Document:

EX-10.27

 Exhibit 10.27 

NONQUALIFIED 

DEFERRED COMPENSATION PLAN 

- PLAN DOCUMENT - 

As Restated Effective January 1, 2017 

 NONQUALIFIED 

DEFERRED COMPENSATION PLAN 

SECTION 1 INTRODUCTION 
  

	1.1	Adoption of Plan and Purpose 

 This Plan is an unfunded, nonqualified deferred
compensation plan. With the consent of the Employer (as defined in subsection 2.16) the plan may be adopted by executing the Adoption Agreement (as defined in subsection 2.3) in the form attached hereto. The Plan contains certain variable features
which the Employer has specified in the Adoption Agreement. Only those variable features specified by the Employer in the Adoption Agreement will be applicable to the Employer. 

The purpose of the Plan is to provide certain supplemental benefits under the Plan to a select group of management or highly compensated
Employees of the Employer (in accordance with Sections 201, 301 and 401 of ERISA) or Other Service Providers to the Employer (as defined below), and to allow such Employees or Other Service Providers the opportunity to defer a portion of their
salaries, bonuses and other compensation, subject to the terms of the Plan. Participants (and their Beneficiaries) shall have only those rights to payments as set forth in the Plan and shall be considered general, unsecured creditors of the Employer
with respect to any such rights. The Plan is designed to comply with Code Section 409A and all guidance issued in connection with Code Section 409A. It is intended that the Plan be interpreted according to a good faith interpretation of Code Section
409A, and consistent with published IRS guidance, including proposed and final IRS regulations under Code Section 409A. Treatment of amounts in the Plan under any transition rules provided under all IRS and other guidance in connection with Code
Section 409A shall be expressly authorized hereunder in accordance with procedures developed by the Administrator. In the event of any inconsistency between the terms of the Plan and Code Section 409A (and regulations thereunder), the terms of Code
Section 409A (and the regulations thereunder) shall control. The Plan is intended to constitute an account balance plan (as defined in Treasury Regulation Section 1.409A-1(c)). 

By becoming a Participant and making deferrals under this Plan, each Participant agrees to be bound by the provisions of the Plan and the
determinations of the Employer and the Administrator hereunder. 
  

	1.2	Adoption of the Plan 

 The Employer may adopt the Plan by completing and signing the
Adoption Agreement in the form attached hereto. 
  

	1.3	Plan Year 

 The Plan is administered on the basis of a Plan Year, as defined in
subsection 2.27. 

  
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	1.4	Plan Administration 

 The plan shall be administered by a plan administrator (the
“Administrator,” as that term is defined in Section 3(16)(A) of ERISA) designated by the Employer in the Adoption Agreement. The Administrator has full discretionary authority to construe and interpret the provisions of the Plan and make
factual determinations thereunder, including the power to determine the rights or eligibility of employees or participants and any other persons, and the amounts of their benefits under the plan, and to remedy ambiguities, inconsistencies or
omissions, and such determinations shall be binding on all parties. The Administrator from time to time may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are
consistent with the terms of the Plan. The administrator may delegate all or any part of its powers, rights, and duties under the Plan to such person or persons as it may deem advisable, and may engage agents to provide certain administrative
services with respect to the Plan. Any notice or document relating to the Plan which is to be filed with the Administrator may be delivered, or mailed by registered or certified mail, postage pre-paid, to the
Administrator, or to any designated representative of the Administrator, in care of the Employer, at its principal office. 

  
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 SECTION 2 DEFINITIONS 

 

	2.1	Account 

 “Account” means all notional accounts and subaccounts maintained for
a Participant in order to reflect his interest under the Plan, as described in Section 6. 
  

	2.2	Administrator 

 “Administrator” means the individual or individuals (if any)
delegated authority by the Employer to administer the Plan, as defined in subsection 1.4. 
  

	2.3	Adoption Agreement 

 “Adoption Agreement” shall mean the form executed by the
Employer and attached hereto, which Agreement shall constitute a part of the Plan. 
  

	2.4	Beneficiary 

 “Beneficiary” means the person or persons to whom a deceased
Participant’s benefits are payable under subsection 9.5. 
  

	2.5	Board 

 “Board” means the Board of Directors of the Employer (if applicable),
as from time to time constituted. 
  

	2.6	Board Member 

 “Board Member” means a member of the Board. Effective
January 1, 2017, Board Members shall not be Eligible Individuals and are not permitted to defer additional Compensation under the Plan. Any balance credited to a Board Member’s Account as of December 31, 2016 shall nevertheless
continue to be adjusted for notional investment gains and losses under the terms of the Plan and shall be distributed to him at the time and manner set forth in Section 9. 

 

	2.7	Bonus 

 “Bonus” (also referred to herein as a
“Non-Performance-Based Bonus) means an award of cash that is not a Performance-Based Bonus (as defined in subsection 2.25) that is payable to an Employee (or Board Member or Other Service Provider, as
applicable) in a given year, with respect to the immediately preceding Bonus performance period, which may or may not be contingent upon the achievement of specified performance goals. 

 

	2.8	Code 

 “Code” means the Internal Revenue Code of 1986, as amended. Reference to
a specific section of the Code shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing, or superseding such section. 

  
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	2.9	Compensation 

 “Compensation” shall mean the amount of a Participant’s
remuneration from the Employer designated in the Adoption Agreement for the Plan Year (or, as determined in accordance with procedures established by the Employer, for the period during which the Participant remains an Eligible Individual).
Notwithstanding the foregoing, the Compensation of an Other Service Provider (as defined in subsection 2.22) shall mean his remuneration from the Employer pursuant to an agreement to provide services to the Employer. With respect to any Participant
who is a Member of the Board (if applicable), “Compensation” means all cash remuneration which, absent a deferral election under the Plan, would have otherwise been received by the Board Member in the taxable year, payable to the Board
Member for service on the Board and on Board committees, including any cash payable for attendance at Board meetings and Board committee meetings, but not including any amounts constituting reimbursements of expenses to Board Members. To the extent
the Employer has designated “401(k) Refunds” in the Adoption Agreement (and to the extent elected by the Participant), an amount equal to the Participant’s “401(k) Refund” shall be deferred from the Participant’s
Compensation otherwise payable to the Participant in the next subsequent Compensation pay period (or such later pay period in the same calendar year as the Administrator determines shall be administratively feasible), and shall be credited to the
Participant’s Compensation Deferral Account in accordance with subsection 4.1. For purposes of this subsection, “401(k) Refund” means any amount distributed to the applicable Participant from the Employer’s qualified retirement
plan intended to comply with Section 401(k) of the Code that is in excess of the maximum deferral for the prior calendar year allowable under such qualified retirement plan. Notwithstanding the foregoing, the definition of compensation for purposes
of determining key employees under subsection 9.3 of the Plan shall be determined solely in accordance with subsection 9.3. To the extent not otherwise designated by the Employer in a separate document forming part of the Plan, Compensation payable
after December 31 of a given year solely for services performed during the Employer’s final payroll period containing December 31, is treated as Compensation payable for services performed in the subsequent year in which the non-deferred portion of the payroll payment is actually made. 
  

	2.10	Compensation Deferrals 

 “Compensation Deferrals” means the amounts credited to
a Participant’s Compensation Deferral Account pursuant to the Participant’s election made in accordance with subsection 4.1. 
  

	2.11	Deferral Election 

 “Deferral Election” means an election by a Participant to
make Compensation Deferrals or Performance-Based Bonus Deferrals in accordance with Section 4. 

  
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	2.12	Disability 

 “Disability” for purposes of this Plan shall mean the occurrence
of an event as a result of which the Participant is considered disabled, as designated by the Employer in the Adoption Agreement. 
  

	2.13	Effective Date 

 “Effective Date” means the Effective Date of the Plan
restatement, as indicated in the Adoption Agreement. 
  

	2.14	Eligible Individual 

 “Eligible Individual” means each Other Service Provider
or Employee of an Employer who satisfies the eligibility requirements set forth in the Adoption Agreement, for the period during which he is determined by the Employer to satisfy such requirements. 

 

	2.15	Employee 

 “Employee” means a person who is employed by an Employer and is
treated and/or classified by the Employer as a common law employee for purposes of wage withholding for Federal income taxes. If a person is not considered to be an Employee of the Employer in accordance with the preceding sentence, a subsequent
determination by the Employer, any governmental agency, or a court that the person is a common law employee of the Employer, even if such determination is applicable to prior years, will not have a retroactive effect for purposes of eligibility to
participate in the Plan. 
  

	2.16	Employer 

 “Employer” means the business entity designated in the Adoption
Agreement, and its successors and assigns unless otherwise herein provided, or any other corporation or business organization which, with the consent of the Employer, or its successors or assigns, assumes the Employer’s obligations hereunder,
and any affiliate or subsidiary of the Employer or other corporation or business organization in the Employer’s “controlled group” (as defined in Subsections 414(b) and (c) of the Code and
Section 1.409A-1(h) of the Treasury Regulations), that has adopted the Plan on behalf of its Eligible Individuals with the consent of the Employer. 

 

	2.17	Employer Contributions 

 “Employer Contributions” means the amounts other than
Matching Contributions that are credited to a Participant’s Employer Contributions Account under the Plan by the Employer in accordance with subsection 4.4. 
  

	2.18	ERISA 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. Reference to a specific section of ERISA shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing, or superseding such section. 

  
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	2.19	Fiscal Year Compensation 

 “Fiscal Year Compensation” means Compensation
relating to a period of service coextensive with one or more consecutive non-calendar-year fiscal years of the Employer, where no amount of such Compensation is paid or payable during the service period. For
example, a Bonus based upon a service period of two consecutive fiscal years payable after the completion of the second fiscal year would be “Fiscal Year Compensation,” but periodic salary payments or Bonuses based on service periods other
than the Employer’s fiscal year would not be Fiscal Year Compensation. 
  

	2.20	Investment Funds 

 “Investment Funds” means the notional funds or other
investment vehicles designated pursuant to subsection 5.1. 
  

	2.21	Matching Contributions 

 “Matching Contributions” means the amounts credited to
a Participant’s Employer Contribution Account under the Plan by the Employer that are based on the amount of Participant Deferrals made by the Participant under the Plan, or that are based upon such other formula as designated by the Employer
in the Adoption Agreement, in accordance with subsection 4.3. 
  

	2.22	Other Service Providers 

 “Other Service Providers” shall mean independent
contractors, consultants, or other similar providers of services to the Employer, other than Employees and Board Members. To the extent that an Other Service Provider is unrelated to the Employer and satisfies the other requirements of Treasury
Regulation Section 1.409A-1(f)(2)(i) as described therein and in Code Section 409A and other applicable regulations, guidance, etc. thereunder, the provisions of such guidance shall not apply. To the extent
that an Other Service Provider uses an accrual method of accounting for a given taxable year, amounts deferred under the Plan in such taxable year shall not be subject to Code Section 409A and other applicable guidance thereunder, notwithstanding
any provision of the Plan to the contrary. 
  

	2.23	Participant 

 “Participant” means an Eligible Individual who meets the
requirements of Section 3 and elects to make Compensation Deferrals pursuant to Section 4, or who receives Employer Contributions or Matching Contributions pursuant to subsection 4.3 or 4.4. A Participant shall cease being a
Participant in accordance with subsection 3.2 herein. 

  
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	2.24	Participant Deferrals 

 “Participant Deferrals” means all amounts deferred by a
Participant under this Plan, including Participant Compensation Deferrals and Participant Performance-Based Bonus Deferrals. 
  

	2.25	Performance-Based Bonus 

 “Performance-Based Bonus” generally means
Compensation where the amount of or entitlement to, the compensation is contingent on the satisfaction of previously established organizational or individual performance criteria relating to a performance period of at least 12 consecutive months in
which the Eligible Individual performs services, pursuant to rules described in Treasury Regulation Section 1.409A-1(e). 
  

	2.26	Performance-Based Bonus Deferrals 

 “Performance-Based Bonus Deferrals” means
the amounts credited to a Participant’s Compensation Deferral Account from the Participant’s Performance-Based Bonus pursuant to the Participant’s election made in accordance with subsection 4.2. 

 

	2.27	Plan Year 

 “Plan Year” means each 12-month period specified in the
Adoption Agreement, on the basis of which the Plan is administered. 
  

	2.28	Retirement 

 “Retirement” for purposes of this Plan means the
Participant’s Termination Date, as defined in subsection 2.30, after attaining any age and/or service minimums with respect to Retirement or Early Retirement as designated by the Employer in the Adoption Agreement. 

 

	2.29	Spouse 

 “Spouse” means the person to whom a Participant is legally married
under applicable state law at the earlier of the date of the Participant’s death or the date payment of the Participant’s benefits commenced and who is living on the date of the Participant’s death. 

 

	2.30	Termination Date 

 “Termination Date” means (i) with respect to an
Employee Participant, the Participant’s separation from service (within the meaning of Section 409A of the Code and the regulations, notices and other guidance thereunder, including death or Disability) with the Employer, and any subsidiary or
affiliate of the Employer as defined in Sections 414(b) and (c) of the Code and Section 1.409A-1(h) of the Treasury Regulations; (ii) with respect to a Board Member Participant, the Participant’s resignation or removal from the
Board (for any reason, including death or following Disability); and (iii) with respect to any Other Service Provider, the expiration of all agreements to provide services to the Employer (for any reason, including death or following
Disability). The date that an Employee’s, Board Member’s, or Other Service 

  
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Provider’s performance of services for all the Employers is reduced to a level less than 20% of the average level of services performed in the preceding
36-month period, shall be considered a Termination Date, and the performance of services at a level of 50% or more of the average level of services performed in the preceding
36-month period shall not be considered a Termination Date, based on the parties’ reasonable expectations as of the applicable date. A Participant’s Termination Date shall not be deemed to have
occurred if the Employee’s, Board Member’s or Other Service Provider’s average level of service performed in the preceding 36-month period drops below 50% but not less than 20%, unless the
Employer: (i) has designated in a writing forming part of the Plan that a level between 20% and 50% will be deemed to trigger a Termination Date, and (ii) such writing was in place at or prior to the date required under Code Section
409A and the regulations and other guidance thereunder. If such designation is subsequently changed, the change must comply with the rules regarding subsequent deferrals and the acceleration of payments described in Code Section 409A and the
regulations, notices, rulings and other guidance thereunder. If a Participant is both a Board Member Participant and an Employee Participant, “Termination Date” means the date the Participant satisfies both criteria (i) and (ii)
above. 
  

	2.31	Valuation Date 

 “Valuation Date” means the last day of each Plan Year and any
other date that the Employer, in its sole discretion, designates as a Valuation Date, as of which the value of an Investment Fund is adjusted for notional deferrals, contributions, distributions, gains, losses, or expenses. 

 

	2.32	Other Definitions 

 Other defined terms used in the Plan shall have the meanings given
such terms elsewhere in the Plan. 

  
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 SECTION 3 ELIGIBILITY AND PARTICIPATION 

 

	3.1	Eligibility 

 Each Eligible Individual on the Effective Date of the Plan shall be
eligible to become a Participant by properly making a Deferral Election on a timely basis as described in Section 4, or, if applicable and eligible as designated by the Employer in the Adoption Agreement, by receiving a Matching Contribution or
other Employer Contribution under the Plan. Each other Eligible Individual may become a Participant by making a Deferral Election on a timely basis as described in Section 4 or, if applicable and eligible as designated by the Employer in the
Adoption Agreement, by receiving a Matching Contribution or other Employer Contribution under the Plan. Each Eligible Individual’s decision to become a Participant by making a Deferral Election shall be entirely voluntary. The Employer may
require the Participant to complete any necessary forms or other information as it deems necessary or advisable prior to permitting the Eligible Individual to commence participation in the Plan. Effective January 1, 2017, Board Members shall
not be Eligible Individuals and are not permitted to defer additional Compensation under the Plan. Any balance credited to a Board Member’s Account as of December 31, 2016 shall nevertheless continue to be adjusted for notional investment
gains and losses under the terms of the Plan and shall be distributed to him at the time and manner set forth in Section 9. 
  

	3.2	Cessation of Participation 

 If a Termination Date occurs with respect to a Participant,
or if a Participant otherwise ceases to be an Eligible Individual, no further Compensation Deferrals, Performance-Based Bonus Deferrals, Matching Contributions or other Employer Contributions shall be credited to the Participant’s Accounts
after the Participant’s Termination Date or date the Participant ceases to be eligible (or as soon as administratively feasible after the date the Participant ceases to be eligible or, if applicable, the end of the then-current Plan Year or
performance period with respect to Performance-Based Bonuses), unless he is again determined to be an Eligible Individual, but the balance credited to his Accounts shall continue to be adjusted for notional investment gains and losses under the
terms of the Plan and shall be distributed to him at the time and manner set forth in Section 9. An Employee, Board Member or Other Service Provider shall cease to be a Participant after his Termination Date or other loss of eligibility as soon
as his entire Account balance has been distributed. 
  

	3.3	Eligibility for Matching or Employer Contributions 

 An Employee Participant who has
satisfied the requirements necessary to become an Eligible Individual with respect to Matching Contributions as specified in the Adoption Agreement, and who has made a Compensation Deferral election pursuant to subsection 4.1 herein or who
has satisfied such other criteria as specified in the Adoption Agreement, shall be eligible to receive Matching Contributions described in subsection 4.3. An Employee Participant who has satisfied the requirements necessary to become an Eligible
Individual with respect to Employer Contributions other than Matching Contributions as specified in the Adoption Agreement, shall be eligible to receive Employer Contributions described in subsection 4.4. 

  
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 SECTION 4 DEFERRALS AND CONTRIBUTIONS 

 

	4.1	Compensation Deferrals Other Than Performance-Based Bonus Deferrals 

 Each Plan Year, an Eligible
Individual may elect to defer receipt of no less than the minimum and no greater than the maximum percentage or amount selected by the Employer in the Adoption Agreement with respect to each type of Compensation (other than Performance-Based
Bonuses) earned with respect to pay periods beginning on and after the effective date of the election; provided, however, that Compensation earned prior to the date the Participant satisfies the eligibility requirements of Section 3 shall not
be eligible for deferral under this Plan. Except as otherwise provided in this subsection, a Participant’s Deferral Election for a Plan Year under this subsection must be made not later than December 31 of the preceding Plan Year
(or such earlier date as determined by the Administrator) with respect to Compensation (other than Performance-Based Bonuses) earned in pay periods beginning on or after the following January 1 in accordance with rules established by the
Administrator. An election to defer restricted stock units (RSUs) into the Plan must be made by one of the following deadlines: (i) the end of the calendar year prior to the date of grant of the RSU; (ii) 12 months before the payment date of
the RSU (vesting date is treated as the payment date for these purposes), but the election will not take effect for 12 months, and the subsequent payout date must be at least five years later than the original payment date); (iii) within 30 days of
the date of grant (but only if the RSU is structured so that vesting is contingent on the Participant performing services for at least an additional 12 months); or (iv) within 6 months of the payment (vesting) date, but only if the RSU
is performance-based under Code Section 409A, and only if the performance period must be at least 12 months long and either: (a) the amount of the compensation cannot be reasonably ascertained at the time of the election, or (b) the
performance requirement is still not substantially certain to be met at the time of the election. If the Employer allows for deferral of RSUs structured so that a specified portion of the RSU grant vests periodically (for example, an RSU grant over
a four-year period vesting 25% annually), then the election to defer may be made separately with respect to each portion of the grant that vests in a given year, if permitted by the Employer. However, each election for each portion of the grant must
be made either: (i) within thirty days of the date of grant or each anniversary thereof, and only if the RSU is structured so that vesting is contingent on the employee performing services for at least an additional 12 months subsequent
to the election; or (ii) 12 months before the payment date of the RSU (vesting date is treated as the payment date for these purposes), but the election will not take effect for 12 months, and the subsequent payout date must be at least five years
later than the previous payment date. 
 An Employee or Other Service Provider who first becomes an Eligible Individual during a Plan Year
(by virtue of a promotion, Compensation increase, commencement of employment with the Employer, execution of an agreement to provide services to an Employer, or any other reason) shall be provided enrollment documents (including Deferral Election
forms) as soon as administratively feasible following such initial notification of eligibility. Such Eligible Individual must make his Deferral Elections within 30 days after first becoming an Eligible Individual, with respect to his
Compensation (other than Performance-Based Bonuses) earned on or after the effective date of the Deferral Election (provided, however, that if such Eligible Individual is participating in any other account balance plan maintained by the Employer or
any member of the Employer’s “controlled group” (as defined in subsections 414(b) and (c) of the 

  
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Code), such Eligible Individual must make his Compensation Deferral Election no later than December 31 of the preceding Plan Year (or such earlier date as determined by the Administrator),
or he may not elect to make Compensation Deferrals for that initial Plan Year). If an Eligible Individual does not elect to make Compensation Deferrals during that initial 30-day period, he may not later elect
to make Compensation Deferrals for that year under this subsection. In the event that an Eligible Individual first becomes eligible during a Plan Year with respect to which Fiscal Year Compensation is payable, such Eligible Individual must make his
Fiscal Year Compensation Deferral Election on or before the end of the fiscal year of the Employer immediately preceding the first fiscal year in which any services are performed for which the Fiscal Year Compensation is payable. 

In the case of an Employee or Other Service Provider who is rehired (or recommences providing services to an Employer as an Other Service
Provider) after having previously been an Eligible Individual, the phrase “first becomes an Eligible Individual” in the first sentence of the preceding paragraph shall be interpreted to apply only where the Eligible Individual either
(i) previously received payment of his total Account balances under the Plan, or (ii) did not previously receive payment of his total Account balances under the Plan, but is rehired (or recommences providing services to an Employer as an
Other Service Provider) at least 24 months after his last day as a previously Eligible Individual prior to again becoming such an Eligible Individual. In all other cases such rehired Employee or Other Service Provider may not elect to make
Compensation Deferrals until the next date determined by the Administrator with respect to Compensation earned after the following January 1. Similarly, in the case of an Employee who recommences status as an Eligible Individual for any other reason
after having previously lost his status as an Eligible Individual (due to Compensation fluctuations, transfer from an ineligible location or job classification, or otherwise), the phrase “first becomes an Eligible Individual” shall be
interpreted to apply only where the Eligible Individual either: (i) previously received payment of his total Account balances under the Plan, or (ii) did not previously receive payment of his total Account balances under the Plan, but
regains his status as an Eligible Individual at least 24 months after his last day as a previously Eligible Individual prior to again becoming such an Eligible Individual. In all other cases such Re-Eligible
Participant may not elect to make Compensation Deferrals until the next date determined by the Administrator with respect to Compensation earned after the following January 1. 

