Document:

Dorman Products, Inc. Nonqualified Deferred Compensation Plan

 Exhibit 10.1 
 DORMAN PRODUCTS, INC. 
 NONQUALIFIED DEFERRED COMPENSATION PLAN

 This document is drafted with the intent that it comply with Internal Revenue Code Section 409A and regulations promulgated
thereunder. 
 Renaissance Benefit Advisors and MassMutual Retirement Services have provided you this specimen document strictly in
its capacity as service provider, employee benefits consulting firm and plan recordkeeper. Renaissance Benefit Advisors and MassMutual Retirement Services do NOT provide legal, tax or accounting consultation or advice. It is Renaissance Benefit
Advisors’ and MassMutual Retirement Services’ recommendation that you seek appropriately specialized professional consultation regarding the information and/or material contained herein. 

 DORMAN PRODUCTS, INC. 

NONQUALIFIED DEFERRED COMPENSATION PLAN 
 Table of Contents 
  

							
	 	  	 	  	Page	 
	
	Article 1 - Definitions	  
			
	 1.1
	  	 Account
	  	 	1	  
	 1.2
	  	 Administrator
	  	 	1	  
	 1.3
	  	 Board
	  	 	1	  
	 1.4
	  	 Bonus
	  	 	1	  
	 1.5
	  	 Change-in-Control
	  	 	1	  
	 1.6
	  	 Code
	  	 	2	  
	 1.7
	  	 Compensation
	  	 	2	  
	 1.8
	  	 Deferrals
	  	 	2	  
	 1.9
	  	 Deferral Election
	  	 	2	  
	 1.10
	  	 Disability
	  	 	2	  
	 1.11
	  	 Effective Date
	  	 	2	  
	 1.12
	  	 Eligible Employee
	  	 	2	  
	 1.13
	  	 Employee
	  	 	3	  
	 1.14
	  	 Employer
	  	 	3	  
	 1.15
	  	 Employer Discretionary Contribution
	  	 	3	  
	 1.16
	  	 ERISA
	  	 	3	  
	 1.17
	  	 Investment Fund
	  	 	3	  
	 1.18
	  	 Participant
	  	 	3	  
	 1.19
	  	 Performance-based Compensation
	  	 	3	  
	 1.20
	  	 Plan Year
	  	 	3	  
	 1.21
	  	 Salary
	  	 	3	  
	 1.22
	  	 Separation from Service
	  	 	4	  
	 1.23
	  	 Service Recipient
	  	 	4	  
	 1.24
	  	 Trust
	  	 	4	  
	 1.25
	  	 Trustee
	  	 	4	  
	1.26	  	 Years of Service
	  	 	4	  
	
	Article 2 - Participation	  
			
	 2.1
	  	 Commencement of Participation
	  	 	4	  
	 2.2
	  	 Loss of Eligible Employee Status
	  	 	5	  
	
	Article 3 - Contributions	  
			
	 3.1
	  	 Deferral Elections - General
	  	 	5	  
	 3.2
	  	 Time of Election
	  	 	5	  
	 3.3
	  	 Distribution Elections
	  	 	6	  
	 3.4
	  	 Additional Requirements
	  	 	6	  
	 3.5
	  	 Cancellation of Deferral Election due to Disability
	  	 	6	  

							
	 3.6
	  	 Employer Discretionary Contributions
	  	 	6	  
	 3.7
	  	 Crediting of Contributions
	  	 	7	  
	
	Article 4 - Vesting	  
			
	 4.1
	  	 Vesting of Deferrals
	  	 	7	  
	 4.2
	  	 Vesting of Employer Discretionary Contributions
	  	 	7	  
	 4.3
	  	 Vesting due to Certain Events
	  	 	7	  
	 4.4
	  	 Amounts Not Vested
	  	 	7	  
	 4.5
	  	 Forfeitures
	  	 	7	  
	
	Article 5 - Accounts	  
			
	 5.1
	  	 Accounts
	  	 	8	  
	 5.2
	  	 Investments, Gains and Losses
	  	 	8	  
	
	Article 6 - Distributions	  
			
	 6.1
	  	 Distribution Election
	  	 	9	  
	 6.2
	  	 Distributions Upon an In-Service Account Triggering Date
	  	 	9	  
	 6.3
	  	 Distributions Upon Separation from Service
	  	 	9	  
	 6.4
	  	 Substantially Equal Annual Installments
	  	 	9	  
	 6.5
	  	 Distributions due to Disability
	  	 	10	  
	 6.6
	  	 Distributions upon Death
	  	 	10	  
	 6.7
	  	 Changes to Distribution Elections
	  	 	10	  
	 6.8
	  	 Acceleration or Delay in Payments
	  	 	10	  
	 6.9
	  	 Unforeseeable Emergency
	  	 	11	  
	 6.10
	  	 Domestic Relations Orders
	  	 	11	  
	 6.11
	  	 Minimum Distribution
	  	 	11	  
	 6.12
	  	 Form of Payment
	  	 	11	  
	 6.13
	  	 Separation from Service for Cause
	  	 	11	  
	
	Article 7 - Beneficiaries	  
			
	 7.1
	  	 Beneficiaries
	  	 	12	  
	 7.2
	  	 Lost Beneficiary
	  	 	12	  
	
	Article 8 - Funding	  
			
	 8.1
	  	 Prohibition Against Funding
	  	 	12	  
	 8.2
	  	 Deposits in Trust
	  	 	13	  
	 8.3
	  	 Withholding of Employee Contributions
	  	 	13	  
	
	Article 9 - Claims Administration	  
			
	 9.1
	  	 General
	  	 	14	  
	 9.2
	  	 Claims Procedure
	  	 	14	  
	 9.3
	  	 Right of Appeal
	  	 	14	  
	 9.4
	  	 Review of Appeal
	  	 	15	  
	 9.5
	  	 Designation
	  	 	15	  

							
	Article 10 - General Provisions	  
			
	 10.1
	  	 Administrator
	  	 	15	  
	 10.2
	  	 No Assignment
	  	 	16	  
	 10.3
	  	 No Employment Rights
	  	 	16	  
	 10.4
	  	 Incompetence
	  	 	16	  
	 10.5
	  	 Identity
	  	 	16	  
	 10.6
	  	 Other Benefits
	  	 	17	  
	 10.7
	  	 Expenses
	  	 	17	  
	 10.8
	  	 Insolvency
	  	 	17	  
	 10.9
	  	 Amendment or Modification
	  	 	17	  
	 10.10
	  	 Plan Suspension
	  	 	17	  
	 10.11
	  	 Plan Termination
	  	 	17	  
	 10.12
	  	 Plan Termination due to a Change-in-Control
	  	 	18	  
	 10.13
	  	 Construction
	  	 	18	  
	 10.14
	  	 Governing Law
	  	 	18	  
	 10.15
	  	 Severability
	  	 	18	  
	 10.16
	  	 Headings
	  	 	18	  
	 10.17
	  	 Terms
	  	 	19	  

 DORMAN PRODUCTS, INC. 

