Document:

Exhibit 10.25

RESTRICTED STOCK
AWARD AGREEMENT
​
This Restricted Stock Award Agreement is entered into by and between Haynes International, Inc., a Delaware corporation ("Company"), and «Participant_Name», an employee of the Company ("Grantee"), effective as of DATE OF GRANT ("Effective Date").
Background
The Company wishes to provide incentives to recognize and reward the Grantee, whose performance, contributions and skills will be critical to the Company's success, by aligning his/her interests more closely with those of the Company's stockholders.  For this purpose, the Compensation Committee of the Company's Board of Directors ("Committee") has granted the Grantee restricted shares of unregistered common stock of Company, subject to the terms and conditions provided in this Restricted Stock Award Agreement ("Agreement") and the Haynes International, Inc. 2020 Incentive Compensation Plan (the "Plan").  All terms not herein defined shall have the meaning set forth in the Plan.  In the event of any conflict between the provisions of the Plan and the provisions of this Agreement, the terms, conditions and provisions of the Plan shall control, and this Agreement shall be deemed to be modified accordingly.
In consideration of the premises, the Company and the Grantee agree as follows:
Agreement
1.Grant.  The Company hereby grants the Grantee «Number_of_Shares» whole shares of unregistered common stock of the Company, which shares ("Restricted Shares") shall be subject to the terms, conditions and restrictions specified in this Agreement and the Plan.  The Committee has determined that (disregarding restrictions imposed by this Agreement and the Plan that lapse upon the Grantee's interest becoming vested) the Restricted Shares have a per-share fair market value ("Value") of $FMV.
2.Closing.  The transfer of the Restricted Shares ("Closing") shall occur simultaneously with the execution of this Agreement.  Concurrently with the execution of this Agreement, (i) the Company shall deliver to the Grantee a certificate, registered in the Grantee's name, representing the Restricted Shares, and (ii) the Grantee shall deliver to the Company a duly executed stock power, endorsed in blank, relating to the Restricted Shares.
3.Custody.  The Grantee understands that, although the certificates representing the Restricted Shares shall be registered in the Grantee's name, all such certificates (other than for Restricted Shares that have vested) shall be deposited, together with the stock power executed by the Grantee, in proper form for transfer, with the Company.  The Company is hereby authorized to effectuate the transfer into its name of all certificates representing the Restricted Shares that are forfeited to the Company pursuant to Section 6 of this Agreement.  Following the vesting of all 

​

Exhibit 10.25

Restricted Shares subject to this Agreement, or earlier, if requested by the Grantee, the Company shall issue an appropriate certificate for those Restricted Shares that have become vested. 
4.Nontransferability of Restricted Shares.  Until such time as the Restricted Shares become vested, the Grantee shall not have any right to sell, assign, transfer, pledge, hypothecate, or otherwise dispose of the Restricted Shares.  The Grantee represents and warrants to the Company that he/she shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of the Restricted Shares in violation of applicable securities laws, the Plan or the provisions of this Agreement.
5.Vesting.  The Grantee's interest in the Restricted Shares shall vest and become nonforfeitable as follows:  Except as otherwise provided herein or in the Plan, the Grantee's interest in the Restricted Shares shall vest in 50% of the Restricted Shares on each of the first and second anniversaries of the Effective Date, provided that the Grantee is still employed by the Company.
Notwithstanding the preceding paragraph of this Section 5, the Grantee's interest in the Restricted Shares not previously vested or forfeited shall become 100% vested upon the occurrence of a Change in Control (as defined in the Plan).
6.Forfeiture.  Except as set forth herein or in the Plan, if the Grantee ceases to be an employee of the Company for any reason before becoming 100% vested in the Restricted Shares, the unvested portion of the Restricted Shares shall not vest, and the Grantee's interest in the unvested portion of the Restricted Shares shall be immediately forfeited effective as of the date of such termination of service.
7.Voting and Other Rights.  The Grantee shall have absolute beneficial ownership of the Restricted Shares, including the right to vote any and all Restricted Shares and to receive dividends or other distributions thereon, subject to the vesting restrictions set forth in Section 5, until the earlier of the date on which such Restricted Shares shall be forfeited as provided herein or the date on which the Grantee ceases to own such shares. 
8.Grantee Representations.  The Grantee represents and warrants to the Company that:
(a)he/she is acquiring the Restricted Shares for his/her own account for investment and not with a view to or for resale in connection with any distribution of the Restricted Shares and that he/she has no present intention of distributing or reselling the Restricted Shares;
(b)the certificate or certificates representing the Restricted Shares shall bear an appropriate legend relating to restrictions on transfer; and
(c)he/she has not (a) directly or indirectly rendered services to or for an organization, or engaged in a business, that is, in the judgment of the Committee, in competition with the Company or (b) disclosed to anyone outside of the Company, or used for any purpose other than the Company's business, any confidential or proprietary information or material relating to the Company. 

