Document:

EX-10.2

 Exhibit 10.2 

EMPLOYEE MATTERS AGREEMENT 

BY AND AMONG 

JDS UNIPHASE CORPORATION, 

LUMENTUM HOLDINGS INC., 

AND 

LUMENTUM OPERATIONS LLC. 

[•], 2015 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
			
	 ARTICLE I
	  	 DEFINITIONS
	  	 	1	  
			
	 1.1
	  	 Definitions
	  	 	1	  
			
	 ARTICLE II
	  	 GENERAL PRINCIPLES FOR ALLOCATION OF
LIABILITIES
	  	 	8	  
			
	 2.1
	  	 General Principles
	  	 	8	  
			
	 2.2
	  	 Service Credit
	  	 	9	  
			
	 2.3
	  	 Collective Bargaining
	  	 	9	  
			
	 2.4
	  	 Non-U.S. Regulatory Compliance
	  	 	9	  
			
	 ARTICLE III
	  	 ASSIGNMENT OF EMPLOYEES
	  	 	9	  
			
	 3.1
	  	 Employee Information
	  	 	9	  
			
	 3.2
	  	 Cooperation in Employee Transfers
	  	 	9	  
			
	 3.3
	  	 Employee Transfers
	  	 	9	  
			
	 3.4
	  	 Assignment of Individual Agreements
	  	 	11	  
			
	 3.5
	  	 Treatment of Vacation
	  	 	11	  
			
	 3.6
	  	 Employee Transfer Or Termination Costs
	  	 	11	  
			
	 ARTICLE IV
	  	 U.S. WELFARE PLANS AND 401(K) PLAN
	  	 	11	  
			
	 4.1
	  	 Lumentum Welfare Plans
	  	 	11	  
			
	 4.2
	  	 COBRA and HIPAA
	  	 	12	  
			
	 4.3
	  	 Insurance Contracts
	  	 	12	  
			
	 4.4
	  	 Third-Party Vendors
	  	 	12	  
			
	 4.5
	  	 Fringe Benefits
	  	 	12	  
			
	 4.6
	  	 Workers’ Compensation
	  	 	12	  
			
	 4.7
	  	 Lumentum 401(k) Plan
	  	 	12	  
			
	 4.8
	  	 Recognition of Service
	  	 	13	  
			
	 ARTICLE V
	  	 NON-U.S. WELFARE PLANS AND 401(K)
PLAN
	  	 	13	  
			
	 5.1
	  	 Establishment of Lumentum Non-U.S. Welfare Plans
	  	 	13	  
			
	 5.2
	  	 Establishment of Lumentum Non-U.S. Retirement Plans
	  	 	14	  
			
	 ARTICLE VI
	  	 NONQUALIFIED DEFERRED COMPENSATION
	  	 	15	  
			
	 6.1
	  	 Deferred Compensation Plan
	  	 	15	  
			
	 6.2
	  	 Rabbi Trust
	  	 	15	  
			
	 6.3
	  	 Participant Elections
	  	 	15	  
			
	 6.4
	  	 Participation; Distributions
	  	 	15	  
			
	 6.5
	  	 Top Hat Filing
	  	 	15	  
			
	 ARTICLE VII
	  	 VARIABLE COMPENSATION PLANS
	  	 	15	  
			
	 7.1
	  	 JDSU Variable Compensation Plans
	  	 	15	  
			
	 7.2
	  	 Lumentum Variable Compensation Plans
	  	 	16	  

  
 i 

 TABLE OF CONTENTS 

(CONTINUED) 
  

							
	 	  	 	  	PAGE	 
			
	 ARTICLE VIII
	  	 EQUITY BASED COMPENSATION
	  	 	16	  
			
	 8.1
	  	 General Principles
	  	 	16	  
			
	 8.2
	  	 Stock Options
	  	 	17	  
			
	 8.3
	  	 Restricted Stock Units
	  	 	17	  
			
	 8.4
	  	 Performance Unit Awards
	  	 	18	  
			
	 8.5
	  	 Employee Stock Purchase Plans
	  	 	18	  
			
	 8.6
	  	 Section 16(b) of the Exchange Act
	  	 	19	  
			
	 8.7
	  	 Liability for Grant, Modification or Settlement of Equity Awards
	  	 	19	  
			
	 8.8
	  	 Registration and Other Regulatory Requirements
	  	 	19	  
			
	 8.9
	  	 Tax Reporting and Withholding
	  	 	19	  
			
	 ARTICLE IX
	  	 MISCELLANEOUS
	  	 	19	  
			
	 9.1
	  	 Information Sharing and Access
	  	 	19	  
			
	 9.2
	  	 Consistency of Tax Positions; Duplication
	  	 	20	  
			
	 9.3
	  	 Costs
	  	 	20	  
			
	 9.4
	  	 Preservation of Rights to Amend
	  	 	20	  
			
	 9.5
	  	 Fiduciary Matters
	  	 	21	  
			
	 9.6
	  	 Section 409A of the Code
	  	 	21	  
			
	 9.7
	  	 Further Assurances
	  	 	21	  
			
	 9.8
	  	 Dispute Resolution
	  	 	21	  
			
	 9.9
	  	 Governing Law; Submission to Jurisdiction; Waiver of Trial
	  	 	21	  
			
	 9.10
	  	 Survival of Covenants
	  	 	21	  
			
	 9.11
	  	 Waivers of Default
	  	 	21	  
			
	 9.12
	  	 Force Majeure
	  	 	21	  
			
	 9.13
	  	 Notices
	  	 	22	  
			
	 9.14
	  	 Termination
	  	 	23	  
			
	 9.15
	  	 Severability
	  	 	23	  
			
	 9.16
	  	 Entire Agreement
	  	 	23	  
			
	 9.17
	  	 Assignment; No Third-Party Beneficiaries
	  	 	23	  
			
	 9.18
	  	 Specific Performance
	  	 	23	  
			
	 9.19
	  	 Amendments
	  	 	24	  
			
	 9.20
	  	 Rules of Construction
	  	 	24	  
			
	 9.21
	  	 Counterparts
	  	 	24	  

  
 ii 

 EMPLOYEE MATTERS AGREEMENT 

This EMPLOYEE MATTERS AGREEMENT (this “Agreement”),
dated as of [•], 2015 (the “Effective Date”), is by and between JDS Uniphase Corporation, a Delaware corporation which is anticipated to be renamed Viavi Solutions, Inc. (“JDSU”), Lumentum
Holdings Inc., a Delaware corporation (“Holdings”), and Lumentum Operations LLC, a Delaware corporation (“Lumentum”). Certain terms used in this Agreement are defined in Section 1.1. 

R E C I T A L S: 

WHEREAS, the Board of Directors of JDSU has determined that it is in the best interests of JDSU and its
stockholders to establish Lumentum as a wholly-owned subsidiary and transfer certain assets and liabilities from JDSU to Lumentum pursuant to a CONTRIBUTION AGREEMENT dated concurrently with this
Agreement (the “Contribution Agreement”); 
 WHEREAS, in addition to the
matters addressed by the CONTRIBUTION AGREEMENT, the parties desire to enter into this Agreement to set forth the agreement between the parties relating to the transfer of employees between the
companies and their respective compensation and benefit plans and programs, the division of assets and liabilities associated with certain employment, compensation and benefit matters, and other matters associated with the replication of certain
employee benefit plans and programs; 
 NOW, THEREFORE, in consideration of the mutual
agreements, provisions and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 

Article I 

DEFINITIONS 

1.1 Definitions. For purposes of this Agreement, the following terms shall have the meanings specified in this section:

 “Action” means any demand, action, claim, dispute, charge of discrimination, suit, countersuit,
arbitration, inquiry, subpoena, proceeding or investigation of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any federal, state, local, foreign or international Governmental
Authority or any arbitration or mediation tribunal. 
 “Affiliate” (including, with a
correlative meaning, “affiliated”) means, when used with respect to a specified Person, a Person that directly or indirectly, through one (1) or more intermediaries, controls, is controlled by or is under common control
with such specified Person. For the purpose of this definition, “control” (including with correlative meanings, “controlled by” and “under common control with”), when used with
respect to any specified Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or other interests, by
Contract or otherwise. It is expressly agreed that, from, at and after the Effective Time and for purposes of this Agreement and the TRANSACTION
DOCUMENTS, no member of the Lumentum Group shall be deemed to be an Affiliate of any member of the Viavi Group, and no member of the Viavi Group shall be deemed to be an Affiliate of any
member of the Lumentum Group. 
 “Assets” shall have the meaning set forth in the
CONTRIBUTION AGREEMENT. 
 “Automatic Transfer Employees” means
those JDSU Group Employees engaged in the Lumentum Business whose employment transfers by operation of applicable Law to a member of the Lumentum Group. 

“Benefit Plan” means any contract, agreement, policy, practice, program, plan, or other arrangement providing for
benefits of any nature from an employer to any Employee, or to any family member, dependent, or beneficiary of any such Employee, including profit sharing plans, pension plans, supplemental pension plans, Welfare Plans, stock option, stock purchase,
stock appreciation rights, other equity-based compensation, and contracts, agreements, policies, practices, programs, plans, and arrangements providing for severance benefits, change in control protections or benefits, travel and accident, life,
accidental death and dismemberment, disability and accident insurance, vacation, sick, or other leave plans; provided, however, that the term “Benefit Plan” does not include any government-sponsored benefits, such as
workers’ compensation, unemployment or any similar plans, programs or policies or Individual Agreements. 

  
 1 

 “Board” means the Board of Directors of the applicable entity. 

“COBRA” means the U.S. Consolidated Omnibus Budget Reconciliation Act of 1985, as codified at
Section 601 et seq. of ERISA and at Section 4980B of the Code. 
 “Code” means the Internal
Revenue Code of 1986, as amended. 
 “Continuing Employees” means those Employees whose employment continues with
their current employing entity within the Lumentum Group at and following the Contribution or those JDSU Group Employees whose employment continues with their current employing entity within the Viavi Group as applicable at and following the
Effective Time. 
 “Contract” means any agreement, contract, obligation, indenture, instrument, lease,
promise, arrangement, commitment or undertaking (whether written or oral and whether express or implied). 

“Contribution” shall have the meaning set forth in the CONTRIBUTION
AGREEMENT. 
 “Contribution Agreement” means the CONTRIBUTION
AGREEMENT dated as of [•], 2015, by and between JDSU and Lumentum. 

“Distribution” means the distribution of the issued and outstanding Common Stock of Holdings par value $0.001 to the
holders of issued and outstanding shares of the Common Stock of JDSU as of the Record Date by means of a pro rata distribution of one share of Holdings Common Stock for every five shares of JDSU Common Stock held thereby. 

“Distribution Date” means [•]. 

“Effective Time” means the time at which the Distribution occurs on the Distribution Date, which shall
be deemed to be 12:01 a.m., Pacific time, on the Distribution Date. 
 “Employee” means any JDSU Group
Employee, Lumentum Group Employee or Viavi Group Employee. 
 “ERISA” means the U.S. Employee
Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder. 
 “Exchange
Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC thereunder, all as the same shall be in effect at the time that reference is made. 

“Force Majeure” means, with respect to a party, an event beyond the control of such party (or any Person
acting on its behalf), which by its nature could not reasonably have been foreseen by such party (or such Person), or, if it could have reasonably been foreseen, was unavoidable, and includes acts of God, storms, floods, riots, fires, sabotage,
civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one (1) or more acts of terrorism or failure of energy
sources or distribution facilities. 
 “Former JDSU Group Employee” means any individual who,
immediately prior to the Effective Time, is a former Employee of the JDSU Group (other than any Former Lumentum Group Employee). 

“Former Lumentum Group Employee” means any individual who is (i) immediately prior to the Effective Time, a
former Employee of the JDSU Group whose most recent employment with the JDSU Group was in the Lumentum Business, (ii) a former Employee of the Lumentum Group, or (iii) an individual identified as a Former Lumentum Group Employee on the
list previously prepared by JDSU and supplied to Lumentum, and approved by JDSU in its sole discretion, not later than the Effective Time. 

“Governmental Authority” means any nation or government, any state, municipality or other political
subdivision thereof, and any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign, transnational or multinational, exercising executive, legislative,
judicial, regulatory, administrative or other similar functions of, or pertaining to, government or any executive official thereof. 

  
 2 

 “Group” means the JDSU Group, the Lumentum Group or the Viavi Group, as
the context may dictate. 
 “HIPAA” means the U.S. Health Insurance Portability and Accountability Act
of 1996, as amended, and the regulations promulgated thereunder. 
 “Holdings Board” means the Board
of Directors of Holdings. 
 “Holdings Equity Awards” means, collectively, Holdings Options, Holdings RSU Awards,
and Holdings MSU Awards. 
 “Holdings Equity Plan” means the Holdings 2015 Equity Incentive Plan to be adopted by
Holdings on or prior to the Transfer Date. 
 “Holdings ESPP” means the Holdings 2015 Employee Stock Purchase Plan
to be adopted by Holdings on or prior to the Transfer Date. 
 “Holdings MSU Award” means a performance unit award
(also known as a market stock unit or “MSU” award) granted pursuant to the Holdings Equity Plan in accordance with Section 8.04(b). 

“Holdings Option” means an option to purchase Holdings Shares granted pursuant to the Holdings Equity
Plan in accordance with Section 8.02(b). 
 “Holdings Ratio”
means the quotient obtained by dividing (i) the Pre-Distribution JDSU Stock Price, by (ii) the Post-Distribution Holdings Stock Price. 

“Holdings RSU Award” means a restricted stock unit award granted pursuant to the Holdings Equity Plan in
accordance with Section 8.03(b). 
 “Holdings Share” means a
share of Holdings common stock, par value $0.001 per share. 
 “Individual Agreement” means any individual
(i) employment agreement, (ii) retention, severance or change of control agreement, (iii) expatriate (including any international assignee) contract or agreement (including agreements and obligations regarding repatriation,
relocation, equalization of taxes and living standards in the host country), or (iv) other agreement containing restrictive covenants (including confidentiality and employment-related non-competition and non-solicitation provisions) maintained
by a member of the JDSU Group or a member of the Lumentum Group, as in effect immediately prior to the Effective Time. 

“IRS” means the United States Internal Revenue Service. 

“JDSU” shall have the meaning set forth in the preamble to this Agreement. 

“JDSU 401(k) Plan” means the JDS Uniphase Corporation 401(k) Plan, as amended and restated January 1, 2011. 

“JDSU 401(k) Trust” shall have the meaning set forth in Section 4.07 (b). 

“JDSU Benefit Plan” means any Benefit Plan established, sponsored or maintained by JDSU or any of its
Subsidiaries immediately prior to the Effective Time, excluding any Lumentum Benefit Plan. 
 “JDSU
Board” means the Board of Directors of JDSU. 
 “JDSU Business” shall have the meaning set forth in the
CONTRIBUTION AGREEMENT. 
 “JDSU Compensation Committee” means
the Compensation Committee of the JDSU Board. 
 “JDSU Deferred Compensation Plan” means the JDS Uniphase
Corporation Deferred Compensation Plan, amended and restated as of January 1, 2008. 
 “JDSU Equity Awards”
means, collectively, JDSU Options, JDSU RSU Awards, and JDSU MSU Awards. 
 “JDSU Equity Plan” means
any equity compensation plan sponsored or maintained by JDSU immediately prior to the Effective Time (other than the JDSU ESPP), excluding the Holdings Equity Plan. 

“JDSU ESPP” means the JDS Uniphase Corporation Employee Stock Purchase Plan as in effect immediately prior to the
Effective Time, excluding any Holdings ESPP. 

  
 3 

 “JDSU Group” means JDSU and each Person (other than any member of the
Lumentum Group) that is a Subsidiary of JDSU immediately prior to the Effective Time, which shall include those entities set forth on SCHEDULE 1.1(30) of the CONTRIBUTION
AGREEMENT. 
 “JDSU Group Employee” means an individual who, immediately prior to
the Transfer Date or the Effective Time, (i) is employed by, or, on a leave of absence from, any member of the JDSU Group, or (ii) a Former JDSU Group Employee. 

“JDSU MSU Award” means a performance unit award (also known as a market stock unit or “MSU” award) granted
under a JDSU Equity Plan that is outstanding immediately prior to the Effective Time. 
 “JDSU Non-U.S. Retirement
Plan” means a JDSU Benefit Plan, the primary purpose of which is to provide retirement benefits to JDSU Group Employees, Former JDSU Group Employees, and, as applicable, Lumentum Group Employees and Former Lumentum Group Employees, who
are or were employed by a non-U.S. Subsidiary of JDSU. 
 “JDSU Option” means a stock option to
purchase JDSU Shares, granted pursuant to a JDSU Equity Plan, that is outstanding as of immediately prior to the Effective Time. 

“JDSU Rabbi Trust” means the grantor trust established by JDSU with T. Rowe Price Trust Company,
effective July 1, 2001, pursuant to the JDSU Deferred Compensation Plan. 
 “JDSU RSU
Award” means a restricted stock unit award, granted pursuant to a JDSU Equity Plan, that is outstanding as of immediately prior to the Effective Time. 

“JDSU Share” means a share of JDSU common stock, par value $0.001 per share. 

