Document:

EX-10.22

 Exhibit 10.22 

AGILON HEALTH, INC. 

2021 OMNIBUS EQUITY INCENTIVE PLAN 

ARTICLE I 
 PURPOSES 

This agilon health, inc. 2021 Omnibus Equity Incentive Plan, as may be amended from time to time (the “Plan”), has the following purposes:

 (1) To further the growth, development and financial success of agilon health, inc. (the “Company”) and the Subsidiaries
(as defined herein), by providing additional incentives to employees, consultants and directors of the Company and the Subsidiaries by allowing them to become owners of Company Common Stock, thereby benefiting directly from the growth, development
and financial success of the Company and the Subsidiaries. 
 (2) To enable the Company and the Subsidiaries to obtain and retain the
services of the type of professional and managerial employees, consultants and directors considered essential to the long-range success of the Company and the Subsidiaries by providing and offering them an opportunity to become owners of Company
Common Stock pursuant to the Awards granted hereunder. 
 The Plan is intended to replace and succeed the Amended and Restated agilon health, inc. Stock
Incentive Plan (the “Stock Incentive Plan”), and, from and after the Effective Date, no further awards shall be made under the Stock Incentive Plan and, subject to Section 4.1(b), any available reserves under the Stock
Incentive Plan at the Effective Date shall be terminated and not transferred to this or any other stock incentive plan (but, for the avoidance of doubt, the adoption of this Plan will have no effect on the terms and conditions of outstanding awards
under the Stock Incentive Plan). 
 ARTICLE II 

DEFINITIONS 
 Whenever the following terms
are used in this Plan, they shall have the meanings specified below unless the context clearly indicates to the contrary. The singular pronoun shall include the plural where the context so indicates. 

Section 2.1    “Administrator” shall mean the Board or any committee of the Board designated by the
Board to administer the Plan, in each case as further provided in Article III. 

Section 2.2    “Affiliate” shall mean, with respect to any Person, any other Person directly or
indirectly controlling, controlled by or under common control with, such first Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act. 

Section 2.3    “Alternative Award” shall have the meaning set forth in Section 14.1. 

 Section 2.4    “Applicable Laws” shall mean the
requirements relating to stock options, restricted stock, restricted stock units, performance shares, performance awards, and other equity-based compensation awards and plans under U.S. federal and state corporate laws, U.S. federal and state
securities laws, the Code, any stock exchange or quotation system on which the Company Common Stock is listed or quoted and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan. 

Section 2.5    “Award” shall mean any Option, Stock Purchase Right, Restricted Stock, Restricted
Stock Unit, Performance Share, Performance Unit, SAR, Dividend Equivalent, Deferred Share Unit or other Stock-Based Award granted to a Participant pursuant to the Plan, including an Award combining two or more types of Awards into a single grant.

 Section 2.6    “Award Agreement” shall mean any written agreement, contract or other instrument
or document evidencing an Award, including through an electronic medium. The Administrator may provide for the use of electronic, internet or other non-paper Award Agreements, and the use of electronic,
internet or other non-paper means for the Participant’s acceptance of, or actions under, an Award Agreement, unless otherwise expressly specified herein. 

Section 2.7    “Base Price” shall have the meaning set forth in Section 2.54. 

Section 2.8    “Board” shall mean the Board of Directors of the Company. 

Section 2.9    “Cause” with respect to any Participant, shall have the meaning set forth in an
applicable Award Agreement. 
 Section 2.10    “CD&R Investors” means any of
(i) CD&R Vector Holdings, L.P., (ii) any Affiliate of the foregoing that acquires Company Common Stock, and (iii) any successor in interest to any of the foregoing. 

Section 2.11    “Change in Control” shall mean the first to occur of any of the following events
after the Effective Date: 
 (a)    any transaction, whether by way of sales of capital stock, merger,
consolidation or otherwise, that results in the direct or indirect beneficial ownership by any person, entity or “group” (as defined in Section 13(d) of the Exchange Act), excluding the Company, any of its Subsidiaries, any employee
benefit plan of the Company or any of its Subsidiaries, and the CD&R Investors (and any “group” that includes any of the CD&R Investors and any member of such group, if the non-Investor
members of such group do not by themselves, directly or indirectly, own more than 50% of the Company’s then outstanding voting securities), or any Affiliates of any of the foregoing, of more than 50% of the combined voting power of the
Company’s (or, if applicable, the surviving company after such a merger) then outstanding voting securities; 

