Document:

Employment Agreement with G. Fred Forsyth

 Exhibit 10.01 
  
 EMPLOYMENT AGREEMENT 
  

THIS EMPLOYMENT AGREEMENT, effective as of August 4, 2003 (“Agreement”), is made between LeapFrog Enterprises, Inc., a Delaware corporation
(the “Company”), and G. Fred Forsyth (“Employee”). 
  
 AGREEMENT: 
  
 NOW, THEREFORE, in consideration of
the mutual promises and subject to the terms and conditions set forth herein, the parties hereto agree as follows: 
  
 SECTION 1. EMPLOYMENT. 
  
 1.1 Position, Duties, Responsibilities, Authority. The Company hereby employs Employee as the Chief Operating Officer, on the terms and conditions
hereinafter set forth. In such capacity, Employee shall have such duties and authority as are customary for, and commensurate with such position. Employee shall, to the best of Employee’s ability, carry out such responsibilities and duties in
an efficient trustworthy, effective and businesslike manner. Employee’s performance of services under this Agreement shall be rendered in the San Francisco Bay Area, or at any location or locations other than the aforesaid as Employee shall
agree to and as the Board may designate from time to time. Employee shall perform Employee’s responsibilities hereunder for the Company and/or such affiliates of the Company as the CEO & President of the Company may designate from time to
time. 
  
 1.2 Exclusive Employment. While Employee is
employed with the Company, Employee shall devote Employee’s full business time to Employee’s duties and responsibilities set forth in this Section 1. Without limiting the generality of the foregoing, Employee shall not, without the prior
written approval of the Company’s Board of Directors (the “Board”), render services of a business, professional or commercial nature to any other person, firm or corporation, whether for compensation or otherwise, except that Employee
may engage in civic, philanthropic and community service activities so long as such activities do not interfere with Employee’s ability to comply with this Agreement and are not otherwise in conflict with the policies or interests of the
Company. 
  
 SECTION 2. COMPENSATION AND OTHER
BENEFITS. 
  
 In consideration of Employee’s employment,
and except as otherwise provided herein, Employee shall receive from the Company the compensation and benefits described in this Section 2, in full and complete satisfaction of all of the Company’s obligations to Employee arising from
Employee’s employment. The compensation and employee benefits payable to Employee pursuant to this Agreement may be changed only by the written agreement of the parties. Employee authorizes the Company to deduct and withhold from all
compensation to be paid to Employee any and all sums required to be deducted or withheld by the Company pursuant to the provisions of any federal, state, or local law, regulation, ruling, or ordinance, including, but not limited to, income tax
withholding and payroll taxes. 
  
 2.1 Base Compensation.
While Employee is employed with the Company, the Company shall pay to Employee, and Employee shall be entitled to receive from the Company, as a fixed salary for the full time employment referred to in Section 1 hereof, compensation
(“Compensation”) from the effective date of this Agreement through July 1, 2004 at the rate of Twenty Five Thousand Dollars 

 
($25,000) per calendar month [a rate equivalent to $300,000 per annum]. Said Compensation shall be payable in intervals not less than twice a month in
accordance with Company payment policy for executives in effect from time to time. Employee’s Compensation will be subject to adjustment from time to time as determined by the Board, and effective July 1, 2004, Employee shall be eligible to
participate in the executive annual merit increase program. 
  
 2.2 Stock Options. Subject to approval of the Board, the Company shall grant Employee an option to purchase 250,000 shares of the Company’s common stock (the “Option”), pursuant to the Company’s 2002 Equity
Incentive Plan (the “Plan”). The Option will be subject to a four-year vesting period, commencing on the Employee’s date of hire (the “Employment Date”) as follows: twenty-five percent (25%) of the Option shares shall vest
on the first anniversary of the Employment Date, with the remaining Option shares to vest in equal portions on a monthly basis over the three-year period following the first anniversary of the Employment Date, provided that Employee remains employed
by the Company. The Option shall be subject to the terms and conditions of the Plan and the corresponding stock option grant notice and stock option agreement. 
  

2.3 Performance Bonus. Employee is eligible to receive an annual discretionary bonus of up to 50% of Employee’s then current annual
Compensation (the “Bonus”) based on the Company’s performance and Employee’s achievement of performance objectives as established in writing by the CEO & President in consultation with Employee, which achievement will be
determined by the Board in its sole good faith discretion. Except as provided in Section 3.2 below, if Employee is not employed as of December 31 of the Bonus year, he will not have earned the Bonus, or any pro-rata portion of the Bonus for that
year. Payment of any Bonus shall be subject to standard payroll deductions and withholdings. If the Company adopts a bonus plan under which Employee becomes eligible, and the new bonus plan opportunity is at least equal to the opportunity outlined
in Section 2.3 above, Employee shall participate in the new plan and shall no longer be eligible to receive any bonus under this Section 2.3. 
  
 2.4 Other Benefits. Employee shall be entitled to applicable employee benefits, such as group medical and dental for Employee, Employee’s
spouse and dependent children, life and disability insurance coverage, sick leave and vacation all as granted to the Company’s employees in accordance with the Company’s policies and guidelines, including but not limited to contribution
requirements for dependent coverage, as approved by the Board from time to time. 
  
 SECTION 3. EMPLOYMENT TERM AND TERMINATION. 
  
 3.1 Term and Termination. Employee’s employment with Company is for unspecified duration and constitutes at-will
employment within the meaning of California Labor Code Section 2922. Accordingly, the employment relationship may be terminated at any time with or without Cause, by Company or by Employee, immediately upon delivery of written notice. Except as
otherwise specifically provided in Section 3.2 below, upon termination of employment Employee shall not be entitled to receive any compensation or benefits other than Compensation and accrued and unused vacation earned through the date of
termination of employment (the “Separation Date”). 
  