​

Exhibit 10.25

9.Adjustments for Changes in Capitalization of the Company.  In the event of any merger, reorganization, consolidation, recapitalization, separation, split-up, liquidation or other change affecting the Shares, an adjustment shall be made to the Restricted Shares to the extent provided under the terms of the Plan.  
10.Securities Laws.  The Grantee understands that applicable securities laws may restrict the right of the Grantee to dispose of any Restricted Shares which the Grantee may acquire hereunder and govern the manner in which such Restricted Shares may be sold.  The Grantee shall not offer, sell or otherwise dispose of any of the Restricted Shares in any manner which would (a) require the Company to file any registration statement with the Securities Exchange Commission (the "SEC"), (b) require the Company to amend or supplement any registration statement which the Company may at any time have on file with the SEC, or (c) violate the 1933 Act or any other state or federal law.
11.Withholding Taxes.  If the grant or other transfer of the Restricted Shares, or the vesting of the Restricted Shares, results in taxable compensation income to the Grantee, (i) if Grantee has executed the authorization set forth on Exhibit A attached hereto, or so notified the Company in writing at least 6 months prior to the vesting, the Grantee hereby authorizes the Company to transfer shares of stock from the Grantee to the Company in a number sufficient to satisfy Grantee’s withholding tax obligation with respect to the vesting shares in the percentage specified by the Grantee, subject to a maximum of twenty-five percent (25%) of the amount of such taxable compensation or such other percentage as may from time to time be specified or permitted by the Internal Revenue Service, or (ii) if Grantee has not executed such authorization or given such notice, collect any federal, state or local taxes from the Grantee by lump sum or installment payroll deduction(s) approved by the Finance Department or, if that is not possible or desirable, the Grantee agrees to make direct payment of the applicable taxes to the Company as provided in the Plan.
12.Integration.  This Agreement supersedes any and all prior and/or contemporaneous agreements, either oral or in writing, between the parties hereto, with respect to the subject matter hereof.  Each party to this Agreement acknowledges that no representations, inducements, promises, or other agreements, oral or otherwise, have been made by any party, or anyone acting on behalf of any party, pertaining to the subject matter hereof, which are not embodied herein, and that no prior and/or contemporaneous agreement, statement or promise pertaining to the subject matter hereof that is not contained in this Agreement shall be valid or binding on either party.
13.Impact of Agreement on Employment or Service. Nothing contained in this Agreement or the Plan shall restrict the right of the Company or any of its Subsidiaries to terminate Grantee’s employment or service at any time with or without Cause subject to any written employment agreement.
14.Acknowledgments by Grantee. By signing this Agreement, the Grantee acknowledges that he/she (a) has received a copy of the Plan and is familiar with the terms and provisions of the Plan and the Agreement, and (b) agrees to accept as binding, conclusive and final all decisions and interpretations of the Company’s Board of Directors and Committee upon any questions arising under the Plan or this Agreement.

