Document:

Summary of Embarq Corporation 2008 Short-Term Incentive Plan.

 EXHIBIT 10.4 
 Summary of Embarq Corporation 2008 Short-Term Incentive Program 
 On February 27, 2008, the Compensation Committee of
our Board of Directors established the performance objectives and other terms of our 2008 Short-Term Incentive program (the “2008 STI program”), for our eligible employees, including our executive officers. The 2008 STI program provides
for a payment of incentive compensation to our eligible employees, including our executive officers, based on the weighted achievement of performance objectives during 2008 relating to telecommunications segment services revenue (30% weighting) and
operating cash flow (50% weighting), both as adjusted for certain items, and customer satisfaction improvement (20% weighting). 
 Each
performance objective has a threshold, target and maximum payment level at 25%, 100% and 200% of an individual’s target opportunity. An eligible employee’s incentive target opportunity will be multiplied by the weightings and the payment
level for each performance objective to calculate the actual STI payment. Performance levels between the threshold, target, and maximum levels will be interpolated mathematically to calculate a proportionate payout. Performance below the threshold
level for a performance objective will result in no payout for that objective. The incentive payments paid under the 2008 STI program will be based on our results in 2008 in relation to the established performance objectives, and these payments may
be greater or less than the individual target opportunities. The determination of the amount of payments for certain executive officers is expected to be made so as to comply with Section 162(m) of the Internal Revenue Code.Summary of Embarq Corporation 2008 Non-Employee Director Compensation Program.

 EXHIBIT 10.5 
 Summary of Embarq Corporation Non-Employee Director Compensation Program 
 The 2008 Embarq Non-Employee Director Compensation
Program, approved by the Embarq Board of Directors, pays each non-employee director: (1) an annual cash retainer of $50,000, and (2) a fee equal to $1,500 for each Board meeting (or any meeting of a Board committee on which a non-employee
director is a member or an invited guest) that the eligible director personally attends, and $750 for each meeting that the eligible director attends by telephone. The Audit Committee Chair receives an additional annual retainer of $15,000 and any
other committee Chair (including the Chair of any special committee) receives an additional annual retainer of $10,000. All cash compensation is paid quarterly and all retainers are prorated for the period of service provided during the quarter. In
2007, Embarq’s Lead Independent Director received an annual retainer for 2007 of $20,000. In December 2007, the Embarq Board of Directors appointed the Board’s Lead Independent Director to the role of Non-Executive Chairman. In February
2008, the Board of Directors determined that the Non-Executive Chairman will receive an additional annual retainer equal to $200,000 to be awarded in the form of time-vested restricted stock units (“RSUs”). These RSUs will be granted on or
about the date of the annual meeting of shareholders and will vest after one year. The Non-Executive Chairman will no longer receive the Lead Independent Director retainer, as that position was eliminated. 
 Embarq’s director compensation program also provides each non-employee director: 
  

	 	•	 	 An award of RSUs with a grant date fair value of $150,000 in connection with his or her initial election to the Board of Directors, which vest in full upon our
third regular annual meeting of shareholders following the grant date and with prorated acceleration of vesting in the event of a change in control or the director’s death, disability, retirement, or involuntary separation from the Board;

  

	 	•	 	 An award of RSUs with a grant date fair value of $75,000, on or about the date of each annual meeting of shareholders, which vest in full one year following the
grant date. With respect to this annual RSU grant, vesting also will be accelerated in full in the event of a change in control or the director’s death, disability, retirement, or involuntary separation from the Board; and

  

	 	•	 	 An annual telecommunications allowance of up to $6,000, which covers services, equipment and tax gross-ups. 

 Our director compensation program will remain in effect until changed by the Board of Directors.Exhibit 4.1

 Exhibit 4.1 
  

	
	

 The following abbreviations, when used in the inscription on the face of this certificate, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

													
	TEN COM	 	–	  	as tenants in common	  	UNIF GIFT MIN ACT–	 	  
	 	Custodian	 	  

	TEN ENT	 	–	  	as tenants by the entireties	  		 	(Cust)	 		 	(Minor)
	JT TEN	 	–	  	as joint tenants with right	  		 	under Uniform Gifts to Minors Act
		 		  	of survivorship and not as	  		 	  

		 		  	tenants in common	  		 	(State)

 Additional abbreviations may also be used though not in the above list. 
  

					
	For value received,	 	  
	  	hereby sells, assigns and transfers unto

  

							
	 PLEASE INSERT SOCIAL SECURITY
 OR OTHER IDENTIFYING NUMBER
  
	  		  		  	
	 			
	 	  		  		  	

  
  
  
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS,
INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) 
  
  
 Shares of the Common Stock represented by the within Certificate, and does hereby irrevocably constitute and appoint 
  
  
 Attorney to transfer the said shares on the books of the within-named Corporation with full power of substitution in the premises. 
 Dated
                     
  

							
		 		 	X	  	  

				
		 		 	X	  	  

		 		 	NOTICE:	  	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

 Signature(s) Guaranteed 
  

					
	By	  	  
	  	
		  	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.	  	

 KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION WILL
REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE. 
 The Corporation will furnish without charge
to each stockholder who so requests the powers, designations, preferences and relative, participating, optional, or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences
and/or rights. Such requests shall be made to the Corporation’s Secretary at the principal office of the Corporation.Exhibit 10.1a

 Exhibit 10.1a 
 Option No.:              
 COLFAX
CORPORATION 
 2008 OMNIBUS INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 Colfax Corporation, a Delaware corporation (the “Company”), hereby
grants an option to purchase shares of its common stock, $.001 par value, (the “Stock”) to the optionee named below. The terms and conditions of the option are set forth in this cover sheet, in the attachment, and in the Company’s
2008 Omnibus Incentive Plan (the “Plan”). 
 Grant Date:             ,
200     (the “IPO Effective Date”) 
 Name of Optionee:
                                         

 Optionee’s Employee Identification Number:
            -            -            

 Number of Shares Covered by Option:
                     
 Option Price per Share:
$            .         (At least 100% of Fair Market Value and equal to the offering price of a share of Stock in the IPO)

 Vesting Start Date:                     ,
         
 Vesting Schedule: One-third (1/3) of the shares covered by the Option on each of the first
three annual anniversaries of the Vesting Start Date, subject to the provisions set forth under “Vesting” on the attached agreement. 
 By signing this cover sheet, you agree to all of the terms and conditions described in the attached Agreement and in the Plan, a copy of which is also attached. You acknowledge that you have carefully reviewed the Plan, and agree that
the Plan will control in the event any provision of this Agreement should appear to be inconsistent. 
  

			
	Optionee:	 	  

		 	(Signature)
	Company:	 	  

		 	(Signature)
	Title:	 	  

 Attachment 
 This is not a stock certificate or a negotiable instrument. 

 COLFAX CORPORATION 
 2008 OMNIBUS INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
  

			
	Non-Qualified Stock Option	  	This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly.
		
	Vesting	  	 This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence,
you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures
set forth in the Plan and below in this Agreement.
  
 Your right to purchase shares of
Stock under this option vests as to one-third (1/3) of the total number of shares covered by this option, as shown on the cover sheet, on each of the first three annual anniversaries of the Vesting Start Date, provided you then continue in Service.
The resulting aggregate number of vested shares will be rounded to the nearest whole number, and you cannot vest in more than the number of shares covered by this option.
  
 No additional shares of Stock will vest after your Service has terminated for any
reason.

		
	Option Forfeiture	  	You will forfeit all rights to your option and the option shall immediately expire if the Initial Public Offering does not close.
		
	Term	  	Your option will expire in any event at the close of business at Company headquarters on the day before the 7th anniversary of the Grant Date, as shown on the cover sheet. Your option will
expire earlier if your Service terminates, as described below.
		
	Regular Termination	  	If your Service terminates for any reason, other than death, Disability or Cause, then your option will expire at the close of business at Company headquarters on the 90th day after your
termination date.
		
	Termination for Cause	  	If your Service is terminated for Cause, then you shall immediately forfeit all rights to your option and the option shall immediately expire.
		
	Death	  	 If your Service terminates because of your death, then your option will immediately become 100% vested and will expire at the close of business at
Company headquarters on the date twelve (12) months after the date of death. During that twelve month period, your estate or heirs may exercise the vested portion of your option.
  
 In addition, if you die during the 90-day period described in connection with a regular termination
(i.e., a termination of your Service not on

  

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		  	account of your death, Disability or Cause), and a vested portion of your option has not yet been exercised, then your option will instead expire on the date twelve (12) months after your
termination date. In such a case, during the period following your death up to the date twelve (12) months after your termination date, your estate or heirs may exercise the vested portion of your option.
		
	 Disability
	  	If your Service terminates because of your Disability, then your option will immediately become 100% vested and will expire at the close of business at Company headquarters on the date twelve
(12) months after your termination date.
		
	 Leaves of Absence
	  	 For purposes of this option, your Service does not terminate when you go on a bona fide employee leave of absence that was approved by the
Company in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, your Service will be treated as terminating 90 days after you went on employee leave,
unless your right to return to active work is guaranteed by law or by a contract. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee work.
  
 The Company determines, in its sole discretion, which leaves count for this purpose, and when your
Service terminates for all purposes under the Plan.

		
	 Notice of Exercise
	  	 When you wish to exercise this option, you must notify the Company by filing the proper “Notice of Exercise” form at the address given on
the form. Your notice must specify how many shares you wish to purchase (in a parcel of at least 100 shares generally). Your notice must also specify how your shares of Stock should be registered (in your name only or in your and your spouse’s
names as joint tenants with right of survivorship). The notice will be effective when it is received by the Company.
  
 If someone else wants to exercise this option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.