An election to make Compensation Deferrals under this subsection 4.1 shall remain in effect through the last pay period commencing in the
calendar year to which the election applies (except as provided in subsections 2.9 or 4.5), shall apply with respect to the applicable type of Compensation (other than Performance-Based Bonuses) to which the Deferral Election relates earned for pay
periods commencing in the applicable calendar year to which the election applies, and shall be irrevocable (provided, however, that a Participant making a Deferral Election under this subsection may change his election at any time prior to
December 31 of the year preceding the year for which the Deferral Election is applicable, subject to rules established by the Administrator). If a Participant fails to make a Compensation Deferral election for a given Plan Year, such
Participant’s Compensation Deferral Election for that Plan Year shall be deemed to be zero; provided, however, that if the Employer has elected in the Adoption Agreement that a Participant’s Compensation Deferral Election shall be
“evergreen”, then such Participant’s Compensation Deferral Election shall be deemed to be identical to the most recent applicable Deferral Election on file with the Administrator with respect to the applicable type of

  
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Compensation; provided, however, that no In-Service Distribution shall be applicable to any amounts deferred in a year in which the Participant fails to
make an affirmative election, and payment of such amounts for such year shall be made in accordance with his most recent election on file with the Administrator (if no election is on file, then such amounts shall be paid to him in a single lump
sum). 
 Compensation Deferrals shall be credited to the Participant’s Compensation Deferral Account as soon as administratively
feasible after such amounts would have been payable to the Participant. 
  

	4.2	Performance-Based Bonus Deferrals 

 Each Plan Year, an Eligible Individual may elect to
defer receipt of no less than the minimum and no greater than the maximum percentage or amount selected by the Employer in the Adoption Agreement with respect to Performance-Based Bonuses earned with respect to the performance period for which the
Performance-Based Bonus is earned; provided, however, that the Eligible Individual performed services continuously from a date no later than the date upon which the performance criteria are established through a date no earlier than the date upon
which the Eligible Individual makes a Performance-Based Bonus Deferral Election; and further provided that in no event may an election to defer Performance-Based Bonuses be made after such Bonuses have become readily ascertainable. Except as
otherwise provided in this subsection, a Participant’s Performance-Based Bonus Deferral Election under this subsection must be made not later than six months (or such earlier date as determined by the Administrator) prior to the end of the
performance period. 
 An Employee or Other Service Provider who first becomes an Eligible Individual during a Plan Year (by virtue of a
promotion, Compensation increase, commencement of employment with the Employer, execution of an agreement to provide services to an Employer, or any other reason) shall be provided enrollment documents (including Deferral Election forms) as soon as
administratively feasible following such initial notification of eligibility. Such Eligible Individual must make his Performance-Based Bonus Deferral Election within 30 days after first becoming an Eligible Individual (provided, however, that
if such Eligible Individual is participating in any other account balance plan maintained by the Employer or any member of the Employer’s “controlled group” (as defined in subsections 414(b) and (c) of the Code), such Eligible
Individual must perform services continuously from a date no later than the date the performance criteria are established, and must make his Performance-Based Bonus Deferral Election no later than six months (or such earlier date as determined by
the Administrator) prior to the end of the performance period, and at a time when the Performance-Based Bonus is not readily ascertainable, or he may not elect to make Performance-Based Bonus Deferrals for such initial Plan Year. In the case
of a Deferral Election in the first year of eligibility that is made after the beginning of the Performance-Based Bonus performance period, the Deferral Election will apply to the portion of the Performance-Based Bonus equal to the total
amount of the Performance-Based Bonus for the performance period multiplied by the ratio of the number of days remaining in the performance period after the effective date of the Deferral Election over the total number of days in the Performance
Period. If an Eligible Individual does not elect to make a Performance-Based Bonus Deferral during that initial 30-day period, he may not later elect to make a Performance-Based Bonus Deferral for that
performance period under this 

  
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subsection. Rules relating to the timing of elections to make a Performance-Based Bonus Deferral with respect to an Employee or Other Service Provider who becomes an Eligible Individual (due to
rehire or other similar event) after having previously been an Eligible Individual shall be applied in a manner similar to rules described applicable to rehired and other Re-Eligible Participants in subsection
4.1 above. 
 An election to make Performance-Based Bonus Deferrals under this subsection 4.2 shall remain in effect through the end of the
performance period to which the election applies (except as provided in subsection 4.5), and shall be irrevocable (provided, however, that a Participant making a Performance-Based Bonus Deferral Election under this subsection with respect to a
Performance-Based Bonus that is not yet readily ascertainable, may change his election at any time prior to the first day of the six-month period ending on the last day of the performance period for which the
Performance-Based Bonus Deferral Election is applicable, subject to rules established by the Administrator). If a Participant fails to make a Performance-Based Bonus Deferral Election for a given performance period, such Participant’s
Performance-Based Bonus Deferral Election for that performance period shall be deemed to be zero; provided, however, that if the Employer has elected in the Adoption Agreement that a Participant’s Performance-Based Deferral Election shall be
“evergreen”, then such Participant’s Performance-Based Bonus Deferral Election shall be deemed to be identical to the most recent applicable Performance-Based Bonus Deferral Election on file with the Administrator; provided, however,
that no In-Service Distribution shall be applicable to any amounts deferred in a year in which the Participant fails to make an affirmative election, and payment of such amounts for such year shall be made in
accordance with his most recent election on file with the Administrator (if no election is on file, then such amounts shall be paid to him in a single lump sum). 

Performance-Based Bonus Deferrals shall be credited to the Participant’s Compensation Deferral Account as soon as administratively
feasible after such amounts would have been payable to the Participant. 
  

	4.3	Matching Contributions 

 Matching Contributions shall be determined in accordance with
the formula specified in the Adoption Agreement, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Matching Contributions specified in the Adoption Agreement. Matching
Contributions under this Plan shall be credited to such Participants’ Employer Contribution Accounts as soon as administratively feasible after the Applicable Period selected in the Adoption Agreement, but only with respect to Participants
eligible to receive such Matching Contributions as described in the Adoption Agreement. 
  

	4.4	Other Employer Contributions 

 Employer Contributions other than Matching Contributions
shall be discretionary from year to year, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Employer Contributions, all as determined by the Employer and documented in
writing, and such writings will form part of the Plan, as specified in the Adoption Agreement. Employer Contributions under this Plan shall be credited to such Participants’ Employer Contributions Accounts as soon as administratively feasible.

  
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	4.5	No Election Changes During Plan Year 

 A Participant shall not be permitted to change or
revoke his Deferral Elections (except as otherwise described in subsections 4.1 and 4.2), except that, if a Participant’s status changes such that he becomes ineligible for the Plan, the Participant’s Deferrals under the Plan shall cease
as described in subsection 3.2. Notwithstanding the foregoing, in the event the Employer maintains a qualified plan designed to comply with the requirements of Code Section 401(k) that requires the cessation of all deferrals in the event of a
hardship withdrawal under such plan, the Participant’s Deferrals under this Plan shall cease as soon as administratively feasible upon notification to the Administrator that the participant has taken such a hardship withdrawal.
Notwithstanding the foregoing, if the Employer has elected in the Adoption Agreement to permit Unforeseeable Emergency Withdrawals pursuant to subsection 9.8, the Participant’s Deferrals under this Plan shall cease as soon as administratively
feasible upon approval by the Administrator of a Participant’s properly submitted request for an Unforeseeable Emergency Withdrawal under subsection 9.8. The cancellation and subsequent resumption of a Participant’s Deferrals under this
Plan following a hardship withdrawal or Unforeseeable Emergency Withdrawal pursuant to this Section 4.5 shall be done in accordance with Treasury Regulation Section 1.409A-3(j)(4)(viii). 

 

	4.6	Crediting of Deferrals 

 The amount of deferrals pursuant to subsections 4.1 and
4.2 shall be credited to the Participant’s Accounts as of a date determined to be administratively feasible by the Administrator. 
  

	4.7	Reduction of Deferrals or Contributions 

 Any Participant Deferrals or Employer
Contributions to be credited to a Participant’s Account under this Section may be reduced by an amount equal to the Federal or state, local or foreign income, payroll, or other taxes required to be withheld on such deferrals or contributions or
to satisfy any necessary contributions under an employee welfare benefit plan described under Section 125 of the Code. A Participant shall be entitled only to the net amount of such deferral or contribution (as adjusted from time to time
pursuant to the terms of the Plan). The Administrator may notify a Participant of limitations on his Deferral Election it as a result of any election, a Participant’s Compensation from the Employer would be insufficient to cover taxes,
withholding, and other required deductions applicable to the Participant. 

  
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 SECTION 5 NOTIONAL INVESTMENTS 

 

	5.1	Investment Funds 

 The Employer may designate, in its discretion, one or more Investment
Funds for the notional investment of Participants’ Accounts. The Employer, in its discretion, may from time to time establish new Investment Funds or eliminate existing Investment Funds. The Investment Funds are for recordkeeping purposes only
and do not allow Participants to direct any Employer assets (including, if applicable, the assets of any trust related to the Plan). Each Participant’s Accounts shall be adjusted pursuant to the Participant’s notional investment elections
made in accordance with this Section 5, except as otherwise determined by the Employer or Administrator in their sole discretion. 
  

	5.2	Investment Fund Elections 

 The Employer shall have full discretion in the direction of
notional investments of Participants’ Accounts under the Plan; provided, however, that if the Employer so elects in the Adoption Agreement, each Participant may elect from among the Investment Funds for the notional investment of such of his
Accounts as are permitted under the Adoption Agreement from time to time in accordance with procedures established by the Employer. The Administrator, in its discretion, may adopt (and may modify from time to time) such rules and procedures as it
deems necessary or appropriate to implement the notional investment of the Participant’s Accounts. Such procedures may differ among Participants or classes of Participants, as determined by the Employer or the Administrator in its discretion.
The Employer or Administrator may limit, delay or restrict the notional investment of certain Participants’ Accounts, or restrict allocation or reallocation into specified notional investment options, in accordance with rules established in
order to comply with Employer policy and applicable law, to minimize regulated filings and disclosures, or under any other circumstances in the discretion of the Employer. Any deferred amounts subject to a Participant’s investment election that
must be so limited, delayed or restricted under such circumstances may be notionally invested in an Investment Fund designated by the Administrator, or may be credited with earnings at a rate determined by the Administrator, which rate may be zero.
A Participant’s notional investment election shall remain in effect until later changed in accordance with the rules of the Administrator. If a Participant does not make a notional investment election, all deferrals by the Participant and
contributions on his behalf will be deemed to be notionally invested in the Investment Fund designated by the Employer for such purpose, or, at the Employer’s election, may remain uninvested until such time as the Administrator receives proper
direction, or may be credited with earnings at a rate determined by the Administrator or Employer, which rate may be zero. 
  

	5.3	Investment Fund Transfers 

 A Participant may elect that all or a part of his notional
interest in an Investment Fund shall be transferred to one or more of the other Investment Funds. A Participant may make such notional Investment Fund transfers in accordance with rules established from time to time by the Employer or the
Administrator, and in accordance with subsection 5.2. 

  
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 SECTION 6 ACCOUNTING 

 

	6.1	Individual Accounts 

 Bookkeeping Accounts shall be maintained under the Plan in the name
of each Participant, as applicable, along with any subaccounts under such Accounts deemed necessary or advisable from time to time, including a subaccount for each Plan Year that a Participant’s Deferral Election is in effect. Each such
subaccount shall reflect (i) the amount of the Participant’s Deferral during that year, any Matching Contributions or Employer Contributions credited during that year, and the notional gains, losses, expenses, appreciation and depreciation
attributable thereto. 
 Rules and procedures may be established relating to the maintenance, adjustment, and liquidation of
Participants’ Accounts, the crediting of deferrals and contributions and the notional gains, losses, expenses, appreciation, and depreciation attributable thereto, as are considered necessary or advisable. 

 

	6.2	Adjustment of Accounts 

 Pursuant to rules established by the Employer,
Participants’ Accounts will be adjusted on each Valuation Date, except as provided in Section 9, to reflect the notional value of the various Investment Funds as of such date, including adjustments to reflect any deferrals and
contributions, notional transfers between Investment Funds, and notional gains, losses, expenses, appreciation, or depreciation with respect to such Accounts since the previous Valuation Date. The “value” of an Investment Fund at any
Valuation Date may be based on the fair market value of the Investment Fund, as determined by the Administrator in its sole discretion. 
  

	6.3	Accounting Methods 

 The accounting methods or formulae to be used under the Plan for
purposes of monitoring Participants’ Accounts, including the calculation and crediting of notional gains, losses, expenses, appreciation, or depreciation, shall be determined by the Administrator in its sole discretion. The accounting methods
or formulae selected by the Administrator may be revised from time to time. 
  

	6.4	Statement of Account 

 At such times and in such manner as determined by the
Administrator, but at least annually, each Participant will be furnished with a statement reflecting the condition of his Accounts. 

  
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 SECTION 7 VESTING 

A Participant shall be fully vested at all times in his Compensation Deferral Account (if applicable). A Participant shall be vested in his
Matching Contributions and/or Employer Contributions (if applicable), in accordance with the vesting schedule elected by the Employer under the Adoption Agreement. Vesting Years of Service shall be determined in accordance with the election made by
the Employer in the Adoption Agreement. Amounts in a Participant’s Accounts that are not vested upon the Participant’s Termination Date (“forfeitures”) may be used to reinstate amounts previously forfeited by other Participants
who are subsequently rehired, or may be returned to the Employer, in the discretion of the Employer or the Administrator. 
 If a
Participant has a Termination Date with the Employer as a result of the Participant’s Misconduct (as defined by the Employer in the Adoption Agreement), or if the Participant engages in Competition with the Employer (as defined by the Employer
in the Adoption Agreement), and the Employer has so elected in the Adoption Agreement, the Participant shall forfeit all amounts allocated to his or her Matching Contribution Account and/or Employer Contribution Accounts (if applicable). Such
forfeitures shall be returned to the Employer. 
 Neither the Administrator nor the Employer in any way guarantee the Participant’s
Account balance from loss or depreciation. Notwithstanding any provision of the Plan to the contrary, the Participant’s Account balance is subject to Section 8. 

Vesting Years of Service in the event of the rehire of a Participant shall be reinstated, and amounts previously forfeited by such
Participants may be reinstated from forfeitures made by other Participants, or may be reinstated by the Employer. 

  
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 SECTION 8 FUNDING 

No Participant or other person shall acquire by reason of the Plan any right in or title to any assets, funds, or property of the Employer
whatsoever, including, without limiting the generality of the foregoing, any specific funds, assets, or other property of the Employer. Benefits under the Plan are unfunded and unsecured. A Participant shall have only an unfunded, unsecured right to
the amounts, if any, payable hereunder to that Participant. The Employer’s obligations under this Plan are not secured or funded in any manner, even if the Employer elects to establish a trust with respect to the Plan. Even though benefits
provided under the Plan are not funded, the Employer may establish a trust to assist in the payment of benefits. All investments under this Plan are notional and do not obligate the Employer (or its delegates) to invest the assets of the Employer or
of any such trust in a similar manner. 

  
 -19- 

 SECTION 9 DISTRIBUTION OF ACCOUNTS 

 

	9.1	Distribution of Accounts 

 With respect to any Participant who has a Termination Date, an
amount equal to the Participant’s vested Account balances shall be distributed to the Participant (or, in the case of the Participant’s death, to the Participant’s Beneficiary), in the form of a single lump sum payment, or, if
subsection 9.2 applies, in the form of installment payments as designated by the Employer in the Adoption Agreement and as elected by the Participant in the Deferral Election for the Plan Year to which such amounts relate. Subject to subsection 9.3
hereof, distribution of a Participant’s Accounts shall be made or begin within the 90-day period following the Participant’s Termination Date, or if elected by the Participant in the Deferral
Election for the Plan Year to which any such amounts relate, up to 5 years following the Participant’s Termination Date (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events
beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). Notwithstanding any provision of the Plan to the contrary, for purposes of this subsection, a
Participant’s Accounts shall be valued as of a Valuation Date as soon as administratively feasible preceding the date such distribution is made, in accordance with rules established by the Administrator. A Participant’s Accounts may be
offset by any amounts owed by the Participant to the Employer, but such offset shall not occur in excess of or prior to the date distribution of the amount would otherwise be made to the Participant, and shall only be made if such offset complies
with Code Section 409A. 
 Notwithstanding the foregoing, to the extent designated by the Employer in the Adoption Agreement, a Participant
may elect, in accordance with this subsection, a distribution date for his Compensation Deferral Accounts and/or his Employer Contributions and Matching Contributions Accounts that is prior to his Termination Date (an
“In-Service Distribution”). A Participant’s election of an In-Service Distribution date must: (i) be made at the time of his Deferral Election for a
Plan Year; and (ii) apply only to amounts deferred pursuant to that election, and any earnings, gains, losses, appreciation, and depreciation credited thereto or debited therefrom with respect to such amounts. To the extent permitted by the
Employer, a Participant may elect an In-Service Distribution date with respect to Performance-Based Bonus Deferrals that is separate from an In-Service Distribution date
with respect to Compensation Deferrals other than Performance-Based Bonus Deferrals for the same year, provided that the applicable In-Service Distribution date may not be earlier than the number of years
designated by the Employer in the Adoption Agreement following the year in which the applicable Compensation would have been paid absent the deferral, or as further determined or limited in accordance with rules established by the Administrator.
Payments made pursuant to an In-Service Distribution election shall be made in a lump sum (or, if elected by the Employer in the Adoption Agreement, any applicable other form of payment to the extent permitted
by the Employer and elected by the Participant in accordance with the terms of the Plan). Each such payment shall be made as soon as administratively feasible following January 1 of the calendar year in which the payment was elected to be made, but
in no event later than the end of the calendar year in which the payment was elected to be made (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events beyond the control of the
Participant, the payment will be made as soon as administratively practicable 

  
 -20- 

 
for the Administrator to make such payment). For purposes of such payment, the value of the Participant’s Accounts for the applicable Plan Year shall be determined as of a Valuation Date
preceding the date that such distribution is made, in accordance with rules established by the Administrator. In the event a Participant’s Termination Date occurs (or, if elected by the Employer in the Adoption Agreement, in the event a Change
in Control of the Employer occurs) prior to the date the Participant had previously elected to have any In-Service Distribution payment (including any installment payment) made to him, such amount shall be
paid to the Participant under the rules applicable for payment on Termination of Employment in accordance with this subsection 9.1 and subsection 9.2. Participants must make an affirmative election with respect to payment of their In-Service Distributions, and no default or evergreen election shall be allowed with respect to In-Service Distributions. 

To the extent elected by the Employer in the Adoption Agreement, Participants whose Termination Date has not yet occurred may elect to defer
payment of any In-Service Distribution, provided that such election is made in accordance with procedures established by the Administrator, and further provided that any such election must be made no later
than 12 calendar months prior to the previously elected In-Service Distribution Date (which for these purposes shall be January 1 of the calendar year in which the payment was elected to be made).
Participants may elect any deferred payment date, but such date must be no fewer than five years from the previously elected In-Service Distribution Date (which for these purposes shall be January 1 of
the calendar year in which the payment was elected to be made). 
  

	9.2	Installment Distributions 

 To the extent elected by the Employer in the Adoption
Agreement, a Participant may elect to receive payments from his Accounts in the form of a single lump sum, as described in Section 9.1, or in annual installments over a period elected by the Employer in the Adoption Agreement. To the extent a
Participant fails to make an election, the Participant shall be deemed to have elected to receive his distribution of amounts deferred under the Plan for that Plan Year in the form of a single lump sum. To the extent elected by the Employer in the
Adoption Agreement, a Participant may make a separate election with respect to his Performance-Based Bonus Deferrals for each Plan Year (as adjusted for gains and losses thereon) that provides for a different method of distribution from the method
of distribution he elects with respect to his Compensation Deferrals (as adjusted for gains and losses thereon) for that Plan Year. The Participant’s Employer Contributions Account attributable to such year, if any (as adjusted for gains and
losses thereon), shall be distributed in the same manner as his Compensation Deferral Account for such year (or in a lump sum upon his Termination Date if no election has been made). 

 

	 	(a)	Installment Elections. A Participant will be required to make his distribution election for amounts deferred under the Plan with respect to such Plan Year prior to the commencement of each Plan Year (or, in the
event of an election with respect to Performance-Based Bonuses, prior to six months before the end of the applicable performance period), or such earlier date as determined by the Administrator. 

  
 -21- 

	 	(b)	Installment Payments. The first installment payment shall generally be within the 90-day period following the Participant’s Termination Date (provided, however, that if calculation of the amount of
the payment is not administratively practicable due to events beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). Succeeding payments shall generally be
made by January 1 of each succeeding calendar year, but in no event later than the end of each succeeding calendar year (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events
beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). The amount to be distributed in each installment payment shall be determined by dividing the value
of the Participant’s Accounts being paid in installments as of a Valuation Date preceding the date of each distribution by the number of installment payments remaining to be made, in accordance with rules established by the Administrator. In
the event of the death of the Participant prior to the full payment of his Accounts being paid in installments, payments will continue to be made to his Beneficiary in the same manner and at the same time as would have been payable to the
Participant. 

