain. 
 V. Restricted Stock Unit shall mean the right to receive one share of Common Stock pursuant to this Award upon the satisfaction of the performance and/or Continuous Service vesting requirements to which that right is subject.

 W. Separation from Service shall mean the Participant’s cessation of Employee status by reason of his or her death,
retirement or termination of employment. Participant shall be deemed to have terminated employment for such purpose at such time as the level of his or her bona fide services to be performed as an Employee or independent consultant for the
Corporation or any Related Entity permanently decreases to a level that is not more than twenty percent (20%) of the average level of services he or she rendered as an Employee during the immediately preceding thirty-six (36) months (or
such shorter period for which he or she may have rendered such Service). However, any determination as to Separation from Service shall be made in accordance with the applicable standards of the Treasury Regulations issued under Code Section 409A.

 X. Stock Exchange shall mean the American Stock Exchange, the Nasdaq Global or Global Select Market or the New York Stock
Exchange. 
 Y. Subsidiary shall mean a “subsidiary corporation,” whether now existing or hereafter established, as
defined in Section 424(f) of the Code. 
 Z. Vesting Schedule shall mean the schedule set forth in Paragraph 1 of the
Agreement, pursuant to which the Restricted Stock Units and the underlying Shares are to vest in one or more allotments upon the satisfaction of the performance and Continuous Service vesting requirements applicable to that allotment. 
 AA. Withholding Taxes shall mean the federal, state and local income taxes and the employee portion of the federal, state and local
employment taxes required to be withheld by the Corporation in connection with the issuance of the shares of Common Stock which vest under the Award and any phantom dividend equivalents distributed with respect to those shares. 
  

 A-4 

 SCHEDULE I 
 PERFORMANCE OBJECTIVES AND COMPLETION DATES 
  

 A-1Employment Agreement of Richard T. Florell

 Exhibit 10.1 
 October 8, 2007 
 Richard T. Florell 
 6026
Jamestown Park 
 Orlando, FL 32819 
 Re: Employment Agreement

 Dear Ric, 
 You and Universal City Development Partners,
Ltd. d/b/a “Universal Orlando” (hereinafter referred to as “UO” or the “Company”) have agreed as follows: 
  

	1.	Definitions: 

 UO includes any subsidiary, or
affiliated company or any divisions thereof now existing or formed at any time after the date of this Agreement; any business entity which may merge into UO or with which UO may be merged or consolidated; any business entity which may acquire all or
a substantial portion of the assets or good will of UO; or any business entity which may result from a division or other reorganization of UO. 
  

	2.	Employment and Services: 

  

	 	a)	UO has employed you and you have agreed to perform your exclusive services for UO upon the terms and conditions hereinafter set forth, and the UO employee policies and procedures as
communicated to you from time to time. 

  

	 	b)	You will perform such services as requested from time to time by the President or Chief Executive Officer, Universal Orlando, or their duly authorized representative. Your
employment as Senior Vice President/General Manager, Resort Revenue Operations, will commence on December 4, 2007, it being understood that the President or Chief Executive Officer, Universal Orlando, or their duly authorized officers may
assign you to render your services in different occupational areas within Universal Orlando, in their sole discretion. 

	3.	Results and Proceeds: 

 As your employer, UO shall
own all rights in and to the results and proceeds connected with or arising out of, directly and indirectly, your services hereunder. 
  

	4.	Term; Renewal: 

  

	 	a)	The term of this Agreement shall run three (3) years, commencing on December 4, 2007 and continuing until December 3, 2010. 

  

	 	b)	Option: UO shall have the irrevocable option to renew the term of this Agreement for a period of twenty four (24) months, commencing on December 4, 2010 and
continuing until December 3, 2012. 

  

	 	c)	In the event the Company exercises its right to renew your employment under the option provided above, you shall be notified in writing not less than sixty (60) days prior to
the expiration date of the then current term. In the event the Company does not elect to continue your employment at the expiration of any term, no special severance consideration is provided. Rather, standard Company practice (if any) shall apply.

  

	 	d)	You agree and acknowledge that UO has no obligation to renew this Agreement or to continue your employment after expiration of the term hereunder, and you expressly acknowledge
that no promises or understandings to the contrary have been made or reached. 

  

	5.	Compensation: 

  

	 	a)	Basic Salary: For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $324,552.00 or at such higher salary as may be
determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, Universal Parks & Resorts (“UPR”). Such higher salary shall subsequently be deemed the annual rate,
commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement. 

  

	 	b)	Such salary shall be payable in equal installments on UO’s regular paydays during the term, subject to the usual and required employee payroll deductions and withholdings. UO
is not obligated to actually utilize your services, and in the event it elects not to do so, you shall continue to be compensated under the terms and conditions of this Agreement unless mutually agreed upon. 

  

 Page 2 of 6 

	6.	Covenants: 

  

	 	a)	You will not at any time during your employment by the Company or the period of payment pursuant to Section 5 be or become (i) interested or engaged in any manner,
directly or indirectly, either alone or with any person, firm or corporation now existing or hereafter created, in any business which is or may be competitive with the business of the Company and its affiliates or (ii) directly or indirectly a
stockholder or officer, director, agent, consultant or employee of, or in any manner associated with, or aid or abet, or give information or financial assistance to, any such business. The provisions of this Paragraph will not be deemed to
prohibit your purchase or ownership, as a passive investment, of not more than five percent (5%) of the outstanding capital stock of any corporation whose stock is publicly traded.

