Document:

2006 Incentive Plan

 Exhibit 10.12 
 TUPPERWARE BRANDS CORPORATION 
 2006 INCENTIVE PLAN 
 (as amended December 14, 2006 and January 26, 2009) 
 ARTICLE 1. Establishment, Purpose, and Duration 
 1.1. Establishment of the Plan. Tupperware Brands
Corporation, a Delaware corporation (hereinafter referred to as the “Company”), hereby establishes an incentive compensation plan to be known as the “Tupperware Brands Corporation 2006 Incentive Plan” (hereinafter referred to as
the “Plan”), as set forth in this document. The Plan permits the grant of Non-Qualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards and other stock-based
and non-stock-based awards. The Plan shall become effective as of the Effective Date, and shall remain in effect as provided in Section 1.3 herein. 
 1.2. Purpose of the Plan. The purpose of the Plan is to promote the success and enhance the value of the Company by linking the personal interests of Participants to those of the Company’s
stockholders and by providing Participants with an incentive for outstanding performance. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of Participants upon whose
judgment, interest, and special efforts the successful conduct of its operations largely is dependent. 
 1.3. Duration of the
Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors to terminate, amend or modify the Plan at any time pursuant to Article 16 herein, until all Shares subject to it shall
have been purchased or acquired according to the Plan’s provisions. 
 ARTICLE 2. Definitions 
 Whenever used in the Plan, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word
is capitalized: 
 (a) “Award” means, individually or collectively, a grant under this Plan of Non-Qualified Stock Options,
Incentive Stock Options, SARs, Restricted Stock, Restricted Stock Units, Performance Awards or other stock-based awards. 
 (b) “Award
Agreement” means an agreement entered into by each Participant and the Company, setting forth the terms and provisions applicable to Awards granted to Participants under this Plan, including without limitation, stock option agreements, SAR
agreements and restricted stock agreements. 
 (c) “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3 of
the General Rules and Regulations under the Exchange Act. 
 (d) “Beneficiary” means a person who may be designated by a
Participant pursuant to Article 12 and to whom any benefit under the Plan is to be paid in case of the Participant’s death or physical or mental incapacity, as determined by the Committee, before he or she receives any or all of such benefit.

 (e) “Board” or “Board of Directors” means the Board of Directors of the Company. 
 (f) “Cause” means (i) “Cause” as defined in any employment, consulting or similar agreement between the Participant and the
Company or one of its Subsidiaries or affiliates (an “Individual Agreement”), or (ii) if there is no such Individual Agreement or if it does not define Cause, (A) conviction of a Participant for committing a felony under federal
law or the laws of the state in which such action occurred, (B) dishonesty in the course of fulfilling a Participant’s employment duties, (C) willful and deliberate failure on the part of a Participant to perform his employment duties
in any material respect, including compliance with the Company’s 

 
Code of Conduct, or (D) before a Change of Control, such other events as shall be determined by the Committee. Before a Change of Control, the Committee
shall, unless otherwise provided in an Individual Agreement, have the sole discretion to determine whether “Cause” exists with respect to subclauses (A), (B) and (C) above, and its determination shall be final. 
 (g) “Change of Control” of the Company means: 
 i. An acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20 percent or more of either (1) the then outstanding Shares (the “Outstanding
Company Common Stock”) or (2) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of Directors (the “Outstanding Company Voting Securities”); excluding,
however, the following: (1) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired from the Company, (2) any
acquisition by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (4) any acquisition by any Person pursuant to a
transaction which complies with clauses (1), (2) and (3) of subsection (iii) of this definition; or 
 ii. A
change in the composition of the Board such that the individuals who, as of the Effective Date of the Plan, constitute the Board (such Board shall be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board; provided, however, for purposes of this definition, that any individual who becomes a member of the Board subsequent to such Effective Date, whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be considered as
though such individual were a member of the Incumbent Board; but, provided further, that any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest or other actual or
threatened solicitation of proxies or consents by or on behalf of a person or legal entity other than the Board shall not be so considered as a member of the Incumbent Board; or 
 iii. The consummation of a reorganization, merger, statutory share exchange or consolidation or sale or other disposition of all or
substantially all of the assets of the Company or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries or other similar transactions (“Corporate Transaction”), in each case unless, following such
Corporate Transaction, (1) all or substantially all of the individuals and entities who were the Beneficial Owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such
Corporate Transaction beneficially own, directly or indirectly, more than 50 percent of, respectively, the common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors,
as the case may be, of the entity resulting from such Corporate Transaction (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or
through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be,
(2) no Person (other than the Company, any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or such entity resulting from such Corporate Transaction) beneficially owns,
directly or indirectly, 20 percent or more of, respectively, the outstanding shares of Common Stock of the corporation resulting from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation
entitled to vote generally in the election of Directors except to the extent that such ownership existed with respect to the Company prior to the Corporate Transaction and (3) individuals who were members of the Incumbent Board at the time of
the execution of the initial agreement or of the action of the Board providing for such Corporate Transaction constitute at least a majority of the Board of Directors of the corporation resulting from such Corporate Transaction; or 
  

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 iv. The approval by the stockholders of the Company of a complete liquidation or
dissolution of the Company. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 (i) “Commission” means the Securities and Exchange Commission or any successor agency. 
 (j) “Committee” means the committee described in Article 3 or (unless otherwise stated) its designee pursuant to a delegation by the Committee
as contemplated by Section 3.3. 
 (k) “Common Stock” shall mean the common stock of the Company, par value $.01 per share.

 (l) “Company” means Tupperware Brands Corporation, a Delaware corporation, or any successor thereto as provided in Article 18
herein. 
 (m) “Covered Employee” has the meaning ascribed thereto in Section 162(m) of the Code and the regulations
thereunder. 
 (n) “Director” means any individual who is a member of the Board of Directors of the Company. 
 (o) “Disability” means the inability of an Employee to perform the material duties of his or her occupation as determined by the Committee.

 (p) “Effective Date” means the date the Plan is approved by the stockholders of the Company. 
 (q) “Employee” means any nonunion employee of the Company or of the Company’s Subsidiaries or affiliates. Directors who are not otherwise
employed by the Company shall not be considered Employees under this Plan. 
 (r) “Exchange Act” means the Securities Exchange Act
of 1934, as amended from time to time, or any successor act thereto. 
 (s) “Fair Market Value” means, except as expressly provided
otherwise, as of any given date, the closing sales price of the Common Stock during normal business hours on the New York Stock Exchange Composite Tape or, if not listed on such exchange, on any other national securities exchange on which the Common
Stock is listed or on NASDAQ. If there is no regular public trading market for such Common Stock, the Fair Market Value of the Common Stock shall be determined by the Committee in good faith. 
 (t) “Freestanding SAR” means a SAR that is granted independently of any Options pursuant to Section 7.1 herein. 
 (u) “Incentive Stock Option” or “ISO” means an option to purchase Shares, granted under Article 6 herein, which is designated as an
Incentive Stock Option and is intended to meet the requirements of Section 422 of the Code. 
 (v) “Insider” shall mean an
Employee who is, on the relevant date, an officer, Director, or more than ten percent (10 percent) Beneficial Owner of the Company. 
  

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 (w) “Non-Qualified Stock Option” or “NQSO” means an option to purchase Shares,
granted under Article 6 herein, which is not intended to be an Incentive Stock Option. 
 (x) “Option” or “Stock Option”
means an Incentive Stock Option or a Non-Qualified Stock Option. 
 (y) “Option Price” means the price at which a Share may be
purchased by a Participant pursuant to an Option, as determined by the Committee. 
 (z) “Outside Director” means a member of the
Board who qualifies as an outside director as defined in Rule 162(m) of the Code, as promulgated by the Internal Revenue Service (the “Service”) under the Code, or any implementing or interpretive regulations from time to time, or any
successor definition adopted by the Service. 
 (aa) “Participant” means an Employee of or a consultant to the Company or any of
its Subsidiaries or affiliates who has been granted an Award under the Plan. 
 (bb) “Performance Award” means an Award granted to
a Participant, as described in Article 10 herein, including Performance Units and Performance Shares. 
 (cc) “Performance Goals”
means the performance goals established by the Committee prior to the grant of Performance Awards that are based on the attainment of one or any combination of the following: specified levels of net income or earnings per share from continuing
operations, operating income, revenues, return on operating assets, return on equity, stockholder return (measured in terms of stock price appreciation) and/or total stockholder return (measured in terms of stock price appreciation plus cash
dividends), achievement of cost control, working capital turns, cash flow, net income, economic value added, segment profit, sales force growth, or stock price of the Company or such Subsidiary, division or department of the Company for or within
which the Participant primarily renders services and that are intended to qualify under Section 162(m) (4) (c) of the Code. Such Performance Goals also may be based upon the attaining of specified levels of Company performance under
one or more of the measures described above relative to the performance of other corporations. Such Performance Goals shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations.

