Document:

EX-10.3

 Exhibit 10.3 
 PROPOSAL 6 APPROVAL OF THE ENGILITY HOLDINGS, INC. AMENDED AND RESTATED 2012 LONG TERM PERFORMANCE PLAN 
 Prior to the Spin-Off, on July 6, 2012, our Board adopted the Engility Holdings, Inc. 2012 Long Term Performance Plan (the “LTPP”) and, on July 16, 2012, L-3 Corporation, as our
sole stockholder, approved the LTPP. In April 2013, our Board approved an amendment and restatement of the LTPP (the “Amended and Restated LTPP”), which approval is subject to stockholders approving this Proposal 6. The primary
purpose of the amendments to the LTPP is to (i) amend the plan to include all future equity issuances to non-employee directors under the LTPP instead of through the Engility Holdings, Inc. 2012 Directors Stock Incentive Plan (the
“DSIP”), a separate equity plan currently used solely for non-employee directors, (ii) increase the number of shares of Common Stock authorized for issuance under the LTPP by 1,471,094 shares, (iii) include limits on the
amount of annual equity grants to non-employee directors, (iv) modify the way that shares issued under “full value” awards granted under the LTPP are counted for purposes of calculating the number of authorized shares under the plan
that have been issued and (v) to expand the scope of the performance measures that may be utilized for awards granted under the plan. In addition, the approval of the Amended and Restated LTPP is intended to allow the Compensation Committee to
make awards that may satisfy the requirements of Section 162(m) of the Code with respect to certain performance-based awards that may be granted under the LTPP. 
 If the Amended and Restated LTPP is approved by stockholders at the Annual Meeting, it will become immediately effective as of the date of the Annual Meeting and the Company will cease issuing new awards
under the DSIP. If stockholders do not approve the Amended and Restated LTPP, the LTPP and DSIP will each continue in effect in their existing forms, except that we will be limited in our ability to claim a tax deduction for certain compensation
expenses associated with performance-based awards. While there can be no assurance that we will be able to claim a tax deduction in respect of awards under the Amended and Restated LTPP, the Board believes it is in our best interest to be in a
position to do so and therefore, recommends that the stockholders vote to approve the Amended and Restated LTPP. 
 As of March 26, 2013, a
total of 2,800,000 and 200,000 shares were authorized for issuance under the LTPP and the DSIP, respectively, of which 1,098,906 and 174,548 shares remained available for issuance under future awards. If stockholders approve the Amended and Restated
LTPP, no new awards would be issuable under the DSIP, and the total number of shares authorized for grant under the Amended and Restated LTPP would be 2,570,000, minus awards granted after March 26, 2013 under either the LTPP or the DSIP. We
expect that if the Amended and Restated LTPP is approved by our stockholders, the additional shares would be sufficient to allow us to make equity awards in the amounts we believe are necessary to attract, motivate, retain and reward talented and
experienced individuals for the next three to four years. 
 The LTPP is currently silent with respect to the effect that shares issued under
“full value” awards (i.e., all awards other than stock options or stock appreciation rights (“SARs”)) will have on the aggregate shares reserved for issuance under the LTPP. If stockholders approve the Amended and Restated
LTPP, shares issued under full value awards, or awards under the DSIP, granted after March 26, 2013 would count as 1.68 shares against the remaining share reserve. Shares issued under awards of stock options or SARs after March 26, 2013
will continue to count as 1.00 share against the remaining share reserve. Accordingly, if stockholders approve the Amended and Restated LTPP, of the 2,570,000 shares that would be available for grant under future awards, a maximum of 1,529,761
shares would be available for grant under full value awards. 
 As of March 26, 2013, our non-employee directors hold an aggregate of
25,452 restricted stock units. The Company will not grant any other equity awards under the DSIP prior to the Annual Meeting, and, as stated above, will cease issuing new awards under the DSIP in the event the Amended and Restated LTPP is approved
by stockholders at the Annual Meeting. 
 As of March 26, 2013, a total of 1,301,601 shares were or may be issuable in respect of
outstanding awards under the LTPP and the DSIP. Of these shares, a total of 172,562 shares were or may be issuable in respect of stock options with a weighted average exercise price of $17.72 and a weighted average remaining contractual term of 5.1
years. The remaining 1,129,039 shares were or may be issuable in respect of restricted stock units and performance shares based on the assumption that the maximum levels of performance applicable to the performance shares will be achieved.

 DESCRIPTION OF THE AMENDED AND RESTATED LTPP 
 The following is a description of the purpose and the material provisions of the Amended and Restated LTPP. The following description of the Amended and Restated LTPP is not complete and is qualified in
its entirety by reference to the full text of the Amended and Restated LTPP, which is attached as Appendix B to this proxy statement. 

PURPOSE 
 The purpose of
the Amended and Restated LTPP is to benefit our stockholders by encouraging high levels of performance by individuals who contribute to our success, and that of our subsidiaries, and to enable us and our subsidiaries to attract, motivate, retain and
reward talented and experienced individuals. This purpose is to be accomplished by providing eligible individuals with an opportunity to obtain or increase a proprietary interest in us and/or by providing eligible individuals with additional
incentives to join or remain with us and our subsidiaries. 
 PLAN HIGHLIGHTS 

The Amended and Restated LTPP authorizes the grant of equity-based and cash-based compensation to our employees, directors and other service providers in
the form of stock options, SARs, restricted shares, restricted share units and other share-based awards. Some of the key features of the Amended and Restated LTPP and our related compensation policies are highlighted below. 

 

	 	•	 	 The Amended and Restated LTPP is designed to allow awards made under the plan to qualify as “performance-based compensation” under
Section 162(m) of the Code. 

  

	 	•	 	 Restricted shares granted to employees generally are subject to a minimum three-year vesting requirement (or one-year in the case of awards subject to
performance-based vesting conditions). 

  

	 	•	 	 Dividends or dividend equivalents paid with respect to awards that vest based on the achievement of performance goals shall be accumulated until such
award is earned, and the dividends or dividend equivalents shall not be paid if the performance goals are not satisfied. 

  

	 	•	 	 The Amended and Restated LTPP prohibits the use of “discounted” stock options or SARs. 

 

	 	•	 	 The Amended and Restated LTPP generally prohibits the re-pricing of stock options and SARs without stockholder approval, except in connection with
certain enumerated corporate events. 

  

	 	•	 	 The Amended and Restated LTPP limits the amount of awards that may be granted to our non-employee directors annually. 

 

	 	•	 	 Performance-based awards granted under the Amended and Restated LTPP may also be subject to forfeiture or repayment pursuant to the terms of our
Executive Compensation Recovery Policy described on page 36 of this proxy statement. 

 ELIGIBILITY;
PLAN BENEFITS 
 Awards under the Amended and Restated LTPP may be granted to any employee, including any
officer, or director of the Company or any of its subsidiaries or to any other individual who provides services to or on behalf of the Company or any of its subsidiaries, subject to the discretion of the Compensation Committee to determine the
particular employees and other individuals who, from time to time, will be selected to receive awards. Except as described above, the amount of each participant’s future awards under the Amended and Restated LTPP will be determined based on the
discretion of the Compensation Committee and therefore is not determinable at this time. For a discussion of plan benefits, see “New Plan Benefits” below. 

 TYPES OF AWARDS 

Awards under the Amended and Restated LTPP may be in the form of non-qualified stock options, incentive stock options, SARs, restricted stock and other
share-based awards, such as performance-based awards. Awards may be granted singly or in combination with other awards, consistent with the terms of the Amended and Restated LTPP. Each award will be evidenced by an award agreement entered into
between the Company and the recipient setting forth the specific terms and conditions applicable to that award. Unless otherwise designated by the Compensation Committee, awards under the Amended and Restated LTPP generally will be nontransferable
by a holder (other than by will or the laws of descent and distribution) and rights thereunder generally will be exercisable during the holder’s lifetime only by the holder. Transfers for value are prohibited. An award exercisable after the
death of a participant may be exercised by the legatees, personal representatives or distributees of the participant. The maximum term of unvested or unexercised awards under the Amended and Restated LTPP is ten years from the initial grant date.
However, the Compensation Committee may provide, at or after the grant, that the time period over which a stock option awarded pursuant to the Amended and Restated LTPP (other than an incentive stock option or a SAR) may be exercise will be
automatically extended if, on the scheduled expiration of such award, the participant’s exercise of such award would violate applicable securities laws. 
 Stock options authorized under the Amended and Restated LTPP are rights to purchase a specified number of shares of the Common Stock at an exercise price of not less than the fair market value of the
Common Stock on the grant date during the period set forth in the individual participant’s award agreement. Ordinary dividends and dividend equivalents may not be paid on unissued shares underlying option awards. Stock options that are granted
as incentive stock options will be granted with such additional terms as are necessary to satisfy the applicable requirements of Section 422 of the Code. The fair market value of the Common Stock for which incentive stock options are
exercisable for the first time by an optionee during any calendar year cannot exceed $100,000 (measured as of the grant date) under current tax laws. Other awards are not limited in this manner. 

