Document:

Exhibit 10.2

 

 

 

RENREN INC.

2016 SHARE INCENTIVE PLAN

 

 

 

ARTICLE 1

PURPOSE

 

The purpose of this 2016 Share
Incentive Plan (the “Plan”) is to promote the success and enhance the value of Renren Inc., an exempted company
formed under the laws of the Cayman Islands (the “Company”), by linking the personal interests of the Directors,
Employees and Consultants to those of the shareholders of the Company and by providing such individuals with an incentive for outstanding
performance to generate superior returns to the shareholders of the Company. The Plan is further intended to provide flexibility
to the Company in its ability to motivate, attract, and retain the services of Directors, Employees and Consultants upon whose
judgment, interest, contribution and special effort the successful conduct of the Company’s operation is largely dependent.

 

ARTICLE 2

 

DEFINITIONS AND CONSTRUCTION

 

Wherever the following terms are used in
the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall
include the plural where the context so indicates.

 

2.1“Applicable Laws” means
the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate and securities laws of
the Cayman Islands, the Code, the PRC tax laws, rules, regulations and government orders, the rules of any applicable stock exchange
or national market system, and the laws and the rules of any jurisdiction applicable to Awards granted to residents therein.

 

2.2“Applicable
Accounting Standards” shall mean Generally Accepted Accounting Principles in the United States, International Financial
Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements
under United States federal securities laws from time to time.

 

2.3“Award”
means an Option, a Restricted Share award, or a Restricted Share Unit award granted to a Participant pursuant to the Plan
or any other types of award as designed and approved from time to time by the Committee or the Board, as the case may be, pursuant
to Article 10 of the Plan in compliance with Applicable Laws.

 

2.4“Award Agreement”
means any written agreement, contract, or other instrument or document, including through an electronic medium, entered into
by and between the Company and a Participant and any amendment thereto, evidencing the grant of an Award, including an Option
Award Agreement, a Restricted Shares Award Agreement or a Restricted Share Units Award Agreement, each as defined herein.

 

2.5“Board” means the Board
of Directors of the Company.

 

 

      

     

    

 

2.6“Change in Control”
means a change in ownership or control of the Company effected through either of the following transactions:

 

(a)the direct or indirect acquisition
by any person or related group of persons (other than an acquisition by 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 pursuant to a tender or exchange offer made
directly to the Company’s shareholders which a majority of the Incumbent Board (as defined below) who are not affiliates
or associates of the offeror under Rule 12b-2 promulgated under the Exchange Act do not recommend such shareholders accept, or

 

(b)the individuals who, as of the
Effective Date, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least
fifty percent (50%) of the Board; provided, however, that if the election, or nomination for election by the Company’s
shareholders, of any new member of the Board is approved by a vote of at least fifty percent (50%) of the Incumbent Board, such
new member of the Board shall be considered as a member of the Incumbent Board.

 

2.7“Code” means the Internal
Revenue Code of 1986 of the United States, as amended.

 

2.8“Committee” means the
committee of the Board described in Article 10.

 

2.9“Consultant” means
any consultant or adviser if: (a) the consultant or adviser renders bona fide services to a Service Recipient; (b) the services
rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction
and do not directly or indirectly promote or maintain a market for the Company’s securities; and (c)the consultant or
adviser is a natural person who has contracted directly with the Service Recipient to render such services.

 

2.10 “Corporate Transaction”,
unless otherwise defined in an Award Agreement, means any of the following transactions; provided, however, that the Committee
shall determine under (d) and (e) whether multiple transactions are related, and its determination shall be final, binding and
conclusive:

 

(a)an amalgamation, arrangement or
consolidation or scheme of arrangement (i) in which the Company is not the surviving entity, except for a transaction the principal
purpose of which is to change the jurisdiction in which the Company is incorporated or (ii) following which the holders of the
voting securities of the Company do not continue to hold more than 50% of the combined voting power of the voting securities of
the surviving entity;

 

(b)the sale, transfer or other disposition
of all or substantially all of the assets of the Company;

 

(c) the complete liquidation or dissolution of the Company; 

 

 

    2 

     

    

(d)any reverse takeover or series
of related transactions culminating in a reverse takeover (including, but not limited to, a tender offer followed by a reverse
takeover) in which the Company is the surviving entity but (A) the Company’s equity securities outstanding immediately prior
to such takeover are converted or exchanged by virtue of the takeover into other property, whether in the form of securities, cash
or otherwise, or (B) in which securities possessing more than fifty percent (50%) 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 takeover or the initial transaction culminating in such takeover, but excluding any such transaction or series of related
transactions that the Committee determines shall not be a Corporate Transaction; or

 

(e)acquisition in a single transaction
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 Committee determines shall not be a Corporate Transaction.

 

2.11 “Director” means
a member of the Board or a member of the board of directors of any Subsidiary of the Company.

 

2.12 “Disability”, unless
otherwise defined in an Award Agreement, means that the Participant qualifies to receive long-term disability payments under the
long-term disability insurance program, as it may be amended from time to time, of the Service Recipient to which the Participant
provides services regardless of whether the Participant is covered by such policy. If the Service Recipient to which the Participant
provides service does not have a long-term disability plan in place, “Disability” means that a Participant is unable
to carry out the responsibilities and functions of the position held by the Participant by reason of any medically determinable
physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will not be considered
to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Committee in its discretion.

 

2.13 “Effective Date” shall have
the meaning set forth in Section 11.1.

 

2.14 “Employee”
means any person, including an officer or a Director of any Group Entity, who is in the employ of a Service Recipient, subject
to the control and direction of the Service Recipient as to both the work to be performed and the manner and method of performance.
The payment of a director’s fee by a Service Recipient shall not be sufficient to constitute “employment” by
the Service Recipient.

 

2.15 “Exchange Act”
means the Securities Exchange Act of 1934 of the United States, as amended.

 

2.16 “Fair Market Value”
means, as of any date, the value of Shares determined as follows:

 

(a)If the Shares are listed
on one or more established stock exchanges or national market systems, including without limitation the New York Stock Exchange
or the NASDAQ Stock Market, its Fair Market Value shall be the closing sales price for such Shares (or the closing bid, if no
sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as determined by the Committee)
on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last
trading date such closing sales price or closing bid was reported), as reported on the website maintained by such exchange or
market system or such other source as the Committee deems reliable;

 

    3 

     

    

 

(b)If the Shares are regularly quoted
on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities dealer, its Fair Market Value
shall be the closing sales price for such Shares as quoted on such system or by such securities dealer on the date of determination,
but if 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 Shares 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 Committee deems reliable; or

 

(c)In the absence of an established
market for the Shares of the type described in (a) and (b), above, the Fair Market Value thereof shall be determined by the Committee
in good faith by reference to (i) the placing price of the latest private placement of the Shares and the development of the Company’s
business operations and the general economic and market conditions since such latest private placement, (ii) other third party
transactions involving the Shares and the development of the Company’s business operation and the general economic and market
conditions since such transaction, (iii) an independent valuation of the Shares, or (iv) such other methodologies or information
as the Committee determines to be indicative of Fair Market Value.

 

2.17 “Group Entity” means
any of the Company and Subsidiaries of the Company.

 

2.18 “Incentive Share
Option” means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision
thereto.

 

2.19 “Independent Director”
means (i) if the Shares or other securities representing the Shares are not listed on a stock exchange, a Director of the Company
who is a Non-Employee Director; and (ii) if the Shares or other securities representing the Shares are listed on one or more stock
exchanges, a Director of the Company who meets the standards of independence under the applicable corporate governance rules of
the stock exchanges.

 

2.20 “Non-Employee Director”
means a member of the Board who qualifies as a “Non-Employee Director” as defined in Rule 16b-3(b)(3) of the Exchange
Act, or any successor definition adopted by the Board.

 

2.21 “Non-Qualified Share
Option” means an Option that is not intended to be an Incentive Share Option.

 

2.22 “Option” means a
right granted to a Participant pursuant to Article 5 of the Plan to purchase a specified number of Shares at a specified price
during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option.

 

 

 

 

    4 

     

    

 

2.23 “Participant”
means a person who, as a Director, Consultant or Employee, has been granted an Award pursuant to the Plan.

 

2.24 “Parent”
means a parent corporation under Section 424(e) of the Code.

 

2.25 “Permissible Day”
means any calendar days except for those days when you are prohibited by the Company's written policy from trading the Company's
securities.

