Document:

exv10w92

Exhibit 10.92

QUALCOMM INCORPORATED

EXECUTIVE RETIREMENT

MATCHING CONTRIBUTION PLAN

Amended and Restated Generally Effective: January 1, 2011

Amendment No. 1, dated October 29, 2010 (Fractional Dividends)

Amendment No. 2, dated December 17, 2010 (Dividends Invested in Money Market)

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	 	Page	 

	ARTICLE I INTRODUCTION
	 	 	1	 
	ARTICLE II DEFINITIONS
	 	 	1	 
	ARTICLE III ELIGIBILITY AND PARTICIPATION
	 	 	7	 
	ARTICLE IV DEFERRALS AND CONTRIBUTIONS
	 	 	7	 
	ARTICLE V ACCOUNTS
	 	 	10	 
	ARTICLE VI PLAN INVESTMENTS AND EARNINGS ON PARTICIPANTS’ ACCOUNTS
	 	 	10	 
	ARTICLE VII BENEFICIARIES
	 	 	11	 
	ARTICLE VIII VESTING
	 	 	12	 
	ARTICLE IX BENEFIT DISTRIBUTIONS
	 	 	12	 
	ARTICLE X ADMINISTRATION
	 	 	16	 
	ARTICLE XI AMENDMENT AND TERMINATION
	 	 	19	 
	ARTICLE XII PLAN TRANSFERS
	 	 	19	 
	ARTICLE XIII MISCELLANEOUS
	 	 	20	 

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ARTICLE I

INTRODUCTION

     1.1 History. Qualcomm Incorporated (the “Company”) previously established the
Qualcomm Incorporated Voluntary Executive Retirement Contribution Plan (the “ERC”) and the Qualcomm
Incorporated Executive Retirement Matching Contribution Plan (the “Plan”), both non-qualified
deferred compensation plans for a select group of management or highly compensated employees of the
Employer, and both originally effective as of December 1, 1995.

     1.2 Consolidation, Amendment and Restatement. The Company consolidated the ERC and
the Plan as set forth in this document and amended and restated the Plan effective as of October 1,
2008. The Company has amended and restated the Plan in its entirety effective as of December 30,
2008, April 1, 2009, and, most recently, January 1, 2011 (except as otherwise provided herein).

ARTICLE II

DEFINITIONS

     2.1 “Account(s)” means the book entry account(s) established under the Plan for each
Participant to which are credited the Participant’s Basic Deferrals, Bonus Deferrals,
Performance-Based Compensation Deferrals, Matching Contributions, Discretionary Company
Contributions and any Investment Returns with respect thereto. Account balances shall be reduced
by any distributions made to the Participant or the Participant’s Beneficiary(ies) from the Plan
and any charges that may be imposed on such Account(s) pursuant to the terms of the Plan. Separate
Subaccounts may be established under the Plan as set forth herein. As the context may require,
“Account” shall also refer to such Subaccounts.

     2.2 “Affiliate” means any entity which controls, is controlled by or is under common control
with the Company.

     2.3 “Base Salary” means the annual base salary to be paid by the Employer, without regard to
Basic Deferrals hereunder. Base Salary shall not include, unless specifically authorized by the
Committee, bonuses, overtime, distributions from this Plan, commissions, the value of any proceeds
from the exercise of any qualified or non-qualified stock option, the proceeds from any stock
purchase right under the Company’s employee stock purchase plans, incentive payments, non-monetary
awards, auto allowances or any other form of compensation, whether taxable or non-taxable.

     2.4 “Basic Deferral(s)” means the percentage of a Participant’s Base Salary and/or Director
Fees which the Participant elects to defer pursuant to Section 4.1 of the Plan.

     2.5 “Benchmark Fund(s)” means one or more of the mutual funds or contracts selected by the
Committee pursuant to Article 6 of the Plan.

     2.6 “Beneficiary(ies)” means the beneficiary(ies) designated by the Participant who are
entitled to receive any distributions from the Plan payable upon the death of the Participant.

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     2.7 “Benefit(s)” means the total of the vested amount(s) credited to a Participant’s Account.

     2.8 “Board of Directors” or “Board” means the Company’s Board of Directors.

     2.9 “Bonus” means the annual cash incentive bonus normally paid to an Eligible Employee after
the end of the fiscal year or such other amounts payable under the bonus policies maintained by the
Employer determined without regard to any Bonus Deferral.

     2.10 “Bonus Deferral” means the percentage of a Participant’s Bonus which the Participant
defers pursuant to Section 4.2 of the Plan.

     2.11 “Cause” means any of the following: (i) theft, dishonesty, or falsification of any
Company documents or records; (ii) improper use or disclosure of the Company’s confidential or
proprietary information; (iii) any action which has a detrimental effect on the Company’s
reputation or business; (iv) failure or inability to perform any reasonable assigned duties after
written notice from the Company of, and a reasonable opportunity to cure, such failure or
inability; (v) any material breach of any employment or service agreement between the Participant
and the Company, which breach is not cured pursuant to the terms of such agreement; (vi) conviction
(including any plea of guilty or nolo contendere) of any criminal act which impairs the
Participant’s ability to perform his or her duties; or (vii) violation of a material Company
policy.

     2.12 “Change in Control” means an Ownership Change Event or a series of related Ownership
Change Events, as defined below (collectively, a “Transaction”), wherein the stockholders of the
Company immediately before the Transaction do not retain immediately after the Transaction, in
substantially the same proportions as their ownership of shares of the Company’s voting stock
immediately before the Transaction, direct or indirect beneficial ownership of more than fifty
percent (50%) of the total combined voting power of the outstanding voting securities of the
Company or, in the case of a Transaction described in clause (iii) below, the corporation or other
business entity to which the assets of the company were transferred (the “Transferee”), as the case
may be. The Board shall determine in its discretion whether multiples sales or exchanges of the
voting securities of the Company or multiple Ownership Change Events are related. Notwithstanding
the preceding sentence, a Change in Control shall not include a Spinoff Transaction, as defined in
Section 2.1 of the LTIP. For purposes of the foregoing, an “Ownership Change Event” shall be
deemed to have occurred if any of the following occurs with respect to the company: (i) the direct
or indirect sale or exchange in a single or series of related transactions by the stockholders of
the Company of more than fifty percent (50%) of the voting stock of the Company; (ii) a merger or
consolidation in which the Company is a party; (iii) the sale, exchange or transfer of all or
substantially all, as determined by the Board in its discretion, of the assets of the Company; or
(iv) a liquidation or dissolution of the Company.

     2.13 “Code” means the Internal Revenue Code of 1986, as amended.

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     2.14 “Committee” means the Committee composed of such individuals who may be appointed by the
Compensation Committee, and which shall function as the administrator of the Plan.

     2.15 “Common Stock” means the common stock of the Company, par value $0.0001 per share.

     2.16 “Company” means Qualcomm Incorporated, a Delaware corporation, and any successor thereto.

     2.17 “Compensation Committee” means the Compensation Committee of the Company’s Board of
Directors.

     2.18 “Deferrals” means, as applicable to a Participant, Basic Deferrals, Bonus Deferrals
and/or Performance-Based Compensation Deferrals made pursuant to the terms of the Plan.

     2.19 “Deferral Subaccount” means a Subaccount under the Participant’s Account to which
Deferrals are credited for a given Plan Year.

     2.20 “Director Fees” shall mean all fees and retainers, including meeting fees, paid in cash
to Non-Employee Directors of the Company, and specifically excludes any annual board retainer paid
in stock units.

     2.21 “Disability” means, to the extent applicable, a determination of disability in accordance
with the Company’s long-term disability insurance policy covering the Participant, or, if none,
“Disability” under this Plan shall mean the Participant is unable to engage in any substantial
activity by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than twelve
months.

     2.22 “Discretionary Company Contribution” means a Company contribution awarded to an Eligible
Employee pursuant to Section 4.6 of the Plan.

     2.23 “Distribution Date” means the date on which distribution of a Participant’s Benefits is
made or commences pursuant to Article 9 of the Plan.

     2.24 “Effective Date” means January 1, 2011, except that Section 6.1.3 and Article VIII are
effective as of September 27, 2010.

     2.25 “Election(s)” means the form or forms on which a Participant: (i) elects to make
Deferrals, (ii) elects a Distribution Date for Plan Benefits, (iii) elects the method by which his
or her Benefits will be distributed; and (iv) specifies his or her Beneficiary(ies) under the Plan.
An Election shall be in such form or forms as may be prescribed by the Committee, including
specifically an electronic form.

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     2.26 “Eligible Employee” means an employee of the Employer who is a member of a select group
of management or highly compensated employees and who has been designated as eligible to
participate in the Plan in accordance with Article 3 of the Plan.

     2.27 “Employer” means the Company and any other Affiliate of the Company that has adopted the
Plan.

     2.28 “Fair Market Value” shall have the same meaning given such term in the LTIP.

     2.29 “Good Reason” means any one or more of the following: (i) without the Participant’s
express written consent, the assignment of any duties, or any limitation of responsibilities,
substantially inconsistent with the Participant’s positions, duties, responsibilities and status
with the Company immediately prior to the date of a Change in Control; (ii) without the
Participant’s express written consent, the relocation of his or her principal place of employment
or service to a location that is more than fifty (50) miles from the principal place of employment
or service immediately prior to the date of a Change in Control, or the imposition of travel
requirements substantially more demanding than those existing immediately prior to the date of a
Change in Control; (iii) any failure by the Company to pay, or any material reduction by the
Company of, (A) base salary in effect immediately prior to the date of a Change in Control (unless
reductions comparable in amount and duration are concurrently made for all other employees of the
Company with comparable responsibilities, organizational level and title, or (B) bonus
compensation, if any, in effect immediately prior to the date of a Change in Control (subject to
applicable performance requirements with respect to the actual amount of bonus compensation
earned); any failure by the Company to (A) continue to provide the Participant with the opportunity
to participate, on terms no less favorable than those in effect for the benefit of any employee or
service provider group which customarily includes a person holding the employment or service
provider position or a comparable position with the Company then held by the Participant, in any
benefit or compensation plans and programs, including, but not limited to, the Company’s life,
disability, health, dental, medical, savings, profit sharing, stock purchase and retirement plans,
if any, in which the Participant was participating immediately prior to the date of the Change in
Control, or their equivalent, or (B) provide the Participant with all other fringe benefits (or
their equivalent) from time to time in effect for the benefit of any employee group which
customarily includes a person holding the employment or service provider position or a comparable
position with the Company then held by the Participant; any breach by the Company of any material
agreement between the Participant and the Company concerning the Participant’s employment; or any
failure by the Company to obtain the assumption of any material agreement between the Participant
and the Company concerning the Participant’s employment by a successor or assign of the Company.

     2.30 “In-Service Distribution Date” means the date prior to a Separation from Service on which
the distribution of a Participant’s Deferral Subaccount(s) is made or commences pursuant to an
Election made under Article 9 of the Plan.

     2.31 “Investment Return” means the investment return or loss determined in accordance with
Article 6 of the Plan, which shall be credited to Participants’ applicable Subaccounts pursuant to
the terms of the Plan.

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     2.32 “LTIP” shall mean the Qualcomm Incorporated 2006 Long-Term Incentive Plan, as amended, or
any successor thereto.

     2.33 “Matching Contributions” means the Company’s matching contributions denominated in shares
of its Common Stock to the Plan on behalf of an Eligible Employee who is a Participant, as
determined in accordance with Section 4.5 of the Plan.

     2.34 “Non-Employee Director” means a director who is not an Employee.

     2.35 “Open Enrollment Period” means such period as the Committee may specify for Participants
to submit an Election to make Deferrals under the Plan. The Open Enrollment Period shall begin on
the date selected by the Committee and end no later than (i) with respect to Basic Deferrals for
any Plan Year, the first day of such Plan Year; (ii) with respect to Bonus Deferrals, the first day
of the period for which the Bonus may be earned; (iii) with respect to Performance-Based
Compensation Deferrals, the date that is six months before the end of the applicable performance
period, provided the Participant performs services continuously from the later of the beginning of
the performance period or the date the performance criteria are established through the date the
Deferral Election is made and, provided, further that in no event may a Performance-Based
Compensation Deferral Election be made after such Performance Based Compensation has become readily
ascertainable within the meaning of Section 1.409A-2(a)(8) of the Treasury Regulations; and (iv)
with respect to an Eligible Employee or Non-Employee Director who first becomes eligible to
participate in the Plan, the date that is no later than thirty (30) days after first becoming an
Eligible Employee or Non-Employee Director, with respect to compensation paid for services
performed after the Election and, provided further, that where a Performance-Based Compensation
Deferral Election is made in the first year of eligibility but after the beginning of the
applicable performance period, the Election must apply only to the compensation paid for services
performed after the Election.

     2.36 “Participant” means an Eligible Employee or Non-Employee Director who becomes a
Participant in the Plan as provided in Article 3.

     2.37 “Performance-Based Compensation” means any cash compensation paid to an Eligible Employee
which is contingent on the satisfaction of pre-established organizational or individual performance
criteria relating to a performance period of at least 12 consecutive months, determined without
regard to any Performance-Based Compensation Deferral.

     2.38 “Performance-Based Compensation Deferral” means the percentage of a Participant’s
Performance-Based Compensation which the Participant defers pursuant to Section 4.2 of the Plan.