SARs may be granted either on a freestanding basis or in ‘‘tandem’’ with a stock option, such that the exercise of either the option
or the SAR cancels the recipient’s rights under the tandem award with respect to the number of shares so exercised. SARs entitle the recipient to receive, upon exercise of the SAR, an amount (payable in cash and/or Common Stock or other
property) equal to the amount of the excess, if any, of the fair market value of a share of the Common Stock on the date the SAR is exercised (or some lesser ceiling amount) over the base price of the SAR, which cannot be less than the fair market
value of a share of the Common Stock on the date the SAR was awarded. Ordinary dividends and dividend equivalents may not be paid on unissued shares underlying SARs. 
 Restricted stock is Common Stock issued to the recipient, typically for minimal lawful consideration and subject to certain risks of forfeiture and restrictions and limitations on transfer, the vesting of
which may depend on individual or corporate performance, continued service or other criteria. 
 Other incentive awards might include minimum
ownership stock, phantom stock or units, performance stock or units, bonus stock or units, dividend equivalent units, similar securities or rights and other awards payable in or with a value derived from or a price related to the fair market value
of the Common Stock, payable in Common Stock and/or cash, all on such terms as the Compensation Committee may approve. Such awards may be granted, become vested or become payable based upon the continued employment of a participant, or upon the
attainment of specified corporate or individual performance goals (as in the case of performance stock or units). Dividends or dividend equivalents paid with respect to awards that vest based on the achievement of performance goals shall be
accumulated until such award is earned, and the dividends or dividend equivalents shall not be paid if the performance goals are not satisfied. 

Under Section 162(m) of the Code, the Company may not deduct certain compensation over $1,000,000 in any year to the Chief Executive Officer or any
of the three other most highly compensated executive officers of the Company, other than the Chief Financial Officer, unless, among other things, this compensation is “qualified performance-based compensation” under Section 162(m) of
the Code, and the material terms of the plan for such compensation are approved by stockholders. With reference to awards intended to be qualified performance-based compensation under Section 162(m) of the Code, the material terms of the
Amended and Restated LTPP include the performance goal or goals and the maximum annual amount payable thereunder to any individual participant. The eligible class of persons for performance-based awards under the Amended and Restated LTPP is all
employees of the Company 

 
and its subsidiaries. Awards that are intended to be qualified performance-based compensation under the Amended and Restated LTPP (other than stock options and SARs) may be granted only in
accordance with the performance-based requirements of Section 162(m) of the Code, as set forth below. 
 The performance goals for
performance-based awards under the Amended and Restated LTPP are any one or a combination of (i) consolidated income before or after taxes (including income before interest, taxes, depreciation and amortization); (ii) EBT, EBIT or EBITDA;
(iii) operating income or operating margin; (iv) net income; (v) net income or earnings per share; (vi) book value per share; (vii) return on equity; (viii) expense management (including without limitation, total
general and administrative expense percentages); (ix) return on investment or on invested capital; (x) improvements in capital structure; (xi) profitability of an identifiable business unit or product; (xii) maintenance or
improvement of profit margins; (xiii) stock price; (xiv) market share; (xv) revenue or sales (including, without limitation, net loans charged off, average finance receivables and DSO); (xvi) costs (including, without limitation,
total general and administrative expense percentage); (xvii) cash flow or net funds provided; (xviii) working capital; (xix) total debt (including, without limitation, total debt as a multiple of EBIT or EBITDA), (xx) orders and
(xxi) total stockholder return. The foregoing criteria may relate to us, one or more of our subsidiaries or one or more of our divisions or units, or any combination of the foregoing, may be applied on an absolute basis and/or be relative to
one or more of our peer group companies or indices, or any combination thereof, and may be determined in accordance with GAAP or a non-GAAP or adjusted GAAP basis, all as the Compensation Committee will determine in its sole discretion. Specific
performance periods (which may overlap with performance periods under outstanding performance-based awards), weightings of more than one performance goal and target levels of performance upon which actual payments will be based, as well as the award
levels payable upon achievement of specified levels of performance, will be determined by the Compensation Committee no later than the last day of the first quarter of a given performance period (or such other date as may be required or permitted
under Section 162(m) of the Code) and in any event at a time when achievement of such targets is substantially uncertain. These variables may change from award to award. The Compensation Committee may establish different performance objectives
for each performance period, and may provide for multiple, overlapping performance periods. The Compensation Committee may provide, at the time when performance objectives are established with respect to a performance period (or at such later date
as may be permitted under Section 162(m) of the Code), for the adjustment of such performance objectives as it deems equitable, based on objective criteria, in recognition of unusual or non-recurring events affecting the Company, changes in
applicable tax laws or accounting principles, or such other factors as the Compensation Committee may determine to be appropriate, including, without limitation, the gain or loss on disposal of a business segment. To the extent set forth by the
Compensation Committee in an individual participant’s award agreement or otherwise, in the event of (i) a change in corporate capitalization, a corporate transaction or a complete or partial corporate liquidation, (ii) any
extraordinary gain or loss or other event that is treated for accounting purposes as an extraordinary item under generally accepted accounting principles, (iii) any material change in accounting policies or practices affecting the Company
and/or the performance goals or targets, or (iv) any other unusual or nonrecurring event, the Compensation Committee shall make adjustments to the performance goals and/or targets, applied as of the date of the event, and based solely on
objective criteria, so as to neutralize, in the Compensation Committee’s judgment, the effect of the event on the applicable performance based award. 
 The Compensation Committee must certify the achievement of the applicable performance goals and the actual amount payable to each participant under the performance-based awards prior to payment. The
Compensation Committee may retain discretion to reduce, but not increase, the amount payable under a performance-based award to any participant, notwithstanding the achievement of targeted performance goals. Awards may be accelerated or otherwise
adjusted in the event of the employee’s qualifying retirement, death or disability or in the event of a Change in Control of the Company, as described below. 
 The Compensation Committee also has the authority to grant awards under the Amended and Restated LTPP in substitution for or as the result of the assumption of stock incentive awards held by employees of
other entities who become employees of the Company or a subsidiary as a result of a merger or acquisition of the entity. Such substitute awards will not be counted against the aggregate shares reserved for issuance under the Amended and Restated
LTPP, nor shall such awards added back to the pool of shares reserved for issuance under the Amended and Restated LTPP. Additionally, in the event that a company acquired by the Company or any of its subsidiaries has shares available for issuance
under a pre-existing plan approved by that company’s stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such
pre-

 
existing plans (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the
consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for awards under the Amended and Restated LTPP and shall not reduce the shares authorized for grant under the Amended and
Restated LTPP; provided that awards using such available share shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to
individuals who were not employees or directors of the Company prior to such acquisition or combination. 
 Awards may be granted in connection
with the surrender or cancellation of previously granted awards, or may be amended, under such terms and conditions, including numbers of shares and exercise price, exercisability or termination, that are the same as or different from the existing
awards, all as the Compensation Committee may approve, except that no such grant or amendment may effect a repricing of the original award. 

ADMINISTRATION; CHANGE IN CONTROL 

The Amended and Restated LTPP provides that it shall be generally administered by the Compensation Committee (or subcommittee thereof) or another
committee of our Board, constituted so as to permit awards under the Amended and Restated LTPP to comply with the ‘‘non-employee director’’ provisions of Rule 16b-3 under the Exchange Act and the ‘‘outside
director’’ requirements of Section 162(m) of the Code. The Compensation Committee has the authority within the terms and limitations of the Amended and Restated LTPP to designate recipients of awards, determine or modify (so long as
it does not effect a repricing of the original award, except in connection with adjustments for certain extraordinary transactions, as described below, or with the prior approval of the Company’s stockholders) the form, amount, terms,
conditions, restrictions, and limitations of awards, including vesting provisions (subject to applicable limitations described below with respect to restricted stock), terms of exercise of an award, expiration dates and the treatment of an award in
the event of the retirement, disability, death or other termination of a participant’s employment with the Company, and to construe and interpret the Amended and Restated LTPP. Such authority includes (subject to the limitations of the Amended
and Restated LTPP) the discretion to accelerate vesting, extend the term or waive termination provisions or other restrictive conditions of outstanding awards. 
 The Compensation Committee is authorized to include specific provisions in award agreements relating to the treatment of awards in the event of a ‘‘Change in Control’’ of the Company
and is authorized to take certain other actions in such an event. Change in Control under the Amended and Restated LTPP is defined generally to include: (i) a change in ownership involving a majority of the outstanding voting securities of the
Company, (ii) a sale of all or substantially all of the assets of the Company or any successor thereto, (iii) the consummation of a merger, combination, consolidation, recapitalization, or other reorganization of the Company with one or
more other entities that are not subsidiaries, if as a result of such transaction, less than 50 percent of the outstanding voting securities of the surviving or resulting corporation are beneficially owned by the stockholders of the Company
immediately prior to such event; (iv) certain changes, during any period of 24 months or less, of 50 percent or more of the members of our Board, or (v) in the Compensation Committee’s sole discretion on a case-by-case basis with
respect to outstanding awards to affected employees, the sale of a subsidiary, division or business unit. 
 The Compensation Committee may
delegate to the officers or employees of the Company the authority to make grants under the Amended and Restated LTPP and to otherwise execute and deliver such instruments and documents and to take actions necessary, advisable or convenient for the
effective administration of the Amended and Restated LTPP. It is intended generally that the awards under the Amended and Restated LTPP and the Amended and Restated LTPP itself comply with and be interpreted in a manner that, in the case of
participants who are subject to Section 16 of the Exchange Act and for whom (or whose awards) the benefits of Rule 16b-3 are intended, satisfies the applicable requirements of Rule 16b-3 so that such persons will be entitled to the benefits of
Rule 16b-3 or other exemptive rules under that Section. Similarly and as described further below, it is intended generally that the awards under the Amended and Restated LTPP will not be granted, deferred, accelerated, extended, modified or paid in
a manner that would result in the participant incurring any tax liability under Section 409A of the Code. The Amended and Restated LTPP provides that neither the Company nor any member of our Board or of the Compensation Committee shall have
any liability to any person for any action taken or not taken in good faith under the Amended and Restated LTPP. 

