Document:

First Amendment, dated April 5, 2013, to the Registration Rights Agreement

 Exhibit 10.1 
 FIRST AMENDMENT 
 TO REGISTRATION RIGHTS AGREEMENT

 This FIRST AMENDMENT (this “Amendment”) to the Registration Rights Agreement dated October 25,
2010 (the “Agreement”) among AV HOMES, INC. (formerly known as Avatar Holdings Inc.) (the “Company”) and the undersigned shareholders of the Company (the “Majority Holders”) is entered into as of
April 5, 2013. Capitalized terms used but not defined in this Amendment will have the definitions or meanings given to them in the Agreement. 
 RECITALS 
  

	 	A.	The Company is contemplating filing with the Securities and Exchange Commission a universal shelf registration statement on Form S-3 (the “Registration
Statement”) covering the primary offering of securities by the Company from time to time. 

  

	 	B.	Pursuant to the Agreement, the Company granted to the Shareholders certain registration rights and other rights with respect to Registrable Securities beneficially
owned by such Shareholders. 

  

	 	C.	The Company and the Majority Holders desire to amend the Agreement pursuant to Section 11(a) thereof in order to preserve for the Company maximum
flexibility in meeting the Company’s financial and other needs in connection with offerings that may be undertaken by the Company under the Registration Statement. 

AGREEMENT 
 Accordingly,
the Company and the Majority Holders agree as follows: 
  

	 	1.	The Majority Holders hereby waive on behalf of all Shareholders, all rights of the Shareholders arising under, and the performance by the Company of any of its
obligations pursuant to, the Agreement, in each case prior to the date hereof. 

  

	 	2.	The definition of “Commencement Date” in Section 1 of the Agreement is hereby amended in its entirety to read as follows:

 “Commencement Date” means the earlier of: (a) April 5, 2014 or (b) the date
that is 180 days after the effective date of the first registration statement filed by the Company with the Securities and Exchange Commission on or after April 5, 2013. 

 

	 	3.	The parties agree that notwithstanding anything in the Agreement to the contrary, none of the rights of the Shareholders or obligations of the Company under Sections
1 through 8 of the Agreement shall take effect until the Commencement Date, as hereby amended, and the Company shall not be obligated to register any Registrable Securities until after such date. 

 

	 	4.	This Amendment is an amendment to the Agreement, and in the event of any inconsistency, the terms of this Amendment shall prevail. Except as expressly set forth herein,
all of the remaining terms and conditions of the Agreement remain in full force and effect. 

  

	 	5.	This Amendment shall be governed and construed in accordance with the laws of the State of New York. 

 

	 	6.	The Majority Holders represent and warrant that they hold a majority of the Registrable Securities and constitute the “Majority Holders” as defined in the
Agreement. 

  

	 	7.	This Amendment may be executed by facsimile signature and in multiple counterparts, each of which will be deemed an original, but all of which shall constitute one and
the same agreement. 

 [Signature Page Follows] 

 This undersigned have duly executed and delivered this Amendment as of the date first set
forth above. 
  

			
	COMPANY:
	
	AV HOMES, INC.
		
	By:	 	 /s/ Dave M. Gomez

			
	Name:	 	Dave M. Gomez
	Title:	 	EVP & General Counsel
	
	MAJORITY HOLDERS:
	
	JEN I, L.P.

 
			
		
	By:	 	Jen Partners, LLC, its manager
		
	By:	 	 /s/ Reuben S. Leibowitz

			
	Name:	 	Reuben S. Leibowitz
	Title:	 	Managing Member
	
	JEN RESIDENTIAL LP

 
			
		
	By:	 	Jen Partners, LLC, its manager
		
	By:	 	 /s/ Reuben S. Leibowitz

			
	Name:	 	Reuben S. Leibowitz
	Title:	 	Managing Member

 [Signature Page to First Amendment to AV Homes Registration Rights Agreement]EX-10.1

 Exhibit 10.1 
 FirstMerit Corporation 
 2013 Annual Incentive
Plan 
 Effective January 1, 2013 

 Contents 
  

 

					
	 Article 1. Establishment, Purpose, and Duration
	  	 	1	  
	 Article 2. Definitions
	  	 	1	  
	 Article 3. Administration
	  	 	5	  
	 Article 4. Eligibility and Participation
	  	 	6	  
	 Article 5. Awards
	  	 	6	  
	 Article 6. Awards Not Assignable or Transferable
	  	 	7	  
	 Article 7. Performance Measures
	  	 	7	  
	 Article 8. Beneficiary Designation
	  	 	9	  
	 Article 9. Rights of Participants
	  	 	9	  
	 Article 10. Change in Control
	  	 	9	  
	 Article 11. Amendment and Termination
	  	 	9	  
	 Article 12. Reporting and Withholding
	  	 	10	  
	 Article 13. Successors
	  	 	10	  
	 Article 14. General Provisions
	  	 	10	  

 FirstMerit Corporation 

2013 Annual Incentive Plan 

Article 1. Establishment, Purpose, and Duration 
 1.1 Establishment. FirstMerit Corporation, an Ohio corporation (hereinafter referred to as the “Company”), establishes an incentive compensation plan to be known as FirstMerit Corporation
2013 Annual Incentive Plan (hereinafter referred to as the “Plan”), as set forth in this document. This Plan permits the grant of Cash-Based Awards. This Plan shall become effective upon shareholder approval (the “Effective
Date”) and shall remain in effect as provided in Section 1.3 hereof. 
 1.2 Objectives of This Plan. The
objectives of this Plan are to optimize the profitability and growth of the Company through incentives consistent with the Company’s goals and that link and align the personal interests of Participants with an incentive for excellence in
individual performance, and to promote teamwork. This Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of Participants who make significant contributions to the
Company’s success and to allow Participants to share in the success of the Company. 
 1.3 Duration of This Plan.
This Plan shall commence on the Effective Date, as described in Section 1.1, and shall remain in effect until terminated, modified, or amended in accordance with Section 11.1 of the Plan. 

