Document:

EX-10.11

 Exhibit 10.11 

CIFC CORP. 

2011 STOCK OPTION AND INCENTIVE PLAN 

STOCK OPTION AWARD CERTIFICATE 

This Stock Option Award Certificate (“Agreement”) is made effective June 13, 2014 (the “Grant
Date”), and is between CIFC Corp., a Delaware corporation (the “Company”), and Oliver Wriedt (the “Participant”). Any term capitalized but not defined in this Agreement will have the meaning set forth in
the CIFC Corp. 2011 Stock Option and Incentive Plan, as amended from time to time (the “Plan”). 
 1. Option
Grant. In accordance with the terms of the Plan and subject to the terms and conditions of this Agreement, the Company hereby grants to the Participant an option to purchase all or any part of an aggregate of 200,000 of the Company’s shares
of Stock (the “Option”). The Participant may exercise this Option prior to the expiration of its term only after it has become exercisable in accordance with the provisions of Section 4. This Option is a nonqualified option and
is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. 

2. Exercise Price. The exercise price will be $8.81 per share of Stock (the “Exercise Price”), which is equal to the
closing trading price of the Company’s Stock on the Grant Date. 
 3. Payment of Exercise Price. The Participant must pay the
Exercise Price for any portion of the Option exercised at the time of purchase: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to the ownership) of
shares of Stock that are owned by the Participant and that are not then subject to restrictions under any Company plan, which surrendered shares shall be valued at Fair Market Value on the exercise date; or (iii) by the Participant delivering
to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price; provided that in the event the
Participant chooses to pay the purchase price as so provided, the Participant and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of
such payment procedure. The Company shall use best efforts to permit the Participant to pay such Exercise Price by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon exercise
by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate Exercise Price. 
 (a) Payment instruments
will be received subject to collection. The transfer to the Participant on the records of the Company or of the transfer agent of the shares of Stock to be purchased pursuant to the exercise of an Option will be contingent upon receipt from the
Participant (or a purchaser acting in his or her stead in accordance with the provisions of the Option) by the Company of the full purchase price for such shares and the fulfillment of any other requirements contained in this Agreement or applicable
provisions of laws (including the satisfaction of any withholding taxes that the Company is obligated to withhold with respect to the Participant). 

 (b) In the event the Participant chooses to pay the purchase price by previously-owned shares of
Stock through the attestation method, the number of shares of Stock transferred to the Participant upon the exercise of the Option shall be net of the number of attested shares. In the event that the Company establishes, for itself or using the
services of a third party, an automated system for the exercise of Options, such as a system using an internet website or interactive voice response, then the paperless exercise of the Option may be permitted through the use of such an automated
system. 
 (c) Each Participant shall, no later than the date as of which the value of any Stock or other amounts received hereunder first
becomes includable in the gross income of the Participant for Federal income tax purposes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment of, any Federal, state, or local taxes of any kind required by
law to be withheld by the Company with respect to such income. The Company and its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Participant. The
Company’s obligation to deliver evidence of book entry (or stock certificates) to any Participant is subject to and conditioned on tax withholding obligations being satisfied by the Participant. 

(d) Subject to approval by the Administrator, the Participant may elect to have the Company’s minimum required tax withholding obligation
satisfied, in whole or in part, by authorizing the Company to withhold from shares of Stock to be issued pursuant to exercise of an Option a number of shares with an aggregate Fair Market Value (as of the date the withholding is effected) that would
satisfy the withholding amount due. 
 4. Term and Exercise of the Option. 

(a) The Option will expire on the tenth anniversary of the Grant Date (the “Expiration Date”). 

(b) Except as provided in Section 6, the Option shall become exercisable in installments as follows: 

(i) one-fourth (1/4) of the Option shall become exercisable on January 1, 2015, if the Participant has remained in
continuous Service until that date; and 
 (ii) an additional one-sixteenth (1/16) of the Option shall become
exercisable on each of the next twelve quarterly anniversaries, with the first quarterly installment vesting on the date that is one year and 3 months from January 1, 2015, if the Participant has remained in continuous Service until such dates.

 (c) “Service” means the provision of services in the capacity of (i) an employee of the Company or its
Subsidiaries, (ii) a non-employee member of the Company’s Board or the board of directors of a Subsidiary, or (iii) a consultant or other independent advisor to the Company or its Subsidiaries. 

5. Shares Subject to Holding Period. Upon exercise of the Option, 50% of the shares of Stock acquired by the Participant (net of shares
used to satisfy tax withholding obligations and/or the Option Exercise Price) shall be subject to a holding period during which 

  
 2 

 
the Participant may not transfer, sell or otherwise dispose of such shares of Stock, lasting until the earlier of (i) the fifth anniversary of the Grant Date or (ii) 6 months after the
Participant’s termination of Service. Notwithstanding the foregoing, if the Participant terminates his or her Service upon his or her death, disability, Qualified Retirement or in connection with a Sale Event (each as described in
Section 6) or if the Participant’s Service is terminated as described in Section 6(b) or Section 6(c), then the holding period shall expire upon such termination of Service. The Company reserves the right to enforce the holding
period by any reasonable means that it deems advisable. 
 6. Termination of Service. 

(a) Termination of Service upon Death, Disability or Qualified Retirement. Upon termination of Service due to the Participant’s
death, disability or Qualified Retirement, (i) the Participant will receive accelerated vesting with respect to any shares underlying the Option that would have vested in the 24 month period following the termination and (ii) any remaining
holding periods will be waived. The vested portion of the Option will remain exercisable following the Participant’s termination of Service due to death, disability or Qualified Retirement for the remainder of the 10 year Option term, subject
to Section 3 of the Plan. The Participant will forfeit any unvested shares underlying the Option that would have vested after the expiration of the 24 month period following his or her death, disability or Qualified Retirement. 

(i) “Qualified Retirement” means the Participant’s voluntary termination of Service after reaching age 65
and completing 10 years of service with the Company, its Subsidiaries or predecessors. 
 (b) Termination of Service by the Company
Without Cause or Termination of Service by the Participant for Good Reason. Upon any termination of Service by the Company without Cause or by the Participant for Good Reason, the Participant will forfeit any unvested shares underlying the
Option. The vested portion of the Option will remain exercisable for a period of 90 days following a termination of Service by the Company without Cause or by the Participant for Good Reason. Any shares of Stock acquired through exercise of the
Option award that are subject to the holding period will remain subject to the holding period requirement for a period of 6 months following such termination of Service. 

(i) “Cause” means: 

(A) the breach by the Participant of any of the restrictive covenant provisions contained in Section 7 of this Agreement;

 (B) the Participant’s commission of a felony or violation of any law involving moral turpitude, dishonesty,
disloyalty or fraud; 
 (C) any failure by the Participant to substantially comply with any written rule, regulation, policy
or procedure of the Company or its Subsidiaries applicable to the Participant, which noncompliance could reasonably be expected to have a material adverse effect on the business of the Company or any Subsidiary; 

  
 3 

 (D) any failure by the Participant to comply with the Company’s or its
Subsidiaries’ policies with respect to insider trading applicable to the Participant; 
 (E) a willful material
misrepresentation at any time by the Participant to any member of the Board or any director or superior executive officer of the Company or its Subsidiaries; 

(F) the Participant’s willful failure or refusal to comply with any of his or her material obligations hereunder or a
reasonable and lawful instruction of the Board or the person to whom the Participant reports; or 
 (G) commission by the
Participant of any act of fraud or gross negligence in the course of his or her Service hereunder or any other action by the Participant, in either case that is determined to be materially detrimental to the Company or any of its Subsidiaries (which
determination, in the case of gross negligence or such other action, shall be made by the Administrator in its reasonable discretion); 

provided that, except for any willful or grossly negligent acts or omissions, the commission of any act or omission described in clause
(A) or (C) that is capable of being cured shall not constitute Cause hereunder unless and until the Participant, after written notice from the Company to him specifying the circumstances giving rise to Cause under such clause, shall have
failed to cure such act or omission to the reasonable satisfaction of the Administrator within 10 business days after such notice; and 

provided further, that the Participant’s Service shall be deemed to have terminated for Cause if, after the Participant’s Service has
terminated, facts and circumstances are discovered that would have justified a termination for Cause. 
 (ii) “Good
Reason” shall mean, without the Participant’s consent, the occurrence of any of the following events: 
 (A) a
material reduction in the Participant’s base salary; 
 (B) a material adverse change in the Participant’s
responsibilities; or 
 (C) any requirement that the Participant be based anywhere more than 50 miles outside the city
limits of New York, NY. 
 Notwithstanding the foregoing, “Good Reason” shall not exist with respect to the matters set forth in
clauses (A), (B) or (C) above unless, after written notice from the Participant to the Administrator specifying the circumstances giving rise to Good Reason under such clause, the Company shall fail to cure the circumstances giving rise to
Good Reason to the reasonable satisfaction of the Participant within 10 business days after such notice. 

  
 4 

 (c) Voluntary Termination of Service by the Participant Without Good Reason. Upon any
termination of Service by the Participant without Good Reason, the Participant will forfeit any unvested shares underlying the Option. The vested shares underlying the Option will remain exercisable for a period of 30 days following a voluntary
termination by the Participant without Good Reason. Any shares of Stock acquired through exercise of the Option award that are subject to the holding period will remain subject to the holding period requirement for a period of 6 months following
such termination of Service. 
 (d) Termination of Service by the Company for Cause. Upon any termination of Service by the Company
for Cause, the Participant will forfeit the unexercised Option, whether or not vested. In addition, the Company, at its option, will have the right to repurchase shares held by the Participant that were acquired through exercise of the Option award
at the lower of current Fair Market Value or the Exercise Price. 
 (e) Termination of Service by the Company in Connection with a Change
in Control (i.e., a “Sale Event”). 
 (i) If the Participant either (A) is terminated by the Company
without Cause 6 months prior to the effective date of a Sale Event or at any time thereafter, or (B) resigns for Good Reason 6 months prior to the effective date of a Sale Event or at any time thereafter, the Participant will receive
accelerated vesting of his or her Option and any remaining holding periods will be waived upon termination (or, if later, upon the effective date of a Sale Event). The Option will remain exercisable following the Participant’s termination of
Service due to a Sale Event for the remainder of the Option term, subject to Section 3 of the Plan. 
 (ii)
“Sale Event” shall mean: 
 (A) the sale of all or substantially all of the assets of the Company on a
consolidated basis to an unrelated person or entity; 
 (B) a merger, reorganization or consolidation pursuant to which the
largest holder of the Company’s outstanding voting power immediately prior to such transaction cease to be the largest owner of outstanding voting power of the resulting or successor entity (or its ultimate parent, if applicable) immediately
upon completion of such transaction; 
 (C) the sale of all of the Stock of the Company to an unrelated person or entity; or

 (D) any other transaction in which the largest owner of the Company’s outstanding voting power prior to such
transaction ceases to be the largest owner of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction. 

The execution of a binding agreement providing for any of (A) through (D) above, or pursuant to which a third party has the right to
cause any of (A) through (D) above, shall also constitute a Sale Event. 