​

Exhibit 10.25

15.Successors.  This Agreement shall be binding upon and inure to the benefit of any successor of the Company and any successors, assigns or estate of the Grantee, including his/her executors, administrators and trustees.
16.Amendment.  No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is in writing and signed by the party against whom such modification, waiver or discharge is sought to be enforced.
17.Governing Law.  The validity, interpretation, construction and performance of this Agreement will be governed by and construed in accordance with the substantive laws of the State of Indiana, without giving effect to the principles of conflict of laws of such State.
​
IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement, effective on the date specified in the first paragraph hereof.
​
GRANTEEHaynes International, INC.
​
​
​ ​​ ​​ ​​ ​​ ​​ ​By:  ​ ​​ ​​ ​​ ​​ ​​ ​
	«Participant_Name»
	   «Company Officer»​

​

​

Exhibit 10.23

STOCK POWER
​
For Value Received, the undersigned hereby sells, assigns and transfers unto Haynes International, Inc., «Number_of_Shares» («Typed_Number_of_Shares») shares of common stock, $0.001 par value, of Haynes International, Inc. (the "Company"), standing in his/her name on the books of the Company and does hereby irrevocably constitute and appoint the Secretary of the Company attorney-in-fact to transfer those shares on the books of the Company with full power of substitution in the premises.
Dated and effective as of the ​ ​  ​ ​ day of                    ​ ​,                    .
​
​
By:_______________________________________
      «Participant_Name»​
​
​
​
​
In the presence of:
​
​
​ ​​ ​​ ​​ ​​ ​​ ​​ ​​
Witness Signature
​
​ ​​ ​​ ​​ ​​ ​​ ​​ ​​
Witness Printed Name

​

Exhibit 10.23

EXHIBIT A
​
AUTHORIZATION
​
​
The undersigned hereby authorizes and directs the Company to satisfy any withholding tax obligation that may arise in connection with the vesting of all restricted shares granted to me under the attached Restricted Stock Award Agreement by transferring to the Company shares of restricted stock having a fair market value (as determined in accordance with the Haynes International, Inc. 2020 Incentive Compensation Plan, as amended from time to time) 
​
CHOOSE your withholding (check one): 
​
            Equal to the IRS statutory requirements for withholding; or 
​
             Equal to ______% of the fair market value (as determined in accordance with the Plan) of the vesting shares 
​
​
​
____________________________________
«Participant_Name»​

​Document

INTUIT INC. PERFORMANCE INCENTIVE PLAN

Amended and Restated effective October 28, 2020

1.Overview:   Intuit Inc.’s Performance Incentive Plan (“IPI”) is a program under which Intuit pays discretionary c ash bonus awards to select employees.  Awards, if any, are paid annually. The amount of an Award, if any, is based upon the employee’s bonus target, the performance of Intuit or any portion thereof, as applicable, during the plan year, the employee’s performance during the plan year, and the bonus pool made available for payments under the IPI for the applicable plan year.
2.Purposes
  The IPI is a component of Intuit’s overall strategy to pay its employees for performance. The purposes of IPI are to: (i) attract and retain top performing employees; (ii) motivate employees by tying compensation to the performance of Intuit or any portion thereof, as applicable; and (iii) reward exceptional individual performance that supports overall Intuit objectives.
3.Definitions

a.“Award” means any cash bonus payment made under the IPI.
b.“CEO” means Intuit’s Chief Executive Officer.
c.“Code” means the Internal Revenue Code of 1986, as amended.
d.“Compensation Committee” means the Compensation and Organizational Development Committee of the Board of Directors of Intuit Inc.
e.“Intuit” means Intuit Inc. and its subsidiaries, including its subsidiaries which are incorporated outside of the United States of America, as well as branches, representative or liaison offices registered outside of the United States of America.
f.“Participant” means an employee to whom an Award is granted under the IPI.
g.“Section 409A” means Section 409A of the Code and the regulations and other interpretive guidance issued thereunder, including any such regulations or guidance that may be amended or issued after the effective date hereof.
h.“Senior Officers” means the CEO, Chief Financial Officer, any Executive Vice President, any other officer who is an officer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and any Senior Vice President that reports directly to the CEO. 
4.Eligibility