 AMENDMENT AND TERMINATION 

Our Board has the authority to amend, suspend or discontinue the Amended and Restated LTPP at any time, subject to any stockholder approval that may be
required under applicable law and provided that no such action will affect any outstanding award in any manner adverse to the participant without the consent of the participant. Notwithstanding the foregoing, any amendment that would
(i) materially increase the aggregate number of shares of Common Stock or other equity interests that may be issued under the Amended and Restated LTPP, (ii) materially modify the requirements as to eligibility for participation in the
Amended and Restated LTPP, (iii) effect a repricing, or (iv) otherwise require stockholder approval under the listing standards of the NYSE or other law or regulation, shall be subject to stockholder approval. In addition, stockholder
approval may be required to satisfy tax rules applicable to performance-based compensation under Section 162(m) of the Code or to subsequent grants of incentive stock options, or to satisfy other applicable legal requirements. Because the
Compensation Committee retains the discretion to set and change the specific targets for each performance period under a performance-based award intended to be exempt from Section 162(m) of the Code, stockholder ratification of the performance
goals will be required, in any event, at five-year intervals in the future to exempt awards granted under the Amended and Restated LTPP from the limitations on deductibility thereunder. 
 AUTHORIZED SHARES; OTHER PROVISIONS; NON-EXCLUSIVITY 

If the Amended and Restated LTPP is approved by the Company’s stockholders, the maximum number of shares of the Common Stock that may be granted in
respect of awards under the Amended and Restated LTPP may not exceed 2,570,000 shares, minus any shares of stock subject to awards granted after March 26, 2013 under the Amended and Restated LTPP or the DSIP. For purposes of this share limit,
each share of Common Stock that may be granted pursuant to “full value” awards (i.e., all awards other than stock options or SARs, which will be counted as 1.00 share), or awards under the DSIP, will be counted as 1.68 shares. In addition,
(i) the maximum number of shares of Common Stock that may be issued pursuant to incentive stock option awards (i.e., stock options granted in accordance with Section 422 of the Code) is 2,570,000, (ii) the maximum number of shares of
Common Stock that may be issuable (or payable in cash by reference to such shares) under stock options or SARs granted during a calendar year to any employee shall be 700,000 and (iii) the maximum number of shares of Common Stock or share units
that may be issued (or payable in cash by reference to such shares) under other performance-based awards during a calendar year to any employee shall be 700,000. For non-employee directors, the maximum number of shares of Common Stock that may be
issuable (or payable in cash by reference to such shares) subject to awards granted during a calendar year, excluding any cash fees deferred in the form of restricted stock or other share-based awards, shall not exceed $400,000 in total value (which
shall be calculated for awards granted under the Amended and Restated LTPP based on the grant date fair value of such awards for financial reporting purposes). 
 The number and kind of shares available for grant and the shares subject to outstanding awards (as well as individual share limits on awards and exercise prices of awards) shall be adjusted to reflect the
effect of a stock dividend, stock split, recapitalization, merger, consolidation, reorganization, combination or exchange of shares, extraordinary dividend or other distribution or other similar transaction. After March 26, 2013, any
unexercised or undistributed portion of any expired, cancelled, terminated or forfeited award, or award under the DSIP, will again be available for award under the Amended and Restated LTPP, whether or not the participant has received benefits of
ownership (such as dividends or dividend equivalents or voting rights) during the period in which the participant’s ownership was restricted or otherwise not vested. However, after March 26, 2013 the following shares of Common Stock shall
not become available for regrant under the Amended and Restated LTPP: (i) shares tendered by participants or withheld by the Company as full or partial payment to the Company upon exercise of stock options or other awards granted under the
Amended and Restated LTPP, or options or other awards under the DSIP; (ii) shares reserved for issuance upon the grant of SARs, to the extent the number of reserved shares exceeds the number of shares actually issued upon exercise of the SARs
under the Amended and Restated LTPP, or SARs under the DSIP; (iii) shares withheld by, or otherwise remitted to, the Company to satisfy a participant’s tax withholding obligations upon the exercise of stock options or SARs under the
Amended and Restated LTPP, or SARs under the DSIP; and (iv) shares reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of options under the Amended and Restated LTPP or options granted under the DSIP.
Any shares that again become available for grant pursuant to the foregoing sentence after March 26, 2013 will be added back as: (i) 1.00 share for every share of Common Stock subject to options or SARs; and (ii) 1.68 shares for every
share of Common Stock subject to “full value” awards granted under the Amended and Restated LTPP or under the DSIP. With respect to the individual share limits on performance-based awards, awards that are cancelled will be counted against
the applicable limits to the extent required by Section 162(m) of the Code. 

 UPON APPROVAL OF THE AMENDED AND RESTATED LTPP BY THE COMPANY’S STOCKHOLDERS, THE COMPANY INTENDS TO
REGISTER UNDER THE SECURITIES ACT THE ADDITIONAL 1,471,094 SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE AMENDED AND RESTATED LTPP. 
 Full payment for shares purchased on exercise of any option or received under any other award, along with payment of any required tax withholding, must be made in cash prior to the delivery of the
underlying shares or, if permitted by the Compensation Committee, in shares of Common Stock delivered by the participant or withheld from an award, or any combination thereof, or pursuant to such “cashless exercise” procedures as may be
permitted by the Compensation Committee. 
 Except as specifically provided under an individual participant’s award agreement approved by
the Compensation Committee, the minimum vesting period for awards of restricted stock is three years from the grant date (or one year in the case of restricted stock awards that are performance-based awards) and may not be accelerated to an earlier
date except in the event of the participant’s death, permanent disability or in the event of a Change in Control; provided, however, that the foregoing shall not apply to awards to non-employee directors (in their capacity as such). The Amended
and Restated LTPP does not impose any minimum vesting periods on other types of awards, and the Compensation Committee may establish the vesting requirements (if any) for such awards in its sole discretion. 

The Amended and Restated LTPP will be governed by Delaware law. 
 The Amended and Restated LTPP is not exclusive and does not limit the authority of the Company, our Board or the Compensation Committee to grant awards or authorize any other compensation, with or without
reference to the Common Stock, under any other plan or authority. 
 FEDERAL INCOME TAX
CONSEQUENCES 
 The following is a general description of federal income tax consequences to participants and the Company
relating to non-qualified and incentive stock options and certain other awards that may be granted under the Amended and Restated LTPP. This discussion does not purport to cover all tax consequences relating to stock options and other awards.

 An optionee will not recognize income upon the grant of a non-qualified stock option to purchase shares of Common Stock. Upon exercise of the
option, the optionee will recognize ordinary compensation income equal to the excess of the fair market value of the Common Stock on the date the option is exercised over the option price for such Common Stock. The tax basis of the Common Stock
acquired by exercising an option in the hands of the optionee will equal the option price for the Common Stock plus the amount of ordinary compensation income the optionee recognizes upon exercise of the option, and the holding period for the Common
Stock will commence on the day the option is exercised. An optionee who sells Common Stock acquired by exercising an option will recognize capital gain or loss measured by the difference between the tax basis of the Common Stock and the amount
realized on the sale. Such gain or loss will be long-term if the Common Stock is held for more than 12 months after exercise, and short-term if held for 12 months or less after exercise. The Company or a subsidiary will be entitled to a deduction
equal to the amount of ordinary compensation income recognized by the optionee. The deduction will be allowed at the same time the optionee recognizes the income. 
 An optionee will not recognize income upon the grant of an incentive stock option to purchase shares of Common Stock, and will not recognize income upon exercise of the option, provided such optionee was
an employee of the Company or a subsidiary at all times from the grant date until three months prior to exercise (or one year prior to exercise in the event of disability). Generally, the amount by which the fair market value of the Common Stock on
the date of exercise exceeds the option price will be includable in alternative minimum taxable income for purposes of determining alternative minimum tax and such amount will be added to the tax basis of such Common Stock for

 
purposes of determining alternative minimum taxable income in the year the Common Stock is sold. Where an optionee who has exercised an incentive stock option sells the shares acquired upon
exercise more than two years after the grant date and more than one year after exercise, long-term capital gain or loss will be recognized equal to the difference between the sales price and the option price. An optionee who sells such shares within
two years after the grant date or within one year after exercise will recognize ordinary compensation income in an amount equal to the lesser of (i) the difference between the fair market value of the shares on the date of exercise and the
amount paid for the shares, or (ii) the excess of the amount realized on the sale over the adjusted basis in the shares. Any remaining gain or loss will be treated as a capital gain or loss. The Company or a subsidiary will be entitled to a
deduction equal to the amount of ordinary compensation income recognized by the optionee in this case. The deduction will be allowable at the same time the optionee recognizes the income. 
 The current federal income tax consequences of other awards authorized under the Amended and Restated LTPP generally follow certain basic patterns: SARs are taxed to the individuals and deductible by the
Company in substantially the same manner as non-qualified stock options; and nontransferable restricted stock subject to a substantial risk of forfeiture results in income recognition equal to the excess of the fair market value of the Common Stock
over the purchase price (if any) at the time the restrictions lapse (unless the recipient elects to accelerate recognition as of the grant date); in each of the foregoing cases, the Company will generally have (at the time the participant recognizes
income) a corresponding deduction. 
 If, as a result of a Change in Control event, a participant’s stock options or SARs or other rights
become immediately exercisable, or restrictions immediately lapse on an award, or cash, shares or other benefits covered by another type of award are immediately vested or issued, the additional economic value, if any, attributable to the
acceleration or issuance may be deemed a “parachute payment” under Section 280G of the Code. In such case, the participant may be subject to a 20% non-deductible excise tax as to all or a portion of such economic value, in addition to
any income tax payable. The Company will not be entitled to a deduction for that portion of any parachute payment that is subject to the excise tax. 
 Notwithstanding any of the foregoing discussions with respect to the deductibility of compensation under the Amended and Restated LTPP, Section 162(m) of the Code would render non-deductible to the
Company certain compensation in excess of $1,000,000 in any year to our NEOs (other than our Chief Financial Officer), unless such excess compensation is “performance-based” (as defined in Section 162(m) of the Code) or is otherwise
exempt from Section 162(m) of the Code. The applicable conditions of an exemption for a performance-based compensation plan include, among others, a requirement that the stockholders approve the material terms of the plan. Stock options, SARs
and certain (but not all) other types of awards may be granted to qualify for the exemption for performance-based compensation under Section 162(m) of the Code. 
 Section 409A of the Internal Revenue Code generally establishes rules that must be followed with respect to covered deferred compensation arrangements in order to avoid the imposition of an
additional 20% tax (plus interest) on the service provider who is entitled to receive the deferred compensation. Certain awards that may be granted under the Amended and Restated LTPP may constitute “deferred compensation” within the
meaning of and subject to Section 409A. The Amended and Restated LTPP and award agreements entered into under the Amended and Restated LTPP are intended to be interpreted and operated in accordance with Section 409A, including any
regulations or guidance issued by the Treasury Department, and contains a number of provisions intended to avoid the imposition of additional tax on the Amended and Restated LTPP participants under Section 409A (though each participant is
solely responsible and liable for the satisfaction of all taxes and penalties in respect of any payments or benefits delivered in connection with the Amended and Restated LTPP, including taxes and penalties under Section 409A). Our Board may
amend the Amended and Restated LTPP, and the Compensation Committee may amend outstanding awards thereunder, while preserving the intended benefits of awards granted under the Amended and Restated LTPP to avoid the imposition of an additional tax
under Section 409A. In addition, it is intended under the Amended and Restated LTPP that no award be granted, deferred, accelerated, extended, paid out or modified under the Amended and Restated LTPP, and no award agreement be interpreted, in a
manner that would result in the imposition of an additional tax under Section 409A on a participant. If it is reasonably determined that a payment with respect to an award would result in tax liability to a participant under 409A, the Company
will not make the payment when otherwise required and instead will make the payment on the first day that payment would not result in the tax liability.EX-10.4