 3.2 Compensation and Benefits Upon Termination. In the event Employee’s employment terminates for any reason, the Company shall pay to Employee all of his accrued and unused vacation and unpaid Compensation earned through the
Separation Date. If the Company terminates Employee’s employment for any reason other than his death or disability, Cause, or Employee’s voluntary resignation, and Employee provides the Company with the Release described below, Employee
shall be entitled to receive the following severance benefits (collectively, the “Severance Benefits”): (i) payments in an amount equivalent to the Employee’s Compensation in effect as of the Separation Date, 

  

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but not less than the rate of $25,000 per calendar month, subject to required payroll deductions and withholdings (the “Severance Payments”), on
the Company’s regular payroll dates during the period from the effective date of the Release and continuing through the end of the Severance Period (as defined below), (ii) a pro rata portion of any bonus that Employee would otherwise have been
entitled to receive in the year of the employment termination, subject to required payroll deductions and withholdings, as and when otherwise payable under this Agreement or any bonus plan, and (iii) if Employee timely elects to continue his
Company-provided group health insurance coverage pursuant to federal COBRA law, reimbursement from the Company for the cost of Employee’s COBRA premiums to continue his health insurance coverage at the same level of coverage for him and his
dependents (if applicable) in effect as of the Separation Date through the end of the Severance Period. 
  
 As a condition of receipt of the Severance Benefits, Employee shall: (a) prior to his receipt of any of the Severance Benefits, provide the Company with an effective general release of known and unknown claims, in the
form required by the Company (the “Release”), and (b) at any time during the Severance Period, respond fully to any Company inquiry regarding his post-termination employment, consulting and contracting activities. 
  
 In no event will Employee vest in any stock options or other similar rights during the
Severance Period. As used in this Section 3.2, the Severance Period shall mean the period beginning on the Separation Date and ending on the earliest of: 
  

	 	(a)	the later of (i) six (6) months, or (ii) the date that Employee becomes employed by another employer, or (iii) the date that Employee becomes engaged in any independent contractor
or consulting relationship with any entity or individual other than the Company; or 

  

	 	(b)	the date that is twelve (12) months after the Separation Date, if employee does not become employed as outlined in (a); or 

  

	 	(c)	the date that Employee breaches his continuing obligations under Section 5 of this Agreement. 

  
 For purposes of this Section 3.2, the following definitions shall apply: 
  
 The term “disability” shall mean a physical or mental disability that renders Employee unable to perform one or more of the
essential functions of his job, as determined by the Board, for a period of 120 consecutive days or more than 180 days in any consecutive 12-month period. 
  
 The term “Cause” shall mean (i) Employee’s commission of any of fraud, embezzlement or misappropriation involving the Company, (ii) Employee’s
conviction by a court of competent jurisdiction of, or entering a plea of guilty or no contest to, any felony involving moral turpitude or dishonesty, (iii) Employee’s action, or failure to commit an act, involving the Company which amounts to,
or with the passage of time would amount to, willful misconduct, wanton misconduct, gross negligence or a breach of this Agreement and which results or will result in material harm to the Company, or (iv) Employee’s willful failure to perform
the responsibilities and duties specified herein. 
  
 SECTION 4. BUSINESS EXPENSES 
  
 4.1 The Company
shall pay for or reimburse Employee for all reasonable business expenses incurred by Employee in the performance of Employee’s duties hereunder, upon submission to the Company in accordance with Company policy of a written accounting of such
expenses, which accounting shall include an itemized list of all expenses incurred, the business purposes for which such expenses were incurred, and such receipts as Employee reasonably has been able to obtain. 
  

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 SECTION 5. COVENANTS OF EMPLOYEE. 
  
 5.1 Acknowledgments. Employee acknowledges the following: 

 
 5.1.1 Access to Confidential Information. Employee’s
services to be rendered hereunder shall place him in a position of confidence and trust which shall allow him access to “Confidential Information” (as hereinafter defined). 
  
 5.1.2 Fair and Reasonable Covenant. The type and period of restrictions imposed by the covenants in this Section 5
are fair and reasonable and such restrictions will not prevent Employee from earning a livelihood. 
  
 5.2 Covenant as to Nondisclosure or Use of Confidential Information. Employee agrees as follows: 
  
 5.2.1 Employee shall not at any time during or after Employee’s
employment, disclose to anyone outside of the Company or use for any purpose that is not expressly authorized by the Company any Confidential Information. Employee shall not deliver, reproduce or in any way allow any Confidential Information to be
delivered to or used by any third parties without specific written consent of a the President of the Company. 
  
 5.2.2 The Company’s agreements with other persons or with the U.S. government, or its agencies, may include agreements that impose obligations or
restrictions regarding inventions that occur in connection with work relating to such an agreement, or regarding the confidential nature of work pursuant to such an agreement. Employee agrees to be bound by all such lawful obligations and
restrictions, and to do whatever is necessary to satisfy the obligations of the Company. 
  
 5.2.3 Employee acknowledges that the Company has received and in the future will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the
Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. Employee agrees that during the term of Employee’s employment with the Company and thereafter, Employee will hold Third
Party Information in the strictest confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection with their work for the Company) or use, except in connection with Employee’s work for
the Company, Third Party Information unless expressly authorized by an officer of the Company in writing. 
  
 5.2.4 During Employee’s employment by the Company, Employee shall not improperly use or disclose any confidential information or trade secrets, if
any, of any former employer or any other person to whom Employee has an obligation of confidentiality, and Employee shall not bring on to the premises of the Company any unpublished documents or any property belonging to any former employer or any
other person to whom Employee has an obligation of confidentiality unless consented to in writing by that former employer or person. Employee will use in the performance of Employee’s duties only information generally known and used by persons
with training and experience comparable to Employee’s own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. 
  

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 5.2.5 If this Agreement is terminated for any reason, Employee shall promptly surrender and deliver to
the Company all Confidential Information. Employee will not retain any description or other document that contains or relates to any Confidential Information that Employee may produce, obtain or otherwise learn about during employment with the
Company. 
  
