Document:

exv4w1w3

 

Exhibit 4.1.3

CNH Global N.V.

Outside Directors’ Compensation Plan

(As amended, restated and effective as of April 28, 2006)

This Outside Directors’ Compensation Plan (the “Plan”) has been established by action of the
CNH Global N.V. (the “Company”) Board of Directors (the “Board”) at their meeting of April
28, 2006, where the Board has resolved, upon recommendation of the Corporate Governance and
Compensation Committee of the Board (the “Committee”), the new compensation of the
independent outside members of the Board (“Outside Directors”) such action and resolution to
be ratified at the next Annual General Meeting of Shareholders (“AGM”) with effect as of the
date of said Board meeting.

	1.	 	Purpose.

The purpose of the Plan is to provide for the terms and conditions pursuant to which the
Outside Directors (i) are paid their compensation in arrears; namely, the annual retainer
fee, the committee membership fee and the committee chair fee (collectively, the “Fees”) in
the amounts reflected on Appendix A, attached hereto; and (ii) elect each quarter to receive
all or a portion of the Fees in the form of cash, and/or common shares of the Company
(“Common Shares”), and/or options to purchase Common Shares (“Stock Options”).

	2.	 	General Rules and Definitions.
	 
	(a)	 	Plan Year: means the period beginning on the date of the AGM and ending on the
day immediately prior to the AGM of the following year.
	 
	(b)	 	Plan Year Quarters: for any Plan Year, the first Plan Year Quarter shall begin
on the first day of the Plan Year, and shall end on the 90th day of the Plan Year; the
second Plan Year Quarter shall begin on the 91st day of the Plan Year, and shall end on
the 180th day of the Plan Year; the third Plan Year Quarter shall begin on the 181st
day of the Plan Year, and shall end on the 270th day of the Plan Year; and the fourth
Plan Year Quarter shall begin on the 271st day of the Plan Year, and shall end on the
last day of the Plan Year.
	 
	(c)	 	Value Date is the last trading day of each Plan Year Quarter, in which sales of
Common Shares on the New York Stock Exchange are included on the Composite Tape for
such day.

 

 

	(d)	 	Fair Market Value, as applied to each Common Share, is equal to the average of
the highest and lowest sale price of a Common Share on the Composite Tape for the Value
Date.
	 
	(e)	 	Proration For Partial Services: if the Outside Director is not a member of the
Board or of a committee or a committee chair during an entire Plan Year, the Fees shall
be reduced pro rata of his actual service.
	 
	(f)	 	Fractional Shares: for any fractional Common Share to which an Outside Director
shall be entitled for any Plan Year Quarter, he shall receive a whole Common Share only
if the fraction is .50 or greater.
	 
	3.	 	Quarterly Election.

Each Outside Director shall receive, thirty days prior to the end of each Plan Year Quarter,
an election form, as set forth in Appendix B, attached hereto (“Election Form”), whereby the
Outside Director will elect the form of payment of one-fourth (1/4) of his Fees (“Quarterly
Payment”) at his discretion, in any of the following options, totaling 100% of each
Quarterly Payment:

	(a)	 	in cash;
	 
	(b)	 	in a number of Common Shares equal to the elected percent of the Quarterly
Payment divided by the Fair Market Value;
	 
	(c)	 	in a number of Stock Options equal to the quotient of (A) divided by (B)
(“Stock Option Grant”) where:

	 	(A)	 	is the product of the elected percent of the Quarterly Payment,
multiplied by four; and
	 
	 	(B)	 	is the Fair Market Value.

Each Outside Director shall timely return the Election Form to the Secretary of the Company
(the “Secretary”), so that the Quarterly Payment can be made to each Outside Director
effective as of the last trading day of each Plan Year Quarter (“Effective Date”).

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	4.	 	Terms and Conditions of Stock Option Grants.
	 
