Document:

EX-10.1

 Exhibit 10.1 

CAPITAL SENIOR LIVING CORPORATION 

2019 OMNIBUS STOCK AND INCENTIVE PLAN 

ARTICLE 1. PURPOSE OF THE PLAN 
 The purpose of the
Capital Senior Living Corporation 2019 Omnibus Stock and Incentive Plan (the “Plan”) is to advance the interests of Capital Senior Living Corporation and increase shareholder value by providing additional incentives to attract,
retain and motivate those qualified and competent Employees, Directors, and Consultants upon whose efforts and judgment its success is largely dependent. 

ARTICLE 2. DEFINITIONS 
 Wherever the following terms are
used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 

 

	 	2.1	 “Affiliate” shall have the meaning ascribed to such term in Rule 12b-2 promulgated under the Exchange Act. The Board shall have the authority to determine the time or times at which “Affiliate” status is determined within the foregoing definition. 

 

	 	2.2	 “Award” means an Option, an award of Restricted Stock, a Stock Appreciation Right, an award of
Performance Shares, an award of Performance Stock Units, an award of Restricted Stock Units, a Performance-Based Award or any other right or benefit, including any other Award under Article 8, granted to a Participant pursuant to the Plan.

  

	 	2.3	 “Award Agreement” means any written agreement, contract, or other instrument or document
evidencing the terms and conditions of an Award, including through electronic medium. 

  

	 	2.4	 “Board” means the Board of Directors of the Company. 

 

	 	2.5	 “Cause” means, with respect to an Employee, (a) a final,
non-appealable conviction of the Employee for commission of a felony involving moral turpitude, (b) the Employee’s willful gross misconduct that causes material economic harm to the Company or that
brings substantial discredit to the Company’s reputation, or (iii) the Employee’s material failure or refusal to perform his or her duties if such Employee has failed to cure such failure or refusal to perform within thirty
(30) days after the Company notifies the Employee in writing of such failure or refusal to perform. 

  

	 	2.6	 “Change in Control” shall mean the first to occur of: 

 

	 	(a)	 The consummation of a merger, consolidation, statutory share exchange or sale, lease, exchange or other
transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company that requires the consent or vote of the holders of the Company’s Common Stock, other than a consolidation, merger or
share exchange of the Company in which the holders of the Company’s Common Stock immediately prior to such transaction have the same proportionate ownership of common stock of the surviving corporation immediately after such transaction;

  

	 	(b)	 The shareholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company;

	 	(c)	 The cessation of control (by virtue of their not constituting a majority of Directors) of the Board by the
individuals (the “Continuing Directors”) who (i) on the Effective Date were Directors, or (ii) become Directors after the Effective Date and whose election or nomination for election by the Company’s shareholders was
approved by a vote of at least two-thirds of the Directors then in office who were Directors at the Effective Date or whose election or nomination for election was previously so approved;

  

	 	(d)	 The acquisition of beneficial ownership (within the meaning of Rule
13d-3 under the Exchange Act) of an aggregate of 20% or more of the voting power of the Company’s outstanding voting securities (“Voting Securities”) by any person or group (as such term
is used in Rule 13d-5 under the Exchange Act) who beneficially owned less than 15% of the Voting Securities on the Effective Date, or the acquisition of beneficial ownership of an additional 5% of the Voting
Securities by any person or group who beneficially owned at least 15% of the Voting Securities on the Effective Date; provided, however, that notwithstanding the foregoing, an acquisition shall not be described hereunder if the
acquiror is (x) a trustee or other fiduciary holding securities under an employee benefit plan of the Company and acting in such capacity, (y) a wholly-owned subsidiary of the Company or a corporation owned, directly or indirectly, by the
shareholders of the Company in the same proportions as their ownership of voting securities of the Company, or (z) any other person or group who becomes the beneficial owner of not more than 50% of the Voting Securities as a result of a
transaction in which Voting Securities are acquired by such person or group directly from the Company in a transaction that is approved in advance by a majority of the Continuing Directors in a resolution that expressly states that the transaction
is not a Change in Control under this Section 2.6(d); or 

  

	 	(e)	 In a Title 11 bankruptcy proceeding, the appointment of a trustee or the conversion of a case involving the
Company to a case under Chapter 7. 

 Further, if a Change in Control constitutes a payment event with respect to any
Award which provides for the deferral of compensation and is subject to Section 409A of the Code, in order to make payment upon such Change in Control, the transaction or event described above with respect to such Award must also constitute a
“change in ownership,” a “change in the effective control” or a “change in the ownership of substantial assets” of the Company within the meaning of Treasury Regulation
Section 1.409A-3(i)(5) (or any successor provision), and if it does not, payment of such Award will be made pursuant to the Award’s original payment schedule or, if earlier, upon the death of
the Participant, unless otherwise provided in the Award Agreement. 
  

	 	2.7	 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

 

	 	2.8	 “Committee” means the committee of the Board appointed or described in Article 11 to
administer the Plan. 

  

	 	2.9	 “Common Stock” means the common stock of the Company, par value $0.01 per share, and such
other securities of the Company that may be substituted for the Common Stock pursuant to Article 11. 

  

	 	2.10	 “Company” means Capital Senior Living Corporation, a Delaware corporation.

  

	 	2.11	 “Consultant” means any consultant or adviser if: (a) the consultant or advisor renders
bona fide services to the Company or any Subsidiary or Affiliate; (b) the services rendered by the 

  
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consultant or advisor are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the
Company’s securities; and (c) the consultant or advisor is a natural person. 

  

	 	2.12	 “Director” means a member of the Board. 

 

	 	2.13	 “Disability” means, unless otherwise provided in the Award Agreement, that the
Participant would qualify to receive benefit payments under the long-term disability policy, as it may be amended from time to time, of the Company or the Subsidiary or Affiliate to which the Participant provides services regardless of whether the
Participant is covered by such policy. If the Company or the Subsidiary or Affiliate to which the Participant provides service does not have a long-term disability plan in place, “Disability” means that a Participant is unable to carry out
the responsibilities and functions of the position held by the Participant by reason of any medically determined physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant shall not be considered to
have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Board (or its delegate) in its discretion. Notwithstanding the foregoing, for purposes of Incentive Stock Options granted under the Plan,
“Disability” means that the Participant is disabled within the meaning of Section 22(e)(3) of the Code and for purposes of an Award that is subject to Section 409A of the Code, shall mean a “Disability,” within the
meaning of Section 409A of the Code to the extent necessary to comply with Section 409A of the Code. 

  

	 	2.14	 “Dividend Equivalent” means a right granted to a Participant related to the Award of
Restricted Stock, Restricted Stock Units, Performance Shares and/or Performance Units which is a right to accrue the equivalent value of dividends paid on the Shares prior to vesting of the Award (or prior to payment of an Award that is subject to
deferred settlement). Such Dividend Equivalents shall be converted to cash or additional Shares, or a combination of cash and Shares, by such formula and at such time and subject to such limitations as may be determined by the Committee,
provided, however, that in no event shall Dividend Equivalents be paid on any Award that is not vested or that does not become vested in accordance with its terms. 

 

	 	2.15	 “Effective Date” “means March 26, 2019, subject to and contingent on approval of the
Plan by the Company’s stockholders on or within twelve months following such date. 

  

	 	2.16	 “Eligible Individual” means any person who is an Employee, a Consultant or a Director, as
determined by the Committee. 

  

	 	2.17	 “Employee” means a full time or part time employee of the Company or any Subsidiary or
Affiliate, including an officer or Director, who is treated as an employee in the personnel records of the Company or Subsidiary or Affiliate for the relevant period, but shall exclude individuals who are classified by the Company or Subsidiary or
Affiliate as (a) independent contractors or (b) intermittent or temporary, even if any such classification is changed retroactively as a result of an audit, litigation or otherwise. A Participant shall not cease to be an Employee in the
case of (i) any vacation or sick time or otherwise approved paid time off in accordance with the Company or Subsidiary or Affiliate’s policy or (ii) transfers between locations of the Company or between the Company, a Subsidiary
and/or Affiliate. Neither services as a Director nor payment of a director’s fee by the Company or a Subsidiary or Affiliate shall be sufficient to constitute “employment” by the Company or any Subsidiary or Affiliate.

  

	 	2.18	 “Equity Restructuring” shall mean a nonreciprocal transaction between the Company and its
stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization 

  
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through a large, nonrecurring cash dividend, that affects the Shares (or other securities of the Company) or the price of Shares (or other securities) and causes a change in the per share value
of the Shares underlying outstanding Awards. 

  

	 	2.19	 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

  

	 	2.20	 “Fair Market Value” means, as of any given date, (a) if Shares are traded on any
established stock exchange, the closing price of a Share as quoted on the principal exchange on which the Shares are listed, as reported in the Wall Street Journal (or such other source as the Company may deem reliable for such purposes)
for such date, or if no sale occurred on such date, the first trading date immediately prior to such date during which a sale occurred; or (b) if Shares are not traded on an exchange but are regularly quoted on a national market or other
quotation system, the closing sales price on such date as quoted on such market or system, or if no sales occurred on such date, then on the date immediately prior to such date on which sales prices are reported; or (c) in the absence of an
established market for the Shares of the type described in (a) or (b) of this Section 2.20, the fair market value established by the Committee acting in good faith to be reasonable and in compliance with Section 409A of the Code
to the extent necessary to exempt an Award from or comply with Section 409A of the Code. 

 Notwithstanding the
foregoing, for income tax reporting purposes under U.S. federal, state, local or non-US law and for such other purposes as the Committee deems appropriate, including, without limitation, where Fair
Market Value is used in reference to exercise, vesting, settlement or payout of an Award, the Fair Market Value shall be determined by the Company in accordance with uniform and nondiscriminatory standards adopted by it from time to time. 

 

	 	2.21	 “Incentive Stock Option” means an Option that is intended to meet the requirements of
Section 422 of the Code or any successor provision thereto. 

  

	 	2.22	 “Independent Director” means a Director of the Company who qualifies as a “Non-Employee Director” as defined in Rule 16b-3(b)(3) under the Exchange Act, or any successor rule, and an “independent director”
under the NYSE rules (or other principal securities market on which Shares are traded). 

  

	 	2.23	 “Involuntary Termination” shall have the meaning ascribed to such term in the Award Agreement,
or if the term is not defined in the Award Agreement, shall mean the termination of the employment of any Employee which occurs by reason of: 

  

	 	(a)	 such Employee’s involuntary dismissal or discharge by the Company or a Subsidiary or Affiliate for reasons
other than Cause, or 

  

	 	(b)	 such Employee’s voluntary resignation following the initial existence of any of the following conditions:
(A) a material diminution in the Employee’s authority, duties or responsibilities, (B) a material diminution in the Employee’s (i) base salary (including, without limitation, a reduction of base salary by more than 10%) or
(ii) total cash compensation (including base salary and target bonus potential (including, without limitation, a reduction of total target cash compensation by more than 10%), (C) a material change in the geographic location at which the
Employee must perform services (including, without limitation, a change in the Employee’s assigned workplace that increases the Employee’s one-way commute by more than 25 miles), provided and only if
such diminution or change is effected by the Company without the Employee’s written consent. No voluntary resignation by the Employee pursuant to part (A), (B) or (C) 

  
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hereof shall be treated as an Involuntary Termination unless the Employee gives written notice to the Committee advising the Company of such intended resignation (along with the facts and
circumstances constituting the condition asserted as the reason for such resignation) within 60 days after the time the Employee becomes aware of the existence of such condition and provides the Company a cure period of 30 days following such date
that notice is delivered. If the Committee determines that the asserted condition exists and the Company does not cure such condition within the 30-day cure period, the Employee’s termination of
employment or service shall be effective on such 30th day of the cure period. 

  

	 	2.24	 “Non-Employee Director” means a Director of the
Company who is not also an Employee of the Company. 

  

	 	2.25	 “Non-Qualified Stock Option” means an Option that is
not intended to be an Incentive Stock Option. 

  

	 	2.26	 “Option” means a right granted to a Participant pursuant to Article 5 to purchase a specified
number of Shares at a specified price during specified time periods. An Option may be either an Incentive Stock Option or a Non-Qualified Stock Option. 

 

	 	2.27	 “Participant” means any Eligible Individual who, as a Director, Consultant or Employee, has
been granted an Award pursuant to the Plan. 