 

2.26 “Permitted Transfer” means
the following:

 

(a)transfer to the Company or a Subsidiary;

 

(b)transfer by gift to “immediate
family” as that term is defined in Rule 16a-1(e) promulgated under the Exchange Act;

 

(c)the designation of a beneficiary
to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises by the Participant’s
beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution;

 

(d)if the Participant has
suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s duly authorized
legal representative; or

 

(e)subject to the prior approval of
the Committee, transfer to one or more natural persons who are the Participant’s family members or entities owned and controlled
by the Participant and/or the Participant’s family members, including but not limited to trusts or other entities whose beneficiaries
or beneficial owners are the Participant and/or the Participant’s family members, or to such other persons or entities as
may be expressly approved by the Committee, pursuant to such conditions and procedures as the Committee may establish.

 

2.27 “Plan”
means this Renren Inc. 2016 Share Incentive Plan, as amended from time to time.

 

2.28 “PRC” means the People’s
Republic of China.

 

2.29 “Related Entity”
means any business, corporation, partnership, limited liability company or other entity in which the Company, a Parent or Subsidiary
of the Company holds a substantial ownership interest, directly or indirectly, or controls through contractual arrangements and
consolidates the financial results according to the Applicable Accounting Standards, but which is not a Subsidiary and which the
Board designates as a Related Entity for purposes of the Plan.

 

2.30 “Restricted Share”
means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to
risk of forfeiture.

 

2.31 “Restricted Share Unit” means an Award granted pursuant to Article 7.

 

 

 

 

    5 

     

    

 

2.32 “Securities Act”
means the Securities Act of 1933 of the United States, as amended.

 

2.33 “Service Recipient”
means the Company or Subsidiary of the Company to which a Participant provides services as an Employee, a Consultant or a Director.

 

2.34 “Share”
means the class A ordinary shares of the Company, par value US$0.001 per share, and such other securities of the Company that may
be substituted for Shares pursuant to Article 9.

 

2.35 “Subsidiary”
means any corporation or other entity of which a majority of the outstanding voting shares or voting power is beneficially owned
or controlled directly or indirectly by the Company, or an affiliated entity that the Company controls through contractual arrangements
and of which the Company consolidates the financial results according to the Applicable Accounting Standards.

 

ARTICLE 3

 

SHARES SUBJECT TO THE PLAN

 

3.1Number of Shares.

 

(a)Subject to the provisions
of Article 9 and Section 3.1(b), the maximum aggregate number of Shares which may be issued pursuant to all Awards (including Incentive
Share Options) is 53,596,236.

 

(b)To the extent that an
Award terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be available for the grant of
an Award pursuant to the Plan. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution for,
any outstanding awards of any entity acquired in any form or combination by a Group Entity shall not be counted against Shares
available for grant pursuant to the Plan. Shares delivered by the Participant or withheld by the Company upon the exercise of any
Award under the Plan in payment of the exercise price thereof or tax withholding thereon may again be optioned, granted or awarded
hereunder, subject to the limitations of Section 3.1(a). If any Restricted Shares are forfeited by the Participant or repurchased
by the Company, such Shares may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a).
Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would
cause an Incentive Share Option to fail to qualify as an incentive share option under Section 422 of the Code.

 

3.2Shares Distributed. Any Shares
distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares, treasury Shares or Shares
purchased on the open market. Additionally, at the discretion of the Committee, any Shares distributed pursuant to an Award may
be represented by American Depositary Shares.

 

 

 

 

    6 

     

    

ARTICLE 4

 

ELIGIBILITY AND PARTICIPATION

 

4.1Eligibility. Persons eligible to
participate in this Plan include Employees, Consultants, and Directors, as determined by the Committee.

 

4.2Participation. Subject
to the provisions of the Plan, the Committee may, from time to time, select from among all eligible individuals those to whom
Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right to be granted
an Award pursuant to this Plan.

 

4.3Jurisdictions. In order
to assure the viability of Awards granted to Participants employed in various jurisdictions, the Committee may provide for such
special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable
in the jurisdiction in which the Participant resides or is employed. Moreover, the Committee may approve such supplements to the
Plan or amendments, restatements, or alternative versions of the Plan as it may consider necessary or appropriate for such purposes
without thereby affecting the terms of the Plan as in effect for any other purpose; provided, however, that no such supplements,
amendments, restatements, or alternative versions shall increase the share limitations contained in Section 3.1 of the Plan. Notwithstanding
the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate any Applicable
Laws.

 

ARTICLE 5

OPTIONS

 

5.1General. The Committee is authorized
to grant Options to Participants on the following terms and conditions:

 

(a)Exercise Price. The Committee
shall determine the exercise price per Share subject to an Option, which may be either a fixed price or a variable price related
to the Fair Market Value of the Shares. The exercise price per Share shall be set forth in the Award Agreement. The exercise price
per Share subject to an Option may be adjusted in the absolute discretion of the Committee, the determination of which shall be
final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws, a re-pricing of Options
mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders or the approval
of the relevant Participants. Notwithstanding the foregoing, the exercise price per Share subject to an Option under an Award Agreement
shall not be increased without the approval of the relevant Participants.

 

(b)Time and Conditions of Exercise.
The Committee shall determine the time or times at which an Option may be exercised in whole or in part, including exercise prior
to vesting; provided, however, that the term of any Option granted under the Plan shall not exceed ten years, except as
provided in Section 12.2. The Committee shall also determine any conditions, if any, that must be satisfied before all or part
of an Option may be exercised.

 

 

 

 

    7 

     

    

 

(c)Payment. The Committee
shall determine the methods by which the exercise price of an Option may be paid and the methods by which Shares shall be delivered
or deemed to be delivered to Participants. Forms of payment may include, without limitation, (i) cash or check denominated in U.S.
Dollars, (ii) to the extent permissible under the Applicable Laws, cash or check in Renminbi, (iii) cash or check denominated in
any other local currency as approved by the Committee, (iv) Shares held for such period of time as may be required by the Committee
in order to avoid adverse financial accounting consequences and having a Fair Market Value on the date of delivery equal to the
aggregate exercise price of the Option or exercised portion thereof, (v) the delivery of a notice that the Participant has placed
a market sell order with a broker with respect to Shares then issuable upon exercise of the Option and that the broker has been
directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price;
provided, however, that payment of such proceeds is then made to the Company upon settlement of such sale, (vi) other property
acceptable to the Committee with a fair market value equal to the exercise price, or (vii) any combination of the foregoing. Notwithstanding
any other provision of the Plan to the contrary, no Participant who is a member of the Board or an “executive officer”
of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option
in any method which would violate Section 13(k) of the Exchange Act.

 

(d)Evidence of Grant.
All Options shall be evidenced by an Award Agreement between the Company and the Participant. The Award Agreement shall include
such additional provisions as may be specified by the Committee.

 

(e)Effects of Termination
of Employment or Service on Options. Termination of employment or service shall have the following effects on Options granted
to the Participants:

 

(i)Dismissal for Cause.
Unless otherwise provided in the Award Agreement, if a Participant’s employment by or service to the Service Recipient is
terminated by the Service Recipient for cause, the Participant’s Options will terminate upon such termination, whether or
not the Option is then vested and/or exercisable;

 

(ii)Death or Disability.
Unless otherwise provided in the Award Agreement, if a Participant’s employment by or service to the Service Recipient terminates
as a result of the Participant’s death or Disability:

 

		(1)	the Participant (or his or her legal representative or beneficiary, in the case of the Participant’s Disability or death,
respectively), will have until the date that is 12 months after the Participant’s termination of employment to exercise the
Participant’s Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of the
Participant’s termination of employment on account of death or Disability;

 

		(2)	the Options, to the extent not vested and exercisable on the date of the Participant’s
termination of employment or service, shall terminate upon the Participant’s
termination of employment or service on account of death or Disability; and

 

 

    8 

     

    

 

		(3)	the Options, to the extent exercisable for the 12-month
period following the Participant’s termination of employment or service and not exercised during such period, shall terminate
at the close of business on the last day of the 12-month period.

 

(iii) Other Terminations
of Employment or Service. Unless otherwise provided in the Award Agreement, if a Participant’s employment by or service
to the Service Recipient terminates for any reason other than a termination by the Service Recipient for cause or because of the
Participant’s death or Disability:

 

		(1)	the Participant will have until the date that is 90 Permissible Days after the Participant’s
termination of Employment or service to exercise his or her Options (or portion thereof) to the extent that such Options were vested
and exercisable on the date of the Participant’s termination of Employment or service;

 

		(2)	the Options, to the extent not vested and exercisable on the date of the Participant’s
termination of Employment or service, shall terminate upon the Participant’s termination of Employment or service; and

 

		(3)	the Options, to the extent exercisable for the 90-day period following the Participant’s
termination of Employment or service and not exercised during such period, shall terminate at the close of business on the last
day of the 90-day period.