	(a)	 	Stock Option Agreement: each Stock Option Grant shall be evidenced by a written
Stock Option Agreement which shall be executed by the Outside Director and the Company,
shall become effective on the Effective Date (“Grant Date”) and shall contain such
terms and conditions as are consistent with this Plan.
	 
	(b)	 	Exercise or Option Price: shall be equal to the Fair Market Value of a Common
Share on the Value Date.
	 
	(c)	 	Sale Restriction: each Stock Option Grant shall become exercisable immediately
upon the Grant Date but Common Shares purchased upon exercise of a Stock Option Grant
may not be sold until at least six months after the Grant Date.
	 
	(d)	 	Term: each Stock Option Grant shall terminate upon the earlier of (i) ten years
after the Grant Date; or (ii) six months after the date an individual ceases to be an
Outside Director.
	 
	(e)	 	Death of Outside Director: in accordance with paragraph 4(d) above, the
Outside Director’s designated beneficiary or estate, if no beneficiary has been
designated, may exercise any Stock Options within the six-month period following the
death of the Outside Director.
	 
	(f)	 	Total Disability of Outside Director: in accordance with paragraph 4(d) above,
all Stock Options shall remain exercisable within the six-month period following the
Outside Director’s termination for Total Disability. For purposes of this provision,
“Total Disability” means the permanent inability (as determined by the Outside
Director’s medical doctor) of the Outside Director which is a result of accident or
sickness, to perform the duties of a director of the Company.
	 
	(g)	 	Change of Control: in accordance with paragraph 4(d) above, all Stock Options
that have been awarded to an Outside Director shall remain exercisable for a six-month
period, if a change of control (as determined by the Board) of the Company or of the
majority shareholder of the Company occurs.
	 
	5.	 	Manner of Payment of Option Price.

The Option Price shall be paid in full at the time of the exercise of any Stock Option and
may be paid in any of the following methods or combinations thereof:

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	(a)	 	in United States dollars, in cash, wire transfer, certified or bank check or
personal check, payable to the order of the Company through its Broker (see Appendix C
for contact details);

(b) by delivering Common Shares to the Broker, such Shares:

	 	(i)	 	having been acquired under the Plan and having been held for at
least six months prior to the date of payment; and
	 
	 	(ii)	 	having an aggregate fair market value, determined as per
paragraph 2(d) above, on the date of payment equal to the Option Price; or

	(c)	 	in any other manner that the Board shall approve, including without limitation
any arrangement that the Board may establish to enable Outside Directors to
simultaneously exercise Stock Options and sell the Common Shares acquired thereby and
apply the proceeds to the payment of the Option Price therefor.
	 
	6.	 	Plan Administration.

The Plan shall be administered by the Committee.

	7.	 	Shares Subject to Plan.

Subject to Section 8 hereof, a number of authorized but unissued Common Shares shall be
reserved from time to time by resolution of the Board, which number shall be sufficient to
always cover the needs of the Plan. Also treasury shares may be used for the purposes of the
Plan. If any Common Shares are subject to an award under the Plan that expires, is
cancelled or is forfeited, such Common Shares shall again become available for issuance
under the Plan.

	8.	 	Adjustments and Reorganizations.

In the event of any merger, reorganization, consolidation, recapitalization, separation,
liquidation, stock dividend, extraordinary dividend, spin-off, split-up, share combination,
or other change in the corporate structure of the Company affecting the Common Shares, the
number and kind of Common Shares that may be delivered under the Plan shall be subject to
such equitable adjustment as the Committee, in its sole discretion, may deem appropriate in
order to preserve the benefits or potential benefits to be made available under the Plan,
and the number and kind and price of Common Shares subject to outstanding Stock Options and
the Option Price and any other terms of

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 outstanding Stock Options or Stock Option Grants shall be subject to such equitable
adjustment as the Committee, in its sole discretion, may deem appropriate in order to
prevent dilution or enlargement of outstanding Stock Options or Stock Option Grants.

	9.	 	Transferability of Awards.

No awards under the Plan shall be assignable, alienable, saleable or otherwise transferable
other than by will or the laws of descent.