Article 2. Definitions 

Whenever used in this Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial
letter of the word shall be capitalized. 
  

	 	2.1	“Affiliate” means any entity (a) which, directly or indirectly, is controlled by, controls, or is under common control with the Company, or
(b) in which the Company has a significant entity interest, in either case as determined by the Committee, and which is designated by the Committee as such for purposes of the Plan. 

 

	 	2.2	“Annual Award Limit” or “Annual Award Limits” have the meaning set forth in Section 5.3. 

 

	 	2.3	“Award” means, individually or collectively, a grant to a Participant under an Award Agreement of any Cash-Based Award, subject to the terms of
this Plan. 

  

	 	2.4	“Award Agreement” means either: (a) a written or electronic agreement entered into by the Company and a Participant setting forth the terms
and provisions applicable to an Award granted under this Plan, including any amendment or modification thereof, or (b) a written or electronic statement issued by the Company to a Participant describing the terms and provisions of such Award,
including any amendment or modification thereof. The Committee may provide for the use of electronic, Internet, or other non-paper Award Agreements, and the use of electronic, Internet, or other non-paper means for the acceptance thereof and actions
thereunder by a Participant. 

  

	 	2.5	“Beneficiary” means the person a Participant designates to receive or exercise any Plan benefit or right that is unpaid when the Participant
dies. 

  

	 	2.6	“Board” or “Board of Directors” means the Board of Directors of the Company. 

 

	 	2.7	“Cash-Based Award” means a contractual right granted to an Employee under Article 5 entitling such Participant to receive a cash payment or payments,
at such times, and subject to such conditions, as are set forth in this Plan and the applicable Award Agreement. 

  

	 	2.8	 “Cause” has the meaning set forth in any written agreement between the Participant and the Company or any Related Entity or, if
there is no written agreement, one or more of the following acts of the Participant: (a) any act of fraud, intentional misrepresentation, embezzlement, misappropriation or

  
 1 

	 	
conversion by the Participant of the assets or business opportunities of the Company or any Related Entity; (b) conviction of the Participant of (or plea by the Participant of guilty to) a
felony (or a misdemeanor that originally was charged as a felony but was reduced to a misdemeanor as part of a plea bargain) or intentional and repeated violations by the Participant of the written policies or procedures of the Company or Related
Entity, as the case may be; (c) disclosure, other than through mere inadvertence, to unauthorized persons of any Confidential Information (as defined below); (d) intentional breach of any contract with or violation of any legal obligation
owed to the Company or any Related Entity; (e) dishonesty relating to the duties owed by the Participant to the Company or any Related Entity; (f) the Participant’s (i) willful and continued refusal to substantially perform
assigned duties (other than any refusal resulting from sickness or illness or while suffering from an incapacity due to physical or mental illness, including a condition that does or may result in a Disability), (ii) willful engagement in gross
misconduct materially and demonstrably injurious to the Company or any Related Entity or (iii) breach of any term of this Plan or an Award Agreement; or (g) any intentional cooperation with any party attempting to effect a Change in
Control unless (i) the Board has approved or ratified that action before the Change in Control or (ii) that cooperation is required by law. 

 However, Cause will not arise solely because the Participant is absent from active employment during periods of paid time off, consistent with the applicable paid time off policy of the Company or Related
Entity with which the Participant has a direct employment relationship, as the case may be, sickness or illness or while suffering from an incapacity due to physical or mental illness, including a condition that does or may result in a Disability or
other period of absence initiated by the Participant and approved by the Company or Related Entity with which the Participant has a direct employment relationship, as the case may be. 

The term “Confidential Information” means any and all information (other than information in the public domain) related to the
Company’s or any Related Entity’s business, including all processes, inventions, trade secrets, computer programs, technical data, drawings or designs, information concerning pricing and pricing policies, marketing techniques, plans, and
forecasts, new product information, information concerning methods and manner of operations and information relating to the identity and location of all past, present and prospective customers and suppliers. 