     2.39 “Plan” means this Qualcomm Incorporated Executive Retirement Matching Contribution Plan,
effective as of October 1, 2008, as amended from time to time.

     2.40 “Plan Year” means the 12 consecutive month period beginning on each January 1 and ending
on the following December 31.

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     2.41 “Retirement” means the Participant’s Separation from Service with the Employer after
obtaining the earlier of: (i) age sixty-five (65) or (ii) age sixty-two and one-half (62 1/2) with
at least ten (10) Years of Service.

     2.42 “Separation from Service” means separation from Service with the Employer whether by
termination of employment or Board service. A Participant will be presumed to have had a
Separation from Service where the level of bona fide services performed by such individual
decreases to a level that is 20% less than the average level of bona fide services performed in the
12-month period immediately preceding the Separation from Service. Subject to the foregoing and
the requirements of Section 409A of the Code and the regulations issued thereunder, the Committee,
in its discretion, shall determine whether a Participant has had a Separation from Service and the
effects thereof.

     2.43 “Service” means an Eligible Employee’s employment or service with the Employer in the
capacity of an employee or a member of the Board. An Eligible Employee’s Service shall include
periods of employment or service with the Company and any subsidiary, regardless of whether the
Company has determined that such a subsidiary will not be an Employer for purposes of the Plan.

     2.44 “Specified Employee” means any Participant who, as of the date of Separation from
Service, is a key employee of the Employer by reason of meeting the requirements of Section
416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the regulations thereunder
and disregarding Section 416(i)(5)) at any time during the 12-month period ending on the last day
of the Plan Year, or such other date as may be established by the Committee in a separate document
applicable to all deferred compensation plans sponsored by the Company.

     2.45 “Subaccount(s)” means the subaccount(s) established within a Participant’s Account with
respect to the various types of Deferrals and Company contributions made under the Plan.

     2.46 “Total Compensation” for a Plan Year means wages as defined in Section 3401(a) of the
Code, any annual cash incentive bonus which is normally paid by the Employer to an Eligible
Employee after the end of the fiscal year, and all other payments of compensation to an Eligible
Employee by the Employer (in the course of the Employer’s trade or business) for which the Employer
is required to furnish the Eligible Employee a written statement under Section 6041(d) or Section
6051(a)(3) of the Code for such Plan Year, excluding the following items: any bonus other than an
annual cash incentive bonus which is normally paid by the Employer to an Eligible Employee after
the end of the fiscal year, commissions, the value of a qualified, incentive or non-qualified stock
option granted to the Eligible Employee by the Company to the extent such value is includable in
the Eligible Employee’s taxable income, reimbursements or other expense allowances, fringe benefits
(cash and non-cash), moving expenses, deferred compensation and welfare benefits, but including
amounts that are not includable in the gross income of the Eligible Employee under a salary
reduction agreement by reason of the application of Section 125, 402(e)(3), 402(h), or 403(b) of
the Code or by reason of an election of the Eligible Employee to defer amounts of Base Salary under
this Plan. Total Compensation must be determined without regard to any rules under Section 3401(a)
of the Code that limit the remuneration included in wages based on the nature or location of the
employment

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or the services performed (such as the exception for agricultural labor in Section
3401(a)(2) of the Code).

     2.47 “Trust” means the legal entity created by the Trust Agreement(s).

     2.48 “Trust Agreement” means the trust agreement entered into between the Company and the
Trustee(s) to hold assets with respect to this Plan.

     2.49 “Trustee(s)” means the person(s) or entity named as Trustee(s) in the Trust Agreement
established to hold assets with respect to this Plan and any duly appointed and acting successor
Trustee(s) appointed by the Employer pursuant to the terms of the Trust Agreement.

     2.50 “Year of Service” means each 12 consecutive month period of completed Service.

ARTICLE III

ELIGIBILITY AND PARTICIPATION

     3.1 Eligibility. Participation in the Plan shall be limited to Eligible Employees and
Non-Employee Directors. Eligible Employees shall be notified as to their eligibility to participate
in the Plan. Until changed by the Committee, an Eligible Employee shall be an employee designated
by the Executive Vice President, Human Resources, of the Company; provided, however, that the
Compensation Committee shall approve participation by any Eligible Employee whose transactions
under the Plan are subject to Section 16 of the Securities Exchange Act of 1934, as amended. The
Committee, in its discretion, may also limit the ability of Participants to make certain types of
Deferrals or be credited with Company contributions under the Plan.

     3.2 Commencement of Participation. Participation in the Plan is voluntary. An
Eligible Employee or Non-Employee Director may begin participation in the Plan upon the execution
and submission of an Election during the applicable Open Enrollment Period.

ARTICLE IV

DEFERRALS AND CONTRIBUTIONS

     4.1 Basic Deferrals.

     4.1.1. An Eligible Employee or Non-Employee Director may elect to reduce his or her Base
Salary or Director Fees, as applicable, by the percentage of Base Salary or Director Fees, as
applicable, set forth in an Election filed with the Committee, subject to the provisions of this
Article 4. Basic Deferrals shall not be paid to the Participant, but shall be withheld from
amounts otherwise payable to the Participant, and an amount equal to the Basic Deferrals for the
Plan Year shall be credited to the Participant’s Basic Deferral Subaccount under the Plan.

     4.1.2. The Election to make Basic Deferrals must be filed with the Committee during the Open
Enrollment Period for the Plan Year to which such Election applies. A Participant’s

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Election with
respect to Basic Deferrals shall remain in effect until changed by the Participant during a
subsequent Open Enrollment Period. Each Election to make Basic Deferrals shall apply only to Base
Salary or Director Fees, as applicable, earned after the effective date of such Election.
Elections with respect to Basic Deferrals, once made, shall be irrevocable for the Plan Year.

     4.2 Bonus Deferrals and Performance-Based Compensation Deferrals.

          4.2.1 An Eligible Employee may elect to defer a percentage of any Bonus and/or
Performance-Based Compensation by filing a written Election with the Committee, subject to the
provisions of this Article 4. Such Bonus Deferrals and/or Performance-Based Compensation Deferrals
shall not be paid to the Participant, but shall be withheld from the amounts otherwise payable to
the Participant and credited to the Participant’s applicable Deferral Subaccount under the Plan.

          4.2.2 The Bonus Deferral Election and/or Performance-Based Compensation Deferral Election must
be filed with the Committee during the applicable Open Enrollment Period. A Bonus and/or
Performance-Based Compensation Deferral Election shall remain in effect until changed by the
Participant during a subsequent Open Enrollment Period. Elections with respect to Bonus Deferrals
and Performance-Based Compensation Deferrals, once made, shall be irrevocable for the applicable
fiscal year or performance period.

     4.3 Maximum Deferrals; Cash Deferrals Only. Subject to such further limits as the
Committee may establish in its sole discretion:

     (a) An Eligible Employee may not defer Base Salary in an amount that exceeds Base Salary
reduced by the sum of (i) applicable employment tax withholding amounts (including, but not limited
to, FICA and FUTA taxes); (ii) the applicable dollar amount that may be contributed to the
Company’s 401(k) Plan for the Plan Year in accordance with Section 402(g)(B) of the Code (without
regard to “catch-up contributions” pursuant to Code Section 402(g)(C)); (iii) the maximum amount
that may be contributed to the Company’s employee stock purchase plan(s) for the Plan Year; and
(iv) the actual amounts contributed under the Company’s Code Section 125 plan and all other ERISA
welfare benefit plans for the Plan Year.

     (b) An Eligible Employee may not defer Bonus and/or Performance-Based Compensation in an
amount that exceeds Bonus and/or Performance-Based Compensation reduced by applicable employment
tax withholding amounts (including, but not limited to, FICA and FUTA taxes) attributable to such
Bonus and/or Performance Based Compensation; as applicable.

     (c) A Director may elect to defer up to 100% of his or her cash Director Fees.

     (d) Notwithstanding anything herein to the contrary, no Participant shall be permitted to
defer stock-based compensation under the Plan.

     4.4 No Withdrawal. Except as otherwise set forth herein, amounts credited to a
Participant’s Account may not be withdrawn by a Participant and shall be paid only in accordance
with the provisions of this Plan.

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     4.5 Matching Contributions. The Company will credit Matching Contributions to the
Matching Contribution Subaccount of an Eligible Employee for a Plan Year if (a) the Eligible
Employee is actively employed by the Employer on the first day following the end of such Plan Year,
or (b) the Eligible Employee’s employment with the Employer is terminated during the Plan Year by
the Employer without Cause. The Matching Contribution shall be equal to fifty percent (50%) of the
Eligible Employee’s Deferrals credited to his or her Account for the Plan Year; provided, however,
that the total Matching Contribution credited to the Matching Contribution Subaccount of any
Eligible Employee for any Plan Year shall not exceed the remainder of (i) 10% of such Eligible
Employee’s Total Compensation for the applicable Plan Year, reduced by (ii) 50% of the maximum
401(k) plan contribution limit established under Section 402(g) of the Code for the Plan Year,
determined without regard to “catch-up contributions” pursuant to Section 414(v) of the Code (the
“401(k) Maximum Deferral”). With respect to the determination of Matching Contributions for an
Eligible Employee who is employed for less than the entire Plan Year, the 401(k) Maximum Deferral
shall be calculated on a pro-rated basis by multiplying the 401(k) Maximum Deferral as defined in
the preceding sentence by a fraction, the numerator of which shall be the number of whole and
partial months the Eligible Employee is actively employed by the Employer during the Plan Year, and
the denominator of which shall be twelve (12).

          All Matching Contributions to the Plan shall be credited to an Eligible Employee’s Matching
Contribution Subaccount solely in the form of whole shares of the Company’s Common Stock, subject
to the provisions of 6.1.2. For purposes of converting a Company Matching Contribution from a
dollar value to a number of whole shares of the Company’s Common Stock, the Fair Market Value of
the Company’s Common Stock shall be the average of the Fair Market Value of the Company’s Common
Stock over the two hundred (200) trading days immediately preceding the last day of the applicable
calendar year or, with respect to an Eligible Employee whose employment is terminated without Cause
during the Plan Year, the average of the Fair Market Value of the Company’s Common Stock over the
two hundred (200) trading days immediately preceding the last day of his or her employment.
Notwithstanding any other Plan provision to the contrary, the Company’s Matching Contribution for a
given Eligible Employee for a specific contribution period shall be rounded up to the next whole
number of shares of the Company’s Common Stock.

     4.6 Discretionary Company Contributions. From time to time the Company may, as
recommended by the Compensation Committee and approved by the Board in its complete discretion,
credit to an Eligible Employee’s Account a Discretionary Company Contribution, in such amounts and
at such times as the Company may determine. Such Discretionary Company Contributions may be
denominated in cash or shares of Company Common Stock, as determined by the Board. The Company
shall be under no obligation to continue to make Discretionary Company Contributions and may
discontinue such contributions at any time.

     4.7 Adjustments. Shares to be issued under the Plan are reserved for issuance under
the LTIP, and shall be subject to adjustment in the event of a change in the Company’s capital
structure, in accordance with Section 4.2 of the LTIP.

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ARTICLE V

ACCOUNTS

     Accounts; Subaccounts. Separate Accounts and Subaccounts shall be established and
maintained for each Participant in accordance with the terms of the Plan. Each Participant’s
applicable Subaccounts shall be credited with the Participant’s Basic Deferrals, Bonus and/or
Performance-Based Compensation Deferrals, Matching Contributions and Discretionary Company
Contributions, if any. Participants’ Accounts shall be credited (or debited) with the applicable
Investment Return as set forth in Article 6. Participants’ Accounts shall be reduced by losses,
distributions and any other charges which may be imposed on the Accounts pursuant to the terms of
the Plan.

ARTICLE VI

PLAN INVESTMENTS AND EARNINGS ON PARTICIPANTS’ ACCOUNTS

     6.1 Investment of Matching Contributions and Discretionary Company Contributions Credited
in Stock.

          6.1.1 As set forth in Article 4, each Participant’s Matching Contributions and Discretionary
Company Contributions Subaccount (to the extent a contribution is denominated in Company Common
Stock) shall be credited to the Participant’s Account in shares of the Company’s Common Stock, and
shall be accounted for and reported in terms of whole shares of the Company’s Common Stock.

          6.1.2 In the event that the Trust established with respect to Matching Contributions or
Discretionary Company Contributions in the form of the Company’s Common Stock for any reason holds
cash or other property sufficient to purchase a whole share of the Company’s Common Stock, the
Trustee shall first arrange to acquire additional shares of the Company’s Common Stock, either by
purchasing such shares in the public market or by acquiring such shares directly from the Company,
unless the Committee, in its discretion, determines to credit such cash or other property to
Participants’ Accounts. In the event that the Trust for any reason holds cash or other property in
an amount insufficient to purchase a whole share of the Company’s Common Stock, such amount shall
be held in cash or a cash equivalent determined by the Committee. Notwithstanding any other
provision of the Plan to the contrary, in the event there are insufficient shares of the Company’s
Common Stock reserved and available for issuance to make Matching or Discretionary Company
Contributions in the form of Company Common Stock, the Company may credit cash amounts in lieu of
shares of Company Common Stock to the applicable Subaccounts of one or more Participants for some
or all of the Matching and Discretionary Company Contribution amounts.