  

	 	b)	You will not during (i) the period of your employment by the Company, (ii) the period of payment pursuant to Section 5, or (iii) the period ending one
(1) year after the later of the periods described in the previous clauses (i) or (ii) induce or attempt to induce any employees, consultants, contractors or representatives of the Company (or those of any of its affiliates) to stop
working for, contracting with, or representing the Company or any of its affiliates, or to work for, contract with or represent any of the Company’s (or its affiliates’) competitors. 

  

	7.	Place and Condition of Employment: 

 Your principal
place of employment, unless otherwise specified, is the Orlando office of Universal Orlando. However, it is understood that you may be required to travel to other locations on behalf of Universal Orlando. 
  

	8.	Vacation: 

 You shall be entitled to vacation with
pay under the UO vacation plan. Any unused vacation may not be “carried over” into another year without the approval of your Department Head and the Human Resources Department. No more than ten (10) days may be carried over at any one
time. 
  

	9.	Termination: 

 UO may terminate your services as
follows: 
  

	 	a)	The Company may terminate this Agreement for cause at any time without advance notice. “Cause” will include, but not be limited to: 

  

	 	(i)	your material failure to perform your duties; 

  

 Page 3 of 6 

	 	(ii)	your material failure to comply with Company policies, including, without limitation those set forth in the Universal Orlando Code of Conduct, the Employee Confidentiality and
Non-Disclosure Agreement, the Universal Orlando E-Mail Policy, the Universal Orlando Internet and Computer On-Line Services Policy and the Universal Orlando Discrimination and Sexual Harassment Policy, or 

  

	 	b)	In the event you have suffered a permanent and total disability, which prevents your performance of your full-time duties under this Agreement, but in no case, shall such right be
exercised until six (6) months from the date of the commencement of such disablement. 

  

	10.	Benefits: 

 During the term hereof and so long as
you are not in breach of this Agreement: 
  

	 	a)	UO shall reimburse you for your reasonable and necessary business expenses in accordance with its then prevailing policy (which shall include appropriate itemization and
substantiation of expenses incurred). 

  

	 	b)	You shall be entitled to participate in the group insurance benefit plans. 

  

	 	c)	You shall be entitled to participate in the UO 401(k) retirement program upon terms and conditions as developed by UO. 

  

	 	d)	You shall be entitled to participate in the UO Executive Incentive Plan (the “Incentive Plan”) in accordance with the terms of the Incentive Plan, with a potential payout
of 30% of your base salary. However, no specific amount is guaranteed. In the event UO has terminated this Agreement in accordance with Section 9(a) above, you will have no right to receive compensation under the Incentive Plan for any portion
of the year in which your termination occurred. 

  

	 	e)	You shall be eligible to participate in the Company sponsored “Highly Compensated Employees” supplemental benefit plan to our 401(k) plan. 

 You further expressly agree and acknowledge that after expiration of the term hereunder you are entitled to no additional benefits not expressly set forth
herein, except as specifically provided under the benefit plan referred to herein and those benefit plans in which you may subsequently become a participant, and subject in all cases to the term and conditions of each such plan. 
  

 Page 4 of 6 

	11.	Assignment of Agreement: 

 UO may assign this
Agreement to any affiliate or successor in interest without your prior consent. This Agreement is a personal services agreement and may not be assigned by you. 
  

	12.	Compliance with Policies: 

 Incorporated herein and
made part of this Agreement are the Universal Orlando Code of Conduct and the Company’s Discrimination and Sexual Harassment Policy. Compliance with such Policies and Code of Conduct, and any amendments thereto which you receive, such
amendments to be consistent with the tenor of the current Policies and Codes of Conduct and not in violation of public policy, are conditions to your continued employment. Any material violation thereof shall constitute a breach of this Agreement,
and shall provide for termination as set forth in Section 9 above. 
 In addition to such Policies and Code of Conduct, also incorporated
herein and made a part of this Agreement is the Employee Confidentiality and Non-Disclosure Agreement. In view of the fact that your position of service to UO is a unique one of trust and confidence and, as a condition to your employment by UO under
this Agreement, you agree to sign and comply with each of the provisions of such Employee Confidentiality and Non-Disclosure Agreement. 
  

	13.	Termination of All Previous Agreements: 

 All prior
personal employment service agreements (whether written, oral or implied) between us, if any, are terminated as of the commencement of the term of this Agreement. 
  

	14.	Choice of Laws: 

 This Agreement shall be covered by
and construed and enforced in accordance with and subject to the laws of the State of Florida. Any legal proceeding brought by either party for enforcing any right or obligation under this Agreement, or arising under any matter pertaining to this
Agreement or the services to be rendered hereunder, shall be submitted without jury before any court of competent jurisdiction in the State of Florida. The parties hereto expressly waive trial by jury. 
  

	15.	Entire Agreement; Modification; Severability: 

 This
Agreement sets forth the entire understanding between us; there are no terms, conditions, representations, warranties or covenants other than those contained herein. No term or provision of this Agreement may be amended, waived, released, discharged
or modified in any respect except in writing, signed by the appropriate party(ies). No waiver of any breach or default shall constitute a waiver of any other breach or default, whether of the same or any other term or condition. 
  

 Page 5 of 6 

 The invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement. 
 Very truly yours, 
 UNIVERSAL ORLANDO 
 John R. Sprouls 
 Executive Vice President 
 Human Resources, Legal & Business Affairs, UPR 
  

									
	JRS:jal	  		  		  		  	
					
	AGREED:	  		  		  		  	
					
	 /s/ Richard T. Florell
	  	October 8, 2007	  		  		  	
	Richard T. Florell	  	Date	  		  		  	

  

 Page 6 of 6

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