	10.	 	No Right of Continued Service.

Participation in the Plan does not give any Outside Director the right to be retained as a
director of the Company or any right or claim to any benefit under the Plan unless such
right or claim has specifically accrued under the terms of the Plan.

	11.	 	Governing Law.

The validity, construction and effect of the Plan, and any actions taken or relating to the
Plan, shall be determined in accordance with the laws of the State of Delaware, U.S.A.

	12.	 	Successors and Assigns.

The Plan shall be binding on all successors and assigns of an Outside Director, including,
without limitation, the estate of such director and the executor, administrator or trustee
of such estate, or any receiver or trustee in bankruptcy or representative of the Outside
Director’s creditors.

	13.	 	Rights as a Shareholder.

An Outside
Director shall have no rights as a shareholder of the Company with respect to
shares awarded under the Plan or subject to options awarded under the Plan until he becomes
the holder of record of Common Shares.

	14.	 	Amendment.

The Plan and Appendices attached hereto may be amended by action and resolution of the
Board, to be ratified by the Shareholders of the Company.

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	15.	 	General Restrictions.

Notwithstanding any other provision of the Plan, the Company shall have no liability to
deliver any Common Shares under the Plan unless such delivery or distribution would comply
with all applicable laws (including, without limitation, the requirements of the United
States Securities Act of 1933), and unless such Common Shares are authorized for listing on
any securities exchange on which the Common Shares of the Company are listed. To the extent
that the Plan provides for the issuance of Common Shares, the issuance may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the applicable
rules of any stock exchange on which the Common Shares of the Company are listed.

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	CNH Global N.V.
	 	APPENDIX A

OUTSIDE DIRECTORS’ COMPENSATION PLAN

OUTSIDE DIRECTORS’ COMPENSATION

Each Outside Director will receive the following Fees in each Plan Year:

	 	 	 	 	 	 	 
	•	 	Retainer Fee:
	 	$	65,000	 
	 	 	 
	 	 	 	 
	•	 	Committee Membership Fee:
	 	$	25,000	 
	 	 	(if also a member of any Board Committee)
	 	 	 	 
	 	 	 
	 	 	 	 
	•	 	Committee Chair Fee:
	 	$	10,000	 
	 	 	(if also a Chair of any Board Committee)
	 	 	 	 

The Fees will be payable in arrears each Plan Year Quarter in cash, in Common Shares or in Stock
Options, as per the quarterly election (Appendix B) made by each Outside Director.

At the beginning of the Eighth Plan Year on 7 April 2006, each Outside Director received a one-time
grant of 4,000 Automatic Stock Options; i.e., automatic stock options are exercisable on the third
anniversary of the Grant Date.

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	CNH Global N.V.
	 	APPENDIX B

OUTSIDE DIRECTORS’ COMPENSATION PLAN

ELECTION FORM

For the Plan Year:                     

I hereby elect, subject to the terms and conditions of the CNH Global N.V. Outside Directors’
Compensation Plan (“the Plan”) and applicable tax withholding requirements, to receive my Fees as
follows:

                               %     in cash

                               %     in shares of common stock

                               %     in stock options

I understand that my election is irrevocable for the current Plan Year Quarter commenced on
___. For subsequent Plan Year Quarters, a new election shall be made, failing
which, the last made election shall continue to be valid until a new election is made.

	 	 	 	 	 	 	 
	Dated as of

	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	Signature

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	CNH Global N.V.
	 	APPENDIX C

OUTSIDE DIRECTORS’ COMPENSATION PLAN

BROKER

The Common Shares of the Company will be issued, and the Fees’ payments will be made, through the
Company’s Broker, whose contact details are as follows:

Smith Barney (a division of Citigroup Global Markets, Inc.)

Marilyn Bezinovich

800.609.3434 (phone)

312.739.2834 (fax)

marilyn.bezinovich@smithbarney.com

9exv4w2w4

 

Exhibit 4.2.4

CNH Global N.V.

