Document:

Exhibit

Exhibit 4.4
DESCRIPTION OF REGISTRANT’S SECURITIES 
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934
DESCRIPTION OF CAPITAL STOCK
General
The following description summarizes certain important terms of the capital stock of Pluralsight, Inc. (the "company," "we," "us," and "our") and provisions of our amended and restated certificate of incorporation and amended and restated bylaws. Because it is only a summary, it does not contain all the information that may be important to you. For a complete description of the matters set forth herein, you should refer to our amended and restated certificate of incorporation and amended and restated bylaws, copies of which have been filed as exhibits to this Annual Report on Form 10-K, and to the applicable provisions of Delaware law.
Our authorized capital stock consists of 1,350,000,000 shares of capital stock, $0.0001 par value per share, of which:
•1,000,000,000 shares are designated as Class A common stock;
•200,000,000 shares are designated as Class B common stock;
•50,000,000 shares are designated as Class C common stock; and
•100,000,000 shares are designated as preferred stock.
Pursuant to the terms of our amended and restated certificate of incorporation, no shares of our Class B common stock or Class C common stock may be issued except to a holder of common limited liability units ("LLC Units") of Pluralsight Holdings, LLC ("Pluralsight Holdings") (other than to us or any subsidiary of ours that is a holder of LLC Units), such that after such issuance of Class B common stock or Class C common stock such holder of LLC Units holds an identical number of LLC Units and shares of Class B common stock or Class C common stock, as applicable.  
Common Stock
We have three classes of authorized common stock, Class A common stock, Class B common stock, and Class C common stock. The Class A common stock, Class B common stock, and Class C common stock will generally vote together as a single class on all matters submitted to a vote of stockholders, except as otherwise required by applicable law.
Common Stock Right to Receive Liquidation Distributions
If we become subject to a liquidation, dissolution, or winding-up, the assets legally available for distribution to our stockholders would be distributable ratably among the holders of our Class A common stock, Class B common stock, Class C common stock, and any participating preferred stock outstanding at that time, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights of and the payment of liquidation preferences, if any, on any outstanding shares of preferred stock and the limits on the amounts received by the holders of our Class B common stock and Class C common stock. Specifically, the holders of our Class B common stock and Class C common stock shall be entitled to receive up to $0.0001 per share of Class B common stock or Class C common stock, respectively, and upon receiving such amount, such holders of our shares of Class B common stock and Class C common stock shall not be entitled to receive any other assets or funds of ours.
Class A Common Stock
Dividend Rights
Subject to preferences that may apply to any shares of preferred stock outstanding at the time, the holders of our Class A common stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determine. 
Voting Rights
Holders of our Class A common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders. We have not provided for cumulative voting for the election of directors in our amended and restated certificate of incorporation.

No Preemptive or Similar Rights
Our Class A common stock is not entitled to preemptive rights, and is not subject to conversion, redemption or sinking fund provisions.
Class B Common Stock
Dividend Rights
Holders of our Class B common stock do not have any rights to receive dividends.
Voting Rights
Holders of our Class B common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders. Shares of Class B common stock were issued on a one-for-one basis to the members of Pluralsight Holdings who retained LLC Units ("Continuing Members"), other than Aaron Skonnard and his affiliates, except to the extent such Continuing Member contributed a portion of their LLC Units to Pluralsight, Inc. in exchange for Class A common stock. Accordingly, such Continuing Members, by virtue of their Class B common stock, collectively have a number of votes in Pluralsight, Inc. that is equal to the aggregate number of LLC Units that they hold. When an LLC Unit is exchanged by such holders, a corresponding share of Class B common stock held by the exchanging owner is also exchanged and will be cancelled.
No Preemptive or Similar Rights
Our Class B common stock is not entitled to preemptive rights, and is not subject to conversion, redemption or sinking fund provisions.
Transferability
Shares of Class B common stock are only transferable to the extent permitted by the Fourth Amended and Restated Limited Liability Company Agreement of Pluralsight Holdings (the "Fourth LLC Agreement") and must be transferred together with an equal number of LLC Units.
Class C Common Stock
Dividend Rights
Holders of our Class C common stock do not have any rights to receive dividends.
Voting Rights
Holders of our Class C common stock are entitled to 10 votes for each share held on all matters submitted to a vote of stockholders. All outstanding shares of Class C common stock are held by Aaron Skonnard and certain of his associated entities. Accordingly, Aaron Skonnard and his associated entities, by virtue of their Class C common stock, collectively have 10 times the number of votes in Pluralsight, Inc. as compared to the aggregate number of LLC Units that they hold. When a LLC Unit is exchanged by such holders, a corresponding share of Class C common stock held by the exchanging owner is also exchanged and will be cancelled. Under our amended and restated certificate of incorporation, approval of the holders of a majority of our Class C common stock is required to increase the number of authorized shares of our Class C common stock. Until the final conversion of all outstanding shares of Class C common stock pursuant to the terms of our amended and restated certificate of incorporation, our Class C common stock will have the right to vote as a separate class to amend or modify any provision of our amended and restated certificate of incorporation inconsistent with, or that otherwise alters, any provision of our amended and restated certificate of incorporation to modify the voting or conversion rights of our Class C common stock.
No Preemptive or Similar Rights
Our Class C common stock is not entitled to preemptive rights, and is not subject to redemption or sinking fund provisions.
Transferability
Shares of Class C common stock are only transferable to the extent permitted by the Fourth LLC Agreement and must be transferred together with an equal number of LLC Units.