 

5.2Incentive Share Options.
Incentive Share Options may be granted only to Employees of the Company, a Parent or a Subsidiary of the Company. Incentive Share
Options may not be granted to employees of a Related Entity or to Independent Directors or Consultants. The terms of any Incentive
Share Options granted pursuant to the Plan, in addition to the requirements of Section 5.1, must comply with the following additional
provisions of this Section 5.2:

 

(a)Expiration of Incentive
Share Option. An Incentive Share Option may not be exercised to any extent by anyone after the first to occur of the following
events:

 

(i)Ten (10) calendar years
from the date it is granted, unless an earlier time is set in the Award Agreement;

 

(ii)Three (3) calendar months
after the Participant’s termination of employment as an Employee; and

 

(iii)One (1) calendar year after the
date of the Participant’s termination of employment or service on account of Disability or death. Upon the Participant’s
Disability or death, any Incentive Share Options exercisable at the Participant’s Disability or death may be exercised by
the Participant’s legal representative or representatives, by the person or persons entitled to do so pursuant to the Participant’s
last will and testament, or, if the Participant fails to make testamentary disposition of such Incentive Share Option or dies
intestate, by the person or persons entitled to receive the Incentive Share Option pursuant to the applicable laws of descent
and distribution.

 

    9 

     

    

 

(b)Individual Dollar Limitation.
The aggregate Fair Market Value (determined as of the time the Option is granted) of all Shares with respect to which Incentive
Share Options are first exercisable by a Participant in any calendar year may not exceed US$100,000 or such other limitation as
imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Share Options are first exercisable
by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options.

 

(c)Exercise Price. The exercise
price of an Incentive Share Option shall be equal to the Fair Market Value on the date of grant. However, the exercise price of
any Incentive Share Option granted to any individual who, at the date of grant, owns Shares possessing more than ten percent of
the total combined voting power of all classes of shares of the Company or any Parent or Subsidiary of the Company may not be less
than 110% of Fair Market Value on the date of grant and such Option may not be exercisable for more than five years from the date
of grant.

 

(d)Transfer Restriction.
The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise of an Incentive Share Option
within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to
the Participant.

 

(e)Expiration of Incentive
Share Options. No Award of an Incentive Share Option may be made pursuant to this Plan after the tenth anniversary of the Effective
Date.

 

(f)Right to Exercise.
During a Participant’s lifetime, an Incentive Share Option may be exercised only by the Participant.

 

ARTICLE 6

 

RESTRICTED SHARES

 

6.1Grant of Restricted Shares. The
Committee is authorized to make Awards of Restricted Shares to any Participant selected by the Committee in such number and subject
to such terms and conditions as determined by the Committee. All Awards of Restricted Shares shall be evidenced by an Award Agreement.

 

6.2Restricted Share Award Agreement.
Each Award of Restricted Shares shall be evidenced by an Award Agreement that shall specify the period of restriction, the
number of Restricted Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine.
Unless the Committee determines otherwise, Restricted Shares shall be held by the Company as escrow agent until the restrictions
on such Restricted Shares have lapsed.

 

 

 

 

    10 

     

    

6.3Issuance and Restrictions.
Restricted Shares shall be subject to such restrictions on transferability and other restrictions as the Committee may impose
(including, without limitation, limitations on the right to vote Restricted Shares or the right to receive dividends on the Restricted
Shares). These restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such installments,
or otherwise, as the Committee determines at the time of the grant of the Award or thereafter.

 

6.4Forfeiture/Repurchase.
Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment
or service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions shall be
forfeited or repurchased in accordance with the Award Agreement; provided, however, that the Committee may (a) provide
in any Restricted Share Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Shares
will be waived in whole or in part in the event of terminations resulting from specified causes, and (b) in other cases waive
in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Shares.

 

6.5Certificates for Restricted
Shares. Restricted Shares granted pursuant to the Plan may be evidenced in such manner as the Committee shall determine. If
certificates representing Restricted Shares are registered in the name of the Participant, certificates must bear an appropriate
legend referring to the terms, conditions, and restrictions applicable to such Restricted Shares, and the Company may, at its
discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse.

 

6.6Removal of Restrictions.
Unless the Committee determines otherwise, Restricted Shares shall be held by the Company as escrow agent until the restrictions
on such Restricted Shares have lapsed. Except as otherwise provided in this Article 6, Restricted Shares granted under the Plan
shall be released from escrow as soon as practicable after the last day of the period of restriction. The Committee, in its discretion,
may accelerate the time at which any restrictions shall lapse or be removed. After the restrictions have lapsed, the Participant
shall be entitled to have any legend or legends under Section 6.5 removed from his or her Share certificate, and the Shares shall
be freely transferable by the Participant, subject to applicable legal restrictions. The Committee, in its discretion, may establish
procedures regarding the release of Shares from escrow and the removal of legends, as necessary or appropriate to minimize administrative
burdens on the Company.

 

ARTICLE 7

 

RESTRICTED SHARE UNITS

 

7.1Grant of Restricted Share
Units. The Committee, at any time and from time to time, may grant Restricted Share Units to Participants as the Committee,
in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Share
Units to be granted to each Participant.

 

7.2Restricted Share Units Award
Agreement. Each Award of Restricted Share Units shall be evidenced by an Award Agreement that shall specify any vesting conditions,
the number of Restricted Share Units granted, and such other terms and conditions as the Committee, in its sole discretion, shall
determine.

 

    11 

     

    

 

7.3Performance Objectives and
Other Terms. The Committee, in its discretion, may set performance objectives or other vesting criteria which, depending on
the extent to which they are met, will determine the number or value of Restricted Share Units that will be paid out to the Participants.

 

7.4Form and Timing of Payment
of Restricted Share Units. At the time of grant, the Committee shall specify the date or dates on which the Restricted Share
Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its sole discretion, may pay Restricted Share
Units in the form of cash, Shares or a combination thereof.

 

7.5Forfeiture/Repurchase.
Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment
or service during the applicable restriction period, Restricted Share Units that are at that time unvested shall be forfeited
or repurchased in accordance with the Award Agreement; provided, however, that the Committee may (a) provide in any Restricted
Share Unit Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Share Units will be
waived in whole or in part in the event of terminations resulting from specified causes, and (b) in other cases waive in whole
or in part restrictions or forfeiture and repurchase conditions relating to Restricted Share Units.

 

ARTICLE 8

 

PROVISIONS APPLICABLE TO AWARDS

 

8.1Stand-Alone and Tandem Awards.
Awards granted pursuant to the Plan may, in the discretion of the Committee, be granted either alone, in addition to, or in
tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be
granted either at the same time as or at a different time from the grant of such other Awards.

 

8.2Award Agreement. Awards
under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and limitations for each Award, which
may include the term of an Award, the provisions applicable in the event the Participant’s employment or service terminates,
and the Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award.

 

8.3Limits on Transfer. Except
for a Permitted Transfer or as otherwise expressly approved by the Committee, no right or interest of a Participant in any Award
may be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge or in favor
of any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant
to any other party. Awards will only be exercised by the Participant, and amounts payable or shares issuable pursuant to an Award
will be delivered only to, and, in the case of Shares, registered in the name of, the Participant. Any Permitted Transfer shall
be subject to the condition that the Committee receive evidence satisfactory to it that the transfer is being made for the purposes
set forth of the definition of “Permitted Transfer” in Section 2.26 hereof and on a basis consistent with the Company’s
lawful issue of securities.

 

    12 

     

    

 

8.4Beneficiaries. Notwithstanding
Section 8.3, a Participant may, in the manner determined by the Committee, designate a beneficiary to exercise the rights of the
Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal
guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions
of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise
provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If the Participant is married and
resides in a community property state, a designation of a person other than the Participant’s spouse as his or her beneficiary
with respect to more than 50% of the Participant’s interest in the Award shall not be effective without the prior written
consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant, payment shall be
made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject
to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation
is filed with the Committee.

 

8.5Performance Objectives and
Other Terms. The Committee, in its discretion, shall set performance objectives or other vesting criteria which, depending
on the extent to which they are met, will determine the number or value of the Awards that will be granted or paid out to the
Participants.

 

8.6Share Certificates.

 

(a)Notwithstanding anything herein to
the contrary, the Company shall not be required to issue or deliver any certificates evidencing the Shares pursuant to the exercise
of any Award unless and until the Committee has determined, with advice of counsel, that the issuance and delivery of such certificates
is in compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of any
exchange on which the Shares are listed or traded. All Share certificates delivered pursuant to the Plan are subject to any stop-transfer
orders and other restrictions as the Committee deems necessary or advisable to comply with all Applicable Laws and the rules of
any national securities exchange or automated quotation system on which the Shares are listed, quoted, or traded. The Committee
may place legends on any Share certificate to reference restrictions applicable to the Shares. In addition to the terms and conditions
provided herein, the Committee may require that a Participant make such reasonable covenants, agreements, and representations as
the Committee, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee
shall have the right to require any Participant to comply with any timing or other restrictions with respect to the settlement
or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee.