 

	 	2.9	“Change in Control” means, unless otherwise provided in an Award Agreement: 

 

	 	(a)	Individuals who, on April 19, 2006, constituted the Board (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the
Board, provided that any person becoming a director subsequent to April 19, 2006 whose election or nomination for election was approved by a vote of at least two-thirds of the then Incumbent Directors (either by a specific vote or by approval
of the proxy statement of the Company in which such person is named as a nominee for director, without written objection to such nomination) will be an Incumbent Director; provided, however, that no individual elected or nominated as a director of
the Company initially as a result of an actual or threatened election contest with respect to directors or any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board will ever be deemed to
be an Incumbent Director; 

  

	 	(b)	Any “person” (as such term is defined in Section 3(a)(9) of the Act and as used in Sections 13(d)(3) and 14(d)(2) of the Act) becomes through any
means (including those described in Sections 1.08(c)(i) through (vi)) a “beneficial owner” (as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or
more of the combined voting power of the Company’s then outstanding securities eligible to vote for the election of the Board (the “Company Voting Securities”); 

 

	 	(c)	 Any “person” (as such term is defined in Section 3(a)(9) of the Act and as used in Sections 13(d)(3) and 14(d)(2) of the Act)
becomes a “beneficial owner” (as defined in Rule 13d-3 under the Act), directly or indirectly, of Company Voting Securities representing twenty-five percent (25%) or more (but less than fifty percent (50%)) of the
Company Voting Securities; 

  
 2 

	 	
provided, however, that the event described in this subsection (c) will not be deemed to be a Change in Control for purposes of this subsection (c) by virtue of any of the following
acquisitions: (i) by the Company or any Related Entity; (ii) by or through any employee benefit plan sponsored or maintained by the Company or any Related Entity and described (or intended to be described) in Code Section 401(a);
(iii) directly through an equity compensation plan maintained by the Company or any Related Entity, including this Plan and any program described in Code Section 423; (iv) by any underwriter temporarily holding securities pursuant to
an offering of such securities; (v) by any entity or “person” (including a “group” as contemplated by Sections 13(d)(3) and 14(d)(2) of the Act) with respect to which that acquirer has filed SEC Schedule 13G
indicating that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing, directly or indirectly, the Company’s management or policies (regardless of whether such acquisition of
securities is considered to constitute the acquisition of control under the Bank Holding Company Act of 1956 pursuant to Regulation Y promulgated thereunder), unless and until that entity or person files SEC Schedule 13D, at which point
this exception will not apply to such Company Voting Securities, including those previously subject to a SEC Schedule 13G filing; or (vi) pursuant to a Non-Control Transaction (as defined in Section 2.9(d)). 

 

	 	(d)	The consummation of a merger, consolidation, statutory share exchange, or similar form of corporate transaction involving the Company or any Related Entity that
requires the approval of the Company’s shareholders, whether with respect to such transaction or the issuance of securities in connection with the transaction (a “Business Combination”), unless immediately following such Business
Combination: (i) more than fifty percent (50%) of the total voting power of (A) the corporation resulting from such Business Combination (the “Surviving Entity”), or (B) if applicable, the ultimate parent
corporation that directly or indirectly has beneficial ownership of one hundred percent (100%) of the voting securities eligible to elect directors (“Total Voting Power”) of the Surviving Entity (the “Parent Entity”), is
represented by Company Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable, shares into which such Company Voting Securities were converted pursuant to such Business Combination), and such voting
power among the holders thereof is in substantially the same proportion as the voting power of such Company Voting Securities among the holders thereof immediately prior to the Business Combination; and (ii) at least a majority of the members
of the board of directors of the Parent Entity (or, if there is no Parent Entity, the Surviving Entity) following the consummation of the Business Combination were Incumbent Directors at the time of the Board’s approval of the execution of the
initial agreement providing for such Business Combination. Any Business Combination which satisfies all of the criteria specified in subsections (i) and (ii) of this Section 2.9(d) will be deemed to be a “Non-Control
Transaction”; or 

  

	 	(e)	The shareholders of the Company approve a plan of complete liquidation or dissolution of the Company. 

Notwithstanding the foregoing: 
  

	 	(1)	With respect to an Award that is subject to Code Section 409A and that is payable or settled upon a Change in Control, the Change in Control must also constitute a
“change in control event” within the meaning of Code Section 409A; 

  

	 	(2)	 A Change in Control of the Company will not be deemed to occur solely because any person acquires beneficial ownership of more than twenty-five percent
(25%) of the Company Voting Securities as a result of the acquisition of Company Voting Securities by the Company which reduces the number of Company Voting Securities outstanding; provided that if after such acquisition by the Company such
person becomes the beneficial owner of additional Company Voting Securities that increases the percentage of outstanding Company Voting Securities 

  
 3 

	 	
beneficially owned by such person by more than one percent (1%), a Change in Control of the Company will then occur; and 

 

	 	(3)	The Employee will not be entitled to any amount under this Plan if he or she acted in concert with any person or group (as defined above) to effect a Change in Control,
other than at the specific direction of the Board and in his or her capacity as an employee of the Company or any Related Entity. 

  

	 	2.10	“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. For purposes of this Plan, references to sections of the Code
shall be deemed to include references to any applicable regulations thereunder and any successor or similar provision. 

  

	 	2.11	“Committee” means the Compensation Committee of the Board or a subcommittee thereof, or any other committee designated by the Board to
administer this Plan. The members of the Committee shall be appointed from time to time by and shall serve at the discretion of the Board and shall be composed of not less than two (2) Directors, each of whom is a nonemployee director (within
the meaning of Rule 16b-3) and an outside director (within the meaning of Code Section 162(m)) to the extent Rule 16b-3 and Section 162(m) of the Code, respectively, are applicable to the Company and the Plan. If the Committee does not
exist or cannot function for any reason, the Board may take any action under the Plan that would otherwise be the responsibility of the Committee. 

