Document:

Exhibit 10.2

  
 Exhibit 10.2

 [FORM OF] 
 WOLVERINE BANK, F.S.B. 
 EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”) by and between Wolverine Bank, F.S.B., whose principal offices are located at 5710
Eastman Avenue, Midland, Michigan, 48640 (“Bank” or “Employer”) and Rick A. Rosinski (“Executive”) is hereby entered into as of
                         , 2010 (the “Effective Date”). Any reference herein to the “Company”
shall mean Wolverine Bancorp, Inc., the parent holding company of the Bank. 
 WITNESSETH: 

WHEREAS, the Executive is currently employed as Chief Operating Officer and Treasurer of the Bank and the Bank wishes to assure itself of
the services of Executive as an officer of the Bank for the period provided in this Agreement; and 
 WHEREAS, the Bank has
adopted a Plan of Conversion pursuant to which the Bank will convert to a federally chartered stock savings bank and become a wholly owned subsidiary of the Company (the “Conversion”); and 

WHEREAS, in order to induce Executive to remain in the employ of the Bank and to provide further incentive for Executive to achieve the
financial and performance objectives of the Bank, the parties desire to enter into this Agreement. 
 NOW THEREFORE, in
consideration of the mutual agreements herein contained, and upon the other terms and conditions hereinafter provided, the Bank and the Executive hereby agree as follows: 
 1. Employment. Employer employs Executive as Chief Operating Officer and Treasurer, and Executive accepts employment, subject to the terms and conditions set forth in this Agreement. Executive also
agrees to serve, if appointed or elected, as a member of the Board of Directors of the Employer (the “Board”), and as an officer and/or director of any subsidiary or affiliate of the Bank or the Company. 

2. Term and Annual Renewal. 
 (a) The term of this Agreement will begin as of the Effective Date and will continue for twenty-four (24) full calendar months thereafter. Commencing on the first anniversary date of the Effective
Date of this Agreement (the “Anniversary Date”) and continuing on each Anniversary Date thereafter, a majority of the members of the Board who are not executive officers of the Bank (the “Disinterested Directors”) may extend the
term of this Agreement for an additional year such that the remaining term shall be twenty-four (24) months, unless written notice of non-renewal is provided to Executive at least thirty (30) days prior to any such Anniversary Date, in
which case the term of this Agreement will become fixed and will terminate at the end of the twelve (12) months following such Anniversary Date. Prior to each Anniversary Date, the members of the Board who are not executive officers of the Bank
will conduct a comprehensive performance evaluation and review of Executive for purposes of 

 
determining whether to extend this Agreement (the “Performance Review”), and the results thereof will be included in the minutes of the Board’s meeting. Notwithstanding the
foregoing, in the event that at any time prior to the Anniversary Date the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control under Section 10(a) hereof, then the
Disinterested Directors may, after conducting a Performance Review, extend the term of this Agreement so that it shall terminate twenty-four (24) months following the date on which the Change in Control occurs. 

(b) Continued Employment Following Expiration of Term. Nothing in this Agreement shall mandate or prohibit a continuation of
Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree. 
 3. Duties. Employer shall employ the Executive to be the Chief Operating Officer and Treasurer of the Employer and as such, Executive shall perform services the same as, or generally consistent
with, the services generally and customarily performed by a Chief Operating Officer and Treasurer. 
 4. Extent of
Service. Executive shall devote Executive’s full business time, attention and energies, as well as Executive’s best talents and abilities, to the business of the Employer in accordance with Employer’s instructions and directions
and shall not, during the term of this Agreement, be engaged in any other employment for any other employer. 
 5.
Compensation. 
 (a) For all services rendered by Executive under this Agreement (including services as an officer,
Executive, Director or member of any Board committee), Employer agrees to pay Executive an annual salary (“Base Salary”) of
$                     per year from the Effective Date, payable according to the Employer’s regular pay practices, with subsequent annual
Base Salary increases, if any, based on an annual review by Employer’s Board of Directors. 
 At approximately annual
intervals during the fourth quarter of each fiscal year of the Bank during the term of this Agreement, the Board will review, or will cause to be reviewed, the Base Salary payable to the Executive, giving attention to all factors that the Board
deems pertinent, including, without limitation, any recommendations of the Board or the Compensation Committee of the Board, the performance of the Bank, the performance of the Executive and the compensation practices inside and outside of the Bank.
The Board will, after such annual review, determine the Base Salary to be paid until the completion of the next annual review, but such new Base Salary will not be less than the Base Salary as of the Effective Date. The Base Salary will be paid to
the Executive in accordance with the Bank’s usual and customary payroll practices applicable to its Executives generally. 

(b) In addition, the Employer may, annually, in its discretion after a review by the Employer of Executive’s performance for the
year under review, pay the Executive a bonus in addition to the Executive’s Base Salary. The payment of a bonus is not required under the terms of this provision of the Agreement, but if a bonus is awarded to the Executive the payment thereof
shall be made within sixty (60) days of the determination to award a bonus. The bonus payment, if any, shall not be construed as an increase in Executive’s Base Salary. 

  
 (c) Taxes and Other
Amounts. All taxes (other than the Bank’s portion of FICA taxes) on the Base Salary and other amounts payable to the Executive pursuant to this Agreement or any plan or program will be paid by the Executive. The Bank will be entitled to
withhold from the Base Salary and all other amounts payable to the Executive pursuant to this Agreement or any plan or program (i) applicable withholding taxes, and (ii) such other amounts as may be authorized by the Executive in writing,

 6. Executive Benefits. 
 (a) Executive shall be entitled to participate in any life insurance, disability, medical, hospital, health or dental insurance, or other bonus, incentive, profit sharing, stock option, retirement or
other Executive benefit plans of the employer, whether contributory or non-contributory, as may from time to time be uniformly maintained by Employer for its salaried Executives during the term of employment under this Agreement. 

(b) Employer will reimburse Executive for all reasonable and necessary business expenses incurred by him in the performance of his duties
under this Agreement upon the presentation by Executive to Employer, from time to time, of an itemized account of such expenditures, including receipts where appropriate. Such reimbursements shall be paid promptly by the Bank and in any event not
later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expense. 
 7. Early Termination. Subject to the continuing obligations of the parties set forth in this Agreement, the Executive’s employment with the Bank may be terminated during the term of this
Agreement in any of the following ways: 
 (a) Executive’s death or disability will terminate this Agreement. For purposes
of this Agreement “disability” shall be defined as the Executive being unable to perform (in the judgment of the Employer evidenced by a resolution adopted in good faith by a majority of its Board of Directors) any substantial duty to
Employer as set forth in Sections 3 and 4 of this Agreement, by reason of illness, disability, incapacity or other inability, for a period of more than six (6) months; 
 (b) Upon the mutual agreement of the Employer or Executive; 
 (c) Employer shall
have the right to terminate this Agreement at any time for “Cause.” Termination for Cause shall mean termination because of, in the good faith determination of the Board, Executive’s: 

 

	 	(i)	personal dishonesty; 

  

	 	(ii)	incompetence 

  

	 	(iii)	willful misconduct; 

  

	 	(iv)	breach of fiduciary duty involving personal profit; 

  

	 	(v)	intentional failure to perform stated duties under this Agreement; 

  

	 	(vi)	willful violation of any law, rule or regulation (other than traffic violations or similar offenses), or any violation of a final cease-and-desist order; or

  

	 	(vii)	material breach by Executive of any provision of this Agreement. 

 (d) By the Employer without Cause provided the Employer shall give Executive thirty (30) days advance written notice of the Executive’s termination; 

(e) The Executive shall have the right to terminate his employment under this Agreement for Good Reason within ninety (90) days of
the occurrence of the event giving rise to such Good Reason; provided, however, the Executive must provide the Employer with written notice of such Good Reason and provide the Employer a period of at least thirty (30) days to cure the event
giving rise to Good Reason. For purposes of this Agreement, the term “Good Reason” means; 
  

	 	(i)	A material diminution in the Executive’s Base Salary; or 

  

	 	(ii)	A material diminution in the Executive’s authority, duties or responsibilities under this Agreement; or 

 

	 	(iii)	A material change in the geographic location at which the Executive must perform services under this Agreement; or 

 

	 	(iv)	Any other action or inaction that constitutes a material breach by the Employer of this Agreement; 

(f) Executive may terminate this Agreement without Good Reason provided Executive provides Employer with a ninety (90) day advance
written notice of such termination. 
 8. Employer’s Obligations. In the event the Employer terminates
Executive’s employment without Cause under Section 7(d) above or the Executive terminates his employment for Good Reason under Section 7(e) above, the Employer shall do the following: 

(a) Continue Executive’s then Base Salary, minus appropriate withholdings, which shall include, without limitation, FICA and
federal, state and local taxes (“Base Salary Payment”), for a period of twenty-four (24) months following such termination, with such payments made on the same day or days of the month that such payments were made prior to termination
of employment in the ordinary course. Thereafter, the Employer shall not be responsible to the Executive for any additional Base Salary Payment. Employer’s obligation to pay the Base Salary Payments shall be conditioned upon: (i) Executive
executing a Separation and Release Agreement in the form approved by the Board; and (ii) Executive compliance with all the obligations set forth in Section 11 of this Agreement. 

