Document:

Exhibit 10.2

 

 

TEXAS ASSOCIATION  OF REALTORS®

 

COMMERCIAL LEASEHOLD CONSTRUCTION ADDENDUM

 

(Tenant to Complete Construction)

 

USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc. 2014

 

 

ADDENDUM TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE LEASED PREMISES AT 300 Boone Rd, Burleson, TX 76028                                                                                                                                                                                                                                                    

 

A.          Execution and License to Enter: This addendum is executed as a part of the above-referenced lease. Landlord authorizes Tenant to construct the improvements described in this addendum provided that Tenant complies with all of the terms of this addendum. In the event the term of the lease has not yet commenced, Landlord grants Tenant a license to enter into the Property and the leased premises effective         April 21, 2015        for the purposes of constructing the improvements described under this addendum. This license is made under all the terms and provisions in the lease, except as to the covenant to pay rent.

 

B.          Construction Costs: Tenant will pay the full cost to construct the improvements that Tenant is to construct under this addendum, including but not limited to the cost of material, engineering studies, environmental studies, contractors, permits, plans, architects, inspectors, subcontractors, and materialmen. Not later than 10 days after the construction is complete and Tenant has satisfied all of Tenant’s obligations under this addendum, Landlord will reimburse Tenant the cost of the improvements in an amount that does not exceed $15,000                                                                                                                                                                                                                                                                                                                                                                                                                                                                    .

 

C.  Approval of Plans:

 

(1)           Not later than              May 29, 2015               , Tenant will submit to Landlord plans and specifications detailing the improvements Tenant desires to complete to the leased premises. The plans must detail all architectural, mechanical, electrical, and plumbing requirements for the improvements and must describe the proposed improvements along with the materials to be used and the interior floor plan of the leased premises. The plans must be drawn by a licensed professional architect in accordance with generally accepted architectural standards or by another person approved by Landlord and must be sufficient for a contractor to use to construct the desired improvements.

 

(2)           Within      2      days after Landlord receives the plans in accordance with Paragraph C(1), Landlord will notify Tenant whether the plans are “approved” or “disapproved” by marking such on the plans and delivering the plans back to Tenant. Landlord will not unreasonably withhold approval of the plans.lf Landlord does not notify Tenant of a disapproval within the time specified, the plans will be deemed approved.

 

(3)           If the plans are disapproved, Landlord will detail the reasons for the disapproval either on the plans or in a separate notice to Tenant. If the plans are disapproved, Tenant will, within      2      days after receipt of the disapproval notice from Landlord, submit amended plans to Landlord that incorporate revisions necessary to satisfy Landlord’s reasons for the disapproval. Landlord will not unreasonably withhold approval of any amended plans. If Tenant is unable or unwilling to satisfy Landlord’s reasons for disapproval by               June 12, 2015               , and:

 

(a)      if this addendum is executed after the lease commenced, then Tenant will not construct the improvements and this Addendum will have no further effect; or

 

(b)      if this addendum is executed before the lease commences the lease will terminate and Landlord will refund any security deposit and advanced rent paid by Tenant.

 

	
(TAR-2112)   8-15-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ 
    	
Page 1 of 4

 

 
    

 

Orr, 504 Timber Ct. Burleson, TX 76028

	
Phone:   817.295.2238                       Fax: 817.265.0441                       Michael Langford
    	
AxoGen,
    

 

Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

 

 

Leasehold Construction Addendum concerning 300 Boone Rd, Burleson, TX    76028                                    

 

(4)  “Final plans” means the plans that Landlord approves under this Paragraph C.

 

D.         Change Orders: Tenant must obtain Landlord’s advanced written approval of any proposed changes to the final plans. Landlord will approve or disapprove any proposed change within      2      days after Landlord receives a copy of the proposed change order from Tenant. Landlord will not unreasonably withhold approval of any proposed change order. If Landlord does not notify Tenant of a disapproval of a proposed change order within the time specified, the proposed change order is deemed approved.