(b)    within any 12-month period, the persons who were members of
the Board at the beginning of such period (the “Incumbent Directors”) shall cease to constitute at least a majority of the Board, provided that any director elected or nominated for election

  
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to the Board by any Investor or a majority of the Incumbent Directors then still in office shall be deemed to be an Incumbent Director for purposes of this clause (b); or 

(c)    the sale, transfer or other disposition of all or substantially all of the assets of the Company to
one or more Persons that are not any of the CD&R Investors and are not, immediately prior to such sale, transfer or other disposition, Affiliates of the Company; 

in each case, provided that, as to Awards subject to Section 409A of the Code, such event also constitutes a “change in control” within
the meaning of Section 409A of the Code. In addition, notwithstanding the foregoing, (i) a “Change in Control” shall not be deemed to occur if the Company files for bankruptcy, liquidation or reorganization under the
United States Bankruptcy Code or as a result of any restructuring that occurs as a result of any such proceeding and (ii) a Public Offering shall not constitute a Change in Control. 

Section 2.12    “Change in Control Price” shall mean the price per share of Company Common Stock
paid in conjunction with any transaction resulting in a Change in Control. If any part of the price is payable other than in cash, the value of the non-cash portion of the Change in Control Price shall be
determined in good faith by the Administrator as constituted immediately prior to the Change in Control. 

Section 2.13    “Code” shall mean the Internal Revenue Code of 1986, as amended. 

Section 2.14    “Company” shall have the meaning set forth in Article I and shall include any
successor thereto. 
 Section 2.15    “Company Common Stock” shall mean the common stock, par
value $0.01 per share, of the Company and such other stock or securities into which such common stock is hereafter converted or for which such common stock is exchanged. 

Section 2.16    “Competitive Activity” with respect to a Participant means the Administrator’s
determination, made reasonably and in good faith, that the Participant, directly or indirectly, has engaged in a material breach of any agreement to which the Participant and the Company or any of its Affiliates are parties (including, but not
limited to, any Award Agreement) that prohibits or otherwise limits or conditions actions of the Participant related to competition; interference with key business relationships; solicitation of employees or physician practices, physicians, health
plans or payors; disclosure of confidential information; ownership of intellectual property; disparagement; and other similar activities. 

Section 2.17    “Consultant” shall mean any natural person who is engaged by the Company or any of
the Subsidiaries to render consulting or advisory services to such entity. 
 Section 2.18    “Corporate
Event” shall mean, as determined by the Administrator in its sole discretion, any transaction or event described in Section 4.3(a) or any unusual or nonrecurring transaction or event affecting the Company, any Subsidiary, or the
financial statements of the Company or any of its Subsidiaries, or changes in Applicable Laws or accounting principles (including, without limitation, a recapitalization of the Company). 

  
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 Section 2.19    “Deferred Share Unit” shall mean a
unit credited to a Participant’s account in the books of the Company under Article X, which represents the right to receive one Share of Company Common Stock or cash equal to the Fair Market Value thereof on settlement of the account. 

Section 2.20    “Director” shall mean a member of the Board or a member of the board of directors of
any Subsidiary. 
 Section 2.21    “Disability” shall mean (x) for Awards that are not
subject to Section 409A of the Code, “disability” as such term is defined in the long-term disability insurance plan or program of the Company or any Subsidiary then covering the Participant or, in the absence of such a plan or
program, as determined by the Administrator, provided, that, with respect to Awards that are not subject to Section 409A, in the case of any Participant who, as of the date of determination, is a party to an effective employment, severance,
consulting or other services agreement with the Company or any Subsidiary that employs such Participant, “Disability” shall have the meaning, if any, specified in such agreement, and (y) for Awards that are subject to
Section 409A of the Code, “disability” shall have the meaning set forth in Section 409A(a)(2)(c) of the Code. 