NONQUALIFIED DEFERRED COMPENSATION PLAN 
 Dorman Products, Inc., a Pennsylvania corporation, hereby adopts this Dorman Products, Inc. Nonqualified Deferred Compensation Plan (the “Plan”) for the benefit of a select group of management
or highly compensated employees. This Plan is an unfunded arrangement and is intended to be exempt from the participation, vesting, funding, and fiduciary requirements set forth in Title I of the Employee Retirement Income Security Act of 1974, as
amended. It is intended to comply with Internal Revenue Code Section 409A. 
 Article 1 - Definitions 

 

	1.1	Account 

 The sum of all
the bookkeeping sub-accounts as may be established for each Participant as provided in Section 5.1 hereof. 
  

	1.2	Administrator 

 An
administrative committee appointed by the Employer. The Plan Administrator shall serve as the agent for the Employer with respect to the Trust. 
  

	1.3	Board 

 The Board of
Directors of the Employer. 
  

	1.4	Bonus 

 Compensation which
is designated as such by the Employer and which relates to services performed during an incentive period by an Eligible Employee in addition to his or her Salary, including any pretax elective deferrals from said Bonus to any Employer sponsored plan
that includes amounts deferred under a Deferral Election or any elective deferral as defined in Code Section 402(g)(3) or any amount contributed or deferred at the election of the Eligible Employee in accordance with Code Section 125 or
132(f)(4). 
  

	1.5	Change-in-Control 

Provided that such term shall be interpreted within the meaning of regulations promulgated under Code Section 409A, a
“Change-in-Control” of the Employer (which, for purpose of this Section 1.5 shall mean Dorman Products, Inc. but not any of its affiliates or subsidiaries) shall mean the first to occur of any of the following: 

(a) the date that any one person or persons acting as a group acquires ownership of Employer stock constituting more than fifty percent
(50%) of the total fair market value or total voting power of the Employer; 
 (b) the date that any one person or persons
acting as a group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of the stock of the Employer possessing thirty percent (30%) or more of the total
voting power of the stock of the Employer; 

  
 1 

 (c) the date that any one person or persons acting as a group acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Employer that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market
value of all of the assets of the Employer immediately prior to such acquisition; or 
 (d) the date that a majority of members
of the Employer’s Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or elections. 

 

	1.6	Code 

 The Internal
Revenue Code of 1986, as amended. 
  

	1.7	Compensation 

 The
Participant’s earned income, including Salary, Bonus, Performance-based Compensation, and other remuneration from the Employer as may be included by the Administrator. 

 

	1.8	Deferrals 

 The portion of
Compensation that a Participant elects to defer in accordance with Section 3.1 hereof. 
  

	1.9	Deferral Election 

 The
separate agreement, submitted to the Administrator, by which an Eligible Employee agrees to participate in the Plan and make Deferrals thereto. 
  

	1.10	Disability 

 Provided that
such term shall be interpreted within the meaning of regulations promulgated under Code Section 409A, a Participant shall be considered to have incurred a Disability if: (i) the Participant is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; (ii) the Participant is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months
under an accident and health plan covering employees of the Participant’s Employer; or (iii) determined to be totally disabled by the Social Security Administration. 

 

	1.11	Effective Date 

April 1, 2011. 
  

	1.12	Eligible Employee 

 An
Employee shall be considered an Eligible Employee if such Employee is a member of a “select group of management or highly compensated employees,” within the meaning of 

  
 2 

 
Sections 201, 301 and 401 of ERISA, and is designated as an Eligible Employee by the Administrator. The Administrator may at any time, in its sole discretion, change the eligible criteria for an
Eligible Employee or determine that one or more Participants will cease to be an Eligible Employee. The designation of an Employee as an Eligible Employee in any year shall not confer upon such Employee any right to be designated as an Eligible
Employee in any future Plan Year. 
  

	1.13	Employee 

 Any person
employed by the Employer. 
  

	1.14	Employer 

 Dorman
Products, Inc. and its subsidiaries and affiliates. 
  

	1.15	Employer Discretionary Contribution 

 A discretionary contribution made by the Employer that is credited to one or more Participant’s Accounts in accordance with the terms of Section 3.6 hereof. 

 

	1.16	ERISA 

 The Employee
Retirement Income Security Act of 1974, as amended. 
  

	1.17	Investment Fund 

 Each
investment(s) which serves as a means to measure value, increases or decreases with respect to a Participant’s Accounts. 
  

	1.18	Participant 

 An Eligible
Employee who is a Participant as provided in Article 2. 
  

	1.19	Performance-based Compensation 

 Provided that such term shall be interpreted within the meaning of regulations promulgated under Code Section 409A, “Performance-based Compensation” shall mean compensation that
(i) meets the definition of Code Section 409A(a)(4)(B)(iii) and related guidance and regulations, (ii) is designated as such by the Employer and relates to services performed during a performance period of at least twelve months by an
Eligible Employee, including any pretax elective deferrals from said Performance-based Compensation to any Employer sponsored plan that includes amounts deferred under a Deferral Election or any elective deferral as defined in Code
Section 402(g)(3) or any amount contributed or deferred at the election of the Eligible Employee in accordance with Code Section 125 or 132(f)(4). 
  

	1.20	Plan Year 

 For the
initial Plan Year, Effective Date through December 31, 2011. For each year thereafter, January 1 through December 31. 
  

	1.21	Salary 

 An Eligible
Employee’s base salary earned during a Plan Year, including any pretax elective deferrals from said Salary to any Employer sponsored plan that includes amounts 

  
 3 

 
deferred under a Deferral Election or any elective deferral as defined in Code Section 402(g)(3) or any amount contributed or deferred at the election of the Eligible Employee in accordance
with Code Section 125 or 132(f)(4). 
  

	1.22	Separation from Service 

Provided that such term shall be interpreted within the meaning of regulations promulgated under Code Section 409A, a Participant
shall incur a Separation from Service with the Service Recipient due to death, retirement or other termination of employment with the Service Recipient unless the employment relationship is treated as continuing intact while the individual is on
military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the individual retains a right to reemployment with the Service Recipient under an applicable statute or
by contract. Upon a sale or other disposition of the assets of the Employer to an unrelated purchaser, the Administrator reserves the right, to the extent permitted by Code section 409A to determine whether Participants providing services to the
purchaser after and in connection with the purchase transaction have experienced a Separation from Service. 
  

	1.23	Service Recipient 

Provided that such term shall be interpreted within the meaning of regulations promulgated under Code Section 409A, Service Recipient
shall mean the Employer or person for whom the services are performed and with respect to whom the legally binding right to compensation arises, and all persons with whom such person would be considered a single employer under Code
Section 414(b) (employees of controlled group of corporations), and all persons with whom such person would be considered a single employer under Code Section 414(c) (employees of partnerships, proprietorships, etc., under common control).