 5.3 Assignment of Inventions. Employee assigns
and transfers to the Company Employee’s entire right, title and interest in and to all inventions including, but not limited to, ideas, improvements, designs and discoveries (“Inventions”), whether or not patentable and whether or not
reduced to practice, made or conceived by Employee (whether made solely by Employee or jointly with others) during Employee’s employment with the Company which relate in any manner to the actual or demonstrably anticipated business, work or
research and development of the Company or its subsidiaries, or result from or are suggested by any task assigned to Employee or any work performed by Employee for or on behalf of the Company or its subsidiaries. All Inventions are the sole property
of the Company; provided, however, that this Agreement does not require assignment of an Invention which qualifies fully for protection under Section 2870 of the California Labor Code (“Section 2870”), which provides as follows:

  
 5.3.1 Any provision in an employment agreement which provides
that an employee shall assign or offer to assign any of Employee’s or her rights in an invention to Employee’s or her employer shall not apply to an invention that the employee developed entirely on Employee’s or her own time and
without using the employer’s equipment, suppliers, facilities or trade secrets information except for those inventions that either: 
  
 (a) relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer; or 
  
 (b) result from any work performed by the employee for the employer. 
  
 5.3.2 To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required
to be assigned under Section 5.3.1, the provision is against the public policy of this state and is unenforceable. 
  
 5.4 Disclosure Of Inventions: Patents, Copyrights and Mask Work Rights. Employee agrees that in connection with any Invention: 
  
 5.4.1 To keep and maintain adequate and current written records of all
Inventions made by Employee (in the form of notes, sketches, drawings and other forms specified by the Company) while employed by the Company. These records shall be available to the Company and shall be and remain the sole property of the Company
at all times. Employee will disclose such Inventions promptly in writing to Employee’s immediate supervisor at the Company, with a copy to the Company President, whether or not Employee believes the Invention is protected by Section 2870. Such
disclosure shall be received in confidence by the Company. Within thirty (30) days after receipt of such disclosure, the Company shall respond to Employee specifying that the Company either (i) claims that the Invention is an assignable invention
(as defined below in Section 5.4.2), (ii) relinquishes any claim to the Invention or (iii) requires further or more detailed disclosure to assess its rights to the Invention under this Agreement. In the case of clause (iii) above, the Company shall
permit Employee time during normal business hours reasonably necessary to prepare a more detailed disclosure; and the Company shall provide an additional response as described in this Section 5.4.1 within thirty (30) days after receipt by the
Company of such further or more detailed disclosure. 
  

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 5.4.2 Upon request, to promptly execute a written assignment of title to the Company for any Invention
required to be assigned by Section 5.3 (“assignable invention”) and Employee will preserve any such assignable invention as Confidential Information. 
  

5.4.3 Upon request, to assist the Company or its nominee (at its expense) during and at any time subsequent to Employee’s employment in every
reasonable way to obtain for the Company’s or its nominee’s benefit, patents, copyrights, mask work rights and other statutory rights (“Statutory Rights”) for such assignable inventions in any and all countries, which inventions
shall be and remain the sole and exclusive property of the Company or its nominee whether or not patented, copyrighted or the subject of a mask work right. Employee shall execute such papers and perform such lawful acts as the Company deems
necessary to exercise all rights, title and interest in such Statutory Rights. 
  
 5.4.4 To execute and deliver to the Company or its nominee upon request and at its expense all documents, including applications for and assignments of Statutory Rights to be issued therefore, as the Company
determines are necessary or desirable to apply for and obtain Statutory Rights on such assignable inventions in any and all countries and/or to protect the interest of the Company or its nominee in Statutory Rights and to vest title thereto in the
Company or its nominee. 
  
 5.5 Return of Business Records and
Equipment. Upon termination of Employee’s employment hereunder, Employee shall promptly return to the Company (i) all documents, records, procedures, books, notebooks, notes and any other documentation or materials in any form whatsoever,
which was obtained or developed in the course of Employee’s employment with the Company including but not limited to written, audio, video or electronic, embodiment of any information pertaining to the Company including but not limited to
Confidential Information, including any and all copies of all or any portion of such documentation or material then in Employee’s possession or control regardless of whether such documentation was prepared or compiled by Employee, Company,
other employees of the Company, representatives, agents, or independent contractors and (ii) all equipment or tangible personal property entrusted to Employee by the Company. Employee acknowledges that all such documentation, copies of such
documentation, equipment, and tangible personal property are and shall at all times remain the sole and exclusive property of the Company. 
  
 5.6 Additional Covenants Protecting the Interests of the Company. Employee agrees that at all times during Employee’s employment hereunder,
Employee shall comply with the Company’s employee policies and procedures reasonably established by the Company from time to time concerning matters such as management, supervision, recruiting, equal employment opportunity, and sexual
harassment. 
  
 5.7 Post-Employment Cooperation.

  
 5.7.1 Employee agrees that during the period of
Employee’s employment by the Company, Employee will not, without the Company’s express written consent, engage in any employment or business activity which is competitive with, or would otherwise conflict with Employee’s employment by
the Company. Employee agrees further that for the period of Employee’s employment by the Company, and for eighteen (18) months after the date of termination of Employee’s employment by the Company, Employee will not either directly or
indirectly solicit or attempt to solicit any employee, consultant or independent contractor of the Company to terminate his or her relationship with the Company to become an employee, consultant or independent contractor to or for any other person
or entity. 
  

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 5.7.2 Employee agrees that, for a period of two years following Employee’s termination of
employment under this Agreement, Employee shall, upon Company’s reasonable request and in good faith and with Employee’s best efforts, subject to Employee’s reasonable availability, cooperate and assist Company in any dispute,
controversy, or litigation in which Company may be involved and with respect to which Employee obtained knowledge while employed by the Company or any of its affiliates, successors, or assigns, including, but not limited to, Employee’s
participation in any court or arbitration proceedings, giving of testimony, signing of affidavits, or such other personal cooperation as counsel for the Company shall request. Any such activities shall be scheduled, to the extent reasonably
possible, to accommodate Employee’s business and personal obligations at the time. The Company shall pay Employee’s reasonable travel and incidental out-of-pocket expenses incurred in connection with any such cooperation. 
  