Section 2.22    “Dividend Equivalent” shall mean the right to receive payments, in cash or in
Shares, based on dividends paid with respect to Shares. 
 Section 2.23    “Effective Date” shall
have the meaning set forth in Section 15.7. 
 Section 2.24    “Eligible Representative” for
a Participant shall mean such Participant’s personal representative or such other person as is empowered under the deceased Participant’s will or trust or the then applicable laws of descent and distribution to represent the Participant
hereunder. 
 Section 2.25    “Employee” shall mean any individual classified as an employee by
the Company or one of its Subsidiaries, whether such employee is so employed at the time this Plan is adopted or becomes so employed subsequent to the adoption of this Plan, including any person to whom an offer of employment has been extended
(except that any Award granted to such person shall be conditioned on his or her commencement of service). A person shall not cease to be an Employee in the case of (a) any leave of absence approved by the Company or
(b) transfers between locations of the Company or between the Company, any of its Subsidiaries, or any successor to the foregoing. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless
reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, the employment relationship shall be deemed to have terminated on
the first day immediately following such three (3)-month period, and such Incentive Stock Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a
Non-Qualified Stock Option on the first (1st) day immediately following a three (3)-month period from the date the employment relationship is deemed terminated. 

Section 2.26    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

  
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 Section 2.27    “Executive Officer” shall mean
each person who is an officer of the Company or any Subsidiary and who is subject to the reporting requirements under Section 16(a) of the Exchange Act. 

Section 2.28    “Fair Market Value” of a Share as of any date of determination shall be, unless
otherwise determined by the Administrator: 
 (a)    If the Company Common Stock is listed on any
established stock exchange or a national market system, then the closing price on such date per Share as reported on such stock exchange or system shall be the Fair Market Value for the date of determination; 

(b)    If there are no transactions in the Company Common Stock that are available to the Company on any
date of determination pursuant to clause (a) but transactions are available to the Company as of the immediately preceding trading date, then the Fair Market Value determined as of the immediately preceding trading date shall be the Fair Market
Value for the date of determination; or 
 (c)    If neither clause (a) nor clause (b) shall
apply on any date of determination, then the Fair Market Value shall be determined in good faith by the Administrator with reference to (x) the most recent valuation of the Company Common Stock performed by an independent valuation
consultant or appraiser of nationally recognized standing selected by the Administrator, if any, (y) sales prices of securities issued to investors in any recent arm’s length transactions, and (z) any other factors
determined to be relevant by the Administrator. 
 Section 2.29    “FICA” shall have the meaning
set forth in Section 15.11. 
 Section 2.30    “Good Reason” with respect to any Participant,
has the meaning, if any, set forth in an applicable Award Agreement (or, if there is no such definition in the Participant’s Award Agreement, this term shall not apply to the Participant). 

Section 2.31    “Incentive Stock Option” shall mean an Option which qualifies under Section 422
of the Code and is expressly designated as an Incentive Stock Option in the Award Agreement. 

Section 2.32    “Incumbent Directors” shall have the meaning set forth in the definition of
“Change in Control.” 
 Section 2.33    “Non-Qualified
Stock Option” shall mean an Option that is not an Incentive Stock Option. 

Section 2.34    “Option” shall mean an option to purchase Company Common Stock granted under the
Plan. The term “Option” includes both an Incentive Stock Option and a Non-Qualified Stock Option. 

Section 2.35    “Option Price” shall have the meaning set forth in Section 6.3. 

  
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 Section 2.36    “Optionee” shall mean a
Participant to whom an Option or SAR is granted under the Plan. 
 Section 2.37    “Participant”
shall mean any Service Provider who has been granted an Award pursuant to the Plan. 

Section 2.38    “Performance Award” shall mean Performance Shares, Performance Units and all other
Awards that vest (in whole or in part) upon the achievement of specified Performance Goals. 

Section 2.39    “Performance Cycle” shall mean the period of time selected by the Administrator
during which performance is measured for the purpose of determining the extent to which a Performance Award has been earned or vested. 

Section 2.40    “Performance Goals” means the objectives established by the Administrator for a
Performance Cycle pursuant to Section 9.5 for the purpose of determining the extent to which a Performance Award has been earned or vested. 

Section 2.41    “Performance Share” means an Award granted pursuant to Article IX of the Plan of a
contractual right to receive a Share (or the cash equivalent thereof) upon the achievement, in whole or in part, of the applicable Performance Goals. 

Section 2.42    “Performance Unit” means a U.S. Dollar-denominated unit (or a unit denominated
in the Participant’s local currency) granted pursuant to Article IX of the Plan, payable upon the achievement, in whole or in part, of the applicable Performance Goals. 

Section 2.43    “Person” shall mean an individual, partnership, corporation, limited liability
company, business trust, joint stock company, trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature. 

Section 2.44    “Plan” shall have the meaning set forth in Article I. 

