Document:

EX-10.4

 Exhibit 10.4 

EMPLOYMENT CONTRACT 

THIS EMPLOYMENT CONTRACT dated this 3rd day of January 2017 BETWEEN: 

PyraMax Bank, FSB (the “Employer”) 

-AND- 
 Thomas Peterson (the
“Employee”) 
 IN CONSIDERATION OF the mutual benefits and obligations set forth in this Agreement, the receipt and sufficiency of
which consideration is hereby acknowledged, the parties to this Agreement agree as follows: 
 Commencement Date and Term 

 

	1.	 This is a three-year employment contract in which the Employer has obligated itself to continue to employ
Employee for a term of 36 months unless Employee voluntarily terminates his employment, or he is terminated for breach of this agreement or for other Just Cause as further explained in paragraph 15 hereof. The Employee will commence employment with
the Employer on the 9th day of January “Commencement Date”). After 36 months from the Commencement Date Employee will become an employee “at will” and his salary, compensation benefits will be determined by Employer without the
restrictions contained in this Agreement. Thirty- six months after the Commencement Date, paragraphs 6-16 hereof will become null and void. The provisions of paragraphs
17-36 will survive the Employee’s transition to an employee “at will” and will continue throughout his employment with Employer and after termination as written in paragraphs 23 and 24 below.

 Job Title and Description 
  

	2.	 The Employer agrees to employ the Employee as its Chief Lending Officer Senior Vice President Commercial
Lending. The Employee will be expected to perform the job duties defined in Employer’s Policies and as directed by Employer’ s CEO from time to time. 

 

	3.	 The Employee agrees to be employed on the terms and conditions set out in this Agreement. The Employee agrees
to be subject to the general supervision of and act pursuant to the orders, advice and direction of the Employer. 

  

	4.	 The Employee agrees to abide by the Employer’s rules, regulations, and practices, including those
concerning confidential information, work schedules, PTO and sick leave, as they may from time to time be adopted or modified. 

Employee Compensation 
  

	5.	 Compensation paid to the Employee for the services rendered by the Employee as required by this Agreement (the
“Compensation”) will include a Salary of $175,000.00 (USD) per year (hereinafter the “Salary”) payable pursuant to employer’s payment policies. 

	6.	 This Salary will be payable according to employer’s policy until this agreement or employee’s
subsequent “at will” employment is terminated. The Employer is entitled to deduct from the Employee’s Salary, or from any other compensation in whatever form, any applicable deductions and remittances as required by law.

  

	7.	 The Employee understands and agrees that any additional compensation paid to the Employee in the form of
bonuses or other similar incentive compensation will rest in the sole discretion of the Employer and be earned and paid pursuant to Employer’s policies. During the first 36 months of employment, the Employee will have an annual incentive target
of up to 30% of Salary based on production. 

  

	8.	 The Employer will reimburse the Employee for all reasonable expenses, in accordance with the Employer’s
policy as in effect from time to time, including but not limited to, travel and entertainment expenses incurred by the Employee in connection with the business of the Employer. Expenses will be paid within a reasonable time after submission of
acceptable supporting documentation. 

 Employee Benefits 

 

	9.	 The Employee will be entitled to only those additional benefits that are currently available as described in
the Employer’s employment booklets and manuals or as required by law. Benefits to which employee is entitled may be changed from time to time as Employer may determine. 

 

	10.	 Employer discretionary benefits are subject to change, without compensation, upon the notice of that change
pursuant to Employer’s policies and providing that any change to those benefits is taken generally with respect to other employees and does not single out the Employee. 

 

	11.	 The additional benefits described in the letter offer of employment from Monica Baker dated November 9,
2016 which is attached will also be provided during the term of this agreement until termination as provided in paragraphs 15-18 or until 36 months after the Commencement Date, whichever is earlier.

 Personal Time Off (PTO) 
  

	12.	 The Employee will be entitled to 33 personal days per year. For the year 2017, PTO will prorated from the
Commencement Date. PTO for any partial year of employment will be similarly prorated. 

  

	13.	 The times and dates for any PTO will be determined by mutual agreement between the Employer and the Employee.

  

	14.	 Upon termination of employment, the Employer will pay compensation to the Employee for any accrued and unused
PTO. 

  
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 Termination of Employment 

 

	15.	 Where the Employee has breached any reasonable term of this Agreement or where there is just cause for
termination, the Employer may terminate the Employee’s employment without notice, as permitted by law. 

  

	16.	 In the event that Employer terminates Employee’s employment without just cause prior to the date on which
Employee completes 36 months of employment, Employee shall be entitled to continue to receive the Salary defined herein at paragraph 6, and only the Salary defined herein, to the day which is 36 months after his first day of active employment with
Employer. 

  

	17.	 If the Employee wishes to terminate this employment with the Employer, the Employee will provide the Employer
with notice of three (3) weeks. As an alternative, if the Employee co-operates with the training and development of a replacement, then sufficient notice is given if it is sufficient notice to allow the
Employer to find and train the replacement. In the event Employee notifies Employer he is terminating his employment with Employer, notwithstanding any provision herein to the contrary, Employer may elect to immediately terminate this contract or
select any other termination date earlier than that given by the Employee and such date will be deemed to have been mutually agreed upon by both parties. 

  

	18.	 The Termination Date specified by the Employee may expire on any day of the month and upon the Termination Date
the Employer will forthwith pay to the Employee any outstanding portion of the wage, accrued PTO and banked time, if any, calculated to the Termination Date. 

  

	19.	 Except pursuant to the terms of paragraph 16 above, after termination Employee will be entitled to receive only
those employee benefits required by law which are applicable to all former employees. 

 Conflict of Interest 

 

	20.	 During the term of Employee’s active employment with Employer, he agrees to comply with Employer’s
policies on conflict of interest. 

  

	21.	 During the term of the Employee’s active employment with the Employer, the Employee will not, directly or
indirectly, engage or participate in any other business activities that the Employer, in its reasonable discretion, determines to be in conflict with the best interests of the Employer without the written consent of the Employer, which consent will
not be unreasonably withheld. Employee agrees to inform Employer of any activities he engages in for compensation during his employment with Employer. 

  
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 Compliance with Employer’s Policies and Regulatory Policies and Procedures 

 

	22.	 During the term of the Employee’s employment with Employer, Employee agrees to comply with Employer’s
policies and procedures. Employee understands and agrees that Employer’s business is governed and restricted by a number of Federal and State regulations, policies and procedures. Employee agrees to know and comply with all Federal and State
regulations, policies and procedures which apply to his activities on behalf of Employer. 

  

	23.	 Restrictive covenants. 

 

	 	a)	 Executed contemporaneously with this agreement is a
‘‘Non-compete and Confidential Information” agreement. The mutual promises made in this agreement is part of the consideration provided for that
Non-compete and Confidential Information agreement. The terms of that Non-compete and Confidential Information agreement survive termination of employment for the
periods of time stated in and pursuant to the provisions of that Non- compete and Confidential Information agreement. 

 Contract
Binding Authority 
  

	24.	 Notwithstanding any other term or condition expressed or implied in this Agreement to the contrary, the
Employee will not have the authority to enter into any contracts or, commitments for or on the behalf of the Employer except as specifically authorized by Employer in writing. 

Remedies 
  

	25.	 In the event of a breach or threatened breach by the Employee of any of the provisions of this Agreement, the
Employee agrees that the Employer is entitled to a permanent injunction, in addition to and not in limitation of any other rights and remedies available to the Employer at law or in equity, in order to prevent or restrain any such breach by the
Employee or by the Employee’s partners, agents, representatives, servants, employees, and/or any and all persons directly or indirectly acting for or with the Employee. 

Severability 
  

	26.	 The Employer and the Employee acknowledge that this Agreement is reasonable, valid and enforceable. However, if
any term, covenant, condition or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties’ intent that such provision be changed in scope by the court only to the extent
deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated as a result. 

  
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 Notices 
  

	27.	 Any notices, deliveries, requests, demands or other communications required here will be deemed to be completed
when hand-delivered, delivered by agent, or by email to the parties at the following addresses or as the parties may later designate in writing: 

a. Employer: 
  

			
	Name:	  	PyraMax Bank, FSB, Attn: Monica Baker
		
	Address:	  	7001 W. Edgerton Ave., Greenfield, WI
		
	Email:	  	mbaker@pyramaxbank.com

 b. Employee: 
  

			
	Name:	  	Thomas Peterson
		
	Address:	  	312 W. Lilac Ln., Grafton, WI 53024
		
	Email:	  	Souperpetel@yahoo.com

 Modification of Agreement 
  

	28.	 Any amendment or modification of this Agreement or additional obligation assumed by either party in connection
with this Agreement will only be binding if evidenced in writing signed by each party or an authorized representative of each party. 

Governing Law 
  

	29.	 This Agreement will be construed in accordance with and governed by the laws of the state of Wisconsin.

 Definitions 
  

	30.	 For the purpose of this Agreement the following definitions will apply: 

 

	 	a	 “Customer Information” means customer information, including but not limited to, names of customers
and their representatives, contracts and their contents and parties, customer services, data provided by customers and the type, quantity and specifications of products and services purchased, or received by customers of the Employer.

  

	 	b.	 “Termination Date” means the date specified in this Agreement or in a subsequent notice by either the
Employee or the Employer to be the last day of employment under this Agreement. The parties acknowledge that various provisions of this Agreement will survive the Termination Date. 

General Provisions 
  

	31.	 Time is of the essence in this Agreement. 

 

	32.	 No failure or delay by either party to this Agreement in exercising any power, right or privilege provided in
this Agreement will operate as a waiver, nor will any single or partial exercise of such rights, powers or privileges preclude any further exercise of them or the exercise of any other right, power or privilege provided in this Agreement.

  
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	33.	 This Agreement will inure to the benefit of and be binding upon the respective heirs, executors,
administrators, successors and assigns, as the case may be, of the Employer and the Employee. 

  

	34.	 This Agreement may be executed in counterparts. Facsimile signatures are binding and are considered to be
original signatures. 

  

	35.	 This Agreement and the attached Employment Contract and the letter of Monica Baker constitute the entire
agreement between the parties and there are no further items or provisions, either oral or written. The parties to this Agreement stipulate that neither of them has made any representations with respect to the subject matter of this Agreement except
such representations as are specifically set forth in this Agreement, the attached Employment Contract and letter of Monica Baker. 

 IN
WITNESS WHEREOF, the parties have duly affixed their signatures under hand and seal on this 3rd day of January 2017. 
  

					
	EMPLOYER:	 	
	PyraMax Bank, FSB	 	
			
	By:	 	/s/ Chuck Mauer                   	 	(SEAL)
		
	EMPLOYEE:	 	
		
	/s/ Thomas Peterson	 	
	Thomas Peterson	 	

  
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 NON-COMPETE AND CONFIDENTIAL INFORMATION AGREEMENT

 The parties to this Agreement acknowledge that the undersigned Tom Peterson, (hereinafter referred to as “Employee”) has been offered an
employment contract with PyraMax Bank, FSB, (hereinafter sometimes referred to as “PyraMax Bank” or the “Bank”). The parties also acknowledge that in the course of Employee’s employment with PyraMax Bank, he will be given
certain Confidential Information (as further defined herein) and that this information will be essential to Employee’s performance of his/her job at PyraMax Bank. Employee and the Bank acknowledge that part of Employee’s compensation is
based on performance and that without access to the Bank’s Confidential Information Employee’s performance and compensation would be reduced. 

In consideration of Employee’s employment agreement with PyraMax Bank, and access to the Bank’s Confidential Information, which consideration the
Employee acknowledges is good and sufficient consideration for this Agreement, Employee and PyraMax Bank hereby agree as follows: 
  

	1.	 Restrictive Covenants. 

(a) Confidential Information. Employee acknowledges that the Bank has created and maintains at great expense strategic plans, sales data
and sales strategy, methods, products, procedures, processes, techniques, financial information, customer lists, personal customer data, pricing policies, personnel data and other similar confidential and proprietary information, and has received
from its customers certain confidential and proprietary information (collectively, the “Confidential Information”). Employee further acknowledges that the Bank has taken and will continue to take actions to protect the Confidential
Information. Accordingly, the Employee agrees that during the term of the Employee’s employment with the Bank, and until the sooner of (i) such time as the Confidential Information becomes generally available to the public through no fault
of the Employee or other person under the duty of confidentiality to the Bank, (ii) such time as the Confidential Information no longer provides a benefit to the Bank, or (iii) two (2) years after the termination of the Employee’s
employment with the Bank, the Employee will not, in any capacity, use or disclose, or cause to be used or disclosed, in any geographic territory in which the Bank or any of the Bank’s customers do business, any Confidential Information the
Employee acquired while employed by the Bank. The requirements of confidentiality and the limitations on use and disclosure described in this Agreement shall not apply to Confidential Information that the Employee can demonstrate by clear and
convincing evidence, at the time of disclosure by the Bank to the Employee, was known to the Employee as evidenced by the Employee’s contemporaneous written records. The parties hereto agree that nothing in this Agreement shall be construed to
limit or negate the law of torts or trade secrets where it provides the Bank with broader protection than that provided herein. 

  
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 (b) Return of Bank Property. The parties hereto acknowledge that any material (in
computerized or written form) that the Employee obtained in the course of performing the Employee’s employment duties are the sole and exclusive property of the Bank, the Employee agrees to immediately return any and all records, files,
computerized data, documents, Confidential Information or proprietary information. or any other property owned or belonging to the Bank in the Employee’s possession or under his or her control, without any originals or copies being kept by the
Employee or conveyed to any other person. upon the Employee’s separation from employment or upon the Bank’s request. 
 (c) Non-Interference with Customers, Employees. For a period of twelve (12) months following the termination of the Employee’s employment with the Bank for any reason, the Employee will not, directly or
indirectly, on behalf of him/himself or any other person. entity or enterprise, do any of the following: 
 (i) solicit or accept business
from any person or entity who is an Active Customer (as defined below) of the Bank, a Subsidiary of the Bank. or any of Bank’ s affiliates, with whom the Employee has had business contact during the twelve (12) month period prior to the
termination of the Employee’s employment with the Bank (the “Reference Period”) for the purpose of providing competitive products or services similar to those provided by the Employee during the Reference Period; 

(ii) request or advise any of the Active Customers, suppliers or other business contacts of the Bank who have business relationships with the
Bank and with whom the Employee had business contact during his/her employment with the Bank to withdraw, curtail or cancel any of their business relations with the Bank; 

(iii) induce or attempt to induce any employee or other personnel of the Bank to terminate his or her relationship or breach his/her
employment relationship or other contractual relationship, whether oral or written, with the Bank; provided, however, that nothing shall-prevent a future employer of the Employee from hiring such employee or other personnel if the Employee does not
otherwise violate this provision. 
 “Active Customer” shall mean any customer or prospective customer of the Bank which, within the
Reference Period, either received any products or services supplied by or on behalf of the Bank or was the recipient of at least two (2) business contacts by any personnel of the Bank (including the Employee). 

(d) Remedies. Notwithstanding any other provision of this Agreement, if the Employee breaches any provision of this Paragraph 1, the
Bank shall be entitled to injunctive and other equitable relief (without the necessity of showing actual monetary damages or of posting any bond or other security): (i) restraining and enjoining any act with would constitute a breach. or
(ii) compelling the performance of any obligation which, if not performed, would constitute a breach, as well as any other remedies available to the Bank, including monetary damages. Upon the Bank’s request, the Employee shall provide
reasonable assurances and evidence of compliance with the restrictive covenants set forth in this Paragraph 1. If any court of competent jurisdiction shall deem any provision in this Paragraph 1 too restrictive, the other provisions shall stand, and
the court shall modify the unduly restrictive provision to the point of greatest restriction permissible by law. The restrictive covenants set forth in this Paragraph 1 shall survive the termination of this Agreement, and the Employee’s
termination of employment for any reason, and the Employee shall continue to be bound by the terms of the Paragraph 1 as if this Agreement was still in effect. 

  
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 3. Employee and the Bank agree that any action, legal or equitable, concerning the validity,
enforcement or applicability of this Agreement to any set of circumstances shall be brought in the Circuit Court of Milwaukee County, State of Wisconsin. 