  Unless otherwise required by applicable law, all employees of Intuit who are on the payroll of Intuit are eligible to participate in the IPI for a plan year, except for employees who (a) are classified as seasonal employees, (b) are classified as interns/project employees, (c) participate in other incentive compensation plans that specifically exclude an employee’s participation in the IPI, including, but not limited to, sales incentive compensation plans and contact center incentive compensation plans, (d) participate in an incentive compensation plan sponsored by Intuit for international employees that is designed to provide a cash incentive benefit to such employees comparable to or in lieu of the IPI, (e) work for Intuit on a purely commission basis, (f) commence employment pursuant to an offer letter which excludes participation in the IPI, (g) as otherwise determined by the Compensation Committee at any time in its sole discretion, or (h) as otherwise determined under Section 10.  Participants in the IPI are not eligible to participate simultaneously in any other cash bonus or cash incentive plan, unless the Compensation Committee (with respect to Participants who are Senior Officers) or the Officer in charge of Human Resources or his or her delegate (with respect to other Participants) otherwise specifically approves such participation.  An employee must commence employment or otherwise become eligible to participate in the IPI no later than March 31st of the applicable plan year to be eligible for an Award for such plan year. Being a Participant does not entitle the individual to receive an Award.  Awards, if any, may become payable to Participants who meet the criteria set forth in Section 6 below.
5.Plan Year
  The IPI operates on a fiscal year basis (August 1 through July 31).
6.Bonus Awards
  Awards are discretionary payments.  Unless otherwise required by applicable law or as set forth in the terms of a Participant’s employment agreement with Intuit, a Participant must be an active employee in good standing and on the payroll of Intuit on July 31st of the applicable plan year to receive a bonus payment for that plan year.  Except as set forth in the terms of a Participant’s employment agreement with Intuit, a Participant who is not actively employed and on Intuit’s payroll for any reason on July 31st of the applicable plan year is not entitled to a partial or pro rata Award for such plan year, unless otherwise required by applicable law. Intuit may make exceptions in its sole discretion; provided, however, any such exception must be made by the Compensation Committee (with respect to Participants who are Senior Officers) or the Officer in charge of Human Resources or his or her delegate (with respect to other Participants).  There is no minimum award or guaranteed payment. Awards are calculated at the discretion of the Compensation Committee after (1) considering the corporate and financial goals of Intuit or any portion thereof, as applicable, the Participant’s bonus target and performance for the plan year, and other factors considered to be relevant by the Compensation Committee, and (2) the bonus pool has been determined and made available for Awards under the IPI for the plan year.
a.Bonus Targets:
i.For each Participant who is paid an annual salary, his or her bonus target shall be established as a percentage of the Participant’s annual base salary. For each Participant who is paid on an hourly basis, his or her bonus target shall be established as a 
2

percentage of the Participant’s projected annual hourly pay based on the number of hours that the Participant is expected to work.  A Participant who is not a Participant for an entire plan year may have his or her bonus target calculated with respect to a portion of his or her annual base salary or projected annual hourly pay for such plan year. To the extent required by applicable law, if a Participant has received overtime pay, Intuit will take such pay into consideration in the calculation of the Award.
ii.When an employee becomes a Participant, he or she shall be advised of his or her bonus target for the applicable plan year.