Section 2.45    “Public Offering” shall mean the first day as of which (i) sales of
Company Common Stock are made to the public in the United States pursuant to an underwritten public offering of the Company Common Stock led by one or more underwriters at least one of which is an underwriter of nationally recognized standing or
(ii) the Administrator has determined that the Company Common Stock otherwise has become publicly traded for this purpose. 

Section 2.46    “Replacement Awards” shall mean Shares or Awards, issued in assumption of, or in
substitution for, any outstanding awards of any entity acquired in any form or combination by the Company or any of the Subsidiaries as reasonably determined by the Administrator. 

Section 2.47    “Restricted Stock” shall mean an Award granted pursuant to Section 8.1. 

Section 2.48    “Restricted Stock Unit” shall mean an Award granted pursuant to Section 8.2.

  
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 Section 2.49    “Retirement” shall mean,
(i) with respect to a Participant that is an Employee, such Employee’s resignation after reaching the age of at least 65, together with the minimum service period, if any, required by the Administrator, or as otherwise determined by the
Administrator, or (ii) with respect to a Participant that is a Consultant or Director, as determined by the Administrator. 

Section 2.50    “Securities Act” shall mean the Securities Act of 1933, as amended. 

Section 2.51    “Service Provider” shall mean an Employee, Consultant or Director. 

Section 2.52    “Share” shall mean a share of Company Common Stock. 

Section 2.53    “Special Termination” shall mean a termination by reason of the Participant’s
death or Disability. 
 Section 2.54    “Stock Appreciation Right” or “SAR” shall mean
the right to receive a payment from the Company in cash and/or Shares equal to the product of (i) the excess, if any, of the Fair Market Value of one Share on the exercise date over a specified price (the “Base Price”) fixed by
the Administrator (which specified price shall not be less than the Fair Market Value of one Share on the grant date), multiplied by (ii) a stated number of Shares. 

Section 2.55    “Stock-Based Award” shall have the meaning set forth in Article XI. 

Section 2.56    “Stock Incentive Plan” shall have the meaning set forth in Article I. 

Section 2.57    “Stock Purchase Right” shall mean an Award granted pursuant to Section 5.4.

 Section 2.58    “Subsidiary” shall mean any entity that is directly or indirectly controlled by
the Company or any entity in which the Company directly or indirectly controls at least a 50% equity interest, provided that, to the extent required under Section 422 of the Code when granting an Incentive Stock Option, Subsidiary shall
mean any corporation in an unbroken chain of corporations beginning with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all
classes of stock in one of the other corporations in such chain. 
 Section 2.59    “Termination of
employment,” “termination of service” and any similar term or terms shall mean, with respect to an Employee, the date the Participant ceases to be an Employee (determined without regard to any statutory or deemed or express
contractual notice period); with respect to a Director who is not an Employee of the Company or any of its Subsidiaries, the date upon which such Director ceases to be a member of the Board; and, with respect to a Consultant who is not an Employee
of the Company or any of its Subsidiaries, the date upon which such Consultant ceases to provide consulting or advisory services to the Company or any of its Subsidiaries; provided that with respect to any Award subject to Section 409A
of the Code, such terms shall mean “separation from service,” as defined in Section 409A of the Code and the rules, regulations and guidance promulgated thereunder. 

  
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 Section 2.60    “Withholding Taxes” shall mean the
federal, state, local or foreign income taxes, withholding taxes or employment taxes required to be withheld under Applicable Law, which shall be at a rate determined by the Company that is permitted under applicable IRS withholding rules and that
does not to cause adverse accounting consequences. 
 ARTICLE III 

ADMINISTRATION 

Section 3.1    Administrator. The Plan shall be administered by the Board or a committee appointed by the
Board. 
 Section 3.2    Powers of the Administrator. Subject to the provisions of the Plan, the
Administrator shall have the authority to do the following: 
 (a)    determine the Fair Market Value;

 (b)    determine the type or types of Awards to be granted to each Participant; 

(c)    select the Service Providers to whom Awards may from time to time be granted hereunder; 

(d)    determine the number of Awards to be granted and the number of Shares to which an Award will relate;

 (e)    approve forms of Award Agreements for use under the Plan, which need not be identical for each
Service Provider; 
 (f)    determine the terms and conditions of any Awards granted hereunder
(including, without limitation, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions and any restriction or limitation
regarding any Awards or the Company Common Stock relating thereto) based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