Equity Incentive Plan

Preamble

This amended and restated Equity Incentive Plan (“EIP”), effective as of July 21, 2006, will be
submitted to ratification by the shareholders of CNH Global N.V. (the “Company”) at their first
Annual General Meeting in 2007.

Under the EIP umbrella, the Corporate Governance and Compensation Committee (the “Committee”) of
the Board of Directors of the Company has the authority to approve other specific stock-related
plans (“Plans”), which abide by the same EIP principles and rules, and are tailored to reach
specific Company objectives.

During its meeting of July 21, 2006, the Committee approved two new Plans; namely, the “Top
Performance Plan” and the “Leadership Incentive Plan”, attached hereto.

Any further amendment to, and restatement of this EIP, as well as any of the Plans, will become
effective subject only to the approval of the Committee.

1. Purpose of the EIP and the Plans

The purpose of the EIP and the Plans is to set forth principles and rules, which govern the grant
of stock-related awards to top performers and key leaders of the Company, in order to foster a
strong performance culture, to reward the best performers and to align management and shareholders’
interests in achieving the Company financial objectives.

The Company believes that the EIP and the Plans will also assist in attracting and retaining people
of outstanding training, experience and ability and will also ultimately promote the long-term
success of the Company.

2. Definitions

“Award” means a grant of Company Shares, Performance Share Units, or Options (in the form
of Non-Qualified Stock Options) made to a Participant under Section 8.

“Award Agreement” means the agreement provided in connection with an Award under Section
12.

“Award Date” or “Grant Date” means the date that an Award is granted, as specified
in an Award Agreement.

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“Code” means the United States Internal Revenue Code of 1986, as amended, or any successor
legislation.

“Company Shares” means the Company’s common shares.

“Fair Market Value” on any date means the average of the highest and the lowest sale price
of a Company Share on the Composite Tape for such date, as reported by the National Quotation
Bureau Incorporated; or, if no sales of Company Shares are included on the Composite Tape for such
date, the Fair Market Value as reported on said Composite Tape for the next preceding day on which
sales of Company Shares are included.

“Non-Qualified Stock Option” means any Option that does not qualify within the meaning of
Section 422 of the Code.

“Option” or “Stock Option” means any right to purchase Company Shares awarded
pursuant to Section 8(A).

“Option Price” means the price of an Option as determined pursuant to Section 8(A)(ii).

“Parent” means Fiat S.p.A., the Company’s indirect majority shareholder.

“Parent Group” means the Parent and any entity that directly or indirectly controls, or is
controlled by, or is under common control with, the Company.

“Participant” means an employee of, or any other individual providing services to, the
Company or any of its subsidiaries, who has been selected by the Committee to receive an Award
under the EIP or any of the Plans.

“Settlement Date” means the date or dates upon which Company Shares are to be delivered to
the Participant and the Option Price to be paid.

“Vesting Date” means, as to the Options, the date at which the Option is exercised and the
underlying Company Shares are purchased by the Participant at the Option Price; as to the Company
Shares or the Performance Share Units, the date at which the Company Shares are actually
transferred into the ownership of the Participant, subject to compliance with the Award conditions
or attainment of the Company objectives established in the Award Agreement.

3. Term

The EIP and the Plans shall remain in effect until terminated in accordance with Section 13. After
termination of the EIP, no further Awards may be granted, but outstanding Awards shall remain
effective in accordance with their terms and the terms of the EIP and the Plans.

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4. Plan Administration

	 	A.	 	The Committee shall be responsible for administering the Plan.

	 	(i)	 	Powers
	 
	 	The Committee shall have full and exclusive discretionary power to interpret the EIP and
the Plans and to determine eligibility for benefits and to adopt such rules, regulations
and guidelines for administering the EIP and the Plans as the Committee may deem
necessary or proper. Such power shall include, but not be limited to, selecting Award
recipients, establishing all Award terms and conditions, including new terms and
conditions for any equitable adjustment relating to any corporate reorganization
pursuant to Section 7, converting Company Shares, Performance Share Units or Options to
Parent securities (shares or options), and adopting modifications and amendments to the
EIP, any of the Plans or any Award Agreement, including without limitation, any that are
necessary to comply with the laws of the countries in which the Company or any of its
subsidiaries operate; provided however that, subject to Section 7 and except as
otherwise specifically provided in the Award Agreement, no such modification or
amendment shall impair the rights of any Participant, without his consent, in any Award
previously granted under the EIP or any of the Plans.
	 