  

	 	2.12	“Covered Employee” means any Employee who is or may become a “Covered Employee,” as defined in Code Section 162(m), and who is
designated, either as an individual Employee or class of Employees, by the Committee within the shorter of: (a) ninety (90) days after the beginning of the Performance Period provided the outcome for the Performance Period is substantially
uncertain, or (b) twenty-five percent (25%) of the Performance Period has elapsed, as a “Covered Employee” under this Plan for such applicable Performance Period. 

 

	 	2.13	“Director” means any individual who is a member of the Board of Directors of the Company. 

 

	 	2.14	“Disability” shall have the same meaning as defined in any long-term disability policy or benefit contract maintained by the Company that is
applicable to the Participant and in effect on the grant date. 

  

	 	2.15	“Employee” means any person who, on any applicable date, is a common law employee of the Company or any Related Entity. A worker who is
classified as other than a common law employee but who is subsequently reclassified as a common law employee of the Company for any reason and on any basis will be treated as a common law employee only from the date that reclassification occurs and
will not retroactively be reclassified as an Employee for any purpose of this Plan. 

  

	 	2.16	“Excluded Transaction” means a plan of reorganization, merger, consolidation, or similar transaction that would result in the Voting Securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving corporation or any parent thereof) at least fifty percent (50%) of the
combined voting power of the Voting Securities of the entity surviving the plan of reorganization, merger, consolidation, or similar transaction (or the parent of such surviving entity) immediately after such plan of reorganization, merger,
consolidation, or similar transaction. 

  

	 	2.17	“Grant Date” means the date an Award is granted to a Participant pursuant to the Plan. 

 

	 	2.18	“Participant” means any eligible individual as set forth in Article 4 to whom an Award is granted. 

 

	 	2.19	“Performance-Based Compensation” means compensation under an Award that is intended to satisfy the requirements of Code Section 162(m) for
certain performance-based compensation paid to Covered Employees. Notwithstanding the foregoing, nothing in this Plan shall be construed to mean that an Award which does not satisfy the requirements for performance-based compensation under Code
Section 162(m) does not constitute performance-based compensation for other purposes, including Code Section 409A. 

  
 4 

	 	2.20	“Performance Measures” mean measures as described in Article 7 on which the performance goals are based and which are approved by the
Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation. 

  

	 	2.21	“Performance Period” means the period of time, as determined by the Committee, during which the performance goals must be met in order to
determine the degree of payout with respect to an Award; provided, however, that in no event shall such a period be less than twelve (12) consecutive months. 

 

	 	2.22	“Plan Year” means the Company’s fiscal year which begins January 1 and ends December 31. 

 

	 	2.23	“Related Entity” means any entity with whom the Company would be considered a single employer under Code Section 414(b) or (c), but
modified as permitted under any Code section relevant to the purpose for which the definition is applied. 

  

	 	2.24	“Service” means a Participant’s employment relationship with the Company or Related Entity. 

 

	 	2.25	“Specified Employee” means a “specified employee” within the meaning of Code Section 409A and any specified employee
identification policy or procedure of the Company. 

  

	 	2.26	“Termination of Employment” or “Terminates Employment” means a separation from Service of a Participant, within the meaning of
Code Section 409A. 

  

	 	2.27	“Voting Securities” means any securities which ordinarily possess the power to vote in the election of directors without the happening of any
pre-condition or contingency. 

 Article 3. Administration 

3.1 General. The Committee shall be responsible for administering this Plan, subject to this Article 3 and the other provisions of
this Plan. The Committee may employ attorneys, consultants, accountants, agents, and other individuals, any of whom may be an Employee, and the Committee, the Company, and its officers and Directors shall be entitled to rely upon the advice,
opinions, or valuations of any such individuals. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Participants, the Company, and all other interested individuals. 

3.2 Authority of the Committee. Subject to any express limitations set forth in the Plan, the Committee shall have full and
exclusive discretionary power and authority to take such actions as it deems necessary and advisable with respect to the administration of the Plan including, but not limited to, the following: 

 

	 	(a)	To determine from time to time which of the persons eligible under the Plan shall be granted Awards, when and how each Award shall be granted, what type or combination
of types of Awards shall be granted, the provisions of each Award granted (which need not be identical); 

  

	 	(b)	To construe and interpret the Plan and Awards granted under it, and to establish, amend, and revoke rules and regulations for its administration. The Committee, in the
exercise of this power, may correct any defect, omission, or inconsistency in the Plan or in an Award Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effective; 

 

	 	(c)	To approve forms of Award Agreements for use under the Plan; 

  

	 	(d)	To amend the Plan or any Award Agreement as provided in the Plan; 

  

	 	(e)	To adopt subplans and/or special provisions applicable to Awards regulated by the laws of a jurisdiction other than and outside of the United States. Such subplans
and/or special provisions may take precedence over other provisions of the Plan, but unless otherwise superseded by the terms of such subplans and/or special provisions, the provisions of the Plan shall govern; and 

 

	 	(f)	To authorize any person to execute on behalf of the Company any instrument required to effectuate any Award previously granted by the Committee.