 5.8 Certain Definitions. For purposes of this Section 5,
“Confidential Information” shall mean information and compilations of information relating to the business and the owners of the Company and/or their affiliates provided to Employee in connection with Employee’s employment with the
Company and/or any affiliate of the Company or to which Employee had access or which Employee compiled while an Employee of the Company and/or an affiliate of the Company, including, but not limited to, information regarding any trade secrets,
proprietary knowledge, operating procedures, finances, financial condition, organization, employees, customers, clients, agents, other personnel, business activities, budgets, strategic or financial plans, objectives, marketing plans, prices and
price lists, operating and training materials, data bases and analyses, designs, formulae, test data and all other documents relating thereto or strategies of the Company; provided, however, the term “Confidential Information” as used
herein shall not include information (i) which has become public, published or is otherwise in the public domain through no fault of Employee prior to any disclosure thereof by Employee, (ii) which was known to Employee prior to Employee’s
employment or affiliation with the Company, (iii) which is required to be disclosed by statute, regulation or court order, or (iv) which is known generally to the public. 
  
 5.9 Remedies. Employee agrees that LeapFrog would be irreparably harmed in the event that any of the provisions of
this Agreement are violated and, therefore, in the event of any actual or threatened violation of this Agreement, LeapFrog will be entitled in addition to any other remedies to which it may be entitled, at law or in equity, to a temporary
restraining order and preliminary and permanent injunctive relief and to specifically enforce the terms and provisions hereof without the necessity of posting bond or proving damages. 
  
 SECTION 6. REPRESENTATIONS BY EMPLOYEE. 
  
 Employee represents and warrants that Employee is free to enter into and
perform each of the terms and conditions of this Agreement; and that Employee’s execution and/or performance of all Employee’s obligations under this Agreement does not and will not violate or breach any other agreement between Employee
and any other person or entity. Employee acknowledges that but for this representation and warranty, the Company would not agree to enter into this Agreement. 
  

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 SECTION 7. ASSIGNABILITY. 
  
 This Agreement is binding upon and inures to the benefit of the parties and
their respective heirs, executors, administrators, personal representatives, successors and assigns. The Company may assign its rights or delegate its duties under this Agreement at any time and from time to time. However, the parties acknowledge
that the availability of Employee to perform services and the covenants provided by Employee hereunder are personal to Employee and have been a material consideration for the Company to enter into this Agreement. Accordingly, Employee may not assign
any of Employee’s rights or delegate any of Employee’s duties under this Agreement, either voluntarily or by operation of law, without the prior written consent of the Company, which may be given or withheld by the Company in its sole and
absolute discretion. 
  
 SECTION 8.
NOTICES. 
  
 Notices under this Agreement shall be
sufficient only if mailed by certified or registered United States mail, return receipt requested, or personally delivered, to the parties at their addresses set forth on the signature page hereof or as amended by notice pursuant to this subsection.
Notice by mail shall be deemed received two (2) days after deposit. 
  
 SECTION 9. MISCELLANEOUS. 
  
 9.1 Entire Agreement. This Agreement contains the full, complete, and exclusive embodiment of the entire agreement of the parties with regard to the subject matter hereof and supersedes all proposals, oral or written, all
negotiations, conversations or discussions between or among the parties relating to this Agreement and all past course of dealing or industry custom. Employee has not entered into this Agreement or employment relationship in reliance on any
representations, written or oral, other than those contained herein. This Agreement may be modified only by a writing signed by Employee and the President of Company. 
  
 9.2 Amendment. This Agreement may not be amended except by an instrument in writing duly executed by the parties
hereto. 
  
 9.3 Applicable Law; Choice of Forum. This
Agreement has been made and executed under, and will be construed and interpreted in accordance with, the laws of the State of California. 
  
 9.4 Attorneys’ Fees. In any action or proceeding to enforce or interpret this Agreement, or arising out of this Agreement, the prevailing
party or parties are entitled to recover a reasonable allowance for fees and disbursements of counsel and costs of arbitration or suit, to be determined by the arbitrator or the court in which the action or proceeding is brought. 
  
 9.5 Provisions Severable. Every provision of this Agreement is
intended to be severable from every other provision of this Agreement. If any provision of this Agreement is held to be void or unenforceable, in whole or in part, the remaining provisions will remain in full force and effect, unless the remaining
provisions are so eviscerated by such holding that they do not reflect the intent of the parties in entering into this Agreement. If any provision of this Agreement is held to be unreasonable or excessive in scope or duration, that provision will be
enforced to the maximum extent permitted by law or modified so as to render it enforceable consistent with the intent of the parties insofar as possible. 
  

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 9.6 Non-Waiver of Rights and Breaches. Any waiver by a party of any breach of any provision of
this Agreement will not be deemed to be a waiver of any subsequent breach of that provision, or of any breach of any other provision of this Agreement. No failure or delay in exercising any right, power, or privilege granted to a party under any
provision of this Agreement will be deemed a waiver of that or any other right, power or privilege. No single or partial exercise of any right, power or privilege granted to a party under any provision of this Agreement will preclude any other or
further exercise of that or any other right, power or privilege. 
  
 9.7 Gender and Number. Concerning the words used in this Agreement, the singular form shall include the plural form, the masculine gender shall include the feminine or neuter gender, and vice versa, as the context requires, and the
word “person” shall include any natural person, partnership, corporation, association, trust, estate or other legal entity. 
  
 9.8 Headings. The headings of the Sections and Paragraphs of this Agreement are inserted for ease of reference only, and will have no effect in the
construction or interpretation of this Agreement. 
  