Conversion
Each share of Class C common stock is convertible at any time at the option of the holder into one share of Class B common stock. Shares of Class C common stock will automatically convert into shares of Class B common stock upon sale or transfer (other than with respect to certain transfers described in our amended and restated certificate of incorporation, including transfers for estate planning or tax planning purposes to an affiliate where sole voting control with respect to the shares of Class C common stock is retained by the transferring holder, other than with respect to certain trusts associated with Mr. Skonnard). In the event of Aaron Skonnard’s death or disability, the shares of Class C common stock held by Mr. Skonnard shall immediately convert into shares of Class B common stock, unless at such time there is a designated proxy holder, as described in our amended and restated certificate of incorporation, that holds exclusive voting control over such shares of Class C common stock, in which case such shares of Class C common stock will convert into shares of Class B common stock upon the earlier of (i) nine months after the death or disability of Mr. Skonnard and (ii) the date upon which the designated proxy holder ceases to hold exclusive voting control of such shares of Class C common stock.
Each share of Class C common stock will also convert automatically into one share of Class B common stock upon (i) Mr. Skonnard’s termination for cause, as described in our amended and restated certificate of incorporation, from employment with us, Pluralsight Holdings, or any subsidiary thereof, (ii) the date that is seven years following the completion of our initial public offering, (iii) the date that is one year after Mr. Skonnard resigns from his position as our Chief Executive Officer and is no longer serving as Chairman of our board of directors, and (iv) the date when Mr. Skonnard, his family group, and their respective associated entities, hold shares of Class C common stock equal to less than 25% of the shares of Class C common stock held by Mr. Skonnard, his family group, and their respective associated entities as of the date of the filing of our amended and restated certificate of incorporation.
Preferred Stock
Our board of directors is authorized, subject to limitations prescribed by Delaware law and the listing standards of Nasdaq to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series, and to fix the designation, powers, preferences, and rights of the shares of each series and any of its qualifications, limitations or restrictions, in each case without further vote or action by our stockholders. Our board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of our Class A, Class B, or Class C common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in our control of our company and might adversely affect the market price of our Class A common stock and the voting and other rights of the holders of our Class A, Class B, and Class C common stock. We have no current plan to issue any shares of preferred stock.
Anti-Takeover Provisions
Delaware Law
We are governed by the provisions of Section 203 of the Delaware General Corporation Law. In general, Section 203 prohibits a public Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless:
•the transaction was approved by the board of directors prior to the time that the stockholder became an interested stockholder;
•upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding shares owned by directors who are also officers of the corporation and shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
•at or subsequent to the time the stockholder became an interested stockholder, the business combination was approved by the board of directors and authorized at an annual or special meeting of the stockholders, and not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.
In general, Section 203 defines a “business combination” to include mergers, asset sales and other transactions resulting in financial benefit to a stockholder and an “interested stockholder” as a person who, together with affiliates and associates, owns, 

or within three years did own, 15% or more of the corporation’s outstanding voting stock. These provisions may have the effect of delaying, deferring or preventing changes in control of our company.
Amended and Restated Certificate of Incorporation and Amended and Restated Bylaw Provisions
Our amended and restated certificate of incorporation and our amended and restated bylaws include a number of provisions that could deter hostile takeovers or delay or prevent changes in control of our board of directors or management team, and include the following:
Multiple Class Stock. As described above, our amended and restated certificate of incorporation provides for a multiple class common stock structure, which provides Aaron Skonnard and his affiliates with significant influence over matters requiring stockholder approval, including the election of directors and significant corporate transactions, such as a merger or other sale of our company or its assets.
Issuance of Undesignated Preferred Stock. As discussed above, our board of directors has the ability to designate and issue preferred stock with voting or other rights or preferences that could deter hostile takeovers or delay changes in our control or management.
Board of Directors Vacancies. Our amended and restated certificate of incorporation and amended and restated bylaws authorize only our board of directors to fill vacant directorships, including newly created seats. In addition, the number of directors constituting our board of directors can be set only by a resolution adopted by a majority vote of our entire board of directors. These provisions would prevent a stockholder from increasing the size of our board of directors and then gaining control of our board of directors by filling the resulting vacancies with its own nominees. This will make it more difficult to change the composition of our board of directors and will promote continuity of management.
Classified Board. Our amended and restated certificate of incorporation and amended and restated bylaws provide that our board of directors is classified into three classes of directors. A third party may be discouraged from making a tender offer or otherwise attempting to obtain control of us as it is more difficult and time consuming for stockholders to replace a majority of the directors on a classified board of directors. 
Stockholder Action; Special Meeting of Stockholders. Our amended and restated certificate of incorporation provides that our stockholders may not take action by written consent, but may only take action at annual or special meetings of our stockholders. As a result, a holder controlling a majority of our capital stock would not be able to amend our amended and restated bylaws or remove directors without holding a meeting of our stockholders called in accordance with our amended and restated bylaws. Our amended and restated certificate of incorporation further provides that special meetings of our stockholders may be called only by a majority of our board of directors, the Chairperson of our board of directors or our Chief Executive Officer, thus prohibiting a stockholder from calling a special meeting. These provisions might delay the ability of our stockholders to force consideration of a proposal or for stockholders controlling a majority of our capital stock to take any action, including the removal of directors.
Advance Notice Requirements for Stockholder Proposals and Director Nominations. Our amended and restated bylaws provide advance notice procedures for stockholders seeking to bring business before our annual meeting of stockholders or to nominate candidates for election as directors at our annual meeting of stockholders. Our amended and restated bylaws also specify certain requirements regarding the form and content of a stockholder’s notice. These provisions might preclude our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our annual meeting of stockholders if the proper procedures are not followed. We expect that these provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of our company.
No Cumulative Voting. The Delaware General Corporation Law provides that stockholders are not entitled to cumulate votes in the election of directors unless a corporation’s certificate of incorporation provides otherwise. Our amended and restated certificate of incorporation does not provide for cumulative voting.
Directors Removed Only for Cause. Our amended and restated certificate of incorporation provides that stockholders may remove directors only for cause.
Amendment of Charter and Bylaws Provisions. Any amendment of the above provisions in our amended and restated certificate of incorporation and amended and restated bylaws requires approval by holders of at least two-thirds of the voting power of our then outstanding capital stock.
Issuance of Undesignated Preferred Stock. Our board of directors has the authority, without further action by our stockholders, to issue up to 100,000,000 shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of preferred stock would enable our 

