Document:

EX-4.4

 Exhibit 4.4 

THE AMENDED AND RESTATED 

2002 EQUITY PARTICIPATION PLAN 

OF 
 TEAM HEALTH HOLDINGS,
INC. 
 (f/k/a THE 2002 EQUITY PARTICIPATION PLAN OF INPATIENT CONSULTANTS MANAGEMENT, INC.) 

Team Health Holdings, Inc. (the “Company”) has adopted the Amended and Restated 2002 Equity Participation Plan of Team Health
Holdings, Inc. (the “Plan”), effective November 23, 2015, for the benefit of eligible Employees, Directors, and Consultants (as those terms are defined herein). 

The purposes of the Plan are as follows: 

(1) To provide an additional incentive for Directors, key Employees and Consultants (as such terms are defined below) to further the growth,
development and financial success of the Company and its Subsidiaries by personally benefiting through the ownership of Company stock and/or rights which recognize such growth, development and financial success. 

(2) To enable the Company to obtain and retain the services of directors, key Employees and Consultants considered essential to the long range
success of the Company and its Subsidiaries and Affiliates by offering them an opportunity to own stock in the Company and/or rights which will reflect the growth, development and financial success of the Company and its Subsidiaries and Affiliates.

 ARTICLE I. 

DEFINITIONS 
 1.1
General. Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. 

1.2 Administrator. “Administrator” shall mean the entity that conducts the general administration of the Plan as provided
herein. With reference to the administration of the Plan with respect to Options granted to Independent Directors, the term “Administrator” shall refer to the Board. With reference to the administration of the Plan with respect to any
other Award, the term “Administrator” shall refer to the Compensation Committee unless the Board has assumed the authority for administration of the Plan generally as provided in Section 9.1. 

1.3 Affiliate. “Affiliate” shall mean any affiliate of the Company within the meaning of Rules 260.140.41 and 260.140.42 of
the California Code of Regulations not inconsistent with applicable federal and state securities laws. 
 1.4 Award.
“Award” shall mean an Option, a Restricted Stock award, a Deferred Stock award or a Stock Payment award that may be awarded or granted under the Plan (collectively, “Awards”). 

1.5 Award Agreement. “Award Agreement” shall mean a written agreement executed by an authorized officer of the Company and
the Holder, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the Plan. 

1.6 Award Limit. “Award Limit” shall mean 19,875 shares of Common Stock, as adjusted pursuant to Section 10.3 of
the Plan. 
 1.7 Board. “Board” shall mean the Board of Directors of the Company. 

1.8 Code. “Code” shall mean the Internal Revenue Code of 1986, as amended. 

1.9 Committee. “Committee” shall mean the Compensation Committee of the Board, or another Administrator or subcommittee of
the Board, appointed as provided in Section 9.1. 
 1.10 Common Stock. “Common Stock” shall mean the common stock of
the Company and any equity security of the Company issued or authorized to be issued in the future, but excluding any preferred stock and any warrants, options or other rights to purchase Common Stock. 

1.11 Company. “Company” shall mean Team Health Holdings, Inc., a Delaware corporation. 

1.12 Consultant. “Consultant” shall mean any consultant or adviser if: 

(a) the consultant or adviser renders bona fide services to IHS on or prior to the date immediately prior to the Merger Date; 

(b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital–raising
transaction and do not directly or indirectly promote or maintain a market for IHS’s or a subsidiary’s securities; and 
 (c) the
consultant or adviser is a natural person who has contracted directly with IHS to render such services. 
 1.13 Deferred Stock.
“Deferred Stock” shall mean Common Stock awarded under Article VIII of the Plan. 

  
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 1.14 Director. “Director” shall mean a member of the Board or the board of
directors of any corporation which is a Subsidiary or Affiliate. 
 1.15 Disability. “Disability” shall have the meaning
set forth in Section 22(e)(3) of the Code, provided however, that the Administrator may evaluate the state of the Holder at any time, and immediately thereafter make its decision as to whether a Termination has occurred due to Disability. The
Administrator reserves the right to reassess such decision at any time. 
 1.16 DRO. “DRO” shall mean a domestic relations
order as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, or the rules thereunder. 
 1.17
Employee. “Employee” shall mean any officer or other Employee (as defined in accordance with Section 3401(c) of the Code) of IHS, or of any corporation which is a subsidiary of IHS on or prior to the date immediately prior to
the Merger Date. 
 1.18 Exchange Act. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

1.19 Fair Market Value. “Fair Market Value” of a share of Common Stock as of a given date shall be (a) the closing price
of a share of Common Stock on the principal exchange on which shares of Common Stock are then trading, if any (or as reported on any composite index which includes such principal exchange), on the trading day previous to such date, or if shares were
not traded on the trading day previous to such date, then on the next preceding date on which a trade occurred; (b) if Common Stock is not traded on an exchange but is quoted on New York Stock Exchange or a successor quotation system, the mean
between the closing representative bid and asked prices for the Common Stock on the trading day previous to such date as reported by New York Stock Exchange or such successor quotation system; or (c) if Common Stock is not publicly traded on an
exchange and not quoted on New York Stock Exchange or a successor quotation system, the Fair Market Value of a share of Common Stock as established by the Administrator and the Board acting in good faith. The Board and Administrator shall assess
material considerations such as (i) recent arms– length trades; (ii) any independent appraisals; and (iii) material business developments. Pursuant to Section 422(b)(4) of the Code, in no event shall the exercise price for
Incentive Stock Options be less than Fair Market Value of the stock at the time such options are granted. 
 1.20 Holder.
“Holder” shall mean a person who has been granted or awarded an Award. 
 1.21 IHS. “IHS” shall mean Intrepid
Healthcare Services, Inc. (f/k/a IPC Healthcare, Inc.), a Delaware corporation. 
 1.22 Incentive Stock Option. “Incentive Stock
Option” shall mean an option which conforms to the applicable provisions of Section 422 of the Code and which is designated as an Incentive Stock Option by the Administrator. Incentive Stock Options shall be granted only to Employees of
the Company and shall be subject to and be construed consistently with the requirements of Section 422 of the Code. The Board and the Company shall have no liability if an Option or any part thereof that is intended to be an Incentive Stock
Option does not qualify as such. An Option or any part thereof that does not qualify as an Incentive Stock Option is referred to herein as a “Nonqualified Stock Option” defined hereunder. 

1.23 Independent Director. “Independent Director” shall mean a Director who is not an Employee of the Company or any of its
Subsidiaries or Affiliates. 
 1.24 Merger Date. “Merger Date” shall mean the date upon which the transaction contemplated
by the Agreement and Plan of Merger, by and among Team Health Holdings, Inc., Intrepid Merger Sub, Inc., and IPC Healthcare, Inc., dated as of August 4, 2015, is consummated. 

1.25 Nonqualified Stock Option. “Nonqualified Stock Option” shall mean an Option which is not designated as an Incentive
Stock Option by the Administrator. 
 1.26 Option. “Option” shall mean a stock option granted under Article IV of the Plan.
An Option granted under the Plan shall, as determined by the Administrator, be either a Nonqualified Stock Option or an Incentive Stock Option; provided, however, that Options granted to Independent Directors and Consultants shall be
Nonqualified Stock Options. 
 1.27 Performance Award. “Performance Award” shall mean a cash bonus, stock bonus or other
performance or incentive award that is paid in cash, Common Stock or a combination of both, awarded under Article VIII of the Plan. 
 1.28
Performance Criteria. “Performance Criteria” shall mean any objective business criterion with respect to the Company, any Subsidiary or Affiliate or any division or operating unit thereof, as determined by the Administrator. Such
Performance Criteria may include, without limitation, one or more of: (a) net income; (b) pre–tax income; (c) operating income; (d) cash flow; (e) earnings per share; (f) return on equity; (g) return on
invested capital or assets; (h) cost reductions or savings; (i) funds from operations; j) appreciation in the Fair Market Value of Common Stock; or (k) earnings before any one or more of the following items: interest, taxes,
depreciation or amortization. 
 1.29 Plan. “Plan” shall mean The Amended and Restated 2002 Equity Participation Plan of
Team Health Holdings, Inc. 
 1.30 Restricted Stock. “Restricted Stock” shall mean Common Stock awarded under Article VII
of the Plan. 
 1.31 Rule 16b–3. “Rule 16b–3” shall mean that certain Rule 16b–3 under the Exchange Act, as
such Rule may be amended from time to time. 
 1.32 Section 162(m) Participant. “Section 162(m) Participant” shall
mean any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by
Section 162(m) of the Code. 

  
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 1.33 Securities Act. “Securities Act” shall mean the Securities Act of 1933, as
amended. 
 1.34 Stock Payment. “Stock Payment” shall mean (a) a payment in the form of shares of Common Stock; or
(b) an option or other right to purchase shares of Common Stock, as part of a deferred compensation arrangement, made in lieu of all or any portion of the compensation, including without limitation, salary, bonuses and commissions, that would
otherwise become payable to a key Employee or Consultant in cash, awarded under Article VIII of the Plan. 
 1.35 Subsidiary.
“Subsidiary” shall mean any corporation in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing fifty percent
(50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 1.36
Substitute Award. “Substitute Award” shall mean an Option granted under this Plan upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company or other entity in connection with a
corporate transaction, such as a merger, combination, consolidation or acquisition of property or stock; provided, however, that in no event shall the tern “Substitute Award” be construed to refer to an award made in connection with
the cancellation and repricing of an Option. 
 1.37 Termination of Consultancy. “Termination of Consultancy” shall mean
the time when the engagement of a Holder as a Consultant to the Company or a Subsidiary or Affiliate is terminated for any reason, with or without cause, including, but not by way of limitation, by resignation, discharge, death or retirement; but
excluding terminations where there is a substantially simultaneous commencement of employment with the Company or any Subsidiary or Affiliate. The Administrator, in its absolute discretion, shall determine the effect of all matters and questions
relating to Termination of Consultancy, including, but not by way of limitation, the question of whether a Termination of Consultancy resulted from a discharge for cause, and all questions of whether a particular leave of absence constitutes a
Termination of Consultancy. Notwithstanding any other provision of the Plan, the Company or any Subsidiary or Affiliate has an absolute and unrestricted right to terminate a Consultant’s service at any time for any reason whatsoever, with or
without cause, except to the extent expressly provided otherwise in writing. 
 1.38 Termination of Directorship. “Termination
of Directorship” shall mean the time when a Holder who is an Independent Director ceases to be a Director for any reason, including, but not by way of limitation, a termination by resignation, failure to be elected, death or retirement. The
Board, in its sole and absolute discretion, shall determine the effect of all matters and questions relating to Termination of Directorship with respect to Independent Directors. 

1.39 Termination of Employment. “Termination of Employment” shall mean the time when the employee–employer relationship
between a Holder and the Company or any Subsidiary or Affiliate is terminated for any reason, with or without cause, including, but not by way of limitation, a termination by resignation, discharge, death, Disability or retirement; but excluding
(a) terminations where there is a substantially simultaneous reemployment or continuing employment of a Holder by the Company or any Subsidiary or Affiliate; (b) at the discretion of the Administrator, terminations which result in a
temporary severance of the employee–employer relationship; and (c) at the discretion of the Administrator, terminations which are followed by the substantially simultaneous establishment of a consulting relationship by the Company or a
Subsidiary or Affiliate with the former employee. The Administrator, in its absolute discretion, shall determine the effect of all matters and questions relating to Termination of Employment, including, but not by way of limitation, the question of
whether a Termination of Employment resulted from a discharge for cause, and all questions of whether a particular leave of absence constitutes a Termination of Employment; provided, however, that, with respect to Incentive Stock Options,
unless otherwise determined by the Administrator in its discretion, a leave of absence, change in status from an employee to an independent contractor or other change in the employee–employer relationship shall constitute a Termination of
Employment if, and to the extent that, such leave of absence, change in status or other change interrupts employment for the purposes of Section 422(a)(2) of the Code and the applicable regulations and revenue rulings under said Section. 

ARTICLE II. 
 SHARES
SUBJECT TO PLAN 
 2.1. Shares Subject to Plan. 

(a) No more Awards shall be granted under the Plan following the Merger Date. The 19,875 shares of stock subject to Options that are currently
outstanding as of the Merger Date shall be the only awards subject to, and governed by the terms and conditions of, the Plan following the Merger Date. 

(b) The maximum number of shares which may be subject to Awards granted under the Plan to any individual in any calendar year shall not exceed
the Award Limit. To the extent required by Section 162(m) of the Code, shares subject to Options that are canceled continue to be counted against the Award Limit. 

2.2. Add–back of Options and Other Rights. If any Option, or other right to acquire shares of Common Stock under any other Award
under the Plan, expires or is canceled without having been fully exercised, or is exercised in part for cash as permitted by the Plan, the number of shares subject to such Option or other right as to which such Option or other right was not
exercised prior to its expiration, cancellation or exercise may again be optioned, granted or awarded hereunder, subject to the limitations of Section 2.1. Furthermore, any shares subject to Awards which are adjusted pursuant to
Section 10.3 and become exercisable with respect to shares of stock of another corporation shall be considered cancelled and may again be optioned, granted or awarded hereunder, subject to the limitations of Section 2.1.
Shares of Common Stock which are delivered by the Holder or withheld by the Company upon the exercise of any Award under the Plan, in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded
hereunder, subject to the limitations of Section 2.1. If any shares of Restricted Stock are surrendered by the Holder or repurchased by the Company pursuant to Section 7.4 or 7.5 hereof, such shares may again be
optioned, granted or awarded hereunder, subject to the limitations of Section 2.1. Notwithstanding the provisions of this Section 2.2, no shares of Common Stock may again be optioned, granted or awarded if such action would
cause an Incentive Stock Option to fail to qualify as an incentive stock option under Section 422 of the Code. 

  
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 ARTICLE III. 

GRANTING OF AWARDS 
 3.1.
Award Agreement. Each Award shall be evidenced by an Award Agreement. Award Agreements evidencing Awards intended to qualify as performance–based compensation as described in Section 162(m)(4)(C) of the Code shall contain such terms
and conditions as may be necessary to meet the applicable provisions of Section 162(m) of the Code. Award Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may be necessary to meet the applicable
provisions of Section 422 of the Code. 
 3.2. Provisions Applicable to Section 162(m) Participants. 

(a) The Administrator, in its discretion, may determine whether an Award is to qualify as performance–based compensation as described in
Section 162(m)(4)(C) of the Code. 
 (b) Notwithstanding anything in the Plan to the contrary, the Administrator may grant any Award to
a Section 162(m) Participant, including Restricted Stock the restrictions with respect to which lapse upon the attainment of performance goals which are related to one or more of the Performance Criteria and any performance or incentive award
described in Article VIII that vests or becomes exercisable or payable upon the attainment of performance goals which are related to one or more of the Performance Criteria. 

(c) To the extent necessary to comply with the performance–based compensation requirements of Section 162(m)(4)(C) of the Code, with
respect to any Award granted under Articles VII and VIII which may be granted to one or more Section 162(m) Participants, no later than 90 days following the commencement of any fiscal year in question or any other designated fiscal period or
period of service (or such other time as may be required or permitted by Section 162(m) of the Code), the Administrator shall, in writing, (i) designate one or more Section 162(m) Participants; (ii) select the Performance
Criteria applicable to the fiscal year or other designated fiscal period or period of service; (iii) establish the various performance targets, in terms of an objective formula or standard, and amounts of such Awards, as applicable, which may
be earned for such fiscal year or other designated fiscal period or period of service; and (iv) specify the relationship between Performance Criteria and the performance targets and the amounts of such Awards, as applicable, to be earned by
each Section 162(m) Participant for such fiscal year or other designated fiscal period or period of service. Following the completion of each fiscal year or other designated fiscal period or period of service, the Administrator shall certify in
writing whether the applicable performance targets have been achieved for such fiscal year or other designated fiscal period or period of service. In determining the amount earned by a Section 162(m) Participant, the Administrator shall have
the right to reduce (but not to increase) the amount payable at a given level of performance to take into account additional factors that the Administrator may deem relevant to the assessment of individual or corporate performance for the fiscal
year or other designated fiscal period or period of service. 
 (d) Furthermore, notwithstanding any other provision of the Plan, any Award
which is granted to a Section 162(m) Participant and is intended to qualify as performance–based compensation as described in Section 162(m)(4)(C) of the Code shall be subject to any additional limitations set forth in
Section 162(m) of the Code (including any amendment to Section 162(m) of the Code) or any regulations or rulings issued thereunder that are requirements for qualification as performance–based compensation as described in
Section 162(m)(4)(C) of the Code, and the Plan shall be deemed amended to the extent necessary to conform to such requirements. 
 3.3.
Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan, the Plan, and any Award granted or awarded to any individual who is then subject to Section 16 of the Exchange Act, shall be subject to
any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b–3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the
extent permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

3.4. At–Will Employment. Nothing in the Plan or in any Award Agreement hereunder shall confer upon any Holder any right to
continue in the employ of, or as a director or Consultant for, the Company or any Subsidiary or Affiliate or shall interfere with or restrict in any way the rights of the Company or any Subsidiary or Affiliate, which are hereby expressly reserved,
to discharge any Holder at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written employment agreement between the Holder and the Company or any Subsidiary or Affiliate. 