		
	 Form of Payment
	  	 When you submit your notice of exercise, you must include payment of the option price for the shares you are purchasing. Payment may be made in one
(or a combination) of the following forms:
  
 •        Cash, your personal check, a cashier’s check, a money order or another cash equivalent acceptable to the Company.
  
 •        Shares
of Stock which have already been owned by you and which are surrendered to the Company. The value of the shares, determined as of the effective date of the option exercise, will be applied to the option price.

  

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		  	 •        By delivery (on a form prescribed by the Company) of an irrevocable direction to a
licensed securities broker acceptable to the Company to sell Stock and to deliver all or part of the sale proceeds to the Company in payment of the aggregate option price and any withholding taxes (if approved in advance by the Committee if you are
either an executive officer or a director of the Company).

		
	 Withholding Taxes
	  	You will not be allowed to exercise this option unless you make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the option exercise or sale of Stock
acquired under this option. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from this grant, the Company shall have the
right to require such payments from you, or withhold such amounts from other payments due to you from the Company or any Affiliate.
		
	 Corporate Transaction
	  	Notwithstanding the vesting schedule set forth above, upon the consummation of a Corporate Transaction, this option will become 100% vested (i) if it is not assumed, or equivalent options are
not substituted for the options, by the Company or its successor, or (ii) if assumed or substituted for, upon your involuntary termination without Cause within the 12-month period following the consummation of the Corporate Transaction.
Notwithstanding any other provision in this Agreement, if you experience such a Corporate Transaction employment termination, the option will expire one year after the date of termination of Service (or, if earlier, the 7th anniversary of the Grant Date).
		
	 Transfer of Option
	  	 During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise the
option. You cannot transfer or assign this option. For instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this
option in your will or it may be transferred upon your death by the laws of descent and distribution.
  
 In connection with any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s interest in your
option purporting to arise under such an agreement.

		
	 Retention Rights
	  	Neither your option nor this Agreement give you the right to be retained by the Company (or any Affiliates) in any capacity. The Company (and any Affiliates) reserve the right to terminate your
Service at any time and for any reason.
		
	 Shareholder Rights
	  	You, or your estate or heirs, have no rights as a shareholder of the Company until a certificate for your option’s shares has been issued (or an appropriate book entry has been made). No
adjustments are made for dividends or other rights if the applicable record date occurs before your stock certificate is issued (or an appropriate book entry has been made),

  

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		  	except as described in the Plan.
		
	 Forfeiture of Rights
	  	If you should take actions in competition with the Company, the Company shall have the right to cause a forfeiture of your rights, including, but not limited to, the right to cause: (i) a
forfeiture of any outstanding option, and (ii) with respect to the period commencing twelve (12) months prior to your termination of Service with the Company and ending twelve (12) months following such termination of Service (A) a forfeiture
of any gain recognized by you upon the exercise of an option or (B) a forfeiture of any Stock acquired by you upon the exercise of an option (but the Company will pay you the option price without interest). Unless otherwise specified in an
employment or other agreement between the Company and you (including the Company’s Code of Ethics), you take actions in competition with the Company if you directly or indirectly, own, manage, operate, join or control, or participate in the
ownership, management, operation or control of, or are a proprietor, director, officer, stockholder, member, partner or an employee or agent of, or a consultant to any business, firm, corporation, partnership or other entity which competes with any
business in which the Company or any of its Affiliates is engaged during your employment or other relationship with the Company or its Affiliates or at the time of your termination of Service. Under the prior sentence, ownership of less than 1% of
the securities of a public company shall not be treated as an action in competition with the Company.
		
	 Adjustments
	  	In the event of a stock split, a stock dividend or a similar change in the Stock, the number of shares covered by this option and the option price per share shall be adjusted (and rounded down
to the nearest whole number) if required pursuant to the Plan. Your option shall be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such corporate activity.
		
	 Applicable Law
	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction.
		
	 The Plan
	  	 The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan, and
have the meaning set forth in the Plan.
  
 Unless otherwise specified in an employment or
other agreement between the Company and you, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any prior agreements, commitments or negotiations concerning this option are superseded.

		
	 Data Privacy
	  	In order to administer the Plan, the Company may process personal data about you. Such data includes but is not limited to the information provided in this Agreement and any changes thereto,
other appropriate personal and financial data about you such as home address and business

  

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		  	 addresses and other contact information, payroll information and any other information that might be deemed appropriate by the Company to
facilitate the administration of the Plan.
  
 By accepting this option, you give explicit
consent to the Company to process any such personal data. You also give explicit consent to the Company to transfer any such personal data outside the country in which you work or are employed, including, with respect to non-U.S. resident Optionees,
to the United States, to transferees who shall include the Company and other persons who are designated by the Company to administer the Plan.

		
	Consent to Electronic Delivery	  	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this option grant you agree that the Company may deliver the Plan
prospectus and the Company’s annual report to you in an electronic format. If at any time you would prefer to receive paper copies of these documents, as you are entitled to, the Company would be pleased to provide copies. Please contact
[            ] at [            ] to request paper copies of these documents.

 By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above
and in the Plan. 
  

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