  

	 	2.28	 “Performance Criteria” means the criteria that the Committee selects for purposes of
establishing the Performance Goal or Performance Goals for a Participant for a Performance Period. The Performance Criteria that will be used to establish Performance Goals include: (a) earnings, including one or more of operating income,
earnings before or after taxes, earnings before or after interest, depreciation, amortization, rent (or restructuring) costs, adjusted EBITDA, adjusted EBITDAR, economic earnings, or extraordinary or special items or book value per share (which may
exclude nonrecurring items); (b) pre-tax income, after-tax income or adjusted net income; (c) earnings per share (basic or diluted); (d) operating profit;
(e) revenue, revenue growth or rate of revenue growth; (f) return on assets (gross or net), return on investment, return on capital, or return on equity; (g) returns on sales or revenues; (h) operating expenses; (i) stock
price appreciation; (j) cash flow, free cash flow, cash flow return on investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital; (k) cash flow from facility operations (CFFO); (l)
facility net operating income (NOI); (m) implementation or completion of critical projects or processes; (n) acquisition financing; (o) cumulative earnings per share growth; (p) operating margin or profit margin; (q) containment
of Company expenses, (r) expense targets, reductions and savings, productivity and efficiencies; (s) strategic business criteria, consisting of one or more objectives based on meeting specified market penetration, geographic business
expansion, employee satisfaction, resident satisfaction, human resources management, supervision of litigation and/or information technology goals, goals relating to acquisitions, divestitures, joint ventures and/or similar transactions and/or goals
relating to budget comparisons; (t) personal professional objectives, including, without limitation, any of the foregoing performance goals, the implementation of policies and plans, the negotiation of transactions, the development of long term
business goals, formation of joint ventures, research or development collaborations, and the completion of other corporate transactions; (u) any combination of, or a specified increase or decrease in, any of the foregoing; and (v) any
other criteria as determined by the Committee in its sole discretion, any of which may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a peer group or securities or stock market index.

  
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	 	2.29	 “Performance Goals” means, for a Performance Period, the goals established in writing by the
Committee for the Performance Period based upon the Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance, the performance
of a Subsidiary or Affiliate, the performance of a division or a business unit of the Company or a Subsidiary or Affiliate, or the performance of an individual. The Committee, in its discretion, may appropriately adjust or modify the calculation of
Performance Goals for such Performance Period (a) in the event of, or in anticipation of, any unusual or infrequently occurring corporate item, transaction, event, or development, or (b) in recognition of, or in anticipation of, any other
unusual, infrequently occurring or nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business
conditions. 

  

	 	2.30	 “Performance Period” means one or more periods of time which may be of varying and overlapping
durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award. 

 

	 	2.31	 “Performance Share” means a right granted to a Participant pursuant to Section 8.1
hereof, to receive Shares, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee. 

 

	 	2.32	 “Performance Stock Unit” means a right granted to a Participant pursuant to Section 8.2
hereof, to receive Shares (or value of Shares in cash), the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee 

 

	 	2.33	 “Plan” means this 2019 Omnibus Stock and Incentive Plan, as it may be amended from time to
time. 

  

	 	2.34	 “Restricted Stock” means Shares awarded to a Participant pursuant to Article 6 that are
subject to certain restrictions as set forth in the Award Agreement. 

  

	 	2.35	 “Restricted Stock Unit” means an Award granted pursuant to Section 8.3 hereof and shall
be evidenced by a bookkeeping entry representing the equivalent of one Share. 

  

	 	2.36	 “Retirement” means, unless otherwise expressly provided in an Award Agreement, a
Participant’s termination of employment or service, which is for any reason other than for Cause, after such Participant’s 65th birthday. 

  

	 	2.37	 “Section 409A Compliance” shall have the meaning assigned to it in
Section 9.6 hereof. 

  

	 	2.38	 “Securities Act” shall mean the U.S. Securities Act of 1933, as amended.

  

	 	2.39	 “Share” means a share of Common Stock. 

 

	 	2.40	 “Stock Appreciation Right” or “SAR” means a right granted pursuant to Article
7 to receive a payment equal to the excess of the Fair Market Value of a specified number of Shares on the date the SAR is exercised over the grant price of the SAR, as set forth in the applicable Award Agreement. 

  
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	 	2.41	 “Subsidiary” means any “subsidiary corporation” as defined in Section 424(f) of
the Code and any applicable regulations promulgated thereunder or any other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 

ARTICLE 3. SHARES SUBJECT TO THE PLAN 
  

	 	3.1	 Number of Shares. Subject to Article 10, the aggregate number of Shares which may be issued or
transferred pursuant to Awards under the Plan shall be 2,250,000 Shares plus (a) any reserved Shares not issued or subject to outstanding awards under the 2007 Omnibus Stock and Incentive Plan For Capital Senior Living Corporation, as
amended (the “Prior Plan”) on the Effective Date, and (b) any Shares that are subject to an award granted under the Prior Plan that is outstanding on the Effective Date, but that ceases to be subject to the award due to the
award’s forfeiture, cancelation, or expiration, or because the award is paid or settled in cash. All Shares reserved for issuance under the Plan may be (but are not required to be) issued or transferred pursuant to Incentive Stock Options.
Following the Effective Date, no additional awards will be granted under any the Prior Plan; provided, that, all awards granted under the Prior Plan will remain subject to the terms of the Prior Plan. 

 

	 	(a)	 Share Reserve Counting. Shares subject to Awards granted under the Plan shall be counted against the
maximum limit set forth in this Section 3.1 as one (1) Share for every one (1) Share subject to the granted Award. 

  

	 	(b)	 Shares Reissuable Under Plan. To the extent that an Award terminates, expires, lapses for any reason, or
is settled in cash, any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan. Further, any Shares tendered by a Participant or withheld by the Company to satisfy the tax withholding obligation related
to any Award other than an Option or SAR shall again be available for the grant of an Award pursuant to the Plan Any Shares that again become available for the grant of Awards pursuant to this Section 3.1(b) shall be added back as one
(1) Share for each Share subject to each type of Award. Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as
an incentive stock option under Section 422 of the Code. 

  

	 	(c)	 Shares Not Counted Against Share Pool Reserve. To the extent permitted by applicable law and/or any
applicable stock exchange rule, Shares issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of combination by the Company or any Subsidiary or Affiliate (“Substitute Awards”)
shall not be counted against Shares available for grant pursuant to this Plan. Additionally, to the extent permitted by applicable law and/or any applicable stock exchange rule in the event that a company acquired by the Company or any company with
which the Company or any Subsidiary or Affiliate combines has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the shares
available for grant pursuant to the terms of such pre-existing plan (as appropriately adjusted to reflect the transaction) may be used for grants of Awards under the Plan and shall not reduce the Shares
available for issuance under the Plan, and Shares subject to such Awards (which, for the avoidance of doubt, exclude Substitute Awards) may again become available for Awards under the Plan as provided under Section 3.1(b) above;
provided, that, Awards using such available shares (or any Shares that again become available for issuance under the Plan under 

  
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Section 3.1(b) above): (i) shall not be granted after the date awards or grants could have been made under the terms of
the pre-existing plan, absent the acquisition or combination; (ii) shall be made only to individuals who were not Employees, Directors or Consultants of the Company or any of its Subsidiaries or
Affiliates prior to such acquisition or combination; and (iii) shall otherwise be granted in compliance with applicable stock exchange listing standards. In addition, the payment of Dividend Equivalents in cash pursuant to any outstanding
Awards shall not be counted against the Shares available for issuance under the Plan. 

  

	 	(d)	 Shares Not Reissuable Under Plan. Notwithstanding the foregoing, the following Shares shall not be added
to the Shares authorized for grant under Section 3.1: (i) any Shares tendered by a Participant or withheld by the Company to satisfy the grant or exercise price or tax withholding obligation related to an Option or SAR; (ii) Shares not
issued or delivered as a result of the net settlement of an outstanding Option or SAR and (iii) Shares repurchased by the Company on the open market with the proceeds of the exercise price from Options. 

 

	 	3.2	 Shares Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of
authorized and unissued Shares, treasury Shares or Shares purchased on the open market. 

  

	 	3.3	 Limitation on Number of Shares Subject to Awards. Notwithstanding any provision in the Plan to the
contrary, and subject to Article 10, the maximum number of Shares with respect to one or more Awards that may be granted to any one Participant during any calendar year shall be 1,000,000 Shares and the maximum amount that may be paid in cash during
any calendar year with respect to any Award shall be $7,500,000. 

  

	 	3.4	 Non-Employee Director Award Limit. Notwithstanding any provision
to the contrary in the Plan or in any policy of the Company regarding compensation payable to a Non-Employee Director, the sum of the grant date fair value (determined as of the grant date in accordance with
Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto) of all Awards payable in Common Stock and the maximum amount that may become payable pursuant to all cash-based Awards that may be granted
under the Plan to an individual as compensation for services as an Non-Employee Director, together with cash compensation paid to the Non-Employee Director in the form
Board and Committee retainer, meeting or similar fees, during any calendar year shall not exceed $600,000. 

 ARTICLE 4. ELIGIBILITY,
PARTICIPATION, MINIMUM VESTING REQUIREMENTS, DIVIDENDS 
  

	 	4.1	 Eligibility. Each Eligible Individual shall be eligible to be granted one or more Awards pursuant to the
Plan. An Eligible Individual who is subject to taxation in the U.S. and who is a service provider to an Affiliate may be granted Options or SARs under this Plan only if, with respect to the Affiliate, the Company qualifies as an “eligible
issuer of service recipient stock” within the meaning of §1.409A-1(b)(5)(iii)(E) of the Treasury Regulations promulgated under Section 409A of the Code (or any successor provision).

  

	 	4.2	 Participation. Subject to the provisions of the Plan, the Committee may, from time to time, select from
among all Eligible Individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No Eligible Individual shall have any right to be granted an Award pursuant to this Plan and the grant of an Award to an
Eligible Individual shall not imply any entitlement to receive future Awards. 

  
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	 	4.3	 Minimum Vesting Requirements. Except as otherwise provided in this Section 4.3, no portion of an
Award may vest before the first anniversary of the date of grant; provided, however, that the Company may grant Awards with respect to up to five percent (5%) of the number of Shares reserved under Section 3.1 without regard to
the minimum vesting period set forth in this Section 4.3. Notwithstanding anything contrary in the immediately preceding sentence: (a) the minimum vesting period set forth in this Section 4.3 shall not apply to Substitute Awards,
Awards that may be settled only in cash, or an Award that vests immediately prior to a Change in Control pursuant to Section 10.1(a) because such Award is not converted, assumed, or replaced by a successor or survivor corporation or a parent or
subsidiary thereof, and (b) the Committee may, at any time following the date of grant of an Award, accelerate the vesting or exercisability of the Award and/or waive any restrictions, conditions or limitations applicable to the Award.

  

	 	4.4	 Dividends and Dividend Equivalents. The Committee may provide that any Award (other than Options and
Stock Appreciation Rights) that relates to shares of Common Stock shall earn dividends or dividend equivalents; provided, that, notwithstanding anything in the Plan to the contrary, the Committee may not provide for the current payment
of dividends or dividend equivalents with respect to any shares of Common Stock subject to an outstanding Award (or portion thereof) that has not vested. For any such Award, the Committee may provide only for the accrual of dividends or dividend
equivalents that will not be payable to the Participant unless and until, and only to the extent that, the Award vests. No dividends or dividend equivalents shall be paid on Options or Stock Appreciation Rights. 

ARTICLE 5. STOCK OPTIONS 
  

	 	5.1	 General. The Committee is authorized to grant Options to Eligible Individuals on the following terms and
conditions: 

  

	 	(a)	 Exercise Price. The exercise price per Share subject to an Option shall be determined by the Committee
and set forth in the Award Agreement; provided, that, subject to Section 5.2(c) hereof, the per Share exercise price for any Option shall not be less than 100% of the Fair Market Value of a Share on the date of grant.

  

	 	(b)	 Time and Conditions of Exercise. Subject to Section 4.3, the Committee shall determine the time or
times at which an Option may be exercised in whole or in part; provided that the term of any Option granted under the Plan shall not exceed ten years. The Committee shall also determine the performance or other conditions, if any, that
must be satisfied before all or part of an Option may be exercised. 

  

	 	(c)	 Payment. The Committee shall determine the methods by which the exercise price of an Option may be paid,
potentially including the following methods: (i) cash or check, (ii) surrender of Shares or delivery of a properly executed form of attestation of ownership of Shares as the Committee may require (including withholding of Shares otherwise
deliverable upon exercise of the Award) which have a Fair Market Value on the date of surrender of attestation equal to the aggregate exercise price of the Shares as to which the Award shall be exercised, (iii) promissory note bearing interest
at no less than such rate as shall then preclude the imputation of interest under the Code, (iv) other property acceptable to the Committee (including through the delivery of a notice that the Participant has placed a market sell order with a
broker with respect to Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price;
provided that payment of such proceeds is then made to the 

  
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Company upon settlement of such sale), (v) by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest
whole number of Shares having an aggregate fair market value that does not exceed the aggregate exercise price (plus withholding taxes, if applicable) and any remaining balance of the aggregate exercise price (and/or applicable withholding taxes)
not satisfied by such reduction in the number of whole Shares to be issued shall be paid by Participant in cash or other form of payment approved by the Committee, or (vi) any combination of the foregoing methods of payment. The Award Agreement
will specify the methods of paying the exercise price available to Participants. The Committee shall also determine the methods by which Shares shall be delivered or deemed to be delivered to Participants. Notwithstanding any other provision of the
Plan to the contrary, no Participant who is a Director or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option, or continue any
extension of credit with respect to the exercise price of an Option with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 

 

	 	(d)	 Evidence of Grant. All Options shall be evidenced by an Award Agreement between the Company and the
Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee. 