  
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 ARTICLE IV. 

GRANTING OF OPTIONS TO EMPLOYEES, 

CONSULTANTS AND INDEPENDENT DIRECTORS 

4.1. Eligibility. Any Employee or Consultant selected by the Administrator pursuant to Section 4.4(a)(i) shall be eligible
to be granted an Option. Each Independent Director of the Company shall be eligible to be granted Options at the times and in the manner set forth in Section 4.5. 

4.2. Disqualification for Stock Ownership. No person may be granted an Incentive Stock Option under the Plan if such person, at the
time the Incentive Stock Option is granted, owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any then existing Subsidiary or parent corporation (within the meaning of Section 422
of the Code) unless such Incentive Stock Option conforms to the applicable provisions of Section 422 of the Code. 
 4.3.
Qualification of Incentive Stock Options. No Incentive Stock Option shall be granted to any person who is not an Employee. 
 4.4.
Granting of Options to Employees and Consultants. 
 (a) The Administrator shall from time to time, in its absolute discretion, and
subject to applicable limitations of the Plan: 
 (i) determine which Employees are key Employees and select from among the
key Employees or Consultants (including Employees or Consultants who have previously received Awards under the Plan) such of them as in its opinion should be granted Options; 

(ii) subject to the Award Limit, determine the number of shares to be subject to such Options granted to the selected key
Employees or Consultants; 
 (iii) subject to Section 4.3, determine whether such Options are to be Incentive
Stock Options or Nonqualified Stock Options and whether such Options are to qualify as performance–based compensation as described in Section 162(m)(4)(C) of the Code; and 

(iv) determine the terms and conditions of such Options, consistent with the Plan; provided, however, that the terms and
conditions of Options intended to qualify as performance–based compensation as described in Section 162(m)(4)(C) of the Code shall include, but not be limited to, such terms and conditions as may be necessary to meet the applicable
provisions of Section 162(m) of the Code. 
 (b) Upon the selection of a key Employee or Consultant to be granted an Option, the
Administrator shall instruct the Secretary of the Company to issue the Option and may impose such conditions on the grant of the Option as it deems appropriate. 

(c) Any Incentive Stock Option granted under the Plan may be modified by the Administrator, with the consent of the Holder, to disqualify such
Option from treatment as an “incentive stock option” under Section 422 of the Code. 
 4.5. Granting of Options to
Independent Directors. 
 The Board shall from time to time, in its absolute discretion, and subject to applicable limitations of the
Plan: 
 (a) Select from among the Independent Directors (including Independent Directors who have previously received Options under the
Plan) such of them as in its opinion should be granted Options; 
 (b) Subject to the Award Limit, determine the number of shares to be
subject to such Options granted to the selected Independent Directors; 
 (c) Subject to the provisions of Article 5,
determine the terms and conditions of such Options, consistent with the Plan. All the foregoing Option grants authorized by this Section 4.5 are subject to stockholder approval of the Plan. 

4.6. Options in Lieu of Cash Compensation. Options may be granted under the Plan to Employees and Consultants in lieu of cash bonuses
which would otherwise be payable to such Employees and Consultants and to Independent Directors in lieu of directors’ fees which would otherwise be payable to such Independent Directors, pursuant to such policies which may be adopted by the
Administrator from time to time. 
 ARTICLE V. 

TERMS OF OPTIONS 
 5.1.
Option Price. The price per share of the shares subject to each Option granted to Employees and Consultants shall be set by the Administrator and shall be set by the Board with respect to Options granted to Independent Directors; provided,
however, that such price shall be not less than the Fair Market Value of a share of Common Stock, unless otherwise permitted by applicable state law (or, in the case of any person who owns securities possessing more than ten percent
(10%) of the total combined voting power of all classes of securities of the Company or any Subsidiaries or Affiliates, such price shall be one hundred ten percent (110%) of the Fair Market Value), and: 

(a) in the case of Options intended to qualify as performance–based compensation as described in Section 162(m)(4)(C) of the Code,
such price shall not be less than one hundred percent (100%) of the Fair Market Value of a share of Common Stock on the date the Option is granted; 

(b) in the case of Incentive Stock Options such price shall not be less than one hundred percent (100%) of the Fair Market Value of a
share of Common Stock on the date the Option is granted (or the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code); 

(c) in the case of Incentive Stock Options granted to an individual then owning (within the meaning of Section 424(d) of the Code) more
than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Subsidiary or parent corporation thereof (within the meaning of Section 422 of the Code), such price shall not be less than one hundred
ten percent (110%) of the Fair Market Value of a share of Common Stock on the date the Option is granted (or the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). 

5.2. Option Term. The term of an Option granted to an Employee or Consultant shall be set by the Administrator in its discretion;
provided, however, that, in the case of Incentive Stock Options, the term shall terminate on the earlier of ten (10) years from the date of the Incentive Stock Option grant or three (3) months after termination of employment for a
reason other than death (except in the case of termination due to Disability, after which 

  
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 Section 422(b) requires that an Incentive Stock Option be exercisable for up to twelve (12) months). If
the Incentive Stock Option is granted to an individual then owning (within the meaning of Section 424(d) of the Code) more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Subsidiary
or parent corporation thereof (within the meaning of Section 422 of the Code), the term of the Option shall not exceed five (5) years from the date of the Incentive Stock Option grant. Except as limited by requirements of Section 422
of the Code and regulations and rulings thereunder applicable to Incentive Stock Options, the Administrator may extend the term of any outstanding Option in connection with any Termination of Employment or Termination of Consultancy of the Holder,
or amend any other term or condition of such Option relating to such a termination. 
 5.3. Option Vesting 

(a) The period during which the right to exercise, in whole or in part, an Option granted to an Employee or a Consultant vests in the Holder
shall be set by the Administrator and the Administrator may determine that an Option may not be exercised in whole or in part for a specified period after it is granted; provided, however, each Option shall be exercisable at a rate of at
least twenty percent (20%) per year over five (5) years from the date the Option is granted, subject to such reasonable conditions as determined by the Administrator. Notwithstanding the foregoing, in the case of an Option granted to
officers, directors or consultants of the Company or its subsidiaries, the Option may become fully exercisable, subject to reasonable conditions such as continued employment, at any time or during any period established by the Company. At any time
after grant of an Option, the Administrator may, in its sole and absolute discretion and subject to whatever terms and conditions it selects, accelerate the period during which an Option granted to an Employee or Consultant vests. 

(b) No portion of an Option granted to an Employee or Consultant which is unexercisable at Termination of Employment or Termination of
Consultancy, as applicable, shall thereafter become exercisable, except as may be otherwise provided by the Administrator either in the Award Agreement or by action of the Administrator following the grant of the Option. 

(c) To the extent that the aggregate Fair Market Value of stock with respect to which “incentive stock options” (within the meaning
of Section 422 of the Code, but without regard to Section 422(d) of the Code) are exercisable for the first time by a Holder during any calendar year (under the Plan and all other incentive stock option plans of the Company and any parent
or subsidiary corporation, within the meaning of Section 422 of the Code) of the Company, exceeds $100,000, such Options shall be treated as Nonqualified Stock Options to the extent required by Section 422 of the Code. The rule set forth
in the preceding sentence shall be applied by taking Options into account in the order in which they were granted. For purposes of this Section 5.3(c), the Fair Market Value of stock shall be determined as of the time the Option with
respect to such stock is granted. 
 5.4. Substitute Awards. 

Notwithstanding the foregoing provisions of this Article V to the contrary, in the case of an Option that is a Substitute Award, the price per
share of the shares subject to such Option may be less than the Fair Market Value per share on the date of grant; provided, however, that the excess of: 

(a) the aggregate Fair Market Value (as of the date such Substitute Award is granted) of the shares subject to the Substitute
Award; over 
 (b) the aggregate exercise price thereof; does not exceed the excess of: 

(c) the aggregate Fair Market Value (as of the time immediately preceding the transaction giving rise to the Substitute Award, such Fair
Market Value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or substituted for by the Company; over 

(d) the aggregate exercise price of such shares. 

ARTICLE VI. 
 EXERCISE
OF OPTIONS 
 6.1. Partial Exercise. An exercisable Option may be exercised in whole or in part. However, an Option shall not be
exercisable with respect to fractional shares and the Administrator may require that, by the terns of the Option, a partial exercise be with respect to a minimum number of shares. 

6.2. Manner of Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all of the following to
the Secretary of the Company or his office: 
 (a) A written notice complying with the applicable rules established by the Administrator
stating that the Option, or a portion thereof, is exercised and, if so requested by the Company, an executed copy of an Award Agreement, a shareholders agreement or a Consent to be Bound by a shareholders agreement or other similar agreement of
joinder signed by the Holder or other person then entitled to exercise the Option or such portion of the Option. Such agreement shall provide the Company with the right (but not the obligation) to repurchase the shares issued or issuable upon
exercise of any Option or any portion thereof (the “Option Shares”) upon Termination of Employment, Termination of Directorship or Termination of Consultancy of Holder and that: 

(i) the Option Shares may be repurchased within ninety (90) days of the Termination of Employment (or in the case of
securities issued upon exercise of Options after the date of Termination of Employment, within ninety (90) days after the date of exercise), at a price per share at least equal to the Fair Market Value of the shares so purchased and the
purchase price shall be payable in cash or cancellation of indebtedness for the Option Shares and such right shall terminate at such time as the Company’s Common Stock becomes publicly traded; or 

(ii) the Option Shares may be repurchased at their original purchase price; provided, however, that with respect to
Employees, the right to repurchase the Option Shares at the original purchase price lapses at the rate of twenty percent (20%) per year over five (5) years from the date the Option is granted (without respect to the date the Option was
exercised or became exercisable) and the right to repurchase the Option Shares must be exercised for cash or cancellation of purchase money indebtedness for the Option Shares within ninety (90) days of Termination of Employment (or in the case
of securities issued upon exercise of Options after the date of Termination of Employment, within ninety (90) days after the date of exercise). In addition to the restrictions set forth in clauses (i) and (ii), an Option held by an
officer, Independent Director or Consultant of the Company or a Subsidiary or Affiliate of the Company may be subject to additional or greater restrictions. 

  
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 (b) Such representations and documents as the Administrator, in its absolute discretion, deems
necessary or advisable to effect compliance with all applicable provisions of the Securities Act and any other federal or state securities laws or regulations. The Administrator may, in its absolute discretion, also take whatever additional actions
it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop–transfer notices to agents and registrars; 

(c) In the event that the Option shall be exercised pursuant to Section 10.1 by any person or persons other than the Holder,
appropriate proof of the right of such person or persons to exercise the Option; and 
 (d) Full cash payment to the Secretary of the
Company for the Option Shares with respect to which the Option, or portion thereof, is exercised. However, the Administrator, may in its discretion (i) allow a delay in payment up to thirty (30) days from the date the Option, or portion
thereof, is exercised; (ii) allow payment, in whole or in part, through the delivery of shares of Common Stock which have been owned by the Holder for at least six months, duly endorsed for transfer to the Company with a Fair Market Value on
the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof; (iii) allow payment, in whole or in part, through the surrender of shares of Common Stock then issuable upon exercise of the Option having a
Fair Market Value on the date of Option exercise equal to the aggregate exercise price of the Option or exercised portion thereof; (iv) allow payment, in whole or in part, through the delivery of property of any kind which constitutes good and
valuable consideration determined by the Administrator to have a Fair Market Value equal to the aggregate exercise price; (v) allow payment, in whole or in part, through the delivery of a full recourse promissory note bearing interest (at no
less than such rate as shall then preclude the imputation of interest under the Code) and payable upon such terms as may be prescribed by the Administrator in accordance with applicable law; (vi) allow payment, in whole or in part, through the
delivery of a notice that the Holder has placed a market sell order with a broker with respect to shares of Common Stock then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds
of the sale to the Company in satisfaction of the Option exercise price, provided that payment of such proceeds is then made to the Company upon settlement of such sale; or (vii) allow payment through any combination of the consideration
provided in the foregoing subparagraphs (ii), (iii), (iv), (v) and (vi). In the case of an Incentive Stock Option, payment for Option Shares shall be made in accordance with Section 422 of the Code and consideration provided in the
foregoing subparagraphs (ii), (iii), (vi) and, to the extent applicable, (vii) shall not apply. In the case of a promissory note, the Administrator may also prescribe the form of such note and the security to be given for such note. The
Option may not be exercised, however, by delivery of a promissory note or by a loan from the Company when or where such loan or other extension of credit is prohibited by law. 

6.3. Conditions to Issuance of Stock Certificates. In the event that the Option Shares are of a class of stock that is publicly traded
and listed on one or more stock exchanges, the Company shall not be required to issue or deliver any certificate or certificates for Option Shares prior to fulfillment of all of the following conditions: 

(a) The admission of the Option Shares to listing on all stock exchanges on which such class of stock is then listed; 

(b) The completion of any registration or other qualification of the Option Shares under any state or federal law, or under the rulings or
regulations of the Securities and Exchange Commission or any other governmental regulatory body which the Administrator shall, in its absolute discretion, deem necessary or advisable; 

(c) The obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its
absolute discretion, determine to be necessary or advisable; 
 (d) The lapse of such reasonable period of time following the exercise of
the Option as the Administrator may establish from time to time for reasons of administrative convenience; and 
 (e) The receipt by the
Company of full payment for the Option Shares, including payment of any applicable withholding tax, which in the discretion of the Administrator may be in the form of consideration used by the Holder to pay for such shares under Section
6.2(d). 
 6.4. Rights as Stockholders. Holders shall not be, nor have any of the rights or privileges of, stockholders of the
Company in respect of any Option Shares unless and until certificates representing such Option Shares have been issued by the Company to such Holders. 

6.5. Ownership and Transfer Restrictions. The Administrator, in its absolute discretion, may impose such restrictions on the ownership
and transferability of the Option Shares as it deems appropriate. Any such restriction shall be set forth in the respective Award Agreement and may be referred to on the certificates evidencing the Option Shares. The Holder shall give the Company
prompt notice of any disposition of the Option Shares acquired by exercise of an Incentive Stock Option within (a) two (2) years from the date of granting (including the date the Option is modified, extended or renewed for purposes of
Section 424(h) of the Code) such Option to such Holder; or (b) one (1) year after the transfer of such Option Shares to such Holder. Restrictions on the ownership and transferability of the Option Shares shall also be subject to the
provisions of any shareholders agreement, lock up agreement, market standstill agreement or similar agreement in place at the time of exercise of an Option. 

  
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 6.6 Limitations on Exercise of Options. 

(a) Unless the Award Agreement provides otherwise, as in the case of Incentive Stock Options, no Option granted to an Independent Director,
Employee or Consultant may be exercised to any extent after the first to occur of the following events: 
 (i) The expiration of six
(6) months from the date of the Holder’s death; 
 (ii) The expiration of six (6) months from the date of the Holder’s
Termination of Directorship, Termination of Employment or Termination of Consultancy, as the case may be, by reason of his Disability; 

(iii) The expiration of three (3) months from the date of the Holder’s Termination of Directorship, Termination of Employment or
Termination of Consultancy, as the case may be, for any reason other than cause (as defined by applicable law or in a written agreement between Holder and the Company or a Subsidiary or Affiliate) or such Optionee’s death or Disability, unless
the Optionee dies within said three (3) month period, in which case Section 6.6(a)(i) applies; or 
 (iv) The expiration of
ten (10) years from the date the Option was granted. 
 (b) If Holder’s employment is terminated for cause (as defined by
applicable law or in a written agreement between Holder and the Company or a Subsidiary or Affiliate), the Company shall not permit Holder to exercise any portion of the Option. 

(c) Holders may be required to comply with any timing or other restrictions with respect to the settlement or exercise of an Option, including
a window–period limitation, as may be imposed in the discretion of the Administrator or in compliance with federal or state securities laws. 

ARTICLE VII. 
 AWARD OF
RESTRICTED STOCK 
 7.1. Eligibility. Subject to the Award Limit, Restricted Stock may be awarded to any Employee who the
Administrator determines is a key Employee, any Independent Director or any Consultant who the Administrator determines should receive such an Award. 

7.2. Award of Restricted Stock 

(a) The Administrator may from time to time, in its absolute discretion: 

(i) Determine which Employees are key Employees and select from among the key Employees, Independent Directors or Consultants
(including Employees, Independent Directors or Consultants who have previously received other awards under the Plan) such of them as in its opinion should be awarded Restricted Stock; and 

(ii) Determine the purchase price, if any, and other terms and conditions applicable to such Restricted Stock, consistent with
the Plan; provided, however, such per share price shall not be less than eighty–five percent (85%) of the Fair Market Value of a share of stock either at the time the person is granted the right to purchase shares under the Plan or
at the time the purchase is consummated, or in the case of any person who owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or its parent or subsidiaries, at least one
hundred percent (100%) of the Fair Market Value of the stock either at the time such person is granted the right to purchase shares under the Plan or at the time the purchase is consummated. 

(b) The Administrator shall establish the purchase price, if any, and form of payment for Restricted Stock; provided, however, that
such purchase price shall be no less than the par value of the Common Stock to be purchased, unless otherwise permitted by applicable state law. In all cases, legal consideration shall be required for each issuance of Restricted Stock. 