4. Employee hereby irrevocably submits him/herself to the jurisdiction of the Circuit Court of Milwaukee County, State of Wisconsin and waives
all objections to personal jurisdiction for the purpose of any action brought to enforce this Agreement or to contest the validity of any of the terms of this Agreement. 

5. This Agreement contains the entire agreement of the parties regarding the subject matter hereof. This Agreement may be modified only by a
duly authorized writing executed by both parties. 
  

			
	Dated: 1/3/17
		
	Employee:	 	/s/ Thomas Peterson
		 	Tom Peterson
		
	PyraMax Bank, FSB, by:	 	
		 	/s/ Chuck Mauer
		 	CCO
		 	Name and Title

 .., 

  
 3EX-10.5

 Exhibit 10.5 

NONQUALIFIED DEFERRED COMPENSATION PLAN 

ADOPTION AGREEMENT 
 The Plan Sponsor named
below hereby establishes a Nonqualified Deferred Compensation Plan for Eligible Individuals as provided in this Adoption Agreement and the Basic Plan Document. 
  

	I.	 Plan Sponsor Information 

 

	 	(a)	 Name and Address of Plan Sponsor: 

 

	 	 	 PyraMax Bank 

	 	 	 7001 W. Edgerton Greenfield WI 53220 

 

	 	(b)	 Plan Name: 

  

	 	 	 PyraMax Bank FSB NQDC 

 

	 	(c)	 Telephone Number: 414.235.5204 

 

	 	(d)	 Tax ID Number: 39-0624390 

 

	 	 	 Name of Plan: PyraMax Bank FSB N’QDC 

 

	 	(e)	 Tax Year End: 12/31 

  

	II.	 Definitions 

(a) Compensation Shall mean (select one or more): 
  

							
		 	(i)	  	☑	    	Regular Salary
				
		 	(ii)	  	☑	    	Bonuses
				
		 	(iii)	  	☐	    	Commissions
				
		 	(iv)	  	☐	    	Performance-Based Compensation
				
		 	(v)	  	☑	    	Director Fees

  
 1 

 April 2015 
  

	(b)	 Disability 

 

	 	(i)	 Distributable Event (select one): 

 

	 	(1)  ☑	 Disability shall be a Distributable Event under the Plan. 

	 	

	 	(2)  ☐	 Disability shall not be a Distributable Event under the Plan. 

 

	 	(ii)	 Definition: A Participant shall be disabled if the Participant 

	 	  	 (select one or more, if applicable): 

 

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

  

	 	(2)  ☐	 is by reason of any medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Participant’s Plan
Sponsor; 

  

	 	(3)  ☐	 is determined to be disabled in accordance with a disability insurance program that applies a definition of
disability that complies with the requirements of (1) or (2) above; 

  

	 	(4)  ☑	 is determined to be disabled by the Social Security Administration or Railroad Retirement Board.

  

	(c)	 Domestic Partner Shall mean an individual whose domestic partnership with a Participant has been
registered with the Plan Sponsor, if required under the policies and procedures established by the Plan Sponsor, and is (select one): 

  

	 	(i)  ☑	 An individual over age 18 in a committed relationship with the Participant which relationship includes the
following characteristics: the parties have shared the same regular and permanent residence for at least six (6) months; neither party is legally married to any other person; the parties have no blood relationship that would preclude marriage
both parties have attained the age of legal majority in their state of residence; and the parties are financially interdependent. 

  

	 	(i)  ☐	 An individual who satisfies the following criteria:
                                         
                                    

  
 2 

	 	(ii)  ☐	 The Plan does not recognize Domestic Partners. 

 

	(d)	 Interim Distribution Date Shall mean (select one): 

 

	 	(i)  ☐	 The first day of the Taxable Year in which falls the date that is three (3), five (5) or ten
(10) years beginning after the Taxable Year in which the services giving rise to the earliest Compensation Deferrals and/or Matching or Discretionary Credits subject to the Interim Distribution Date are to be performed, as selected by the
Participant, upon which a distribution shall be made in accordance with Section 6.9 of the Plan document. 

  

	 	(ii)  ☐	 The first day of the Taxable Year in which falls the date that is
                (may be three (3) or greater),       (must be five (5) or
greater, and must be greater than the number set forth in the immediately preceding blank line),
or                     (must be five (5) or greater, and must be greater than the number set forth in the immediately
preceding blank line) years beginning after the Taxable Year in which the services giving rise to the earliest Compensation Deferrals and/or Matching or Discretionary Credits subject to the Interim Distribution Date are to be performed, as
selected by the Participant, upon which a distribution shall be made in accordance with Section 6.9 of the Plan document. (For example, if the Plan Sponsor selects 3, 6 and 10 years above, a Participant who defers Compensation otherwise payable
in 2015 may elect to have an Interim Distribution Date with respect to such deferral that is January 1, 2018, January 1, 2021 or January 1, 2025.) 

 

	(e)	 De Minimis Distributions (select one): 

 

	 	(i)   ☐	 The Plan Sponsor shall not make De Minimis Distributions. 

 

	 	(ii)  ☐	 The Plan Sponsor shall make De Minimis Distributions, and, notwithstanding the Participant’s election
regarding the Separation from Service Payment, the Plan Sponsor shall pay the Participant’s benefit in a single lump sum payment, provided that: 

  

	 	(1)	 the payment accompanies the termination and liquidation of the entirety of the Participant’s interest in
the Plan and all Aggregated Plans, and 

  

	 	(2)	 the payment is not greater than (select one): 

 

	 	(A)	 ☐
$                                (select an amount no greater
than the current applicable dollar limit under Code section 402(g)(1)(8)) ($18,000 for 2015) (the “Applicable Dollar Limit”)), or 

  
 3 

	 	(B)  ☑	 The Applicable Dollar Limit, as adjusted, for the Taxable Year in which the payment occurs.

  

	(f)	 Effective Date This is a (select one): 

 

	 	(i)   ☐	 New Plan. The effective date of this new Plan is __________________________ 

 

	 	(ii)  ☑	 Restatement of an existing Plan. The Plan was originally effective as of 01/01/2012 The effective date of this
restated Plan document and Adoption Agreement is 01/01/2016. This restated Plan document and Adoption Agreement apply to all amounts (select 1 or 2 and, if applicable, 3) 

 

	 	(1)  ☐	 deferred in taxable years beginning after An amount is considered deferred as of any date for purposes of this
Section if the Participant has a legally binding right to be paid the amount and the right to the amount is earned and vested. 

  

	 	(2)  ☐	 ________________________________  

 

	 	(3)  ☐	 Notwithstanding the foregoing, this restated Plan document and Adoption Agreement will not apply to the
following amounts (describe, if applicable): ____________________________________ 

  

	III.	 Eligibility 

The Plan is intended to be “a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred
compensation for a select group of management or highly compensated employees” within the meaning of §§201(2) and 301(a)(3) of the Employee Retirement Income Security Act of 1974 (“ERISA”). The Plan Sponsor should consult
with counsel regarding eligibility under the “select group” standard. 
 An individual shall be an Eligible Individual as follows
(select one or more): 
  

	 	(a)  ☑	 If he or she is designated as an Eligible Individual by resolution of the Board of the Plan Sponsor.

  

	 	(b)  ☐	 If he or she is designated, in writing, as an Eligible Individual by the Plan Administrator. The Plan
Administrator will not vote or act on any matter regarding eligibility that relates solely to himself or herself. 

  
 4 

	 	(a)    ☐	 If he or she occupies one of the following positions: 

 

	 	(b)    ☑	 If his or her Compensation for a Taxable Year is expected to be greater than $120,000 

 

	 	(c)    ☐	 If he or she is an Eligible Individual, as defined in Ill (a), (b) (c) or (d) above, of an Additional
Adopting Plan Sponsor as listed on Exhibit A attached to this Adoption Agreement and is otherwise defined as an Eligible Individual under the Plan. 

  

	 	IV.	 Compensation Deferrals (select one or more): 

 

	 	(a)    ☐	 A Participant’s Compensation Deferrals with respect to a Taxable Year shall be limited to a minimum of
(select one or more): 

  

	 	(i)	 ☐    _____________________ % of a Participant’s Regular Salary

  

	 	(ii)	 ☐    _____________________ % of a Participant’s Bonus

  

	 	(iii)	 ☐    _____________________ % of a Participant’s Commission

  

	 	(iv)	 ☐    _____________________ % of a Participant’s Performance-Based
Compensation 

  

	 	(v)	 ☐    _____________________ % of a Participant’s Director’s Fees

  

	 	(b)    ☐	 A Participant’s Compensation Deferrals with respect to a Taxable Year shall be limited to a maximum of
(select one or more): 

  

	 	(i)	 ☑    _______100___________ % of a Participant’s Regular Salary

  

	 	(ii)	 ☑    _______100___________ % of a Participant’s Bonus

  

	 	(iii)	 ☑    _______100___________ % of a Participant’s Commission

  

	 	(iv)	 ☐    _____________________ % of a Participant’s Performance-Based
Compensation 

  

	 	(v)	 ☑    _______100___________ % of a Participant’s Director’s
Fees 

  

	 	(c)    ☐	 Participant’s Compensation Deferrals with respect to a Taxable Year shall be limited to a minimum of
(select one or more): 

  

	 	(i)	 ☐    _____________________ % of a Participant’s Regular Salary

  

	 	(ii)	 ☐    _____________________ % of a Participant’s Bonus

  

	 	(iii)	 ☐    _____________________ % of a Participant’s Commission

  

	 	(iv)	 ☐    _____________________ % of a Participant’s Performance-Based
Compensation 

  

	 	(v)	 ☐    _____________________ % of a Participant’s Director’s Fees

  
 5 

	 	(d)    ☐	 A Participant’s Compensation Deferrals with respect to a Taxable Year shall be limited to a maximum of
(select one or more): 

  

	 	(i)	 ☐    _____________________ % of a Participant’s Regular Salary

  

	 	(ii)	 ☐    _____________________ % of a Participant’s Bonus

  

	 	(iii)	 ☐    _____________________ % of a Participant’s Commission

  

	 	(iv)	 ☐    _____________________ % of a Participant’s Performance-Based
Compensation 

  

	 	(v)	 ☐    _____________________ % of a Participant’s Director’s Fees

  

	 	(e)	 A Participant’s Compensation Deferral election (select one): 

 

	 	(i)	 ☐ will 

  

	 	(ii)	 ☐ will not 

evergreen (or carry over) to subsequent Taxable Years. (If a Participant’s Compensation Deferral election does not evergreen, or
carryover, to a subsequent Taxable Year, the Participant will be deemed to have elected not to defer Compensation during a subsequent Taxable Year unless the Participant submits, in accordance with the terms of the Plan and Code §409A, an
affirmative Compensation Deferral election for each upcoming Taxable Year.) 
  

	 	V.	 Matching Credits 

 

	 	(a)	 Matching Credits shall be determined in accordance with one or more of the following methods (select one or
more): 

  

	 	(i)    ☐	 The Plan Sponsor shall credit to the Account of each Participant
                    % of such Participant’s Compensation Deferrals. Matching Credits shall be made based on Compensation Deferrals made
each (select one): 

  

	 	(1)	 ☐ Pay Period 

  

	 	(2)	 ☐ Taxable Year 

 

	 	(3)	 ☐ Other (specify) _______________________________ 

  
 6 

	 	(ii)	 The Plan Sponsor shall credit to the Account of each Participant      % of
such Participant’s Compensation Deferrals that do not exceed      % the Participant’s Compensation, plus       % of the Participant’s Compensation Deferrals
that exceed _____% of such Participant’s Compensation but do not exceed _____% of the Participant’s Compensation. Matching Credits shall be made based on Compensation Deferrals made each (select one): 

 

	 	(1)	 Pay Period 

	 	(2)	 Taxable Year 

	 	(3)	 Other (specify) _______________________________ 

 

	 	(iii)	 ☐ The Plan Sponsor shall credit to the Account of each Participant an annual Matching Credit equal
to (a) the matching contribution amount (if any) which the Plan Sponsor would have contributed under the Participant’s qualified plan account or accounts for the Taxable Year were the Plan Sponsor not prohibited under applicable law
(including due to Code, including ACP testing, limits) from making such a matching contribution under the qualified plan, minus (b) the matching contribution the Plan Sponsor actually contributed under the Participant’s qualified plan
account or accounts for the Taxable Year. Notwithstanding the preceding, a Participant will receive an annual Matching Credit under this Plan for a Taxable Year only if the Participant has made the maximum salary reduction contributions permitted
under the qualified plan during the applicable Taxable Year. 

  

	 	(iv)	 ☐An amount determined and made at a time in the discretion of the Plan Sponsor. 

 

	 	(v)	 ☑ The Plan does not offer Matching Credits. 

 

	 	(b)	 Limitations on Matching Credits. 

 

	 	(i)	 ☐ The Matching Credit shall not exceed
$                        for any Participant. 

 

	 	(ii)	 ☐ The Plan Sponsor shall not provide a Matching Credit for any Compensation Deferral in excess
of                % of the Participant’s Compensation. 

  

	 	(c)	 Eligibility for Matching Credit (select one or more) (As noted above, if the Plan Sponsor elects to
make Matching Credits in accordance with (a)(iii), a Participant will be eligible for an annual Matching Credit only if the Participant has made the maximum salary reduction contributions permitted under the Plan Sponsor’s qualified plan during
the applicable Taxable Year): 

  

	 	(i)	 ☐ All Participants who have completed at least _____ Hours of Employment during the Taxable Year. The
term 

  
 7 

 “Hours of Employment” is defined as: 

_____________________________________ 

_____________________________________ 
  

	 	(ii)	 ☐ All Participants employed on the last day of a Taxable Year. 

 

	 	(iii)	 ☐ All Participants who satisfy the following conditions: 

_____________________________________ 

_____________________________________ 
  

	 	(iv)	 ☑ No eligibility conditions. All Participants who make Compensation Deferrals are eligible for Matching
Credits. 

  

	 	VI.	 Discretionary Credits 

 

	 	(a)	 Amount of Discretionary Credit (select one): 

 

	 	(i)	 ☑ An amount determined at the discretion of Plan Sponsor, which need not be uniform as to Participants.

  

	 	(ii)	 ☐ An amount determined by the following formula: 

	 	  	 __________________________________________ 

	 	  	 __________________________________________ 

 

	 	(iii)	 An amount equal to (a) the non-matching contribution amount (if
any) which the Plan Sponsor would have contributed under the Participant’s qualified plan account or accounts for the Taxable Year were the Plan Sponsor not prohibited under applicable law (including due to Code limits) from making such a
contribution under the qualified plan, minus (b) the non-matching contribution the Plan Sponsor actually contributed under the Participant’s qualified plan account or accounts for the Taxable Year.

  

	 	(iv)	 ☐ The Plan does not offer Discretionary Credits. 

 

	 	(b)	 Eligibility for Discretionary Credit (select one or more): 

 

	 	(i)    ☐	 All Participants who have completed at least _______ Hours of Employment during the Taxable Year. (The term
“Hours of Employment” must be defined as defined above. If no Matching Contributions are provided, or “Hours of Employment” are not an eligibility requirement for Matching Contributions, the term “Hours of
Employment” is defined as: ___________________________________ 

  
 8 

	 	(ii)  ☐	 All Participants employed on the last day of a Taxable Year. 

 

	 	(ii)  ☐	 All Participants who satisfy the following conditions: 

	 	  	 _________________________________________________ 

	 	  	 _________________________________________________ 

 

	 	(iv)  ☐	 No eligibility conditions. All Participants who are Eligible Individuals of the Plan Sponsor during the Taxable
Year are eligible for Discretionary Credits. 

  

	 	VH.	 Vesting and Forfeitures (select one or more): 

 

	 	(a)  ☐	 A Participant’s entire Account shall be 100% vested at all times. 

 

	 	(b)  ☐	 A Participant’s vesting schedule can be accelerated at the discretion of the Plan Administrator if such a
change in vesting schedule is in writing. The Plan Administrator will not vote or act on any matter regarding Vesting and Forfeitures that relates solely to himself or herself. 