iii.The Compensation Committee shall establish individual bonus targets for Senior Officers who are Participants. The CEO may establish individual bonus targets for other officers who are Participants. Bonus targets for other employees whose bonus targets are not established by the Compensation Committee or the CEO shall be established by the Officer in charge of Human Resources or his or her delegate in consultation with the CEO.
iv.A Participant’s bonus target for a plan year may be determined based upon a variety of factors, including the corporate and financial goals of Intuit or any portion thereof, his or her base salary or base pay, position or level.  A bonus target does not guarantee that an Award will be made or, if an Award is made, that it will be made at the target rate.
b.Performance Goals for Senior Officers: The following provisions shall apply with respect to Awards for Participants who are Senior Officers.
i.The Compensation Committee shall establish performance goals applicable to a particular fiscal year (or performance period) at a time when the outcome of the performance goals is substantially uncertain. 
ii.A performance goal applicable to a fiscal year (or performance period) shall be stated in terms of a particular performance criteria, or growth or other changes in the amount, rate or value of one or more performance criteria, either individually, alternatively or in any combination, applied to either Intuit as a whole or to a business unit, division, business segment or function or subsidiary, either individually, alternatively or in any combination, and measured on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, either based upon Generally Accepted Accounting Principles (“GAAP”) or non-GAAP financial results, in each case as specified by the Compensation Committee.
iii. The Compensation Committee shall determine the target level of performance that must be achieved with respect to each criterion that is identified in a performance goal in order for a performance goal to be treated as attained.
3

iv. The Compensation Committee shall base performance goals on one or more business criteria. In the event performance goals are based on more than one business criterion, the Compensation Committee may determine to make Awards upon attainment of the performance goal relating to any one or more of such criteria, provided the performance goals, when established, are stated as alternatives to one another at the time the performance goal is established.
v.The Compensation Committee shall certify, in writing, if and the extent to which the performance goal or goals have been satisfied before the Award is paid. The Compensation Committee may appropriately adjust any evaluation of performance under a performance goal.
c.Determination of a Bonus Award Amount:
i.The amount of an Award, if any, to a Participant who is a Senior Officer shall be determined by the Compensation Committee, in consultation with the CEO (other than with respect to the CEO’s Award and the Executive Chairman of the Board’s Award). The amount of an Award, if any, to a Participant who is not a Senior Officer shall be determined by the executive leader of the Participant’s business unit or functional group and CEO in consultation with the Participant’s direct manager and the Officer in charge of Human Resources or his or her delegate.
ii.A Participant’s Award, if any, may be linked to an assessment of the achievement of corporate and financial goals of Intuit or any portion thereof and the Participant’s total job performance for the applicable plan year.  Factors that may be considered, include but are not limited to, what the Participant does to advance Intuit’s success and how the Participant does it, especially leadership, balance of short-term actions with long-term goals, resource allocation and maintenance by the Participant of focus on Intuit while prioritizing the needs of customers, employees and stockholders.  Notwithstanding the foregoing or anything in the IPI to the contrary, the amount of the bonus, if any, payable to a Participant under the IPI shall be determined in the sole discretion of Intuit (by the applicable decision maker(s) described in Section 6(b)(i) above), which determination may be based on the foregoing assessment or any other considerations deemed appropriate.
iii.There is no minimum amount of an Award that may be paid to a Participant for a plan year. During any Intuit fiscal year, no Participant shall receive an Award of more than $5,000,000. Subject to the terms and conditions of Section 6, at Intuit’s discretion, an Award amount may be prorated based on the length of a Participant’s service or other factors; provided, however, that decisions relating to Senior Officers must be made by the Compensation Committee.
iv.Intuit shall withhold all applicable federal, state, local and foreign taxes required by law to be withheld relating to the receipt or payment of any Award.
4