(c) Upon the selection of a key Employee or Consultant to be awarded Restricted Stock, the Administrator shall instruct the Secretary of the
Company to issue such Restricted Stock and may impose such conditions on the issuance of such Restricted Stock as it deems appropriate. 
 

7.3. Rights as Stockholders. Subject to Section 7.4, upon delivery of the shares of Restricted Stock to the escrow holder
pursuant to Section 7.6, the Holder shall have, unless otherwise provided by the Administrator, all the rights of a stockholder with respect to said shares, subject to the restrictions in his Award Agreement, including the right to
receive all dividends and other distributions paid or made with respect to the shares; provided, however, that in the discretion of the Administrator, any extraordinary distributions with respect to the Common Stock shall be subject to the
restrictions set forth in Section 7.4. 
 7.4. Restriction. All shares of Restricted Stock issued under the Plan (including
any shares received by holders thereof with respect to shares of Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization) shall, in the terms of each individual Award Agreement, be subject to such
restrictions as the Administrator shall provide, which restrictions may include, without limitation, restrictions concerning voting rights and transferability and restrictions based on duration of employment with the Company, Company performance and
individual performance; provided, however, that, except with respect to shares of Restricted Stock granted to Section 162(m) Participants, by action taken after the Restricted Stock is issued, the Administrator may, on such terms and
conditions as it may determine to be appropriate, remove any or all of the restrictions imposed by the terms of the Award Agreement. Restricted Stock shall be non–transferable until all restrictions are terminated or expire, other than for
transfers by will or the laws of descent and distribution. If no consideration was paid by the Holder upon issuance, a Holder’s rights in unvested Restricted Stock shall lapse, and such Restricted Stock shall be surrendered to the Company
without consideration, upon Termination of Employment or, if applicable, upon Termination of Consultancy with the Company; provided, however, that the Administrator in its sole and absolute discretion may provide that such rights shall not
lapse in the event of a Termination of Employment following a “change of ownership or control” (within the meaning of Treasury Regulation 

  
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 Section 1.162–27(e)(2)(v) or any successor regulation thereto) of the Company or because of the
Holder’s death or Disability; provided, further, except with respect to shares of Restricted Stock granted to Section 162(m) Participants, the Administrator in its sole and absolute discretion may provide that no such lapse or
surrender shall occur in the event of a Termination of Employment, or a Termination of Consultancy, without cause or following any change in control of the Company or because of the Holder’s retirement, or otherwise. 

7.5. Repurchase of Restricted Stock. The Administrator shall provide in the terms of each individual Award Agreement that the Company
shall have the right (but not the obligation) to repurchase from the Holder the Restricted Stock then subject to restrictions under the Award Agreement immediately upon a Termination of Employment, Termination of Consultancy or Termination of
Directorship; provided, however, that the Administrator in its sole and absolute discretion may provide at any time that no such right of repurchase shall exist in the event of a Termination of Employment following a “change of ownership
or control” (within the meaning of Treasury Regulation Section 1.162–27(e)(2)(v) or any successor regulation thereto) of the Company or because of the Holder’s death or Disability; provided, further, that, except with
respect to shares of Restricted Stock granted to Section 162(m) Participants, the Administrator in its sole and absolute discretion may provide that no such right of repurchase shall exist in the event of a Termination of Employment or a
Termination of Consultancy without cause or following any change in control of the Company or because of the Holder’s retirement, or otherwise. The Award Agreement shall provide that, with respect to Employees, the per share purchase price at
which the Company may repurchase shares of Restricted Stock shall be (a) not less than the Fair Market Value of the shares of Restricted Stock to be repurchased on the date of Termination of Employment and the repurchase right shall terminate
when the Company’s securities become publicly traded; or (b) the original purchase price; provided, however, the right to repurchase shares of Restricted Stock at the original purchase price shall lapse at the rate of at least
twenty percent (20%) of the shares per year over five (5) years from the date the right to purchase the shares of Restricted Stock was granted. The right to repurchase the shares of Restricted Stock must be exercised for cash or
cancellation of purchase money indebtedness for the shares of Restricted Stock within ninety (90) days of the date of Termination of Employment. In addition to the restrictions set forth in clauses (a) and (b), the securities held by an
officer, Independent Director or Consultant of the Company or a Subsidiary or Affiliate of the Company may be subject to additional or greater restrictions. 

7.6. Escrow. The Secretary of the Company or such other escrow holder as the Administrator may appoint shall retain physical custody of
each certificate representing shares of Restricted Stock until all of the restrictions imposed under the Award Agreement with respect to the shares evidenced by such certificate expire or shall have been removed. 

7.7. Legend. In order to enforce the restrictions imposed upon shares of Restricted Stock hereunder, the Administrator shall cause a
legend or legends to be placed on certificates representing all shares of Restricted Stock that are still subject to restrictions under Award Agreements, which legend or legends shall make appropriate reference to the conditions imposed thereby.

 7.8. Section 83(b) Election. If a Holder makes an election under Section 83(b) of the Code, or any successor section
thereto, to be taxed with respect to the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Holder would otherwise be taxable under Section 83(a) of the Code, the Holder shall
deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service. 
 ARTICLE VIII.

 PERFORMANCE AWARDS, DEFERRED STOCK, STOCK PAYMENTS 

8.1. Eligibility. Subject to the Award Limit, one or more Performance Awards, awards of Deferred Stock, and/or Stock Payments may be
granted to any Employee whom the Administrator determines is a key Employee or any Consultant whom the Administrator determines should receive such an Award. 

8.2. Performance Awards. Any key Employee or Consultant selected by the Administrator may be granted one or more Performance Awards.
The value of such Performance Awards may be linked to any one or more of the Performance Criteria or other specific performance criteria determined appropriate by the Administrator, in each case on a specified date or dates or over any period or
periods determined by the Administrator. In making such determinations, the Administrator shall consider (among such other factors as it deems relevant in light of the specific type of award) the contributions, responsibilities and other
compensation of the particular key Employee or Consultant. 
 
 8.3.
Stock Payments. Any key Employee or Consultant selected by the Administrator may receive Stock Payments in the manner determined from time to time by the Administrator. The number of shares shall be determined by the Administrator and may be
based upon the Performance Criteria or other specific performance criteria determined appropriate by the Administrator, determined on the date such Stock Payment is made or on any date thereafter. 

8.4. Deferred Stock. Any key Employee or Consultant selected by the Administrator may be granted an award of Deferred Stock in the
manner determined from time to time by the Administrator. The number of shares of Deferred Stock shall be determined by the Administrator and may be linked to the Performance Criteria or other specific performance criteria determined to be
appropriate by the Administrator, in each case on a specified date or dates or over any period or periods determined by the Administrator. Common Stock underlying a Deferred Stock award will not be issued until the Deferred Stock award has vested,
pursuant to a vesting schedule or performance criteria set by the Administrator. Unless otherwise provided by the Administrator, a Holder of Deferred Stock shall have no rights as a Company stockholder with respect to such Deferred Stock until such
time as the Award has vested and the Common Stock underlying the Award has been issued. 
 8.5. Term. The term of a Performance Award,
award of Deferred Stock and/or Stock Payment shall be set by the Administrator in its discretion. 
 8.6. Exercise or Purchase Price.
The Administrator may establish the exercise or purchase price of a Performance Award, shares of Deferred Stock, or shares received as a Stock Payment, all in accordance with applicable state law. 

  
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 8.7. Exercise Upon Termination of Employment, Termination of Consultancy or Termination of
Directorship. A Performance Award, award of Deferred Stock and/or Stock Payment is exercisable or payable only while the Holder is an Employee, Consultant or Independent Director, as applicable; provided, however, that the Administrator
in its sole and absolute discretion may provide that the Performance Award, award of Deferred Stock and/or Stock Payment may be exercised or paid subsequent to a Termination of Employment following a “change of control or ownership”
(within the meaning of Section 1.162–27(e)(2)(v) or any successor regulation thereto) of the Company; provided, further, that except with respect to Performance Awards granted to Section 162(m) Participants, the Administrator
in its sole and absolute discretion may provide that Performance Awards may be exercised or paid following a Termination of Employment or a Termination of Consultancy without cause, or following change in control of the Company, or because of the
Holder’s retirement, death or Disability, or otherwise. 
 8.8. Form of Payment. Payment of the amount determined under
Section 8.2 or 8.3 above shall be in cash, in Common Stock or a combination of both, as determined by the Administrator. To the extent any payment under this Article VIII is effected in Common Stock, it shall be made subject to
satisfaction of all provisions of Section 6.3. 
 8.9 Repurchase of Awarded Stock. The Administrator shall provide in the
terms of each individual Award Agreement that the Company shall have the right (but not the obligation) to repurchase from the Holder, in accordance with applicable law, the shares of stock awarded pursuant to any Performance Award, Deferred Stock
Award or Stock Payment (collectively, “Awarded Stock”) then subject to restrictions under the Award Agreement immediately upon a Termination of Employment, Termination of Consultancy or Termination of Directorship; provided,
however, that the Administrator in its sole and absolute discretion may provide at any time that no such right of repurchase shall exist in the event of a Termination of Employment following a “change of ownership or control” (within
the meaning of Treasury Regulation Section 1.162–27(e)(2)(v) or any successor regulation thereto) of the Company or because of the Holder’s death or Disability; provided, further, that, except with respect to shares of Awarded
Stock granted to Section 162(m) Participants, the Administrator in its sole and absolute discretion may provide that no such right of repurchase shall exist in the event of a Termination of Employment or a Termination of Consultancy without
cause or following any change in control of the Company or because of the Holder’s retirement, or otherwise. The Award Agreement shall provide that, with respect to Employees, the per share purchase price at which the Company may repurchase
shares of Awarded Stock shall be (a) not less than the Fair Market Value of the shares to be repurchased on the date of Termination of Employment and the repurchase right shall terminate when the Company’s securities become publicly
traded; or (b) the original purchase price; provided, however, the right to repurchase shares of Awarded Stock at the original purchase price shall lapse at the rate of at least twenty percent (20%) of the shares per year over five
(5) years from the date the right to purchase the securities was granted. The right to repurchase must be exercised for cash or cancellation of purchase money indebtedness for the shares within ninety (90) days of the date of Termination
of Employment. In addition to the restrictions set forth in clauses (a) and (b), the securities held by an officer, Independent Director or Consultant of the Company or a Subsidiary or Affiliate of the Company may be subject to additional or
greater restrictions. 
 ARTICLE IX. 

ADMINISTRATION 
 9.1.
Compensation Committee. Prior to the Company’s initial registration of Common Stock under Section 12 of the Exchange Act, the Compensation Committee shall consist of the Committee (or another Committee or subcommittee of the Board
appointed to perform the functions of the Compensation Committee under this Plan), or if no such Committee is chosen, the full Board shall serve as the Compensation Committee. Following such registration, the Compensation Committee (or another
Committee or a subcommittee of the Board assuming the functions of the Committee under the Plan) shall consist solely of two or more Independent Directors appointed by and holding office at the pleasure of the Board, each of whom is both a
“non–employee director” as defined by Rule 16b–3 and an “outside director” for purposes of Section 162(m) of the Code. Appointment of Committee members shall be effective upon acceptance of appointment. To the
extent not inconsistent with the Company’s bylaws, (i) members may resign at any time by delivering written notice to the Board; and (ii) vacancies in the Committee may be filled by the Board. 

9.2. Duties and Powers of Administrator and Committee. It shall be the duty of the Administrator or Committee to conduct the general
administration of the Plan in accordance with its provisions. The Committee shall have the power to interpret the Plan and the Award Agreements, and to adopt such rules for the administration, interpretation, and application of the Plan as are
consistent therewith, to interpret, amend or revoke any such rules and to amend any Award Agreement provided that the rights or obligations of the Holder of the Award that is the subject of any such Award Agreement are not affected adversely. Any
grant or award under the Plan need not be the same with respect to each Holder. Any such interpretations and rules with respect to Incentive Stock Options shall be consistent with the provisions of Section 422 of the Code. In its absolute
discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan except with respect to matters which under Rule 16b–3 or Section 162(m) of the Code, or any regulations or
rules issued thereunder, are required to be determined in the sole discretion of the Committee. Notwithstanding the foregoing, the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with
respect to Options granted to Independent Directors. 
 9.3. Majority Rule; Unanimous Written Consent. To the extent not inconsistent
with the Company’s bylaws, the Administrator shall act by a majority of its members in attendance at a meeting at which a quorum is present or by a memorandum or other written instrument signed by all members of the Administrator. 

9.4. Compensation; Professional Assistance; Good Faith Actions. Members of the Administrator shall receive such compensation, if any,
for their services as members as may be determined by the Board. All expenses and liabilities which members of the Administrator incur in connection with the administration of the Plan shall be borne by the Company. The Administrator may, with the
approval of the Board, employ attorneys, consultants, accountants, appraisers, brokers, or other persons. The Administrator, the Company and the Company’s officers and Directors shall be entitled to rely upon the advice, opinions or valuations
of any such persons. All actions taken and all interpretations and determinations made by the Administrator or the Board in good faith shall be final and binding upon all Holders, the Company and all other interested persons. No members of the
Administrator or Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or Awards, and all members of the Administrator and the Board shall be fully protected by the Company in
respect of any such action, determination or interpretation. 

  
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 9.5. Delegation of Authority to Grant Awards. The Administrator may, but need not,
delegate from time to time some or all of its authority to grant Awards under the Plan to a committee consisting of one or more members of the Board of Directors or of one or more officers of the Company; provided, however, that the
Administrator may not delegate its authority to grant Awards to individuals who are (i) subject on the date of the grant to the reporting rules under Section 16(a) of the Exchange Act; (ii) Section 162(m) Participants; or
(iii) officers of the Company who are delegated authority by the Administrator hereunder. Any delegation hereunder shall be subject to the restrictions and limits that the Administrator specifies at the time of such delegation of authority and
may be rescinded at any time by the Administrator. At all times, any Administrator appointed under this Section 10.5 shall serve in such capacity at the pleasure of the Administrator. 

ARTICLE X. 

MISCELLANEOUS PROVISIONS 

10.1. Not Transferable. No Award under the Plan may be sold, pledged, assigned or transferred in any manner other than by will or by
the laws of descent and distribution unless and until such Award has been exercised, or the shares underlying such Award have been issued, and all restrictions applicable to such shares have lapsed. In the event that the spouse of the Holder has or
shall have acquired a community property interest in an Award, the Holder (or such permitted successors in interest upon the Holder’s death) may exercise the Award on behalf of the spouse of the Holder, or such spouse’s successor in
interest. Until its receipt of written notice of a permitted passage or rights hereunder, the Company shall be entitled, for all purposes, to treat the Holder as the holder of the Award. No Award or interest or right therein shall be liable for the
debts, contracts or engagements of the Holder or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or
involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent
that such disposition is permitted by the preceding sentence. 
 During the lifetime of the Holder, only the Holder may exercise an Option
or other Award (or any portion thereof) granted to the Holder under the Plan. After the death of the Holder, any exercisable portion of an Option or other Award may, prior to the time when such portion becomes unexercisable under the Plan or the
applicable Award Agreement, be exercised by the Holder’s personal representative or by any person empowered to do so under the deceased Holder’s will or under the then applicable laws of descent and distribution. 

Notwithstanding the foregoing provisions of this Section 10.1, the Administrator, in its sole discretion, subject to applicable
securities laws, may determine to grant to any Holder an Option (other than an Incentive Stock Option) which, by its terms as set forth in the applicable Award Agreement, may be transferred by the Holder, in writing and with prior written notice to
the Administrator, by gift, without the receipt of any consideration, to a member of the Holder’s immediate family, as defined in Rule 16a–1 under the Exchange Act, or by instrument to an inter vivos or testamentary trust in which
the Option is to be passed to beneficiaries upon the death of the trustor (settlor) provided that an Option that has been so transferred shall continue to be subject to all of the terms and conditions of the Award as applicable to the original
Holder, and the transferee shall execute any and all such documents requested by the Administrator in connection with the transfer, including without limitation to evidence the transfer and to satisfy and requirements for an exemption for the
transfer under applicable federal and state securities laws. 
 10.2. Amendment, Suspension. Expiration or Termination of the Plan.
Except as otherwise provided in this Section 10.2, the Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator. However, without approval of the
Company’s stockholders given within twelve months before or after the action by the Administrator, no action of the Administrator may, except as provided in Section 10.3, increase the limits imposed in Section 2.1 on the
maximum number of shares which may be issued under the Plan. No amendment, suspension or termination of the Plan shall, without the consent of the Holder alter or impair any rights or obligations under any Award theretofore granted or awarded,
unless the Award itself otherwise expressly so provides. Unless earlier terminated as provided herein, the Plan shall expire ten (10) years from the date the Plan is adopted or the date the Plan is approved by the stockholders, whichever is
earlier. No Awards may be granted or awarded during any period of suspension or after termination of the Plan, and in no event may any Incentive Stock Option be granted under the Plan after the first to occur of the following events: 

(a) The expiration of ten (10) years from the date the Plan is originally adopted by IHS’s board of directors; or

 (b) The expiration of ten (10) years from the date the Plan is originally approved by IHS’s stockholders under
Section 10.4.  
 10.3. Changes in Common Stock or Assets of the Company, Acquisition or Liquidation of the Company and Other
Corporate Events. 
 (a) Subject to Section 10.3(d), in the event that the Administrator determines that any dividend or
other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split–up, spin–off,
combination, repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Common Stock or other securities of the Company, issuance of warrants or
other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event, in the Administrator’s sole discretion, affects the Common Stock such that an adjustment is determined by the
Administrator to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to an Award, then the Administrator shall, in such manner as it may deem
equitable, adjust any or all of 

  
 12 

 (i) the number and kind of shares of Common Stock (or other securities or
property) with respect to which Awards may be granted or awarded (including, but not limited to, adjustments of the limitations in Section 2.1 on the maximum number and kind of shares which may be issued and adjustments of the Award
Limit), 
 (ii) the number and kind of shares of Common Stock (or other securities or property) subject to outstanding
Awards, and 
 (iii) the grant or exercise price with respect to any Award. 