  
 5 

 7. Confidentiality, Competition, and Nonsolicitation. 

(a) Nondisclosure and Nonuse of Confidential Information. The Participant shall not disclose or use at any time, either during the
Participant’s Service or thereafter, any Confidential Information (as defined below) of which the Participant is or becomes aware, whether or not such information is developed by the Participant, except to the extent that such disclosure or use
is directly related to and required by the Participant’s performance of duties assigned to the Participant by the Company or its Subsidiaries. The Participant shall take all appropriate steps to safeguard Confidential Information and to protect
it against disclosure, misuse, espionage, loss and theft. For purposes of this Agreement, the term “Confidential Information” is defined to include all proprietary information or data relating to the business of Company or its
Subsidiaries to which the Participant has access and/or learns prior to or during the Participant’s Service, including business and financial information; new product development; formulas, identities of and information concerning clients,
vendors and suppliers; development, expansion and business strategies, plans and techniques; computer programs, devices, methods, techniques, processes and inventions; research and development activities; compilations and other materials developed
by or on behalf of the Company or its Subsidiaries (whether in written, graphic, audio-visual, electronic or other media, including computer software). Confidential Information also includes information of any third party doing business with the
Company or its Subsidiaries that such third party identifies as being confidential or that is subject to a confidentiality agreement with such third party. Confidential Information shall not include any information that is in the public domain or
otherwise publicly available (other than as a result of a wrongful act of the Participant or an agent or other employee of the Company or its Subsidiaries, including a breach of this Section 7(a)). 

(b) Non-Competition. The Participant acknowledges and agrees that (i) in the course of the Participant’s Service the
Participant shall become familiar with the trade secrets of the Company and its Subsidiaries and with other Confidential Information concerning the Company or its Subsidiaries, (ii) the Participant’s services to the Company or its
Subsidiaries are unique in nature and of an extraordinary value to the Company and its Subsidiaries, and (iii) the Company and its Subsidiaries could be irreparably damaged if the Participant were to provide similar services to any person or
entity competing with the Company or its Subsidiaries or engaged in a similar business, in a capacity of employee, member, partner, shareholder, officer or director. In connection with the grant to the Participant of the Option hereunder, and in
consideration for and as an inducement to the Company to enter into this Agreement, the Participant covenants and agrees that during the period beginning on the Grant Date and ending on either (A) in the event Participant is terminated by the
Company without Cause or the Participant resigns for Good Reason, the date of the termination of the Participant’s Service, or (B) in the event the Participant’s Service is terminated for any other reason, the date that is 12 months from
the date of the termination of the Participant’s Service (the “Restricted Period”), the Participant shall not, directly or indirectly, either for himself or herself or for or through any other person, participate in any
business or enterprise anywhere in the United States that involves the ownership, management, operation or control of any investment fund or other investment vehicle that is (at the time of the Participant’s termination of Service) or becomes
during the term of the Restricted Period engaged in a business with a strategy substantially similar to that of the Company or its Subsidiaries (each a “Competing Business”). Without limiting the generality of the foregoing, the
Participant agrees that, during the Restricted Period, the Participant shall not 

  
 6 

 
compete against the Company or its Subsidiaries by soliciting any customer or prospective customer of the Company or its Subsidiaries with whom the Company or its Subsidiaries had any business
dealings or contracts. The Participant agrees that this covenant is reasonable with respect to its duration, geographical area and scope. For purposes of this Agreement, the term “participate in” means (i) having any direct or
indirect interest in any entity, whether as a sole proprietor, owner, member, shareholder, partner, joint venture, creditor or otherwise, or (ii) rendering any direct or indirect service or assistance to any person or entity (whether as a
director, officer, manager, supervisor, employee, agent, consultant or otherwise) in a capacity where there is a reasonable possibility that Participant may, intentionally or inadvertently, use or rely upon Confidential Information and/or in a
capacity that is similar to the capacity Participant was in, where Participant provides services that are similar to the services Participant provided, or with responsibilities that are similar to the responsibilities Participant had, in each case,
when Participant was employed by the Company or any of its Subsidiaries; provided, however, that Participant shall violate this Section 7(b) if at any time during the term of Participant’s employment with the Company or its Subsidiaries,
Participant becomes employed in any capacity by, or becomes associated in any way with, a Competing Business. Notwithstanding the foregoing, the mere ownership by Participant of up to two percent (2%) of the outstanding stock of any class that
is publicly traded, standing alone, shall not violate this provision. 
 (c) Nonsolicitation. The Participant may not, during his or
her Service and for a period of one year following his or her termination of Service, directly or indirectly (i) induce any employee, director or consultant of the Company or any of its Subsidiaries to end his or her relationship with the
Company for the purpose of associating with any Competing Business, (ii) induce any clients or business associates of the Company or its Subsidiaries to terminate or diminish its relationship with the Company or its Subsidiaries, or
(iii) solicit or hire, or facilitate in any way the solicitation or hiring of, any individual that the Participant knows is currently or was associated with the Company or its Subsidiaries in the preceding 12 months, unless such
individual’s employment or association was terminated by the Company or its Subsidiaries, provided that nothing in this paragraph shall prohibit the Participant from hiring any employee of the Company or any of its Subsidiaries that is
responding to a job opportunity advertisement directed to the general public rather than targeting any employee of the Company or its Subsidiaries. 

(d) Non-disparagement. The Participant agrees not to make any communication to any third party (including, without limitation, any
client (including potential clients) or employee of the Company or its Subsidiaries) that would, or is reasonably likely to, disparage, create a negative impression of, or in any way be harmful to the business or business reputation of the Company
or its Subsidiaries or their respective successors and assigns, and the then current and former officers, directors, shareholders, partners, members, employees, agents and consultants (or person acting in a similar capacity) of each of the
foregoing. 
 (e) Judicial Modification. If the final judgment of a court of competent jurisdiction declares that any term or
provision of this Section 7 is invalid or unenforceable, the parties agree that (i) the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or geographic area of the term or
provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the

  
 7 

 
intention of the invalid or unenforceable term or provision, (ii) the parties shall request that the court exercise that power, and (iii) this Agreement shall be enforceable as so
modified after the expiration of the time within which the judgment or decision may be appealed. 
 (f) Remedy for Breach. In
addition to the remedies available to the Company under this Agreement upon a breach or threatened breach of any of the covenants contained in this Section 7 (including termination of the Participant’s Service for Cause as described in
Section 6), the Company shall also have and seek enforcement of any other penalties or restrictions that may apply under any employment agreement, state law, or otherwise. 

8. Option Transfer and Exercise. 

(a) Except as provided in subsection (c) below, the Participant may not sell, transfer, pledge, assign or otherwise alienate or
hypothecate the Option. 
 (b) Except as provided in subsection (c) below, during the Participant’s lifetime and subject to the
terms of this Agreement and the Plan, only the Participant or his or her guardian or legal representative may exercise the Option. The Administrator may, in its discretion, require a guardian or legal representative to supply it with the evidence
the Administrator reasonably deems necessary to establish the authority of the guardian or legal representative to exercise the Option on behalf of the Participant or transferee, as the case may be. 

(c) The Option shall not be assignable or transferable except by will, the laws of descent and distribution or pursuant to a domestic
relations order in settlement of marital property rights; provided that the Administrator may permit (on such terms and conditions as it shall establish) the Participant to transfer an Option for no consideration to the Participant’s child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing
the Participant’s household (other than a tenant or employee), a trust in which these persons have all of the beneficial interest and any other entity in which these persons (or the Participant) own all of the voting interests
(“Permitted Transferees”). Except to the extent required by law, no right or interest of any Participant shall be subject to any lien, obligation or liability of the Participant. All rights with respect to Options granted to the
Participant under the Plan shall be exercisable during the Participant’s lifetime only by the Participant or, if applicable, his or her Permitted Transferee(s). The rights of a Permitted Transferee shall be limited to the rights conveyed to
such Permitted Transferee, who shall be subject to and bound by the terms of the Agreement between the Participant and the Company. 
 9.
Securities Law Requirements. If at any time the Administrator determines that exercising the Option or issuing shares of Stock would violate applicable securities laws, the Option will not be exercisable, and the Company will not be required
to issue shares of Stock. The Administrator may declare any provision of this Agreement or action of its own null and void, if it determines the provision or action fails to comply with the short-swing trading rules. As a condition to exercise, the
Company may require the Participant to make written representations it deems necessary or desirable to comply with applicable securities laws. 

  
 8 

 10. No Obligation to Exercise Option. Neither the Participant nor his or her transferee is
or will be obligated by the grant of the Option to exercise it. 
 11. No Limitation on Rights of the Company. The grant of the
Option does not and will not in any way affect the right or power of the Company to make adjustments, reclassifications or changes in its capital or business structure, or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part
of its business or assets. 
 12. Plan and Agreement Not a Contract of Employment or Service. Neither the Plan nor this Agreement is
a contract of employment, and no terms of the Participant’s Service will be affected in any way by the Plan, this Agreement or related instruments, except to the extent specifically expressed therein. Neither the Plan nor this Agreement will be
construed as conferring any legal rights on the Participant to continue to be employed or remain in service with the Company, nor will it interfere with the Company’s or its Subsidiaries’ right to discharge the Participant or to deal with
him or her regardless of the existence of the Plan, this Agreement or the Option. 
 13. Participant to Have No Rights as a Common
Shareholder. Before the date as of which he or she is recorded on the books of the Company as the holder of any shares of Stock underlying the Option, the Participant will have no rights as a shareholder with respect to those shares of Stock.

 14. Legend on Certificates. The certificates representing the shares of Stock purchased by exercise of an Option shall be subject
to such stop transfer orders and other restrictions as the Administrator may deem reasonably advisable under the Plan (including, but not limited to, in connection with the enforcement of the holding period described in Section 5 of this
Agreement) or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such shares of Stock are listed, any applicable federal or state laws and the Company’s certificate of
incorporation and bylaws, and the Administrator may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

15. Notice. Any notice or other communication required or permitted under this Agreement must be in writing and must be delivered
personally, sent by certified, registered or express mail, or sent by overnight courier, at the sender’s expense. Notice will be deemed given when delivered personally or, if mailed, three (3) days after the date of deposit in the mail or,
if sent by overnight courier, on the regular business day following the date sent. Notice to the Company should be sent to CIFC Corp., 250 Park Avenue, 5th Floor, New York, NY 10177. Notice to the Participant should be sent to the address set forth
on the signature page below. Either party may change the address to whom the other party must give notice under this Section by giving such other party written notice of such change, in accordance with the procedures described above. 

16. Successors. All obligations of the Company under this Agreement will be binding on any successor to the Company, whether the
existence of the successor results from a direct or indirect purchase of all or substantially all of the business of the Company, or a merger, consolidation, or otherwise. 

  
 9 

 17. Governing Law. To the extent not preempted by federal law, this Agreement will be
construed and enforced in accordance with, and governed by, the laws of the State of New York, without giving effect to its conflicts of law principles that would require the application of the law of any other jurisdiction. 

18. Plan Document Controls. The rights granted under this Agreement are in all respects subject to the provisions set forth in the Plan
to the same extent and with the same effect as if set forth fully in this Agreement. If the terms of this Agreement conflict with the terms of the Plan document, the Plan document will control. 

19. Amendment of the Agreement. The Company and the Participant may amend this Agreement only by a written instrument signed by both
parties. 
 20. Counterparts. The parties may execute this Agreement in one or more counterparts, all of which together shall
constitute but one Agreement. 
 [signature page follows] 

  
 10 

 IN WITNESS WHEREOF, the Company and the Participant have duly executed this Agreement as of the
date first written above. 
  