 9.9
Counterparts. This Agreement and any amendment or supplement to this Agreement may be executed in two or more counterparts, each of which will constitute an original but all of which will together constitute a single instrument. Transmission
by facsimile of an executed counterpart signature page hereof by a party hereto shall constitute due execution and delivery of this Agreement by such party. 
  
 9.10 Arbitration. To ensure the timely and economical resolution of disputes that arise in connection with Employee’s employment with the
Company, Employee and the Company agree that any and all disputes, claims, or causes of action arising from or relating to the enforcement, breach, performance or interpretation of this Agreement, Employee’s employment, or the termination of
Employee’s employment, shall be resolved to the fullest extent permitted by law by final, binding and confidential arbitration, by a single arbitrator, in San Francisco, California, conducted by Judicial Arbitration and Mediation Services, Inc.
(“JAMS”) under the applicable JAMS employment rules. By agreeing to this arbitration procedure, both Employee and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. The
arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a written arbitration decision, to include the arbitrator’s
essential findings and conclusions and a statement of the award. The arbitrator shall be authorized to award any or all remedies that Employee or the Company would be entitled to seek in a court of law. The Company shall pay all JAMS’
arbitration fees in excess of the amount of court fees that would be required if the dispute were decided in a court of law. Nothing in this Agreement is intended to prevent either Employee or the Company from obtaining injunctive relief in court to
prevent irreparable harm pending the conclusion of any such arbitration. Notwithstanding the foregoing, Employee and the Company each have the right to resolve any issue or dispute arising under Section 5 of this Agreement by court action instead of
arbitration. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of
the date first above written. 
  

	 EMPLOYEE:

	
	 /s/ G. Fred Forsyth

	
	 LeapFrog Enterprises, Inc.:

		
	 By:
	 	 /s/ James P. Curley

	 Name:
	 	 /s/ James P. Curley

	 Title:
	 	 Chief Financial Officer

	
	 Address:

	
	 6401 Hollis Street, Suite 150

	 Emeryville, CA 94608

  

 10Third Amended and Restated Williams Energy Partners Long-Term Incentive Plan

 EXHIBIT 10.1 
  
 THIRD AMENDED AND RESTATED 
 WILLIAMS ENERGY PARTNERS 
 LONG-TERM INCENTIVE PLAN 
 July 22, 2003 
  
 SECTION 1. Purpose of the Plan. 
  
 The Williams
Energy Partners Long-Term Incentive Plan (the “Plan”) is intended to promote the interests of Williams Energy Partners L.P., a Delaware limited partnership (the “Partnership”), by providing to employees providing services to and
directors of WEG GP LLC, a Delaware limited liability company (the “Company”), the general partner of the Partnership (and the successor to Williams GP LLC, the former general partner) and its Affiliates who perform services for the
Partnership incentive compensation awards for superior performance that are based on Units. Solely for the purposes of determining those employees eligible for participation in the Plan, WEG Acquisitions Management, LLC and its Affiliates shall be
deemed to be Affiliates of the Company for so long as WEG Acquisitions Management, LLC and/or its Affiliates own a 50% or greater membership interest in the Company. The Plan is also contemplated to enhance the ability of the Company and its
Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership and to encourage them to devote their best efforts to the business of the Partnership, thereby advancing the interests
of the Partnership and its partners. 
  
 SECTION 2.
Definitions. 
  
 As used in the Plan, the following terms
shall have the meanings set forth below: 
  
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the
term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
  
 “Award” means an Option, Phantom Unit or Performance Award granted
under the Plan, and shall include any tandem DERs granted with respect to a Phantom Unit. 
  
 “Award Agreement” means the written agreement by which an Award shall be evidenced. 
  
 “Board” means the Board of Directors of the Company. 
  
 “Committee” means the Compensation Committee of the Board or such other committee of the Board appointed by the Board to administer the Plan.

  
 “DER” means a contingent right, granted in tandem
with a specific Phantom Unit, to receive an amount in cash equal to the cash distributions made by the Partnership with respect to a Unit during the period such Phantom Unit is outstanding. 

 “Director” means a member of the Board who is not an Employee. 
  
 “Disability” shall have the meaning ascribed to such term in the
Company’s governing long-term disability plan, or if no such plan is applicable to the Participant, at the discretion of the Board. 
  
 “Employee” means any employee of the Company or an Affiliate who performs services for the Partnership, as determined by the Committee.

  
 “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
  
 “Fair Market Value” means the
closing sales price of a Unit on the applicable date (or if there is no trading in the Units on such date, on the next preceding date on which there was trading) as reported in The Wall Street Journal (or other reporting service approved by
the Committee). In the event Units are not publicly traded at the time a determination of fair market value is required to be made hereunder, the determination of fair market value shall be made in good faith by the Committee. 
  
 “Option” means an option to purchase Units granted under the Plan.

  
 “Participant” means any Employee or Director granted
an Award under the Plan. 
  
 “Partnership Agreement”
means the Amended and Restated Agreement of Limited Partnership of Williams Energy Partners L.P, as it may be amended or amended and restated from time to time. 
  

“Performance Award” means a right, granted under Section 6(c) hereof, to receive Awards based upon performance criteria specified by the
Committee. 
  
 “Person” means an individual or a
corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 
  
 “Phantom Unit” means a phantom (notional) Unit granted under the Plan which upon vesting entitles the Participant
to receive a Unit or an amount of cash equal to the Fair Market Value of a Unit, whichever is determined by the Committee. 
  
 “Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains subject to forfeiture
and is not exercisable by or payable to the Participant. 
  
 “Retirement” shall have the meaning ascribed to such term in the Company’s governing tax-qualified retirement plan applicable to the Participant, or if no such plan is applicable to the Participant, at the discretion of the
Committee. 
  
 “Rule 16b-3” means Rule 16b-3 promulgated
by the SEC under the Exchange Act, or any successor rule or regulation thereto as in effect from time to time. 
  