 (dd) “Performance Period” means a time period during which Performance Goals established in connection with Performance Awards
must be met. 
 (ee) “Performance Unit” means an Award granted to a Participant, as described in Article 10 herein. 
 (ff) “Performance Share” means an Award granted to a Participant, as described in Article 10 herein. 
 (gg) “Restriction Period” or “Period” means the period or periods during which the transfer of Shares of Restricted Stock is limited
based on the passage of time and the continuation of service with the Company and the Shares are subject to a substantial risk of forfeiture, as provided in Article 8 herein. 
 (hh) “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d)
thereof, including a “group” as defined in Section 13(d). 
 (ii) “Restricted Stock” means an Award granted to a
Participant pursuant to Article 8 herein. 
 (jj) “Restricted Stock Unit” means an Award granted to a Participant pursuant to
Article 9 herein. 
  

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 (kk) “Share” means a share of common stock of the Company. 
 (ll) “Subsidiary” or “Subsidiaries” means any corporation or corporations in which the Company owns directly, or indirectly through
Subsidiaries, at least twenty-five percent (25 percent) of the total combined voting power of all classes of stock, or any other entity (including, but not limited to, partnerships and joint ventures) in which the Company owns at least twenty-five
percent (25 percent) of the combined equity thereof. 
 (mm) “Stock Appreciation Right” or “SAR” means an Award, granted
alone (Freestanding SAR) or in connection with a related Option (Tandem SAR), designated as a SAR, pursuant to the terms of Article 7 herein. 
 (nn) “Tandem SAR” means a SAR that is granted in connection with a related Option pursuant to Section 7.1 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and
when a Share is purchased under the Option, the Tandem SAR shall similarly be cancelled). 
 ARTICLE 3. Administration 
 3.1. The Committee. The Plan shall be administered by the Compensation and Governance Committee or such other committee of the Board as the Board
may from time to time designate, which shall be composed solely of not less than two Outside Directors, and shall be appointed by and serve at the pleasure of the Board. 
 3.2. Authority of the Committee. The Committee shall have plenary authority to grant Awards pursuant to the terms of the Plan to Employees of and to consultants to the Company and its Subsidiaries and
affiliates. 
 Among other things, the Committee shall have the authority, subject to the terms of the Plan: 
 (a) To select the Employees and consultants to whom Awards may from time to time be granted; 
 (b) To determine whether and to what extent Incentive Stock Options, Non-Qualified Stock Options, SARs, Restricted Stock, Restricted Stock Units,
Performance Awards or other stock-based or non-stock-based awards or any combination thereof are to be granted hereunder; 
 (c) To determine
the number of Shares to be covered by each Award granted hereunder; 
 (d) To determine (by approving the forms of Award Agreements or
otherwise by resolution) the terms and conditions of any Award granted hereunder (including, but not limited to, the Option Price (subject to Section 6.4 (a)) the duration, any vesting condition, restriction or limitation (which may be related
to the performance of the Participant, the Company or any Subsidiary or affiliate), any vesting acceleration or forfeiture waiver regarding any Award and the Shares relating thereto, and the impact on any Award from termination of employment
(whether as a consequence of death, Disability, retirement, action by the Company, action by the Employee or Change of Control) of an Employee, or the termination of services of a consultant, based on such factors as the Committee shall determine;

 (e) To determine the methodology of counting Shares available for grant under the terms of the Plan. 
 (f) To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time, including but not limited to Performance Goals,
unless at the time of establishment of goals the Committee shall have precluded its authority to make such adjustments; and 
  

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 (g) To determine to what extent and under what circumstances Shares and other amounts payable with
respect to an Award shall be deferred. 
 The Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and
practices governing the Plan as it shall from time to time deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating thereto), to create sub-plans that may be desirable
for limited groups of participants or jurisdictions and to otherwise supervise the administration of the Plan. 
 3.3. Action of
the Committee. The Committee may, to the fullest extent permitted by law and subject to such limitations and procedures as may be required by law or as the Committee may deem appropriate, (i) delegate to an officer of the Company the
authority to take actions or make decisions pursuant to Section 2(f), Section 3.2, Section 5.2, and Section 6.4, provided that no such delegation may be made that would cause Awards or other transactions under the Plan to
cease either to be exempt from Section 16(b) of the Exchange Act or to qualify as “qualified performance-based compensation” as such term is defined in the regulations promulgated under Section 162(m) of the Code, and
(ii) authorize any one or more of their members or any officer of the Company to execute and deliver documents on behalf of the Committee. 
 3.4. Decisions Binding. Any determination made by the Committee or pursuant to delegated authority pursuant to the provisions of the Plan with respect to any Award shall be made in the sole discretion of the Committee or such
delegate at the time of the grant of the Award or, unless in contravention of any express term of the Plan, at any time thereafter. All decisions made by the Committee or any appropriately delegated officer pursuant to the provisions of the Plan
shall be final and binding on all persons, including the Company and Plan Participants. 
 ARTICLE 4. Shares Subject to the Plan 
 4.1. Number of Shares. Subject to adjustment as provided in Section 4.3 herein, the total number of Shares available for grant under the
Plan shall be the sum of (x) 2,395,000 and (y) the number of Shares that remain available for issuance under the Tupperware Corporation 1996 Incentive Plan, the Tupperware Corporation 2000 Incentive Plan and the Tupperware Corporation 2002
Incentive Plan (collectively the “Prior Plans”). The total number of available Shares that may be used for Stock Options intended to be Incentive Stock Options, under the Plan shall be 2,395,000 Shares, the total number of
available shares that may be used for Restricted Stock Awards under the Plan shall be limited to 1,197,500 and the total amount of available Shares that may be used for Performance Awards under the Plan shall be limited to 1,050,500. No
Participant may be granted (i) Stock Options and Freestanding SARs in any one year covering, in the aggregate, in excess of 750,000 Shares, or (ii) Restricted Stock, Restricted Stock Units and Performance Awards in any one year in excess
of 250,000 Shares. Shares subject to an Award under the Plan may be authorized and unissued Shares or may be treasury Shares. As of the Effective Date, the Company shall cease to grant awards under the Tupperware Corporation 1996 Incentive
Plan, the Tupperware Corporation 2000 Incentive Plan and the Tupperware Corporation 2002 Incentive Plan (collectively the “Prior Plans”). Unused Shares available for the grant of awards under the Prior Plans shall be available
for the grant of awards under the Plan and shall not be counted for purposes of determining the maximum number of Shares available for delivery under the Plan except as specified in the first sentence of this Section 4.1., and provided that any
such shares shall be limited for use as Restricted Stock Awards under the Plan as they were limited under the Prior Plans. 
 4.2.
Lapsed Awards/Withheld Shares. If any Award granted under this Plan or the Prior Plans is cancelled, forfeited, terminates, expires, or lapses for any reason (with the exception of the termination of a Tandem SAR upon exercise of the
related Option or the termination of a related Option upon exercise of the corresponding Tandem SAR), any Shares subject to such Award again shall be available for the grant of an Award under the Plan. 
 4.3. Adjustments in Authorized Shares and Prices. In the event of any change in corporate capitalization, such as a stock split, or a corporate
transaction, such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in
Section 368 of the Code) or any partial or complete liquidation of the Company, the Committee or Board may make such substitution or adjustments in the aggregate 

  