  

	 	5.2	 Incentive Stock Options. Incentive Stock Options shall be granted only to Employees of the Company or
any Subsidiary, and the terms of any Incentive Stock Options granted pursuant to the Plan, in addition to the requirements of Section 5.1 hereof, must comply with the provisions of this Section 5.2. 

 

	 	(a)	 Expiration. Subject to Section 5.1(b) and Section 5.2(c) hereof, an Incentive Stock Option may
not be exercised as an Incentive Stock Option to any extent by anyone after the first to occur of the following events: 

  

	 	(i)	 Ten years from the date it is granted, unless an earlier time is set in the Award Agreement;

  

	 	(ii)	 Three months after the Participant’s termination of employment as an Employee; and 

 

	 	(iii)	 One year after the date of the Participant’s termination of employment or service on account of death, or
Disability within the meaning of Section 22(e)(3) of the Code. Upon the Participant’s Disability or death, any Incentive Stock Options exercisable at the Participant’s Disability or death may be exercised by the Participant’s
legal representative or representatives, by the person or persons entitled to do so pursuant to the Participant’s last will and testament, or, if the Participant fails to make testamentary disposition of such Incentive Stock Option or dies
intestate, by the person or persons entitled to receive the Incentive Stock Option pursuant to the applicable laws of descent and distribution. 

  

	 	(b)	 Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Option is granted) of
all Shares with respect to which Incentive Stock Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the
extent that Incentive Stock Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Stock Options. 

  
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	 	(c)	 Ten Percent Owners. An Incentive Stock Option shall be granted to any individual who, at the date of
grant, owns stock possessing more than ten percent of the total combined voting power of all classes of Shares of the Company only if such Option is granted at a price that is not less than 110% of Fair Market Value on the date of grant and the
Option is exercisable for no more than five years from the date of grant. 

  

	 	(d)	 Notice of Disposition. The Participant shall give the Company prompt notice of any disposition of Shares
acquired by exercise of an Incentive Stock Option within (i) two years from the date of grant of such Incentive Stock Option or (ii) one year after the transfer of such Shares to the Participant. 

 

	 	(e)	 Right to Exercise. During a Participant’s lifetime, an Incentive Stock Option may be exercised only
by the Participant. 

  

	 	(f)	 Failure to Meet Requirements. Any Option (or portion thereof) purported to be an Incentive Stock Option,
which, for any reason, fails to meet the requirements of Section 422 of the Code shall be considered a Non-Qualified Stock Option. 

ARTICLE 6. RESTRICTED STOCK AWARDS 
  

	 	6.1	 Grant of Restricted Stock. The Committee is authorized to make Awards of Restricted Stock to any
Eligible Individual selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. All Awards of Restricted Stock shall be evidenced by an Award Agreement. 

 

	 	6.2	 Purchase Price. At the time of the grant of an Award of Restricted Stock, the Committee shall determine
the price, if any, to be paid by the Participant for each Share subject to the Award of Restricted Stock. To the extent required by applicable law, the price to be paid by the Participant for each Share subject to the Award of Restricted Stock shall
not be less than the par value of a Share (or such higher amount required by applicable law). The purchase price of Shares acquired pursuant to the Award of Restricted Stock shall be paid either: (i) in cash at the time of purchase;
(ii) at the sole discretion of the Committee, by services rendered or to be rendered to the Company or a Subsidiary or Affiliate; or (iii) in any other form of legal consideration that may be acceptable to the Committee in its sole
discretion and in compliance with applicable law. 

  

	 	6.3	 Issuance and Restrictions. Restricted Stock shall be subject to such restrictions on transferability and
other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock). These restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such
installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. Further, notwithstanding any provision herein to the contrary, no dividends will be paid on Restricted Stock that has not vested; however,
the Committee, in its discretion, may authorize the accrual of Dividend Equivalents on Restricted Stock. 

  

	 	6.4	 Forfeiture. Subject to Section 4.3, except as otherwise determined by the Committee at the time of
the grant of the Award or thereafter, upon termination of employment or service during the applicable restriction period, Restricted Stock that is at that time subject to restrictions shall be forfeited; provided, however, that the
Committee may (a) provide in any Restricted Stock Award 

  
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Agreement that restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of terminations resulting from specified causes, and (b) in
other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock. 

  

	 	6.5	 Certificates for Restricted Stock. Restricted Stock granted pursuant to the Plan may be evidenced in
such manner as the Committee shall determine. If certificates representing shares of Restricted Stock are registered in the name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions, and restrictions
applicable to such Restricted Stock, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse. 

ARTICLE 7. STOCK APPRECIATION RIGHTS 
  

	 	7.1	 Grant of Stock Appreciation Rights. 

 

	 	(a)	 A Stock Appreciation Right may be granted to any Eligible Individual selected by the Committee. A Stock
Appreciation Right shall be subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose and shall be evidenced by an Award Agreement, provided that the term of any Stock Appreciation Right shall not exceed ten
years. 

  

	 	(b)	 A Stock Appreciation Right shall entitle the Participant (or other person entitled to exercise the Stock
Appreciation Right pursuant to the Plan) to exercise all or a specified portion of the Stock Appreciation Right (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount equal to the product of (i) the
excess of (A) the Fair Market Value of the Shares on the date the Stock Appreciation Right is exercised over (B) the grant price of the Stock Appreciation Right and (ii) the number of Shares with respect to which the Stock
Appreciation Right is exercised, subject to any limitations the Committee may impose. 

  

	 	7.2	 Grant Price. The grant price per Share subject to a Stock Appreciation Right shall be determined by the
Committee and set forth in the Award Agreement; provided that, the per Share grant price for any Stock Appreciation Right shall not be less than 100% of the Fair Market Value of a Share on the date of grant. 

 

	 	7.3	 Payment and Limitations on Exercise. 

 

	 	(a)	 Subject to Section 7.3(b) hereof, payment of the amounts determined under Section 7.1(b) hereof shall
be in cash, in Shares (based on its Fair Market Value as of the date the Stock Appreciation Right is exercised) or a combination of both, as determined by the Committee. 

 

	 	(b)	 To the extent any payment under Section 7.1(b) hereof is effected in Shares, it shall be made subject to
satisfaction of all applicable provisions of Article 5 pertaining to Options. 

 ARTICLE 8. OTHER TYPES OF AWARDS 

 

	 	8.1	 Performance Share Awards. Any Eligible Individual selected by the Committee may be granted one or more
Awards of Performance Shares which shall be denominated in a number of Shares and which may be linked to any one or more of the Performance Criteria or other specific 

  
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performance criteria determined appropriate by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. In making such determinations,
the Committee shall consider (among such other factors as it deems relevant in light of the specific type of award) the contributions, responsibilities and other compensation of the particular Participant. The Committee may authorize Dividend
Equivalents to be accrued with respect to outstanding Performance Share Awards. 

  

	 	8.2	 Performance Stock Units. Any Eligible Individual selected by the Committee may be granted one or more
Performance Stock Unit awards which shall be denominated in unit equivalent of Shares and/or units of value including dollar value of Shares and which may be linked to any one or more of the Performance Criteria or other specific performance
criteria determined appropriate by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. In making such determinations, the Committee shall consider (among such other factors as it deems
relevant in light of the specific type of award) the contributions, responsibilities and other compensation of the particular Participant. On the vesting date, the Company shall, subject to Section 9.5(a), transfer to the Participant one
unrestricted, fully transferable Share for each Performance Stock Unit scheduled to be paid out on such date and not previously forfeited. Alternatively, settlement of a Performance Stock Unit may be made in cash (in an amount reflecting the Fair
Market Value of Shares that would have been issued) or any combination of cash and Shares, as determined by the Committee, in its sole discretion. The Committee may authorize Dividend Equivalents to be accrued with respect to outstanding Performance
Stock Units. 

  

	 	8.3	 Restricted Stock Units. The Committee is authorized to make Awards of Restricted Stock Units to any
Eligible Individual selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. At the time of grant, the Committee shall specify the date or dates on which the Restricted Stock Units shall
become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate. The vesting conditions may be based on the passage of time or the attainment of performance-based conditions. On the settlement date, the
Company shall, subject to Section 9.5(a) hereof and satisfaction of applicable withholding taxes (as further set forth in Section 14.3 hereof), transfer to the Participant one unrestricted, fully transferable Share for each Restricted
Stock Unit scheduled to be paid out on such date and not previously forfeited. Alternatively, settlement of a Restricted Stock Unit may be made in cash (in an amount reflecting the Fair Market Value of Shares that would have been issued) or any
combination of cash and Shares, as determined by the Committee, in its sole discretion, in either case, less applicable withholding taxes (as further set forth in Section 14.3 hereof). The Committee may authorize Dividend Equivalents to be
accrued with respect to outstanding Restricted Stock Units. 

  

	 	8.4	 Other Awards. The Committee is authorized under the Plan to make any other Award to an Eligible
Individual that is not inconsistent with the provisions of the Plan and that by its terms involves or might involve the issuance of (i) Shares, (ii) a right with an exercise or conversion privilege related to the passage of time, the occurrence
of one or more events, or the satisfaction of performance criteria or other conditions, or (iii) any other right with the value derived from the value of the Shares. The Committee may establish one or more separate programs under the Plan for
the purpose of issuing particular forms of Awards to one or more classes of Participants on such terms and conditions as determined by the Committee from time to time. 

 

	 	8.5	 Vesting. Subject to Section 4.3, the vesting conditions applicable to an Award granted pursuant to
Article 8 shall be set by the Committee in its discretion. 

  
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	 	8.6	 Term. Except as otherwise provided herein, the term of any Award of Performance Shares, Performance
Stock Units, Restricted Stock Units and any other Award granted pursuant to this Article 8 shall be set by the Committee in its discretion. 

  

	 	8.7	 Exercise or Purchase Price. The Committee may establish the exercise or purchase price, if any, of any
Award of Performance Shares, Performance Stock Units, Restricted Stock Units and any other Award granted pursuant to this Article 8; provided, however, that such price shall not be less than the par value of a Share on the date of grant,
unless otherwise permitted by applicable state law. 

  

	 	8.8	 Exercise upon Termination of Employment or Service. An Award of Performance Shares, Performance Stock
Units, Restricted Stock Units and any other Awards granted pursuant to this Article 8 shall only be exercisable or payable while the Participant is an Employee, Consultant or Director, as applicable; provided, however, that the Committee in
its sole and absolute discretion may provide that an Award of Performance Shares, Performance Stock Units, Restricted Stock Units or any other Award granted pursuant to this Article 8 may be exercised or paid subsequent to a termination of
employment or service, as applicable, or following a Change in Control of the Company, or because of the Participant’s Retirement, death or Disability, or otherwise. 

 

	 	8.9	 Form of Payment. Payments with respect to any Awards granted under this Article 8 shall be made in cash,
in Shares or a combination of both, as determined by the Committee. 

  

	 	8.10	 Award Agreement. All Awards under this Article 8 shall be subject to such additional terms and
conditions as determined by the Committee and shall be evidenced by an Award Agreement. 

  

	 	8.11	 Timing of Settlement. At the time of grant, the Committee shall specify the settlement date applicable
to an Award of Performance Shares, Performance Stock Units, Restricted Stock Units or any other Award granted pursuant to this Article 8, which shall be no earlier than the vesting date(s) applicable to the relevant Award, or it may be deferred to
any later date to the extent and under the terms determined by the Committee, subject to compliance with Section 409A of the Code. Until an Award granted pursuant to this Article 8 has been settled, the number of Shares subject to the Award
shall be subject to adjustment pursuant to Article 10 hereof. 

 ARTICLE 9. PROVISIONS APPLICABLE TO AWARDS 

 

	 	9.1	 Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the discretion of the
Committee, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or at a different time from
the grant of such other Awards. 

  

	 	9.2	 Award Agreement. Awards under the Plan shall be evidenced by Award Agreements that set forth the terms,
conditions and limitations for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s employment or service terminates, and the Company’s authority to unilaterally or bilaterally amend,
modify, suspend, cancel or rescind an Award. 

  

	 	9.3	 Limits on Transfer. No right or interest of a Participant in any Award may be pledged, encumbered, or
hypothecated to or in favor of any party other than the Company or a Subsidiary or Affiliate, or shall be subject to any lien, obligation, or liability of such Participant to any other party other than the Company or a Subsidiary or Affiliate.
Except as otherwise provided by the Committee, no Award shall be assigned, transferred, or otherwise disposed of by a Participant 

  
 - 14 - 

	 	
other than by will or the laws of descent and distribution or pursuant to beneficiary designation procedures approved from time to time by the Committee (or the Board in the case of Awards
granted to Non-Employee Directors). The Committee by express provision in the Award or an amendment thereto may permit an Award (other than an Incentive Stock Option) to be transferred to, exercised by and paid to certain persons or entities related
to the Participant, including, but not limited to, members of the Participant’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of the Participant’s family and/or charitable
institutions, or to such other persons or entities as may be expressly approved by the Committee, pursuant to such conditions and procedures as the Committee may establish. Any permitted transfer shall be subject to the condition that the Committee
receive evidence satisfactory to it that the transfer is being made for estate and/or tax planning purposes (or to a “blind trust” in connection with the Participant’s termination of employment or service with the Company or a
Subsidiary or Affiliate to assume a position with a governmental, charitable, educational or similar non-profit institution) and on a basis consistent with the Company’s lawful issue of
securities. Notwithstanding anything contrary in this Section 9.3 or Section 9.4 below, no Award may be transferred for value or consideration. 