(b) Subject to Section 10.3(d), in the event of any transaction or event described in Section 10.3(a) or any unusual
or nonrecurring transactions or events affecting the Company, any affiliate of the Company, or the financial statements of the Company or any affiliate, or of changes in applicable laws, regulations, or accounting principles, the Administrator, in
its sole and absolute discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Holder’s
request, is hereby authorized to take any one or more of the following actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be
made available under the Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give effect to such changes in laws, regulations or principles: 

(i) To provide for either the purchase of any such Award for an amount of cash equal to the amount that could have been
attained upon the exercise of such Award or realization of the Holder’s rights had such Award been currently exercisable or payable or fully vested or the replacement of such Award with other rights or property selected by the Administrator in
its sole discretion; 
 (ii) To provide that the Award cannot vest, be exercised or become payable after such event; 

(iii) To provide that such Award shall be exercisable as to all shares covered thereby, notwithstanding anything to the
contrary in Section 5.3 or 5.4 or the provisions of such Award; 
 (iv) To provide that such Award be
assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof,
with appropriate adjustments as to the number and kind of shares and prices; 
 (v) To make adjustments in the number and
type of shares of Common Stock (or other securities or property) subject to outstanding Awards, and in the number and kind of outstanding Restricted Stock or Deferred Stock and/or in the terms and conditions of (including the grant or exercise
price), and the criteria included in, outstanding options, rights and awards and options, rights and awards which may be granted in the future; and 

(vi) To provide that, for a specified period of time prior to such event, the restrictions imposed under an Award Agreement
upon some or all shares of Restricted Stock or Deferred Stock may be terminated, and, in the case of Restricted Stock, some or all shares of such Restricted Stock may cease to be subject to repurchase under Section 7.5 or forfeiture
under Section 7.4 after such event. 
 (c) Subject to Sections 10.3(d), 3.2 and 3.3, the Administrator may, in its
discretion, include such further provisions and limitations in any Award, agreement or certificate, as it may deem equitable and in the best interests of the Company. 

(d) With respect to Awards which are granted to Section 162(m) Participants and are intended to qualify as performance–based
compensation under Section 162(m)(4)(C), no adjustment or action described in this Section 10.3 or in any other provision of the Plan shall be authorized to the extent that such adjustment or action would cause such Award to fail to
so qualify under Section 162(m)(4)(C), or any successor provisions thereto. No adjustment or action described in this Section 10.3 or in any other provision of the Plan shall be authorized to the extent that such adjustment or
action would cause the Plan to violate Section 422(b)(1) of the Code. Furthermore, no such adjustment or action shall be authorized to the extent such adjustment or action would result in short–swing profits liability under
Section 16 or violate the exemptive conditions of Rule 16b–3 unless the Administrator determines that the Award is not to comply with such exemptive conditions. The number of shares of Common Stock subject to any Award shall always
be rounded to the next whole number. 
 (e) The existence of the Plan, the Award Agreement and the Awards granted hereunder shall not affect
or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or
consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which
are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character
or otherwise. 
 10.4 Furnishing of Information. Recipients of Awards shall receive financial statements of the Company at least
annually; provided, however, such financial statements need not comply with Section 260.61 3 of the California Code of Regulations. Financial statements shall not be required if issuance of Awards is limited to key employees whose duties
in connection with the Company assure them access to equivalent information. 
 10.5 Approval of Plan by Stockholders. The Plan will
be submitted for the approval of the Company’s stockholders within twelve (12) months after the date of the Board’s initial adoption of the Plan. Awards may be granted or awarded prior to such stockholder approval, provided that such
Awards shall not be exercisable nor shall such Awards vest prior to the time when the Plan is approved by the stockholders, and provided further that if such approval has not been obtained at the end of said twelve–month period, all such Awards
under the Plan shall thereupon be canceled and become null and void. In addition, if the Board determines that Awards other than Options which may be granted to Section 162(m) Participants should continue to be eligible to qualify as
performance–based compensation under Section 162(m)(4)(C) of the Code, the Performance Criteria must be disclosed to and approved by the Company’s stockholders no later than the first stockholder meeting that occurs in the fifth
(5th) year following the year in which the Company’s stockholders previously approved the Performance Criteria. 

  
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 10.6 Tax Withholding. The Company shall be entitled to require payment in cash or
deduction from other compensation payable to each Holder of any sums required by federal, state or local tax law to be withheld with respect to the issuance, vesting, exercise or payment of any Award. The Administrator may in its discretion and in
satisfaction of the foregoing requirement allow such Holder to elect to have the Company withhold shares of Common Stock otherwise issuable under such Award (or allow the return of shares of Common Stock) having a Fair Market Value equal to the sums
required to be withheld. Notwithstanding any other provision of the Plan, the number of shares of Common Stock which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Holder
of such Award within six (6) months after such shares of Common Stock were acquired by the Holder from the Company) in order to satisfy the Holder’s federal and state income and payroll tax liabilities with respect to the issuance,
vesting, exercise or payment of the Award shall be limited to the number of shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding
rates for federal and state tax income and payroll tax purposes that are applicable to such supplemental taxable income. 
 10.7
Loans. The Administrator may, in its discretion, extend one or more loans to key Employees in connection with the exercise or receipt of an Award granted or awarded under the Plan, or the issuance of Restricted Stock or Deferred Stock awarded
under the Plan. The Administrator shall set the terms and conditions of any such loan. 
 10.8 Forfeiture Provisions; Leaves of
Absence. Pursuant to its general authority to determine the terms and conditions applicable to Awards under the Plan, the Administrator shall have the right, to the extent permitted by applicable law, to provide, in the terms of Awards made
under the Plan, or to require a Holder to agree by separate written instrument, that the Award shall be forfeited if (a) the Holder at any time, or during a specified time period, engages in any activity in competition with the Company, or
which is inimical, contrary or harmful to the interests of the Company, as further defined by the Administrator; or (b) the Holder incurs a Termination of Employment, Termination of Consultancy or Termination of Directorship for cause. The
vesting of an Award will be suspended for any leave of absence unless such suspension is prohibited by law. 
 10.9 Effect of Plan Upon
Options and Compensation Plans. The adoption of the Plan shall not affect any other compensation or incentive plans in effect for the Company or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company (a) to
establish any other forms of incentives or compensation for Employees, Directors or Consultants of the Company or any Subsidiary; or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any
proper corporate purpose including but not by way of limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation,
partnership, limited liability company, firm or association. 
 10.10 Compliance with Laws. The Plan, the granting and vesting of
Awards under the Plan and the issuance and delivery of shares of Common Stock and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all applicable federal and state laws, rules and
regulations (including, but not limited to, state and federal securities law and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary
or advisable in connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company, provide such assurances and representations to the
Company as the Company may deem necessary or desirable to assure compliance with all applicable legal requirements. To the extent permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent
necessary to conform to such laws, rules and regulations. 
 10.1 1 Titles. Titles are provided herein for convenience only and are
not to serve as a basis for interpretation or construction of the Plan. 
 10.12 Governing Law. The Plan and any agreements hereunder
shall be administered, interpreted and enforced under the internal laws of the State of Delaware without regard to conflicts of laws thereof. 

I hereby certify that the foregoing Plan was duly adopted by the Board of Directors of Team Health Holdings, Inc. on November 19, 2015.
Executed as of this 23rd day of November, 2015, effective on the 23rd day of November, 2015. 

 

			
	 /s/ Michael D. Snow

		
	By:	 	Michael D. Snow
	Title:	 	CEOEX-4.5

 Exhibit 4.5 

The Amended and Restated Team Health Holdings, Inc. 

2007 Equity Participation Plan 

(f/k/a IPC The Hospitalist Company, Inc. 2007 Equity Participation Plan) 

Section 1. 

Establishment, Purpose and Duration 

1.1 Effective Date and Purpose. Team Health Holdings, Inc., a Delaware corporation (the “Company), hereby adopts and assumes the
Amended and Restated Team Health Holdings, Inc. 2007 Equity Participation Plan (the “Plan”). The Plan is intended to attract and retain exceptionally qualified employees, consultants and directors upon whom, in large measure, the sustained
progress, growth and profitability of the Company depend. By encouraging employees, consultants and directors of the Company and its subsidiaries to acquire a proprietary interest in the Company’s growth and performance, the Company intends to
motivate employees, consultants and directors to achieve long-term Company goals and to more closely align such persons’ interests with those of the Company’s other stockholders. The Plan was approved by the Board on November 19, 2015
and is effective as of November 23, 2015 (the “Effective Date”), subject to approval by the Company’s stockholders. 

1.2 Duration of the Plan. The Plan commenced on July 19, 2007 and shall remain in effect, subject to the right of the Board
of Directors of the Company to amend or terminate the Plan at any time pursuant to Section 15 hereof, until the earlier to occur of (a) the date all Shares subject to the Plan shall have been purchased or acquired and the Restrictions on
all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions, and (b) July 19, 2017. The termination of the Plan shall not adversely affect any Awards outstanding on the date of such termination.
 
 Section 2. 

Definitions 
 As used in the
Plan, in addition to terms elsewhere defined in the Plan, the following terms shall have the meanings set forth below: 
 2.1
“Annual Incentive Award” means a performance bonus determined under Section 12. 
 2.2 “Award” means
any Option (including Non-Qualified Stock Options and Incentive Stock Options), Stock Appreciation Right, Restricted Stock, Share, Restricted Stock Unit, Deferred Stock, Performance Unit, Substitute Award, Dividend Equivalent or Annual Incentive
Award. 
 2.3 “Award Agreement” means any written agreement, contract, or other instrument or document evidencing any Award
granted hereunder between the Company and the Grantee. 
 2.4 “Beneficiary” means the Person designated to receive Plan
benefits, if any, following the Grantee’s death in accordance with Section 16. 
 2.5 “Board” means the Board of
Directors of the Company. 
 2.6 “Bonus Opportunity” means a Grantee’s threshold, target and maximum bonus opportunity
for a Year, provided that such bonus opportunity shall be either (i) to the extent that the Grantee has entered into an employment agreement with the Company, the threshold, target and maximum bonus levels, if any, specified in the employment
agreement for such Year based on the Grantee’s base salary in effect on the first day of such Year, or (ii) if there is no employment agreement in effect between the Company and the Grantee as of the first day of such Year or if the
employment agreement does not specify such bonus levels, the percentage of such Grantee’s base salary in effect on the first day of such Year (or such later date as such person is designated as a Grantee) as determined by the Committee in its
sole discretion within the first ninety (90) days of such Year (or before such later date as such person is designated as a Grantee). 

2.7 “Cause” means, as determined by the Committee, the occurrence of any one of the following: (a) any act of
dishonesty, willful misconduct, gross negligence, intentional or conscious abandonment or neglect of duty; (b) commission of a criminal activity, fraud or embezzlement; (c) any unauthorized disclosure or use of confidential information or
trade secrets; or (d) any violation of any restrictive covenant, such as a non-compete, non-solicit or non-disclosure agreement, between an Eligible Person and any Employer; provided, however, that in the event a Grantee is a
party to an employment agreement with the Company or a Subsidiary that contains a different definition of Cause, the definition of Cause contained in such employment agreement shall be controlling. 

  
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 2.8 “Change in Control” means, with respect to Awards other than Deferred
Compensation Awards, the occurrence of any one or more of the following: (i) the acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of more than fifty percent (50%) of the
outstanding voting Shares; provided, however, a Change in Control shall not be deemed to occur solely because more than fifty percent (50%) of the outstanding voting Shares is acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or any of its subsidiaries, or (B) any Person which, immediately prior to such acquisition, is owned directly or indirectly by the stockholders of the Company in
approximately the same proportion as their ownership of voting Shares immediately prior to such acquisition; (ii) a merger, consolidation or other reorganization involving the Company if the stockholders of the Company and their affiliates,
immediately before such merger, consolidation or other reorganization, do not, as a result of such merger, consolidation, or other reorganization, own directly or indirectly, more than fifty percent (50%) of the combined voting power of the
then outstanding voting shares of the Person resulting from such merger, consolidation or other reorganization; (iii) a complete liquidation or dissolution of the Company; or (iv) the sale or other disposition of all or substantially all
of the assets of the Company and its subsidiaries determined on a consolidated basis. Notwithstanding the foregoing, unless otherwise provided in an Award Agreement, an initial public offering of the Shares of the Company (an “IPO”) shall
not constitute a Change in Control for purposes of the Plan or any Award Agreement hereunder. 
 “Change in Control” means, with
respect to Deferred Compensation Awards, the occurrence of one or more of any of the following: 
 (a) A Change in the Ownership of the
Company. A change in ownership of the Company shall occur on the date that any one Person, or more than one Person acting as a “Group” (as defined below), acquires ownership of stock of the Company that, together with stock held by such
Person or Group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company; provided, however, that, if any one Person, or more than one Person acting as a Group, is considered to own more than
50% of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same Person or Persons is not considered to cause a change in the ownership of the Company. 

(b) A Change in the Effective Control of the Company. A change in the effective control of the Company occurs on the date that any one Person,
or more than one Person acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person or Persons) ownership of stock of the Company possessing 50% or more of the total voting
power of the stock of the Company; provided, however, that, if any one Person, or more than one Person acting as a Group, is considered to effectively control the Company, the acquisition of additional control of the Company by the same
Person or Persons is not considered a change in the effective control of the Company. 
 (c) A Change in the Ownership of a Substantial
Portion of the Company’s Assets. A change in the ownership of a substantial portion of the Company’s assets occurs on the date that any one Person, or more than one Person acting as a Group, acquires (or has acquired during the 12-month
period ending on the date of the most recent acquisition by such Person or Persons) assets from the Company that have a total Gross Fair Market Value (as defined below) equal to or more than 50% of the total Gross Fair Market Value of all of the
assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that, a transfer of assets by the Company is not treated as a change in the ownership of such assets if the assets are transferred to: 

(i) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock; 

(ii) an entity, 50% or more of the total Fair Market Value or voting power of which is owned, directly or indirectly, by the
Company; 
 (iii) a Person, or more than one Person acting as a Group, that owns, directly or indirectly, 50% or more of the
total Fair Market Value or voting power of all the outstanding stock of the Company; or 
 (iv) an entity, at least 50% of
the total Fair Market Value or voting power of which is owned, directly or indirectly, by a Person described in clause (iii) of this paragraph 2.8(c). 

For purposes of this definition, Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being
disposed of, determined without regard to any liabilities associated with such assets. 
 For purposes of this definition, “Group”
shall have the meaning ascribed to such term in Treas. Reg. Sections 1.409A-3(i)(5)(v)(B), (vi)(D) or (vii)(C), as applicable. 

  
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 For all purposes of the latter definition of Change in Control that applies to Deferred
Compensation Awards, stock ownership is determined under Code Section 409A. This latter definition of Change in Control is intended to comply with Code Section 409A for purposes of payment of any Deferred Compensation Awards. Accordingly,
any interpretation or determination of the Committee regarding the payment of such Deferred Compensation Awards in connection with a Change in Control shall take into account any applicable guidance and regulations under Code Section 409A. 

2.9 “Code” means the Internal Revenue Code of 1986 (and any successor thereto), as amended from time to time. References to a
particular section of the Code include references to regulations and rulings thereunder and to successor provisions. 
 2.10
“Committee” has the meaning set forth in Section 3.1(a). 
 2.11 “Common Stock” means common stock,
par value $.01 per share, of the Company. 
 2.12 “Company” means Team Health Holdings, Inc., a Delaware corporation, or
its successor 
 2.13 “Covered Employee” means a Grantee who, as of the last day of the fiscal year in which the value of
an Award is includable in income for federal income tax purposes, is one of the group of “covered employees,” within the meaning of Code Section 162(m), with respect to the Company. 

2.14 “Deferred Compensation Award” means an Award that could be subject to liability under Code Section 409A and does
not qualify for an exemption from Code Section 409A coverage. 
 2.15 “Deferred Stock” means a right, granted as an
Award under Section 10, to receive payment in the form of Shares (or measured by the value of Shares) at the end of a specified deferral period. 

2.16 “Disability” means a Grantee’s inability 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 twelve (12) months, as determined by the Committee. 

2.17 “Dividend Equivalent” means any right to receive payments equal to dividends or property, if and when paid or
distributed, on Shares or Restricted Stock Units. 
 2.18 “Effective Date” has the meaning set forth in Section 1.1.