 Exhibit 10.4 
 ENGILITY HOLDINGS, INC. 
 AMENDED AND RESTATED 

2012 LONG TERM PERFORMANCE PLAN 
 TABLE OF CONTENTS 
  

							
	 	  	 	  	PAGE	 
			
	 SECTION 1.
	  	Purpose.	  	 	1	  
			
	 SECTION 2.
	  	Definitions; Rules of Construction.	  	 	1	  
			
	 SECTION 3.
	  	Eligibility.	  	 	4	  
			
	 SECTION 4.
	  	Awards.	  	 	4	  
			
	 SECTION 5.
	  	Shares of Stock and Share Units Available Under Plan.	  	 	7	  
			
	 SECTION 6.
	  	Award Agreements.	  	 	9	  
			
	 SECTION 7.
	  	Adjustments; Change in Control; Acquisitions.	  	 	11	  
			
	 SECTION 8.
	  	Administration.	  	 	14	  
			
	 SECTION 9.
	  	Amendment and Termination of this Plan.	  	 	16	  
			
	 SECTION 10.
	  	Miscellaneous.	  	 	16	  

 ENGILITY HOLDINGS, INC. 

AMENDED AND RESTATED 
 2012 LONG TERM PERFORMANCE PLAN 
 SECTION 1. Purpose. 

The purpose of this Plan is to benefit the Corporation’s stockholders by encouraging high levels of performance by individuals who
contribute to the success of the Corporation and its Subsidiaries and to enable the Corporation and its Subsidiaries to attract, motivate, retain and reward talented and experienced individuals. This purpose is to be accomplished by providing
eligible individuals with an opportunity to obtain or increase a proprietary interest in the Corporation and/or by providing eligible individuals with additional incentives to join or remain with the Corporation and its Subsidiaries. 

SECTION 2. Definitions; Rules of Construction. 
 (a) Defined Terms. The terms defined in this Section shall have the following meanings for purposes of this Plan: 
 “Award” means an award granted pursuant to Section 4. 
 “Award Agreement” means an agreement described in Section 6 by the Corporation for the benefit of a Participant, setting forth (or incorporating by reference) the terms and conditions of an
Award granted to a Participant. 
 “Beneficiary” means a person or persons (including a trust or
trusts) validly designated by a Participant or, in the absence of a valid designation, entitled by will or the laws of descent and distribution, to receive the benefits specified in the Award Agreement and under this Plan in the event of a
Participant’s death. 
 “Board of Directors” or “Board” means the Board of Directors of
the Corporation. 
 “Change in Control” means change in control as defined in Section 7(c).

 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Committee” means the Committee described in Section 8(a), or the Board if the Board takes an action in
place of such Committee. 
 “Corporation” means Engility Holdings, Inc. 

“Director” means a member of the Board of Directors of the Corporation. 

“Employee” means any person, including an officer (whether or not also a director) in the regular full-time
employment of the Corporation or any of its Subsidiaries who, in the opinion of the Committee is, or is expected to be, primarily responsible for the management, growth or protection of some part or all of the business of the

 
Corporation or any of its Subsidiaries, but excludes, in the case of an Incentive Stock Option, an Employee of any Subsidiary that is not a “subsidiary corporation” of the Corporation
as defined in Code Section 424(f). 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time. 
 “Executive Officer” means executive officer as defined in Rule 3b-7 under
the Exchange Act. If the Board has designated the executive officers of the Corporation for purposes of reporting under the Exchange Act, the designation shall be conclusive for purposes of this Plan. 

“Fair Market Value” means the closing price of the relevant security as reported on the composite tape of New
York Stock Exchange issues (or if, at the date of determination, the security is not so listed or if the principal market on which it is traded is not the New York Stock Exchange, such other reporting system as shall be selected by the Committee) on
the relevant date, or, if no sale of the security is reported for that date, the next preceding day for which there is a reported sale. The Committee shall determine the Fair Market Value of any security that is not publicly traded, using criteria
as it shall determine, in its sole direction, to be appropriate for the valuation. 
 “First Quarter”
shall mean the period of calendar days during a given Performance Period that is equal to the lesser of (i) 25% of the full number of calendar days falling within such Performance Period or (ii) 90 days. 

“Insider” means any person who is subject to Section 16(b) of the Exchange Act. 

“Minimum Ownership Stock” means any Award of shares of Stock of the Corporation that are issued, in accordance
with Section 4(a)(5), in lieu of cash compensation in order to satisfy applicable stock ownership guidelines from time to time in effect. 
 “Non-Employee Director” means a Director who is not an Employee. 
 “Option” means a Nonqualified Stock Option or an Incentive Stock Option as described in Section 4(a)(1) or (2). 

“Participant” means a person who is granted an Award, pursuant to this Plan, that remains outstanding.

 “Performance-Based Awards” is defined in Section 4(b). 

“Performance Goals” means one or more of the following criteria or any combination thereof, as determined by the
Committee: (i) consolidated income before or after taxes (including income before interest, taxes, depreciation and amortization); (ii) EBT, EBIT or EBITDA; (iii) operating income or operating margin; (iv) net income;
(v) net income or earnings per share of Stock; (vi) book value per share of Stock; (vii) return on equity; (viii) expense management (including without limitation, total general and

  
 2 

 
administrative expense percentages); (ix) return on investment or on invested capital; (x) improvements in capital structure; (xi) profitability of an identifiable business unit or
product; (xii) maintenance or improvement of profit margins; (xiii) stock price; (xiv) market share; (xv) revenue or sales (including, without limitation, net loans charged off, average finance receivables and days sales
outstanding); (xvi) costs (including, without limitation, total general and administrative expense percentage); (xvii) cash flow or net funds provided; (xviii) working capital; (xix) total debt (including, without limitation,
total debt as a multiple of EBIT or EBITDA), (xx) orders and (xxi) total stockholder return. The foregoing criteria may relate to the Corporation, one or more of its Subsidiaries, one or more of their respective divisions or business
units, or any combination of the foregoing, and may be applied on an absolute basis and/or be relative to one or more peer group companies or indices, or any combination thereof, and may be determined in accordance with GAAP or a non-GAAP or
adjusted GAAP basis, all as the Committee shall determine. 
 “Performance Period” means, with respect
to any Performance Goal, the time period established by the Committee for the achievement of the performance targets in respect thereof. 
 “Prior Directors Plan” means the Corporation’s 2012 Directors Stock Incentive Plan. 
 “Restatement Effective Date” is defined in Section 10(c). 
 “Rule 16b-3” means Rule 16b-3 under Section 16 of the Exchange Act, as amended from time to time. 
 “Share Units” means the number of units under an Award (or portion thereof) that is payable solely in cash or is actually paid in cash, determined by reference to the number of shares of Stock
by which the Award (or portion thereof) is measured. 
 “Stock” means shares of Common Stock of the
Corporation, par value $0.01 per share, subject to adjustments made under Section 7 or by operation of law. 

“Subsidiary” means, as to any person, any corporation, association, partnership, joint venture or other business
entity of which 50% or more of the voting stock or other equity interests (in the case of entities other than corporations), is owned or controlled (directly or indirectly) by that entity, or by one or more of the Subsidiaries of that entity, or by
a combination thereof. 
 (b) Rules of Construction. For purposes of this Plan and the Award Agreements, unless otherwise
expressly provided or the context otherwise requires, the terms defined in this Plan include the plural and the singular, and pronouns of either gender or neuter shall include, as appropriate, the other pronoun forms. 

