Document:

2011 Cooper-Standard Automotive Inc. Annual Incentive Plan.

 Exhibit 10.17 
 COOPER-STANDARD AUTOMOTIVE INC. 
 ANNUAL INCENTIVE PLAN 

ARTICLE 1. 
 PURPOSE AND DURATION 
 Section 1.1. Purpose. This Cooper-Standard
Automotive Inc. Annual Incentive Plan is intended to motivate key employees of the Company and its Affiliates who have the prime responsibility for the operations of the Company and its Affiliates to achieve performance objectives, measured on an
annual basis, that are aligned with the Company’s strategic goals and which are intended to result in increased value to the shareholders of the Company. Awards granted under Section 10 of the Cooper-Standard Holdings Inc. 2011 Omnibus
Incentive Plan will be subject to the terms of this Plan in addition to the terms of the Omnibus Incentive Plan, although in the event of any discrepancy between the terms of this Plan and the terms of the Omnibus Incentive Plan, the terms of the
Omnibus Incentive Plan shall control. Capitalized terms not otherwise defined herein shall have the same meanings as in the Omnibus Incentive Plan. 
 Section 1.2. Duration. The Plan is effective for performance periods beginning as of January 1, 2011, and will remain in effect until terminated pursuant to Article 9. 

ARTICLE 2. 
 DEFINITIONS AND CONSTRUCTION 
 Section 2.1. Definitions. Wherever used
in the Plan, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word is capitalized: 
 (a) “Affiliate” means, with respect to an entity, any entity directly or indirectly controlling, controlled by, or under common control with, such first entity. 

(b) “Administrator” means, with respect to Executive Officers, the Committee, and with respect to all other Executives, the
Chief Executive Officer of the Company. 
 (c) “Base Salary” of a Participant means the annual rate of base pay in
effect for such Participant as of the last day of the Performance Period, or such other date as the Administrator specifies. 

(d) “Board” means the Board of Directors of the Company. 

(e) “Company” means Cooper-Standard Automotive Inc., and any successor thereto as provided in Article 12. 

(f) “Committee” means the Compensation Committee of the Board. 

(g) “Covered Employee” has the meaning given in Code Section 162(m). 

 (h) “Exchange Act” means the Securities Exchange Act of 1934, as amended. Any
reference to a particular provision of the Exchange Act shall be deemed to include any successor provision thereto. 
 (i)
“Executive” means an employee of the Company duly appointed by the Board as an authorized signatory of the Company for all purposes. 
 (j) “Executive Officer” means an employee of the Company who is an “officer” within the meaning of Rule 16a-1(f) promulgated under the Exchange Act or, if at any time the Company does
not have a class of securities registered pursuant to Section 12 of the Exchange Act, an employee of the Company who would be deemed an “officer” within the meaning of Rule 16a-1(f) if the Company had a class of securities so
registered, as determined by the Board in its discretion. 
 (k) “Inimical Conduct” means any act or omission that is
inimical to the best interests of the Company or any Affiliate, as determined by the Administrator, including but not limited to: (1) violation of any employment, noncompete, confidentiality or other agreement in effect with the Company or any
Affiliate, (2) taking any steps or doing anything which would damage or negatively reflect on the reputation of the Company or an Affiliate, or (3) failure to comply with applicable laws relating to trade secrets, confidential information
or unfair competition. 
 (l) “Participant” means an Executive Officer or Executive who has been granted a Performance
Award by the Administrator. 
 (m) “Performance Award” means an opportunity granted to a Participant to receive a
payment based in whole or part on the extent to which one or more Performance Goals for one or more Performance Measures are achieved for the Performance Period, subject to the conditions described in the Plan and that the Administrator otherwise
imposes. 
 (n) “Performance Measures” means the category of categories of performance that must be achieved as
determined by the Administrator at the time of grant of a Performance Award. Performance Measures may be measured (1) for the Company on a consolidated basis, (2) for any one or more Affiliates or divisions of the Company and/or
(3) for any other business unit or units of the Company or an Affiliate as defined by the Administrator at the time of selection. In addition, the Administrator may prescribe subjective Performance Measures or Performance Measures based on the
Participant’s most recent employment evaluation as a condition to receiving all or any portion of an award payment. 
 (o)
“Performance Goal” means the level(s) of performance for a Performance Measure that must be attained in order for a payment to be made under a Performance Award, and/or for the amount of payment to be determined based on the Performance
Scale. With respect to Performance Awards granted pursuant to Section 10 of the Omnibus Incentive Plan, the Performance Goals must comply with the terms of the Omnibus Incentive Plan. 

(p) “Performance Period” means a period of one fiscal year of the Company or an Affiliate, as selected by the Administrator.

  
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 (q) “Performance Scale” means, with respect to a Performance Measure, a
scale from which the level of achievement may be calculated for any given level of actual performance for such Performance Measure. The Performance Scale may be a linear function, a step function, a combination of the two, or any other manner of
measurement as determined by the Administrator. 
 (r) “Omnibus Incentive Plan” means Cooper-Standard Holdings Inc.
2011 Omnibus Incentive Plan, as from time amended and in effect. 
 (s) “Plan” means the arrangement described herein,
as from time amended and in effect. 
 (t) “Retirement” means termination of employment with the Company and its
Affiliates (without Cause) on or after (1) attainment of age 65 or (2) attainment of age 60 with five (5) Years of Service. 
 (u) “Years of Service” means the employee’s total years of employment with the Company and any Affiliate, including years of employment with an entity that is acquired by the Company prior
to such acquisition. 
 Section 2.2. Gender and Number. Except where otherwise indicated by the context, any masculine term used
herein includes the feminine, the plural includes the singular, and the singular the plural. 
 ARTICLE 3.

 ELIGIBILITY 
 Section 3.1. Eligibility. All Executives shall be eligible to participate in the Plan upon being appointed an Executive and shall remain eligible hereunder for so long as such individual
remains in an Executive position. 
 Section 3.2. New Hires; Transfers In, Out and Between Eligible Positions. 

(a) Notwithstanding Section 3.1, for a key employee who is appointed or promoted into a position that is eligible for a Performance
Award, the Administrator may (1) select such key employee as a Participant at any time during the course of a Performance Period, (2) take action as a result of which there is an additional Performance Award made to a key employee who, as
to a Performance Period that is in progress, is already a Participant and as to whom a Performance Award is already in effect where the additional Performance Award relates to the same Performance Period, or (3) change the Performance Goals,
Performance Measures, Performance Scale or potential award amount under a Performance Award that is already in effect; provided that the discretion described in clause (3) shall not be exercisable with respect to any Participant who is a
Covered Employee unless the exercise of such discretion results in a reduction in the amount that would have otherwise been payable to such individual. In such event, the Administrator may, but is not required to, prorate the amount that would
otherwise be payable under such Performance Award if the Participant had been employed during the entire Performance Period to reflect the period of actual employment during the Performance Period. 

  
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 (b) If a Participant is demoted during a Performance Period, the Administrator may decrease
the potential award amount of any Performance Award, or revise the Performance Goals, Performance Measures or Performance Scale, as determined by the Administrator to reflect the demotion. 