 2.19 “Eligible Person” means any employee of an Employer, non-employee director of the Company, or consultant engaged by
an Employer. 
 2.20 “Employer” means the Company or any Subsidiary. 

2.21 “Exchange Act” means the Securities and Exchange Act of 1934, as amended, or any successors thereto, and the rules and
regulations promulgated thereunder, all as shall be amended from time to time. 
 2.22 “Exercise Date” means the date the
holder of an Award that is subject to exercise delivers notice of such exercise to the Company, accompanied by such payment, attestations, representations and warranties or other documentation as required hereunder, under the applicable Award
Agreement or as the Committee may otherwise specify. 
 2.23 “Fair Market Value” means, as of any applicable date,
(a) the closing sales price for one Share on such date as reported on the New York Stock Exchange or, if the foregoing does not apply, on such other market system or stock exchange on which the Company’s Common Stock is then listed or
admitted to trading, or on the last previous day on which a sale was reported if no sale of a Share was reported on such date, or (b) if the foregoing subsection (a) does not apply, the fair market value of a Share as reasonably determined
in good faith by the Board in accordance with Code Section 409A. For purposes of subsection (b), the determination of such Fair Market Value by the Board will be made no less frequently than every twelve (12) months and will either
(x) use one of the safe harbor methodologies permitted under Treasury Regulation Section 1.409-1(b) (5)(iv)(B)(2) (or such other similar final regulation provision as may be provided) or (y) include, as applicable, the value of
tangible and intangible assets of the Company, the present value of future cash flows of the Company, the market value of stock or other equity interests in similar corporations and other entities engaged in trades or businesses substantially
similar to those engaged in by the Company, the value of which can be readily determined through objective means (such as through trading prices or an established securities market or an amount paid in an arms’ length private transaction), and
other relevant factors such as control premiums or discounts for lack of marketability and whether the valuation method is used for other purposes that have a material economic effect on the Company, its stockholders or its creditors. 

  
 3 

 2.24 “Grant Date” means the date on which an Award is granted, which date may be
specified in advance by the Committee. 
 2.25 “Grantee” means an Eligible Person who has been granted an Award. 

2.26 “IHS” means Intrepid Healthcare Services, Inc. (f/k/a IPC Healthcare, Inc.), a Delaware corporation. 

2.27 “Incentive Stock Option” means an Option granted under Section 6 that is intended to meet the requirements of Code
Section 422. 
 2.28 “including” or “includes” means “including, but not limited to,” or
“includes, but is not limited to,” respectively. 
 2.29 “Merger Date” means the date upon which the transaction
contemplated by the Agreement and Plan of Merger, by and among Team Health Holdings, Inc., Intrepid Merger Sub, Inc., and IPC Healthcare, Inc., dated as of August 4, 2015, is consummated. 

2.30 “Non-Qualified Stock Option” means an Option granted under Section 6 that is not intended to be an Incentive Stock
Option. 
 2.31 “Option” means an Incentive Stock Option or Non-Qualified Stock Option. 

2.32 “Option Price” means the price at which a Share may be purchased by a Grantee pursuant to an Option. 

2.33 “Performance-Based Exception” means the performance-based exception from the tax deductibility limitations of Code
Section 162(m) contained in Code Section 162(m)(4)(C) (including the special provision for options thereunder). 
 2.34
“Performance Goal” means the objective or subjective criteria determined by the Committee, the degree of attainment of which will affect (a) in the case of an Award other than an Annual Incentive Award, the amount of the Award
the Grantee is entitled to receive or retain, and (b) in the case of an Annual Incentive Award, the portion of the individual’s Bonus Opportunity potentially payable as an Annual Incentive Award. Performance Goals may contain threshold,
target and maximum levels of achievement and, to the extent the Committee intends an Award (including an Annual Incentive Award) to comply with the Performance-Based Exception, the Performance Goals shall be chosen from among the Performance
Measures set forth in Section 4.4(a). 
 2.35 “Performance Measures” has the meaning set forth in Section 4.4(a).

 2.36 “Performance Period” means that period established by the Committee at the time any Performance Unit is granted or
at any time thereafter during which any performance goals specified by the Committee with respect to such Award are to be measured. 
 2.37
“Performance Unit” means any grant pursuant to Section 11 of (i) a bonus consisting of cash or other property the amount or value of which, and/or the entitlement to which, is conditioned upon the attainment of any
performance goals specified by the Committee, or (ii) a unit valued by reference to a designated amount of property other than Shares. 

2.38 “Person” means any individual, sole proprietorship, corporation, partnership, joint venture, limited liability company,
association, joint-stock company, trust, unincorporated organization, institution, public benefit corporation, entity or government instrumentality, division, agency, body or department. 

2.39 “Restricted Stock” means any Share issued as an Award under the Plan that is subject to Restrictions. 

2.40 “Restricted Stock Unit” or “RSU” means the right granted as an Award under the Plan to receive a Share,
conditioned on the satisfaction of Restrictions imposed by the Committee, which Restrictions may be time-based, performance-based or based upon the occurrence of one or more events or conditions. 

2.41 “Restrictions” means any restriction on a Grantee’s free enjoyment of the Shares or other rights underlying Awards,
including (a) that the Grantee or other holder may not sell, transfer, pledge, or assign a Share or right, and (b) such other restrictions as the Committee may impose in the Award Agreement (including any restriction on the right to vote
such Share and the right to receive any dividends). Restrictions may be based upon the passage of time or the 

  
 4 

 
satisfaction of performance criteria or the occurrence of one or more events or conditions, and shall lapse separately or in combination upon such conditions and at such time or times, in
installments or otherwise, as the Committee shall specify. Awards subject to a Restriction shall be forfeited if the Restriction does not lapse prior to such date or the occurrence of such event or the satisfaction of such other criteria as the
Committee shall determine. 
 2.42 “Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act, as amended
from time to time, together with any successor rule. 
 2.43 “SEC” means the United States Securities and Exchange
Commission, or any successor thereto. 
 2.44 “Section 16 Non-Employee Director” means a member of the Board who satisfies
the requirements to qualify as a “non-employee director” under Rule 16b-3. 
 2.45 “Section 16 Person” means a
person who is subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions involving equity securities of the Company. 

2.46 “Settlement Date” means the payment date for Restricted Stock Units or Deferred Stock, as set forth in
Section 9.3(b) or 10.4(c), as applicable. 
 2.47 “Share” means a share of the Common Stock of the Company. 

2.48 “Stock Appreciation Right” or “SAR” means a right granted as an Award under the Plan to receive, as of the
date specified in the Award Agreement, an amount equal to the number of Shares with respect to which the SAR is exercised, multiplied by the excess of (a) the Fair Market Value of one Share on the Exercise Date over (b) the Strike Price.

 2.49 “Strike Price” means the per Share price used as the baseline measure for the value of an SAR, as specified in the
applicable Award Agreement. 
 2.50 “Subsidiary” means any Person that directly, or through one (1) or more
intermediaries, is controlled by the Company and that would be treated as part of a single controlled group of corporations with the Company under Sections 414(b) and 414(c) of the Code if the language “at least 50 percent” is used instead
of “at least 80 percent” each place it appears in Code Sections 1563(a)(1), (2) and (3) and Treasury Regulation Section 1.414(c)-2. 

2.51 “Substitute Award” has the meaning set forth in Section 5.6. 

2.51 “Term” means the period beginning on the Grant Date of an Option or SAR and ending on the date such Option or SAR
expires, terminates or is cancelled. 
 2.52 “Termination of Service” occurs (i) on the first day on which an
individual is for any reason no longer providing services to an Employer in the capacity of an employee, director or consultant or (ii) with respect to an individual who is an employee or consultant to a Subsidiary, the first day on which such
entity ceases to be a Subsidiary of the Company and such individual is no longer providing services to the Company or another Subsidiary; provided, however, that the Committee shall have the discretion to determine when a Grantee, who terminates
services as an employee, but continues to provide services in the capacity of a consultant immediately following such termination, has incurred a Termination of Service. Notwithstanding the foregoing, in the case of any Deferred Compensation Award,
Termination of Service shall mean a “separation from service” within the meaning of Code Section 409A or as otherwise set forth in an Award Agreement or deferral election form pursuant to the Plan. 

2.53 “Year” means a calendar year. 

Section 3. 

Administration 
 3.1
Committee. Subject to Section 3.2, the Plan shall be administered by the Compensation Committee of the Board unless otherwise determined by the Board (the “Committee”). The members of the Committee shall be appointed by
the Board from time to time and may be removed by the Board from time to time. To the extent the Board considers it desirable to comply with Rule 16b-3 or meet the Performance-Based Exception, the Committee shall consist of two or more directors of
the Company, all of whom qualify as “outside directors” within the meaning of Code Section 162(m) and Section 16 Non-Employee Directors. The number of members of the Committee shall from time to time be increased or decreased,
and shall be subject to such conditions, in each case if and to the extent the Board deems it appropriate to permit transactions in Shares pursuant to the Plan to satisfy such conditions of Rule 16b-3 and the Performance-Based Exception as then in
effect. 

  
 5 

 3.2 Powers of the Committee. Subject to and consistent with the provisions of the Plan,
the Committee shall have full power and authority and sole discretion as follows: 
 (a) to determine when, to whom (i.e., what
Eligible Persons) and in what types and amounts Awards should be granted; 
 (b) to grant Awards to Eligible Persons in any number, and to
determine the terms and conditions applicable to each Award (including conditions intended to comply with Code Section 409A, the number of Shares or the amount of cash or other property to which an Award will relate, any Option Price or Strike
Price, grant price or purchase price, any limitation or Restriction, any schedule for or performance conditions relating to the earning of the Award or the lapse of limitations, forfeiture restrictions, restrictive covenants, restrictions on
exercisability or transferability, any performance goals, including those relating to the Company and/or a Subsidiary and/or any division thereof and/or an individual, and/or vesting based on the passage of time, based in each case on such
considerations as the Committee shall determine); 
 (c) to determine the benefit (including any Bonus Opportunity) payable under any Award
and to determine whether any performance or vesting conditions, including Performance Measures or Performance Goals, have been satisfied; 

(d) to determine whether or not specific Awards shall be granted in connection with other specific Awards; 

(e) to determine the Term, as applicable; 

(f) to determine the amount, if any, that a Grantee shall pay for Restricted Stock, whether to permit or require the payment of cash dividends
thereon to be deferred and the terms related thereto, when Restricted Stock (including Restricted Stock acquired upon the exercise of an Option) shall be forfeited and whether such Shares shall be held in escrow or other custodial arrangement; 

(g) to 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, Shares, other Awards or other property, or an Award may be accelerated, vested, canceled, forfeited or surrendered or any terms of the Award may be waived, and to accelerate the exercisability of, and to accelerate or waive any or all
of the terms and conditions applicable to, any Award or any group of Awards for any reason and at any time or to extend the period subsequent to the Termination of Service within which an Award may be exercised; 

(h) to determine with respect to Awards granted to Eligible Persons, whether, to what extent and under what circumstances cash, Shares, other
Awards, other property and other amounts payable with respect to an Award will be deferred, either at the election of the Grantee or if and to the extent specified in the Award Agreement automatically or at the election of the Committee (for
purposes of limiting loss of deductions pursuant to Code Section 162(m) or otherwise) and to provide for the payment of interest or other rate of return determined with reference to a predetermined actual investment or independently set
interest rate, or with respect to other bases permitted under Code Sections 162(m), 409A or otherwise, for the period between the date of exercise and the date of payment or settlement of the Award; 

(i) to make, amend, suspend, waive and rescind rules and regulations relating to the Plan; 

(j) to appoint such agents as the Committee may deem necessary or advisable to administer the Plan; 

(k) to determine the terms and conditions of all Award Agreements applicable to Eligible Persons (which need not be identical) and, with the
consent of the Grantee (except as provided in this Section 3.2(k) and Sections 5.5 and 15.2), to amend any such Award Agreement at any time; provided that the consent of the Grantee shall not be required for any amendment (i) which
does not adversely affect the rights of the Grantee, or (ii) which is necessary or advisable (as determined by the Committee) to carry out the purpose of the Award as a result of any new applicable law or regulation or change in an existing
applicable law or regulation or interpretation thereof, or (iii) to the extent the Award Agreement specifically permits amendment without consent; 

(l) to impose such additional terms and conditions upon the grant, exercise or retention of Awards as the Committee may, before or
concurrently with the grant thereof, deem appropriate, including limiting the percentage of Awards which may from time to time be exercised by a Grantee, and including requiring the Grantee to enter into restrictive covenants; 

  
 6 

 (m) to correct any defect or supply any omission or reconcile any inconsistency, and to construe
and interpret the Plan, the rules and regulations, and Award Agreement or any other instrument entered into or relating to an Award under the Plan; 

(n) to take any other action with respect to any matters relating to the Plan for which it is responsible and to make all other decisions and
determinations, including factual determinations, as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the administration of the Plan; 

(o) to determine whether a Grantee has a Disability; and 

(p) to determine whether and under what circumstances a Grantee has incurred a Termination of Service (e.g., whether Termination of
Service was for Cause). 
 Any action of the Committee with respect to the Plan shall be final, conclusive and binding on all Persons,
including the Company, its Subsidiaries, any Grantee, any Eligible Person, any Person claiming any rights under the Plan from or through any Grantee, and stockholders, except to the extent the Committee may subsequently modify, or take further
action not consistent with, its prior action. If not specified in the Plan, the time at which the Committee must or may make any determination shall be determined by the Committee, and any such determination may thereafter be modified by the
Committee. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. 

All determinations of the Committee shall be made by a majority of its members; provided that any determination affecting any Awards
made or to be made to a member of the Committee may, at the Board’s election, be made by the Board. 
 Section 4. 

Shares Subject to the Plan and Adjustments 

4.1 Number of Shares Available for Grants. 

(a) No Awards shall be granted under the Plan after the Merger Date. The 1,296,322 Shares of Common Stock subject to Awards that are
outstanding as of the Merger Date shall be the only Awards subject to and governed by the terms and conditions of the Plan following the Merger Date. 

(b) The Committee shall from time to time determine the appropriate methodology for calculating the number of Shares that have been delivered
pursuant to the Plan. Shares delivered pursuant to the Plan may be, in whole or in part, authorized and unissued Shares, or treasury Shares, including Shares repurchased by the Company for purposes of the Plan. 

(c) The maximum number of shares of Common Stock that may be issued under the Plan in this Section 4.1 shall not be affected by
(i) the payment in cash of dividends or Dividend Equivalents in connection with outstanding Awards; or (ii) any Shares required to satisfy Substitute Awards. 

4.2 Adjustments in Authorized Shares and Awards. 

(a) In the event that the Committee determines that any dividend or other distribution (whether in the form of cash, Shares, or other
securities or property), stock split or combination, forward or reverse merger, reorganization, subdivision, consolidation or reduction of capital, recapitalization, consolidation, scheme of arrangement, split-up, spin-off or combination involving
the Company or repurchase or exchange of Shares, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares such that an adjustment is determined by
the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of:
(a) the number and type of Shares (or other securities or property) with respect to which Awards may be granted, (b) the number and type of Shares (or other securities or property) subject to outstanding Awards, (c) the grant or
exercise price with respect to any Award or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award, (d) the number and kind of Shares of outstanding Restricted Stock or relating to any other outstanding
Award in connection with which Shares are subject, and (e) the number of Shares with respect to which Awards may be granted to a Grantee; provided, in each case, that with respect to Awards of Incentive Stock Options intended to continue
to qualify as Incentive Stock Options after such adjustment, no such adjustment shall be authorized to the extent that such adjustment would cause the Incentive Stock Option to fail to continue to qualify under Section 424(a) of the Code; and
provided further that the number of Shares subject to any Award denominated in Shares shall always be a whole number, unless otherwise determined by the Committee. 

(b) Notwithstanding Section 4.2(a), any adjustments made pursuant to Section 4.2(a) shall be made in such a manner as to ensure that
after such adjustment, the Awards continue not to be deferred compensation subject to Code Section 409A (or if such Awards are already subject to Code Section 409A, so as not to give rise to liability under Code Section 409A). 

  
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 4.3 Compliance With Code Section 162(m). 

(a) Section 162(m) Compliance. To the extent the Committee determines that compliance with the Performance-Based Exception is
desirable with respect to an Award, Sections 4.3 and 4.4 shall apply. In the event that changes are made to Code Section 162(m) to permit flexibility with respect to any Awards available under the Plan, the Committee may, subject to this
Section 4.3, make any adjustments to such Awards as it deems appropriate. 
 (b) Annual Individual Limitations. No Grantee may
be granted Awards for Options, SARs, Restricted Stock, Deferred Stock, Restricted Stock Units or Performance Units (or any other Award which is determined by reference to the value of Shares or appreciation in the value of Shares) with respect to a
number of Shares in any one (1) calendar year which, when added to any other Award denominated in Shares granted to such Grantee in the same calendar year, shall exceed three million (3,000,000) Shares. If an Award denominated in Shares is
cancelled, the Shares subject to the cancelled Award continue to count against the maximum number of Shares which may be granted to a Grantee in any calendar year. All Shares specified in this Section 4.3(b) shall be adjusted to the extent
necessary to reflect adjustments to Shares required by Section 4.2. No Grantee may be granted a cash Award in any one (1) calendar year, the maximum payout for which, when added to the maximum payout for all other cash Awards granted to
such Grantee in the same calendar year, shall exceed $3,000,000. 
 4.4 Performance Based Exception Under Section 162(m). 