  
 5 

 3.3 Delegation. The Committee may delegate to one or more of its members or to one or
more officers of the Company or any Related Entity or Affiliate or to one or more agents or advisors such administrative duties or powers as it may deem advisable, and the Committee or any individuals to whom it has delegated duties or powers as
aforesaid may employ one or more individuals to render advice with respect to any responsibility the Committee or such individuals may have under this Plan. The Committee may, by resolution, authorize one or more officers of the Company to do one or
both of the following on the same basis as can the Committee: (a) designate Employees to be recipients of Awards; (b) determine the size of any such Awards; provided, however, (i) the Committee shall not delegate such responsibilities
to any such officer for Awards to be granted to such officer; (ii) the resolution providing such authorization sets forth the total number of Awards such officer(s) may grant; and (iii) the officer(s) shall report periodically to the
Committee regarding the nature and scope of the Awards granted pursuant to the authority delegated. 
 3.4 Decisions
Binding. All determinations and decisions made by the Committee pursuant to the provisions of this Plan and all related orders and resolutions of the Board shall be final, conclusive, and binding on all persons, including the Company, its
stockholders, Employees, Participants, and their estates and beneficiaries. 
 Article 4. Eligibility and Participation 

4.1 Eligibility. Persons eligible to participate in this Plan include all officers and key Employees of the Company, or those who
will become officers or key Employees, whose performance or contribution, as determined by the Committee, benefits or will benefit the Company. 
 4.2 Actual Participation. Subject to the provisions of this Plan, the Committee may, from time to time, select from all eligible individuals, those individuals to whom Awards shall be granted and
shall determine, in its sole discretion, the nature of any and all terms permissible by law and the amount of each Award. 
 Article 5.
Awards 
 5.1 Grant of Cash-Based Awards. Subject to the terms and provisions of the Plan, the Committee, at any time
and from time to time, may grant Cash-Based Awards to Participants in such amounts and upon such terms as the Committee may determine. The Committee may grant Cash-Based Awards that are payable based on the attainment of a specified performance goal
(or goals), with or without additional Service requirements, as established by the Committee in its discretion. 
 5.2
Value of Cash-Based Awards. Each Cash-Based Award shall specify a payment amount or payment range as determined by the Committee. The Committee may establish a performance goal or goals in its discretion. If the Committee exercises its
discretion to establish performance goals, the number and/or value of such Cash-Based Award (the “Performance-Based Compensation Award”) that will be paid out to the Participant will depend on the extent to which the performance goals are
met and additional Service requirements, if any, are met. 
 5.3 Maximum Cash-Based Awards. The maximum aggregate amount
awarded or credited under this Plan with respect to Cash-Based Awards to any one Participant in any one Plan Year may not exceed $8,000,000, determined as of the date of payout.  

5.4 Payment of Cash-Based Awards. Payment, if any, with respect to a Cash-Based Award shall be made in cash, in accordance with
the terms of the applicable Award Agreement, and as the Committee determines in accordance with Code Section 409A, to the extent applicable. All Cash-Based Awards hereunder shall be paid no later than March 15 following the Plan Year for
which the Awards were earned. 
 5.5 Termination of Employment. The Committee shall determine the extent to which the
Participant shall have the right to receive payment for Cash-Based Awards, if any, following termination of the Participant’s 

  
 6 

 
employment with or provision of services to the Company or any Affiliate or Related Entity, as the case may be. Such provisions shall, subject to Section 5.7, be determined in the sole
discretion of the Committee, such provisions may be included in an agreement entered into with each Participant, but need not be uniform among all Awards of Cash-Based Awards issued pursuant to the Plan, and may reflect distinctions based on the
reasons for termination. 
 5.6 Compliance With Section 409A. To the extent applicable, it is intended that the Plan
and all Awards hereunder comply with the requirements of Section 409A of the Code, and the Plan and all Award Agreements shall be interpreted and applied by the Committee in a manner consistent with this intent in order to avoid the imposition
of any additional tax under Section 409A of the Code. In the event that any provision of the Plan or an Award Agreement is determined by the Committee to not comply with the applicable requirements of Section 409A of the Code, the
Committee shall have the authority to take such actions and to make such interpretations or changes to the Plan or an Award Agreement as the Committee deems necessary to comply with such requirements, provided that the Committee shall act in a
manner that is intended to preserve the economic value of the Award to the Participant. In no event whatsoever shall the Company be liable for any additional tax, interest, or penalties that may be imposed on any Participant by Section 409A of
the Code or any damages for failing to comply with Section 409A of the Code. 
 5.7 Compliance With
Section 162(m). The Plan shall be interpreted and construed in accordance with Section 162(m) of the Code. A Participant shall be eligible to receive payment with respect to a Performance-Based Compensation Award only to the extent
that the performance goals for such Performance Period are achieved and the terms of the Award applied against such performance goals determines that all or a portion of such Participant’s Performance-Based Compensation Award has been earned
for the Performance Period. Following the completion of a Performance Period, the Committee shall review and certify in writing whether, and to what extent, the Performance-Based Compensation Award for the Performance Period was achieved and then
the amount thereof. 
 Article 6. Awards Not Assignable or Transferable 