 

	 	(c)  ☑	 The Participant shall at all times be one-hundred percent (100%) vested
in his or her Compensation Deferrals, as well as in any hypothetical appreciation (or depreciation) specifically attributable to such Compensation Deferrals due to Investment Credits and Debits. The Participant shall vest in Matching Credits and/or
Discretionary Credits, as well as in any hypothetical appreciation (or depreciation) specifically attributable to such amounts due to Investment Credits and Debits, pursuant to the vesting schedule shown below. 

 

			
	Years of Service	  	Vesting Percentage
	 1
	  	20%
	 2
	  	40%
	 3
	  	60%
	 4
	  	80%
	 5
	  	100%

 For purposes of the above schedule, a Participant shall earn a “Year of Service” as
follows: 
 __________________________________________________________________ 

__________________________________________________________________ 

The Vesting Schedule specified above applies (select one): 
  

	 	☐	 separately to each Class Year Account of a Participant 

 

	 	☐	 the entire Plan Account of a Participant. 

  
 9 

	 	(d)  ☑	 A Participant’s entire Account shall become 100% vested upon (select one or more):

  

	 	(i)	 ☑ The Participant’s death while employed 

 

	 	(ii)	 ☑ The Participant’s Disability while employed. 

 

	 	(iii)	 ☐ The Participant’s attainment of age _____ while employed. 

 

	 	(iv)	 ☑ A Plan Termination Following a Change in Control Event, if applicable. 

 

	 	(i)	 ☐ A Conflict of Interest Divestiture. 

 

	 	(ii)	 ☐ The Participant’s involuntary Separation from Service Without Good Cause by the Plan Sponsor.

  

	 	(e)  ☐	 A Participant who is otherwise vested in accordance with this Section VII shall nevertheless forfeit his or her
vested Account (other than Compensation Deferrals and any hypothetical appreciation or depreciation specifically attributable to such Compensation Deferrals) under the following circumstances {please specify): 

	 	  	 ________________________________________________________________________________________ 

	 	  	 ________________________________________________________________________________________ 

 

	 	(f)	 Any forfeitures under the Plan shall be credited to the Account of each Participant other than the Participant
whose Account generated the forfeiture in the same proportion that each such Participant’s Account as of the end of the Taxable Year in which the forfeiture occurred bears to the Accounts of all such Participants as of the same date.

  

	 	VIII.	 Delay in Payment (select one or more): 

An amount otherwise required to be paid under the Plan shall be delayed if the payment 

 

	 	(a)  ☐	 Is subject to Code §162(m). 

 

	 	(b)  ☐	 Violates federal securities laws or certain other applicable law. 

  
 10 

	 	IX.	 Change in Control Event 

 

	 	(a)	 A Change in Control Event shall be defined as (election applies only to Plan Sponsors that are corporations;
select one or more):  

  

	 	(i)    ☑	 Change in Ownership of the Corporation. 

 

	 	(ii)   ☑	 A Change in the Effective Control of the Corporation. 

 

	 	(iii)  ☐	 A Change in Ownership of a Substantial Portion of a Corporation’s Assets. 

 

	 	(b)	 The occurrence of a Change in Control Event shall (select one): 

 

	 	(i)    ☐	 not, under any circumstances, including the discretion of the Plan Sponsor, constitute a Plan Termination
Following a Change in Control Event. 

  

	 	(ii)   ☐	 constitute a Plan Termination Following a Change Control Event. 

 

	 	(iii)  ☑	 may constitute a Plan Termination Following a Change in Control Event, at the discretion of the Plan Sponsor,
within 12 months of a Change in Control Event. 

  

	 	X.	 Distribution Elections 

(a) A Participant’s election of the form and timing of payment of his or her benefit under the Plan applies (select one): 

 

	 	(i)   ☐	 separately to each vested Class Year Account 

 

	 	(ii)  ☐	 to his or her entire vested Account. 

(b) If a Participant may submit a new form and timing of payment election for each Class Year Account, a Participant’s form and
timing of payment election (select one): 
  

	 	(i)   ☐	 will 

  

	 	(ii)  ☑	 will not 

evergreen (or carry over) to apply to subsequent Class Year Accounts. 

(c) For purposes of Section 6.3 of the Plan, Normal Retirement Age means Age ________ 

  
 11 

	XI.	 Signatures 

  

	 	 This Nonqualified Deferred Compensation Plan, including this Adoption Agreement, has been designed to permit
Participants to defer Federal and state income tax on amounts credited to their Accounts until a later Taxable Year. The Plan Sponsor adopting this Plan should consult with tax counsel regarding the consequences of adopting this Plan to both the
Plan Sponsor and Participants and the effect an amendment or restatement of an existing plan using this Plan Document may have, if any, under Code §409A. Registration of interests under this Nonqualified Deferred Compensation Plan may be
required under securities law. Independent legal counsel should be consulted with respect to securities law issues. By executing this Adoption Agreement, the Plan Sponsor acknowledges that no representations or warranties as to the legal
consequences (including the tax and securities law consequences) to the Plan Sponsor and Participants of the operation of this Plan have been made by the entity that has provided this Plan document and Adoption Agreement. 

 

	 	 The Plan and this accompanying Adoption Agreement were adopted by the Plan Sponsor the 1st day of January, 2016. 

  

	 	 Executed for the Plan Sponsor by: Monica Baker 

 

	 	 Title of Individual: Chief Brand Officer 

 

	 	 Signature: 

  
 12 

 EXHIBIT A 

ADDITIONAL ADOPTING PLAN SPONSORS 
 In
accordance with paragraph 1.33 of the Basic Plan Document, the Plan Sponsor has consented to allow the following entities to participate in the Plan: 
  

	1.	 

  

	2.	 

  

	3.	 

  

	4.	 

  

	5.	 

  

	6.	 

  

	7.	 

  

	8.	 

  

	9.	 

  

	10.	 

  
 13 

 NONQUALIFIED DEFERRED COMPENSATION PLAN 

BASIC PLAN DOCUMENT 

 April 2015 

TABLE OF CONTENTS 
  

											
	 PREAMBLE
	  	 	1	 
				
		  				  	ARTICLE I	  			
		
	DEFINITIONS	  	 	2	 
		  	 	1.1	 	  	Account	  	 	2	 
		  	 	1.2	 	  	Adoption Agreement	  	 	2	 
		  	 	1.3	 	  	Affiliate	  	 	2	 
		  	 	1.4	 	  	Aggregated Plan	  	 	2	 
		  	 	1.5	 	  	Beneficiary	  	 	2	 
		  	 	1.6	 	  	Benefit Benchmarks	  	 	2	 
		  	 	1.7	 	  	Board	  	 	2	 
		  	 	1.8	 	  	Change in Control Event	  	 	2	 
		  	 	1.9	 	  	Class Year Account	  	 	7	 
		  	 	1.10	 	  	Code	  	 	7	 
		  	 	1.11	 	  	Commissions	  	 	7	 
		  	 	1.12	 	  	Compensation	  	 	7	 
		  	 	1.13	 	  	Compensation Deferral Agreement	  	 	7	 
		  	 	1.14	 	  	Compensation Deferrals	  	 	7	 
		  	 	1.15	 	  	Conflict of Interest Divestiture	  	 	7	 
		  	 	1.16	 	  	Corporate Dissolution	  	 	7	 
		  	 	1.17	 	  	De Minimis Distribution	  	 	7	 
		  	 	1.18	 	  	Disability	  	 	7	 
		  	 	1.19	 	  	Distributable Event	  	 	7	 
		  	 	1.20	 	  	Domestic Partner	  	 	8	 
		  	 	1.21	 	  	Domestic Relations Order	  	 	8	 
		  	 	1.22	 	  	Effective Date	  	 	8	 
		  	 	1.23	 	  	Eligible Individual	  	 	8	 
		  	 	1.24	 	  	ERISA	  	 	8	 
		  	 	1.25	 	  	Income Inclusion Under Code § 409A	  	 	8	 
		  	 	1.26	 	  	Interim Distribution Date	  	 	8	 
		  	 	1.27	 	  	Investment Commissions	  	 	9	 
		  	 	1.28	 	  	Investment Credits and Debits	  	 	9	 
		  	 	1.29	 	  	Nonqualified Deferred Compensation Plan	  	 	9	 
		  	 	1.30	 	  	Normal Retirement Age	  	 	9	 
		  	 	1.31	 	  	Participant	  	 	9	 
		  	 	1.32	 	  	Performance-Based Compensation	  	 	10	 
		  	 	1.33	 	  	Plan	  	 	10	 
		  	 	1.34	 	  	Plan Administrator	  	 	10	 
		  	 	1.35	 	  	Plan Sponsor	  	 	11	 
		  	 	1.36	 	  	Plan Termination Following a Change in Control Event	  	 	11	 
		  	 	1.37	 	  	Plan Termination Following a Corporate Dissolution	  	 	11	 
		  	 	1.38	 	  	Plan Termination in Connection with Termination of Certain Similar Arrangements	  	 	11	 
		  	 	1.39	 	  	Regular Salary	  	 	11	 
		  	 	1.40	 	  	Sales Commissions	  	 	11	 
		  	 	1.41	 	  	Separation from Service	  	 	12	 
		  	 	1.42	 	  	Specified Employee	  	 	13	 
		  	 	1.43	 	  	Spouse	  	 	14	 
		  	 	1.44	 	  	Taxable Year	  	 	14	 
		  	 	1.45	 	  	Trust	  	 	14	 
		  	 	1.46	 	  	Trustee	  	 	14	 
		  	 	1.47	 	  	Unforeseeable Emergency	  	 	14	 
		  	 	1.48	 	  	Valuation Date	  	 	14	 
		  	 	1.49	 	  	Without Good Cause	  	 	14	 

  
 I 

									
			
		  	 ARTICLE II
	  			
		
	ELIGIBILITY AND PARTICIPATION	  	 	15	 
		  	2.1	  	Eligibility	  	 	15	 
		  	2.2	  	Participation	  	 	15	 
		  	2.3	  	Compensation Deferral Agreement	  	 	15	 
		  	2.4	  	Matching Credits and Discretionary Credits	  	 	17	 
		  	2.5	  	Establishing a Reserve for Plan Liabilities	  	 	17	 
			
		  	 ARTICLE III
	  			
		
	PARTICIPANT ACCOUNTS AND REPORTS	  	 	17	 
		  	3.1	  	Establishment of Accounts	  	 	17	 
		  	3.2	  	Account Maintenance	  	 	18	 
		  	3.3	  	Investment Credits and Debits	  	 	18	 
		  	3.4	  	Participant Statements	  	 	19	 
			
		  	 ARTICLE IV
	  			
		
	WITHHOLDING OF TAXES	  	 	20	 
		  	4.1	  	Withholding from Compensation	  	 	20	 
		  	4.2	  	Withholding from Benefit Distributions	  	 	20	 
			
		  	 ARTICLE V
	  			
		
	VESTING	  	 	20	 
		  	5.1	  	Vesting	  	 	20	 
			
		  	 ARTICLE VI
	  			
		
	PAYMENTS	  	 	20	 
		  	6.1	  	Benefits	  	 	20	 
		  	6.2	  	Timing of Distribution Elections	  	 	21	 
		  	6.3	  	Separation from Service Payment	  	 	22	 
		  	6.4	  	Conflict of Interest Divestiture	  	 	23	 
		  	6.5	  	Death Benefit	  	 	23	 
		  	6.6	  	Disability Benefit	  	 	23	 
		  	6.7	  	Domestic Relations Order Payment	  	 	24	 
		  	6.8	  	Unforeseeable Emergency Distribution	  	 	24	 
		  	6.9	  	Election to Receive Interim Distributions	  	 	24	 
		  	6.10	  	Payment upon Income Inclusion Under § 409A	  	 	25	 
		  	6.11	  	Permissible Delay in Payments	  	 	25	 
		  	6.12	  	Beneficiary Designation	  	 	26	 
		  	6.13	  	Claims Procedure	  	 	26	 
			
		  	 ARTICLE VII
	  			
		
	CANCELLATION OF DEFERRALS	  	 	31	 
		  	7.1	  	Unforeseeable Emergency	  	 	31	 

  
 II 

									
	 ARTICLE VIII
	  			
		
	 PLAN ADMINISTRATION
	  	 	31	 
		  	8.1	  	Appointment	  	 	31	 
		  	8.2	  	Duties of Plan Administrator	  	 	31	 
		  	8.3	  	Plan Sponsor	  	 	32	 
		  	8.4	  	Administrative Fees and Expenses	  	 	32	 
		  	8.5	  	Plan Administration and Interpretation	  	 	32	 
		  	8.6	  	Powers, Duties, Procedures	  	 	32	 
		  	8.7	  	Information	  	 	33	 
		  	8.8	  	Indemnification of Plan Administrator	  	 	33	 
		  	8.9	  	Plan Administration Following a Change in Control Event	  	 	33	 
		
	 ARTICLE IX
	  			
		
	 TRUST FUND
	  	 	34	 
		  	9.1	  	Trust	  	 	34	 
		  	9.2	  	Unfunded Plan	  	 	34	 
		  	9.3	  	Assignment and Alienation	  	 	34	 
		
	 ARTICLE X
	  			
		
	 AMENDMENT AND PLAN TERMINATION
	  	 	35	 
		  	10.1	  	Amendment	  	 	35	 
		  	10.2	  	Plan Termination	  	 	35	 
		  	10.3	  	Plan Termination Following a Change in Control Event	  	 	35	 
		  	10.4	  	Plan Termination Following a Corporate Dissolution	  	 	36	 
		  	10.5	  	Plan Termination in Connection with Termination of Certain Similar Arrangements	  	 	36	 
		  	10.6	  	Effect of Payment	  	 	37	 
		
	 ARTICLE XI
	  			
		
	 MISCELLANEOUS
	  	 	37	 
		  	11.1	  	Total Agreement	  	 	37	 
		  	11.2	  	Employment Rights	  	 	38	 
		  	11.3	  	Non-Assignability	  	 	38	 
		  	11.4	  	Binding Agreement	  	 	38	 
		  	11.5	  	Receipt and Release	  	 	38	 
		  	11.6	  	Furnishing Information	  	 	38	 
		  	11.7	  	Compliance with Code § 409A	  	 	39	 
		  	11.8	  	Insurance	  	 	39	 
		  	11.9	  	Governing Law	  	 	39	 
		  	11.10	  	Headings and Subheadings	  	 	39	 

  
 III 

 PREAMBLE 

The Plan Sponsor, by executing the Nonqualified Deferred Compensation Plan Adoption Agreement, hereby establishes or amends an unfunded Nonqualified Deferred
Compensation Plan for a select group of management or highly compensated Eligible Individuals. Under the terms of the Plan, Eligible Individuals may elect to defer receipt of their Compensation to a later Taxable Year. 

Participants shall have no right, either directly or indirectly, to anticipate, sell, assign or otherwise transfer any benefit accrued under the Plan. In
addition, no Participant shall have any interest in any assets set aside as a source of funds to satisfy benefit obligations under the Plan. Participants shall have the status of general unsecured creditors of the Plan Sponsor, and the Plan shall
constitute an unsecured promise by the Plan Sponsor to make benefit payments in the future. 
 The Plan is intended to be “a plan which is unfunded and
is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of ERISA §§201(2) and 301(a)(3), is intended to comply with
the requirements of Code §409A and the regulations and binding guidance issued thereunder to avoid adverse tax consequences and shall be interpreted and administered to the extent possible in a manner consistent with that intent. 

 ARTICLE I 

DEFINITIONS 
  

	1.1	 Account The bookkeeping account established for each Participant to record his or her
benefit under the Plan. 

  

	1.2	 Adoption Agreement The written instrument by which the Plan Sponsor establishes or amends
a Nonqualified Deferred Compensation Plan for Eligible Individuals. 

  

	1.3	 Affiliate Any corporation or business entity that would be considered a single employer
with the Plan Sponsor pursuant to Code §§ 414(b) or 414(c). 

  

	1.4	 Aggregated Plan A nonqualified deferred compensation plan that is required to be
aggregated and treated with the Plan as a single plan under Code § 409A. 

  

	1.5	 Beneficiary An individual, individuals, trust or other entity designated by the
Participant to receive his or her benefit in the event of the Participant’s death. If more than one Beneficiary survives the Participant, the Participant’s benefit shall be divided equally among all such Beneficiaries, unless otherwise
provided in the Beneficiary Designation form. Nothing herein shall prevent the Participant from designating primary and contingent Beneficiaries. 