 To the extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in
installments may make a subsequent election to elect payment of that amount in the form of a lump sum, if payment of installments with respect to that year’s deferrals has not yet commenced. Such election must be made in accordance with
procedures established by the Administrator, and any such election must be made no later than 12 calendar months prior to the originally elected payment date of the first installment. The new payment date for the installment with respect to which
such election is made must be deferred to the later of: (i) five years from the date such payment would otherwise have been made, or (ii) the last payment date of the last installment with respect to that Plan Year’s deferrals. To the
extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in installments may make a subsequent election to change the number of such installment payments so long as no acceleration of distribution payments
occurs (but no fewer than the minimum number, and not to exceed the maximum number of installments elected by the Employer in the Adoption Agreement), if payment of installments with respect to that Plan Year’s Deferral Elections has not yet
commenced. Such election must be made in accordance with procedures established by the Administrator, and any such election must be made no later than 12 calendar months prior to the originally elected payment date of the first installment. The new
payment date for all installments subject to the Plan Year’s Deferral Elections for which the election is made must be deferred for a period of not less than five years from the date such payment would otherwise have been made. In the event
payment has been elected by the Participant in the form of a lump sum (or in the event payment shall be made to the Participant in the form of a lump sum under the terms of the Plan in the absence of or in lieu of the Participant’s election),
then the lump sum form shall be deemed to be a separately identifiable form of payment, and the Participant may make a subsequent deferral election to elect payment of that amount in the form of installments (to the extent elected by the Employer in
the Adoption Agreement) in accordance with the procedures described above for changing installment payment elections. Participants will be permitted to make such a change only once with respect to any year’s Deferral Elections. 

  
 -22- 

	9.3	Key Employees 

 Notwithstanding anything herein to the contrary, and subject to Code
Section 409A, except in the case of the Participant’s death, payment under the Plan shall not be made or commence as a result of the Participant’s Termination Date to any Participant who is a key employee (defined below) before the date
that is not less than six months after the Participant’s Termination Date. For this purpose, a key employee includes a “specified employee” (as defined in Treasury Regulation Section
1.409A-1(i)) during the entire 12-month period determined by the Administrator ending with the annual date upon which key employees are identified by the Administrator,
and also including any Employee identified by the Administrator in good faith with respect to any distribution as belonging to the group of identified key employees, to a maximum of 200 such key employees, regardless of whether such Employee is
subsequently determined by the Employer, any governmental agency, or a court not to be a key employee. In the event amounts are payable to a key employee in installments in accordance with subsection 9.2, the first installment shall be delayed by
six months, with all other installment payments payable as originally scheduled. To the extent not otherwise designated by the Employer in a separate document forming a part of the Plan applicable to all its nonqualified deferred compensation plans,
the identification date for determining the Employer’s key employees is each December 31 (and the new key employee list is updated and effective each subsequent April 1). To the extent not otherwise designated by the Employer in a separate
document forming a part of the Plan, the definition of compensation used to determine key employee status shall be determined under Treasury Regulation Section 1.415(c)-2(a). This subsection 9.3 is applicable
only with respect to Employers whose stock is publicly traded on an “established securities market” (as defined in Treasury Regulation Section 1.409A-1(k)), and is not applicable to privately held
Employers unless and until such Employers become publicly traded as defined in the Treasury regulations. 
  

	9.4	Mandatory Cash-Outs of Small Amounts 

 If the value of a Participant’s total
Accounts at his Termination Date (or his death or other applicable distribution date), or at any time thereafter, together with the value of the Participant’s accounts under any other account balance plan maintained by the Employer or any
member of the Employer’s controlled group (as defined in subsections 414(b) and (c) of the Code) is equal to or less than such amount as stated in the Adoption Agreement (which amount shall not exceed the limit described in Section 402(g)
of the Code from time to time), the Accounts will be paid to the Participant (or, in the event of his death, his Beneficiary) in a single lump sum, notwithstanding any election by the Participant otherwise. Payments made under this subsection 9.4 on
account of the Participant’s Termination Date shall be made within the 90-day period following the Participant’s Termination Date (provided, however, that if calculation of the amount of the payment
is not administratively practicable due to events beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). 

 

	9.5	Designation of Beneficiary 

 Each Participant from time to time may designate any
individual, trust, charity or other person or persons to whom the value of the Participant’s Accounts (plus any applicable Survivor 

  
 -23- 

 
Benefit, if elected by the Employer in the Adoption Agreement) will be paid in the event the Participant dies before receiving the value of all of his Accounts. A Beneficiary designation must be
made in the manner required by the Administrator for this purpose. Primary and secondary Beneficiaries are permitted. A married participant designating a Beneficiary other than his Spouse must obtain the consent of his Spouse to such designation (in
accordance with rules determined by the Administrator). Payments to the Participant’s Beneficiary(ies) shall be made in accordance with subsection 9.1, 9.2 or 9.4, as applicable, after the Administrator has received proper notification of the
Participant’s death. 
 A Beneficiary designation will be effective only when the Beneficiary designation is filed with the
Administrator while the Participant is alive, and a subsequent Beneficiary designation will cancel all of the Participant’s Beneficiary designations previously filed with the Administrator. Any designation or revocation of a Beneficiary
shall be effective as only if it is received by the Administrator. Once received, such designation shall be effective as of the date the designation was executed, but without prejudice to the Administrator on account of any payment made before the
change is recorded by the Administrator. If a Beneficiary dies before payment of the Participant’s Accounts have been made, the Participant’s Accounts shall be distributed in accordance with the Participant’s Beneficiary designation
and pursuant to rules established by the Administrator. If a deceased Participant failed to designate a Beneficiary, or if the designated Beneficiary predeceases the Participant, the value of the Participant’s Accounts shall be payable to the
Participant’s Spouse or, if there is none, to the Participant’s estate, or in accordance with such other equitable procedures as determined by the Administrator. 
  

	9.6	Reemployment 

 If a former Participant is rehired by an Employer, or any affiliate or
subsidiary of the Employer described in Section 414(b) and (c) of the Code and Treasury Regulation Section 1.409A-1(h), regardless of whether he is rehired as an Eligible Individual (with respect to an
Employee Participant), or a former Participant returns to service as a Board member, any payments being made to such Participant hereunder by virtue of his previous Termination Date shall continue to be made to him without regard to such rehire. If
a former Participant is rehired by the Employer (with respect to an Employee Participant) or returns to service as a Board member, and in either case any payments to be made to the Participant by virtue of his previous Termination Date have not been
made or commenced, any payments being made to such Participant hereunder by virtue of his previous Termination Date shall continue to be made to him without regard to such rehire or return to service. See subsections 4.1 and 4.2 of the Plan for
special rules applicable to deferral elections for rehired or Re-Eligible Participants. Effective January 1, 2017, Board Members shall not be Eligible Individuals and are not permitted to defer additional
Compensation under the Plan. Any balance credited to a Board Member’s Account as of December 31, 2016 shall nevertheless continue to be adjusted for notional investment gains and losses under the terms of the Plan and shall be distributed
to him at the time and manner set forth in Section 9. 
  

	9.7	Special Distribution Rules 

 Except as otherwise provided herein and in Section 12,
Account balances of Participants in this Plan shall not be distributed earlier than the applicable date or dates described in this 

  
 -24- 

 
Section 9. Notwithstanding the foregoing, in the case of payments: (i) the deduction for which would be limited or eliminated by the application of Section 162(m) of the Code;
(ii) that would violate securities or other applicable laws; or (iii) that would jeopardize the ability of the Employer to continue as a going concern in accordance with Code Section 409A and the regulations thereunder, deferral of such
payments on a reasonably consistent basis for similarly situated Participants may be made by the Employer at the Employer’s discretion. In the case of a payment described in (i) above, the payment must be deferred either to a date in the
first year in which the Employer or Administrator reasonably anticipates that a payment of such amount would not result in a limitation of a deduction with respect to the payment of such amount under Section 162(m), or the year in which the
Participant’s Termination Date occurs. In the case of a payment described in (ii) or (iii) above, payment will be made at the earliest date in the first taxable year of the Employer in which the Employer or Administrator reasonably
anticipates that the payment would not jeopardize the ability of the Employer to continue as a going concern in accordance with Code Section 409A and the regulations thereunder, or the payment would not result in a violation of securities or other
applicable laws. Payments intended to pay employment taxes or payments made as a result of income inclusion of an amount in a Participant’s Accounts as a result of a failure to satisfy Section 409A of the Code shall be permitted at the Employer
or Administrator’s discretion at any time and to the extent provided in Treasury Regulations under Section 409A of the Code and IRS Notice 2005-1, Q&A-15, and
any applicable subsequent guidance. “Employment taxes” shall include Federal Insurance Contributions Act (FICA) tax imposed under Sections 3101, 3121(a) and 3121(v)(2) of the Code on compensation deferred under the Plan (the “FICA
Amount”), the income tax imposed under Section 3401 of the Code or corresponding provisions of applicable state, local or foreign tax laws on the FICA Amount, and to pay the additional income tax under Section 3401 of the Code or
corresponding provisions of applicable state, local or foreign tax laws attributable to the pyramiding Section 3401 wages and taxes. A distribution may be accelerated as may be necessary to comply with certain conflict of interest rules in
accordance with Treasury Regulation Section I .40j9A-3(j)(4)(iii). With respect to a subchapter S corporation, a distribution may be accelerated to avoid a nonallocation year under Code Section 409(p) in the
discretion of the Employer or Administrator, provided that the amount distributed does not exceed 125 percent of the minimum amount of distribution necessary to avoid the occurrence of a nonallocation year, in accordance with Treasury
Regulation Section 1.409A-3(j)(4)(x). 
  

	9.8	Distribution on Account of Unforeseeable Emergency 

 If elected by the Employer in the
Adoption Agreement, if a Participant or Beneficiary incurs a severe financial hardship of the type described below, he may request an Unforeseeable Emergency Withdrawal, provided that the withdrawal is necessary in light of severe financial needs of
the Participant. To the extent elected by the Employer in the Adoption Agreement, the ability to apply for an Unforeseeable Emergency Withdrawal may be restricted to Participants whose Termination Date has not yet occurred. Such a withdrawal shall
not exceed the amount required (including anticipated taxes on the withdrawal) to meet the severe financial need and not reasonably available from other resources of the Participant (including reimbursement or compensation by insurance, cessation of
deferrals under this Plan for the remainder of the Plan Year, and liquidation of the Participant’s assets, to the extent liquidation itself would not cause severe financial hardship; provided, however, that the Participant is not required to
take into account for these purposes any available distribution or loan from a qualified plan or another 

  
 -25- 

 
nonqualified deferred compensation plan). Each such withdrawal election shall be made at such time and in such manner as the Administrator shall determine, and shall be effective in accordance
with such rules as the Administrator shall establish and publish from time to time. Severe financial needs are limited to amounts necessary for: 
  

	 	(a)	A sudden unexpected illness or accident incurred by the Participant, his Spouse, Beneficiary under the Plan, or dependents (as defined in Code Section 152(a)). 

 

	 	(b)	Uninsured casualty loss pertaining to property owned by the Participant. 

  

	 	(c)	Other similar extraordinary and unforeseeable circumstances involving an uninsured loss arising from an event outside the control of the Participant. 

Withdrawals of amounts under this subsection shall be paid to the Participant in a lump sum as soon as administratively feasible following receipt of the
appropriate forms and information required by and acceptable to the Administrator. 
  

	9.9	Distribution Upon Change in Control 

 In the event of the occurrence of a Change in
Control of the Employer or a member of the Employer’s controlled group (as designated by the Employer in the Adoption Agreement) to the extent permitted under Section 409A of the Code and the regulations and other guidance thereunder,
distributions shall be made to Participants to the extent elected by the Employer in the Adoption Agreement, in the form elected by the Participants as if a Termination Date had occurred with respect to each Participant, or as otherwise specified by
the Employer in the Adoption Agreement. The Change in Control shall relate to: (i) the corporation for whom the Participant is performing services at the time of the Change in Control event; (ii) the corporation that is liable for the
payment from the Plan to the Participant (or all corporations so liable if more than one corporation is liable); (iii) a corporation that is a majority shareholder of a corporation described in (i) or (ii) above; or (iv) any corporation in
a chain of corporations in which each such corporation is a majority shareholder of another corporation in the chain, ending in a corporation described in (i) or (ii) above, as elected by the Employer in the Adoption Agreement. A “majority
shareholder” for these purposes is a shareholder owning more than 50% of the total fair market value and total voting power of such corporation. Attribution rules described in section 318(a) of the Code apply to determine stock ownership. Stock
underlying a vested option is considered owned by the individual who holds the vested option. Notwithstanding the foregoing, if a vested option is exercisable for stock that is not substantially vested (as defined in section 1.83-3(b) and (j) of the Code), the stock underlying the option is not treated as owned by the individual who holds the option. If plan payments are made on account of a Change in Control and are calculated by
reference to the value of the Employer’s stock, such payments shall be completed not later than 5 years after the Change in Control event. To the extent designated by the Employer in the Adoption Agreement, the Change in Control shall occur
upon the date that: (v) a person or “Group” (as defined in Treasury Regulation Sections 1.409A3(i)(5)(v)(B) and (vi)(D)) acquires more than 50% of the total fair market value or voting power of stock of the corporation designated in
(i) through (iv) above; (vi) a person or Group acquires ownership (“effective control”) of stock of the corporation with at least 30% of the total voting power of the corporation designated in (i) through (iv) above and as
further limited by Treasury 

  
 -26- 

 
Regulation Section 1.409A-3(i)(5)(vi)); (vii) a majority of the board of directors of any corporation designated in (i) through (iv) above in which no
other corporation is a majority shareholder is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the board as constituted prior to the appointment
or election; or (viii) a person or Group acquires assets from the corporation designated in (i) through (iv) above having a total fair market value of at least 40% of the value of all assets of the corporation immediately prior to such
acquisition; as designated by the Employer in the Adoption Agreement. For purposes of (vi) above, if any one person, or more than one person acting as a Group, is considered to own more than 50 percent of the total fair market value or
total voting power of the stock of a corporation, the acquisition of additional stock by the same person or persons is not considered to cause a change in the ownership of the corporation (or to cause a change in the effective control of the
corporation under (vi) above). An increase in the percentage of stock owned by any one person, or persons acting as a Group, as a result of a transaction in which the corporation acquires its stock in exchange for property will be treated as an
acquisition of stock for purposes of this subsection. For purposes of (v) through (viii) above, a Change in Control shall be further limited in accordance with Treasury Regulation Sections
1.409A-3(i)(5)(v), (vi) and (vii). Distributions under this subsection shall be made as soon as administratively feasible following such Change in Control. 

 

	9.10	Supplemental Survivor Death Benefit 

 A supplemental survivor death benefit shall be paid
to the Beneficiary of an eligible Participant who has satisfied the following criteria prior to his death: 
  

	 	(a)	The Participant is eligible to participate in the Plan and, at the time of his death, had a current Account balance (regardless of whether or not the Participant actually was making Compensation Deferrals at the time of
his death); 

  

	 	(b)	The Participant was an active Employee with the Employer at the time of his death; 

  

	 	(c)	The Participant completed and submitted an insurance application to the Administrator; and 

  

	 	(d)	The Employer subsequently purchased an insurance policy on the life of the Participant, with a death benefit payable, which policy is in effect at the time of the Participant’s death. 

Notwithstanding any provision of this Plan or any other document to the contrary, the supplemental survivor death benefit payable pursuant to this Subsection
9.10 shall be paid only if an insurance policy has been issued on the Participant’s life and such policy is in force at the time of the Participant’s death and the Employer shall have no obligation with respect to the payment of the
supplemental survivor death benefit, or to maintain an insurance policy for any Participants. 

  
 -27- 

 SECTION 10 GENERAL PROVISIONS 

 

	10.1	Interests Not Transferable 

 The interests of persons entitled to benefits under the Plan
are not subject to their debts or other obligations and, except as may be required by the tax withholding provisions of the Code or any state’s income tax act, may not be voluntarily or involuntarily sold, transferred, alienated, assigned, or
encumbered; provided, however, that a Participant’s interest in the Plan may be transferable pursuant to a qualified domestic relations order, as defined in Section 414(p) of the Code to the extent designated by the Employer in the Adoption
Agreement. 
  

	10.2	Employment Rights 

 The Plan does not constitute a contract of employment, and
participation in the Plan shall not give any Employee the right to be retained in the employ of an Employer, nor any right or claim to any benefit under the Plan, unless such right or claim has specifically accrued under the terms of the Plan. The
Employer expressly reserves the right to discharge any Employee at any time. 
  

	10.3	Litigation by Participants or Other Persons 

 If a legal action begun against the
Administrator (or any member or former member thereof), an Employer, or any person or persons to whom an Employer or the Administrator has delegated all or part of its duties hereunder, by or on behalf of any person results adversely to that person,
or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the cost to the Administrator (or any member or former member thereof), the Employer or any person or persons to whom the Employer or
the Administrator has delegated all or part of its duties hereunder of defending the action may be charged to the extent permitted by law to the sums, if any, which were involved in the action or were payable to the Participant or other person
concerned. 
  

	10.4	Indemnification 

 To the extent permitted by law, the Employer shall indemnify each
member of the Administrator committee, and any other employee or member of the Board with duties under the Plan, against losses and expenses (including any amount paid in settlement) reasonably incurred by such person in connection with any claims
against such person by reason of such person’s conduct in the performance of duties under the Plan, except in relation to matters as to which such person has acted fraudulently or in bad faith in the performance of duties. Notwithstanding the
foregoing, the Employer shall not indemnify any person for any expense incurred through any settlement or compromise of any action unless the Employer consents in writing to the settlement or compromise. 

 

	10.5	Evidence 

 Evidence required of anyone under the Plan may be by certificate, affidavit,
document, or other information which the person acting on it considers pertinent and reliable, and signed, made, or presented by the proper party or parties. 

  
 -28- 

	10.6	Waiver of Notice 

 Any notice required under the Plan may be waived by the person
entitled to such notice. 
  

	10.7	Controlling Law 

 Except to the extent superseded by laws of the United States, the laws
of the state indicated by the Employer in the Adoption Agreement shall be controlling in all matters relating to the Plan. 
  

	10.8	Statutory References 

 Any reference in the Plan to a Code section or a section of ERISA,
or to a section of any other Federal law, shall include any comparable section or sections of any future legislation that amends, supplements, or supersedes that section. 
  

	10.9	Severability 

 In case any provision of the Plan shall be held illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if such illegal and invalid provision had never been set forth in the Plan. 

 

	10.10	Action By the Employer or the Administrator 

 Any action required or permitted to be
taken by the Employer under the Plan shall be by resolution of its Board of Directors (which term shall include any similar governing body for any Employer that is not a corporation), by resolution or other action of a duly authorized committee of
its Board of Directors, or by action of a person or persons authorized by resolution of its Board of Directors or such committee. Any action required or permitted to be taken by the Administrator under the Plan shall be by resolution or other
action of the Administrator or by a person or persons duly authorized by the Administrator. 
  

	10.11	Headings and Captions 

 The headings and captions contained in this Plan are inserted
only as a matter of convenience and for reference, and in no way define, limit, enlarge, or describe the scope or intent of the Plan, nor in any way shall affect the construction of any provision of the Plan. 

 

	10.12	Gender and Number 

 Where the context permits, words in the masculine gender shall
include the feminine and neuter genders, the singular shall include the plural, and the plural shall include the singular. 

  
 -29- 

	10.13	Examination of Documents 

 Copies of the Plan and any amendments thereto are on file at
the office of the Employer where they may be examined by any Participant or other person entitled to benefits under the Plan during normal business hours. 
  

	10.14	Elections 

 Each election or request required or permitted to be made by a Participant
(or a Participant’s Spouse or Beneficiary) shall be made in accordance with the rules and procedures established by the Employer or Administrator and shall be effective as determined by the Administrator. The Administrator’s rules and
procedures may address, among other things, the method and timing of any elections or requests required or permitted to be made by a Participant (or a Participant’s Spouse or Beneficiary). All elections under the Plan shall comply with the
requirements of the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended (“USERRA”). 
  

	10.15	Manner of Delivery 

 Each notice or statement provided to a Participant shall be
delivered in any manner established by the Administrator and in accordance with applicable law, including, but not limited to, electronic delivery. 
  

	10.16	Facility of Payment 

 When a person entitled to benefits under the Plan is a minor, under
legal disability, or is in any way incapacitated so as to be unable to manage his financial affairs, the Administrator may cause the benefits to be paid to such person’s guardian or legal representative. If no guardian or legal representative
has been appointed, or if the Administrator so determines in its sole discretion, payment may be made to any person as custodian for such individual under any applicable state law, or to the legal representative of such person for such person’s
benefit, or the Administrator may direct the application of such benefits for the benefit of such person. Any payment made in accordance with the preceding sentence shall be a full and complete discharge of any liability for such payment under the
Plan. 
  

	10.17	Missing Persons 

 The Employer and the Administrator shall not be required to search for
or locate a Participant, Spouse, or Beneficiary. Each Participant, Spouse, and Beneficiary must file with the Administrator, from time to time, in writing the Participant’s, Spouse’s, or Beneficiary’s post office address and each
change of post office address. Any communication, statement, or notice addressed to a Participant, Spouse, or Beneficiary at the last post office address filed with the Administrator, or if no address is filed with the Administrator, then in the
case of a Participant, at the Participant’s last post office address as shown on the Employer’s records, shall be considered a notification for purposes of the Plan and shall be binding on the Participant and the Participant’s Spouse
and Beneficiary for all purposes of the Plan. 

  
 -30- 

 If the Administrator is unable to locate the Participant, Spouse, or Beneficiary to whom a
Participant’s Accounts are payable, the Participant’s Accounts shall be frozen as of the date on which distribution would have been completed under the terms of the Plan, and no further notional investment returns shall be credited
thereto. 
 If a Participant whose Accounts were frozen (or his Beneficiary) files a claim for distribution of the Accounts within 7 years
after the date the Accounts are frozen, and if the Administrator or Employer determines that such claim is valid, then the frozen balance that has become payable shall be paid by the Employer to the Participant or Beneficiary in a lump sum cash
payment as soon as practicable thereafter. If the Administrator notifies a Participant, Spouse, or Beneficiary of the provisions of this Subsection, and the Participant, Spouse, or Beneficiary fails to claim the Participant’s, Spouse’s, or
Beneficiary’s benefits or make such person’s whereabouts known to the Administrator within 7 years after the date the Accounts are frozen, the benefits of the Participant, Spouse, or Beneficiary may be disposed of, to the extent permitted
by applicable law, by one or more of the following methods: 
  

	 	(a)	By retaining such benefits in the Plan. 