  
 3 

 SECTION 3. Eligibility. 
 Any one or more Awards may be granted to any Employee, Director or any other non-Employee who provides services to or on behalf of the Corporation or any of its Subsidiaries, who is designated by the
Committee to receive an Award. 
 SECTION 4. Awards. 
 (a) Type of Awards. The Committee may from time to time grant any of the following types of Awards, either singly, in tandem or in combination with other Awards: 

(1) Nonqualified Stock Options. A Nonqualified Stock Option is an Award in the form of an option to purchase Stock that is
not intended to comply with the requirements of Code Section 422. The exercise price of each Nonqualified Stock Option granted under this Plan shall not be less than the Fair Market Value of the Stock on the date that the Option is granted.

 (2) Incentive Stock Options. An Incentive Stock Option is an Award in the form of an option to purchase Stock
that is intended to comply with the requirements of Code Section 422 or any successor section thereof. The exercise price of each Incentive Stock Option granted under this Plan shall not be less than the Fair Market Value of the Stock on the
date the Option is granted. If a Participant on the date an Incentive Stock Option is granted owns, directly or indirectly within the meaning of Code Section 424(d), stock possessing more than ten percent (10%) of the total combined voting
power of all classes of stock of the Corporation, the exercise price per share of the Incentive Stock Option shall not be less than one hundred and ten percent (110%) of the Fair Market Value per share of the Stock at the time of grant, and
such Incentive Stock Option shall not be exercisable after the expiration of five (5) years from the date such Incentive Stock Option is granted. To the extent that the aggregate Fair Market Value of Stock with respect to which one or more
incentive stock options first become exercisable by a Participant in any calendar year exceeds $100,000, taking into account both Stock subject to Incentive Stock Options under this Plan and stock subject to incentive stock options under all other
plans of the Corporation or of other entities referenced in Code Section 422(d)(1), the options shall be treated as Nonqualified Stock Options. For this purpose, the Fair Market Value of the Stock subject to options shall be determined as of
the date the Options were granted. 
 (3) Stock Appreciation Rights. A Stock Appreciation Right is an Award in
the form of a right to receive, upon surrender of the right, but without other payment, an amount based on the appreciation in the value of the Stock or the Option over a base price established in the Award, payable in cash, Stock or such other form
or combination of forms of payout, at times and upon conditions (which may include a Change in Control), as may be approved by the Committee. The minimum base price of a Stock Appreciation Right granted under this Plan shall not be less than the
Fair Market Value of the underlying Stock on the date the Stock Appreciation Right is granted. 
 (4) Restricted
Stock. Restricted Stock is an Award of issued shares of Stock of the Corporation (other than Minimum Ownership Stock) that are subject to restrictions on transfer and/or such other restrictions on incidents of ownership as the Committee may
determine. 

  
 4 

 (5) Other Share-Based Awards. The Committee may from time to time grant
Awards under this Plan that provide the Participants with Stock or the right to purchase Stock, or provide other incentive Awards (including, but not limited to, Minimum Ownership Stock, phantom stock or units, performance stock or units, bonus
stock, dividend equivalent units, or similar securities or rights) that have a value derived from the value of, or an exercise or conversion privilege at a price related to, or that are otherwise payable in shares of Stock. The Awards shall be in a
form determined by the Committee, provided that the Awards shall not be inconsistent with the other express terms of this Plan applicable to such Awards. 
 (b) Special Performance-Based Awards. Without limiting the generality of the foregoing, any of the type of Awards listed in Section 4(a) may be granted as awards that satisfy the requirements for
“performance-based compensation” within the meaning of Code Section 162(m) (“Performance-Based Awards”), the grant, vesting, exercisability or payment of which may depend on the degree of achievement of the Performance Goals
relative to preestablished targeted levels for the Corporation or any of its Subsidiaries, divisions or other business units. Performance-Based Awards shall be subject to the requirements of clauses (1) through (7) below, except that
notwithstanding anything contained in this Section 4(b) to the contrary, any Option or Stock Appreciation Right intended to qualify as a Performance-Based Award shall not be subject to the requirements of clauses (2), (4), (5) and
(6) below (with such Awards hereinafter referred to as a “Qualifying Option” or a “Qualifying Stock Appreciation Right”, respectively). An Award that is intended to satisfy the requirements of this Section 4(b) shall be
designated as a Performance-Based Award at the time of grant. 
 (1) Eligible Class. The eligible class of
persons for Awards under this Section 4(b) shall be all Employees. 
 (2) Performance Goals. The performance
goals for any Awards under this Section 4(b) (other than Qualifying Options and Qualifying Stock Appreciation Rights) shall be, on an absolute or relative basis, one or more of the Performance Goals. The Committee shall establish the
Performance Goals and the Performance Periods for which they must be satisfied in order for a Participant to receive any portion of the Award. The specific performance target(s) with respect to Performance Goal(s) must be established by the
Committee no later than the last day of the First Quarter of a given Performance Period (or such other date as may be required or permitted under Section 162(m) of the Code) and while the performance relating to the Performance Goal(s) remains
substantially uncertain. The Committee may establish different performance objectives for each Performance Period, and may provide for multiple, overlapping Performance Periods hereunder. The Committee may provide, at the time when performance
objectives are established with respect to a Performance Period (or at such later date as may be permitted under Section 162(m) of the Code), for the adjustment of such performance objectives as it deems equitable in recognition of unusual or
non-recurring events affecting the Corporation, changes in applicable tax laws or accounting principles, or such other factors as the Committee may determine to be appropriate, including, without limitation, the gain or loss on disposal of a
business segment. 

  
 5 

 (3) Individual Limits. The maximum number of shares of Stock subject to all
Qualifying Options and Qualifying Stock Appreciation Rights granted during a calendar year to any Employee shall be 700,000, and the maximum number of shares of Stock or Share Units that are issuable under other Performance-Based Awards granted
during a calendar year to an Employee shall be 700,000, in each case subject to adjustment as provided in Section 7. Awards that are cancelled during the year shall be counted against these limits to the extent required by Code
Section 162(m). 
 (4) Committee Certification. Before any Performance-Based Award under this
Section 4(b) (other than Qualifying Options and Qualifying Stock Appreciation Rights) is paid, the Committee must certify in writing (by resolution or otherwise) that the applicable Performance Goal(s) and any other material terms of the
Performance-Based Award were satisfied; provided, however, that a Performance-Based Award may be paid without regard to the satisfaction of the applicable Performance Goal in the event of the Participant’s death or permanent disability or in
the event of a Change in Control as provided in Section 7(b). 
 (5) Terms and Conditions of Awards;
Committee Discretion to Reduce Performance Awards. The Committee shall have discretion to determine the conditions, restrictions or other limitations, in accordance with the terms of this Plan and Code Section 162(m), on the payment of
individual Performance-Based Awards under this Section 4(b). The Committee may reserve the right to reduce the amount payable in accordance with any standards or on any other basis (including the Committee’s discretion), as the Committee
may impose. 
 (6) Adjustments for Material Changes. To the extent set forth by the Committee in an Award
Agreement or otherwise, in the event of (i) a change in corporate capitalization, a corporate transaction or a complete or partial corporate liquidation, (ii) any extraordinary gain or loss or other event that is treated for accounting
purposes as an extraordinary item under generally accepted accounting principles, (iii) any material change in accounting policies or practices affecting the Corporation and/or the Performance Goals or targets, or (iv) any other unusual or
nonrecurring event, the Committee shall make adjustments to the Performance Goals and/or targets, applied as of the date of the event, and based solely on objective criteria, so as to neutralize, in the Committee’s judgment, the effect of the
event on the applicable Performance-Based Award. 
 (7) Interpretation. Except as specifically provided in this
Section 4(b), the provisions of this Section 4(b) shall be interpreted and administered by the Committee in a manner consistent with the requirements for exemption of Performance-Based Awards granted to Executive Officers as
“performance-based compensation” under Code Section 162(m) and regulations and other interpretations issued by the Internal Revenue Service thereunder. 

  
 6 

 (c) Non-Employee Directors. The Board may provide that all or a portion of a Non-Employee
Director’s annual retainer, meeting fees and/or other awards or compensation as determined by the Board, be payable (either automatically or at the election of a Non-Employee Director) in the form of Non-Qualified Stock Options, Stock
Appreciation Rights, Restricted Stock or Other Share-Based Awards, including unrestricted Stock and Share Units. The Board shall determine the terms and conditions of any such Awards, including the terms and conditions which shall apply upon a
termination of the Non-Employee Director’s service as a member of the Board, and shall have full power and authority in its discretion to administer such Awards, subject to the terms of the Plan and applicable law. 

SECTION 5. Shares of Stock and Share Units Available Under Plan. 
 (a) Aggregate Limits on Shares and Share Units. (i) Subject to adjustment as provided in Section 5(b), Section 5(c) or Section 7, as of the Restatement Effective Date the maximum
number of shares of Stock that may be granted pursuant to all Awards under the plan is 2,570,000, minus any shares of Stock subject to (x) Awards granted after March 26, 2013 under the Plan and (y) awards granted after March 26,
2013 under the Prior Directors Plan (the “Share Reserve”); and (ii) the maximum number of shares of Stock that may be issued pursuant to all Awards of Incentive Stock Options is 2,570,000. 