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number and class of Shares reserved for issuance under the Plan, in the number, kind and Option Price of Shares subject to outstanding Stock Options or SARs,
in the number and kind of Shares subject to other outstanding Awards granted under the Plan or subject to limitations such as Restricted Stock Awards or Restricted Stock Units or per-Participant maximum awards and/or such other equitable
substitution or adjustments as it may determine to be appropriate in its sole discretion; provided, however, that the number of Shares subject to any Award shall always be a whole number; and provided further, however, that
notwithstanding the foregoing, in the event of a change in capitalization that is the result of an equity restructuring which is not the consequence of a corporate transaction with a third-party, such substitutions or adjustments shall be required
to be made. Such adjusted Option Price shall also be used to determine the amount payable by the Company upon the exercise of any Tandem SAR. Such substitutions and adjustments may include, without limitation, canceling any and all Awards in
exchange for cash payments based upon the value realized by shareholders generally with respect to Shares in connection with such a corporate transaction. 
 ARTICLE 5. Eligibility and Participation 
 5.1. Eligibility. Persons eligible to be granted Awards under this Plan
include all Employees of and all consultants to the Company or any of its Subsidiaries or affiliates, and all prospective Employees of and consultants to the Company or any of its Subsidiaries or affiliates, as determined by the Committee, including
Employees who are members of the Board, but excluding Directors who are not Employees. 
 5.2. Actual Participation. Subject to the
provisions of the Plan, the Committee may, from time to time, select from all eligible Employees and consultants, those to whom Awards shall be granted and shall determine the nature and amount of each Award. 
 ARTICLE 6. Stock Options 
 6.1. Grant of
Options. Stock Options may be granted alone or in addition to other Awards granted under the Plan and may be of two types: Incentive Stock Options and Non-Qualified Stock Options. Any Stock Option granted under the Plan shall be in such form as
the Committee may from time to time approve. The Committee shall have the authority to grant any optionee Incentive Stock Options, Non-Qualified Stock Options or both types of Stock Options (in each case with or without Stock Appreciation Rights);
provided, however, that grants hereunder are subject to the aggregate limit on grants to individual Participants set forth in Article 4. Incentive Stock Options may be granted only to employees of the Company and any “subsidiary
corporation” (as such term is defined in Section 424(f) of the Code). To the extent that any Stock Option is not designated as an Incentive Stock Option or even if so designated does not qualify as an Incentive Stock Option, it shall
constitute a Non-Qualified Stock Option. 
 6.2. Award Agreement. Stock Options shall be evidenced by Award Agreements, the terms and
provisions of which may differ. An Award Agreement shall indicate on its face whether it is intended to be an agreement for an Incentive Stock Option or a Non-Qualified Stock Option. The grant of a Stock Option shall occur on the date the Committee
by resolution selects an individual to be a Participant in any grant of a Stock Option, determines the number of Shares to be subject to such Stock Option to be granted to such individual and specifies the terms and provisions of the Stock Option,
or such later date as the Committee designates. The Company shall notify a Participant of any grant of a Stock Option, and a written Award Agreement or agreements shall be duly executed and delivered by the Company to the Participant. Such agreement
or agreements shall become effective upon execution by the Company and the Participant. 
 6.3. Incentive Stock Options. Notwithstanding any other provision of the Plan, no Incentive Stock Option may be granted under the Plan after the 10th anniversary of the Effective Date. 
  

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 6.4. Terms and Conditions. Stock Options granted under the Plan shall be subject to the following
terms and conditions and shall contain such additional terms and conditions as the Committee shall deem desirable: 
 (a) Stock Option
Price. The Option Price per Share purchasable under a Stock Option shall be determined by the Committee and set forth in the Award Agreement, and shall not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the
date of grant. 
 (b) Option Term. The term of each Stock Option shall be fixed by the Committee, but no Incentive Stock Option shall
be exercisable more than 10 years after the date the Stock Option is granted. 
 (c) Exercisability. Except as otherwise provided
herein, Stock Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee. If the Committee provides that any Stock Option is exercisable only in installments, the Committee may
at any time waive such installment exercise provisions, in whole or in part, based on such factors as the Committee may determine. In addition, the Committee may at any time accelerate the exercisability of any Stock Option. 
 (d) Method of Exercise. Subject to the provisions of this Article 6, Stock Options may be exercised, in whole or in part, at any time during the
term of the Stock Option by giving written notice of exercise to the Company specifying the number of Shares subject to the Stock Option to be purchased. 
 Such notice shall be accompanied by payment in full of the Option Price by certified or bank check or such other instrument as the Company may accept. Payment, in full or in part, may also be made in the form of
delivery of unrestricted Shares already owned by the optionee of the same class as the Shares subject to the Stock Option (based on the Fair Market Value of the Shares on the date the Stock Option is exercised) and, unless such Shares were acquired
in the open market, held for a period of not less than six months prior to the exercise of the Stock Option, or by certifying ownership of such Shares by the Participant to the satisfaction of the Company for later delivery to the Company as
specified by the Committee; provided, however, that, in the case of an Incentive Stock Option, the right to make a payment in the form of already owned Shares of the same class as the Shares subject to the Stock Option may be
authorized only at the time the Stock Option is granted. Payment may also be made in the case of an NQSO only by a “net exercise” arrangement pursuant to which the Company will reduce the shares of Common Stock issued upon exercise by the
largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from the Participant to the extent of any remaining balance of the
aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided, further, that shares of Common Stock will no longer be outstanding under a Stock Option and will not be exercisable thereafter to the
extent that (A) shares are used to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to satisfy tax withholding
obligations. In the discretion of the Committee and to the extent permitted by applicable law, as set forth in a form of Stock Option agreement or in a resolution of the Committee, payment for any Shares subject to a Stock Option may also (or only)
be made pursuant to a “cashless exercise” by delivering a properly executed exercise notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds
to pay the purchase price, and, if requested, the amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures with one or more brokerage firms.

 No Shares shall be issued until full payment therefor has been made. An optionee shall have all of the rights of a stockholder of the
Company holding the class or series of Shares that is subject to such Stock Option (including, if applicable, the right to vote the Shares and the right to receive dividends), when the optionee has given written notice of exercise and has paid in
full for such Shares. 
 (e) Restrictions on Share Transferability. The Committee may impose such restrictions on any Shares acquired
pursuant to the exercise of a Stock Option under the Plan as it may deem advisable, including, without limitation, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such Shares
are then listed and/or traded, and under any blue sky or state securities laws applicable to such Shares. 
  

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 ARTICLE 7. Stock Appreciation Rights 
 7.1. Grant of SARs. Subject to the terms and conditions of the Plan, a SAR may be granted to an Employee or consultant at any time and from time to time as shall be determined by the Committee. The Committee
may grant Freestanding SARs, Tandem SARs, or any combination of these forms of SAR. In the case of a Non-Qualified Stock Option, Tandem SARs may be granted either at or after the time of grant of such Stock Option. In the case of an Incentive Stock
Option, Tandem SARs may be granted only at the time of grant of such Stock Option. 
 The Committee shall have complete discretion in
determining the number of SARs granted to each Participant (subject to the aggregate limit on grants to individual Participants set forth in Article 4) and, consistent with the provisions of the Plan, in determining the terms and conditions
pertaining to such SARs. However, the grant price of a Freestanding SAR shall be at least equal to the Fair Market Value of a Share on the date of grant of the SAR. The grant price of Tandem SARs shall equal the Option Price of the related Option.
SARs may not be repriced without stockholder approval. 
 7.2. Exercise of Tandem SARs. Tandem SARs may be exercised for all or part
of the Shares subject to the related Option upon the surrender of the right to exercise the equivalent portion of the related Option. A Tandem SAR shall terminate and no longer be exercisable upon the termination or exercise of the related Stock
Option. A Tandem SAR may be exercised only with respect to the Shares for which its related Option is then exercisable. 
 Notwithstanding
any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (i) the Tandem SAR will expire no later than the expiration of the underlying ISO; (ii) the value of the payout with respect
to the Tandem SAR may be for no more than one hundred percent (100 percent) of the difference between the Option Price of the underlying ISO and the Fair Market Value of the Shares subject to the underlying ISO at the time the Tandem SAR is
exercised; and (iii) the Tandem SAR may be exercised only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price of the ISO. 
 7.3. Exercise of Freestanding SARs. Subject to the other provisions of this Article 7, Freestanding SARs may be exercised upon whatever terms and conditions the Committee, at its sole discretion, imposes upon
them. 
 7.4. SAR Agreement. Each SAR grant shall be evidenced by an Award Agreement that shall specify the grant price, the term of
the SAR, and such other provisions as the Committee shall determine. 
 7.5. Term of SARs. The term of a SAR granted under the Plan
shall be determined by the Committee, at its sole discretion; provided, however, that such term shall not exceed ten (10) years. 
 7.6. Payment of SAR Amount. Upon exercise of a SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying: 
 (a) The excess of the Fair Market Value of a Share on the date of exercise over the grant price of the SAR; by 
 (b) The number of Shares with respect to which the SAR is exercised. 
 At the discretion of the Committee, the payment upon SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof. 
 7.7. Rule 16-3 Requirements. Notwithstanding any other provision of the Plan, the Committee may impose such conditions on exercise of a SAR
(including, without limitation, the right of the Committee to limit the time of exercise to specified periods) as may be required to satisfy the requirements of any rule or interpretation promulgated under Section 16 (or any successor rule) of
the Exchange Act. 
  