(a) Performance Measures. Subject to Section 4.4(d), unless and until the Committee proposes for stockholder vote and stockholders
approve a change in the general Performance Measures set forth in this Section 4.4(a), for Awards (other than Options and SARs) designed to qualify for the Performance-Based Exception, the objective performance criteria shall be based upon one
or more of the following (each a “Performance Measure”): 
 (i) Earnings before interest, tax, depreciation or
amortization (“EBITDA”) (actual and adjusted and either in the aggregate or on a per-Share basis); 
 (ii) Earnings
(either in the aggregate or on a per-Share basis); 
 (iii) Net income or loss (either in the aggregate or on a per-Share
basis); 
 (iv) Operating profit; 

(v) Growth or rate of growth in cash flow; 

(vi) Cash flow provided by operations (either in the aggregate or on a per-Share basis); 

(vii) Free cash flow (either in the aggregate on a per-Share basis); 

(viii) Costs; 

(ix) Gross revenues; 

(x) Reductions in expense levels; 

(xi) Operating and maintenance cost management and employee productivity; 

(xii) Stockholder returns (including return on assets, investments, equity, or gross sales); 

(xiii) Return measures (including return on assets, equity, or sales); 

(xiv) Growth or rate of growth in return measures; 

(xv) Share price (including growth measures and total stockholder return or attainment by the Shares of a specified value for a
specified period of time); 
 (xvi) Net economic value; 

(xvii) Economic value added; 

(xviii) Aggregate product unit and pricing targets; 

(xix) Strategic business criteria, consisting of one or more objectives based on meeting specified revenue, market share,
market penetration, geographic business expansion goals, objectively identified project milestones, production volume levels, cost targets, and goals relating to acquisitions or divestitures; 

(xx) Achievement of business or operational goals such as market share and/or business development; 

  
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 (xxi) Achievement of diversity objectives; 

(xxii) Results of customer satisfaction surveys; and/or 

(xxiii) Debt ratings, debt leverage and debt service; 

provided that applicable Performance Measures may be applied on a pre- or post-tax basis; and provided further that the Committee may, on the
Grant Date of an Award intended to comply with the Performance-Based Exception, and in the case of other Awards, at any time, provide that the formula for such Award may include or exclude items to measure specific objectives, such as losses from
discontinued operations, extraordinary gains or losses, the cumulative effect of accounting changes, acquisitions or divestitures, foreign exchange impacts and any unusual, nonrecurring gain or loss. 

(b) Flexibility in Setting Performance Measures. For Awards intended to comply with the Performance-Based Exception, the Committee
shall set the Performance Measures within the time period prescribed by Section 162(m) of the Code. The levels of performance required with respect to Performance Measures may be expressed in absolute or relative levels and may be based upon a
set increase, set positive result, maintenance of the status quo, set decrease or set negative result. Performance Measures may differ for Awards to different Grantees. The Committee shall specify the weighting (which may be the same or different
for multiple objectives) to be given to each performance objective for purposes of determining the final amount payable with respect to any such Award. Any one or more of the Performance Measures may apply to the Grantee, a department, unit,
division or function within the Company or any one or more Subsidiaries; and may apply either alone or relative to the performance of other businesses or individuals (including industry or general market indices). 

(c) Adjustments. The Committee shall have the discretion to adjust the determinations of the degree of attainment of the
pre-established performance goals; provided, however, that Awards which are designed to qualify for the Performance-Based Exception may not (unless the Committee determines to amend the Award so that it no longer qualified for the
Performance-Based Exception) be adjusted upward (the Committee shall retain the discretion to adjust such Awards downward). The Committee may not, unless the Committee determines to amend the Award so that it no longer qualifies for the
Performance-Based Exception, delegate any responsibility with respect to Awards intended to qualify for the Performance-Based Exception. All determinations by the Committee as to the achievement of the Performance Measure(s) shall be in writing
prior to payment of the Award. 
 (d) Changes to Performance Measures. In the event that applicable laws, rules or regulations change
to permit Committee discretion to alter the governing Performance Measures without obtaining stockholder approval of such changes, and still qualify for the Performance-Based Exception, the Committee shall have sole discretion to make such changes
without obtaining stockholder approval. 
 Section 5. 

Eligibility and General Conditions of Awards 

5.1 Eligibility. The Committee may in its discretion grant Awards to any Eligible Person, whether or not he or she has previously
received an Award. 
 5.2 Award Agreement. To the extent not set forth in the Plan, the terms and conditions of each Award shall be
set forth in an Award Agreement. 
 5.3 General Terms and Termination of Service. Except as provided in an Award Agreement or as
otherwise provided below in this Section 5.3, all Options or SARs that have not been exercised, or any other Awards that remain subject to Restrictions or which are not otherwise vested or exercisable, at the time of a Termination of Service
shall be cancelled and forfeited to the Company. Any Restricted Stock that is forfeited by the Grantee upon Termination of Service shall be reacquired by the Company, and the Grantee shall sign any document and take any other action required to
assign such Shares back to the Company. 
 (a) Options and SARS. Except as otherwise provided in an Award Agreement: 

(i) If the Grantee incurs a Termination of Service due to his or her death or Disability, the Options or SARs may thereafter be
exercised, to the extent they were vested and exercisable at the time of such Termination of Service, for a period of one (1) year from the date of such Termination of Service (but not beyond the original Term). To the extent the Options or
SARs are not exercised at the end of such one-year period, the Options or SARs shall be immediately cancelled and forfeited to the Company. To the extent the Options and SARs are not vested and exercisable at the date of such Termination of Service,
they shall be immediately cancelled and forfeited to the Company. 

  
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 (ii) If the Grantee incurs a Termination of Service for Cause, all Options and
SARs shall be immediately cancelled and forfeited to the Company. 
 (iii) If the Grantee incurs a Termination of Service
either without Cause or due to a reason other than his or her death or Disability, the Options and SARs may thereafter be exercised, to the extent they were vested and exercisable at the time of such Termination of Service, for a period of ninety
(90) days from the date of such Termination of Service (but not beyond the original Term). To the extent the Options or SARs are not exercised at the end of such sixty day period, the Options or SARs shall be immediately cancelled and forfeited
to the Company. To the extent the Options and SARs are not vested and exercisable at the date of such Termination of Service, they shall be immediately cancelled and forfeited to the Company. 

(b) Dividend Equivalents. If Dividend Equivalents have been credited with respect to any Award and such Award (in whole or in part) is
forfeited, all Dividend Equivalents issued in connection with such forfeited Award (or portion of an Award) shall also be forfeited to the Company. 

(c) Waiver by Committee. Notwithstanding the foregoing provisions of this Section 5.3, the Committee may in its sole discretion as
to all or part of any Award as to any Grantee, at the time the Award is granted or thereafter, determine that Awards shall become exercisable or vested upon a Termination of Service, determine that Awards shall continue to become exercisable or
vested in full or in installments after Termination of Service, extend the period for exercise of Options or SARs following Termination of Service (but not beyond the original Term), or provide that any Award shall in whole or in part not be
forfeited upon such Termination of Service. Notwithstanding the preceding sentence, the Committee shall not have the authority under this Section 5.3(d) to take any action with respect to an Award to the extent that such action would cause an
Award that is not intended to be deferred compensation subject to Code Section 409A to be subject thereto (or if such Awards are already subject to Code Section 409A, so as not to give rise to liability under Code Section 409A). 

5.4 Nontransferability of Awards. 

(a) Each Award and each right under any Award shall be exercisable only by the Grantee during the Grantee’s lifetime, or, if permissible
under applicable law, by the Grantee’s guardian or legal representative. 
 (b) No Award (prior to the time, if applicable, Shares are
delivered in respect of such Award), and no right under any Award, may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Grantee other than by will or by the laws of descent and distribution (or, in the case
of Restricted Stock, to the Company), and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Subsidiary; provided that the designation of a
Beneficiary to receive benefits in the event of the Grantee’s death shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance for purposes of this Section 5.4(b). If so determined by the Committee, a
Grantee may, in the manner established by the Committee, designate a Beneficiary or Beneficiaries to exercise the rights of the Grantee, and to receive any distribution with respect to any Award upon the death of the Grantee. A transferee,
Beneficiary, guardian, legal representative or other person claiming any rights under the Plan from or through any Grantee shall be subject to the provisions of the Plan and any applicable Award Agreement, except to the extent the Plan and Award
Agreement otherwise provide with respect to such persons, and to any additional restrictions or limitations deemed necessary or appropriate by the Committee. 

(c) Notwithstanding subsections (a) and (b) above, to the extent provided in the Award Agreement, Non-Qualified Stock Options, may
be transferred, without consideration, to a Permitted Transferee. For this purpose, a “Permitted Transferee” in respect of any Grantee means any member of the Immediate Family of such Grantee, any trust of which all of the primary
beneficiaries are such Grantee or members of his or her Immediate Family, or any partnership, limited liability company, corporation or and similar entity of which all of the partners, members or stockholders are such Grantee or members of his or
her Immediate Family; and the “Immediate Family” of a Grantee means the Grantee’s spouse, former spouse, children, stepchildren, grandchildren, parents, stepparents, siblings, grandparents, nieces and nephews, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships. Such Award may be exercised by such Permitted Transferee in accordance with the terms of such Award. 

(d) Nothing herein shall be construed as requiring the Committee to honor the order of a domestic relations court regarding an Award, except
to the extent required under applicable law. 
 5.5 Cancellation and Rescission of Awards. Unless the Award Agreement specifies
otherwise, the Committee may cancel, rescind, suspend, withhold, or otherwise limit or restrict any unexercised or unsettled Award at any time if the Grantee is not in compliance with all applicable provisions of the Award Agreement and the Plan or
is in violation of any restrictive covenant or other agreement with an Employer. 

  
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 5.6 Substitute Awards. The Committee may, in its discretion and on such terms and
conditions as the Committee considers appropriate in the circumstances, grant Substitute Awards under the Plan. For purposes of this Section 5.6, “Substitute Award” means an Award granted under the Plan in substitution for stock and
stock-based awards (“Acquired Entity Awards”) held by current and former employees or non-employee directors of, or consultants to, another corporation or entity who become Eligible Persons as the result of a merger, consolidation
or combination of the employing corporation or other entity (the “Acquired Entity”) with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the Acquired Entity immediately prior to
such merger, consolidation, acquisition or combination (“Acquisition Date”) in order to preserve for the Grantee the economic value of all or a portion of such Acquired Entity Award at such price as the Committee determines
necessary to achieve preservation of economic value. 
 5.7 Exercise by Non-Grantee. If any Award is exercised as permitted by the
Plan by any Person other than the Grantee, the exercise notice shall be accompanied by such documentation as may reasonably be required by the Committee, including, without limitation, evidence of authority of such Person or Persons to exercise the
Award and, if the Committee so specifies, evidence satisfactory to the Company that any death taxes payable with respect to such Shares have been paid or provided for. 

5.8 No Cash Consideration for Awards. Awards may be granted for no cash consideration or for such minimal cash consideration as may be
required by applicable law. 
 Section 6. 

Stock Options 
 6.1
Grant of Options. Subject to and consistent with the provisions of the Plan, Options may be granted to any Eligible Person in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee,
including an Option grant made, in the sole discretion of the Committee, upon the written request of a non-employee director of the Company, to receive an Option in lieu of all or any portion of such non-employee director’s annual cash
retainer. In the event that the Committee determines to grant an Option to a non-employee director in lieu of such annual cash retainer, the number of shares and terms of such Option shall be determined by the Committee subject to the provisions of
Code Section 409A. 
 6.2 Award Agreement. Each Option grant shall be evidenced by an Award Agreement in such form as the
Committee may approve that shall specify the Grant Date, the Option Price, the Term (not to exceed ten (10) years from its Grant Date unless the Committee otherwise specifies in the Award Agreement), the number of Shares to which the Option
pertains, the time or times at which such Option shall be exercisable and such other provisions (including Restrictions) not inconsistent with the provisions of the Plan as the Committee shall determine. 

6.3 Option Price. The purchase price per Share purchasable under an Option shall be determined by the Committee; provided,
however, that such purchase price shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on the Grant Date. Subject to the adjustment allowed in Section 4.2, neither the Committee nor the Board shall
have the authority or discretion to change the Option Price of any outstanding Option. Without the approval of shareholders, the Committee and the Board will not amend or replace previously granted Options or SARs in a transaction that constitutes
“repricing,” which for this purpose means any of the following or any other action that has the same effect: (i) lowering the exercise price of an Option or SAR after it is granted; (ii) any other action that is treated as a
repricing under generally accepted accounting principles; (iii) cancelling an Option or SAR at a time when its exercise price exceeds the Fair Market Value of the underlying Stock, in exchange for another Option or SAR, restricted stock, other
equity, cash or other property; provided, however, that the foregoing transactions shall not be deemed a repricing if pursuant to an adjustment authorized under Section 4.2. 

6.4 Vesting. Shares subject to an Option shall become vested and exercisable as specified in the applicable Award Agreement. Unless
otherwise provided in the applicable Award Agreement, the Option shall become vested and exercisable with respect to twenty-five percent (25%) of the Shares under the Option upon the first anniversary of the Grant Date, and the remaining
seventy-five percent (75%) of the Option shall become vested and exercisable pro-rata each month thereafter (i.e., to become fully vested and exercisable upon the fourth
(4th) anniversary of the Grant Date). 
 6.5 Grant of Incentive Stock
Options. At the time of the grant of any Option, the Committee may in its discretion designate that such Option shall be made subject to additional restrictions to permit it to qualify as an Incentive Stock Option. Any Option designated as an
Incentive Stock Option: 
 (a) shall be granted only to an employee of the Company or a Subsidiary Corporation (as defined below); 

  
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 (b) shall have an Option Price of not less than one hundred percent (100%) of the Fair
Market Value of a Share on the Grant Date, and, if granted to a person who owns capital stock (including stock treated as owned under Section 424(d) of the Code) possessing more than ten percent (10%) of the total combined voting power of
all classes of capital stock of the Company or any Subsidiary Corporation (a “10% Owner”), have an Option Price not less than one hundred ten percent (110%) of the Fair Market Value of a Share on its Grant Date; 

(c) shall have a Term of not more than ten (10) years (five (5) years if the Grantee is a 10% Owner) from its Grant Date, and shall
be subject to earlier termination as provided herein or in the applicable Award Agreement; 
 (d) shall not have an aggregate Fair Market
Value (as of the Grant Date) of the Shares with respect to which Incentive Stock Options (whether granted under the Plan or any other equity incentive plan of the Grantee’s employer or any parent or Subsidiary Corporation (“Other
Plans”)) are exercisable for the first time by such Grantee during any calendar year (“Current Grant”), determined in accordance with the provisions of Section 422 of the Code, which exceeds $100,000 (the
“$100,000 Limit”); 
 (e) shall, if the aggregate Fair Market Value of the Shares (determined on the Grant Date) with
respect to the Current Grant and all Incentive Stock Options previously granted under the Plan and any Other Plans which are exercisable for the first time during a calendar year (“Prior Grants”) would exceed the $100,000 Limit, be,
as to the portion in excess of the $100,000 Limit, exercisable as a separate option that is not an Incentive Stock Option at such date or dates as are provided in the Current Grant; 

(f) shall require the Grantee to notify the Committee of any disposition of any Shares delivered pursuant to the exercise of the Incentive
Stock Option under the circumstances described in Section 421(b) of the Code (relating to holding periods and certain disqualifying dispositions) (“Disqualifying Disposition”), within ten (10) days of such a Disqualifying
Disposition; 
 (g) shall by its terms not be assignable or transferable other than by will or the laws of descent and distribution and may
be exercised, during the Grantee’s lifetime, only by the Grantee; provided, however, that the Grantee may, to the extent provided in the Plan in any manner specified by the Committee, designate in writing a Beneficiary to exercise
his or her Incentive Stock Option after the Grantee’s death; and 
 (h) shall, if such Option nevertheless fails to meet the foregoing
requirements, or otherwise fails to meet the requirements of Section 422 of the Code for an Incentive Stock Option, be treated for all purposes of this Plan, except as otherwise provided in subsections (d) and (e) above, as an Option
that is not an Incentive Stock Option. 
 For purposes of this Section 6.5, “Subsidiary Corporation” means a
corporation other than the Company in an unbroken chain of corporations beginning with the Company if, at the time of granting the Option, each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty
percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. Notwithstanding the foregoing and Sections 3.2(k) or 15.2, the Committee may, without the consent of the Grantee,
at any time before the exercise of an Option (whether or not an Incentive Stock Option), take any action necessary to prevent such Option from being treated as an Incentive Stock Option. 