“JDSU Variable Compensation Plans” means any variable incentive compensation plan, program or arrangement sponsored by
JDSU or a Subsidiary of JDSU, excluding any Lumentum Variable Compensation Plan, pursuant to which an Employee is eligible to receive a cash award, subject in whole or in part to the achievement of performance goals over a period of no more than one
(1) year, including without limitation the JDSU FY2015 Variable Pay Plan and the FY2014 JDSU CCOP Sales Incentive Plan. 

“JDSU Welfare Plan” means any Welfare Plan established, sponsored, maintained or contributed to by JDSU or any of its
Subsidiaries for the benefit of JDSU Group Employees and as applicable Lumentum Group Employees, including each Welfare Plan listed on SCHEDULE A to this Agreement but excluding any Lumentum Welfare Plan. 

“Law” means any national, foreign, international, multinational, supranational, federal, state, provincial, local or
similar law (including common law), statute, code, order, directive, guidance, ordinance, rule, regulation, treaty (including any income tax treaty), license, permit, authorization, approval, consent, decree, injunction, binding judicial or
administrative interpretation or other requirement, in each case, enacted, promulgated, issued or entered by a Governmental Authority. 

“Liabilities” means any and all debts, guarantees, liabilities, costs, expenses, interest and obligations, whether
accrued or fixed, absolute or contingent, matured or unmatured, reserved or unreserved, or determined or determinable, including those arising under any Law, claim (including any third Person product liability claim or claim arising in connection
with a Benefit Plan), demand, Action, whether asserted or unasserted, or order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority and those arising under any Contract, release or
warranty, or any fines, damages or equitable relief that is imposed, in each case, including all costs and expenses relating thereto. 

“Lumentum” shall have the meaning set forth in the preamble to this Agreement. 

“Lumentum 401(k) Plan” means the Lumentum Inc. 401(k) Plan, to be adopted by Lumentum on or prior to the Transfer Date
as described in Section 4.07(a). 
 “Lumentum 401(k) Trust” shall have the meaning set forth in
Section 4.07(a). 
 “Lumentum Benefit Plan” means any Benefit Plan to be established,
sponsored, maintained or contributed to by a member of the Lumentum Group. 

  
 4 

 “Lumentum Board” means the Board of Directors of Lumentum. 

“Lumentum Business” shall have the meaning set forth in the CONTRIBUTION
AGREEMENT. 
 “Lumentum Deferred Compensation Plan” means the nonqualified
deferred compensation plan to be adopted by Lumentum or any other member of the Lumentum Group. 
 “Lumentum Group”
means Lumentum, Holdings and each Person that is a Subsidiary of Lumentum or Holdings immediately prior to or after the Effective Time, which shall include those entities set forth on SCHEDULE 1.1(39) to the
CONTRIBUTION AGREEMENT and each Person that becomes a Subsidiary of Lumentum or Holdings after the Effective Time. 

“Lumentum Group Employee” means an individual who commences or continues employment with Lumentum, Holdings or one
(1) of their Subsidiaries on and following the Transfer Date or the date of Contribution. 
 “Lumentum
Non-U.S. Retirement Plan” means a Lumentum Benefit Plan, the primary purpose of which is to provide retirement benefits to Lumentum Group Employees and/or Former Lumentum Group Employees who are or were employed by a non-U.S. Subsidiary
of Lumentum or Holdings. 
 “Lumentum Non-U.S. Welfare Plan” means a Lumentum Welfare Plan, the
primary purpose of which is to provide benefits to Lumentum Group Employees and/or Former Lumentum Group Employees who are or were employed by a non-U.S. Subsidiary of Lumentum or Holdings. 

“Lumentum Rabbi Trust” means the trust to be established by Lumentum as described in Section 6.02. 

“Lumentum Variable Compensation Plans” means any variable incentive compensation plan, program or arrangement
sponsored by a member of the Lumentum Group pursuant to which an Employee is eligible to receive a cash award, subject in whole or in part to the achievement of performance goals over a period of no more than one (1) year. 

“Lumentum Welfare Plans” means any Welfare Plan established, sponsored, maintained or contributed to by
any member of the Lumentum Group for the benefit of Lumentum Group Employees. 
 “NASDAQ” means the
NASDAQ Stock Market. 
 “Non-Automatic Transfer Employees” means those Employees who are not Continuing Employees or
Automatic Transfer Employees. 
 “Person” means any individual, corporation, partnership, firm, joint
venture, association, joint-stock company, trust, unincorporated organization, limited liability company, Governmental Authority or other entity. 

“Post-Distribution” shall refer to any period of time as of or after the Effective Time. 

“Post-Distribution Holdings Stock Price” means the VWAP of Holdings Shares for the first four (4) Trading
Sessions immediately following the Distribution Date. 
 “Post-Distribution Viavi Stock Price” means the VWAP of
Viavi Shares for the first four (4) Trading Sessions immediately following the Distribution Date. 
 “Pre-Distribution JDSU
Stock Price” means the VWAP of JDSU Shares for the last four (4) Trading Sessions immediately prior to the Distribution Date. 

“QDRO” means a qualified domestic relations order within the meaning of ERISA Section 206(d) and
Section 414(p) of the Code. 
 “Qualification Requirements” means, in the
aggregate, the tax qualification requirements of Section 401(a) of the Code, the tax exemption requirements of Section 501(a) of the Code, and the requirements described in Sections 401(k) and 401(m) of the Code in respect of a plan
intended to meet such requirements. 
 “Record Date” means the date determined by the JDSU Board as
the record date for the Distribution. 
 “SEC” means the U.S. Securities and Exchange Commission. 

  
 5 

 “Securities Act” means the United States Securities Act of 1933, as
amended, and the rules and regulations of the SEC thereunder, all as the same shall be in effect at the time that reference is made. 

“Separation and Distribution Agreement” means the SEPARATION AND
DISTRIBUTION AGREEMENT dated as of [•], 2015, by and between JDSU, Lumentum, and Holdings. 

“Subsidiary” or “subsidiary” means, with respect to any Person, any corporation,
limited liability company, joint venture or partnership of which such Person (i) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (A) the total combined voting power of all classes of voting
securities of such Person, (B) the total combined equity interests or (C) the capital or profit interests, in the case of a partnership, or (ii) otherwise has the power to vote, either directly or indirectly, sufficient securities to
elect a majority of the board of directors or similar governing body. 
 “Third Party” means a Person
that is not a member of the JDSU Group, the Lumentum Group or the Viavi Group. 
 “Trading Session”
means the period of time during any given calendar day, commencing with the determination of the opening price on the NASDAQ and ending with the determination of the closing price on the NASDAQ, in which “regular-way” trading in JDSU
Shares, Viavi Shares or Holdings Shares (as applicable) is permitted on the NASDAQ. 
 “Transaction
Documents” means this Agreement, the CONTRIBUTION AGREEMENT and the Transfer Documents. 

“Transfer” means the transfer of the employment of (1) a JDSU Group Employee engaged in the Lumentum Business
from a member of the JDSU Group to a member of the Lumentum Group; or (2) an Employee, who is engaged in the JDSU Business but who is employed by a member of the Lumentum Group, to a member of the Viavi Group. 

“Transfer Date” means, with respect to any Employee, the date on which the Transfer of such Employee occurs, which
shall be on or before the Contribution, except as otherwise agreed by the parties in respect of additional transitional services as set out in the SEPARATION AND DISTRIBUTION
AGREEMENT among the parties dated concurrently herewith. 
 “Transfer Documents”
means the Pre-Contribution Transfer Documents, the Post-Contribution JDSU Transfer Documents and the Post-Contribution Lumentum Transfer Documents (each as defined in the CONTRIBUTION AGREEMENT),
including the documents listed on SCHEDULE 1.1(49) of the CONTRIBUTION AGREEMENT. 

“Transferred Account Balances” shall have the meaning set forth in Section 4.01(c). 

“Transfer Regulations” means the Council Directive 2001/23/EC of 12 March 2001 on the approximation
of the laws of the European Union Member States relating to the safeguarding of employees’ rights in the event of transfers of undertakings, businesses or parts of businesses (and its amendments) (collectively, the “Acquired Rights
Directive”) and the legislation and regulations of any EU Member State implementing such Acquired Rights Directive, as well as other Laws providing for an automatic transfer of employment in a business transfer. 

“U.S.” means the United States of America. 

“Viavi” means Viavi Solutions, Inc., the anticipated name of the entity that will continue to operate the JDSU
Business at and following the Effective Time. 
 “Viavi 401(k) Plan” means any JDSU 401(k) Plan, renamed as Viavi
401(k) Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi 401(k) Trust” means any JDSU 401(k) Trust, renamed as Viavi 401(k) Trust and continued in effect by Viavi or
any other member of the Viavi Group at and following the Effective Time. 
 “Viavi Benefit Plan” means any JDSU
Benefit Plan, renamed as Viavi Benefit Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

  
 6 

 “Viavi Board” means the Board of Directors of Viavi. 

“Viavi Deferred Compensation Plan” means any JDSU Deferred Compensation Plan, renamed as Viavi Deferred Compensation
Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 
 “Viavi
Equity Awards” means, collectively, Viavi Options, Viavi RSU Awards, and Viavi MSU Awards. 
 “Viavi Equity
Plan” means any JDSU Equity Plan, renamed as a Viavi Equity Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi ESPP” means any JDSU ESPP, renamed as a Viavi ESPP and continued in effect by Viavi or any other member of the
Viavi Group at and following the Effective Time. 
 “Viavi Group” means Viavi and each Person that is a Subsidiary
of Viavi at or after the Effective Time, which shall include each Person that becomes a Subsidiary of Viavi after the Effective Time. 

“Viavi Group Employee” means those JDSU Group Employees who commence or continue employment with any member of the
JDSU Group or the Viavi Group on and following the Transfer Date or the date of Contribution. 
 “Viavi MSU Award”
means any JDSU MSU Award renamed and converted into a Viavi MSU Award in accordance with Section 8.04(a). 
 “Viavi
Non-U.S. Retirement Plan” means any JDSU Non-U.S. Retirement Plan, renamed as a Viavi Non-U.S. Retirement Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi Option” means any JDSU Option renamed and converted into a Viavi Option in accordance with
Section 8.02(a). 
 “Viavi Rabbi Trust” means any JDSU Rabbi Trust, renamed as Viavi Rabbi Trust and
assumed and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi Ratio” means the quotient obtained by dividing (i) the Pre-Distribution JDSU Stock Price, by
(ii) the Post-Distribution Viavi Stock Price. 
 “Viavi RSU Award” means any JDSU RSU Award
renamed and converted into a Viavi RSU Award in accordance with Section 8.03(a). 
 “Viavi Share” means
a JDSU Share renamed and traded as Viavi Share at and following the Effective Time. 
 “Viavi Welfare Plan” means
any JDSU Welfare Plan, renamed as Viavi Welfare Plan and assumed and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“VWAP” means the volume-weighted average trading price of JDSU Shares, Viavi Shares or Holdings Shares, as applicable,
over the specified Trading Sessions, computed by dividing (i) the aggregate sales price of all such shares sold on the NASDAQ during such Trading Sessions, by (ii) the number of all such shares sold on the NASDAQ during such Trading
Sessions. 
 “Welfare Plan” means any “welfare plan” (as defined in Section 3(1) of
ERISA) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and any other plan offering health benefits (including medical, prescription drug, dental, vision, wellness, mental health, substance
abuse and retiree health), disability benefits, or life, accidental death and dismemberment, and business travel insurance, pre-tax premium conversion benefits, dependent care assistance programs, employee assistance programs, flexible spending
accounts, or severance. 

  
 7 

 Article II 

GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIES

 2.1 General Principles. 

(a) Acceptance and Assumption of Liabilities by Lumentum. Upon the Transfer Date or the date of Contribution, whichever is applicable,
except as provided in this Agreement, the Lumentum Group shall retain or accept, and assume, and agree faithfully to perform, discharge and fulfill the following Liabilities in accordance with their respective terms, regardless of when or where such
Liabilities arose or arise, whether the facts on which they are based occurred prior to, on or subsequent to the Transfer Date, where or against whom such Liabilities are asserted or determined, whether such Liabilities are asserted or determined
prior to the date of this Agreement, and whether such Liabilities arise from or are alleged to arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the JDSU Group or the Lumentum Group, or any of their
respective directors, officers, employees, agents, Subsidiaries or Affiliates: 
 (i) any and all Liabilities with respect to, in relation
to, or for claims made by any Lumentum Group Employees, with the exception of any Liabilities with respect to the claims listed on SCHEDULE B to this Agreement; 

(ii) any and all Liabilities expressly assumed by a member of the Lumentum Group pursuant to this Agreement; and 

(iii) provided, however, that the Lumentum Group’s retention and assumption of Liabilities for claims made by or with respect to
any Lumentum Group Employee in connection with any Benefit Plans (with the exception of any Welfare Plan) are limited to those Benefit Plans that are retained or assumed by a member of the Lumentum Group pursuant to this Agreement, the
CONTRIBUTION AGREEMENT or any other Transaction Document. 
 (b) Acceptance and
Assumption of Liabilities by JDSU and Subsequently by Viavi. Upon the Transfer Date or the date of Contribution, whichever is applicable, except as provided in this Agreement, the JDSU Group (and at and immediately following the Effective Time,
the Viavi Group) shall retain or accept, and assume, and agree faithfully to perform, discharge and fulfill the following Liabilities in accordance with their respective terms, regardless of when or where such Liabilities arose or arise, whether the
facts on which they are based occurred prior to, on or subsequent to the Transfer Date, where or against whom such Liabilities are asserted or determined, whether such Liabilities are asserted or determined prior to the date of this Agreement, and
whether such Liabilities arise from or are alleged to arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the JDSU Group or the Lumentum Group, or any of their respective directors, officers, employees,
agents, Subsidiaries or Affiliates: 
 (i) any and all Liabilities with respect to, in relation to, or for claims made by any Viavi Group
Employees; 
 (ii) any and all Liabilities expressly assumed by a member of the JDSU Group pursuant to this Agreement, including any and
all Liabilities with respect to the claims listed on SCHEDULE B to this Agreement ; 
 (iii)
provided, however, that JDSU’s (and subsequently Viavi’s) retention and assumption of Liabilities for claims made by or with respect to any JDSU Group Employee in connection with any Benefit Plans (with the exception of any Welfare
Plan) are limited to those Benefit Plans that are retained or assumed by a member of the JDSU Group (and subsequently by a member of the Viavi Group) pursuant to this Agreement, the CONTRIBUTION
AGREEMENT or any other Transaction Document; and 
 (iv) provided further that any and all
Liabilities for claims made by or with respect to any Lumentum Group Employees in connection with any Welfare Plan, whether such plan is maintained by a member of the JDSU Group or a member of the Lumentum Group, will be retained and assumed by a
member of the JDSU Group and subsequently by an equivalent member of the Viavi Group if the service provided to the Employee was incurred while employed by a member of the JDSU Group. 

(c) Other Allocation of Liabilities. To the extent that this Agreement does not address particular Liabilities under any Benefit Plan
and the parties later determine that they should be allocated in connection with the Distribution, Contribution and/or the Transfer (whether on the Distribution Date, the date of the Contribution or the Transfer Date), the parties shall agree in
good faith on the allocation, taking into account the handling of comparable Liabilities under this Agreement. 

  
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 2.2 Service Credit. 

(a) Recognition of Seniority by Lumentum. Lumentum shall, and shall cause the applicable member of the Lumentum Group to, recognize
each Lumentum Group Employee’s service with JDSU or any of its Subsidiaries or predecessor entities before the Transfer Date for all purposes including with respect to those Lumentum Benefit Plans adopted or maintained by the Lumentum Group on
or as of the Distribution Date, unless as otherwise set forth in this Agreement. Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect to each Lumentum
Group Employee. The recognition of seniority herein shall be subject to any respectively applicable “service bridging,” “break in service,” “employment date” or “eligibility date” rules under the JDSU Benefit
Plans or Lumentum Benefit Plans. 
 (b) Recognition of Seniority by Viavi. JDSU shall, and shall cause the applicable member of the
Viavi Group to, recognize each Viavi Group Employee’s service with JDSU or any of its Subsidiaries or predecessor entities before the Transfer Date for all purposes including with respect to those Viavi Benefit Plans adopted or maintained by
the Viavi Group on or as of the Distribution Date, unless as otherwise set forth in this Agreement. Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect
to each Viavi Group Employee. The recognition of seniority herein shall be subject to any respectively applicable “service bridging,” “break in service,” “employment date” or “eligibility date” rules under the
JDSU Benefit Plans or Viavi Benefit Plans. 
 (c) No Acceleration or Duplication of Benefits. No Lumentum Group Employee or Viavi
Group Employee shall receive any of the service credit provided above if such credit would result in acceleration or duplication of benefits. 

2.3 Collective Bargaining. JDSU and Lumentum and their respective Subsidiaries shall comply with all obligations under
applicable Law to notify and/or consult with Employees or employee representatives, unions, works councils or other employee representative bodies, if any, in respect of the Contribution Agreement and the Transfer, and shall provide such information
to the other party as is reasonably required by that party to comply with its notification and/or consultation obligations. Any Liabilities resulting from the failure by one party to comply with such obligations shall be borne by such party. 