 

E.          Contractor: Before construction begins Tenant will enter into a written construction contract with a contractor(s) acceptable to Landlord to construct the improvements in accordance with the final plans. Any subcontractors employed by Tenant or Tenant’s contractors must be acceptable to Landlord. Landlord will not unreasonably withhold approval of contractors and subcontractors.

 

F.   Construction:

 

(1)      Tenant will diligently complete the improvements in accordance with the final plans and will satisfy any requirements of any governmental authorities having jurisdiction over the improvements. The construction of the improvements must be performed in a good workmanlike manner and must comply with all applicable laws, ordinances, rules, and governmental orders and regulations. Construction of the improvements may not:

(a)      damage the Property except as specifically permitted by the final plans, including but not limited to damage to or interference with any structural component, system, or part of the Property;

(b)      interfere with the rights or operations of any other tenant in the Property or with Landlord’s management of the Property; and

(c)  not obstruct any common area, walk, or drive except as Landlord permits.

 

(2)           Landlord and Landlord’s designees may inspect the construction of the improvements from time to time. If Landlord notifies Tenant of any construction defect or non-compliance with the final plans, Tenant must promptly correct the defect or non-compliance.

 

(3)           All construction staging areas and dumpster locations are subject to Landlord’s approval. Construction debris will not be allowed to accumulate on the Property. All construction debris will be completely removed from the Property upon completion of construction.

 

G.  Completion:

 

(1)           Tenant must substantially complete the construction of the improvements to the leased premises in accordance with this addendum on or before               July 30, 2015              . Except Except as provided in this paragraph, the failure to complete construction of the improvements by the date specified does not relieve Tenant of Tenant’s obligations to pay rent or satisfy other terms and conditions of the lease. The time by which Tenant must complete construction may be extended only if: (a) Landlord causes the delay; (b) governmental authorities delay issuing permits or performing inspections through no fault of Tenant; or (c) a construction delay is caused by strike, lock-out, shortage of material, governmental restriction, riot, flood, or a cause outside Tenant’s control. Any extension under this paragraph may be exercised by Tenant only if Tenant promptly notifies Landlord in writing of the extension after Tenant knows or has reason to know of any applicable delay which is cause for an extension. Any extension under this paragraph may not exceed the lesser of: the number of days of the delay caused by the specified cause for the delay or         15         days. If a delay authorized by this Paragraph applies, the Commencement Date and Expiration Date of the lease shall likewise be extended along with an appropriate adjustment in the rent due dates. If a delay is caused by Landlord and the delay exceeds the time for which an extension is permitted under this paragraph, Tenant may exercise its remedies under the default provision of the lease.

 

 

	
(TAR-2112)   8-15-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ
    	
Page 2 of 4

 

 
    

 

	
Produced with ZipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
Leasehold Construction Addendum concerning
    	
300 Boone Rd,   Burleson, TX 76028
    

 

	
 
    	
(2)
    	
Construction is complete when all the improvements are constructed in   accordance with the final plans and Tenant provides Landlord with: (a) a   final certificate executed by the supervising person; and (b) if   required by a governmental body, a certificate of occupancy permitting Tenant   to occupy the leased premises for the purposes set forth in the lease. 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
(3)
    	
The supervising person is
    	
Mike   Donovan
    	
 .
    
	
 
    	
 
    	
The certificate of the supervising person is conclusive in any dispute   involving the construction performed or required to be performed under this   addendum.
    
	
 
    	
 
    	
 
    
	
H.
    	
No Liens:
    
	
 
    	
 
    	
 
    
	
 
    	
(1)
    	
Tenant guarantees that Tenant will pay all costs of any liability   related to the construction of the improvements described in this addendum   and further guarantees the lien-free completion of the improvements against   the leased premises and Property. Tenant may not create or place any lien or   encumbrance, of any kind, upon the leased premises or Property that encumbers   Landlord’s interest in the leased premises or Property.
    