 -2- 

 “SEC” means the Securities and Exchange Commission, or any successor thereto. 
  
 “Unit” means a Common Unit of the Partnership. 
  
 “WEG LLC” means WEG Acquisitions Management, LLC. 
  
 SECTION 3. Administration. 
  
 The Plan shall be administered by the Committee. A majority of the Committee
shall constitute a quorum, and the acts of the members of the Committee who are present at any meeting thereof at which a quorum is present, or acts unanimously approved by the members of the Committee in writing, shall be the acts of the Committee.
Subject to the following and any applicable law, the Committee, in its sole discretion, may delegate any or all of its powers and duties under the Plan, including the power to grant Awards under the Plan, to the Chief Executive Officer of the
Company, subject to such limitations on such delegated powers and duties as the Committee may impose, if any. Upon any such delegation all references in the Plan to the “Committee”, other than in Section 7, shall be deemed to include the
Chief Executive Officer; provided, however, that such delegation shall not limit the Chief Executive Officer’s right to receive Awards under the Plan. Notwithstanding the foregoing, the Chief Executive Officer may not grant Awards to, or take
any action with respect to any Award previously granted to, a person who is an officer subject to Rule 16b-3 or a member of the Board. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations
conferred on the Committee by the Plan, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Units to be covered by
Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited; (vi) interpret and administer the Plan and any instrument or
agreement relating to an Award made under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (viii) make any other
determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under
or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company, the Partnership, any Affiliate, any
Participant, and any beneficiary of any Award. 
  
 SECTION 4.
Units. 
  
 (a) Units Available. Subject to
adjustment as provided in Section 4(c), the number of Units with respect to which Awards may be granted under the Plan is 700,000. If any Option or Phantom Unit is forfeited or otherwise terminates or is canceled without the delivery of Units, then
the Units covered by such Award, to the extent of such forfeiture, termination or cancellation, shall again be Units with respect to which Awards may be granted. 
  

 -3- 

 (b) Sources of Units Deliverable Under Awards. Any Units delivered pursuant to an Award shall
consist, in whole or in part, of Units acquired in the open market, from any Affiliate, the Partnership or any other Person, or any combination of the foregoing. 
  
 (c) Adjustments. In the event that the Committee determines that any distribution (whether in the form of cash,
Units, other securities, or other property), recapitalization, split, reverse split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Partnership, issuance of
warrants or other rights to purchase Units or other securities of the Partnership, or other similar transaction or event affects the Units such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Units (or other securities or
property) with respect to which Awards may be granted, (ii) the number and type of Units (or other securities or property) subject to outstanding Awards, and (iii) the grant or exercise price with respect to any Award or, if deemed appropriate, make
provision for a cash payment to the holder of an outstanding Award; provided, that the number of Units subject to any Award shall always be a whole number. 
  
 SECTION 5. Eligibility. 
  
 Any Employee or Director shall be eligible to be designated a Participant and receive an Award under the Plan. 
  
 SECTION 6. Awards. 
  
 (a) Options. The Committee shall have the authority to determine the
Employees and Directors to whom Options shall be granted, the number of Units to be covered by each Option, the purchase price therefor and the conditions and limitations applicable to the exercise of the Option, including the following terms and
conditions and such additional terms and conditions, as the Committee shall determine, that are not inconsistent with the provisions of the Plan. 
  
 (i) Exercise Price. The purchase price per Unit purchasable under an Option shall be determined by the Committee at the time the
Option is granted and may be more or less than its Fair Market Value as of the date of grant. 
  
 (ii) Time and Method of Exercise. The Committee shall determine the Restricted Period, i.e., the time or times at which an Option
may be exercised in whole or in part, which may include, without limitation, accelerated vesting upon the achievement of specified performance goals, and the method or methods by which payment of the exercise price with respect thereto may be made
or deemed to have been made, which may include, without limitation, cash, check acceptable to the Company, a “cashless-broker” exercise through procedures approved by the Company, other securities or other property, or any combination
thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price. 
  
 (iii) Forfeiture. Except as otherwise provided in the terms of the Option grant, upon termination of a Participant’s
employment with the Company and its Affiliates or 

  

 -4- 

 
membership on the Board, whichever is applicable, for any reason during the applicable Restricted Period, all Options shall be forfeited by the Participant.
The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a Participant’s Options. 
  
 (b) Phantom Units. The Committee shall have the authority to determine the Employees and Directors to whom Phantom Units shall be granted, the
number of Phantom Units to be granted to each such Participant, the Restricted Period, the conditions under which the Phantom Units may become vested or forfeited, which may include, without limitation, the accelerated vesting upon the achievement
of specified performance goals, and such other terms and conditions as the Committee may establish with respect to such Awards, including whether DERs are granted with respect to such Phantom Units. 
  
 (i) DERs. To the extent provided by the Committee, in
its discretion, a grant of Phantom Units may include a tandem DER grant, which may provide that such DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee)
subject to the same vesting restrictions as the tandem Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. 
  
 (ii) Forfeiture. Except as otherwise provided in the terms of the Phantom Units grant, upon
termination of a Participant’s employment with the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable Restricted Period, all Phantom Units shall be forfeited by the Participant.
The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a Participant’s Phantom Units. 
  
 (iii) Lapse of Restrictions. Upon or as soon as reasonably practical following the vesting of each Phantom Unit, subject to the
provisions of Section 8(b), the Participant shall be entitled to receive from the Company one Unit or cash equal to the Fair Market Value of a Unit, as determined by the Committee in its discretion. 
  
 (c) Performance Awards. The Committee is authorized to grant
Performance Awards to Participants on the following terms and conditions: 
  
 (i) Right to Payment. A Performance Award shall confer upon Participant rights, valued as determined by the Committee, and payable to, or exercisable by, the Participant to whom the Performance Award is
granted, in whole or in part, as the Committee shall establish at grant or thereafter. The performance criteria and all other terms and conditions of the Performance Award shall be determined by the Committee upon the grant of each Performance Award
or thereafter. 
  