board of directors to render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest, or other means.
Exclusive Forum
Our amended and restated bylaws provide that, unless we consent in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting a claim of breach of a fiduciary duty owed by any of our directors, officers, or other employees of ours or our stockholders, (iii) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, our amended and restated certificate of incorporation, or our amended and restated bylaws or (iv) any other action asserting a claim that is governed by the internal affairs doctrine shall be a state or federal court located within the State of Delaware, in substantially all cases. Our amended and restated bylaws also provide that, unless we consent in writing to the selection of an alternative forum, the federal district courts of the United States shall be the sole and exclusive forum for any action asserting a claim arising pursuant to the Securities Act. Any person or entity purchasing or otherwise acquiring any interest in our shares of capital stock shall be deemed to have notice of and consented to these provisions. Although we believe these provisions benefit us by providing increased consistency in the application of Delaware law for the specified types of actions and proceedings, the provisions may have the effect of discouraging lawsuits against us or our directors and officers.
Transfer Agent and Registrar
The transfer agent and registrar for our Class A common stock is American Stock Transfer & Trust Company, LLC. The transfer agent and registrar’s address is 6201 15th Avenue, Brooklyn, New York 11219, and its telephone number is (718) 921-8300.
Listing
Our Class A common stock is listed on Nasdaq under the symbol “PS”.Exhibit

Exhibit 10.13

EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (the "Agreement") is made and entered into effective as of the 28th day of October 2019 (the "Effective Date"), by and between Pluralsight, LLC (the "Company") and Ross Meyercord ("Executive").
RECITALS
Employee desires to be or is currently employed by the Company as an at-will employee.
The Company desires to employ or continue employing Executive and Executive desires to be employed or continue to be employed by the Company on the terms and conditions set forth herein.
This Agreement, together with the Confidentiality, Intellectual Property Assignment and Non-Solicitation Agreement (the "Confidentiality Agreement") and the Restricted Stock Unit Agreement, each executed by Executive concurrently herewith and the terms of which are incorporated herein by this reference, shall govern the terms and conditions of employment between the Executive and the Company.
AGREEMENT
NOW THEREFORE, in consideration of the foregoing, and in consideration of the mutual covenants and agreements set forth in this Agreement, the Company and Executive hereby mutually covenant and agree as set forth below.

1.Employment. The Company hereby agrees to employ Executive in the position of Chief Revenue Officer, and Executive hereby accepts employment with the Company, upon the terms and conditions set forth herein.

2.Term. Executive shall be employed by the Company from the Effective Date until Executive’s employment with the Company is terminated in accordance with Section 7 below (the "Term").

		
	3.
	Duties.

3.1.    General Duties. Executive will have and perform those duties and responsibilities which are appropriate and customary to the position held by Executive and any duties assigned or delegated to Executive from time to time, that are consistent with his position and that of an executive of the Company, by the Company’s CEO (the "CEO"). The Executive will report to the CEO.

3.2.    Performance. Executive will perform the duties, and discharge the responsibilities and obligations, required of and from Executive pursuant to the terms hereof. During the Term of this Agreement, Executive will be a full-time employee of the Company and will devote substantially all of his or her business time, energy, skill, and attention to the business of the Company, and the Company will be entitled to all of the benefits and profits arising from or incident to all such work, services, and advice of

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Executive rendered to the Company. Executive shall adhere to, the lawful policies established from time to time by the Company as well as the applicable federal, state, and local laws and regulations relating to the business of the Company and its associated operations.

3.3.    Undivided Attention. During the Term, Executive agrees not to perform services for any other person, business, or entity unrelated to the Company, whether as an employee, independent contractor, or otherwise without the prior written consent of the CEO; it being understood that the CEO’s consent is likely to be granted where the services are in the nature of engaging in non-profit charitable/civic activities or serving as an advisor or director to companies that do not compete with the business of the Company, provided that such pursuits or activities do not materially interfere with the services required to be rendered to the Company hereunder; provided, however, that nothing in this Agreement shall prohibit Executive’s pursuit of personal investment opportunities, provided that such pursuit does not interfere with the services required to be rendered to the Company hereunder, is consistent with the Company’s policies regarding conflicts of interest, including without limitation Section 8 hereof, and does not materially violate or infringe the covenants set forth in this Agreement or the Confidentiality Agreement.