	 	(ii)	 	Delegation
	 
	 	The Committee may allocate all or any portion of its powers to any one or more of its
members and may delegate all or any part of its powers to any person or persons selected
by it. To the extent that the Committee has allocated or delegated any portion of its
powers, references herein to the Committee shall include, with respect to such powers,
the person or persons to whom they have been allocated or delegated.

	 	B.	 	The Committee may employ attorneys, consultants, accountants and other persons, and
the Committee, the Company and its officers and directors shall be entitled to rely upon
the advice, opinions or valuations of any such persons. All actions taken and all
interpretations and determinations made by the Committee in good faith shall be final and
binding upon the Participants, the Company and all other interested persons. No member
of the Committee shall be personally liable for any action, determination, or
interpretation made in good faith with respect to the EIP, any of the Plans or Awards or
Award Agreements, and all members of the Committee shall be fully protected by the
Company, to the fullest extent permitted by

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	 	 	 	applicable law, in respect of any such action, determination or interpretation.

5. Eligibility

Awards will be limited to persons who are Participants. In determining the persons to whom Awards
shall be made, the Committee shall, in its discretion, take into account the nature of the person’s
duties, past and potential contributions to the success of the Company and such other factors as
the Committee shall deem relevant in connection with accomplishing the purposes of the EIP or any
of the Plans. A director of the Company, who is not also a Participant, shall not be eligible to
receive an Award. A person who has received an Award or Awards may receive an additional Award or
Awards.

6. Company Shares Subject to the EIP or any of the Plans

	 	A.	 	Subject to adjustment pursuant to Section 7, the maximum number of Company Shares
that shall be available and reserved for issuance under the EIP or any of the Plans shall
be ratified or approved each year by the Company shareholders at the Annual General
Meeting (the “AGM”) or any Extraordinary General Meeting (the “EGM”) of the Company, to
which the item will be submitted for ratification or approval, followed by the filing of
the appropriate form with the SEC and listing agreement with the NYSE.
	 
	 	B.	 	Company Shares that may be issued under the EIP or any of the Plans may be either
authorized and unissued shares, or issued shares that have been reacquired by the Company
and are being held as treasury shares.

7. Corporate Reorganization and Equitable Adjustments

In the event of any merger, reorganization, consolidation, recapitalization, separation,
liquidation, stock dividend, extraordinary dividend, spin-off, split-up, rights offering, share
combination, minority shareholders buy-out or going private transaction, change in control of the
Company or any other change in the corporate structure of the Company affecting the Company Shares,
their number, kind or price, and therefore any Award granted or to be granted under the EIP or any
of the Plans, the Committee shall take any such equitable adjustment that it may deem appropriate,
in its sole discretion, including, but not limited to, substitution with shares or options of the
Parent and concerning any item of the Award or provision of the Award Agreement, in order to
preserve the benefits already made available, or potential benefits to be made available, under the
EIP or any of the Plans.

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8. Awards

The Committee shall determine the type and amount of any Award (in Stock Options, Company Shares or
Performance Share Units) to be granted to any Participant under the EIP or any of the Plans, and
also in combination with, in replacement of, or as the payment form for, grants or rights under any
other existing employee benefit or compensation plan of the Company.

	 	A.	 	Stock Options

	 	(i)	 	Grants
	 
	 	The Committee may grant any Participant one or more Options in the form of Non-Qualified
Stock Options. Stock Options granted pursuant to the EIP or any of the Plans shall be
subject to such additional terms, conditions, or restrictions as may be provided in the
Award Agreement relating to any such grant.
	 