6.6 Exercise and Payment. 

(a) Except as may otherwise be provided by the Committee in an Award Agreement, Options shall be exercised by the delivery of a written notice
(“Notice”) to the Company setting forth the number of Shares to be exercised, accompanied by full payment (including any applicable tax withholding) for the Shares made by any one or more of the following means on the Exercise Date
(or such other date as may be permitted in writing by the Secretary of the Company): 
 (i) cash, personal check or wire
transfer; 
 (ii) with the approval of the Committee, Shares or Shares of Restricted Stock valued at the Fair Market Value of
a Share on the Exercise Date; or 
 (iii) subject to applicable law, through the sale of the Shares acquired on exercise of
the Option through a broker-dealer to whom the Grantee has submitted an irrevocable notice of exercise and irrevocable instructions to deliver promptly to the Company the amount of sale or loan proceeds sufficient to pay for such Shares, together
with, if requested by the Company, the amount of applicable withholding taxes payable by Grantee by reason of such exercise. 

  
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 (b) The Committee may in its discretion specify that, if any Shares of Restricted Stock
(“Tendered Restricted Shares”) are used to pay the Option Price, (x) all the Shares acquired on exercise of the Option shall be subject to the same restrictions as the Tendered Restricted Shares, determined as of the date of
exercise of the Option, or (y) a number of Shares acquired on exercise of the Option equal to the number of Tendered Restricted Shares shall be subject to the same restrictions as the Tendered Restricted Shares, determined as of the date of
exercise of the Option. 
 (c) If the Option is exercised as permitted by the Plan by any Person other than the Grantee, the Notice shall be
accompanied by documentation as may reasonably be required by the Company, including, evidence of authority of such Person or Persons to exercise the Option. 

(d) At the time a Grantee exercises an Option or to the extent provided by the Committee in the applicable Award Agreement, in lieu of
accepting payment of the Option Price of the Option and delivering the number of Shares of Common Stock for which the Option is being exercised, the Committee may direct that the Company either (i) pay the Grantee a cash amount, or
(ii) issue a lesser number of Shares of Common Stock, in any such case, having a Fair Market Value on the Exercise Date equal to the amount, if any, by which the aggregate Fair Market Value (or such other amount as may be specified in the
applicable Award Agreement or Section 13, in the case of an exercise occurring concurrent with a Change in Control) of the Shares of Common Stock as to which the Option is being exercised exceeds the aggregate Option Price for such Shares,
based on such terms and conditions as the Committee shall establish. 
 Section 7. 

Stock Appreciation Rights 

7.1 Grant of SARs. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time to time, may
grant SARs to any Eligible Person on a standalone basis only (i.e., not in tandem with an Option). The Committee may impose such conditions or restrictions on the exercise of any SAR as it shall deem appropriate. 

7.2 Award Agreements. Each SAR shall be evidenced by an Award Agreement in such form as the Committee may approve, which shall contain
such terms and conditions not inconsistent with the provisions of the Plan as shall be determined from time to time by the Committee. Unless otherwise provided in the Award Agreement, no SAR grant shall have a Term of more than ten (10) years
from the date of grant of the SAR. 
 7.3 Strike Price. The Strike Price of an SAR shall be determined by the Committee in its sole
discretion; provided that the Strike Price shall not be less than 100% of the Fair Market Value of a Share on the Grant Date of the SAR. 

7.4 Vesting. Shares subject to an SAR shall become vested and exercisable as specified in the applicable Award Agreement. Unless
otherwise provided in the applicable Award Agreement, the SAR shall become vested and exercisable with respect to twenty-five percent (25%) of the Shares under the SAR upon the first anniversary of the Grant Date, and the remaining seventy-five
percent (75%) of the SAR shall become vested and exercisable pro-rata each month thereafter (i.e., to become fully vested and exercisable upon the fourth (4th) anniversary of the
Grant Date). 
 7.5 Exercise and Payment. Except as may otherwise be provided by the Committee in an Award Agreement, SARs shall be
exercised by the delivery of a written notice to the Company, setting forth the number of Shares with respect to which the SAR is to be exercised. No payment of an SAR shall be made unless applicable tax withholding requirements have been satisfied
in accordance with Section 17.1 or otherwise. Any payment by the Company in respect of an SAR may be made in cash, Shares, other property, or any combination thereof, as the Committee, in its sole discretion, shall determine. 

7.6 Grant Limitations. The Committee may at any time impose any other limitations or Restrictions upon the exercise of SARs which it
deems necessary or desirable in order to achieve desirable tax results for the Grantee or the Company. 
 Section 8. 

Restricted Stock 
 8.1
Grant of Restricted Stock. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time to time, may grant Restricted Stock to any Eligible Person in such amounts as the Committee shall determine. 

  
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 8.2 Award Agreement. Each grant of Restricted Stock shall be evidenced by an Award
Agreement that shall specify the Restrictions, the number of Shares subject to the Restricted Stock Award, and such other provisions not inconsistent with the provisions of this Plan as the Committee shall determine. The Committee may impose such
Restrictions on any Award of Restricted Stock as it deems appropriate, including time-based Restrictions, Restrictions based upon the achievement of specific performance goals, Restrictions based on the occurrence of a specified event, and/or
Restrictions under applicable securities laws. 
 8.3 Consideration for Restricted Stock. The Committee shall determine the amount, if
any, that a Grantee shall pay for Restricted Stock. 
 8.4 Vesting. Shares subject to a Restricted Stock Award shall become vested as
specified in the applicable Award Agreement (thereafter being referred to as “Unrestricted Stock”). For purposes of calculating the number of Shares of Restricted Stock that become Unrestricted Stock as set forth above, Share
amounts shall be rounded to the nearest whole Share amount, unless otherwise provided in the Award Agreement. 
 8.5 Effect of
Forfeiture. If Restricted Stock is forfeited, and if the Grantee was required to pay for such Shares or acquired such Restricted Stock upon the exercise of an Option, the Grantee shall be deemed to have resold such Restricted Stock to the
Company at a price equal to the lesser of (x) the amount paid by the Grantee for such Restricted Stock or the exercise price of the Option, as applicable, and (y) the Fair Market Value of a Share on the date of such forfeiture. The Company
shall pay to the Grantee the deemed sale price as soon as is administratively practical. Such Restricted Stock shall cease to be outstanding, and shall no longer confer on the Grantee thereof any rights as a stockholder of the Company, from and
after the date of the event causing the forfeiture, whether or not the Grantee accepts the Company’s tender of payment for such Restricted Stock. 

8.6 Escrow; Legends. The Committee may provide that the certificates for any Restricted Stock (x) shall be held (together with a
stock power executed in blank by the Grantee) in escrow by the Secretary of the Company until such Restricted Stock becomes nonforfeitable or is forfeited and/or (y) shall bear an appropriate legend restricting the transfer of such Restricted
Stock under the Plan. If any Restricted Stock becomes nonforfeitable, the Company shall cause certificates for such Shares to be delivered without such legend or shall cause a release of restrictions on a book entry account maintained by the
Company’s transfer agent. 
 8.7 Stockholder Rights in Restricted Stock. Restricted Stock, whether held by a Grantee or in
escrow or other custodial arrangement by the Secretary of the Company, shall confer on the Grantee all rights of a stockholder of the Company, except as otherwise provided in the Plan or Award Agreement. At the time of a grant of Restricted Stock,
the Committee may require the payment of cash dividends thereon to be deferred and, if the Committee so determines, reinvested in additional Shares of Restricted Stock. Stock dividends and deferred cash dividends issued with respect to Restricted
Stock shall be subject to the same restrictions and other terms as apply to the Shares of Restricted Stock with respect to which such dividends are issued. The Committee may in its discretion provide for payment of interest on deferred cash
dividends. 
 Section 9. 

Restricted Stock Units 

9.1 Grant of Restricted Stock Units. Subject to and consistent with the provisions of the Plan and applicable requirements of Sections
409A (2), (3) and (4) of the Code, the Committee, at any time and from time to time, may grant Restricted Stock Units to any Eligible Person, in such amount and upon such terms as the Committee shall determine. A Grantee shall have no
voting rights in Restricted Stock Units. 
 9.2 Award Agreement. Each grant of Restricted Stock Units shall be evidenced by an Award
Agreement that shall specify the Restrictions, the number of Shares subject to the Restricted Stock Units granted, and such other provisions as the Committee shall determine in accordance with the Plan and Code Section 409A. The Committee may
impose such Restrictions on Restricted Stock Units, including time-based Restrictions based on the achievement of specific performance goals, time-based Restrictions following the achievement of specific performance goals, Restrictions based on the
occurrence of a specified event, and/or Restrictions under applicable securities laws. 
 9.3 Crediting Restricted Stock Units. The
Company shall establish an account (“RSU Account”) on its books for each Eligible Person who receives a grant of Restricted Stock Units. Restricted Stock Units shall be credited to the Grantee’s RSU Account as of the Grant Date
of such Restricted Stock Units. RSU Accounts shall be maintained for recordkeeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to RSU Accounts. The
obligation to make distributions of securities or other amounts credited to RSU Accounts shall be an unfunded, unsecured obligation of the Company. 

  
 14 

 (a) Crediting of Dividend Equivalents. Except as otherwise provided in an Award
Agreement, whenever dividends are paid or distributions made with respect to Shares, Dividend Equivalents shall be credited to RSU Accounts on all Restricted Stock Units credited thereto as of the record date for such dividend or distribution. Such
Dividend Equivalents shall be credited to the RSU Account in the form of additional Restricted Stock Units in a number determined by dividing the aggregate value of such Dividend Equivalents by the Fair Market Value of a Share at the payment date of
such dividend or distribution. 
 (b) Settlement of RSU Accounts. The Company shall settle an RSU Account by delivering to the
holder thereof (which may be the Grantee or his or her Beneficiary, as applicable) a number of Shares equal to the whole number of Shares underlying the Restricted Stock Units then credited to the Grantee’s RSU Account (or a specified portion
in the event of any partial settlement); provided that any fractional Shares underlying Restricted Stock Units remaining in the RSU Account on the Settlement Date shall be distributed in cash in an amount equal to the Fair Market Value of a
Share as of the Settlement Date multiplied by the remaining fractional Restricted Stock Unit. Unless otherwise provided in an Award Agreement, the Settlement Date for all Restricted Stock Units credited to a Grantee’s RSU Account shall be as
soon as administratively practical following when Restrictions applicable to an Award of Restricted Stock Units have lapsed, but in no event shall such Settlement Date be later than March 15 of the calendar year following the calendar year in
which the Restrictions applicable to an Award of Restricted Stock Units have lapsed. Unless otherwise provided in an Award Agreement, in the event of a Grantee’s Termination of Service prior to the lapse of such Restrictions, such
Grantee’s Restricted Stock Units shall be immediately cancelled and forfeited to the Company. 
 Section 10. 

Deferred Stock 
 10.1
Grant of Deferred Stock. Subject to and consistent with the provisions of the Plan and applicable requirements of Sections 409A(a)(2), (3), and (4) of the Code, the Committee, at any time and from time to time, may grant Deferred Stock
to any Eligible Person in such number, and upon such terms, as the Committee, at any time and from time to time, shall determine (including, to the extent allowed by the Committee, grants at the election of a Grantee to convert Shares to be acquired
upon lapse of restrictions on Restricted Stock or Restricted Stock Units into such Deferred Stock). A Grantee shall have no voting rights in Deferred Stock. 

10.2 Award Agreement. Each grant of Deferred Stock shall be evidenced by an Award Agreement that shall specify the number of Shares
underlying the Deferred Stock subject to an Award, the Settlement Date such Shares of Deferred Stock shall be settled and such other provisions as the Committee shall determine that are in accordance with the Plan and Code Section 409A. 

10.3 Deferred Stock Elections. 

(a) Making of Deferral Elections. If and to the extent permitted by the Committee, an Eligible Person may elect (a
“Deferral Election”) at such times and in accordance with rules and procedures adopted by the Committee (which shall comport with Code Section 409A), to receive all or any portion of his salary, bonus and/or cash
retainer (in the case of a director) (including any cash or Share Award, other than Options or SARs) either in the form of a number of shares of Deferred Stock equal to the quotient of the amount of salary, bonus and/or cash retainer or other
permissible Award to be paid in the form of Deferred Stock divided by the Fair Market Value of a Share on the date such salary, bonus or cash retainer or other such Award would otherwise be paid in cash or distributed in Shares or pursuant to such
other terms and conditions as the Committee may determine. The Grant Date for an Award of Deferred Stock made pursuant to a Deferral Election shall be the date the deferrable amount subject to a Deferral Election would otherwise have been paid to
the Grantee in cash or Shares. 
 (b) Timing of Deferral Elections. An initial Deferral Election must be filed with the
Secretary of the Company no later than December 31 of the year preceding the calendar year in which the amounts subject to the Deferral Election would otherwise be earned, subject to such additional restrictions and advance filing requirements
as the Company may impose. A Deferral Election shall be irrevocable as of the filing deadline, unless the Company has specified an earlier time at which it will be irrevocable. Each Deferral Election shall remain in effect with respect to
subsequently earned amounts unless the Eligible Person revokes or changes such Deferral Election. Any such revocation or change shall have prospective application only and must be made at a time at which the Deferral Election is permitted. 

(c) Subsequent Deferral Elections. A Deferral Election (other than an initial Deferral Election) made with respect to a Deferred
Compensation Award must meet the timing requirements for a subsequent deferral election as specified in Treasury Regulation § 1.409A-2(b). 

  
 15 

 10.4 Deferral Account. 

(a) Establishment of Deferral Accounts. The Company shall establish an account (“Deferral Account”) on its
books for each Eligible Person who receives a grant of Deferred Stock or makes a Deferral Election. Deferred Stock shall be credited to the Grantee’s Deferral Account as of the Grant Date of such Deferred Stock. Deferral Accounts shall be
maintained for recordkeeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to Deferral Accounts. The obligation to make distributions of securities or other
amounts credited to Deferral Accounts shall be an unfunded, unsecured obligation of the Company. 
 (b) Crediting of Dividend
Equivalents. Except as otherwise provided in an Award Agreement, whenever dividends are paid or distributions made with respect to Shares, Dividend Equivalents shall be credited to Deferral Accounts on all Deferred Stock credited thereto as of
the record date for such dividend or distribution. Such Dividend Equivalents shall be credited to the Deferral Account in the form of additional Deferred Stock in a number determined by dividing the aggregate value of such Dividend Equivalents by
the Fair Market Value of a Share at the payment date of such dividend or distribution. 
 (c) Settlement of Deferral Accounts. The
Company shall settle a Deferral Account by delivering to the holder thereof (which may be the Grantee or his or her Beneficiary or estate, as applicable) a number of Shares equal to the whole number of Shares of Deferred Stock then credited to the
Grantee’s Deferral Account (or a specified portion in the event of any partial settlement); provided that any fractional Shares of Deferred Stock remaining in the Deferral Account on the Settlement Date shall be distributed in cash in an
amount equal to the Fair Market Value of a Share as of the Settlement Date multiplied by the remaining fractional Share. The Settlement Date for all Deferred Stock credited in a Grantee’s Deferral Account shall be determined in accordance with
Code Section 409A and shall be specified in the applicable Award Agreement or Deferral Election. The Settlement Date for Deferred Stock, as may be permitted by the Committee in its discretion and as specified in the Award Agreement or Deferral
Election, is limited to one or more of the following events: (1) a specified date (as contemplated by applicable guidance under Code Section 409A), (2) a Change in Control (within the meaning of the definition that applies to Deferred
Compensation Awards), (3) the Grantee’s “separation from service” as provided in Code Section 409A(2)(A)(i), (4) the Grantee’s death, (5) the Grantee’s Disability or (6) an “unforeseeable
emergency” of the Grantee as provided in Code Section 409A(2)(A)(vi). 
 Section 11. 

Performance Units 
 11.1
Grant of Performance Units. Subject to and consistent with the provisions of the Plan, Performance Units may be granted to any Eligible Person in such number and upon such terms, and at any time and from time to time, as shall be determined
by the Committee. Performance Units shall be evidenced by an Award Agreement in such form as the Committee may approve, which shall contain such terms and conditions not inconsistent with the provisions of the Plan as shall be determined from time
to time by the Committee. 
 11.2 Value/Performance Goals. The Committee shall set performance goals in its discretion which,
depending on the extent to which they are met during a Performance Period, will determine the number or value of Performance Units that will be paid to the Grantee at the end of the Performance Period. Each Performance Unit shall have an initial
value that is established by the Committee at the time of grant. The performance goals for Awards of Performance Units shall be set by the Committee at threshold, target and maximum performance levels with the number or value of the Performance
Units payable tied to the degree of attainment of the various performance levels during the Performance Period. No payment shall be made with respect to a Performance Unit Award if the threshold performance level is not satisfied. If performance
goals are attained between the threshold and target performance levels or between the target and maximum performance levels, the number or value of Performance Units under such Award shall be determined by linear interpolation, unless otherwise
provided in an Award Agreement. With respect to Covered Employees and to the extent the Committee deems it appropriate to comply with Section 162(m) of the Code, all performance goals shall be based on objective Performance Measures satisfying
the requirements for the Performance-Based Exception, and shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations. 