	
 
    	
 
    	
 
    
	
 
    	
(2)
    	
Before Landlord reimburses Tenant for the cost of the improvements,   Tenant must:
    
	
 
    	
 
    	
(a)
    	
deliver to Landlord a waiver of liens in recordable form acceptable to   Landlord from each contractor, subcontractor, and materialman. The waivers   must specify that: (a) the contractor, subcontractor, or materialman   waive any and all claims against Landlord and waive any and all lien rights   against Landlord’s interest in the leased premises and Property; and   (b) the contractor or subcontractor agree to hold Landlord harmless from   any and all claims arising from or in connection with its work or materials;
    
	
 
    	
 
    	
(b)
    	
obtain any required certificate of occupancy; and
    
	
 
    	
 
    	
(c)
    	
commence business in the leased premises.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
(3)
    	
If any lien is filed or asserted against any portion of the leased   premises or Property as a result of the acts of Tenant or Tenant’s   contractors, subcontractors, or materialmen, Tenant must remove any such lien   or lien claim within 20 days after receipt of notice from Landlord.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
(4)
    	
Tenant will indemnify and keep Landlord harmless from all damages,   costs, expenses, and attorney’s fees that may arise from any lien or claim   that may be filed or threatened as a result of the improvements to be   constructed under this addendum.
    
	
 
    	
 
    	
 
    	
 
    
	
I.
    	
Bonds: Before commencement of any construction, Tenant   and Tenant’s contractors, at no cost to Landlord, must post the following   bonds in favor of the Landlord in the amounts specified:                           
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 .
    
	
 
    	
 
    	
 
    	
 
    
	
J.
    	
Insurance:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
(1)
    	
Before any construction commences, Tenant must deliver to Landlord   evidence that the insurance required by Paragraph 8A of the lease will be in   effect not later than the day construction begins.
    
	
 
    	
 
    	
 
    
	
 
    	
(2)
    	
Before any construction commences, Tenant must deliver to Landlord   certificates of insurance, from insurers acceptable to Landlord, evidencing   that any contractor maintains insurance to protect Landlord, Tenant, and the   contractor from:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	

    	
(a)
    	
workman compensation claims and other employee benefit acts in an   amount not less than
    
	
 
    	
 
    	
 
    	
$
    	
1,000,000.00
    	
 per occurrence;
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	

    	
(b)
    	
claims for damages from bodily injury or death to employees and others   in an amount not less than
    
	
 
    	
 
    	
 
    	
$
    	
1,000,000.00
    	
 per person and $
    	
1,000,000.00
    	
 per occurrence; and
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	

    	
(c)
    	
property damage in an amount not less than $
    	
1,000,000.00  
    	
per occurrence.
    
															

 

 

	
(TAR-2112) 8-15-14
    	
Initialed   for Identification by Landlord: /s/ RO, and Tenant: /s/ LRJ
    	
Page 3 of 4
    
	
 
    	
 
    	
 
    
	
Produced with ZipForm® by zipLogix   18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
Leasehold Construction Addendum concerning
    	
300 Boone Rd,   Burleson, TX 76028
    

 

	
 
    	
(3)
    	
The insurance required by this Paragraph J must cover any and all   claims that may arise out of or as a result of the operations of the   contractor or the contractor’s subcontracor(s).
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
(4)
    	
The coverage required by this Paragraph J must be maintained by Tenant   or Tenant’s contractors, at Tenant’s or the contractors’ sole expense, during   all times of any construction period. If Tenant fails or if any of Tenant’s   contractors fail to maintain the required insurance in full force and effect   at all required times, Landlord may:
    
	
 
    	
 
    	
(a)
    	
purchase such insurance on behalf of Tenant or the   contractor(s) and Tenant must immediately reimburse Landlord for such   expense; or
    
	
 
    	
 
    	
(b)
    	
exercise Landlord’s remedies for Tenant’s default under the lease.
    
	
 
    	
 
    	
 
    	
 
    
	
K.
    	
Tenant’s Assumption of Liability: Tenant must   promptly pay and discharge all costs, expenses, claims for damages, liens,   lien claims, and any other liabilities which may arise from or in connection   with the construction of the improvements described in this addendum. Tenant   agrees to hold Landlord harmless from all costs, expenses, damages, liens,   lien claims, and any other liabilities, which may arise from or in connection   with the construction of the improvements described in this addendum.
    