							
	CIFC Corp.
		 		 		 	 /s/    Oliver
Wriedt        

		 		 		 	(Participant’s Signature)
	By:	 	 /s/ Robert C. Milton III
	 		 	
	Its:	 	General Counsel and Secretary	 		 	Participant’s Name and Address for notices
				
		 		 		 	Oliver Wriedt
				
		 		 		 	  

				
		 		 		 	  

 OPTION EXERCISE FORM 

The undersigned holder of an Option to purchase shares of Stock of CIFC Corp. pursuant to a Stock Option Award Agreement under its 2011 Stock
Option and Incentive Plan hereby exercises his/her Option to purchase                  of such shares of Stock, at the Exercise Price of
$         per share, in accordance with the terms and conditions of such Stock Option Award Agreement. 
  

	
	Date of Exercise
	
	  

  

	
	  

	Signature of Person Exercising Option

 Please type or print legibly your name, as you want it to appear on your stock certificate, your address
and your social security number in the space provided below. 
  

					
	Name:	 	
		
	Address:	 	  

					
	
	  

	
	  

	(City)	 	     (State)	 	     (Zip Code)

					
		
	Social Security Number:EX-10.1

 Exhibit 10.1 
  

 
 THE NASDAQ OMX GROUP, INC. EQUITY INCENTIVE PLAN 

(as amended and restated May 7, 2014) 
  

 

 THE NASDAQ OMX GROUP, INC. EQUITY INCENTIVE PLAN 

(AS AMENDED AND RESTATED MAY 7, 2014) 

TABLE OF CONTENTS 
  

					
	 SECTION 1. Introduction and Purpose
	  	 	3	  
		
	 SECTION 2. Definitions
	  	 	3	  
		
	 SECTION 3. Administration
	  	 	7	  
		
	 SECTION 4. Shares Available for Awards
	  	 	8	  
		
	 SECTION 5. Eligibility
	  	 	9	  
		
	 SECTION 6. Stock Options
	  	 	9	  
		
	 SECTION 7. Stock Appreciation Rights
	  	 	11	  
		
	 SECTION 8. Restricted Stock And Restricted Stock Units
	  	 	13	  
		
	 SECTION 9. Other Stock-Based Awards
	  	 	14	  
		
	 SECTION 10. Performance Compensation Awards
	  	 	15	  
		
	 SECTION 11. Termination of Employment/Service
	  	 	16	  
		
	 SECTION 12. Change in Control
	  	 	16	  
		
	 SECTION 13. Amendment and Termination
	  	 	18	  
		
	 SECTION 14. General Provisions
	  	 	19	  
		
	 SECTION 15. Company Right to Cancel Awards
	  	 	22	  
		
	 SECTION 16. Term of the Plan
	  	 	22	  

  
 2 

 The NASDAQ OMX Group, Inc. Equity Incentive Plan 

(as amended and restated as of May 7, 2014) 

SECTION 1. Introduction and Purpose 
 The
purposes of The NASDAQ OMX Group, Inc. Equity Incentive Plan (the “Plan”) are to promote the interests of The NASDAQ OMX Group, Inc. (the “Company”) and its stockholders by (i) attracting and retaining key employees,
consultants and non-employee directors of the Company and its Affiliates; (ii) motivating such individuals by means of performance-related incentives to achieve long-range performance goals, (iii) enabling such individuals to participate
in the long-term growth and financial success of the Company and (iv) linking compensation to the long-term interests of stockholders. 

The Plan was originally established effective as of December 5, 2000 as the Nasdaq Stock Market, Inc. Equity Incentive Plan with an
initial term of ten years. The Plan has been subsequently amended on several occasions, including to rename the Plan as “The NASDAQ OMX Group, Inc. Equity Incentive Plan.” As of May 27, 2010, the Plan was amended and restated and
approved by the stockholders of the Company at the annual meeting on such date with the most recent amendment being Amendment No. 2013-1. The Plan is hereby amended and restated, effective as of the Amendment Effective Date. 

SECTION 2. Definitions 
 As used in the
Plan, the following terms shall have the meanings set forth below: 
 (a) “Affiliate” shall mean (i) a Subsidiary of the
Company as determined by the Committee, (ii) any other entity or Person or group of Persons that, in the determination of the Committee, is controlled by the Company, (ii) any entity in which the Company has a significant equity interest
as determined by the Committee, and (iii) an affiliate of the Company, as defined in Rule 12b-2 promulgated under Section 12 of the Exchange Act, as determined by the Committee. 

(b) “Amendment Effective Date” shall mean May 7, 2014 subject to approval of the Plan at the annual meeting of
stockholders of the Company held on such date. 
 (c) “Award” shall mean any Option, Stock Appreciation Right (SAR),
Restricted Stock, Restricted Stock Unit, Other Stock-Based Award or Performance Compensation Award granted under the Plan. 

(d) “Award Agreement” shall mean any written agreement, contract, certificate or other instrument or document evidencing any
Award, which may, in the discretion of the Company, be transmitted electronically to any Participant, but need not be executed or acknowledged by a Participant. 

(e) “Board” shall mean the Board of Directors of the Company. 

(f) “Cause” shall mean, unless otherwise defined in the applicable Award Agreement or an employment agreement between the
Participant and the Company, (i) the engaging by the Participant in willful misconduct that is injurious to the Company or its Affiliates, (ii) the embezzlement or misappropriation of funds or property of the Company or its Affiliates by
the Participant, (iii) the conviction of the Participant of a felony or the entrance of a plea of guilty or nolo contendere by the Participant to a felony, (iv) the willful failure or refusal by the Participant to substantially perform his
or her duties or responsibilities that continues after being brought to the attention of the Participant (other than any such failure resulting from the Participant’s incapacity due to Disability), (v) the violation by the Participant of
any restrictive covenants entered into between the Participant and the Company, (vi) the violation by the Participant of the Company’s Guidelines for Appropriate Conduct as described in the Company’s Employee Handbook, or the
Company’s Code of Conduct or (vii) the engaging by the Participant in any crime involving a material element of fraud or dishonesty. Any determination of Cause shall be made by the Committee in its sole discretion. Any such determination
shall be final and binding on a Participant. 
 (g) “Change in Control” means the first to occur of any one of the events set
forth in the following paragraphs: 
 (i) any “Person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act
(other than (A) the Company, (B) any trustee or other fiduciary holding securities under an employee benefit plan of 

  
 3 

 
the Company, (C) any entity owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of Shares, and (D) the Financial
Industry Regulatory Authority), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly (not including any securities acquired directly (or through an underwriter) from the Company or
its Affiliates), of 25% or more of the Company’s then outstanding Shares; 
 (ii) the following individuals cease for any reason
to constitute a majority of the number of directors then serving on the Board: individuals who, on the effective date (as provided in Section 16(a) of the Plan), were members of the Board and any new director (other than a director whose
initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or
nomination for election by the Company’s stockholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the effective date of the Plan or whose
appointment, election or nomination for election was previously so approved or recommended; 
 (iii) there is consummated a merger or
consolidation of the Company with any other entity or the Company issues Shares in connection with a merger or consolidation of any direct or indirect subsidiary of the Company with any other entity, other than (A) a merger or consolidation
that would result in the Shares of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or parent entity) more than 50% of the
Company’s then outstanding Shares or 50% of the combined voting power of such surviving or parent entity outstanding immediately after such merger or consolidation or (B) a merger or consolidation effected to implement a recapitalization
of the Company (or similar transaction) in which no “Person” (as defined below), directly or indirectly, acquired 25% or more of the Company’s then outstanding Shares (not including any securities acquired directly (or through an
underwriter) from the Company or its Affiliates); or 
 (iv) the stockholders of the Company approve a plan of complete liquidation of
the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect), other than a sale or disposition by the Company of all
or substantially all of the Company’s assets to an entity, at least 50% of the combined voting power of the voting securities of which are owned directly or indirectly by stockholders of the Company in substantially the same proportions as
their ownership of the Company immediately prior to such sale. 
 (h) “Code” shall mean the Internal Revenue Code of 1986, as
amended from time to time, or any successor thereto. 
 (i) “Committee” shall mean a committee of the Board designated by the
Board to administer the Plan. From and after the time that the Shares are registered pursuant to Section 12 under the Exchange Act, unless otherwise determined by the Board, the Committee shall be composed of not less than the minimum number of
persons from time to time required by Section 16 and Section 162(m), each of whom, to the extent necessary to comply with Section 16 and Section 162(m) only, is a “Non-Employee Director” and an “Outside
Director” within the meaning of Section 16 and Section 162(m), respectively, and the minimum number, if any, required by listing standards of The NASDAQ Stock Market. 

(j) “Disability” shall mean, unless otherwise defined in the applicable Award Agreement or an employment agreement between the
Participant and the Company, a disability that would qualify as such under the Company’s then current long-term disability plan. 

(k) “Eligible Recipient” shall mean an officer, employee, consultant, advisor or non-employee director of the Company or of any
Affiliate. 
 (l) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

(m) “Fair Market Value” with respect to the Shares, as of any date, shall mean the fair market value thereof as of the relevant
date of determination, as determined in accordance with a valuation methodology approved by the Committee in good faith and in accordance with Code Section 409A and other laws to the extent applicable; provided however, that if the Committee
has not specified otherwise, Fair Market Value with respect to Shares, as of any date, shall mean the closing sale price at the regular trading session reported for such Shares on The NASDAQ Stock Market on such date or, if no closing sale price is
reported on such date, the closing sale price reported on the next succeeding date on which a closing sale price is reported. 

  
 4 

 (n) “Incentive Stock Option” shall mean an option to purchase Shares from the
Company that is granted under Section 6 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

(o) “Negative Discretion” shall mean the discretion authorized by the Plan to be applied by the Committee to eliminate or
reduce the size of a Performance Compensation Award in accordance with Section 10(d)(iv) of the Plan; provided, that the exercise of such discretion would not cause the Performance Compensation Award to fail to qualify as
“performance-based compensation” under Section 162(m) of the Code. 
 (p) “Non-Qualified Stock Option” shall
mean an option to purchase Shares from the Company that is granted under Section 6 of the Plan and that is not intended to be an Incentive Stock Option. 

(q) “Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 

(r) “Other Stock-Based Award” shall mean any award granted under Section 9 of the Plan. 

(s) “Parent” shall have the meaning set forth in Section 424(e) of the Code. 

(t) “Participant” shall mean any Eligible Recipient who receives an Award under the Plan. 

(u) “Person” shall mean any individual, corporation, partnership, association, joint-stock company, trust, unincorporated
organization, government or political subdivision thereof or other entity. 
 (v) “Performance Compensation Award” shall mean
any Award designated by the Committee as a Performance Compensation Award pursuant to Section 10 of the Plan. 

(w) “Performance Criteria” shall be measured in terms of one or more of the following performance measures: 

 

	 	(i)	Earnings before interest and taxes; 

  

	 	(ii)	Earnings before interest, taxes, depreciation and amortization; 

  

	 	(iii)	Earnings per Share; 

  

	 	(iv)	Operating income, net income, net income from operations, revenues, net revenues or net exchange revenues (before or after taxes, and which may take into account or exclude the effect of non-recurring or extraordinary
charges and/or expenses); 

  

	 	(v)	Operating or profit margin or net profit (before or after taxes, and which may take into account or exclude the effect of non-recurring or extraordinary charges and/or expenses); 

 

	 	(vi)	Revenue growth; 

  

	 	(vii)	Share price or total shareholder return; 

  

	 	(viii)	Market share; 

  

	 	(ix)	Return measures (including without limitation return on assets or net assets, capital, revenue, net revenue, income or net income); 

  

	 	(x)	Cash flow (including without limitation operating cash flow and/or free cash flow); 

  

	 	(xi)	Adherence to budget or expense targets; 

  

	 	(xii)	Planning accuracy (as measured by comparing planned results to actual results); 

  
 5 

	 	(xiii)	Objectively determinable effectiveness, efficiency, business retention/expansion, business support or other operational or support goals; and 

 

	 	(xiv)	Business effectiveness survey results or objectively determinable employee engagement or development goals. 