  

	1.24	Trust 

 The agreement
between the Employer and the Trustee under which the assets of the Plan are held, administered and managed, which shall conform to the terms of Rev. Proc. 92-64. 
  

	1.25	Trustee 

 State Street
Bank & Trust, or such other successor that shall become trustee pursuant to the terms of the Plan. 
  

	1.26	Years of Service 

 A
Participant’s “Years of Service” shall be measured by employment during a twelve (12) month period commencing with the Participant’s date of hire and anniversaries thereof. 

Article 2 - Participation 
  

	2.1	Commencement of Participation 

 Each Eligible Employee shall become a Participant at the earlier of the date on which his or her Deferral Election first becomes effective or the date on which an Employer Discretionary Contribution is
first credited to his or her Account. 

  
 4 

	2.2	Loss of Eligible Employee Status 

 A Participant who is no longer an Eligible Employee shall not be permitted to submit a Deferral Election and all Deferrals for such Participant shall cease as of the end of the Plan Year in which such
Participant is determined to no longer be an Eligible Employee. Amounts credited to the Account of a Participant who is no longer an Eligible Employee shall continue to be held pursuant to the terms of the Plan and shall be distributed as provided
in Article 6. 
 Article 3 - Contributions 

 

	3.1	Deferral Elections - General 

 A Participant’s Deferral Election for a Plan Year is irrevocable for that applicable Plan Year; provided, however that a cessation of Deferrals shall be allowed if required by the terms of the
Employer’s qualified 401(k) plan in order for the Participant to obtain a hardship withdrawal from the 401(k) plan, or if required under Section 6.9 (Unforeseeable Emergency) of this Plan. Such amounts deferred under the Plan shall not be
made available to such Participant, except as provided in Article 6, and shall reduce such Participant’s Compensation from the Employer in accordance with the provisions of the applicable Deferral Election; provided, however, that all such
amounts shall be subject to the rights of the general creditors of the Employer as provided in Article 8. The Deferral Election, in addition to the requirements set forth below, must designate: (i) the amount of Compensation to be deferred,
(ii) the time of the distribution, and (iii) the form of the distribution. 
  

	3.2	Time of Election 

 A
Deferral Election shall be void if it is not made in a timely manner as follows: 
 (a) A Deferral Election with respect to any
Compensation must be submitted to the Administrator before the beginning of the calendar year during which the amount to be deferred will be earned. As of December 31 of each calendar year, said Deferral Election is irrevocable for the calendar
year. 
 (b) Notwithstanding the foregoing and in the discretion of the Employer, in a year in which an Employee is first
eligible to participate, and provided that such Employee is not eligible to participate in any other similar account balance arrangement subject to Code Section 409A, such Deferral Election shall be submitted within thirty (30) days after
the date on which an Employee is first eligible to participate, and such Deferral Election shall apply to Compensation to be earned during the remainder of the calendar year after such election is made. 

(c) Notwithstanding the foregoing and in the discretion of the Employer, a Deferral Election with respect to any Performance-based
Compensation may be submitted by the Eligible Employee or Participant provided that such Deferral Election is submitted at least six (6) months prior to the end of the performance period on which the Performance-based Compensation is based.

  
 5 

	3.3	Distribution Elections 

At the time a Participant makes a Deferral Election, he or she must also elect the time and form of the distribution by establishing one
or more In-Service Account(s) or Separation Account(s) as provided in Sections 5.1 and 6.1. If the Participant fails to properly designate the time and form of a distribution, the Participant’s Account shall be designated as a Separation
Account and shall be paid in a lump sum. 
  

	3.4	Additional Requirements 

The Deferral Election, subject to the limitations set forth in Sections 3.1 and 3.2 hereof, shall comply with the following additional
requirements, or as otherwise required by the Administrator in its sole discretion: 
 (a) Deferrals may be made in whole
percentages or stated dollar amounts with such limitations as determined by the Administrator. 
 (b) The maximum amount that
may be deferred each Plan Year is twenty-five percent (25%) of the Participant’s Salary, and ninety percent (90%) of the Participant’s Bonus or Performance-based Compensation. 

(c) The distribution year for an In-Service Account must be at least two (2) Plan Years subsequent to the Plan Year in which the
Participant first establishes the In-Service subaccount to be credited with contributions. 
  

	3.5	Cancellation of Deferral Election due to Disability 

 Notwithstanding anything to the contrary, if a Participant incurs a disability as defined in this Section 3.5, said Participant may file an election to stop Deferrals as of the date the election is
received by the Administrator, provided that such cancellation occurs by the later of the end of the calendar year or the
15th day of the third month following the date the
Participant incurs a disability. Disability for purposes of this Section 3.5 only means that a Participant incurs a medically determinable physical or mental impairment resulting in the Participant’s inability to perform the duties of his
or her position or any substantially similar position, where such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six months, as determined by the Administrator in its sole
discretion. 
  

	3.6	Employer Discretionary Contributions 

 The Employer reserves the right to make discretionary contributions to some or all Participants’ Accounts in such amount and in such manner as may be determined by the Employer. Such Employer
Discretionary Contribution, at the option of the Employer, shall be credited to such sub-account(s) as may be elected by the Participant in accordance with Sections 3.1 and 5.1 and procedures established by the Administrator. In the event no such
election is made by the Participant or if Employer desires to direct Employer Discretionary Contributions to a particular Participant sub-account, the Employer, in its sole discretion, may determine which sub-account will be credited with such
Employer Discretionary Contribution. In the event the Employer does not designate which Participant sub-account shall be credited, such Employer Discretionary Contribution shall be credited to the Participant’s Separation sub-account with the

  
 6 

 
shortest payment period maintained within the Participant’s Account in accordance with Section 5.1. If no Separation sub-accounts are maintained within the Participant’s Account,
such Employer Discretionary Contribution shall be credited to a lump sum Separation sub-account. 
  

	3.7	Crediting of Contributions 

(a) Salary Deferrals shall be credited to a Participant’s Account, and if applicable transferred to the Trust, at such time as the
Employer shall determine but no less frequently than at the close of each month. Bonus or Performance-based Compensation Deferrals shall be credited to a Participant’s Account, and if applicable transferred to the Trust, annually. 

(b) Employer Discretionary Contributions, if any, shall be credited to a Participant’s Account, and if applicable transferred to the
Trust, at such time as the Employer shall determine. 
 Article 4 - Vesting 

 

	4.1	Vesting of Deferrals 

 A
Participant shall be one-hundred percent (100%) vested in his or her Account attributable to Deferrals and any earning or losses on the investment of such Deferrals. 

 

	4.2	Vesting of Employer Discretionary Contributions 

 A Participant shall have a vested right to the portion of his or her Account attributable to Employer Discretionary Contribution(s) and any earnings or losses on the investment of such Employer
Discretionary Contribution(s) according to such vesting schedule as the Employer shall determine at the time an Employer Discretionary Contribution is made. 
  