  

	 	9.4	 Beneficiaries. Notwithstanding Section 9.3 hereof, a Participant may, if permitted by the
Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person claiming
any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed
necessary or appropriate by the Committee. If the Participant is married and resides in a community property state, a designation of a person other than the Participant’s spouse as his or her beneficiary with respect to more than 50% of the
Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant, payment shall be made to either the person’s
estate or legal representative or the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution (or equivalent laws outside the U.S.). Subject to the foregoing, a beneficiary designation may be changed
or revoked by a Participant at any time provided the change or revocation is filed with the Committee. 

  

	 	9.5	 Stock Certificates; Book Entry Procedures. 

 

	 	(a)	 Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any
certificates evidencing Shares pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance and delivery of such certificates is in compliance with all applicable laws, regulations of
governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. All certificates evidencing Shares delivered pursuant to the Plan are subject to any stop-transfer orders and other restrictions
as the Committee deems necessary or advisable to comply with federal, state local, securities or other laws, including laws of jurisdictions outside of the United States, rules and regulations and the rules of any national securities exchange or
automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any certificate evidencing Shares to reference restrictions applicable to the Shares. In addition to the terms and conditions provided
herein, the Board may require that a Participant make such reasonable covenants, agreements, and representations as the Board, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee
shall have the right to require any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee.

  
 - 15 - 

	 	(b)	 Notwithstanding any other provision of the Plan, unless otherwise determined by the Committee or required by
any applicable law, rule or regulation, the Company shall not deliver to any Participant certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in the books of the Company (or, as applicable, its
transfer agent or stock plan administrator). 

  

	 	9.6	 Accelerated Vesting and Deferral Limitations. The Committee shall not have the discretionary authority
to accelerate or delay issuance of Shares under an Award that constitutes a deferral of compensation within the meaning of Section 409A of the Code, except to the extent that such acceleration or delay may, in the discretion of the Committee,
be effected in a manner that will not cause any person to incur taxes, interest or penalties under Section 409A of the Code (“Section 409A Compliance”). 

 

	 	9.7	 Paperless Administration. In the event that the Company establishes, for itself or using the services of
a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may
be permitted through the use of such an automated system. 

 ARTICLE 10. CHANGES IN CAPITAL STRUCTURE 

 

	 	10.1	 Adjustments. 

  

	 	(a)	 In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation or
other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the price of the Shares other than an Equity Restructuring, the Committee shall make such adjustments, if any, as
the Committee in its discretion may deem appropriate to reflect such change with respect to (a) the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Sections
3.1 and 3.3 hereof); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (c) the grant or exercise price per Share for any outstanding
Awards under the Plan. 

  

	 	(b)	 In the event of any transaction or event described in Section 10.1(a) hereof or any unusual or
nonrecurring transactions or events affecting the Company, any affiliate of the Company, or the financial statements of the Company or any affiliate, or of changes in applicable laws, regulations or accounting principles, the Committee, in its sole
and absolute discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Participant’s
request, is hereby authorized to take any one or more of the following actions whenever the Committee determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made
available under the Plan or with respect to any 

  
 - 16 - 

	 	
Award under the Plan, to facilitate such transactions or events or to give effect to such changes in laws, regulations or principles: 

 

	 	(i)	 To provide for either (A) termination of any such Award in exchange for an amount of cash, if any, equal
to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this
Section 10.1 the Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment) or
(B) the replacement of such Award with other rights or property selected by the Committee in its sole discretion; 

  

	 	(ii)	 To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary
thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices;

  

	 	(iii)	 To make adjustments in the number and type of Shares (or other securities or property) subject to outstanding
Awards, and in the number and kind of outstanding Restricted Stock and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding options, rights and awards; 

 

	 	(iv)	 To provide that such Award shall be exercisable or payable or fully vested with respect to all Shares covered
thereby, notwithstanding anything to the contrary in the Plan or the applicable Award Agreement; and 

  

	 	(v)	 To provide that the Award cannot vest, be exercised or become payable after such event. 

 

	 	(c)	 In connection with the occurrence of any Equity Restructuring, and notwithstanding anything to the contrary in
Sections 10.1(a) and 10.1(b) hereof: 

  

	 	(i)	 The number and type of securities subject to each outstanding Award and the exercise price or grant price
thereof, if applicable, shall be equitably adjusted. The adjustments provided under this Section 10.1(c)(i) shall be nondiscretionary and shall be final and binding on the affected Participant and the Company. 

 

	 	(ii)	 The Committee shall make such equitable adjustments, if any, as the Committee in its discretion may deem
appropriate to reflect such Equity Restructuring with respect to the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Sections 3.1 and 3.3 hereof).

  

	 	10.2	 Change in Control. 

 

	 	(a)	 Notwithstanding Section 10.1 hereof, and except as may otherwise be provided in any applicable Award
Agreement or other written agreement entered into between the Company and a Participant, if a Change in Control occurs and a Participant’s Awards are not converted, assumed, or replaced by a successor or survivor corporation, or a parent or
subsidiary thereof, then immediately prior to the Change in Control such Awards shall become fully exercisable and all forfeiture restrictions on such Awards shall lapse and, 

  
 - 17 - 

	 	
following the consummation of such Change in Control, all such Awards shall terminate and cease to be outstanding. Notwithstanding any other provision of the Plan to the contrary, the number or
value of any Performance-Based Award or other Award that is based on Performance Criteria or Performance Goals that shall become fully earned, vested, exercisable and free of forfeiture restrictions upon occurrence of the events described in this
Section 10.2 shall not exceed the greater of (i) such number or value determined by the actual performance attained during the applicable Performance Period to the time of the Change in Control or (ii) such number or value that would
be fully earned, vested, exercisable and free of forfeiture restrictions had 100% of the target level of performance been attained for the entire applicable Performance Period without regard to the Change in Control. 

 

	 	(b)	 If an Award is assumed or continued after a Change in Control, the Committee may provide that all or a portion
of such Award shall become fully exercisable and all forfeiture restrictions on such Award (or portion of such Award) shall lapse immediately upon the Involuntary Termination of the Participant’s employment or service within a designated period
(not to exceed twenty-four (24) months) following the effective date of such Change in Control. 

  

	 	(c)	 Upon a Change in Control, the Committee may cause any and all Awards outstanding hereunder to terminate at a
specific time in the future, including, but not limited to, the date of such Change in Control, and shall give each Participant the right to exercise such Awards during a period of time as the Committee, in its sole and absolute discretion, shall
determine. 

  

	 	(d)	 The portion of any Incentive Stock Option accelerated in connection with a Change in Control shall remain
exercisable as an Incentive Stock Option only to the extent the applicable One Hundred Thousand Dollar ($100,000) limitation is not exceeded. To the extent such dollar limitation is exceeded, the accelerated portion of such Option shall be
exercisable as a Non-Statutory Option under the U.S. federal tax laws. 

  

	 	10.3	 No Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by
reason of any subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of Shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other
corporation. Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of Shares of any class, or securities convertible into Shares of any class, shall affect, and no adjustment by
reason thereof shall be made with respect to, the number of Shares subject to an Award or the grant or the exercise price of any Award. 

ARTICLE 11. ADMINISTRATION 
  

	 	11.1	 Committee. Unless and until the Board delegates administration of the Plan to a Committee as set forth
below, the Plan shall be administered by the full Board, and for such purposes the term “Committee” as used in this Plan shall be deemed to refer to the Board. The Board, at its discretion or as otherwise necessary to comply with Rule 16b-3 promulgated under the Exchange Act or to the extent required by any other applicable rule or regulation, may delegate administration of the Plan to a Committee consisting of two or more members of the Board.
Unless otherwise determined by the Board, the Committee shall consist solely of two or more members of the Board each of whom is an Independent Director; provided, that, any action taken by the Committee shall be valid and effective,
whether or not members of the Committee at the 

  
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time of such action are later determined not to have satisfied the requirements for membership set forth in this Section 11.1 or otherwise provided in any charter of the Committee.
Notwithstanding the foregoing: (a) the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to all Awards granted to Non-Employee
Directors and for purposes of such Awards the term “Committee” as used in this Plan shall be deemed to refer to the Board and (b) the Committee may delegate its authority hereunder to the extent permitted by Section 11.5 hereof.
In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan except with respect to matters which under Rule 16b-3 under
the Exchange Act, or any regulations or rules issued thereunder, are required to be determined in the sole discretion of the Committee. Except as may otherwise be provided in any charter of the Committee, appointment of Committee members shall be
effective upon acceptance of appointment; Committee members may resign at any time by delivering written notice to the Board; and vacancies in the Committee may only be filled by the Board. 

 

	 	11.2	 Action by the Committee. Unless otherwise established by the Board or in any charter of the Committee, a
majority of the Committee shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting, shall be deemed the
acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary or Affiliate, the
Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan. 

 

	 	11.3	 Authority of Committee. Subject to any specific designation in the Plan, the Committee has the exclusive
power, authority and discretion to: 

  

	 	(a)	 Designate Participants to receive Awards; 

 

	 	(b)	 Determine the type or types of Awards to be granted to each Participant; 

 

	 	(c)	 Determine the number of Awards to be granted and the number of Shares to which an Award will relate;

  

	 	(d)	 Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to,
the exercise price, grant price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any
provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; 

 

	 	(e)	 Determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the
exercise price of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

  

	 	(f)	 Prescribe the form of each Award Agreement, which need not be identical for each Participant;

  

	 	(g)	 Decide all other matters that must be determined in connection with an Award; 

  
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	 	(h)	 Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the
Plan; 

  

	 	(i)	 To suspend or terminate the Plan at any time provided that such suspension or termination does not impair
rights and obligations under any outstanding Award without written consent of the affected Participant. 

  

	 	(j)	 Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and

  

	 	(k)	 Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems
necessary or advisable to administer the Plan. 

  

	 	11.4	 Decisions Binding. The Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

  

	 	11.5	 Delegation of Authority. To the extent permitted by applicable law, the Board may from time to time
delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards to Participants other than (a) Employees who are subject to Section 16 of the Exchange Act or
(b) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. For the avoidance of doubt, provided it meets the limitation in the preceding sentence, this delegation shall include the right
to modify Awards as necessary to accommodate changes in the laws or regulations. Any delegation hereunder shall be subject to the restrictions and limits that the Board specifies at the time of such delegation, and the Board may at any time rescind
the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 11.5 shall serve in such capacity at the pleasure of the Board. 

ARTICLE 12. PLAN EXPIRATION DATE 
 The
Plan will continue in effect until it is terminated by the Board pursuant to Section 13.1 hereof, except that no Award may be granted under the Plan from and after the tenth anniversary of the Effective Date. Any Awards that are outstanding on
the date the Plan terminates shall remain in force according to the terms of the Plan and the applicable Award Agreement. 
 ARTICLE 13. AMENDMENT,
MODIFICATION, AND TERMINATION 
  

	 	13.1	 Amendment, Modification, and Termination. Subject to Section 14.14 hereof, with the approval of the
Board, at any time and from time to time, the Committee may terminate, amend or modify the Plan; provided, however, that (a) to the extent necessary and desirable to comply with any applicable law, regulation, or stock exchange rule, the
Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required, and (b) stockholder approval shall be required for any amendment to the Plan that (i) increases the number of shares
available under the Plan (other than any adjustment as provided by Article 10), or (ii) permits the Committee to extend the exercise period for an Option beyond ten years from the date of grant. Notwithstanding any provision in this Plan
to the contrary, absent approval of the stockholders of the Company, no Option or SAR may be amended to reduce the per share exercise price of the shares subject to such Option or SAR below the per share exercise price as of the date the Option or
SAR is granted and, except as permitted by Article 10, (a) no Option or SAR may be granted in exchange for, or in connection with, the cancellation, surrender or 

  
 - 20 - 

	 	
substitution of an Option or SAR having a higher per share exercise price and (b) no Option or SAR may be cancelled in exchange for, or in connection with, the payment of a cash amount or
another Award at a time when the Option or SAR has a per share exercise price that is higher than the Fair Market Value of a Share. 

  

	 	13.2	 Awards Previously Granted. Except with respect to amendments made or other actions taken pursuant to
Section 14.14 hereof or any amendment or other action with respect to an outstanding Award that may be required or desirable to comply with applicable law, as determined in the sole discretion of the Committee, no termination, amendment, or
modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant; provided, however, that an amendment or modification
that may cause an Incentive Stock Option to become a Non-Qualified Stock Option shall not be treated as adversely affecting the rights of the Participant. 