Any Performance Criterion or Criteria may be used to measure the performance of the Company as a whole or any business unit, division,
department or function of the Company or any Affiliate, either individually, alternatively or in any combination and measured over a period of time including any portion of a year, annually or cumulatively over a period of years, calculated based on
U.S. generally accepted accounting principles (GAAP) or on a non-GAAP basis, and on an absolute basis or relative to a previous year’s or period’s results or a designated comparison group on company or stock market index. 

(x) “Performance Formula” shall mean, for a Performance Period, the one or more objective formulas applied against the relevant
Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period. 

(y) “Performance Goals” shall mean, for a Performance Period, the one or more goals established by the Committee for the
Performance Period based upon the Performance Criteria. For the avoidance of doubt, such one or more goals so established by the Committee may, as determined by the Committee, and with respect to such Performance Criteria, be measured (A) with
respect to the Company itself (including the growth or improvement in such Performance Criteria) or (B) relative to other companies or to an index. The Committee is authorized, in its sole and absolute discretion, to adjust or modify the
calculation of a Performance Goal for such Performance Period to the extent permitted under Section 162(m) of the Code to include or exclude the effect of any one or more of the following events or occurrences that occur during a Performance
Period: 
  

	 	(i)	asset write-downs; 

  

	 	(ii)	significant litigation or claim judgments or settlements; 

  

	 	(iii)	the effect of changes in tax laws, accounting standards or principles, or other laws or regulatory rules affecting reported results; 

 

	 	(iv)	any reorganization and restructuring programs, including without limitation the internal restructuring of departments or units or functions within the Company that significantly affect expense and/or budget targets upon
which a Performance Goal is based; 

  

	 	(v)	extraordinary nonrecurring items as described in Accounting Standard Codification Topic 225 (formerly Statement of Financial Accounting Standards 145)(or any successor pronouncement thereto) and/or in management’s
discussion and analysis of financial condition and results of operations appearing in the Company’s annual report to stockholders for the applicable year or period; 

 

	 	(vi)	acquisitions, divestitures or sales of significant assets; 

  

	 	(vii)	any other specific unusual or nonrecurring events, or objectively determinable category thereof; 

  

	 	(viii)	foreign exchange gains and losses; and 

  

	 	(ix)	a change in the Company’s fiscal year. 

 (z) “Performance Period” shall
mean the one or more periods of time, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment of a Performance Compensation
Award. 
 (aa) “Restatement Effective Date” shall mean May 27, 2010. 

  
 6 

 (bb) “Restricted Stock” shall mean any Share granted under Section 8 of the
Plan. 
 (cc) “Restricted Stock Unit” shall mean any unit granted under Section 8 of the Plan. 

(dd) “Retirement” shall mean, unless otherwise defined in the applicable Award Agreement or an employment agreement between the
Participant and the Company, the Participant’s Separation from Service due to retirement on or after such date as the Participant has both attained the age of 55 years and has 10 years of employment with the Company. For the avoidance of doubt,
Separation from Service “due to retirement” does not include an involuntary Separation from Service, whether for Cause or otherwise. 

(ee) “Stock Appreciation Unit” shall mean any unit granted under Section 7 of the Plan. 

(ff) “SEC” shall mean the Securities and Exchange Commission or any successor thereto and shall include the staff thereof. 

(gg) “Section 16” shall mean Section 16 of the Exchange Act and the rules promulgated thereunder and any successor
provision thereto as in effect from time to time. 
 (hh) “Section 162(m)” shall mean Section 162(m) of the Code and the
rules promulgated thereunder or any successor provision thereto as in effect from time to time. 
 (ii) “Separation from
Service” shall mean (i) with respect to an Eligible Recipient who is an employee of the Company or an Affiliate, the termination of his employment with the Company or Affiliate and all Affiliates that constitutes a “separation from
service” within the meaning of Treas. Reg. Section 1.409A-1(h)(1), or (ii) with respect to an Eligible Recipient who is a consultant or advisor to the Company or an Affiliate, the date on which expires such consultant’s or
advisor’s contract under which services are performed for the Company or Affiliate, or (iii) with respect to an Eligible Recipient who is a non-employee director of the Company or an Affiliate, the date on which such non-employee director
ceases to be a member of the Board (or other applicable board of directors) for any reason. With respect to application of Sections 8(e)(iii) to a Participant who is determined by the insurance carrier under the Company’s then current long-term
disability plan to be entitled to receive benefits under such plan, the Participant shall be deemed to have a Separation from Service if (i) the Participant is disabled within the meaning of Section 409A(a)(2)(C) of the Code and the
regulations thereunder, or (ii) by reason of such disability, the facts and circumstances indicate that the Company and Participant reasonably anticipate that no future substantial services by the Participant will be performed (thereby
satisfying the conditions of a “termination of employment” within the meaning of Treas. Reg. Section 1.409A-1(h)(1)). 

(jj) “Shares” shall mean shares of the common stock, $.01 par value, of the Company, or such other securities of the Company as
may be designated by the Committee from time to time in substitution thereof. 
 (kk) “Subsidiary” shall have the meaning set
forth in Section 424(f) of the Code. 
 (ll) “Substitute Awards” shall mean Awards solely granted in assumption of, or
in substitution for, outstanding awards previously granted by a company acquired by the Company or with which the Company combines. The terms and conditions of any Substitute Awards shall be set forth in an Award Agreement and shall, except as may
be inconsistent with any provision of the Plan, to the extent practicable provide the recipient with benefits (including economic value) substantially similar to those provided to the recipient under the existing award which such Substitute Award is
intended to replace. 
 SECTION 3. Administration 

(a) Authority of Committee. The Plan shall be administered by the Committee or, in the Board’s sole discretion, by the Board.
Subject to the terms of the Plan, the Committee’s charter 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 Shares to be covered by, or with respect to which payments, rights, or other matters are to be
calculated in connection with, Awards; (iv) determine the terms and conditions of any Award (including any dividends and other distributions or dividend equivalents paid on or in respect of any Award); (v) determine whether, to what
extent, and under what circumstances Awards may be settled, or exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method or 

  
 7 

 
methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances cash, Shares, other securities,
other Awards, other property, and other amounts payable with respect to an Award shall be deferred either automatically or at the election of the holder thereof or of the Committee; (vii) interpret, construe and administer the Plan and any
instrument or agreement relating to, or Award made under, the Plan, including without limitation to correct any defect, supply any omission or reconcile any inconsistency or conflict in the Plan or any Award under the Plan; (viii) 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; (ix) amend existing Awards in accordance with Section 13(b) of the Plan; (x) condition
Awards or any payments or benefits thereunder on non-compete, non-solicitation or similar agreements; (xi) accelerate the vesting of any Award (or portion thereof); and (xii) make any other determination and take any other action that the
Committee deems necessary or desirable for the administration of the Plan. 
 (b) Committee Discretion Binding. 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 any Eligible Recipient, Participant or any holder or beneficiary of any Award. 

(c) Delegation. Subject to the terms of the Plan and applicable law, the Committee may delegate to one or more officers or
managers of the Company or any Affiliate, or to a committee of such officers or managers, the authority, subject to such terms and limitations as the Committee shall determine, to grant Awards to, or to cancel, modify or waive rights with respect
to, or to alter, discontinue, suspend, or terminate Awards held by, Participants who are not (i) “covered employees” under Section 162(m) of the Code or (ii) officers or directors of the Company for purposes of
Section 16 or who are otherwise not subject to Section 16. 
 (d) No Liability. No member of the Board or Committee or
any authorized delegate of the Committee shall be liable for any action taken or determination made in good faith with respect to the Plan or any Award granted hereunder. 

SECTION 4. Shares Available for Awards 

(a) Shares Available. Subject to adjustment pursuant to Section 4(b), the maximum aggregate number of Shares available for grant
pursuant to Awards under the Plan is 41,700,000. Of that number, as of March 17, 2014, approximately 3,000,000 Shares remained available for grant and, as of the Amendment Effective Date, an additional 6,000,000 Shares were authorized with
respect to grants under the Plan. From the aggregate limit, no more than 6,000,000 Shares may be granted in the form of Incentive Stock Options. If, after the Amendment Effective Date, any Shares covered by an Award granted under the Plan, or to
which such an Award relates, are forfeited, or if such an Award is settled for cash or otherwise expires, terminates or is canceled without the delivery of Shares, or otherwise without the Participant having received any benefit therefrom, or Shares
are withheld from such an Award (other than Options or SARs) to satisfy any tax withholding obligations, then the Shares covered by such Award, or to which such Award relates, or the number of Shares otherwise counted against the aggregate number of
Shares with respect to which Awards may be granted, to the extent of any such settlement, forfeiture, expiration, termination, withholding or cancellation, shall again become Shares with respect to which Awards may be granted. Notwithstanding
anything to the contrary in the Plan or Award Agreement, the following Shares shall not again become Shares with respect to which Awards may be granted: (i) any Shares which are withheld upon the exercise of an Option or SAR to satisfy any tax
liability or withholding obligations; (ii) any Shares tendered or withheld to pay the exercise price of any Option or other exercise price of an Award; (iii) any Shares repurchased by the Company from the Participant with the proceeds from
the exercise of any Option; and (iv) with respect to a SAR granted hereunder, the number of Shares counted against the Share limits set forth in Section 4(a) shall be the full number of Shares subject to the SAR if the SAR is settled in
Shares. (For purposes of the foregoing sentence, a Participant shall not be deemed to have received any “benefit” in the case of forfeited Restricted Stock Awards by reason of having enjoyed voting rights and dividend rights prior to the
date of forfeiture.) Notwithstanding the foregoing and subject to adjustment as provided in Section 4(b), no Participant may receive Awards under the Plan in any calendar year that relate to more than 2,000,000 Shares (the “Individual
Annual Share Limit”). 
 (b) Adjustments. In the event that the Committee determines that any dividend or other
distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or
other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the 

  
 8 

 
Company, or other similar corporate transaction or event that constitutes an equity restructuring transaction, as that term is defined in Accounting Standards Codification Topic 718 (formerly
known as Statement of Financial Accounting Standards No. 123(R)) or otherwise affects the Shares then the Committee shall adjust the following in a manner that 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: (A) the number of Shares or other securities of the Company (or number and kind of other securities or property) with respect to which Awards may be
granted; (B) the maximum number of Shares subject to an Award granted to a Participant pursuant to Section 4(a), (C) the number of Shares or other securities of the Company (or number and kind of other securities or property) subject
to outstanding Awards, and (D) the grant, purchase or exercise price with respect to any Award, or if deemed appropriate, make provisions for a cash payment to the holder of an outstanding Award or make provision for an equivalent award in
respect of securities of the surviving entity of any merger, consolidation or other transaction or event having a similar effect. The Committee’s adjustment shall be effective and binding for all purposes of this Plan, provided that no
adjustment shall be made, (A) with respect to Awards of Incentive Stock Options to the extent that such adjustment would cause the Plan to violate Section 422(b)(1) of Code, as from time to time amended, (B) with respect to any Award
to the extent that such adjustment would be inconsistent with the Plan or the Award meeting the requirements of Section 162(m), and (C) with respect to any Award to the extent such adjustment shall constitute (i) a modification of a
stock right within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(B) so as to constitute the grant of a new stock right (unless such new stock right does not constitute a deferral of compensation within the meaning of Code
Section 409A and the regulations thereunder), (ii) an extension of a stock right, including the addition of any feature for the deferral of compensation within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(C), or (iii) an
impermissible acceleration of a payment date or a subsequent deferral of a stock right subject to Code Section 409A within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E). Furthermore, no adjustment as the result of a change in
capitalization shall cause the exercise price to be less than the Fair Market Value of such Shares (as adjusted to reflect the change in capitalization) on the date of grant, and any adjustment as the result of the substitution of a new stock right
or the assumption of an outstanding stock right pursuant to a corporate transaction shall satisfy the conditions described in Treas. Reg. Section 1.409A-1(b)(5)(v)(D). 