(b) Share Usage for Full Value Awards. Solely for purposes of calculating the number of shares of Stock available for Award grants
pursuant to Section 5(a)(i), each share of Stock subject to Awards (or awards under the Prior Directors Plan) granted after March 26, 2013 (other than Awards of Options and Stock Appreciation Rights, which shall continue to be counted as
one (1) share) shall be counted as one and sixty eight one-hundredths (1.68) shares. 
 (c) Addbacks of Shares and
Share Units. After March 26, 2013, any unexercised, unconverted or undistributed portion of any expired, cancelled, terminated or forfeited Award, or award under the Prior Directors Plan, shall again be available for grants of Awards under
Section 5(a), whether or not the Participant has received benefits of ownership (such as dividends or dividend equivalents or voting rights) during the period in which the Participant’s ownership was restricted or otherwise not vested.
After March 26, 2013, to the extent an Award, or an award under the Prior Directors Plan, is settled in cash in lieu of issuing shares of Stock subject thereto, such shares shall be deemed to constitute Share Units (and not shares of Stock
subject to or issued pursuant to an Award) for purposes of the limits set forth in Section 5(a) and any shares subject to such an Award may again be available for grants of Awards under the Plan. In the event that after March 26, 2013,
withholding tax liabilities arising from an Award other than an Option or Stock Appreciation Right, or an award other than an option or stock appreciation right under the Prior Plans, are satisfied by the tendering of shares (either actually or by
attestation) or by the withholding of shares by the Corporation, the shares so tendered or withheld shall again be available for grants of Awards under the Plan. The foregoing provisions of this Section 5(c) shall be added back on the basis set
forth in Section 5(d) below. For the avoidance of doubt, after March 26, 2013, the following shares of Stock shall not become available for Awards under the Plan: (1) shares tendered by Participants or withheld by the Corporation as
full or partial payment to the Corporation upon exercise of Options or other Awards granted under the Plan, or options or other awards under the Prior Directors Plan; (2) shares of Stock reserved for issuance upon the grant of Stock
Appreciation Rights, to the extent the number of reserved shares exceeds 

  
 7 

 
the number of shares actually issued upon exercise of the Stock Appreciation Rights under the Plan, or stock appreciation rights under the Prior Directors Plan; (3) shares withheld by, or
otherwise remitted to, the Corporation to satisfy a Participant’s tax withholding obligations upon the exercise of Options or Stock Appreciation Rights under the Plan, or options or stock appreciation rights under the Prior Directors Plan; and
(4) shares of Stock reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of Options under the Plan or options granted under the Prior Directors Plan. 

(d) Any shares of Stock that again become available for grant pursuant to Section 5(c) after March 26, 2013 shall be added back
as (i) one (1) share for every one (1) share subject to Options or Stock Appreciation Rights granted under the Plan or options or stock appreciation rights granted under the Prior Directors Plan, and (ii) as 1.68 shares for every
one (1) share subject to Awards other than Options or Stock Appreciation Rights granted under the Plan or awards other than options or stock appreciation rights granted under the Prior Directors Plan. 

(e) Treasury Shares; No Fractional Shares. The Stock which may be issued (which term includes Stock reissued or otherwise delivered)
pursuant to an Award under this Plan may be treasury or authorized but unissued Stock or Stock acquired, subsequently or in anticipation of a transaction under this Plan, in the open market or in privately negotiated transactions to satisfy the
requirements of this Plan. No fractional shares shall be issued but fractional interests may be accumulated and any such accumulated fractional interests shall be rounded down to the nearest whole share. 

(f) Consideration. The Stock issued under this Plan may be issued (subject to Section 10(d)) for any lawful form of consideration,
the value of which equals the par value of the Stock or such greater or lesser value as the Committee, consistent with Sections 10(d) and 4(a)(1), (2) and (3), may require. 

(g) Purchase or Exercise Price; Withholding. The exercise or purchase price (if any) of the Stock issuable pursuant to any Award and any
withholding obligation under applicable tax laws shall be paid at or prior to the time of the delivery of such Stock in cash or, subject to the Committee’s express authorization and the restrictions, conditions and procedures as the Committee
may impose, any one or combination of (i) cash, (ii) the delivery of shares of Stock, or (iii) a reduction in the amount of Stock or other amounts otherwise issuable or payable pursuant to such Award. In the case of a payment by the
means described in clause (ii) or (iii) above, the Stock to be so delivered or offset shall be determined by reference to the Fair Market Value of the Stock on the date as of which the payment or offset is made, and any shares of Stock so
tendered or withheld for taxes will be at the minimum statutory rate. 
 (h) Cashless Exercise. The Committee may also permit
the exercise of the Award and payment of any applicable withholding tax in respect of an Award by delivery of written notice, subject to the Corporation’s receipt of a third party payment in full in cash (or in such other form as permitted
under Section 5(f)) for the exercise price and the applicable withholding at or prior to the time of issuance of Stock, in the manner and subject to the procedures as may be established by the Committee. 

  
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 (i) Limitations on Director Grants. The maximum number of shares of Stock subject to Awards
granted during a calendar year to any Non-Employee Director, excluding any cash fees deferred in the form of Restricted Stock or Other Share-Based Awards during such calendar year, shall not exceed $400,000 in total value (calculating the value of
any such Awards based on the grant date fair value of such Awards for financial reporting purposes). 
 SECTION 6. Award Agreements. 

Each Award under this Plan shall be evidenced by an Award Agreement in a form approved by the Committee setting forth the number of shares
of Stock or Share Units, as applicable, subject to the Award, and the price (if any) and term of the Award and, in the case of Performance-Based Awards, the applicable Performance Goals, if any. The Award Agreement shall also set forth (or
incorporate by reference) other material terms and conditions applicable to the Award as determined by the Committee consistent with the limitations of this Plan. 
 (a) Incorporated Provisions. Award Agreements shall be subject to the terms of this Plan and shall be deemed to include the following terms: 

(1) Transferability: Unless otherwise designated by the Committee, an Award shall not be assignable or transferable,
except by will or by the laws of descent and distribution, and during the lifetime of a Participant the Award shall be exercised only by such Participant or by his or her guardian or legal representative; provided, that the Committee shall not have
the authority to provide for transfers for consideration to persons unrelated to the Participant. An Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant.
The designation of a Beneficiary hereunder shall not constitute a transfer prohibited by the foregoing provisions. 
 (2) Rights as Stockholder: A Participant shall have no rights as a holder of Stock with respect to any unissued securities covered by an Award until the date the Participant becomes the holder of record
of these securities. Except as provided in Section 7, no adjustment or other provision shall be made for dividends or other stockholder rights, except to the extent that the Award Agreement provides for dividend equivalents or similar economic
benefits. 
 (3) Withholding: The Participant shall be responsible for payment of any taxes or similar charges
required by law to be withheld from an Award or an amount paid in satisfaction of an Award and these obligations shall be paid by the Participant on or prior to the payment of the Award. In the case of an Award payable in cash, the withholding
obligation shall be satisfied by withholding the applicable amount and paying the net amount in cash to the Participant. In the case of an Award paid in shares of Stock, a Participant shall satisfy the withholding obligation as provided in
Section 5(g). 
 (4) Maximum Term of Awards. No Option or Stock Appreciation Right may be exercised or
converted to any extent or remain outstanding and unexercised, unconverted or unvested more than ten years after the date such Option or Stock 

  
 9 

 
Appreciation Right was initially granted. The Committee may provide, at or after grant, that the period of time over which an Option, other than an Incentive Stock Option, or Stock Appreciation
Right may be exercised shall be automatically extended if on the scheduled expiration of such Award, the Participant’s exercise of such Award would violate applicable securities law; provided, however, that during the extended exercise period
the Option or Stock Appreciation Right may only be exercised to the extent such Award was exercisable in accordance with its terms immediately prior to such scheduled expiration date; provided further, however, that such extended exercise period
shall end not later than thirty (30) days after the exercise of such Option or Stock Appreciation Right first would no longer violate such laws. 
 (b) Other Provisions. Award Agreements may include other terms and conditions as the Committee shall approve, including but not limited to the following: 

(1) Termination of Employment: A provision describing the treatment of an Award in the event of the retirement,
disability, death or other termination of a Participant’s employment with or services to the Corporation, including any provisions relating to the vesting, exercisability, forfeiture or cancellation of the Award in these circumstances, subject,
in the case of Performance-Based Awards, to the requirements for “performance-based compensation” under Code Section 162(m). 
 (2) Vesting; Effect of Termination; Change in Control: Any other terms consistent with the terms of this Plan as are necessary and appropriate to effect the Award to the Participant, including but not
limited to the vesting provisions, any requirements for continued employment, any other restrictions or conditions (including performance requirements) of the Award, and the method by which (consistent with Section 7) the restrictions or
conditions lapse, and the effect on the Award of a Change in Control. Unless otherwise provided by the Committee in the applicable Award Agreement, (1) the minimum vesting period for Awards of Restricted Stock shall be three years from the date
of grant (or one year in the case of Restricted Stock Awards that are Performance-Based Awards) and (2) the vesting period of an Award of Restricted Stock may not be accelerated to a date that is within such minimum vesting period except in the
event of the Participant’s death, permanent disability or retirement or in the event of a Change in Control; provided, however, that the foregoing limitations shall not apply to Awards to Non-Employee Directors (in their capacity as such).

 (3) Replacement and Substitution: Any provisions permitting or requiring the surrender of outstanding Awards
or securities held by the Participant in whole or in part in order to exercise or realize rights under or as a condition precedent to other Awards, or in exchange for the grant of new or amended Awards under similar or different terms; provided,
that except in connection with an adjustment contemplated by Section 7, no such provisions of an Award Agreement shall permit a “Repricing” as defined in Section 8(d). 

(4) Dividends and Dividend Equivalents: Any provisions providing for the payment of dividends or dividend equivalents on
unissued shares of Stock or unpaid Share Units underlying an Award, on either a current or deferred or contingent basis, and 

  
 10 

 
either in cash or in additional shares of Stock; provided, however, that except under the circumstances set forth in Section 7 below, dividend equivalents may not be paid with respect to
Awards of Options or Stock Appreciation Rights, and any dividend or dividend equivalent rights granted with respect to Other Share-Based Awards, including performance awards and restricted stock units, shall not be paid unless and until the
underlying shares of Stock to which such dividend or dividend equivalent rights relate vest. 
 (c) Contract Rights, Forms and
Signatures. Any obligation of the Corporation to any Participant with respect to an Award shall be based solely upon contractual obligations created by this Plan and an Award Agreement. No Award shall be enforceable until the Award Agreement has
been signed on behalf of the Corporation by an Executive Officer (other than the recipient) or his or her delegate. By accepting receipt of the Award Agreement, a Participant shall be deemed to have accepted and consented to the terms of this Plan
and any action taken in good faith under this Plan by and within the discretion of the Committee, the Board of Directors or their delegates, including but not limited to the incorporation of any applicable clawback policy adopted by the Board or the
Committee at any time. Unless the Award Agreement otherwise expressly provides, there shall be no third party beneficiaries of the obligations of the Corporation to the Participant under the Award Agreement. 