ARTICLE 14. GENERAL PROVISIONS 
  

	 	14.1	 No Rights to Awards. No Eligible Individual or other person shall have any claim to be granted any Award
pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Eligible Individuals, Participants or any other persons uniformly. 

  

	 	14.2	 No Stockholders Rights. Except as otherwise provided herein, a Participant shall have none of the rights
of a stockholder with respect to Shares covered by any Award, including the right to vote or receive dividends, until the Participant becomes the record owner of such Shares, notwithstanding the exercise of an Option or other Award.

  

	 	14.3	 Withholding. The Company or any Subsidiary or Affiliate, as appropriate, shall have the authority and
the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy U.S. federal, state and local taxes and taxes imposed by jurisdictions outside of the United States (including income tax, social
insurance contributions, payment on account and any other taxes that may be due) that the Company or a Subsidiary or Affiliate determines are required to be withheld with respect to any taxable event concerning a Participant arising as a result of
this Plan or to take such other action as may be necessary in the opinion of the Company or a Subsidiary or Affiliate, as appropriate, to satisfy withholding obligations for the payment of taxes. The Committee may in its discretion and in
satisfaction of the foregoing requirement direct the Company to withhold, or allow a Participant to elect to have the Company withhold, Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to the
sums required to be withheld; the number of Shares so withheld may be determined using rates of up to, but not exceeding, the maximum federal, state, local and/or foreign statutory tax rates applicable in a particular jurisdiction on the date that
the amount of tax to be withheld is to be determined. No Shares shall be delivered hereunder to any Participant or other person until the Participant or such other person has made arrangements acceptable to the Committee for the satisfaction of
these tax obligations with respect to any taxable event concerning the Participant or such other person arising as a result of Awards made under this Plan. 

  

	 	14.4	 No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or
limit in any way the right of the Company or any Subsidiary or Affiliate to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue in the employ or service of the Company or any
Subsidiary or Affiliate. 

  

	 	14.5	 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive
compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the
Company or any Subsidiary or Affiliate. 

  
 - 21 - 

	 	14.6	 Indemnification. To the extent allowable pursuant to applicable law, each member of the Committee or of
the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to
which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or
proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right
of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the
Company may have to indemnify them or hold them harmless. 

  

	 	14.7	 Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in
determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, termination programs and/or indemnities or severance payments, welfare or other benefit plan of the Company or any Subsidiary or Affiliate except
to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder. 

  

	 	14.8	 Expenses. The expenses of administering the Plan shall be borne by the Company and/or its Subsidiaries
and/or Affiliates. 

  

	 	14.9	 Titles and Headings. The titles and headings of the Sections in the Plan are for convenience of
reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

  

	 	14.10	 Fractional Shares. No fractional Shares shall be issued and the Committee shall determine, in its
discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate. 

 

	 	14.11	 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of
the Plan, the Plan, and any Award granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of
the Exchange Act (including any amendment to Rule 16b-3 under the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan
and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

  

	 	14.12	 Government and Other Regulations. The obligation of the Company to make payment of awards in Shares or
otherwise shall be subject to all applicable laws, rules, and regulations of the United States and jurisdictions outside the United States, and to such approvals by government agencies, including government agencies in jurisdictions outside of the
United States, in each case as may be required or as the Company deems necessary or advisable. Without limiting the foregoing, the Company shall have no obligation to issue or deliver evidence of title for Shares subject to Awards granted hereunder
prior to: (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable, and (b) completion of any registration or other qualification with respect to the Shares under any applicable law in
the United States or in a 

  
 - 22 - 

	 	
jurisdiction outside of the United States or ruling of any governmental body that the Company determines to be necessary or advisable or at a time when any such registration or qualification is
not current, has been suspended or otherwise has ceased to be effective. The inability or impracticability of the Company to obtain or maintain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s
counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained and
shall constitute circumstances in which the Committee may determine to amend or cancel Awards pertaining to such Shares, with or without consideration to the affected Participant. The Company shall be under no obligation to register pursuant to the
Securities Act, as amended, any of the Shares paid pursuant to the Plan. If the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act, as amended, the Company may restrict the
transfer of such Shares in such manner as it deems advisable to ensure the availability of any such exemption. 

  

	 	14.13	 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by
the laws of the State of Texas. 

  

	 	14.14	 Section 409A. Except as provided in Section 14.15 hereof, to the extent that the
Committee determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent
applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such
regulations or other guidance that may be issued after the date the Plan became effective. Notwithstanding any provision of the Plan to the contrary, in the event that following the date an Award is granted the Committee determines that the Award
may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the date the Plan became effective), the Committee may adopt such amendments to the
Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, including amendments or actions that would result in a reduction to
the benefits payable under an Award, in each case, without the consent of the Participant, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax
treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance and thereby avoid the application of any penalty taxes under such
Section or mitigate any additional tax, interest and/or penalties or other adverse tax consequences that may apply under Section 409A of the Code if compliance is not practical. 

 

	 	14.15	 No Representations or Covenants with respect to Tax Qualification. Although the Company may endeavor to
(a) qualify an Award for favorable tax treatment under the laws of the United States or jurisdictions outside of the United States (e.g., incentive stock options under Section 422 of the Code) or (b) avoid adverse tax treatment
(e.g., under Section 409A of the Code), the Company makes no representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax treatment, anything to the contrary in this Plan, including
Section 14.14 hereof, notwithstanding. The Company shall be unconstrained in its corporate activities without regard to the potential negative tax impact on holders of Awards under the Plan. Nothing in this Plan or in an Award Agreement shall
provide a basis for any person to take any action against the Company or any Affiliate based on matters covered by Section 409A of the Code, including the tax treatment of any Awards, and neither the Company nor any Affiliate will have any
liability 

  
 - 23 - 

	 	
under any circumstances to the Participant or any other party if the Award that is intended to be exempt from, or compliant with, Section 409A of the Code, is not so exempt or compliant or
for any action taken by the Committee with respect thereto. 

  

	 	14.16	 Clawback/Recovery. All Awards granted under the Plan will be subject to recoupment in accordance with
any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall
Street Reform and Consumer Protection Act or other Applicable Laws. In addition, the Committee may impose such other clawback, recovery or recoupment provisions on an Award as the Committee determines necessary or appropriate in view of Applicable
Laws, governance requirements or best practices, including, but not limited to, a reacquisition right in respect of previously acquired Shares or other cash or property upon the occurrence of cause (as determined by the Committee).

 * * * * 

  
 - 24 -Exhibit 10.1

 

 

3D SYSTEMS CORPORATION

 

SEVERANCE AGREEMENT

 

THIS SEVERANCE AGREEMENT
(this “Agreement”) is made as of this 10th day of May, 2019 (the “Effective Date”),
by and between 3D Systems Corporation, a corporation organized and existing under the laws of the State of Delaware (“Company”),
and Kevin McAlea (“Executive”).

 

RECITALS

 

WHEREAS, Executive’s
employment with the Company will end on May 31, 2019 (the “Separation Date”); and

 

WHEREAS, the
parties now desire to amicably end their association and enter into this Agreement to set forth the terms and conditions relating
to the end of Executive’s employment with the Company.

 

NOW THEREFORE,
in consideration of the foregoing premises, of the mutual agreements and covenants contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows, effective as of the
Effective Date:

 

AGREEMENT

 

		1.	End of Employment.

 

The Executive’s
last day of employment with the Company is the Separation Date. After the Separation Date, the Executive will not represent himself
as being an employee, officer, attorney, agent or representative of the Company for any purpose. Except as otherwise set forth
in this Agreement, the Separation Date will be the employment termination date for the Executive for all purposes, meaning the
Executive will no longer be entitled to any further compensation, monies or other benefits from the Company, including coverage
under any benefits plans or programs sponsored by the Company, except as specifically provided herein.

 

		2.	Return of Company Property.

 

By the Separation Date,
the Executive must return to the Company all Company property, including identification cards or badges, access codes or devices,
keys, laptops, computers, telephones, mobile phones, hand-held electronic devices, credit cards, electronically stored documents
or files, physical files and any other Company property in the Executive’s possession, custody or control.

    

     

    

		3.	Separation Benefits.

 

In consideration for
the Executive’s execution, non-revocation of, and compliance with this Agreement, including the waiver and release of claims
in Section 5, the Company agrees to provide the following benefits:

 

3.1          
Accrued, Unpaid Base Salary. Within the time period required by applicable law, the Executive will
receive in one lump-sum payment any Base Salary amounts that have accrued but have not been paid as of the Separation Date, less
any applicable local, state, or federal withholding. As used herein, “Base Salary” means the Executive’s
current monthly base salary in effect as of the Effective Date.

 

3.2          
Accrued, Unused Vacation Time. Within the time period required by applicable law, the Executive
will receive in one lump-sum payment any unused vacation time accrued through the Separation Date, less any applicable local, state,
or federal withholding.

 

3.3          
Severance Benefits. Subject to the terms and conditions of Section 3.6 and provided the Executive
has not forfeited his rights under this Agreement in accordance with Section 3.7, the Executive will receive the following severance
benefits:

 

3.3.1     
Subject to the terms and conditions of Section 3.6 and provided the Executive has not forfeited his rights under
this Agreement in accordance with Section 3.7, the Executive will receive payment of an amount (“Severance”)
equal to up to 12 months of the Executive’s Base Salary, less all required withholdings and taxes. The Company shall pay
the Severance to the Executive in equal installments over a 12-month period in accordance with its normal payroll practices, with
the first installment commencing on the first payroll date coinciding with or immediately following the 60th day following
the Effective Date (the “First Payment Date”), provided that the conditions set forth in Section 3.6 have been
satisfied as of such date, and installments continuing until the earlier of (i) the date the Executive breaches the provisions
of Section 4 below; or (ii) the last payroll period in the 12-month period. The amount payable to the Executive on the First Payment
Date shall equal the portion of the Executive’s Base Salary that he would have earned during the 60-day period immediately
following the Effective Date.

 

3.3.2     
Subject to the terms and conditions of Section 3.6 and provided the Executive has not forfeited his rights under
this Agreement in accordance with Section 3.7, the Executive will receive payment of an amount (“Additional Severance”)
equal to up to 6 additional months of the Executive’s Base Salary, less all required withholding and taxes. The Company shall
pay the Additional Severance to the Executive in equal installments over a 6-month period in accordance with its normal payroll
practices, with the first installment commencing on the first payroll date immediately following the final Severance payment. Notwithstanding
the immediately preceding sentence and in the interest of clarity, the Additional Severance shall not be paid in the event that
the Severance terminates pursuant to the terms of this Agreement. The Additional Severance installments will continue until the
earlier of (i) the date the Executive breaches the provisions of Section 4 below; or (ii) the last payroll period in the 6-month
period.

    -2-

     

    

3.4          
COBRA Payment. Subject to the terms and conditions of Section 3.6 and provided the Executive has
not forfeited his rights under this Agreement in accordance with Section 3.7, if the Executive timely elects continuation of his
health benefits under the Company’s group health plan in accordance with the Consolidated Omnibus Budget Reconciliation Act
of 1985, as amended (“COBRA”), then for a period of up to eighteen (18) months following the Separation Date,
the Company will continue to pay a portion of the premiums such that Executive’s contribution to such plans will remain the
same as if Executive were employed by Company, such contributions to be paid by Executive in the same period (e.g., monthly, bi-weekly,
etc.) as all other employees of Company (but deductions from Executive’s severance payments may be deemed acceptable for
this purpose in the discretion of Company) (the “COBRA Payment”); provided, however that Company may terminate
such coverage if payment from Executive is not made within ten (10) days of the date on which Executive receives written notice
from Company that such payment is due. Executive acknowledges and agrees that the amount of any such premiums paid by the Company
will constitute taxable wages for income and employment tax purposes. Payment of premiums under this section will commence on the
First Payment Date and thereafter will be made on the first payroll date in each month following until the earlier of (i) the date
the payment of the Severance or the Additional Severance terminates; or (ii) the date the Executive’s coverage under the
Company’s health plan terminates for any reason. The amount paid on the First Payment Date shall include the employer portion
of the premiums due for coverage during the 60-day period immediately following the Effective Date.

 

3.5          
Accelerated Vesting. In connection with Executive’s separation from employment with the Company,
the restricted shares of the Company’s Common Stock (the “RSA’s”) and performance stock units (the “PSU’s”)
held by Executive pursuant to the Company’s 2015 Incentive Plan are subject to automatic forfeiture. The RSA’s are
covered by applicable Restricted Stock Award Agreements, and the PSU’s are covered by applicable Performance-Based Restricted
Stock Unit Agreements that Executive entered into with the Company. Under the terms of such agreements, any RSA’s or PSU’s
under the 2015 Incentive Plan are forfeited to the extent they have not vested in accordance with their terms as of the date of
Executive’s separation from employment.

 

Subject to Executive’s
execution, non-revocation of, and compliance with this Agreement, including the waiver and release of claims in Section 5, the
Company will provide the following with respect to Executive’s RSA’s and PSU’s (collectively, the “Accelerated
Vesting”). The calculation of shares is more specifically detailed on Exhibit A attached hereto and made a part
hereof.