	4.3	Vesting due to Certain Events 

 (a) A Participant who incurs a Disability shall be fully vested in the amounts credited to his or her Account as of the date of Disability. 

(b) Upon a Participant’s death, the Participant shall be fully vested in the amounts credited to his or her Account. 

 

	4.4	Amounts Not Vested 

 Any
amounts credited to a Participant’s Account that are not vested at the time of his or her Separation from Service shall be forfeited. 
  

	4.5	Forfeitures 

 At the
discretion of the Employer, any forfeitures from a Participant’s Account (i) shall continue to be held in the Trust, shall be separately invested, and shall be used to reduce succeeding Deferrals and any Employer Contributions, or
(ii) shall be returned to the Employer as soon as administratively feasible. 

  
 7 

 Article 5 - Accounts 

 

	5.1	Accounts 

 The
Administrator shall establish and maintain a bookkeeping account in the name of each Participant. The Administrator shall also establish sub-accounts as provided in subsection (a) and (b), below, as elected by the Participant pursuant to
Article 3. A Participant may have a maximum of ten (10) sub-accounts at any time. 
 (a) A Participant may establish one or
more Separation Account(s) (“Separation sub-accounts”) by designating as such on the Participant’s Deferral Election. Each Participant’s Separation sub-account shall be credited with Deferrals (as specified in the
Participant’s Deferral Election), any Employer Discretionary Contributions, and the Participant’s allocable share of any earnings or losses on the foregoing. Each Participant’s Separation sub-account shall be reduced by any
distributions made plus any federal and state tax withholding, and any social security withholding tax as may be required by law. 
 (b) A Participant may elect to establish one or more In-Service Accounts (“In-Service sub-accounts”) by designating as such in the Participant’s Deferral Election the year in which payment
shall be made. Each Participant’s In-Service sub-account shall be credited with Deferrals (as specified in the Participant’s Deferral Election), any Employer Discretionary Contributions, and the Participant’s allocable share of any
earnings or losses on the foregoing. Each Participant’s In-Service sub-account shall be reduced by any distributions made plus any federal and state tax withholding and any social security withholding tax as may be required by law. 

 

	5.2	Investments, Gains and Losses 

 (a) A Participant may direct that his or her Separation sub-accounts and or In-Service sub-accounts established pursuant to Section 5.1 may be valued as if they were invested in one or more
Investment Funds as selected by the Employer in multiples of one percent (1%). The Employer may from time to time, at the discretion of the Administrator, change the Investment Funds for purposes of this Plan. 

(b) The Administrator shall adjust the amounts credited to each Participant’s Account to reflect Deferrals, any Employer
Discretionary Contributions, investment experience, distributions and any other appropriate adjustments. Such adjustments shall be made as frequently as is administratively feasible. 

(c) A Participant may change his or her selection of Investment Funds no more than six (6) times each Plan Year with respect to his
or her Account or sub-accounts by filing a new election in accordance with procedures established by the Administrator. An election shall be effective as soon as administratively feasible following the date the change is submitted on a form
prescribed by the Administrator. 

  
 8 

 (d) Notwithstanding the Participant’s ability to designate the Investment Fund in which
his or her deferred Compensation shall be deemed invested, the Employer shall have no obligation to invest any funds in accordance with the Participant’s election. Participants’ Accounts shall merely be bookkeeping entries on the
Employer’s books, and no Participant shall obtain any property right or interest in any Investment Fund. 
 Article 6 -
Distributions 
  

	6.1	Distribution Election 

Each Participant shall designate in his or her Deferral Election the form and timing of his or her distribution by indicating the type of
sub-account as described under Section 5.1, and by designating the form in which payments shall be made from the choices available under Section 6.2 and 6.3 hereof. Notwithstanding anything to the contrary contained herein provided, no
acceleration of the time or schedule of payments under the Plan shall occur except as permitted under both this Plan and Code Section 409A. 
  

	6.2	Distributions Upon an In-Service Account Triggering Date 

 In-Service sub-account distributions shall begin as soon as administratively feasible but no later than ninety (90) days following June 1 of the calendar year designated by the Participant on a
properly submitted Deferral Election, and are payable in either a lump-sum payment or substantially equal annual installments, as described in Section 6.4 below, over a period of up to five (5) years as elected by the Participant in his or
her Deferral Election. If the Participant fails to properly designate the form of the distribution, the sub-account shall be paid in a lump-sum payment. 
  

	6.3	Distributions Upon Separation from Service 

 If the Participant has a Separation from Service, the Participant’s Separation sub-account(s) shall be distributed as soon as administratively feasible but no earlier than six months after the
Participant’s Separation from Service and no later than nine months after the Participant’s Separation from Service. Distribution shall be made either in a lump-sum payment or in substantially equal annual installments, as defined in
Section 6.4 below, over a period of up to ten (10) years as elected by the Participant. If the Participant fails to properly designate the form of the distribution, the sub-account shall be paid in a lump-sum payment. If a Participant has
any In-Service sub-accounts at the time of his or her Separation from Service, said sub-accounts shall be distributed in a lump sum as soon as administratively feasible but no earlier than six months after the Participant’s Separation from
Service and no later than nine months after the Participant’s Separation from Service. 
  

	6.4	Substantially Equal Annual Installments 

 (a) The amount of the substantially equal payments shall be determined by multiplying the Participant’s Account or sub-account by a fraction, the denominator of which in the first year of payment
equals the number of years over which benefits are to be paid, and the numerator of which is one (1). The amounts of the payments for each succeeding year shall be determined by multiplying the Participant’s Account or sub-account as of the
applicable 

  
 9 

 
anniversary of the payout by a fraction, the denominator of which equals the number of remaining years over which benefits are to be paid, and the numerator of which is one (1). Installment
payments made pursuant to this Section 6.4 shall be made as soon as administratively feasible but no later than ninety (90) days following the anniversary of the distribution event. 

(b) For purposes of the Plan pursuant to Code Section 409A and regulations thereunder, a series of annual installments from a
particular subaccount shall be considered a single payment. 
  

	6.5	Distributions due to Disability 

 Upon a Participant’s Disability, all amounts credited to his or her Account shall be paid to the Participant in a lump sum as soon as administratively feasible but no earlier than six months after
the Participant’s Disability and no later than nine months after the Participant’s Disability. 
  

	6.6	Distributions upon Death 

Upon the death of a Participant, all amounts credited to his or her Account shall be paid, as soon as administratively feasible but no
later than ninety (90) days following Participant’s date of death, to his or her beneficiary or beneficiaries, as determined under Article 7 hereof, in a lump sum. 