(c) Substitute Awards. Any Shares underlying Substitute Awards shall not be counted against the Shares available for Awards under
the Plan. 
 (d) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in whole or
in part, of authorized and unissued Shares or of treasury Shares. 
 SECTION 5. Eligibility 

Any Eligible Recipient shall be eligible to be designated a Participant. 

SECTION 6. Stock Options 

(a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the
Participants to whom Options shall be granted, the number of Shares to be covered by each Option, the exercise price and the conditions and limitations applicable to the exercise of the Option. The Committee shall have the authority to grant
Incentive Stock Options, or to grant Non-Qualified Stock Options, or to grant both types of Options; provided that only employees of the Company or any Parent or Subsidiary may be granted Incentive Stock Options. In the case of Incentive Stock
Options, the terms and conditions of such grants shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code, as from time to time amended, and any regulations implementing such statute. 

(b) Exercise Price. The Committee in its sole discretion shall establish the exercise price at the time each Option is granted.
Except in the case of Substitute Awards, the exercise price of an Option may not be less than the Fair Market Value on the date of grant of such Option. 

(c) Exercise. Each Option shall be exercisable at such times and subject to such terms and conditions as the Committee may, in its
sole discretion, specify in the applicable Award Agreement or thereafter. The Committee may impose such conditions with respect to the exercise of Options, including without limitation, any relating to the application of federal, state or foreign
securities laws or the Code, as it may deem necessary or advisable. Notwithstanding the foregoing, an Option shall not be exercisable after the expiration of 10 years after the date such Option was granted. 

  
 9 

 (d) Payment. No Shares shall be delivered pursuant to any exercise of an Option until
payment in full of the exercise price is received by the Company. Such payment may be made (i) in cash, or its equivalent, (ii) by exchanging Shares owned by the Participant (which are not the subject of any pledge or other security
interest), (iii) by having the Company “net settle” the Shares by withholding from the Shares which would otherwise be delivered to the Participant such Shares with a Fair Market Value sufficient to satisfy the exercise price,
(iv) through any broker’s cashless exercise procedure approved by the Committee, or (v) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the Fair Market Value of any such Shares
so tendered to the Company as of the date of such tender is at least equal to such exercise price. 
 (e) Investment
Representations. At the time of any exercise of an Option, the Committee may, in its sole discretion, require a Participant to deliver to the Committee a written representation that the Shares to be acquired upon such exercise are to be acquired
for investment and not for resale or with a view to the distribution thereof and any other representation deemed necessary by the Committee to ensure compliance with all applicable federal and state securities laws. Upon such a request by the
Committee, delivery of such representation prior to the delivery of any Shares issued upon exercise of an Option shall be a condition precedent to the right of the Participant or such other person to purchase any Shares. In the event certificates
for Shares are delivered under the Plan with respect to which such investment representation has been obtained, the Committee may cause a legend or legends to be placed on such certificates to make appropriate reference to such representation and to
restrict transfer in the absence of compliance with applicable federal or state securities laws. 
 (f) Disqualifying Disposition
Notice. Each Participant awarded an Incentive Stock Option under the Plan shall notify the Company in writing immediately after the date he or she makes a disqualifying disposition of any Shares acquired pursuant to the exercise of such
Incentive Stock Option. A disqualifying disposition is any disposition (including any sale) of such Shares before the later of (i) two years after the date of grant of the Incentive Stock Option or (ii) one year after the date the
Participant acquired the Shares by exercising the Incentive Stock Option. The Company may, if determined by the Committee and in accordance with procedures established by it, retain possession of any Shares acquired pursuant to the exercise of an
Incentive Stock Option as agent for the applicable Participant until the end of the period described in the preceding sentence, subject to complying with any instructions from such Participant as to the sale of such Shares. 

(g) Incentive Stock Option Grants to 10% Stockholders. Notwithstanding anything to the contrary in this Section 6, if an
Incentive Stock Option is granted to a Participant who owns stock representing more than ten percent of the voting power of all classes of stock of the Company or of a Subsidiary or Parent, the option period shall not exceed five years from the date
of grant of such Option and the exercise price shall be at least 110 percent of the Fair Market Value (on the date of grant of such Option) of the Shares subject to the Option. 

(h) $100,000 Per Year Limitation for Incentive Stock Options. To the extent the aggregate Fair Market Value (determined as of the
date of grant of such Option) of Shares for which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess Incentive Stock Options shall be
treated as Non-Qualified Stock Options. 
 (i) Voluntary Surrender. The Committee may permit the voluntary surrender of all or any
portion of any Non-Qualified Stock Option, if any, granted under the Plan to be conditioned upon the granting to the Participant of a new Option for the same or a different number of Shares as the option surrendered or require such voluntary
surrender as a condition precedent to a grant of a new Option to such Participant. Such new Option shall be exercisable at an exercise price, during an option period, and in accordance with any other terms or conditions specified by the Committee at
the time the new Option is granted, all determined in accordance with the provisions of the Plan without regard to the exercise price, option period, or any other terms and conditions of the Non-Qualified Stock Option surrendered. For the avoidance
of doubt, the foregoing authority of the Committee is in all events subject to the stockholder approval requirements of Section 13(b) hereof. 

(j) Separation from Service. Unless otherwise provided in the Award Agreement documenting an Option Award, the following general
rules will apply to outstanding Option Awards at the time of a Participant’s Separation from Service: 

  
 10 

 (i) In the event of a Participant’s Separation from Service for Cause, then all the
Participant’s unvested Options shall be deemed canceled and forfeited on the date of such Separation from Service and the Participant’s vested Options, if any, shall remain exercisable for a period ending on the earlier of: (A) ten
days following such Separation from Service or (B) the expiration date with respect to the Option, and shall thereafter be deemed canceled and forfeited without further consideration to the Participant. 

(ii) In the event of a Participant’s Separation from Service by reason of death or Retirement, all unvested Options that would have
been vested on or before the first anniversary of such Separation from Service (had the Participant remained in the employ of the Company or Affiliate) shall vest on the date of such Separation from Service, and the remaining unvested Options shall
be deemed cancelled and forfeited without further consideration to the Participant or his estate, as the case may be. The vested Options (including those Options which vest in accordance with the provisions of this Section 6(j)(ii)) shall
remain exercisable for a period ending on the earlier of: (A) one year following such Separation from Service or (B) the expiration date with respect to the Option, and shall thereafter be deemed canceled and forfeited without further
consideration to the Participant or his estate, as the case may be. 
 (iii) This Section 6(j)(iii) applies if the Participant is
determined by the insurance carrier under the Company’s then current long-term disability plan to be entitled to receive benefits under such plan and, by reason of such disability, is deemed to have a Separation from Service. For purposes of
this Section 6(j)(iii), the “Vesting Acceleration Date” is the latest of (A) the first day of the period for which the Participant is paid such benefits, (B) the date on which the insurance carrier notifies the Company of
such determination, or (C) the date of the Participant’s Separation from Service; and the “First Anniversary” is the date which is the one year anniversary of the Vesting Acceleration Date. If the Participant is determined by
such insurance carrier to be entitled to receive such long-term disability benefits, (A) all Options which would have become vested on or before the First Anniversary shall become vested on the Vesting Acceleration Date, and (B) the
remaining unvested Options shall, except as provided in the second following sentence, be deemed canceled and forfeited without further consideration to the Participant on the Vesting Acceleration Date. The vested Options (including those Options
which vest in accordance with the provisions of this Section 6(j)(iii)) shall remain exercisable for a period ending on the earlier of: (A) the First Anniversary or (B) the expiration date with respect to the Option, and shall
thereafter, except as otherwise provided in the following sentence, be deemed canceled and forfeited without further consideration to the Participant, or his estate, as the case may be. Notwithstanding the foregoing provisions of this
Section 6(j)(iii), if the Participant ceases to be entitled to receive future benefits under such long-term disability plan prior to the First Anniversary and returns to active employment with the Company (or Affiliate) no later than the work
day next following the last day of the period for which such benefits are paid (and in all events prior to the expiration date of the Option), then (A) no Options will be deemed cancelled or forfeited pursuant to this Section 6(j)(iii) on
account of such prior absence from employment, (B) the determination of the day on which the Options shall cease to be exercisable shall instead be determined as if the Participant had not previously received long-term disability benefits, and
had instead remained continuously employed by the Company (or any Affiliate) during such period and (C) the other provisions of this Section 6(j) shall nevertheless continue to apply. 

(iv) If the Participant has a Separation from Service for any reason other than those set forth in paragraphs (i) through
(iii) of this Section 6(j), the Participant’s unvested Options shall be deemed canceled and forfeited on the date of the Participant’s Separation from Service without further consideration to the Participant. Vested Options, if
any, shall remain exercisable for a period ending on the earlier of: (A) 90 days following such Separation from Service or (B) the expiration date with respect to the Options, and shall thereafter be deemed canceled and forfeited without
further consideration to the Participant. 
 SECTION 7. Stock Appreciation Rights 

(a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the
Participants to whom SARs shall be granted, the number of Shares to be covered by each SAR, the exercise price and the conditions and limitations applicable to the exercise of the SAR. A SAR is the right of the Participant to receive upon exercise
of such SAR, subject to the Participant’s satisfaction in full of any conditions, restriction, or limitations imposed in accordance with the Plan or any Award Agreement an amount in cash or Shares described under Section 7(c) below. 

  
 11 

 (b) Exercise Price. The Committee in its sole discretion shall establish the exercise
price at the time each SAR is granted. Except in the case of Substitute Awards, the exercise price of a SAR may not be less than the Fair Market Value on the date of grant of such SAR. 

(c) Exercise. Each SAR shall be exercisable at such times and subject to such terms and conditions as the Committee may, in its
sole discretion, specify in the applicable Award Agreement or thereafter. The Committee may impose such conditions with respect to the exercise of SARs, including without limitation, any relating to the application of federal, state or foreign
securities laws or the Code, as it may deem necessary or advisable. Notwithstanding the foregoing, a SAR shall not be exercisable after the expiration of 10 years after the date such SAR was granted. 