11.3 Earning of Performance Units. Except as provided in Section 13, after the applicable Performance Period has ended, the holder
of Performance Units shall be entitled to payment based on the level of achievement of performance goals set by the Committee and as described in Section 11.2. If the Performance Unit is intended to comply with the

  
 16 

 
Performance-Based Exception, the Committee shall certify the level of achievement of the performance goals in writing before the Award is settled. At the discretion of the Committee, the Award
Agreement may specify that an Award of Performance Units is payable in cash, Shares, Restricted Stock or Restricted Stock Units. 
 11.4
Adjustment on Change of Position. If a Grantee is promoted, demoted or transferred to a different business unit of the Company during a Performance Period, then, to the extent the Committee determines that the Award, the performance goals, or
the Performance Period are no longer appropriate, the Committee may adjust, change, eliminate or cancel the Award, the performance goals, or the applicable Performance Period, as it deems appropriate in order to make them appropriate and comparable
to the initial Award, the performance goals, or the Performance Period. 
 11.5 Dividend Rights. At the discretion of the Committee,
a Grantee may be entitled to receive any dividends or Dividend Equivalents declared with respect to Shares deliverable in connection with grants of Performance Units which have been earned, but not yet delivered to the Grantee. 

Section 12. 
 Annual
Incentive Awards 
 12.1 Annual Incentive Awards. Subject to and consistent with the provisions of the Plan, Annual Incentive
Awards may be granted to any Eligible Person in accordance with the provisions of this Section 12. The Committee shall designate the individuals eligible to be granted an Annual Incentive Award for a Year. In the case of an Annual Incentive
Award intended to qualify for the Performance-Based Exception, such designation shall occur within the first ninety (90) days of such year. The Committee may designate an Eligible Person as eligible for a full Year or for a period of less than
a full Year. The opportunity to be granted an Annual Incentive Award shall be evidenced by an Award Agreement or in such form as the Committee may approve, which shall specify the individual’s Bonus Opportunity, the Performance Goals, and such
other terms not inconsistent with the Plan as the Committee shall determine. 
 12.2 Determination of Amount of Annual Incentive
Awards. 
 (a) Aggregate Maximum. The Committee may establish guidelines as to the maximum amount of Annual Incentive
Awards payable for any Year subject to Section 4.3(b). 
 (b) Establishment of Performance Goals and Bonus Opportunities.
The Committee shall establish Performance Goals for the Year (which may be the same or different for some or all Eligible Persons) and shall establish the threshold, target and maximum Bonus Opportunity for each Grantee for the attainment of
specified threshold, target and maximum Performance Goals. In the case of an Annual Incentive Award intended to qualify for the Performance-Based Exception, such designation shall occur within the first ninety (90) days of the Year. Performance
Goals and Bonus Opportunities may be weighted for different factors and measures as the Committee shall determine. 
 (c)
Committee Certification and Determination of Amount of Annual Incentive Award. The Committee shall determine and certify in writing the degree of attainment of Performance Goals as soon as administratively practicable after the end of each
Year but not later than sixty (60) days after the end of such Year. The Committee shall determine an individual’s maximum Annual Incentive Award based on the level of attainment of the Performance Goals (as certified by the Committee) and
the individual’s Bonus Opportunity. The Committee reserves the discretion to reduce (but not below zero) the amount of an individual’s Annual Incentive Award below the maximum Annual Incentive Award. The determination of the Committee to
reduce (or not pay) an individual’s Annual Incentive Award for a Year shall not affect the maximum Annual Incentive Award payable to any other individual. No Annual Incentive Award intended to qualify for the Performance-Based Exception shall
be payable to an individual unless at least the threshold Performance Goal is attained. 
 (d) Termination of Service. If a
Grantee has a Termination of Service during the Year, the Committee may, in its absolute discretion and under such rules as the Committee may from time to time prescribe, authorize the payment of an Annual Incentive Award to such Grantee in
accordance with the foregoing provisions of this Section 12.2 and in the absence of such determination by the Committee the Grantee shall receive no Annual Incentive Award for such Year. 

12.3 Time of Payment of Annual Incentive Awards. Annual Incentive Awards shall be paid as soon as administratively practicable after
the Committee determines the amount of the Award payable under Section 12 but not later than two and one-half months after the end of such Year. 

12.4 Form of Payment of Annual Incentive Awards. An individual’s Annual Incentive Award for a Year shall be paid in cash, Shares,
Restricted Stock, Options or any other form of an Award or any combination thereof as provided in the Award Agreement or in such form as the Committee may approve. 

  
 17 

 Section 13. 

Change in Control 

Special Treatment In the Event of a Change in Control. In order to maintain the Grantee’s rights upon the occurrence of any event
satisfying the definition of “Change in Control” with respect to an Award, the Committee, may, in its sole discretion, as to any such Award, either at the time the Award is made hereunder or any time thereafter, take any one or more of the
following actions: (i) make such adjustment to any such Award then outstanding as the Committee deems appropriate to reflect such Change in Control; or (ii) cause any such Award then outstanding to be assumed, or new rights substituted
therefore, by the acquiring or surviving entity after such Change in Control. Additionally, in the event of any Change in Control with respect to Options and SARs, the Committee, may, in its sole discretion (except as may be otherwise provided in
the Award Agreement): (i) cancel any outstanding unexercised Options or SARs (whether or not vested) that have a per Share Option Price or Strike Price (as applicable) which is greater than the Change in Control Price; or (ii) cancel any
outstanding unexercised Options or SARs (whether or not vested) that have a per Share Option Price or Strike Price (as applicable) which is less than or equal to the Change in Control Price in exchange for a cash payment of an amount equal to
(x) the difference between the Change in Control Price and the Option Price or Strike Price multiplied by (y) the total number of Shares underlying such Option or SAR that are vested and exercisable at the time of the Change in Control.
The Committee may, in its discretion, include such further provisions and limitations in any Award Agreement as it may deem desirable. The “Change in Control Price” means the lower of (i) the per Share Fair Market Value as of
the date of the Change in Control, or (ii) the price paid per Share as part of the transaction which constitutes the Change in Control. 

Section 14. 

Dividend Equivalents 
 The
Committee is authorized to grant Awards of Dividend Equivalents alone or in conjunction with other Awards (other than Options and SARs), on such terms and conditions as the Committee shall determine in accordance with Code Section 409A. Unless
otherwise provided in the Award Agreement or in Sections 9 and 10 of the Plan, Dividend Equivalents shall be paid immediately when accrued and, in no event, later than March 15 of the calendar year following the calendar year in which such
Dividend Equivalents accrue. Unless otherwise provided in the Award Agreement or in Sections 9 and 10 of the Plan, if the Grantee incurs a Termination of Service prior to the date such Dividend Equivalents accrue, the Grantee’s right to such
Dividend Equivalents shall be immediately forfeited. 
 Section 15. 

Amendments and Termination 

15.1 Amendment and Termination. Subject to Section 15.2, the Board may at any time amend, alter, suspend, discontinue or terminate
the Plan in whole or in part without the approval of the Company’s stockholders, provided that (a) any amendment shall be subject to the approval of the Company’s stockholders if such approval is required by any federal or state law
or regulation or any stock exchange or automated quotation system on which the Shares may then be listed or quoted, and (b) any Plan amendment or termination will not accelerate the timing of any payments that constitute deferred compensation
under Code Section 409A unless such acceleration of payment is permitted by Code Section 409A. 
 15.2 Previously Granted
Awards. Except as otherwise specifically provided in the Plan (including Sections 3.2(k), 5.5 and this Section 15.2) or an Award Agreement, no termination, amendment or modification of the Plan shall adversely affect in any material way any
Award previously granted under the Plan without the written consent of the Grantee of such Award. 
 Section 16. 

Beneficiary Designation 

Each Grantee under the Plan may, from time to time, name any Beneficiary or Beneficiaries (who may be named contingently or successfully) to
whom any benefit under the Plan is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Grantee, shall be in a form prescribed by the
Company, and will be effective only when filed by the Grantee in writing with the Company during the Grantee’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Grantee’s death shall be paid to the
Grantee’s estate. 

  
 18 

 Section 17. 

Withholding 
 17.1
Required Withholding. 
 (a) The Committee in its sole discretion may provide that when taxes are to be withheld in connection with
the exercise of an Option or an SAR or upon the lapse of Restrictions on an Award or upon payment of any benefit or right under this Plan (the Exercise Date, the date such Restrictions lapse or such payment of any other benefit or right occurs
hereinafter referred to as the “Tax Date”), the Grantee may be required or may be permitted to elect to make payment for the withholding of federal, state and local taxes, including Social Security and Medicare (“FICA”)
taxes, by one or a combination of the following methods: 
 (i) payment of an amount in cash equal to the amount to be
withheld; 
 (ii) requesting the Company to withhold from those Shares that would otherwise be received upon exercise of the
Option or an SAR or upon the lapse of Restrictions on, or upon settlement of, any other Award, a number of Shares having a Fair Market Value on the Tax Date equal to the amount to be withheld; or 

(iii) withholding from any compensation otherwise due to the Grantee. 

The Committee in its sole discretion may provide that the maximum amount of tax withholding upon exercise of an Option or an SAR or in
connection with the settlement of any other Award to be satisfied by withholding Shares pursuant to clause (iii) above shall not exceed the minimum amount of taxes, including FICA taxes, required to be withheld under federal, state and local
law. An election by Grantee under this subsection is irrevocable. Any fractional share amount and any additional withholding not paid by the withholding or surrender of Shares must be paid in cash. If no timely election is made, the Grantee must
deliver cash to satisfy all tax withholding requirements, unless otherwise provided in the Award Agreement. 
 (b) Any Grantee who makes a
Disqualifying Disposition (as defined in Section 6.5(f)) or an election under Section 83(b) of the Code shall remit to the Company an amount sufficient to satisfy all resulting tax withholding requirements in the same manner as set forth
in subsection (a). 
 (c) No Award shall be settled, whether in cash or in Shares, unless the applicable tax withholding requirements have
been met to the satisfaction of the Committee. 
 17.2 Notification under Section 83(b) of the Code. If the Grantee, in
connection with the exercise of any Option, or the grant of Restricted Stock, makes the election permitted under Section 83(b) of the Code to include in such Grantee’s gross income in the year of transfer the amounts specified in
Section 83(b) of the Code, then such Grantee shall notify the Company of such election within ten (10) days of filing the notice of the election with the Internal Revenue Service, in addition to any filing and notification required
pursuant to regulations issued under Section 83(b) of the Code. The Committee may, in connection with the grant of an Award or at any time thereafter, prohibit a Grantee from making the election described above. 

Section 18. 

General Provisions 
 18.1
Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Delaware other than its law respecting choice of laws and
applicable federal law. 
 18.2 Severability. If any provision of this Plan or any Award is or becomes or is deemed to be invalid,
illegal or unenforceable in any jurisdiction, or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable
laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, it shall be stricken and the remainder of the Plan and any such Award shall remain in full
force and effect. 
 18.3 Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be
binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise of all or substantially all of the business and/or assets of the Company. 

18.4 Requirements of Law. The granting of Awards and the delivery of Shares under the Plan shall be subject to all applicable laws,
rules, and regulations, and to such approvals by any governmental agencies or national securities 

  
 19 

 
exchanges or markets as may be required. Notwithstanding any provision of the Plan or any Award, Grantees shall not be entitled to exercise, or receive benefits under, any Award, and the Company
(or any Subsidiary) shall not be obligated to deliver any Shares or deliver benefits to a Grantee, if such exercise or delivery would constitute a violation by the Grantee, the Company or a Subsidiary of any applicable law or regulation. 

18.5 Securities Law Compliance. If the Committee deems it necessary to comply with any applicable securities law, or the requirements
of any securities exchange or market upon which Shares may be listed, the Committee may impose any restriction on Awards or Shares acquired pursuant to Awards under the Plan as it may deem advisable. All evidence of Share ownership delivered
pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations or other requirements of the SEC, any securities exchange or market
upon which Shares are then listed, and any applicable securities law. If so requested by the Company, the Grantee shall make a written representation and warranty to the Company that he or she will not sell or offer to sell any Shares unless a
registration statement shall be in effect with respect to such Shares under the Securities Act of 1933, as amended, and any applicable state securities law or unless he or she shall have furnished to the Company an opinion of counsel, in form and
substance satisfactory to the Company, that such registration is not required. 
 If the Committee determines that the exercise or
nonforfeitability of, or delivery of benefits pursuant to, any Award would violate any applicable provision of securities laws or the listing requirements of any national securities exchange or national market system on which are listed any of the
Company’s equity securities, then the Committee may postpone any such exercise, nonforfeitability or delivery to comply with all such provisions at the earliest practicable date. 

18.6 Section 409A. To the extent applicable and notwithstanding any other provision of this Plan, this Plan and Awards hereunder
shall be administered, operated and interpreted in accordance with Code Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance
that may be issued after the date on which the Board approves the Plan; provided, however, in the event that the Committee determines that any amounts payable hereunder may be taxable to a Grantee under Code Section 409A and related
Department of Treasury guidance prior to the payment and/or delivery to such Grantee of such amount, the Company may (i) adopt such amendments to the Plan and related Award, and appropriate policies and procedures, including amendments and
policies with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Plan and Awards hereunder and/or (ii) take such other actions as the Committee
determines necessary or appropriate to comply with or exempt the Plan and/or Awards from the requirements of Code Section 409A and related Department of Treasury guidance, including such Department of Treasury guidance and other interpretive
materials as may be issued after the date on which the Board approves the Plan. The Company and its Subsidiaries make no guarantees to any Person regarding the tax treatment of Awards or payments made under the Plan, and, notwithstanding the above
provisions and any agreement or understanding to the contrary, if any Award, payments or other amounts due to a Grantee (or his or her beneficiaries, as applicable) results in, or causes in any manner, the application of an accelerated or additional
tax, fine or penalty under Code Section 409A or otherwise to be imposed, then the Grantee (or his or her beneficiaries, as applicable) shall be solely liable for the payment of, and the Company and its Subsidiaries shall have no obligation or
liability to pay or reimburse (either directly or otherwise) the Grantee (or his or her beneficiaries, as applicable) for, any such additional taxes, fines or penalties. In the case of any Deferred Compensation Award (in addition to Deferred Stock),
the provisions of Section 10.4 relating to permitted times of settlement shall apply to such Award. 
 18.7 No Rights as a
Stockholder. No Grantee shall have any rights as a stockholder of the Company with respect to the Shares (except as provided in Section 8.7 with respect to Restricted Stock) which may be deliverable upon exercise or payment of such Award
until such Shares have been delivered to him or her. 
 18.8 Awards Not Taken Into Account for Other Benefits. Awards shall be
special incentive payments to the Grantee and shall not be taken into account in computing the amount of salary or compensation of the Grantee for purposes of determining any pension, retirement, death or other benefit under (a) any pension,
retirement, profit-sharing, bonus, insurance or other employee benefit plan of an Employer, except as such plan shall otherwise expressly provide, or (b) any agreement between an Employer and the Grantee, except as such agreement shall
otherwise expressly provide. 
 18.9 Employment Agreement Supersedes Award Agreement. In the event a Grantee is a party to an
employment agreement with the Company or a Subsidiary that provides for vesting or extended exercisability of equity compensation Awards on terms more favorable to the Grantee than the Grantee’s Award Agreement or this Plan, the employment
agreement shall be controlling; provided that (a) if the Grantee is a Section 16 Person, any terms in the employment agreement requiring Compensation Committee of the Board, Board or stockholder approval in order for an exemption
from Section 16(b) of the Exchange Act to be available shall have been approved by the Compensation Committee of the Board, the Board or the stockholders, as applicable, (b) the employment agreement shall not be controlling to the extent
the Grantee and Grantee’s Employer agree it shall not be controlling, and (c) an employment agreement or modification to an employment agreement shall be deemed to modify the terms of any pre-existing Award only if the terms of the
employment agreement expressly so provide. 

  
 20 

 18.10 Non-Exclusivity of Plan. Neither the adoption of the Plan by the Board nor its
submission to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board to adopt such other compensatory arrangements for employees as it may deem desirable. 

18.11 No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any
kind or a fiduciary relationship between the Company or any Subsidiary and a Grantee or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be
no greater than the right of any unsecured general creditor of the Company or any Subsidiary. 
 18.12 No Right to Continued Employment
or Awards. No employee shall have the right to be selected to receive an Award under this Plan or, having been so selected, to be selected to receive a future Award. The grant of an Award shall not be construed as giving a Grantee the right to
be retained in the employ of the Company or any Subsidiary or to be retained as a director of the Company or any Subsidiary. Further, the Company or a Subsidiary may at any time terminate the employment of a Grantee free from any liability, or any
claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement. 
 18.13 Military Service. Awards
shall be administered in accordance with Section 414(u) of the Code and the Uniformed Services Employment and Reemployment Rights Act of 1994. 

18.14 Construction. The following rules of construction will apply to the Plan: (a) the word “or” is disjunctive but not
necessarily exclusive, and (b) words in the singular include the plural, words in the plural include the singular, and words in the neuter gender include the masculine and feminine genders and words in the masculine or feminine gender include
the other neuter genders. The headings of sections and subsections are included solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text shall control. 

18.15 No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee
shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall be canceled, terminated, or otherwise eliminated. 

18.16 Plan Document Controls. This Plan and each Award Agreement constitute the entire agreement with respect to the subject matter
hereof and thereof; provided that in the event of any inconsistency between this Plan and such Award Agreement, the terms and conditions of the Plan shall control. 

  
 21

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