 

3.5.1     
Any RSA’s outstanding as of May 31, 2019 shall become vested and nonforfeitable on a pro-rata basis, as
more specifically detailed in Exhibit A;

 

3.5.2     
The second tranche (1/3 of the total determination) of the Performance Stock Units from the award dated February
15, 2018, shall become vested and nonforfeitable on a pro-rata basis on the Separation Date, as more specifically detailed in Exhibit
A. Any remaining amounts related to this award are forfeited;

 

3.5.3     
The first tranche (1/3 of the total determination) of any Performance Stock Units from the award dated February
15, 2019, if applicable and solely as determined by the Compensation Committee of the Board of Directors during the first quarter
of 2020, shall become vested and nonforfeitable on a pro-rata basis upon the applicable date on or before March 31, 2020. Any remaining
amounts related to this award are forfeited;

 

    -3-

     

    

3.5.4     
For the sake of clarity, all PSA’s and stock options previously granted to Executive related to the attainment
of a particular stock price of the Company’s common stock are forfeited pursuant to the terms of their respective agreements.

 

3.6          
Eligibility. The right to payment of the Severance, the Additional Severance, COBRA Payment, and
the Accelerated Vesting is conditioned upon: (i) the Executive’s continued compliance with the restrictive covenants in Section
4 below; and (ii) Executive’s execution and non-revocation of the release of claims in Section 5 below. Notwithstanding any
provisions to the contrary, the Severance, COBRA Payment, and Accelerated Vesting shall not be paid unless and until such binding
release in Section 5 is effective and the revocation period has expired.

 

3.7          
Forfeiture. The Executive shall forfeit any right to the Severance immediately upon (a) Executive’s
failure to execute the release of claims in Section 5 below; (b) Executive’s revocation of the release of claims in Section
5 below; or (c) the Executive’s breach of any restrictive covenant set forth in Section 4 below.

 

The Executive shall
forfeit any right to the Additional Severance immediately upon (a) Executive’s failure to execute the release of claims in
Section 5 below; (b) Executive’s revocation of the release of claims in Section 5 below; (c) the Executive’s breach
of any restrictive covenant set forth in Section 4 below; or (d) the Executive for his own benefit or the benefit of others rendering
services at an executive level of vice president or senior for Competing Products or Services for a Competing Organization.

 

For purposes of this
Agreement, “Competing Products or Services” means products, processes, or services of any person or organization other
than the Company, in existence or under development, which are substantially the same, may be substituted for, or applied to substantially
the same end use as any product, process, or service of the Company with which you work or worked during the time of your employment
with the Company or about which you acquire or acquired Confidential Information through your work with the Company and in any
event includes, but is not limited to, providing 3D printing solutions including 3D printers, print materials, on-demand custom
parts services and 3D professional software. For purposes of this Agreement, “Competing Organization” means persons
or organizations, including you, engaged in, or about to become engaged in research or development, production, distribution, marketing,
providing or selling of a Competing Product or Service.

 

		4.	Restrictive Covenants.

 

The growth and development
of Company and its affiliates and subsidiaries (collectively, “3D Systems”) depends to a significant degree
on the possession and protection of its customer list, customer information and other confidential and proprietary information
relating to 3D Systems’ products, services, methods, pricing, costs, research and development and marketing. All 3D Systems
employees and others engaged to perform services for 3D Systems have a common interest and responsibility in seeing that such customer
information and other Confidential Information, as that term is defined in Section 4.4 below, is not disclosed to any unauthorized
persons or used other than for 3D Systems’ benefit. This Section 4 expresses a common understanding concerning Company’s
and Executive’s mutual responsibilities. Therefore, in consideration for the severance benefits payable pursuant to Sections
3.3, 3.4 and 3.5, Executive covenants and agrees as follows, which covenant and agreement is essential to this Agreement:

 

    -4-

     

    

4.1          
Non-Interference; Non-Solicitation. Executive acknowledges that the identity and particular needs
of the Company’s customers are not generally known and were not known to Executive prior to Executive’s employment
with the Company; that the Company has relationships with, and a proprietary interest in the identity of, its customers and their
particular needs and requirements; and that documents and information regarding the Company’s pricing, sales, costs and specialized
requirements of the Company’s customers are highly confidential and constitute trade secrets.

 

Executive agrees that
after the Separation Date and as long thereafter as any such information is still a trade secret (as such term is defined by California
law) of the Company, Executive shall not, either directly or indirectly, either for Executive or for any other person or entity,
use the Company’s trade secrets, which may include elements of the Company’s Confidential Information (as defined below),
in order to induce or attempt to induce any current or prospective account, customer, prospect, supplier, vendor or other trade
related business relation of the Company, or any subsidiary, affiliate or division thereof, to cease doing business with the Company
or any subsidiary, affiliate or division thereof or reduce the amount of products or services it receives from the Company, or
in any way interfere with the relationship or prospective relationship between any account, customer, prospect, supplier, vendor
or other trade related business relation and the Company, or any subsidiary, affiliate or division thereof.

 

Executive agrees that
for a period of twelve (12) months after the Separation Date Executive shall not, either directly or indirectly, either for Executive
or for any other person or entity, solicit or recruit or attempt to solicit or recruit any of the Company’s employees, consultants,
contractors, agents or representatives to leave their employment or end their engagement with the Company.

 

For purposes of this
Section 4.1, “prospects” means entities or individuals which have had more than de minimis contact with the Company
in the context of entering into a relationship with the Company being a provider or seller of products or services to such entity
or individual.

 

4.2          
Reasonableness of Restriction. Executive acknowledges that the foregoing non solicitation restriction
placed upon Executive is necessary and reasonable to avoid the improper disclosure or use of Confidential Information, and that
it has been made clear to Executive that Executive’s compliance with Section 4 of this Agreement is a material condition
to receipt of the benefits provided under this Agreement. Executive further acknowledges and agrees that, if Executive breaches
any of the requirements of Section 4.1, the restricted period set forth therein shall be tolled during the time of such breach,
but not for longer than twelve (12) months.

 

Executive further acknowledges
and agrees that 3D Systems has attempted to impose the restrictions contained hereunder only to the extent necessary to protect
3D Systems from unfair competition and the unauthorized use or disclosure of Confidential Information. However, should the scope
or enforceability of any restrictive covenant be disputed at any time, Executive specifically agrees that a court may modify or
enforce the covenant to the full extent it believes to be reasonable under the circumstances existing at the time.

    -5-

     

    

4.3          
Non-Disclosure. Non-Disclosure. Executive further agree that Executive will not use for Executive’s
benefit or for the benefit of others or divulge or convey to any other person any Confidential Information (as defined below) obtained
by Executive during the period of Executive’s employment with the Company. Executive agrees to continue to observe all Company
policies and procedures concerning such Confidential Information. Executive’s obligations under this Agreement will continue
with respect to Confidential Information until such information becomes generally available from public sources through no fault
of Executive’s.

 

If Executive is requested,
becomes legally compelled by subpoena or otherwise, or is required by a regulatory body to make any disclosure that is prohibited
by this Section 4.3, Executive will, except to the extent prohibited by law, promptly notify the Company so that the Company may
seek a protective order or other appropriate remedy if the Company deems such protection or remedy necessary under the circumstances.
Subject to the foregoing, Executive may furnish only that portion of Confidential Information that Executive is legally compelled
or required to disclose. The restrictions set forth herein are in addition to and not in lieu of any obligations Executive may
have by law with respect to Confidential Information, including any obligations Executive may have under the Uniform Trade Secrets
Act and/or similar statutes as applicable in the state of Executive’s residence and/or the state of Executive’s primary
work location. Notwithstanding the foregoing, nothing in this Agreement shall be deemed to restrict Executive from communicating
with any member of the United States Congress, from giving truthful testimony in any legal proceeding instituted or maintained,
or from fully and candidly cooperating in connection with any investigation, inquiry or proceeding undertaken by, any agency or
representative of the United States government, any State, or any of their respective political subdivisions having authority over
any aspect of the Company’s business operations, nor shall any such provision be deemed to require any party to seek the
authority of the other in connection therewith. Further, Executive is hereby notified in accordance with the Defend Trade Secrets
Act of 2016 that Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure
of a trade secret that: (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly,
or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in
a complaint or other document that is filed under seal in a lawsuit or other proceeding.

 

4.4          
Definition of Confidential Information. As used herein, “Confidential Information”
shall include, but is not limited to, the following categories of information, knowledge, or data currently known or later developed
or acquired relating to 3D Systems’ business or received by 3D Systems in confidence from or about third parties, in each
case when the same is not in the public domain or otherwise publicly available (other than as result of a wrongful act of an agent
or employee of 3D Systems):

 

4.4.1     
Any information concerning 3D Systems’ products, business, business relationships, business plans or strategies,
marketing plans, contract provisions, actual or prospective suppliers or vendors, services, actual or anticipated research or development,
new product development, inventions, prototypes, models, solutions, discussion guides, documentation, techniques, actual or planned
patent applications, technological or engineering data, formulae, processes, designs, production plans or methods, or any related
technical or manufacturing know-how or other information;

    -6-

     

    

4.4.2     
Any information concerning 3D Systems’ financial or profit data, pricing or cost formulas, margins, marketing
information, sales representative or distributor lists, or any information relating to corporate developments (including possible
acquisitions or divestitures);

 

4.4.3     
Any information concerning 3D Systems’ current or prospective customer lists or arrangements, equipment
or methods used or preferred by 3D Systems’ customers, or the customers or patients of customers;

 

4.4.4     
Any information concerning 3D Systems’ use of computer software, source code, object code, or algorithms
or architecture retained in or related to 3D Systems’ computer or computer systems;

 

4.4.5     
Any personal or performance information about any 3D Systems’ employee;

 

4.4.6     
Any information supplied to or acquired by 3D Systems under an obligation to keep such information confidential,
including without limitation Protected Health Information (PHI) as that term is defined by the Health Insurance Portability and
Accountability Act (HIPAA);

 

4.4.7     
Any information, whether or not designated as confidential, obtained or observed by Executive or other 3D Systems
employees during training sessions related to Executive’s work for 3D Systems; and

 

4.4.8     
Any other information treated as trade secrets or otherwise confidential by 3D Systems.

 

Executive hereby acknowledges
that some of this information may not be a “trade secret” under applicable law. Nevertheless, Executive agrees not
to disclose, use, or publish such information.

 

4.5          
Inventions, Discoveries, and Work for Hire. Executive recognizes and agrees that all ideas, works
of authorship, inventions, patents, copyrights, designs, processes (e.g., development processes), methodologies (e.g., development
methodologies), machines, manufactures, compositions of matter, enhancements, and other developments or improvements and any derivative
works based thereon, including, without limitation, potential marketing and sales relationships, research, plans for products or
services, marketing plans, computer software (including source code and object code), computer programs, original works of authorship,
characters, know-how, trade secrets, information, data, developments, discoveries, improvements, modifications, technology and
algorithms, whether or not subject to patent or copyright protection (the “Inventions”) that (i) were made, conceived,
developed, authored or created by Executive, alone or with others, during the time of Executive’s employment, whether or
not during working hours, that relate to the business of 3D Systems or to the actual or demonstrably anticipated research or development
of 3D Systems, (ii) were used by Executive or other personnel of 3D Systems during the time of Executive’s employment, even
if such Inventions were made, conceived, developed, authored or created by Executive prior to the start of Executive’s employment,
(iii) are made, conceived, developed, authored or created by Executive, alone or with others, within one (1) year from the Separation
Date and that relate to the business of 3D Systems or to the actual or demonstrably anticipated research or development of 3D Systems,
or (iv) result from any work performed by Executive for 3D Systems (collectively with (i)-(iii), the “Company Inventions”)
are the sole and exclusive property of Company.

    -7-

     

    

Notwithstanding the
foregoing, Company Inventions do not include any Inventions made, conceived, developed, authored or created by Executive, alone
or with others, for which no equipment, supplies, facility or trade secret information of 3D Systems was used and which were developed
entirely on Executive’s own time, unless (1) the Invention relates (A) to the business of 3D Systems, or (B) to the actual
or demonstrably anticipated research or development of 3D Systems, or (2) the Company Invention results from any work performed
by Executive for 3D Systems. Employee understands that 3D Systems agrees that notwithstanding anything to the contrary in this
Section 4.5, nothing in this Agreement shall apply to any Inventions that qualify fully under the provisions of Section 2870 of
the California Labor Code.

 

For the avoidance of
doubt, Executive expressly disclaims any and all right title and interest in and to all Company Inventions. Executive acknowledges
that Executive has and shall forever have no right, title or interest in or to any patents, copyrights, trademarks, industrial
designs or other rights in connection with any Company Inventions.

 

Executive hereby assigns
to Company all present and future right, title and interest Executive has or may have in and to the Company Inventions. Executive
further agrees that (i) Executive will promptly disclose all Company Inventions to 3D Systems; and (ii) all of the Company Inventions,
to the extent protectable under copyright laws, are “works made for hire” as that term is defined by the Copyright
Act, 17 U.S.C. § 101, et seq.