	
 
    	
 
    	
 
    	
 
    
	
L.
    	
Special Provisions: (If   applicable, include any business details, factual statements, or any   requirements the parties must satisfy [for example, Landlord’s obligation to   complete shell construction by a certain date or by the time the license   under Paragraph A(2) commences].)
    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
Landlord:
    	
Ja-Cole, L.P.,
    	
 
    	
Tenant:
    	
AxoGen Corporation,
    
	
By:
    	
/s/ Rob Orr
    	
 
    	
By:
    	
/s/ Lee Robert Johnston,   Jr
    
	
 
    	
By (signature):
    	
/s/ Rob Orr
    	
 
    	
 
    	
By (signature):
    	
/s/ Lee Robert   Johnston, Jr
    
	
 
    	
Printed Name:
    	
Rob Orr
    	
 
    	
 
    	
Printed Name:
    	
Lee Robert Johnston, Jr
    
	
 
    	
Title:
    	
President
    	
 
    	
 
    	
Title:
    	
CFO
    
	
By:
    	
 
    	
 
    	
 
    	
By:
    	
 
    	
 
    
	
 
    	
By (signature):
    	
 
    	
 
    	
 
    	
By (signature):
    	
 
    
	
 
    	
Printed Name:
    	
 
    	
 
    	
 
    	
Printed Name:
    	
 
    
	
 
    	
Title:
    	
 
    	
 
    	
 
    	
Title:
    	
 
    
											

 

	
(TAR-2112)   8-15-14
    	
 
    	
Page 4 of 4
    
	
 
    	
 
    	
 
    
	
Produced with ZipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
 
    	
AxoGen,
    

 

 

 

TEXAS ASSOCIATION OF REALTORS®

COMMERCIAL LEASE ADDENDUM FOR RIGHT OF FIRST REFUSAL

USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc. 2010

 

 

	
ADDENDUM TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES   CONCERNING 
    
	
THE LEASED PREMISES AT 
    	
300 Boone Rd,  Burleson, TX    76028
    

 

 

A. “Additional space” means all or part of the following areas along with all its improvements:

 

	
q
    	
(1)
    	
the   following floors in the Property:                                                                                                         
    	
.
    
	
 
    	
 
    	
 
    	
 
    
	

    	
(2)
    	
the   following suites in the Property, presently identified, as:  A–1, A–5 – A–12                                       
    
	
 
    	
 
    	
 
    	
.
    
	
 
    	
 
    	
 
    
	
q
    	
(3)
    	
 
    
	
 
    	
 
    	
 
    	
.
    
					

 

The parties agree that the rentable area of the additional space may not equal the actual or useable area within the additional space and may include an allocation of common areas in the Property.

 

B.          If Landlord receives an acceptable written offer from another person to lease the additional space at a time when the above-referenced lease is in effect, Landlord will notify Tenant of the offer. Not later than 7 days after Tenant receives Landlord’s notice of the offer, Tenant may notify Landlord that Tenant will lease the additional space identified in the offer under the same terms and conditions in the offer. If Tenant notifies Landlord that Tenant will lease the additional space identified in the offer, Tenant must execute a written lease for the additional space identified in the offer or amend the above-referenced lease, as Landlord may require, not later than         2         days after Tenant receives Landlord’s notice. If Tenant fails to timely comply with this paragraph, Landlord may lease the additional space identified in the offer to the person who made the offer. If Tenant does not exercise its right to lease the additional space identified in the offer and Landlord does not lease the additional space identified in the offer to the person who made the offer, Tenant q does  does not retain the right of refusal under this addendum for any subsequent offers Landlord receives for the additional space identified in the offer.

 

C.         An offer for part of the additional space affects the parties’ rights and obligations only to the part of the additional space identified in the offer. Rights and obligations to parts of the additional space not identified in the offer are not affected. An offer to renew a lease for the additional space from a tenant occupying the additional space is not an offer to lease the additional space for the purposes of this addendum.