  

	1.6	 Benefit Benchmarks Hypothetical investment funds or benchmarks made available to
Participants by the Plan Administrator for purposes of valuing benefits under the Plan. 

  

	1.7	 Board The Board of Directors of the Plan Sponsor identified in Section I of the Adoption
Agreement, or similar governing body if such Plan Sponsor has no Board of Directors. 

  

	1.8	 Change in Control Event A Change in Ownership, Change in Effective Control or Change in
Ownership of a Substantial Portion of Assets, as elected by the Plan Sponsor in the Adoption Agreement, of a corporation identified in Section 1.8(e). 

  

	 	(a)	 Change in Effective Control of the Corporation 

 

	 	(i)	 Notwithstanding that a corporation has not undergone a Change in Ownership, a Change in Effective Control
occurs on the date that either: 

  

	 	(1)	 any one person or Persons 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 Acting as a Group) ownership of stock of the corporation possessing 30 percent or more of the total voting power of
the stock of such corporation; or 

  
 2 

	 	(2)	 a majority of members of the corporation’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the corporation’s board of directors prior to the date of the appointment or election, provided that
for purposes of this Section 1.8(a)(i)(2) the term corporation refers solely to the relevant corporation identified in Section 1.8(e) for which no other corporation is a majority shareholder for purposes of that section.

 In the absence of an event described in Section 1.8(a)(i)(1) or Section 1.8(a)(i)(2) a Change in Effective
Control will not have occurred. 
  

	 	(ii)	 A Change in Effective Control may occur in any transaction in which either of the two corporations involved in
the transaction has a Change in Ownership or a Change in Ownership of a Substantial Portion of Assets. 

  

	 	(iii)	 If any one person or Persons Acting as a Group, is considered to effectively control a corporation (within the
meaning of this Section 1.8(a)), the acquisition of additional control of the corporation by the same person or Persons Acting as a Group is not considered to cause a Change in Effective Control (or to cause a Change in Ownership within the
meaning of Section 1.8(b)). 

  

	 	(b)	 Change in the Ownership of the Corporation. A Change in Ownership occurs on the date that any one
person or Persons Acting as a Group, acquires ownership of stock of the corporation that, together with stock held by such person or Persons Acting as a Group, constitutes more than 50 percent of the total fair market value or total voting
power of the stock of such corporation. However, if any one person or Persons Acting as a Group, is considered to own more than 50 percent of the total fair market value or total voting power of the stock of a corporation, the acquisition of
additional stock by the same person or Persons Acting as a Group is not considered to cause a Change in Ownership (or to cause a Change in Effective Control). An increase in the percentage of stock owned by any one person or Persons Acting as a
Group, as a result of a transaction in which the 

  
 3 

	 	 	 corporation acquires its stock in exchange for property will be treated as an acquisition of stock for purposes
of a Change in Ownership. A Change in Ownership applies only when there is a transfer of stock of a corporation (or issuance of stock of a corporation) and stock in such corporation remains outstanding after the transaction. 

 

	 	(c)	 Change in the Ownership of a Substantial Portion of a Corporation’s Assets

  

	 	(i)	 A Change in Ownership of a Substantial Portion of Assets occurs on the date that any one person or Persons
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 Acting as a Group) assets from the corporation that have a
total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of the corporation immediately prior to such acquisition or acquisitions. For this purpose, gross fair market value means
the value of the assets of the corporation, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 

 

	 	(ii)	 There is no Change in Ownership of a Substantial Portion of Assets when there is a transfer to an entity that
is controlled by the shareholders of the transferring corporation immediately after the transfer, as provided in this Section 1.8(c)(ii). A transfer of assets by a corporation is not treated as a change in the ownership of such assets if the
assets are transferred to: 

  

	 	(1)	 a shareholder of the corporation (immediately before the asset transfer) in exchange for or with respect to its
stock; 

  

	 	(2)	 an entity, 50 percent or more of the total value or voting power of which is owned, directly or
indirectly, by the corporation; 

  

	 	(3)	 a person or Persons Acting as a Group, that owns, directly or indirectly, 50 percent or more of the total
value or voting power of all the outstanding stock of the corporation; or 

  

	 	(4)	 an entity, at least 50 percent of the total value or voting power of which is owned, directly or
indirectly, by a person described in Section 1.8(c)(ii)(c.). 

  

	 	 	 For purposes of this Section 1.8(c)(ii) and except as otherwise provided, a person’s status is
determined immediately after the transfer of the assets. 

  
 4 

	 	(d)	 Persons Acting as a Group 

 

	 	(i)	 With regards to Change in the Ownership, persons will not be considered to be acting as a group solely because
they purchase or own stock of the same corporation at the same time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger,
consolidation, purchase or acquisition of stock or similar business transaction with the corporation. If a person, including an entity, owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock, or
similar transaction, such shareholder is considered to be acting as a group with other shareholders only with respect to the ownership in that corporation before the transaction giving rise to the change and not with respect to the ownership
interest in the other corporation. 

  

	 	(ii)	 With regards to Change in Effective Control, persons will not be considered to be acting as a group solely
because they purchase or own stock of the same corporation at the same time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger,
consolidation, purchase or acquisition of stock or similar business transaction with the corporation. If a person, including an entity, owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock, or
similar transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation only with respect to the ownership in that corporation before the transaction giving rise to the change and not with respect to the
ownership interest in the other corporation. 

  

	 	(iii)	 With regards to Change in Ownership of a Substantial Portion of Assets, persons will not be considered to be
acting as a group solely because they purchase assets of the same corporation at the same time. However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or
acquisition of assets or similar business transaction with the corporation. If a person, including an entity shareholder owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock, or similar

  
 5 

	 	
transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation only to the extent of the ownership in that corporation before the transaction giving
rise to the change and not with respect to the ownership interest in the other corporation. 

  

	 	(e)	 To constitute a Change in Control Event as to a Participant, the Change in Control Event must relate to:

  

	 	(i)	 the corporation with respect to which the Participant is an Eligible Individual at the time of the Change in
Control Event; 

  

	 	(ii)	 the corporation that is liable for the payment of the Account (or all corporations liable for the payment if
more than one corporation is liable) but only if either the Participant’s benefits under the Plan are attributable to the performance of services by the Participant for such corporation (or corporations) or there is a bona fide business purpose
for such corporation or corporations to be liable for such payment and, in either case, no significant purpose in making such corporation or corporations liable for such payment is the avoidance of Federal income tax; or 

 

	 	(iii)	 a corporation that is a majority shareholder of a corporation identified in Sections 1.8(e)(i) or 1.8(e)(ii),
or any corporation in a chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation identified in Section 1.8(e)(i) or Section 1.8(e)(ii). With regard to a relevant
corporation, a majority shareholder is a shareholder owning more than 50% of the total fair market value and total voting power of such corporation. 

  

	 	(f)	 Stock Ownership. For the purposes of this Section 1.8, ownership of stock will be determined by the
application of Code §318(a). Stock underlying a vested option is considered owned by the individual who holds the vested option (and the stock underlying an unvested option is not considered owned by the individual who holds the unvested
option). For purposes of the preceding sentence, however, if a vested option is exercisable for stock that is not substantially vested (as defined by Treasury Regulation §§ 1.83-3(b) and (j)), the
stock underlying the option is not treated as owned by the individual who holds the option. In addition, mutual and cooperative corporations are treated as having stock for purposes of this Section 1.8(f). 

  
 6 

	1.9	 Class Year Account Shall mean the balance credited to a
Participant’s or Beneficiary’s Account for a Taxable Year, including the Participant’s Compensation Deferrals relating to Compensation paid for services performed during the Plan Year, Matching Credits earned for services performed
during the Taxable Year (if elected by the Plan Sponsor in the Adoption Agreement), Discretionary Credits earned for services performed during the Taxable Year (if elected by the Plan Sponsor in the Adoption Agreement), and Investment Debits and
Credits allocable to the Class Year Account (as determined by the Plan Sponsor, in its discretion). 

  

	1.10	 Code The Internal Revenue Code of 1986, as amended from time to time Reference to any
section or subsection of the Code includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection. 

 

	1.11	 Commissions Shall mean both Investment Commissions and Sales Commissions.

  

	1.12	 Compensation Shall mean a Participant’s Regular Salary, bonuses, Commissions,
Performance-Based Compensation, and director fees, as elected by the Plan Sponsor in the Adoption Agreement. 

  

	1.13	 Compensation Deferral Agreement The written agreement between an Eligible Individual and
the Plan Sponsor to defer receipt by the Eligible Individual of Compensation. Such agreement shall state the deferral amount or percentage of Compensation to be withheld from the Eligible Individual’s Compensation and shall state the date on
which the agreement is effective, as provided at Section 2.3. 

  

	1.14	 Compensation Deferrals That portion of a Participant’s Compensation which is deferred
under the terms of this Plan. 

  

	1.15	 Conflict of Interest Divestiture Shall have the meaning set forth in Section 6.4.

  

	1.16	 Corporate Dissolution A corporate dissolution taxed pursuant to Code §331 or with the
approval of a bankruptcy court pursuant to section 503(b)(1)(A) of title 11, United States Code. 

  

	1.17	 De Minimis Distribution Shall have the meaning elected by the Plan Sponsor in the Adoption Agreement.

  

	1.18	 Disability Shall have the meaning elected by the Plan Sponsor in the Adoption Agreement.

  

	1.19	 Distributable Event The events entitling a Participant or Beneficiary to a payment of
benefits under the Plan, which shall be: Separation from Service; death; Disability, if applicable; the occurrence of an Interim Distribution Date; the occurrence of an Unforeseeable Emergency; Plan Termination Following

  
 7 

	 	
a Change of Control Event, if applicable; Plan Termination Following a Corporate Dissolution; Plan Termination in Connection with Termination of Certain Similar Arrangements; Conflict of Interest
Divestiture; Domestic Relations Order; and Income Inclusion Under Code § 409A. 

  

	1.20	 Domestic Partner Shall have the meaning elected by the Plan Sponsor in the Adoption
Agreement. The Plan Administrator in its sole discretion shall determine whether an individual meets the requirements of a Domestic Partner and shall have the right to request documentary proof of the existence of a Domestic Partner relationship,
which proof may include, but is not limited to, a joint checking account, a joint mortgage or lease, driver’s licenses showing the same address, the registration of a domestic partnership or civil union in states that recognize such
relationships or such other proof as the Plan Administrator may determine. 

  

	1.21	 Domestic Relations Order Any judgment, decree or order (including approval of a property
settlement agreement) which relates to the provision of child support, alimony payments or marital property rights to a Spouse, former Spouse, child or other dependent of a Participant and is made pursuant to a State domestic relations law
(including a community property law). 

  

	1.22	 Effective Date The date as of which the Plan becomes effective or is amended, as selected
in the Adoption Agreement. 

  

	1.23	 Eligible Individual Any common-law employee,
independent contractor or non- employee director who provides services to the Plan Sponsor and is designated by the Plan Sponsor as eligible to participate in the Plan in accordance with Section 2.1. Only
those individuals who are part of a select group of management or highly compensated individuals, as determined by the Plan Sponsor in its sole discretion, may be designated as Eligible Individuals under the Plan. 

 

	1.24	 ERISA The Employee Retirement Income Security Act of 1974, as amended. Reference to any
section or subsection of ERISA includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection. 

 

	1.25	 Income Inclusion Under Code § 409A Shall have the meaning set forth in
Section 6.10. 

  

	1.26	 Interim Distribution Date Shall have the meaning elected by the Plan Sponsor in the
Adoption Agreement. 

  
 8 

	1.27	 Investment Commissions The Compensation or the portion of Compensation earned by a
Participant that meets the following requirements: (a) a substantial portion of the services provided by the Participant for such Compensation consists of sales of financial products or other direct customer services to an unrelated customer
with respect to customer assets or customer asset accounts; (b) the customer retains the right to terminate the customer relationship and may move or liquidate the assets or asset accounts without undue delay (which may be subject to a
reasonable notice period); (c) such Compensation consists of a portion of the value of the overall assets or asset account balance, an amount substantially all of which is calculated by reference to the increase in the value of the overall assets or
account balance during a specified period, or both; and (d) the value of the overall assets or account balance and Investment Commission is determined at least annually. For this purpose, a customer is treated as an unrelated customer only if
the customer is not related (within the meaning of Code § 409A) to either the Plan Sponsor, any Affiliate or the Participant. Notwithstanding the foregoing, Compensation involving a related customer will be treated as an Investment Commission
provided that (x) the Compensation otherwise meets the requirements set forth in this section, (y) substantial sales from which Investment Commissions arise are made, or substantial services from which Investment Commissions arise are
provided, to unrelated customers by the Plan Sponsor or an Affiliate and (z) the sales and service arrangement and the commission arrangement with respect to the related customers are bona fide, arise from the Plan Sponsor’s or
Affiliate’s ordinary course of business and are substantially the same, both in terms and in practice, as the terms and practices applicable to unrelated customers (within the meaning of Code § 409A) to which (individually or in the
aggregate) substantial sales are made or substantial services provided by the Plan Sponsor or an Affiliate. 

  

	1.28	 Investment Credits and Debits Bookkeeping adjustments to Participants’ Accounts to
reflect the hypothetical interest, earnings, appreciation, losses and depreciation that would be accrued or realized if assets equal to the value of such Accounts were invested in accordance with such Participants’ Benefit Benchmarks.

  

	1.29	 Nonqualified Deferred Compensation Plan A pension plan, within the meaning of ERISA
§201(2), the purpose of which is to permit a select group of management or highly compensated Eligible Individuals to defer receipt of a portion of their Compensation to a future date. 

 

	1.30	 Normal Retirement Age The age designated by the Plan Sponsor in the Adoption Agreement.

  

	1.31	 Participant An Eligible Individual who is currently deferring a portion of his or her
Compensation under this Plan, or who is currently eligible for Matching Credits or Discretionary Credits, or an Eligible Individual or former Eligible Individual who is still entitled to the payment of benefits under the Plan. 

  
 9 

	1.32	 Performance-Based Compensation Compensation, the amount of which, or entitlement to which,
is contingent on the satisfaction of pre-established organizational or individual performance criteria relating to a performance period of at least 12 consecutive months. Organizational or individual
performance criteria are considered pre-established if established in writing by no later than 90 days after the commencement of the period of service to which the criteria relates, provided that the outcome
is substantially uncertain at the time the criteria are established. Performance-Based Compensation does not include any amount, or portion of any amount, that will be paid either regardless of performance or based upon a level of performance that
is substantially certain to be met at the time the criteria is established. If payments are based upon the satisfaction of subjective criteria, the subjective performance criteria must be bona fide and relate to the performance of the Participant, a
group that includes the Participant or a business unit for which the Participant provides services, and the determination that any subjective performance criteria have been met must not be made by the Participant, a family member of the Participant
or a person under the effective control of the Participant or a family member of the Participant or where any amount of the compensation of the person making such determination is effectively controlled in whole or in part by the Participant or
family member of the Participant. Compensation determined by reference to the value of the Plan Sponsor or an Affiliate, or the stock of the Plan Sponsor or an Affiliate, shall be Performance Based Compensation only as provided under Code §
409A and the regulations and binding guidance issued thereunder. 

  

	1.33	 Plan The Nonqualified Deferred Compensation Plan established by the Plan Sponsor under the
terms of this Basic Plan Document and the accompanying Adoption Agreement. 

  

	1.34	 Plan Administrator The individual(s) or committee appointed by the Plan Sponsor identified
in Section I of the Adoption Agreement to administer the Plan as provided herein. If no such appointment is made, the Chief Executive Officer of the Plan Sponsor identified in Section I of the Adoption Agreement (or the most senior officer of such
Plan Sponsor if the Plan Sponsor does not have a Chief Executive Officer) shall serve as the Plan Administrator. In no event shall a Plan Administrator who is a Participant be permitted to make decisions regarding his or her benefits under this
Plan; rather, such decisions shall be made by the other members of any committee appointed to act as the Plan Administrator or, if no such committee has been appointed, the most senior officer of the Plan Sponsor identified in Section I of the
Adoption Agreement whose benefits are not at issue in the decision. If a Change in Control Event occurs with respect to the Plan Sponsor named in Section I of the Adoption Agreement, the existing Plan Administrator shall be removed, and a new Plan
Administrator shall be appointed as provided in Section 8.9. 