Except as expressly authorized by the Committee, during a Participant’s lifetime, his Awards shall be payable only to the
Participant. Awards shall not be assignable or transferable other than by will or the laws of descent and distribution or, subject to the consent of the Committee, pursuant to a domestic relations order entered into by a court of competent
jurisdiction; no Awards shall be subject, in whole or in part, to attachment, execution, or levy of any kind; and any purported assignment or transfer in violation of this Article 6 shall be null and void. The Committee may establish such procedures
as it deems appropriate for a Participant to designate a beneficiary to whom any amounts payable in the event of, or following, the Participant’s death may be provided. 
 Article 7. Performance Measures 
 7.1 Performance Measures. The
performance goals upon which the payment of a Performance-Based Compensation Award to a Covered Employee that is intended to qualify as Performance-Based Compensation shall be limited to the following Performance Measures: 

 

	 	(a)	Net earnings or net income (before or after taxes); 

  

	 	(b)	Earnings per share; 

  

	 	(c)	Deposit or asset growth; 

  

	 	(d)	Net operating income; 

  

	 	(e)	Return measures (including return on assets and equity); 

  

	 	(f)	Fee income; 

  

	 	(g)	Earnings before or after taxes, interest, depreciation and/or amortization; 

  
 7 

	 	(h)	Interest spread; 

  

	 	(i)	Productivity ratios; 

  

	 	(j)	Share price (including, but not limited to, growth measures and total shareholder return); 

 

	 	(k)	Expense targets; 

  

	 	(l)	Credit quality; 

  

	 	(m)	Efficiency ratio; 

  

	 	(n)	Market share; 

  

	 	(o)	Customer satisfaction; 

  

	 	(p)	NIACC (net income after cost of capital); 

  

	 	(q)	Revenue (including gross revenue, net revenue and revenue growth); or 

  

	 	(r)	Any combination of the foregoing. 

 Any Performance Measure(s) may be used to measure the performance of the Company, Related Entity, and/or Affiliate as a whole or any business unit of the Company, Related Entity, and/or Affiliate, or any
combination thereof, as the Committee may deem appropriate, or any of the above Performance Measures as compared to the performance of a group of comparator companies, or published or special index that the Committee, in its sole discretion, deems
appropriate. The Committee also has the authority to provide for accelerated payment of any Award based on the achievement of performance goals pursuant to the Performance Measures specified in this Article 7; provided, however, that any
restrictions on acceleration of payment under Code Section 409A shall be observed. 
 7.2 Evaluation of Performance.
The Committee may provide in any such Award that any evaluation of performance may include or exclude any of the following events that occur during a Performance Period: (a) asset write-downs; (b) litigation or claim judgments or
settlements; (c) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting reported results; (d) any reorganization and restructuring programs; (e) extraordinary items (defined in the next
sentence); (f) acquisitions or divestitures; and (g) foreign exchange gains and losses. “Extraordinary items” mean (a) unusual, and/or nonrecurring items of gain or loss (including, but not limited to, adjustments upward or
downward in financial or other results that are required due to correction of errors, whether involving a financial restatement or otherwise); (b) gains or losses on the disposition of a business; (c) changes in tax or accounting
regulations or laws; or (d) the effect of a merger or acquisition, all of which must be identified in the audited financial statements, including footnotes, or Management Discussion and Analysis section of the Company’s annual report. To
the extent such inclusions or exclusions affect Performance-Based Compensation Awards to Covered Employees, they shall be prescribed in a form that meets the requirements of Code Section 162(m) for deductibility. 

7.3 Adjustment of Performance-Based Compensation. Awards that are intended to qualify as Performance-Based Compensation may not be
adjusted upward in a manner that would cause loss of exemption under Code Section 162(m). The Committee shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis or any combination, as the Committee
determines. Notwithstanding the above, if an error in the measurement of performance results is discovered after an Award payment is made, and if the error would have resulted in a higher Award payment, the Participant shall receive an additional
payment unless the Committee uses negative discretion to disallow the payment. Similarly, if the error would have resulted in a lower payment, the Committee may notify the Participant that repayment of the overpaid amount is required. 

If a Participant is promoted, demoted, or transferred to a different business unit during a performance period, the Committee may
determine that the Participant is no longer eligible to receive a payment under this Plan, and shall then determine, in its sole discretion, what compensation if any shall be provided. 

  
 8 

 7.4 Committee Discretion. In the event that applicable tax, corporate, or securities
laws change to permit the Committee discretion to alter the governing Performance Measures without obtaining shareholder approval of such changes, the Committee shall, subject to Section 5.7, have sole discretion to make such changes without
obtaining shareholder approval. In addition, in the event that the Committee determines that it is advisable to grant Awards that shall not qualify as Performance-Based Compensation, the Committee may make such grants without satisfying the
requirements of Code Section 162(m) and base payout on Performance Measures other than those set forth in Section 7.1. 
 Article
8. Beneficiary Designation 
 Each Participant under this Plan may, from time to time, name any beneficiary or beneficiaries
(who may be named contingently or successively) to whom any benefit under this Plan is to be paid in case of his death before he receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Participant
under this Plan, shall be in a form prescribed by the Committee, and will be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. In the absence of any such beneficiary designation,
benefits remaining unpaid or rights remaining unexercised at the Participant’s death shall be paid to or exercised by the Participant’s executor, administrator, or legal representative. 