		
	4.
	Compensation and Related Matters.

4.1.    Base Salary. In consideration for services rendered to the Company as provided herein, the Company will pay to Executive a base salary at a rate of $330,000.00 per annum, payable in accordance with the Company’s standard payroll practices in effect from time to time (the "Base Salary").  The Base Salary may be increased or decreased, from time to time, in accordance with normal business practices for all executives of the Company.

4.2.    Bonus. During the term of this Agreement, Executive shall be eligible to participate in any annual bonus plan made available by the Company to its employees generally, which plan may be modified, amended or terminated at any time, in the Company’s discretion. Individual goals and performance assessment, and discretionary bonus payments, if any, will be determined by the Company’s CEO or Board of Directors (the "Board"). If Executive’s employment with the Company terminates for any reason, Executive shall not be entitled to any portion of the bonus applicable to the year in which Executive was terminated or for any calendar year thereafter.

4.3.    Expenses. Executive will be entitled to receive prompt reimbursement for all reasonable expenses incurred by Executive in performing services hereunder, including expenses of travel while away from home on business in the service of the Company, provided that all expenses are incurred, documented, and accounted for in accordance with the policies and procedures as are established from time to time by the Company.

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4.4.    Executive Benefit Plans. During the term of this Agreement, Executive is entitled to participate in any employee benefit plans that may be made available by the Company to its employees generally, including, but not limited to, cafeteria plans and health, life, dental, or other insurance plans as may be in effect and/or modified from time to time and in accordance with and subject to the qualification requirements and the terms, conditions, and limitations established from time to time for individual participation in such plans.

4.5.    Paid Leave. Executive will be eligible to receive paid leave for vacation and/or sick leave consistent with policies adopted by the Company from time to time. Executive also will be entitled to all paid holidays given by the Company to its employees generally. Scheduling and use of paid leave and, if applicable, accrual of and compensation for unused paid leave, will be subject to the Company’s policies and procedures, as modified from time to time.

4.6.    Employee Perquisites. During the term of this Agreement, Executive is entitled to participate in any employee perquisites that may be made available by the Company to its employees generally, including but not limited to (i) gym and wellness reimbursement of up to $50 per month; (ii) snacks, drinks and other food policies as may be in effect from time to time; and (iii) tuition reimbursement in pre-approved courses at pre-approved locations of up to $1,500 per semester or $3,000 per year. All perquisites and reimbursements referenced in this Section 4.6 are subject to change or discontinuation at any time in accordance with the normal business practices of the Company.

4.7.    Deductions; Taxes. The Company shall have the right to deduct from the compensation due to Executive under this Agreement any and all sums required for Social Security, Medicare and other income withholding taxes and for any other federal, state, or local tax or charge which may be hereafter enacted or required by law as a charge on compensation of Executive. Neither the Company, nor any of its subsidiaries, affiliates, members, officers, managers, employees, or agents (a) has made any representation, assurance or guarantee to Executive regarding the tax treatment of any compensation to be paid to Executive hereunder; or (b) shall have any obligation or liability to indemnify, gross-up or reimburse Executive for, or hold him or her harmless against, any taxes or tax-related penalties or interest applicable to compensation earned by Executive under this Agreement or otherwise, including without limitation any taxes incurred under Internal Revenue Code (the "Code") Sections 409A or 4999.

4.8.    Corporate Housing. The Company will provide a housing reimbursement of up to $ 2,500.00 per month for a period of two (2) years, starting on the Executive’s first day of employment (the "Start Date"), to cover the cost of corporate housing in 

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Utah. If the corporate housing reimbursement is considered taxable income, then it will be reported as such and grossed up.

4.9.    New Hire Award. Subject to approval by the Company’s board, the Company will provide Executive a new hire award in the form of an equity grant of restricted stock units ("RSUs") in an amount equal to $6,000,000.00 (the "New Hire Award"). The New Hire Award will vest over four years, with 25% of the RSUs vesting on the first anniversary of the Executive’s Start Date and 1/16 of the RSUs vesting each quarter thereafter. The New Hire Award will be subject to the terms and conditions of the Company’s 2018 Equity Incentive Plan and the applicable agreement approved by the Company’s Board for the grant thereunder, which agreement will you be required to sign.

4.10.    Sign-On Bonus. The Company will make a one-time, pre-tax payment of
$317,500.00 (the "Sign-On Bonus") to Executive to cover transition expenses, including loss of income and forfeited bonus. The Sign-On Bonus will be paid according to the following schedule: 50% of the Sign-On Bonus will be included in Executive’s first pay check following the Start Date and the remaining 50% will be included in the pay check issued during the first payroll cycle of January 2020.

5.Equity Awards. Nothing in this Agreement shall alter, limit, or void the respective rights and obligations of the parties with regard to any equity award to Executive under any Pluralsight, Inc. equity incentive plan (the "Equity Award").