 

D.          Special Provisions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
(TAR-2105) 1-26-10
    	
Initialed   for Identification by Landlord: /s/ RO, and Tenant: /s/ LRJ
    	
Page 1 of 2

 
    

 

Orr, 504 Timber Ct. Burleson, TX 76028

	
Phone:   817.295.2238                       Fax: 817.265.0441                       Michael Langford
    	
AxoGen,
    

 

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

 

 

	
Commercial   Lease Addendum for Right of Refusal concerning 
    	
300 Boone Rd,  Burleson,  TX    76028
    

 

 

 

 

 

	
Landlord:
    	
Ja-Cole, L.P.
    	
 
    	
Tenant: 
    	
AxoGen Corporation
    
	
By:
    	
/s/ Rob Orr
    	
 
    	
By:
    	
/s/ Lee Robert   Johnston, Jr
    
	
 
    	
By (signature):
    	
/s/ Rob Orr
    	
 
    	
 
    	
By (signature):
    	
/s/ Lee Robert   Johnston, Jr
    
	
 
    	
Printed Name:
    	
Rob Orr
    	
 
    	
 
    	
Printed Name:
    	
Lee Robert Johnston, Jr
    
	
 
    	
Title:
    	
President
    	
 
    	
 
    	
Title:
    	
CFO
    
	
By:
    	
 
    	
 
    	
 
    	
By:
    	
 
    	
 
    
	
 
    	
By (signature):
    	
 
    	
 
    	
 
    	
By (signature):
    	
 
    
	
 
    	
Printed Name:
    	
 
    	
 
    	
 
    	
Printed Name:
    	
 
    
	
 
    	
Title:
    	
 
    	
 
    	
 
    	
Title:
    	
 
    
											

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
(TAR-2105)   1-26-10
    	
 
    	
Page 2 of 2
    
	
 
    	
 
    	
 
    
	
Produced with ZipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
 
    	
AxoGen,slm20150331ex101

    
Exhibit 10.1

SLM Corporation 2012 Omnibus Incentive Plan
Bonus Restricted Stock Unit Term Sheet
2014 Management Incentive Plan Award

This Bonus Restricted Stock Unit Term Sheet (this “Agreement”) further describes the terms of the Bonus RSUs granted to Grantee pursuant to the Bonus Restricted Stock Unit Grant Notice.  The Bonus Restricted Stock Unit Grant Notice and the SLM Corporation 2012 Omnibus Incentive Plan (the “Plan”) are incorporated herein in their entirety.
		
	1.
	Restrictions on Transfer.  The Award is fully vested at grant, but subject to transfer restrictions (“Transfer Restrictions”), with such restrictions to lapse on February 10, 2016 upon such lapsing the subject portion of the Award shall be settled in shares of the Corporation’s common stock.

		
	2.
	Employment Termination; Death; Disability.  If not previously lapsed, the Transfer Restrictions will remain, and the Award will be converted into shares of common stock on the original terms and dates set forth above in the event that (i) the Grantee’s employment is terminated by the Corporation (or its subsidiaries) for any reason other than for Misconduct, as determined by the Corporation in its sole discretion, or (ii) the Grantee voluntarily ceases to be an employee of the Corporation (or its subsidiaries) for any reason.

If not previously lapsed, the Transfer Restrictions will lapse and the Award will be settled in shares of the Corporation’s common stock, upon death or Disability (provided that such Disability qualifies as a “disability” within the meaning of Treasury Regulation Section 1.409A-3(i)(4)).
The Award shall be forfeited upon termination of employment due to Misconduct, as determined by the Corporation in its sole discretion.
Notwithstanding anything stated herein, the Plan or in the SLM Corporation Change in Control Severance Plan for Senior Officers, this Award shall not be subject to the terms set forth in the SLM Corporation Change in Control Severance Plan for Senior Officers.
		