 

(b)Notwithstanding anything herein to
the contrary, unless otherwise determined by the Committee or required by Applicable Laws, the Company shall not deliver to any
Participant certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded on the
books of the Company or, as applicable, its transfer agent or share plan administrator.

 

 

 

 

    13 

     

    

8.7Paperless Administration.
Subject to Applicable Laws, the Committee may make Awards and provide applicable disclosure and procedures for exercise of
Awards by an internet website or interactive voice response system for the paperless administration of Awards.

 

8.8Foreign Currency. A Participant
may be required to provide evidence that any currency used to pay the exercise price of any Award was acquired and taken out of
the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control laws
and regulations. In the event the exercise price for an Award is paid in Renminbi or other foreign currency, as permitted by the
Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s
Bank of China for Renminbi, or for jurisdictions other than the PRC, the exchange rate as selected by the Committee on the date
of exercise.

 

ARTICLE 9

 

CHANGES IN CAPITAL STRUCTURE

 

9.1Adjustments. In the event
of any dividend, share split, combination or exchange of Shares, amalgamation, arrangement or consolidation, spin-off, recapitalization
or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change affecting
Shares or the price of a Share, the Committee shall make such proportionate adjustments, if any, necessary to reflect such change
with respect to (a) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to,
adjustments of the limitations in Section 3.1); (b) the terms and conditions of any outstanding Awards (including, without limitation,
any applicable performance targets or criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding
Awards under the Plan.

 

9.2Change in Control. Upon
a Change in Control, any Award previously granted pursuant to the Plan shall vest immediately unless the Committee determines
otherwise. Except as may otherwise be provided in any Award Agreement or any other written agreement entered into by and between
the Company and a Participant, upon, or in anticipation of, a Change in Control, the Committee may in its sole discretion provide
for (i) any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant
the right to exercise such Awards during a period of time as the Committee shall determine, (ii) either the purchase of any Award
for an amount of cash equal to the amount that could have been attained upon the exercise of such Award or realization of the
Participant’s rights had such Award been currently exercisable or payable or fully vested (and, for the avoidance of doubt,
if as of such date the Committee determines in good faith that no amount would have been attained upon the exercise of such Award
or realization of the Participant’s rights, then such Award may be terminated by the Company without payment), (iii) the
replacement of such Award with other rights or property selected by the Committee in its sole discretion or the assumption or
substitution of such Award by the successor or surviving corporation, or a parent or subsidiary thereof, with appropriate adjustments
as to the number and kind of Shares and prices, or (iv) payment of Awards in cash based on the value of Shares on the date of
the Change in Control plus reasonable interest on the Award through the date such Award would otherwise be vested or have been
paid in accordance with its original terms, if necessary to comply with Section 409A

of the Code.

 

    14 

     

    

9.3Outstanding
Awards – Corporate Transactions.
Except as may otherwise be provided in any Award Agreement or any other written agreement entered into by and between the Company
and a Participant, if the Committee anticipates the occurrence, or upon the occurrence, of a Corporate Transaction, the Committee
may, in its sole discretion, provide for (i) any and all Awards outstanding hereunder to terminate at a specific time in the future
and shall give each Participant the right to exercise the vested portion of such Awards during a period of time as the Committee
shall determine, or (ii) the purchase of any Award for an amount of cash equal to the amount that could have been attained upon
the exercise of such Award (and, for the avoidance of doubt, if as of such date the Committee determines in good faith that no
amount would have been attained upon the exercise of such Award, then such Award may be terminated by the Company without payment),
or (iii) the replacement of such Award with other rights or property selected by the Committee in its sole discretion or the assumption
of or substitution of such Award by the successor or surviving corporation, or a Parent or Subsidiary thereof, with appropriate
adjustments as to the number and kind of Shares and prices, or (iv) payment of such Award in cash based on the value of Shares
on the date of the Corporate Transaction plus reasonable interest on the Award through the date as determined by the Committee
when such Award would otherwise be vested or have been paid in accordance with its original terms, if necessary to comply with
Section 409A of the Code.

 

9.4Outstanding
Awards – Other Changes.
In the event of any other change in the capitalization of the Company or corporate change other than those specifically referred
to in this Article 9, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject
to Awards outstanding on the date on which such change occurs and in the per share grant or exercise price of each Award as the
Committee may consider appropriate to prevent dilution or enlargement of rights.

 

9.5No Other Rights. Except
as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision or consolidation of Shares
of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation,
merger, or consolidation of the Company or any other corporation. Except as expressly provided in the Plan or pursuant to action
of the Committee under the Plan, and no issuance by the Company of shares of any class, or securities convertible into shares
of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of Shares subject to
an Award or the grant or exercise price of any Award.

 

ARTICLE 10

 

ADMINISTRATION

 

10.1 Committee. The Plan
shall be administered by the Board, the compensation committee of the Board or any other committee of one or more members of the
Board (the “Committee”) to whom the Board shall delegate the authority to grant or amend Awards to Participants
other than any of the Committee members, Independent Directors and executive officers of the Company. Reference to the Committee
shall refer to the Board in absence of the Committee. Notwithstanding the foregoing, the full Board, acting by majority of its
members in office, shall conduct the general administration of the Plan if required by Applicable Laws, and with respect to Awards
granted to the Committee members and Independent Directors of the Company and for purposes of such Awards the term “Committee”
as used in the Plan shall be deemed to refer to the Board.

 

    15 

     

    

 

10.2 Action by the Committee. A majority
of the Committee shall constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present,
and acts approved unanimously in writing by all members of the Committee in lieu of a meeting, shall be deemed the acts of the
Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished
to that member by any officer or other employee of a Group Entity, the Company’s independent certified public accountants,
or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan.

 

10.3 Authority of the Committee.
Subject to any specific designation in the Plan, the Committee has the exclusive power, authority and discretion to:

 

(a)Designate Participants to receive Awards;

 

(b)Determine the type or types of Awards to be granted
to each Participant;

 

(c)Determine the number of Awards
to be granted and the number of Shares to which an Award will relate;

 

(d)Determine the terms and
conditions of any Award granted pursuant to the Plan, including but not limited to the exercise price, grant price or purchase
price, any 

restrictions or limitations on the Award, any schedule
for lapse of forfeiture restrictions or restrictions on the exercisability of an Award and accelerations or waivers thereof, and
any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee
in its sole discretion determines;

 

(e)Determine whether, to what
extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award may be paid in, cash,
Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;

 

(f)Prescribe the form of each
Award Agreement, which need not be identical for each Participant;

 

(g)Decide all other matters
that must be determined in connection with an Award;

 

(h)Subject to Article 12 establish,
adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan;

 

(i)Interpret the terms of,
and any matter arising pursuant to, the Plan or any Award Agreement;

 

(j) Amend terms and conditions
of Award Agreements, including but not 16 limited to reducing the exercise price per Share subject to an Option; and

 

    16 

     

    

 

(k)Make all other decisions and determinations
that may be required pursuant to the Plan or as the Committee deems necessary or advisable to administer the Plan, including design
and adopt from time to time new types of Awards that are in compliance with Applicable Laws.

 

10.4 Decisions Binding.
The Committee’s interpretation of the Plan, any Awards granted pursuant to the Plan and any Award Agreements and all decisions
and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties.

 

ARTICLE 11

 

EFFECTIVE AND EXPIRATION DATE

 

11.1 Effective Date. This Plan shall
become effective as of the date on which the Board adopts the Plan (the “Effective Date”).

 

11.2 Expiration Date. The Plan will
expire on, and no Award may be granted pursuant to the Plan after, the tenth anniversary of the Effective Date. Any Awards that
are outstanding on the tenth anniversary of the Effective Date shall remain in force according to the terms of the Plan and the
applicable Award Agreement.

 

ARTICLE 12

 

AMENDMENT, MODIFICATION, AND TERMINATION

 

12.1 Amendment, Modification,
And Termination. At any time and from time to time, the Board or the Committee may terminate, amend or modify the Plan; provided,
however, that to the extent necessary and desirable to comply with Applicable Laws or stock exchange rules, unless the Company
decides to follow home country practice not to seek shareholder approval for any amendment or modification of the Plan, the Company
shall obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required, including any amendment
to the Plan that (i) increases the number of Shares available under the Plan (other than any adjustment as provided by Article
9), (ii) permits the Committee to extend the term of the Plan or the exercise period for an Option beyond ten years from the date
of grant, or (iii) results in a change in eligibility requirements.