(c) If a Participant is transferred from employment by the Company to the employment of an Affiliate, or vice versa, the Administrator
may revise the Participant’s Performance Award to reflect the transfer, including but not limited to, changing the potential award amount, Performance Measures, Performance Goals and Performance Scale; provided that the discretion described in
this subsection (c) shall not be exercisable with respect to any Participant who is a Covered Employee unless the exercise of such discretion results in a reduction in the amount that would have otherwise payable to such individual. 

Section 3.3. Termination of Employment. 
 (a) Except as otherwise provided under the terms of an employment or severance agreement between a Participant and the Company, or under the Company’s Executive Severance Pay Plan, no Participant
shall earn an incentive award for a Performance Period unless the Participant is employed by the Company or an Affiliate (or is on an approved leave of absence) on the last day of such Performance Period, unless employment was terminated during the
period as a result of Retirement, Disability or death at a time when the Participant could not have been terminated for Cause, or unless payment is approved by the Administrator after considering the cause of termination. 

(b) If a Participant’s employment is terminated as a result of death, Disability or Retirement, at a time when the Participant could
not have been terminated for Cause, then unless the Administrator decides to provide a greater amount, the Participant (or the Participant’s estate in the event of his death) shall be entitled to receive an amount equal to the product of
(x) the amount calculated under Section 5.1 and (y) a fraction, the numerator of which is the number of the Participant’s days of employment during the Performance Period for such award and the denominator of which is the number
of days in the Performance Period for such award. Payment shall be made as provided in Section 5.2. 
 ARTICLE 4.

 CONTINGENT PERFORMANCE AWARDS 
 At the time of grant of a Performance Award, the Administrator shall determine for each award the Performance Measure(s), the Performance Goal(s) for each Performance Measure, the Performance Scale (which
may vary for different Performance Measures), and the amount payable to the Participant if and to the extent the Performance Goals are met (as measured from the Performance Scale). The amount payable to a Participant may be designated as a flat
dollar amount or as a percentage of the Participant’s Base Salary, or may be determined by any other means as the Administrator may specify at the time the Performance Award is granted. The amount payable to any Participant to whom a
Performance Award is granted under Section 10 of the Omnibus Incentive Plan shall be subject to the dollar limit imposed under such plan. 

  
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 ARTICLE 5. 

PAYMENT 

Section 5.1. Evaluating Performance and Computing Awards. 
 (a) As soon as practicable following the close of a Performance Period, the Administrator shall determine whether and to what extent the Performance Goals and other material terms of the Performance Award
issued for such period were satisfied, and shall determine whether any discretionary adjustments under Subsection (b) shall be made. Based on such certification, the Administrator (or its delegee) shall determine the award amount payable to a
Participant under the Performance Award for that Performance Period. 
 (b) The Administrator may adjust each Participant’s
potential award amount under any Performance Award, based upon overall individual performance and attainment of goals up to a maximum of plus fifty percent (+50%) or down to a maximum of minus twenty percent (-20%); provided that with
respect to any Participant who is a Covered Employee, the Administrator shall only be allowed to approve a downward adjustment. 
 Section
5.2. Timing and Form of Payment. When the payment due to the Participant has been determined, payment shall be made in a cash lump sum in the calendar year immediately following the close of the Performance Period, typically as soon as
practicable after the Administrator has certified the extent to which the Performance Goals have been achieved. 
 Section 5.3.
Inimical Conduct. Notwithstanding the foregoing, after the end of the Performance Period for which the payment has accrued, but before payment is made, if the Participant engages in Inimical Conduct, or if the Company determines after a
Participant’s termination of employment that the Participant could have been terminated for Cause, the Performance Award shall be automatically cancelled and no payment or deferral shall be made. The Administrator may suspend payment (without
liability for interest thereon) pending the Administrator’s determination of whether the Participant was or should have been terminated for Cause or whether the Participant has engaged in Inimical Conduct. 

ARTICLE 6. 
 ADJUSTMENTS 
 In the event of any change in the outstanding shares
of Company Common Stock by reason of any stock dividend or split, recapitalization, reclassification, merger, consolidation or exchange of shares or other similar corporate change, then if the Administrator shall determine that such change
necessarily or equitably requires an adjustment in the Performance Goals established under a Performance Award, such adjustments shall be made by the Administrator and shall be conclusive and binding for all purposes of this Plan. No adjustment
shall be made in connection with the issuance by the Company of any warrants, rights, or options to acquire additional shares of Common Stock or of securities convertible into Common Stock, and no such adjustment shall be permitted with respect to
any Participant who is a Covered Employee to the extent such adjustment would cause the Participant’s Performance Award to cease to be qualified performance-based compensation within the meaning of Code Section 162(m). 

  
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 ARTICLE 7. 

RIGHTS OF PARTICIPANTS 
 Section 7.1. No Funding. No Participant shall have any interest in any fund or in any specific asset or assets of the Company or any Affiliate by reason of any Performance Award under the
Plan. It is intended that the Company has merely a contractual obligation to make payments when due hereunder and it is not intended that the Company or any Affiliate hold any funds in reserve or trust to secure payments hereunder. 

Section 7.2. No Transfer. No Participant may assign, pledge, or encumber his or her interest under the Plan, or any part thereof.

 Section 7.3. No Implied Rights; Employment. Nothing contained in this Plan shall be construed to: 

(a) Give any employee or Participant any right to receive any award other than in the sole discretion of the Administrator; 

(b) Limit in any way the right of the Company or an Affiliate to terminate a Participant’s employment at any time; or 

(c) Be evidence of any agreement or understanding, express or implied, that a Participant will be retained in any particular position or
at any particular rate of remuneration. 
 ARTICLE 8. 

ADMINISTRATION 

Section 8.1. General. The Plan shall be administered by the Administrator. 
 Section 8.2. Authority. In addition to the authority specifically provided herein, the Administrator shall have full power and discretionary authority to: (a) administer the Plan,
including but not limited to the power and authority to construe and interpret the Plan; (b) correct errors, supply omissions or reconcile inconsistencies in the terms of the Plan or any Performance Award; (c) establish, amend or waive
rules and regulations, and appoint such agents, as it deems appropriate for the Plan’s administration; and (d) make any other determinations, including factual determinations, and take any other action as it determines is necessary or
desirable for the Plan’s administration. 
 Section 8.3. Decision Binding. The Administrator’s determinations and
decisions made pursuant to the provisions of the Plan and all related orders or resolutions of the Board shall be final, conclusive and binding on all persons who have an interest in the Plan or an award, and such determinations and decisions shall
not be reviewable. 
 ARTICLE 9. 
 AMENDMENT AND TERMINATION 
 Section 9.1. Amendment. The Committee may
modify or amend, in whole or in part, any or all of the provisions of the Plan or any Performance Award, and may suspend the Plan, at any time; 

  
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provided, however, that no such modification, amendment, or suspension may, without the consent of the Participant or his legal representative in the case of his death, adversely affect the
amount of any payment due under the Plan with respect to any Performance Award in effect prior to the date of such modification, amendment or suspension. 
 Section 9.2. Termination. The Committee may terminate the Plan at any time; provided, however, that no such termination may, without the consent of the Participant or his legal
representative in the case of his death, adversely affect the amount of any payment due under the Plan with respect to any Performance Award in effect prior to the date of such termination. 