          6.1.3 If the Board declares a cash dividend on the shares of the Company’s Common Stock, as of
the first business day following the dividend payment date with respect to such cash dividend, the
Company shall credit a cash amount equal to such per-share cash dividend with respect to each share
of Company Common Stock credited to a Participant’s Matching Contributions and/or Discretionary
Contributions Subaccount as of the dividend

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declaration date for such cash dividend. All such cash amounts shall be credited to the
Subaccount and be subject to the same terms and conditions relating to vesting and payment as the
corresponding shares of Company Common Stock credited to that Subaccount and be deemed to be
invested in the Fidelity Institutional Money Market Portfolio as of the first trading day after the
dividend payment date with respect to such cash dividend, provided, however, that a Participant may
at any time elect to reinvest any such amounts deemed invested in the Fidelity Institutional Money
Market Portfolio in any other Benchmark Fund specified under Section 6.2.2, but only after the fund
is added to the Fidelity recordkeeping system.

     6.2 Investment of Deferrals and Discretionary Company Contributions Denominated in Cash.

          6.2.1 The Committee may designate the particular funds or contracts which shall constitute
the Benchmark Funds with respect to Basic Deferrals, Bonus and/or Performance-Based Compensation
Deferrals and Discretionary Company Contributions awarded in cash and the Company may, in its sole
discretion, change or add to the Benchmark Funds; provided, however, that the Committee shall
notify Participants of any such change prior to the effective date of the change.

          6.2.2 Each Participant may select among the Benchmark Funds and specify the manner in
which each of his or her applicable Subaccounts shall be deemed to be invested, solely for purposes
of determining the Participant’s Investment Return. The Committee shall establish and communicate
the rules, procedures and deadlines for making and changing Benchmark Fund selections. The Company
shall have no obligation to acquire investments corresponding to the Participant’s Benchmark Fund
selections.

          6.2.3 The Investment Return is based on the asset unit value, net of administrative fees
and investment management fees and other applicable fees or charges, of the Benchmark Fund(s)
designated by the Committee. The Investment Return may be negative if the applicable Benchmark
Fund(s) sustain a loss. The Investment Return shall be credited (or debited) monthly, or more
frequently as the Committee may specify.

ARTICLE VII

BENEFICIARIES

     A Participant shall have the right to designate on an Election prescribed by the Committee one
or more Beneficiaries to receive any Benefits due under the Plan in the event of the Participant’s
death.

     If the Participant has not properly designated a Beneficiary, or if for any reason such
designation shall not be legally effective, or if said designated Beneficiary shall predecease the
Participant, then the Participant’s Beneficiary shall be the Participant’s surviving spouse. In
the event there is no surviving spouse, the Participant’s Beneficiary shall be the Participant’s
estate.

     The Participant shall have the right at any time to revoke a previous Beneficiary designation
and to substitute one or more other Beneficiary(ies); provided, however, that the

11

 

most recent Beneficiary Designation received prior to a Participant’s death shall supersede
all prior Beneficiary designations made under the Plan.

ARTICLE VIII

VESTING

     8.1 Vesting of Deferrals. All Deferrals credited to a Participant’s Account shall
always be 100% vested.

     8.2 Vesting of Matching and Discretionary Company Contributions. A Participant’s
Matching and Discretionary Company Contribution Subaccounts shall vest in accordance with whichever
one of the following vesting schedules results in the largest vested balance in the Participant’s
Account.

          8.2.1 One hundred percent (100%) shall be vested upon the Participant’s death, Disability,
attainment of age 65 while employed by the Employer, or completion of two (2) continuous Years of
Service. All Participants who have completed at least two (2) continuous Years of Service as of
the Effective Date shall be one hundred percent (100%) vested as of the Effective Date.

          8.2.2 A Participant shall be partially or fully vested in the discretion of the
Compensation Committee, so long as no acceleration of vesting results in an acceleration of payment
prohibited under Section 409A of the Code.

          8.2.3 A Participant shall be one hundred percent (100%) vested upon involuntary
termination of employment without Cause or voluntary termination of employment for Good Reason, in
either case at any time within twenty-four (24) months following a Change in Control.

     8.3 Amounts credited to a Participant which are not vested at the time that the
Participant has a Separation from Service with the Employer shall be forfeited. A Participant who
forfeits any such amounts shall have no rights to the restoration of such amounts in the event that
he or she once again becomes eligible to participate in the Plan.

ARTICLE IX

BENEFIT DISTRIBUTIONS

     9.1 Benefit Amount. The value of a Participant’s Benefit shall equal the vested
value of the Participant’s Subaccount(s) on the applicable Distribution Date. Distributions from a
Participant’s Matching Contributions or Discretionary Company Contributions Subaccount credited as
shares of Company Common Stock shall be paid in whole shares of the Company’s Common Stock, except
as provided in Section 6.1.3 with respect to any fractional shares.

     9.2 Timing of Distributions. In accordance with the Participant’s Election made
at the time of the original deferral (or a permissible later election, if applicable), Benefits
shall be paid (or payments shall commence) within sixty (60) days following the earliest
of:

12

 

          9.2.1 The date of the Participant’s Separation from Service (including due to Retirement);

          9.2.2 The In-Service Distribution Date designated by the Participant (solely with respect
to distributions of Deferral Subaccounts);

          9.2.3 The date of the Participant’s death or Disability; or

          9.2.4 The date of a Change in Control of the Company.

          Notwithstanding anything herein to the contrary, Participants shall not be entitled to elect
an In-Service Distribution Date with respect to their Matching and Discretionary Company
Contribution Subaccounts. Any Matching Contribution or Company Discretionary Contribution that
vests pursuant to Section 8.2.3 of the Plan after the date of a Change of Control shall be
distributed upon the Participant’s subsequent Separation from Service.

     9.3. Methods of Distribution.

          9.3.1 Distribution Methods. A Participant’s Benefit shall be paid in a single
lump sum payment, unless the Participant specifies in an Election that (1) a distribution of
Deferrals made pursuant to such Election and any Matching Contributions credited with respect to
such Election in the event of Retirement or Disability or (2) a distribution of Deferrals made
pursuant to such Election (but not any Matching Contributions credited with respect to such
Election) upon an In-Service Distribution Date shall be paid in quarterly or annual installment
payments of substantially equal amounts over a period as provided below:

	 	 	 
	Reason for Distribution	 	Installment Period
	Retirement
	 	5 or 10 Years
	 
	 	 
	Disability
	 	5 or 10 Years
	 
	 	 
	In-Service Distribution Date
	 	2/3/4/5 Years

          9.3.2 A Participant may amend a previous lump sum payment Election to take a distribution
upon Retirement, Disability or an In-Service Distribution Date in installments, by filing an
amended Election at least twelve (12) months in advance of the date specified in the original
Election. With respect to a distribution upon Retirement or an In-Service Distribution Date, the
new Distribution Date must be at least five (5) years after the date of the first distribution
specified in the original Election. No such amendment may accelerate the date that any
distribution would be made from the Plan.

          9.3.3 The Participant’s method of distribution selected in his or her Election shall
remain in effect for all future similar Deferrals until changed by the Participant during a
subsequent Open Enrollment Period. The Participant’s method of distribution may be changed only in
accordance with the requirements of Section 9.3.2.

13

 

          9.3.4 Failure to Properly Specify Form of Distribution. If, at the time of his or
her Distribution Date, a Participant has failed to elect a form of distribution or a Participant
who elects an installment distribution does not satisfy the requirements for the installment term
elected, then such Participant’s Benefits shall be distributed in a single lump sum payment.

          9.3.5 Installment Amounts. For purposes of this Section 9.3, installment
distributions shall commence within sixty (60) days following a Participant’s Retirement or
Disability, and shall thereafter be paid within the thirty (30) day period beginning on the last
business day of each calendar quarter beginning with the calendar quarter next following the
quarter in which the initial payment date occurred (for quarterly installments) or on a date that
is within 30 days of each anniversary of the initial payment date (for annual installments).
Installment distributions with respect to an In-Service Distribution Date shall commence on the
business day corresponding with or immediately following the date elected by the Participant and be
paid within the 30-day period beginning on the last business day of each calendar quarter beginning
with the calendar quarter next following the quarter in which the initial payment date occurred
(for quarterly installments) or on a date that is within 30 days of each subsequent anniversary of
the In-Service Distribution Date (for annual installments).

          9.3.6 Reemployed After Installments Begin. If a former Participant is reemployed
after having begun to receive installment distributions from the Plan, then such former
Participant, upon once again becoming an Eligible Employee, may begin a new period of participation
in the Plan; provided, however, that the installment distributions previously commenced will
continue to be paid to the Participant over the specified installment period.

          9.3.7 Minimum Account Balance Necessary for Installments. Notwithstanding
anything in the Plan to the contrary, if a Participant’s Account balance is less than $50,000 at
the time elected to begin installment distributions, the Participant’s Benefit will automatically
be distributed in a single lump sum.

     9.4 Election of In-Service Distribution Date.

          9.4.1 Initial Election. Upon filing an Election to make Deferrals for any Plan
Year, a Participant may specify an In-Service Distribution Date for the Subaccount to which such
Deferrals are credited, subject to the following:

               9.4.1.1 A Participant must elect an In-Service Distribution Date for all of the Deferrals
credited to such Subaccounts for the Plan Year.

               9.4.1.2 The In-Service Distribution Date elected for any Deferral Subaccount must be at
least two (2) years after the end of the Plan Year for which the Deferrals to such Subaccount are
made.

               9.4.1.3 Benefits shall be paid (or payments shall commence in accordance with Section
9.3.5) on the elected In-Service Distribution Date elected for such Deferral Subaccount.

          9.4.2 Revocation or Amendment of In-Service Distribution Election. A Participant
who has elected an In-Service Distribution Date may revoke and/or amend the In-

14

 

Service Distribution Date Election by filing a revocation or an amended Election at least
twelve (12) months in advance of the In-Service Distribution Date specified in the Election being
revoked or amended. The amended In-Service Distribution Date must be in a Plan Year that is at
least five (5) years after the In-Service Distribution Date specified in the prior Election. An
In-Service Distribution Date Election for any Deferral Subaccount may be amended only once.
Nothing in this Section 9.4.2 shall preclude a Participant from amending his or her Election as to
the method of distribution in accordance with Section 9.3.3, above.

          9.4.3 Separation from Service Before the Planned In-Service Distribution Date. If
the Participant has a Separation from Service with the Employer before his In-Service Distribution
Date for any reason (other than Retirement or Disability, to the extent of a valid Retirement or
Disability election), distribution of the Participant’s Account shall be made in a single lump sum
payment within sixty (60) days after the Participant’s Separation from Service.

          9.4.4 Separation from Service After Commencement of Installment In-Service
Distributions. Notwithstanding any prior Election, if the Participant has a Separation from
Service with the Employer for any reason (other than Retirement or Disability, to the extent of a
valid Retirement or Disability election) while receiving In-Service Distributions in the form of
installments, distribution of the Participant’s remaining installments shall be made in a single
lump sum payment within sixty (60) days after the Participant’s Separation from Service.

     9.5 Distribution Upon Death of Participant. If a Participant dies before his or
her Benefit payments have commenced, then such Participant’s Benefits shall be paid to his or her
designated Beneficiary in a single lump sum cash payment within sixty (60) days following the date
of the Participant’s death. If a Participant dies after installment payments have commenced, his
or her remaining Account balance shall be paid to the Beneficiary in a single lump sum payment
within sixty (60) days after the Participant’s death.

     9.6 Specified Employees. In the event of a distribution to a Specified Employee
based upon such individual’s Separation from Service, no distributions will be made, irrespective
of any Election or provision of this Plan to the contrary, before the date which is six (6) months
and ten (10) days after the date of Separation from Service, or if earlier, the date of death of
the Specified Employee.

     9.7 Limitation on Distributions to Covered Employees. Notwithstanding any other
provision of this Article 9, and subject to the requirements of Section 409A of the Code, in the
event the Participant is a “covered employee” as that term is defined in Section 162(m)(3) of the
Code, or would be a covered employee if Benefits were distributed in accordance with his or her
Election, the maximum amount which may be distributed from the Participant’s Account in any Plan
Year shall not exceed one million dollars ($1,000,000), less the amount of compensation paid to the
Participant in such Plan Year which is not “performance-based” (as defined in Code Section
162(m)(4)(C)), which amount shall be reasonably determined by the Committee at the time of the
proposed distribution. Any amount which is not distributed to the Participant in a Plan Year as a
result of this limitation shall be distributed to the Participant during the first Plan Year in
which the Company reasonably anticipates that the deduction will not be barred by application of
Section 162(m) of the Code, subject to compliance with the foregoing limitations set forth in this
Section 9.7.

15

 

     9.8 Tax Withholding. Distributions under this Article 9 shall be subject to all
applicable withholding requirements for federal, state and local income or other taxes. Amounts
required to be withheld pursuant to this Section 9.8 shall be taken first from distributions of
cash and second, to the extent necessary to satisfy the minimum tax withholding requirements, from
the proceeds of the sale of shares of Company Common Stock distributed to the Participant, which
sale the Participant authorizes as a condition of participation in the Plan.