	1.
	Taxes; Dividends.  The Grantee of the Award shall make such arrangements as may reasonably be required by the Corporation, including transferring a sufficient number of shares of the Corporation’s common stock, to satisfy the income and employment tax withholding requirements that accrue upon the Award becoming vested or, if applicable, settled in shares of the Corporation’s common stock (by approving this Agreement, the Nominations, Governance, and Compensation Committee (the “Committee”) hereby approves the transfer of such shares to the Corporation for purposes of SEC Rule 16b-3).  Dividends declared on vested Awards subject to transfer restrictions will not be paid currently.  Instead, amounts equal to such dividends will be credited to an account established on behalf of the Grantee and such amounts will be deemed to be invested in additional shares of the Corporation’s common stock (“Dividend Equivalents”).  Such Dividend Equivalents will be subject to the same schedule regarding the lapsing of transfer restrictions to which the Award is subject.  Upon such lapsing of any portion of the Award, the amount of Dividend Equivalents allocable to such Award (and any fractional share amount) will also vest and will be converted into shares of the Corporation’s common stock (provided that any fractional share amount shall be paid in cash).

		
	2.
	Section 409A.  For purposes of section 409A of the Internal Revenue Code, the regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”), each payment and benefit payable under this Agreement is hereby designated as a separate payment.  The parties 

1

intend that all Bonus RSUs provided under this Agreement and shares issuable hereunder comply with or be exempt from the requirements of Section 409A so that none of the payments or benefits will be subject to the adverse tax penalties imposed under Section 409A, and any ambiguities herein will be interpreted to so comply.  Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Bonus RSUs is to be accelerated in connection with the Grantee’s termination of service, such accelerated Bonus RSUs will not be settled by virtue of such acceleration until and unless the Grantee has a “separation from service” within the meaning of Section Treasury Regulation 1.409A-1(h), as determined by the Corporation, in its sole discretion.  Further, and notwithstanding anything in the Plan or this Agreement to the contrary, if (x) any of the Bonus RSUs to be provided in connection with the Grantee’s separation from service do not qualify for any reason to be exempt from Section 409A, (y) the Grantee is, at the time of such separation from service, a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)) and (z) the settlement of such Bonus RSUs would result in the imposition of additional tax under Section 409A if such settlement occurs on or within the six (6) month period following the Grantee’s separation from service, then, to the extent necessary to avoid the imposition of such additional taxation, the settlement of any such Bonus RSUs during such six (6) month period will accrue and will not be settled until the date six (6) months and one (1) day following the date of the Grantee’s separation from service and on such date (or, if earlier, the date of the Grantee’s death), such Bonus RSUs will be settled.
		
	3.
	Clawback Provision.  Notwithstanding anything to the contrary herein, if the SLM Corporation Board of Directors (the “Board”), or an appropriate committee thereof, determines that, any material misstatement of financial results or a performance metric criteria has occurred as a result of the Grantee’s conduct or the Grantee has committed a material violation of corporate policy or has committed fraud or Misconduct, then the Board or committee shall consider all factors, with particular scrutiny when one of the top 20 members of management are involved, and the Board or such committee, may in its sole discretion require reimbursement of any compensation resulting from the vesting, exercise or settlement of Options and/or Restricted Stock/RSUs/Bonus RSUs and the cancellation of any outstanding Options and/or Restricted Stock/RSUs/ Bonus RSUs from the Grantee (whether or not such individual is currently employed by the Corporation) during the three-year period following the date the Board first learns of the violation, fraud or Misconduct.

		
	4.
	Securities Law Compliance.  The Corporation may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any transfer or sale by the Grantee of any shares of the Corporation’s common stock, including without limitation (a) restrictions under an insider trading policy and (b) restrictions that may be necessary in the absence of an effective registration statement under the Securities Act of 1933, as amended, covering the shares of the Corporation’s common stock.  The sale of the shares must also comply with other applicable laws and regulations governing the sale of such shares.