  
 In the event the
Executive becomes employed by a third party or by the Employer at any time within the twenty-four months period referenced in this Section 8 of this Agreement and if the salary received by the Executive from the third party or from the Employer
is equal to or greater than Executive’s then Base Salary Payment, the Base Salary Payments shall terminate. If, however, the salary received by the Executive from the third party or from the Employer is less than the then Base Salary Payment,
the Employer shall pay to the Executive the difference between the Base Salary Payment and the salary received from the third party or from the Employer, less appropriate withholdings, which shall include, without limitation FICA and federal, state
and local taxes. During the period of time Employer pays any remaining portion of Executive’s Base Salary Payment, the Employer reserves, upon reasonable notice to the Executive and for reasonable periods of time, the right to call upon the
Executive for consultation and advice regarding the Employer’s business. It is further understood between the parties that, unless Executive is employed by the Employer, any Base Salary Payment or portion of Base Salary Payment that Executive
may receive during this period of time shall not be counted toward any accrual of any pension, deferred compensation and/or annuity plans that Executive is or may be entitled to. 

(b) So long as the Executive is being paid all or a remaining portion of the Base Salary Payment, the Employer, if appropriate under
applicable law, shall continue to provide the Executive (i) with the equivalent of all of the remaining employment benefits the Executive was entitled to receive prior to the time of Executive’s termination as permitted by applicable law
and provisions of any benefit Plan, and benefits of any other fringe benefit plans in effect at the time of Executive’s Termination, and (ii) to the extent permitted by applicable law (including, but not limited to, laws prohibiting
discriminating in favor of highly compensated employees) and to the extent such coverage will not result in an excise tax or additional tax to the Company, Bank or Executive (other than ordinary income tax) (collectively, the “Insurance
Restrictions”), the Bank will cause to be continued life insurance and non-taxable medical and dental coverage substantially identical to the coverage maintained by the Bank for Executive prior to his termination or for a shorter period as will
not result in a violation of the Insurance Restrictions (other than ordinary income tax). If such payments are prohibited under applicable law, including the benefits that would have accrued on the Executive’s behalf under the employee stock
ownership plan and 401(k) Plan (with the amount of benefits determined by reference to the benefits accrued on his behalf under such retirement programs during the twelve months preceding his termination of employment), the Employer shall
(iii) continue to pay such amounts to the Executive at the same time and for the same term that the Base Salary Payments are made, and (iv) if continued life insurance and non-taxable medical and dental coverage is not permitted due to the
Insurance Restrictions, the Executive shall receive a lump sum payment equal to the monthly premiums payable by the Executive to obtain similar benefits, with such payment made within ten (10) days of the Executive’s termination of
employment, to the extent such reimbursement does not violate the Insurance Restrictions (other than ordinary income tax). In addition, during the term the Executive is receiving Base Salary Payments, he shall continue to vest in any stock option or
restricted stock award previously granted to the Executive notwithstanding the terms of any stock option or restricted stock award agreement or equity incentive plan. 
 9. Termination and Board Membership. To the extent Executive is a member of the Board on the date of termination of employment with the Bank (other than a termination in

 
connection with a Change in Control), Executive will resign from the Board immediately following such termination of employment with the Bank. Executive will be obligated to tender this
resignation regardless of the method or manner of termination (other than termination in connection with a Change in Control), and such resignation will not be conditioned upon any event or payment. 

10. Termination in Connection with a Change in Control. 
 (a) Change in Control Defined. For purposes of this Agreement, a “Change in Control” means any of the following events: 

 

	 	(i)	Merger: The Company or the Bank merges into or consolidates with another entity, or merges another bank or corporation into the Bank or the Company, and as a
result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation;

  

	 	(ii)	Acquisition of Significant Share Ownership: There is filed, or is required to be filed, a report on Schedule 13D or another form or schedule (other than Schedule
13G) required under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, if the schedule discloses that the filing person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the
Company’s or the Bank’s voting securities; 

  

	 	(iii)	Change in Board Composition: During any period of two consecutive years, individuals who constitute the Company’s or the Bank’s Board of Directors at
the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s or the Bank’s Board of Directors; provided, however, that for purposes of this clause (iii), each director who is nominated by the
board by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of the two-year period shall be deemed to have also been a director at the beginning of such period; or 

 

	 	(iv)	Sale of Assets: The Company or the Bank sells to a third party all or substantially all of its assets. 

(b) Termination. If within the period ending one year after a Change in Control, (i) the Bank terminates Executive’s
employment Without Cause, or (ii) Executive voluntarily terminates his employment With Good Reason, the Bank will, within ten (10) calendar days of the termination of Executive’s employment, make a lump-sum cash payment to Executive
equal to the sum of two (2) times (i) Executive’s current Base Salary, and (ii) the amount of benefits that accrued on the Executive’s behalf under the employee stock ownership plan and 401(k) Plan (with the amount of
benefits determined by reference to the benefits accrued on his behalf under such retirement programs during the twelve months preceding his termination of employment). In addition, to the extent permitted by applicable law (including, but not
limited to, laws prohibiting discriminating in favor of highly compensated employees) and to the extent such 

 
coverage will not result in an excise tax or additional tax to the Company, Bank or Executive (other than ordinary income tax), the Bank will cause to be continued for a period of two
(2) years or for such shorter period as will not result in a violation of the Insurance Restrictions (other than ordinary income tax), following such termination, life insurance and non-taxable medical and dental coverage substantially
identical to the coverage maintained by the Bank for Executive prior to his termination, at no cost to the Executive, provided, however, that if earlier, such medical and dental coverage shall cease on the date Executive becomes eligible for
Medicare coverage unless Executive is covered by family coverage or coverage for self and a spouse, in which case Executive’s family or spouse shall continue to be covered for the remainder of the two (2) year period. . If continued life
insurance and non-taxable medical and dental coverage is not permitted due to the Insurance Restrictions, the Executive shall receive a lump sum payment equal to the monthly premiums payable by the Executive to obtain similar benefits, with such
payment made within ten (10) days of the Executive’s termination of employment, to the extent such reimbursement does not violate the Insurance Restrictions (other than ordinary income tax). In addition, the Executive shall receive two
years of vesting credit under any stock option or restricted stock award granted to the Executive notwithstanding the terms of any stock option or restricted stock award agreement or equity incentive plan. 

Notwithstanding anything herein to the contrary, in the event a benefit is payable under this Section 10(b), no benefit will be
payable under Section 8 of this Agreement. 
 (c) 280G Cutback. Notwithstanding Section 10(b) above, in no
event shall the aggregate payments or benefits to be made or afforded to Executive (the “Termination Benefits”) constitute an “excess parachute payment” under Section 280G of the Internal Revenue Code of 1986, as amended,
(the “Code”) or any successor thereto, and to avoid such a result, the cash severance will be reduced by the minimum extent necessary in order for the value of the Termination Benefits to equal one dollar ($1.00) less than three
(3) times Executive’s “base amount,” as determined in accordance with Section 280G of the Code. 
 11.
Nondisclosure/Non-Competition and Non-Solicitation by Executive. 
 (a) Nondisclosure/Confidential Information.
Executive acknowledges and agrees that certain information obtained while employed by the Employer is confidential, and, is important to Employer and to the effective operation of Employer’s business. Executive, therefore, agrees that while
employed by the Employer, and at any time afterwards, he will make no disclosure of any kind, directly or indirectly, concerning any confidential information relating to Employer or any of its activities. 

(b) Non-Competition. Executive further agrees that at all times while the Executive is employed by the Bank and during that period
of time when Executive is receiving a Base Salary Payment from the Employer and for a period of twenty-four (24) months after the termination of his employment or the expiration of this Agreement or the expiration of that period of time when
Executive is receiving a Base Salary Payment from the Employer, whichever is later, Executive shall not, directly or indirectly, or individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor,
principal, director, officer, Executive, manager, agent, representative, independent contractor, consultant or otherwise, engage or participate in any business that is in competition in any manner with the business of the

 
Employer in any county in which the Employer has an office, without the written permission of the Chairperson of the Board of Directors. Notwithstanding the foregoing, Sections 11(b) and 11(c)
shall not be applicable on the event of a termination of employment within 12 months following a Change in Control. 
 (c)
Non-Solicitation. The Executive hereby understands, acknowledges and agrees that, by virtue of his position with the Bank, the Executive has and will have advantageous familiarity and personal contacts with the customers, wherever located, of
the Bank and has and will have advantageous familiarity with the business, operations and affairs of the Bank. In addition, the Executive understands, acknowledges and agrees that the business of the Bank is highly competitive. Accordingly, at all
times while the Executive is employed by the Bank and during that period of time when Executive is receiving a Base Salary Payment from the Employer and for a period of twenty-four months after the termination of his employment or the expiration of
this Agreement or the expiration of that period of time when Executive is receiving a Base Salary Payment from the Employer, whichever is later, the Executive shall not, directly or indirectly, or individually or together with any other person, as
owner, shareholder, investor, member, partner, proprietor, principal, director, officer, Executive, manager, agent, representative, independent contractor, consultant or otherwise: 

 

	 	(i)	Solicit in any manner, seek to obtain or service any business of any person who is or was a customer or an active prospective customer of the Bank during the one-year
period prior to the termination of Executive’s employment; or 

  

	 	(ii)	Request or advise any customer, supplier, vendor or others who were doing business with the Bank during the one-year period prior to the termination of Executive’s
employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Bank; or 

  

	 	(iii)	Induce, request or attempt to influence any Executive of the Bank who was employed by the Bank during the two-year period prior to the termination of Executive’s
employment, to terminate his or her employment with the Bank. 