(d) Payment. Upon the exercise of a SAR, a Participant shall be entitled to receive an amount in cash or Shares equal in value to
the excess of the Fair Market Value (determined as of the date of exercise) per Share over the Exercise Price per Share specified in the related Award Agreement, multiplied by the number of Shares in respect of which the SAR is exercised, less any
amount retained or not issued to cover any tax liability or withholding obligations, if necessary. 
 (e) Separation from
Service. Unless otherwise provided in the Award Agreement documenting a SAR Award, the following general rules will apply to outstanding SAR Awards at the time of a Participant’s Separation from Service: 

(i) In the event of a Participant’s Separation from Service for Cause, then all the Participant’s unvested SARs shall be deemed
canceled and forfeited on the date of such Separation from Service and the Participant’s vested SARs, if any, shall remain exercisable for a period ending on the earlier of: (A) ten days following such Separation from Service or
(B) the expiration date with respect to the SAR, and shall thereafter be deemed canceled and forfeited without further consideration to the Participant. 

(ii) In the event of a Participant’s Separation from Service by reason of death or Retirement, all unvested SARs that would have
been vested on or before the first anniversary of such Separation from Service (had the Participant remained in the employ of the Company or Affiliate) shall vest on the date of such Separation from Service, and the remaining unvested SARs shall be
deemed cancelled and forfeited without further consideration to the Participant or his estate, as the case may be. The vested SARs (including those SARs which vest in accordance with the provisions of this Section 7(e)(ii)) shall remain
exercisable for a period ending on the earlier of: (A) one year following such Separation from Service or (B) the expiration date with respect to the SAR, and shall thereafter be deemed canceled and forfeited without further consideration
to the Participant or his estate, as the case may be. 
 (iii) This Section 7(e)(iii) applies if the Participant is determined by
the insurance carrier under the Company’s then current long-term disability plan to be entitled to receive benefits under such plan and, by reason of such disability, is deemed to have a Separation from Service. For purposes of this
Section 7(e)(iii), the “Vesting Acceleration Date” is the latest of (A) the first day of the period for which the Participant is paid such benefits, (B) the date on which the insurance carrier notifies the Company of such
determination, or (C) the date of the Participant’s Separation from Service; and the “First Anniversary” is the date which is the one year anniversary of the Vesting Acceleration Date. If the Participant is determined by such
insurance carrier to be entitled to receive such long-term disability benefits, (A) all SARs which would have become vested on or before the First Anniversary shall become vested on the Vesting Acceleration Date, and (B) the remaining
unvested SARs shall, except as provided in the second following sentence, be deemed canceled and forfeited without further consideration to the Participant on the Vesting Acceleration Date. The vested SARs (including those SARs which vest in
accordance with the provisions of this Section 7(e)(iii)) shall remain exercisable for a period ending on the earlier of: (A) the First Anniversary or (B) the expiration date with respect to the SAR, and shall thereafter, except as
otherwise provided in the following sentence, be deemed canceled and forfeited without further consideration to the Participant, or his estate, as the case may be. Notwithstanding the foregoing provisions of this Section 7(e)(iii), if the
Participant ceases to be entitled to receive future benefits under such long-term disability plan prior to the First Anniversary and returns to active employment with the Company (or Affiliate) no later than the work day next following the last day
of the period for which such benefits are paid (and in all events prior to the expiration date of the SAR), then (A) no SARs will be deemed cancelled or forfeited pursuant to this Section 7(e)(iii) on account of such prior absence from
employment, (B) the determination of the day on which the SARs shall cease to be 

  
 12 

 
exercisable shall instead be determined as if the Participant had not previously received long-term disability benefits, and had instead remained continuously employed by the Company (or any
Affiliate) during such period and (C) the other provisions of this Section 7(e) shall nevertheless continue to apply. 

(iv) If the Participant has a Separation from Service for any reason other than those set forth in paragraphs (i) through
(iii) of this Section 7(e), the Participant’s unvested SARs shall be deemed canceled and forfeited on the date of the Participant’s Separation from Service without further consideration to the Participant. Vested SARs, if any,
shall remain exercisable for a period ending on the earlier of: (A) 90 days following such Separation from Service or (B) the expiration date with respect to the SARs, and shall thereafter be deemed canceled and forfeited without further
consideration to the Participant. 
 SECTION 8. Restricted Stock And Restricted Stock Units 

(a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the
Participants to whom Shares of Restricted Stock and Restricted Stock Units shall be granted, the number of Shares of Restricted Stock and/or the number of Restricted Stock Units to be granted to each Participant, the performance criteria, if any,
and level of achievement in relation to the criteria that shall determine the number of Shares of Restricted Stock or Restricted Stock Units granted, issued, and/or vested (provided, however, that any such performance criteria shall conform to the
criteria set forth in Section 10 to the extent the Committee determines that the Award needs to comply with Section 162(m) of the Code), the terms and conditions with respect to the vesting and/or forfeiture of the Restricted Stock or
Restricted Stock Units (which vesting and/or forfeiture conditions may be in addition to any performance criteria and which may extend beyond the Performance Period, if any, applicable to the Award), and such further terms and conditions, in each
case not inconsistent with the Plan, as may be determined from time to time by the Committee. 
 (b) Restrictions. The Committee
shall have the authority to remove any or all of the restrictions on the Restricted Stock and Restricted Stock Units whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date of
the Restricted Stock or Restricted Stock Units are granted, such action is appropriate, subject in each case to restrictions imposed by applicable law. 

(c) Transfer Restrictions. Shares of Restricted Stock and Restricted Stock Units may not be sold, assigned, transferred, pledged
or otherwise encumbered, except, in the case of Restricted Stock, as provided in the Plan or the applicable Award Agreements. Shares, when issued may be represented by a certificate or a book or electronic entry. Where applicable, certificates
issued in respect of Shares of Restricted Stock shall be registered in the name of the Participant and deposited by such Participant, together with a stock power endorsed in blank, with the Company. Upon the lapse of the restrictions applicable to
such Shares of Restricted Stock, the Company shall deliver such Shares to the Participant or the Participant’s legal representative by a certificate or a book or electronic entry. 

(d) Dividends and Distributions. Dividends and other distributions paid on or in respect of Restricted Stock or dividend
equivalents paid on or in respect of Restricted Stock Units may be paid directly to the Participant, or may be reinvested in additional Shares of Restricted Stock or in additional Restricted Stock Units, as determined by the Committee in its sole
discretion, at the time the Award is made. 
 (e) Separation from Service. Unless otherwise provided in the Award Agreement
documenting a Restricted Stock or Restricted Stock Unit Award, the following general rules will apply to outstanding Restricted Stock and Restricted Stock Unit Awards at the time of a Participant’s Separation from Service: 

(i) In the event of a Participant’s Separation from Service for Cause, all Restricted Stock or Restricted Stock Units which have not
as of the date of such Separation from Service become vested shall be canceled and forfeited effective as of the date of such Separation from Service without further consideration to the Participant. 

(ii) In the event of a Participant’s Separation from Service by reason of death or Retirement, all unvested Restricted Stock or
Restricted Stock Units that would have become vested on or before the first anniversary of such Separation from Service (had the Participant continued in the employ of the Company or Affiliate) shall vest on the date of such Separation from Service
and the remaining unvested Restricted Stock or Restricted Stock Units shall be cancelled and forfeited effective on the date of such Separation from Service without further consideration to the Participant. 

  
 13 

 (iii) This Section 8(e)(iii) applies if the Participant is determined by the insurance
carrier under the Company’s then current long-term disability plan to be entitled to receive benefits under such plan and, by reason of such disability, is deemed to have a Separation from Service. For purposes of this Section 8(e)(iii),
the “Vesting Acceleration Date” is the latest of (A) the first day of the period for which the Participant is paid such benefits, (B) the date on which the insurance carrier notifies the Company of such determination, or
(C) the date of the Participant’s Separation from Service; and the “First Anniversary” is the date which is the one year anniversary of the Vesting Acceleration Date. If the Participant is determined by such insurance carrier to
be entitled to receive such long-term disability benefits, (A) all Restricted Stock or Restricted Stock Units that would have become vested on or before the First Anniversary shall vest on the Vesting Acceleration Date and (B) the
remaining unvested Restricted Stock or Restricted Stock Units shall, except as provided in the following sentence, be canceled and forfeited without further consideration to the Participant on the Vesting Acceleration Date. Notwithstanding the
foregoing provisions of this Section 8(e)(iii), if the Participant ceases to be entitled to receive future benefits under such long-term disability plan prior to the First Anniversary and returns to active employment with the Company (or
Affiliate) no later than the work day next following the last day of the period for which such benefits are paid, then (A) no unvested Restricted Stock or Restricted Stock Units shall be cancelled or forfeited pursuant to this
Section 8(e)(iii) on account of such prior absence from employment, (B) the determination of the day on which the unvested Restricted Stock or Restricted Stock Units shall vest shall instead be determined as if the Participant had not
previously received long-term disability benefits and had instead remained continuously employed by the Company (or Affiliate) during such period and (C) the other provisions of this Section 8(e) shall nevertheless continue to apply. 

(iv) If the Participant has a Separation from Service for any reason other than those set forth in paragraphs (i) through
(iii) of this Section 8(e), unvested Restricted Stock and Restricted Stock Units shall be cancelled and forfeited as of the date of such Separation from Service without further consideration to the Participants. 

(f) Payment. Each Restricted Stock Unit shall have a value equal to the Fair Market Value of a Share. Restricted Stock Units shall
be paid in cash, Shares, other securities or other property, as determined in the sole discretion of the Committee at the time the Award is made. Unless otherwise provided in the Award Agreement, such payment of Restricted Stock Units as aforesaid
shall be made as soon as practicable following the satisfaction of any and all vesting or other conditions or restrictions applicable to such Restricted Stock Unit but in no event later than March 15 of the calendar year following the calendar
year in which such vesting or other condition or restriction, as applicable, is satisfied. 
 SECTION 9. Other Stock-Based Awards 

(a) Grant. The Committee shall have authority to grant to Participants an Other Stock-Based Award, which shall consist of any right
that is (i) not an Award described in Sections 6, 7 or 8 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without
limitation, securities convertible into Shares), as deemed by the Committee to be consistent with the purposes of the Plan. Any such Other Stock-Based Award which is valued in whole or in party by reference to Shares shall be valued based on the
Fair Market Value of a Share, on a non-discounted basis. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the terms and conditions of any such Other Stock-Based Award, which may include without
limitation performance criteria with respect to the granting, issuance and/or vesting of the Other Stock-Based Award (provided, however, that any such performance criteria shall conform to the criteria set forth in Section 10 to the extent the
Committee determines that the Award needs to comply with Section 162(m) of the Code), and/or terms and conditions under which the Other Stock-Based Award shall vest or be subject to forfeiture (which vesting and/or forfeiture conditions may be
in addition to any performance criteria and which may extend beyond the performance period, if any, applicable to the Award). 

(b) Payment. Unless otherwise provided in the Award Agreement, such payment of Other Stock-Based Awards shall be made as soon as
practicable following the satisfaction of any and all vesting or other conditions or restrictions applicable to such Awards but in no event later than March 15 of the calendar year following the calendar year in which such vesting or other
condition or restriction, as applicable, is satisfied. 

  
 14 

 SECTION 10. Performance Compensation Awards 

(a) General. The Committee shall have the authority, at the time of grant of any Award described in Sections 6 through 9 to
designate such Award as a Performance Compensation Award in accordance with the requirements of this Section 10. In addition, the Committee shall have the authority to provide that any Award described in Section 8 or 9 (including an Award
described in Section 7, 8, or 9 which is also a Performance Compensation Award) may be paid in the form of cash rather than Shares. 