  

	 	(b)	By paying such benefits to a court of competent jurisdiction for judicial determination of the right thereto. 

  

	 	(c)	By forfeiting such benefits in accordance with procedures established by the Administrator. If a Participant, Spouse, or Beneficiary is subsequently located, such benefits may be restored (without adjustment) to the
Participant, Spouse, or Beneficiary under the Plan. 

  

	 	(d)	By any equitable manner permitted by law under rules adopted by the Administrator. 

  

	10.18	Recovery of Benefits 

 In the event a Participant, Spouse, or Beneficiary receives a
benefit payment from the Plan that is in excess of the benefit payment that should have been made to such Participant, Spouse, or Beneficiary, or in the event a person other than a Participant, Spouse, or Beneficiary receives an erroneous payment
from the Plan, the Administrator or Employer shall have the right, on behalf of the Plan, to recover the amount of the excess or erroneous payment from the recipient. To the extent permitted under applicable law, the Administrator or Employer may,
at its option, deduct the amount of such excess or erroneous payment from any future benefits payable to the applicable Participant, Spouse, or Beneficiary. 
  

	10.19	Effect on Other Benefits 

 Except as otherwise specifically provided under the terms of
any other employee benefit plan of the Employer, a Participant’s participation in this Plan shall not affect the benefits provided under such other employee benefit plan. 

  
 -31- 

	10.20	Tax and Legal Effects 

 The Employer, the Administrator, and their representatives and
delegates do not in any way guarantee the tax treatment of benefits for any Participant, Spouse, or Beneficiary, and the Employer, the Administrator, and their representatives and delegates do not in any way guarantee or assume any responsibility or
liability for the legal, tax, or other implications or effects of the Plan. In the event of any legal, tax, or other change that may affect the Plan, the Employer may, in its sole discretion, take any actions it deems necessary or desirable as a
result of such change. 

  
 -32- 

 SECTION 11 THE ADMINISTRATOR 

 

	11.1	Information Required by Administrator 

 Each person entitled to benefits under the Plan
must file with the Administrator from time to time in writing such person’s mailing address and each change of mailing address. Any communication, statement, or notice addressed to any person at the last address filed with the Administrator
will be binding upon such person for all purposes of the Plan. Each person entitled to benefits under the Plan also shall furnish the Administrator with such documents, evidence, data, or information as the Administrator considers necessary or
desirable for the purposes of administering the Plan. The Employer shall furnish the Administrator with such data and information as the Administrator may deem necessary or desirable in order to administer the Plan. The records of the Employer as to
an Employee’s or Participant’s period of employment or membership on the Board, termination of employment or membership and the reason therefor, leave of absence, reemployment, and Compensation will be conclusive on all persons unless
determined to the Administrator’s or Employer’s satisfaction to be incorrect. 
  

	11.2	Uniform Application of Rules 

 The Administrator shall administer the Plan on a
reasonable basis. Any rules, procedures, or regulations established by the Administrator shall be applied uniformly to all persons similarly situated. 
  

	11.3	Review of Benefit Determinations 

 Benefits will be paid to Participants and their
beneficiaries without the necessity of formal claims. Participants or their beneficiaries, however, may make a written request to the Administrator for any Plan benefits to which they may be entitled. Participants’ written request for Plan
benefits will be considered a claim for Plan benefits, and will be subject to a full and fair review. If the claim is wholly or partially denied, the Administrator will furnish the claimant with a written notice of this denial. This written notice
will be provided to the claimant within 90 days after the receipt of the claim by the Administrator. If notice of the denial of a claim is not furnished to the claimant in accordance with the above within 90 days, the claim will be deemed denied.
The claimant will then be permitted to proceed to the review stage described in the following paragraphs. 
 Upon the denial of the claim
for benefits, the claimant may file a claim for review, in writing, with the Administrator. The claim for review must be filed no later than 60 days after the claimant has received written notification of the denial of the claim for benefits
or, if no written denial of the claim was provided, no later than 60 days after the deemed denial of the claim. The claimant may review all pertinent documents relating to the denial of the claim and submit any issues and comments, in writing, to
the Administrator. If the claim is denied, the Administrator must provide the claimant with written notice of this denial within 60 days after the Administrator’s receipt of the claimant’s written claim for review. The Administrator’s
decision on the claim for review will be communicated to the claimant in writing and will include specific references to the pertinent Plan provisions on which the decision was based. If the Administrator’s decision on review is not furnished
to the claimant within the time 

  
 -33- 

 
limitations described above, the claim will be deemed denied on review. If the claim for Plan benefits is finally denied by the Administrator (or deemed denied), then the claimant may bring suit
in federal court. The claimant may not commence a suit in a court of law or equity for benefits under the Plan until the Plan’s claim process and appeal rights have been exhausted and the Plan benefits requested in that appeal have been denied
in whole or in part. However, the claimant may only bring a suit in court if it is filed within 90 days after the date of the final denial of the claim by the Administrator. 

With respect to claims for benefits payable as a result of a Participant being determined to be disabled, the Administrator will provide the
claimant with notice of the status of his claim for disability benefits under the Plan within a reasonable period of time after a complete claim has been filed, but no later than 45 days after receipt of the claim for benefits. The Administrator may
request an additional 30-day extension if special circumstances warrant by notifying the claimant of the extension before the expiration of the initial 45-day period. If
a decision still cannot be made within this 30-day extension period due to circumstances outside the Plan’s control, the time period may be extended for an additional 30 days, in which case the claimant
will be notified before the expiration of the original 30-day extension. 
 If the claimant has not
submitted sufficient information to the Administrator to process his disability benefit claim, he will be notified of the incomplete claim and given 45 days to submit additional information. This will extend the time in which the Administrator has
to respond to the claim from the date the notice of insufficient information is sent to the claimant until the date the claimant responds to the request. If the claimant does not submit the requested missing information to the Administrator within
45 days of the date of the request, the claim will be denied. 
 If a disability benefit claim is denied, the claimant will receive a notice
which will include: (i) the specific reasons for the denial, (ii) reference to the specific Plan provisions upon which the decision is based, (iii) a description of any additional information the claimant might be required to provide
with an explanation of why it is needed, and (iv) an explanation of the Plan’s claims review and appeal procedures, and (v) a statement regarding the claimant’s right to bring a civil action under Section 502(a) of ERISA
following a denial on appeal. 
 The claimant may appeal a denial of a disability benefit claim by filing a written request with the
Administrator within 180 days of the claimant’s receipt of the initial denial notice. In connection with the appeal, the claimant may request that the Plan provide him, free of charge, copies of all documents, records and other information
relevant to the claim. The claimant may also submit written comments, records, documents and other information relevant to his appeal, whether or not such documents were submitted in connection with the initial claim. The Administrator may consult
with medical or vocational experts in connection with deciding the claimant’s claim for benefits. 
 The Administrator will conduct a
full and fair review of the documents and evidence submitted and will ordinarily render a decision on the disability benefit claim no later than 45 days after receipt of the request for review on appeal. If there are special circumstances, the
decision will be made as soon as possible, but not later than 90 days after receipt of the request for review on appeal. If such an extension of time is needed, the claimant will be notified in 

  
 -34- 

 
writing prior to the end of the first 45-day period. The Administrator’s final written decision will set forth: (i) the specific reasons for the
decision, (ii) references to the specific Plan provisions on which the decision is based, (iii) a statement that the claimant is entitled to receive, upon request and free of charge, access to and copies of all documents, records and other
information relevant to the benefit claim, and (iv) a statement regarding the claimant’s right to bring a civil action under Section 502(a) of ERISA following a denial on appeal. The Administrator’s decision made in good faith will be
final and binding. 
 The claims procedures set forth in this Section 11.3 are intended to comply with United States Department of Labor Regulation §2560.503-1 and should be construed in accordance with such regulation. In no event shall it be interpreted as expanding the rights of claimants beyond what is required by United States Department of Labor
Regulation §2560.503-1. The Administrator may at any time alter the claims procedure set forth above, so long as the revised claims procedure complies with ERISA, and the regulations issued thereunder.

  

	11.4	Administrator’s Decision Final 

 Benefits under the Plan will be paid only if the
Administrator decides in its sole discretion that a Participant or Beneficiary (or other claimant) is entitled to them. Subject to applicable law, any interpretation of the provisions of the Plan and any decisions on any matter within the discretion
of the Administrator made by the Administrator or its delegate in good faith shall be binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known and the Administrator shall make such adjustment on
account thereof as it considers equitable and practicable. 

  
 -35- 

 SECTION 12 AMENDMENT AND TERMINATION 

While the Employer expects and intends to continue the Plan, the Employer and the Administrator each reserve the right to amend the Plan at
any time and for any reason, including the right to amend this Section 12 and the Plan termination rules herein; provided, however, that each Participant will be entitled to the amount credited to his Accounts immediately prior to such
amendment. The power to amend the Plan includes (without limitation) the power to change the Plan provisions regarding eligibility, contributions, notional investments, vesting, and distribution forms, and timing of payments, including changes
applicable to benefits accrued prior to the effective date of any such amendment; provided, however, that amendments to the Plan (other than amendments relating to Plan termination) shall not cause the Plan to provide for acceleration of
distributions in violation of Section 409A of the Code and applicable regulations thereunder. 
 The Employer reserves the right to
terminate the Plan at any time and for any reason; provided, however, that each Participant will be entitled to the amount credited to his Accounts immediately prior to such termination (as adjusted for notional income, losses, expenses,
appreciation and depreciation occurring from the date of such termination until the date of distribution). 
 In the event that the Plan is
terminated pursuant to this Section 12, the balances in affected Participants’ Accounts shall be distributed at the time and in the manner set forth in Section 9. Notwithstanding the foregoing, the Employer and the Administrator
reserve the right to make all such distributions within the second twelve-month period commencing with the date of termination of the Plan; provided, however, that no such distribution will be made during the first twelve-month period following such
date of Plan termination other than those that would otherwise be payable under Section 9 absent the termination of the Plan. In the event of a Plan termination due to a Change in Control of the Employer, distributions shall be made within 12
months of the date of the termination of the Plan. 

  
 -36- 

 NONQUALIFIED 

DEFERRED COMPENSATION PLAN 

ADOPTION AGREEMENT 

 NONQUALIFIED DEFERRED COMPENSATION PLAN 

ADOPTION AGREEMENT 
 ADOPTION OF PLAN
— [Select one] 
  

	☐	Adoption - The undersigned                      (the “Employer”) hereby adopts as
a Nonqualified Deferred Compensation Plan for the individuals identified in Item 5 herein the form of Plan known as the Nonqualified Supplemental Deferred Compensation Plan. 

 

	☐	Amendment of Previous Nonqualified Deferred Compensation Plan - With “Grandfathered” Amounts              (the
“Employer”) previously has adopted a Nonqualified Deferred Compensation Plan, known as the                      [enter
name of previous plan], and the execution of this Adoption Agreement constitutes an amendment to that Plan, effective only for Deferrals, Contributions, earnings, gains, losses, depreciation and appreciation vested and credited
thereto or debited therefrom on and after the Effective Date listed in Section 2 below, or, if otherwise determined by the Employer, on and after January 1, 2005 with respect to Plan provisions required under Section 409A of the Internal
Revenue Code and the regulations thereunder. All other amounts in the plan shall be subject to the provisions of the previous plan document. This option is appropriate if the previous plan contains grandfathered amounts not subject to Section 409A
of the Internal Revenue Code. Grandfathered amounts were contributed to the plan prior to January 1, 2005 under the terms of the plan in effect prior to October 4, 2004, and those plan terms have not since been materially modified.
Grandfathered amounts and earnings will be administered under the terms of the prior plan document. 

  

	☒	Restatement of Previous Nonqualified Deferred Compensation Plan – the undersigned, Quanta Services, Inc. (the “Employer”) previously has adopted a Nonqualified Deferred
Compensation Plan, known as the Quanta Services, Inc. Nonqualified Deferred Compensation Plan, and the execution of this Adoption Agreement constitutes a restatement of that Plan, effective as of the Effective Date listed in Section 2
below for all funds under the Plan. This option is appropriate if the previous plan does not contain “grandfathered” amounts (see description above), or if Employer wishes to apply Section 409A rules to all amounts in the plan (even pre-2005 amounts), or if previous plan has been materially modified and thus become subject to Section 409A. 

NAME OF PLAN 
 The name of this Plan as adopted by the
Employer is the Quanta Services, Inc. Nonqualified Deferred Compensation Plan (the “Plan”). 
 INDIVIDUALIZED PLAN INFORMATION

 With respect to the variable features contained in the Plan, the Employer hereby makes the following selections granted under the provisions of the
Plan: 
 1. Adopting Entity. The Employer adopts the Plan as: 

List type of business entity (corporation, partnership, controlled group of corporations, etc.) Corporation 

 List each Employer adopting the Plan and Employer Identification Number (EIN). 

 

							
	Name of Employer:	 	Quanta Services, Inc.	 	EIN:         74-2851603	  	
	Name of Employer:	 	See Attached List	 	EIN:	  	
	Name of Employer:	 		 	EIN:	  	
	Name of Employer:	 		 	EIN:	  	
	Name of Employer:	 		 	EIN:	  	

 (attach additional lists as necessary) 

The adopting Employers and the Employer are referred to herein collectively as the “Employer.” 

Select state of controlling law (see Section 10.7 of Plan Document): 

 

	☐	State of incorporation;                      

 

	☒	State of domicile          Texas 

  

	2.	Effective Date. The “Effective Date” of the adoption of this Plan, this Plan amendment or this Plan restatement is January 1, 2017. 

 

	3.	Plan Year. The “Plan year” of the Plan shall be [select one] 

  

	 	☒	the calendar year. 

  

	 	☐	the fiscal year or other 12- month period ending on the last day of 

	 	                          [specify	month]. 

  

	 	☐	a short Plan year beginning on,                     and ending
on            ,        ; and thereafter the Plan year shall be as indicated in (a) or (b) above. 

 

	4.	Plan Administrator. The “Administrator” of the Plan is the Company 

[fill in the name(s) of the individual(s) or job title(s) or entity (such as a committee) that is (are) responsible for administration of
the Plan], and such other person(s) or entity as the Employer shall appoint from time to time. 
  

	5.	Eligible Individuals. The following shall be eligible to participate in the Plan: [select all that apply – do not list individual names]: 

 

	 	☒	A select group of management or highly-compensated Employees as designated by the Employer in separate resolutions or agreements; 

  

	 	☐	Employee Board Members; 

  

	 	☐	Non-Employee Board Members; 

  

	 	☒	Other Service Providers (i.e., independent contractors, consultants, etc.) 

  
 2 

	 	☐	Employees or other Service Providers above the following Compensation threshold: [enter dollar amount] $         

 

	 	☐	Employees with the following job titles: [enter job title(s); for example, “Vice President and above”] 

  

	 	☐	Other: [enter description] 

  

	6.	Eligibility Timing. Eligibility timing selected below shall apply uniformly to all Participant Deferrals (including Performance-Based Bonus Deferrals), as well as Employer Matching Contributions and Other
Employer Contributions, unless otherwise indicated. If the Employer wishes to provide for separate eligibility rules for different types of Compensation (for example, Salary vs. Bonus), or for types of Contributions (for example, Employer Matching
Contributions vs. Participant Deferrals), mark “Other” below and attach exhibits as necessary [select one]: 

  

	 	☒	Eligible immediately upon properly completed designation by the Plan administrator or Employer; 

  

	 	☐	Eligible after the following period of employment, Board service, etc. [enter number of days, months or years, for example, 90 days]
                    ; 

  

	 	☒	Other [enter description]:                      

 

	7.	Types and Amounts of Participant Deferrals [select all that apply and enter minimum and maximum percentages in increments of one percent (for example, Salary minimum 0% maximum 100%). Note that no Deferral
election can reduce a Participant’s Compensation below the amount necessary to satisfy required withholding for FICA/Medicare/income taxes, required Participant Contributions into another Employer-sponsored benefit plan such as medical
insurance, 401(k) loan repayments, etc.]: 

  

	 	☒	Salary [select one]: 

  

	 	☒	percentage [minimum 0 % and maximum 75 %] 

  or 
  

	 	☐	fixed dollar amount [enter minimum $        ]. 

  

	 	☒	Non-Performance-Based Bonus [select one]: 

  

	 	☒	percentage [minimum 0 % and maximum 100 %] 

  or 
  

	 	☐	fixed dollar amount [enter minimum $        ]. 

  

	 	☒	Performance-Based Bonus [select one and enter performance period (for example, 12-month period ending each March 31]: performance
period from January 1 to December 31. 

  

	 	☒	percentage [minimum 0 % and maximum 100 %] 

  or 
  

	 	☐	fixed dollar amount [enter minimum $        ]. 

  
 3 

	☒	Commissions [select one]: 

  

	 	☒	percentage [minimum 0 % and, maximum 100 %] 

  or 
  

	 	☐	fixed dollar amount [enter minimum $        ]. 

  

	☐	Board of Directors Fees/Retainer (note – should not include expense reimbursements): 

  

	 	☐	percentage [minimum      % and, maximum      %] 

  or 
  

	 	☐	fixed dollar amount [enter minimum $        ]. 

  

	☐	Other Service Provider Fees or other earned income from the Employer: 

  

	 	☐	percentage [enter minimum                      and, maximum
     %] 

   or 

 

	 	☐	fixed dollar amount [enter minimum $        ]. 

  

	☐	401(k) Refund (amount deferred from Participant’s regular Compensation equal in value to any refund paid to Participant in that year resulting from excess deferrals in Employer’s 401(k) plan – see
Subsection 2.9 of Plan document for definition.) 

  

	☒	Social Security Trigger (amount deferred pursuant to an election by the Participant to defer a separate percentage of Compensation only from that portion of Compensation that exceeds the Social Security Taxable Wage
Base for the upcoming year). 

  

	☒	Deferral of restricted stock units. 

  

	☐	Other [enter description]:                      

NOTE: Special Rules for Multi-Year RSU Grants Structured to Provide For Annual Vesting of a Specified Portion of the Total Grant: 

☒        Check this box if the Employer wishes to allow for deferral of restricted stock units
that are structured so that a specified portion of the RSU grant vests annually (for example, an RSU grant over a four-year period vesting 25% annually). Under this type of grant, the election to defer may be made separately with respect to each
portion of the grant that vests in a given year. However, each election for each portion of the grant must be made either: (i) within 30 days of the date of grant or each anniversary thereof, and only if the RSU is structured so
that vesting is contingent on the employee performing services for at least an additional 12 months subsequent to the election; or (ii) 12 months before the payment date of the RSU (vesting date is treated as the payment date for these purposes),
but the election will not take effect for 12 months, and the subsequent payout date must be at least five years later than the previous payment date). 

  
 4 

	8.	Definition of Compensation for Purposes of Making Plan Contributions [select one]: 

  

	 	☐	Same definition of Compensation as in Employer’s 401(k) or other applicable qualified retirement plan. 

  

	 	☒	Participant’s total wages, salary, commissions, overtime, bonus, etc. for a given year which the Employer is required to report on Form W-2 or other appropriate form, (or, in
the case of Board members, Board fees and retainer only, but not including expense reimbursements)(or, in the case of Other Service Providers, the Participant’s total remuneration from the Employer for a given year pursuant to the agreement to
provide services to the Employer), earned while the Participant is an Eligible Individual as determined by the Employer. 

  

	 	☐	Other [enter description]:                      

 

	9.	Expiration of Participant’s Deferral Elections [select all that apply]: 

  

	 	☒	Renewed Each Year: Participant’s Deferral Elections must be renewed each year during the open enrollment period ending no later than December 31 prior to the effective Plan year (or, in the case of
Performance-Based Bonuses, no less than 6 months prior to the end of the applicable performance period). 

  

	 	☒	For all types of Compensation Deferrals. 

  

	 	☐	For Salary Deferrals only — other types of Deferrals are “evergreen”. 

  

	 	☐	For Performance-Based Bonus only — other types of Deferrals are “evergreen”. 

  

	 	☐	Other: [specify]                      

 

	 	☐	Evergreen: Participant’s Deferral Elections will be “evergreen” (i.e., will continue indefinitely until the Participant’s Termination Date unless changed by the Participant – so each year
the Participant will be deemed to have the same election in place as the prior year unless actively changed by the Participant during the open enrollment period ending no later than December 31 prior to the effective Plan year or, in the case
of Performance-Based Bonuses, no less than 6 months prior to the end of the applicable performance period). 

  

	 	☐	For all types of Compensation Deferrals. 

  

	 	☐	For Salary Deferrals only — other types of Deferrals are renewed each year. 

  

	 	☐	For Performance-Based Bonus only — other types of Deferrals are renewed each year. 

  

	 	☐	Other: [specify]                      

 

	10.	Employer Contributions [select all that apply]: 

  

	 	☐    	(a)    No Employer Contributions. 

  
 5 

	 	☒	(b) Matching Contributions [enter description of matching formula below and also complete Items 11 and 12] 

With respect to each Plan Year, and solely with respect to a Participant who defers an amount under the Quanta Services, Inc. 401(k) Savings
Plan (the “401(k) Plan”) with respect to such Plan Year that is no less than the limit set forth under I.R.C. Section 402(g) limit, such Participant will be credited with an Employer Matching Contribution under the Plan equal to the
difference between (A) 100% of the first 3% of the Participant’s Compensation that is deferred under the Plan, plus 50% of the next 3% of the Participant’s Compenstion that is deferred under Plan, and (B) the maximum
matching contribution that could be contributed on behalf of the Participant under the 401(k) Plan with respect to such Plan Year. For purposes of determining the Employer Matching Contribution under the Plan, “Compensation” shall have the
same meaning as set forth under the 401(k) Plan, but without regard to the limit set forth under I.R.C. Section 401(a)(17). 
  