 (d) Remedies. Executive acknowledges and
agrees that his obligations under this Section 11 are of a special and unique nature and that a failure to perform any such obligation or a violation of any such obligation would cause irreparable harm to the Employers, the amount of which
cannot be accurately compensated for in damages by an action at law. In the event of a breach by the Executive of any of the provisions of this Section 11, the Bank shall be entitled to an injunction restraining the Executive from such breach.
Nothing in this Section shall be construed as prohibiting the Bank from pursuing any other remedies available for any breach of this Agreement. 
 (e) Enforceability. Notwithstanding the foregoing, in the event that any provision of this Section is found by a court of competent Jurisdiction to exceed the time, geographic or other restrictions
permitted by applicable law, then such court will have the power to reduce, limit or reform (but not to increase or make greater) such provision to make it enforceable to the maximum extent permitted by law, and such provision will then be
enforceable against the Executive in its reduced, limited or reformed manner. In addition, the parties agree that in the event that any of the provisions of this Section are determined to be invalid, illegal, or unenforceable they will be severable
in accordance with Section 20. 

  
 12. Required
Regulatory Provisions. 
 (a) If Executive is suspended from office and/or temporarily prohibited from participating in the
conduct of the Bank’s affairs by a notice served under Section 8(e)(3) (12 U.S.C. §1818(e)(3)) or 8(g)(1) (12 U.S.C. §1818(g)(1)) of the Federal Deposit Insurance Act, the Bank’s obligations under this Agreement shall be
suspended as of the date of service, unless stayed in appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations
were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended. 
 (b) If Executive is
removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) (12 U.S.C. §1818(e)(4)) or 8(g)(1) (12 U.S.C. §1818(g)(1)) of the Federal Deposit insurance
Act, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected. 

(c) If the Bank is in default as defined in Section 3(x)(1) (12 U.S.C. §1818(x)(1)) of the Federal Deposit Insurance Act, all
obligations of the Bank under this Agreement shall terminate as of the date of default, but this paragraph shall not affect any vested rights of the contracting parties. 
 (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, (i) by the
Director of the OTS or his or her designee, at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) (12 U.S.C. §1823(c)) of the Federal Deposit
Insurance Act; or (ii) by the Director or his or her designee at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of the Bank or when the Bank is determined by the Director to
be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by such action. 
 (e) Notwithstanding anything herein contained to the contrary, any payments to Executive by the Bank, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance
with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359. 
 (f) Notwithstanding anything else in this Agreement, Executive’s employment shall not be deemed to have been terminated unless and until the Executive has a Separation from Service within the meaning
of Section 409A of the Code. For purposes of this Agreement, a “Separation from Service” shall have occurred if the Bank and Executive reasonably anticipate that either no further services will be performed by the Executive after the
date of the termination 

 
(whether as an employee or as an independent contractor) or the level of further services performed will be less than 50% of the average level of bona fide services in the thirty-six
(36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). If Executive is a “Specified
Employee,” as defined in Code Section 409A and any payment to be made under this Agreement shall be determined to be subject to Code Section 409A, then if required by Code Section 409A, such payment or a portion of such payment
(to the minimum extent possible) shall be delayed and shall be paid on the first day of the seventh month following Executive’s Separation from Service. 
 13. Survival of Certain Provisions. Upon any termination of the Executive’s employment with the Bank or the termination of this Agreement, other than within 12 months following a Change in
Control, the Executive and Bank hereby expressly agree that the provisions of Section 9 of this Agreement will continue to be in full force and effect and binding upon the Executive in accordance with the provisions of Section 9.

 14. Additional Terms. Additional terms and conditions of Executive’s employment with the Employer may be agreed
upon and must be in writing and signed by Executive and the Chairperson of the Board; provided, however, that such additional terms and conditions as may be agreed to shall not modify the terms and conditions herein unless specifically referenced as
a modification of an existing term or condition. 
 15. Notices. Any notice given under this Agreement to either party
shall be made in writing. Any such notice shall be deemed to be given when mailed to any such party by registered or certified mail, postage prepaid, addressed to the respective addresses set forth below, or at such other addresses as such party may
designate (by written notice given to the other party) as their respective address for purposes of notice: 
  

			
	 Executive:
	 	At the Executive’s home address
		 	as maintained in the records of the Bank

Employer: Chairman of the Board 
 Wolverine Bank 
 5710 Eastman Avenue 

Midland, Michigan 48640 
 16. Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach. 

17. Assignment. The rights and obligations of Employer under this Agreement shall inure to the benefit of, and shall be binding
upon, the successors and assigns of Employer, but Employer shall not assign this Agreement without Executive’s prior written consent, which consent shall not be unreasonably withheld. The rights and obligations of Executive under this Agreement
shall inure to the benefit only of the Executive and may not be assigned to any successors or assigns of the Executive. 

  
 18. Headings.
The headings of this Agreement are inserted for convenience only and are not to be considered in construction of the provisions of it. 
 19. Interpretation/Governing Law/Venue. All questions of validity and interpretation of this Agreement shall be governed by, and construed and enforced in all respects, in accordance with the laws
of the State of Michigan. 
 Any and all actions concerning any dispute arising hereunder shall be filed and maintained in the
Circuit court of Midland County, Michigan or the Federal District Court for the Eastern District of Michigan. The parties specifically consent and admit to the jurisdiction and venue of such state or federal court. 

20. Severability. If a court of competent jurisdiction determines that any one or more of the provisions of this Agreement is
invalid, illegal or unenforceable in any respect, such determination shall not affect the validity, legality or enforceability of any other provision of this Agreement. 
 21. Entire Agreement; Modifications. This Agreement contains the entire agreement of the parties and no previous representations, inducements, promises, or agreements, oral or otherwise, shall be
of any force or effect. No change or modification of this Agreement shall be valid unless in writing and signed by the party against whom such change or modification is sought to be enforced; provided, however, that if the Company or Bank
determines, after a review of the regulations and guidance issued under The Patient Protection and Affordable Care Act, or similar laws, and all applicable IRS guidance, that this Agreement should be further amended to avoid triggering the tax
penalties or other restrictions imposed by the Insurance Restrictions, the Company and Bank may amend this Agreement to the extent necessary to avoid triggering the tax and interest penalties imposed by the Insurance Restrictions. 

  
 In Witness Whereof,
the parties have executed this Agreement as of the day and year written above. 
  

							
	WOLVERINE BANK, F.S.B.	 	EXECUTIVE
				
	By:	 	  
	 	By:	 	  

		 	President and Chief Executive Officer	 		 	Rick A. Rosinski
		 		 		 	Chief Operating Officer and TreasurerTupperware Brands Corporation 2010 Incentive Plan

  
 Exhibit 4.3

 TUPPERWARE BRANDS CORPORATION 
 2010 INCENTIVE PLAN 
 ARTICLE 1. Establishment, Purpose, and Duration

 1.1. Establishment of the Plan. Tupperware Brands Corporation, a Delaware corporation (hereinafter referred to
as the “Company”), hereby establishes an incentive compensation plan to be known as the “Tupperware Brands Corporation 2010 Incentive Plan” (hereinafter referred to as the “Plan”), as set forth in this document. The
Plan permits the grant of Non-Qualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards and other stock-based and non-stock-based awards. The Plan shall become effective
as of the Effective Date, and shall remain in effect as provided in Section 1.3 herein. 
 1.2. Purpose of the
Plan. The purpose of the Plan is to promote the success and enhance the value of the Company by linking the personal interests of Participants to those of the Company’s stockholders and by providing Participants with an incentive for
outstanding performance of the Company’s objectives and strategies while undertaking an appropriate level of risk. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services
of Participants upon whose judgment, interest, and special efforts the successful conduct of its operations largely is dependent. 
 1.3. Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect for ten (10) years thereafter, subject to the right of the Board of Directors to
terminate, amend or modify the Plan at any time pursuant to Article 16 herein, except that any awards issued and outstanding under the Plan shall remain effective beyond the expiration of the Plan in accordance with their terms. 

ARTICLE 2. Definitions 
 Whenever
used in the Plan, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word is capitalized: 
 (a) “Award” means, individually or collectively, a grant under this Plan of Non-Qualified Stock Options, Incentive Stock Options, SARs, Restricted Stock, Restricted Stock Units, Performance
Awards or other awards. 
 (b) “Award Agreement” means an agreement entered into by each Participant and the
Company, setting forth the terms and provisions applicable to Awards granted to Participants under this Plan, including without limitation, stock option agreements, SAR agreements and restricted stock and restricted stock unit agreements.

 (c) “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and
Regulations under the Exchange Act. 
 (d) “Beneficiary” means a person who may be designated by a Participant
pursuant to Article 12 and to whom any benefit under the Plan is to be paid in case of the Participant’s death or physical or mental incapacity, as determined by the Committee, before he or she receives any or all of such benefit. 

  

(e) “Board” or “Board of Directors” means the Board of Directors of the Company. 