 

	6.7	Changes to Distribution Elections 

 A Participant will be permitted to elect to change the form or timing of the distribution of the balance of his or her one or more sub-accounts within his or her Account to the extent permitted and in
accordance with the requirements of Code Section 409A(a)(4)(C), including the requirement that (i) a redeferral election may not take effect until at least twelve (12) months after such election is filed with the Employer,
(ii) an election to further defer a distribution (other than a distribution upon death, Disability or an unforeseeable emergency) must result in the first distribution subject to the election being made at least five (5) years after the
previously elected date of distribution, and (iii) any redeferral election affecting a distribution at a fixed date must be filed with the Employer at least twelve (12) months before the first scheduled payment under the previous fixed
date distribution election. Once a sub-account begins distribution, no such changes to distributions shall be permitted. 
  

	6.8	Acceleration or Delay in Payments 

 To the extent permitted by Code Section 409A, and notwithstanding any provision of the Plan to the contrary, the Administrator, in its sole discretion, may elect to (i) accelerate the time or
form of payment of a benefit owed to a Participant hereunder in accordance with the terms and subject to the conditions of Treasury Regulations Section 1.409A-3(j)(4), or (ii) delay the time of payment of a benefit owed to a Participant
hereunder in accordance with the terms and subject to the conditions of Treasury Regulations Section 1.409A-2(b)(7). By way of example, and at the sole discretion of the Administrator, if a Participant’s entire Account balance is less than
the applicable Code Section 402(g) annual limit, the Employer may distribute the Participant’s Account in a lump sum provided that the distribution results in the termination of the participant’s entire interest in the Plan, subject
to the plan aggregation rules of Code Section 409A and regulations thereunder. 

  
 10 

	6.9	Unforeseeable Emergency 

 The
Administrator may permit an early distribution of part or all of any deferred amounts; provided, however, that such distribution shall be made only if the Administrator, in its sole discretion, determines that the Participant, or the
Participant’s beneficiary, has experienced an Unforeseeable Emergency. An Unforeseeable Emergency is defined as a severe financial hardship resulting from an illness or accident of the Participant, the Participant’s spouse, the
Participant’s beneficiary, or a dependent (as defined in Code Section 152(a)) of the Participant, loss of the Participant’s property due to casualty or other similar extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the Participant. If an Unforeseeable Emergency is determined to exist, a distribution may not exceed the amounts necessary to satisfy such emergency plus amounts necessary to pay taxes reasonably anticipated as a result
of the distribution, after taking into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation
of such assets would not itself cause severe financial hardship). Upon a distribution to a Participant under this Section 6.9, the Participant’s Deferrals shall cease and no further Deferrals shall be made for such Participant for the
remainder of the Plan Year and one subsequent Plan Year. 
  

	6.10	Domestic Relations Orders 

The Administrator may permit such acceleration of the time or schedule of a payment under the arrangement to an individual other than a
Participant as may be necessary to fulfill a domestic relations order (as defined in Code Section 414(p)(1)(B)). 
  

	6.11	Minimum Distribution 

Notwithstanding any provision to the contrary, if the balance of a Participant’s Account or sub-account at the time of a distribution
event or at the time of a scheduled installment payment is $25,000 or less, then the Participant shall be paid his or her Account or sub-account as a single lump sum. 
  

	6.12	Form of Payment 

 All
distributions shall be made in the form of cash. 
  

	6.13	Separation from Service for Cause. 

 Notwithstanding anything to the contrary contained herein, in the event the Participant has an involuntary Separation from Service for Cause, Participant shall only receive the return of his or her
Deferrals including the Participant’s allocable share of any earnings or losses credited on those Deferrals pursuant to Section 5.2, above. Upon a Participant’s Separation from Service for Cause, all amounts credited to
Participant’s Account relating to Company Discretionary Contribution(s), including the Participant’s allocable share of any earnings or losses credited on the foregoing pursuant to Section 5.2 shall be forfeited back to the
Company. For purposes of this Plan, “Cause” shall mean (i) engaging in willful or grossly negligent misconduct that is materially injurious to the Company and/or affiliate, (ii) embezzlement or misappropriation of funds or
property of the Company and/or affiliate, (iii) conviction of a felony or the entrance of a 

  
 11 

 
plea of guilty or nolo contendere to a felony, (iv) conviction of any crime involving fraud, dishonesty or breach of trust or the entrance of a plea of guilty or nolo contendere to such a
crime, or (v) failure or refusal by the Participant to devote full business time and attention to the performance of his or her duties and responsibilities if such breach has not been cured within fifteen (15) days after notice is given to
the Participant. 
 Article 7 - Beneficiaries 

 

	7.1	Beneficiaries 

 Each
Participant may from time to time designate one or more persons (who may be any one or more members of such person’s family or other persons, administrators, trusts, foundations or other entities) as his or her beneficiary under the Plan. Such
designation shall be made in a form prescribed by the Administrator. Each Participant may at any time and from time to time, change any previous beneficiary designation, without notice to or consent of any previously designated beneficiary, by
amending his or her previous designation in a form prescribed by the Administrator. If the beneficiary does not survive the Participant (or is otherwise unavailable to receive payment), or if no beneficiary is validly designated then the amounts
payable under this Plan shall be paid to the Participant’s estate. If more than one person is the beneficiary of a deceased Participant, each such person shall receive a pro rata share of any death benefit payable unless otherwise designated in
the applicable form. If a beneficiary who is receiving benefits dies, all benefits that were payable to such beneficiary shall then be payable to the estate of that beneficiary. 

 

	7.2	Lost Beneficiary 

 All
Participants and beneficiaries shall have the obligation to keep the Administrator informed of their current address until such time as all benefits due have been paid. If a Participant or beneficiary cannot be located by the Administrator
exercising due diligence, then, in its sole discretion, the Administrator may presume that the Participant or beneficiary is deceased for purposes of the Plan and all unpaid amounts (net of due diligence expenses) owed to the Participant or
beneficiary shall be paid accordingly or, if a beneficiary cannot be so located, then such amounts may be forfeited. Any such presumption of death shall be final, conclusive and binding on all parties. 

Article 8 - Funding 
  

	8.1	Prohibition Against Funding 

 Should any investment be acquired in connection with the liabilities assumed under this Plan, it is expressly understood and agreed that the Participants and beneficiaries shall not have any right with
respect to, or claim against, such assets nor shall any such purchase be construed to create a trust of any kind or a fiduciary relationship between the Employer and the Participants, their beneficiaries or any other person. Any such assets shall be
and remain a part of the general, unpledged, unrestricted assets of the Employer, subject to the claims of its general creditors. It is the express intention of the parties hereto that this arrangement shall be unfunded for tax purposes and for
purposes of Title I of the ERISA. Each Participant and beneficiary shall be required to look to the provisions of this Plan and to the Employer itself for enforcement of 

  
 12 

 
any and all benefits due under this Plan, and to the extent any such person acquires a right to receive payment under this Plan, such right shall be no greater than the right of any unsecured
general creditor of the Employer. The Employer or the Trust shall be designated the owner and beneficiary of any investment acquired in connection with its obligation under this Plan. 