     9.9 Section 280G Parachute Payment. In the event that any distribution from the
Plan received or to be received by a Participant (a “Distribution”) would (i) constitute a
“parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this Section
9.9, cause the Participant to become subject to the excise tax imposed by Section 4999 of the Code
(the “Excise Tax”) or increase such Participant’s Excise Tax liability, then such Distribution may
be reduced to the largest amount which the Participant, in his or her sole discretion, determines
would result in no portion of the Distribution being subject to the Excise Tax. The determination
by a Participant of any reduction shall be conclusive and binding upon the Employer, the Company,
and the Committee. The Committee shall reduce a Distribution and/or shall accept the return of
some or all of a Distribution previously made to a Participant only upon written notice by the
Participant indicating the amount of such reduction. Any amounts returned to the Plan pursuant to
this Section 9.9 shall be treated as a forfeiture and shall be used to reduce the Company’s future
contributions to the Plan or to pay costs associated with the operation and administration of the
Plan.

     9.10 409A Transition Rule Elections. The Plan Committee, in its sole discretion
and to the extent it deems appropriate, may permit Participants to make changes to existing payment
elections to be made prior to December 31, 2008 or such earlier date as the Committee may specify.
Any election changes made pursuant to this Section 9.10 may not defer into later years amounts that
would have been payable in 2008 or cause payment of amounts payable in later years to be
accelerated into 2008. Elections under this Section 9.10 shall comply in all respects with the
provisions of IRS Notice 2007-86 and other applicable IRS and Treasury guidance. In addition,
notwithstanding anything in this Plan to the contrary, deferral elections may be made prior to
January 1, 2009, pursuant to the rules specified in IRS Notice 2007-86. Any deferral or election
changes made after January 1, 2009 shall be required to comply with the requirements set forth in
this Plan.

ARTICLE X

ADMINISTRATION

     10.1 Committee Structure. The initial number of Committee members shall be three
(3), until such number is changed by the approval of the majority of the Compensation Committee. A
member of the Committee must be an employee of the Employer or a member of the Board and shall
continue to serve until such member (i) resigns, (ii) is removed or (iii) terminates employment
with the Employer and no longer serves on the Board for any reason. The approval of at least
two-thirds (2/3) of the members of the Compensation Committee shall be required to remove a member
of the Committee. A majority of the remaining members of the Committee may fill one or more
vacancies on the Committee. The Committee may allocate and delegate some or all of its
responsibilities described in this Article 10 and otherwise as set forth

16

 

in the Plan. The Committee’s authority under this Article 10 shall at all times be subject to
the ability of the Compensation Committee to remove any or all of the members of the Committee for
any reason, change the number of members of the Committee, fill vacancies on such committee, and
establish rules and procedures for the Committee.

     10.2 Committee Powers and Responsibilities. The Committee shall have control of
the administration of the Plan, with all powers necessary to enable it properly to carry out its
duties in that respect, including, but not limited to, the power and authority to:

          10.2.1 Construe the Plan and any Trust Agreement(s) to determine all questions that shall
arise as to interpretations of the Plan’s provisions, including determinations of which individuals
are Eligible Employees and the extent of their eligibility to participate in the Plan, which
individuals are Specified Employees, and determinations related to the amounts credited to a
Participant’s Account and the appropriate timing and method of Benefit payments;

          10.2.2 Establish reasonable rules and procedures which shall be applied to Elections, the
establishment of Accounts and Subaccounts, and all other discretionary provisions of the Plan;

          10.2.3 Establish rules, procedures and formats for the electronic administration of the
Plan, including specifically the distribution of Participant communications, Elections and tax
information;

          10.2.4 Establish the rules and procedures by which the Plan will operate that are
consistent with the terms of the Plan documents and Code Section 409A;

          10.2.5 Compile and maintain all records it determines to be necessary, appropriate or
convenient in connection with the administration of the Plan;

          10.2.6 Adopt amendments to the Plan which are deemed necessary or desirable to facilitate
administration of the Plan and/or to bring Plan-related documents into compliance with all
applicable laws and regulations; provided, however, that the Committee shall not have the authority
to adopt any Plan amendment that will result in substantially increased costs to the Company unless
such amendment is contingent upon ratification by the Compensation Committee before becoming
effective;

          10.2.7 Employ such persons or organizations to perform services with respect to the
administrative responsibilities of the Committee under the Plan as the Committee determines to be
necessary and appropriate, including, but not limited to, attorneys, accountants, and benefit,
financial and administrative consultants;

          10.2.8 Select, review and retain or change the Benchmark Funds which are used for
determining the Investment Return under the Plan;

          10.2.9 Direct the investment of the assets of the Trust(s);

          10.2.10 Review the performance of the Trustee(s) with respect to the Trustee’s duties,
responsibilities and obligations under the Plan and the Trust Agreement(s); and

17

 

          10.2.11 Take such other actions as may be necessary or appropriate to the management and
investment of the assets held with respect to this Plan.

     10.3 Decisions of the Committee. Decisions of the Committee made in good faith
upon any matter within the scope of its authority shall be final, conclusive and binding upon all
persons, including Participants and their legal representatives or Beneficiaries. Any discretion
granted to the Committee shall be exercised in accordance with rules and policies established by
the Committee.

     10.4 Indemnification. To the extent permitted by law, the Company shall indemnify
each member of the Committee, and any other Employee or member of the Board with duties under the
Plan, against losses and expenses (including any amount paid in settlement) reasonably incurred by
such person in connection with any claims against such person by reason of such person’s conduct in
the performance of his or her duties under the Plan, except in relation to matters as to which such
person has acted fraudulently or in bad faith in the performance of his or her duties.
Notwithstanding the foregoing, the Company shall not indemnify any person for any expense incurred
through any settlement or compromise of any action unless the Company consents in writing to the
settlement or compromise.

     10.5 Claims Procedure. Benefits shall be provided from this Plan through
procedures initiated by the Committee, and the Participant need not file a claim. However, if a
Participant or Beneficiary believes he or she is entitled to a Benefit different from the one
received, then the Participant or Beneficiary may file a claim for the Benefit by writing a letter
to the Committee.

          10.5.1 If any claim for Benefits under the Plan is wholly or partially denied, the
claimant shall be given notice in writing of such denial within 90 days of the date the letter
claiming benefits is received by the Committee. If special circumstances require an extension of
time, written notice of the extension shall be furnished to the claimant within the initial 90-day
period.

          10.5.2 Notice of the denial shall set forth the following information: (a) the specific
reason or reasons for the denial; (b) specific references to pertinent 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;
(d) an explanation that a full review by the Committee of the decision denying the claim may be
requested by the claimant or his or her authorized representative by filing with the Company,
within 60 days after such notice has been received, a written request for such review; and (e) if
such request is so filed, the claimant or his or her authorized representative may review pertinent
documents and submit issues and comments in writing within the same 60 day period.

          10.5.3 The decision of the Committee upon review shall be made promptly, and not later
than 60 days after the Committee’s receipt of the request for review, unless special circumstances
require an extension of time for processing, in which case the claimant shall be so notified and a
decision shall be rendered as soon as possible, but not later than 120 days after receipt of the
request for review. If the claim is denied, wholly or in part, the claimant shall be promptly
given a copy of the decision. The decision shall be in writing and shall include specific reasons
for the denial, specific references to the pertinent Plan provisions on which the denial is

18

 

based and shall be written in a manner calculated to be understood by the claimant. No
further legal action may be initiated claiming benefits under this Plan until the claims procedure
set forth in this Article 10 is complete.

     10.6 Plan Expenses. The Company shall pay all costs and expenses related to the
operation and administration of the Plan.

ARTICLE XI

AMENDMENT AND TERMINATION

     11.1 Right to Amend. The Committee shall have the right to amend the Plan, at any
time and with respect to any of its provisions, and all parties claiming any interest under the
Plan shall be bound by such amendment; provided, however, that no such amendment shall deprive a
Participant of a right accrued under the Plan prior to the date of the amendment, unless such an
amendment is required by applicable law or deemed necessary to preserve the preferred tax treatment
of the Plan. Notwithstanding anything herein to the contrary, only the Compensation Committee
shall have the authority to adopt amendments that result in a change to the matching contribution
formula under Section 4.5 of the Plan.

     11.2 Amendments to Ensure Proper Characterization of Plan. Notwithstanding the
provisions of Section 11.1, the Plan may be amended by the Committee or the Compensation Committee
at any time, and retroactively if required, if found necessary, in the opinion of the Committee or
the Compensation Committee, in order to conform the Plan to the provisions and requirements of
applicable law (including, but not limited to, Section 409A of the Code, and other applicable
portions of ERISA and the Code). No such amendment shall be considered prejudicial to any interest
of a Participant hereunder.

     11.3 Plan Termination or Plan Suspension. The Company reserves the right, by
action of the Compensation Committee, to terminate the Plan at any time, to suspend the operation
of the Plan for a fixed or indeterminate period of time, or to terminate the Plan and provide for
all amounts to be distributed in a lump sum, to the extent permitted under Section 409A of the Code
and the regulations issued thereunder.

     11.4 Successor to Company. Any corporation or other business organization which
is a successor to the Company by reason of a consolidation, merger or purchase of all or
substantially all of the assets of the Company, or any other Change in Control, shall have the
right to become a party to the Plan by means of a resolution of the entity’s board of directors or
other appropriate governing body.

ARTICLE XII

PLAN TRANSFERS

     12.1 Transfers to Other Plans. In the event that a Participant becomes employed
by any affiliated company, subsidiary corporation, parent corporation or unrelated corporation with
which the Company enters into a transaction to acquire the assets or stock of such unrelated
corporation, the Committee shall have the right, but not the obligation, to direct the Trustee to

19

 

transfer funds in an amount equal to the amount credited to such Participant’s Account (the
“Transferred Account”) to a trust established under a Transferee Plan. The Committee shall
determine, in its sole discretion, whether such transfer shall be made and the timing of such
transfer. Such transfer shall be made if, and only to the extent that, approval of such transfer
is obtained from the Trustee.

          12.1.1 Transferee Plan. For purposes of this Section 12.1, “Transferee Plan”
shall mean an unfunded, nonqualified deferred compensation plan described in Sections 201(2),
301(a)(3) and 401(a)(l) of ERISA maintained by any of the Company’s affiliated entities, subsidiary
corporations, parent corporations or any corporation unrelated to the Company with which the
Company has successfully closed a transaction in which the Company acquired the assets or the
outstanding stock of such unrelated corporation.

     12.2 Transfers in from Other Plans. There may be transferred directly from the
trustee of another nonqualified, funded, deferred compensation plan (an “Other Plan”) to the
Trustee, subject to the approval of the transferor corporation maintaining the Other Plan and the
Committee, funds in an amount not to exceed the amounts credited to the Other Plan accounts
maintained for the benefit of that Eligible Employee. Amounts transferred pursuant to this Section
12.2, and any gains or losses allocable thereto, (i) shall be accounted for separately (“Transfer
Account”) from amounts otherwise allocable to the Eligible Employee under this Plan, and (ii) the
Transfer Account shall be distributed in accordance with the Eligible Employee’s deferral election
under the Other Plan, as such election may be amended pursuant to the terms of the Other Plan.
Subsequent earnings on the amount in the Transfer Account shall be credited to a separate Account
for the Eligible Employee established pursuant to this Plan and shall be determined under the
Plan’s investment procedures in Article 6.

     12.3 Effect of Section. This Section 12 shall only be operable to the extent the
Committee determines and in its sole and absolute discretion at the time of any proposed transfer
that such transfer will not impact the Plan and any deferred amounts in a tax disadvantageous
manner under Section 409A of the Code.

ARTICLE XIII

MISCELLANEOUS

     13.1 No Assignment. The right of any Participant, any Beneficiary or any other
person to the payment of any benefits under this Plan shall not be assigned, transferred, pledged
or encumbered, including pursuant to domestic relations orders.

     13.2 No Secured Interest. The obligations of the Company to Participants under
this Plan shall not be funded or otherwise secured, and shall be paid out of the general assets of
the Company. Participants are general unsecured creditors of the Company with respect to the
Company’s contributions hereunder and shall have no legal or equitable interest in the assets of
the Company, including any assets the Company may set aside or reserve against its obligations
under this Plan.

20

 

     13.3 Successors. This Plan shall be binding upon and inure to the benefit of the
Employer, its successors and assigns and the Participant and his or her heirs, executors,
administrators and legal representatives.

     13.4 No Employment Agreement. Nothing contained herein shall be construed as
conferring upon any Participant the right to continue in the Service of the Company or any
Affiliate.

     13.5 Attorneys’ Fees. If the Employer, the Participant, any Beneficiary and/or
successor in interest to any of the foregoing, brings legal action to enforce any of the provisions
of this Plan, the prevailing party in such legal action shall be reimbursed by the other party for
the prevailing party’s legal costs, including, without limitation, reasonable fees of attorneys,
accountants and similar advisors and expert witnesses.

     13.6 Entire Agreement. This Plan constitutes the entire understanding and
agreement with respect to the subject matter contained herein, and supersedes any and all
agreements, understandings, restrictions, representations or warranties among any Participant and
the Employer other than those set forth or provided for in this Plan.

     13.7 Severability. If any provision of this Plan is held to be invalid, illegal
or unenforceable, such invalidity, illegality, or unenforceability shall not affect any other
provision of this Plan, and the Plan shall be construed and enforced as if such provision had not
been included. In addition, if such provision is invalid, illegal or unenforceable due to changes
in applicable law or accounting requirements, the Company may amend the Plan, without the consent
and without providing any advance notice to any Participant, as may be necessary or desirable to
comply with changes in the applicable law or financial accounting of deferred compensation plans.