(f) “Cause” means (i) “Cause” as defined in any employment, consulting or similar agreement between the
Participant and the Company or one of its Subsidiaries or affiliates (an “Individual Agreement”), or (ii) if there is no such Individual Agreement or if it does not define Cause, (A) conviction of a Participant for committing a
felony under federal law or the laws of the jurisdiction in which such action occurred, (B) dishonesty in the course of fulfilling a Participant’s employment duties, (C) willful and deliberate failure on the part of a Participant to
perform his employment duties in any material respect, including compliance with the Company’s Code of Conduct or Codes of Ethics for Financial Executives, or (D) before a Change of Control, such other events as shall be determined by the
Committee. Before a Change of Control, the Committee shall, unless otherwise provided in an Individual Agreement, have the sole discretion to determine whether “Cause” exists with respect to subclauses (A), (B) and (C) above, and
its determination shall be final. 
 (g) “Change of Control” of the Company means: 

i. An acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 20 percent or more of either (1) the then outstanding Shares (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then outstanding voting securities of the Company entitled to vote
generally in the election of Directors (the “Outstanding Company Voting Securities”); excluding, however, the following: (1) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a
conversion privilege unless the security being so converted was itself acquired from the Company, (2) any acquisition by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the
Company or any corporation controlled by the Company or (4) any acquisition by any Person pursuant to a transaction which complies with clauses (1), (2) and (3) of subsection (iii) of this definition; or 

ii. A change in the composition of the Board such that the individuals who, as of the Effective Date of the Plan,
constitute the Board (such Board shall be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, for purposes of this definition, that any
individual who becomes a member of the Board subsequent to such Effective Date, whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the
Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be considered as though such individual were a member of the Incumbent Board; but, provided further, that any such individual whose
initial assumption of office occurs as a result of either an actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a person or legal entity other than the Board shall not be so
considered as a member of the Incumbent Board; or 
 iii. The consummation of a reorganization, merger,
statutory share exchange or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries or other similar
transactions (“Corporate Transaction”), in each case 

 
unless, following such Corporate Transaction, (1) all or substantially all of the individuals and entities who were the Beneficial Owners, respectively, of the Outstanding Company Common
Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction beneficially own, directly or indirectly, more than 50 percent of, respectively, the common stock and the combined voting power of the then-outstanding
voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Corporate Transaction (including, without limitation, an entity which as a result of such transaction owns the Company
or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, as the case may be, (2) no Person (other than the Company, any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company
or such entity resulting from such Corporate Transaction) beneficially owns, directly or indirectly, 20 percent or more of, respectively, the outstanding shares of Common Stock of the corporation resulting from such Corporate Transaction or the
combined voting power of the outstanding voting securities of such corporation entitled to vote generally in the election of Directors except to the extent that such ownership existed with respect to the Company prior to the Corporate Transaction
and (3) individuals who were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Corporate Transaction constitute at least a majority of the Board of Directors of
the corporation resulting from such Corporate Transaction; or 
 iv. The approval by the stockholders of the
Company of a complete liquidation or dissolution of the Company. 
 (h) “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
 (i) “Commission” means the Securities and Exchange Commission or any
successor agency. 
 (j) “Committee” means the committee described in Article 3 or (unless otherwise stated) its
designee pursuant to a delegation by the Committee as contemplated by Section 3.3. 
 (k) “Common Stock”
shall mean the common stock of the Company, par value $.01 per share. 
 (l) “Company” means Tupperware Brands
Corporation, a Delaware corporation, or any successor thereto as provided in Article 18 herein. 
 (m) “Covered
Employee” has the meaning ascribed thereto in Section 162(m) of the Code and the regulations thereunder. 

(n) “Director” means any individual who is a member or prospective member of the Board of Directors of the Company.

 (o) “Disability” means the inability of an Employee to perform the material duties of his or her occupation as
determined by the Committee. 
 (p) “Effective Date” means the date the Plan is approved by the stockholders of
the Company. 

  

(q) “Employee” means any nonunion employee or prospective employee of the Company or of the Company’s Subsidiaries or
affiliates. Directors who are not otherwise employed by the Company shall not be considered Employees under this Plan. 

(r) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto.

 (s) “Fair Market Value” means, except as expressly provided otherwise, as of any given date, the closing sales
price of the Common Stock during normal business hours on the New York Stock Exchange Composite Tape or, if not listed on such exchange, on any other national securities exchange on which the Common Stock is listed or on NASDAQ. If there is no
regular public trading market for such Common Stock, the Fair Market Value of the Common Stock shall be determined by the Committee in good faith. 
 (t) “Freestanding SAR” means a SAR that is granted independently of any Options pursuant to Section 7.1 herein. 

(u) “Good Reason” means the assignment to the Participant of any duties materially inconsistent in any respect with the
Participant’s position (including a material negative change regarding the Participant’s status, offices, titles or reporting requirements), authority, duties or responsibilities, or any other action by the Company which results in a
material diminution in such position, authority, duties or responsibilities (but not occurring solely as a result of the Company’s ceasing to be a publicly traded entity) existing immediately prior to the date of the Change of Control,
excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Participant. Any good faith determination of “Good
Reason” made by the Committee shall be conclusive. The Participant’s mental or physical incapacity following the occurrence of an event described in above clauses shall not affect the Participant’s ability to terminate employment for
Good Reason. 
 (v) “Incentive Stock Option” or “ISO” means an option to purchase Shares, granted under
Article 6 herein, which is designated as an Incentive Stock Option and is intended to meet the requirements of Section 422 of the Code. 
 (w) “Insider” shall mean an Employee who is, on the relevant date, an officer, Director, or more than ten percent (10 percent) Beneficial Owner of the Company. 

(x) “Non-Qualified Stock Option” or “NQSO” means an option to purchase Shares, granted under Article 6 herein,
which is not intended to be an Incentive Stock Option. 
 (y) “Option” or “Stock Option” means an
Incentive Stock Option or a Non-Qualified Stock Option. 
 (z) “Option Price” means the price at which a Share
may be purchased by a Participant pursuant to an Option, as determined by the Committee. 
 (aa) “Outside
Director” means a member of the Board who qualifies as an outside director as defined in Rule 162(m) of the Code, as promulgated by the Internal Revenue Service (the “Service”) under the Code, or any implementing or interpretive
regulations from time to time, or any successor definition adopted by the Service. 
 (bb) “Participant” means an
Employee or Director of or a consultant to the Company or any of its Subsidiaries or affiliates who has been granted an Award under the Plan. 

  

(cc) “Performance Award” means an Award granted to a Participant, as described in Article 10 herein, including
Performance Units and Performance Shares. 
 (dd) “Performance Goals” means the performance goals established by
the Committee prior to the grant of Performance Awards that are based on the attainment of one or any combination of the following: specified levels of net income or earnings per share from continuing operations, operating income, segment profit,
revenues, return on operating assets, return on equity, return on invested capital, stockholder return (measured in terms of stock price appreciation) and/or total stockholder return (measured in terms of stock price appreciation plus cash
dividends), achievement of cost control, working capital turns, cash flow, economic value added, sales force growth, or stock price of the Company or such Subsidiary, division or department of the Company for or within which the Participant
primarily renders services and that are intended to qualify under Section 162(m) (4) (c) of the Code. Such Performance Goals also may be based upon the attaining of specified levels of Company performance under one or more of the
measures described above relative to the performance of other corporations. Such Performance Goals shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations. 

(ee) “Performance Period” means a time period during which Performance Goals established in connection with Performance
Awards must be met. 
 (ff) “Performance Unit” means an Award granted to a Participant, as described in Article
10 herein. 
 (gg) “Performance Share” means an Award granted to a Participant, as described in Article 10
herein. 
 (hh) “Restriction Period” or “Period” means the period or periods during which the transfer
of Shares of Restricted Stock or Restricted Stock Units is limited based on the passage of time and the continuation of service with the Company and the Shares are subject to a substantial risk of forfeiture, as provided in Article 8 herein.

 (ii) “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and
used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d). 

(jj) “Restricted Stock” means an Award granted to a Participant pursuant to Article 8 herein. 

(kk) “Restricted Stock Unit” means an Award granted to a Participant pursuant to Article 9 herein. 

(ll) “Share” means a share of common stock of the Company. 

(mm) “Subsidiary” or “Subsidiaries” means any corporation or corporations in which the Company owns directly, or
indirectly through Subsidiaries, at least twenty-five percent (25 percent) of the total combined voting power of all classes of stock, or any other entity (including, but not limited to, partnerships and joint ventures) in which the Company owns at
least twenty-five percent (25 percent) of the combined equity thereof. 
 (nn) “Stock Appreciation Right” or
“SAR” means an Award, granted alone (Freestanding SAR) or in connection with a related Option (Tandem SAR), designated as a SAR, pursuant to the terms of Article 7 herein. 

  
 (oo) “Tandem
SAR” means a SAR that is granted in connection with a related Option pursuant to Section 7.1 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased
under the Option, the Tandem SAR shall similarly be cancelled). 
 ARTICLE 3. Administration 

3.1. The Committee. The Plan shall be administered by the Compensation and Management Development Committee or such other
committee of the Board (the “Committee”) as the Board may from time to time designate, which shall be composed solely of not less than two Outside Directors, and shall be appointed by and serve at the pleasure of the Board. 

3.2. Authority of the Committee. The Committee shall have plenary authority to grant Awards pursuant to the terms of the Plan
to Employees of and to consultants to the Company and its Subsidiaries and affiliates, except that the Nominating and Governance Committee of the Board of Directors of the Company shall have authority to grant Awards pursuant to the terms of the
Plan to Directors of the Company. 
 Among other things, the Committee shall have the authority, subject to the terms of the Plan: 

(a) To select the Employees and consultants to whom Awards may from time to time be granted; 

(b) To determine whether and to what extent Incentive Stock Options, Non-Qualified Stock Options, SARs, Restricted Stock, Restricted
Stock Units, Performance Awards or other stock-based or non-stock-based awards or any combination thereof are to be granted hereunder; 
 (c) To determine the number of Shares to be covered by each Award granted hereunder; 
 (d) To determine (by approving the forms of Award Agreements or otherwise by resolution) the terms and conditions of any Award granted hereunder (including, but not limited to, the Option Price
(subject to Section 6.4 (a)), the duration, any vesting condition, restriction or limitation (which may be related to the performance of the Participant, the Company or any Subsidiary or affiliate), any vesting acceleration or forfeiture waiver
regarding any Award and the Shares relating thereto, and the impact on any Award from termination of employment (whether as a consequence of death, Disability, retirement, action by the Company, action by the Participant or Change of Control) of an
Employee, or the termination of services of a consultant, based on such factors as the Committee shall determine; provided, however, that (i) the Committee shall have no authority to accelerate or waive any vesting except in cases of the death,
Disability or retirement of a Participant or in the case of a Change of Control; (ii) notwithstanding anything to the contrary in this Plan, no performance-based award shall be exercisable or shall vest and be paid out in less than one
(1) year from the date of grant, and no non-performance-based award (such as Restricted Stock Awards and Restricted Stock Unit Awards) shall be exercisable or shall vest and be paid out in less than three (3) years, except that
non-performance-based awards may begin to be exercisable or vest and be paid out ratably over a three (3) year period beginning with the first anniversary of the date of grant, and non-performance-based awards for Directors may be exercisable
or vest and be paid out not less than one (1) year from the date of grant; and (iii) notwithstanding the limitations contained in subsections (i) and (ii) of this proviso, the Committee shall have the authority to take such
actions regarding accelerations, waivers, exercise and or vesting terms otherwise limited by such subsections, so long as the aggregate number of Shares under Awards subject to such actions do not exceed 10% of the number of Shares available for
grant under the Plan as contemplated by Section 4.1 below; 