	 	☒	(c) Employer Contributions other than Matching Contributions [enter description of Employer Contribution formula below and complete Item 13] 

For any Plan Year, the Employer may elect to make a Discretionary Employer Contribution for any Participant  

 

	11.	Employees Eligible to Receive Employer Matching Contributions. Matching Contributions made for each Plan Year (if applicable) shall be allocated and credited to the Accounts of the following Participants:
[Select one if applicable] 

  

	 	☒	Participants who were employed by the Employer (or, in the case of non-Employee Board Members, served on the Board) during that Plan Year, or, in the case of Other Service
Providers, who provided services to the Employer during that Plan Year. 

  

	 	☐	Participants who were employed by the Employer (or, in the case of non-Employee Board Members, served on the Board) on the last day of the Plan Year, or, in the case of Other
Service Providers, who provided services to the Employer on the last day of the Plan Year. 

  

	 	☐	Participants who were employed by the Employer (or, in the case of non-Employee Board Members, served on the Board) on the last day of the Plan Year or who retired, died or were
Disabled during the Plan Year, or, in the case of Other Service Providers, who provided services to the Employer on the last day of the Plan Year or who died or were Disabled during the Plan Year. [If this option is selected, complete Item 29
— definition of “Disability”.] 

  

	12.	Vesting Schedule of Employer Matching Contributions. If Matching Contributions are made to the Plan, select the rate at which such Contributions will vest [select one]: 

 

	 	☒	Immediate 100% vesting for all Participants. 

  
 6 

	 	☐	“Cliff’ vesting (0% up to cliff; 100% after cliff) [select one]: 

  

	 	☐	1 year cliff (less than 1 year 0%; 1 or more years 100%) 

  

	 	☐	2 year cliff (less than 2 years 0%; 2 or more years 100%) 

  

	 	☐	Other cliff (enter number of years: less than      years 0%;
                     or more years 100%) 

 

	 	☐	“Graded” vesting [enter vesting percentages]: 

  

					
	1 year     %	  	6 years     %	  	11 years     %
	2 years     %	  	7 years     %	  	12 years     %
	3 years     %	  	8 years     %	  	13 years     %
	4 years     %	  	9 years     %	  	14 years     %
	5 years     %	  	10 years     %	  	15 years     %

  

	 	☐	Other vesting schedule: [describe schedule — subject to approval] To be determined at the time of contribution 

 

	13.	Vesting Schedule of Employer Contributions (Other Than Matching Contributions). If Employer Contributions (other than Matching Contributions) are made to the Plan, select the rate at which such Contributions will
vest [select one]: 

  

	 	☐	Immediate 100% vesting for all Participants 

  

	 	☐	“Cliff’ vesting (0% up to cliff; 100% after cliff) [select one] 

  

	 	☐	1 year cliff (less than 1 year 0%; 1 or more years 100%) 

  

	 	☐	2 year cliff (less than 2 years 0%; 2 or more years 100%) 

  

	 	☐	Other cliff (enter number of years: less than      years 0%;
                     or more years 100%) 

  

	 	☐	“Graded” vesting [enter vesting percentages]: 

  

					
	1 year     %	  	6 years     %	  	11 years     %
	2 years     %	  	7 years     %	  	12 years     %
	3 years     %	  	8 years     %	  	13 years     %
	4 years     %	  	9 years     %	  	14 years     %
	5 years     %	  	10 years     %	  	15 years     %

  

	 	☒	Other vesting schedule: [describe schedule — subject to approval] To be determined at the time of the contribution 

  
 7 

	14.	Vesting Years. A “Vesting Year” described above for purposes of determining vesting under the Plan shall be computed in accordance with: [select one — if this is an amendment or restatement
of a prior plan, definition from prior plan will override this definition.] 

  

	 	☐	Years of service (12-consecutive-month periods) with the Employer since date of hire (or date of commencement of Board service). 

 

	 	☐	Years of participation in the Plan (12-consecutive-month period between date Participant enters Plan and anniversary of such date) (if this is an amendment or restatement of a
prior Plan, years of participation in prior plan will be included) (additional fees will apply if this item is selected). 

  

	 	☐	Plan Years since each Plan Year’s total Contributions were made (“rolling vesting”) (additional fees will apply if this item is selected). [If this option is selected, select either
(a) or (b) below] 

  

	 	☐	(a) Vesting will be credited/updated on the last day of the Plan year. 

  

	 	☐	(b) Vesting will be credited/updated on the anniversary of the date the Contribution is credited. 

  

	 	☒	Other: To be determined at the time of the contribution 

  

	15.	Full Vesting Upon Occurrence of Specific Event. [select all that apply] 

  

	 	☒	100% vesting upon Normal Retirement [describe criteria such as age (can be partial year), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole
years of participation)] 

 Age plus Years of Service equals to 70 

 

	 	☐	100% vesting upon Early Retirement [describe criteria such as age (must be whole years), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole
years of participation)] 

  

                     

 

	 	☒	100% vesting upon Death. 

  

	 	☐	100% vesting upon Disability [complete Item 29 — definition of “Disability”]. 

  

	 	☒	100% vesting upon Change in Control of the Employer [complete Items 27 and 28 — definition of “Change in Control”] 

 

	 	☐	100% vesting upon occurrence of other event:        [describe event] 

  
 8 

	16.	Service Before Plan’s Establishment Excluded. Years of service earned prior to establishment of the Plan shall be disregarded for purposes of determining vesting under the Plan: 

 

	 	☐	Yes (this may be elected only if this is the establishment of a new Plan). 

  

	 	☐	No. 

  

	17.	Forfeitures for Misconduct or Violation of Non-Compete. Participants terminating employment prior to becoming 100% vested will forfeit the forfeitable percentage of their
Accounts as indicated in accordance with the vesting schedule selected in Items 12 and/or 13. Participants will also forfeit 100% of their Matching and Employer Contribution Accounts (if applicable) under the following circumstances: [select
any that apply]: 

  

	 	☒	Misconduct (termination for Cause). [enter definition of Misconduct or Cause below] 

Termination “for cause” shall mean the occurrence of any of the following, as determined by the committee in its sole discretion:
 
 a.    Participant’s gross negligence in the performance of, intentional
nonperformance of, or inattention to his material duties and responsibilities, any of which continues for five (5) business days after receipt of written notice of need to cure the same; 

b.    Participant’s willful dishonesty, fraud or material misconduct or any other egregious
act with respect to the business, affairs or reputation of Employer;  
 c.    the
violation by Participant of any of Employer’s policies or procedures, which violation is not cured by Participant within five (5) business days after Participant has been given written notice thereof;  

d.    a conviction of, a plea of nolo contendere, a guilty plea, or confession by Participant to,
an act of fraud, misappropriation or embezzlement or any crime punishable as a felony or any other crime that involves moral turpitude;  

e.    Participant’s use of illegal substances or habitual drunkenness; 

f.    the breach by Participant of any agreement with the Employer if Participant does not cure
such breach within five (5) business days after Participant has been given written notice thereof; or  

g.    termination of the Participant’s services by the Employer for “cause”
pursuant to the terms of any employment, consulting or service arrangement or agreement. 

  
 9 

	 	☒	Engaging in competition with the Employer. [enter definition of engaging in competition below] 

For purposes of this section, “Company Group” shall mean Quanta Services, Inc. and its predecessors, designees, successors, and
past, present and future operating companies, divisions, subsidiaries and/or affiliates 
  

	 	(i)	engage, as an officer, director, shareholder, owner, partner, joint venturer or in a managerial capacity, whether as an employee, independent contractor, consultant, advisor or sales representative, in any business
or industry in which the Company Group is engaged, within the United States, Canada or any other country in which the Company Group conducts business, including any territory serviced by the Company Group, or in which the Company Group is actively
pursuing business opportunities (the “Territory”);  

  

	 	(ii)	call upon any person or entity which is, at that time, or which has been, within one (1) year prior to that time, a customer of the Company Group, or a prospective customer that has been actively
solicited by the Company Group, within the Territory for the purpose of soliciting or selling products or services in competition with the Company Group; or  

  

	 	(iii)	call upon any prospective acquisition candidate, on Participant’s own behalf or on behalf of any competitor, which candidate was, to Participant’s actual knowledge after due inquiry, either called upon by
the Company Group or for which the Company Group made an acquisition analysis for the purpose of acquiring such entity.  

  

	18.	Employer Stock as Deemed Investment Option. If Employer stock will be a deemed investment option, indicate below how shares are to be tracked: [select one] 

 

	 	☐	Partial and whole shares. 

  

	 	☐	Unitized fund. 

  

	19.	In-Service Distributions. If the Employer elects below, the Plan will allow distributions of Participant Deferral Contributions to be made to Participants while they are
still employed (“In-Service Distributions”), if they elect a fixed distribution date during the regular election period. [Select one] 

 

	 	☐	No, In-Service Distributions will not be permitted. 

  

	 	☒	Yes, In-Service Distributions will be permitted. [select one]. 

  

	 	☒	For All Participant Deferral Contributions 

  

	 	☐	For Participant Compensation Deferral Contributions (other than Performance-Based Bonus) only. 

  
 10 

	 	☐	For Participant Performance-Based Bonus Deferral Contributions. 

  

	 	☐	For Employer Contributions. [if selected, employer contributions must be 100% vested, and additional fees may apply]. If Employer wishes to limit in-service withdrawals to
specific types of Employer Contributions, enter details below: 

 [Note - if “Yes” is elected above and
the Plan will allow In-Service Distributions, please indicate if Participant will be permitted to make a “pushback” subsequent election to defer the original distribution date at least five years in
accordance with Plan provisions (see subsection 9.1 of Plan document - note that election must be made 12 months prior to original distribution date and election will not take effect for 12
months)    ☒  Yes    ☐  No] 

Please indicate the number of years a Participant must defer payment(s) until In-Service Distribution(s) may
begin: 
  

	 	☒	Years after the Calendar Year for which the deferral is effective 

  

	 	☐	     Years after the Calendar Year for which the deferral is effective 

Please indicate if separate In-Service Distribution Dates are allowed for each Type of Participant Deferral
selected in Item 7: 
  

	 	☐	No (single distribution date allowed per Plan Year) 

  

	 	☒	Yes (requires additional tracked sources per Plan Year) 

  

	20.	In-Service Distributions – Form and Timing of Payment. In-Service Distributions shall be made to Participants in the following
form: [Select one] 

  

	 	☐	Lump Sums Only 

  

	 	☒	Either 100% in Lump Sums or 100% in Installments. 

 [Note - if Installments are elected above, please
indicate if Participant will be permitted to make a subsequent election to change the installments in accordance with Plan provisions (see subsection 9.2 of Plan
document)    ☒  Yes    ☐  No] 
  

	21.	Unforeseeable Emergency Distributions Dates. If the Employer elects below, the Plan will allow distributions to be made to Participants while they are still employed if they meet the criteria for an unforeseeable
emergency financial hardship (“Unforeseeable Emergency Distributions”). Both Participant Deferral Contributions and Vested Employer Contributions can be distributed in the event of an eligible Unforeseeable Emergency Distribution event.
[Select one] 

  

	 	☐	No, Unforeseeable Emergency Distributions will not be permitted. 

  
 11 

	 	☒	Yes, Unforeseeable Emergency Distributions will be permitted.[select one below]. 

  

	 	☐	For active Participants only. 

  

	 	☒	For active Participants, terminated Participants and Beneficiaries. 

  

	22.	Form of Distributions (at Termination of Employment or Death). Distributions will be made to Participants upon Termination of Employment with the Employer or Death of the Participant as follows [select
one] 

  

	 	☐	Lump sum only. 

  

	 	☐	Lump sum unless installments elected, but can only receive installments if Participant meets the following criteria [select all that apply- if item not selected below, then Participants in that category will
receive lump sum only]: 

  

	 	☐	Retirement [describe criteria such as age (can be partial year), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole years of
participation)]                      

  

	 	☐	Early Retirement [describe criteria such as age (must be whole years), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole years of
participation)]                      

  

	 	☐	Termination (other than for Misconduct, Cause or Violation of Non-Compete) 

  

	 	☒	Lump sum unless installments elected, and Participant may receive installments regardless of reason for Termination of Employment. 

[Note - if Installments are elected above, please complete Item 26 and indicate if Participant will be permitted to make a subsequent election to change
the number of installments in accordance with Plan provisions (see subsection 9.2 of Plan document)    Yes  ☐    No] 

 

	23.	Distribution Upon Disability. If the Employer selects below, the Plan will allow distributions to be made to Participants upon Disability but while they are still employed if they meet the criteria for Disability
in Item 29 below. The form of distribution will be the same as for Termination of Employment, or as elected by the Participant. 

  

	 	☐	No, distribution upon Disability will not be permitted. 

  

	 	☐	Yes, distributions upon Disability will be permitted. [complete Item 29 – definition of “Disability”]. 

  

	24.	Expiration of Participant’s Distribution Elections [select one]: 

  

	 	☒	 Renewed Each Year: Participant’s Distribution Election must be selected each year during the open
enrollment period for the following 

  
 12 

	 	
year’s contributions – if no new election is made, that year’s contributions default to payment in the form of a lump sum. In-Service
Distribution Elections must be made by participants each year. 

  

	 	☐	Evergreen: Participant’s Distribution Election will be “evergreen” (i.e., will continue indefinitely for each year’s contributions until the Participant’s Termination Date unless changed
by the Participant – so each year the Participant will be deemed to have the same distribution election in place as the prior year unless actively changed by the Participant at open enrollment, and the change will only be applicable to future
contributions). In-Service Distribution Elections may not be treated as evergreen. 

  

	25.	Distributions Upon Change in Control: If Employer elects below, distributions will be made to Participants upon Change in Control of the Employer (without a termination of employment of the Participant), as
follows [select one, and complete Items 27 and 28 below (definition of “Change in Control”)] 

  

	 	☒	No, Distributions upon Change in Control will not be permitted. 

  

	 	☐	Yes, Distributions upon Change in Control will be permitted, in a lump sum only. 

  

	 	☐	Yes, Distributions upon Change in Control will be permitted, in a lump sum or in installments as elected by the Participant. 

  

	26.	Length of Installments (if Installment Distributions permitted in Item 20, 22 and/or Item 25 above) [indicate length below]: 

Annual installments over no fewer than 2 [minimum number of years — must be at least 2] and no more than 15
years at Participant’s election [maximum number of years]. 
  

	27.	“Change in Control” – Dates of Distribution. Distributions upon a Change in Control shall occur upon the date that [select all that apply - see Subsection 9.9 of the Plan
document for more details]: 

  

	 	☒	A person or group acquires more than 50% of the total fair market value or voting power of the stock of the corporation (select definition of “corporation” in Item 28 below). 

 

	 	☒	A person or group acquires ownership of stock of the corporation with at least 30% of the total voting power of the corporation (select definition of “corporation” in Item 28 below). 

 

	 	☒	A person or group acquires assets from the corporation having a total fair market value of at least 40% of the value of all assets of the corporation immediately prior to such acquisition. (select definition of
“corporation” in Item 28 below). 

  

	 	☒	A majority of the corporation’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the
board as constituted prior to the appointment or election (select definition of “corporation” in Item 28 below). 

  
 13 

	 	☐	Any person or entity, or more than one person or entity acting as a group, other than a member of the Employer Group or an employee benefit plan of the employer group, acquires directly or indirectly Beneficial
Ownership (as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended) of any voting security of Quanta and immediately after such acquisition such person, entity or group is, directly or indirectly, the beneficial owner of
voting securities representing fifty percent (50%) or more of the total fair market value or total voting power of all of the then-outstanding voting securities of Quanta; or 

Any person or entity, or more than one person or entity acting as a group, other than a member of the employer group or an employee benefit
plan of the employer group, acquires directly or indirectly, or has acquired during the preceding twelve (12) months, Beneficial Ownership (as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended) of any voting security
of Quanta and immediately after such acquisition such person, entity or group is, directly or indirectly, the beneficial owner of voting securities representing thirty percent (30%) or more of the total voting power of all of the then-outstanding
voting securities of Quanta; or 
 Individuals who, as of the date hereof, constitute the Board of Directors of Quanta (the
“Board”), and any new director whose election by the Board or nomination for election by Quanta’s stockholders was approved by a vote of a majority of the directors then still in office who were directors as of the date hereof or
whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority of the members of the Board within a 12-month period; or 

Any person or entity, or more than one person or entity acting as a group, other than a member of the employer group or an employee benefit
plan of the employer group, acquires directly or indirectly, or has acquired during the preceding 12-months, forty percent (40%) or more of the total gross fair market value of assets of the employer group.

  

	28.	“Change in Control” – Which Corporation the Change Relates. Distributions upon a Change in Control shall be made only if the Change in Control relates to the corporation selected below:
[select all that apply]: 

  

	 	☐	(a) The corporation for whom the Participant is performing services at the time of the Change In Control event. 

  

	 	☒	(b) The corporation liable for payments from the Plan to the Participant. 

  

	 	☐	(c) A corporation that is a majority shareholder of a corporation described in (a) or (b) above. 

  
 14 

	 	☐	(d) Any corporation in the chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation described in (a) or (b) above. 

 

	29.	Definition of “Disability.” A Participant shall be considered “Disabled” if [select one]: 

 

	 	☐	as determined by the Employer, that (i) Employee is unable to engage in any substantial gainful activity by reason of a physical or mental impairment that is expected to result in death or last twelve
(12) months or more, or Employee receives replacement income for three (3) months or more due to such physical or mental impairment or (ii) such other definition that complies with the definition of disability under Section 409A of
the Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder; 

  

	 	☐	by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of at least 12 months, the Participant is receiving
income replacement benefits for at least 3 months under accident and health plans of the Employer; 

  

	 	☐	the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months; 

  

	 	☐	the Participant is deemed to be totally disabled by the Social Security Administration; 

  

	 	☐	the Participant is determined to be disabled in accordance with a disability insurance program, provided that the definition of disability under such disability insurance program complies with the requirements of one of
the three preceding definitions above. 

  

	30.	Distributions to “Key Employees” — Investment. In order to comply with Internal Revenue Code Section 409A, distributions to “key employees” (see subsection 9.3 of the Plan Document for
definition) of publicly traded companies made due to employment termination cannot be made within 6 months of the employment termination date. If distribution to a key employee must be delayed to comply with this
6-month rule, indicate below how Account balances of such a Participant will be invested during the period of delay [select one]: 

 

	 	☐	Valued as of most recent Valuation Date and held at the Employer without allocation of additional gains or losses after such Valuation Date until payment can be made. 

 

	 	☐	Remain invested as if termination date had not occurred, then valued as of most recent Valuation Date and distributed. 

  
 15 

	31.	QDRO Distributions. The Employer may elect whether distributions from a Participant’s Account shall be permitted upon receipt by the Plan Administrator of a Qualified Domestic Relations Order relating to a
marital dissolution or separation that provides for payment of all or a portion of a Participant’s Accounts to an alternate payee (spouse, former spouse, children, etc.). [Indicate below whether QDRO distributions will be
permitted]: 

  

	 	☐	No, QDRO Distributions will not be permitted. 

  

	 	☒	Yes, QDRO Distributions will be permitted. 

  

	32.	Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the
following options: [select one] 

  

	 	☐	No additional Survivor Benefit offered, but rather Participant’s vested Account balance. 

  

	 	☐	Face value of life insurance policy of Participant, if any. 

  

	 	☐	Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. 

 

	 	☒	Other: [enter amount or formula] 50% of the death benefit of the policy 

  

	33.	Payment of Plan Expenses. Plan expenses may be paid as follows: [select one] 

  

	 	☒	Directly by the Employer. 

  

	 	☐	Deducted from the Participant accounts and Plan’s trust or other custodial account (mutual fund plans only, if applicable). 

  

	34.	“De Minimis” Small Amount Cashouts. If selected by the Employer, Participant account balances that do not exceed a certain threshold amount will be automatically cashed out upon the Participant’s
Termination of Employment or Death, as provided below [select one] 

  

	 	☒	Yes, amounts that do not exceed a threshold dollar amount will automatically be cashed out [IRS 402(g) limit OR $         [enter dollar amount, not to exceed the
IRS 402(g) limit for a given year] 

  

	 	☐	No, no “de minimis” small amounts will be cashed out. 

 By signing this Adoption Agreement, the
Employer certifies that it has consulted with legal counsel regarding the effects of the Plan, as applicable, on all parties. The Employer further certifies that it has and will limit participation in the Plan to a select group of management or
highly compensated Employees, Board Members or Other Service Providers, as determined by the Employer in consultation with legal counsel. The Employer further certifies that it is the Employer’s sole responsibility to ensure that each
Participant with the right to direct deemed investments under the Plan that are based on securities issued by the Employer or a member of its controlled group (as defined in Code Section 414(b) and (c)) will receive a prospectus for any such deemed
investment option based on such Employer securities. 

  
 16 

 The Employer is solely responsible for its compliance with applicable laws, including Federal and state
securities and other applicable laws. 
 Only those elections that are completed shall be considered as provisions applicable to and forming a part of the
Plan. 
 This Adoption Agreement may only be used in conjunction with the Plan document. All selections in the Adoption Agreement providing for customized
or “other” plan provisions are subject to review for administrative feasibility, and may be subject to additional fees. 
 Terms used in this
Adoption Agreement which are defined in the Plan document shall have the meaning given them therein. 
 The Employer hereby acknowledges that it is adopting
this Nonqualified Supplemental Deferred Compensation Plan. Federal legislation or other changes in the law relating to nonqualified deferred compensation or other employee benefit plans may require that the Plan be amended. 

*    *    * 

The undersigned duly authorized owner, or officer of the Employer hereby executes the Plan on behalf of the Employer. 

Dated this 30th day of December, 2016. 

 

			
	 Quanta Services, Inc.

Employer

		
	By	 	 /s/ Kim Riddle

	Its	 	Vice President – Human Resources

  
 17 

 QUANTA SERVICES, INC. - SUBSIDIARIES LIST 

(Foreign subsidiaries listed in italics) 
  

			
	 Subsidiary
	  	 State of Incorporation

	 1 Diamond, LLC
 618232 Alberta
Ltd.
 1298888 Alberta Ltd.
 Aedon Consulting
Inc.
 All Power Products Inc.
 Allteck Line
Contractors, Inc.
 American International Maritime Logistics, LLC

CAN-FER Utility Services, LLC

Coe Drilling Pty Ltd.
 Conam Construction Co.