ARTICLE 10. 

TAX WITHHOLDING 
 The Company shall have the right to deduct from all cash payments made hereunder (or from any other payments due a Participant) any foreign, federal, state, or local taxes required by law to be withheld
with respect to such cash payments. 
 ARTICLE 11. 

OFFSET 
 The Company shall have the right to offset from any amount payable hereunder any amount that the Participant owes to the Company or any Affiliate without the consent of the Participant (or his estate, in
the event of the Participant’s death). 
 ARTICLE 12. 

SUCCESSORS 
 All obligations of the Company under the Plan with respect to Performance Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result
of a direct or indirect purchase, merger, consolidation or otherwise, of all or substantially all of the business and/or assets of the Company. The Plan shall be binding upon and inure to the benefit of the Participants and their heirs, executors,
administrators and legal representatives. 
 ARTICLE 13. 

DISPUTE RESOLUTION 
 Unless prohibited by law, any legal action or proceeding with respect to this Plan or any Performance Award, or for recognition and enforcement of any judgment in respect to this Plan or any Performance
Award, may only be heard in a “bench” trial, and any party to such action or proceeding shall agree to waive its right to a jury trial. Any legal action or proceeding with respect to this Plan or any Performance Award must be brought
within one year (365 days) after the day the complaining party first knew or should have known of the events giving rise to the complaint. 

  
 72011 Cooper-Standard Holdings Inc. Omnibus Incentive Plan.

 Exhibit 10.22 
 COOPER-STANDARD HOLDINGS INC. 
 2011 OMNIBUS INCENTIVE PLAN

 1. Purposes; History 
  

	 	(a)	The purpose of the Plan is to aid the Company and its Affiliates in recruiting and retaining key employees and directors of outstanding ability and to motivate such key
employees and directors to exert their best efforts on behalf of the Company and its Affiliates by providing incentives through the granting of Awards. The Company expects that it will benefit from the added interest which such key employees and
directors will have in the welfare of the Company as a result of their proprietary interest in the Company’s success. 

  

	 	(b)	Prior to the Effective Date, the Company had in effect the Amended and Restated 2010 Cooper-Standard Holdings Inc. Management Incentive Plan (the “Prior
Plan”). Upon the Effective Date, this Plan amends, restates and replaces the Prior Plan in full. Awards outstanding under the Prior Plan shall continue to be outstanding but, upon the Effective Date, shall become subject to the terms and
conditions of this Plan. 

 2. Definitions 
 The following capitalized terms used in the Plan have the respective meanings set forth in this Section: 
 Act: The Securities Exchange Act of 1934, as amended, or any successor thereto. 
 Affiliate: With respect to an entity, any entity directly or indirectly controlling, controlled by, or under common control with, such first entity. 

Agreement: The written agreement between the Company and a Participant evidencing the grant of an Award and setting forth the terms
and conditions thereof. 
 Award: A grant of Options, Stock Appreciation Rights, Shares of Common Stock, Restricted Stock,
Restricted Stock Units, Restricted Preferred Stock, an Incentive Award or any other type of award permitted under and granted pursuant to the Plan. 
 Board: The Board of Directors of the Company. 
 Cause: Cause
(i) in the case of a Participant whose employment with the Company or an Affiliate is subject to the terms of an employment agreement between such Participant and the Company or such Affiliate which includes a

 
definition of “Cause”, shall have the meaning set forth in such employment agreement during the period that such employment agreement remains in effect; and (ii) in all other
cases, shall mean (1) the Participant’s willful failure to perform duties or directives which is not cured following written notice, (2) the Participant’s commission of a (x) felony or (y) crime involving moral
turpitude, (3) the Participant’s willful malfeasance or misconduct which is demonstrably injurious to the Company or its Affiliates, or (4) material breach by the Participant of the restrictive covenants, including, without
limitation, any non-compete, non-solicitation or confidentiality provisions to which the Participant is bound. 
 Change of
Control: The occurrence of any of the following events after the Effective Date: (i) the sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company to any “person” or
“group” (as such terms are defined in Sections 13(d)(3) and 14(d)(2) of the Act) or (ii) any person or group is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Act), directly or indirectly,
of greater than or equal to 50% of the total voting power of the voting stock of the Company, including by way of merger, consolidation or otherwise. 
 Notwithstanding anything in the Plan or an applicable Agreement, if an Award is considered deferred compensation subject to the provisions of Code Section 409A, and if the payment of compensation
under such Award would be triggered upon an event that otherwise would constitute a “Change of Control” but that would not constitute a change of control for purposes of Code Section 409A, then such event shall not constitute a
“Change of Control” for purposes of the payment provisions of such Award. 
 Notwithstanding the foregoing, a Change of
Control shall not be deemed to have occured as a result of (x) the Company’s emergence from Chapter 11 as contemplated by the Plan of Reorganization, (y) the execution and delivery of the Commitment Agreement or (z) the
consummation of the transactions provided in the Commitment Agreement and/or the Plan of Reorganization (or otherwise contemplated by the Commitment Agreement and/or the Plan of Reorganization to occur prior to or on or about the Emergence Date);
provided that the foregoing exception shall not apply if a Backstop Purchaser (A) entered into any written shareholder or voting agreement (other than the Commitment Agreement, the Ancillary Agreements or the Plan of Reorganization),
(B) purchased or acquired pre-petition claims with respect to the Senior Subordinated Notes (including the purchase or acquisition of any such pre-petition claim held by any other Backstop Purchaser or its affiliates, but excluding any purchase
or acquisition by a Backstop Purchaser or its affiliates in its broker/dealer, market making, flow trading or other non-proprietary trading activities), or (C) assigned the Commitment Agreement or its obligations thereunder pursuant to
Section 12 of the Commitment Agreement, in the case of each of clauses (A), (B) and (C), only if such action resulted in such Backstop Purchaser having beneficial ownership of greater than or equal to 50% of the total voting power of the
Company’s voting power upon emergence. For purposes of clarification, (i) neither (a) the 