     13.8 Governing Law. This Plan shall be construed under the laws of the State of
California, except to the extent preempted by federal law.

     IN WITNESS WHEREOF, this Plan has been adopted by the Company effective as of the Effective
Date.

	 	 	 	 	 
	 	QUALCOMM INCORPORATED

 	 
	Dated:                    , 2010 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

21exv10w1

Exhibit
10.1

 

    D. R.
    HORTON, INC.

    

 

    2006
    STOCK INCENTIVE PLAN

    

    (As
    Amended & Restated Effective as of December 6,
    2010)

 

		
	
    1.  
	
    Purpose

 

    The purpose of the D. R. Horton, Inc. 2006 Stock Incentive Plan
    (As Amended and Restated Effective as of December 6, 2010)
    (the “Plan”) is to advance the interests of D.
    R. Horton, Inc. (the “Company”) by stimulating
    the efforts of employees, officers and, to the extent provided
    by Sections 5(e) and (f), non-employee directors and
    certain other service providers, in each case who are selected
    to be participants, by heightening the desire of such persons to
    continue in working toward and contributing to the success and
    progress of the Company. The Plan supersedes the Company’s
    1991 Stock Incentive Plan with respect to future awards, and
    provides for the grant of Incentive and Nonqualified Stock
    Options, Stock Appreciation Rights, Restricted Stock and
    Restricted Stock Units, any of which may be performance-based,
    and for Incentive Bonuses, which may be paid in cash or stock or
    a combination thereof, as determined by the Administrator.

 

		
	
    2.  
	
    Definitions

 

    As used in the Plan, the following terms shall have the meanings
    set forth below:

 

    (a) “Administrator” means the
    Administrator of the Plan in accordance with Section 17.

 

    (b) “Award” means an Incentive Stock
    Option, Nonqualified Stock Option, Stock Appreciation Right,
    Restricted Stock, Restricted Stock Unit or Incentive Bonus
    granted to a Participant pursuant to the provisions of the Plan,
    any of which the Administrator may structure to qualify in whole
    or in part as a Performance Award.

 

    (c) “Award Agreement” means a written
    agreement or other instrument as may be approved from time to
    time by the Administrator implementing the grant of each Award.
    An Agreement may be in the form of an agreement to be executed
    by both the Participant and the Company (or an authorized
    representative of the Company) or certificates, notices or
    similar instruments as approved by the Administrator.

 

    (d) “Board” means the board of directors
    of the Company.

 

    (e) “Code” means the Internal Revenue Code
    of 1986, as amended from time to time, and the rulings and
    regulations issues thereunder.

 

    (f) “Company” means D. R. Horton, Inc., a
    Delaware corporation.

 

    (g) “Incentive Bonus” means a bonus
    opportunity awarded under Section 9 pursuant to which a
    Participant may become entitled to receive an amount based on
    satisfaction of such performance criteria as are specified in
    the Award Agreement.

 

    (h) “Incentive Stock Option” means a stock
    option that is intended to qualify as an “incentive stock
    option” within the meaning of Section 422 of the Code.

 

    (i) “Nonemployee Director” means each
    person who is, or is elected to be, a member of the Board and
    who is not an employee of the Company or any Subsidiary.

 

    (j) “Nonqualified Stock Option” means a
    stock option that is not intended to qualify as an
    “incentive stock option” within the meaning of
    Section 422 of the Code.

 

    (k) “Option” means an Incentive Stock
    Option
    and/or a
    Nonqualified Stock Option granted pursuant to Section 6.

    

    1

 

    (l) “Participant” means any individual
    described in Section 3 to whom Awards have been granted
    from time to time by the Administrator and any authorized
    transferee of such individual.

 

    (m) “Performance Award” means an Award,
    the grant, issuance, retention, vesting or settlement of which
    is subject to satisfaction of one or more Qualifying Performance
    Criteria established pursuant to Section 13.

 

    (n) “Plan” means D. R. Horton, Inc. 2006
    Stock Incentive Plan (As Amended & Restated Effective
    as of December 6, 2010), as set forth herein and as amended
    from time to time.

 

    (o) “Prior Plan” means D. R. Horton, Inc.
    1991 Stock Incentive Plan, as amended and restated on
    February 21, 2002.

 

    (p) “Qualifying Performance Criteria” has
    the meaning set forth in Section 13(b).

 

    (q) “Restricted Stock” means Shares
    granted pursuant to Section 8.

 

    (r) “Restricted Stock Unit” means an Award
    granted to a Participant pursuant to Section 8 pursuant to
    which Shares or cash in lieu thereof may be issued in the future.

 

    (s) “Service Provider” means a consultant
    or advisor to the Company or any Subsidiary who (i) is a
    natural person, (ii) provides bona fide services to the
    Company or any Subsidiary, (iii) provides services other
    than in connection with the offer or sale of securities in a
    capital-raising transaction, and (iv) does not directly or
    indirectly promote or maintain a market for the Company’s
    securities, in each case, within the meaning of the General
    Instructions to
    Form S-8
    under the Securities Act of 1933, as amended.

 

    (t) “Share” means a share of the
    Company’s common stock, par value $.01, subject to
    adjustment as provided in Section 12.

 

    (u) “Stock Appreciation Right” means a
    right granted pursuant to Section 7 that entitles the
    Participant to receive, in cash or Shares or a combination
    thereof, as determined by the Administrator, value equal to or
    otherwise based on the excess of (i) the market price of a
    specified number of Shares at the time of exercise over
    (ii) the exercise price of the right, as established by the
    Administrator on the date of grant.

 

    (v) “Subsidiary” means (i) any
    corporation (other than the Company) in an unbroken chain of
    corporations beginning with the Company where each of the
    corporations in the unbroken chain other than the last
    corporation owns stock possessing at least 50 percent or
    more of the total combined voting power of all classes of stock
    in one of the other corporations in the chain, (ii) other
    than with respect to Incentive Stock Options, any limited
    liability company, limited partnership, general partnership or
    other entity, the majority of the equity or ownership interests
    in which are owned, directly or indirectly, by the Company, and
    (iii) if specifically determined by the Administrator in
    the context other than with respect to Incentive Stock Options,
    any entity in which the Company has a significant ownership
    interest or that is directly or indirectly controlled by the
    Company.

 

    (w) “Substitute Awards” means Awards
    granted or Shares issued by the Company in assumption of, or in
    substitution or exchange for, awards previously granted, or the
    right or obligation to make future awards, by a person or entity
    acquired by the Company or any Subsidiary or with which the
    Company or any Subsidiary merges or combines.

 

    (x) “Termination of Employment” means
    ceasing to serve as a full-time employee of the Company and its
    Subsidiaries or, with respect to a Nonemployee Director or other
    Service Provider, ceasing to serve as such for the Company,
    except that with respect to all or any Awards held by a
    Participant (i) the Administrator may determine, subject to
    Section 6(d), that an approved leave of absence or approved
    employment on a less than full-time basis is not considered a
    “Termination of Employment,” (ii) the
    Administrator may determine that a transition of employment to
    service with a partnership, joint venture or corporation not
    meeting the requirements of a Subsidiary in which the Company or
    a Subsidiary is a party is not considered a “Termination of
    Employment,” (iii) service as a member of the Board
    shall constitute continued employment with respect to Awards
    granted to a Participant while he or she served

    

    2

 

    as an employee and (iv) service as an employee of the
    Company or a Subsidiary shall constitute continued employment
    with respect to Awards granted to a Participant while he or she
    served as a member of the Board. The Administrator shall
    determine whether any corporate transaction, such as a sale or
    spin-off of a division or subsidiary that employs a Participant,
    shall be deemed to result in a Termination of Employment with
    the Company and its Subsidiaries for purposes of any affected
    Participant’s Options, and the Administrator’s
    decision shall be final and binding. Unless determined otherwise
    by the Administrator, a Termination of Employment will be
    interpreted consistent with the definition of a “separation
    from service” under the Code Section 409A Regulations.

 

		
	
    3.  
	
    Eligibility

 

    Any person who is a current or prospective officer or employee
    (including, without limitation, any director who is also an
    employee, in his or her capacity as such) of the Company or of
    any Subsidiary shall be eligible for selection by the
    Administrator for the grant of Awards hereunder. To the extent
    provided by Section 5(e), any Nonemployee Director shall be
    eligible for the grant of Awards hereunder as determined by the
    Administrator. In addition, to the extent provided by
    Section 5(f), any Service Provider shall be eligible for
    selection by the Administrator for the grant of Awards
    hereunder. Options intending to qualify as Incentive Stock
    Options may only be granted to employees of the Company or any
    Subsidiary within the meaning of Section 424(f) the Code,
    as selected by the Administrator.

 

		
	
    4.  
	
    Effective
    Date and Termination of Plan

 

    This Plan was originally adopted by the Board on
    November 17, 2005, and became effective as of
    January 26, 2006 (the “Original Effective
    Date”) upon approval by the Company’s
    stockholders. The restated Plan was adopted by the Board and
    became effective as of December 6, 2010, subject to the
    approval by the Company’s stockholders. The Plan shall
    remain available for the grant of Awards until the tenth (10th)
    anniversary of the Original Effective Date. Notwithstanding the
    foregoing, the Plan may be terminated at such earlier time as
    the Board may determine. Termination of the Plan will not affect
    the rights and obligations of the Participants and the Company
    arising under Awards theretofore granted and then in effect.

 

		
	
    5.  
	
    Shares Subject
    to the Plan and to Awards

 

    (a) Aggregate Limits.  The aggregate
    number of Shares issuable pursuant to all Awards shall not
    exceed 28,000,000, plus (i) any Shares that were authorized
    for issuance under the Prior Plan that, as of January 26,
    2006, remain available for issuance under the Prior Plan (not
    including any Shares that are subject to, as of January 26,
    2006, outstanding awards under the Prior Plan or any Shares that
    prior to January 26, 2006 were issued pursuant to awards
    granted under the Prior Plan) and (ii) any Shares subject
    to outstanding awards under the Prior Plan as of
    January 26, 2006 that on or after such date cease for any
    reason to be subject to such awards (other than by reason of
    exercise or settlement of the awards to the extent they are
    exercised for or settled in vested and nonforfeitable shares);
    provided that any Shares granted under Options or Stock
    Appreciation Rights shall be counted against this limit on a
    one-for-one
    basis and any Shares granted as Awards other than Options or
    Stock Appreciation Rights shall be counted against this limit as
    1.75 Shares for every one Share subject to such Award. The
    aggregate number of Shares available for grant under this Plan
    and the number of Shares subject to outstanding Awards shall be
    subject to adjustment as provided in Section 12. The Shares
    issued pursuant to Awards granted under this Plan may be shares
    that are authorized and unissued or shares that were reacquired
    by the Company, including, without limitation, shares purchased
    in the open market.

 

    (b) Issuance of Shares.  For purposes of
    Section 5(a), the aggregate number of Shares issued under
    this Plan at any time shall equal only the number of Shares
    actually issued upon exercise or settlement of an Award.
    Notwithstanding the foregoing, Shares subject to an Award under
    the Plan may not again be made available for issuance under the
    Plan if such Shares are: (i) Shares that were subject to a
    stock-settled Stock Appreciation Right and were not issued upon
    the net settlement or net exercise of such Stock Appreciation
    Right, (ii) Shares used to pay the exercise price of a
    Stock Option, (iii) Shares delivered to or withheld by the
    Company to pay the withholding taxes related to a Stock Option
    or a Stock Appreciation Right, or (iv) Shares

    

    3

 

    repurchased on the open market with the proceeds of a Stock
    Option exercise. Shares subject to Awards that have been
    canceled, expired, forfeited or otherwise not issued under an
    Award and Shares subject to Awards settled in cash shall not
    count as Shares issued under this Plan; provided however, that
    any Shares that again become available for grant pursuant to
    this Section 5 shall be added back on a
    one-for-one
    basis if such Shares were subject to Awards of Options or Stock
    Appreciation Rights or added back as one and three-quarters
    (1.75) Shares for all Shares granted as Awards other than
    Options or Stock Appreciation Rights.

 

    (c) Substitute Awards.  Substitute Awards
    shall not reduce the Shares authorized for issuance under the
    Plan or authorized for grant to a Participant in any calendar
    year. In addition, in the event that a person or entity acquired
    by the Company or any Subsidiary, or with which the Company or
    any Subsidiary merges or combines, has shares available under a
    pre-existing plan approved by its stockholders and not adopted
    in contemplation of such acquisition, merger or combination, the
    shares available for grant pursuant to the terms of such
    pre-existing plan (as adjusted, to the extent appropriate, using
    the exchange ratio or other adjustment or valuation ratio or
    formula used in such acquisition, merger or combination to
    determine the consideration payable to the holders of common
    stock of the entities party to such transaction) may be used for
    Awards under the Plan and, notwithstanding any other provision
    hereof, shall not reduce the Shares authorized for issuance
    under the Plan; provided that Awards using such available shares
    shall not be made after the date awards or grants could have
    been made under the terms of the pre-existing plan, absent the
    acquisition, merger or combination, and shall only be made to
    individuals who were employees, directors or Service Providers
    of such acquired, merged or combined company before such
    acquisition, merger or combination.