Conti Communications, Inc.
 Croce Electric Company, Inc.

Crux Subsurface, Inc.
 DNR Pressure Welding Ltd.

Dacon Corporation
 Dashiell Corporation

Digco Utility Construction, L.P.
 EHV Elecon, Inc.

EHV Power ULC
 Energy Construction Services, Inc.

Five Points Construction Co.
 H. C. Price Canada
Company
 H.L. Chapman Pipeline Construction, Inc.
 High
Line Power Inc.
 InfraSource Construction, LLC
 InfraSource
Field Services, LLC
 InfraSource FI, LLC
 InfraSource
Installation, LLC
 InfraSource, LLC
 InfraSource Services,
LLC
 InfraSource Transmission Services Company
 InfraSource
Underground Construction, Inc.
 InfraSource Underground Services Canada, Inc.

Inline Devices, LLC
 Intermountain Electric, Inc.

IonEarth, LLC
 Irby Construction Company

Island Mechanical Corporation
 Lazy Q Ranch, LLC

Lindsey Electric, L.P.
 Manuel Bros., Inc.

McGregor Construction 2000 Ltd.
 Mears Canada
Corp.
	  	 Delaware
 Alberta

Alberta
 British Columbia

Alberta
 British Columbia

Texas
 Delaware

Victoria, Australia
 Texas

Delaware
 Delaware

Delaware
 Alberta

Delaware
 Delaware

Delaware
 Puerto Rico

British Columbia
 Delaware

Texas
 Nova Scotia

Delaware
 Ontario

Delaware
 Delaware

Delaware
 Delaware

Delaware
 Delaware

Arizona
 Delaware

Delaware
 Texas

Colorado
 Michigan

Mississippi
 Hawaii

Delaware
 Texas

Delaware
 Alberta

Nova Scotia

  
 Page 1 of 4 

			
	 Subsidiary
	  	 State of Incorporation

	 Mears Construction, LLC
 Mears Group,
Inc.
 Mears Group Pty Ltd
 Mearsmex S. de R.L. de C
V.
 Mears Pipeline Pty Ltd.
 Mejia Personnel
Services, Inc.
 Mercer Software Solutions, LLC
 Microline
Technology Corporation
 M.J. Electric, LLC
 Nacap Australia
Pty Ltd.
 North Houston Pole Line, L.P.
 North Sky
Engineering, Inc.
 NorthStar Energy Services, Inc.

Northstar Energy Services Inc.
 Northstar Transport
Services Inc.
 Nova NextGen Solutions, LLC
 O. J.
Pipelines Canada Corporation
 O. J. Pipelines Canada Limited Partnership

PAR Electrical Contractors, Inc.
 Par Internacional, S. de R.L.
de C. V.
 Performance Energy Services, L.L.C.
 Performance
Labor Services, L.L.C.
 Phasor Engineering Inc.

Potelco, Inc.
 Price Gregory Construction, Inc.

Price Gregory International, Inc.
 Price Gregory Services, LLC

Probst Electric, Inc.
 PWR Financial Company

PWR Network, LLC
 QCS EC A 092 7 Development Ltd.

QPS Engineering, LLC
 QSI Finance (Australia) Pty Ltd.

QSI Finance Canada ULC
 QSI Finance I (US), Inc.

QSI Finance II (Lux) S.à r.l
 QSI Finance III
(Canada) ULC
 QSI Finance IV (Canada) ULC
 QSI
Finance V (US), LLP
 QSI Finance VI (Canada) ULC
 QSI
Finance VII (Canada) Limited Partnership
 QSI Finance VIII (Canada) ULC

QSI Finance IX (Canada) Limited Partnership
 QSI, Inc.

Quanta Asset Management LLC
	  	 Georgia
 Delaware

Victoria, Australia
 Mexico

Victoria, Australia
 Texas

Texas
 Michigan

Delaware
 Victoria, Australia

Texas
 Delaware

North Carolina
 Alberta

Alberta
 Delaware

New Brunswick
 Alberta

Missouri
 Mexico

Louisiana
 Louisiana

Alberta
 Washington

Delaware
 Delaware

Delaware
 Utah

Delaware
 Delaware

British Columbia
 Delaware

Victoria, Australia
 British Columbia

Delaware
 Luxembourg

British Columbia
 British Columbia

Delaware
 British Columbia

British Columbia
 British Columbia

British Columbia
 Delaware

Delaware

  
 Page 2 of 4 

			
	 Subsidiary
	  	 State of Incorporation

	 Quanta Associates, L.P.
 Quanta Capital
Solutions, Inc.
 Quanta Capital South Africa Pty Ltd.

Quanta Delaware, Inc.
 Quanta Electric Power Services, LLC

Quanta Energy Services, LLC
 Quanta Fiber Networks, Inc.

Quanta Field Services, LLC
 Quanta Government Services, Inc.

Quanta Government Solutions, Inc.
 Quanta Holdings 1 GP, LLC

Quanta Infrastructure Services, S. de R.L. de C. V.

Quanta International Holdings, Ltd.
 Quanta
International Limited
 Quanta International Services, Inc.

Quanta LXVII Acquisition, Inc.
 Quanta LXVIII Acquisition,
Inc.
 Quanta LXIX Acquisition, Inc.
 Quanta LXX Acquisition,
Inc.
 Quanta LXXI Acquisition, Inc.
 Quanta LXXII Acquisition,
Inc.
 Quanta LXXIII Acquisition, Inc
 Quanta Marine Services,
LLC
 Quanta Middle East, LLC
 Quanta Pipeline Services,
Inc.
 Quanta Power Generation, Inc.
 Quanta Power, Inc.

Quanta Power Solutions India Private Limited
 Quanta
Receivables, L.P.
 Quanta Renewable Construction Pty Ltd.

Quanta Services Africa (PTY) Ltd.
 Quanta Services
Australia Pty Ltd.
 Quanta Services CC Canada Ltd.

Quanta Services Chile SpA
 Quanta Services Colombia
S.A.S.
 Quanta Services Contracting, Inc.
 Quanta
Services Costa Rica, Ltda.
 Quanta Services Guatemala, Ltda.

Quanta Services (India) Ltd.
 Quanta Services Management
Partnership, L.P.
 Quanta Services Netherlands B. V.

Quanta Services of Canada Ltd.
 Quanta Services Panama,
S. de R.L.
 Quanta Services Peru S.A.C.
 Quanta
Technology Canada ULC
	  	 Texas
 Delaware

South Africa
 Delaware

Delaware
 Delaware

Delaware
 Delaware

Delaware
 Delaware

Delaware
 Mexico

British Virgin Islands
 British Virgin Islands

Delaware
 Delaware

Delaware
 Delaware

Delaware
 Delaware

Delaware
 Delaware

Delaware
 Qatar

Delaware
 Delaware

Delaware
 New Delhi, India

Delaware
 South Africa

South Africa
 Victoria, Australia

British Columbia
 Chile

Colombia
 Delaware

Costa Rica
 Guatemala

British Virgin Islands
 Texas

Netherlands
 British Columbia

Panama
 Peru

British Columbia

  
 Page 3 of 4 

			
	 Subsidiary
	  	 State of Incorporation

	 Quanta Technology, LLC
 Quanta Tecnologia
do Brasil Ltda.
 Quanta Towergen Private Limited

Quanta Utility Installation Company, Inc.
 Quanta Utility Services
– Gulf States, Inc.
 Quanta Utility Services of Canada Inc.

QuantaWorks, LLC
 Quantecua Cia. Ltda.

Realtime Engineers, Inc.
 Realtime Utility Engineers, Inc.

RMS Holdings, LLC
 Road Bore Corporation

Service Electric Company
 Servicios Par Electric, S. de R.L. de
C. V.
 Sharp’s Construction Services 2006 Ltd.

Southwest Trenching Company, Inc.
 Summit Line Construction,
Inc.
 Sumter Utilities, Inc.
 Sunesys, LLC

Sunesys of Massachusetts, LLC
 Sunesys of Virginia, Inc.

T. G. Mercer Consulting Services, Inc.
 The Ryan Company, Inc.

Tom Allen Construction Company
 Total Quality Management Services,
LLC
 Ultimate Powerline Contracting Ltd.
 Underground
Construction Co., Inc.
 Utilimap Corporation
 Utility Line
Management Services, Inc.
 Valard Construction Ltd.

Valard Construction LP
 Valard Construction 2008
Ltd.
 Valard Construction (Manitoba) Ltd.
 Valard
Construction (Ontario) Ltd.
 Valard Construction (Quebec) Inc.

Valard Geomatics Ltd.
 Valard Norway AS

Valard Sweden AB
 Valard Wellpoint Systems Ltd.

VCS Sub, Inc.
 Winco, Inc.
	  	 Delaware
 Brazil

Karnataka, India
 Delaware

Delaware
 British Columbia

Delaware
 Ecuador

Delaware
 Wisconsin

Delaware
 Hawaii

Delaware
 Mexico

Alberta
 Texas

Utah
 Delaware

Delaware
 Delaware

Virginia
 Texas

Massachusetts
 Delaware

Delaware
 Saskatchewan

Delaware
 Missouri

Delaware
 British Columbia

Alberta
 Alberta

Manitoba
 Ontario

Quebec
 Alberta

Norway
 Sweden

Alberta
 California

Oregon

  
 Page 4 of 4EX-4.12

 EXHIBIT 4.12 

WEBMD HEALTH CORP. 

AMENDED AND RESTATED 

2005 LONG-TERM INCENTIVE PLAN 
  

 
 (AS AMENDED
AND RESTATED AS OF FEBRUARY 13, 2017) 
  

 

ARTICLE 1 
 PURPOSE

 1.1  General.    The purpose of the WebMD Health Corp. 2005 Long-Term Incentive Plan (as it may
be amended from time to time, the “Plan”) is to promote the success, and enhance the value, of WebMD Health Corp., a Delaware Corporation (the “Corporation”), by linking the personal interests of its employees, officers,
directors and consultants to those of Corporation shareholders and by providing such persons with an incentive for outstanding performance. The Plan is further intended to provide flexibility to the Corporation in its ability to motivate, attract
and retain the services of employees, officers, directors and consultants upon whose judgment, interest and special effort the successful conduct of the Corporation’s operation is largely dependent. Accordingly, the Plan permits the grant of
incentive awards from time to time to selected employees and officers, directors and consultants. 
 ARTICLE 2 

EFFECTIVE DATE 

2.1  Effective Date.    The Plan became effective on the date upon which it was initially approved by the
Board and the shareholders of the Corporation, which was September 26, 2005 (the “Effective Date”). This amendment and restatement of the Plan is effective as of February 13, 2017 and reflects all prior amendments. 

ARTICLE 3 

DEFINITIONS 

3.1  Definitions.    When a word or phrase appears in this Plan with the initial letter capitalized, and
the word or phrase does not commence a sentence and is not otherwise defined in the Plan, the word or phrase shall generally be given the meaning ascribed to it in this Section. The following words and phrases shall have the following meanings: 

(a)  “1933 Act” means the Securities Act of 1933, as amended from time to time. 

(b)  “1934 Act” means the Securities Exchange Act of 1934, as amended from time to time. 

(c)  “Affiliate” means any Parent or Subsidiary and any person that directly, or indirectly through one or
more intermediaries, controls, is controlled by, or is under common control with, the Corporation. 
 (d)  [intentionally
omitted] 
 (e)  “Award” means any Option, Stock Appreciation Right, Restricted Stock Award,
Performance Share Award, Dividend Equivalent Award or Other Stock-Based Award, or any other right or interest relating to Stock or cash, granted to a Participant under the Plan. 

(f)  “Award Agreement” means any written agreement, contract or other instrument or document evidencing an
Award. 
 (g)  “Board” means the Board of Directors of the Corporation. 

 (h)  “Cause” as a reason for a Participant’s termination
of employment or service shall have the meaning assigned such term in the employment agreement, if any, between such Participant and the Corporation or an affiliated company, provided, however, that if there is no such employment
agreement in which such term is defined, “Cause” shall mean any of the following acts by the Participant, as determined by the Board: gross neglect of duty, prolonged absence from duty without the consent of the Corporation, intentionally
engaging in any activity that is in conflict with or adverse to the business or other interests of the Corporation, or willful misconduct, misfeasance or malfeasance of duty which is reasonably determined to be detrimental to the Corporation. 

(i)  “Change of Control” means and includes the occurrence of any one of the following events: 

(i)  individuals who, at the effective date of the Initial Public Offering, constitute the Board (the “Incumbent
Directors”) cease for any reason to constitute at least a majority of the Board, provided that any person becoming a director after the Effective Date and whose election or nomination for election was approved by a vote of at least a
majority of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of the Corporation in which such person is named as a nominee for director, without written objection to such nomination) shall be
an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Corporation as a result of an actual or threatened election contest (as described in
Rule 14a-11 under the 1934 Act (“Election Contest”)) or other actual or threatened solicitation of proxies or consents by or on behalf of any “person” (as such term is defined in
Section 3(a)(9) of the 1934 Act and as used in Section 13(d)(3) and 14(d)(2) of the 1934 Act) other than the Board (“Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election Contest
or Proxy Contest, shall be deemed an Incumbent Director; 
 (ii)  any person becomes a “beneficial owner”
(as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of securities of the Corporation representing 50% or more of the combined voting power of the Corporation’s then
outstanding securities eligible to vote for the election of the Board (the “Corporation Voting Securities”); provided, however, that the event described in this paragraph (ii) shall not be deemed to be a Change of
Control of the Corporation by virtue of any of the following acquisitions: (A) any acquisition by a person who is on the Effective Date the beneficial owner of 50% or more of the outstanding Corporation Voting Securities, (B) an
acquisition by the Corporation which reduces the number of Corporation Voting Securities outstanding and thereby results in any person acquiring beneficial ownership of more than 50% of the outstanding Corporation Voting Securities, provided
that if after such acquisition by the Corporation such person becomes the beneficial owner of additional Corporation Voting Securities that increase the percentage of outstanding Corporation Voting Securities beneficially owned by such person, a
Change of Control of the Corporation shall then occur, (C) an acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any Parent or Subsidiary, (D) an acquisition by an underwriter
temporarily holding securities pursuant to an offering of such securities or (E) an acquisition pursuant to a Non-Qualifying Transaction (as defined in paragraph (iii)); or 

(iii)  the consummation of a reorganization, merger, consolidation, statutory share exchange or similar form of
corporate transaction involving the Corporation that requires the approval of the Corporation’s stockholders, whether for such transaction or the issuance of securities in the transaction (a “Reorganization”), or the sale or other
disposition of all or substantially all of the Corporation’s assets to an entity that is not an affiliate of the Corporation (a “Sale”), unless immediately following such Reorganization or Sale: (A) more than 50% of the total
voting power of (x) the corporation resulting from such Reorganization or the corporation which has acquired all or substantially all of the assets of the Corporation (in either case, the “Surviving Corporation”) or (y) if
applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of 100% of the voting securities eligible to elect directors of the Surviving Corporation (the “Parent Corporation”), is represented by the

  
 WEBMD 2005 LONG-TERM
INCENTIVE PLAN — 
 AS AMENDED AND
RESTATED AS OF FEBRUARY 13, 2017 

  
 PAGE 2

 
Corporation Voting Securities that were outstanding immediately prior to such Reorganization or Sale (or, if applicable, is represented by shares into which such Corporation Voting Securities
were converted pursuant to such Reorganization or Sale), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such Corporation Voting Securities among the holders thereof immediately prior to
the Reorganization or Sale, (B) no person (other than (x) the Corporation, (y) any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation or (z) a person who
immediately prior to the Reorganization or Sale was the beneficial owner of 25% or more of the outstanding Corporation Voting Securities) is the beneficial owner, directly or indirectly, of 25% or more of the total voting power of the outstanding
voting securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) and (C) at least a majority of the members of the board of directors of the Parent Corporation (or, if
there is no Parent Corporation, the Surviving Corporation) following the consummation of the Reorganization or Sale were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for such
Reorganization or Sale (any Reorganization or Sale which satisfies all of the criteria specified in (A), (B) and (C) above shall be deemed to be a “Non-Qualifying Transaction”). 

Notwithstanding the foregoing, with respect to an Award that is subject to Section 409A of the Code, and payment or
settlement of such Award is to be accelerated in connection with an event that would otherwise constitute a Change of Control, no event set forth in clause (i), (ii) or (iii) will constitute a Change of Control for purposes of the
Plan and any Award Agreement unless such event also constitutes a “change in the ownership”, “change in the effective control” or “change in the ownership of a substantial portion of the assets” of the Corporation as
defined under Section 409A of the Code and the Treasury guidance promulgated thereunder. 

(j)  “Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rulings and
regulations promulgated thereunder. 
 (k)  “Committee” means, subject to the last sentence of
Section 4.1, the committee of the Board described in Article 4. 
 (l)  “Covered Employee”
means a covered employee as defined in Section 162(m)(3) of the Code, provided that no employee shall be a Covered Employee until the deduction limitations of Section 162(m) of the Code are applicable to the Corporation and any
reliance period under Treasury Regulation Section 1.162-27(f) has expired. 
 (m)  “Disability”
has the meaning ascribed under the long-term disability plan applicable to the Participant. Notwithstanding the above, (i) with respect to an Incentive Stock Option, Disability shall mean Permanent and Total Disability as defined in
Section 22(e)(3) of the Code and (ii) to the extent an Award is subject to Section 409A of the Code, and payment or settlement of the Award is to be accelerated solely as a result of the Participant’s Disability, Disability shall
have the meaning ascribed thereto under Section 409A of the Code and the Treasury guidance promulgated thereunder. 

(n)  “Dividend Equivalent” means a right granted to a Participant under Article 11. 

(o)  “Effective Date” has the meaning assigned such term in Section 2.1. 

(p)  “Fair Market Value”, on any date, means (i) if the Stock is listed on a securities exchange or is
traded over the Nasdaq National Market, the closing sales price on such exchange or over such system on such date or, in the absence of reported sales on such date, the closing sales price on the immediately preceding date on which sales were
reported or (ii) if the Stock is not listed on a securities exchange or traded over the Nasdaq National Market, Fair Market Value will be determined by such other method as the Committee determines in good faith to be reasonable; provided,
however, that if the Stock underlying an Award is sold on the same day as the date of exercise or settlement or the date on which the restrictions 
  

WEBMD 2005 LONG-TERM INCENTIVE PLAN — 

AS AMENDED AND RESTATED AS OF
FEBRUARY 13, 2017 

  
 PAGE 3

 
lapse applicable to Restricted Stock or similar Award through a broker approved by the Corporation, Fair Market Value shall be the actual sale price of the Stock in such transaction or
transactions. With respect to awards granted on the effective date of the Corporation’s Initial Public Offering, Fair Market Value shall mean the price at which the Stock is initially offered in the Initial Public Offering. 

(q)  “HLTH Corporation” means HLTH Corporation, a Delaware corporation (which was formerly known as Emdeon
Corporation). 
 (r)  “Incentive Stock Option” means an Option that is intended to meet the requirements
of Section 422 of the Code or any successor provision thereto. 
 (s)  “Initial Public Offering”
means the underwritten initial public offering of equity securities of the Corporation pursuant to an effective registration statement under the 1933 Act. 

(t)  “Non-Employee Director” means a member of the Board who is not an employee of the Corporation or any
Parent or Affiliate. 
 (u)  “Non-Qualified Stock Option” means an Option that is not an Incentive Stock Option. 

(v)  “Option” means a right granted to a Participant under Article 7 to purchase Stock at a specified
price during specified time periods. An Option may be either an Incentive Stock Option or a Non-Qualified Stock Option. 

(w)  “Other Stock-Based Award” means a right, granted to a Participant under Article 12, that relates
to or is valued by reference to Stock or other Awards relating to Stock. 
 (x)  “Parent” means a
corporation which owns or beneficially owns a majority of the outstanding voting stock or voting power of the Corporation. Notwithstanding the above, with respect to an Incentive Stock Option, Parent shall have the meaning set forth in
Section 424(e) of the Code. 
 (y)  “Participant” means a person who, as an employee, officer,
consultant or director of the Corporation or any Parent, Subsidiary or Affiliate, has been granted an Award under the Plan. 

(z)  “Performance Share” means a right granted to a Participant under Article 9, to receive cash,
Stock, or other Awards, the payment of which is contingent upon achieving certain performance goals established by the Committee. 

(aa)  “Restricted Stock Award” means Stock granted to a Participant under Article 10 that is subject
to certain restrictions and to risk of forfeiture. 
 (bb)  “Stock” means the $.01 par value common stock
of the Corporation (which, beginning immediately following the completion of the merger of HLTH Corporation into the Corporation on October 23, 2009, was no longer referred to as “Class A” and, while otherwise unchanged, began being
referred to as “$.01 par value common stock” of the Corporation) and such other securities of the Corporation as may be substituted for Stock pursuant to Article 15. 

(cc)  “Stock Appreciation Right” or “SAR” means a right granted to a Participant under
Article 8 to receive a payment equal to the difference between the Fair Market Value of a share of Stock as of the date of exercise of the SAR over the grant price of the SAR, all as determined pursuant to Article 8. 

(dd)  “Subsidiary” means any corporation, limited liability company, partnership or other entity of which a
majority of the outstanding voting equity securities or voting power is beneficially owned directly or indirectly by the Corporation. Notwithstanding the above, with respect to an Incentive Stock Option, Subsidiary shall have the meaning set forth
in Section 424(f) of the Code. 
  
 WEBMD 2005
LONG-TERM INCENTIVE PLAN — 
 AS AMENDED
AND RESTATED AS OF FEBRUARY 13, 2017 

  
 PAGE 4

 ARTICLE 4 

ADMINISTRATION 

4.1  Committee.    The Plan shall be administered by a committee (the “Committee”) appointed by
the Board (which Committee shall consist of two or more directors) or, at the discretion of the Board from time to time, the Plan may be administered by the Board. It is intended that the directors appointed to serve on the Committee shall be
“non-employee directors” (within the meaning of Rule 16b-3 promulgated under the 1934 Act) and “outside directors” (within the meaning of Section 162(m) of the Code) to the
extent that Rule 16b-3 and, if necessary for relief from the limitation under Section 162(m) of the Code and such relief is sought by the Corporation, Section 162(m) of the Code, respectively,
are applicable. However, the mere fact that a Committee member shall fail to qualify under either of the foregoing requirements shall not invalidate (a) any Award made by the Committee which Award is otherwise validly made under the Plan or
(b) any other action taken by the Committee which action is otherwise validly taken under the Plan. The members of the Committee shall be appointed by, and may be changed at any time and from time to time in the discretion of, the Board. During
any time that the Board is acting as administrator of the Plan, it shall have all the powers of the Committee hereunder, and any reference herein to the Committee (other than in this Section 4.1) shall include the Board. 