Article 9. Rights of Participants 
 9.1 Employment. Nothing in this Plan or an Award Agreement shall: (a) interfere with or limit in any way the right of the Company, its Affiliates, and/or its Subsidiaries to terminate any
Participant’s employment or Service at any time or for any reason not prohibited by law, or (b) confer upon any Participant any right to continue his employment for any specified period of time. Neither an Award nor any benefits arising
under this Plan shall constitute an employment contract with the Company or any Affiliate or Related Entity and, accordingly, subject to Articles 3 and 11, this Plan and the benefits hereunder may be terminated at any time in the sole and exclusive
discretion of the Committee without giving rise to any liability on the part of the Company, its Affiliates, and/or its Subsidiaries. 
 9.2 Participation. No individual shall have the right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 

Article 10. Change in Control 
 10.1 Change in Control of the Company. Notwithstanding any other provision of this Plan to the contrary, the provisions of this Article 10 shall apply in the event of a Change in Control, unless
otherwise determined by the Committee in connection with the grant of an Award as reflected in the applicable Award Agreement. 
  

	 	(a)	Performance Goals. Upon a Change in Control, all then-outstanding Awards with performance goals yet to be achieved shall be considered to be earned at target
values, or at such value otherwise determined by the terms and conditions set forth in the applicable Award Agreement, and payable at the time set forth in the applicable Award Agreement. 

 

	 	(b)	Awards With Service Requirements. Upon a Participant’s involuntary termination for a reason other than Cause during the one (1) year period following a
Change in Control, any Service requirement applicable to then-outstanding Awards shall be considered satisfied. 

 Article 11.
Amendment and Termination 
 11.1 Amendment and Termination of the Plan and Award Agreements. 

 

	 	(a)	Subject to subparagraph (b) of this Section 11.1 and Section 11.3 of the Plan, the Board may at any time terminate the Plan or an outstanding Award
Agreement and the Committee may, at any time and from time to time, amend the Plan or an outstanding Award Agreement. 

  
 9 

	 	(b)	Notwithstanding the foregoing, no amendment of this Plan shall be made without shareholder approval if shareholder approval is required pursuant to rules promulgated by
any stock exchange or quotation system on which the Company’s shares are listed or quoted or by applicable U.S. state corporate laws or regulations, applicable U.S. federal laws or regulations, and the applicable laws of any foreign country or
jurisdiction where Awards are, or will be, granted under the Plan. 

 11.2 Adjustment of Awards Upon the
Occurrence of Certain Unusual or Nonrecurring Events. Subject to Section 7.3, the Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events
(including, without limitation, the events described in Section 7.2 hereof) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Committee
determines that such adjustments are appropriate in order to prevent unintended diminution or enlargement of the benefits or potential benefits intended to be made available under this Plan. The determination of the Committee as to the foregoing
adjustments, if any, shall be conclusive and binding on Participants under this Plan. By accepting an Award under this Plan, a Participant agrees to any adjustment to the Award made pursuant to this Section 11.2 without further consideration or
action. 
 11.3 Awards Previously Granted. Notwithstanding any other provision of this Plan to the contrary, other than
Sections 11.2 or 11.4 no termination or amendment of this Plan or an Award Agreement shall adversely affect in any material way any Award previously granted under this Plan, without the written consent of the Participant holding such Award.

 11.4 Amendment to Conform to Law. Notwithstanding any other provision of this Plan to the contrary, the Committee may
amend the Plan or an Award Agreement, to take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of conforming the Plan or an Award Agreement to any present or future law relating to plans of this or similar nature,
and to the administrative regulations and rulings promulgated thereunder. By accepting an Award under this Plan, a Participant agrees to any amendment made pursuant to this Section 11.4 to any Award granted under the Plan without further
consideration or action. 
 Article 12. Reporting and Withholding 

The Company shall have the power and the right to report income and to deduct or withhold, or require a Participant to remit to the
Company, the minimum statutory amount to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. 

Article 13. Successors 

All obligations of the Company under this Plan with respect to Awards granted hereunder shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

Article 14. General Provisions 
 14.1 Forfeiture Events. 
  

	 	(a)	 The Committee may specify in an Award Agreement that the Participant’s rights, payments, and benefits with respect to an Award shall be subject to
reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall not be limited to,
termination of employment for Cause, termination of the Participant’s provision of 

  
 10 

	 	
services to the Company, Affiliate, or Related Entity, violation of material Company, Affiliate, or Related Entity policies, breach of noncompetition, confidentiality, or other restrictive
covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company, any Affiliate, or Related Entity. 

 

	 	(b)	If any of the Company’s financial statements are required to be restated resulting from errors, omissions, or fraud, the Committee may (in its sole discretion, but
acting in good faith) direct that the Company recover all or a portion of any Award granted or paid to a Participant with respect to any fiscal year of the Company the financial results of which are negatively affected by such restatement. The
amount to be recovered from the Participant shall be the amount by which the Award exceeded the amount that would have been payable to the Participant had the financial statements been initially filed as restated, or any greater or lesser amount
(including, but not limited to, the entire Award) that the Committee shall determine. In no event shall the amount to be recovered by the Company be less than the amount required to be repaid or recovered as a matter of law (including but not
limited to amounts that are required to be recovered or forfeited under Section 304 of the Sarbanes-Oxley Act of 2002 or Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010). The Committee shall determine
whether the Company shall effect any such recovery: (i) by seeking repayment from the Participant; (ii) by reducing (subject to applicable law and the terms and conditions of the applicable plan, program or arrangement) the amount that
would otherwise be payable to the Participant under any compensatory plan, program, or arrangement maintained by the Company, an Affiliate, or any Related Entity; (iii) by withholding payment of future increases in compensation (including the
payment of any discretionary bonus amount) or grants of compensatory awards that would otherwise have been made in accordance with the Company’s otherwise applicable compensation practices; or (iv) by any combination of the foregoing.