  
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agreements and arrangements involving Backstop Purchasers contemplated by the Commitment Agreement or the Plan of Reorganization to occur or exist prior to, on or about the Emergence Date nor
(b) any agreements or arrangements by Backstop Purchasers at any time prior to, on or after the Emergence Date to dispose of any or all of their securities of the Company shall be taken into account in determining whether such Backstop
Purchasers constitute a “group” for purposes of determining whether a Change of Control has occurred and (ii) the acquisition by any person of any equity interest in the Company at any time following the issuance of Backstop Purchaser
Shares, Rights Offering Shares and Warrants (including the Backstop Purchaser Warrants) pursuant to the Plan of Reorganization (other than any acquisition from any Backstop Purchaser that is agreed to between such Backstop Purchaser and its
transferee or assignee and consummated on or about the Emergence Date) shall not be deemed a transaction provided for in the Commitment Agreement or the Plan of Reorganization. Capitalized terms used in this paragraph and not defined in the Plan
shall have the meanings assigned to them in the Commitment Agreement. 
 Code: The Internal Revenue Code of 1986, as
amended, and any successor thereto. Reference in the Plan to any section of the Code shall be deemed to include any regulations or other interpretive guidance under such section, and any amendments or successor provisions to such section,
regulations or guidance. 
 Commitment Agreement: The Commitment Agreement dated as of March 19, 2010 by and between
the Company and the Backstop Purchasers. 
 Committee: The Board or any committee to which the Board delegates duties and
powers hereunder; provided that, on and after the first day on which a registration statement registering the Common Stock under Section 12 of the Act becomes effective, such committee shall be comprised solely of at least two directors, each
of whom must qualify as an “outside director” within the meaning of Code Section 162(m) and as a “non-employee” director within the meaning of Rule 16b-3 promulgated under the Act. 

Common Stock: The shares of common stock, par value $0.001 per share, of the Company. 

Company: Cooper-Standard Holdings Inc., a Delaware corporation. 

Director: A member of the Board. 
 Disability: Disability means (i) in the case of a Participant whose employment with the Company or an Affiliate is subject to the terms of an employment agreement between such Participant and
the Company or such Affiliate, which employment agreement includes a definition of “Disability”, the term “Disability” as used in this Plan or any Agreement shall have the meaning set forth in such employment agreement during the
period that such employment agreement remains in effect; and (ii) in all other cases, the Participant becomes physically or 

  
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mentally incapacitated and is therefore unable for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period to
perform the Participant’s duties (such incapacity is hereinafter referred to as “Disability”). Any question as to the existence of the Disability of the Participant as to which the Participant and the Company cannot agree shall be
determined in writing by a qualified independent physician mutually acceptable to the Participant and the Company. If the Participant and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those
two physicians shall select a third who shall make such determination in writing. The determination of Disability made in writing to the Company and the Participant shall be final and conclusive for all purposes of the Agreement. 

Effective Date: The effective date of the Plan is January 1, 2011. 

Emergence Date: The effective date of the Plan of Reorganization. 

Employment: The term “Employment” as used herein shall be deemed to refer to a Participant’s employment if the
Participant is an employee of the Company or any of its Affiliates or to a Participant’s services as a non-employee director, if the Participant is a non-employee member of the Board. For the avoidance of doubt, a Participant’s Employment
shall be deemed to remain in effect so long as the Participant is either an employee of the Company or any of its Affiliates or a non-employee member of the Board. 
 Equity: The Common Stock, the Preferred Stock, and the Warrants. 
 Fair
Market Value: On a given date, (i) the closing price of a Share on the date in question (or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred) on the principal stock market or
exchange on which the Shares are quoted or traded, (ii) if the Shares are traded in an over-the-counter market, the last sales price (or, if there is no last sales price reported, the average of the closing bid and asked prices) for the Shares
on the particular date, or on the last preceding date on which there was a sale of Shares on that market, or (iii) if the Shares are not quoted or traded on a stock market, exchange, or over-the-counter market, the Fair Market Value of the
Shares will be as determined in good faith by the Committee. 
 Future Grant: Awards that may be granted at any time after
the Emergence Date in accordance with the terms of the Plan. 
 Good Reason: Good Reason (i) in the case of a
Participant whose employment with the Company or an Affiliate is subject to the terms of an employment agreement between such Participant and the Company or such Affiliate which employment includes a definition of “Good Reason”, shall have
the meaning set forth in such employment agreement during the period that such employment agreement remains in effect; and (ii) in all other cases, shall mean (1) a substantial 

  
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diminution in the Participant’s position or duties; adverse change of reporting lines; or assignment of duties materially inconsistent with the Participant’s position; (2) any
reduction in the Participant’s base salary or annual bonus opportunity other than a reduction which is applied generally to other similarly-situated employees in a similar manner; (3) any reduction in the Participant’s long-term cash
incentive compensation opportunities, other than reductions generally affecting other employees participating in the applicable long-term incentive compensation programs or arrangements; (4) the failure of the Company or an Affiliate to pay the
Participant any compensation or benefits when due under any employment agreement between the Participant and the Company or such Affiliate; (5) relocation of the Participant’s principal place of work in excess of fifty (50) miles from
the Participant’s then principal place of work; or (6) any material breach by the Company or an Affiliate, as applicable, of the terms of any employment agreement between the Participant and the Company or such Affiliate; provided that
none of the events described in (1) through (6), above, shall constitute Good Reason unless the Company or its Affiliate, as applicable, fails to cure such event within 10 calendar days after receipt from the Participant of written notice of
the event which constitutes Good Reason. 
 Incentive Award: The right to receive a cash payment to the extent Performance
Goals are achieved, including “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11. 
 Initial Grant: Awards granted on the Emergence Date in accordance with the terms of the Plan. 
 Option: A non-qualified stock option granted pursuant to Section 6. 

Option Price: The purchase price per Share of an Option, as determined pursuant to Section 6(a). 

Participant: With respect to the Initial Grant, a key employee of the Company or its Affiliates, who received an Initial Grant.
With respect to any Future Grant, a key employee or director of the Company or its Affiliates who is selected by the Committee to participate in the Plan. 
 Performance Goals: Any goals the Committee establishes that relate to one or more of the following with respect to the Company or any one or more Affiliates or other business units: net income;
operating income; income from continuing operations; net sales; cost of sales; revenue; gross income; earnings (including before taxes, and/or interest and/or depreciation and amortization); net earnings per share (including diluted earnings per
share); price per share; cash flow; net cash provided by operating activities; net cash provided by operating activities less net cash used in investing activities; net operating profit; pre-tax profit; ratio of debt to debt plus equity; return on
stockholder equity; total stockholder return; return on capital; return on assets; return on equity; return on investment; return on revenues; operating working capital; working capital as a percentage of net