  
 10 

	1.35	 Plan Sponsor The corporation or business entity identified in Section I of the Adoption
Agreement, including any successor to such corporation or business that assumes the obligations of such corporation or business. The term Plan Sponsor shall also include, where appropriate, any entity affiliated with the Plan Sponsor which adopts
the Plan with the consent of the Plan Sponsor and is listed on Exhibit A attached to the Adoption Agreement. Only the Plan Sponsor identified in Section I of the Adoption Agreement shall have the power to amend this Plan, appoint the Plan
Administrator, or exercise any of the powers described in Section 8.3 hereof. 

  

	1.36	 Plan Termination Following a Change in Control Event Shall have the meaning set forth in
Section 10.3. 

  

	1.37	 Plan Termination Following a Corporate Dissolution Shall have the meaning set forth in
Section 10.4. 

  

	1.38	 Plan Termination in Connection with Termination of Certain Similar Arrangements Shall have
the meaning set forth in Section 10.5. 

  

	1.39	 Regular Salary The Participant’s gross income paid by the Plan Sponsor during the
Taxable Year as reportable on Internal Revenue Service Form W-2, including amounts excludible from gross income that are contributed by the Participant on a pre-tax
basis to a salary reduction retirement or welfare plan (including amounts contributed to this Plan), but excluding Commissions, bonuses, Performance-Based Compensation, director fees, or any other irregular payments. 

 

	1.40	 Sales Commissions Compensation earned by a Participant that meets the following
requirements: (a) a substantial portion of the services provided by the Participant for the Compensation consists of the direct sale of a product or service to an unrelated customer; (b) the Compensation paid by the Plan Sponsor consists
of either a portion of the purchase price for the product or service or an amount substantially all of which is calculated by reference to the volume of sales; and (c) payment of the Compensation is either contingent upon the Plan Sponsor or
Affiliate receiving payment from an unrelated customer for the product or services or, if applied consistently to all similarly situated Participants, is contingent upon the closing of the sales transaction and such other requirements as may be
specified by the Plan Sponsor or Affiliate before the closing of the sales transaction. For this purpose, a customer will be treated as an unrelated customer only if the customer is not related (within the meaning of Code § 409A) to either the
Plan Sponsor, any Affiliate or the Participant. Notwithstanding the foregoing, Compensation involving a related customer will be treated will be treated as a Sales Commission provided that (x) the Compensation otherwise meets the requirements
set forth in this section, (y) substantial sales from which Sales Commissions arise are made, or substantial services from which Sales Commissions arise are provided, to 

  
 11 

	 	
unrelated customers by the Plan Sponsor or an Affiliate and (z) the sales and service arrangement and the commission arrangement with respect to the related customers are bona fide, arise
from the Plan Sponsor’s or Affiliate’s ordinary course of business and are substantially the same, both in terms and in practice, as the terms and practices applicable to unrelated customers (within the meaning of Code § 409A) to
which (individually or in the aggregate) substantial sales are made or substantial services provided by the Plan Sponsor or an Affiliate. 

  

	1.41	 Separation from Service A Participant shall have a Separation from Service under the
circumstances described below. 

  

	 	(a)	 Employees A Participant who is a common law employee has a Separation from Service if the
Participant voluntarily or involuntarily terminates employment with the Plan Sponsor and all Affiliates, for any reason other than Disability or death. A termination of employment occurs if the facts and circumstances indicate that the Plan Sponsor
and the Participant reasonably anticipate that no further services will be performed after a certain date or that the level of bona fide services the Participant will perform after such date (whether as an employee or an independent contractor) will
decrease to no more than 20 percent of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding 36-month period (or the full
period of services if the Participant has been providing services for less than 36 months). Notwithstanding the foregoing, the employment relationship is treated as continuing while the Participant is on military leave, sick leave or other bona fide
leave of absence if the period of leave does not exceed 6 months, or if longer, so long as the Participant retains the right to reemployment with the Plan Sponsor or an Affiliate under an applicable statute or contract. When a leave of absence is
due to any medically determinable physical or mental impairment that can be expected to result in death or to last for a period of at least 6 months and such impairment causes the Participant to be unable to perform the duties of his or her position
or any substantially similar position, a 29-month period of absence shall be substituted for the 6-month period above. 

 

	 	(b)	 Independent Contractors A Participant who is an independent contractor shall have a Separation
from Service upon the expiration of all contracts under which services are performed for the Plan Sponsor and all Affiliates if the expiration constitute a good faith and complete termination of the contractual relationship. An expiration does not
constitute a good faith and complete termination of the contractual relationship if the Plan 

  
 12 

	 	
Sponsor or an Affiliate anticipates a renewal of a contractual relationship or the independent contractor becoming an employee. For this purpose, a Plan Sponsor is considered to anticipate the
renewal of the contractual relationship if the Plan Sponsor or an Affiliate intends to contract again for the services provided under the expired contract and the independent contractor has not been eliminated as a possible provider of services
under any such new contract. A Plan Sponsor is considered to intend to contract again for the services provided under an expired contract if doing so is conditioned only upon incurring a need for the services, the availability of funds or both.

  

	 	(c)	 Directors Except as otherwise provided hereunder, a Participant who is a member of the Board
shall be considered to be an Independent Contractor for purposes of determining whether the Participant has had a Separation from Service. 

  

	 	(d)	 Dual Status If a Participant provides services to the Plan Sponsor and any Affiliates as an
employee and as an independent contractor, the Participant must have a Separation from Service with the Plan Sponsor and all Affiliates both as an employee and an independent contractor to have a Separation from Service. Notwithstanding the
foregoing, if a Participant provides services to the Plan Sponsor and any Affiliates as an employee and as a director, (1) the services provided as a director are not taken into account in determining whether the Participant has a Separation
from Service as an employee under the Plan if the Participant participates in the Plan as an employee, provided the Participant does not participate in any other nonqualified deferred compensation plan as a director that is aggregated with the Plan
under Code §409A, and (2) the services provided as an employee are not taken into account in determining whether the Participant has a Separation from Service as a director under the Plan if the Participant participates in the Plan as a
director, provided the Participant does not participate in any other nonqualified deferred compensation plan as an employee that is aggregated with the Plan under Code §409A. 

 

	1.42	 Specified Employee A key employee (as defined in Code § 416(i) without regard to
paragraph (5) thereof) of a Plan Sponsor or its Affiliates, any stock of which is publicly traded on an established securities market or otherwise. A Participant is a key employee if the Participant meets the requirements of Code
§416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Code §416(i)(5)) at any time during the 12- month period ending each December 31. If a
Participant is a key employee at any time during the 12-month period 

  
 13 

	 	
ending on such December 31, the Participant is treated as a Specified Employee for the 12-month period beginning on the following April 1. Whether any
stock of a Plan Sponsor or its Affiliates is publicly traded on an established securities market or otherwise must be determined as of the date of the Participant’s Separation from Service. 

 

	1.43	 Spouse The individual to whom a Participant is married, or was married in the case of a
deceased Participant who was married at the time of his or her death. 

  

	1.44	 Taxable Year The 12-consecutive-month period
beginning each January 1 and ending each December 31. 

  

	1.45	 Trust The agreement, if any, between the Plan Sponsor and the Trustee under which assets
may be delivered by the Plan Sponsor to the Trustee to offset liabilities assumed by the Plan Sponsor under the Plan. Any assets held under the terms of the Trust shall be the exclusive property of the Plan Sponsor and shall be subject to the
creditor claims of the Plan Sponsor with respect to whom such Trust has been established. Participants shall have no right, secured or unsecured, to any assets held under the terms of the Trust. 

 

	1.46	 Trustee The institution named by the Plan Sponsor in the Trust agreement, if any, and any
corporation which succeeds the Trustee by merger or by acquisition of assets or operation of law. 

  

	1.47	 Unforeseeable Emergency A severe financial hardship to the Participant resulting from an
illness or accident of the Participant or the Participant’s Spouse, Beneficiary or dependent (as defined in Code §152 without regard to §§ 152(b)(1), (b)(2) and (d)(1)(B)), loss of the Participant’s property due to casualty
or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. 

  

	1.48	 Valuation Date The date on which Participant Accounts under the Plan are valued. The
Valuation Date shall be each business day of the Taxable Year on which the New York Stock Exchange and, if a Trust has been established in connection with the Plan, the Trustee are open for business. 

 

	1.49	 Without Good Cause A Participant’s involuntary Separation from Service shall be
without good cause if it occurs for reasons other than the Participant’s commission of a crime involving dishonesty or moral turpitude (e.g., fraud, theft, embezzlement, deception, etc.); misconduct, including but not limited to
insubordinate behavior, by the Participant in the performance of his or her job duties and responsibilities; any conduct by the Participant of a nature which reflects negatively upon the Plan Sponsor or any Affiliate or which would prevent the
Participant from being able to adequately perform his or her job duties and responsibilities (e.g., malicious, willful and wanton, or negligent conduct, etc.); the Participant’s failure to adequately perform his/her duties and
responsibilities as such duties and responsibilities are, from time to time in the Plan Sponsor’s absolute discretion, determined; and the Participant’s breach of any of the Plan Sponsor’s established operating policies and
procedures. 

  
 14 

 ARTICLE II 

ELIGIBILITY AND PARTICIPATION 
  

	2.1	 Eligibility The Plan Sponsor will designate in the Adoption Agreement those persons who
shall be considered Eligible Individuals under the Plan. 

  

	2.2	 Participation The Plan Administrator shall provide written notification to each Eligible
Individual of his or her eligibility to participate in the Plan. 

  

	2.3	 Compensation Deferral Agreement In order to defer Compensation under the Plan for a given
Taxable Year, an Eligible Individual must enter into a Compensation Deferral Agreement with the Plan Sponsor authorizing the deferral of all or part of the Participant’s Compensation for such Taxable Year. 

Upon receipt of a properly completed and executed Compensation Deferral Agreement, the Plan Administrator shall notify the Plan Sponsor to
withhold that portion of the Participant’s Compensation specified in the Agreement. In no event will the Participant be permitted to defer more or less than the amount(s) specified by the Plan Sponsor in the Adoption Agreement. 

Subject to Section 7.1, the Compensation Deferral Agreement shall remain in effect for the duration of the Taxable Year to which it
relates. If elected by the Plan Sponsor in the Adoption Agreement, and subject to Section 7.1, the Compensation Deferral Agreement also shall remain in effect for subsequent Taxable Years unless and until it is timely changed for a subsequent
Taxable Year as described below. 
 Except as provided below, a Compensation Deferral Agreement must be completed and returned to the Plan
Sponsor prior to the first day of the Taxable Year in which services are performed for the Compensation deferred and shall be irrevocable for the Taxable Year except as otherwise provided hereunder. 

 

	 	(a)	 Initial Eligibility If the Plan is established on a date other than the first day of a Taxable
Year, or if an individual becomes an Eligible Individual on a date other than the first day of a Taxable Year and such individual has not at any time been eligible to participate in the Plan or any Aggregated Plan, the Compensation Deferral
Agreement may be completed and returned to the Plan Sponsor within 30 days after the Effective Date or within 30 days after the Eligible Individual’s initial eligibility date. In no event shall a Participant be permitted to defer Compensation
with respect to services performed before the date on which the Compensation Deferral Agreement is signed by the Participant and accepted by the Plan Administrator. 

  
 15 

	 	(b)	 Former Participants With No Account Balance If an Eligible Individual who is a former Participant
has been paid all amounts deferred under the Plan and any Aggregated Plan and, on and before the date of the last payment, is not eligible to continue (or elect to continue) to participate in the Plan or any Aggregated Plan for periods after the
last payment (other than through an election of a different time and form of payment with respect to the amounts paid), the Eligible Individual may be treated as initially eligible to participate in the Plan pursuant to subsection (a) above as
of the first date following such last payment that the Eligible Individual again becomes eligible to participate in the Plan. 

  

	 	(c)	 Participants Ineligible for Two Years If an Eligible Individual who is a Participant or former
Participant ceases being eligible to participate in the Plan and any Aggregated Plan, regardless of whether all amounts deferred under such plans have been paid, and subsequently becomes eligible to participate in the Plan again, the Eligible
Individual may be treated as being initially eligible to participate in the Plan pursuant to subsection (a) above if the Eligible Individual has not been eligible to participate in the Plan or an Aggregated Plan (other than through the accrual
of earnings) at any time during the twenty-four (24) month period ending on the date the Eligible Individual again becomes eligible to participate in the Plan. 

 

	 	(d)	 Performance-Based Compensation A Compensation Deferral Agreement with respect to
Performance-Based Compensation may be completed and returned to the Plan Sponsor no later than the date that is six months before the end of the performance period to which the Performance-Based Compensation relates, provided the Participant
performs services continuously from the later of the beginning of the performance period or the date upon which the performance criteria are established through the date upon which the Participant makes an initial deferral election, and further
provided that in no event may an election to defer Performance- Based Compensation be made with respect to Compensation that has become readily ascertainable. 

 

	 	(e)	 Sales Commissions Compensation Deferral Agreements made with respect to Sales Commissions must be
completed and returned to the Plan Sponsor prior to the first day of the Taxable Year in which the customer remits payment to the Plan Sponsor or Affiliate for which the Sales Commission is paid or, if applied consistently to all similarly situated
Participants, the Taxable Year in which the sale occurs. 

  
 16 

	 	(f)	 Investment Commissions Compensation Deferral Agreements made with respect to Investment
Commissions must be completed and returned to the Plan Sponsor prior to the first day of the Taxable Year in which falls the date that is twelve (12) months before the date as of which the overall value of the assets or asset accounts is
determined for purposes of calculating the Investment Commission. 

  

	2.4	 Matching Credits and Discretionary Credits The Plan Sponsor may adjust the Account of a
Participant with Matching Credits or Discretionary Credits. The amount of the Discretionary Credits and/or Matching Credits and the formula(s) for allocating such credits will be selected by the Plan Sponsor in the Adoption Agreement.
Notwithstanding the preceding, if the Plan Sponsor elects to make Matching Credits in accordance with Section V.(a)(iii) of the Adoption Agreement, a Participant will receive a Matching Credit under this Plan for a Taxable Year only if the
Participant has made the maximum salary reduction contributions permitted under the Plan Sponsor’s qualified retirement plan during the applicable Taxable Year. 

 

	2.5	 Establishing a Reserve for Plan Liabilities The Plan Sponsor may, but is not required to,
establish one or more Trusts to which the Plan Sponsor may transfer such assets as the Plan Sponsor determines in its sole discretion to assist in meeting its obligations under the Plan. Any such assets shall be the property of the Plan Sponsor and
remain subject to the claims of the Plan Sponsor’s creditors, to the extent provided under any Trust established with respect to such Plan Sponsor. The Trustee shall have no duty to determine whether the amounts forwarded by the Plan Sponsor
are the correct amount or that they have been transmitted in a timely manner. 

 ARTICLE III 

PARTICIPANT ACCOUNTS AND REPORTS 
  

	3.1	 Establishment of Accounts The Plan Administrator shall establish and maintain individual
recordkeeping Accounts, Class Year Accounts and subaccounts, as applicable, on behalf of each Participant for purposes of determining each Participant’s benefits under the Plan. A Participant’s Account does not represent the
Participant’s ownership of, or any ownership interest in, any assets which may be set aside to satisfy the Plan Sponsor’s obligations under the Plan. 

  
 17 

	3.2	 Account Maintenance As of each Valuation Date, the Plan Administrator shall credit each
Participant’s Account (or, if applicable, Class Year Accounts) with the following: 

  

	 	(a)	 An amount equal to any Compensation Deferrals made by the Participant since the last Valuation Date;

  

	 	(b)	 An amount equal to any Matching Credits or Discretionary Credits, and any forfeitures, if applicable, since the
last Valuation Date; and 

  

	 	(c)	 An amount equal to deemed Investment Credits under Section 3.3 below since the last Valuation Date.