(b) Eligibility. The Committee shall have full discretion to designate which Participants or classes of Participants will be eligible
to receive Performance Compensation Awards with respect to a designated Performance Period. The Committee shall exercise such discretion (i) within the first 90 days of the Performance Period (or, with respect to a Performance period of less
than one year, prior to the lapse of 25 percent of such Performance Period), in the case of any Participant, or class of Participants, for whom the Performance Compensation Award is intended to be “performance based compensation” within
the meaning of Section 162(m) of the Code, and (ii) by such date as the Committee shall determine with respect to any other Participant or class of Participants, provided that at such time the outcome of the Performance Goal(s) for the
Performance Period remain substantially uncertain. However, designation of a Participant eligible to receive an Award hereunder for a Performance Period shall not in any manner entitle the Participant to receive payment in respect of any Performance
Compensation Award for such Performance Period. The determination as to whether or not such Participant becomes entitled to payment in respect of any Performance Compensation Award shall be decided solely in accordance with the provisions of this
Section 10. Moreover, designation of a Participant as eligible to receive an Award hereunder for a particular Performance Period shall not require designation of such Participant as eligible to receive an Award hereunder in any subsequent
Performance Period and designation of one person as a Participant eligible to receive an Award hereunder shall not require designation of any other person as a Participant eligible to receive an Award hereunder in such period or in any other period.

 (c) Discretion of Committee with Respect to Performance Compensation Awards. With regard to a particular Performance Period,
the Committee shall have full discretion to select the length of such Performance Period, the type(s) of Performance Compensation Awards to be issued, the Performance Criteria that will be used to establish the Performance Goal(s), the kind(s)
and/or level(s) of the Performance Goals(s) that is (are) to apply to the Company and the Performance Formula. The Committee shall exercise its discretion with respect to each of the matters enumerated in the immediately preceding sentence, and
record the same in writing (i) within the first 90 days of the Performance Period (or, with respect to a Performance Period of less than one year, prior to the lapse of 25 percent of such Performance Period) in the case of any Participant, or
class of Participants, for whom the Performance Compensation Award is intended to be “performance-based compensation” within the meaning of Section 162(m) of the Code, and (ii) by such date as the Committee shall determine with
respect to any other Participant or class of Participants provided that at such time the outcome of the Performance Goal(s) for the Performance Period remain substantially uncertain. With respect to any Performance Compensation Award intended to
qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee (A) shall not provide, in the terms of the Award or otherwise by the exercise of discretion, for any payment of the Award, in whole or in
part, under circumstances where the Performance Goals may not be achieved (e.g., in the event of retirement or involuntary termination), except that the terms of the Award may provide for payment, without regard to whether the Performance Goals have
been achieved, in the event of death, disability or a Change in Control, and (B) shall not establish such other terms and conditions, or exercise its discretion, or otherwise grant such Performance Compensation Award in such amount or manner,
as to cause such Award to violate the conditions necessary to qualify as performance-based compensation within the meaning of Section 162(m) of the Code and the regulations thereunder. 

(d) Payment of Performance Compensation Awards. 

(i) Condition to Receipt of Payment. Unless otherwise provided in the applicable Award Agreement, a Participant must be employed
by the Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period. 

(ii) Limitation. A Participant shall be eligible to receive payment in respect of a Performance Compensation Award only to the
extent that: (A) the Performance Goals for such period are achieved; and (B) the Performance Formula as applied against such Performance Goals determines that all or some portion of such Participant’s Performance Compensation Award
has been earned for the Performance Period. 

  
 15 

 (iii) Certification. Following the completion of a Performance Period, the Committee
shall review and certify in writing whether, and to what extent, the Performance Goals for the Performance Period have been achieved and, if so, calculate and certify in writing that amount of the Performance Compensation Awards earned for the
period based upon the Performance Formula. The Committee shall then determine the actual size of each Participant’s Performance Compensation Award for the Performance Period and, in so doing, may apply Negative Discretion in accordance with
Section 10(d)(iv) hereof, if and when it deems appropriate. 
 (iv) Use of Discretion. In determining the actual size of
an individual Performance Compensation Award for a Performance Period, the Committee may reduce or eliminate the amount of the Performance Compensation Award earned under the Performance Formula in the Performance Period through the use of Negative
Discretion if, in its sole judgment, such reduction or elimination is appropriate. The Committee shall not have the discretion to (A) grant or provide payment in respect of Performance Compensation Awards for a Performance Period if the
applicable Performance Goal for such Performance Period has not been attained (except that the terms of the Award may provide for full or partial payment, without regard to whether the Performance Goal has been achieved, in the event of a Change in
Control or the Participant’s death or disability); or (B) increase any Performance Compensation Award beyond what was earned in accordance with the terms of the Award and the Plan. 

(v) Timing of Award Payments. Performance Compensation Awards granted for a Performance Period shall be paid to participants as
soon as administratively practicable following the last to occur of (A) the date of completion of the certifications required by this Section 10, or (B) if payment for Performance Compensation Award is subject to a vesting or other
condition or restriction, the date such vesting or other condition or restriction is satisfied. Notwithstanding the foregoing, unless otherwise provided in the Award Agreement, payment shall in no event take place later than March 15 of the
calendar year following the year in which ends the Performance Period (in the case of a Performance Compensation Award not subject to a vesting or other condition or restriction on payment), or March 15 of the calendar year following the
calendar year in which such vesting or other condition or restriction, as applicable, is satisfied. 
 (vi) Maximum Award
Payable. Notwithstanding any provision contained in this Plan to the contrary, no Participant may receive a Performance Compensation Award for a Performance Period that relates to Shares which are more than the Individual Share Limit set forth
in Section 4(a), less the amount of Shares relating to all other Awards under the Plan received by the Participant for the calendar year in which the Performance Period ends. 

SECTION 11. Termination of Employment/Service 

The Committee shall have the full power and authority to determine the terms and conditions that shall apply to any Award upon a termination of
employment/service, including a termination by the Company without Cause, by a Participant voluntarily, or by reason of death, Disability or Retirement. 

SECTION 12. Change in Control 

(a) In General. In the event of a Change in Control, unless otherwise provided in the Award Agreement, or otherwise determined by
the Committee, each outstanding Award shall be assumed or substituted by the successor company (or a subsidiary or affiliate of such successor company, as applicable) according to the following terms: 

(i) In the case of Performance Compensation Awards, following the Change in Control the assumed or substituted Awards shall be:
(1) no longer subject to any Performance Goals; (2) converted to a number of units in the successor company (or a subsidiary or affiliate of such successor company, as applicable) that is equal in value to the target number of units that
were granted under the Plan; and (3) contingent on the Participant’s continued performance of services for the successor company (or a subsidiary or affiliate of such successor company, as applicable) through the original vesting date(s)
applicable to such Awards. 
 (ii) In the case of Awards other than Performance Compensation Awards, following the Change in Control
the assumed or substituted Awards shall (1) preserve the rights and benefits of such Awards as in effect prior to such assumption or substitution and in the case of Options and SARs, be assumed and substituted with the same intrinsic value, and
(2) be subject to substantially similar terms and conditions, such as vesting conditions, of such Award as in effect prior to such assumption or substitution. 

  
 16 

 Notwithstanding anything to the contrary in the Plan or Award Agreement, and subject to the
Committee’s discretion, the assumption or substitution of any Award shall comply in all material respects with the applicable requirements of the Code and the regulations issued thereunder such that the Award continues to be exempt from the
application of Section 409A of the Code and the regulations thereunder, and to the extent applicable, continues to qualify as compliant with Section 409A of the Code or, as an incentive stock option under Section 422 of the Code. The
Committee, in its sole discretion, shall determine whether an Award has been assumed or substituted in accordance with this Section 12(a). 

For Awards subject to this Section 12(a), unless otherwise provided in the Award Agreement, in the event that the employment of the
Participant is involuntarily terminated by the Company (or its successor) other than for Cause within the one-year period following a Change in Control, all unvested Awards described in Sections 6 through 9 (including without limitation any Awards
that have not vested in accordance with Section 12) granted to such Participant shall vest immediately upon such a termination. In the case of such vested Awards that are Options or SARs, such Awards shall become immediately exercisable in
accordance with their terms and shall remain exercisable for the remainder of their stated term. In the case of such vested Awards other than Options and SARs, such Awards shall be distributed in accordance with Section 8(f) or
Section 9(b). With respect to a Performance Compensation Award described in Section 10 and converted to successor company units under Section 12(a)(i), the number of successor company units that vest shall be based on the number of
units converted pursuant to Section 12(a)(i) multiplied by a fraction, the numerator of which is the number of days of active employment in the original Performance Period and the denominator of which is the total number of days in the
Performance Period. Such vested Awards shall be distributed in accordance with Section 10(d)(v). 
 (b) Accelerated
Vesting. For Awards not assumed or substituted in accordance with Section 12(a), unless otherwise provided in the Award Agreement, upon the occurrence of a Change in Control all unvested Awards described in Sections 6 through 9 shall vest
immediately prior to the effective time of such Change in Control. With respect to a Performance Compensation Award described in Section 10 that is not assumed or substituted, in the event the Change in Control takes place before the end of the
Performance Period, the amount of the Award shall be fixed as the target amount of the Award multiplied by a fraction, the numerator of which is the number of days in the Performance Period prior to the date of the Change in Control and the
denominator of which is the total number of days in the Performance Period. Any Awards, other than Options or SARs, that vest in accordance with this Section 12(b), shall be settled in cash or shares, as determined by the Committee in its sole
discretion in accordance with Code Section 409A to the extent applicable, within 75 calendar days of the Change in Control. With respect to any outstanding Options or SARs, the Committee may notify the Participant in writing or electronically
that such Options or SARs will be exercisable for a period of time (determined by the Committee in its sole discretion) prior to the Change in Control and such Options or SARs will terminate upon the expiration of such period. Notwithstanding
anything to the contrary in the Plan or Award Agreement, to the extent there is a Change in Control which constitutes a change in control for purposes of Code Section 409A and the regulations thereunder (“409A Change in Control”), any
Award granted on or after August 6, 2013 that is subject to Code Section 409A shall be settled in cash or shares, as determined by the Committee in its sole discretion, within 75 calendar days of the 409A Change in Control. 

(c) To the extent the effect of a Change in Control on any Award granted under the Plan is not otherwise addressed in this
Section 12 or the applicable Award Agreement, in order to maintain the Participants’ rights in the event of any Change in Control, the Committee may, in its sole discretion, as to any such Award, take any one or more of the following
actions: (i) provide for the acceleration of any time periods relating to the vesting, exercise or realization of any such Award so that such Award may be exercised or realized in full on or before a date fixed by the Committee;
(ii) provide for the purchase of any such Award; (iii) make such adjustment to any such Award then outstanding as the Committee deems appropriate to reflect such Change in Control; or (iv) cause any such Award then outstanding to be
assumed, or new rights substituted therefor, by the successor company (or a subsidiary or affiliate of such successor company, as applicable) after such Change in Control. Notwithstanding anything to the contrary in the Plan or Award Agreement, the
Committee will not be required to treat all Awards similarly in the event of a Change in Control. 