 

    (d) Tax Code Limits.  The aggregate number
    of Shares subject to Awards, denominated in Shares, granted
    under this Plan during any calendar year to any one Participant
    shall not exceed 750,000, which number shall be calculated and
    adjusted pursuant to Section 12 only to the extent that
    such calculation or adjustment will not affect the status of any
    Award intended to qualify as “performance based
    compensation” under Section 162(m) of the Code but
    which number shall not count any tandem SARs (as defined in
    Section 7). The aggregate number of Shares that may be
    issued pursuant to the exercise of Incentive Stock Options
    granted under this Plan shall not exceed 28,000,000, which
    number shall be calculated and adjusted pursuant to
    Section 12 only to the extent that such calculation or
    adjustment will not affect the status of any option intended to
    qualify as an Incentive Stock Option under Section 422 of
    the Code. The maximum amount payable pursuant to that portion of
    an Incentive Bonus, denominated in dollars, granted with respect
    any specified performance period to any Participant under this
    Plan that is intended to satisfy the requirements for
    “performance based compensation” under
    Section 162(m) of the Code shall not exceed two percent
    (2%) of the Company’s consolidated pre-tax income for such
    performance.

 

    (e) Director Awards.  The aggregate number
    of Shares subject to Awards granted under this Plan during any
    calendar year to any one Nonemployee Director shall not exceed
    15,000, which limit shall not count any tandem SARs (as defined
    in Section 7).

 

    (f) Awards to Service Providers.  The
    aggregate number of Shares issued under this Plan pursuant to
    all Awards granted to Service Providers shall not exceed 300,000.

 

    (g) Effect on Prior Plan.  From and after
    the Original Effective Date, no further grants or awards shall
    be made under the Prior Plan. Grants and awards made under the
    Prior Plan before the Original Effective Date, however, shall
    continue in effect in accordance with their terms.

 

		
	
    6.  
	
    Options

 

    (a) Option Awards.  Options may be granted
    at any time and from time to time prior to the termination of
    the Plan to Participants as determined by the Administrator. No
    Participant shall have any rights as a stockholder with respect
    to any Shares subject to Options hereunder until such Shares
    have been issued. Each Option shall be evidenced by an Award
    Agreement. Options granted pursuant to the Plan need not be
    identical but each Option must contain and be subject to the
    terms and conditions set forth below.

 

    (b) Price.  The Administrator will
    establish the exercise price per Share under each Option, which,
    in no event will be less than the fair market value of the
    Shares on the date of grant; provided, however, that the

    

    4

 

    exercise price per Share with respect to an Option that is
    granted in connection with a merger or other acquisition as a
    substitute or replacement award for options held by optionees of
    the acquired entity may be less than 100% of the market price of
    the Shares on the date such Option is granted if such exercise
    price is based on a formula set forth in the terms of the
    options held by such optionees or in the terms of the agreement
    providing for such merger or other acquisition. The exercise
    price of any Option may be paid in Shares, cash or a combination
    thereof, as determined by the Administrator, including, without
    limitation, an irrevocable commitment by a broker to pay over
    such amount from a sale of the Shares issuable under an Option,
    the delivery of previously owned Shares and withholding of
    Shares deliverable upon exercise.

 

    (c) No Repricing.  Other than in
    connection with a change in the Company’s capitalization or
    other event or transaction described in Section 12, the
    terms of outstanding Awards may not be amended to
    (a) reduce the exercise price of outstanding Options or
    take any other action that is treated as a re-pricing under
    generally accepted accounting principles (“GAAP”), or
    (b) at any time when the exercise price of an Option is
    above the market value of a Share, cancel, exchange, buyout or
    surrender outstanding Options in exchange for cash, other awards
    or Options or Stock Appreciation Rights with an exercise price
    that is less than the exercise price of the original Options,
    without stockholder approval.

 

    (d) Provisions Applicable to Options.  The
    date on which Options become exercisable shall be determined at
    the sole discretion of the Administrator and set forth in an
    Award Agreement. Unless provided otherwise in the applicable
    Award Agreement, to the extent that the Administrator determines
    that an approved leave of absence or employment on a less than
    full-time basis is not a Termination of Employment, the vesting
    period
    and/or
    exercisability of an Option shall be adjusted by the
    Administrator during or to reflect the effects of any period
    during which the Participant is on an approved leave of absence
    or is employed on a less than full-time basis.

 

    (e) Term of Options and Termination of
    Employment.  The Administrator shall establish the
    term of each Option, which in no case shall exceed a period of
    ten (10) years from the date of grant. In addition, the
    Award Agreement evidencing the grant of each Option shall set
    forth the terms and conditions applicable to such Option upon a
    Participant’s Termination of Employment.

 

    (f) Incentive Stock
    Options.  Notwithstanding anything to the contrary
    in this Section 6, in the case of the grant of an Option
    intending to qualify as an Incentive Stock Option: (i) if
    the Participant owns stock possessing more than 10 percent
    of the combined voting power of all classes of stock of the
    Company (a “10% Shareholder”), the exercise price of
    such Option must be at least 110 percent of the fair market
    value of the Shares on the date of grant and the Option must
    expire within a period of not more than five (5) years from
    the date of grant, and (ii) Termination of Employment will
    occur when the person to whom an Award was granted ceases to be
    an employee (as determined in accordance with
    Section 3401(c) of the Code and the regulations promulgated
    thereunder) of the Company and its Subsidiaries. Notwithstanding
    anything in this Section 6 to the contrary, options
    designated as Incentive Stock Options shall not be eligible for
    treatment under the Code as Incentive Stock Options (and will be
    deemed to be Nonqualified Stock Options) to the extent that
    either (a) the aggregate fair market value of Shares
    (determined as of the time of grant) with respect to which such
    Options are exercisable for the first time by the Participant
    during any calendar year (under all plans of the Company and any
    Subsidiary) exceeds $100,000, taking Options into account in the
    order in which they were granted, or (b) such Options
    otherwise remain exercisable but are not exercised within three
    (3) months of Termination of Employment (or such other
    period of time provided in Section 422 of the Code).

 

		
	
    7.  
	
    Stock
    Appreciation Rights

 

    Stock Appreciation Rights may be granted to Participants from
    time to time either in tandem with or as a component of other
    Awards granted under the Plan (“tandem SARs”)
    or not in conjunction with other Awards (“freestanding
    SARs”) and may, but need not, relate to a specific
    Option granted under Section 6. The provisions of Stock
    Appreciation Rights need not be the same with respect to each
    grant or each recipient. Any Stock Appreciation Right granted in
    tandem with an Award may be granted at the same time such Award
    is granted or at any time thereafter before exercise or
    expiration of such Award. All freestanding SARs shall

    

    5

 

    be granted subject to the same terms and conditions applicable
    to Options as set forth in Section 6 (including, without
    limitation, no repricing) and all tandem SARs shall have the
    same exercise price, vesting, exercisability, forfeiture and
    termination provisions as the Award to which they relate.
    Subject to the provisions of Section 6 and the immediately
    preceding sentence, the Administrator may impose such other
    conditions or restrictions on any Stock Appreciation Right as it
    shall deem appropriate. Stock Appreciation Rights may be settled
    in Shares, cash or a combination thereof, as determined by the
    Administrator and set forth in the applicable Award Agreement.
    Other than in connection with a change in the Company’s
    capitalization or other event or transaction described in
    Section 12, the terms of outstanding Awards may not be
    amended to (a) reduce the exercise price of outstanding
    Stock Appreciation Rights or take any other action that is
    treated as a re-pricing under GAAP, or (b) at any time when
    the exercise price of an SAR is above the market value of a
    Share, cancel, exchange, buyout or surrender outstanding Stock
    Appreciation Rights in exchange for cash, other awards or
    Options or Stock Appreciation Rights with an exercise price that
    is less than the exercise price of the original Stock
    Appreciation Rights, without stockholder approval.

 

		
	
    8.  
	
    Restricted
    Stock and Restricted Stock Units

 

    (a) Restricted Stock and Restricted Stock Unit
    Awards.  Restricted Stock and Restricted Stock
    Units may be granted at any time and from time to time prior to
    the termination of the Plan to Participants as determined by the
    Administrator. Restricted Stock is an award or issuance of
    Shares the grant, issuance, retention, vesting
    and/or
    transferability of which is subject during specified periods of
    time to such conditions (including, without limitation,
    continued employment or performance conditions) and terms as the
    Administrator deems appropriate. Restricted Stock Units are
    Awards denominated in units of Shares under which the issuance
    of Shares is subject to such conditions (including, without
    limitation, continued employment or performance conditions) and
    terms as the Administrator deems appropriate. Each grant of
    Restricted Stock and Restricted Stock Units shall be evidenced
    by an Award Agreement. Unless determined otherwise by the
    Administrator, each Restricted Stock Unit will be equal to one
    Share and will entitle a Participant to either the issuance of
    Shares or payment of an amount of cash determined with reference
    to the value of Shares. To the extent determined by the
    Administrator, Restricted Stock and Restricted Stock Units may
    be satisfied or settled in Shares, cash or a combination
    thereof. Restricted Stock and Restricted Stock Units granted
    pursuant to the Plan need not be identical but each grant of
    Restricted Stock and Restricted Stock Units must contain and be
    subject to the terms and conditions set forth below.

 

    (b) Contents of Agreement.  Each Award
    Agreement shall contain provisions regarding (i) the number
    of Shares or Restricted Stock Units subject to such Award or a
    formula for determining such number, (ii) the purchase
    price of the Shares, if any, and the means of payment,
    (iii) the performance criteria, if any, and level of
    achievement versus these criteria that shall determine the
    number of Shares or Restricted Stock Units granted, issued,
    retainable
    and/or
    vested, (iv) such terms and conditions on the grant,
    issuance, vesting
    and/or
    forfeiture of the Shares or Restricted Stock Units as may be
    determined from time to time by the Administrator, (v) the
    term of the performance period, if any, as to which performance
    will be measured for determining the number of such Shares or
    Restricted Stock Units, and (vi) restrictions on the
    transferability of the Shares or Restricted Stock Units. Shares
    issued under a Restricted Stock Award may be issued in the name
    of the Participant and held by the Participant or held by the
    Company, in each case as the Administrator may provide.

 

    (c) Vesting and Performance Criteria.  The
    grant, issuance, retention, vesting and/or, subject to
    Section 10, settlement of shares of Restricted Stock and
    Restricted Stock Units will occur when and in such installments
    as the Administrator determines or under criteria the
    Administrator establishes, which may include Qualifying
    Performance Criteria. The grant, issuance, retention, vesting
    and/or
    settlement of Shares under any such Award that is based on
    performance criteria and level of achievement versus such
    criteria will be subject to a performance period of not less
    than one (1) year, and the grant, issuance, retention,
    vesting
    and/or
    settlement of Shares under any Restricted Stock or Restricted
    Stock Unit Award that is based solely upon continued employment
    and/or the
    passage of time may not vest or be settled in full over a period
    of less than three (3) years but may be subject to pro-rata
    vesting over such period, except that the Administrator may
    provide for the satisfaction
    and/or lapse
    of all conditions under any such Award in the event of the
    Participant’s death,

    

    6

 

    disability, retirement or in connection with a change in control
    of the Company, and the Administrator may provide that any such
    restriction or limitation will not apply in the case of a
    Restricted Stock or Restricted Stock Unit Award that is issued
    in payment or settlement of compensation that has been earned by
    the Participant or that qualifies as a Substitute Award.
    Notwithstanding anything in this Plan to the contrary, the
    performance criteria for any Restricted Stock or Restricted
    Stock Unit that is intended to satisfy the requirements for
    “performance-based compensation” under
    Section 162(m) of the Code will be a measure based on one
    or more Qualifying Performance Criteria selected by the
    Administrator and specified when the Award is granted.

 

    (d) Discretionary Adjustments and
    Limits.  Subject to the limits imposed under
    Section 162(m) of the Code for Awards that are intended to
    qualify as “performance based compensation,”
    notwithstanding the satisfaction of any performance goals, the
    number of Shares granted, issued, retainable
    and/or
    vested under an Award of Restricted Stock or Restricted Stock
    Units on account of either financial performance or personal
    performance evaluations may, to the extent specified in the
    Award Agreement, be reduced, but not increased, by the
    Administrator on the basis of such further considerations as the
    Administrator shall determine.

 

    (e) Voting Rights.  Unless otherwise
    determined by the Administrator, Participants holding shares of
    Restricted Stock granted hereunder may exercise full voting
    rights with respect to those shares during the period of
    restriction. Participants shall have no voting rights with
    respect to Shares underlying Restricted Stock Units unless and
    until such Shares are reflected as issued and outstanding shares
    on the Company’s stock ledger.

 

    (f) Dividends and
    Distributions.  Participants in whose name
    Restricted Stock is granted shall be entitled to receive all
    dividends and other distributions paid with respect to those
    Shares, unless determined otherwise by the Administrator. The
    Administrator will determine whether any such dividends or
    distributions will be automatically reinvested in additional
    shares of Restricted Stock and subject to the same restrictions
    on transferability as the Restricted Stock with respect to which
    they were distributed or whether such dividends or distributions
    will be paid in cash. Shares underlying Restricted Stock Units
    shall be entitled to dividends or dividend equivalents only to
    the extent provided by the Administrator. Notwithstanding the
    foregoing, any dividends or distributions on performance-based
    Restricted Stock or Restricted Stock Units shall be subject to
    the same performance-based vesting criteria and other
    restrictions on transferability as the underlying Restricted
    Stock (or Restricted Stock Units) with respect to which they
    were paid or distributed.