2.4 Non-U.S. Regulatory Compliance. JDSU shall have the authority to adjust the treatment described in this Agreement
with respect to Lumentum Group Employees who are located outside of the United States in order to ensure compliance with the applicable Laws or regulations of countries outside of the United States or to preserve the tax benefits provided under
local tax Law or regulation before the Distribution. 
 Article III 

ASSIGNMENT OF EMPLOYEES 

3.1 Employee Information. Upon the Transfer Date or earlier if required by mandatory consultation and notification
requirements under applicable Law, JDSU (or Viavi, if applicable) shall provide Lumentum with all information reasonably required by Lumentum that relates to all Employees who will be transferred to Lumentum or another member of the Lumentum Group
and become Lumentum Group Employees as of the Transfer Date, including but not limited to their names, locations, employing entities, titles, classifications (where applicable), hire dates (or dates of recognized seniority), and current base
salaries. 
 3.2 Cooperation in Employee Transfers. The parties shall take all actions necessary to ensure that all
JDSU Group Employees intended to be Lumentum Group Employees are or will be employed by Lumentum or another member of the Lumentum Group as of the Transfer Date, and that all JDSU Group Employees intended to be Viavi Group Employees are or will be
employed by Viavi or another member of the Viavi Group as of the Effective Time. 
 3.3 Employee Transfers. 

(a) Continuing Employees. Continuing Employees shall not be terminated upon the Effective Time, but rather the rights, powers, duties,
liabilities and obligations of JDSU or the relevant Subsidiary of JDSU to such Employees in respect of their relevant terms of employment in force immediately before the Effective Time shall remain with Lumentum or one (1) of its Subsidiaries
or Viavi or one (1) of its Subsidiaries as required by applicable Law or this Agreement. 

  
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 (b) Automatic Transfer Employees. Automatic Transfer Employees shall not be terminated
upon the Transfer Date, but rather the rights, powers, duties, liabilities and obligations of JDSU or the relevant Subsidiary of JDSU to such Employees in respect of their relevant terms of employment in force immediately before the Transfer Date
shall be transferred to Lumentum or one (1) of its Subsidiaries by operation of applicable Law. 
 (c) Non-Automatic Transfer
Employees. 
 (i) Effective on the Transfer Date, Non-Automatic Transfer Employees engaged in the Lumentum Business shall transfer
through termination or resignation and rehire, or through jointly agreed-upon transfer, as applicable in the relevant jurisdiction, to Lumentum or one (1) of its Subsidiaries. For such Non-Automatic Transfer Employees, Lumentum or its relevant
Subsidiary shall offer employment to each such Employee effective on the Transfer Date, with each such offer to provide the Employee with the same general work location and the same base salary as is in effect immediately prior to the Transfer Date
and otherwise on substantially the same terms and conditions of employment in the aggregate as was provided by JDSU or its relevant Subsidiary immediately prior to the Transfer Date. 

(ii) Effective on the Transfer Date, Non-Automatic Transfer Employees engaged in the JDSU Business but employed by a member of the Lumentum
Group shall transfer through termination or resignation and rehire, or through jointly agreed-upon transfer, as applicable in the relevant jurisdiction, to an entity that will become a member of the Viavi Group upon the Distribution. For
Non-Automatic Transfer Employees who are intended to become Viavi Group Employees, JDSU or its relevant Subsidiary shall offer employment to each such Employee effective on the Transfer Date specified earlier in this paragraph, with each such offer
to provide the Employee with the same general work location and the same base salary as is in effect immediately prior to such a date and otherwise on substantially the same terms and conditions of employment in the aggregate as was provided by JDSU
or its relevant Subsidiary immediately prior to the Transfer Date. 
 (d) Cooperation. Each of the parties agrees to execute, and to
seek to have the applicable Employees execute, such documentation, if any, as may be necessary to reflect the relevant continuation and/or transfers of employment described in this section. 

(e) Transfers of Employment Benefits. The parties agree that with respect to any transfers of employment, they will cooperate for the
transfer of benefits under principles consistent with this Agreement to the extent possible; provided, that where vendor or legal issues exist, neither party shall be liable for the failure to replicate in such circumstances. 

(f) At-Will Status. Nothing in this Agreement shall create any obligation on the part of any member of the JDSU Group, any member of
the Viavi Group, or any member of the Lumentum Group to (i) continue the employment of any Employee after the date of this Agreement (except as required by applicable Law or contracts) or (ii) change the “at will” employment
status of any U.S. Employee, to the extent that such Employee is an “at-will” employee under applicable Law and is not otherwise entitled to continued employment under any applicable contracts. 

(g) No Termination of Employment. In no event shall any administrative action taken by either party and/or their third party
record-keeper, payroll agent, and/or plan trustee or administrator, to effectuate the transfer of employment pursuant to this section, including the identification of JDSU Group Employees as “terminated” in JDSU’s electronic systems,
or the electronic systems of any third party record-keeper, payroll agent, and/or plan trustee or administrator, be deemed to be a termination of any JDSU Group Employee’s employment for any purpose unless otherwise required by applicable Law.
The parties acknowledge and agree that the continuation or transfer of the employment of Employees as contemplated by this section shall not entitle any JDSU Group Employees or Lumentum Group Employees to separation payments, benefits or rights of
any kind unless otherwise required by applicable Law. 
 (h) Not a Change of Control/Change in Control. The parties acknowledge and
agree that neither the consummation of the Transfer nor any transaction contemplated by this Agreement, the CONTRIBUTION AGREEMENT or any other Transaction Document shall be deemed to be a
“change of control,” “change in control,” or term of similar import for purposes of any Benefit Plan or Individual Agreement sponsored or maintained by any member of the JDSU Group. 

  
 10 

 3.4 Assignment of Individual Agreements. The existing employer of any
Automatic Transfer or Non-Automatic Transfer Employee shall assign to the new employer of such Employee all Individual Agreements to the extent permissible by applicable Law or the terms of such agreements. 

3.5 Treatment of Vacation. The accrued but unused vacation of Continuing Employees, Automatic Transfer Employees and
Non-Automatic Transfer Employees shall continue or carry over to the Employee’s new employing entity, to the extent permitted by applicable Law. 

3.6 Employee Transfer Or Termination Costs. To the extent the transfer of JDSU Group Employees pursuant to the terms of
this Agreement triggers any payout of notice, severance, termination indemnities or similar payments, such payments if triggered prior to the Distribution, will be retained, accepted and/or assumed by the JDSU Group. However, any such payments
associated with those JDSU Group Employees engaged in the Lumentum Business or otherwise anticipated by the parties to transfer to the Lumentum Group in connection with the Distribution shall be treated as a Corporate Contingent Liability as defined
in the CONTRIBUTION AGREEMENT and shall be subject to the treatment of Corporate Contingent Liabilities as set out in the CONTRIBUTION AGREEMENT.

 Article IV 

U.S. WELFARE PLANS AND 401(K) PLAN 

4.1 Lumentum Welfare Plans. 

(a) Establishment of Lumentum Welfare Plans. Effective as of the Distribution Date, Lumentum shall, or shall cause the applicable
member of the Lumentum Group to, establish the Lumentum Welfare Plans. 
 (b) Waiver of Conditions; Benefit Maximums. Lumentum shall
use commercially reasonable efforts to cause the Lumentum Welfare Plans to: 
 (i) with respect to initial enrollment and coverage of the
Lumentum Group Employees as of the Distribution Date, waive (i) all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to any such Lumentum Group
Employee, other than limitations that were in effect with respect to such Lumentum Group Employee under the applicable JDSU Welfare Plans as of immediately prior to the Distribution Date, and (ii) any waiting period limitation or evidence of
insurability requirement applicable to such Lumentum Group Employee other than limitations or requirements that were in effect with respect to such Lumentum Group Employee under the applicable JDSU Welfare Plans as of immediately prior to the
Distribution Date; and 
 (ii) for any Lumentum Group Employee, take into account, (i) with respect to monthly, annual, lifetime, or
similar maximum benefits available under the Lumentum Welfare Plans, such Employee’s prior claim experience under the JDSU Welfare Plan; and (ii) any eligible expenses incurred by such Employee and his or her covered dependents during the
portion of the plan year of the applicable JDSU Welfare Plan ending as of the Distribution Date, as applicable, under the applicable Lumentum Welfare Plan for purposes of satisfying all deductible, coinsurance, and maximum out-of-pocket requirements
applicable to such Employee and his or her covered dependents for the applicable plan year to the same extent as such expenses were taken into account by JDSU for similar purposes prior to the Distribution Date and as if such amounts had been paid
in accordance with such Lumentum Welfare Plan. 
 (c) Flexible Spending Accounts. With respect to each Lumentum Group Employee, the
parties shall use commercially reasonable efforts to ensure that as of the Distribution Date, as applicable, any health or dependent care flexible spending accounts of such Lumentum Group Employee (whether positive or negative) (the
“Transferred Account Balances”) under JDSU Welfare Plans that are health flexible spending account plans or dependent care flexible spending account plans are transferred, as soon as practicable after the Distribution Date,
as applicable, from the JDSU Welfare Plans to the corresponding Lumentum Welfare Plans. Such Lumentum Welfare 

  
 11 

 
Plans shall assume responsibility as of the Distribution Date, as applicable, for all outstanding health flexible spending claims or dependent care claims under the corresponding JDSU Welfare
Plans of each Lumentum Group Employee for the calendar year in which the Distribution Date, as applicable, occurs and shall assume and agree to perform the obligations of the corresponding health flexible spending account plans and dependent care
flexible spending account plans that are JDSU Welfare Plans from and after the Distribution Date, as applicable. With respect to each Automatic Transfer Employee and Non-Automatic Transfer Employee that become members of the Lumentum Group as of the
Distribution Date, all non-flexible spending claims and non-dependent care flexible spending claims shall be the responsibility of their employer at the time the claim was incurred. 

4.2 COBRA and HIPAA. JDSU shall continue to be responsible for complying with, and providing coverage pursuant to, the
health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the JDSU Welfare Plans with respect to any JDSU Group Employee and Lumentum Group Employee who incur a
qualifying event under COBRA before the Distribution Date. Effective as of the Distribution Date with respect to any Lumentum Group Employee, Lumentum shall assume responsibility for complying with, and providing coverage pursuant to, the health
care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Lumentum Welfare Plans with respect to any such Lumentum Group Employee who incur a qualifying event or
loss of coverage under the Lumentum Welfare Plans as of, or after the Distribution Date, as applicable. 
 4.3 Insurance
Contracts. To the extent that any JDSU Welfare Plan is funded through the purchase of an insurance contract or is subject to any stop loss contract, the parties will cooperate and use their commercially reasonable efforts to replicate such
insurance contracts for Lumentum (except to the extent that changes are required under applicable Laws or filings by the respective insurers) and to maintain any pricing discounts or other preferential terms for both JDSU and Lumentum for a
reasonable term. Neither party shall be liable for failure to obtain such insurance contracts, pricing discounts, or other preferential terms for the other party. Each party shall be responsible for any additional premiums, charges, or
administrative fees that such party may incur pursuant to this section. 
 4.4 Third-Party Vendors. Except as provided
below, to the extent that any JDSU Welfare Plan is administered by a third-party vendor, the parties will cooperate and use their commercially reasonable efforts to replicate any contract with such third-party vendor for Lumentum and to maintain any
pricing discounts or other preferential terms for both JDSU and Lumentum for a reasonable term. Neither party shall be liable for failure to obtain such pricing discounts or other preferential terms for the other party. Each party shall be
responsible for any additional premiums, charges, or administrative fees that such party may incur pursuant to this section. 

4.5 Fringe Benefits. Effective as of the Distribution Date, Lumentum shall adopt fringe benefit arrangements, if any, as
it deems to be appropriate. 
 4.6 Workers’ Compensation. The treatment of workers’ compensation in
connection with the Transfer shall be governed by the CONTRIBUTION AGREEMENT. 

4.7 Lumentum 401(k) Plan. 

(a) Establishment of Plan. Effective as of the Distribution Date, Lumentum shall establish the Lumentum 401(k) Plan and a related trust
(the “Lumentum 401(k) Trust”) which shall be intended to meet the Qualification Requirements (including under sections 401(k) and (m) of the Code). Prior to the transfer of Lumentum Group Employee’s assets in the
JDSU 401(k) Plan to the Lumentum 401(k) plan, Lumentum shall provide JDSU with (i) a copy of the Lumentum 401(k) Plan and Lumentum 401(k) Trust; and (ii) a copy of certified resolutions of the Lumentum Board (or its authorized committee or
other delegate) evidencing adoption of the Lumentum 401(k) Plan and Lumentum 401(k) Trust and the assumption by the Lumentum 401(k) Plan of the JDSU 401(k) Plan assets being transferred. 

(b) Transfer of Account Balances. Effective as soon as practicable following the Distribution Date (or such other times as mutually
agreed to by the parties), JDSU shall cause the trustee of the JDSU 401(k) Plan to transfer from the trust which forms a part of the JDSU 401(k) Plan (the “JDSU 401(k) Trust”) to the Lumentum 401(k) Trust, the account
balances of such persons under the JDSU 401(k) Plan, determined as of the 

  
 12 

 
date of the transfer. The parties shall work in concert to facilitate such transfers being made in kind, including promissory notes evidencing the transfer of outstanding loans. Any Asset
and Liability transfers pursuant to this section shall comply in all respects with Sections 414(l) and 411(d)(6) of the Code. The parties agree that to the extent that any assets are not transferred in kind, the assets transferred will be mapped
into an appropriate investment vehicle. 
 (c) Lumentum 401(k) Plan Provisions. The Lumentum 401(k) Plan shall provide that: 

(i) Lumentum Group Employees shall be eligible to participate in the Lumentum 401(k) Plan as soon as practicable following the Distribution
and the adoption of the Lumentum 401(k) Plan; 
 (ii) the account balance of each Lumentum Group Employee under the JDSU 401(k) Plan as of
the date of the transfer of Assets from the JDSU 401(k) Plan (including any outstanding promissory notes relating to outstanding loans) shall be credited to such individual’s account under the Lumentum 401(k) Plan; and 

(iii) the Lumentum 401(k) Plan shall assume and honor the terms of all QDRO’s in effect under the JDSU 401(k) Plan in respect of
Lumentum Group Employees as of immediately prior to the Distribution. 
 (d) Plan Fiduciaries. For all periods after the Distribution
Date, the parties agree that the applicable fiduciaries of each of the Viavi 401(k) Plan and the Lumentum 401(k) Plan, respectively, shall have the authority with respect to the Viavi 401(k) Plan and the Lumentum 401(k) Plan, respectively, to
determine the investment alternatives, the terms and conditions with respect to those investment alternatives and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents. 

(e) No Distributions. The JDSU 401(k) Plan shall be amended to prevent any Lumentum Group Employee from being entitled to a right to a
distribution of his or her benefit under the JDSU 401(k) Plan as a result of his or her transfer of employment from the JDSU Group to the Lumentum Group. 

4.8 Recognition of Service. The Lumentum Welfare Plans and 401(k) Plan shall, and Lumentum shall recognize each Lumentum
Group Employee’s service with JDSU at or before the Transfer Date, with respect to such Lumentum Plans adopted or maintained by Lumentum on or as of the Distribution Date or as otherwise required by applicable Law, to the same extent that such
service was recognized by JDSU for similar purposes prior to the Distribution Date. Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect to each Lumentum
Group Employee. The service crediting provisions shall be subject to any respectively applicable “service bridging,” “break in service,” “employment date” or “eligibility date” rules under the JDSU Welfare and
401(k) Plans or Lumentum Welfare and 401(k) Plans. Except as required by applicable Law, the Lumentum Welfare Plans and 401(k) Plan shall not recognize service with JDSU for periods on or after the Transfer Date. 

Article V 

NON-U.S. WELFARE PLANS AND 401(K) PLAN 

5.1 Establishment of Lumentum Non-U.S. Welfare Plans. Lumentum shall, or shall cause its relevant Subsidiary to,
establish one (1) or more Lumentum Non-U.S. Welfare Plans, provided that Lumentum may limit participation in such plans to those Lumentum Group Employees who participated in the corresponding JDSU Welfare Plans immediately prior to the
Transfer Date. 
 (a) Waiver of Conditions; Benefit Maximums. Lumentum shall use commercially reasonable efforts to cause the
Lumentum Non-U.S. Welfare Plans to: 
 (i) with respect to initial enrollment and coverage of the Lumentum Group Employees as of the
Distribution Date, waive (i) all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to any such Lumentum Group Employee, other than limitations that
were in effect with respect to such Lumentum Group Employee under the applicable JDSU Non-U.S. Welfare Plans as of immediately prior to the Distribution Date, and (ii) any waiting period limitation or evidence of insurability requirement
applicable to such Lumentum Group Employee other than limitations or requirements that were in effect with respect to such Lumentum Group Employee under the applicable JDSU Non-U.S. Welfare Plans as of immediately prior to the Distribution Date; and

  
 13 

 (ii) for any Lumentum Group Employee, take into account, (i) with respect to monthly,
annual, lifetime, or similar maximum benefits available under the Lumentum Non-U.S. Welfare Plans, such Employee’s prior claim experience under the JDSU Non-U.S. Welfare Plan; and (ii) any eligible expenses incurred by such Employee and
his or her covered dependents during the portion of the plan year of the applicable JDSU Non-U.S. Welfare Plan ending as of the Distribution Date, as applicable, under the applicable Lumentum Non-U.S. Welfare Plan for purposes of satisfying all
deductible, coinsurance, and maximum out-of-pocket requirements applicable to such Employee and his or her covered dependents for the applicable plan year to the same extent as such expenses were taken into account by JDSU for similar purposes prior
to the Distribution Date and as if such amounts had been paid in accordance with such Lumentum Non-U.S. Welfare Plan. 
 5.2
Establishment of Lumentum Non-U.S. Retirement Plans. Lumentum shall, or shall cause its relevant Subsidiary to, establish one (1) or more Non-U.S. Retirement Plans, provided that Lumentum may limit participation in such plans
to those Lumentum Group Employees who participated in the corresponding JDSU Non-U.S. Retirement Plans immediately prior to the Transfer Date. 