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 ARTICLE 8. Restricted Stock 
 8.1. Administration. Shares of Restricted Stock may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall determine the Employees and consultants to whom and
the time or times at which grants of Restricted Stock will be awarded, the number of Shares to be awarded to any Participant (subject to the aggregate limit on grants to individual Participants set forth in Article 4), the conditions for vesting,
the time or times within which such Awards may be subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 8.3. 
 The Committee may, prior to grant, condition the vesting of Restricted Stock upon continued service of the Participant. The provisions of Restricted
Stock Awards need not be the same with respect to each recipient. 
 8.2. Awards and Certificates. Shares of Restricted Stock shall be
evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of Shares of Restricted Stock shall be registered in the name of such
Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 
 “The sale or other transfer of the Shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer as set forth in the
Tupperware Brands Corporation 2006 Incentive Plan, and in an Award Agreement. A copy of the Plan and such Award Agreement may be obtained from Tupperware Brands Corporation.” 
 The Committee may require that the certificates evidencing such Shares be held in custody by the Company until the restrictions thereon shall have lapsed
and that, as a condition of any Award of Restricted Stock, the Participant shall have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. 
 8.3. Terms and Conditions. Shares of Restricted Stock shall be subject to the following terms and conditions: 
 (a) Subject to the provisions of the Plan and the Award Agreement referred to in Section 8.3(d), during the Restricted Period, the Participant shall
not be permitted to sell, assign, transfer, pledge or otherwise encumber Shares of Restricted Stock. Within these limits, the Committee may provide for the lapse of restrictions based upon period of service in installments or otherwise and may
accelerate or waive, in whole or in part, restrictions based upon period of service. 
 (b) Except as provided in this paragraph (b) and
paragraph (a), above, and the Award Agreement, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a stockholder of the Company holding the class or series of Shares that is the subject of the Restricted
Stock, including, if applicable, the right to vote the Shares and the right to receive any cash dividends. Dividends payable in Shares and other non-cash dividends and distributions shall be held subject to the vesting of the underlying Restricted
Stock, unless the Committee determines otherwise in the applicable Award Agreement or makes an adjustment or substitution to the Restricted Stock pursuant to Section 4.3 in connection with such dividend or distribution. 
 (c) If and when any applicable Restriction Period expires without a prior forfeiture of the Restricted Stock, unlegended certificates for such Shares
shall be delivered to the Participant upon surrender of the legended certificates. 
 (d) Each Award shall be confirmed by, and be subject
to, the terms of an Award Agreement. 
  

 10 

 ARTICLE 9. Restricted Stock Units 
 9.1. Nature of Award. Restricted Stock Units are Awards denominated in Shares that will be settled, subject to the terms and conditions of the Restricted Stock Units, either by delivery of Shares to the
Participant or by the payment of cash based upon the Fair Market Value of a specified number of Shares. Restricted Stock Units may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall determine the
Employees and consultants to whom and the time or times at which grants of Restricted Stock Units will be awarded, the number of Shares to be awarded to any Participant, the conditions for vesting, the time or times within which such Awards may be
subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 9.2. 
 9.2. Terms
and Conditions. The Committee may, in connection with the grant of Restricted Stock Units, designate them as Performance Awards, in which event it shall condition the vesting thereof upon the attainment of Performance Goals. If the Committee
does not designate Restricted Stock Units as Performance Awards, it may also condition the vesting thereof upon the attainment of Performance Goals. Regardless of whether Restricted Stock Units are Performance Awards, the Committee may also
condition the vesting thereof upon the continued service of the Participant. The applicable Award Agreement shall specify the consequences for the Restricted Stock Units of the Participant’s termination of employment. An Award of Restricted
Stock Units shall be settled as and when the Restricted Stock Units vest or at a later time specified by the Committee or in accordance with an election of the Participant, if the Committee so permits. Restricted Stock Units may not be sold,
assigned, transferred, pledged or otherwise encumbered until they are settled, except to the extent provided in the applicable Award Agreement in the event of the Participant’s death. The Award Agreement for Restricted Stock Units shall specify
whether, to what extent and on what terms and conditions the applicable Participant shall be entitled to receive current or deferred payments of cash, Common Stock or other property corresponding to the dividends payable on the Common Stock (subject
to Section 21.3 below). 
 ARTICLE 10. Performance Awards 
 10.1. Grant of Performance Awards. Subject to the terms of the Plan, Performance Awards may be granted to eligible Employees and consultants at any time and from time to time, as shall be determined by the
Committee, and may be granted either alone or in addition to other Awards granted under the Plan. The Committee shall have complete discretion in determining the number, amount and timing of Awards granted to each Participant. Such Performance
Awards may take the form determined by the Committee, including without limitation, cash, Shares, Performance Units and Performance Shares, or any combination thereof. Performance Awards may be awarded as short-term or long-term incentives.

 10.2. Performance Goals. 
 (a) The Committee shall set Performance Goals at its discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Awards that will be paid out to the Participants, and may attach to
such Performance Awards one or more restrictions, including, without limitation, a requirement that Participants pay a stipulated purchase price for each Performance Share, or restrictions which are necessary or desirable as a result of applicable
laws or regulations. Each Performance Award may be confirmed by, and be subject to, an Award Agreement. 
 (b) The Committee shall have the
authority at any time to make adjustments to Performance Goals for any outstanding Performance Awards which the Committee deems necessary or desirable unless at the time of establishment of goals the Committee shall have precluded its authority to
make such adjustments. 
 10.3. Value of Performance Units/Shares. 
 (a) Each Performance Unit shall have an initial value that is established by the Committee at the time of grant. 
  

 11 

 (b) Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the
date of grant. 
 10.4. Earning of Performance Awards. After the applicable Performance Period has ended, the holder of any
Performance Award shall be entitled to receive the payout earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Goals have been achieved, except as adjusted
pursuant to Section 10.2(b) or as deferred pursuant to Article 13. 
 10.5. Timing of Payment of Performance Awards. Payment of
earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee. The Committee may permit the Participants to elect to defer or the Committee may require the deferral of, the receipt of
Performance Awards upon such terms as the Committee deems appropriate. 
 ARTICLE 11. Other Stock-Based Awards 
 Other Awards of Common Stock and other Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including
(without limitation) dividend equivalents and convertible debentures, may be granted under the Plan. 
 ARTICLE 12. Beneficiary 
 12.1. Designation. Each Participant under the Plan may, from time to time, name any Beneficiary or Beneficiaries (who may be named contingently or
successively). Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and shall be effective only when filed by the Participant in writing with the Company during the
Participant’s lifetime. Any such designation shall control over any inconsistent testamentary or inter vivos transfer by a Participant, and any benefit of a Participant under the Plan shall pass automatically to a Participant’s
Beneficiary pursuant to a proper designation pursuant to this Section 12.1 without administration under any statute or rule of law governing the transfer of property by will, trust, gift or intestacy. 
 12.2. Absence of Designation. In the absence of any such designation contemplated by Section 12.1, benefits remaining unpaid at the
Participant’s death shall be paid pursuant to the Participant’s will or pursuant to the laws of descent and distribution. 
 ARTICLE 13.
Deferrals 
 13.1. Deferrals. The Committee may permit a Participant to elect, or the Committee may require at its sole discretion
subject to the proviso set forth below, any one or more of the following: (i) the deferral of the Participant’s receipt of cash, (ii) a delay in the exercise of an Option or SAR, (iii) a delay in the lapse or waiver of
restrictions with respect to Restricted Stock, or (iv) a delay of the satisfaction of any requirements or goals with respect to Performance Awards; provided, however, the Committee’s authority to take such actions hereunder
shall exist only to the extent necessary to reduce or eliminate a limitation on the deductibility of compensation paid to the Participant pursuant to (and so long as such action in and of itself does not constitute the exercise of impermissible
discretion under) Section 162(m) of the Code, or any successor provision thereunder. If any such deferral is required or permitted, the Committee shall establish rules and procedures for such deferrals, including provisions relating to periods
of deferral, the terms of payment following the expiration of the deferral periods, and the rate of earnings, if any, to be credited to any amounts deferred thereunder. 
 13.2. Section 409A. Notwithstanding the foregoing, if any deferral permitted by this Plan or an Award Agreement or any distribution of an Award pursuant to the terms of this Plan or an Award Agreement
would subject a Participant to tax under Section 409A of the Code, the Company shall modify the Plan or applicable Award Agreement in the least restrictive manner necessary in order to comply with the provisions of Section 409A, other
applicable provision(s) of the Code and/or any rules, regulations or other regulatory guidance issued under such statutory provisions and, in each case, without any material diminution in the value of the payments to an affected Participant.