 

	8.2	Deposits in Trust 

Notwithstanding Section 8.1, or any other provision of this Plan to the contrary, the Employer may deposit into the Trust any amounts
it deems appropriate to pay the benefits under this Plan. The amounts so deposited may include all contributions made pursuant to a Deferral Election by a Participant and any Employer Discretionary Contributions. 

 

	8.3	Withholding of Employee Contributions 

 The Administrator is authorized to make any and all necessary arrangements with the Employer in order to withhold the Participant’s Deferrals under Section 3.1 hereof from his or her
Compensation. The Administrator shall determine the amount and timing of such withholding. 

  
 13 

 Article 9 - Claims Administration 

 

	9.1	General 

 If a
Participant, beneficiary or his or her representative is denied all or a portion of an expected Plan benefit for any reason and the Participant, beneficiary or his or her representative desires to dispute the decision of the Administrator, he or she
must file a written notification of his or her claim with the Administrator. 
  

	9.2	Claims Procedure 

 Upon
receipt of any written claim for benefits, the Administrator shall be notified and shall give due consideration to the claim presented. If any Participant or beneficiary claims to be entitled to benefits under the Plan and the Administrator
determines that the claim should be denied in whole or in part, the Administrator shall, in writing, notify such claimant within ninety (90) days (forty-five (45) days if the claim is on account of Disability) of receipt of the claim that
the claim has been denied. The Administrator may extend the period of time for making a determination with respect to any claim for a period of up to ninety (90) days (thirty (30) days if claim is on account of Disability), provided that
the Administrator determines that such an extension is necessary because of special circumstances and notifies the claimant, prior to the expiration of the initial ninety (90) day (or forty-five (45) day) period, of the circumstances
requiring the extension of time and the date by which the Plan expects to render a decision. If the claim is denied to any extent by the Administrator, the Administrator shall furnish the claimant with a written notice setting forth: 

(a) the specific reason or reasons for denial of the claim; 
 (b) a specific reference to the Plan provisions on which the denial is based; 

(c) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why
such material or information is necessary; and 
 (d) an explanation of the provisions of this Article. 

Under no circumstances shall any failure by the Administrator to comply with the provisions of this Section 9.2 be considered to constitute an
allowance of the claimant’s claim. 
  

	9.3	Right of Appeal 

 A
claimant who has a claim denied wholly or partially under Section 9.2 may appeal to the Administrator for reconsideration of that claim. A request for reconsideration under this Section must be filed by written notice within sixty
(60) days (one-hundred and eighty (180) days if the claim is on account of Disability) after receipt by the claimant of the notice of denial under Section 9.2. 

  
 14 

	9.4	Review of Appeal 

 Upon
receipt of an appeal the Administrator shall promptly take action to give due consideration to the appeal. Such consideration may include a hearing of the parties involved, if the Administrator feels such a hearing is necessary. In preparing for
this appeal the claimant shall be given the right to review pertinent documents and the right to submit in writing a statement of issues and comments. After consideration of the merits of the appeal the Administrator shall issue a written decision
which shall be binding on all parties. The decision shall specifically state its reasons and pertinent Plan provisions on which it relies. The Administrator’s decision shall be issued within sixty (60) days (forty-five (45) days if
the claim is on account of Disability) after the appeal is filed, except that the Administrator may extend the period of time for making a determination with respect to any claim for a period of up one-hundred and twenty (120) days (ninety
(90) days if the claim is on account of Disability), provided that the Administrator determines that such an extension is necessary because of special circumstances and notifies the claimant, prior to the expiration of the initial one-hundred
and twenty (120) day (or, if the claim is on account of Disability, initial ninety (90) day) period, of the circumstances requiring the extension of time and the date by which the Plan expects to render a decision. Under no circumstances
shall any failure by the Administrator to comply with the provisions of this Section 9.4 be considered to constitute an allowance of the claimant’s claim. 
 In the case of a claim on account of Disability: (i) the review of the denied claim shall be conducted by an employee who is neither the individual who made the initial determination or a subordinate
of such person; and (ii) no deference shall be given to the initial determination. For issues involving medical judgment, the employee must consult with an independent health care professional who may not be the health care professional who
rendered the initial claim. 
  

	9.5	Designation 

 The
Administrator may designate any other person of its choosing to make any determination otherwise required under this Article. Any person so designated shall have the same authority and discretion granted to the Administrator hereunder. 

Article 10 - General Provisions 
  

	10.1	Administrator 

 (a) The
Administrator is expressly empowered to limit the amount of Compensation that may be deferred; to deposit amounts into the Trust in accordance with Section 8.2 hereof; to interpret the Plan, and to determine all questions arising in the
administration, interpretation and application of the Plan; to employ actuaries, accountants, counsel, and other persons it deems necessary in connection with the administration of the Plan; to request any information from the Employer it deems
necessary to determine whether the Employer would be considered insolvent or subject to a proceeding in bankruptcy; and to take all other necessary and proper actions to fulfill its duties as Administrator. 

(b) The Administrator shall not be liable for any actions by it hereunder, unless due to its own negligence, willful misconduct or lack
of good faith. 

  
 15 

 (c) The Administrator shall be indemnified and saved harmless by the Employer from and
against all personal liability to which it may be subject by reason of any act done or omitted to be done in its official capacity as Administrator in good faith in the administration of the Plan and Trust, including all expenses reasonably incurred
in its defense in the event the Employer fails to provide such defense upon the request of the Administrator. The Administrator is relieved of all responsibility in connection with its duties hereunder to the fullest extent permitted by law, short
of breach of duty to the beneficiaries. 
  

	10.2	No Assignment 

 Benefits
or payments under this Plan shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Participant or the Participant’s beneficiary, whether
voluntary or involuntary, and any attempt to so anticipate, alienate, sell, transfer, assign, pledge, encumber, attach or garnish the same shall not be valid, nor shall any such benefit or payment be in any way liable for or subject to the debts,
contracts, liabilities, engagement or torts of any Participant or beneficiary, or any other person entitled to such benefit or payment pursuant to the terms of this Plan, except to such extent as may be required by law. If any Participant or
beneficiary or any other person entitled to a benefit or payment pursuant to the terms of this Plan becomes bankrupt or attempts to anticipate, alienate, sell, transfer, assign, pledge, encumber, attach or garnish any benefit or payment under this
Plan, in whole or in part, or if any attempt is made to subject any such benefit or payment, in whole or in part, to the debts, contracts, liabilities, engagements or torts of the Participant or beneficiary or any other person entitled to any such
benefit or payment pursuant to the terms of this Plan, then such benefit or payment, in the discretion of the Administrator, shall cease and terminate with respect to such Participant or beneficiary, or any other such person. 

 

	10.3	No Employment Rights 

Participation in this Plan shall not be construed to confer upon any Participant the legal right to be retained in the employ of the
Employer, or give a Participant or beneficiary, or any other person, any right to any payment whatsoever, except to the extent of the benefits provided for hereunder. Each Participant shall remain subject to discharge to the same extent as if this
Plan had never been adopted. 
  