 

12.2 Awards Previously Granted. Except
with respect to amendments made pursuant to Section 12.1, no termination, amendment, or modification of the Plan shall adversely
affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant.

 

 

 

 

    17 

     

    

ARTICLE 13

 

GENERAL PROVISIONS

 

13.1 No Rights to Awards. No Participant,
employee or other person shall have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Committee
is obligated to treat Participants, employee and other persons uniformly.

 

13.2 No Shareholders Rights.
No Award gives the Participant any of the rights of a shareholder of the Company unless and until Shares are in fact issued to
such person in connection with such Award.

 

13.3 Taxes. No Shares shall be delivered
under the Plan to any Participant until such Participant has made arrangements acceptable to the Committee for the satisfaction
of any income and employment tax withholding obligations under Applicable Laws, including without limitation the PRC tax laws,
rules, regulations and government orders or the United States Federal, state or local tax laws, as applicable. The relevant Group
Entity shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount
sufficient to satisfy all applicable taxes (including the Participant’s payroll tax obligations) required by law to be withheld
with respect to any taxable event concerning a Participant arising as a result of this Plan. The Committee may in its discretion
and in satisfaction of the foregoing requirement allow a Participant to elect to have the Company withhold Shares otherwise issuable
under an Award (or allow the return of Shares) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding
any other provision of the Plan, the number of Shares which may be withheld with respect to the issuance, vesting, exercise or
payment of any Award (or which may be repurchased from the Participant of such Award after such Shares were acquired by the Participant
from the Company) in order to satisfy any income and payroll tax liabilities applicable to the Participant with respect to the
issuance, vesting, exercise or payment of the Award shall, unless specifically approved by the Committee, be limited to the number
of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities
based on the minimum statutory withholding rates for the applicable income and payroll tax purposes that are applicable to such
supplemental taxable income.

 

13.4 No Right to Employment
or Services. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right of the Service Recipient
to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue
in the employ or service of any Service Recipient.

 

13.5 Unfunded Status of Awards.
The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made
to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights
that are greater than those of a general creditor of the relevant Group Entity.

 

13.6 Indemnification.
To the extent allowable pursuant to Applicable Laws, each member of the Committee or of the Board shall be indemnified and held
harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member
in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or
she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid
by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her; provided, however, that
he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle
and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification
to which such persons may be entitled pursuant to the Company’s Memorandum of Association and Articles of Association, as
a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

 

    18 

     

    

 

13.7 Relationship to Other
Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any pension,
retirement, savings, profit sharing, group insurance, welfare or other benefit plan of any Group Entity except to the extent otherwise
expressly provided in writing in such other plan or an agreement thereunder.

 

13.8 Expenses. The expenses
of administering the Plan shall be borne by the Group Entities.

 

13.9 Titles and Headings.
The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the
text of the Plan, rather than such titles or headings, shall control.

 

13.10 Fractional Shares.
If an exercise of any Award shall result in the creation of a fractional Share under the Award, the Committee may determine, in
its discretion, whether (i) such fractional Share shall be issued, or (ii) cash (in the amount equal to the product of such fraction
multiplied by the Fair Market Value of a Share on the date the fractional Share otherwise would have been issued) shall be given
in lieu of such fractional Share, or (iii) such fractional Share shall be eliminated by rounding up or down as appropriate.

 

13.11 Limitations Applicable
to Section 16 Persons. Notwithstanding anything herein to the contrary, if the Company should become subject to Section 16
of the Exchange Act, then the Plan and any Award granted or awarded to any Participant who is then subject to Section 16 of the
Exchange Act shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the
Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive
rule. To the extent permitted by the Applicable Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended
to the extent necessary to conform to such applicable exemptive rule.

 

13.12 Government and Other
Regulations. The obligation of the Company to make payment of awards in Shares or otherwise shall be subject to all Applicable
Laws, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register any
of the Shares paid pursuant to the Plan under the Securities Act or any other similar law in any applicable jurisdiction. If the
Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act or other
Applicable Laws, the Company may restrict the transfer of such Shares in such manner as it deems advisable to ensure the availability
of any such exemption.

 

 

 

 

    19 

     

    

13.13 Governing Law.
The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the Cayman Islands.

 

13.14 Section 409A. To the extent
that the Committee determines that any Award granted under the Plan is or may become subject to Section 409A of the Code, the Award
Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent
applicable, the Plan and the Award Agreements shall be interpreted in accordance with Section 409A of the Code and the U.S. Department
of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulation or
other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event
that following the Effective Date the Committee determines that any Award may be subject to Section 409A of the Code and related
Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the
Committee may adopt such amendments to the Plan and the applicable Award agreement or adopt other policies and procedures (including
amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary
or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits
provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related U.S. Department
of Treasury guidance.

 

13.15 Appendices. With the approval
of the Board and subject to Section 12.1, the Committee may approve such supplements, amendments or appendices to the Plan as it
may consider necessary or appropriate for purposes of compliance with Applicable Laws or otherwise and such supplements, amendments
or appendices shall be considered a part of the Plan; provided, however, that no such supplements shall increase the share
limitations contained in Section 3.1 of the Plan.

 

 

    20Ex10_11

		
			Exhibit 10.11
		

		
			Employment Agreement
		

		
			This Agreement is entered into as of August 1, 2015, by and between David Schuette (the “Executive”) and Synchronoss Technologies, Inc., a Delaware corporation (the “Company”).   Except as otherwise provided herein, defined terms are set forth in Section 10 below.  
		

			
	
			
				 1.
			

			
	
			
			Duties and Scope of Employment.

			
	
			
				 (a)
			

			
	
			
			Position.  For the term of his employment under this Agreement (the “Employment”), the Company agrees to continue to employ Executive in the position of Executive Vice President, Enterprise Solutions Group.  Executive shall report to the Company’s Chief Executive Officer or his or her designee.  Executive’s principal workplace shall be in Bridgewater, New Jersey and shall be in such principal workplace a minimum of four days during each five-day business week unless Executive is traveling to customers, investor or business meetings or for other work-related reasons. 

			
	
			
				 (b)
			

			
	
			
			Obligations to the Company.  During his Employment, Executive (i) shall devote his full business efforts and time to the Company, (ii) shall not engage in any other employment, consulting or other business activity that would create a conflict of interest with the Company, (iii) shall not assist any person or entity in competing with the Company or in preparing to compete with the Company, and (iv) shall comply with the Company’s policies and rules, as they may be in effect from time to time.

			
	
			
				 (c)
			

			
	
			
			No Conflicting Obligations.  Executive represents and warrants to the Company that he is under no obligations or commitments, whether contractual or otherwise, that are inconsistent with his obligations under this Agreement.  Executive represents and warrants that he will not use or disclose, in connection with his Employment, any trade secrets or other proprietary information or intellectual property in which Executive or any other person has any right, title or interest and that his Employment will not infringe or violate the rights of any other person.  Executive represents and warrants to the Company that he has returned all property and confidential information belonging to any prior employer.

			
	
			
				 (d)
			

			
	
			
			Commencement Date.  This Agreement shall govern the terms of Executive’s Employment effective as of August 1, 2015 (the “Commencement Date”) through the Term (as defined in Section 5(a) below).

			
	
			
				 2.
			

			
	
			
			Compensation

			
	
			
				 (a)
			

			
	
			
			Salary.  The Company shall pay Executive as compensation for his services a base salary at a gross annual rate of not less than $440,000.  Such salary shall be payable in accordance with the Company’s standard payroll procedures.  (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as “Base Salary.”).

			
	
			
				 (b)
			

			
	
			
			Incentive Bonuses.  Executive shall be eligible for an annual incentive bonus with a target amount equal to 80% of his Base Salary (the “Target Bonus”).  Executive’s bonus (if any) 

		 

		

			 

		

		

			1

		

 

	shall be awarded based on criteria established by the Company’s Board of Directors (the “Board”) or its Compensation Committee.  Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided notice of termination under Section 5(b) prior to such time.  Any bonus for a fiscal year shall be paid within 21⁄2 months after the close of that fiscal year.  The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding.  

			
	
			
				 3.
			

			
	
			
			Paid Time Off and Employee Benefits.  During his Employment, Executive shall be eligible for paid time off in accordance with the Company’s paid time off policy, as it may be amended from time to time, with a minimum of 20 paid time off days per year, plus three floating holidays.  During his Employment, Executive shall be eligible to participate in the employee benefit plans maintained by the Company, subject in each case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or committee administering such plan.

			
	
			
				 4.
			