6.Conflict of Interest. Executive will not become involved in a situation which reasonably might create or appear to create a conflict of interest, including but not limited to being connected directly or indirectly with any business (as owner, officer, director, manager, participant, licensee, consultant, shareholder, or the recipient of wages) which is involved with any aspect of Executive’s duties or which is in direct or indirect competition with the Company. Executive will report immediately any circumstances or situations arising in the future that might involve Executive or appear to involve Executive in a conflict of interest, including without limitation the reporting of gifts, entertainment, or any other personal favors given to or received from anyone with whom the Company has or is likely to have any business dealings which go beyond common courtesies usually associated with accepted business practices.

7.Termination.  The employment of Executive hereunder shall be "at will" and may be terminated at any time, for any or no reason, by either the Company or Executive on thirty (30) days’ written notice to the other party. Notwithstanding the foregoing, (i) the Company may terminate Executive’s employment immediately and without prior notice for Cause (as defined below) or at the Company’s sole discretion by providing Executive with pay in lieu of the 30-day notice period; and (ii) the Executive may terminate the employment immediate and without prior notice for Good Reason (as defined below) and satisfaction of the criteria set forth in the definition of Good Reason.

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	8.
	Certain Defined Terms. For purposes of this Agreement:

8.1.    "Cause" shall mean (i) Executive’s willful conduct that is materially injurious to the Company or any its affiliates (whether monetary or otherwise) or the commission of any other material act or omission involving dishonesty with respect to the Company; (ii) Executive’s conviction of a felony or of a misdemeanor involving a crime of moral turpitude; (iii) Executive’s fraud, embezzlement, or misappropriation of any money, assets, or other property of the Company; (iv) Executive’s continued refusal to comply with any lawful request of the CEO or the Board that is consistent with his position or that of other Company executives, including without limitation failure to cooperate in any investigation conducted and/or undertaken by the Company that has reasonable and legitimate objectives; (v) Executive’s material breach of this Agreement or the Confidentiality Agreement, material violation of any Company policy that damages the Company or its affiliates, or violation of the Company’s then existing Insider Trading Policy or Discrimination and Harassment Policy; provided, however, Cause shall not exist under (iv) or (v) above unless Executive fails to cure such alleged Cause within thirty (30) days after receipt of written notice from the CEO, CFO or Chief Legal Officer stating in reasonable detail the grounds for Company’s determination that Cause exists hereunder.

8.2.    "Disability" shall mean any physical or mental incapacitation that results in Executive’s (i) becoming "disabled" (or such other similar term as is used the Company’s LTD plan) pursuant to the Company’s Long Term Disability Plan and (ii) eligible to receive disability benefits under such plan.

8.3.    "Good Reason" shall mean (i) any material adverse change in Executive’s titles, duties, responsibilities, authorities, or reporting relationships, including, but not limited to, any demotion or change in line of reporting, without Executive’s advance written consent; (ii) any reduction in the Base Salary or diminution in Executive’s annual bonus opportunity, in each case, without Executive’s advance written consent; (iii) any failure to pay Executive amounts he is due and payable from the Company or any of its affiliates; (iv) the Company’s (or any of its affiliates’) material breach of this Agreement or any other agreement to which Executive is a party; (v) the assignment to Executive of duties materially inconsistent with his position; and/or (vi) the permanent reassignment by the Company of the Executive’s primary office to a location that is more than 50 miles from the Company’s headquarters in Farmington, Utah. Notwithstanding the foregoing, any act or failure to act by the Company shall not be deemed material unless the Company has failed to cure such act or failure to act within thirty (30) days of the date that the Company is provided written notice by Executive stating in reasonable detail the grounds for Executive’s determination that such act or failure to act provides Good Reason.

		
	9.
	Effect of Termination.

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9.1.    Continuing Obligations. In the event Executive’s employment is terminated for any reason, all obligations of the Company and Executive under this Agreement shall cease, except that the terms of Sections 9 and 10 and any other provision which by its terms is so intended shall survive such termination. Upon such termination, Executive or his or her estate (in the event of Executive’s death) shall be entitled to receive (i) any accrued but unpaid base salary, (ii) any unreimbursed business expenses in accordance with the Company’s business expense policies, (iii) any bonus earned in respect of any prior year that has not yet been paid, (iv) any payments or benefits to which Executive is entitled pursuant to the terms of any compensation or employee benefit plan in which he participated, and (v) any other applicable compensation, benefits, and reimbursements set forth in Section 4 through the date of termination (collectively, (i)-(v) being the "Accrued Benefits").