  
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sales; cost of capital; average accounts receivable; economic value added; performance value added; customer satisfaction; customer loyalty and/or retention; employee safety; employee engagement;
market share; system reliability; cost structure reduction; regulatory outcomes; diversity; cost savings; operating goals; operating margin; profit margin; sales performance; and internal revenue growth. As to each Performance Goal, the Committee,
in its discretion, may exclude or include the effects of the following: (i) charges for reorganizing and restructuring; (ii) discontinued operations; (iii) asset write-downs; (iv) gains or losses on the disposition of a business
or asset; (v) changes in tax or accounting principles, regulations or laws; (vi) currency fluctuations; (vii) mergers, acquisitions or dispositions; (viii) extraordinary, unusual and/or non-recurring items of gain or loss that
the Company identifies in its audited financial statements, including notes to the financial statements, or Management’s Discussion and Analysis section of the Company’s annual report; and (ix) any other excluded item that the
Committee designates either at the time an Award is made or at any time thereafter; provided that, to the extent Code Section 162(m) is applicable to an Award, the Committee’s exercise of discretion shall be precluded to the extent
required by Code Section 162(m). In addition, in the case of Awards that the Committee determines at the date of grant will not be considered “performance-based compensation” under Code Section 162(m), the Committee may establish
other Performance Goals not listed in this Plan and may make any adjustments to such Performance Goals as the Committee determines. Where applicable, the Performance Goals may be expressed, without limitation, in terms of attaining a specified level
of the particular criterion or the attainment of an increase or decrease (expressed as absolute numbers or a percentage) in the particular criterion or achievement in relation to a peer group or other index. The Performance Goals may include a
threshold level of performance below which no payment will be made (or no vesting will occur), levels of performance at which specified payments will be paid (or specified vesting will occur), and a maximum level of performance above which no
additional payment will be made (or at which full vesting will occur). 
 Person: A “person”, as such term is
used for purposes of Section 13(d) or 14(d) of the Act (or any successor section thereto). 
 Plan: The
Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan. 
 Plan of Reorganization: The second amended Chapter 11 plan
of reorganization, of the Company confirmed by the United States Bankruptcy Court for the District of Delaware effective as of May 27, 2011. 
 Preferred Stock: The shares of preferred stock, par value $0.001 per share, of the Company designated as 7% Cumulative Participating Convertible Preferred Stock in the Company’s Certificate of
Designations for the 7% Cumulative Participating Convertible Preferred Stock. 

  
 6 

 Restricted Preferred Stock: The shares of Preferred Stock granted pursuant to the
Restricted Preferred Stock Awards. 
 Restricted Preferred Stock Awards: Awards of Restricted Preferred Stock granted
pursuant to Section 8. 
 Restricted Stock: The shares of Common Stock granted pursuant to the Restricted Stock
Awards. 
 Restricted Stock Awards: Awards of Restricted Stock granted pursuant to Section 8. 

Restricted Stock Unit: The right to receive cash and/or Shares of Common Stock the value of which is equal to the Fair Market Value
of one Share of Common Stock, granted pursuant to Section 8. 
 Retirement: Termination of employment with the
Company and its Affiliates (without Cause) on or after (1) attainment of age 65 or (2) attainment of age 60 with five (5) years of service. For purposes hereof, “years of service” means the employee’s total years of
employment with the Company and any Affiliate, including years of employment with an entity that is acquired by the Company prior to such acquisition. 
 Rule 16b-3: Rule 16b-3 as promulgated by the United States Securities and Exchange Commission under the Act. 
 Section 16 Participants: Participants who are subject to the provisions of Section 16 of the Act. 
 Share: A share of Common Stock, Preferred Stock, Restricted Stock or Restricted Preferred Stock, as applicable. 
 Stock Appreciation Right or SAR: The right of a Participant to receive cash, and/or Shares with a Fair Market Value equal to the appreciation of the Fair Market Value of a Share during a specified
period of time, granted pursuant to Section 7. 
 Warrants: Warrants to purchase shares of Common Stock having the
terms as set forth in the Warrant Agreement dated as of May 27, 2010 between the Company and Computershare Inc. and Computershare Trust Company, N.A. 
 3. Shares Subject to the Plan 
 The total number of Shares which shall be
issued under the Plan as the Initial Grant is as follows: (1) 4% of the Common Stock (or 757,896 shares of Common Stock, plus, subject to realized dilution on the Warrants, an additional 104,075 shares of Common Stock) to be granted as
Restricted Stock; (2) 4% of the Preferred Stock (convertible into 178,783 shares of Common Stock) to be granted as Restricted Preferred Stock; and (3) 3% of the Equity (or 

  
 7 

 
702,509 shares of Common Stock, plus, subject to realized dilution on the Warrants, an additional 78,057 shares of Common Stock) to be granted as Options. The total number of Shares which may be
issued under the Plan as the Future Grant, to be issued incrementally, is 3% of the Equity (or 702,509 shares of Common Stock, plus, subject to realized dilution on the Warrants, 78,057 shares of Common Stock). The issuance of Shares or the payment
of cash upon the exercise of an Award (denominated in or that relates to Shares) or in consideration of the cancellation or termination of an Award (denominated in or that relates to Shares) shall reduce the total number of Shares available under
the Plan, as applicable. Shares which are subject to Awards which terminate or lapse without the payment of consideration may be granted again under the Plan. 
 Subject to adjustment as provided in Section 12, to the extent Code Section 162(m) is applicable, no Participant may be granted Awards that could result in such Participant: 

 

	 	(a)	Receiving, during any fiscal year of the Company, Options for, and/or SARs with respect to, more than 400,000 Shares; 

 

	 	(b)	Receiving, during any fiscal year of the Company, Awards of Restricted Stock and/or Restricted Stock Units relating to more than 200,000 Shares;

  

	 	(c)	receiving, with respect to Annual Incentive Award(s) granted in respect of any single fiscal year of the Company, a cash payment (or a grant of Shares of Common Stock,
Restricted Stock or Restricted Stock Units having a Fair Market Value at the time of grant) of more than $10,000,000; 

  

	 	(d)	receiving, with respect to Long-Term Incentive Award(s) granted in respect of any period greater than one year, and which all have performance periods ending in the
same fiscal year, a cash payment (or a grant of Shares of Common Stock, Restricted Stock or Restricted Stock Units having a Fair Market Value at the time of grant) of more than $10,000,000. 

In all cases, to the extent Code Section 162(m) is applicable, determinations under this Section 3 should be made in a manner
that is consistent with the exemption for performance-based compensation that Code Section 162(m) provides. 
 4. Administration

  

	 	(a)	 The Plan shall be administered by the Committee, which may delegate its duties and powers in whole or in part to any subcommittee thereof; provided,
however, that, on and after the first day on which a registration statement registering the Common Stock under Section 12 of the Act becomes effective, no such delegation is permitted with respect to Awards made to Section 16 Participants
at the time any such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of two or more “non-employee directors” within the meaning of Rule 16b-3 promulgated
under the Exchange Act or does not relate to awards intended to qualify as performance-based compensation under Code Section 162(m). The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations

  
 8 

	 	 
relating to the Plan, and to make any other determinations that it deems necessary or desirable for the administration of the Plan. The Committee may correct any defect or supply any omission or
reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or desirable. The Committee shall have the full power and authority to establish the terms and conditions of any Award consistent with the
provisions of the Plan and to waive any such terms and conditions at any time (including, without limitation, accelerating or waiving any vesting conditions). Notwithstanding the foregoing, no outstanding Award may be amended pursuant to this
Section 4 without compliance with Section 16(b). 

  

	 	(b)	The Committee shall require payment of any amount it may determine to be necessary to withhold for federal, state, local or other taxes as a result of the exercise,
grant or vesting of an Award, and the Company shall have no obligation to deliver Shares under an Award unless and until such amount is so paid. Unless the Committee specifies in an Agreement or otherwise, the Participant may elect to pay a portion
or all of the minimum statutory required withholding taxes by (a) delivery in Shares or (b) having Shares withheld by the Company from any Shares that would have otherwise been received by the Participant, in each case having a Fair Market
Value equal to such withholding tax amount. 