 (ii) Other Terms. A
Performance Award may be denominated or payable in cash, deferred cash, Units, other Awards or other property, and other terms of Performance Awards shall be, as determined by the Committee. 
  

 -5- 

 (d) General. 
  
 (i) Awards May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be
granted either alone or in addition to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other
Awards or awards granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 
  
 (ii) Limits on Transfer of Awards. 
  
 (A) Except as provided in (C) below, each Option shall be
exercisable only by the Participant during the Participant’s lifetime, or by the person to whom the Participant’s rights shall pass by will or the laws of descent and distribution. 
  
 (B) Except as provided in (C) below, no Award and no right
under any such Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and
unenforceable against the Company or any Affiliate. 
  
 (C) To the extent specifically provided by the Committee with respect to an Option grant, an Option may be transferred by a Participant without consideration to immediate family members or related family trusts, limited partnerships or
similar entities or on such terms and conditions as the Committee may from time to time establish. In addition, Awards may be transferred by will and the laws of descent and distribution. 
  
 (iii) Term of Awards. The term of each Award shall be
for such period as may be determined by the Committee. 
  
 (iv) Unit Certificates. All certificates for Units or other securities of the Partnership delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as
the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Units or other securities are then listed, and any applicable federal or state laws, and the Committee
may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
  
 (v) Consideration for Grants. Awards may be granted for such consideration, including services, as the Committee determines.

  
 (vi) Delivery of Units or other Securities
and Payment by Participant of Consideration. Notwithstanding anything in the Plan or any grant agreement to the contrary, delivery of Units pursuant to the exercise or vesting of an Award may be deferred for any period during which, in the good
faith determination of the Committee, the Company is not reasonably able to obtain Units to deliver pursuant to such Award 

  

 -6- 

 
without violating the rules or regulations of any applicable law or securities exchange. No Units or other securities shall be delivered pursuant to any
Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award grant agreement (including, without limitation, any exercise price or tax withholding) is received by the Company. Such payment may be made by
such method or methods and in such form or forms as the Committee shall determine, including, without limitation, cash, cashless-broker exercises with simultaneous sale, or any combination thereof; provided that the combined value, as determined by
the Committee, of all cash and cash equivalents and the Fair Market Value of any such Units or other property so tendered to the Company, as of the date of such tender, is at least equal to the full amount required to be paid to the Company pursuant
to the Plan or the applicable Award Agreement. 
  
 SECTION 6A.
Change in Control. 
  
 (a) Awards Granted Prior to
February 3, 2003. Upon a Change in Control or such period prior thereto as may be established by the Committee, all Awards granted prior to February 3, 2003 shall automatically vest and become payable or exercisable, as the case may be, in full
and all Restricted Periods shall terminate and all performance criteria, if any, shall be deemed to have been achieved at the maximum level with respect to such Awards. 
  
 (b) Awards Granted On or After February 3, 2003, and Prior to a Change in Control. If, within two (2) years following
a Change in Control, a Participant has a Termination of Affiliation (excluding any transfer to an Affiliate of the Company) voluntarily for Good Reason or involuntarily (other than due to Cause), Awards granted on or after February 3, 2003, and
prior to a Change in Control, shall automatically vest and become payable or exercisable, as the case may be, in full, and all Restricted Periods shall terminate and all performance criteria, if any, shall be deemed to have been achieved at the
maximum level with respect to such Awards. To the extent an Option granted on or after February 3, 2003, and prior to a Change in Control, is not exercised upon a Change in Control, the Committee may, in its discretion, cancel such Award without
payment or provide for a replacement grant with respect to such property and on such terms as it deems appropriate. 
  
 (c) Definitions. For purposes of this Section 6A only, the following terms shall have the meanings set forth below: 
  
 (i) “Cause” means, unless otherwise defined
in an Award Agreement, the occurrence of any one or more of the following, as determined in the good faith and reasonable judgment of the Committee: (i) willful failure by a Participant to substantially perform his or her duties (as they existed
immediately prior to a Change of Control), other than any such failure resulting from a Disability, or (ii) gross negligence or willful misconduct of the Participant which results in a significantly adverse effect upon the Company, the Partnership,
or an Affiliate thereof, or (iii) willful violation or disregard of the code of business conduct or other published policy of the Company, the Partnership, or an Affiliate thereof by the Participant, or (iv) Participant’s conviction of a crime
involving an act of fraud, embezzlement, theft, or any other act constituting a felony or causing material harm, financial or otherwise, to the Company, the Partnership, or an Affiliate thereof. 
  

 -7- 

 (ii) “Change in Control” shall be deemed to have occurred upon the
occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Partnership or the Company to any Person or
its Affiliates, other than to WEG LLC and/or its Affiliates; (ii) the consolidation, reorganization, merger or other transaction pursuant to which more than 50% of the combined voting power of the outstanding equity interests in the Company cease to
be owned by WEG LLC and its Affiliates; or (iii) the general partner (whether the Company or any other Person) of the Partnership ceases to be an Affiliate of WEG LLC. 
  
 (iii) “Termination of Affiliation” occurs on the first day on which an individual is for
any reason no longer providing services to the Company, the Partnership, or an Affiliate thereof. 
  