d.When Awards are Paid:  The timing for payment of an Award shall be determined by the Officer in charge of Human Resources or his or her delegate in consultation with the CEO and other senior management of Intuit. Except to the extent required by applicable law, a Participant has no right to an Award or any portion thereof until it is earned upon being determined in accordance with Section 6(b). Notwithstanding the foregoing, in the event of an administrative error in the calculation or payment of an Award to a Participant, Intuit reserves the right to seek recovery from a Participant of an erroneously paid excessive bonus amount.  Once an Award is no longer subject to a “substantial risk of forfeiture” (as determined pursuant to Section 409A), then it shall be paid not later than the later of: (i) 21⁄2 months after the end of Intuit’s first taxable year when the Award is no longer subject to such “substantial risk of forfeiture,” or (ii) 21⁄2 months after the end of such Participant’s first taxable year when the Award is no longer subject to such “substantial risk of forfeiture”; unless a later date is established by Intuit, or Intuit permits the Participant to designate a later date, in either case only as permitted under Section 409A. Except as expressly provided herein, the payment of an Award requires that the Participant be an active employee and on Intuit’s payroll on the last day of the Performance Period to receive any portion of the Award. Exceptions to the foregoing requirement may be made in the case of (A) death or disability, (B) as provided in a Participant’s employment agreement, if any, or (C) in the case of a corporate change in control as determined by an authorized person under Section 10 in its sole discretion.
e.Clawback:  In the event that Intuit issues a restatement of its financial results for a period in the last three fiscal years with respect to which an Award was determined after payment of such Award to a Senior Officer, which restatement decreases the level of achievement of one or more performance goals from the level(s) previously certified by the Compensation Committee, then, in the discretion of the Compensation Committee, such Participant will be required to deliver to Intuit, within 30 days after such Participant’s receipt of written notification from Intuit, an amount in cash equal to the amount of the Award that would not have been paid to the Participant based on the restated financial results.
7.Unfunded
  The IPI is not funded.  Awards, if any, shall be made from the general assets of Intuit and paid in the form of cash. To the extent any person acquires a right to receive payments from Intuit under this Plan, such rights shall be no greater than the rights of an unsecured creditor of Intuit’s. No trust, account or other separate fund or segregation of assets will be established for payments pursuant to the Plan.

8.Approval of Funding: The Compensation Committee shall determine in its sole discretion the amount of funds that shall be made available for Awards based on the performance of Intuit or any portion thereof for the applicable plan year, but which may not in any event exceed 150% of the bonus targets for all Participants who are not Senior Officers, calculated on an aggregate, company-wide basis. The performance of Intuit or any portion thereof for this purpose may be measured in a number of ways, including: financial measures, such as revenue and operating income; qualitative measures, such as accomplishments to position the business for the future; the year’s market conditions; stockholder returns; and progress of Intuit’s business 
5