9.2.    Termination Without Cause / For Good Reason. If the Company terminates this Agreement without Cause, or if Executive terminates this Agreement for Good Reason, then subject to Executive’s execution and delivery to the Company within a time period specified by the Company after Executive’s effective date of termination ("Termination Date") of a separation agreement and release of all claims ("Separation Agreement") in a form substantially similar to that attached as Exhibit A hereto and Executive’s non-revocation of such Separation Agreement: (i) the Company shall pay Executive severance pay in an amount equal to six (6) months of Executive’s Base Salary, less applicable withholdings ("Severance Payment"); and (ii) if Executive properly elects continuation coverage under the Company’s group medical insurance plan pursuant to Sections 601 through 607 of the Employee Retirement Income Security Act of 1974, as amended ("COBRA"), the Company will pay to Executive in addition to the Severance Payment the equivalent of that percentage of the premium for such medical plan coverage which the Company bears for similarly situated active Company employees and their enrolled family members immediately prior to the Termination Date through the earlier of (a) six (6) months from the Termination Date; (b) the date Executive first becomes eligible for coverage under any group health plan maintained by another employer of Executive or his or her spouse; or (c) the date such COBRA continuation coverage otherwise terminates as to Executive under the provisions of the Company’s group medical insurance plan ("COBRA Coverage"). Except as otherwise provided below, the Severance Payment shall be payable in equal periodic installments in accordance with the Company’s payroll practices and subject to withholding taxes on each regular payroll date of the Company commencing on the applicable Severance Commencement Date and continuing through the six (6) month anniversary thereof (the "Severance Period"). The applicable Severance Commencement Date shall be the first regularly scheduled Company payroll date that is at least 45 days after the Executive’s Termination Date. Collectively, the Severance Payment and COBRA Coverage shall be referred to herein as the "Severance Benefits."

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9.2.1.    Notwithstanding the foregoing, Executive shall be entitled to Severance Benefits in accordance with this Section 9.2 only so long as Executive has not materially breached any of the provisions of the Separation Agreement, the Confidentiality Agreement, or Section 10 of this Agreement.

9.2.2.    Notwithstanding the foregoing, if any equity securities of the Company or of any direct or indirect entity that is an affiliate of the Company is ìpublicly tradedî within the meaning of Code Section 409A(a)(2)(B) and Executive is a ìspecified employeeî (as defined in Treasury Regulation Section 1.409A-1(i)) at the time this Agreement is terminated, then subject to Section
9.2.3 below, any Severance Payments otherwise payable to Executive during the first six months and one day following the date of his or her separation from service pursuant to this Section 9.2.2 shall be deferred until the date that is six months and one day following such separation from service, and if such payments are required to be so deferred, the first payment shall be in an amount equal to the total amount to which Executive would otherwise have been entitled to during the period following the date of termination if the deferral had not been required, less any portion of the Executive’s premium the Company paid on his or her behalf for COBRA coverage as set forth above.

9.2.3.    Notwithstanding Section 9.2.2, any portion of the Severance Payments payable hereunder that do not exceed two times the lesser of (i) the sum of Executive’s annualized compensation based on the Executive’s annual rate of pay for the year immediately preceding the year of termination (or for the year of termination if Executive’s employment with Company commenced in the year of termination), adjusted for any increase in pay that was expected to continue indefinitely if the termination had not occurred and (ii) the Code Section 401(a)(17) limit applicable in the year of termination, shall be treated as separate benefits and payments for purposes of Code Section 409A, shall not be subject to the six-month and one-day delay rule in Section 9.2.2, and shall be paid as otherwise provided in Section 9.2.

9.2.4.    Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise after the termination of his employment hereunder, and any amounts earned by Executive, whether from self-employment, as a common-law employee or otherwise, shall not reduce the Severance Payment or any other payments or benefits to which Executive is entitled.

9.2.5.    The Severance Benefits shall not constitute, and are not intended to constitute, an employee welfare benefit plan, a welfare plan, an employee pension benefit plan, a pension plan or any other plan under the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §§ 1001 et seq. (ERISA).

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9.3.    Termination for Cause / Without Good Reason. If the Company terminates this Agreement for Cause or if Executive terminates this Agreement without Good Reason, then the Company shall pay Executive the Accrued Benefits.

9.4.    Death/Disability. If the Executive’s employment is terminated as a result of death or Disability, then Executive shall be entitled to the Accrued Benefits. Further, if Executive’s employment is terminated as a result of death, the Executive’s unvested equity will vest in accordance with the terms and conditions of the applicable equity incentive plans.

9.5.    Return of Company Property. Upon ceasing employment with the Company for any reason, Executive shall immediately return to the Company, and Executive shall have absolutely no right to use, any equipment and/or tangible property entrusted to Executive by the Company.

9.6.    Survival. The provisions of this Section 9 shall survive any termination of this Agreement and shall remain in effect as long as is necessary to give effect thereto.

		
	10.
	Restrictive Covenants.

10.1.    Acknowledgment. Executive acknowledges that (i) the Company has spent substantial time, effort, and money to develop the Company’s goodwill; recruitment and training of personnel, customer, author, and supplier relations; Confidential Information (as that term is defined in the Confidentiality Agreement); and its worldwide business in the educational technology and online software development training industry (the "Training Industry"); (ii) the Company’s customers, suppliers, authors, and independent contractors are and shall remain the sole and exclusive customers, suppliers, authors, and independent contractors of the Company; (iii) any new business or improvement in customer, supplier, author, or independent contractor relations attributable to Executive during Executive’s employment is for the sole benefit of the Company; (iv) the Company has and will continue to make a significant investment in the training and education of Executive, regardless of job title and department; (v) Executive will render services to the Company that are special, unique, and extraordinary; (vi) Executive’s efforts will contribute to the goodwill of the Company; and (vii) Executive has the means to support Executive and Executive’s dependents other than by engaging in the Training Industry as restricted herein.

10.2.    Covenant Period. For purposes of this Agreement, the term "Covenant Period" shall be defined as beginning on the earlier of the date of Executive’s acceptance of an offer of employment with the Company or the Effective Date of this Agreement and continuing for one (1) year from the date of termination of Executive’s employment with 

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the Company, whether Executive retires, resigns, quits, is fired or discharged, or otherwise ceases employment with the Company.