			
	
			
			Business Expenses.  During his Employment, Executive shall be authorized to incur necessary and reasonable travel, entertainment and other business expenses in connection with his duties hereunder.  The Company shall reimburse Executive for such expenses upon presentation of an itemized account and appropriate supporting documentation, all in accordance with the Company’s generally applicable policies; provided, however, in the event that Executive’s residence is not in Bridgewater, New Jersey, Executive shall not incur any expenses in traveling to or staying in Bridgewater, New Jersey.  Notwithstanding anything to the contrary herein, except to the extent any expense or reimbursement provided pursuant to this Agreement does not constitute a “deferral of compensation” within the meaning of Section 409A of the Code, (a) the amount of expenses eligible for reimbursement provided to Executive during any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to Executive in any other calendar year, (b) the reimbursements for expenses for which Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year following the calendar year in which the applicable expense is incurred and (c) the right to payment or reimbursement hereunder may not be liquidated or exchanged for any other benefit.  

			
	
			
				 5.
			

			
	
			
			Term of Employment.

			
	
			
				 (a)
			

			
	
			
			Employment Term.  The Company hereby employs Executive to render services to the Company in the position and with the duties and responsibilities described in Section 1 for the period commencing on the Commencement Date and ending upon the earlier of (i) December 31, 2017, and (ii) the date Executive’s Employment is terminated in accordance with Section 5(b) (the “Term”).  After the initial term of this Agreement, Executive’s Employment shall be “at will” and either Executive or the Company shall be entitled to terminate Executive’s Employment at any time and for any reason, with or without cause.  However, this Agreement will not govern the terms of Executive’s employment after the Term; provided, however, that Sections 1(b), 7, 8(a), 10(g), (h) and (i), and 11 shall survive the expiration of the Term.

			
	
			
				 (b)
			

			
	
			
			Termination of Employment.  The Company may terminate Executive’s Employment at any time and for any reason (or no reason), and with or without Cause, by giving Executive 30 days’ advance notice in writing.  Executive may terminate his Employment by giving the 

		 

		

			2

		

 

	Company 30 days’ advance notice in writing.  The Company shall have the right at any time during such 30-day period, to relieve Executive of his offices, duties and responsibilities and place him on a paid leave-of-absence status, provided that during such notice period, Executive shall remain a full-time employee of the Company and shall continue to receive his then current salary compensation and other benefits as provided in this Agreement.  Executive’s Employment shall terminate automatically in the event of his death.  The termination of Executive’s Employment shall not limit or otherwise affect his obligations under Section 7.

			
	
			
				 (c)
			

			
	
			
			Rights Upon Termination.  Upon Executive’s termination of Employment for any reason, Executive shall be entitled to the compensation, benefits and reimbursements described in Sections 1, 2, 3, and 4 for the period preceding the effective date of such termination.  Upon the termination of Executive’s Employment under certain circumstances, Executive may be entitled to additional severance pay benefits described in Section 6.  The payments under this Agreement shall fully discharge all responsibilities of the Company to Executive.  This Agreement shall terminate when all obligations of the parties hereunder have been satisfied.

			
	
			
				 (d)
			

			
	
			
			Rights Upon Death.  If Executive’s Employment ends due to death, Executive’s estate shall be entitled to receive an amount equal to his target bonus for the fiscal year in which his death occurred, prorated based on the number of days he was employed by the Company during that fiscal year.  All amounts under this Section 5(d) shall be paid on the first regularly scheduled payroll date that occurs on or after 60 days after Executive’s date of death.  

			
	
			
				 (e)
			

			
	
			
			Rights Upon Permanent Disability.  If Executive’s Employment ends due to Permanent Disability and a Separation occurs, Executive shall be entitled to receive (i) an amount equal to his Target Bonus for the fiscal year in which his Employment ended, prorated based on the number of days he was employed by the Company during that fiscal year, and (ii) a lump sum amount equal to the product of (A) 24 and (B) the monthly amount the Company was paying on behalf of Executive and his eligible dependents with respect to the Company’s health insurance plans in which Executive and his eligible dependents were participants as of the date of Separation.  The amounts payable under this Section 5(e) shall be paid on the first regularly scheduled payroll date that occurs on or after 60 days after Executive’s Separation.  

			
	
			
				 6.
			

			
	
			
			Termination Benefits.

			
	
			
				 (a)
			

			
	
			
			Preconditions.  Any other provision of this Agreement notwithstanding, Subsections (b) and (c) below shall not apply unless Executive:

			
	
			
				(i)
			

			
	
			
			Has executed (or, with respect to Section 5(d), the executor or his estate has executed) a general release of all claims Executive (or his executor or estate) may have against the Company or persons affiliated with the Company (substantially in the form attached hereto as Exhibit A) (the “Release”);

			
	
			
				(ii)
			

			
	
			
			Complies with Executive’s obligations under Section 7 of this Agreement;

			
	
			
				(iii)
			

			
	
			
			Has returned all property of the Company in Executive’s possession; and

		 

		

			3

		

 

			
	
			
				(iv)
			

			
	
			
			If requested by the Board, has resigned as a member of the Board and as a member of the boards of directors of all subsidiaries of the Company, to the extent applicable.

		
			Executive must execute and return the Release within the period of time set forth in the Release (the “Release Deadline”).  The Release Deadline will in no event be later than 50 days after Executive’s Separation.  If Executive fails to return the Release on or before the Release Deadline or if Executive revokes the Release, then Executive will not be entitled to the benefits described in this Section 6.  
		

			
	
			
				 (b)
			

			
	
			
			Severance Pay in the Absence of a Change in Control.  If, during the term of this Agreement and prior to the occurrence of a Change in Control or more than 24 months following a Change in Control, Executive resigns his Employment for Good Reason and a Separation occurs or the Company terminates Executive’s Employment with the Company for a reason other than death, Cause or Permanent Disability and a Separation occurs, then the Company shall pay Executive a lump sum severance payment equal to (i) one and one-half times his Base Salary in effect at the time of the termination of Employment, (ii) his average annual bonus based on the actual amounts received in the immediately preceding two years and (iii) the product of (A) 24 and (B) the monthly amount the Company was paying on behalf of Executive and his eligible dependents with respect to the Company’s health insurance plans in which Executive and his eligible dependents were participants as of the date of Separation.  Notwithstanding anything herein to the contrary, in the event that Executive Employment is terminated for a reason other than death, Cause or Permanent Disability or Executive resigns his Employment for Good Reason under this Subsection (b) within two years after commencement of employment with the Company, then in lieu of using the average bonus received in the immediately preceding two years for the above calculation, such calculation shall use his Target Bonus in the year of termination if such termination under this Subsection (b) occurs in the first year of employment with the Company and the actual bonus Executive received during the first year of employment with the Company if such termination under this Subsection (b) occurs in the second year of employment with the Company.  However, the amount of the severance payment under this Subsection (b) shall be reduced by the amount of any severance pay or pay in lieu of notice that Executive receives from the Company under a federal or state statute (including, without limitation, the Worker Adjustment and Retraining Notification Act).  

			
	
			
				 (c)
			

			
	
			
			Severance Pay in Connection with a Change in Control.  If, during the term of this Agreement and within 24 months following a Change in Control, Executive is subject to an Involuntary Termination, then (i) the Company shall pay Executive a lump sum severance payment equal to (x) two times his Base Salary in effect at the time of the termination of Employment plus two times Executive’s average bonus received in the immediately preceding two years and (y) a lump sum amount equal to the product of (A) 24 and (B) the monthly amount the Company was paying on behalf of Executive and his eligible dependents with respect to the Company’s health insurance plans in which Executive and his eligible dependents were participants as of the date of Separation , (ii) the vesting of all stock options and shares of restricted stock granted by the Company and held by Executive shall be accelerated in full as of the date of the Involuntary Termination.  Notwithstanding anything herein to the contrary, in the event that Executive is subject to an Involuntary Termination under this Subsection (c) within two years after commencement of employment with the 

		 

		

			4

		

 

	Company, then in lieu of using the average bonus received in the immediately preceding two years for the above calculation, such calculation shall use his Target Bonus in the year of the Involuntary Termination if such termination under this Subsection (c) occurs in the first year of employment with the Company and the actual bonus Executive received during the first year of employment with the Company if such termination under this Subsection (c) occurs in the second year of employment with the Company.  However, the amount of the severance payment under this Subsection (c) shall be reduced by the amount of any severance pay or pay in lieu of notice that Executive receives from the Company under a federal or state statute (including, without limitation, the Worker Adjustment and Retraining Notification Act).  

			
	
			
				 (d)
			

			
	
			
			Commencement of Severance Payments.  Payment of the severance pay provided for under this Agreement will be made on the first regularly scheduled payroll date that occurs on or after 60 days after Executive’s Separation, but only if Executive has complied with the release and other preconditions set forth in Subsection (a) (to the extent applicable).  