(a) Transfer of Non-U.S. Retirement Plan Assets and Liabilities. After a Lumentum Non-U.S. Retirement Plan is established in accordance
with this Section 5.02, then, with respect to each of the countries or entities listed in SCHEDULE C, except as otherwise provided in this Agreement, the Assets and Liabilities determined as of
the Transfer Date under the corresponding JDSU Non-U.S. Retirement Plan attributable to Lumentum Group Employees and Former Lumentum Group Employees who are participants in that plan, along with any other Assets and Liabilities that Lumentum agrees
to assume with respect to such plan, shall be transferred to the applicable Lumentum Non-U.S. Retirement Plan. Each JDSU Non-U.S. Retirement Plan shall retain all Assets and Liabilities related to JDSU Group Employees, and Former JDSU Group
Employees. Assets will be allocated between the plans based on the proportion of Liabilities borne by each plan. Such Liabilities will be valued as of the Transfer Date using the projected benefit obligation based on the provisions of the applicable
JDSU Non-U.S. Retirement Plan as in effect on the Transfer Date and applying demographic and other assumptions used in the most recently completed valuation of the applicable JDSU Non-U.S. Retirement Plan. The parties agree to use commercially
reasonable efforts to accomplish each transfer as soon as practicable following the Transfer Date and to cooperate with each other to make such filings and disclosures and obtain such approvals as may be deemed to be necessary or advisable in
accordance with applicable Law. 
 (b) Lumentum Non-U.S. Retirement Plan Provisions. Each Lumentum Non-U.S. Retirement Plan shall
provide, except as otherwise provided in this Agreement and the CONTRIBUTION AGREEMENT, that: 

(i) Lumentum Group Employees and Former Lumentum Group Employees shall (A) be eligible to participate in such Lumentum Non-U.S.
Retirement Plan to the extent that they were eligible to participate in the corresponding JDSU Non-U.S. Retirement Plan as of the Transfer Date, and (B) receive credit for vesting, eligibility and benefit service for all service credited for
those purposes under the corresponding JDSU Non-U.S. Retirement Plan as if that service had been rendered to the Lumentum Group; 
 (ii)
the compensation paid by the JDSU Group to a Lumentum Group Employee or a Former Lumentum Group Employee that is recognized under the applicable JDSU Non-U.S. Retirement Plan shall be credited and recognized for all applicable purposes under the
corresponding Lumentum Non-U.S. Retirement Plan as though it were compensation from the Lumentum Group; and 
 (iii) the accrued benefit of
each Lumentum Group Employee or Former Lumentum Group Employee under the applicable JDSU Non-U.S. Retirement Plan that is transferred to the corresponding Lumentum Non-U.S. Retirement Plan pursuant to Section 5.02(a) shall be paid under
such Lumentum Non-U.S. Retirement Plan in accordance with the terms of such Lumentum Non-U.S. Retirement Plan and applicable Law, with employment by the JDSU Group treated as employment by the Lumentum Group under the Lumentum Non-U.S. Retirement
Plan for purposes of determining eligibility for optional forms of benefit, early retirement benefits, or other benefit forms. 
 (c)
JDSU Non-U.S. Retirement Plans. On and after the Transfer Date, no Lumentum Group Employees shall participate in or accrue any benefits under the JDSU Non-U.S. Retirement Plans. JDSU, or Viavi, shall continue to be responsible for Liabilities
in respect of Viavi Group Employees under the Viavi Non-U.S. Retirement Plans. 

  
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 Article VI 

NONQUALIFIED DEFERRED COMPENSATION 

6.1 Deferred Compensation Plan. 

(a) Establishment of Lumentum Deferred Compensation Plan. Effective on or as soon as practicable following the Transfer Date, Lumentum
shall establish the Lumentum Deferred Compensation Plan. Upon such establishment, Lumentum shall, and shall cause the Lumentum Deferred Compensation Plan to, assume all Liabilities under the JDSU Deferred Compensation Plan for the account balances
and accrued benefits of Lumentum Group Employees, and JDSU and the JDSU Deferred Compensation Plan shall be relieved of all such Liabilities. 

(b) JDSU Deferred Compensation Plan. From and after the establishment of the Lumentum Deferred Compensation Plan, no Lumentum Group
Employee shall participate in or accrue any benefits under the JDSU Deferred Compensation Plan. JDSU or Viavi shall continue to be responsible for Liabilities in respect of Viavi Group Employees under the Viavi Deferred Compensation Plan. 

6.2 Rabbi Trust. Effective on or as soon as practicable following the Transfer Date, Lumentum shall, or shall cause
another member of the Lumentum Group to, adopt the Lumentum Rabbi Trust. In connection with the establishment by Lumentum of the Lumentum Deferred Compensation Plan and the assumption by Lumentum and the Lumentum Deferred Compensation Plan of the
Liabilities under the JDSU Deferred Compensation Plan in respect of the Lumentum Group Employees, on or as soon as practicable following the Transfer Date, JDSU shall, or shall cause the JDSU Rabbi Trust to, transfer in kind to the Lumentum Rabbi
Trust the account balances of Lumentum Group Employees covered by the Lumentum Deferred Compensation Plan. 
 6.3 Participant
Elections. Any election made by a Lumentum Group Employee under the JDSU Deferred Compensation Plan, including without limitation those with respect to compensation deferral, investments, optional forms of benefit, benefit commencement and
beneficiaries, shall be recognized for the same purposes under the Lumentum Deferred Compensation Plan. No new elections shall be permitted under the Lumentum Deferred Compensation Plan as a result of the Transfer. 

6.4 Participation; Distributions. The parties acknowledge that none of the transactions contemplated by this Agreement,
the CONTRIBUTION AGREEMENT or any Transaction Document will trigger a payment or distribution of compensation under the JDSU Deferred Compensation Plan or the Lumentum Deferred Compensation Plan.

 6.5 Top Hat Filing. To the extent applicable, with respect to the Lumentum Deferred Compensation Plan, Lumentum
shall make the filing described under Dept. of Labor Reg. § 2520.104-23 within the time prescribed by such regulation. 

Article VII 

VARIABLE COMPENSATION PLANS 

7.1 JDSU Variable Compensation Plans. 

(a) Generally. Lumentum Group Employees covered by the JDSU Variable Compensation Plans shall continue to be eligible to participate in
such plans until immediately prior to the Distribution Date. JDSU shall promptly determine the amount of the awards earned by and payable to such persons under the JDSU Variable Compensation Plans. Payment of the awards shall be made by members of
the Lumentum Group pursuant to and consistent with the terms of the applicable JDSU Variable Compensation Plans, and members of the JDSU Group shall reimburse such members of the Lumentum Group for the amount paid, such reimbursement to be made no
more than twenty (20) business days following Lumentum’s notification of the amount of the awards paid to such persons. Regardless of the method by which such awards are paid to Lumentum Group Employees and notwithstanding anything
contrary in this Agreement, the JDSU Group shall retain and agree faithfully to perform, discharge and fulfill any and all Liabilities with respect to, in relation to, or for claims made by any Lumentum Group Employees with respect to awards earned
and payable under the JDSU Variable Compensation Plans. 
 (b) Payment of Earned Awards. The parties agree that Lumentum Group
Employees who have earned any amount of awards under the applicable JDSU Variable Compensation Plans prior to the Distribution Date shall be entitled to receive payment of such awards notwithstanding any requirement in the applicable JDSU Variable
Compensation Plans that the Employee remains employed by JDSU on the date of the payment. 

  
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 7.2 Lumentum Variable Compensation Plans. Prior to or promptly after the
Transfer Date, Lumentum shall use commercially reasonable efforts to establish Lumentum Variable Compensation Plans. The Lumentum Group shall be solely responsible for establishing performance metrics, funding, paying, and discharging all
obligations relating to any variable compensation awards under the Lumentum Variable Compensation Plans, and no member of the JDSU Group or Viavi Group shall have any rights or obligations with respect thereto. 

Article VIII 

EQUITY BASED COMPENSATION 

8.1 General Principles. 

(a) Generally. Each JDSU Equity Award that is outstanding as of immediately prior to the Effective Time shall be adjusted as described
below; provided, however, that the JDSU Compensation Committee may provide for different adjustments with respect to some or all JDSU Equity Awards to the extent that the JDSU Compensation Committee deems such adjustments to be
necessary and appropriate. Any adjustments made by the JDSU Compensation Committee pursuant to the foregoing sentence shall be deemed to have been incorporated by reference herein as if fully set forth below and shall be binding on the parties and
their respective Affiliates. 
 (b) Continuation of JDSU Equity Plans as Viavi Equity Plans. At the Effective Time, Viavi will take
all action necessary to assume or continue the JDSU Equity Plan and the JDSU ESPP as the Viavi Equity Plan and the Viavi ESPP, respectively. 

(c) Establishment of the Holdings Equity Plan. Prior to the Effective Time, Holdings shall adopt the Holdings Equity Plan under which
the Holdings Equity Awards shall be assumed or substituted in conversion of the corresponding JDSU Equity Awards held by Lumentum Group Employees. To the extent necessary for any such Holdings Equity Awards to qualify for transitional relief under
Treasury Regulation Section 1.162-27(f)(4)(iii), the JDSU Compensation Committee shall take the necessary action to approve the Holdings Equity Plan and the Holdings Equity Awards. 

(d) Equity Awards Subject to Applicable Equity Plan and Award Agreement. From and after the Effective Time, all JDSU Equity Awards
adjusted or converted pursuant to this Article VIII shall be subject to the terms and conditions set forth in the applicable Viavi Equity Plan or Holdings Equity Plan and corresponding award agreements. Without limiting the generality of the
foregoing, from and after the Effective Time, all references to the applicable company in award agreements subject to a Viavi Equity Plan or to the Holdings Equity Plan, as applicable, including but not limited to, “Corporate Transaction,”
“Change in Control” or similar terms and other administrative provisions requiring interpretation shall refer to the appropriate company to reflect the Transfer (e.g., the definition of “Corporate Transaction” under an award
agreement subject to the Holdings Equity Plan shall mean a Corporate Transaction with respect to Holdings rather than Viavi). Except as otherwise provided by this Article VIII, each adjusted Viavi Equity Award or converted Holdings Equity Award
shall be subject to the same terms after the Effective Time as were applicable to the corresponding JDSU Equity award immediately prior to the Effective Time. 

(e) Service Credit. Following the Effective Time, a grantee who has outstanding equity-based awards under one (1) or more of the
Viavi Equity Plans and/or converted equity-based awards under the Holdings Equity Plan shall be considered to have been employed by the applicable plan sponsor before and after the Effective Time for purposes of (i) vesting and
(ii) determining the date of termination of employment as it applies to any such award. The assignment or transfer of employment of any JDSU Group Employee to a member of the Lumentum Group or to another member of the JDSU Group, or the
continuation of employment of any JDSU Group Employee by a member of the Viavi Group will not be deemed a termination of or separation from employment for purposes of any JDSU, Holdings or Viavi Equity Plan. 

(f) Application to Members of JDSU Board. Each JDSU Equity Award held immediately prior to the Effective Time by a member of the JDSU
Board who will continue as a member of the Viavi Board or who will continue as a member of the Holdings Board at the Effective Time shall be adjusted or converted pursuant to this Article VIII in the same manner as a similar award held by a Viavi
Group Employee or a Lumentum Group Employee, as applicable. 

  
 16 

 (g) Cooperation of the Parties. JDSU (and as applicable, Viavi) and Holdings shall take
any and all reasonable actions as shall be necessary and appropriate to further the provisions of this Article VIII, including, without limitation, assisting one another following the Distribution Date with administrative or other support necessary
to comply with applicable Laws in applicable non-U.S. jurisdictions and to the extent practicable, providing written notice or similar communication to each Employee or director who holds one (1) or more JDSU Equity Awards informing such
Employee or director, as applicable, of (i) the actions contemplated by this Article VIII with respect to such awards and (ii) whether (and during what time period) any “blackout” period shall be imposed upon holders of such
awards during which time awards may not be exercised or settled, as the case may be. 
 (h) Compliance with Applicable Law. No award
described in this Article VIII, whether outstanding or to be issued, adjusted, substituted or cancelled by reason of or in connection with the Distribution, shall be adjusted, settled, cancelled, or exercisable, until in the judgment of the
administrator of the applicable plan or program such action is consistent with all applicable Laws, including federal securities Laws. With respect to each outstanding stock option, the period during which such option is exercisable and the ultimate
expiration date of the option will not be extended. The adjustment or conversion of JDSU Equity Awards shall be effected in a manner that is intended to avoid the imposition of any accelerated, additional, penalty or other taxes on the holders
thereof pursuant to Section 409A of the Code. 
 8.2 Stock Options. Each JDSU Option that is outstanding
immediately prior to the Effective Time shall be converted as of the Effective Time into either a Viavi Option or a Holdings Option as follows: 

(a) JDSU Options Held by Viavi Group Employees, Former JDSU Group Employees and Former Lumentum Group Employees. At the
Effective Time, each outstanding JDSU Option held by a Viavi Group Employee, Former JDSU Group Employee or Former Lumentum Group Employee shall be converted into an option for Viavi Shares, outstanding under the Viavi Equity Plan, and shall be
adjusted as follows (a “Viavi Option”): 
 (i) the number of Viavi Shares (rounded down to the nearest whole share)
subject to the Viavi Option will equal (A) the number of JDSU Shares subject to such JDSU Option immediately before the Effective Time multiplied by (B) the Viavi Ratio; and 

(ii) the per-share exercise price (rounded up to the nearest whole cent) of the Viavi Option will equal (A) the per-share exercise price
of such JDSU Option immediately before the Effective Time divided by (B) the Viavi Ratio. 
 (b) JDSU Options Held by Lumentum Group
Employees. At the Effective Time, each outstanding JDSU Option held by a Lumentum Group Employee shall be converted into an option for Holdings Shares under the Holdings Equity Plan, adjusted as follows (a “Holdings
Option”): 
 (i) the number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings Option will
equal (A) the number of JDSU Shares subject to such JDSU Option immediately before the Effective Time multiplied by (ii) the Holdings Ratio; and 

(ii) the per-share exercise price (rounded up to the nearest whole cent) of the Holdings Option will equal (i) the per-share exercise
price of such JDSU Option immediately before the Effective Time divided by (ii) the Holdings Ratio. 
 (c) Adjustment of Market
Price Condition. For purposes of determining the satisfaction of any market price condition applicable to any Viavi Option or Holdings Option that is to be determined over any period of trading days following the Distribution Date, the
applicable market price for any applicable trading day shall be computed as the sum of (i) the closing price of a Viavi Share and (ii) the product of the closing price of a Holdings Share and the ratio of the number of shares of Holdings
Common Stock distributed in the Distribution for every one (1) share of JDSU Common Stock. 
 8.3 Restricted Stock
Units. Each JDSU RSU Award that is outstanding immediately prior to the Effective Time shall be converted as of the Effective Time into either a Viavi RSU Award or a Holdings RSU Award as follows: 

  
 17 

 (a) JDSU RSU Awards Held by Viavi Group Employees, Former JDSU Group Employees and
Former Lumentum Group Employees. At the Effective Time, each outstanding JDSU RSU Award held by a Viavi Group Employee, Former JDSU Group Employee or Former Lumentum Group Employee shall be converted into a restricted stock unit award with
respect to Viavi Shares, outstanding under the Viavi Equity Plan, and shall be adjusted as follows (a “Viavi RSU Award”). The number of Viavi Shares (rounded down to the nearest whole share) subject to the Viavi RSU Award
will equal (i) the number of JDSU Shares subject to such JDSU RSU Award immediately before the Effective Time multiplied by (ii) the Viavi Ratio. 