10.3.    Covenant Not to Compete. As a material term of this Agreement and to protect the goodwill, the Confidential Information, and the business of the Company, Executive agrees that during the Term of this Agreement, Executive does not, and will not, have any relationship with any customer, supplier, or independent contractor of the Company that is independent of Executive’s role as an Executive of the Company, unless the Company has given its prior written consent. Executive further agrees that during the Covenant Period, Executive shall not, anywhere in the world which engages in Training Industry, either individually or on behalf of or with any Person, directly or indirectly (a) compete with or against the Company or engage in any aspect of the Training Industry in competition with the Company; (b) directly or indirectly own, manage, operate, control, be employed by, or provide management or consulting services to any individual, firm, corporation (including any division or business unit thereof), entity, or organization (each, a "Person") (other than the Company, or any affiliate of the Company, or as a stockholder of less than 5% of the equities of a publicly traded corporation) that primarily competes with, or is primarily a competitor of, the Company ("Competing Person"); (c) render or provide any services to or for any Competing Person; or (d) discuss or otherwise deal with any customer, supplier, or independent contractor of the Company regarding the extent or nature of the present or future business of any customer, supplier, or independent contractor with the Company.

10.4.    Reformation. The Company intends to restrict Executive under this Agreement only to the extent necessary for the protection of the Company’s legitimate business interests. The Company and Executive agree that the scope, duration, and geographic area provisions are reasonable. In the event a court of competent jurisdiction concludes that any provision of this Agreement is too restrictive, such provision(s) shall nevertheless be valid and enforceable to the fullest extent permitted by such court, and such provision(s) shall be reformed to the maximum scope, time, or geographic limitations determined appropriate by such court.

10.5.    Remedies. In the event of an actual or threatened breach of this Section 10, Executive specifically acknowledges that the Company will suffer irreparable damage and other damages beyond those that can be calculated, for which the Company has no adequate remedy at law. Executive therefore acknowledges that the Company shall be entitled to injunctive relief. Executive hereby expressly waives any and all right to prior notice or to security in connection with temporary injunctive relief on behalf of the Company and to security in connection with permanent injunctive relief on behalf of the Company. Executive shall also remain liable for any damages sustained by reason of any actual or threatened breach by Executive of Sections 10. The exercise of one or more of the rights or remedies provided by this Agreement or otherwise shall not preclude the exercise of any other rights also provided.

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11.Rights of Other Persons. Executive shall not disclose to the Company, or use in the performance of his or her work or responsibilities for the Company, any proprietary or confidential information, any trade secret, or any other intellectual property of (a) Executive, (b) any former employer of Executive, or (c) any other Person, unless the Company has received written authorization from Executive or such former employer or other Person and the Company has instructed Executive in writing to do so. The provisions of this Section 11 are not intended to create any rights as an intended or third-party beneficiary for any third party.

12.Executive’s Representations and Warranties. Executive acknowledges, represents and warrants that the Recitals above are true and correct, and that Executive has read and understands the terms of this Agreement and has had the opportunity, if Executive so desires, to consult with independent legal counsel. Executive further warrants and represents that Executive’s employment with the Company will not conflict with or be constrained by any prior employment or consulting agreement with any other Person, including but not limited to any prior employer.

13.Subpoena; Court Order; Other Legal Requirement. If Executive is requested, under the terms of a subpoena or order or other compulsory instrument issued by or under the authority of a court or arbitrator(s) of competent jurisdiction or by a governmental agency, or is advised in writing by counsel for any such party that there is otherwise a legal obligation to disclose (i) all or any part of the Confidential Information, (ii) the fact that the Confidential Information has been made available to Executive, or (iii) any of the terms, conditions, or other facts with respect to Executive’s employment with the Company or the services provided by Executive to the Company, Executive agrees to, at the Company’s expense: (1) provide the Company with prompt written notice of the existence, terms, and circumstances surrounding such request or requirement; (2) consult with the Company on the advisability of taking steps to resist or narrow that request; (3) if disclosure of Confidential Information is required, furnish only such portion of the Confidential Information as Executive is advised in writing by Executive’s counsel is legally required to be disclosed (and the Company shall pay or promptly reimburse Executive for the legal fees and disbursements incurred by such counsel); and (4) cooperate with the Company, at the request of the Company and at the Company’s expense, in its efforts to obtain an order excusing the Confidential Information from disclosure, or an order or other reliable assurance that confidential treatment will be accorded to that portion of the Confidential Information that is required to be disclosed.

14.Post-Employment Cooperation. During Executive’s employment and for a period of two (2) years after the termination of Executive’s employment with the Company for any reason, Executive, shall reasonably cooperate and assist the Company, at the Company’s sole cost and expense, in any dispute, controversy, or litigation in which the Company may be involved (excluding any such proceeding in which Executive is an adverse party), including without limitation Executive’s participation in any court, arbitration, or other proceedings, the giving of testimony, the signing of affidavits or declarations, or such other reasonable 

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cooperation and assistance as the Company or counsel for the Company may reasonably request; provided, however that (i) any such cooperation shall not interfere with Executive’s other obligations, including, but not limited to, obligations to another employer, and the times and dates for any such cooperation shall be mutually agreed upon between the Company and the Executive, (ii) Executive’s cooperation requirement under this section shall be limited to the greatest extent possible and may not become unduly burdensome, (iii) in the event that the Executive concludes that his interests and the Company’s interests may not be identical, then the Executive may hire his own counsel in connection with such matter and the Company shall pay all legal fees and disbursements incurred in connection with such counsel and, will, upon Executive’s written request, advance to Executive any such legal fees and expenses.