	10.4	Incompetence 

 If the
Administrator determines that any person to whom a benefit is payable under this Plan is incompetent by reason of physical or mental disability, the Administrator shall have the power to cause the payments becoming due to such person to be made to
another for his or her benefit without responsibility of the Administrator or the Employer to see to the application of such payments. Any payment made pursuant to such power shall, as to such payment, operate as a complete discharge of the
Employer, the Administrator and the Trustee. 
  

	10.5	Identity 

 If, at any
time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an
order of a court of 

  
 16 

 
competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer,
Administrator, and Trust incident to such proceeding or litigation shall be charged against the Account of the affected Participant. 
  

	10.6	Other Benefits 

 The
benefits of each Participant or beneficiary hereunder shall be in addition to any benefits paid or payable to or on account of the Participant or beneficiary under any other pension, disability, annuity or retirement plan or policy whatsoever.

  

	10.7	Expenses 

 All expenses
incurred in the administration of the Plan, whether incurred by the Employer or the Plan shall be paid by the Employer. 
  

	10.8	Insolvency 

 Should the
Employer be considered insolvent (as defined by the Trust), the Employer, through its Board and chief executive officer, shall give immediate written notice of such to the Administrator of the Plan and the Trustee. Upon receipt of such notice, the
Administrator or Trustee shall cease to make any payments to Participants who were Employees of the Employer or their beneficiaries and shall hold any and all assets attributable to the Employer for the benefit of the general creditors of the
Employer. 
  

	10.9	Amendment or Modification 

The Employer may, at any time, in its sole discretion, amend or modify the Plan in whole or in part, except that no such amendment or
modification shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and provided that such amendment or modification complies with Code Section 409A and related regulations thereunder. 

 

	10.10	Plan Suspension 

 The
Employer further reserves the right to suspend the Plan in whole or in part, except that no such suspension shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and provided that the distribution of the
vested Participant Accounts shall not be accelerated but shall be paid at such time and in such manner as determined under the terms of the Plan immediately prior to suspension as if the Plan had not been suspended. 

 

	10.11	Plan Termination 

 The
Employer further reserves the right to terminate the Plan in whole or in part, in the following manner, except that no such termination shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and provided
that such termination complies with Code Section 409A and related regulations thereunder: 
 (a) The Employer, in its sole
discretion, may terminate the Plan and distribute all vested Participants’ Accounts no earlier than twelve (12) calendar months from the date of the Plan termination and no later than twenty-four (24) calendar months from the date of
the Plan termination, provided however that all other similar arrangements are also terminated by the 

  
 17 

 
Employer for any affected Participant and no other similar arrangements are adopted by the Employer for any affected Participant within a three (3) year period from the date of termination;
or 
 (b) The Employer may decide, in its sole discretion, to terminate the Plan in the event of a corporate dissolution taxed
under Code Section 331, or with the approval of a bankruptcy court, provided that the Participants vested Account balances are distributed to Participants and are included in the Participants’ gross income in the latest of: (i) the
calendar year in which the termination occurs; (ii) the calendar year in which the amounts deferred are no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which payment is administratively
practicable. 
  

	10.12	Plan Termination due to a Change-in-Control 

 The Employer may decide, in its discretion, to terminate the Plan in the event of a Change-in-Control and distribute all vested Participants Account balances no earlier than thirty (30) days prior to
the Change-in-Control and no later than twelve (12) months after the effective date of the Change-in-Control, provided however that the Employer terminates all other similar arrangements for any affected Participant. 

 

	10.13	Construction 

 All
questions of interpretation, construction or application arising under or concerning the terms of this Plan shall be decided by the Administrator, in its sole and final discretion, whose decision shall be final, binding and conclusive upon all
persons. 
  

	10.14	Governing Law 

 This Plan
shall be governed by, construed and administered in accordance with the applicable provisions of ERISA, Code Section 409A, and any other applicable federal law, provided, however, that to the extent not preempted by federal law this Plan shall
be governed by, construed and administered under the laws of the Commonwealth of Pennsylvania, other than its laws respecting choice of law. 
  

	10.15	Severability 

 If any
provision of this Plan is held invalid or unenforceable, its invalidity or unenforceability shall not affect any other provision of this Plan and this Plan shall be construed and enforced as if such provision had not been included therein. If the
inclusion of any Employee (or Employees) as a Participant under this Plan would cause the Plan to fail to comply with the requirements of sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, or Code Section 409A, then the Plan shall be severed
with respect to such Employee or Employees, who shall be considered to be participating in a separate arrangement. 
  

	10.16	Headings 

 The Article
headings contained herein are inserted only as a matter of convenience and for reference and in no way define, limit, enlarge or describe the scope or intent of this Plan nor in any way shall they affect this Plan or the construction of any
provision thereof. 

  
 18 

	10.17	Terms 

 Capitalized terms
shall have meanings as defined herein. Singular nouns shall be read as plural, masculine pronouns shall be read as feminine, and vice versa, as appropriate. 
 IN WITNESS WHEREOF, Dorman Products, Inc. has caused this instrument to be executed by its duly authorized officer, effective as of this 11th day of February, 2011. 

 

							
		 		 		 	Dorman Products, Inc.
				
		 		 		 	By:/s/ Mathias J. Barton                    
				
		 		 		 	Title: Chief Financial Officer            
			
	ATTEST:	 		 	
			
	By:  /s/ Thomas J.
Knoblauch                            	 		 	
			
	Title: Vice President General Counsel    	 		 	

  
 19Form of Restricted Stock Agreement

 Exhibit 10.1 
 PHILIP MORRIS INTERNATIONAL INC. 
 2008 PERFORMANCE INCENTIVE PLAN

 (as amended and restated effective February 11, 2010) 

RESTRICTED STOCK AGREEMENT 
 FOR PHILIP MORRIS INTERNATIONAL INC. COMMON STOCK 
 (February 10, 2011)

 PHILIP MORRIS INTERNATIONAL INC. (the “Company”), a Virginia corporation, hereby grants to the employee
identified in the 2011 Restricted Stock Award section of the Award Statement (the “Employee”) under the Philip Morris International Inc. 2008 Performance Incentive Plan (as amended and restated effective February 11, 2010) (the
“Plan”) a Restricted Stock Award (the “Award”) dated February 10, 2011 (the “Award Date”) with respect to the number of shares set forth in the 2011 Restricted Stock Award section of the Award Statement (the
“Shares”) of the Common Stock of the Company (the “Common Stock”), all in accordance with and subject to the following terms and conditions: 
 1. Book Entry Registration. The Shares shall be evidenced by a book entry account maintained by the Company’s Transfer Agent for the Common Stock. Upon the vesting of Shares, no certificates
will be issued except upon a separate written request made to such Transfer Agent or other agent as determined by the Company. 