 (iv) “Good Reason” means, unless otherwise defined in an Award Agreement, the occurrence, within two years following a
Change of Control and without a Participant’s prior written consent, of any one or more of the following: 
  
 (1) a material change in the Participant’s duties from those assigned to the Participant immediately prior to a Change of Control,
unless associated with a bona fide promotion of the Participant and a commensurate increase in the Participant’s compensation, in which case the Participant shall be deemed to consent; 
  
 (2) a significant reduction in the authority and
responsibility assigned to the Participant; 
  
 (3) the removal of the Participant from, or failure to reelect the Participant to, any corporate or similar office of the Company, the Partnership, or an Affiliate thereof to which the Participant may have been elected and was occupying
immediately prior to a Change of Control, unless associated with a bona fide promotion of the Participant and a commensurate increase in the Participant’s compensation or in connection with the election or appointment of the Participant to a
corresponding or higher office of the Company or any Affiliate, in each which case the Participant shall be deemed to consent; 
  
 (4) reduction of a Participant’s base salary; 
  
 (5) termination of any of the incentive compensation plans of the Partnership or the Company in which the
Participant shall be participating at the time of a Change of Control, unless such plan is replaced by a successor plan providing incentive opportunities and awards at least as favorable to the Participant as those provided in the plan being
terminated; 
  
 (6) amendment of any of the
incentive compensation plans of the Partnership or the Company in which the Participant shall be participating at the time of a Change of Control so as to provide for incentive opportunities and awards less favorable to the Participant than those
provided in the plan being amended; 
  

 -8- 

 (7) failure by the Company, the Partnership, or an Affiliate thereof to continue the
Participant as a participant in any of the Company’s or Partnership’s incentive compensation plans in which the Participant is participating immediately prior to a Change of Control on a basis comparable to the basis on which other
similarly situated employees participate in such plan; 
  
 (8) except in relation to a wage freeze applicable to all employees of the Company, the Partnership, or an Affiliate thereof, modification of the administration of any of the incentive compensation plans so as to adversely affect the level
of incentive opportunities or awards actually received by the Participant;, or 
  
 (9) a requirement by the Company, the Partnership, or an Affiliate thereof that the Participant’s principal duties be performed at a
location more than fifty (50) miles from the location where the Participant was employed immediately preceding the Change of Control, except for travel reasonably required in the performance of the Participant’s duties. 
  
 SECTION 7. Amendment and Termination. 
  
 Except to the extent prohibited by applicable law: 
  
 (a) Amendments to the Plan. Except as required by the
rules of the principal securities exchange on which the Units are traded and subject to Section 7(b) below, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner, including increasing the number of
Units available for Awards under the Plan, without the consent of any partner, Participant, other holder or beneficiary of an Award, or other Person; provided, however, that no amendment to the Plan may be made without the approval of a Unit
Majority (as defined in the Partnership Agreement) that would permit DERs to be granted prior to the end of the Subordination Period (as defined in the Partnership Agreement). 
  
 (b) Amendments to Awards. Subject to Section 7(a), the Committee may waive any conditions or rights
under, amend any terms of, or alter any Award theretofore granted, provided no change, other than pursuant to Section 7(c), in any Award shall materially reduce the benefit to Participant without the consent of such Participant. 
  
 (c) Adjustment of Awards Upon the Occurrence of Certain
Unusual or Nonrecurring Events. The Committee is hereby authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the
events described in Section 4(c) of the Plan) affecting the Partnership or the financial statements of the Partnership, or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments
are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 
  

 -9- 

 SECTION 8. General Provisions. 
  
 (a) No Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no
obligation for uniformity of treatment of Participants. The terms and conditions of Awards need not be the same with respect to each recipient. 
  
 (b) Withholding. The Company or any Affiliate is authorized to withhold from any Award, from any payment due or transfer made under any Award or
from any compensation or other amount owing to a Participant the amount (in cash, Units, other securities, Units that would otherwise be issued pursuant to such Award or other property) of any applicable taxes payable in respect of the grant of an
Award, its exercise, the lapse of restrictions thereon, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding obligations for the
payment of such taxes. In no event shall the withholding for taxes exceed that which is necessary to satisfy the employer’s minimum withholding requirements. 
  
 (c) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be
retained in the employ of the Company or any Affiliate or to remain on the Board, as applicable. Further, the Company or an Affiliate may at any time dismiss a Participant from employment, free from any liability or any claim under the Plan, unless
otherwise expressly provided in the Plan or in any Award agreement. 
  
 (d) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Delaware law without regard to its conflict of
laws principles. 
  
 (e) Severability. If any provision of
the Plan or any award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any award under any law deemed applicable by the Compensation Committee, such
provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Compensation Committee, materially altering the intent of the Plan or the Award,
such provision shall be stricken as to such jurisdiction, person or award and the remainder of the Plan and any such Award shall remain in full force and effect. 
  
 (f) Other Laws. The Committee may refuse to issue or transfer any Units or other consideration under an Award if, in
its sole discretion, it determines that the issuance or transfer or such Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Units are then traded, or entitle
the Partnership or an Affiliate to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly
refunded to the relevant Participant, holder or beneficiary. 
  

 -10- 

 (g) No Trust or Fund Created. Neither the Plan nor any award shall create or be construed to
create a trust or separate fund of any kind or a fiduciary relationship between the Company or any participating Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or
any participating Affiliate pursuant to an award, such right shall be no greater than the right of any general unsecured creditor of the Company or any participating Affiliate. 
  
 (h) No Fractional Units. No fractional Units shall be issued or delivered pursuant to the Plan or any Award, and the
Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto shall be canceled, terminated, or otherwise eliminated.

  
 (i) Headings. Headings are given to the Sections and
subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 
  
 (j) Facility Payment. Any amounts payable hereunder to any person
under legal disability or who, in the judgment of the Committee, is unable to properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of such person in any manner which the
Committee may select, and the Company shall be relieved of any further liability for payment of such amounts. 
  
 (k) Gender and Number. Words in the masculine gender shall include the feminine gender, the plural shall include the singular and the singular
shall include the plural. 
  
 SECTION 9. Term of the Plan.

  
 The Plan shall be effective on the date of its approval by
the Board and shall continue until the date terminated by the Board or Units are no longer available for the payment of Awards under the Plan, whichever occurs first. However, unless otherwise expressly provided in the Plan or in an applicable Award
Agreement, any Award granted prior to such termination, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award, shall extend
beyond such termination date. 
  

 -11-

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