 

At the request of and
without charge to Company, Executive will do all things deemed by Company to be reasonably necessary to perfect title to the Company
Inventions in Company and to assist in obtaining for Company such patents, copyrights or other protection in connection therewith
as may be provided under law and desired by Company, including but not limited to executing and signing any and all relevant applications,
assignments, or other instruments. Executive further agrees to provide, at Company’ request, declarations or affidavits and
to give testimony, in depositions, hearings or trials, in support of inventorship. These obligations continue even after the Separation
Date. Company agrees that Executive will be reimbursed for reasonable expenses incurred in providing such assistance to Company.
In the event Company is unable, after reasonable effort, to secure Executive’s signature on any document or documents needed
to apply for or prosecute any patent, copyright or other right or protection relating to any Company Invention, for any reason
whatsoever, Executive hereby irrevocably designates and appoints Company and its duly authorized officers and agents as Executive’s
agent and attorney-in-fact to act for and on Executive’s behalf to execute and file any such application or other document
and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights, or similar protections
thereon with the same legal force and effect as if executed by Executive.

 

For purposes of this
Agreement, a Company Invention shall be deemed to have been made during Executive’s employment if, during such period, the
Company Invention was conceived, in part or in whole, or first actually reduced to practice or fixed in a tangible medium during
Executive’s employment with Company. Executive further agrees and acknowledges that any patent or copyright application filed
within one (1) year after the Separation Date shall be presumed to relate to a Company Invention made during the term of Executive’s
employment unless Executive can provide evidence to the contrary.

    -8-

     

    

4.6          
Covenants Are Independent Elements. The parties acknowledge that the restrictive covenants contained
in this Section 4 are essential independent elements of this Agreement and that, but for Executive agreeing to comply with them,
Company would not provide the compensation herein. Accordingly, the existence or assertion of any claim by Executive against Company,
whether based on this Agreement or otherwise, shall not operate as a defense to Company’s enforcement of the covenants this
Section 4. An alleged or actual breach of the Agreement by the Company will not be a defense to enforcement of the provisions of
Section 4 or other obligations of Executive to the Company.

 

4.7          
Non-Disparagement. Executive agrees that Executive will not make any defamatory, slanderous or
libelous statements or communications (whether written or verbal) regarding the Company, its employees including members of the
Company’s management team and/or Executive’s separation from employment with the Company. If Executive so desires,
the Company will provide a reference regarding your employment, which includes only the dates of employment, Executive’s
positions(s) held, and duties performed.

 

4.8          
Injunctive Relief and Additional Remedies for Breach. Executive further expressly acknowledges
and agrees that any breach or threatened breach of the provisions of this Section 4 shall entitle 3D Systems, in addition to any
other legal remedies available to it, to obtain injunctive relief, to prevent any violation of this Section 4 without the necessity
of 3D Systems posting bond or furnishing other security and without proving special damages or irreparable injury. Executive recognizes,
acknowledges and agrees that such injunctive relief is necessary to protect 3D Systems’ interest. Executive understands that
in addition to any other remedies available to 3D Systems at law or in equity or under this Agreement for violation of this Agreement,
other agreements or compensatory or benefit arrangements Executive has with 3D Systems may include provisions that specify certain
consequences thereunder that will result from Executive’s violation of this Agreement, which consequences may include repaying
3D Systems or foregoing certain equity awards or monies, and any such consequences shall not be considered by Executive or any
trier of fact as a forfeiture, penalty, duplicative remedy or exclusive remedy. Notwithstanding Section 8.9, the exclusive venue
for any action for injunctive or declaratory relief with respect to this Section 4 shall be the state or federal courts located
in San Diego County, California. Company and Executive hereby irrevocably consent to any such courts’ exercise of jurisdiction
over them for such purpose.

 

4.9          
Notification to Third Parties. Company may, at any time during or after the termination of Executive’s
employment with Company, notify any person, corporation, partnership or other business entity employing or engaging Executive or
evidencing an intention to employ or engage Executive as to the existence and provisions of this Agreement

 

4.10       
Cooperation. The parties agree that certain matters in which the Executive was involved during
his employment with the Company may necessitate the Executive’s cooperation in the future. Accordingly, following the termination
of the Executive’s employment for any reason, to the extent reasonably requested by the Board, the Executive shall cooperate
with the Company in connection with matters arising out of the Executive’s service to the Company; provided that, the Company
shall make reasonable efforts to minimize disruption of the Executive’s other activities. The Company shall reimburse the
Executive for reasonable expenses incurred in connection with such cooperation and, to the extent that the Executive is required
to spend substantial time on such matters, the Company shall compensate the Executive at an hourly rate based on the Executive’s
Base Salary on the Separation Date.

 

    -9-

     

    

		5.	Release.

 

5.1          
General Release and Waiver of Claims.

 

In exchange for the
consideration provided in this Agreement, the Executive and his heirs, executors, representatives, agents, insurers, administrators,
successors and assigns (collectively, the “Releasors”) irrevocably and unconditionally fully and forever waive,
release and discharge the Company, including the Company’s parents, subsidiaries, affiliates, predecessors, successors and
assigns, and all of their respective officers, directors, employees, and shareholders, in their corporate and individual capacities
(collectively, the “Releasees”) from any and all claims, demands, actions, causes of actions, obligations, judgments,
rights, fees, damages, debts, obligations, liabilities and expenses (inclusive of attorneys' fees) of any kind whatsoever (collectively,
“Claims”), whether known or unknown, from the beginning of time to the date of the Executive’s execution
of this Agreement, including, without limitation, any claims under any federal, state, local or foreign law, that Releasors may
have, have ever had or may in the future have arising out of, or in any way related to the Executive’s hire, benefits, employment,
termination or separation from employment with the Company and any actual or alleged act, omission, transaction, practice, conduct,
occurrence or other matter, including, but not limited to (i) any and all claims under Title VII of the Civil Rights Act, as amended,
the Americans with Disabilities Act, as amended, the Family and Medical Leave Act, as amended, with respect to existing but not
prospective claims, the Fair Labor Standards Act, the Equal Pay Act, as amended, the Employee Retirement Income Security Act, as
amended (with respect to unvested benefits), the Civil Rights Act of 1991, as amended, Section 1981 of U.S.C. Title 42, the Worker
Adjustment and Retraining Notification Act, as amended, the National Labor Relations Act, as amended, the Age Discrimination in
Employment Act, as amended, the Uniform Services Employment and Reemployment Rights Act, as amended, the Genetic Information Nondiscrimination
Act of 2008, the California Fair Employment and Housing Act, and all of their respective implementing regulations and/or any other
federal, state, local or foreign law (statutory, regulatory or otherwise) that may be legally waived and released; (ii) any and
all claims for compensation of any type whatsoever, including but not limited to claims for salary, wages, bonuses, commissions,
incentive compensation, vacation and/or severance; (iii) any and all claims arising under tort, contract and/or quasi-contract
law, including but not limited to claims of breach of an expressed or implied contract, tortious interference with contract or
prospective business advantage, breach of the covenant of good faith and fair dealing, promissory estoppel, detrimental reliance,
invasion of privacy, nonphysical injury, personal injury or sickness or any other harm, wrongful or retaliatory discharge, fraud,
defamation, slander, libel, false imprisonment, negligent or intentional infliction of emotional distress; and (iv) any and all
claims for monetary or equitable relief, including but not limited to attorneys' fees, back pay, front pay, reinstatement, experts'
fees, medical fees or expenses, costs and disbursements.

 

However, this general
release and waiver of claims excludes, and the Executive does not waive, release or discharge, (i) any right to file an administrative
charge or complaint with the Equal Employment Opportunity Commission or other administrative agency, although the Executive waives
any right to monetary relief related to such a charge or administrative complaint; and (ii) claims which cannot be waived by law,
such as claims for unemployment benefit rights and workers' compensation (however, the release does include claims pursuant to
California Labor Code Sections 132a and 4558), specified claims under the California Fair Employment and Housing Act relating to
unlawful acts in the workplace or indemnification as required by law.

 

    -10-

     

    

5.2          
Specific Release of ADEA Claims.

 

In further consideration
of the payments and benefits provided to the Executive in this Agreement, the Releasors hereby irrevocably and unconditionally
fully and forever waive, release and discharge the Releasees from any and all Claims, whether known or unknown, from the beginning
of time to the date of the Executive’s execution of this Agreement arising under the Age Discrimination in Employment
Act (ADEA), as amended, and its implementing regulations. By signing this Agreement, the Executive hereby acknowledges and
confirms that: (i) the Executive has read this Agreement in its entirety and understands all of its terms; (ii) the Executive
has been advised of and has availed himself of his right to consult with his attorney prior to executing this Agreement; (iii)
the Executive knowingly, freely and voluntarily assents to all of the terms and conditions set out in this Agreement including,
without limitation, the waiver, release and covenants contained herein; (iv) the Executive is executing this Agreement, including
the waiver and release, in exchange for good and valuable consideration in addition to anything of value to which he is otherwise
entitled; (v) the Executive was given at least twenty-one (21) days to consider the terms of this Agreement and consult
with an attorney of his choice, although he may sign it sooner if desired; (vi) the Executive understands that he has seven (7)
days from the date he signs this Agreement to revoke the release in this paragraph by delivering notice of revocation
to the Company in the manner provided by this Agreement before the end of such seven-day period; and (vii) the Executive understands
that the release contained in this paragraph does not apply to rights and claims that may arise after the date on which the Executive
signs this Agreement.

 

5.3          
Knowing and Voluntary Acknowledgment.

 

The Executive specifically
agrees and acknowledges that: (i) the Executive has read this Agreement in its entirety and understands all of its terms; (ii)
the Executive has been advised of and has availed himself of his right to consult with his attorney prior to executing this Agreement;
(iii) the Executive knowingly, freely and voluntarily assents to all of its terms and conditions including, without limitation,
the waiver, release and covenants contained herein; (iv) the Executive is executing this Agreement, including the waiver and release,
in exchange for good and valuable consideration in addition to anything of value to which he is otherwise entitled; (v) the Executive
is not waiving or releasing rights or claims that may arise after his execution of this Agreement; and (vi) the Executive understands
that the waiver and release in this Agreement is being requested in connection with the cessation of his employment with the Company.

 

It is Executive’s
intention in executing this Agreement and receiving the Consideration provided for in this Agreement that this instrument shall
be effective as a full and final accord and satisfaction and general release of all claims, known or unknown. Executive acknowledges
that this Agreement resolves all legal claims Executive has against the Company and Releasees as of the Effective Date of this
Agreement, regardless of whether Executive actually knows about them or not. Executive understands that this instrument shall be
effective as a full and final release of all claims. Executive acknowledges that Executive is familiar with and have been provided
with separate consideration for that portion of Section 1542 of the Civil Code of the State of California which provides as follows:

 

“A
general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her
favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement
with the debtor or released party.”

 

    -11-

     

    

Executive waives any
right Executive has under the above-mentioned Section 1542 to the fullest extent Executive may lawfully waive all such rights pertaining
to the subject matter of this Agreement. In connection with the above waiver, Executive is aware that Executive may hereafter discover
claims or facts in addition to or different from those Executive now knows or believes to exist with respect to the subject matter
of this Agreement. However, Executive and Executive’s successors and assigns hereby settle and release all of the claims
which Executive may have against the Company and Releasees.

 

		6.	No Mitigation.

 

In no event shall Executive
be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any
of the provisions of this Agreement and, except as otherwise provided herein, such amounts shall not be reduced whether or not
Executive obtains other employment.

 

		7.	Clawback.

 

All incentive compensation
paid to Executive pursuant to this Agreement or otherwise in connection with Executive’s employment with Company shall be
subject to forfeiture, recovery by Company or other action pursuant to any clawback or recoupment policy which Company may adopt
from time to time.

 

		8.	Miscellaneous.

 

8.1          
Valid Obligation. This Agreement has been duly authorized, executed and delivered by Company and
has been duly executed and delivered by Executive and is a legal, valid and binding obligation of Company and of Executive, enforceable
in accordance with its terms.

 

8.2          
No Conflicts. Executive represents and warrants that the performance by Executive of the duties
that are reasonably expected to be performed hereunder will not result in a material breach of any agreement to which Executive
is a party.

 

8.3          
Applicable Law. This Agreement shall be construed in accordance with the laws of the State of California
(the “Applicable State Law”), without reference to California’s choice of law statutes or decisions.

 

8.4          
Severability. The provisions of this Agreement shall be deemed severable, and the invalidity or
unenforceability of any one or more of the provisions hereof shall not affect the validity or enforceability of any other provision.
If any provision of this Agreement shall be prohibited by or invalid under the Applicable State Law, the prohibited or invalid
provision(s) shall be deemed severed herefrom and shall be unenforceable to the extent of such prohibition or invalidity without
invalidating the remainder of such provision or the remaining provisions of this Agreement. In the event any clause of this Agreement
is deemed to be invalid, the parties shall endeavor to modify that clause in a manner which carries out the intent of the parties
in executing this Agreement.