  
 (e) To determine
the methodology of counting Shares available for grant under the terms of the Plan. 
 (f) To modify, amend or adjust the
terms and conditions of any Award, at any time or from time to time, including but not limited to Performance Goals, unless at the time of establishment of goals the Committee shall have precluded its authority to make such adjustments; and

 (g) To determine to what extent and under what circumstances Shares and other amounts payable with respect to an Award
shall be deferred. 
 The Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices
governing the Plan as it shall from time to time deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating thereto), to create sub-plans that may be desirable for limited
groups of participants or jurisdictions and to otherwise supervise the administration of the Plan. 
 3.3. Action of the
Committee. The Committee may, to the fullest extent permitted by law and subject to such limitations and procedures as may be required by law or as the Committee may deem appropriate, (i) delegate to an officer of the Company the authority
to take actions or make decisions pursuant to Section 2(f), Section 3.2, Section 5.2, and Section 6.4, provided that no such delegation may be made that would cause Awards or other transactions under the Plan to cease
either to be exempt from Section 16(b) of the Exchange Act or to qualify as “qualified performance-based compensation” as such term is defined in the regulations promulgated under Section 162(m) of the Code, and
(ii) authorize any one or more of their members or any officer of the Company to execute and deliver documents on behalf of the Committee. 
 3.4. Decisions Binding. Any determination made by the Committee or pursuant to delegated authority pursuant to the provisions of the Plan with respect to any Award shall be made in the sole
discretion of the Committee or such delegate at the time of the grant of the Award or, unless in contravention of any express term of the Plan, at any time thereafter. All decisions made by the Committee or any appropriately delegated officer
pursuant to the provisions of the Plan shall be final and binding on all persons, including the Company and Plan Participants. 
 ARTICLE
4. Shares Subject to the Plan 
 4.1. Number of Shares. Subject to adjustment as provided in
Section 4.3 herein, the total number of Shares available for grant under the Plan (“Share Pool”) shall be the sum of (x) 4,750,000, (y) the number of Shares that remain available for issuance under the Tupperware Brands
Corporation 2006 Incentive Plan and the Tupperware Brands Corporation Director Stock Plan (the “Prior Plans”), and (z) any Shares which, upon a forfeiture or other event occurring under a Prior Plan or previous incentive plan of the
Company, would otherwise return to such plan for availability for reissuance in a future award. No Participant may be granted (i) Stock Options and Freestanding SARs in any one year covering, in the aggregate, in excess of 750,000 Shares, or
(ii) Restricted Stock, Restricted Stock Units and Performance Awards in any one year in excess of 250,000 Shares. Shares subject to an Award under the Plan may be authorized and unissued Shares or may be treasury Shares. As of the
Effective Date, the Company shall cease to grant awards under the Prior Plans. 

  
 4.2. Share
Counting. The following rules shall apply for purposes of the determination of the number of Shares available for grant under the Plan: 
 (a) Each Option awarded shall be counted as one share subject to an Award and deducted from the Share Pool. 
 (b) Each share of Restricted Stock or Restricted Stock Unit shall be counted as 2.0 Shares subject to an Award and deducted from the Share Pool. 

(c) Each Performance Award that is or is required to be settled in Shares shall be counted as 2.0 Shares subject to
an Award and deducted from the Share Pool, and if the Performance Award is expressed as a dollar amount rather than a number of shares, with the number of shares determined by dividing the value of the Performance Award at grant by the Fair Market
Value of a share at grant and then multiplying the result by 2.0. Performance Awards that may not be settled in Shares (or that may be settled in Shares but are not) shall not result in a reduction from the Share Pool. 

(d) Each Stock Appreciation Right that may be settled in Shares shall be counted as one Share subject to an Award and
deducted from the Share Pool. For each Stock Appreciation Right which is settled in Shares, the full number of shares subject to such Stock Appreciation Right shall be counted against the Share Pool, rather than the net-settled number of Shares
actually issued in such settlement. Stock Appreciation Rights that may not be settled in Shares shall not result in a reduction from the Share Pool. In addition, if a Stock Appreciation Right is granted in connection with an Option and the
exercise of the Stock Appreciation Right results in the loss of the Option right, the Shares that otherwise would have been issued upon the exercise of such related Option shall not result in a reduction in the Share Pool. 

(e) If, for any reason, any Shares awarded or subject to purchase under the Plan or the Company’s Prior Plans
are not delivered or purchased, or are reacquired by the Company, for reasons including, but not limited to, a forfeiture of Restricted Stock or a Restricted Stock Unit, or the termination, expiration or cancellation of an Option, Stock Appreciation
Right, Restricted Stock Unit, or Performance Award, or settlement of any Award in cash rather than Shares, such Shares (the “Returned Shares”) shall again be available for issuance pursuant to an Award under the Plan and shall be added to
the Share Pool, provided that any addition to the Share Pool shall be adjusted by whatever factor or factors were applied to determine the number of Shares originally deducted from the Share Pool. If the Option Exercise Price, purchase price
and/or tax withholding obligation under an Award is satisfied by the Company retaining Shares or by the Participant tendering Shares (either by actual delivery or attestation), the number of Shares so retained or tendered shall be deemed delivered
for purposes of determining the Share Pool and shall not be available for issuance pursuant to an Award under the Plan. 

4.3. Adjustments in Authorized Shares and Prices. In the event of any change in corporate capitalization, such as a stock
split, or a corporate transaction, such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of
such term in Section 368 of the Code) or any partial or complete 

 
liquidation of the Company, the Committee or Board may make such substitution or adjustments in the aggregate number and class of Shares reserved for issuance under the Plan, in the number, kind
and Option Price of Shares subject to outstanding Stock Options or SARs, in the number and kind of Shares subject to other outstanding Awards granted under the Plan or subject to limitations such as Restricted Stock Awards or Restricted Stock Units
or per-Participant maximum awards and/or such other equitable substitution or adjustments as it may determine to be appropriate in its sole discretion; provided, however, that the number of Shares subject to any Award shall always be a
whole number; and provided further, however, that notwithstanding the foregoing, in the event of a change in capitalization that is the result of an equity restructuring which is not the consequence of a corporate transaction with a third-party,
such substitutions or adjustments shall be required to be made. Such adjusted Option Price shall also be used to determine the amount payable by the Company upon the exercise of any Tandem SAR. Such substitutions and adjustments may include, without
limitation, canceling any and all Awards in exchange for cash payments based upon the value realized by shareholders generally with respect to Shares in connection with such a corporate transaction. 

ARTICLE 5. Eligibility and Participation 
 5.1. Eligibility. Persons eligible to be granted Awards under this Plan include all Employees and Directors of and all consultants to the Company or any of its Subsidiaries or affiliates, and
all prospective Employees and Directors of and consultants to the Company or any of its Subsidiaries or affiliates, as determined by the Committee, including Employees who are members of the Board. 

5.2. Actual Participation. Subject to the provisions of the Plan, the Committee may, from time to time, select from all
eligible Employees and consultants, those to whom Awards shall be granted and shall determine the nature and amount of each Award, except that the Nominating and Governance Committee of the Board of the Company shall have the authority to perform
such function for Directors. 
 ARTICLE 6. Stock Options 
 6.1. Grant of Options. Stock Options may be granted alone or in addition to other Awards granted under the Plan and may be of two types: Incentive Stock Options and Non-Qualified Stock
Options. Any Stock Option granted under the Plan shall be in such form as the Committee may from time to time approve. The Committee shall have the authority to grant any optionee Incentive Stock Options, Non-Qualified Stock Options or both types of
Stock Options (in each case with or without Stock Appreciation Rights); provided, however, that grants hereunder are subject to the aggregate limit on grants to individual Participants set forth in Article 4. Incentive Stock Options
may be granted only to employees of the Company and any “subsidiary corporation” (as such term is defined in Section 424(f) of the Code). To the extent that any Stock Option is not designated as an Incentive Stock Option or even if so
designated does not qualify as an Incentive Stock Option, it shall constitute a Non-Qualified Stock Option. 

6.2. Award Agreement. Stock Options shall be evidenced by Award Agreements, the terms and provisions of which may differ. An
Award Agreement shall indicate on its face whether it is intended to be an agreement for an Incentive Stock Option or a Non-Qualified Stock Option. The grant of a Stock Option shall occur on the date the Committee by resolution selects an individual
to be a Participant in any grant of a Stock Option, determines the number of Shares 

 
to be subject to such Stock Option to be granted to such individual and specifies the terms and provisions of the Stock Option, or such later date as the Committee designates. The Company shall
notify a Participant of any grant of a Stock Option, and a written Award Agreement or agreements shall be duly executed and delivered by the Company to the Participant. Such agreement or agreements shall become effective upon execution by the
Company and the Participant and may take the form of electronic agreements and electronic signatures or acceptances. 
 6.3. Incentive Stock Options. Notwithstanding any other provision of the Plan, no Incentive Stock Option may be granted under the Plan after the 10th anniversary of the Effective Date. 