SECTION 7. Adjustments; Change in Control; Acquisitions. 
 (a) Adjustments. If there shall occur any recapitalization, stock split (including a stock split in the form of a stock dividend), reverse stock split, merger, combination, consolidation, or other
reorganization or any extraordinary dividend or other extraordinary distribution in respect of the Stock (whether in the form of cash, Stock or other property), or any split-up, spin-off, extraordinary redemption, or exchange of outstanding Stock,
or there shall occur any other similar corporate transaction or event in respect of the Stock, or a sale of substantially all the assets of the Corporation as an entirety, then the Committee shall, in the manner and to the extent, if any, as it
deems appropriate and equitable to the Participants and consistent with the terms of this Plan, and taking into consideration the effect of the event on the holders of the Stock: 

(1) proportionately adjust any or all of: 

(A) the number and type of shares of Stock and Share Units which thereafter may be made the subject of Awards (including
the specific maximum limits and numbers of shares of Stock or Share Units set forth elsewhere in this Plan), 

(B) the number and type of shares of Stock, other property, Share Units or cash subject to any or all outstanding Awards,

 (C) the grant, purchase or exercise price, or conversion ratio of any or all outstanding Awards, or of the
Stock, other property or Share Units underlying the Awards, 

  
 11 

 (D) the securities, cash or other property deliverable upon exercise or
conversion of any or all outstanding Awards, 
 (E) subject to Section 4(b), the performance targets or
standards appropriate to any outstanding Performance-Based Awards, or 
 (F) any other terms as are affected by
the event; and/or 
 (2) provide for: 

(A) an appropriate and proportionate cash settlement or distribution, or 

(B) the substitution or exchange of any or all outstanding Awards, or the cash, securities or property deliverable on
exercise, conversion or vesting of the Awards. 
 The Committee shall act prior to an event described in this paragraph
(a) (including at the time of an Award by means of more specific provisions in the Award Agreement) if deemed necessary or appropriate to permit the Participant to realize the benefits intended to be conveyed by an Award in respect of the Stock
in the case of an event described in paragraph (a). 
 (b) Change in Control. The Committee may, in the Award Agreement, provide
for the effect of a Change in Control on an Award. Such provisions may include, but are not limited to any one or more of the following with respect to any or all Awards: (i) the specific consequences of a Change in Control on the Awards;
(ii) a reservation of the Committee’s right to determine in its discretion at any time that there shall be full acceleration or no acceleration of benefits under the Awards; (iii) that only certain or limited benefits under the Awards
shall be accelerated; (iv) that the Awards shall be accelerated for a limited time only; or (v) that acceleration of the Awards shall be subject to additional conditions precedent (such as a termination of employment following a Change in
Control). 
 In addition to any action required or authorized by the terms of an Award, the Committee may take any other action
it deems appropriate to ensure the equitable treatment of Participants in the event of a Change in Control, including but not limited to any one or more of the following with respect to any or all Awards: (i) the acceleration or extension of
time periods for purposes of exercising, vesting in, or realizing gain from, the Awards; (ii) the waiver of conditions on the Awards that were imposed for the benefit of the Corporation, (iii) provision for the cash settlement of the
Awards for their equivalent cash value (based solely on the Fair Market Value of the Award), as determined by the Committee, as of the date of the Change in Control; or (iv) such other modification or adjustment to the Awards as the Committee
deems appropriate to maintain and protect the rights and interests of Participants upon or following the Change in Control, including the cancellation of any Options or Stock Appreciation Rights whose exercise price (or base price, as the case may
be) is less than the Fair Market Value of a share of Stock on the date of the Change in Control. The Committee also may accord any Participant a right to refuse any acceleration of exercisability, vesting or benefits, whether pursuant to the Award
Agreement or otherwise, in such circumstances as the Committee may approve. 

  
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 Notwithstanding the foregoing provisions of this Section 7(b) or any provision in an
Award Agreement to the contrary, if any Award to any Insider is accelerated to a date that is less than six months after the date of the Award, the Committee may prohibit a sale of the underlying Stock (other than a sale by operation or law in
exchange for or through conversion into other securities), and the Corporation may impose legend and other restrictions on the Stock to enforce this prohibition. 
 (c) Change in Control Definition. For purposes of this Plan, with respect to any Award other than an Award issued pursuant to an Award Agreement that separately defines the term “change in
control,” a change in control shall include and be deemed to occur upon the following events: 
 (1) The
acquisition by any person or group (including a group within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act), other than the Corporation or any of its Subsidiaries, of beneficial ownership (within the meaning of Rule 13d-3
under the Exchange Act) of a majority of the combined voting power of the Corporation’s then outstanding voting securities, other than by any employee benefit plan maintained by the Corporation; 

(2) The sale of all or substantially all of the assets of the Corporation or of Engility Corporation or any successor
thereto; 
 (3) The consummation of a merger, combination, consolidation, recapitalization, or other
reorganization of the Corporation with one or more other entities that are not Subsidiaries if, as a result of the consummation of such transaction less than 50 percent of the outstanding voting securities of the surviving or resulting corporation
shall immediately after the event be beneficially owned in the aggregate by the stockholders of the Corporation immediately prior to the event; 
 (4) The election, including the filling of vacancies, during any period of 24 months or less, of 50 percent or more, of the members of the Board, without the approval of Continuing Directors, as
constituted at the beginning of such period. “Continuing Directors” shall mean any director of the Corporation who either (i) is a member of the Board on July 18, 2012, or (ii) is nominated for election to the Board by a
majority of the Board which is comprised of Directors who were, at the time of such nomination, Continuing Directors; or 
 (5) In the Committee’s sole discretion on a case-by-case basis and solely with respect to Awards granted to Employees of a Subsidiary of the Corporation, or of a business unit or division of the
Corporation or such Subsidiary, (i) the sale of all or substantially all of the assets of such Subsidiary, business unit or division or (ii) the sale (including without limitation by way of merger) of a majority of the combined voting
power of such Subsidiary’s then outstanding voting securities. 
 Notwithstanding the foregoing, unless otherwise provided in the
applicable Award Agreement, with respect to Awards constituting a “deferral of compensation” subject to Section 409A of the Code, a Change in Control shall mean a “change in the ownership of the Company,” a “change

  
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in the effective control of the Company,” or a “change in the ownership of a substantial portion of the assets of the Company” as such terms are defined in
Section 1.409A-3(i)(5) of the Treasury Regulations. 
 (d) Business Acquisitions. Awards may be granted under this Plan on
the terms and conditions as the Committee considers appropriate, which may differ from those otherwise required by this Plan to the extent necessary to reflect a substitution for or assumption of stock incentive awards held by employees of other
entities who become employees of the Corporation or a Subsidiary as the result of a merger of the employing entity with, or the acquisition of the property or stock of the employing entity by, the Corporation or a Subsidiary (an
“Acquisition”), directly or indirectly (such awards, “Substitute Awards”). Substitute Awards shall not be counted against the limitations set forth in Section 5(a) nor be added back pursuant to Section 5(c), provided
that Substitute Awards issued in connection with the assumption of, or in substitution for, Incentive Stock Options shall be counted against the limits set forth in Section 5(a)(ii) of the Plan. Without limiting the foregoing, the Corporation
has assumed under the Plan (and will or has issued Stock under the Plan in respect of) certain equity-based Awards originally granted by L-3 Communications Holdings, Inc. to certain current and former employees of the Corporation in connection with
the tax-free spin-off transaction on July 17, 2012 that resulted in the Corporation becoming an independent, publicly-traded company, and such Awards are treated as Awards made hereunder, and not as Substitute Awards. Additionally, in the event
that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or
combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination
to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan; provided that
Awards using such available shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not Employees
or Directors prior to such acquisition or combination. 
 SECTION 8. Administration. 

(a) Committee Authority and Structure. This Plan and all Awards granted under this Plan shall be administered by the Compensation
Committee of the Board or such other committee of the Board or subcommittee of the Compensation Committee as may be designated by the Board and constituted so as to permit this Plan to comply with the disinterested administration requirements of
Rule 16b-3 under the Exchange Act and the “outside director” requirement of Code Section 162(m). The members of the Committee shall be designated by the Board. A majority of the members of the Committee (but not fewer than two) shall
constitute a quorum. The vote of a majority of a quorum or the unanimous written consent of the Committee shall constitute action by the Committee. 
 (b) Selection and Grant. The Committee shall have the authority to determine the individuals (if any) to whom Awards will be granted under this Plan, the type of Award or Awards to be made, and the
nature, amount, pricing, timing, and other terms of Awards to be made to any one or more of these individuals, subject to the terms of this Plan. 