 5. Limitations 

No Award may be granted under the Plan after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond
that date. 
 6. Terms and Conditions of Options 
 The Committee may grant Options to any Participant it selects. Options granted under the Plan shall be subject to the following terms and conditions and to such other terms and conditions, not
inconsistent therewith, as the Committee shall determine and set forth in an Agreement between the Company and the Participant: 
  

	 	(a)	Option Price. 

 Initial
Grant: The Option Price shall be the Fair Market Value of a Share on the Emergence Date. 
 Future Grants: The Option
Price shall be determined by the Committee, but shall not be less than 100% of the Fair Market Value of a Share on the date the applicable Option is granted. 
 No Option may be amended, and neither the Committee nor the Company may take any other action the effect of which is, to reduce the Option Price other than (i) adjustments made pursuant to
Section 12 that do not constitute modifications under Treasury Regulation §1.409A-1(b)(5)(v)(B), or (ii) in connection with a transaction which is considered the grant of a new option for purposes of Code Section 409A, provided
that the new Option Price is not less than the Fair Market Value of a Share on the new grant date. 

  
 9 

	 	(b)	Vesting. Subject to Section 12(b), each Option shall become vested at such times as may be designated by the Committee and set forth in the applicable
Agreement. 

  

	 	(c)	Exercisability. Options shall be exercisable at such time and upon such terms and conditions as may be determined by the Committee and set forth in the
applicable Agreement, but in no event shall an Option be exercisable more than ten years after the date it is granted. 

  

	 	(d)	Exercise of Options. Except as otherwise provided in the Plan or in an Agreement, an Option may be exercised for all, or from time to time, any part, of the
Shares for which it is then exercisable. For purposes of this Section 6, the exercise date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable, the date payment is received by the
Company pursuant to clauses (i), (ii), (iii), (iv) or (v) of the following sentence. The Option Price for the Shares as to which an Option is exercised shall be paid to the Company in full at the time of exercise at the election of the
Participant (i) in cash or its equivalent (e.g., by check), (ii) to the extent permitted by the Committee, in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and satisfying such other
requirements as may be imposed by the Committee; provided, that such Shares are not subject to a security interest or pledge, (iii) partly in cash and, to the extent permitted by the Committee, partly in such Shares, (iv) if
approved by the Committee and subject to such rules as the Committee prescribes, by having the Company withhold a number of Shares otherwise deliverable upon exercise of the Option having a Fair Market Value equal to the aggregate Option Price for
the Shares being purchased, or (v) if there is a public market for the Shares at such time and if the Committee has authorized or established any required plan or program, through the delivery of irrevocable instructions to a broker to sell
Shares obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such Sale equal to the aggregate Option Price for the Shares being purchased. No Participant shall have any rights to dividends
or other rights of a shareholder with respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option, paid in full for such Shares and, if applicable, has satisfied any other conditions imposed by the
Committee pursuant to the Plan. 

  

	 	(e)	Attestation. Wherever in this Plan or any Agreement a Participant is permitted to pay the Option Price of an Option or taxes relating to the exercise of an
Option by delivering Shares, the Participant may, subject to procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company shall treat the Option as
exercised without further payment and shall withhold such number of Shares from the Shares acquired by the exercise of the Option. 

  
 10 

 7. Stock Appreciation Rights. 

The Committee may grant SARs to any Participant it selects. Subject to the terms of this Plan, the Committee will determine all terms and
conditions of each SAR, including but not limited to: (a) whether the SAR is granted independently of an Option or relates to an Option; (b) the grant date, which may not be any day prior to the date that the Committee approves the grant;
(c) the number of Shares to which the SAR relates; (d) the grant price, which may never be less than the Fair Market Value of the Shares subject to the SAR as determined on the date of grant; (e) the terms and conditions of exercise
or maturity, including vesting; (f) the term, provided that an SAR must terminate no later than ten (10) years after the date of grant; and (g) whether the SAR will be settled in cash, Shares or a combination thereof. If an SAR is
granted in relation to an Option, then unless otherwise determined by the Committee, the SAR shall be exercisable or shall mature at the same time or times, on the same conditions and to the extent and in the proportion, that the related Option is
exercisable and may be exercised or mature for all or part of the Shares subject to the related Option. Upon exercise of any number of SARs, the number of Shares subject to the related Option shall be reduced accordingly and such Option may not be
exercised with respect to that number of Shares. The exercise of any number of Options that relate to an SAR shall likewise result in an equivalent reduction in the number of Shares covered by the related SAR. 

No SAR may be amended, and neither the Committee nor the Company may take any other action the effect of which is, to reduce the grant
price of an SAR other than (i) adjustments made pursuant to Section 12 that do not constitute modifications under Treasury Regulation §1.409A-1(b)(5)(v)(B), or (ii) in connection with a transaction which is considered the grant
of a new SAR for purposes of Code Section 409A, provided that the new grant price is not less than the Fair Market Value of a Share on the new grant date. 
 8. Restricted Stock Awards, Restricted Preferred Stock Awards and Restricted Stock Units 
  

	 	(a)	Grant. As part of the Initial Grant, the Committee shall grant Restricted Stock Awards and Restricted Preferred Stock Awards to any Participant it selects, which
shall be evidenced by an Agreement between the Company and the Participant. In addition, subject to the provisions of the Plan, the Committee may determine to whom and when any Future Grants of Restricted Stock Awards, Restricted Preferred Stock
Awards and/or Restricted Stock Units will be made, which shall be evidenced by an Agreement between the Company and the Participant. Each Agreement shall contain such restrictions, terms and conditions as the Committee may, in its discretion,
determine and (without limiting the generality of the foregoing) such Agreement may require that an appropriate legend be placed on Share certificates. Awards of Restricted Stock, Restricted Preferred Stock and Restricted Stock Units shall be
subject to the terms and provisions set forth below in this Section 8. 

  

	 	(b)	 Rights of Participant. A stock certificate or certificates with respect to the Shares of Restricted Stock or Restricted Preferred Stock shall be
issued in the name of the Participant as soon as reasonably practicable after the Award is granted provided that the Participant has executed an Agreement evidencing the Award,

  
 11 

	 	 
the appropriate blank stock powers and, in the discretion of the Committee, an escrow agreement and any other documents which the Committee may require as a condition to the issuance of such
Shares; provided that the Committee may determine instead that such Shares shall be evidenced by book-entry registration. If a Restricted Stock Unit is settled in Shares, a stock certificate or certificates with respect to such Shares shall be
issued in the name of the Participant as soon as reasonably practicable after, and to the extent of, such settlement. If a Participant shall fail to execute the Agreement evidencing a Restricted Stock Award, Restricted Preferred Stock Award or
Restricted Stock Unit, or any documents which the Committee may require within the time period prescribed by the Committee at the time the Award is granted, the Award shall be null and void. At the discretion of the Committee, any certificates
issued in connection with a Restricted Stock Award, Preferred Restricted Stock Award or settlement of a Restricted Stock Unit shall be deposited together with the stock powers with an escrow agent (which may be the Company) designated by the
Committee. Unless the Committee determines otherwise and as set forth in the applicable Agreement, upon delivery of the certificates to the escrow agent or the book-entry registration, as applicable, the Participant shall have all of the rights of a
stockholder with respect to such Shares, including the right to vote the Shares and subject to Section 8(e), to receive all dividends or other distributions paid or made with respect to such Shares. 