6.4. Terms and Conditions. Stock Options granted under the Plan shall be subject to the following terms and conditions and
shall contain such additional terms and conditions as the Committee shall deem desirable: 
 (a) Stock Option Price.
The Option Price per Share purchasable under a Stock Option shall be determined by the Committee and set forth in the Award Agreement, and shall not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the date of
grant. 
 (b) Option Term. The term of each Stock Option shall be fixed by the Committee, but no Stock Option shall
be exercisable more than 10 years after the date the Stock Option is granted. 
 (c) Exercisability. Except as
otherwise provided herein, Stock Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee. If the Committee provides that any Stock Option is exercisable only in
installments, the Committee may at any time waive such installment exercise provisions, in whole or in part, or accelerate the exercisability of any Stock Option, based on such factors as the Committee may determine, but in each case subject to
Section 3.2(d) above. 
 (d) Method of Exercise. Subject to the provisions of this Article 6, Stock Options may
be exercised, in whole or in part, at any time during the term of the Stock Option by giving written notice of exercise to the Company specifying the number of Shares subject to the Stock Option to be purchased. 

Such notice shall be accompanied by payment in full of the Option Price by certified or bank check or such other instrument as the Company may accept.
Payment, in full or in part, may also be made in the form of delivery of unrestricted Shares already owned by the optionee of the same class as the Shares subject to the Stock Option (based on the Fair Market Value of the Shares on the date the
Stock Option is exercised) and, unless such Shares were acquired in the open market, held for a period of not less than six months prior to the exercise of the Stock Option, or by certifying ownership of such Shares by the Participant to the
satisfaction of the Company for later delivery to the Company as specified by the Committee; provided, however, that, in the case of an Incentive Stock Option, the right to make a payment in the form of already owned Shares of the same
class as the Shares subject to the Stock Option may be authorized only at the time the Stock Option is granted. Payment may also be made in the case of an NQSO only by a “net exercise” arrangement pursuant to which the Company will reduce
the shares of Common Stock issued upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company

 
shall accept a cash or other payment from the Participant to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to
be issued; provided, further, that shares of Common Stock will no longer be outstanding under a Stock Option and will not be exercisable thereafter to the extent that (A) shares are used to pay the exercise price pursuant to the “net
exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to satisfy tax withholding obligations. In the discretion of the Committee and to the extent permitted by applicable law,
as set forth in a form of Stock Option agreement or in a resolution of the Committee, payment for any Shares subject to a Stock Option may also (or only) be made pursuant to a “cashless exercise” by delivering a properly executed exercise
notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds to pay the purchase price, and, if requested, the amount of any federal, state, local or
foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures with one or more brokerage firms. 
 No Shares shall be issued until full payment therefor has been made. An optionee shall have all of the rights of a stockholder of the Company holding the class or series of Shares that is subject to such
Stock Option (including, if applicable, the right to vote the Shares and the right to receive dividends), when the optionee has given written notice of exercise and has paid in full for such Shares. 

(e) Restrictions on Share Transferability. The Committee may impose such restrictions on any Shares acquired pursuant to the
exercise of a Stock Option under the Plan as it may deem advisable, including, without limitation, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such Shares are then listed
and/or traded, and under any blue sky or state securities laws applicable to such Shares. 
 ARTICLE 7. Stock Appreciation Rights

 7.1. Grant of SARs. Subject to the terms and conditions of the Plan, a SAR may be granted to an Employee,
Director or consultant at any time and from time to time as shall be determined by the Committee. The Committee may grant Freestanding SARs, Tandem SARs, or any combination of these forms of SAR. In the case of a Non-Qualified Stock Option, Tandem
SARs may be granted either at or after the time of grant of such Stock Option. In the case of an Incentive Stock Option, Tandem SARs may be granted only at the time of grant of such Stock Option. 

The Committee shall have complete discretion in determining the number of SARs granted to each Participant (subject to the aggregate limit on grants to
individual Participants set forth in Article 4) and, consistent with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs. However, the grant price of a Freestanding SAR shall be at least equal to the Fair
Market Value of a Share on the date of grant of the SAR. The grant price of Tandem SARs shall equal the Option Price of the related Option. 
 7.2. Exercise of Tandem SARs. Tandem SARs may be exercised for all or part of the Shares subject to the related Option upon the surrender of the right to exercise the equivalent portion of the
related Option. A Tandem SAR shall terminate and no longer be exercisable upon the termination or exercise of the related Stock Option. A Tandem SAR may be exercised only with respect to the Shares for which its related Option is then exercisable.

  
 Notwithstanding any other provision of
this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (i) the Tandem SAR will expire no later than the expiration of the underlying ISO; (ii) the value of the payout with respect to the Tandem SAR may
be for no more than one hundred percent (100 percent) of the difference between the Option Price of the underlying ISO and the Fair Market Value of the Shares subject to the underlying ISO at the time the Tandem SAR is exercised; and
(iii) the Tandem SAR may be exercised only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price of the ISO. 
 7.3. Exercise of Freestanding SARs. Subject to the other provisions of this Article 7, Freestanding SARs may be exercised upon whatever terms and conditions the Committee, at its sole
discretion, imposes upon them. 
 7.4. SAR Agreement. Each SAR grant shall be evidenced by an Award Agreement that
shall specify the grant price, the term of the SAR, and such other provisions as the Committee shall determine. 

7.5. Term of SARs. The term of a SAR granted under the Plan shall be determined by the Committee, at its sole discretion;
provided, however, that such term shall not exceed ten (10) years. 
 7.6. Payment of SAR Amount.
Upon exercise of a SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying: 
 (a) The excess of the Fair Market Value of a Share on the date of exercise over the grant price of the SAR; by 
 (b) The number of Shares with respect to which the SAR is exercised. 
 At the discretion of
the Committee, the payment upon SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof. 

7.7. Rule 16b-3 Requirements. Notwithstanding any other provision of the Plan, the Committee may impose such conditions on
exercise of a SAR (including, without limitation, the right of the Committee to limit the time of exercise to specified periods) as may be required to satisfy the requirements of any rule or interpretation promulgated under Section 16 (or any
successor rule) of the Exchange Act. 
 ARTICLE 8. Restricted Stock 

8.1. Administration. Shares of Restricted Stock may be awarded either alone or in addition to other Awards granted under the
Plan. The Committee shall determine the Employees, Directors and consultants to whom and the time or times at which grants of Restricted Stock will be awarded, the number of Shares to be awarded to any Participant (subject to the aggregate limit on
grants to individual Participants set forth in Article 4), the conditions for vesting, the time or times within which such Awards may be subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in
Section 8.3. 
 The Committee may, prior to grant, condition the vesting of Restricted Stock upon continued service of the Participant. The
provisions of Restricted Stock Awards need not be the same with respect to each recipient. 

  
 8.2. Awards
and Certificates. Shares of Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of Shares of
Restricted Stock shall be registered in the name of such Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 

“The sale or other transfer of the Shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is
subject to certain restrictions on transfer as set forth in the Tupperware Brands Corporation 2010 Incentive Plan, or in an Award Agreement. A copy of the Plan and such Award Agreement may be obtained from Tupperware Brands Corporation.”

 The Committee may require that the certificates evidencing such Shares be held in custody by the Company until the restrictions thereon shall
have lapsed and that, as a condition of any Award of Restricted Stock, the Participant shall have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. 

8.3. Terms and Conditions. Shares of Restricted Stock shall be subject to the following terms and conditions: 

(a) Subject to the provisions of the Plan and the Award Agreement referred to in Section 8.3(d), during the Restricted Period,
the Participant shall not be permitted to sell, assign, transfer, pledge or otherwise encumber Shares of Restricted Stock. Within these limits, the Committee may, subject to Section 3.2(d) above, provide for the lapse of restrictions based upon
period of service in installments or otherwise and may accelerate or waive, in whole or in part, restrictions based upon period of service. 
 (b) Except as provided in this paragraph (b) and paragraph (a), above, and the Award Agreement, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a
stockholder of the Company holding the class or series of Shares that is the subject of the Restricted Stock to vote the Shares. Dividends shall be held and shall accrue, subject to the vesting of the underlying Restricted Stock, unless the
Committee determines otherwise in the applicable Award Agreement or makes an adjustment or substitution to the Restricted Stock pursuant to Section 4.3 in connection with such dividend or distribution. 

(c) If and when any applicable Restriction Period expires without a prior forfeiture of the Restricted Stock, book-entry
registration or unlegended certificates for such Shares, as determined by the Committee, and any accrued but unpaid dividends shall be delivered to the Participant. 
 (d) Each Award shall be confirmed by, and be subject to, the terms of an Award Agreement. 

ARTICLE 9. Restricted Stock Units 
 9.1. Nature of Award. Restricted Stock Units are Awards denominated in Shares that will be settled, subject to the terms and conditions of the Restricted Stock Units, either by delivery of
Shares to the Participant or by the payment of cash based upon the Fair Market Value of a specified number of Shares. Restricted Stock Units may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall
determine the conditions for vesting, the time or times within which such Awards may be subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 9.2. 