 

    -12-

     

    

8.5          
No Waiver. The waiver of a breach of any provision of this Agreement by any party shall not be
deemed or held to be a continuing waiver of such breach or a waiver of any subsequent breach of any provision of this Agreement
or as nullifying the effectiveness of such provision, unless agreed to in writing by the parties.

 

8.6          
Notices. All demands, notices, requests, consents and other communications required or permitted
under this Agreement shall be in writing and shall be personally delivered or sent by facsimile machine (with a confirmation copy
sent by one of the other methods authorized in this Section), or by commercial overnight delivery service, to the parties at the
addresses set forth below:

 

 

	 	To Company:	 	3D Systems Corporation

                           333 Three D Systems Circle

                           Rock Hill, South Carolina 29730

                           Attention: Chairman of the Board of Directors

	 	 	 	 
	 	 	 	With a copy to
the Chief Legal Officer
	 	 	 	 
	 	To Executive:	 	At
the address and/or fax number most recently contained in Company’s records

 

Notices shall be deemed given upon the
earliest to occur of (i) receipt by the party to whom such notice is directed, if hand delivered; (ii) if sent by facsimile
machine, on the day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is directed) such
notice is sent if sent (as evidenced by the facsimile confirmed receipt) prior to 5:00 p.m. Central Time and, if sent after
5:00 p.m. Central Time, on the day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice
is directed) after which such notice is sent; or (iii) on the first business day (other than a Saturday, Sunday or legal holiday
in the jurisdiction to which such notice is directed) following the day the same is deposited with the commercial carrier if sent
by commercial overnight delivery service. Each party, by notice duly given in accordance therewith may specify a different address
for the giving of any notice hereunder.

 

8.7          
Assignment of Agreement. This Agreement shall be binding upon and inure to the benefit of Executive
and Company, their respective successors and permitted assigns and Executive’s heirs and personal representatives. Executive
may not assign any rights or obligations hereunder to any person or entity without the prior written consent of Company. This Agreement
shall be personal to Executive for all purposes.

 

    -13-

     

    

8.8          
Entire Agreement; Termination of Prior Agreements; Amendments. Except as otherwise provided herein,
this Agreement contains the entire understanding between the parties, and there are no other agreements or understandings between
the parties with respect to Executive’s employment by Company and Executive’s obligations thereto other than Executive’s
indemnification or related rights under Company’s certificate of incorporation or Bylaws or under any indemnification agreement
between Company and Executive and Executive’s rights under any equity incentive plans or bonus plans of Company. Executive
acknowledges that Executive is not relying upon any representations or warranties concerning Executive’s employment by Company
except as expressly set forth herein. No amendment or modification to the Agreement shall be valid except by a subsequent written
instrument executed by the parties hereto.

 

8.9          
Dispute Resolution and Arbitration. The following procedures shall be used in the resolution of
disputes:

 

8.9.1     
Dispute. In the event of any dispute or disagreement between the parties under this Agreement (excluding
an action for injunctive or declaratory relief as provided in Section 4.8), the disputing party shall provide written notice to
the other party that such dispute exists. The parties will then make a good faith effort to resolve the dispute or disagreement.
If the dispute is not resolved upon the expiration of fifteen (15) days from the date a party receives such notice of dispute,
the entire matter shall then be submitted to arbitration as set forth in Section 8.9.2.

 

8.9.2     
Arbitration. Should any legal claim (other than those excepted below) arising out of or in any
way relating to this Agreement or Executive's employment or the termination of Executive's employment not be resolved by negotiation
or mediation, it shall be subject to binding and final arbitration in Rock Hill, South Carolina, which is in York County, the cost
of which shall be equally shared between the parties. Any demand for arbitration shall be in writing and must be communicated to
the other party prior to the expiration of the applicable statute of limitations. Unless otherwise provided herein, the arbitration
shall be conducted by a single arbitrator in accordance with the Employment Arbitration Rules and Mediation Procedures published
by the American Arbitration Association. If the arbitrator selected as set forth herein determines that this location constitutes
a significant hardship on the Executive and constitutes an impermissible barrier to Executive’s efforts to enforce Executive’s
statutory or contractual rights, such arbitration may be conducted in some other place determined to be reasonable by the arbitrator.
The arbitrator shall be selected by mutual agreement of the parties. If the parties cannot agree on an arbitrator within thirty
(30) days after written request for arbitration is made by one party to the controversy, a neutral arbitrator shall be appointed
according to the procedures set forth in the American Arbitration Association Employment Arbitration Rules and Mediation Procedures.
In rendering the award, the arbitrator shall have the authority to resolve only the legal dispute between the parties, shall not
have the authority to abridge or enlarge substantive rights or remedies available under existing law, and shall determine the rights
and obligations of the parties according to the substantive laws of the Applicable State Law and any applicable federal law. In
addition, the arbitrator's decision and award shall be in writing and signed by the arbitrator, and accompanied by a concise written
explanation of the basis of the award. The award rendered by the arbitrator shall be final and binding, and judgment on the award
may be entered in any court having jurisdiction thereof. The arbitrator is authorized to award any party a sum deemed proper for
the time, expense, and trouble of arbitration, including arbitration fees and attorneys’ fees.

 

    -14-

     

    

8.9.3     
Types of Claims. All legal claims brought by Executive or Company related to this Agreement, the employment
relationship, terms and conditions of Executive’s employment, and/or termination from employment are subject to this dispute
resolution procedure. These include, by way of example and without limitation, any legal claims based on alleged discrimination
or retaliation on the basis of race, sex (including sexual harassment), religion, national origin, age, disability or other protected
classification, whether based on state or federal law; payment of wages, bonuses, or commissions; workers’ compensation retaliation;
defamation; invasion of privacy; infliction of emotional distress and/or breach of an express or implied contract. Disputes and
actions excluded from Section 8.9 are: (1) claims for workers’ compensation or unemployment benefits; (2) claims for benefits
under a Company plan or program that provides its own process for dispute resolution; (3) claims for declaratory or injunctive
relief (any such proceedings will be without prejudice to the parties’ rights under Section 8.9 to obtain additional relief
in arbitration with respect to such matters); (4) claims for unfair labor practices filed with the National Labor Relations Board;
and (5) actions to compel arbitration or to enforce or vacate an arbitrator's award under Section 8.9, such action to be governed
by the Federal Arbitration Act (“FAA”) and the provisions of Section 8.9. Nothing in this Agreement shall be
interpreted to mean that Executive is precluded from filing complaints with the Equal Employment Opportunity Commission, the National
Labor Relations Board or any similar state or federal agency. Any controversy over whether a dispute is arbitrable or as to the
interpretation of Section 8.9 with respect to such arbitration will be determined by the arbitrator.

 

8.10       
Headings. Section headings used in this Agreement are for convenience of reference only and shall
not be used to construe the meaning of any provision of this Agreement.

 

8.11       
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an
original, but both of which together shall constitute one and the same instrument. Signatures delivered via facsimile or electronic
file shall be the same as original signatures.

 

8.12       
Taxes. Executive shall be solely responsible for taxes imposed on Executive by reason of any compensation
and benefits provided under this Agreement and all such compensation and benefits shall be subject to applicable withholding.

 

8.13       
Section 409A of the Code. It is intended that this Agreement will comply with Section 409A of the
Code (and any regulations and guidelines issued thereunder) to the extent the Agreement is subject thereto, and the Agreement shall
be interpreted on a basis consistent with such intent. If an amendment of the Agreement is necessary in order for it to comply
with Section 409A, the parties hereto will negotiate in good faith to amend the Agreement in a manner that preserves the original
intent of the parties to the extent reasonably possible. No action or failure by Company in good faith to act, pursuant to this
Section 8.13, shall subject Company to any claim, liability, or expense, and Company shall not have any obligation to indemnify
or otherwise protect Executive from the obligation to pay any taxes pursuant to Section 409A of the Code.

 

In addition, notwithstanding
any provision to the contrary in this Agreement, if Executive is deemed on the date of Executive’s “separation from
service” (within the meaning of Treas. Reg. Section 1.409A-1(h)) to be a “specified employee” (within
the meaning of Treas. Reg. Section 1.409A-1(i)), then with regard to any payment that is required to be delayed pursuant to Section
409A(a)(2)(B) of the Code (the “Delayed Payments”), such payment shall not be made prior to the earlier of (i)
the expiration of the six (6) month period measured from the date of Executive’s “separation from service” and
(ii) the date of Executive’s death. Any payments due under this Agreement other than the Delayed Payments shall be paid in
accordance with the normal payment dates specified herein. In no case will the delay of any of the Delayed Payments by Company
constitute a breach of Company’s obligations under this Agreement. For the provision of payments and benefits under this
Agreement upon termination of employment, reference to Executive’s “termination of employment” (and corollary
terms) with Company shall be construed to refer to Executive’s “separation from service” from Company (as determined
under Treas. Reg. Section 1.409A-1(h), as uniformly applied by Company) in tandem with Executive’s termination of employment
with Company.

 

    -15-

     

    

In addition, to the
extent that any reimbursement or in-kind benefit under this Agreement or under any other reimbursement or in-kind benefit plan
or arrangement in which Executive participates during the term of Executive’s employment under this Agreement or thereafter
provides for a “deferral of compensation” within the meaning of Section 409A of the Code, (i) the amount eligible
for reimbursement or in-kind benefit in one calendar year may not affect the amount eligible for reimbursement or in-kind benefit
in any other calendar year (except that a plan providing medical or health benefits may impose a generally applicable limit on
the amount that may be reimbursed or paid), (ii) the right to reimbursement or an in-kind benefit is not subject to liquidation
or exchange for another benefit, and (iii) subject to any shorter time periods provided herein, any such reimbursement of
an expense or in-kind benefit must be made on or before the last day of the calendar year following the calendar year in which
the expense was incurred.

 

For purposes of Section
409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s
right to receive the severance payments shall be treated as a right to receive a series of separate payments and, accordingly,
each installment payment shall at all times be considered a separate and distinct payment.

 

 

8.14       
Payment by Subsidiaries. Executive acknowledges and agrees that Company may satisfy its obligations
to make payments to Executive under this Agreement by causing one or more of its subsidiaries to make such payments to Executive.
Executive agrees that any such payment made by any such subsidiary shall fully satisfy and discharge Company’s obligation
to make such payment to Executive hereunder (but only to the extent of such payment).

 

[ Signature Page
to Follow ]

 

    -16-

     

    

 

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date and year first above written, to be effective at the Effective Date.

 

 

	 	EXECUTIVE	 
	 		 
	 	 	 
	 	/s/ Kevin McAlea	 
	 	Kevin McAlea	 
	 	 	 
	 	 	 
	 	3D Systems Corporation	 
	 	 	 
	 	 	 
	 	By:	/s/ Andrew M. Johnson	 
	 	Name:	Andrew M. Johnson	 
	 	Title:	Executive Vice President, Chief Legal Officer and Secretary	 

 

 

    -17-

     

    

 

EXHIBIT A

 

The portion of the outstanding
restricted shares in which your interest shall become vested and nonforfeitable as of May 31, 2019 shall be equal to that number
of whole shares of Common Stock that most nearly equals, but does not exceed an amount equal to the product:

 

		(1)	the total number of outstanding restricted shares on May 31, 2019, multiplied by

 

		(2)	the quotient of (A) the number of calendar days from the date of grant through May 31, 2019, divided
by (B) the number of calendar days from the date of grant through the third anniversary of the date of grant.

 

 

 

	Calculation of Prorated Restricted Stock Awards (Grant Date to 5/31/19)	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5/31/19	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grant Date	 	 	Number of 
 Shares Granted		 	 	Shares Vested before 5/31/19	 	 	 	Days in 
 Vesting Period		 	 	Days Held
 (Grant Date to 5/31/19)	 	 	 	Per Day Value	 	 	 	Days Held X 
 Per Day Valu	e
	7/26/2016	 	 	50,000	 	 	 	33,334	 	 	 	1,096	 	 	 	1,039	 	 	 	45.62	 	 	 	14,066	 
	12/4/2017	 	 	34,208	 	 	 	11,403	 	 	 	986	 	 	 	543	 	 	 	34.69	 	 	 	7,436	 
	2/15/2019	 	 	23,757	 	 	 	0	 	 	 	1,097	 	 	 	105	 	 	 	21.66	 	 	 	2,274	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Total prorated shares from RSAs	 	 	 	23,775	 

 

 

 

 

  

	Calculation of Prorated Performance Stock Units (Grant Date to 5/31/19)	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5/31/19	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Perf Stock Units
 Grant Date	 	 	Number of 
 PSUs Earned @ 2/15/19		 	 	PSUs Vested before 5/31/19	 	 	 	Days in 
 Vesting Period		 	 	Days Held
 (Grant Date to 5/31/19)	 	 	 	Per Day Value	 	 	 	Days Held X 
 Per Day Valu	e
	2/15/2018	 	 	14,111	 	 	 	4,704	 	 	 	1,097	 	 	 	470	 	 	 	12.86	 	 	 	1,342	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 		 	Total prorated shares from PSUs	 	 	 	1,342

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