 

    (g) Termination of Employment.  The Award
    Agreement evidencing the grant of an Award of Restricted Stock
    or Restricted Stock Units shall set forth the terms and
    conditions applicable to such Award upon a Participant’s
    Termination of Employment.

 

		
	
    9.  
	
    Incentive
    Bonuses

 

    (a) General.  Each Incentive Bonus Award
    will confer upon the Participant the opportunity to earn a
    future payment tied to the level of achievement with respect to
    one or more performance criteria established for a performance
    period of not less than one year (if payable in Shares), and not
    less than one calendar quarter (if payable solely in cash).

 

    (b) Incentive Bonus Document.  The terms
    of any Incentive Bonus will be set forth in an Award Agreement.
    Each Award Agreement evidencing an Incentive Bonus shall contain
    provisions regarding (i) the target and maximum amount
    payable to the Participant as an Incentive Bonus, (ii) the
    performance criteria and level of achievement versus these
    criteria that shall determine the amount of such payment,
    (iii) the term of the performance period as to which
    performance shall be measured for determining the amount of any
    payment, (iv) the timing of any payment earned by virtue of
    performance, (v) restrictions on the alienation or transfer
    of the Incentive Bonus prior to actual payment,
    (vi) forfeiture provisions and (vii) such further
    terms and conditions, in each case not inconsistent with this
    Plan as may be determined from time to time by the Administrator.

 

    (c) Performance Criteria.  The
    Administrator shall establish the performance criteria and level
    of achievement versus these criteria that shall determine the
    target and maximum amount payable under an Incentive Bonus,
    which criteria may be based on financial performance
    and/or
    personal performance

    

    7

 

    evaluations. The Administrator may specify the percentage of the
    target Incentive Bonus that is intended to satisfy the
    requirements for “performance-based compensation”
    under Section 162(m) of the Code. Notwithstanding anything
    to the contrary herein, the performance criteria for any portion
    of an Incentive Bonus that is intended by the Administrator to
    satisfy the requirements for “performance-based
    compensation” under Section 162(m) of the Code shall
    be a measure based on one or more Qualifying Performance
    Criteria (as defined in Section 13(b)) selected by the
    Administrator and specified at the time the Incentive Bonus is
    granted. The Administrator shall certify the extent to which any
    Qualifying Performance Criteria has been satisfied, and the
    amount payable as a result thereof, prior to payment of any
    Incentive Bonus that is intended to satisfy the requirements for
    “performance-based compensation” under
    Section 162(m) of the Code.

 

    (d) Timing and Form of Payment.  The
    Administrator shall determine the timing of payment of any
    Incentive Bonus. Payment of the amount due under an Incentive
    Bonus may be made in cash or in Shares, as determined by the
    Administrator. Subject to Section 10, the Administrator may
    provide for or, subject to such terms and conditions as the
    Administrator may specify, may permit a Participant to elect for
    the payment of any Incentive Bonus to be deferred to a specified
    date or event.

 

    (e) Discretionary
    Adjustments.  Notwithstanding satisfaction of any
    performance goals, the amount paid under an Incentive Bonus on
    account of either financial performance or personal performance
    evaluations may, to the extent specified in the Award Agreement,
    be reduced, but not increased, by the Administrator on the basis
    of such further considerations as the Administrator shall
    determine.

 

		
	
    10.  
	
    Deferral
    of Gains

 

    The Administrator may, in an Award Agreement or otherwise,
    provide for the deferred delivery of Shares or cash upon
    settlement, vesting or other events with respect to Restricted
    Stock or Restricted Stock Units, or in payment or satisfaction
    of an Incentive Bonus. Notwithstanding anything herein to the
    contrary, in no event will any deferral of the delivery of
    Shares or any other payment with respect to any Award be allowed
    if the Administrator determines that the deferral would result
    in the imposition of the additional tax under
    Section 409A(a)(1)(B) of the Code. No Award shall provide
    for deferral of compensation that does not comply with
    Section 409A of the Code, unless the Board, at the time of
    grant, specifically provides that the Award is not intended to
    comply with Section 409A of the Code. The Company shall
    have no liability to a Participant, or any other party, if an
    Award that is intended to be exempt from, or compliant with,
    Section 409A of the Code is not so exempt or compliant or
    for any action taken by the Board.

 

		
	
    11.  
	
    Conditions
    and Restrictions Upon Securities Subject to Awards

 

    The Administrator may provide that the Shares issued upon
    exercise of an Option or Stock Appreciation Right or otherwise
    subject to or issued under an Award shall be subject to such
    further agreements, restrictions, conditions or limitations as
    the Administrator in its discretion may specify prior to the
    exercise of such Option or Stock Appreciation Right or the
    grant, vesting or settlement of such Award, including, without
    limitation, conditions on vesting or transferability, forfeiture
    or repurchase provisions and method of payment for the Shares
    issued upon exercise, vesting or settlement of such Award
    (including, without limitation, the actual or constructive
    surrender of Shares already owned by the Participant) or payment
    of taxes arising in connection with an Award. Without limiting
    the foregoing, such restrictions may address the timing and
    manner of any resales by the Participant or other subsequent
    transfers by the Participant of any Shares issued under an
    Award, including, without limitation (i) restrictions under
    an insider trading policy or pursuant to applicable law,
    (ii) restrictions designed to delay
    and/or
    coordinate the timing and manner of sales by Participant and
    holders of other Company equity compensation arrangements,
    (iii) restrictions as to the use of a specified brokerage
    firm for such resales or other transfers and
    (iv) provisions requiring Shares to be sold on the open
    market or to the Company in order to satisfy tax withholding or
    other obligations.

 

		
	
    12.  
	
    Adjustment
    of and Changes in the Stock

 

    The number and kind of Shares available for issuance under this
    Plan (including, without limitation, under any Awards then
    outstanding), and the number and kind of Shares subject to the
    individual limits set

    

    8

 

    forth in Section 5 of this Plan, shall be equitably
    adjusted by the Administrator as it determines appropriate to
    reflect any reorganization, reclassification, combination or
    exchange of shares, repurchase of shares, stock split, reverse
    stock split, spin-off, dividend or other distribution of
    securities, property or cash (other than regular, quarterly cash
    dividends), or any other event or transaction that affects the
    number or kind of Shares of the Company outstanding. Such
    adjustment may be designed to comply with Section 425 of
    the Code or, except as otherwise expressly provided in
    Section 5(d) of this Plan, may be designed to treat the
    Shares available under the Plan and subject to Awards as if they
    were all outstanding on the record date for such event or
    transaction or to increase the number of such Shares to reflect
    a deemed reinvestment in Shares of the amount distributed to the
    Company’s securityholders. The terms of any outstanding
    Award shall also be equitably adjusted by the Administrator as
    to price, number or kind of Shares subject to such Award,
    vesting, and other terms to reflect the foregoing events, which
    adjustments need not be uniform as between different Awards or
    different types of Awards.

 

    In the event there shall be any other change in the number or
    kind of outstanding Shares, or any stock or other securities
    into which such Shares shall have been changed, or for which it
    shall have been exchanged, by reason of a change of control,
    other merger, consolidation or otherwise, then the Administrator
    shall, in its sole discretion, determine the appropriate and
    equitable adjustment, if any, to be effected. Without limiting
    the generality of the foregoing, in the event of any such change
    described in this paragraph, the Administrator may, in its sole
    discretion, (i) provide for the assumption or substitution
    of, or adjustment to, each outstanding Award;
    (ii) accelerate the vesting of and terminate any
    restrictions on outstanding Awards; (iii) provide for
    cancellation of accelerated Awards that are not exercised within
    a time prescribed by the Administrator; or (iv) provide for
    the cancellation of any outstanding Awards in exchange for a
    cash payment to the holders thereof.

 

    No right to purchase fractional shares shall result from any
    adjustment in Awards pursuant to this Section 12. In case
    of any such adjustment, the Shares subject to the Award shall be
    rounded down to the nearest whole share. The Company shall
    notify Participants holding Awards subject to any adjustments
    pursuant to this Section 12 of such adjustment, but
    (whether or not notice is given) such adjustment shall be
    effective and binding for all purposes of the Plan.

 

		
	
    13.  
	
    Qualifying
    Performance-Based Compensation

 

    (a) General.  The Administrator may
    establish performance criteria and level of achievement versus
    such criteria that shall determine the number of Shares to be
    granted, retained, vested, issued or issuable under or in
    settlement of or the amount payable pursuant to an Award, which
    criteria may be based on Qualifying Performance Criteria or
    other standards of financial performance
    and/or
    personal performance evaluations. In addition, the Administrator
    may specify that an Award or a portion of an Award is intended
    to satisfy the requirements for “performance-based
    compensation” under Section 162(m) of the Code,
    provided that the performance criteria for such Award or portion
    of an Award that is intended by the Administrator to satisfy the
    requirements for “performance-based compensation”
    under Section 162(m) of the Code shall be a measure based
    on one or more Qualifying Performance Criteria selected by the
    Administrator and specified at the time the Award is granted.
    The Administrator shall certify the extent to which any
    Qualifying Performance Criteria has been satisfied, and the
    amount payable as a result thereof, prior to payment, settlement
    or vesting of any Award that is intended to satisfy the
    requirements for “performance-based compensation”
    under Section 162(m) of the Code. Notwithstanding
    satisfaction of any performance goals, the number of Shares
    issued under or the amount paid under an award may, to the
    extent specified in the Award Agreement, be reduced (but not
    increased) by the Administrator on the basis of such further
    considerations as the Administrator in its sole discretion shall
    determine.

 

    (b) Qualifying Performance Criteria.  For
    purposes of this Plan, the term “Qualifying Performance
    Criteria” shall mean any one or more of the following
    performance criteria, either individually, alternatively or in
    any combination, applied to either the Company as a whole or to
    a business unit or Subsidiary, either individually,
    alternatively or in any combination, and measured either
    quarterly, annually or cumulatively over a period of years, on
    an absolute basis or relative to a pre-established target, to
    previous years’ results or to a designated comparison
    group, in each case as specified by the Administrator:
    (i) cash flow (before or after

    

    9

 

    dividends), (ii) earnings per share (including, without
    limitation, earnings before interest, taxes, depreciation and
    amortization), (iii) stock price, (iv) return on
    equity, (v) stockholder return or total stockholder return,
    (vi) return on capital (including, without limitation,
    return on total capital or return on invested capital),
    (vii) return on investment, (viii) return on assets or
    net assets, (ix) market capitalization, (x) economic value
    added, (xi) debt leverage (debt to capital),
    (xii) revenue, (xiii) sales or net sales,
    (xiv) backlog, (xv) income, pre-tax income or net
    income, (xvi) operating income or pre-tax profit,
    (xvii) operating profit, net operating profit or economic
    profit, (xviii) gross margin, operating margin or profit
    margin, (xix) return on operating revenue or return on
    operating assets, (xx) cash from operations,
    (xxi) operating ratio, (xxii) operating revenue,
    (xxiii) market share improvement, (xxiv) general and
    administrative expenses, (xxv) gross profit or gross profit
    percentage, (xxvi) income or pre-tax income percentage,
    (xxvii) selling, general and administrative expense
    improvement or containment, (xxiii) land, lot or inventory
    improvement or (xxix) customer service. To the extent
    consistent with Section 162(m) of the Code, the
    Administrator may appropriately adjust any evaluation of
    performance under a Qualifying Performance Criteria to exclude
    any of the following events that occurs during a performance
    period: (i) asset write-downs, (ii) litigation,
    claims, judgments or settlements, (iii) the effect of
    changes in tax law, accounting principles or other such laws or
    provisions affecting reported results, (iv) accruals for
    reorganization and restructuring programs and (v) any
    extraordinary, unusual, non-recurring or non-comparable items
    (A) as described in Accounting Principles Board Opinion
    No. 30, (B) as described in management’s
    discussion and analysis of financial condition and results of
    operations appearing in the Company’s Annual Report to
    stockholders for the applicable year, or (C) publicly
    announced by the Company in a press release or conference call
    relating to the Company’s results of operations or
    financial condition for a completed quarterly or annual fiscal
    period.

 

		
	
    14.  
	
    Transferability

 

    Unless the Administrator specifies otherwise and to the extent
    permitted under the General Instructions to
    Form S-8
    under the Securities Act of 1933, as amended, an Award may not
    be sold, transferred, pledged, assigned, or otherwise alienated
    or hypothecated by a Participant other than by will or the laws
    of descent and distribution, and each Option or Stock
    Appreciation Right shall be exercisable only by the Participant
    during his or her lifetime, and thereafter by the legal
    representative of the Participant’s estate or the
    individual to whom such Award was transferred by the
    Participant’s will or the laws of descent and distribution.

 

		
	
    15.  
	