 As of each Valuation Date, the Plan Administrator shall debit each Participant’s Account (or, if applicable,
Class Year Accounts) with the following: 
  

	 	(d)	 An amount equal to any distributions from the Plan to the Participant or Beneficiary since the last Valuation
Date; and 

  

	 	(e)	 An amount equal to deemed Investment Debits under Section 3.3 below since the last Valuation Date; and

  

	 	(f)	 An amount equal to any forfeitures incurred by the Participant since the last Valuation Date.

  

	3.3	 Investment Credits and Debits The Accounts (or, if applicable, Class Year Accounts)
of Participants shall be adjusted for Investment Credits and Debits in accordance with this Section 3.3. 

Participants shall have the right to specify one or more Benefit Benchmarks in which their Compensation Deferrals, Matching Credits and
Discretionary Credits shall be deemed to be invested. The Benefit Benchmarks shall be utilized solely for purposes of adjusting their Accounts (or, if applicable, Class Year Accounts) in accordance with procedures adopted by the Plan
Administrator. The Plan Administrator shall provide the Participant with a list of the available Benefit Benchmarks. From time to time, in the sole discretion of the Plan Administrator, the Benefit Benchmarks available within the Plan may be
revised. All Benefit Benchmark selections must be denominated in whole percentages unless the Plan Administrator determines that lower increments are acceptable. A Participant may make changes in the manner in which future Compensation Deferrals,
Matching Credits and/or Discretionary Credits are deemed to be invested among the various Benefit Benchmarks within the Plan in accordance with procedures established by the Plan Administrator. A Participant may
re- direct the manner in which earlier Compensation Deferrals, Matching Credits and/or Discretionary Credits, as well as any appreciation (or depreciation) to-date, are
deemed to be invested among the Benefit Benchmarks available in the Plan in accordance with procedures established by the Plan Administrator. 

  
 18 

 As of each Valuation Date, the Plan Administrator shall adjust the Account (or, if
applicable, Class Year Accounts) of each Participant for interest, earnings or appreciation (less losses and depreciation) with respect to the then balance of the Participant’s Account equal to the actual results of the Participant’s
deemed Benefit Benchmark elections. 
 All notional acquisitions and dispositions of Benefit Benchmarks which occur within a
Participant’s Account, pursuant to the terms of the Plan, shall be deemed to occur at such times as the Plan Administrator shall determine to be administratively feasible in its sole discretion and the Participant’s Account shall be
adjusted accordingly. Accordingly, if a distribution or reallocation must occur pursuant to the terms of the Plan and all or some portion of the Account must be valued in connection with such distribution or reallocation (to reflect Investment
Credits and Debits), the Plan Administrator may in its sole discretion, unless otherwise provided for in the Plan, select a date or dates which shall be used for valuation purposes. 

Notwithstanding anything to the contrary, any Investment Credits or Debits made to any Participant’s Account following a Plan Termination
or a Change in Control Event shall be made in a manner no less favorable to Participants than the practices and procedures employed under the Plan, or as otherwise in effect, as of the date of the Plan Termination or the Change in Control Event.

 Notwithstanding the Participant’s deemed Benefit Benchmark elections under the Plan, the Plan Sponsor shall be under no obligation to
actually invest any amounts in such manner, or in any manner, and such Benefit Benchmark elections shall be used solely to determine the amounts by which the Participant’s Account shall be adjusted under this Article III. 

 

	3.4	 Participant Statements The Plan Administrator shall provide each Participant with a
statement showing the credits to and debits from his or her Account during the period from the last statement date. Such statement shall be provided to Participants as soon as administratively feasible following the end of each Taxable Year and on
such other dates as agreed to by the Plan Sponsor and the party maintaining Participant records. 

  
 19 

 ARTICLE IV 

WITHHOLDING OF TAXES 
  

	4.1	 Withholding from Compensation For any Taxable Year in which Compensation Deferrals,
Matching Credits and/or Discretionary Credits are made to or vested within the Plan (as applicable), the Plan Sponsor shall withhold the Participant’s share of income, FICA and other employment taxes from the portion of the Participant’s
Compensation not deferred. If deemed appropriate by the Plan Sponsor, all or any portion of a benefit under the Plan may be distributed in certain instances where necessary to facilitate compliance with applicable withholding requirements to the
extent such distribution would not result in adverse tax consequences under Code §409A. The amount of any such distribution shall not exceed the amount necessary to comply with applicable withholding requirements. 

 

	4.2	 Withholding from Benefit Distributions The Plan Sponsor (or the Trustee of the Trust, as
applicable) shall withhold from any payments made to a Participant under this Plan all federal, state and local income, employment and other taxes required to be withheld by the Plan Sponsor, in connection with such payments, in amounts and in a
manner to be determined in the sole discretion of the Plan Sponsor. 

 ARTICLE V 

VESTING 
  

	5.1	 Vesting A Participant shall be immediately vested in (i.e., shall have a non-forfeitable right to) all Compensation Deferrals credited to his or her Account, including any Investment Credits or Debits associated therewith. The Plan Sponsor shall specify in the Adoption Agreement the
vesting provisions applicable to any Discretionary Credits or Matching Credits allocated to the Accounts ( or, if applicable, Class Year Accounts) of Participants. Upon a Distributable Event, except as otherwise provided under the Plan, any
amount of the benefit payment credited to the Account (or, if applicable, Class Year Account) of the Participant that is not vested shall be forfeited. Forfeitures incurred by a Participant shall reduce the amounts credited to a Participant’s
Account (or, if applicable, Class Year Accounts), but shall not be reallocated to the Accounts (or, if applicable, Class Year Accounts) of other Participants unless otherwise specified in the Adoption Agreement. A distribution for a
Domestic Relations Order Payment under Section 6.7 shall be made from the Account of the Participant only to the extent it is vested. 

ARTICLE VI 
 PAYMENTS

  

	6.1	 Benefits Except as otherwise provided under the Plan, a Participant’s or
Beneficiary’s benefit payable under the Plan shall be the value of the Participant’s vested Account (or, if applicable, Class Year Accounts ) at the time a Distributable Event occurs with respect to such Participant or Beneficiary. In
no event, will a Participant’s right to a benefit under this Plan give such Participant a secured right or claim on any assets set aside by the Plan Sponsor to meet its obligations under the Plan. All payments from the Plan shall be subject to
applicable tax withholding and shall commence (or be fully paid, in the event a lump sum form of distribution was selected) no later than ninety (90) days after the occurrence of the Distributable Event, except as otherwise provided herein.

  
 20 

	6.2	 Timing of Distribution Elections. 

(a) Initial Elections. If the Plan Sponsor has elected in the Adoption Agreement to allow a Participant to elect a separate form and
timing of distribution for each Class Year Account under the Plan, the Participant shall elect the form and timing of payment of each Class Year Account at the time the Participant submits (or is required to submit, in accordance with
Section 2.3 and Code § 409A) his or her Compensation Deferral Agreement for the Taxable Year for which the Class Year Account is established. 

If the Plan Sponsor has not elected in the Adoption Agreement to allow a Participant to elect a separate form and timing of distribution for
each Class Year Account under the Plan, the Participant shall elect the form and timing of payment of his or her Account at the earlier of (a) the time the Participant submits (or is required to submit, in accordance with Section 2.3
and Code § 409A) his or her Compensation Deferral Agreement for the Taxable Year for which the Class Year Account is established, or (b) the December 31 preceding the Taxable Year in which the services giving rise to the
Participant’s first Matching Credits or Discretionary Credits to be earned under the Plan are to be performed (unless a later date is permitted in accordance with the provisions of Code § 409A and Treas. Reg. § 1.409A- 2). If a
Participant elects an in-service Interim Distribution Date, the Participant must make a new form and timing of payment election for Compensation Deferrals that may be credited to the Participant’s Account
and for Matching Credits and/or Discretionary Credits that may be earned during and after the Taxable Year in which falls the in-service Interim Distribution Date. Such election (a) must be made prior to
the beginning of the Taxable Year in which the services giving rise to the earliest Compensation Deferrals, Matching Credits or Discretionary Credits subject to the new form and timing of payment election are to be performed and (b) is subject
to rules generally applicable to form and timing of payment elections under this Plan. 
 (b) Subsequent Changes in Time and Form of
Payment. A Participant may elect to change the time or form of payment of amounts distributable upon a Separation from Service or elect to change the time of payment of amounts distributable upon an Interim Distribution Date, provided, however,
that any such election shall be effective only if: 
  

	 	(i)	 the election does not accelerate the time or schedule of any payment within the meaning of Code § 409A;

  

	 	(ii)	 the election does not take effect until at least twelve 12 months after the date on which the election is made;

  
 21 

	 	(iii)	 the first payment with respect to which such election is made is deferred for a period of 5 years from the date
such payment would otherwise have been made; and 

  

	 	(iv)	 for a change to a payment made upon an Interim Distribution Date, such election is made at least 12 months
before such Interim Distribution Date. 

 The Plan Administrator shall have sole and absolute discretion to decide whether
such a request shall be approved but may approve no more than one such request for any Participant with respect to any Compensation Deferral or Matching or Discretionary Credit. 

(c) Failures to Elect. If a Participant fails to properly elect the form or time of distribution for his or her Account, or
Class Year Account, as applicable, the Participant shall be deemed to have elected to receive his or her Account, or Class Year Account, as applicable, in a single lump sum commencing on his or her Separation from Service. 

 

	6.3	 Separation from Service Payment In the event of a Participant’s Separation from
Service, the Participant’s vested Account (or, if applicable, Class Year Account) shall be paid in the form of a cash lump sum or, if elected by the Participant, in annual cash payments (over a period of five (5), ten (10), or fifteen
(15) years). A Participant may elect one form of payment for a Separation from Service that occurs before Normal Retirement Age, and a different form of payment for a Separation from Service that occurs on or after Normal Retirement Age. For
purposes of Code § 409A, installment payments shall be treated as a single payment. If applicable, the initial installment shall be based on the value of the Participant’s vested Account (or, if applicable, Class Year Account),
measured on the date of his or her Separation from Service, and shall be equal to 1/n (where ‘n’ is equal to the total number of annual benefit payments not yet distributed). Subsequent installment payments shall be computed in a
consistent fashion, with the measurement date being the anniversary of the original measurement date. Election of the form of the Separation from Service Payment must be provided to the Plan Administrator at the time required by Section 6.2 of
this Plan. 

 Notwithstanding a Participant’s election regarding the form of the Separation from Service Payment, the
Plan Sponsor shall make a De Minimis Distribution, as elected by the Plan Sponsor in the Adoption Agreement, and pay the Participant’s or Beneficiary’s benefit in a single lump-sum payment. 

  
 22 

 Notwithstanding the foregoing, a distribution resulting from a Separation from Service by a
Participant who is a Specified Employee on the date of Separation from Service shall be made within the ninety (90) days following the date that is 6 months after the Separation from Service or, if earlier, within the ninety (90) days
following the death of the Specified Employee. The first payment made following the 6-month period described in the preceding sentence shall include all payments that otherwise would have been made after
Separation from Service but for the delay required by this paragraph. 
  

	6.4	 Conflict of Interest Divestiture The Plan Administrator shall pay to a Participant all or
a portion of the Participant’s vested Account to the extent 

  

	 	(a)	 necessary for any Participant who is Federal officer or employee in the executive branch to comply with an
ethics agreement with the Federal government; or 

  

	 	(b)	 reasonably necessary to avoid the violation of an applicable Federal, state or local ethics or conflicts of
interest law (including when such payment is reasonably necessary to permit the Participant to participate in activities in the normal course of his or her position in which the Participant would not otherwise be able to participate under an
applicable rule). 

 The Plan Administrator shall have complete discretion to determine whether the Participant’s
circumstances meet the requirements for a Conflict of Interest Divestiture and the amount of any distribution. A distribution under this Section shall be made at such time and in such form as shall be necessary to comply with an applicable ethics
agreement or to avoid the violation of an applicable ethics or conflict of interest law. 
  

	6.5	 Death Benefit In the event of the Participant’s death, whether before or after the
Participant has otherwise incurred a Distributable Event or commenced 

 receiving payments from the Plan, the
Participant’s Beneficiary shall receive the balance of the Participant’s vested Account in a single lump-sum cash payment. 
  

	6.6	 Disability Benefit If the occurrence of a Disability is a Distributable Event, as elected
by the Plan Sponsor in the Adoption Agreement, the Plan Administrator shall pay to a Participant the balance of the Participant’s vested Account in a single lump-sum cash payment in the event the
Participant suffers a Disability (whether before or after the Participant has otherwise incurred a Distributable Event or commenced receiving payments from the Plan). The Plan Administrator shall have complete discretion to determine whether the
circumstances of the Participant constitute a Disability and the time at which such Disability occurs consistent with the terms of the Plan. 

  
 23 

	6.7	 Domestic Relations Order Payment If it is necessary to satisfy a Domestic Relations Order,
whether before or after the Participant has otherwise incurred a Distributable Event or commenced receiving payments from the Plan, the Plan Administrator shall pay to the Spouse, former Spouse, child, or other dependent of the Participant, as
specified in the Domestic Relations Order, the amount from the Participant’s vested Account required to fulfill the Domestic Relations Order. The Plan Administrator shall have complete discretion to determine whether the circumstances of the
Participant meet the requirements for a Domestic Relations Order Payment under this Section. If the request for a payment due to a Domestic Relations Order is approved, the distribution shall be made at such time and in such form as shall be
necessary to satisfy the Domestic Relations Order. 

  

	6.8	 Unforeseeable Emergency Distribution If a Participant has an Unforeseeable Emergency, as
defined herein, the Plan Administrator may pay to the Participant that portion of his or her vested Account which the Plan Administrator determines is reasonably necessary to satisfy the emergency. The amounts distributed to the Participant as a
result of an Unforeseeable Emergency may not exceed the amounts reasonably necessary to satisfy such emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which
such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise, by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship) or
by cancellation of Compensation Deferrals pursuant to Section 7.1. A Participant requesting an Unforeseeable Emergency Distribution shall apply for the payment in writing on a form approved by the Plan Administrator and shall provide such
additional information as the Plan Administrator may require. The Plan Administrator shall have complete discretion to determine whether the financial hardship of the Participant constitutes an Unforeseeable Emergency under the Plan. If, subject to
the sole discretion of the Plan Administrator, the request for a withdrawal is approved, the distribution shall be made within ninety (90) days after the date of approval by the Plan Administrator. 

 

	6.9	 Election to Receive Interim Distributions A Participant may make an election, at the time
required by Section 6.2, to have his or her Account or the Class Year Account, as applicable, to which the election relates paid to him or her at an Interim Distribution Date designated by the Participant. Such Account or Class Year
Account shall be payable in a single cash lump sum payment within ninety (90) days after an applicable Interim Distribution Date. The Participant’s selection of an Interim Distribution Date is irrevocable, except as provided in
Section 6.2(b), and must comply with the definition of Interim Distribution Date under Section 1.26. 

  
 24 

	6.10	 Payment upon Income Inclusion Under § 409A If the Plan Administrator
determines at any time that the Plan fails to meet the requirements of Code § 409A with respect to a Participant, the Plan Administrator shall distribute to the Participant the amount from the Participant’s vested Account that is required
to be included in income as a result of such failure in a single lump- sum payment. 

  

	6.11	 Permissible Delay in Payments A payment may be delayed beyond the distribution date
otherwise provided for under the Plan in one or more of the circumstances below, if the Plan Sponsor so elects in the Adoption Agreement. 

  

	 	(a)	 Payments Subject to Code § 162(m) A payment, including any portion thereof, will be delayed
when the Plan Sponsor reasonably anticipates that its deduction with respect to such payment otherwise would be eliminated by application of Code § 162(m), provided that the payment is made either during the Participant’s first Taxable
Year in which the Plan Sponsor reasonably anticipates (or should reasonably anticipate) that if the payment is made during such year the deduction of such payment will not be barred by Code § 162(m) or during the period beginning with the date
of the Participant’s Separation from Service and ending on the later of the last day of the Plan Sponsor’s taxable year in which the Participant has a Separation from Service or the 15th
day of the third month following the Participant’s Separation from Service, and provided further that when any scheduled payment to a Participant in the Plan Sponsor’s taxable year is delayed in accordance with this Section, all scheduled
payments to such Participant that could be delayed in accordance with this Section are also delayed. When a payment is delayed to a date on or after the Participant’s Separation from Service, the payment shall be treated as a payment upon a
Separation from Service and, in the case of a Specified Employee, the date that is 6 months after a Participant’s Separation from Service is substituted for any reference to a Participant’s Separation from Service in the foregoing
provisions of this Section. 