	 	(ii)	 	Option Price
	 
	 	The Option Price of a Stock Option shall be determined in the manner set forth by the
Committee but shall normally be the Fair Market Value of a Common Share on the Award
Date; provided that, to the extent set forth in a written offer of employment, the
Option Price of a Stock Option may (as determined by the Committee in its sole
discretion) be the Fair Market Value of a Common Share on such other date specified in
the offer letter but not earlier than the date of offer.
	 
	 	(iii)	 	Manner of Payment of Option Price
	 
	 	The Option Price shall be paid in full at the Vesting Date or the time of the exercise
of the Stock Option (except that, in the case of an exercise arrangement approved by the
Committee in accordance with clause (c) below, payment may be made as soon as
practicable after the exercise) and may be paid in any of the following methods or
combinations thereof:

	 	(a)	 	in United States dollars in cash, check, bank draft or money order
payable to the order of the Company;
	 
	 	(b)	 	by the tendering, either by actual delivery or by attestation, of
Common Shares acceptable to the Committee (but excluding any shares acquired from
the Company unless such shares were acquired and vested more than six months prior
to the date tendered under this clause (b)) having an aggregate Fair Market Value
on the date of such exercise equal to the Option Price; or

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	 	(c)	 	in any other manner that the Committee shall approve, including without
limitation, any arrangement that the Committee may establish to enable Participants
to simultaneously exercise Stock Options and sell the shares of Common Shares
acquired thereby and apply the proceeds to the payment of the Option Price
therefor.

	 	B.	 	Company Shares
	 
	 	 	 	The Committee may award Company Shares to any Participant. Awards of Company Shares may
be unrestricted or may be subject to such restrictions and conditions as are established
by the Committee and set forth in the Award Agreement, which may include, but are not
limited to, continued service with the Company, achievement of specific business
objectives, and other measurements of individual or business unit or Company
performance.
	 
	 	C.	 	Performance Share Units
	 
	 	 	 	Performance Share Units shall be based on attainment, over a specified period, of
individual performance levels, as assessed by the Committee or the Company, or of other
targets that may include, but shall not be limited to, trading profit (or operating
income after restructuring), trading cash flow, earnings per share, total shareholder
return, return on shareholders’ equity, and cumulative return on net assets employed.
Performance Share Units may be settled in Company Shares or cash or both.

9. Settlements

Settlement of Awards may be in the form of cash, Company Shares, other Awards, or in combinations
thereof as the Committee shall determine, and with such other conditions or restrictions as it may
impose.

10. Transferability

Except as otherwise provided by an Award Agreement, no Awards under the EIP or any of the Plans
shall be assignable, alienable, saleable or otherwise transferable other than by Will or the laws
of descent and distribution.

11. Transfer of Participant Within the Parent Group

In the event the Participant is transferred and becomes an employee of any other entity which is a
member of the Parent Group, the Awards may be converted or adjusted in any manner that the
Committee, in its sole discretion, may deem appropriate, including, without limitation, a
conversion into shares or options of the Parent.

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12. Award Agreements

Awards under the EIP or any of the Plans shall be evidenced by Award Agreements that set forth the
details, conditions and limitations for each Award, which may include the term of an Award, the
provisions applicable in the event the Participant’s employment terminates or the Participant is
transferred to any other entity which is a member of the Parent Group, the provisions applicable in
the event there is a change in the Company’s corporate structure or any other corporate
reorganization pursuant to Section 7, and the Company’s or Committee’s authority to unilaterally or
bilaterally amend, modify, suspend, cancel or rescind any Award, subject to the terms of the EIP or
any of the Plans.

13. Termination

The Committee may terminate the EIP or any of the Plans at any time provided, however, that no
termination shall impair the rights of any Participant, without his or her consent, in any Award
previously granted under the EIP or any of the Plans.