4.2  Action by the Committee.    For purposes of administering the Plan, the following rules of procedure
shall govern the Committee. A majority of the Committee shall constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present, and acts approved unanimously in writing by the members 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 Corporation
or any Parent or Affiliate, the Corporation’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Corporation to assist in the administration of the Plan. 

4.3  Authority of Committee.    Except as provided below, the Committee has the exclusive power, authority
and discretion to: 
 (a)  Designate Participants; 

(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 of Stock to which an Award will relate;

 (d)  Determine the terms and conditions of any Award granted under 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, based in each
case on such considerations as the Committee in its sole discretion determines; provided, however that any Awards of (i) Restricted Stock or Other Stock-Based Award for which no purchase or exercise price is payable will be scheduled to vest
over a period of no less than three years where such vesting is not tied to the attainment of performance goals and (ii) Performance Share Awards, Restricted Stock or Other Stock-Based Awards for which no purchase or exercise price is payable
will be scheduled to vest over a period of no less than one year where such vesting is tied to the attainment of performance goals; provided, that, notwithstanding the foregoing, such vesting schedule will not be required for grants of Stock to
Non-Employee Directors made to satisfy applicable Board of Director or Committee retainers or fees; 

(e)  Accelerate the vesting or lapse of restrictions of any outstanding Award, based in each case on such
considerations as the Committee in its sole discretion determines; 
 (f)  Determine whether, to what extent, and
under what circumstances an Award may be settled in, or the exercise price of an Award may be paid in, cash, Stock, other Awards or other property, or an Award may be canceled, forfeited or surrendered; 

 
 WEBMD 2005 LONG-TERM
INCENTIVE PLAN — 
 AS AMENDED AND
RESTATED AS OF FEBRUARY 13, 2017 

  
 PAGE 5

 (g)  Prescribe the form of each Award Agreement, which need not be
identical for each Participant, or amend any Award Agreement; 
 (h)  Decide all other matters that must be determined in
connection with an Award; 
 (i)  Establish, adopt or revise any rules and regulations as it may deem necessary or
advisable to administer the Plan; 
 (j)  Make all other decisions and determinations that may be required under
the Plan or as the Committee deems necessary or advisable to administer the Plan; and 
 (k)  Amend the Plan as provided
herein. 
 Notwithstanding the foregoing authority, except as provided in or pursuant to Article 15, the Committee shall
not authorize, generally or in specific cases only, for the benefit of any Participant, any adjustment in the exercise price of an Option or the base price of a Stock Appreciation Right, or in the number of shares subject to an Option or Stock
Appreciation Right granted hereunder by (i) cancellation of an outstanding Option or Stock Appreciation Right and a subsequent regranting of an Option or Stock Appreciation Right, (ii) amendment to an outstanding Option or Stock
Appreciation Right, (iii) substitution of an outstanding Option or Stock Appreciation Right or (iv) any other action that would be deemed to constitute a repricing of such an Award under applicable law, in each case, without prior approval
of the Corporation’s stockholders. 
 4.4  Delegation of Authority.    To the extent not prohibited
by applicable laws, rules and regulations, the Board or the Committee may, from time to time, delegate some or all of its authority under the Plan to a subcommittee or subcommittees thereof or to one or more directors or executive officers of the
Corporation as it deems appropriate under such conditions or limitations as it may set at the time of such delegation or thereafter, except that neither the Board nor the Committee may delegate its authority pursuant to Article 16 to amend the
Plan. For purposes of the Plan, references to the Committee shall be deemed to refer to any subcommittee, subcommittees, directors or executive officers to whom the Board or the Committee delegates authority pursuant to this Section 4.4. 

4.5  Decisions Binding.    The Committee’s interpretation of the Plan, any Awards granted under 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. 

ARTICLE 5 
 SHARES
SUBJECT TO THE PLAN 
 5.1  Number of Shares.    Subject to adjustment as provided in
Article 15, the aggregate number of shares of Stock reserved and available for Awards or which may be used to provide a basis of measurement for or to determine the value of an Award (such as with a Stock Appreciation Right or Performance Share
Award) shall be 24,975,000 shares (the “Maximum Number”). Not more than the Maximum Number of shares of Stock shall be granted in the form of Incentive Stock Options. Subject to Section 5.2, (a) not more than 20% of the shares of
Stock available for issuance under the Plan on October 21, 2010 were available for the grant of Restricted Stock Awards, Performance Share Awards and similar Awards for which no purchase or exercise price is paid (“Full Value
Awards”); and (b) not more than 20% of the 6,775,000 shares of Stock added to the Plan since July 24, 2012 may be granted as Full Value Awards (the sum of the amounts remaining available for Full Value Awards under clauses (a) and (b) of this
sentence, as of any date after July 24, 2012, being referred to as the “Full Value Award Limit”). 
 5.2  Lapsed
Awards.    To the fullest extent permissible under Section 422 of the Code and any other applicable laws, rules and regulations, (i) if an Award is canceled, terminates, expires, is forfeited or lapses for any
reason without having been exercised or settled, any shares of Stock subject to the Award will be added back into the Maximum Number and will again be available for the grant of an Award under the Plan and (ii) shares of Stock subject to SARs
or other Awards settled in cash shall be added back into the Maximum Number and will 
  

WEBMD 2005 LONG-TERM INCENTIVE PLAN — 

AS AMENDED AND RESTATED AS OF
FEBRUARY 13, 2017 

  
 PAGE 6

 
be available for the grant of an Award under the Plan;  provided, however, that any shares of Stock underlying Full Value Awards that are added back into the Maximum Number
pursuant to this Section 5.2 shall increase the Full Value Award Limit. For the sake of clarity, shares tendered or withheld to satisfy the exercise price or tax withholding obligations arising in connection with the exercise or vesting of an
Award (including in connection with a “net exercise” as contemplated by Section 7.1(c)) shall not be added back into the Maximum Number and shall not be available for further grant. 

5.3  Stock Distributed.    Any Stock distributed pursuant to an Award may consist, in whole or in part, of
authorized and unissued Stock, treasury Stock or Stock purchased on the open market. 
 5.4  Limitation on
Awards.    Notwithstanding any provision in the Plan to the contrary (but subject to adjustment as provided in Article 15), the maximum number of shares of Stock with respect to one or more Options and/or SARs that may
be granted during any one calendar year under the Plan to any one Participant shall be 412,500 (all of which may be granted as Incentive Stock Options); provided, however, that in connection with his or her initial employment with the
Corporation, a Participant may be granted Options or SARs with respect to up to an additional 412,500 shares of Stock (all of which may be granted as Incentive Stock Options), which shall not count against the foregoing annual limit. The
maximum Fair Market Value (measured as of the date of grant) of any Awards other than Options and SARs that may be received by any one Participant (less any consideration paid by the Participant for such Award) during any one calendar year under the
Plan shall be $5,000,000. The maximum number of shares of Stock that may be subject to one or more Performance Share Awards (or used to provide a basis of measurement for or to determine the value of Performance Share Awards) in any one calendar
year to any one Participant (determined on the date of grant) shall be 412,500. 
 ARTICLE 6 

ELIGIBILITY 

6.1  General.    Awards may be granted only to individuals who are employees, officers, directors or
consultants of the Corporation or a Parent or an Affiliate. In the discretion of the Committee, Awards may be made to Covered Employees which are intended to constitute qualified performance-based compensation under Section 162(m) of the Code.

 ARTICLE 7 

STOCK OPTIONS 

7.1  General.    The Committee is authorized to grant Options to Participants on the following terms and
conditions: 
 (a)  Exercise Price.    The exercise price per share of Stock under an
Option shall be determined by the Committee at the time of the grant but in no event shall the exercise price be less than 100% of the Fair Market Value of a share of Stock on the date of grant. 

(b)  Time and Conditions of Exercise.    The Committee shall determine the time or times
at which an Option may be exercised in whole or in part, subject to Section 7.1(e) and 7.3. The Committee also shall determine the performance or other conditions, if any, that must be satisfied before all or part of an Option may be exercised.
The Committee may waive any exercise provisions at any time in whole or in part based upon factors as the Committee may determine in its sole discretion so that the Option becomes exerciseable at an earlier date. 

(c)  Payment.    Unless otherwise determined by the Committee, the exercise price of an
Option may be paid (i) in cash, (ii) by actual delivery or attestation to ownership of freely transferable shares of stock already owned; (iii) by a combination of cash and shares of Stock equal in value to the exercise price or
(iv) by such other means as the Committee, in its discretion, may authorize. In accordance with the rules and 
  

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FEBRUARY 13, 2017 

  
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procedures authorized by the Committee for this purpose, an Option may, if the Committee so determines also be exercised through either or both of the following: (i) a “cashless
exercise” procedure authorized by the Committee that permits Participants to exercise Options by delivering a properly executed exercise notice to the Corporation together with a copy of irrevocable instructions to a broker to deliver promptly
to the Corporation the amount of sale or loan proceeds necessary to pay the exercise price and the amount of any required tax or other withholding obligations or (ii)  a “net exercise” arrangement pursuant to which the
Corporation will reduce the number of shares of Stock issued upon exercise by that number of shares of Stock having a Fair Market Value equal to the aggregate exercise price. 

(d)  Evidence of Grant.    All Options shall be evidenced by a written Award Agreement
between the Corporation and the Participant. The Award Agreement shall include such provisions not inconsistent with the Plan as may be specified by the Committee. 

(e)  Exercise Term.    In no event may any Option be exercisable for more than ten years
from the date of its grant. 
 7.2  Incentive Stock Options.    The terms of any Incentive Stock Options
granted under the Plan must comply with the following additional rules: 
 (a)  Lapse of
Option.    An Incentive Stock Option shall lapse under the earliest of the following circumstances; provided, however, that the Committee may, prior to the lapse of the Incentive Stock Option under the
circumstances described in paragraphs (3), (4) and (5) below, provide in writing that the Option will extend until a later date, but if an Option is exercised after the dates specified in paragraphs (3), (4) and
(5) below, it will automatically become a Non-Qualified Stock Option: 
 (1)  The Incentive Stock Option shall
lapse as of the option expiration date set forth in the Award Agreement. 
 (2)  The Incentive Stock Option shall
lapse ten years after it is granted, unless an earlier time is set in the Award Agreement. 
 (3)  If the
Participant terminates employment for any reason other than as provided in paragraph (4) or (5) below, the Incentive Stock Option shall lapse, unless it is previously exercised, three months after the Participant’s termination of
employment; provided, however, that if the Participant’s employment is terminated by the Corporation for Cause, the Incentive Stock Option shall (to the extent not previously exercised) lapse immediately. 

(4)  If the Participant terminates employment by reason of his Disability, the Incentive Stock Option shall lapse,
unless it is previously exercised, one year after the Participant’s termination of employment. 
 (5)  If the
Participant dies while employed, or during the three-month period described in paragraph (3) or during the one-year period described in paragraph (4) and before the Option otherwise lapses, the Option shall lapse one year after
the Participant’s death. Upon the Participant’s death, any exercisable Incentive Stock Options may be exercised by the Participant’s beneficiary, determined in accordance with Section 14.5. 

Unless the exercisability of the Incentive Stock Option is accelerated as provided in Article 14, if a Participant exercises an Option
after termination of employment, the Option may be exercised only with respect to the shares that were otherwise vested on the Participant’s termination of employment. 

(b)  Individual Dollar Limitation.    The aggregate Fair Market Value (determined as of
the time an Award is made) of all shares of Stock with respect to which Incentive Stock Options are first exercisable by a Participant in any calendar year may not exceed $100,000.00. 

(c)  Ten Percent Owners.    No 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 
  

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FEBRUARY 13, 2017 

  
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of stock of the Corporation or any Parent or Affiliate unless the exercise price per share of such Option is at least 110% of the Fair Market Value per share of Stock at the date of grant and the
Option expires no later than five years after the date of grant. 
 (d)  Expiration of Incentive Stock
Options.    No Award of an Incentive Stock Option may be made pursuant to the Plan after the day immediately prior to the tenth anniversary of the Effective Date. 

(e)  Right to Exercise.    During a Participant’s lifetime, an Incentive Stock Option
may be exercised only by the Participant or, in the case of the Participant’s Disability, by the Participant’s guardian or legal representative. 

(f)  Directors.    The Committee may not grant an Incentive Stock Option to a non-employee
director. The Committee may grant an Incentive Stock Option to a director who is also an employee of the Corporation or any Parent or Affiliate but only in that individual’s position as an employee and not as a director. 

7.3  Options Granted to Non-Employee Directors.    Notwithstanding the foregoing, Options granted to
Non-Employee Directors under this Article 7 shall be subject to the following additional terms and conditions: 

(a)  Lapse of Option.    An Option granted to a Non-Employee Director under this
Article 7 shall lapse under the earliest of the following circumstances: 
 (1)  The Option shall lapse as of
the option expiration date set forth in the Award Agreement. 
 (2)  If the Participant ceases to serve as a member
of the Board for any reason other than as provided in the proviso to this paragraph (2), the Option shall lapse, unless it is previously exercised, three years after the Participant’s termination as a member of the Board; provided,
however, that if the Participant is removed for cause (determined in accordance with the Corporation’s bylaws, as amended from time to time), the Option shall (to the extent not previously exercised) lapse immediately. If the Participant dies
during the post termination exercise period specified above and before the Option otherwise lapses, the Option shall lapse one year after the Participant’s death, if later than the end of the three year period. Upon the Participant’s
death, any exercisable Options may be exercised by the Participant’s beneficiary, determined in accordance with Section 14.5. 

If a Participant exercises Options after termination of his service on the Board, he may exercise the Options only with respect
to the shares that were otherwise exercisable on the date of termination of his service on the Board. Such exercise otherwise shall be subject to the terms and conditions of this Article 7. 

(b)  Acceleration Upon Change of Control.    Notwithstanding Section 7.1(b), in the
event of a Change of Control, each Option granted to a Non-Employee Director under this Article 7 that is then outstanding immediately prior to such Change of Control shall become immediately vested and exercisable in full on the date of such
Change of Control. 
 ARTICLE 8 

STOCK APPRECIATION RIGHTS 

8.1  Grant of Stock Appreciation Rights.    The Committee is authorized to grant Stock Appreciation
Rights to Participants on the following terms and conditions: 
 (a)  Right to
Payment.    Upon the exercise of a Stock Appreciation Right, the Participant to whom it is granted has the right to receive the excess, if any, of: 

(1)  The Fair Market Value of one share of Stock on the date of exercise; over 

(2)  The grant price of the Stock Appreciation Right as determined by the Committee, which shall not be less than the
Fair Market Value of one share of Stock on the date of grant. 
  

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 (b)  Other Terms.    All awards of Stock
Appreciation Rights shall be evidenced by an Award Agreement. The terms, the period in which the Stock Appreciation Right may be exercised (subject to Section 8.1(c) below), the methods of exercise, the methods of settlement, the form of
consideration payable in settlement, and any other terms and conditions of any Stock Appreciation Right shall be determined by the Committee at the time of the grant of the Award and shall be reflected in the Award Agreement. 

(c)  Exercise Period.    In no event may a Stock Appreciation Right be exercisable for
more than ten years from the date of its grant. 
 ARTICLE 9 

PERFORMANCE SHARES 

9.1  Grant of Performance Shares.  The Committee is authorized to grant Performance Shares to Participants on such
terms and conditions as may be selected by the Committee, subject to Section 4.3(d). The Committee shall have the complete discretion to determine the number of Performance Shares granted to each Participant, subject to Section 5.4. All
Awards of Performance Shares shall be evidenced by an Award Agreement. 
 9.2  Right to Payment.    A
grant of Performance Shares gives the Participant rights, valued as determined by the Committee, and payable to, or exercisable by, the Participant to whom the Performance Shares are granted, in whole or in part, as the Committee shall establish at
grant or thereafter. The Committee shall set performance goals and other terms or conditions to payment of the Performance Shares in its discretion which, depending on the extent to which they are met, will determine the number and value of
Performance Shares that will be paid to the Participant. 
 9.3  Other Terms.    Performance Shares may
be payable in cash, Stock or other property, and have such other terms and conditions as determined by the Committee and reflected in the Award Agreement. 

ARTICLE 10 

RESTRICTED STOCK AWARDS 

10.1  Grant of Restricted Stock.    The Committee is authorized to make Awards of Restricted Stock to
Participants in such amounts and subject to such terms and conditions as may be selected by the Committee, subject to Section 4.3(d). All Awards of Restricted Stock shall be evidenced by a Restricted Stock Award Agreement. 

10.2  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 or the right to receive dividends on the Restricted Stock). These restrictions may lapse separately or in combination at
such times, under such circumstances, in such installments, upon the satisfaction of performance goals or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. 

10.3  Forfeiture.    Except as otherwise determined by the Committee at the time of the grant of the Award
or thereafter, upon termination of employment during the applicable restriction period or upon failure to satisfy a performance goal during the applicable restriction period, Restricted Stock that is at that time subject to restrictions shall be
forfeited and reacquired by the Corporation; provided, however, that the Committee may provide in any Award 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 the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock. 

10.4  Certificates for Restricted Stock.    Restricted Stock granted under 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. 
  
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LONG-TERM INCENTIVE PLAN — 
 AS AMENDED
AND RESTATED AS OF FEBRUARY 13, 2017 

  
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 ARTICLE 11 

DIVIDEND EQUIVALENTS 

11.1  Grant of Dividend Equivalents.    The Committee is authorized to grant Dividend Equivalents to
Participants subject to such terms and conditions as may be selected by the Committee. Dividend Equivalents shall entitle the Participant to receive payments (in cash, Stock or other property) equal to dividends with respect to all or a portion of
the number of shares of Stock subject to an Award, as determined by the Committee. The Committee may provide that Dividend Equivalents be paid or distributed when accrued, or be deemed to have been reinvested in additional shares of Stock or
otherwise reinvested. The terms of any reinvestment of Dividend Equivalents shall comply with Section 409A of the Code. 

ARTICLE 12 
 OTHER
STOCK-BASED AWARDS 
 12.1 Grant of Other Stock-based Awards.    The Committee is authorized, subject to
limitations under applicable law and Section 4.3(d), to grant to Participants such other Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to shares of Stock, as deemed by the Committee to
be consistent with the purposes of the Plan, including, without limitation, shares of Stock awarded purely as a “bonus” and not subject to any restrictions or conditions, convertible or exchangeable debt securities, other rights
convertible or exchangeable into shares of Stock, stock units, phantom stock and other Awards valued by reference to book value of shares of Stock or the value of securities of or the performance of specified Parents or Subsidiaries. The Committee
shall determine the terms and conditions of such Awards. 
 ARTICLE 13 

ANNUAL AWARDS TO NON-EMPLOYEE DIRECTORS 

13.1  Grant of Options.    Each Non-Employee Director who is serving in such capacity as of January 1 of
each year that the Plan is in effect shall be granted a Non-Qualified Option to purchase 13,200 shares of Stock, subject to adjustment as provided in Article 15. In addition, each Non-Employee Director who is serving in such capacity
as of the effective date of the Initial Public Offering shall be granted a Non-Qualified Stock Option to purchase 13,200 shares of Stock on such date. Each such date that Options are to be granted under this Article 13 is referred to
hereinafter as a “Grant Date”. In addition, the Committee may, in its sole discretion, permit or require each Non-Employee Director to receive all or any portion of his or her compensation for services as a director in the form of an Award
under the Plan with such term and conditions as may be determined by the Committee in its sole discretion. 
 If on any Grant Date, shares of
Stock are not available under the Plan to grant to Non-Employee Directors the full amount of a grant contemplated by the immediately preceding paragraph, then each Non-Employee Director shall receive an Option (a “Reduced Grant”) to
purchase shares of Stock in an amount equal to the number of shares of Stock then available under the Plan divided by the number of Non-Employee Directors as of the applicable Grant Date. Fractional shares shall be ignored and not granted. 

If a Reduced Grant has been made and, thereafter, during the term of the Plan, additional shares of Stock become available for grant, then each
person who was a Non-Employee Director both on the Grant Date on which the Reduced Grant was made and on the date additional shares of Stock become available (a “Continuing Non-Employee Director”) shall receive an additional Option to
purchase shares of Stock. The number of newly available shares shall be divided equally among the Options granted to the Continuing Non-Employee Directors; provided, however, that the aggregate number of shares of Stock subject to a
Continuing Non-Employee Director’s additional Option plus any prior Reduced Grant to the Continuing Non-Employee Director on the 
  

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FEBRUARY 13, 2017 

  
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applicable Grant Date shall not exceed 13,200 shares (subject to adjustment pursuant to Article 15). If more than one Reduced Grant has been made, available Options shall be granted
beginning with the earliest such Grant Date. 
 13.2  Option Price.    The option price for each Option
granted under this Article 13 shall be the Fair Market Value on the date of grant of the Option. 

13.3  Term.    Each Option granted under this Article 13 shall, to the extent not previously
exercised, terminate and expire on the date ten (10) years after the date of grant of the Option, unless earlier terminated as provided in Section 13.4. 

13.4  Lapse of Option.    An Option granted under this Article 13 shall not automatically lapse by
reason of the Participant ceasing to qualify as a Non-Employee Director but remaining as a member of the Board. An Option granted under this Article 13 shall lapse under the earliest of the following circumstances: 

(1)  The Option shall lapse ten years after it is granted. 