    Compliance
    with Laws and Regulations

 

    This Plan, the grant, issuance, vesting, exercise and settlement
    of Awards thereunder, and the obligation of the Company to sell,
    issue or deliver Shares under such Awards, shall be subject to
    all applicable foreign, federal, state and local laws, rules and
    regulations, stock exchange rules and regulations, and to such
    approvals by any governmental or regulatory agency as may be
    required. The Company shall not be required to register in a
    Participant’s name or deliver any Shares prior to the
    completion of any registration or qualification of such shares
    under any foreign, federal, state or local law or any ruling or
    regulation of any government body which the Administrator shall
    determine to be necessary or advisable. To the extent the
    Company is unable to or the Administrator deems it infeasible to
    obtain authority from any regulatory body having jurisdiction,
    which authority is deemed by the Company’s counsel to be
    necessary to the lawful issuance and sale of any Shares
    hereunder, the Company and its Subsidiaries shall be relieved of
    any liability with respect to the failure to issue or sell such
    Shares as to which such requisite authority shall not have been
    obtained. No Option shall be exercisable and no Shares shall be
    issued
    and/or
    transferable under any other Award unless a registration
    statement with respect to the Shares underlying such Option is
    effective and current or the Company has determined that such
    registration is unnecessary.

 

    In the event an Award is granted to or held by a Participant who
    is employed or providing services outside the United States, the
    Administrator may, in its sole discretion, modify the provisions
    of the Plan or of such Award as they pertain to such individual
    to comply with applicable foreign law or to recognize
    differences in local law, currency or tax policy. The
    Administrator may also impose conditions on the grant, issuance,
    exercise, vesting, settlement or retention of Awards in order to
    comply with such foreign law
    and/or to
    minimize the Company’s obligations with respect to tax
    equalization for Participants employed outside their home
    country.

    

    10

 

		
	
    16.  
	
    Withholding

 

    To the extent required by applicable federal, state, local or
    foreign law, a Participant shall be required to satisfy, in a
    manner satisfactory to the Company, any withholding tax
    obligations that arise by reason of an Option exercise,
    disposition of Shares issued under an Incentive Stock Option,
    the vesting of or settlement of an Award, an election pursuant
    to Section 83(b) of the Code or otherwise with respect to
    an Award. To the extent a Participant makes an election under
    Section 83(b) of the Code, within ten days of filing such
    election with the Internal Revenue Service, the Participant must
    notify the Company in writing of such election. The Company and
    its Subsidiaries shall not be required to issue Shares, make any
    payment or to recognize the transfer or disposition of Shares
    until such obligations are satisfied. The Administrator may
    provide for or permit these obligations to be satisfied through
    the mandatory or elective sale of Shares
    and/or by
    having the Company withhold a portion of the Shares that
    otherwise would be issued to him or her upon exercise of the
    Option or the vesting or settlement of an Award, or by tendering
    Shares previously acquired.

 

		
	
    17.  
	
    Administration
    of the Plan

 

    (a) Administrator of the Plan.  The Plan
    shall be administered by the Administrator who shall be the
    Compensation Committee of the Board or, in the absence of a
    Compensation Committee, the Board itself; provided, however,
    that with respect to Awards to Nonemployee Directors, the
    Administrator shall be the full Board. Any power of the
    Administrator may also be exercised by the Board, except to the
    extent that the grant or exercise of such authority would cause
    any Award or transaction to become subject to (or lose an
    exemption under) the short-swing profit recovery provisions of
    Section 16 of the Securities Exchange Act of 1934 or cause
    an Award designated as a Performance Award not to qualify for
    treatment as performance-based compensation under
    Section 162(m) of the Code. To the extent that any
    permitted action taken by the Board conflicts with action taken
    by the Administrator, the Board action shall control. The
    Administrator may by resolution authorize one or more officers
    of the Company to perform any or all things that the
    Administrator is authorized and empowered to do or perform under
    the Plan, and for all purposes under this Plan, such officer or
    officers shall be treated as the Administrator; provided,
    however, that the resolution so authorizing such officer or
    officers shall specify the total number of Awards (if any) such
    officer or officers may award pursuant to such delegated
    authority. No such officer shall designate himself or herself or
    any executive officer or director of the Company as a recipient
    of any Awards granted under authority delegated to such officer.
    In addition, the Administrator may delegate any or all aspects
    of the
    day-to-day
    administration of the Plan to one or more officers or employees
    of the Company or any Subsidiary,
    and/or to
    one or more agents.

 

    (b) Powers of Administrator.  Subject to
    the express provisions of this Plan, the Administrator shall be
    authorized and empowered to do all things that it determines to
    be necessary or appropriate in connection with the
    administration of this Plan, including, without limitation:
    (i) to prescribe, amend and rescind rules and regulations
    relating to this Plan and to define terms not otherwise defined
    herein; (ii) to determine which persons are Participants,
    to which of such Participants, if any, Awards shall be granted
    hereunder and the timing of any such Awards; (iii) to grant
    Awards to Participants and determine the terms and conditions
    thereof, including, without limitation, the number of Shares
    subject to Awards and the exercise or purchase price of such
    Shares and the circumstances under which Awards become
    exercisable or vested or are forfeited or expire, which terms
    may but need not be conditioned upon the passage of time,
    continued employment, the satisfaction of performance criteria,
    the occurrence of certain events (including, without limitation,
    events which the Board or the Administrator determine constitute
    a change of control), or other factors; (iv) to establish
    and verify the extent of satisfaction of any performance goals
    or other conditions applicable to the grant, issuance,
    exercisability, vesting
    and/or
    ability to retain any Award; (v) to prescribe and amend the
    terms of the agreements or other documents evidencing Awards
    made under this Plan (which need not be identical) and the terms
    of or form of any document or notice required to be delivered to
    the Company by Participants under this Plan; (vi) to
    determine whether, and the extent to which, adjustments are
    required pursuant to Section 12; (vii) to interpret
    and construe this Plan, any rules and regulations under this
    Plan and the terms and conditions of any Award granted
    hereunder, and to make exceptions to any such provisions if the
    Administrator, in good faith, determines that it is necessary to
    do so in light of the circumstances and for the benefit of the
    Company; (viii) to approve corrections in the documentation
    or administration of any Award; and (ix) to make all other
    determinations

    

    11

 

    deemed necessary or advisable for the administration of this
    Plan. The Administrator may, in its sole and absolute
    discretion, without amendment to the Plan, waive or amend the
    operation of Plan provisions respecting exercise after
    Termination of Employment or service to the Company or an
    affiliate and, except as otherwise provided herein, adjust any
    of the terms of any Award. Notwithstanding anything in the Plan
    to the contrary, other than in connection with a change in the
    Company’s capitalization or other event or transaction
    described in Section 12, the terms of outstanding Awards
    may not be amended to (a) reduce the exercise price of
    outstanding Options or Stock Appreciation Rights or take any
    other action that is treated as a re-pricing under GAAP, or
    (b) at any time when the exercise price of an Option or SAR
    is greater than the market value of a Share, cancel, exchange,
    buyout or surrender outstanding Options or Stock Appreciation
    Rights in exchange for cash, other awards or Options or Stock
    Appreciation Rights with an exercise price that is less than the
    exercise price of the original Options or Stock Appreciation
    Rights, without stockholder approval.

 

    (c) Determinations by the
    Administrator.  All decisions, determinations and
    interpretations by the Administrator regarding the Plan, any
    rules and regulations under the Plan and the terms and
    conditions of or operation of any Award granted hereunder, shall
    be final and binding on all Participants, beneficiaries, heirs,
    assigns or other persons holding or claiming rights under the
    Plan or any Award. The Administrator shall consider such factors
    as it deems relevant, in its sole and absolute discretion, to
    making such decisions, determinations and interpretations
    including, without limitation, the recommendations or advice of
    any officer or other employee of the Company and such attorneys,
    consultants and accountants as it may select.

 

    (d) Subsidiary Awards.  In the case of a
    grant of an Award to any Participant employed by a Subsidiary,
    such grant may, if the Administrator so directs, be implemented
    by the Company issuing any subject Shares to the Subsidiary, for
    such lawful consideration as the Administrator may determine,
    upon the condition or understanding that the Subsidiary will
    transfer the Shares to the Participant in accordance with the
    terms of the Award specified by the Administrator pursuant to
    the provisions of the Plan. Notwithstanding any other provision
    hereof, such Award may be issued by and in the name of the
    Subsidiary and shall be deemed granted on such date as the
    Administrator shall determine.

 

		
	
    18.  
	
    Amendment
    of the Plan or Awards

 

    The Board or the Compensation Committee of the Board may amend,
    alter or discontinue this Plan, and the Administrator may amend
    or alter any agreement or other document evidencing an Award
    made under this Plan but, except as provided pursuant to the
    provisions of Section 12, no such amendment shall, without
    the approval of the stockholders of the Company:

 

    (a) increase the maximum number of Shares for which Awards
    may be granted under this Plan;

 

    (b) whether before or after the date of grant, reduce the
    price at which Options or Stock Appreciation Rights may be
    exercised below the price provided for in Section 6(b) or
    Section 7;

 

    (c) other than in connection with a change in the
    Company’s capitalization or other event or transaction
    described in Section 12, amend the terms of outstanding
    Awards to (a) reduce the exercise price of outstanding
    Options or Stock Appreciation Rights or take any other action
    that is treated as a re-pricing under GAAP, or (b) at any
    time when the exercise price of an Option or SAR is greater than
    the market value of a Share, cancel, exchange, buyout or
    surrender outstanding Options or Stock Appreciation Rights in
    exchange for cash, other awards or Options or Stock Appreciation
    Rights with an exercise price that is less than the exercise
    price of the original Options or Stock Appreciation Rights;

 

    (d) extend the term of this Plan;

 

    (e) change the class of persons eligible to be Participants;

 

    (f) otherwise amend the Plan in any manner requiring
    stockholder approval by law or under the New York Stock Exchange
    listing requirements; or

 

    (g) increase the individual maximum limits in
    Sections 5(d) and (e).

    

    12

 

    No amendment or alteration to the Plan or an Award or Award
    Agreement shall be made which would impair the rights of the
    holder of an Award, without such holder’s consent, provided
    that no such consent shall be required if (i) the
    Administrator determines in its sole discretion and prior to the
    date of any change of control (as defined in the applicable
    Award Agreement) that such amendment or alteration either is
    required or advisable in order for the Company, the Plan or the
    Award to satisfy any law or regulation or stock exchange listing
    requirement or to meet the requirements of or avoid adverse
    financial accounting consequences under any accounting standard,
    or (ii) the Administrator determines in its sole discretion
    that such amendment or alteration is not reasonably likely to
    significantly diminish the benefits provided under the Award, or
    that any such diminution has been adequately compensated.

 

		
	
    19.  
	
    No
    Liability of Company

 

    The Company and any Subsidiary or affiliate which is in
    existence or hereafter comes into existence shall not be liable
    to a Participant or any other person as to: (i) the
    non-issuance or sale of Shares as to which the Company has been
    unable to obtain from any regulatory body having jurisdiction
    the authority deemed by the Company’s counsel to be
    necessary to the lawful issuance and sale of any Shares
    hereunder; and (ii) any tax consequence expected, but not
    realized, by any Participant or other person due to the receipt,
    exercise or settlement of any Award granted hereunder.

 

		
	
    20.  
	
    Non-Exclusivity
    of Plan

 

    Neither the adoption of this Plan by the Board nor the
    submission of this Plan to the stockholders of the Company for
    approval shall be construed as creating any limitations on the
    power of the Board or the Administrator to adopt such other
    incentive arrangements as either may deem desirable, including,
    without limitation, the granting of restricted stock or stock
    options otherwise than under this Plan or an arrangement that is
    or is not intended to qualify under Code Section 162(m),
    and such arrangements may be either generally applicable or
    applicable only in specific cases.

 

		
	
    21.  
	
    Governing
    Law

 

    This Plan and any agreements or other documents hereunder shall
    be interpreted and construed in accordance with the laws of the
    Delaware and applicable federal law. Any reference in this Plan
    or in the agreement or other document evidencing any Awards to a
    provision of law or to a rule or regulation shall be deemed to
    include any successor law, rule or regulation of similar effect
    or applicability.

 

		
	
    22.  
	
    No Right
    to Employment, Reelection or Continued Service

 

    Nothing in this Plan or an Award Agreement shall interfere with
    or limit in any way the right of the Company, its Subsidiaries
    and/or its
    affiliates to terminate any Participant’s employment,
    service on the Board or service for the Company at any time or
    for any reason not prohibited by law, nor shall this Plan or an
    Award itself confer upon any Participant any right to continue
    his or her employment or service for any specified period of
    time. Neither an Award nor any benefits arising under this Plan
    shall constitute an employment contract with the Company, any
    Subsidiary
    and/or its
    affiliates. Subject to Sections 4 and 18, this Plan and the
    benefits hereunder may be terminated at any time in the sole and
    exclusive discretion of the Board without giving rise to any
    liability on the part of the Company, its Subsidiaries
    and/or its
    affiliates.

 

		
	
    23.  
	
    Unfunded
    Plan

 

    The Plan is intended to be an unfunded plan. Participants are
    and shall at all times be general creditors of the Company with
    respect to their Awards. If the Administrator or the Company
    chooses to set aside funds in a trust or otherwise for the
    payment of Awards under the Plan, such funds shall at all times
    be subject to the claims of the creditors of the Company in the
    event of its bankruptcy or insolvency.

    

    13

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