(b) JDSU RSU Awards Held by Lumentum Group Employees. At the Effective Time or at an employee’s later Transfer Date, if
applicable, each outstanding JDSU RSU Award held by a Lumentum Group Employee shall be converted into restricted stock unit award with respect to Holdings Shares under the Holdings Equity Plan, adjusted as follows (a “Holdings RSU
Award”). The number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings RSU Award will equal (i) the number of JDSU Shares subject to such JDSU RSU Award immediately before the Effective Time
multiplied by (ii) the Holdings Ratio. 
 8.4 Performance Unit Awards. Each JDSU MSU Award that is outstanding
immediately prior to the Effective Time shall be converted as of the Effective Time into either a Viavi MSU Award or a Holdings MSU Award as follows: 

(a) JDSU MSU Awards Held by Viavi Group Employees, Former JDSU Group Employees and Former Lumentum Group Employees. At the
Effective Time, each outstanding JDSU MSU Award held by a Viavi Group Employee, Former JDSU Group Employee or Former Lumentum Group Employee shall be converted into a performance unit award with respect to Viavi Shares, outstanding under the Viavi
Equity Plan, and shall be adjusted as follows (a “Viavi MSU Award”): 
 (i) the target number of Viavi Shares
(rounded down to the nearest whole share) subject to the Viavi MSU Award will equal (A) the target number of JDSU Shares subject to such JDSU MSU Award immediately before the Effective Time multiplied by (B) the Viavi Ratio; and 

(ii) the vesting and performance goals of each Viavi MSU Award shall be adjusted as determined by the Viavi Board. 

(b) JDSU MSU Awards Held by Lumentum Group Employees. At the Effective Time, each outstanding JDSU MSU Award held by a Lumentum Group
Employee shall be converted into a performance unit award with respect to Holdings Shares, outstanding under the Holdings Equity Plan, and shall be adjusted as follows (a “Holdings MSU Award”): 

(i) the target number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings MSU Award will equal (A) the
target number of JDSU Shares subject to such JDSU MSU Award immediately before the Effective Time multiplied by (B) the Holdings Ratio. 

(ii) the vesting and performance goals of each Holdings MSU Award shall be adjusted as determined by the Holdings Board. 

8.5 Employee Stock Purchase Plans. 

(a) JDSU ESPP. The administrator of the JDSU ESPP shall take all actions necessary and appropriate to provide that: 

(i) eligible JDSU Group Employees and eligible Lumentum Group Employees may participate in any offering and purchase periods ending prior to
the Distribution Date; 
 (ii) Lumentum Group Employees will not be eligible to participate in any offering or purchase period under the
Viavi ESPP commencing on or after the Distribution Date; and 
 (iii) the JDSU ESPP shall continue in effect as the Viavi ESPP following
the Effective Time. 
 (b) Establishment of Holdings ESPP. Prior to the Effective Time, Holdings shall adopt the Holdings ESPP. The
administrator of the Holdings ESPP, in its sole discretion, shall determine the jurisdictions offered and the timing of the offering periods under the Holdings ESPP. The Holdings ESPP will include authority to grant options which do not meet the
requirements of Section 423(b) of the Code (as well as options which meet such requirements). 

  
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 8.6 Section 16(b) of the Exchange Act. By approving the adoption of
this Agreement, the respective Board of Directors of each of JDSU, Viavi and Holdings intend to exempt from the short-swing profit recovery provisions of Section 16(b) of the Exchange Act, by reason of the application of Rule 16b-3 thereunder,
all acquisitions and dispositions of equity securities by directors and officers of each of JDSU, Viavi and Holdings contemplated by this Agreement, and the respective Boards of Directors of JDSU, Viavi and Holdings also intend expressly to approve,
in respect of any equity-based award, the use of any method for the payment of an exercise price and the satisfaction of any applicable tax withholding (specifically including the actual or constructive tendering of shares in payment of an exercise
price and the withholding of shares from delivery pursuant to any equity-based award in satisfaction of applicable tax withholding requirements) to the extent such method is permitted under the applicable JDSU Equity Plan, Viavi Equity Plan or
Holdings Equity Plan and any award agreement. 
 8.7 Liability for Grant, Modification or Settlement of Equity Awards.

 (a) Viavi shall be responsible for all liabilities associated with JDSU Equity Awards converted into Viavi Equity Awards, including all
obligations related to the grant, exercise or settlement of such Viavi Equity Awards. 
 (b) Holdings shall be responsible for all
liabilities associated with JDSU Equity Awards converted into Holdings Equity Awards, including all obligations related to the grant, exercise or settlement of such Holdings Equity Awards. 

8.8 Registration and Other Regulatory Requirements. Holdings agrees to prepare and file Form S-8 (or another appropriate
form) registration statement with respect to, and to cause to be registered pursuant to the Securities Act, Holdings Shares authorized for issuance under the Holdings Equity Plan and Holdings ESPP, as required pursuant to the Securities Act, before
the date of issuance of any Holdings Shares pursuant to the Holdings Equity Plan or commencement of any offering period under the Holdings ESPP. The parties shall take such additional actions as are deemed necessary or advisable to effectuate the
foregoing provisions of this section, including compliance with securities Laws and other legal requirements associated with equity awards in applicable non-U.S. jurisdictions or associated with the grant of equity awards or modification or
adjustment of equity awards in connection with the Transfer including assisting one another with administrative or other support following the Transfer Date. 

8.9 Tax Reporting and Withholding. Unless prohibited by applicable Law, following the Effective Time (a) the
Lumentum Group shall be solely responsible for all income, payroll and other tax remittance and reporting related to income recognized by holders of Holdings Equity Awards in respect of their Holdings Equity Awards; and (b) Viavi shall be
solely responsible for all income, payroll and other tax remittance and reporting related to income recognized by holders of Viavi Equity Awards in respect of their Viavi Equity Awards. JDSU (and Viavi, if applicable), Lumentum and Holdings agree to
enter into any necessary agreements regarding the subject matter of this section to enable JDSU, Lumentum, Holdings and Viavi to fulfill their respective obligations hereunder, including but not limited to compliance with all applicable Laws
regarding the reporting, withholding or remitting of income and/or taxes. 
 Article IX 

MISCELLANEOUS 

9.1 Information Sharing and Access. 

(a) Sharing of Information. Subject to any limitations imposed by applicable Law, JDSU (and Viavi, if applicable) (acting directly or
through members of the JDSU Group (or the Viavi Group, if applicable)) or, Holdings and Lumentum (acting directly or through members of the Lumentum Group) shall provide to the others and their respective authorized agents and vendors all
information necessary (including information for purposes of determining benefit eligibility, participation, vesting and calculation of benefits) on a timely basis under the circumstances for the parties to perform their respective duties under this
Agreement. To the extent that such information is maintained by a third party vendor, each party shall use its commercially reasonable best efforts to require the third party vendor to provide the necessary information and assist in resolving
discrepancies or obtaining missing data. 

  
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 (b) Transfer of Personnel Records and Authorization. Subject to any limitation imposed by
applicable Law and to the extent that it has not done so before the Transfer Date, JDSU shall transfer to Lumentum any and all employment records (including any Form I-9, Form W-2 or other IRS forms) with respect to Lumentum Group Employees and
other records reasonably required by Lumentum and Holdings to enable Lumentum and Holdings to properly carry out their obligations under this Agreement. Such transfer of records generally shall occur as soon as administratively practicable at or
after the Transfer Date. Each party will permit the other parties reasonable access to Employee records, to the extent reasonably necessary for such accessing party to carry out its obligations hereunder. 

(c) Access to Records. To the extent not inconsistent with this Agreement, the CONTRIBUTION
AGREEMENT or any applicable privacy protection Laws, reasonable access to Employee-related and Benefit Plan related records after the Distribution Date will be provided to members of the Viavi Group and members of
the Lumentum Group. 
 (d) Maintenance of Records. With respect to retaining, destroying, transferring, sharing, copying and
permitting access to all Employee-related information, JDSU, Holdings, Lumentum and Viavi shall comply with all applicable Laws and internal policies, including each party’s document retention policy; provided that the period for
retention shall be the longest period required by any of the foregoing, as applicable, to such party. Each party shall indemnify and hold harmless the other parties from and against any and all Liabilities that arise from a failure (by the
indemnifying party or its Subsidiaries or their respective agents) to so comply with all applicable Laws and internal policies applicable to such information. 

(e) Cooperation. Each party shall use commercially reasonable best efforts to cooperate and work together to unify, consolidate and
share (to the extent permissible under applicable privacy/data protection Laws) all relevant documents, resolutions, government filings, data, payroll, employment and benefit plan information on regular timetables and cooperate as needed with
respect to (i) any claims under or audit of or litigation with respect to any Employee Benefit Plan, policy or arrangement contemplated by this Agreement, (ii) efforts to seek a determination letter, private letter ruling or advisory
opinion from the IRS or U.S. Department of Labor on behalf of any Employee Benefit Plan, policy or arrangement contemplated by this Agreement, (iii) any filings that are required to be made or supplemented to the IRS, U.S. Pension Benefit
Guaranty Corporation, U.S. Department of Labor or any other Governmental Authority, and (iv) any audits by a Governmental Authority or corrective actions, in either case, relating to any Benefit Plan, labor or payroll practices;
provided, however, that requests for cooperation must be reasonable and not interfere with daily business operations. 
 (f)
Confidentiality. Notwithstanding anything in this Agreement to the contrary, all confidential records and data relating to Employees to be shared or transferred pursuant to this Agreement shall be subject to the CONTRIBUTION
AGREEMENT and the requirements of applicable Law. 
 9.2 Consistency of Tax Positions;
Duplication. JDSU (and Viavi, if applicable), Holdings and Lumentum shall individually and collectively use commercially reasonable efforts to avoid unnecessarily duplicated federal, state or local payroll taxes, insurance or workers’
compensation contributions, or unemployment contributions arising on or after the Transfer Date. JDSU (and Viavi, if applicable), Holdings and Lumentum shall take consistent reporting and withholding positions with respect to any such taxes or
contributions. 
 9.3 Costs. Fees, costs and expenses relating to the establishment of Lumentum Benefit Plans and the
transfer of employment of Lumentum Group Employees shall be borne by JDSU with respect to separation costs incurred or accrued prior to the Transfer Date. Fees, costs and expenses incurred or accrued with respect to third party service providers
relating to the establishment of Lumentum Benefit Plans on or after the Transfer Date relating to such plans and employment transfers of Lumentum Group Employees shall be borne by Lumentum or Holdings. 

9.4 Preservation of Rights to Amend. The rights of each member of the JDSU Group, each member of the Lumentum Group, and
each member of the Viavi Group to amend, waive, or terminate any Benefit Plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement. 

  
 20 

 9.5 Fiduciary Matters. JDSU (and Viavi, if applicable), Holdings and
Lumentum acknowledge that actions required to be taken pursuant to this Agreement may be subject to fiduciary duties or standards of conduct under ERISA or other applicable Law, and no party shall be deemed to be in violation of this Agreement if it
fails to comply with any provisions hereof based upon its good-faith determination (as supported by advice from counsel experienced in such matters) that to do so would violate such a fiduciary duty or standard. Each party shall be responsible for
taking such actions as are deemed to be necessary and appropriate to comply with its own fiduciary responsibilities and shall fully release and indemnify the other parties for any Liabilities caused by the failure to satisfy any such responsibility.

 9.6 Section 409A of the Code. The parties acknowledge that the provisions of the Agreement and the
CONTRIBUTION AGREEMENT shall be interpreted and implemented in a manner to avoid the imposition on Employees of taxes under Section 409A of the Code. If any of the provisions of this Agreement
would result in imposition of taxes and/or penalties under Section 409A of the Code, the parties shall cooperate in good faith to modify the applicable provision in order to comply with the provisions of Section 409A of the Code, other
applicable provisions of the Code and/or any rules, regulations or other regulatory guidance issued under such statutory provisions. Notwithstanding the foregoing, no party nor any of its Subsidiaries or Affiliates shall have any Liability to any
Employee in the event that Section 409A applies to any payment in a manner that results in adverse tax consequences for an Employee. 

9.7 Further Assurances. Each party hereto shall take, or cause to be taken, any and all reasonable actions, including the
execution, acknowledgment, filing and delivery of any and all documents and instruments that any other parties hereto may reasonably request to effect the intent and purpose of this Agreement and the transactions contemplated hereby. 

9.8 Dispute Resolution. The dispute resolution procedures set forth in Article VI of the CONTRIBUTION
AGREEMENT shall apply to any dispute, controversy or claim arising out of or relating to this Agreement. 

9.9 Governing Law; Submission to Jurisdiction; Waiver of Trial. 

(a) This Agreement shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware without giving
effect to the principles of conflicts of law thereof. 
 (b) Each of the parties, on behalf of themselves and the members of their
respective Group, hereby irrevocably (i) agrees that any dispute shall be subject to the exclusive jurisdiction of the state and federal courts located in the State of Delaware, (ii) waives any claims of forum non conveniens, and agrees to
submit to the jurisdiction of such courts and (iii) agrees that service of any process, summons, notice or document by U.S. registered mail to its respective address set forth in Section 9.13 shall be effective service of process
for any litigation brought against it in any such court or for the taking of any other acts as may be necessary or appropriate in order to effectuate any judgment of said courts. 

9.10 Survival of Covenants. Except as expressly set forth in this Agreement or any other Transaction Document, the
covenants and other agreements contained in this Agreement and each other Transaction Document, and Liability for the breach of any obligations contained herein or therein, shall survive the execution of this Agreement. 

9.11 Waivers of Default. A waiver by a party of any default by another party of any provision of this Agreement shall not
be deemed a waiver by the waiving party of any subsequent or other default, nor shall it prejudice the rights of the waiving party. No failure or delay by a party in exercising any right, power or privilege under this Agreement shall operate as a
waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. No waiver by any party of any provision of this Agreement shall be effective
unless explicitly set forth in writing and executed by the party so waiving. 
 9.12 Force Majeure. No party (or any
Person acting on its behalf) shall have any Liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement or, unless otherwise expressly provided therein, any other Transaction Document, so
long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of 

  
 21 

 
Force Majeure. A party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) notify the other parties of the nature and
extent of any such Force Majeure condition and (b) use due diligence to remove any such causes and resume performance under this Agreement or the applicable other Transaction Document as soon as feasible. 

9.13 Notices. All notices, requests, claims, demands or other communications under this Agreement shall be in writing and
shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile with receipt confirmed followed by delivery of an original via overnight courier
service, or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this
section): 
 If to JDSU, to: 

JDS Uniphase Corporation 

430 North McCarthy Blvd 

Milpitas, California, USA 

95035 

Attention: General Counsel 

Email: [•] 

With a copy (until the Effective Time) to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

If to Lumentum, to: 

Lumentum Inc. 

400 North McCarthy Blvd 

Milpitas, California USA 

95035 

Attention: General Counsel 

Email: [•] 

With a copy (until the Effective Time) to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

If to Holdings, to: 

Lumentum Holdings Inc. 

400 North McCarthy Blvd 

Milpitas, California USA 

95035 

Attention: General Counsel 

Email: [•] 

  
 22 

 With a copy (until the Effective Time) to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

Any party may, by notice to the other parties, change the address to which such notices are to be given. 

9.14 Termination. Notwithstanding any provision to the contrary, this Agreement may be terminated and the Distribution
abandoned at any time prior to the Effective Time by and in the sole discretion of JDSU without the prior approval of any Person, including Holdings or Lumentum. In the event of such termination, this Agreement shall become void and no party, or any
of its officers and directors shall have any Liability to any Person by reason of this Agreement. After the Effective Time, this Agreement may not be terminated except by an agreement in writing signed by each of the parties to this Agreement. 

9.15 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
under any Law or as a matter of public policy, all other conditions and provisions of this Agreement shall remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties to this Agreement shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent possible. 
 9.16 Entire Agreement. Except
as otherwise expressly provided in this Agreement, this Agreement (including any Schedules and Exhibits hereto) constitutes the entire agreement of the parties hereto with respect to the subject matter of this Agreement and supersedes all prior
agreements and undertakings, both written and oral, between or on behalf of the parties hereto with respect to the subject matter of this Agreement. 

9.17 Assignment; No Third-Party Beneficiaries. This Agreement shall not be assigned by any party without the prior
written consent of the other parties hereto, except that a party may assign any or all of its rights and obligations under this Agreement in connection with a sale or disposition of any assets or entities or lines of business of such party or in
connection with a merger transaction in which such party is not the surviving entity; provided, however, that, in each case, no such assignment shall release such party from any Liability or obligation under this Agreement and the
surviving entity of any merger or the transferee of such assets or businesses shall agree in writing to be bound by the terms of this Agreement as if named as a party hereto. The provisions of this Agreement are solely for the benefit of the parties
and are not intended to confer upon any other Person except the parties any rights or remedies hereunder. There are no other third party beneficiaries of this Agreement and this Agreement shall not provide any other third party with any remedy,
claim, Liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. Nothing in this Agreement is intended to amend any Employee Benefit Plan or affect the applicable plan sponsor’s
right to amend or terminate any Employee Benefit Plan pursuant to the terms of such plan. No current or former Employee, officer, director, or independent contractor or any other individual associated therewith shall be regarded for any purpose as a
third party beneficiary of this Agreement. 
 9.18 Specific Performance. Subject to Article VI of the
CONTRIBUTION AGREEMENT, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the party or parties who are, or are to be,
thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief (on an interim or permanent basis) in respect of its rights or their rights under this Agreement, in addition to any and all other rights and
remedies at Law or in equity, and all such rights and remedies shall be cumulative. The parties agree that the remedies at Law for any breach or threatened breach, including monetary damages, may be inadequate compensation for any loss and that any
defense in any Action for specific performance that a remedy at Law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are hereby waived by each of the parties. 