  

 12 

 ARTICLE 14. Rights of Employees and Consultants 
 14.1. Employment. Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate any Participant’s
employment or status as a consultant at any time, nor confer upon any Participant any right to continue in the employ of the Company or any of its Subsidiaries or affiliates or to continue as a consultant. For purposes of the Plan, transfer of
employment of a Participant between the Company and any one of its Subsidiaries and affiliates (or between Subsidiaries and affiliates) shall not be deemed a termination of employment. However, if a Subsidiary or affiliate of the Company ceases to
be a Subsidiary or affiliate, any Participant who is no longer employed by or a consultant to the Company or one of its remaining Subsidiaries and affiliates following such event shall be considered to have terminated his or her employment or
consultancy, notwithstanding any continued employment or consultancy with such former Subsidiary or affiliate. 
 14.2. Participation.
No Employee or consultant shall have the right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 
 ARTICLE 15. Change of Control 
 15.1. Treatment of Outstanding Awards. Upon the occurrence of a
Change of Control, unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of any governing governmental agencies or national security exchanges, or unless the Committee shall determine otherwise in the
applicable Award Agreement: 
 (a) Any and all Options and SARs granted hereunder shall become immediately exercisable, and shall remain
exercisable throughout their entire original term, without regard to any subsequent termination of employment or consulting agreement; 
 (b)
Any restriction periods and restrictions imposed on Restricted Stock that is not performance-based shall lapse; 
 (c) All Restricted Stock
Units shall be considered to be earned and payable in full, and such Restricted Stock Units shall be settled in cash as promptly as is practicable; and 
 (d) The target payout opportunities attainable under all outstanding Awards of performance-based Restricted Stock, performance-based Restricted Stock Units, Performance Units, Performance Shares, and cash-based Awards
(excluding any long-term Awards issued to individual Participants and that are not broad-based programs and which are denominated in cash and paid in cash, which may be designated as “gainsharing” Awards, but not including Performance
Share Awards, and which shall continue to be in effect) shall be deemed to have been earned on a pro-rata basis for that portion of the Performance Period(s) having elapsed under such outstanding Awards as of the effective date of the Change of
Control. The vesting of all Awards denominated in Shares shall be deemed to have been earned on a pro-rata basis for that portion of the Performance Period(s) having elapsed under such outstanding Awards as of the effective date of the Change of
Control, and there shall be paid out to Participants in cash within ten (10) days following the effective date of the Change of Control the value of such vested Shares in an amount equal to the product of the number of such vested Shares and
the Fair Market Value per Share determined immediately prior to the Change of Control, based upon an assumed achievement of all relevant target performance goals. Awards denominated in cash shall be paid on a pro-rata basis to Participants in cash
within ten (10) days following the effective date of the Change of Control based upon assumed achievement of all relevant target performance goals. 
 15.2. Termination, Amendment, and Modifications of Change-of-Control Provisions. Notwithstanding any other provision of this Plan or any Award Agreement provision, the provisions of this Article 15 may not be
terminated, amended, or modified in any manner that adversely affects any then-outstanding Award without the prior written consent of the Participant if such action is taken (a) on or after the date of a Change of Control or (b) at the
request of a party seeking to effectuate a Change of Control or otherwise in anticipation of a Change of Control. 
  

 13 

 ARTICLE 16. Term, Amendment, Modification, and Termination 
 16.1. Amendment, Modification, and Termination. Except as specifically provided in Section 15.2, at any time and from time to time, the Board
may terminate, amend, or modify the Plan. However, without the approval of the stockholders of the Company, no such amendment or modification may: 
 (a) Increase the total number of Shares which may be issued under this Plan, except as provided in Article 4 hereof; or 
 (b)
Modify the eligibility requirements; or 
 (c) Materially increase the benefits accruing under the Plan. 
 16.2. Awards Previously Granted. Notwithstanding the foregoing, prior to a Change of Control, the Committee shall have the right to replace any
previously granted Award under the Plan with an Award equal to the value of the replaced Award at the time of replacement, as determined by the Committee in its sole discretion, without obtaining the consent of the Participant holding such Award;
provided, however, that notwithstanding the foregoing or the terms of any Award Agreement provision, the Committee shall not modify the Option Price of an Award (reprice a Stock Option) or issue new Options in exchange for the
surrender of outstanding Options without stockholder approval; and provided, further, that no such replacement shall deprive the Participant of any rights he or she may have pursuant to Article 15, which shall apply to the replacement
Award to the same extent as to the replaced Award. 
 16.3. Changes in Law and Tax Accounting. Notwithstanding the provisions of
Sections 16.1 and 16.2, the Board shall have authority to amend the Plan to take into account changes in law and tax and accounting rules as well as other developments, and to grant Awards which qualify for beneficial treatment under such rules
without stockholder approval. 
 ARTICLE 17. Withholding 
 17.1. Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes
(including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event arising under or as a result of this Plan. 
 17.2. Share Withholding. With respect to withholding required and/or permitted upon the exercise of Options or SARs, upon the lapse of restrictions on Restricted Stock, or upon any other taxable event
hereunder, Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares (or by surrendering Shares previously owned which have been held for
longer than six months or purchased in the open market) having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All elections shall be irrevocable, made
in writing, signed by the Participant, and elections by Insiders shall additionally comply with the requirements established by the Committee. 
 ARTICLE
18. Successors 
 All obligations of the Company under the Plan, with respect to Awards granted hereunder, shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, spin-off, or otherwise, of all or substantially all of the business and/or assets of the Company. 
 ARTICLE 19. Nontransferability of Awards. 
 Unless
otherwise determined by the Committee, no Award shall be transferable (either by sale, pledge, assignment, gift, or other alienation or hypothecation) by a Participant other than by will or by application of the laws of descent and distribution;
provided, however, no Award may be transferred for value (as defined in the General Instructions to Form S-8). 
  

 14 

 ARTICLE 20. Unfunded Status of Plan 
 It is presently intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations
created under the Plan to deliver Common Stock or make payments; provided, however, that unless the Committee otherwise determines, the existence of such trusts or other arrangements shall be consistent with the “unfunded” status of
the Plan. 
 ARTICLE 21. Miscellaneous 
 21.1. Subsidiary Employees. In the case of a grant of an Award to an employee or consultant of any Subsidiary of the Company, the Company may, if the Committee so directs, issue or transfer the shares of Common Stock, if any, covered
by the Award to the Subsidiary, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Subsidiary will transfer the shares of Common Stock to the employee or consultant in accordance with the terms
of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are forfeited or canceled should revert to the Company. 
 21.2. Foreign Employees and Foreign Law Considerations. The Committee may grant Awards to individuals who are eligible to participate in the plan
who are foreign nationals, who are located outside the United States or who are not compensated from a payroll maintained in the United States, or who are otherwise subject to (or could cause the Company to be subject to) legal or regulatory
provisions of countries or jurisdictions outside the United States, on such terms and conditions different from those specified in the Plan as may, in the judgment of the Committee, be necessary or desirable to foster and promote achievement of the
purposes of the Plan, and, in furtherance of such purposes, the Committee may make such modifications, amendments, procedures, or subplans as may be necessary or advisable to comply with such legal or regulatory provisions. 
 21.3. Limitation on Dividend Reinvestment and Dividend Equivalents. Reinvestment of dividends in additional Restricted Stock at the time of any
dividend payment, and the payment of Shares with respect to dividends to Participants holding Awards of Restricted Stock Units, shall only be permissible if sufficient Shares are available under Section 4 for such reinvestment (taking into
account then outstanding Options and other Awards). 
 ARTICLE 22. Legal Construction 
 22.1. Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the
plural shall include the singular and the singular shall include the plural. 
 22.2. Severability. In the event any provision of the
Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

 22.3. Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. With respect to Insiders, transactions under this Plan are intended to comply with all applicable conditions of
Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or action by the Committee fails to comply with this Section 22.3, it shall be deemed null and void, to the extent permitted by law and deemed
advisable by the Committee. 
 Notwithstanding any other provision of the Plan or agreements made pursuant thereto, the Company shall not be
required to issue or deliver any certificate or certificates for Shares or uncertificated forms of Shares under the Plan prior to fulfillment of all of the following conditions: 
 (a) Listing or approval for listing upon notice of issuance, of such Shares on the New York Stock Exchange, Inc., or such other securities exchange as
may at the time be the principal market for the Shares; 
  

 15 

 (b) Any registration or other qualification of such Shares under any state or federal law or regulation,
or the maintaining in effect of any such registration or other qualification which the Committee shall, in its absolute discretion upon the advice of counsel, deem necessary or advisable; and 
 (c) Obtaining any other consent, approval, or permit from any state or federal governmental agency which the Committee shall, in its absolute discretion
after receiving the advice of counsel, determine to be necessary or advisable. 
 22.4. Governing Law. To the extent not preempted by
federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware. 
  

 16Restrictive Covenants and General Release Agreement

 Exhibit 10.1 
 RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT 
 THIS RESTRICTIVE COVENANTS AND GENERAL RELEASE
AGREEMENT (the “Agreement”) is entered into on February 20, 2009 between Dennis J. Mooradian (hereafter “Executive”) and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank,
all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as “Comerica”). This Agreement sets forth
the complete understanding and agreement between Comerica and Executive relating to Executive’s employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 18 below),
and in the event the Effective Date does not occur, this Agreement shall be void ab initio. 
 Accordingly, Executive and
Comerica hereby agree as follows: 
  

	 	1.	 Separation from Employment. Executive and Comerica agree that Executive’s employment with Comerica shall terminate effective February 28, 2009
(the “Separation Date”). 

  

	 	2.	 Public Announcement. Comerica shall issue an announcement of Executive’s departure from Comerica by February 26, 2009.