  

	 	(b)	 Violation of Federal Securities Laws or Other Applicable Law A payment will be delayed when the
Plan Sponsor reasonably anticipates that the making of the payment will violate Federal securities laws or other applicable law, provided that the payment will be made at the earliest date at which the Plan Sponsor reasonably anticipates that the
making of the payment will not cause such violation. The making of a payment that would cause inclusion in gross income or the application of any penalty provision or other provision of the Code is not treated as a violation of applicable law.

  
 25 

	6.12	 Beneficiary Designation A Participant shall have the right to designate a Beneficiary and
to amend or revoke such designation at any time in writing. Such designation, amendment or revocation shall be effective upon receipt by the Plan Administrator. If the Beneficiary is a minor or incompetent, benefits may be paid to a legal guardian,
trustee, or other proper representative of the Beneficiary, and such payment shall completely discharge the Plan Sponsor and the Plan of all further obligations hereunder. 

If no Beneficiary designation is made, or if the Beneficiary designation is held invalid, or if no Beneficiary survives the Participant and
benefits are determined to be payable following the Participant’s death, the Plan Administrator shall direct that payment of benefits be made to the person or persons in the first of the below categories in which there is a survivor. The
categories of successor beneficiaries, in order, are as follows: 
  

	 	(a)	 Participant’s Spouse; 

 

	 	(b)	 Participant’s Domestic Partner, if elected by the Plan Sponsor in the Adoption Agreement:

  

	 	(c)	 Participant’s descendants, per stirpes (eligible descendants shall be determined by the intestacy
laws of the state in which the decedent was domiciled); 

  

	 	(d)	 Participant’s parents; 

 

	 	(e)	 Participant’s brothers and sisters (including step brothers and step sisters); and 

 

	 	(f)	 Participant’s estate. 

 

	6.13	 Claims Procedure All claims for benefits under the Plan, and all questions regarding the
operation of the Plan, shall be submitted to the Plan Administrator in writing. The Plan Administrator has complete discretion and authority to interpret and construe any provision of the Plan, and its decisions regarding claims for benefits
hereunder are final and binding. 

  

	 	(a)	 Presentation of Claim. Any Participant, Beneficiary or person claiming benefits under the Plan
(such Participant, Beneficiary or other person being referred to below as a “Claimant”) may deliver to the Plan Administrator a written claim for a determination with respect to benefits distributable to such Claimant from the Plan. The
claim must state with particularity the determination desired by the Claimant. 

  
 26 

 Any claim by a Participant that a payment made under the Plan is less than the amount to
which the Participant is entitled must be made in writing pursuant to the foregoing provisions of this Section within 180 days after the date of such payment. Notwithstanding any other provision of the Plan, including the provisions of
Section 5.1, a Participant shall forfeit all rights to any amounts claimed if the Participant fails to make claim as provided in the preceding sentence. 
  

	 	(b)	 Notification of Decision The Plan Administrator shall consider a Claimant’s claim within a
reasonable time, and shall notify the Claimant in writing: 

  

	 	(i)	 that the Claimant’s requested determination has been made, and that the claim has been allowed in full; or

  

	 	(ii)	 that the Plan Administrator has reached a conclusion contrary, in whole or in part, to the Claimant’s
requested determination, and such notice must set forth in a manner calculated to be understood by the Claimant: 

  

	 	(1)	 the specific reason(s) for the denial of the claim, or any part of it; 

 

	 	(2)	 specific reference(s) to pertinent provisions of the Plan upon which such denial was based;

  

	 	(3)	 a description of any additional material or information necessary for the Claimant to perfect the claim, and an
explanation of why such material or information is necessary; 

  

	 	(4)	 a description of the claim review procedure set forth in Section 6.13(c) below, including information
regarding any applicable time limits and a statement regarding the Claimant’s right to bring an action under ERISA §502(a) following an adverse determination on review; and 

 

	 	(5)	 if the decision involved the Disability of the Participant, information regarding whether an internal rule or
procedure was relied upon in making its decision and that the Claimant can request a copy of such rule or procedure, free of charge, upon request. 

The Plan Administrator will notify the Claimant of an adverse decision within ninety (90) days after the date the claim was received,
unless the Plan Administrator determines there are special circumstances that require an extension of time in which to make a decision. If an extension of time is needed, the Plan 

  
 27 

 
Administrator shall notify the Claimant of the extension before the expiration of the original 90-day period. The notice will include a description of the
special circumstances requiring an extension of time and an estimate of the date it expects a decision to be made. The extension shall not exceed an additional 90-day period. 

If the adverse decision relates to a claim involving the Disability of the Participant, the Plan Administrator will notify the Claimant of an
adverse decision within forty-five (45) days after the date the claim was received, unless the Plan Administrator determines that matters beyond its control require an extension of time in which to make a decision. If an extension of time is
needed, the Plan Administrator shall notify the Claimant of the extension before the expiration of the original 45-day period. The notice will include a description of the circumstances necessitating the
extension and an estimate of the date it expects a decision to be made. The extension shall not exceed an additional 30-day period unless, within the 30-day period the
Plan Administrator again determines that more time is needed due to matters beyond its control, in which case notice of the need for not more than an additional thirty (30) days is provided to the Claimant before the first 30-day period expires. The notice will include a description of the circumstances requiring the extension and an estimate of the date it expects a decision to be made. Any extension notice will include information
regarding the standards on which a determination of Disability will be made, the outstanding issues which prevent a decision from being made, and any additional information which is needed in order to reach a decision. The Claimant will have
forty-five (45) days to supply any additional information. 
 If the Plan Administrator notifies the Claimant of the need for an
extension of time to make a decision regarding his or her claim in accordance with this Section 6.13(b), and the extension is needed due to the Claimant’s failure to provide information necessary to decide the claim, the period of time in
which the Plan Administrator must make a decision does not include the time between the date the notice of the extension was sent to the Claimant and the date the Claimant responds to the request for additional information. 

 

	 	(c)	 Review of a Denied Claim Within sixty (60) days after receiving a notice from the Plan
Administrator that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s duly authorized representative) may file with the Plan Administrator a written request for a review of the denial of the claim. During the 60-day review period, the Claimant (or the Claimant’s duly authorized representative): 

  

	 	(i)	 may review relevant documents; 

  
 28 

	 	(ii)	 may submit written comments or other documents relating to the claim; 

 

	 	(iii)	 may request access to and copies of all relevant documents, free of charge; 

 

	 	(iv)	 may request a hearing, which the Plan Administrator, in its sole discretion, may grant. 

The Plan Administrator will consider all documents and other information submitted by the Claimant in reviewing its previous decision,
including documents not available to or considered by it during its initial determination. 
 If the appeal relates to a determination of the
Plan Administrator involving the Disability of the Participant, the Claimant will have one-hundred-eighty (180) days following receipt of a denial to file a written request for review. In such event, no
deference shall be given to the initial benefit determination, and the review shall be conducted by an appropriate fiduciary who is someone other than the individual who made the initial determination or a subordinate of such individual. If the
initial determination was based in whole or in part on a medical judgment, the reviewer shall consult with an appropriately trained and experienced health care professional, and shall disclose the identity of any experts who provided advice with
regard to the initial decision. The health care professional whose advice is sought during the appeal process will not be an individual who was consulted during the initial determination, nor a subordinate of such an individual. 

 

	 	(d)	 Decision on Review The Plan Administrator shall render its decision on review promptly, and not
later than sixty (60) days after the filing of a written request for review of the denial, unless a hearing is held or other special circumstances require additional time, in which case the Plan Administrator’s decision must be rendered
within one- hundred-twenty (120) days after such date. If an extension of time is needed, the Plan Administrator shall notify the Claimant of the extension before the expiration of the original 60-day period. The notice will include a description of the circumstances requiring the extension and an estimate of the date it expects a decision to be made. Such decision must be written in a manner calculated to
be understood by the Claimant, and if the decision on review is adverse it must contain: 

  

	 	(i)	 specific reasons for the decision; 

 

	 	(ii)	 specific reference(s) to the pertinent Plan provisions upon which the decision was based;

  
 29 

	 	(iii)	 a statement that the Claimant may receive, upon request and free of charge, access to and copies of relevant
documents and information; 

  

	 	(iv)	 a statement describing any voluntary appeal procedures under the Plan and the Claimant’s right to bring an
action under ERISA §502(a); 

  

	 	(v)	 if the decision involved the Disability of the Participant, information regarding whether an internal rule or
procedure was relied upon in making its decision and that the Claimant can request a copy of such rule or procedure, free of charge, upon request; 

  

	 	(vi)	 if the decision involved the Disability of the Participant, a statement that the Claimant and the Plan may have
other voluntary alternative dispute resolution options, such as mediation, and that the Claimant may find out what options are available by contacting the local U.S. Department of Labor Office and the state insurance regulatory agency; and

  

	 	(vii)	 such other matters as the Plan Administrator deems relevant. If the appeal involves the Disability of the
Participant, the decision of the Plan Administrator will be made within forty- five (45) days after the filing of the written request for review, unless special circumstances require additional time, in which case the Plan Administrator’s
decision will be made within ninety (90) days after the date the request was filed. If an extension of time is needed, the Plan Administrator shall notify the Claimant of the extension before the expiration of the original 45-day period. The notice will include a description of the circumstances requiring the extension and an estimate of the date it expects a decision to be made. 

If the Plan Administrator notifies the Claimant of the need for an extension of time to make a decision regarding his or her appeal in
accordance with this Section 6.13(d), and the extension is needed due to the Claimant’s failure to provide information necessary to decide the appeal, the period of time in which the Plan Administrator must make a decision does not include
the time between the date the notice of the extension was sent to the Claimant and the date the Claimant responds to the request for additional information. 

  
 30 

 ARTICLE VII 

CANCELLATION OF DEFERRALS 
  

	7.1	 Unforeseeable Emergency If a Participant has an Unforeseeable Emergency, as defined
herein, the Plan Administrator may cancel all future Compensation Deferrals pertaining to Compensation not yet earned and required to be made pursuant to the Participant’s current Compensation Deferral Agreement if reasonably necessary to
satisfy the Participant’s financial hardship subject to the standards and requirements for an Unforeseeable Emergency Distribution set forth in Section 6.8. If a Participant receives a hardship distribution from a qualified plan of the
Plan Sponsor pursuant to Code § 401(k)(2)(B)(IV), the Plan Administrator shall cancel all future Compensation Deferrals pertaining to Compensation not yet earned and required to be made pursuant to the Participant’s current Compensation
Deferral Agreement, and the Participant will be prohibited from making Compensation Deferrals under the Plan for at least six (6) months after receipt of the hardship distribution or such longer period as may be prescribed by the qualified
plan. The Participant’s eligibility for Employer Matching Credits and/or Employer Discretionary Credits shall be similarly canceled, and the Participant shall be eligible to defer Compensation again at a later time only as provided under
Article II. 

 ARTICLE VIII 

PLAN ADMINISTRATION 
  

	8.1	 Appointment The Plan Administrator shall serve at the pleasure of the Plan Sponsor, who
shall have the right to remove the Plan Administrator at any time upon thirty (30) days’ written notice. The Plan Administrator shall have the right to resign upon thirty (30) days’ written notice to the Plan Sponsor.

  

	8.2	 Duties of Plan Administrator The Plan Administrator shall be responsible to perform all
administrative functions of the Plan. These duties include but are not limited to: 

  

	 	(a)	 Communicating with Participants in connection with their rights and benefits under the Plan;

  

	 	(b)	 Reviewing Benefit Benchmark elections received from Participants; 

 

	 	(c)	 Arranging for the payment of taxes (including income tax withholding), expenses and benefit payments to
Participants under the Plan; 

  

	 	(d)	 Filing any returns and reports due with respect to the Plan; 

 

	 	(e)	 Interpreting and construing Plan provisions and settling claims for Plan benefits; and 

 

	 	(f)	 Serving as the Plan’s designated representative for the service of notices, reports, claims or legal
process. 

  
 31 

	8.3	 Plan Sponsor The Plan Sponsor has sole responsibility for the establishment and
maintenance of the Plan. The Plan Sponsor through its Board shall have the power and authority to appoint the Plan Administrator, Trustee and any other professionals as may be required for the administration of the Plan. The Plan Sponsor shall also
have the right to remove any individual or party appointed to perform administrative, investment, fiduciary or other functions under the Plan. The Plan Sponsor may delegate any of its powers to the Plan Administrator, Board member or a committee of
the Board. 

  

	8.4	 Administrative Fees and Expenses All reasonable costs, charges and expenses incurred by
the Plan Administrator or the Trustee in connection with the administration of the Plan or the Trust shall be paid by the Plan Sponsor. If not so paid, such costs, charges and expenses shall be charged to the Trust, if any, established in connection
with the Plan. The Trustee shall be specifically authorized to charge its fees and expenses directly to the Trust. If the Trust has insufficient liquid assets to cover the applicable fees, the Trustee shall have the right to liquidate assets held in
the Trust to pay any fees or expenses due. Notwithstanding the foregoing, no Compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is an employee of the Plan Sponsor. 

 

	8.5	 Plan Administration and Interpretation The Plan Administrator shall have complete
discretionary control and authority to determine the rights and benefits and all claims, demands and actions arising out of the provisions of the Plan or any Participant, Beneficiary, deceased Participant, or other person having or claiming to have
any interest under the Plan. The Plan Administrator shall have complete discretion to interpret the Plan and to decide all matters under the Plan. Such interpretation and decision shall be final, conclusive, and binding on all Participants and any
person claiming under or through any Participant. Any individual serving as Plan Administrator who is a Participant will not vote or act on any matter relating solely to himself or herself. When making a determination or calculation, the Plan
Administrator shall be entitled to rely on information furnished by a Participant, a Beneficiary, the Plan Sponsor, or other party. The Plan Administrator shall have the responsibility for complying with any reporting and disclosure requirements of
ERISA. 

  

	8.6	 Powers, Duties, Procedures The Plan Administrator shall have such powers and duties, may
adopt such rules, may act in accordance with such procedures, may appoint such officers or agents, may delegate such powers and duties, may receive such reimbursement and compensation, and shall follow such claims and appeal procedures with respect
to the Plan as it may establish, each consistently with the terms of the Plan. 

  
 32 

	8.7	 Information To enable the Plan Administrator to perform its functions, the Plan Sponsor
shall supply full and timely information to the Plan Administrator on all matters relating to the Compensation of Participants, their employment, retirement, death, Separation from Service, and such other pertinent facts as the Plan Administrator
may require. 

  

	8.8	 Indemnification of Plan Administrator The Plan Sponsor agrees to indemnify and to defend
to the fullest extent permitted by law any officer(s), employee(s) or Board members who serve as Plan Administrator (including any such individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses
(including reasonable attorneys’ fees and amounts paid in settlement of any claims approved by the Plan Sponsor) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith.

  

	8.9	 Plan Administration Following a Change in Control Event Notwithstanding anything to the
contrary in this Article VIII or elsewhere in the Plan or Trust, upon a Change in Control Event with respect to the Plan Sponsor identified in Section I of the Adoption Agreement the individual serving as Chief Executive Officer of such Plan Sponsor
immediately prior to such Change in Control Event who is also a Participant in the Plan, or if the Plan Sponsor has no Chief Executive Officer who is also a Participant in the Plan, the Plan Sponsor’s most senior officer who is also a
Participant in the Plan, shall have the right to appoint an individual, third party or committee to serve as Plan Administrator. Such appointment shall be made in writing and copies thereof shall be delivered to the Board, to the existing Plan
Administrator, to the Trustee, and to all Plan Participants. The Trustee and all other service providers shall be entitled to rely fully on instructions received from the successor Plan Administrator and shall be indemnified to the fullest extent
permitted by law for acting in accordance with the proper instructions of the successor Plan Administrator. 