9.2. Terms and Conditions. The Committee may, in connection with the grant of Restricted Stock Units, designate them as
Performance Awards, in which event it shall condition 

 
the vesting thereof upon the attainment of Performance Goals. If the Committee does not designate Restricted Stock Units as Performance Awards, it may also condition the vesting thereof upon the
attainment of Performance Goals. Regardless of whether Restricted Stock Units are Performance Awards, the Committee may also condition the vesting thereof upon the continued service of the Participant. The applicable Award Agreement shall specify
the consequences for the Restricted Stock Units of the Participant’s termination of employment. An Award of Restricted Stock Units shall be settled as and when the Restricted Stock Units vest or at a later time specified by the Committee or in
accordance with an election of the Participant, if the Committee so permits. Restricted Stock Units may not be sold, assigned, transferred, pledged or otherwise encumbered until they are settled, except to the extent provided in the applicable Award
Agreement in the event of the Participant’s death. The Award Agreement for Restricted Stock Units shall specify whether, to what extent and on what terms and conditions the applicable Participant shall be entitled to receive current or deferred
payments of cash, Common Stock or other property corresponding to the dividends payable on the Common Stock (subject to Section 21.3 below). 
 ARTICLE 10. Performance Awards 
 10.1. Grant of Performance
Awards. Subject to the terms of the Plan, Performance Awards may be granted either alone or in addition to other Awards granted under the Plan, as determined by the Committee. Such Performance Awards may take the form determined by the
Committee, including without limitation, cash, Shares, Performance Units and Performance Shares, or any combination thereof. Performance Awards may be awarded as short-term or long-term incentives. Each Director shall receive a one-time grant of one
thousand (1,000) Shares upon serving his or her initial three months as a member of the Board. 
 10.2. Performance
Goals. 
 (a) The Committee may set Performance Goals at its discretion which, depending on the extent to which they
are met, will determine the number and/or value of Performance Awards that will be paid out to the Participants, and may attach to such Performance Awards one or more restrictions, including, without limitation, a requirement that Participants pay a
stipulated purchase price for each Performance Share, or restrictions which are necessary or desirable as a result of applicable laws or regulations. Each Performance Award may be confirmed by, and be subject to, an Award Agreement. 

(b) The Committee shall have the authority at any time to make adjustments to Performance Goals for any outstanding Performance
Awards which the Committee deems necessary or desirable unless at the time of establishment of goals the Committee shall have precluded its authority to make such adjustments. 
 10.3. Value of Performance Units/Shares. 
 (a) Each Performance
Unit shall have an initial value that is established by the Committee at the time of grant. 
 (b) Each Performance Share
shall have an initial value equal to the Fair Market Value of a Share on the date of grant. 
 10.4. Earning of
Performance Awards. After the applicable Performance Period has ended, the holder of any Performance Award shall be entitled to receive the payout earned by the Participant over the Performance Period, to be determined as a function of the
extent to which the corresponding Performance Goals have been achieved, except as adjusted pursuant to Section 10.2(b) or as deferred pursuant to Article 13. 

  
 10.5. Timing
of Payment of Performance Awards. Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee. The Committee may permit the Participants to elect to defer or the Committee
may require the deferral of, the receipt of Performance Awards upon such terms as the Committee deems appropriate. 
 ARTICLE 11. Other
Stock-Based Awards 
 Other Awards of Common Stock and other Awards that are valued in whole or in part by reference to, or
are otherwise based upon, Common Stock, including (without limitation) dividend equivalents and convertible debentures, may be granted under the Plan; provided, however, that dividends or dividend equivalents shall not be included in such other
Awards which take the form of Stock Options or Stock Appreciation Rights. 
 ARTICLE 12. Beneficiary 

12.1. Designation. Each Participant under the Plan may, from time to time, name any Beneficiary or Beneficiaries (who may be
named contingently or successively). Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and shall be effective only when filed by the Participant in writing with the
Company during the Participant’s lifetime. Any such designation shall control over any inconsistent testamentary or inter vivos transfer by a Participant, and any benefit of a Participant under the Plan shall pass automatically to a
Participant’s Beneficiary pursuant to a proper designation pursuant to this Section 12.1 without administration under any statute or rule of law governing the transfer of property by will, trust, gift or intestacy. 

12.2. Absence of Designation. In the absence of any such designation contemplated by Section 12.1, benefits remaining
unpaid at the Participant’s death shall be paid pursuant to the Participant’s will or pursuant to the laws of descent and distribution. 
 ARTICLE 13. Deferrals 
 13.1. Deferrals. The Committee may
permit a Participant to elect, or the Committee may require at its sole discretion subject to the proviso set forth below, any one or more of the following: (i) the deferral of the Participant’s receipt of cash, (ii) a delay in the
exercise of an Option or SAR, (iii) a delay in the lapse or waiver of restrictions with respect to Restricted Stock or Restricted Stock Units, or (iv) a delay of the satisfaction of any requirements or goals with respect to Performance
Awards; provided, however, the Committee’s authority to take such actions hereunder shall exist only to the extent necessary to reduce or eliminate a limitation on the deductibility of compensation paid to the Participant pursuant
to (and so long as such action in and of itself does not constitute the exercise of impermissible discretion under) Section 162(m) of the Code, or any successor provision thereunder. If any such deferral is required or permitted, the Committee
shall establish rules and procedures for such deferrals, including provisions relating to periods of deferral, the terms of payment following the expiration of the deferral periods, and the rate of earnings, if any, to be credited to any amounts
deferred thereunder. 

  

13.2. Section 409A. Notwithstanding the foregoing, if any deferral permitted by this Plan or an Award Agreement or any
distribution of an Award pursuant to the terms of this Plan or an Award Agreement would subject a Participant to tax under Section 409A of the Code, the Company shall modify the Plan or applicable Award Agreement in the least restrictive manner
necessary in order to comply with the provisions of Section 409A, other applicable provision(s) of the Code and/or any rules, regulations or other regulatory guidance issued under such statutory provisions and, in each case, without any
material diminution in the value of the payments to an affected Participant. 
 ARTICLE 14. Rights of Employees and Consultants

 14.1. Employment. Nothing in the Plan shall interfere with or limit in any way the right of the Company to
terminate any Participant’s employment or status as a consultant at any time, nor confer upon any Participant any right to continue in the employ of the Company or any of its Subsidiaries or affiliates or to continue as a consultant. For
purposes of the Plan, transfer of employment of a Participant between the Company and any one of its Subsidiaries and affiliates (or between Subsidiaries and affiliates) shall not be deemed a termination of employment. However, if a Subsidiary or
affiliate of the Company ceases to be a Subsidiary or affiliate, any Participant who is no longer employed by or a consultant to the Company or one of its remaining Subsidiaries and affiliates following such event shall be considered to have
terminated his or her employment or consultancy, notwithstanding any continued employment or consultancy with such former Subsidiary or affiliate. 
 14.2. Participation. No Employee, Director or consultant shall have the right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a
future Award. 
 ARTICLE 15. Change of Control 
 (a) Treatment of Outstanding Awards. 
 In the event of a Change of Control, the
successor organization (the “Successor”) may substitute equivalent awards. A substitute equivalent award must (i) have a value at least equal to the value of the Award being substituted as determined by the Committee in its sole
discretion; (ii) relate to a publicly-traded equity security of the Successor involved in the Change of Control or another entity that is affiliated with the Company or the Successor following the Change of Control; (iii) be the same type
of award to the Award being substituted; and (iv) have other terms and conditions that are not less favorable to the Participant than the terms and conditions of the Award being substituted, as determined by the Committee in its sole
discretion. If an Award is substituted by the Successor and within two (2) years following a Change of Control the Participant (i) is terminated by the Successor (or an affiliate thereof) without Cause or (ii) if the Participant is an
executive officer of the Company (who is subject to reporting under Section 16 of the Exchange Act of 1934) and resigns for Good Reason, the following rules shall apply to the substituted Awards, unless otherwise specifically provided in the
applicable Award Agreement: 
  

	 	(A)	Vesting of Options and SARs. Any and all Options and SARs shall become immediately exercisable as of the termination or resignation.

  

	 	(B)	 Lapse of Restricted Stock and Unit Restrictions that are not Performance-Based. Any restrictions imposed on Restricted Stock
or Restricted Stock Units that are not performance-based shall lapse. Restricted Stock Units shall be paid in cash or 

	 	 
stock as provided in the Award Agreement. If such Restricted Stock Units are exempt from the requirements of Code § 409A, the Restricted Stock Units shall be paid within thirty
(30) days following the termination or resignation. If such Restricted Stock Units are subject to the requirements of Code § 409A, then the Restricted Stock Units shall be paid within the thirty (30) day period following the six
(6) month anniversary of the Participant’s separation from service (within the meaning of the 409A Guidance) (a “Separation from Service”). If a Participant’s termination or resignation is not a Separation from Service,
Restricted Stock Units subject to the requirements of Code § 409A shall be paid as of the earlier of the time specified in the Award Agreement or one day after the six (6) month anniversary of the date the Participant has a Separation
from Service following such Change of Control . 

  

	 	(C)	Vesting, Payment and Achievement of Performance-Based Awards. Performance-based Awards shall vest with respect to each performance measurement
tranche completed during the Performance Period prior to the termination or resignation (or, if the Performance Period is not divided into separate performance measurement tranches, proportionately based on the portion of the Performance Period
completed prior to such resignation or termination and expressed in terms of the total of completed months out of the total number of months within the Performance Period), with payment to be made, based on actual performance, in cash or stock at
such time following the Performance Period as otherwise specified in the Award document. 

  

	 	(D)	Transfer. A transfer of employment among the Successor and its affiliates shall not, in and of itself, be deemed a termination or resignation of
employment. 