  
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 9.19 Amendments. No provision of this Agreement may be amended or modified
except by a written instrument signed by all the parties to this Agreement. 
 9.20 Rules of Construction.
Interpretation of this Agreement shall be governed by the following rules of construction: (i) words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the
context requires, (ii) references to the terms Article, Section, paragraph, clause, Exhibit and Schedule are references to the Articles, Sections, paragraphs, clauses, Exhibits and Schedules of this Agreement unless otherwise specified,
(iii) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to this entire Agreement, including the Schedules and Exhibits hereto, (iv) references to “$”
shall mean U.S. dollars, (v) the word “including” and words of similar import when used in this Agreement shall mean “including without limitation,” unless otherwise specified, (vi) the word “or” shall not be
exclusive, (vii) references to “written” or “in writing” include in electronic form, (viii) unless the context requires otherwise, references to “party” shall mean JDSU, Holdings or Lumentum, as appropriate,
and references to “parties” shall mean JDSU, Holdings and Lumentum, (ix) provisions shall apply, when appropriate, to successive events and transactions, (x) the table of contents and headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement, (xi) JDSU, Holdings and Lumentum have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question
of interpretation should arise, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or burdening either party by virtue of the authorship of any of the provisions
in this Agreement or any interim drafts of this Agreement, and (xii) a reference to any Person includes such Person’s successors and permitted assigns. 

9.21 Counterparts. This Agreement may be executed in one (1) or more counterparts, and by the different parties to
each such agreement in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one (1) and the same agreement. Delivery of an executed counterpart of a signature page
to this Agreement by facsimile or portable document format (PDF) shall be as effective as delivery of a manually executed counterpart of any such Agreement. 

[Remainder of page intentionally left blank] 

  
 24 

 IN WITNESS WHEREOF, the parties have caused this EMPLOYEE
MATTERS AGREEMENT to be executed by their duly authorized representatives. 
  

	
	JDS UNIPHASE CORPORATION
	
	   

	By:
	Its:

  

	
	LUMENTUM OPERATIONS LLC
	
	   

	By:
	Its:

  

	
	LUMENTUM HOLDINGS INC.
	
	   

	By:
	Its:EX-10.4

 Exhibit 10.4 

LUMENTUM HOLDINGS, INC. 

2015 EQUITY INCENTIVE PLAN 

1. Establishment and Purpose of the Plan. The Lumentum Holdings, Inc. 2015 Equity Incentive Plan is hereby established effective as of
June 23, 2015, the date of its approval by JDS Uniphase Corporation, the sole stockholder of the Company (the “Effective Date”). The purpose of the Plan is to provide incentives to attract, retain and motivate eligible persons whose
present and potential contributions are important to the success of the Company by offering them an opportunity to participate in the Company’s future performance. 

2. Definitions. As used herein, the following definitions shall apply: 

(a) “Administrator” means the Board or any of the Committees appointed to administer the Plan. 

(b) “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2
promulgated under the Exchange Act. 
 (c) “Applicable Laws” means the legal requirements relating to the Plan and the
Awards under applicable provisions of federal securities laws, state corporate and securities laws, the Code, the rules of any applicable stock exchange or national market system, and the rules of any non-U.S. jurisdiction applicable to Awards
granted to residents therein. 
 (d) “Assumed” means that pursuant to a Corporate Transaction either (i) the Award is
expressly affirmed by the Company or (ii) the contractual obligations represented by the Award are expressly assumed (and not simply by operation of law) by the successor entity or its Parent in connection with the Corporate Transaction with
appropriate adjustments to the number and type of securities of the successor entity or its Parent subject to the Award and the exercise or purchase price thereof which preserves the compensation element of the Award existing at the time of the
Corporate Transaction as determined in accordance with the instruments evidencing the agreement to assume the Award. 
 (e)
“Award” means the grant of an Option, SAR, Dividend Equivalent Right, Restricted Stock, Restricted Stock Unit, Performance Unit, Performance Share, or other right or benefit under the Plan. 

(f) “Award Agreement” means the written agreement evidencing the grant of an Award executed by the Company and the Grantee,
including any amendments thereto. 
 (g) “Board” means the Board of Directors of the Company. 

(h) “Cause” means, with respect to the termination by the Company or a Related Entity of the Grantee’s Continuous Active
Service, that such termination is for “Cause” as such term is expressly defined in a then-effective written agreement between the Grantee and the Company or such Related Entity, or in the absence of such then-effective written agreement
and definition, is based on, in the determination of the Administrator, the Grantee’s: (i) performance of any act or failure to perform any act in bad faith and to the detriment of the Company or a Related Entity; (ii) dishonesty,
intentional misconduct, material violation of any applicable Company or Related Entity policy, or material breach of any agreement with the Company or a Related Entity; or (iii) commission of a crime involving dishonesty, breach of trust, or
physical or emotional harm to any person. 
 (i) “Change in Control” means a change in ownership or control of the Company
effected through either of the following transactions: 
 (i) the direct or indirect acquisition by any person or related group of persons
(other than an acquisition from or by the Company or by a Company-sponsored employee benefit plan or by a person that 

 
directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities
possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s stockholders which a majority of the Continuing
Directors who are not Affiliates or Associates of the offeror do not recommend such stockholders accept, or 
 (ii) a change in the
composition of the Board over a period of thirty-six (36) months or less such that a majority of the Board members (rounded up to the next whole number) ceases, by reason of one or more contested elections for Board membership, to be comprised
of individuals who are Continuing Directors. 
 (j) “Code” means the Internal Revenue Code of 1986, as amended, and any
applicable regulations promulgated thereunder. 
 (k) “Committee” means any committee composed of members of the Board
appointed by the Board to administer the Plan. 
 (l) “Common Stock” means the common stock of the Company. 

(m) “Company” means Lumentum Holdings, Inc., a Delaware corporation. 

(n) “Consultant” means any person (other than an Employee or a Director, solely with respect to rendering services in such
person’s capacity as a Director) who is engaged by the Company or any Related Entity to render consulting or advisory services to the Company or such Related Entity. 

(o) “Continuing Directors” means members of the Board who either (i) have been Board members continuously for a period
of at least thirty-six (36) months or (ii) have been Board members for less than thirty-six (36) months and were elected or nominated for election as Board members by at least a majority of the Board members described in clause
(i) who were still in office at the time such election or nomination was approved by the Board. 
 (p) “Continuous Active
Service” means that the provision of services to the Company or a Related Entity in any capacity of Employee, Director or Consultant is not interrupted or terminated. In jurisdictions requiring notice in advance of an effective termination
as an Employee, Director or Consultant, Continuous Active Service shall be deemed terminated upon the actual cessation of providing services to the Company or a Related Entity notwithstanding any required notice period that must be fulfilled before
a termination as an Employee, Director or Consultant can be effective under Applicable Laws. Continuous Active Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company,
any Related Entity, or any successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Related Entity in any capacity of Employee, Director
or Consultant (except as otherwise provided in the Award Agreement). An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave. For purposes of each Incentive Stock Option granted under the Plan,
if such leave exceeds ninety (90) days, and reemployment upon expiration of such leave is not guaranteed by statute or contract, then the Incentive Stock Option shall be treated as a Non-Qualified Stock Option on the day three (3) months
and one (1) day following the expiration of such ninety (90) day period. 
 (q) “Corporate Transaction” means any
of the following transactions: 
 (i) a merger or consolidation in which the Company is not the surviving entity, except for a transaction
the principal purpose of which is to change the state in which the Company is incorporated; 
 (ii) the sale, transfer or other disposition
of all or substantially all of the assets of the Company; 
 (iii) the complete liquidation or dissolution of the Company; 

 (iv) any reverse merger or series of related transactions culminating in a reverse merger
(including, but not limited to, a tender offer followed by a reverse merger) in which the Company is the surviving entity but in which securities possessing more than forty percent (40%) of the total combined voting power of the Company’s
outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger or the initial transaction culminating in such merger but excluding any such transaction or series of
related transactions that the Administrator determines shall not be a Corporate Transaction; or 
 (v) acquisition in a single or series of
related transactions by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than
fifty percent (50%) of the total combined voting power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Administrator determines shall not be a Corporate Transaction.

 (r) “Covered Employee” means an Employee who is a “covered employee” under Section 162(m)(3) of the Code.

 (s) “Director” means a member of the Board or the board of directors of any Related Entity. 

(t) “Disability” means a disability as defined under the long-term disability policy of the Company or the Related Entity to
which the Grantee provides services regardless of whether the Grantee is covered by such policy. If the Company or the Related Entity to which the Grantee provides service does not have a long-term disability plan in place, “Disability”
means that a Grantee is unable to carry out the responsibilities and functions of the position held by the Grantee by reason of any medically determinable physical or mental impairment for a period of not less than ninety (90) consecutive days.
A Grantee will not be considered to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Administrator in its discretion. Notwithstanding the foregoing, Section 409A Deferred Compensation
payable pursuant to the Plan on account of the Disability of a Grantee shall be paid only if and when such Grantee has become disabled within the meaning of Section 409A. 

(u) “Dividend Equivalent Right” means a right entitling the Grantee to compensation or to a credit for the account of such
Grantee measured by cash dividends paid with respect to Common Stock. 
 (v) “Employee” means any person, including an
Officer or Director, who is in the employ of the Company or any Related Entity, subject to the control and direction of the Company or any Related Entity as to both the work to be performed and the manner and method of performance. The payment of a
director’s fee by the Company or a Related Entity shall not be sufficient to constitute “employment” by the Company. The Company shall determine in good faith and in the exercise of its discretion whether an individual has become or
has ceased to be an Employee and the effective date of such individual’s employment or termination of employment, as the case may be. For purposes of an individual’s rights, if any, under the terms of the Plan as of the time of the
Company’s determination of whether or not the individual is an Employee, all such determinations by the Company shall be final, binding and conclusive as to such rights, if any, notwithstanding that the Company or any court of law or
governmental agency subsequently makes a contrary determination as to such individual’s status as an Employee. 
 (w) “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 (x) “Fair Market Value” means, as of any date, the
value of one share of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or a
national market system, its Fair Market Value shall be the closing sale price of a Share as quoted on such exchange or system on the date of determination (or, if no closing sale price was reported on that date, on the last trading date such closing
sale price was reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 

 (ii) If the Common Stock is regularly quoted on an automated quotation system (including the OTC
Bulletin Board) or by a recognized securities dealer, but selling prices are not reported, the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Common Stock on the date of determination (or, if no such
prices were reported on that date, on the last date such prices were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable, provided that, if applicable, the Fair Market Value of a Share shall be
determined in a manner that complies with Section 409A; or 
 (iii) In the absence of an established market for the Common Stock of
the type described in (i) and (ii), above, the Fair Market Value thereof shall be determined by the Administrator in good faith. 
 (y)
“Full Value Award” means the grant of Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares under the Plan with a per share or unit purchase price lower than 100% of Fair Market Value on the date of
grant. 
 (z) “Grantee” means an Employee, Director or Consultant who receives an Award under the Plan. 

(aa) “Immediate Family” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Grantee’s household (other than a tenant or employee), a trust in
which these persons (or the Grantee) have more than fifty percent (50%) of the beneficial interest, a foundation in which these persons (or the Grantee) control the management of assets, and any other entity in which these persons (or the
Grantee) own more than fifty percent (50%) of the voting interests. 
 (bb) “Incentive Stock Option” means an Option
intended to qualify, and which does qualify, as an incentive stock option within the meaning of Section 422 of the Code. 
 (cc)
“Non-Qualified Stock Option” means an Option not intended to qualify, or which does not qualify, as an Incentive Stock Option. 

(dd) “JDS Uniphase Corporation Separation” means the spin-off of the Company from JDS Uniphase Corporation pursuant to that
certain Separation and Distribution Agreement between the Company and JDS Uniphase Corporation. 
 (ee) “Officer” means a
person who is an officer of the Company or a Related Entity within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 

(ff) “Option” means an option to purchase Shares pursuant to an Award Agreement granted under the Plan. 

(gg) “Parent” means a “parent corporation”, whether now or hereafter existing, as defined in Section 424(e) of
the Code. 
 (hh) “Performance Award Formula” means a formula or table established by the Administrator which provides the
method of determining the compensation payable pursuant to an Award based on one or more levels of attainment of specified Performance Criteria measured as of the end of the applicable Performance Period. A Performance Award Formula may include a
minimum, maximum, target level and intermediate levels of Performance Criteria, with the final value of an Award determined by applying the Performance Award Formula to the specified Performance Criteria level attained during the applicable
Performance Period. A target level of performance may be stated as an absolute value, an increase or decrease in a value, or as a value determined relative to an index, budget or other standard selected by the Administrator. 

(ii) “Performance-Based Compensation” means compensation qualifying as “performance-based compensation” under
Section 162(m) of the Code. 

 (jj) “Performance Criteria” means any one of, or combination of, the following:
(i) share price, (ii) earnings per share, (iii) total stockholder return, (iv) operating margin, (v) gross margin, (vi) return on equity, (vii) return on assets, (viii) return on investment,
(ix) operating income, (x) net operating income, (xi) pre-tax profit, (xii) net income, (xiii) cash flow, (xiv) revenue, (xv) expenses, (xvi) earnings before any one or more of share-based compensation
expense, interest, taxes, depreciation and amortization, (xvii) economic value added, (xviii) market share, (xix) personal management objectives, (xx) product development, (xxi) completion of an identified special project,
(xxii) completion of a joint venture or other corporate transaction, and (xxiii) other measures of performance selected by the Administrator. Performance Criteria shall be calculated in accordance with the Company’s financial
statements, or, if such measures are not reported in the Company’s financial statements, they shall be calculated in accordance with generally accepted accounting principles, a method used generally in the Company’s industry, or in
accordance with a methodology established by the Administrator prior to the grant of the applicable Award. As specified by the Administrator, Performance Criteria may be calculated with respect to the Company and each Subsidiary consolidated
therewith for financial reporting purposes, one or more Subsidiaries or such division or other business unit of any of them selected by the Administrator. Performance Criteria may be measured relative to a peer group or index, as specified by the
Administrator. Unless otherwise determined by the Administrator prior to the grant of the applicable Award, the Performance Criteria shall be calculated excluding the effect (whether positive or negative) on the Performance Criteria of any change in
accounting standards or any extraordinary, unusual or nonrecurring item, as determined by the Administrator, occurring after the establishment of the Performance Criteria applicable to the Award. Each such adjustment, if any, shall be made solely
for the purpose of providing a consistent basis from period to period for the calculation of Performance Criteria in order to prevent the dilution or enlargement of the Grantee’s rights with respect to an Award. 

(kk) “Performance Period” means any Fiscal Year of the Company or such other period as determined by the Administrator in its
sole discretion. 
 (ll) “Performance Shares” means Shares or an Award denominated in Shares which may be earned in whole
or in part upon attainment of Performance Criteria established by the Administrator. 
 (mm) “Performance Units” means an
Award which may be earned in whole or in part based upon attainment of Performance Criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as
established by the Administrator. 
 (nn) “Plan” means this 2015 Equity Incentive Plan. 

(oo) “Related Entity” means any Parent or Subsidiary of the Company and any business, corporation, partnership, limited
liability company or other entity in which the Company or a Parent or a Subsidiary of the Company holds a substantial ownership interest, directly or indirectly. 

(pp) “Replaced” means that pursuant to a Corporate Transaction the Award is replaced with a comparable stock award or a cash
incentive program of the Company, the successor entity (if applicable) or Parent of either of them which preserves the compensation element of such Award existing at the time of the Corporate Transaction and provides for subsequent payout in
accordance with the same (or a more favorable) vesting schedule applicable to such Award. The determination of Award comparability shall be made by the Administrator and its determination shall be final, binding and conclusive. 

(qq) “Restricted Stock” means Shares issued under the Plan to the Grantee for such consideration, if any, and subject to such
restrictions on transfer, rights of first refusal, repurchase provisions, forfeiture provisions, and other terms and conditions as established by the Administrator. 

(rr) “Restricted Stock Unit” means a grant of a right to receive in cash or stock, as established by the Administrator, the
market value of one Share. 
 (ss) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor
thereto. 