  

	 	3.	 Resignation from Boards and Committees. Effective February 28, 2009, Executive shall resign from his position as Executive Vice President of Comerica
Incorporated and Comerica Bank and, effective before or as of February 28, 2009, Executive shall resign from any other positions he holds as an officer, member or manager of Comerica or as a member of a Comerica board or committee.

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 1 of 21

	 	4.	 Return of Comerica Property. Executive shall return to Comerica, no later than the close of business on the Separation Date, all property of Comerica
including, but not limited to, customer information, personal computer, laptop, Blackberry, keys, identification cards, access cards, corporate credit cards, and files or other documents received, compiled or generated by or for Executive in
connection with or by virtue of his employment with Comerica. 

  

	 	5.	 Compensation and Benefits. In consideration for the release of claims set forth in Paragraph 6, the covenants set forth in Paragraphs 7, 8, 9, 10 and 11
and such other promises of Executive as set forth in this Agreement, Comerica agrees that it shall pay or provide to Executive the following payments and benefits: 

  

	 	a.	 Prior to the Separation Date, so long as Executive continues to be employed by Comerica, Comerica shall continue to pay Executive his regular base salary at the
rate in effect as of immediately prior to the delivery of this Agreement, in accordance with the payroll practices of Comerica applicable to similarly situated executives. 

  

	 	b.	 Prior to the Separation Date, so long as Executive continues to be employed by Comerica, Executive shall continue to be eligible to participate in
Comerica’s health, welfare benefit and retirement plans in which Executive participated immediately prior to the delivery of this Agreement, as such plans may be in effect from time to time. 

  

	 	c.	 Following the Separation Date, Executive shall be eligible to elect continuation coverage under Comerica’s healthcare benefit plans in accordance with
Section 4980B (“COBRA”) of the Internal Revenue Code 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 2 of 21

	 	 
of 1986, as amended (the “Code”) and the terms of the applicable plan. Assuming Executive elects COBRA continuation coverage under Comerica’s
medical benefit plan, Executive shall be eligible to continue medical benefit plan coverage under COBRA for the period of coverage under COBRA, with the cost of such coverage to be paid by Executive pursuant to the terms generally applicable to
retired employees of Comerica as in effect from time to time. Executive’s conversion rights under other insurance programs following the Separation Date shall be determined in accordance with the terms of the applicable plan.

  

	 	d.	 Comerica shall reimburse Executive for reasonable and documented business expenses incurred by Executive on or before the Separation Date, in accordance with the
terms of Comerica’s policy. 

  

	 	e.	 Executive will receive, pursuant to the terms of the 1999 Amended and Restated Comerica Incorporated Deferred Compensation Plan (“DCP”) and the 1999
Comerica Incorporated Amended and Restated Common Stock Deferred Incentive Award Plan (“DIAP”), distributions from his accounts under those plans, payable in accordance with his prior elections and the terms of the DCP and the DIAP,
respectively. Such distributions will be subject to all applicable taxes, FICA and other withholding and deductions required by law and will be made pursuant to the distribution schedule followed under the administrative procedures of the DCP and
the DIAP, respectively. 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 3 of 21

	 	f.	 At the meeting of the Comerica Incorporated Governance, Compensation and Nominating Committee (the “Committee”) held on January 27, 2009, upon the
recommendation of Comerica, the Committee adopted resolutions generally providing that, subject to the execution and delivery by Executive of this Agreement at least eight (8) calendar days prior to the Separation Date and his non-revocation of
this Agreement: 

 (i) Executive’s restricted shares of Comerica Incorporated common
stock that are not vested as of the Separation Date shall fully vest as of the Separation Date; and 
 (ii)
Executive’s Separation Date shall qualify as a Retirement (as defined in the Comerica Incorporated 2006 Amended and Restated Long-Term Incentive Plan and its predecessor plan(s), each as amended and/or restated from time to time (the
“LTIP”)) so that his stock options outstanding as of the Separation Date, other than those granted in the calendar year of such Separation Date, shall continue to vest pursuant to the vesting schedule applicable to such options, and any
vested options outstanding as of the Separation Date shall continue in full force and effect for the remainder of the term of the option. 
 The opportunities afforded Executive in both paragraphs (f)(i) and (f)(ii) above are subject to the other terms and conditions of the LTIP and the grant agreements evidencing the applicable grants of such restricted
stock and stock options, including Executive’s obligation to satisfy all tax withholding obligations. 
  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 4 of 21

	 	g.	 To the extent provided by the Amended and Restated Bylaws of Comerica Incorporated, Article V, Section 12, Comerica agrees to defend, indemnify and hold
Executive harmless from and against all liability for actions taken by him within the scope of his responsibilities so long as his conduct in any such matter was consistent with the standards contained in such Article V, Section 12.

  

	 	6.	 Release of Claims. In consideration for the payments and other benefits provided to Executive by this Agreement, including those described above in
Paragraph 5, certain of which Executive is not otherwise entitled, and the sufficiency of which Executive acknowledges, Executive further agrees, as follows: 

  

	 	a.	 For himself and for all people acting on his behalf (such as, but not limited to, his family, heirs, executors, administrators, personal representatives, agents
and/or legal representatives), Executive agrees to waive any and all claims or grievances which he may have against Comerica and Comerica’s past or present stockholders, directors, officers, trustees, agents, representatives, attorneys,
employees, in their individual or representative capacities, and any and all employee benefit plans and their respective past, current and future trustees and administrators (hereafter, collectively, the “Released Parties”). By his
signature hereto, Executive, for himself and for all people acting on his behalf, forever and fully releases and discharges any and all of the Released Parties from any and all claims, causes of action, contracts, grievances, liabilities, debts,
judgments, and demands, including but not limited to any claims for 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 5 of 21

	 	 
attorney fees, that Executive ever had, now has, or may have by reason of or arising in whole or in part out of any event, act or omission occurring on or
prior to the Effective Date of this Agreement. This release includes, but is not limited to, any and all claims of any nature that relate to Executive’s employment by or termination of employment with Comerica. This release includes, but
is not limited to: claims of promissory estoppel, forced resignation, constructive discharge, libel, slander, deprivation of due process, wrongful or retaliatory discharge, discharge in violation of public policy, breach of contract, breach of
implied contract, infliction of emotional distress, detrimental reliance, invasion of privacy, negligence, malicious prosecution, false imprisonment, fraud, assault and battery, interference with contractual or other relationships, or any other
claim under common law. This release also specifically includes, but is not limited to: any and all claims under any federal, state, and/or local law, regulation, or order prohibiting discrimination, including the Age Discrimination in Employment
Act, the Americans With Disabilities Act, Title VII of the Civil Rights Act of 1964, the Texas Commission on Human Rights Act, the Public Employment Discrimination Act, the Texas Free Enterprise and Enterprise Act of 1938, the Texas Payday Law,
the Texas Minimum Wage Act of 1970, together with any and all claims under the Fair Credit Reporting Act, the Uniform Services Employment and Reemployment Rights Act, the Employee Retirement Security Income Security Act, the 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 6 of 21

	 	 
Family Medical Leave Act, or any other federal, state, and or local law, regulation, or order relating to employment, as they all have been or may be
amended. It is Executive’s intent, by executing this Agreement, to release all claims as specified above to the maximum extent permitted by law, whether said claims are presently known or unknown. 

  

	 	b.	 To the maximum extent permitted by law, Executive agrees that he has not filed, nor will he ever file, a lawsuit asserting any claims which are released by this
Agreement, or to accept any benefit from any lawsuit which might be filed by another person or government entity based in whole or in part on any event, act, or omission which is the subject of Executive’s release. 

 

	 	c.	 Executive understands and agrees that, other than the payments and benefits expressly enumerated in this Agreement, he is not entitled to receive any other
compensation, incentive, wage, vacation or other paid time off, leave, benefit or other payment from Comerica, other than any vested benefits to which he may be entitled under the Comerica Incorporated Retirement Plan, the Comerica Incorporated
Preferred Savings [401(k)] Plan, the 1999 Comerica Incorporated Amended and Restated Deferred Compensation Plan, the 1999 Comerica Incorporated Amended and Restated Common Stock Deferred Incentive Award Plan, and the Comerica Incorporated Amended
and Restated Employee Stock Purchase Plan, in each case in accordance with the terms of such plans and any valid elections thereunder. In addition, prior to November 23, 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 7 of 21

	 	 
2004, a portion of the Executive’s incentive bonus attributable to the three-year performance period under the MIP was automatically invested in common
stock that, pursuant to a No Sale Agreement, will be non-transferrable until he terminates employment with Comerica (sometimes referred to as the non-deferred 3-year award program or plan) (the “Non-Deferred Account”). Executive shall be
entitled to receive the shares in his Non-Deferred Account following his Separation Date. Executive agrees that he is not entitled to any benefits under any other program or plan of Comerica. 