 (b) In the event of a Change of Control, any outstanding Awards that are not substituted with
equivalent awards, by the Successor, or in the case of a dissolution or liquidation of the Company, all Awards shall be subject to the following rules: 
  

	 	(A)	Options and SARs. All Options and SARs shall be fully vested and exercisable and the Committee shall either (1) give a Participant a
reasonable opportunity to exercise the Option and SAR before the transaction resulting in the Change of Control or (2) pay the Participant the difference between the exercise price for the Option or SAR and the consideration provided to other
similarly situated shareholders in such Change of Control. In either case, such Option or SAR shall be cancelled. The Committee shall not be obligated to treat all Options and SARs subject to this Section 15(b) in the same manner.

  

	 	(B)	 Lapse of Restricted Stock and Unit Restrictions that are not Performance-Based. Any restrictions imposed on Restricted Stock
or Restricted Stock Units that are not performance-based shall lapse. Restricted Stock Units shall be paid in cash or stock as provided in the Award document. If Restricted Stock Units are exempt from the requirements of Code § 409A, then
the Restricted Stock Units shall be paid within thirty (30) days following the Change of Control. If Restricted Stock Units are subject to the requirements of Code § 409A, then the time of payment will depend on whether the Change of
Control is a distribution event under Treasury Regulation § 1.409A-3(a)(5) (a “409A Change of Control”). If the Change of Control is a 409A Change of Control, then the Restricted Stock Units subject to the requirements of Code
§ 409A shall be paid within the thirty (30) day period following the six (6) month anniversary of the Change of Control. If the Change of Control is not a 409A Change of Control,

	 	 
Restricted Stock Units subject to the requirements of Code § 409A shall be paid as of the earlier of the time specified in the Award Agreement or one day after the six (6) month
anniversary of the date the Participant has a Separation from Service following such Change of Control. 

  

	 	(C)	Vesting, Payment and Achievement of Performance-Based Awards. Performance-based Awards shall vest with respect to each performance measurement
tranche completed during the Performance Period prior to the Change of Control or dissolution or liquidation (or, if the Performance Period is not divided into separate performance measurement tranches, proportionately based on the portion of the
Performance Period completed prior to such Change of Control or dissolution or liquidation and expressed in terms of the total of completed months out of the total number of months within the Performance Period), with payment to be made, based on
actual performance, in cash or stock at such time following the Performance Period as otherwise specified in the Award document. 

 15.2. Termination, Amendment, and Modifications of Change of Control Provisions. Notwithstanding any other provision of this Plan or any Award Agreement provision, the provisions of this
Article 15 may not be terminated, amended, or modified in any manner that adversely affects any then-outstanding Award without the prior written consent of the Participant if such action is taken (a) on or after the date of a Change of Control
or (b) at the request of a party seeking to effectuate a Change of Control or otherwise in anticipation of a Change of Control. 

ARTICLE 16. Amendment, Modification, and Termination 
 16.1. Amendment, Modification, and Termination. Except as specifically provided in Section 15.2, at any time and from time to time, the Board may terminate, amend, or modify the Plan.
However, without the approval of the stockholders of the Company, no such amendment or modification may: 
 (a) Increase
the total number of Shares which may be issued under this Plan, except as provided in Article 4 hereof; or 
 (b) Modify
the eligibility requirements; or 
 (c) Materially increase the benefits accruing under the Plan. 

16.2. Awards Previously Granted. (a) Notwithstanding the foregoing, prior to a Change of Control, the Committee shall
have the right to replace any previously granted Award under the Plan with an Award equal to the value of the replaced Award at the time of replacement, as determined by the Committee in its sole discretion, without obtaining the consent of the
Participant holding such Award; provided, however, that notwithstanding the foregoing or the terms of any Award Agreement provision, the Committee shall not modify any Stock Option or SAR without stockholder approval if the effect of
such modification would be to (i) reduce an Option Price of a Stock Option or the grant price of an SAR; (ii) cancel a Stock Option or SAR in exchange for other Awards under the Plan; (iii) cancel a Stock Option or SAR in exchange for
a Stock Option or SAR with a Option Price or grant price, respectively, that is less than the Option Price or grant price of the cancelled Stock Option or SAR, respectively; or (iv) cancel a Stock Option or SAR in exchange for cash; and
provided, further, that no such replacement shall deprive the Participant of any rights he or she may have pursuant to Article 15, which shall apply to the replacement Award to the same extent as to the replaced Award. 

  
 (b) In the event it is
determined that the Company’s previously reported financial results have been misstated due to error, omission, fraud or other misconduct, including a misstatement that leads to a restatement of previously issued financial statements, any
previous cash payment, deferral of cash payment, or delivery of common stock of the Company which was made pursuant to any incentive compensation award shall be subject to recovery by the Company as the Committee, in its sole discretion, shall in
good faith determine. The Company may recover all or any portion of any award made to any Participant with respect to a fiscal year of the Company when misstated financial information that formed the basis for the award occurs. The maximum amount
subject to recovery from a Participant shall be the amount by which the affected award exceeded the amount that would have been payable had the financial information been initially prepared as adjusted to correct for the misstatement, or any lesser
amount that the Committee may determine; provided, however, that in the case of a secondary award, the Committee may make such determination as to the amount of any repayment it deems to have been based upon financial results that would have been
adjusted to correct such misstatement, up to the total amount of the secondary award. The Committee shall also have the power under this Section 16.2(b) to (i) recover from a Participant any shares of common stock delivered in connection
with an Award, and/or (ii) cancel an outstanding Award in connection with such an action. 
 16.3. Changes in Law
and Tax Accounting. Notwithstanding the provisions of Sections 16.1 and 16.2, the Board shall have authority to amend the Plan to take into account changes in law and tax and accounting rules as well as other developments, and to grant Awards
which qualify for beneficial treatment under such rules without stockholder approval. 
 ARTICLE 17. Withholding 

17.1. Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit
to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event arising under or as a result of this Plan.

 17.2. Share Withholding. With respect to withholding required and/or permitted upon the exercise of Options or
SARs, upon the lapse of restrictions on Restricted Stock, or upon any other taxable event hereunder, the Committee may require or permit, at its discretion, satisfaction of the withholding requirement, in whole or in part, by having the Company
withhold Shares (or by surrendering Shares previously owned or purchased in the open market) having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction.

 ARTICLE 18. Successors 
 All
obligations of the Company under the Plan, with respect to Awards granted hereunder, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation,
spin-off, or otherwise, of all or substantially all of the business and/or assets of the Company. 

  
 ARTICLE 19. Nontransferability
of Awards. 
 Unless otherwise determined by the Committee, no Award shall be transferable (either by sale, pledge, assignment, gift, or
other alienation or hypothecation) by a Participant other than by will or by application of the laws of descent and distribution; provided, however, no Award may be transferred for value (as defined in the General Instructions to Form S-8).

 ARTICLE 20. Unfunded Status of Plan 
 It is presently intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the
obligations created under the Plan to deliver Common Stock or make payments; provided, however, that unless the Committee otherwise determines, the existence of such trusts or other arrangements shall be consistent with the
“unfunded” status of the Plan. 
 ARTICLE 21. Miscellaneous 

21.1. Subsidiary Employees. In the case of a grant of an Award to an employee or consultant of any Subsidiary of the Company,
the Company may, if the Committee so directs, issue or transfer the shares of Common Stock, if any, covered by the Award to the Subsidiary, for such lawful consideration as the Committee may specify, upon the condition or understanding that the
Subsidiary will transfer the shares of Common Stock to the employee or consultant in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are
forfeited or canceled revert to the Company. 
 21.2. Foreign Employees and Foreign Law Considerations. The
Committee may grant Awards to individuals who are eligible to participate in the plan who are foreign nationals, who are located outside the United States or who are not compensated from a payroll maintained in the United States, or who are
otherwise subject to (or could cause the Company to be subject to) legal or regulatory provisions of countries or jurisdictions outside the United States, on such terms and conditions different from those specified in the Plan as may, in the
judgment of the Committee, be necessary or desirable to foster and promote achievement of the purposes of the Plan, and, in furtherance of such purposes, the Committee may make such modifications, amendments, procedures, or subplans as may be
necessary or advisable to comply with such legal or regulatory provisions. 
 21.3. Limitation on Dividend Reinvestment
and Dividend Equivalents. Reinvestment of dividends in additional Restricted Stock at the time of any dividend payment, and the payment of Shares with respect to dividends to Participants holding Awards of Restricted Stock Units, shall only be
permissible if sufficient Shares are available under Section 4 for such reinvestment (taking into account then outstanding Options and other Awards). 
 ARTICLE 22. Legal Construction 
 22.1. Gender and Number. Except
where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall include the plural. 

22.2. Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

  

22.3. Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. With respect to Insiders, transactions under this Plan are intended to comply with all applicable conditions of
Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or action by the Committee fails to comply with this Section 22.3, it shall be deemed null and void, to the extent permitted by law and deemed
advisable by the Committee. 
 Notwithstanding any other provision of the Plan or agreements made pursuant thereto, the Company shall not be
required to issue or deliver any certificate or certificates for Shares or uncertificated forms of Shares under the Plan prior to fulfillment of all of the following conditions: 

(a) Listing or approval for listing upon notice of issuance, of such Shares on the New York Stock Exchange, Inc., or such other
securities exchange as may at the time be the principal market for the Shares; 
 (b) Any registration or other
qualification of such Shares under any state or federal law or regulation, or the maintaining in effect of any such registration or other qualification which the Committee shall, in its absolute discretion upon the advice of counsel, deem necessary
or advisable; and 
 (c) Obtaining any other consent, approval, or permit from any state or federal governmental agency
which the Committee shall, in its absolute discretion after receiving the advice of counsel, determine to be necessary or advisable. 
 22.4. Governing Law. To the extent not preempted by federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of
Delaware.

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