			
	
			
				 7.
			

			
	
			
			Protective Covenants.

			
	
			
				 (a)
			

			
	
			
			Non–Competition.  As one of the Company’s executive and management personnel and officer, Executive has acquired extensive and valuable knowledge and confidential information concerning the business of the Company, including certain trade secrets the Company wishes to protect. Executive further acknowledges that during his employment he will have access to and knowledge of Proprietary Information.  To protect the Company’s Proprietary Information, and in consideration of this Agreement, Executive agrees that during his employment with the Company and for a period of twelve (12) months after the termination of Executive’s employment with the Company for any reason, whether under this Agreement or otherwise (the “Restricted Period”), he will not directly or indirectly engage in (whether as an employee, consultant, proprietor, partner, director or otherwise), have any ownership interest in, or participate in the financing, operation, management or control of, any person, firm, corporation or business that engages in a Restricted Business in a Restricted Territory.  It is agreed that ownership of (i) no more than one percent (1%) of the outstanding voting stock of a publicly traded corporation or (ii) any stock he presently owns shall not constitute a violation of this Section.

			
	
			
				 (b)
			

			
	
			
			Non-Solicitation and Non-Servicing.  During his employment with the Company and continuing until the Restricted Period, Executive shall not directly or indirectly, personally or through others, 

			
	
			
				(i)
			

			
	
			
			attempt in any manner to solicit, persuade or induce any Client of the Company to terminate, reduce or refrain from renewing or extending its contractual or other relationship with the Company in regard to the purchase or licensing of products or services manufactured, marketed, licensed or sold by the Company, or to become a Client of or enter into any contractual or other relationship with Executive or any other individual, person or entity in regard to the purchase or license of products or services similar or identical to those manufactured, marketed or sold by the Company; or

			
	
			
				(ii)
			

			
	
			
			attempt in any manner to solicit, persuade or induce any individual, person or entity which is, or at any time during Executive’s employment with the Company was, a supplier of any product or service to the Company or vendor of the 

		 

		

			5

		

 

	Company (whether as a distributor, agent, employee or otherwise) to terminate, reduce or refrain from renewing or extending his, her or its contractual or other relationship with the Company; or

			
	
			
				(iii)
			

			
	
			
			render to or for any Client any services of the type rendered by the Company; or

			
	
			
				(iv)
			

			
	
			
			employ as an employee or retain as a consultant any person who is then, or at any time during the preceding twelve months was, an employee of or consultant to the Company (unless the Company had terminated the employment or engagement of such employee or exclusive consultant prior to the time of the alleged prohibited conduct), or persuade or attempt to persuade any employee of or consultant to the Company to leave the employ of the Company or to become employed as an employee or retained as a consultant by anyone other than the Company.

			
	
			
				 (c)
			

			
	
			
			Non-Disclosure.  Executive has entered into a Proprietary Information and Inventions Agreement with the Company, which is incorporated herein by reference.

			
	
			
				 (d)
			

			
	
			
			Reasonable.  Executive agrees and acknowledges that the time limitation on the restrictions in this Section 7, combined with the geographic scope, is reasonable.  Executive also acknowledges and agrees that this provision is reasonably necessary for the protection of Proprietary Information, that through his Employment he shall receive adequate consideration for any loss of opportunity associated with the provisions herein, and that these provisions provide a reasonable way of protecting the Company’s business value which will be imparted to him.  If any restriction set forth in this Section 7 is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

			
	
			
				 8.
			

			
	
			
			Successors.

			
	
			
				 (a)
			

			
	
			
			Company’s Successors.  This Agreement shall be binding upon any successor (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets.  For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which becomes bound by this Agreement.

			
	
			
				 (b)
			

			
	
			
			Employee’s Successors.  This Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

			
	
			
				 9.
			

			
	
			
			Taxes.

			
	
			
				 (a)
			

			
	
			
			Withholding Taxes.  All payments made under this Agreement shall be subject to reduction to reflect applicable withholding and payroll taxes or other deductions required to be withheld by law.  

			
	
			
				 (b)
			

			
	
			
			Tax Advice.  Executive is encouraged to obtain his own tax advice regarding his compensation from the Company.  Executive agrees that the Company does not have a duty 

		 

		

			6

		

 

	to design its compensation policies in a manner that minimizes Executive’s tax liabilities, and Executive shall not make any claim against the Company or the Board related to tax liabilities arising from Executive’s compensation. 

			
	
			
				 (c)
			

			
	
			
			Parachute Taxes.  Notwithstanding anything in this Agreement to the contrary, if it shall be determined that any payment or distribution by the Company to or for the benefit of Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (“Total Payments”) to be made to Executive would otherwise exceed the amount (the “Safe Harbor Amount”) that could be received by Executive without the imposition of an excise tax under Section 4999 of Code, then the Total Payments shall be reduced to the extent, and only to the extent, necessary to assure that their aggregate present value, as determined in accordance the applicable provisions of Section 280G of the Code and the regulations thereunder, does not exceed the greater of the following dollar amounts (the “Benefit Limit”): (i) the Safe Harbor Amount, or (ii) the greatest after-tax amount payable to Executive after taking into account any excise tax imposed under section 4999 of the Code on the Total Payments.  All determinations to be made under this subparagraph (c) shall be made by an independent public accounting firm selected by the Company before the date of the Change in Control (the “Accounting Firm”).  In determining whether such Benefit Limit is exceeded, the Accounting Firm shall make a reasonable determination of the value to be assigned to the restrictive covenants in effect for Executive pursuant to Section 7 of this Agreement, and the amount of his potential parachute payment under Section 280G of the Code shall be reduced by the value of those restrictive covenants to the extent consistent with Section 280G of the Code and the regulations thereunder. To the extent a reduction to the Total Payments is required to be made in accordance with this subparagraph (c), such reduction and/or cancellation of acceleration of equity awards shall occur in the order that provides the maximum economic benefit to Executive.  In the event that acceleration of equity awards is to be reduced, such acceleration of vesting also shall be canceled in the order that provides the maximum economic benefit to Executive.  Notwithstanding the foregoing, any reduction shall be made in a manner consistent with the requirements of section 409A of the Code and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.  All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this subparagraph (c) shall be borne solely by the Company.  The Company agrees to indemnify and hold harmless the Accounting Firm from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to this subparagraph (c), except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm. 

			
	
			
				 (d)
			

			
	
			
			Section 409A.  Each payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments.  If the Company determines that Executive is a “specified employee” under Section 409A(a)(2)(B)(i) of the Code at the time of his Separation, then (i) the severance payments under Section 6, to the extent that they are subject to Section 409A of the Code, shall commence on the first business day following (A) expiration of the six-month period measured from Executive’s Separation, or (B) the date of Executive’s death, and (ii) the installments that otherwise would have been paid prior to such date will be paid in a lump sum when such payments commence.  

		 

		

			7

		

 

			
	
			
				 10.
			

			
	
			
			Definitions.

			
	
			
				 (a)
			

			
	
			
			Cause.  For all purposes under this Agreement, “Cause” shall mean: 

			
	
			
				(i)
			

			
	
			
			An unauthorized use or disclosure by Executive of the Company’s confidential information or trade secrets, which use or disclosure causes material harm to the Company;

			
	
			
				(ii)
			

			
	
			
			A material breach by Executive of any material agreement between Executive and the Company;

			
	
			
				(iii)
			

			
	
			
			A material failure by Executive to comply with the Company’s written policies or rules;

			
	
			
				(iv)
			

			
	
			
			Executive’s conviction of, or plea of “guilty” or “no contest” to, a felony under the laws of the United States or any State thereof;

			
	
			
				(v)
			

			
	
			
			Executive’s gross negligence or willful misconduct which causes material harm to the Company;

			
	
			
				(vi)
			

			
	
			
			A continued failure by Executive to perform reasonably assigned duties after receiving written notification of such failure from the Board; or

			
	
			
				(vii)
			

			
	
			
			A failure by Executive to cooperate in good faith with a governmental or internal investigation of the Company or its directors, officers or employees, if the Company has requested Executive’s cooperation. 

			
	
			
				 (b)
			

			
	
			
			Change in Control.  For all purposes under this Agreement, “Change in Control” shall mean the occurrence of:

			
	
			
				(i)
			

			
	
			
			The acquisition, by a person or persons acting as a group, of the Company's stock that, together with other stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the Company;

			
	
			
				(ii)
			

			
	
			
			The acquisition, during a 12-month period ending on the date of the most recent acquisition, by a person or persons acting as a group, of 30% or more of the total voting power of the Company;

			
	
			
				(iii)
			

			
	
			
			The replacement of a majority of the members of the Board, during any 12-month period, by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of such appointment or election; or

			
	
			
				(iv)
			

			
	
			
			The acquisition, during a 12-month period ending on the date of the most recent acquisition, by a person or persons acting as a group, of the Company's assets having a total gross fair market value (determined without regard to any liabilities associated with such assets) of 80% or more of the total gross fair market value of all of the assets of the Company (determined without regard to any liabilities associated with such assets) immediately prior to such acquisition or acquisitions.