  
 17 

 SECTION 13. Amendment and Termination 

(a) Amendments to the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any
time; provided that (i) no such amendment, alteration, suspension, discontinuation or termination shall be made without requisite stockholder approval if such approval is necessary to comply with any tax or regulatory requirement for which or
with which the Board deems it necessary or desirable to comply and (ii) any such amendment, alteration, suspension, discontinuance or termination that would adversely affect the material rights of any Participant or any holder or beneficiary of
any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder, or beneficiary. In addition, the Committee may amend the Plan or any portion thereof at any time to (1) cure any
ambiguity or to correct or supplement any provision of the Plan which may be defective or inconsistent with any other provision of the Plan or (2) make any other provisions in regard to matters or questions arising under the Plan which the
Committee may deem necessary or desirable and which, in the judgment of the Committee, is not material; provided that no such amendment shall be made without requisite stockholder approval if such approval is necessary to comply with any tax or
regulatory requirement for which or with which the Board or the Committee deems it necessary or desirable to comply. 

(b) Amendments to Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend,
discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would adversely affect the rights of
any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder, or beneficiary; and provided further that the Committee shall not have the
power to amend the terms of previously granted Awards to reduce, or cancel such Awards and grant substitute Awards which would have the effect of reducing the exercise price except pursuant to paragraph (c) or (d) below. Except in
connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or
exchange of shares), the terms of outstanding Awards may not, without stockholder approval, be amended to reduce the exercise price of outstanding Options or SARs or cancel outstanding Options or SARs in exchange for cash, other Awards or Options or
SARs with an exercise price that is less than the exercise price of the original Options or SARs, nor may the Committee take any action, without stockholder approval, which is considered a “repricing” for purposes of the stockholder
approval rules of The NASDAQ Stock Market. 
 (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(b) hereof) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, 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; provided that, unless otherwise determined by the Committee, no such adjustment shall be
authorized to the extent that such authority would be inconsistent with the Plan’s meeting the requirements of Section 162(m) to the extent Section 162(m) applies to an Award. 

(d) Compliance with Code Section 409A. Notwithstanding anything herein to the contrary, unless otherwise provided in the
Award Agreement, in the event of any action taken by the Committee to vest part or all of a Participant’s Restricted Stock Unit Award or Performance Compensation Award that would otherwise be forfeited, distribution thereof to the Participant
shall be made no later than March 15 of the calendar year following the calendar year in which such vesting occurs. 
 Notwithstanding
anything herein to be contrary, no waiver, amendment, alteration, suspension, discontinuation or termination of an Award by the Committee shall constitute (i) a modification of a stock right within the meaning of Treas. Reg.
Section 1.409A-1(b)(5)(v)(B) so as to constitute the grant of a new stock right (unless such new stock right does not constitute a deferral of compensation within the meaning of Code Section 409A and the regulations thereunder),
(ii) an extension of a stock right, including the addition of any feature for the deferral of compensation, within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(C), or an impermissible acceleration of a payment date or a subsequent
deferral of a stock right subject to Code Section 409A within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E). 

  
 18 

 Notwithstanding the foregoing or any provision of the Plan to the contrary, the Committee may at
any time (without the consent of Participants) modify, amend or terminate any or all provisions of this Plan and Awards thereunder to the extent necessary to ensure that payments and/or Awards under the Plan are not “deferred compensation”
subject to Section 409A of the Code (or, alternatively, conform to the requirements of Section 409A of the Code). 

Notwithstanding anything herein to the contrary, in the event (i) the Committee determines that any payment hereunder to a Participant
who is a “specified employee” within the meaning of Treas. Reg.§ 1.409A-(1)(i) constitutes “deferred compensation” within the meaning of Section 409A of the Code and the regulations thereunder and does not qualify
for an exception from the requirements of Section 409A of the Code, and (ii) such payment is pursuant to the Participant’s Separation from Service, then no such payment shall be made to such Participant during the first six months
following such Participant’s Separation from Service and any amount payment of which is delayed by reason of the foregoing shall be paid in a single lump sum on the first business day of the seventh month following the Participant’s
Separation from Service. 
 To the extent applicable, it is intended that the Plan and Awards granted hereunder comply with or be exempt
from the requirements of Section 409A of the Code and any related regulations or other guidance promulgated thereunder. Accordingly, to the maximum extent permitted, the Plan and the Awards granted hereunder shall be interpreted and
administered to be in compliance therewith, to the extent applicable, and if any provision of this Plan or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition will be
interpreted and deemed amended so as to avoid this conflict. Any reservation of rights or discretion by the Company or the Committee hereunder affecting the timing of payment of any Award subject to Section 409A of the Code will only be as
broad as is permitted by Section 409A of the Code and any regulations thereunder. While the Company intends that the Plan and Awards granted hereunder comply with or be exempt from the requirements of Section 409A of the Code and any
related regulations or other guidance promulgated thereunder, neither the Company or the Committee nor any of their respective affiliates shall be liable to any person for the tax consequences of any failure to comply with the requirements of
Section 409A of the Code or any other tax consequences relating to Awards under the Plan. 
 SECTION 14. General Provisions 

(a) Dividend Equivalents. In the sole and complete discretion of the Committee, an Award may provide the Participant with dividends
or dividend equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis, provided however, that any such dividends or dividend equivalents shall be paid with respect to a Performance Compensation Award
only to the extent such Performance Compensation Award has been earned and vested. 
 (b) Transferability. Except as provided
below, no Award shall be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant, except by will or the laws of descent and distribution. Notwithstanding the foregoing, a Participant may transfer any
vested Award, other than an Incentive Stock Option, to any person who is a “family member” of the Participant as such term is used in the instructions to Form S-8 (collectively, the “Immediate Family Members”) or to one or more
trusts for the exclusive benefit of such Immediate Family Members or partnerships in which such Immediate Family Members are the only partners if the Award Agreement so provides, the transfer is approved by the Committee and the Participant does not
receive any consideration for the transfer. Any such transferred Award shall continue to be subject to the same terms and conditions that were applicable to such Award immediately prior to its transfer (except that such transferred Award shall not
be further transferable by the transferee). 
 (c) No Rights to Awards. No Person shall have any claim to be granted any Award,
and there is no obligation for uniformity of treatment of employees, non-employee directors, consultants, Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards need not be the same with respect to each recipient.

 (d) Share Certificates. All certificates for Shares or other securities of the Company or any Affiliate 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 or interdealer market system upon which such Shares 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. 

  
 19 

 (e) Withholding. A Participant may be required to pay to the Company or any Affiliate
and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant the
amount (in cash, Shares, other securities, other Awards or other property) of any applicable withholding or other taxes in respect of an Award, its exercise, 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 all obligations for the payment of such taxes. The Committee may provide in an Award Agreement that a Participant can satisfy the foregoing requirement by electing to have the Company
withhold Shares having a Fair Market Value sufficient to satisfy the minimum statutory amount of tax required to be withheld, as determined by the Committee. Such “net settlement” of Shares with respect to an Award is hereby specifically
authorized as an alternative for the satisfaction of withholding obligations. 
 (f) Award Agreements. Each Award hereunder
shall be evidenced by an Award Agreement that shall be delivered to the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto. In the event of a conflict between the terms of the Plan and any Award
Agreement, the terms of the Award Agreement shall prevail. 
 (g) No Limit on Other Compensation Arrangements. Nothing contained
in the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for the grant of options, restricted stock, Shares and other types of Awards provided for
hereunder (subject to stockholder approval if such approval is required), and such arrangements may be either generally applicable or applicable only in specific cases. 

(h) No Right to Employment or Continued Service. 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 if a non-employee director or consultant, to continue to provide services to the Company. 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. 
 (i) No
Rights as Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any Award shall have any rights as a stockholder with respect to any Shares to be distributed under the Plan until he or she has
become the holder of such Shares. Notwithstanding the foregoing, in connection with each grant of Restricted Stock hereunder, the applicable Award Agreement shall specify if and to what extent the Participant shall not be entitled to the rights of a
stockholder in respect of such Restricted Stock. 
 (j) Governing Law. The validity, construction, and effect of the Plan and
any rules and regulations relating to the Plan and any Award Agreement shall be determined in accordance with the laws of the State of Delaware without giving effect to the conflict of law principles thereof. 

(k) 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 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 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. 
 (l) Other Laws. The Committee may refuse to issue or transfer any Shares or
other consideration under an Award if, acting in its sole discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation or entitle the Company 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. Without limiting the generality of the foregoing, no Award granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole discretion
has determined that any such offer, if made, would be in compliance with all applicable requirements of the U.S. federal or non-U.S. securities laws and any other laws to which such offer, if made, would be subject. 

  
 20 

 (m) 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 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 Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 

(n) No Liability of Committee Members. No member of the Committee shall be personally liable by reason of any contract or other
instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee and each other
employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum
paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person’s own fraud or willful bad faith; provided, however, that approval of the Board shall be required for the
payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of
Incorporation or By-Laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

(o) Reliance on Reports. Each member of the Committee and each member of the Board shall be fully justified in acting or failing
to act, as the case may be, and shall not be liable for having so acted or failed to act in good faith, in reliance upon any report made by the independent public accountant of the Company and its Affiliates and/or any other information furnished in
connection with the Plan by any person or persons other than himself or herself. 
 (p) Relationship to Other Benefits. No
payment under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company or of any Affiliate, except as otherwise specifically provided in such
other plan. 
 (q) Compliance with Applicable Law. Notwithstanding any provision in the Plan to the contrary, and without the
need to obtain the consent of any Participant or of any holder or beneficiary of any Award, the Committee reserves the right to add any additional terms or provisions to any Award granted under the Plan that it in its sole discretion deems necessary
or advisable in order that such Award complies with the legal requirements of any governmental entity to whose jurisdiction the Award is subject. 

(r) No Fractional Shares. No fractional Shares 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 Shares or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise eliminated. 

(s) 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. 

(t) Information Provided to Participants. The Company shall provide financial statements to Participants at least annually and
such other information as may be required by law. 
 (u) Participants in Foreign Countries. The Committee shall have the
authority to adopt such modifications, additional terms and conditions, procedures, and subplans, in each case which may differ from the terms specified in the Plan, as may be necessary or desirable for the Awards to comply with provisions of the
laws or policies of foreign countries in which the Company or its Subsidiaries or Affiliates may operate to assure viability of the benefits from Awards granted to Participants performing services in such countries and to facilitate administration
of the Plan. 
 (v) Clawback Policy. Participants and Awards granted hereunder may be subject to the Company’s incentive
recoupment policy. 

  
 21 

 SECTION 15. Company Right to Cancel Awards 

In the event of any of the following: 

(a) the Company is merged or consolidated with another corporation or entity and, in connection therewith, consideration is received by
shareholders of the Company in a form other than stock or other equity interests of the surviving entity; 
 (b) all or substantially all of
the assets of the Company are acquired by another Person; 
 (c) the reorganization or liquidation of the Company; or 

(d) the Company consummates a written agreement to undergo an event described in clauses (a), (b) or (c) above, then the
Committee may, in its sole discretion and upon at least 10 days advance notice to the affected persons, cancel any outstanding Awards and cause the holders thereof to be paid, in cash or stock, or any combination thereof, the value of such Awards
based upon the price per Share received or to be received by other shareholders of the Company in the event. The terms of this Section 15 may be varied by the Committee in any particular Award Agreement. The terms of this Section 15 may be
varied in appropriate cases to reflect the requirements of Code Section 409A, or to satisfy an exception to Code Section 409A. 
 SECTION 16.
Term of the Plan 
 (a) Expiration Date. No new Awards shall be granted under the Plan after the tenth anniversary of the
Restatement Effective Date. Unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted hereunder may, 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 any such Award shall, continue after the authority for grant of new Awards hereunder has been exhausted. 

  
 22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}]]