  

	 	d.	 The provisions of this Paragraph 6 do not apply to any claim Executive may have for representation and indemnification pursuant to Paragraph 5(g) above or any
claim based solely upon his status as a shareholder of Comerica Incorporated. 

  

	 	7.	 Disclosure of Information. Executive hereby acknowledges that he has been and will continue to have access and exposure to confidential and proprietary
information of Comerica and trade secrets, including details of the business or affairs of Comerica, its subsidiaries or affiliates (including, without limitation, planning information and strategies, information and/or strategies for the
prosecution and/or defense of any matter that is now or may be in the future the subject of any lawsuit, dispute, controversy, claim and/or regulatory action, financial information, organizational structure, strategic planning, sales and marketing
strategies, distribution methods, data processing and other systems, personnel policies and compensation plans and arrangements); any customer or 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 8 of 21

	 	 
advertising lists; any information, knowledge or data of a technical nature (including, without limitation, methods, know-how, processes, discoveries,
machines, or research projects); any information, knowledge or data relating to future developments (including without limitation, tax planning research and development, future marketing or merchandising); or any and all other trade secrets
(collectively, “Confidential Information”). Confidential Information does not include (i) information already known or independently developed by Executive from public sources or information in the public domain, (ii) information
in the public domain through no wrongful act of the recipient, or (iii) information received by Executive from a third party who was free to disclose it. Executive understands that Comerica’s Confidential Information, including its trade
secrets, is highly sensitive information relating to the business of Comerica and of Comerica’s clients, which has had its secrecy protected both internally and externally and which is a competitive asset of Comerica. Executive hereby agrees
that he shall not use, commercialize or disclose such Confidential Information or information as to the existence and/or provisions of this Agreement to any person or entity, except to such individuals as approved by Comerica in writing prior to any
such disclosure or as otherwise required by law. Executive’s obligations pursuant to this paragraph shall survive the termination of this Agreement. 

  

	 	8.	 Cooperation. Executive agrees that in the event of a legal proceeding (whether threatened or pending, whether investigative, administrative, or judicial)
involving matters of which he has knowledge by virtue of the positions Executive held during his employment at Comerica, Executive shall disclose to Comerica 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 9 of 21

	 	 
and its counsel any facts known to Executive which might be relevant to said legal proceeding and shall cooperate fully with Comerica and its counsel so as
to enable Comerica to present any claim or defense which it may have relating to such matters. For purposes of this paragraph, “cooperate fully” shall mean that Executive shall make himself reasonably available for interviews, depositions,
and testimony as directed by Comerica or its counsel, and shall further execute truthful statements, declarations, or affidavits pertaining to such matters at the request of Comerica or its counsel. Executive shall be reimbursed for any reasonable
out of pocket expenses that he may incur as a result of his compliance with this paragraph, subject to Comerica’s expense reimbursement policies. Nothing in this paragraph shall be construed as requiring Executive to be non-truthful or as
preventing him from disclosing information that would be considered adverse to Comerica or requiring him to do anything in violation of any applicable law, rule or regulation. 

  

	 	9.	 Non-Disparagement. 

  

	 	a.	 Executive agrees that he will make no disparaging remarks about Comerica, its parent and/or affiliates, their respective businesses, products or services, any
current or former director, the Chairman and Chief Executive Officer, or any of his direct reports, or their policies, procedures or practices (including but not limited to, business, lending, or credit policies, procedures or practices) to any
third parties, including but not limited to, customers or prospective customers of Comerica. It is agreed and understood that nothing in this Paragraph 9(a) shall be construed to 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 10 of 21

	 	 
preclude Executive from (1) testifying truthfully pursuant to subpoena or as otherwise required by law, (2) engaging in any action consistent with
public policy, or (3) cooperating in any internal or government investigation to the extent such cooperation is mandated by policy, regulation or statute. Executive agrees that he shall provide notice to Comerica in advance of any such
cooperation or testimony, unless such notice is prohibited. It is further understood that nothing in this Paragraph 9(a) shall be construed to preclude Executive from discharging his legal obligations to any administrative or regulatory agencies or
auditing entities. 

  

	 	b.	 Comerica agrees that the Chairman and Chief Executive Officer and his direct reports will not make any disparaging remarks regarding Executive or
Executive’s performance while employed at Comerica and will respond to any inquiries regarding Executive’s separation with the statement that Executive retired from Comerica. It is agreed and understood that nothing in this Paragraph 9(b)
shall be construed to preclude those covered from (1) testifying truthfully pursuant to subpoena or as otherwise required by law, (2) engaging in any action consistent with public policy, or (3) cooperating in any internal or
government investigation to the extent such cooperation is mandated by policy, regulation or statute. It is further agreed and understood that nothing in this Paragraph shall be construed to preclude Comerica from discharging its legal obligations
to its Boards of Directors, any administrative or regulatory agencies or auditing entities. 

  

			
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	 	10.	 Non-Competition and Non-Solicitation. Prior to the Separation Date and for the period ending two (2) years after the execution of the Agreement,
Executive agrees that he shall not, directly or indirectly, for his own account or in conjunction with any other person or entity, whether as an employee, shareholder, partner, investor, principal, agent, representative, proprietor, consultant, or
in any other capacity, do any of the following: 

  

	 	a.	 Enter into or engage in any business in competition with the businesses conducted by Comerica in the states of Michigan, California, Texas, Arizona or Florida.
For purposes of this Paragraph 10(a), Executive shall be “in competition with Comerica” if (1) Executive accepts employment or serves as an agent, employee, director or consultant to, a competitor of Comerica, or (2) Executive
acquires or has an interest (direct or indirect) in any firm, corporation, partnership or other entity engaged in a business that is competitive with Comerica. The mere ownership of less than 1% debt and/or equity interest in a competing company
whose stock is publicly held shall not be considered as having a prohibited interest in a competitor, and neither shall the mere ownership of less than 5% debt and/or equity interest in a competing company whose stock is not publicly held. For
purposes of this Paragraph 10(a), any commercial bank, savings and loan association, securities broker or dealer, or other business or financial institution that offers any major service offered by Comerica as of the Separation Date, and which
conducts business in Michigan, California, Texas, Arizona or Florida, shall be deemed a competitor; 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 12 of 21

	 	b.	 Request or advise any individual or company that is a customer of Comerica to withdraw, curtail, or cancel any such customer’s actual or prospective
business with Comerica; 

  

	 	c.	 Solicit, induce or attempt to induce any customers of Comerica with whom Executive had professional contact or with respect to whom he was privy to any
information during the two (2) year period prior to the Separation Date to patronize any business that is competitive with Comerica; and 

  

	 	d.	 Solicit or induce or attempt to solicit or induce any employee, agent or consultant of Comerica to terminate his or her employment, representation, or other
relationship with Comerica. 

 During the two-year period following the execution of the Agreement,
Executive may request an exception to this provision. The request must be made in writing, describe the scope and nature of the engagement, and directed to Comerica’s Chief Legal Officer. Any exception will be at Comerica’s sole
discretion. 
  

	 	11.	 Representation. Executive represents and warrants: 

  

	 	a.	 Executive has no knowledge of or is not otherwise aware of, has no evidence of and/or has not reported to any person, organization and/or governmental or
regulatory authority any of the following: (i) any violation by the Released Parties of any securities and/or other laws, rules and regulations applicable to Comerica, (ii) any breach by Comerica and/or by any Released Party of any
fiduciary duty or obligation to any person, organization and/or governmental or regulatory authority, and/or 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 13 of 21

	 	 
(iii) any violation by any Released Party of Comerica’s Code of Business Conduct and Ethics for Employees, Senior Financial Officer Code of Ethics, or
Code of Business Conduct and Ethics for Members of the Board of Directors, each as amended and/or restated. 

  

	 	b.	 Executive has a special relationship of trust and confidence with Comerica and its customers and clients, which creates a high risk and opportunity for Executive
to misappropriate the relationship and goodwill existing between Comerica and such entities and individuals. Executive further acknowledges that, at the outset of his employment with Comerica and throughout his employment with Comerica, Executive
received, and continues to receive and/or have access to Comerica and Comerica’s clients’ proprietary Confidential Information, specialized training and goodwill that he would not otherwise have but for his employment with Comerica.
Therefore, Executive agrees that it is fair and reasonable for Comerica to take steps to protect itself from the risk of misappropriation of Comerica’s trade secrets including but not limited to its business relationships, goodwill, proprietary
information, specialized training, and other Confidential Information. Executive agrees he has carefully considered the nature and extent of the restrictions placed upon him and the remedies conferred upon Comerica in this Agreement and has had the
opportunity to retain legal counsel at his own expense to review this Agreement. Executive agrees the restrictions are reasonable in time and geographic scope and are necessary to protect the legitimate business 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 14 of 21

	 	 
interests of Comerica and its customers and do not confer a benefit on Comerica that is out of proportion to the restrictions placed on Executive.