 (tt) “SAR” means a stock appreciation right entitling the Grantee to Shares or
cash compensation, as established by the Administrator, measured by appreciation in the value of Common Stock. 
 (uu) “Section
409A” means Section 409A of the Code. 
 (vv) “Section 409A Deferred Compensation” means compensation
provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A. 
 (ww)
“Share” means a share of the Common Stock. 
 (xx) “Subsidiary” means a “subsidiary
corporation”, whether now or hereafter existing, as defined in Section 424(f) of the Code. 
 3. Shares Subject to the
Plan. 
 (a) Maximum Number of Shares Issuable. Subject to the provisions of Section 10 below, the maximum aggregate number
of Shares which may be issued pursuant to all Awards (including Incentive Stock Options) is eight million five hundred thousand (8,500,000) Shares. The Shares to be issued pursuant to Awards may be authorized, but unissued, or reacquired Common
Stock. 
 (b) Share Counting. Any Shares subject to an Award will be counted against the numerical limits of this Section 3 as
one (1) Share for every Share subject thereto. Any Shares covered by an Award (or portion of an Award) which is forfeited, canceled or expires (whether voluntarily or involuntarily) or settled in cash shall be deemed not to have been issued for
purposes of determining the maximum aggregate number of Shares which may be issued under the Plan. Shares that actually have been issued under the Plan pursuant to an Award shall not be returned to the Plan and shall not become available for future
issuance under the Plan, except that if unvested Shares are forfeited, or repurchased by the Company for an amount not greater than their original purchase price, such Shares shall become available for future grant under the Plan. With respect to
Options and SARs, the gross number of Shares subject to the Award will cease to be available under the Plan (whether or not the Award is net settled for a lesser number of Shares, or if Shares are utilized to exercise such an Award). In addition, if
Shares are withheld to pay any withholding taxes applicable to an Award, then the gross number of Shares subject to such Award will cease to be available under the Plan. 

(c) Assumption or Replacement of Awards. The Administrator may, without affecting the number of Shares reserved or available for
issuance hereunder, authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation, acquisition of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject
to compliance with Section 409A and any other applicable provisions of the Code; provided, however, that Shares subject to Awards issued or assumed pursuant to the Plan with respect to awards for shares of the common stock of JDS Uniphase
Corporation in connection with the JDS Uniphase Corporation Separation shall reduce the aggregate number of Shares remaining available for issuance pursuant to the Plan set forth in Section 3(a). 

4. Administration of the Plan. 

(a) Plan Administrator. 

(i) Authority of Administrator. The Plan shall be administered by the Administrator. All questions of interpretation of the Plan, of
any Award Agreement or of any other form of agreement or other document employed by the Company in the administration of the Plan or of any Award shall be determined by the Administrator, and such determinations shall be final, binding and
conclusive upon all persons having an interest in the Plan or such Award, unless fraudulent or made in bad faith. Any and all actions, decisions and determinations taken or made by the Administrator in the exercise of its discretion pursuant to the
Plan or Award Agreement or other agreement thereunder (other than determining questions of interpretation pursuant to the preceding sentence) shall be final, binding and conclusive upon all persons having an interest therein. All expenses incurred
in connection with the administration of the Plan shall be paid by the Company. 

 (ii) Administration with Respect to Directors and Officers. With respect to grants of
Awards to Directors or Employees who are also Officers or Directors of the Company, the Plan shall be administered by (A) the Board or (B) a Committee designated by the Board, which Committee shall be constituted in such a manner as to
satisfy the Applicable Laws and to permit such grants and related transactions under the Plan to be exempt from Section 16(b) of the Exchange Act in accordance with Rule 16b-3. Once appointed, such Committee shall continue to serve in its
designated capacity until otherwise directed by the Board. 
 (iii) Administration With Respect to Consultants and Other Employees.
With respect to grants of Awards to Employees or Consultants who are neither Directors nor Officers of the Company, the Plan shall be administered by (A) the Board or (B) a Committee designated by the Board, which Committee shall be
constituted in such a manner as to satisfy the Applicable Laws. Once appointed, such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. The Board may authorize one or more Officers to grant such
Awards and may limit such authority as the Board determines from time to time. 
 (iv) Administration With Respect to Covered
Employees. Notwithstanding the foregoing, grants of Awards intended to qualify as Performance-Based Compensation to any Covered Employee or other Employee reasonably expected to become a Covered Employee shall be made only by a Committee (or
subcommittee of a Committee) which is comprised solely of two or more Directors eligible to serve on a committee making Awards qualifying as Performance-Based Compensation. In the case of such Awards, references to the “Administrator” or
to a “Committee” shall be deemed to be references to such Committee or subcommittee. Unless otherwise permitted in compliance with the requirements under Section 162(m) of the Code with respect to each Award intended to result in the
payment of Performance-Based Compensation, the Administrator shall establish in writing the Performance Criteria and Performance Award Formula no later than the earlier of (A) the date ninety (90) days after the commencement of the
applicable Performance Period or (B) the date on which 25% of the Performance Period has elapsed, and, in any event, at a time when the outcome of the Performance Criteria remains substantially uncertain. Once established, the Performance
Criteria and Performance Award Formula applicable to an Award intended to result in the payment of Performance-Based Compensation to a Covered Employee shall not be changed. Following the completion of the Performance Period applicable to such
Award, the Administrator shall certify in writing the extent to which the applicable Performance Criteria have been attained and the resulting final value of the Award earned by the Grantee and to be paid upon its settlement in accordance with the
applicable Performance Award Formula. Notwithstanding the foregoing, the Administrator shall have the discretion, on the basis of such criteria as may be established by the Administrator, to reduce some or all of the value of an Award that would
otherwise be paid to a Covered Employee upon its settlement notwithstanding the attainment of any Performance Criteria and the resulting value of the Award determined in accordance with the Performance Award Formula; provided, however, that no such
reduction may result in an increase in the amount payable upon settlement of another Grantee’s Award that is intended to result in Performance-Based Compensation. 

(v) Administration Errors. In the event an Award is granted in a manner inconsistent with the provisions of this subsection (a), such
Award shall be presumptively valid as of its grant date to the extent permitted by the Applicable Laws. 
 (b) Powers of the
Administrator. Subject to Applicable Laws and the provisions of the Plan (including any other powers given to the Administrator hereunder), and except as otherwise provided by the Board, the Administrator shall have the authority, in its
discretion: 
 (i) to select the Employees, Directors and Consultants to whom Awards may be granted from time to time hereunder; 

(ii) to determine whether and to what extent Awards are granted hereunder; 

(iii) to determine the number of Shares or the amount of other consideration to be covered by each Award granted hereunder; 

(iv) to determine whether an Award granted to a Covered Employee shall be intended to result in Performance-Based Compensation and the
applicable Performance Criteria, Performance Period and Performance Award Formula; 

 (v) to approve forms of Award Agreements for use under the Plan; 

(vi) to determine the terms and conditions of any Award granted hereunder; 

(vii) to amend the terms of any outstanding Award granted under the Plan, provided that any amendment that would have a materially adverse
effect the Grantee’s rights under an outstanding Award shall not be made without the Grantee’s written consent; 
 (viii) to
construe and interpret the terms of the Plan and Awards, including without limitation, any notice of award or Award Agreement, granted pursuant to the Plan; 

(ix) to establish additional terms, conditions, rules or procedures to accommodate the rules or laws of applicable non-U.S. jurisdictions and
to afford Grantees favorable treatment under such rules or laws; provided, however, that no Award shall be granted under any such additional terms, conditions, rules or procedures with terms or conditions which are inconsistent with the provisions
of the Plan; and 
 (x) to take such other action, not inconsistent with the terms of the Plan, as the Administrator deems appropriate.

 (c) Option or SAR Repricing. Without the affirmative vote of holders of a majority of the shares of Common Stock cast in person or
by proxy at a meeting of the stockholders of the Company at which a quorum representing a majority of all outstanding shares of Common Stock is present or represented by proxy, the Administrator shall not approve a program providing for either
(i) the cancellation of outstanding Options or SARs having exercise prices per share greater than the then Fair Market Value of a Share (“Underwater Awards”) and the grant in substitution therefore of new Options or SARs having
a lower exercise price, Full Value Awards or payments in cash, or (ii) the amendment of outstanding Underwater Awards to reduce the exercise price thereof. This Section 4(c) shall not be construed to apply to (i) “issuing or
assuming a stock option in a transaction to which Section 424(a) applies,” within the meaning of Section 424 of the Code, (ii) adjustments pursuant to the assumption of or substitution for an Option or SAR in a manner that would
comply with Section 409A, or (iii) an adjustment pursuant to Section 10. 
 (d) Indemnification. In addition to such
other rights of indemnification as they may have as members of the Board or as Officers or Employees of the Company or a Related Entity, members of the Board and any Officers or Employees of the Company or a Related Entity to whom authority to act
for the Board, the Administrator or the Company is delegated shall be defended and indemnified by the Company to the extent permitted by law on an after-tax basis against all reasonable expenses, including attorneys’ fees, actually and
necessarily incurred in connection with the defense of any claim, investigation, action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure to act under
or in connection with the Plan, or any Award granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by the Company) or paid by them in satisfaction of a judgment in any such claim,
investigation, action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such claim, investigation, action, suit or proceeding that such person is liable for gross negligence, bad faith or intentional misconduct;
provided, however, that within thirty (30) days after the institution of such claim, investigation, action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at the Company’s expense to handle and
defend the same. 
 5. Eligibility. 

(a) Persons Eligible for Awards. Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants.
Incentive Stock Options may be granted only to Employees of the Company or a Parent or a Subsidiary of the Company. Awards may be granted to such Employees, Directors or Consultants who are residing in non-U.S. jurisdictions as the Administrator may
determine from time to time. 
 (b) Participation in the Plan. Awards are granted solely at the discretion of the Administrator.
Eligibility to be granted an Award shall not entitle any person to be granted an Award, or, having been granted an Award, to be granted an additional Award. An Employee, Director or Consultant who has been granted an Award may, if otherwise
eligible, be granted additional Awards. 

 6. Terms and Conditions of Awards. 

(a) Type of Awards. The Administrator is authorized under the Plan to award any type of arrangement to an Employee, Director or
Consultant that is not inconsistent with the provisions of the Plan and that by its terms involves or might involve the issuance of (i) Shares, (ii) cash or (iii) an Option, a SAR, or similar right with a fixed or variable price
related to the Fair Market Value of the Shares and with an exercise or conversion privilege related to the passage of time, the occurrence of one or more events, or the satisfaction of Performance Criteria or other conditions. Such awards include,
without limitation, Options, SARs, Restricted Stock, Restricted Stock Units, Dividend Equivalent Rights, Performance Units or Performance Shares, and an Award may consist of one such security or benefit, or two (2) or more of them in any
combination or alternative. 
 (b) Designation of Award. Each Award shall be designated in the Award Agreement. In the case of an
Option, the Option shall be designated as either an Incentive Stock Option or a Non-Qualified Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of Shares subject to Options designated as
Incentive Stock Options which become exercisable for the first time by a Grantee during any calendar year (under all plans of the Company or any Parent or Subsidiary of the Company) exceeds $100,000, such excess Options, to the extent of the Shares
covered thereby in excess of the foregoing limitation, shall be treated as Non-Qualified Stock Options. For this purpose, Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the
Shares shall be determined as of the grant date of the relevant Option. 
 (c) Conditions of Award. Subject to the terms of the Plan,
the Administrator shall determine the provisions, terms, and conditions of each Award including, but not limited to, the Award vesting schedule, repurchase provisions, rights of first refusal, forfeiture provisions, form of payment (cash, Shares, or
other consideration) upon settlement of the Award, payment contingencies, and satisfaction of any Performance Criteria established by the Administrator. Partial achievement of any specified Performance Criteria may result in a payment or vesting
corresponding to the degree of achievement as specified in the Award Agreement. 
 (d) Acquisitions and Other Transactions. The
Administrator may issue Awards under the Plan in settlement, assumption or substitution for, outstanding awards or obligations to grant future awards in connection with the Company or a Related Entity acquiring another entity, an interest in another
entity or an additional interest in a Related Entity whether by merger, stock purchase, asset purchase or other form of transaction. 
 (e)
Deferral of Award Payment. Consistent with the requirements of Section 409A, if applicable, and other Applicable Laws, the Administrator may establish one or more programs under the Plan to permit selected Grantees the opportunity to
elect to defer receipt of consideration upon exercise of an Award, satisfaction of Performance Criteria, or other event that absent the election would entitle the Grantee to payment or receipt of Shares or other consideration under an Award. The
Administrator may establish the election procedures, the timing of such elections, the mechanisms for payments of, and accrual of interest or other earnings, if any, on amounts, Shares or other consideration so deferred, and such other terms,
conditions, rules and procedures that the Administrator deems advisable for the administration of any such deferral program. 
 (f)
Separate Programs. The Administrator may establish one or more separate programs under the Plan for the purpose of issuing particular forms of Awards to one or more classes of Grantees on such terms and conditions as determined by the
Administrator from time to time. 
 (g) Individual Limitations on Awards. 

(i) Section 162(m) Award Limits. The maximum number of Shares with respect to which Awards may be granted to any Grantee in any
fiscal year of the Company shall be 1,000,000 Shares. The maximum dollar amount that may become payable to any Grantee in any fiscal year of the Company under 

 
Performance Unit Awards or other Awards denominated in U.S. dollars shall be $20,000,000. In connection with a Grantee’s (i) commencement of Continuous Active Service or (ii) first
promotion in any fiscal year of the Company, a Grantee may be granted Awards for up to an additional 1,000,000 Shares or U.S. dollar denominated Awards providing for payment in any fiscal year of the Company of up to an additional $20,000,000, which
shall not count against the limits set forth in the preceding sentences of this subsection (g). The foregoing limitations shall be adjusted proportionately in connection with any change in the Company’s capitalization pursuant to
Section 10, below. To the extent required by Section 162(m) of the Code or the regulations thereunder, in applying the foregoing limitations with respect to a Grantee, if any Awards are canceled, the canceled Awards shall continue to count
against the maximum number of Shares or dollar amount with respect to which Awards may be granted to the Grantee. For this purpose, the repricing of an Option (or in the case of a SAR, the base amount on which the stock appreciation is calculated is
reduced to reflect a reduction in the Fair Market Value of the Common Stock) shall be treated as the cancellation of the existing Option or SAR and the grant of a new Option or SAR. If the vesting or receipt of Shares under the Award is deferred to
a later date, any amount (whether denominated in Shares or cash) paid in addition to the original number of Shares subject to the Award will not be treated as an increase in the number of Shares subject to the Award if the additional amount is based
either on a reasonable rate of interest or on one or more predetermined actual investments such that the amount payable by the Company at the later date will be based on the actual rate of return of a specific investment (including any decrease as
well as any increase in the value of an investment). 
 (ii) Nonemployee Director Award Limits. No Director who is not also an
Employee shall be granted within any fiscal year of the Company one or more Awards pursuant to the Plan which in the aggregate are for more than a number of Shares determined by dividing $500,000 by the Fair Market Value of a Share determined on the
last trading day immediately preceding the date on which the applicable Award is granted to such Director. 
 (iii) Minimum Vesting.
Except with respect to five percent (5%) of the maximum number of Shares issuable under the Plan pursuant to Section 3(a), no Award which vests on the basis of the Grantee’s Continuous Active Service shall vest earlier than one year
following the date of grant of such Award; provided, however, that such limitation shall not preclude the acceleration of vesting of such Award upon the death, disability, or involuntary termination of Service of the Grantee or in connection with a
Corporate Transaction, as determined by the Administrator in its discretion. 
 (h) Early Exercise. The Award Agreement may, but need
not, include a provision whereby the Grantee may elect at any time while an Employee, Director or Consultant to exercise any part or all of the Award prior to full vesting of the Award. Any unvested Shares received pursuant to such exercise may be
subject to a repurchase right in favor of the Company or a Related Entity or to any other restriction the Administrator determines to be appropriate. 

(i) Term of Award. The term of each Award shall be the term stated in the Award Agreement, provided, however, that the term of an
Option or SAR shall be no more than eight (8) years from the date of grant thereof. However, in the case of an Incentive Stock Option granted to a Grantee who, at the time the Option is granted, owns stock representing more than ten percent
(10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company, the term of the Incentive Stock Option shall be five (5) years from the date of grant thereof or such shorter term as may be
provided in the Award Agreement. Subject to the foregoing, unless otherwise specified by the Administrator in the grant of an Option or SAR, each Option and SAR shall terminate eight (8) years after the date of grant of such Award, unless
earlier terminated in accordance with its provisions. 
 (j) Transferability of Awards. Incentive Stock Options may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent and distribution and may be exercised, during the lifetime of the Grantee, only by the Grantee. Other Awards shall be
transferable by will and by the laws of descent and distribution, and during the lifetime of the Grantee, by gift or pursuant to a domestic relations order to members of the Grantee’s Immediate Family to the extent and in the manner determined
by the Administrator. Notwithstanding the foregoing but subject to Applicable Laws and local procedures, the Grantee may designate a beneficiary of the Grantee’s Award in the event of the Grantee’s death on a beneficiary designation form
provided by the Administrator. 
 (k) Time of Granting Awards. The date of grant of an Award shall for all purposes be the date on
which the Administrator makes the determination to grant such Award, or such later date as is determined by the Administrator. 