		
	15.
	Miscellaneous.

15.1.    Severability. In the event that a court of competent jurisdiction determines that any portion of this Agreement is in violation of any statute or public policy, then only the portions of this Agreement which violate such statute or public policy shall be stricken. All portions of this Agreement which do not violate any statute or public policy shall continue in full force and effect. Further, any court order striking any portion of this Agreement shall modify the stricken terms to give as much effect as possible to the intentions of the parties under this Agreement.

15.2.    Notices. Any notice required by this Agreement shall either be hand- delivered or sent by registered or certified mail, return receipt requested, to Executive's residence or business address last known to the Company and to the Company's regular business address last known to Executive or to such other address as a party may specify to the other in writing. Mailed notices shall be deemed delivered three days after the date of mailing.

15.3.    New Employer Notification. Following the termination of this Agreement, Executive expressly consents to allow the Company to notify Executive’s subsequent employer(s) about the Company’s rights and Executive’s obligations under this Agreement.

15.4.    Governing Law and Mandatory Venue.  This Agreement shall be governed by the laws of the State of Utah without regard to any conflict of law provisions. All claims or disputes arising hereunder or in any way relating to Executive’s employment with the Company shall be subject to the exclusive jurisdiction of the state or federal courts situated in Salt Lake County, State of Utah, and each party hereby submits himself/herself/itself to the personal jurisdiction and mandatory venue of such courts. If any party violates this provision and files suit in another forum, the other party shall be entitled to anti-suit injunctive relief in the state and federal courts situated in Salt Lake County, State of Utah, enjoining the action in the improper forum.

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15.5.    Successors and Assigns. The rights and obligations of the Company under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the Company; provided, however that this Agreement may only be assigned to a successor to substantially all of the businesses and assets of the Company. Executive agrees that this includes, but is not limited to, Section 10. This Agreement is for the unique personal services of Executive, and Executive shall not be entitled to assign any of Executive’s rights or obligations hereunder.

15.6.    Entire Agreement; Amendment. This Agreement, the Confidentiality Agreement, the Restricted Stock Unit Agreement, and the Indemnification Agreement, which will be executed on or after the Start Date, constitute the entire agreement and understanding between the parties with respect to the subject matter hereof, and except as expressly stated herein, supersedes all prior agreements and understandings with respect thereto. Notwithstanding any Utah statutory or common law to the contrary, this Agreement can be amended or modified only in a writing signed by Executive and the CEO, whether or not a claimed modification is supported by separate consideration.

15.7.    No Waiver. No waiver by either party at any time of any breach by the other party of, or compliance with, any condition or provision of this Agreement to be performed by the other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same time or any prior or subsequent time.

15.8.    Headings. The headings herein contained are for reference only and shall not affect the meaning or interpretation of any provision of this Agreement.

15.9.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. Facsimile, PDF or other electronically delivered copies of signature pages to this Agreement shall be treated between the parties as original signatures for all purposes.

15.10    Attorneys’ Fees. Notwithstanding any Utah statutory or common law to the contrary, in the event of any action at law or in equity, whether relating to this Agreement or to Executive’s employment with the Company or the termination thereof, each party shall pay its/his/her own attorney’s fees incurred in prosecuting or defending any such action and hereby waives any right to seek attorney’s fees from the other party hereto.

15.11.    Code Section 409A.  To the extent any payments under this Agreement are subject to the provisions of Code Section 409A, it is intended that the Agreement will comply fully with and meet all the requirements of Code Section 409A. Notwithstanding anything in this Agreement to the contrary, the Employee acknowledges and agrees that neither the Company nor its subsidiaries, affiliates, owners, directors, managers, officers 

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or other agents makes or has made any representation, warranty, covenant or commitment to the Employee regarding the tax treatment of any compensation or other benefits provided to the Employee, including without limitation any representation, warranty, covenant or commitment relating to Code Section 409A. Neither the Company, nor its subsidiaries, affiliates, owners, directors, managers, officers or other agents, shall have any obligation or liability to reimburse or indemnify the Employee for, or hold the Employee harmless against, any taxes imposed on the Employee under the Code or otherwise.

16.Waiver of Trial by Jury.  The Company and Executive hereby irrevocably waive any and all constitutional, statutory, and other rights to a trial by jury in any and all actions or proceedings arising from or in any related to this Agreement or to Executive’s employment with the Company, including without limitation claims for breach of express or implied contract, discrimination, termination in violation of public policy, whistleblowing, defamation, and emotional distress.

IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement as of the Effective Date.

	
		
	THE COMPANY:

	 
	 

	PLURALSIGHT, LLC

	 
	 

	By:
	/s/ Aaron Skonnard

	Its:
	Chief Executive Officer

	 
	 

	EXECUTIVE:

	 
	 

	/s/ Ross Meyercord

	Ross Meyercord

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