		 

		

			8

		

 

		
			Notwithstanding the foregoing, a Change in Control shall not be deemed to occur unless such transaction also qualifies as an event under Treas. Reg. §1.409A-3(i)(5)(v) (change in the ownership of a corporation), Treas. Reg. §1.409A-3(i)(5)(vi) (change in the effective control of a corporation), or Treas. Reg. §1.409A-3(i)(5)(vii) (change in the ownership of a substantial portion of a corporation's assets).
		

			
	
			
				 (c)
			

			
	
			
			Client.  For all purposes under this Agreement, “Client” shall mean (i) anyone who is a client of the Company as of, or at any time during the one-year period immediately preceding, the termination of Executive’s employment, but only if Executive had a direct relationship with, supervisory responsibility for or otherwise were involved with such client during Executive’s employment with the Company and (ii) any prospective client to whom the Company made a new business presentation (or similar offering of services) at any time during the one-year period immediately preceding, or six-month period immediately following, Executive’s employment termination (but only if initial discussions between the Company and such prospective client relating to the rendering of services occurred prior to the termination date, and only if Executive participated in or supervised such presentation and/or its preparation or the discussions leading up to it).  

			
	
			
				 (d)
			

			
	
			
			Code.  For all purposes under this Agreement, “Code” shall mean the Internal Revenue Code of 1986, as amended. 

			
	
			
				 (e)
			

			
	
			
			Company.  For all purposes under this Agreement, “Company” shall include Synchronoss Technologies, Inc. and all of its subsidiaries and affiliates.

			
	
			
				 (f)
			

			
	
			
			Good Reason.  For all purposes under this Agreement, “Good Reason” shall mean: 

			
	
			
				(i)
			

			
	
			
			a change in Executive’s position with the Company that materially reduces his level of authority or responsibility;

			
	
			
				(ii)
			

			
	
			
			a reduction in Executive’s base salary by more than 10% unless pursuant to a Company-wide salary reduction affecting all Executives proportionately; 

			
	
			
				(iii)
			

			
	
			
			relocation of Executive’s principal workplace by more than 50 miles from such workplace;

			
	
			
				(iv)
			

			
	
			
			a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to Executive immediately prior to such reduction; or

			
	
			
				(v)
			

			
	
			
			a material reduction in the kind or level of employee benefits to which Executive is entitled immediately prior to such reduction with the result that Executive’s overall benefits package is significantly reduced, unless such reduction is made in connection with a reduction in the kind or level of employee benefits of employees of the Company generally.

		
			A condition shall not be considered “Good Reason” unless Executive gives the Company written notice of such condition within 90 days after such condition comes into existence and the Company fails to remedy such condition within 30 days after receiving Executive’s written notice.  In addition, Executive’s resignation must occur within 12 months after the 

		 

		

			9

		

 

condition comes into existence.
		

			
	
			
				 (g)
			

			
	
			
			Involuntary Termination.  For all purposes under this Agreement, “Involuntary Termination” shall mean either (i) the Company terminates Executive’s Employment with the Company for a reason other than death, Cause or Permanent Disability and a Separation occurs, or (ii) Executive resigns his Employment for Good Reason and a Separation occurs. 

			
	
			
				 (h)
			

			
	
			
			Permanent Disability.  For all purposes under this Agreement, “Permanent Disability” shall mean Executive’s inability to perform the essential functions of Executive’s position, with or without reasonable accommodation, for a period of at least 120 consecutive days because of a physical or mental impairment.

			
	
			
				 (i)
			

			
	
			
			Proprietary Information.  For all purposes under this Agreement, “Proprietary Information” shall mean any and all confidential and/or proprietary knowledge, data or information of the Company.  By way of illustration but not limitation, Proprietary Information includes (i) trade secrets, inventions, mask works, ideas, processes, formulas, source and object codes, data, programs, other works of authorship, know‐how, improvements, discoveries, developments, designs and techniques; and (ii) information regarding plans for research, development, new products, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and (iii) information regarding the skills and compensation of other employees of the Company.  

			
	
			
				 (j)
			

			
	
			
			Restricted Business.  For all purposes under this Agreement, “Restricted Business” shall mean the design, development, marketing or sales of software, or any other process, system, product, or service marketed, sold or under development by the Company at the time Executive’s employment with the Company ends, whether during or after the Term. 

			
	
			
				 (k)
			

			
	
			
			Restricted Territory.  For all purposes under this Agreement, “Restricted Territory” shall mean any state, county, or locality in the United States or around the world in which the Company conducts business.

			
	
			
				 (l)
			

			
	
			
			Separation.  For all purposes under this Employment Agreement, “Separation” means a “separation from service,” as defined in the regulations under Section 409A of the Code.

			
	
			
				 (m)
			

			
	
			
			Solicit.  For all purposes under this Agreement, “solicit” shall mean (i) active solicitation of any Client or Company employee; (ii) the provision of information regarding any Client or Company employee to any third party where such information could be useful to such third party in attempting to obtain business from such Client or attempting to hire any such Company employee; (iii) participation in any meetings, discussions, or other communications with any third party regarding any Client or Company employee where the purpose or effect of such meeting, discussion or communication is to obtain business from such Client or employ such Company employee; and (iv) any other passive use of information about any Client or Company employee which has the purpose or effect of assisting a third party or causing harm to the business of the Company.  

			
	
			
				 11.
			

			
	
			
			Miscellaneous Provisions.

			
	
			
				 (a)
			

			
	
			
			Notice.  Notices and all other communications contemplated by this Agreement shall be in 

		 

		

			10

		

 

	writing and shall be deemed to have been duly given when personally delivered, when delivered by FedEx with delivery charges prepaid, or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid.  In the case of Executive, mailed notices shall be addressed to him at the home address that he most recently communicated to the Company in writing.  In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary.

			
	
			
				 (b)
			

			
	
			
			Modifications and Waivers.  No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive).  No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.

			
	
			
				 (c)
			

			
	
			
			Whole Agreement.  This Agreement and the Proprietary Information and Inventions Agreement supersede and replace any prior agreements, representations or understandings (whether oral or written and whether express or implied) between Executive and the Company and constitute the complete agreement between Executive and the Company regarding the subject matter set forth herein.  

			
	
			
				 (d)
			

			
	
			
			Choice of Law and Severability.  This Agreement shall be interpreted in accordance with the laws of the State of New Jersey (except their provisions governing the choice of law).  If any provision of this Agreement becomes or is deemed invalid, illegal or unenforceable in any applicable jurisdiction by reason of the scope, extent or duration of its coverage, then such provision shall be deemed amended to the minimum extent necessary to conform to applicable law so as to be valid and enforceable or, if such provision cannot be so amended without materially altering the intention of the parties, then such provision shall be stricken and the remainder of this Agreement shall continue in full force and effect.  If any provision of this Agreement is rendered illegal by any present or future statute, law, ordinance or regulation (collectively the “Law”), then such provision shall be curtailed or limited only to the minimum extent necessary to bring such provision into compliance with the Law.  All the other terms and provisions of this Agreement shall continue in full force and effect without impairment or limitation.

			
	
			
				 (e)
			

			
	
			
			No Assignment.  This Agreement and all rights and obligations of Executive hereunder are personal to Executive and may not be transferred or assigned by Executive at any time.  The Company may assign its rights under this Agreement to any entity that assumes the Company’s obligations hereunder in connection with any sale or transfer of all or a substantial portion of the Company’s assets to such entity.

			
	
			
				 (f)
			

			
	
			
			Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

			
	
			
				 (g)
			

			
	
			
			Survival.  The rights and obligations of the parties under the provisions of this Agreement (including without limitation Section 7 shall survive, and remaining binding and enforceable, notwithstanding the expiration of the Term, the termination of this Agreement the termination of Executive’s Employment hereunder or otherwise, to the extent necessary to preserve the intended benefits of such provision.  

		
			

		 

		

			11

		

 

IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written.
		

			
					
						 

				
	
					
						 

				
	
					
						 \s\ DAVID SCHUETTE

				
	
					
						David Schuette

				
	
					
						SYNCHRONOSS TECHNOLOGIES, INC.

				
	
					
						 

				
	
					
						By: \s\ STEPHEN WALDIS

				
	
					
						Stephen G. Waldis

				
	
					
						Chief Executive Officer

				

		
			 
		

		 

		

			12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}]]