(2)  If the Participant ceases to serve as a member of the Board for any reason other than as provided in the proviso
to this paragraph (2), the Option shall lapse, unless it is previously exercised, three years after the Participant’s termination as a member of the Board; provided, however, that if the Participant is removed for cause (determined in
accordance with the Corporation’s bylaws, as amended from time to time), the Option shall (to the extent not previously exercised) lapse immediately. If the Participant dies during the post termination exercise period specified above and before
the Option otherwise lapses, the Option shall lapse one year after the Participant’s death, if later than the end of the three year period. Upon the Participant’s death, any exercisable Options may be exercised by the Participant’s
beneficiary, determined in accordance with Section 14.5. 
 If a Participant exercises Options after termination of his or her service
on the Board, he or she may exercise the Options only with respect to the shares that were otherwise exercisable on the date of termination of his service on the Board. Such exercise otherwise shall be subject to the terms and conditions of this
Article 13. 
 13.5  Cancellation of Options.    Upon a Participant’s termination of service
for any reason other than death or Disability, all Options that have not vested in accordance with the Plan shall be cancelled immediately. 

13.6  Exercisability.    Subject to Section 13.7, each Option grant under this Article 13 shall
be exercisable as to twenty-five percent (25%) of the Option shares on each of the first, second, third and fourth anniversaries of the Grant Date, such that the Options will be fully exercisable after four years from the Grant Date. 

13.7  Acceleration Upon Change of Control.    Notwithstanding Section 13.6, in the event of a Change
of Control, each Option granted under this Article 13 that is then outstanding immediately prior to such Change of Control shall become immediately exercisable in full on the date of such Change in Control. 

13.8  Termination of Article 13.    No Options shall be granted under this Article 13 after
January 1, 2015. 
 13.9  Non-exclusivity.    Nothing in this Article 13 shall prohibit the
Committee from making discretionary Awards to Non-Employee Directors pursuant to the other provisions of the Plan before or after January 1, 2015. Options granted pursuant to this Article 13 shall be governed by the provisions of this
Article 13 and by other provisions of the Plan to the extent not inconsistent with the provisions of this Article 13. 

ARTICLE 14 

PROVISIONS APPLICABLE TO AWARDS 

14.1  Stand-alone, Tandem, and Substitute Awards.    Awards granted under the Plan may, in the discretion
of the Committee, be granted either alone or in addition to, in tandem with, (subject to the last sentence of Section 4.3) or in substitution for, any other Award granted under the Plan. If an Award is granted in substitution 

 
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INCENTIVE PLAN — 
 AS AMENDED AND
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for another Award, the Committee may require the surrender of such other Award in consideration of the grant of the new Award. 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. 
 14.2  Term of
Award.    The term of each Award shall be for the period as determined by the Committee, provided that in no event shall the term of any Incentive Stock Option or a Stock Appreciation Right granted in tandem with the
Incentive Stock Option exceed a period of ten years from the date of its grant (or, if Section 7.2(c) applies, five years from the date of its grant). 

14.3  Form of Payment for Awards.    Subject to the terms of the Plan and any applicable law or Award
Agreement, payments or transfers to be made by the Corporation or a Parent or Affiliate on the grant or exercise of an Award may be made in such form as the Committee determines at or after the time of grant, including, without limitation, cash,
Stock, other Awards or other property, or any combination thereof, and may be made in a single payment or transfer, in installments or on a deferred basis, in each case determined in accordance with rules adopted by, and at the discretion of, the
Committee. 
 14.4  Limits on Transfer.    No right or interest of a Participant in any unexercised or
restricted Award may be pledged, encumbered or hypothecated to or in favor of any party other than the Corporation or a Parent or Affiliate, or shall be subject to any lien, obligation, or liability of such Participant to any other party other than
the Corporation or a Parent or Affiliate. No unexercised or restricted Award shall be assignable or transferable by a Participant other than by will or the laws of descent and distribution or, except in the case of an Incentive Stock Option,
pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Award under the Plan; provided, however, that the Committee may (but need not) permit other transfers where
the Committee concludes that such transferability (i) does not result in accelerated taxation or other adverse tax consequences, (ii) does not cause any Option intended to be an Incentive Stock Option to fail to be described in
Section 422(b) of the Code, and (iii) is otherwise appropriate and desirable, taking into account any factors deemed relevant, including, without limitation, state or federal tax or securities laws applicable to transferable Awards. In
furtherance of the foregoing, with the consent of the Committee or its designee, a Participant may transfer Awards to such Participant’s family members or trusts or other entities in which the Participant or his or her family members hold 50%
or more of the voting or beneficial ownership interest in such trust or entity for estate planning or other tax purpose. Any such permitted transfer shall be subject to such conditions as the Committee or its designee may impose and compliance with
applicable federal and state securities laws. 
 14.5  Beneficiaries.    Notwithstanding
Section 14.4, a Participant may, in the manner determined 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 under 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 such
Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If no beneficiary has been designated or survives the Participant, payment shall be made to the Participant’s estate.
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. 

14.6  Stock Certificates.    All Stock issuable under the Plan is subject to any stop-transfer orders and
other restrictions as the Committee deems necessary or advisable to comply with federal or state securities laws, rules and regulations and the rules of any national securities exchange or automated quotation system on which the Stock is listed,
quoted or traded. The Committee may place legends on any Stock certificate or issue instructions to the transfer agent to reference restrictions applicable to the Stock. 

14.7  Acceleration Upon Death or Disability.    Unless otherwise set forth in an Award Agreement, upon the
Participant’s death or Disability during his employment or service as a director, all outstanding Options, Stock Appreciation Rights, Restricted Stock Awards and other Awards in the nature of rights that may be exercised 

 
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INCENTIVE PLAN — 
 AS AMENDED AND
RESTATED AS OF FEBRUARY 13, 2017 

  
 PAGE 13

 
shall become fully exercisable and all restrictions on outstanding Awards shall lapse. Any Option or Stock Appreciation Rights Awards shall thereafter continue or lapse in accordance with the
other provisions of the Plan and the Award Agreement. To the extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in Section 7.2(b), the excess Options shall be deemed to be Non-Qualified Stock
Options. 
 14.8  Acceleration of Vesting and Lapse of Restrictions.    Subject to Sections 7.3(b)
and 13.7, the Committee may, in its sole discretion, at any time (including, without limitation, prior to, coincident with or subsequent to a Change of Control) determine that (a) all or a portion of a Participant’s Options, Stock
Appreciation Rights and other Awards in the nature of rights that may be exercised shall become fully or partially exercisable, and/or (b) all or a part of the restrictions on all or a portion of the outstanding Awards shall lapse, in each
case, as of such date as the Committee may, in its sole discretion, declare; provided, however, that, with respect to Awards that are subject to Section 409A of the Code, the Committee shall not have the authority to accelerate or
postpone the timing of payment or settlement of an Award in a manner that would cause such Award to become subject to the interest and penalty provisions under Section 409A of the Code. The Committee may discriminate among Participants and
among Awards granted to a Participant in exercising its discretion pursuant to this Section 14.8. All Awards made to Non-Employee Directors shall become fully vested and, in the case of Options, Stock Appreciation Rights and other Awards in the
nature of rights that may be exercised, fully exercisable in the event of the occurrence of a Change of Control as of the date of such Change of Control. 

14.9  Other Adjustments.    If (i) an Award is accelerated under Sections 7.3(b), 13.7 and/or
14.8 or (ii) a Change of Control occurs (regardless or whether acceleration under Sections 7.3(b), 13.7 and/or 14.8 occurs), the Committee may, in its sole discretion, provide (a) that the Award will expire after a designated period
of time after such acceleration or Change of Control, as applicable, to the extent not then exercised, (b) that the Award will be settled in cash rather than Stock, (c) that the Award will be assumed by another party to a transaction
giving rise to the acceleration or a party to the Change of Control, (d) that the Award will otherwise be equitably converted or adjusted in connection with such transaction or Change of Control, or (e) any combination of the foregoing.
The Committee’s determination need not be uniform and may be different for different Participants whether or not such Participants are similarly situated; provided, however, that, with respect to Awards that are subject to
Section 409A of the Code, the Committee shall not have the authority to accelerate or postpone the timing of payment or settlement of an Award in a manner that would cause such Award to become subject to the interest and penalty provisions
under Section 409A of the Code. 
 14.10  Performance Goals.    In order to preserve the
deductibility of an Award under Section 162(m) of the Code, the Committee may determine that any Award granted pursuant to this Plan to a Participant that is or is expected to become a Covered Employee shall be determined solely on the basis of
(a) the achievement by the Corporation or Subsidiary of a specified target return, or target growth in return, on equity or assets, (b) the Corporation’s stock price, (c) the Corporation’s total shareholder return (stock
price appreciation plus reinvested dividends) relative to a defined comparison group or target over a specific performance period, (d) the achievement by the Corporation or a Parent or Subsidiary, or a business unit of any such entity, of a
specified target, or target growth in, net income, revenues, earnings per share, earnings before income and taxes, and earnings before income, taxes, depreciation and amortization, or (e) any combination of the goals set forth in
(a) through (d) above. If an Award is made on such basis, the Committee shall establish goals prior to the beginning of the period for which such performance goal relates (or such later date as may be permitted under Section 162(m) of
the Code), and the Committee has the right for any reason to reduce (but not increase) the Award, notwithstanding the achievement of a specified goal. Any payment of an Award granted with performance goals shall be conditioned on the written
certification of the Committee in each case that the performance goals and any other material conditions were satisfied. 

14.11  Termination of Employment.    Whether military, government or other service or other leave of
absence shall constitute a termination of employment shall be determined in each case by the Committee at its discretion, and any determination by the Committee shall be final and conclusive. A termination of employment shall not occur (i) in a
circumstance in which a Participant transfers from the Corporation to one of its Parents or Subsidiaries, 
  

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transfers from a Parent or Affiliate to the Corporation, or transfers from one Parent or Affiliate to another Parent or Affiliate, or (ii) in the discretion of the Committee as specified at
or prior to such occurrence, in the case of a split-off, spin-off, sale or other disposition of the Participant’s employer from the Corporation or any Parent or Affiliate. To the extent that this provision causes Incentive Stock Options to
extend beyond three months from the date a Participant is deemed to be an employee of the Corporation, a Parent or Affiliate for purposes of Section 424(f) of the Code, the Options held by such Participant shall be deemed to be Non-Qualified
Stock Options. 
 ARTICLE 15 

CHANGES IN CAPITAL STRUCTURE 

15.1  General.    Upon or in contemplation of (a) any reclassification, recapitalization, stock
split (including a stock split in the form of a stock dividend) or reverse stock split, (b) any merger, combination, consolidation, or other reorganization, (c) any spin-off, split-up, or similar extraordinary dividend distribution in
respect of the Stock (whether in the form of securities or property), (d) any exchange of Stock or other securities of the Corporation, or any similar, unusual or extraordinary corporate transaction in respect of the Stock, or (e) a sale
of all or substantially all the business or assets of the Corporation as an entirety, then the Committee shall, in such manner, to such extent (if any) and at such time as it deems appropriate and equitable in the circumstances in order to preserve,
but not increase, the benefits or potential benefits intended to be made available under the Plan or an outstanding Award: 

(i)  proportionately adjust any or all of (A) the number and type of shares of Stock (or other securities) that
thereafter may be made the subject of Awards (including the specific share limits, maximums and numbers of shares set forth elsewhere in this Plan), (B) the number, amount and type of shares of Stock (or other securities or property) subject to
any or all outstanding Awards, (C) the grant, purchase, or exercise price (which term includes the base price of any SAR or similar right) of any or all outstanding Awards, (D) the securities, cash or other property deliverable upon
exercise or payment of any outstanding Awards, or (E) the performance standards applicable to any outstanding Awards, or 

(ii)  make provision for a cash payment or for the assumption, substitution or exchange of any or all outstanding
share-based Awards or the cash, securities or property deliverable to the holder of any or all outstanding share-based Awards, based upon the distribution or consideration payable to holders of the Stock upon or in respect of such event. 

The Committee may adopt such valuation methodologies for outstanding Awards as it deems reasonable in the event of a cash or property
settlement and, in the case of Options, SARs or similar rights, but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount payable upon or in respect of such event over the exercise
or base price of the Award. With respect to any Award of an Incentive Stock Option, the Committee may make such an adjustment that causes the option to cease to qualify as an Incentive Stock Option without the consent of the affected Participant.
Notwithstanding the foregoing, to the extent possible, all adjustments shall be made in a manner to avoid: (i) an Award that is not already subject to Section 409A of the Code from becoming subject to Section 409A of the Code; and
(ii) the imposition of penalties pursuant to Section 409A of the Code. 
 In any of such events, the Committee may take such action
prior to such event to the extent that the Committee deems the action necessary to permit the Participant to realize the benefits intended to be conveyed with respect to the underlying shares in the same manner as is or will be available to
stockholders generally. In the case of any stock split or reverse stock split, if no action is taken by the Committee, the proportionate adjustments contemplated by clause (i) above shall nevertheless be made. 

 
 WEBMD 2005 LONG-TERM
INCENTIVE PLAN — 
 AS AMENDED AND
RESTATED AS OF FEBRUARY 13, 2017 

  
 PAGE 15

 ARTICLE 16 

AMENDMENT, MODIFICATION AND TERMINATION 

16.1  Amendment, Modification and Termination.    The Board or the Committee may, at any time and from
time to time, amend, modify or terminate the Plan; provided, however, that the Board or the Committee may condition any amendment or modification on the approval of shareholders of the Corporation if such approval is necessary or deemed advisable
with respect to tax, securities or other applicable laws, policies or regulations. 
 16.2  Awards Previously
Granted.    At any time and from time to time, but subject to Section 4.3, the Committee may amend, modify or terminate any outstanding Award or Award Agreement without approval of the Participant; provided, however,
that, subject to the terms of the applicable Award Agreement, such amendment, modification or termination shall not, without the Participant’s consent, reduce or diminish the value of such Award determined as if the Award had been exercised,
vested, cashed in or otherwise settled on the date of such amendment or termination; provided further, however, that the original term of any Option may not be extended. No termination, amendment, or modification of the Plan shall adversely affect
any Award previously granted under the Plan, without the written consent of the Participant. Notwithstanding any provision herein to the contrary, the Committee shall have broad authority to amend the Plan or any outstanding Award under the Plan
without approval of the Participant to the extent necessary or desirable (i) to comply with, or take into account changes in or interpretations of, applicable tax laws, securities laws, accounting rules and other applicable laws, rules and
regulations or (ii) to ensure that an Award is not subject to interest and penalties under Section 409A of the Code. 

ARTICLE 17 
 GENERAL
PROVISIONS 
 17.1  No Rights to Awards.    No Participant or any eligible participant shall have
any claim to be granted any Award under the Plan, and neither the Corporation nor the Committee is obligated to treat Participants or eligible participants uniformly. 

17.2  No Stockholder Rights.    No Award gives the Participant any of the rights of a shareholder of the
Corporation unless and until shares of Stock are in fact issued to such person in connection with the exercise, payment or settlement of such Award. 

17.3  Withholding.    The Corporation or any Subsidiary, Parent or Affiliate shall have the authority and
the right to deduct or withhold, or require a Participant to remit to the Corporation, an amount sufficient to satisfy federal, state, local and other taxes (including the Participant’s FICA obligation) required by law to be withheld with
respect to any taxable event arising as a result of the Plan. With respect to withholding required upon any taxable event under the Plan, the Committee may, at the time the Award is granted or thereafter, require or permit that any such withholding
requirement be satisfied, in whole or in part, by (i) withholding from the Award shares of Stock or (ii) delivering shares of Stock that are already owned, having a Fair Market Value on the date of withholding equal to the amount required
to be withheld for tax purposes, all in accordance with such procedures as the Committee establishes. The Corporation or any Subsidiary, Parent or Affiliate may permit tax withholding in shares of Stock in excess of the statutory minimum if such
withholding will not result in liability classification of the Awards pursuant to the accounting rules under ASC 718. The Corporation or any Subsidiary, Parent or Affiliate, as appropriate, shall also have the right to deduct from all cash payments
made to a Participant (whether or not such payment is made in connection with an Award) any applicable taxes required to be withheld with respect to such payments. 

17.4  No Right to Continued Service.    Nothing in the Plan or any Award Agreement shall interfere with or
limit in any way the right of the Corporation or any Parent or Affiliate to terminate any Participant’s employment or status as an officer, director or consultant at any time, nor confer upon any Participant any right to continue as 

 
 WEBMD 2005 LONG-TERM
INCENTIVE PLAN — 
 AS AMENDED AND
RESTATED AS OF FEBRUARY 13, 2017 

  
 PAGE 16

 
an employee, officer, director or consultant of the Corporation or any Parent or Affiliate. In its sole discretion, the Board or the Committee may authorize the creation of trusts or other
arrangements to meet the obligations created under the Plan to deliver shares of Stock with respect to awards hereunder. 

17.5  Unfunded Status of Awards.    The Plan is intended to be an “unfunded” plan for incentive
and deferred 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 Corporation or any Parent or Affiliate. 
 17.6  Indemnification.    To the extent allowable
under applicable law, each member of the Committee shall be indemnified and held harmless by the Corporation 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 such member may be a party or in which he may be involved by reason of any action or failure to act under the Plan and against and from any and all amounts paid by such member in satisfaction of
judgment in such action, suit or proceeding against him; provided such member shall give the Corporation an opportunity, at its own expense, to handle and defend the same before such member 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 under the Corporation’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise,
or any power that the Corporation may have to indemnify them or hold such persons harmless. 
 17.7  Relationship to Other
Benefits.    No Award shall constitute salary, recurrent compensation or contractual compensation for the year of grant, any later year or any other period of time. No payment under the Plan shall be taken into account in
determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Corporation or any Parent or Affiliate unless provided otherwise in such other plan. 

17.8  Expenses; Application of Funds.    The expenses of administering the Plan shall be borne by the
Corporation and its Parents or Subsidiaries. The proceeds received by the Corporation from the sale of shares of Stock pursuant to Awards will be used for general corporate purposes. 

17.9  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. 

17.10  Gender and Number.    Except where otherwise indicated by the context, any masculine term used
herein also shall include the feminine; the plural shall include the singular and the singular shall include the plural. 

17.11  Fractional Shares.    No fractional shares of Stock 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. 

17.12  Government and Other Regulations.    The obligation of the Corporation to make payment of awards in
Stock or otherwise shall be subject to all applicable laws, rules and regulations, and to such approvals by government agencies as may be required. To the extent that Awards under the Plan are awarded to individuals who are domiciled or resident
outside of the United States or to persons who are domiciled or resident in the United States but who are subject to the tax laws of a jurisdiction outside of the United States, the Committee may adjust the terms of the Awards granted hereunder to
such person (i) to comply with the laws of such jurisdiction and (ii) to avoid adverse tax consequences relating to an Award. The authority granted under the previous sentence shall include the discretion for the Committee to adopt, on
behalf of the Corporation, one or more sub-plans applicable to separate classes of Participants who are subject to the laws of jurisdictions outside of the United States. 
  

WEBMD 2005 LONG-TERM INCENTIVE PLAN — 

AS AMENDED AND RESTATED AS OF
FEBRUARY 13, 2017 

  
 PAGE 17

 17.13  Securities Law Restrictions.    An Award may not be
exercised or settled and no shares of Stock may be issued in connection with an Award unless the issuance of such shares of Stock has been registered under the 1933 Act and qualified under applicable state “blue sky” laws and any
applicable foreign securities laws, or the Corporation has determined that an exemption from registration and from qualification under such state “blue sky” laws is available. The Corporation shall be under no obligation to register under
the 1933 Act, or any state securities act, any of the shares of Stock issued in connection with the Plan. The shares issued in connection with the Plan may in certain circumstances be exempt from registration under the 1933 Act, and the
Corporation may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption. The Committee may require each Participant purchasing or acquiring shares of Stock pursuant to an Award under
the Plan to represent to and agree with the Corporation in writing that such Participant is acquiring the shares of Stock for investment purposes and not with a view to the distribution thereof. All certificates for shares of Stock delivered under
the Plan shall be subject to such stock-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any exchange upon which the Stock is
then listed, and any applicable securities law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

17.14  Satisfaction of Obligations.    Subject to applicable law, the Corporation may apply any cash,
shares of Stock, securities or other consideration received upon exercise or settlement of an Award to any obligations a Participant owes to the Corporation and its Parents, Subsidiaries or Affiliates in connection with the Plan or otherwise,
including, without limitation, any tax obligations or obligations under a currency facility established in connection with the Plan. 

17.15  Section 409A of the Code.    Notwithstanding any contrary provisions of the Plan or an Award
Agreement, if any provision of the Plan or an Award Agreement contravenes the requirements of any regulations or Treasury guidance promulgated under Section 409A of the Code or could cause an Award to be subject to additional taxes, accelerated
taxation, interest and/or penalties under Section 409A of the Code, such provision of the Plan or any Award Agreement shall be modified to maintain, to the maximum extent practicable, the original intent of the applicable provision without
violating the provisions of Section 409A of the Code. Moreover, any discretionary authority that the Board or the Committee may have pursuant to the Plan shall not be applicable to an Award that is subject to Section 409A of the Code to
the extent such discretionary authority will contravene Section 409A of the Code or the Treasury guidance promulgated thereunder. 

17.16  Governing Law.    To the extent not governed by federal law, the Plan and all Award Agreements
shall be construed in accordance with and governed by the laws of the State of Delaware. 
 17.17  Additional
Provisions.    Each Award Agreement may contain such other terms and conditions as the Board or the Committee may determine, provided that such other terms and conditions are not inconsistent with the provisions of
this Plan. In the event of any conflict or inconsistency between the Plan and an Award Agreement, the Plan shall govern and the Award Agreement shall be interpreted to minimize or eliminate such conflict or inconsistency. Nothing contained in the
Plan shall be construed: (a) to prevent the Company or any Subsidiary from taking any corporate action, whether or not it would have an adverse effect on any Awards made under the Plan; or (b) to provide any rights, not otherwise provided under
applicable law, to any participant, beneficiary or other person with respect to the taking of any corporate action by the Company or any Subsidiary. 
  

WEBMD 2005 LONG-TERM INCENTIVE PLAN — 

AS AMENDED AND RESTATED AS OF
FEBRUARY 13, 2017 

  
 PAGE 18

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