  

	 	12.	 Dispute Resolution. 

  

	 	a.	 Early Resolution Conference. This Agreement is understood to be clear and enforceable as written and is executed by both parties on that basis.
However, should Executive later challenge any provision as unclear, unenforceable, or inapplicable to any competitive activity that Executive intends to engage in, Executive will first notify Comerica in writing and meet with a Comerica
representative and a neutral mediator (if either party elects to retain one at its own expense) to discuss resolution of any disputes between the parties. Executive will provide this notification at least fourteen (14) calendar days before he
engages in any activity that could reasonably and foreseeably fall within a questioned restriction. Executive’s failure to comply with this early resolution conference requirement (the “Resolution Requirement”) shall waive his right
to challenge the reasonable scope, clarity, applicability or enforceability of the Agreement and its restrictions at a later time. Comerica will respond to Executive’s notification required by this paragraph within fourteen (14) calendar
days following receipt of the written notification. Comerica’s failure to respond with an acceptance or denial within the fourteen (14) calendar day period, unless a party has invoked the mediation process described above, shall waive its
right to challenge Executive’s activity that could reasonably fall within a questioned restriction at a later time. All 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 15 of 21

	 	 
rights of both parties will be preserved if the Resolution Requirement is complied with even if no agreement is reached in the conference.

  

	 	b.	 Injunctive Relief. In the event of a breach or threatened breach of Paragraphs 6, 7, 8, 9 or 10 of this Agreement, Executive agrees that Comerica shall be
entitled to injunctive relief in a Texas court of appropriate jurisdiction to remedy any such breach or threatened breach, and Executive acknowledges that monetary damages alone would not be an adequate remedy to compensate Comerica for the loss of
goodwill and other harm to its reputation and business. 

  

	 	c.	 Arbitration. Except as provided in Paragraph 12(a) hereof, in the event of any dispute between any of the Released Parties and Executive relating to
Executive’s employment with or separation from employment with Comerica, the terms of and the parties’ entry into this Agreement and/or breach of this Agreement, Executive and Comerica agree to submit the dispute, including any claims of
discrimination under federal, state or local law by Executive, to final and binding arbitration pursuant to the provisions of Texas statutory law and/or the Federal Arbitration Act, 9 U.S.C. Sec. 1 et seq. The arbitration shall be conducted
by the National Center for Dispute Settlement or a similar organization mutually agreed to by the parties. The arbitration shall be before a single, neutral arbitrator selected by the parties. 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 16 of 21

 In the event the parties cannot agree on the selection of a single arbitrator, the
following process to select an arbitration panel will be followed: 1) when a party reasonably believes that there will be no agreement on the selection of a single, neutral arbitrator, that party may notify the other at the address provided in
Paragraph 17 of this Agreement of the fact an impasse has been reached, 2) within five (5) days of receipt of such notice, each party must provide the other with the name of its respective panel member, and 3) within ten (10) days of their
selection, the parties’ panel members must agree on the third, neutral member of the arbitration panel. 
 The
arbitrator, or arbitration panel (“panel”) if one is utilized, shall have the power to enter any award that could be entered by a judge of a trial court of the State of Texas, and only such power, and shall follow the law. Notwithstanding
the foregoing, the arbitrator or panel may award reasonable attorney fees and costs to the prevailing party. In the event the arbitrator or panel does not follow the law, the arbitrator or panel will have exceeded the scope of his or her authority
and the parties may, at their option, file a motion to vacate the award in court. Except as otherwise provided herein, the parties agree to abide by and perform any award rendered by the arbitrator. The arbitrator or panel shall issue the award in
writing and therein state the essential findings and conclusions on which the award is based. Judgment on the award may be entered in any court having jurisdiction thereof. In no event shall the demand for arbitration be 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 17 of 21

 
made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter in question would be barred by the
applicable statute of limitations. This agreement to arbitrate shall be specifically enforceable under the prevailing arbitration law, and shall be in accordance with the procedures established for arbitration in the Texas Rules of Civil Procedure.
Unless otherwise prohibited by law, each party shall bear its own costs, including, but not limited to, any costs associated with the appointment of its panel member in the event an arbitration panel is constituted, in any such arbitration and shall
share equally any fees or other expenses charged by the neutral arbitrator for services rendered. The parties understand that by agreeing to arbitrate their disputes, they are giving up their right to have their disputes heard in a court of law
and, if applicable, by a jury. 
  

	 	13.	 Entire Agreement; TARP Provisions. This Agreement supersedes all prior and contemporaneous relationships, agreements, understandings, negotiations and
discussions, whether oral or written, of the parties with respect to the subject matter hereof, to the extent they conflict herewith, other than the Waiver signed as of November 14, 2008 by Executive in connection with Comerica’s
participation in the United States Department of the Treasury’s Troubled Assets Relief Program (“TARP”) Capital Purchase Program (the “Waiver”), and the Capital Purchase Program Senior Executive Officer Consent to
Comerica’s amendments to compensation, bonus, incentive and other benefit plans, arrangements and agreements in connection with Comerica’s participation in the 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 18 of 21

	 	 
United States Department of the Treasury’s TARP Capital Purchase Program, signed by Executive as of November 14, 2008 (the “Consent”),
and, except as otherwise set forth herein, there are no other agreements between the parties with respect to the subject matter hereof, other than the Waiver and the Consent. The amendments set forth in the Resolution and Amendment attached to the
Consent (the “TARP Provisions”) are incorporated herein and made a part hereof and, for the avoidance of doubt, this Agreement shall be subject in all respects to such TARP Provisions. No further amendment, supplement, modification or
waiver of this Agreement shall be implied or be binding unless in writing and signed by the party against which such amendment, supplement, modification or waiver is asserted. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver, unless otherwise therein provided; provided, however, that the Waiver shall not be affected by this
sentence. 

  

	 	14.	 Governing Law. This Agreement shall be interpreted and governed by the laws of the State of Texas, except as to matters specifically governed by federal
statute or regulation. 

  

	 	15.	 Severability. The provisions of this Agreement are severable, and if any part or portion of it is found to be unenforceable, the other portions shall
remain fully valid and enforceable. 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 19 of 21

	 	16.	 Withholding. Comerica may withhold from any amounts payable under this Agreement such Federal, state or local taxes as shall be required to be withheld
pursuant to any applicable law or regulation. 

  

	 	17.	 Notice. Any notices relating to or arising out of this Agreement shall be sent by registered mail, return receipt requested, and shall be addressed as
follows: 

 To Comerica: 
 Jon W. Bilstrom, 
 EVP, Governance, Regulatory Relations and Legal
Affairs, and Corporate 
 Secretary 
 1717 Main Street, MC 6504 
 Dallas, Texas 75201 
 To Executive: 
 Dennis J. Mooradian 
 At the address on record with Comerica as of the Termination Date 
  

	 	 18.
	 Consideration Period, Revocation Period and Effective Date. Executive confirms that he had at least twenty-one
(21) days to consider this Agreement and that he had an opportunity to consult with an attorney during said consideration period and prior to signing this Agreement. For an additional period of seven (7) days following the signing of this
Agreement, Executive understands he may revoke his signature by delivery of a written notice of revocation to Terri L. Renshaw, Senior Vice President and General Counsel, Litigation and Corporate Operations, 1717 Main Street, 4th Floor, MC 6506, Dallas, Texas, 75201. The revocation must be delivered to this address before 5:00 p.m. CDST on or before the 7th day following the signing of this Agreement. This Agreement shall become effective and enforceable on the eighth (8th) day following its execution by Executive, provided he does not exercise his right of revocation as described above (the 

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 20 of 21

	 	 
“Effective Date”). If Executive fails to sign this Agreement on or before the 21st day from the date set forth below or revokes his signature, this Agreement will be without force or effect, and Executive shall not be entitled to any of the rights and benefits
hereunder. 

 DELIVERED TO EXECUTIVE FOR HIS
CONSIDERATION THIS 6th DAY OF FEBRUARY 2009. 
  

			
	 Comerica Incorporated

		
	 By:
	 	 /s/ Jon W. Bilstrom

	 Name:
	 	 Jon W. Bilstrom

	 Title:
	 	 Executive Vice President

 I, DENNIS J. MOORADIAN, HAVING READ THE FOREGOING SEPARATION AND RESTRICTIVE
COVENANTS AGREEMENT, UNDERSTANDING ITS CONTENT AND HAVING HAD AN OPPORTUNITY TO CONSULT WITH COUNSEL OF MY CHOICE, DO HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS AGREEMENT, THEREBY AGREEING TO THE TERMS THEREOF AND WAIVING AND RELEASING MY CLAIMS, ON
2-20-09. 
  

	
	
	/s/ Dennis J. Mooradian
	Dennis J. Mooradian

  

			
	Restrictive Covenant and General Release Agreement 020609	  	Page 21 of 21

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