14. Tax Withholding

The Company shall have the right to: (i) make deductions from any settlement of an Award made under
the EIP or any of the Plans, including the delivery or vesting of shares, or require shares or cash
or both be withheld from any Award, in each case in an amount sufficient to satisfy withholding of
any applicable federal, state or local taxes required by law; or (ii) take such other action as may
be necessary or appropriate to satisfy any such withholding obligations. The Committee may
determine the manner in which such tax withholding may be satisfied, and may permit Company Shares
(rounded up to the next whole number) to be used to satisfy required tax withholding based on the
Fair Market Value of any such Company Shares, as of the Settlement Date of the applicable Award.

15. Other Company Benefit and Compensation Programs

Unless otherwise specifically determined by the Committee, settlements of Awards received by a
Participant under the EIP or any of the Plans shall not be deemed a part of the Participant’s
regular, recurring compensation for purposes of calculating payments or benefits from any Company
benefit plan, severance program or severance pay law of any country. Further, the Company may
adopt other compensation programs, plans or arrangements as it deems appropriate or necessary.

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16. Unfunded Plan

Unless otherwise determined by the Committee, the EIP or any of the Plans shall be unfunded and
shall not create (or be construed to create) a trust or a separate fund or funds. Neither the EIP
nor any of the Plans shall establish a fiduciary relationship between the Company and any
Participant or other person. To the extent any person holds any rights by virtue of a grant
awarded under the EIP or any of the Plans, such right (unless otherwise determined by the
Committee) shall be not greater than the right of an unsecured general creditor of the Company.

17. Future Rights

No person shall have any claim or right to be granted an Award under the EIP or any of the Plans,
and no Participant shall have any right under the EIP or any of the Plans to be retained in the
employment of the Company or any of its subsidiaries.

18. Governing Law

The validity, construction and effect of the EIP or any of the Plans, and any actions taken or
relating to the EIP or any of the Plans, shall be determined in accordance with the laws of the
State of Delaware, U.S.A.

19. Successors and Assigns

The EIP or any of the Plans shall be binding on all successors and assigns of a Participant,
including, without limitation, the estate of such Participant and the executor, administrator or
trustee of such estate, or any receiver or trustee in bankruptcy or representative of the
Participant’s creditors.

20. General Restrictions

	 	A.	 	Notwithstanding any provision to the contrary, the Company shall have no liability
to deliver any Award or make any other distribution of benefits under the EIP or any of
the Plans unless such delivery or distribution would comply with all applicable laws
(including, without limitation, the requirements of the United States Securities Act of
1933), and the Company Shares involved in such Award are authorized for listing on the
NYSE.
	 
	 	B.	 	To the extent that the EIP or any of the Plans provides for the issuance of Company
Shares, the issuance will be effected on a non-certificated basis.

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	 	C.	 	Except as otherwise provided in any Award Agreement, a Participant shall have no
rights as a shareholder of the Company until he or she becomes the holder of record of
Company Shares.
	 
	 	D.	 	BY ACCEPTING ANY AWARD AGREEMENT UNDER THE EIP OR ANY OF THE PLANS, THE PARTICIPANT
EXPRESSLY AND IRREVOCABLY AGREES TO SUBMIT TO THE EXCLUSIVE JURISDICTION OF ANY FEDERAL
OR STATE COURT LOCATED IN WILMINGTON, DELAWARE, U.S.A. IN RESPECT OF ANY MATTER THAT IS
NOT OTHERWISE ARBITRATED OR RESOLVED ACCORDING TO SECTION 21. This includes any action or
proceeding to compel arbitration or to enforce an arbitration award.

21. Arbitration

Any and every dispute or difference arising under, or in relation to the EIP or any of the Plans,
including any dispute or difference as to the validity, meaning or effect hereof, shall be finally
settled by Arbitration in Wilmington, Delaware, under the Rules of the United States Federal
Arbitration Act. The arbitration award shall be final and binding and shall deal with the question
of the costs of arbitration and all matters relating thereto. The arbitrator is not empowered to
award damages in excess of reasonable actual damages.

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