		
	5.
	Data Privacy.  As an essential term of this award, the Grantee consents to the collection, use and transfer, in electronic or other form, of personal data as described herein for the exclusive purpose of implementing, administering and managing Grantee’s participation in the Plan.  By accepting this award, the Grantee acknowledges that the Corporation holds certain personal information about the Grantee, including, but not limited to, name, home address and telephone number, date of birth, social security number or other identification number, salary, tax rates and amounts, nationality, job title, any shares of stock held in the Corporation, details of all options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding, for the purpose of implementing, administering and managing the Plan (“Data”).  Grantee acknowledges that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in jurisdictions that may have different data privacy laws and protections, and Grantee authorizes the recipients to receive, possess, use, retain and transfer 

2

the Data, in electronic or other form, for the purposes of implementing, administering and managing the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom the Grantee or the Corporation may elect to deposit any shares of the Corporation’s common stock.  Grantee acknowledges that Data may be held to implement, administer and manage the Grantee’s participation in the Plan as determined by the Corporation, and that Grantee may request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, provided however, that refusing or withdrawing Grantee’s consent may adversely affect Grantee’s ability to participate in the Plan.
		
	6.
	Electronic Delivery.  The Corporation may, in its sole discretion, decide to deliver any documents related to any awards granted under the Plan by electronic means or to request Grantee’s consent to participate in the Plan by electronic means.  Grantee hereby consents to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Corporation or another third party designated by the Corporation, and such consent shall remain in effect throughout Grantee’s term of service with the Corporation (or its subsidiaries) and thereafter until withdrawn in writing by Grantee.

		
	7.
	Board Interpretation.  The Grantee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board and, where applicable, the Committee concerning any questions arising under this Agreement or the Plan.

		
	8.
	No Right to Continued Employment.  Nothing in the Plan, in this Agreement or any other instrument executed pursuant thereto or hereto shall confer upon the Grantee any right to continued employment with the Corporation or any of its subsidiaries or affiliates.

		
	9.
	Amendments for Accounting Charges.  The Committee reserves the right to unilaterally amend this Agreement to reflect any changes in applicable law or financial accounting standards.

		
	10.
	Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law.

		
	11.
	Notices.  All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered, telefaxed or telecopied to, or, if mailed, when received by, the other party at the following addresses:

If to the Corporation to:
Human Resources Department
ATTN: Total Rewards
300 Continental Drive
Newark, DE 19713
If to the Grantee, to (i) the last address maintained in the Corporation’s Human Resources files for the Grantee or (ii) the Grantee’s mail delivery code or place of work at the Corporation (or its subsidiaries).
		
	12.
	Plan Controls; Entire Agreement; Capitalized Terms.  In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the terms of the Plan control, except as expressly stated otherwise herein.  This Agreement, the Plan  and the Bonus Restricted Stock Unit Grant Notice together set forth the entire agreement and understanding between the parties as to the subject matter hereof and supersede all prior oral and written and all contemporaneous or subsequent oral discussions, agreements and understandings of any kind or nature.  Capitalized terms not defined herein shall have the meanings as described in the Plan or in the Bonus Restricted Stock Unit Grant Notice.

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	13.
	Miscellaneous.  In the event that any provision of this Agreement is declared to be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such provision shall be reformed, if possible, to the extent necessary to render it legal, valid and enforceable, or otherwise deleted, and the remainder of this Agreement shall not be affected except to the extent necessary to reform or delete such illegal, invalid or unenforceable provision.  The headings in this Agreement are solely for convenience of reference, and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect.  The Grantee shall cooperate and take such actions as may be reasonably requested by the Corporation in order to carry out the provisions and purposes of the Agreement.  The Grantee is responsible for complying with all laws applicable to Grantee, including federal and state securities reporting laws.

Grantee is deemed to accept this Award of Bonus RSUs under this Agreement and to agree that such Award is subject to the terms and conditions set forth in this Agreement and the Plan unless Grantee provides the Corporation written notification of Grantee’s rejection of this Award of Bonus RSUs not later than 30 days after Grantee’s receipt of notice of the posting of this Agreement on-line or through electronic means (in which case such Award will be forfeited and Grantee shall have no further right or interest therein as of such date).

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