model.  Intuit shall have no obligation to pay any Awards simply because the Compensation Committee has determined that a certain sum has been made available from which to pay Awards.  But in no event may the amount of the aggregate Awards paid under the IPI for a given plan year exceed the amount of funds made available by the Compensation Committee.
9.Amendment or Termination
  Each of the Compensation Committee and the Board has the authority to terminate, change, modify or amend the provisions of the IPI at any time in its sole discretion, including during or after a plan year, which termination, change, modification or amendment may have retroactive effect. Furthermore, the CEO, Chief Financial Officer and Officer in charge of Human Resources each individually has the authority to make amendments to the IPI that do not significantly increase the cost of the IPI or increase or create the opportunity for an increase in the amount which a Senior Officer receives under the Plan, and which in such individual’s determination (a) clarify the terms of the IPI; (b) assist in the administration of the IPI; (c) are necessary or advisable for the IPI to comply with applicable law; or (d) are necessary or advisable for Awards to be exempt from or comply with the requirements of Section 409A.
10.Administration and Discretion
  The Compensation Committee, and except as otherwise required for Senior Officers under the Charter of the Compensation Committee or as otherwise expressly provided in the IPI, the CEO and the officer in charge of Human Resources or his or her delegate, each have the discretion to: (a) adopt such rules, regulations, agreements and instruments as deemed necessary to administer the IPI; (b) interpret the terms of the IPI; (c) determine an employee’s eligibility under the IPI; (d) determine whether a Participant is to receive an Award; (e) determine the amount of any Award to a Participant, if any; (f) determine when an Award is to be paid to a Participant and whether any such Award should be prorated based on the Participant’s service or other factors; (g) determine whether an Award will be made in replacement of or as an alternative to any other incentive or compensation plan of Intuit or of an acquired business unit or corporation; (h) grant waivers of IPI standard procedures and policies; (i) correct any defect, supply any omission, or reconcile any inconsistency in the IPI, any Award or any notice to Participants or a Participant regarding Awards; and (j) take any and all other actions as deemed necessary or advisable for the proper administration of the IPI, including any actions deemed necessary or advisable for compliance with local laws.
11.Participation Provides No Guarantee of Employment
  Except where prohibited or to the extent limited by local law, employment at Intuit is at-will.  Participation in the IPI in no way constitutes an employment contract conferring either a right or obligation of continued employment.
12.Nature of Participation; No Entitlement; No Claim for Compensation
  The IPI is established voluntarily by Intuit Inc.; it is discretionary in nature and may be modified, amended, suspended or terminated as provided in Section 9 at any time.  Participants have no right or entitlement to compel Intuit to exercise its discretion in favor of a Participant or in any other manner.  Any payment of a bonus under the IPI is voluntary and occasional and does not create any contractual or other right to receive future grants of bonuses, or benefits in lieu 
6

thereof, even if bonuses have been granted under the IPI or similar plans repeatedly in the past.  All decisions with respect to any future bonus payments, if any, will be at the sole discretion of Intuit.  Participation in the IPI is voluntary.  Any bonus payment under the IPI is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to Intuit (including, as applicable, a Participant’s employer) and which is outside the scope of a Participant’s employment contract, if any.  Any bonus payment under the IPI is not part of normal or expected compensation or salary for any purpose, including calculating any severance, resignation, termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. Any rights of a Participant under the Plan shall not be assignable by such Participant, by operation of law or otherwise, except by will or the laws of descent and distribution. No Participant may create a lien on any funds or rights to which he or she may have an interest under the Plan, or which is held by Intuit for the account of the Participant under the Plan.
13.Section 409A: The IPI is intended to be exempt from Section 409A and shall be administered and interpreted accordingly. Notwithstanding any other provision of the IPI, if any provision of the IPI conflicts with the requirements of Section 409A, the requirements of Section 409A shall supersede any such provision. In no event will Intuit be liable for any additional tax, interest or penalties that may be imposed on a Participant by Section 409A or any damages for failing to comply with Section 409A.
14.Governing Law:  The IPI will be governed by and construed in accordance with the laws of the State of California, without regard to choice of law principles of California or other jurisdictions.  Any action, suit, or proceeding relating to the IPI, any bonus target or Award shall be brought in the state or federal courts of competent jurisdiction in Santa Clara County in the State of California.
15.Interpretation:  Headings are for convenience only and are not deemed to be part of the IPI.  The words “hereof,” “herein” and “hereunder” and words of similar import, when used in the IPI, shall refer to the IPI as a whole and not to any particular provision of the IPI.  All references herein to Sections shall, unless the context requires a different construction, be deemed to be references to the Sections of the IPI.  The word “or” as used herein is not exclusive and is deemed to have the meaning “and/or.”  All references to “including” shall be construed as meaning “including without limitation.”  Unless the context requires otherwise, all references herein to a law, agreement, instrument or other document shall be deemed to refer to such law, agreement, instrument or other document as amended, supplemented, modified and restated from time to time to the extent permitted by the provisions thereof.  All references to “dollars” or “$” in the IPI refer to United States dollars.  Whenever the context may require, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural and vice versa.

Approved by the
Compensation and Organizational Development Committee
On October 28, 2020
7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}]]