 

	 	(c)	Non-transferability. Until all restrictions upon the Shares of Restricted Stock or Restricted Preferred Stock or Restricted Stock Units awarded to a Participant
shall have lapsed in the manner set forth in Section 8(d), such Shares or such Restricted Stock Unit, as applicable, shall not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated.

  

	 	(d)	Lapse of Restrictions. Except as set forth in Section 12(b), restrictions upon Shares of Restricted Stock or Restricted Preferred Stock or upon Restricted
Stock Units awarded hereunder shall lapse at such time or times and on such terms and conditions as the Committee may determine. The applicable Agreement shall set forth any such restrictions. 

 

	 	(e)	Treatment of Dividends. The payment to the Participant of any dividends or distributions declared or paid on such Shares of Restricted Stock or Restricted
Preferred Stock, or on Shares of Common Stock underlying a Restricted Stock Unit, awarded to the Participant shall be deferred until the lapsing of the restrictions imposed upon such Shares or the settlement of such Restricted Stock Unit, as
applicable. Any such deferred dividends or distributions may be credited during the deferral period with interest at a rate per annum as the Committee, in its discretion, may determine. Payment of any such deferred dividends or distributions,
together with any interest accrued thereon, shall be made upon the lapsing of the restrictions imposed on such Shares or the settlement of such Restricted Stock Units and any such deferred dividends or distributions (together with any interest
accrued thereon) shall be forfeited upon the forfeiture of such Shares or such Restricted Stock Units. 

  
 12 

 9. Other Stock-Based Awards. 
 Subject to the terms of this Plan, the Committee may grant to Participants other types of Awards, which may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on,
Shares, either alone or in addition to or in conjunction with other Awards, and payable in Shares or in cash. Without limitation, such Award may include the issuance of unrestricted Shares, which may be awarded in payment of director fees, in lieu
of cash compensation, in exchange for cancellation of a compensation right, as a bonus, or upon the attainment of Performance Goals or otherwise, or rights to acquire Shares from the Company; provided that no more than an aggregate of 35,000 Shares
may be issued pursuant to Awards made under this Section 9. The Committee shall determine all terms and conditions of the Award, including but not limited to, the time or times at which such Awards shall be made, and the number of Shares to be
granted pursuant to such Awards or to which such Award shall relate; provided that any Award that provides for purchase rights shall be priced at no less than 100% of the Fair Market Value of the underlying Shares on the grant date of the Award.

 10. Annual Incentive Awards 
 Subject to the terms of this Plan, the Committee will determine all terms and conditions of an Annual Incentive Award, including but not limited to the Performance Goals, performance period, the potential
amount payable, the type of payment, and the timing of payment, subject to the following: (a) the Committee must require that payment of all or any portion of the amount subject to the Annual Incentive Award is contingent on the achievement or
partial achievement of one or more Performance Goals during the period the Committee specifies, although the Committee may specify that all or a portion of the Performance Goals subject to an Award are deemed achieved upon a Participant’s
death, Disability or a Change of Control or, in the case of Awards that at the date of grant the Committee determines will not be considered performance-based compensation under Code Section 162(m) or to which the Committee determines Code
Section 162(m) is inapplicable, retirement (as defined by the Committee) or such other circumstances as the Committee may specify; (b) the performance period must relate to a period of at least one fiscal year of the Company except that,
if the Award is made at the time of commencement of employment with the Company or on the occasion of a promotion, then the Award may relate to a period shorter than one fiscal year; and (c) payment will be in cash except to the extent that the
Committee determines that payment will be made in the form of a grant of Shares of Common Stock, Restricted Stock or Restricted Stock Units, either on a mandatory basis or at the election of the Participant, having a Fair Market Value at the time of
grant equal to the amount payable with respect to the Annual Incentive Award; provided, that any such determination by the Committee or election by the Participant must be made in accordance with the requirements of Code Section 409A.

 11. Long-Term Incentive Awards 
 Subject to the terms of this Plan, the Committee will determine all terms and conditions of a Long-Term Incentive Award, including but not limited to the Performance Goals, performance period, the
potential amount payable, the type of payment, and the timing of payment, subject to the following: (a) the Committee must require that payment of all or any portion of the amount subject to the Long-Term Incentive Award is contingent on the
achievement or partial achievement of one or more Performance Goals during the period the 

  
 13 

 
Committee specifies, although the Committee may specify that all or a portion of the Performance Goals subject to an Award are deemed achieved upon a Participant’s death, Disability or a
Change of Control or, in the case of Awards that at the date of grant the Committee determines will not be considered performance-based compensation under Code Section 162(m) or to which the Committee determines Code Section 162(m) is
inapplicable, retirement (as defined by the Committee) or such other circumstances as the Committee may specify; (b) the performance period must relate to a period of more than one fiscal year of the Company except that, if the Award is made at
the time of commencement of employment with the Company or on the occasion of a promotion, then the Award may relate to a shorter period; and (c) payment will be in cash except to the extent that the Committee determines that payment will be
made in the form of a grant of Shares of Common Stock, Restricted Stock or Restricted Stock Units, either on a mandatory basis or at the election of the Participant, having a Fair Market Value at the time of grant equal to the amount payable with
respect to the Long-Term Incentive Award; provided, that any such determination by the Committee or election by the Participant must be made in accordance with the requirements of Code Section 409A. 

12. Adjustments Upon Certain Events 
 Notwithstanding any other provisions in the Plan to the contrary, the following provisions shall apply to all Equity Awards granted under the Plan: 

 

	 	(a)	Generally. In the event of any change in the outstanding Shares after the Effective Date by reason of any Share dividend or split, reorganization,
recapitalization, merger, consolidation, spin-off, combination, combination or transaction or exchange of Shares or other corporate exchange, or any distribution to shareholders of Shares other than regular cash dividends, or any other transaction
which in the judgment of the Board necessitates an adjustment to prevent dilution or enlargement of the benefits or potential benefits intended to be made under the Plan, the Committee shall make such substitution or adjustment, in such manner as it
deems equitable, as to (i) the number or kind of Shares or other securities issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the Option Price or grant price and/or (iii) any other affected
terms of such Awards. 

 Unless the Committee determines otherwise, any such adjustment to an Award that is exempt
from Code Section 409A shall be made in a manner that permits the Award to continue to be so exempt, and any adjustment to an Award that is subject to Code Section 409A shall be made in a manner that complies with the provisions thereof.
Further, the number of Shares subject to any Award payable or denominated in Shares must always be a whole number. Notwithstanding the foregoing, in the case of a stock dividend (other than a stock dividend declared in lieu of an ordinary cash
dividend) or subdivision or combination of the Shares (including a reverse stock split), if no action is taken by the Board or Committee, adjustments contemplated by this subsection that are proportionate shall nevertheless automatically be made as
of the date of such stock dividend or subdivision or combination of the Shares. 