  
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 (c) Construction and Interpretation. The Committee shall have the power to interpret and
administer this Plan and Award Agreements, and to adopt, amend and rescind related rules and procedures. All questions of interpretation and determinations with respect to this Plan, the number of shares of Stock, Options, Stock Appreciation Rights,
or units or other Awards granted, and the terms of any Award Agreements, the adjustments required or permitted by Section 7, and other determinations hereunder shall be made by the Committee and its determination shall be final and conclusive
upon all parties in interest. In the event of any conflict between an Award Agreement and any non-discretionary provisions of this Plan, the terms of this Plan shall govern. 
 (d) Express Authority to Change Terms of Awards. The Committee may, at any time, alter or amend any or all Award Agreements under this Plan in any manner that would be authorized for a new Award under
this Plan, including but not limited to any manner set forth in Section 9 (subject to any applicable limitations thereunder), except that no amendment or cancellation of an Award may effect a Repricing of such Award, except in connection with
an adjustment pursuant to Section 7 or with the prior approval of the Corporation’s shareholders. A “Repricing” means any of the following: (i) changing the terms of an Award to lower its exercise price or base price,
(ii) cancelling an Award with an exercise price or base price in exchange for other Awards with a lower exercise price or base price, or (iii) cancelling an Award with an exercise price or base price at a time when such price is equal to
or greater than the Fair Market Value of the underlying Stock in exchange for other Awards, cash or property. Without limiting the Committee’s authority under this plan (including Sections 7 and 9), but subject to any express limitations of
this Plan (including the prohibitions on Repricing set forth in this Section 8(d)), the Committee shall have the authority to accelerate the exercisability or vesting of an Award, to extend the term or waive early termination provisions of an
Award (subject to the maximum ten-year term under Section 6(a)(5)), and to waive the Corporation’s rights with respect to an Award or restrictive conditions of an Award (including forfeiture conditions), in any case in such circumstances
as the Committee deems appropriate. 
 (e) Rule 16b-3 Conditions; Bifurcation of Plan. It is the intent of the Corporation that
this Plan and Awards hereunder satisfy and be interpreted in a manner, that, in the case of Participants who are or may be Insiders, satisfies any applicable requirements of Rule 16b-3, so that these persons will be entitled to the benefits of Rule
16b-3 or other exemptive rules under Section 16 under the Exchange Act and will not be subjected to avoidable liability thereunder as to Awards intended to be entitled to the benefits of Rule 16b-3. If any provision of this Plan or of any Award
would otherwise frustrate or conflict with the intent expressed in this Section 8(e), that provision to the extent possible shall be interpreted and deemed amended so as to avoid such conflict. To the extent of any remaining irreconcilable
conflict with this intent, the provision shall be deemed disregarded as to Awards intended as Rule 16b-3 exempt Awards. Notwithstanding anything to the contrary in this Plan, the provisions of this Plan may at any time be bifurcated by the Board or
the Committee in any manner so that certain provisions of this Plan or any Award Agreement intended (or required in order) to satisfy the applicable requirements of Rule 16b-3 are only applicable to Insiders and to those Awards to Insiders intended
to satisfy the requirements of Rule 16b-3. 

  
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 (f) Delegation and Reliance. The Committee may delegate to the officers or employees of the
Corporation the authority to make grants hereunder and to otherwise execute and deliver those instruments and documents, to do all acts and things, and to take all other steps deemed necessary, advisable or convenient for the effective
administration of this Plan in accordance with its terms and purpose, except that the Committee may not delegate any discretionary authority to grant or amend an award or with respect to substantive decisions or functions regarding this Plan or
Awards as these relate to the material terms of Performance-Based Awards to Executive Officers or to the timing, eligibility, pricing, amount or other material terms of Awards to Insiders. In making any determination or in taking or not taking any
action under this Plan, the Board and the Committee may obtain and may rely upon the advice of experts, including professional advisors to the Corporation. No director, officer, employee or agent of the Corporation shall be liable for any such
action or determination taken or made or omitted in good faith. 
 (g) Exculpation and Indemnity. Neither the Corporation nor
any member of the Board of Directors or of the Committee, nor any other person participating in any determination of any question under this Plan, or in the interpretation, administration or application of this Plan, shall have any liability to any
party for any action taken or not taken in good faith under this Plan or for the failure of an Award (or action in respect of an Award) to satisfy Code requirements as to incentive stock options or to realize other intended tax consequences, to
qualify for exemption or relief under Rule 16b-3 or to comply with any other law, compliance with which is not required on the part of the Corporation. 
 SECTION 9. Amendment and Termination of this Plan. 
 The Board of Directors may at
any time amend, suspend or discontinue this Plan, subject to any stockholder approval that may be required under applicable law. Notwithstanding the foregoing, no such action by the Board or the Committee shall, in any manner adverse to a
Participant other than as expressly permitted by the terms of an Award Agreement, affect any Award then outstanding and evidenced by an Award Agreement without the consent in writing of the Participant or, to the extent applicable, a Beneficiary, a
Participant’s family member or a trust (or similar estate planning entity) established for the benefit of a Participant and/or one or more of the Participant’s family members entitled to an Award. Notwithstanding the above, any amendment
that would (i) materially increase the aggregate number of shares of Stock or other equity interest(s) that may be issued hereunder, (ii) materially modify the requirements as to eligibility for participation in this Plan,
(iii) effect a Repricing, or (iv) otherwise require shareholder approval under the listing standards of the New York Stock Exchange (or such other principal market in which the Company’s shares are traded) or any other law or
regulation, shall be subject to shareholder approval. 
 SECTION 10. Miscellaneous. 

(a) Unfunded Plans. This Plan shall be unfunded. Neither the Corporation nor the Board of Directors nor the Committee shall be required to
segregate any assets that may at any time be represented by Awards made pursuant to this Plan. Neither the Corporation, the Committee, nor the Board of Directors shall be deemed to be a trustee of any amounts to be paid or securities to be issued
under this Plan. 

  
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 (b) Rights of Employees. 

(1) No Right to an Award. Status as an Employee shall not be construed as a commitment that any one or more Awards will be
made under this Plan to an Employee or to Employees generally. Status as a Participant shall not entitle the Participant to any additional Award. 
 (2) No Assurance of Employment or Other Service Relationship. Nothing contained in this Plan (or in any other documents related to this Plan or to any Award) shall confer upon any Employee or Participant
any right to continue in the employ or other service of the Corporation or any Subsidiary or constitute any contract (of employment or otherwise) or limit in any way the right of the Corporation or any Subsidiary to change a person’s
compensation or other benefits or to terminate the employment or services of a person with or without cause. 
 (c) Effective
Date; Duration. This Plan has been adopted by the Board of Directors of the Corporation and will amend and restate the previous plan as set forth herein effective as of the date on which the Corporation’s public shareholders approve the Plan
(the “Restatement Effective Date”). This Plan shall remain in effect until any and all Awards under this Plan have been exercised, converted or terminated under the terms of this Plan and applicable Award Agreements. Notwithstanding the
foregoing, no Award may be granted under this Plan after the tenth anniversary of the date on which the Corporation’s public shareholders approve the Plan; provided, however, that any Award granted prior to such date may be amended after such
date in any manner that would have been permitted hereunder prior to such date. 
 (d) Compliance with Laws. This Plan, Award
Agreements, and the grant, exercise, conversion, operation and vesting of Awards, and the issuance and delivery of shares of Stock and/or other securities or property or the payment of cash under this Plan, Awards or Award Agreements, are subject to
compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal insider trading, registration, reporting and other securities laws and federal margin requirements) and to such approvals by
any listing, regulatory or governmental authority as may be necessary or, in the opinion of counsel for the Corporation, advisable in connection therewith. Any securities delivered under this Plan shall be subject to such restrictions (and the
person acquiring such securities shall, if requested by the Corporation, provide such evidence, assurance and representations to the Corporation as to compliance with any of such restrictions) as the Corporation may deem necessary or desirable to
assure compliance with all applicable legal requirements. 
 (e) Awards to Non-U.S. Participants. The Committee shall have the
power and authority to determine which service providers outside the United States shall be eligible to participate in the Plan. Without amending the Plan, the Committee may grant Awards to eligible persons who are foreign nationals and/or reside
outside the United States on such terms and conditions different from those specified in this Plan as may in the judgment of the Committee be necessary or desirable to foster and promote achievement of the purposes of this Plan. The Committee may
adopt, amend or rescind rules, procedures or sub-plans relating to the operation and administration of the Plan to accommodate the specific requirements of local laws, procedures, and practices. 

  
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 (f) Section 409A. Notwithstanding other provisions of the Plan or any Award Agreements
thereunder, no Award shall be granted, deferred, accelerated, extended, paid out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant. In the event
that it is reasonably determined by the Board or Committee that, as a result of Section 409A of the Code, payments in respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Award
agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A of the Code, the Corporation will make such payment on the first day that would not result in the Participant
incurring any tax liability under Section 409A of the Code; which, if the Participant is a “specified employee” within the meaning of the Section 409A, shall be the first day following the six-month period beginning on the date
of Participant’s termination of Employment. Notwithstanding the foregoing, each Participant is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on him or her, or in respect of any payment or
benefit delivered in connection with the Plan (including any taxes and penalties under Section 409A of the Code), and the Company shall not have any obligation to indemnify or otherwise hold any Participant harmless from any or all such taxes
or penalties. 
 (g) Applicable Law. This Plan, Award Agreements and any related documents and matters shall be governed by, and
construed in accordance with, the laws of the State of Delaware and applicable Federal law. 
 (h) Non-Exclusivity of Plan.
Nothing in this Plan shall limit or be deemed to limit the authority of the Corporation, the Board or the Committee to grant awards or authorize any other compensation, with or without reference to the Stock, under any other plan or authority.

 (i) Company Clawback Policy. Notwithstanding any provision of the Plan or any Award Agreement to the contrary, the Company
may require the Participant to return shares of Stock (or the value of such Stock when originally released to Participant), dividends paid thereon and any other amount required by law to be returned, in the event that such repayment is required in
order to comply with any Company compensation recovery (or other clawback) policy as then in effect or any laws or regulations relating to restatements of the Company’s publicly-reported financial results. 

  
 18

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