 14.2 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein
also shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 
 14.3
Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the
illegal or invalid provision had not been included. 
 14.4 Requirements of Law. The granting of and settlement of Awards
under this Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 

14.5 Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments that the Company, its
Subsidiaries, or its Affiliates may make to aid it in meeting its obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary
relationship between the Company and any Participant, beneficiary, legal representative, or any other individual. To the extent that any individual acquires a right to receive payments from the Company or any Affiliate or Related Entity under this
Plan, such right shall be no greater than the right of an unsecured general creditor of the Company or the Related Entity or Affiliate, as the case may be. All payments to be made hereunder shall be paid from the general funds of the Company, or the
Related Entity or Affiliate, as the case may be and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in this Plan. 

14.6 Retirement and Welfare Plans. Neither Awards made under this Plan nor cash paid pursuant to such Awards may be included as
“compensation” for purposes of computing the benefits payable to any Participant under the Company’s or any Related Entity’s or Affiliate’s retirement plans (both qualified and nonqualified) or

  
 11 

 
welfare benefit plans unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant’s benefit. 

14.7 Deferred Compensation. 
  

	 	(a)	The Committee may grant Awards under the Plan that provide for the deferral of compensation within the meaning of Code Section 409A. It is intended that such
Awards comply with the requirements of Code Section 409A so that amounts deferred thereunder are not includible in income before actual payment and are not subject to an additional tax of twenty percent (20%) at the time the deferred
amounts are no longer subject to a substantial risk of forfeiture. 

  

	 	(b)	Notwithstanding any provision of the Plan or Award Agreement to the contrary, if one or more of the payments or benefits to be received by a Participant pursuant to an
Award would constitute deferred compensation subject to Code Section 409A and would cause the Participant to incur any penalty tax or interest under Code Section 409A or any regulations or Treasury guidance promulgated thereunder, the
Committee may reform the Plan and Award Agreement to comply with the requirements of Code Section 409A and to the extent practicable maintain the original intent of the Plan and Award Agreement. By accepting an Award under this Plan, a
Participant agrees to any amendments to the Award made pursuant to this Section 14.7(b) without further consideration or action. 

 14.8 Nonexclusivity of This Plan. The adoption of this Plan shall not be construed as creating any limitations on the power of the Board or Committee to adopt such other compensation arrangements
as it may deem desirable for any Participant. 
 14.9 No Constraint on Corporate Action. Nothing in this Plan shall be
construed to: (a) limit, impair, or otherwise affect the Company’s or a Related Entity’s or an Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure,
or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or a Related Entity or an Affiliate to take any action which such entity deems to be
necessary or appropriate. 
 14.10 Payments to a Trust. The Committee is authorized to cause to be established a trust
agreement or several trust agreements or similar arrangements from which the Committee may make payments of amounts due or to become due to any Participants under the Plan. 
 14.11 Governing Law. The Plan and each Award Agreement shall be governed by the laws of the state of Ohio, excluding any conflicts or choice of law rule or principle that might otherwise refer
construction or interpretation of this Plan to the substantive law of another jurisdiction. Unless otherwise provided in the Award Agreement, recipients of an Award under this Plan are deemed to submit to the exclusive jurisdiction and venue of the
federal or state courts of Ohio to resolve any and all issues that may arise out of or relate to this Plan or any related Award Agreement. 
 14.12 Delivery and Execution of Electronic Documents. To the extent permitted by applicable law, the Company may: (a) deliver by email or other electronic means (including posting on a website
maintained by the Company or by a third party under contract with the Company) all documents relating to the Plan or any Award thereunder and all other documents that the Company is required to deliver to its security holders (including without
limitation, annual reports and proxy statements), and (b) permit Participants to electronically execute applicable Plan documents (including, but not limited to, Award Agreements) in a manner prescribed to the Committee. 

  
 12 

 14.13 No Representations or Warranties Regarding Tax Effect. Notwithstanding any
provision of the Plan to the contrary, the Company, its Affiliates and Subsidiaries, the Board, and the Committee neither represent nor warrant the tax treatment under any federal, state, local, or foreign laws and regulations thereunder
(individually and collectively referred to as the “Tax Laws”) of any Award granted or any amounts paid to any Participant under the Plan including, but not limited to, when and to what extent such Awards or amounts may be subject to tax,
penalties, and interest under the Tax Laws. 
 14.14 Indemnification. Subject to requirements of Ohio law, each
individual who is or shall have been a member of the Board, or a Committee appointed by the Board, or an officer of the Company to whom authority was delegated in accordance with Article 3, shall be indemnified and held harmless by the Company
against and from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she
may be involved by reason of any action taken or failure to act under this Plan and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any
judgment in any such action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his/her own
behalf, unless such loss, cost, liability, or expense is a result of his/her own willful misconduct or except as expressly provided by statute. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to
which such individuals may be entitled under the Company’s Articles of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

  
 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}]]