  
 14 

	 	(b)	Change of Control. 

 (i) Initial Grant Awards. In the event of a Change of Control after the Effective Date, 50% of the then unvested portion of all outstanding Initial Grant Awards shall vest (and any restrictions
thereon shall lapse). The remaining outstanding Initial Grant Awards shall vest (and any restrictions thereon shall lapse) in accordance with their terms; provided however, that upon a termination of a Participant’s Employment by the Company
and its Affiliates without Cause or by the Participant for Good Reason within two years after such Change of Control, the remaining outstanding Initial Grant Awards shall vest (and any restrictions thereon shall lapse) with respect to the remaining
outstanding Shares of such Initial Grant Awards. Notwithstanding the foregoing, the Committee may place additional restrictions upon certain Initial Grant Awards in the applicable Agreement. 

(ii) Future Grant Awards. For all outstanding Future Grant Awards, any acceleration in connection with a Change of
Control shall be determined by the Committee and set forth in each Agreement. 
 (iii) Awards Generally.
If and to the extent determined by the Committee in the applicable Agreement or otherwise, any outstanding Awards then held by Participants which are unexercisable or otherwise unvested or subject to lapse restrictions may be deemed exercisable or
otherwise vested or no longer subject to lapse restrictions, as the case may be, as of immediately prior to a Change of Control and the Committee may, but shall not be obligated to, with respect to some or all of the outstanding Awards
(A) cancel such Awards for fair value (as determined in the sole discretion of the Committee) which, in the case of Options, may equal the excess, if any, of the value of the consideration to be paid in the Change of Control transaction to
holders of the same number of Shares subject to such Options (or, if no consideration is paid in any such transaction, the Fair Market Value of the Shares subject to such Options) over the aggregate exercise price of such Options or (B) provide
for the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any affected Awards previously granted hereunder as determined by the Committee in its sole discretion or (C) provide that for a period of
at least 15 days prior to the Change of Control, any such Options shall be exercisable as to all shares subject thereto and that upon the occurrence of the Change of Control, such Options shall terminate and be of no further force and effect.

 13. No Right to Employment or Awards 
 The granting of an Award under the Plan shall impose no obligation on the Company or any Affiliate to continue the Employment of a Participant and shall not lessen or affect the Company’s or
Affiliate’s right to terminate the Employment of such Participant. No Participant or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries
of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated).

  
 15 

 14. Successors and Assigns 
 The Plan shall be binding on all successors and assigns of the Company and a Participant, including without limitation, the estate of such Participant and the executor, administrator, beneficiary or
trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors. 
 15.
Nontransferability of Awards 
 Unless otherwise determined by the Committee, an Award shall not be transferable or
assignable by the Participant otherwise than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant in
accordance with the terms of such Award. 
 16. Amendments and Termination 

 

	 	(a)	Authority to Amend or Terminate. The Board may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made,
(i) without the approval of the shareholders of the Company, if such action would (except as is provided in Section 12 of the Plan), increase the total number of Shares reserved for the purposes of the Plan or (ii) without the consent
of a Participant, if such action would diminish any of the rights of the Participant under any Award theretofore granted to such Participant under the Plan; provided, however, that the Board may amend the Plan in such manner as it deems necessary to
permit the granting of Awards meeting the requirements of the Code or other applicable laws. Notwithstanding the foregoing, the Board may not amend the provisions of Sections 6 and 7 that restrict the repricing of Options and SARs.

  

	 	(b)	Survival of Authority and Awards. To the extent provided in the Plan, the authority of (i) the Committee to amend, alter, adjust, suspend, discontinue or
terminate any Award, waive any conditions or restrictions with respect to any Award, and otherwise administer the Plan and any Award and (ii) the Board or Committee to amend the Plan, shall extend beyond the date of the Plan’s termination.
Termination of the Plan shall not affect the rights of Participants with respect to Awards previously granted to them, and all unexpired Awards shall continue in force and effect after termination of the Plan except as they may lapse or be
terminated by their own terms and conditions. 

 17. International Participants 

With respect to Participants who reside or work outside the United States of America, the Committee may, in its sole discretion, amend the
terms of the Plan or Awards (including granting restricted stock units payable in cash or stock, in lieu of restricted stock) with respect to such Participants in order to conform such terms to the requirements of local law or to address local tax,
securities or legal concerns. 

  
 16 

 18. Choice of Law; Severability 

The Plan shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflicts of laws.

 If any provision of the Plan or any Agreement or any Award (a) is or becomes or is deemed to be invalid, illegal or
unenforceable in any jurisdiction, or as to any Person or Award, or (b) would disqualify the Plan, any Agreement or any Award under any law deemed applicable by the Committee, then such provision shall be construed or deemed amended to conform
to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan, such Agreement or such Award, such provision shall be stricken as to such jurisdiction,
Person or Award, and the remainder of the Plan, such Agreement and such Award shall remain in full force and effect. 
 19. No Guarantee of
Tax Treatment 
 Notwithstanding any provisions of the Plan, the Company does not guarantee to any Participant or any other
Person with an interest in an Award that (a) any Award intended to be exempt from Code Section 409A shall be so exempt, (b) any Award intended to comply with Code Section 409A shall so comply, (c) any Award shall otherwise
receive a specific tax treatment under any other applicable tax law. However, in the event it shall be determined that any Initial Grant is subject to the 20% tax imposed by Code Section 409A, the Company shall, within thirty days of the
imposition of such tax, fully reimburse the Participant for the additional tax of 20%, interest and penalties imposed in connection therewith, levied on the Participant with respect to such Award under Code Section 409A (the “Gross Up
Payment”) as well as for any other tax, including income and withholding taxes, levied on the Participant with respect to the Gross Up Payment. 
 20. General Restrictions 
 Notwithstanding any other provision of the Plan,
the granting of Awards under the Plan and the issuance of Shares in connection with such Awards, shall be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as
may be required, and the Company shall have no liability to deliver any Shares under the Plan or make any payment unless such delivery or payment would comply with all applicable laws and the applicable requirements of any securities exchange or
similar entity. 
 21. Committee 
 No member of the Committee shall be liable for any action, failure to act, determination or interpretation made in good faith with respect to the Plan or any transaction hereunder. The Company hereby
agrees to indemnify each member of the Committee, and each officer or member of any other committee to whom a delegation under Section 4 has been made, for all costs and expenses and, to the extent permitted by applicable law, any liability
incurred in 

  
 17 

 
connection with defending against, responding to, negotiating for the settlement of or otherwise dealing with any claim, cause of action or dispute of any kind arising in connection with any
actions in administering the Plan or in authorizing or denying authorization to any transaction hereunder. 
 22. Effectiveness of the Plan

 The Plan shall be effective as of the Effective Date. 

  
 18

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