(g)    determine all matters and questions related to the termination of service of a Service Provider with
respect to any Award, including, but not by way of limitation of, all questions of whether a particular Service Provider has taken a leave of absence, all questions of whether a leave of absence taken by a particular Service Provider constitutes a
termination of service, and all questions of whether a termination of service of a particular Service Provider was for Cause; 

(h)    prescribe, amend and rescind rules and regulations relating to the Plan; 

(i)    determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or
the exercise or purchase price of an Award may be paid in, cash, Company Common Stock, other Awards, or other property, or an Award may be canceled, forfeited or surrendered; 

  
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 (j)    suspend or accelerate the vesting of any Award or
waive the forfeiture restrictions or any other restriction or limitation regarding any Awards or the Company Common Stock relating thereto; 

(k)    construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; 

(l)    interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any
omission in the Plan and any instrument or agreement relating to, or Award granted under, the Plan; 

(m)    authorize any person to execute, on behalf of the Company, any instrument required to carry out the
purposes of the Plan; and 
 (n)    make all other decisions and determinations that may be required
pursuant to the Plan or as the Administrator deems necessary or advisable to administer the Plan. 
 Any determination made by the Administrator under the
Plan, including, without limitation, under Section 4.3, shall be final, binding and conclusive on all Participants and other persons having or claiming any right or interest under the Plan. 

Section 3.3    Delegation by the Administrator. The Administrator may delegate, subject to such terms or
conditions or guidelines as the Board or Administrator shall determine (in the case of a committee acting as the Administrator, to the extent of its authority under the committee’s charter or as otherwise approved by the Board), to any officer
or group of officers, or Director or group of Directors of the Company or its Affiliates any portion of the Administrator’s authority and powers under the Plan with respect to Participants who are not the Chief Executive Officer, Executive
Officers or non-employee directors of the Board; provided that any delegation to one or more officers of the Company shall be subject to and comply with Section 157(c) of the Delaware General
Corporation Law (or successor provision). In addition, with respect to any Award intended to qualify for the exemption contained in Rule 16b-3 promulgated under the Exchange Act, it is intended that such Award
be granted by a committee consisting of solely two or more “non-employee directors” within the meaning of such rule, or, in the alternative, the entire Board. 

Section 3.4    Professional Assistance, Good Faith Actions. The Administrator may, in its discretion, elect to
engage the services of attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and Directors shall be entitled to rely upon the advice, opinions or valuations of any such persons.
All actions taken and all interpretations, decisions and determinations made by the Administrator, in good faith shall be final and binding upon all Participants, the Company and all other interested persons. The Administrator’s determinations
under the Plan need not be uniform and may be made by the Administrator selectively among persons who receive, or are eligible to receive, Awards under the Plan, whether or not such persons are similarly situated. The Administrator (and its members)
shall not be personally liable for any action, determination or interpretation made with respect to the Plan or the Awards, and the Administrator (and its members) shall be fully indemnified by the Company with respect to any such action,
determination or interpretation. 

  
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 ARTICLE IV 

SHARES SUBJECT TO PLAN 

Section 4.1    Shares Subject to Plan. 

(a)    Subject to Section 4.3, the aggregate number of Shares which may be issued under this Plan is
[●],1 all of which may be issued in the form of Incentive Stock Options under the Plan. During the term of the Plan (excluding extensions), the share reserve will automatically increase on
the first trading day in January of each calendar year, beginning in calendar year 2022, by an amount equal to 5% of the total number of outstanding shares of common stock on the last trading day in December of the immediately prior calendar year or
such lesser amount as determined by the Administrator. The Shares issued under the Plan may be authorized but unissued, or reacquired Company Common Stock. No provision of this Plan shall be construed to require the Company to maintain the Shares in
certificated form. 
 (b)    Upon the grant of an Award, the maximum number of Shares set forth in
Section 4.1(a) shall be reduced by the maximum number of Shares that are issued or may be issued pursuant to such Award. Upon the exercise, settlement or conversion of any Award or portion thereof, there shall again be available for grant under
the Plan the number of Shares subject to such Award or portion thereof minus the actual number of Shares issued in connection with such exercise, settlement or conversion. If any such Award or portion thereof is for any reason forfeited, canceled,
expired or otherwise terminated without the issuance of Shares, the Shares subject to such forfeited, canceled, expired or otherwise terminated Award or portion thereof shall again be available for grant under the Plan. If Shares are withheld from
issuance with respect to an Award by the Company in satisfaction of any tax withholding or similar obligations, such withheld Shares shall again be available for grant under the Plan. Awards which the Administrator reasonably determines will be
settled in cash shall not reduce the Plan maximum set forth in Section 4.1(a). Notwithstanding the foregoing, and except to the extent required by Applicable Law, Replacement Awards shall not be counted against Shares available for grant
pursuant to this Plan. If any award issued under the Stock Incentive Plan or any portion thereof is for any reason forfeited, canceled, expired or otherwise terminated without the issuance of Shares, the Shares subject to such forfeited, canceled,
expired or otherwise terminated award under the Stock Incentive Plan or portion thereof shall again be available for grant under the Plan. Upon the exercise, settlement or conversion of any award under the Stock Incentive Plan or portion thereof,
there shall again be available for grant under the Plan the number of Shares subject to such award or portion thereof minus the actual number of Shares issued in connection with such exercise, settlement or conversion. 