 7. Award Exercise or Purchase Price, Consideration and Taxes. 

(a) Exercise or Purchase Price. The exercise or purchase price, if any, for an Award shall be as follows: 

(i) In the case of an Incentive Stock Option: 

(A) granted to an Employee who, at the time of the grant of such Incentive Stock Option owns stock representing more than ten percent
(10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company, the per Share exercise price shall be not less than one hundred ten percent (110%) of the Fair Market Value per Share on the date
of grant; or 
 (B) granted to any Employee other than an Employee described in the preceding paragraph, the per Share exercise price shall
be not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 (ii) In the case of a
Non-Qualified Stock Option, the per Share exercise price shall be not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 

(iii) In the case of a SAR, the base amount on which the stock appreciation is calculated shall be not less than one hundred percent
(100%) of the Fair Market Value per Share on the date of grant. 
 (iv) In the case of other Awards, such price as is determined by
the Administrator. 
 (v) Notwithstanding the foregoing provisions of this Section 7(a), in the case of an Award issued pursuant to
Section 6(d) above, the exercise or purchase price for the Award shall be determined in accordance with the provisions of the relevant instrument evidencing the agreement to issue such Award. 

(b) Consideration. Subject to Applicable Laws, the consideration to be paid for the Shares to be issued upon exercise or purchase of an
Award including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant). In addition to any other types of consideration the Administrator may
determine, the Administrator is authorized to accept as consideration for Shares issued under the Plan the following, provided that the portion of the consideration equal to the par value of the Shares must be paid in cash or other legal
consideration permitted by the Delaware General Corporation Law: 
 (i) cash; 

(ii) check; 
 (iii) surrender
of Shares or delivery of a properly executed form of attestation of ownership of Shares as the Administrator may require which have a Fair Market Value on the date of surrender or attestation equal to the aggregate exercise price of the Shares as to
which said Award shall be exercised, provided, however, that Shares acquired under the Plan or any other equity compensation plan or agreement of the Company must have been held by the Grantee for such period, if any, as required by the Company to
avoid adverse accounting treatment; 
 (iv) with respect to Options, by delivery of a properly executed exercise notice followed by a
procedure pursuant to which (A) the Company will reduce the number of Shares otherwise issuable to the Grantee upon the exercise of the Option by the largest whole number of shares having a Fair Market Value that

 
does not exceed the aggregate exercise price for the Shares with respect to which the Option is exercised, and (B) the Grantee shall pay to the Company in cash the remaining balance of such
aggregate exercise price not satisfied by such reduction in the number of whole Shares to be issued; 
 (v) with respect to Options,
payment through a broker-dealer sale and remittance procedure pursuant to which the Grantee (A) shall provide written instructions to a Company designated brokerage firm to effect the immediate sale of some or all of the purchased Shares and
remit to the Company sufficient funds to cover the aggregate exercise price payable for the purchased Shares and (B) shall provide written directives to the Company to deliver the certificates for the purchased Shares directly to such brokerage
firm in order to complete the sale transaction; or 
 (vi) any combination of the foregoing methods of payment. 

(c) Taxes. 
 (i) Tax
Withholding in General. No Shares shall be delivered under the Plan to any Grantee or other person until such Grantee or other person has made arrangements acceptable to the Administrator for the satisfaction of any non-U.S., federal, state, or
local income and employment tax (including social insurance) withholding obligations, including, without limitation, obligations incident to the receipt of Shares or the disqualifying disposition of Shares received on exercise of an Incentive Stock
Option. Upon exercise of an Award the Company or Related Entity employing the Grantee shall withhold or collect from Grantee an amount sufficient to satisfy such tax obligations. 

(ii) Withholding in or Directed Sale of Shares. The Company shall have the right, but not the obligation, to deduct from the Shares
issuable to a Grantee upon the exercise or settlement of an Award, or to accept from the Grantee the tender of, a number of whole Shares having a Fair Market Value, as determined by the Company, equal to all or any part of the tax withholding
obligations of the Company or Related Entity employing the Grantee. The Fair Market Value of any Shares withheld or tendered to satisfy any such tax withholding obligations shall not exceed the amount determined by the applicable minimum statutory
withholding rates. The Company may require a Grantee to direct a broker, upon the vesting, exercise or settlement of an Award, to sell a portion of the Shares subject to the Award determined by the Company in its discretion to be sufficient to cover
the tax withholding obligations of the Company or Related Entity employing the Grantee and to remit an amount equal to such tax withholding obligations to such employer in cash. 

8. Exercise of Award. 

(a) Procedure for Exercise. 

(i) Any Award granted hereunder shall be exercisable at such times and under such conditions as determined by the Administrator under the
terms of the Plan and specified in the Award Agreement; provided however, that no Option or SAR granted to an Employee who is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable until at
least six (6) months following the date of grant of such Option or SAR (except in the event of such Employee’s death, disability or retirement, upon a Corporate Transaction, or as otherwise permitted by the Worker Economic Opportunity
Act). 
 (ii) An Award shall be deemed to be exercised when written notice of such exercise has been given to the Company in accordance
with the terms of the Award by the person entitled to exercise the Award and full payment for the Shares with respect to which the Award is exercised, including, to the extent selected, use of the broker-dealer sale and remittance procedure to pay
the purchase price as provided in Section 7(b)(v). 

 (b) Exercise of Award Following Termination of Continuous Active Service. 

(i) An Award may not be exercised after the termination date of such Award set forth in the Award Agreement and may be exercised following
the termination of a Grantee’s Continuous Active Service only to the extent provided in the Award Agreement. 
 (ii) Where the Award
Agreement permits a Grantee to exercise an Award following the termination of the Grantee’s Continuous Active Service for a specified period, the Award shall terminate to the extent not exercised on the last day of the specified period or the
last day of the original term of the Award, whichever occurs first. 
 (iii) Any Award designated as an Incentive Stock Option to the
extent not exercised within the time permitted by law for the exercise of Incentive Stock Options following the termination of a Grantee’s Continuous Active Service shall convert automatically to a Non-Qualified Stock Option and thereafter
shall be exercisable as such to the extent exercisable by its terms for the period specified in the Award Agreement. 
 9. Conditions
Upon Issuance of Shares. 
 (a) Shares shall not be issued pursuant to the exercise of an Award unless the exercise of such Award and
the issuance and delivery of such Shares pursuant thereto shall comply with all Applicable Laws, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 

(b) As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time
of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by any Applicable Laws.

 10. Adjustments Upon Changes in Capitalization. Subject to any required action by the stockholders of the Company and the
requirements of Sections 409A and 424 of the Code to the extent applicable, in the event of any change in the Common Stock effected without receipt of consideration by the Company, whether through merger, consolidation, reorganization,
reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the
event of payment of a dividend or distribution to the stockholders of the Company in a form other than Common Stock (excepting regular, periodic cash dividends) that has a material effect on the Fair Market Value of Shares, appropriate and
proportionate adjustments shall be made in the number and kind of shares subject to the Plan and to any outstanding Awards, the maximum number of Shares with respect to which Awards may be granted to any Grantee in any fiscal year of the Company set
forth in Section 6(g)(i), and in the exercise or purchase price per Share under any outstanding Award in order to prevent dilution or enlargement of Grantees’ rights under the Plan. For purposes of the foregoing, conversion of any
convertible securities of the Company shall not be treated as “effected without receipt of consideration by the Company.” Any fractional share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest whole
number and the exercise or purchase price per share shall be rounded up to the nearest whole cent. The Administrator in its discretion, may also make such adjustments in the terms of any Award to reflect, or related to, such changes in the capital
structure of the Company or distributions as it deems appropriate, including modification of Performance Criteria, Performance Award Formulas and Performance Periods. The adjustments determined by the Administrator pursuant to this Section shall be
final, binding and conclusive. 
 11. Corporate Transactions. 

(a) Termination of Award to Extent Not Assumed in Corporate Transaction. Effective upon the consummation of a Corporate Transaction,
all outstanding Awards under the Plan shall terminate. However, all such Awards shall not terminate to the extent they are Assumed in connection with the Corporate Transaction. 

(b) Acceleration of Award Upon Corporate Transaction. Except as provided otherwise in an individual Award Agreement, in the event of a
Corporate Transaction, for the portion of each Award that is neither 

 
Assumed nor Replaced, such portion of the Award shall automatically become fully vested and exercisable and be released from any repurchase or forfeiture rights (other than repurchase rights
exercisable at fair market value) for all of the Shares at the time represented by such portion of the Award, immediately prior to the specified effective date of such Corporate Transaction. 

(c) Effect of Acceleration on Incentive Stock Options. Any Incentive Stock Option the exercisability of which is accelerated under this
Section 11 in connection with a Corporate Transaction shall remain exercisable as an Incentive Stock Option under the Code only to the extent the $100,000 dollar limitation of Section 422(d) of the Code is not exceeded. To the extent such
dollar limitation is exceeded, the excess Options shall be treated as Non-Qualified Stock Options. 
 12. Compliance with
Section 409A. The Plan and all Awards granted hereunder are intended to comply with, or otherwise be exempt from, Section 409A. The Plan and all Awards granted under the Plan shall be administered, interpreted, and construed in a
manner consistent with Section 409A, as determined by the Administrator in good faith, to the extent necessary to avoid the imposition of additional taxes under Section 409A(a)(1)(B) of the Code. It is intended that any election, payment
or benefit which is made or provided pursuant to or in connection with any Award that may result in Section 409A Deferred Compensation shall comply in all respects with the applicable requirements of Section 409A. In connection with
effecting such compliance with Section 409A, the following shall apply: 
 (a) Notwithstanding anything to the contrary in the Plan, to
the extent required to avoid tax penalties under Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the Plan on account of, and during the six (6) month period immediately
following, the Grantee’s termination of Continuous Active Service shall instead be paid on the first payroll date after the six-month anniversary of the Grantee’s “separation from service” within the meaning of Section 409A
(or the Grantee’s death, if earlier). 
 (b) Neither any Grantee nor the Company shall take any action to accelerate or delay the
payment of any amount or benefits under an Award in any manner which would not be in compliance with Section 409A. 
 (c)
Notwithstanding anything to the contrary in the Plan or any Award Agreement, to the extent that any Section 409A Deferred Compensation would become payable under the Plan by reason of a Corporate Transaction, such amount shall become payable
only if the event constituting the Corporate Transaction would also constitute a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company within the meaning of
Section 409A. Any Award which would result in the payment of Section 409A Deferred Compensation and which would vest and otherwise become payable upon a Corporate Transaction as a result of the failure of the Award to be Assumed or
Replaced in accordance with Section 11(b) shall vest to the extent provided by such Award but shall be converted automatically at the effective time of such Corporate Transaction into a right to receive, in cash on the date or dates such Award
would have been settled in accordance with its then existing settlement schedule, an amount or amounts equal in the aggregate to an amount which preserves the compensation element of the Award at the time of the Corporate Transaction. 

(d) Should any provision of the Plan, any Award Agreement, or any other agreement or arrangement contemplated by the Plan be found not to
comply with, or otherwise be exempt from, the provisions of Section 409A, such provision shall be modified and given effect (retroactively if necessary), in the sole discretion of the Administrator, and without the consent of the holder of the
Award, in such manner as the Administrator determines to be necessary or appropriate to comply with, or to effectuate an exemption from, Section 409A. 

(e) Notwithstanding the foregoing, neither the Company nor the Administrator shall have any obligation to take any action to prevent the
assessment of any tax or penalty on any Grantee under Section 409A and neither the Company nor the Administrator will have any liability to any Grantee for such tax or penalty. 

13. Term of Plan. The Plan shall continue in effect for a term of ten (10) years from the Effective Date, unless sooner
terminated. Subject to Applicable Laws, Awards may be granted under the Plan upon its becoming effective. 

 14. Amendment, Suspension or Termination of the Plan. 

(a) The Board may at any time amend, suspend or terminate the Plan; provided, however, that no such amendment shall be made without the
approval of the Company’s stockholders to the extent such approval is required by Applicable Laws, or if such amendment would change any of the provisions of Section 4(b)(vii) or this Section 14(a). Notwithstanding any other provision
of the Plan to the contrary, the Board may, in its sole and absolute discretion and without the consent of any participant, amend the Plan or any Award Agreement, to take effect retroactively or otherwise, as it deems necessary or advisable for the
purpose of conforming the Plan or such Award Agreement to any present or future law, regulation or rule applicable to the Plan, including, but not limited to, Section 409A. 

(b) No Award may be granted during any suspension of the Plan or after termination of the Plan. 

(c) No suspension or termination of the Plan (including termination of the Plan under Section 13, above) shall adversely affect any
rights under Awards already granted to a Grantee. 
 15. Reservation of Shares. 

(a) The Company, during the term of the Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to
satisfy the requirements of the Plan. 
 (b) The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority shall not have been obtained. 
 16. Rights as a Stockholder. 

(a) A Grantee shall have no rights as a stockholder with respect to any Shares covered by an Award until the date of the issuance of such
Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date
such Shares are issued, except as provided in Section 10 or another provision of the Plan. 
 (b) Except as provided in any Award
Agreement, during any period in which Shares acquired pursuant to an Award remain subject to vesting conditions, the Grantee shall have all of the rights of a stockholder of the Company holding shares of Common Stock, including the right to vote
such Shares and to receive all dividends and other distributions paid with respect to such Shares; provided, however, that if so determined by the Administrator and provided by the Award Agreement, such dividends and distributions shall be subject
to the same vesting conditions as the Shares subject to the Award with respect to which such dividends or distributions were paid, and otherwise shall be paid no later than the end of the calendar year in which such dividends or distributions are
paid to stockholders (or, if later, the 15th day of the third month following the date such dividends or distributions are paid to stockholders). In the event of a dividend or distribution paid in shares of Common Stock or other property or any
other adjustment made upon a change in the capital structure of the Company as described in Section 10, any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which Grantee is
entitled by reason of the Grantee’s Award shall be immediately subject to the same vesting conditions as the Shares subject to the Award with respect to which such dividends or distributions were paid or adjustments were made. 

17. Delivery of Title to Shares. Subject to any governing rules or regulations, the Company shall issue or cause to be issued the
Shares acquired pursuant to an Award and shall deliver such Shares to or for the benefit of the Grantee by means of one or more of the following: (a) by delivering to the Grantee evidence of book entry shares of Common Stock credited to the
account of the Grantee, (b) by depositing such Shares for the benefit of the Grantee with any broker with which the Grantee has an account relationship, or (c) by delivering such Shares to the Grantee in certificate form. 

 18. Fractional Shares. The Company shall not be required to issue fractional shares upon
the exercise or settlement of any Award. 
 19. No Effect on Terms of Employment/Consulting Relationship. The Plan shall not confer
upon any Grantee any right with respect to the Grantee’s Continuous Active Service, nor shall it interfere in any way with his or her right or the right of the Company or any Related Entity to terminate the Grantee’s Continuous Active
Service at any time, with or without Cause, and with or without notice. The ability of the Company or any Related Entity to terminate the employment of a Grantee who is employed at will is in no way affected by its determination that the
Grantee’s Continuous Active Service has been terminated for Cause for the purposes of this Plan. 
 20. No Effect on Retirement and
Other Benefit Plans. Except as specifically provided in a retirement or other benefit plan of the Company or a Related Entity, Awards shall not be deemed compensation for purposes of computing benefits or contributions under any retirement plan
of the Company or a Related Entity, and shall not affect any benefits under any other benefit plan of any kind or any benefit plan subsequently instituted under which the availability or amount of benefits is related to level of compensation. The
Plan is not a “Retirement Plan” or “Welfare Plan” under the Employee Retirement Income Security Act of 1974, as amended. 

21. Forfeiture Events. 

(a) The Administrator may specify in an Award Agreement that the Grantee’s rights, payments, and benefits with respect to an Award shall
be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall not be limited to,
termination of Continuous Active Service for Cause or any act by a Grantee, whether before or after termination of Continuous Active Service, that would constitute Cause for termination of Continuous Active Service, or any accounting restatement due
to material noncompliance of the Company with any financial reporting requirements of securities laws as a result of which, and to the extent that, such reduction, cancellation, forfeiture, or recoupment is required by applicable securities laws,
including, without limitation, Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 
 (b) If the Company is
required to prepare an accounting restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, any Grantee who knowingly or through gross negligence
engaged in the misconduct, or who knowingly or through gross negligence failed to prevent the misconduct, and any Grantee who is one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002, shall
reimburse the Company for (i) the amount of any payment in settlement of an Award received by such Grantee during the twelve- (12-) month period following the first public issuance or filing with the United States Securities and Exchange
Commission (whichever first occurred) of the financial document embodying such financial reporting requirement, and (ii) any profits realized by such Grantee from the sale of securities of the Company during such twelve- (12-) month period.

 22. No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the
Company’s or a Related Entity’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part
of its business or assets; or (b) limit the right or power of the Company or a Related Entity to take any action which such entity deems to be necessary or appropriate. 

23. Unfunded Obligation. Grantees shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees
pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity shall be
required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust
investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or 

 
any Grantee account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity and a Grantee, or otherwise create any vested or
beneficial interest in any Grantee or the Grantee’s creditors in any assets of the Company or a Related Entity. The Grantees shall have no claim against the Company or any Related Entity for any changes in the value of any assets that may be
invested or reinvested by the Company with respect to the Plan. 
 24. Choice of Law. Except to the extent governed by applicable
federal law, the validity, interpretation, construction and performance of the Plan and each Award Agreement shall be governed by the laws of the State of California, without regard to its conflict of law rules.

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