2. Restrictions. Subject to Section 3 below, the restrictions on the Shares shall lapse and the Shares shall vest on the
Vesting Date set forth in the 2011 Restricted Stock Award section of the Award Statement (the “Vesting Date”), provided that the Employee remains an employee of the PMI Group during the entire period commencing on the Award Date and ending
on the Vesting Date. 
 3. Termination of Employment Before Vesting Date. In the event of the termination of the
Employee’s employment with the PMI Group prior to the Vesting Date due to death or Disability, or upon the Employee reaching eligibility for Normal Retirement, the restrictions on the Shares shall lapse and the Shares shall become fully vested
on the date of death, Disability, or eligibility for Normal Retirement. 
 Subject to provisions of Section 6(a) of the
Plan, if the Employee’s employment with the PMI Group is terminated for any reason other than death or Disability or Normal Retirement prior to the Vesting Date, the Employee shall forfeit all rights to the Shares. Notwithstanding the foregoing
and except as provided in Section 6(a) of the Plan, the Compensation Committee of the Board of Directors of the Company may, in its sole discretion, waive the restrictions on, and the vesting requirements for, the Shares. 

4. Voting and Dividend Rights. During the Restriction Period, the Employee shall have the right to vote the Shares and to
receive any cash dividends payable with respect to the Shares, as paid, less applicable withholding taxes (it being understood that such dividends will generally be taxable as ordinary compensation income during such Restriction Period).

 5. Transfer Restrictions. This Award and the Shares (until they become unrestricted pursuant to the terms hereof)
are non-transferable and may not be assigned, hypothecated or otherwise pledged and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon the levy of any such process, the Award
shall immediately become null and void and the Shares shall be forfeited. 
 6. Withholding Taxes. The Company is
authorized to satisfy the actual minimum statutory withholding taxes arising from the granting, or vesting of this Award, as the case may be, by deducting the number of Shares having an aggregate value equal to the amount of withholding taxes due
from the total number of Shares awarded, vested, or otherwise becoming subject to current taxation. The Company is 

 
also authorized to satisfy the actual withholding taxes arising from the granting or vesting of this Award, or hypothetical withholding tax amounts if the Employee is covered under a Company tax
equalization policy, as the case may be, by the remittance of the required amounts from any proceeds realized upon the open-market sale of the vested Shares by the Employee. Shares deducted from this Award in satisfaction of actual minimum
withholding tax requirements shall be valued at the Fair Market Value of the vested Shares on the date as of which the amount giving rise to the withholding requirement first became includible in the gross income of the Employee under applicable tax
laws. If the Employee is covered by a Company tax equalization policy, the Employee also agrees to pay to the Company any additional hypothetical tax obligation calculated and paid under the terms and conditions of such tax equalization policy.

 7. Death of Employee. If any of the Shares shall vest upon the death of the Employee, they shall be registered in the
name of the estate of the Employee except that, to the extent permitted by the Compensation Committee, if the Company shall have theretofore received in writing a beneficiary designation, the Shares shall be registered in the name of the designated
beneficiary. 
 8. Board Authorization in the Event of Restatement. Notwithstanding anything in this Agreement to the
contrary, if the Board of Directors of the Company or an appropriate Committee of the Board determines that, as a result of fraud, misconduct, a restatement of the Company’s financial statements or a significant write-off not in the ordinary
course affecting the Company’s financial statements, an Employee has received more compensation in connection with this Award than would have been paid absent the fraud, misconduct, write-off or incorrect financial statement, the Board or
Committee, in its discretion, shall take such action with respect to this Award as it deems necessary or appropriate to address the events that gave rise to the fraud, misconduct, write-off or restatement and to prevent its recurrence. Such action
may include, to the extent permitted by applicable law, causing the partial or full cancellation of this Award and, with respect to Shares that have vested, requiring the Employee to repay to the Company the partial or full Fair Market Value of the
Award determined at the time of vesting. The Employee agrees by accepting this Award that the Board or Committee may make such a cancellation, impose such a repayment obligation, or take other necessary or appropriate action in such circumstances.

 9. Other Terms and Definitions. The terms and provisions of the Plan (a copy of which will be furnished to the
Employee upon written request to the Office of the Secretary, Philip Morris International Inc., 120 Park Avenue, New York, New York 10017) are incorporated herein by reference. To the extent any provision of this Award is inconsistent or in conflict
with any term or provision of the Plan, the Plan shall govern. Capitalized terms not otherwise defined herein have the meaning set forth in the Plan. Subject to the provisions of section 6(a) of the Plan, in the event of any merger, share exchange,
reorganization, consolidation, recapitalization, reclassification, distribution, stock dividend, stock split, reverse stock split, split-up, spin-off, issuance of rights or warrants or other similar transaction or event affecting the Common Stock
after the date of this Award, the Board of Directors of the Company is authorized, to the extent it deems appropriate, to make adjustments to the number and kind of shares of stock subject to this Award, including the substitution of equity
interests in other entities involved in such transactions, to provide for cash payments in lieu of Shares, and to determine whether continued employment with any entity resulting from such a transaction will or will not be treated as continued
employment with the PMI Group, in each case subject to any Board or Committee action specifically addressing any such adjustments, cash payments, or continued employment treatment. 

For purposes of this Agreement, (a) the term “Disability” means permanent and total disability as determined under
procedures established by the Company for purposes of the Plan, and (b) the term “Normal Retirement” means retirement from active employment under a pension plan of any member of the PMI Group or under an employment contract with any
member of the PMI Group on or after the date specified as the normal retirement age in the pension plan or employment contract, if any, under which the Employee is at that time accruing pension benefits for his or her current service (or, in the
absence of a 

  
 2 

 
specified normal retirement age, the age at which pension benefits under such plan or contract become payable without reduction for early commencement and without any requirement of a particular
period of prior service). In any case in which (i) the meaning of “Normal Retirement” is uncertain under the definition contained in the prior sentence or (ii) a termination of employment at or after age 65 would not otherwise
constitute “Normal Retirement,” an Employee’s termination of employment shall be treated as a “Normal Retirement” under such circumstances as the Committee, in its sole discretion, deems equivalent to retirement. “PMI
Group” means the Company and each of its subsidiaries and affiliates. Generally, for purposes of this Agreement, (x) a “subsidiary” includes only any company in which the Company, directly or indirectly, has a beneficial
ownership interest of greater than 50 percent and (y) an “affiliate” includes only any company that (A) has a beneficial ownership interest, directly or indirectly, in the Company of greater than 50 percent or (B) is under
common control with the Company through a parent company that, directly or indirectly, has a beneficial ownership interest of greater than 50 percent in both the Company and the affiliate. 

IN WITNESS WHEREOF, this Restricted Stock Agreement has been duly executed as of February 10, 2011. 

 

	
	PHILIP MORRIS INTERNATIONAL INC.
	
	/s/ Jerry Whitson
	 Jerry Whitson
 Deputy
General Counsel and Corporate Secretary
 Philip Morris International Inc.

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}]]