 

	1 	 Note to Draft: Pool to equal 5% of total shares plus the unallocated portion remaining under the
existing equity incentive plan (approximately 2%). 

  
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 Section 4.2    Limitation on
Non-Employee Director Awards. Subject to Section 4.1(a) and Section 4.3, the maximum grant date value of Awards granted to a non-employee Director, and the
maximum amount of cash paid to such Director, shall not exceed (i) in the case of such non-employee Director who is serving as the chairman of the Board, $700,000 and (ii) in the case of any other
such Director, $600,000, in each case, in any calendar year in respect of such Director’s service to the Company as a non-employee Director. 

Section 4.3    Changes in Company Common Stock; Disposition of Assets and Corporate Events. 

(a)    If and to the extent necessary or appropriate to reflect any stock dividend, extraordinary dividend,
stock split or share combination or any recapitalization, merger, consolidation, exchange of shares, spin-off, liquidation or dissolution of the Company or other similar transaction affecting the Company
Common Stock or other Corporate Event, the Administrator shall adjust the number of shares of Company Common Stock available for issuance under the Plan and the number, class and Option Price (if applicable) or Base Price (if applicable) of any
outstanding Award, and/or make such substitution, revision or other provisions or take such other actions with respect to any outstanding Award or the holder or holders thereof, in each case as it determines to be equitable. Without limiting the
generality of the foregoing sentence, in the event of any Corporate Event, the Administrator shall have the power to make such changes as it deems appropriate in (i) the number and type of shares or other securities covered by
outstanding Awards, (ii) the prices specified therein (if applicable), (iii) the securities, cash or other property to be received upon the exercise, settlement or conversion of such outstanding Awards or otherwise to be
received in connection with such outstanding Awards, and (iv) and any applicable Performance Goals. After any adjustment made by the Administrator pursuant to this Section 4.3, the number of shares subject to each outstanding Award
shall be rounded down to the nearest whole number. 
 (b)    Any adjustment of an Award pursuant to this
Section 4.3 shall be effected in compliance with Section 422 and 409A of the Code to the extent applicable. 

Section 4.4    Award Agreement Provisions. The Administrator may include such further provisions and
limitations in any Award Agreement as it may deem equitable and in the best interests of the Company and its Subsidiaries. 

Section 4.5    Prohibition Against Repricing. Except to the extent (i) approved in advance by
holders of a majority of the Shares entitled to vote generally in the election of directors or (ii) pursuant to Section 4.3 as a result of any Corporate Event, the Administrator shall not have the power or authority to reduce,
whether through amendment or otherwise, the exercise price of any outstanding Option or Base Price of any outstanding SAR or to grant any new Award, or make any cash payment, in substitution for or upon the cancellation of Options or SARs previously
granted. 

  
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 ARTICLE V 

GRANTING OF OPTIONS AND SARS 

AND SALE OF COMPANY COMMON STOCK 

Section 5.1    Eligibility. Non-Qualified Stock Options and SARs may
be granted to Service Providers. Subject to Section 5.2, Incentive Stock Options may only be granted to Employees. 

Section 5.2    Qualification of Incentive Stock Options. No Employee may be granted an Incentive Stock Option
under the Plan if such Employee, at the time the Incentive Stock Option is granted, owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any then existing Subsidiary or “parent
corporation” (within the meaning of Section 424(e) of the Code) unless such Incentive Stock Option conforms to the applicable provisions of Section 422 of the Code. 