  
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 ARTICLE IX 

TRUST FUND 
  

	9.1	 Trust The Plan Sponsor may establish a Trust for the purpose of accumulating assets which
may, but need not be used, by the Plan Sponsor to satisfy some or all of its financial obligations to provide benefits to Participants under this Plan. Any trust created under this Section 9.1 shall be domiciled in the United States of America,
and no assets of the Plan shall be held or transferred outside the United States. All assets held in the Trust shall remain the exclusive property of the Plan Sponsor and shall be available to pay creditor claims of the Plan Sponsor in the event of
insolvency, to the extent provided under any Trust established with respect to such Plan Sponsor. The assets held in Trust shall be administered in accordance with the terms of the separate Trust Agreement between the Trustee and the Plan Sponsor.

 If elected by the Plan Sponsor in the Adoption Agreement, as soon as administratively feasible following the end of each
Taxable Year (or as otherwise required by the Code), the Trustee shall transfer, on behalf of each Participant, from the Trust to the trust maintained in connection with the Plan Sponsor’s 401(k) plan, an amount equal to the lesser of
(a) the maximum amount of pre-tax deferrals and, if applicable, matching contributions that the Participant could have made, or received, under the Plan Sponsor’s 401(k) Plan for that previous
Taxable Year, within the limits imposed under the terms of the Plan Sponsor’s 401(k) Plan and the Code (including Code §§ 402(g), 401(k) and 401(m)), or (b) the amount of Compensation Deferrals the Participant actually deferred
and, if applicable, Matching Credits the Participant actually received, under the terms of this Plan for that Taxable Year; provided however, the Trustee shall not transfer in any amounts attributable to earnings, and the Trustee shall not transfer
an amount of Compensation Deferrals that exceeds the limit with respect to elective deferrals under Code § 402(g) in effect for the Taxable Year for which such transfer occurs in accordance with Code § 409A. 

 

	9.2	 Unfunded Plan In no event will the assets accumulated by the Plan Sponsor in the Trust be
construed as creating a funded Plan under the applicable provisions of ERISA or the Code, or under the provisions of any other applicable statute or regulation. Any funds set aside by the Plan Sponsor in Trust shall be administered in accordance
with the terms of the Trust. 

  

	9.3	 Assignment and Alienation No Participant or Beneficiary of a deceased Participant shall
have the right to anticipate, assign, transfer, sell, mortgage, pledge or hypothecate any benefit under this Plan. The Plan Administrator shall not recognize any attempt by a third party to attach, garnish or levy upon any benefit under the Plan
except as may be required by law. 

  
 34 

 ARTICLE X 

AMENDMENT AND PLAN TERMINATION 
  

	10.1	 Amendment The Plan Sponsor identified in Section I of the Adoption Agreement shall have
the right to amend this Plan without the consent of any Participant or Beneficiary hereunder, provided that no such amendment shall have the effect of reducing any of the vested benefits to which a Participant or Beneficiary has accrued a right as
of the effective date of the amendment. Notwithstanding the foregoing, the Plan Sponsor identified in Section I of the Adoption Agreement shall have the right to amend this Plan in any manner whatsoever without the consent of any Participant or
Beneficiary to comply with the requirements of Code §409A and any binding guidance thereunder to avoid adverse tax consequences even if such amendment has the affect of reducing a vested benefit or existing right of a Participant or Beneficiary
hereunder. 

  

	10.2	 Plan Termination The Plan Sponsor identified in Section I of the Adoption Agreement may
terminate or discontinue the Plan in whole or in part at any time. No further Discretionary Credits or Matching Credits shall be made following Plan Termination, and no further Compensation Deferrals shall be permitted after the Taxable Year in
which the Plan Termination occurs, except that the Plan Sponsor shall be responsible to pay any benefit attributable to vested amounts credited to the Participant’s Account as of the effective date of termination (following any adjustments to
such Accounts in accordance with Article III hereof). If the Plan is terminated in accordance with this Section 10.2, the Plan Administrator shall make distribution of the Participant’s vested benefit upon the occurrence of a Distributable
Event with respect to a Participant. A Participant’s vested benefit shall be adjusted to reflect Investment Credits and Debits for all Valuation Dates between Plan Termination and the occurrence of a Participant’s Distributable Event.

  

	10.3	 Plan Termination Following a Change in Control Event If, as elected by the Plan Sponsor in
the Adoption Agreement: 

  

	 	(a)	 a Change in Control Event constitutes a Plan Termination; or 

 

	 	(b)	 within the 30 days preceding or the 12 months following a Change in Control Event, the Plan Sponsor takes
irrevocable action to terminate the Plan, 

 the Plan will be terminated and liquidated with respect to the Participants of
each corporation that experienced the Change in Control Event. The Plan will be terminated under this Section 10.3 only if all other arrangements sponsored by the Plan Sponsor experiencing the Change in Control Event that would be aggregated
with the Plan as a single plan under Code § 409A are also terminated, so all participants under such 

  
 35 

 
aggregated arrangements are required to receive all amounts of compensation deferred under the terminated arrangements within 12 months after the date the Plan Sponsor takes all necessary action
to terminate the Plan and the other arrangements. For purposes of this Section 10.3, when the Change of Control Event results from an asset purchase transaction, the applicable Plan Sponsor with the discretion to terminate the Plan and the
other arrangements is the Plan Sponsor that is primarily liable immediately after the transaction for the payment of deferred compensation. Upon a Plan Termination Following a Change in Control Event, no further Compensation Deferrals or Employer
Discretionary Credits or Employer Matching Credits shall be made, and the Plan Administrator shall be responsible to pay any benefit attributable to vested amounts credited to the Participant’s Account as soon as practicable following date on
which the Plan Sponsor irrevocably takes all necessary action to terminate the Plan (following any final adjustments to such Accounts in accordance with Article III hereof), but not later than 12 months following such date. 

 

	10.4	 Plan Termination Following a Corporate Dissolution The Plan Sponsor in its discretion may
terminate and liquidate the Plan and make the payments provided below within 12 months after a Corporate Dissolution provided that the value of the Participants’ vested benefits is included in the Participants’ gross incomes in the latest
of the following years (or, if earlier, the year in which the amount is actually or constructively received): 

  

	 	(a)	 the calendar year in which the Plan Termination occurs; 

 

	 	(b)	 the first calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or

  

	 	(c)	 the first calendar year in which the payment is administratively practicable. 

Upon a Plan Termination Following a Corporate Dissolution, no further Compensation Deferrals or Employer Discretionary Credits or Employer
Matching Credits shall be made, and the Plan Administrator shall be responsible to pay any benefit attributable to vested amounts credited to the Participant’s Account as of the effective date of termination (following any final adjustments to
such Accounts in accordance with Article III hereof). 
  

	10.5	 Plan Termination in Connection with Termination of Certain Similar Arrangements The Plan
Sponsor in its discretion may terminate the Plan and make the distribution provided below provided that 

  

	 	(a)	 the termination does not occur proximate to a downturn in the financial health of the Plan Sponsor and its
Affiliates; 

  
 36 

	 	(b)	 the Plan Sponsor terminates all other arrangements that would be aggregated with the Plan as a single plan
under Code § 409A if the same Participant had deferrals of compensation under all of the other arrangements; 

  

	 	(c)	 no payments in liquidation of the Plan are made within 12 months after the date the Plan Sponsor takes all
necessary action to irrevocably terminate the Plan, other than payments that would be payable under the terms of the Plan if action to terminate the Plan had not occurred; 

 

	 	(d)	 all payments are made within 24 months after the date the Plan Sponsor takes all necessary action to
irrevocably terminate the Plan; and 

  

	 	(e)	 neither the Plan Sponsor nor any Affiliate adopts a new plan that would be aggregated with any terminated plan
or arrangement under the definition of what constitutes a plan for purposes of Code §409A if the same Participant participated in both arrangements, at any time within 3 years following the date the Plan Sponsor takes all necessary action to
irrevocably terminate the Plan. 

 Upon a Plan Termination in Connection with the Termination of Certain Similar
Arrangements, no further Employer Discretionary Credits or Employer Matching Credits shall be made, and no further Compensation Deferrals shall be made after the Taxable Year in which the Plan Termination in Connection with the Termination of
Certain Similar Arrangements occurs. The Plan Administrator shall be responsible to pay any benefit attributable to vested amounts credited to the Participant’s Account as soon as practicable after distributions are permissible under Code
§ 409A (following any final adjustments to such Accounts in accordance with Article III hereof). 
  

	10.6	 Effect of Payment The full payment of the balance of a Participant’s vested Account
under the provisions of the Plan shall completely discharge all obligations to a Participant and his designated Beneficiaries under this Plan and each of the Participant’s Compensation Deferral Agreements shall terminate. 

ARTICLE XI 

MISCELLANEOUS 
  

	11.1	 Total Agreement This Plan document and the executed Adoption Agreement, Compensation
Deferral Agreement, Beneficiary designation and other administration forms shall constitute the total agreement or contract between the Plan Sponsor and the Participant regarding the Plan. No oral statement regarding the Plan may be relied upon by a
Participant or Beneficiary. The Plan Sponsor or Plan Administrator shall have the right to establish such procedures as are necessary for the administration or operation of the Plan or Trust, and such procedures shall also be considered a part of
the Plan unless clearly contrary to the express provisions thereof. 

  
 37 

	11.2	 Employment Rights Neither the establishment of this Plan nor any modification thereof, nor
the creation of any Trust or Account, nor the payment of any benefits, shall be construed as giving a Participant or other person a right to employment with the Plan Sponsor or any Affiliate or any other legal or equitable right against the Plan
Sponsor of any Affiliate except as provided in the Plan. In no event shall the terms of employment of any Eligible Individual be modified or in any way be affected by the Plan. 

 

	11.3	 Non-Assignability None of the benefits, payments,
proceeds or claims of any Participant or Beneficiary shall be subject to attachment or garnishment or other legal process by any creditor of such Participant or Beneficiary, nor shall any Participant or Beneficiary have the right to alienate,
commute, pledge, encumber or assign any of the benefits or payments or proceeds which he or she may expect to receive, contingently or otherwise under the Plan. 

 

	11.4	 Binding Agreement Any action with respect to the Plan taken by the Plan Administrator or
the Plan Sponsor or the Trustee or any action authorized by or taken at the direction of the Plan Administrator, the Plan Sponsor or other authorized party shall be conclusive upon all Participants and Beneficiaries entitled to benefits under the
Plan. 

  

	11.5	 Receipt and Release Any payment to any Participant or Beneficiary in accordance with the
provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against the Plan Sponsor, the Plan Administrator and the Trustee under the Plan, and the Plan Administrator may require such Participant or Beneficiary, as a
condition precedent to such payment, to execute a receipt and release to such effect. If any Participant or Beneficiary is determined by the Plan Administrator to be incompetent by reason of physical or mental disability (including not being the age
of majority) to give a valid receipt and release, the Plan Administrator may cause payment or payments becoming due to such person to be made to a legal guardian, trustee, or other proper representative of the Participant or Beneficiary without
responsibility on the part of the Plan Administrator, the Plan Sponsor or the Trustee to follow the application of such funds. 

  

	11.6	 Furnishing Information A Participant or Beneficiary will cooperate with the Plan
Administrator or any representative thereof by furnishing any and all information requested by the Plan Administrator and take such other actions as may be requested in order to facilitate the administration of the Plan and the payments of benefits
hereunder, including but not limited to taking such physical examinations as the Plan Administrator may deemnecessary. 

  
 38 

	11.7	 Compliance with Code § 409A Notwithstanding any provision of the Plan to the
contrary, all provisions of the Plan will be interpreted and applied to comply with the requirements of Code §409A and any regulations and applicable binding guidance so as to avoid adverse tax consequences. No provision of the Plan, however,
is intended or shall be interpreted to create any right with respect to the tax treatment of the amounts paid or payable hereunder, and neither the Plan Sponsor nor any Affiliate shall under any circumstances have any liability to a Participant or
Beneficiary for any taxes, penalties or interest due on amounts paid or payable under the Plan, including taxes, penalties or interest imposed under Code § 409A. 

 

	11.8	 Insurance The Plan Sponsors, on their own behalf or on behalf of the trustee of the Trust,
and, in their sole discretion, may apply for and procure insurance on the life of the Participant, in such amounts and in such forms as they may choose. The Plan Sponsors or the trustee of the Trust, as the case may be, shall be the sole owner and
beneficiary of any such insurance. The Participant shall have no interest whatsoever in any such policy or policies, and at the request of the Plan Sponsor shall submit to medical examinations and supply such information and execute such documents
as may be required by the insurance company or companies to which the Plan Sponsor have applied for insurance. 

  

	11.9	 Governing Law Construction, validity and administration of this Plan shall be governed by
applicable Federal law and applicable state law in which the principal office of the Plan Sponsor is located, without regard to the conflict of law provisions of such state law. If any provision shall be held by a court of competent jurisdiction to
be invalid or unenforceable, the remaining provisions hereof shall continue to be fully effective. 

  

	11.10	 Headings and Subheadings Headings and subheadings in this Plan are inserted for
convenience only and are not to be considered in the interpretation of the provisions hereof. 

  
 39 

 PYRAMAX BANK, FSB 

NON-QUALIFIED DEFERRED COMPENSATION PLAN 

 
  

Amendment One 
  

 
 WHEREAS,
PyraMax Bank, FSB (the “Bank”) maintains the PyraMax Bank, FSB Non-Qualified Deferred Compensation Plan (the “Plan”), originally effective as of January 1, 2012, and restated effective
as of January 1, 2016; and 
 WHEREAS, pursuant to Section 10.1 of Article X of the Plan, the Bank has the right to amend
the Plan; and 
 WHEREAS, the Board of Directors of the Bank (the Board”) now desires to offer a
one-time election for Participants to convert all or part of the Participant’s Accounts to 1895 Bancorp of Wisconsin, Inc. common stock under the Plan in connection with the Bank’s conversion to the
mutual holding company structure and related stock offering; 
 NOW, THEREFORE, the Board hereby amends the Plan in the following
respects effective immediately: 
 1. Section 1 of the Plan is hereby amended by adding the following definitions: 

 

	 	“1.50	 Company shall mean 1895 Bancorp of Wisconsin, Inc. 

 

	 	“1.51	 Company Stock shall mean the common stock of the Company. 

 

	 	“1.52	 Offering The offering of the sale of Company Stock made to the public in connection with the
conversion of the Plan Sponsor to the mutual holding company structure. 

  

	 	“1.53	 One-Time Election Form The form used by a Participate to
elect to convert all or part of the Participant’s account to Company Stock under Section 3.1(b) of the Plan.” 

2. The first paragraph of Section 3.1 shall be designated as 3.1(a) and the following shall be designated as new Section 3.1(b):

  

	 	“(b)	 Each Participant may make a one-time irrevocable election to convert
all or part of the Participant’s Account to Company Stock subject to any limits established by the Plan Sponsor’s investment policy attributable to the Plan. The election under this Section 3.1(b) shall be made on the One-Time Election Form during the Offering. 

 “In connection with the inclusion of Company Stock, the Plan Sponsor shall establish
procedures to ensure that no Participant who is deemed an “insider” under the laws and regulations of the Securities Exchange Commission shall transact in such Company Stock during any black-out
period established by the Plan Sponsor. The Plan Sponsor shall also establish rules and procedures to permit Participants to provide voting directions with respect to any Company Stock allocated to such Participants’ Accounts. 

“Any dividends paid on shares of Company Stock held in Participants’ Accounts shall be immediately reinvested in additional shares
of Company Stock.” 
 3. The following subsection 6.2(d) shall be added to the end of Section 6.2: 

 

	 	“(d)	 Notwithstanding any other provision to the contrary in the Plan or the Adoption Agreement, all amounts invested
in Company Stock shall be distributed to the Participant or Beneficiary in Company Stock.” 

 [Signature Page to
Follow] 

  
 2 

 IN WITNESS WHEREOF, this Amendment One has been executed by the duly authorized
officer of the Bank as of the date set forth below. 
  

							
		 		 	PYRAMAX BANK, FSB
				
	  
	 		 	By:	 	
                 

	Date	 		 		 	

  
 3

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