Section 5.3    Granting of Options and SARs to Service Providers. 

(a)    Options and SARs. The Administrator may from time to time: 

(i)    Select from among the Service Providers (including those to whom Options or SARs have been
previously granted under the Plan) such of them as in its opinion should be granted Options and/or SARs; 

(ii)    Determine the number of Shares to be subject to such Options and/or SARs granted to such Service
Provider, and determine whether such Options are to be Incentive Stock Options or Non-Qualified Stock Options; and 

(iii)    Determine the terms and conditions of such Options and SARs, consistent with the Plan. 

(b)    SARs may be granted in tandem with Options or may be granted on a freestanding basis, not related to
any Option. Unless otherwise determined by the Administrator at the grant date or determined thereafter in a manner more favorable to the Participant, SARs granted in tandem with Options shall have substantially similar terms and conditions to such
Options to the extent applicable, or may be granted on a freestanding basis, not related to any Option. 

(c)    Upon the selection of a Service Provider to be granted an Option or SAR under this Section 5.3,
the Administrator shall issue, or shall instruct an authorized officer to issue, such Option or SAR and may impose such conditions on the grant of such Option or SAR as it deems appropriate. Subject to Section 15.2 of the Plan, any Incentive
Stock Option granted under the Plan may be modified by the Administrator, without the consent of the Optionee, even if such modification would result in the disqualification of such Option as an “incentive stock option” under
Section 422 of the Code. 

  
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 Section 5.4    Sale of Company Common Stock to Service
Providers. The Administrator, acting in its sole discretion, may from time to time designate one or more Service Providers to whom an offer to sell Shares shall be made and the terms and conditions thereof, provided, however, that
the price per Share shall not be less than the Fair Market Value of such Shares on the date any such offer is accepted. Each Share sold to a Service Provider under this Section 5.4 shall be evidenced by such agreements as shall be approved by
the Administrator, which shall contain terms consistent with the terms hereof. Any Shares sold under this Section 5.4 shall be subject to the same limitations, restrictions and administration hereunder as would apply to any Shares issued
pursuant to the exercise of an Option under this Plan including, without limitation, conditions and restrictions set forth in Section 7.6. 

ARTICLE VI 
 TERMS OF OPTIONS
AND SARS 
 Section 6.1    Award Agreement. Each Option and each SAR shall be evidenced by an Award
Agreement, which shall be accepted and acknowledged by the Optionee, including by electronic means, and which shall contain such terms and conditions as the Administrator shall determine, consistent with the Plan. Award Agreements evidencing
Incentive Stock Options shall contain such terms and conditions as may be necessary to qualify such Options as “incentive stock options” under Section 422 of the Code. 

Section 6.2    Exercisability and Vesting of Options and SARs. 

(a)    Each Option and SAR shall vest and become exercisable according to the terms of the applicable Award
Agreement; provided, however, that by a resolution adopted after an Option or SAR is granted the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the time at which such Option or SAR or
any portion thereof may be exercised. 
 (b)    Except as otherwise provided by the Administrator or in
the applicable Award Agreement, no portion of an Option or SAR which is unexercisable on the date that an Optionee incurs a termination of service as a Service Provider shall thereafter become exercisable. 

(c)    The aggregate Fair Market Value (determined as of the time the Option is granted) of all Shares with
respect to which Incentive Stock Options are first exercisable by a Service Provider in any calendar year may not exceed U.S. $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent
that Incentive Stock Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Stock Options. 

(d)    SARs granted in tandem with an Option shall become vested and exercisable on the same date or dates
as the Options with which such SARs are associated vest and become exercisable. SARs that are granted in tandem with an Option may only be exercised upon the surrender of the right to exercise such Option for an equivalent number of Shares, and may
be exercised only with respect to the Shares for which the related Option is then exercisable. 

  
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 Section 6.3    Option Price and Base Price. Excluding
Replacement Awards, the per Share purchase price of the Shares subject to each Option (the “Option Price”) and the Base Price of each SAR shall be set by the Administrator and shall be not less than 100% of the Fair Market Value of
such Shares on the date such Option or SAR is granted. 
 Section 6.4    Expiration of Options and SARs. No
Option or SAR may be exercised after the first to occur of the following events: 
 (a)    The expiration
of ten (10) years from the date the Option or SAR was granted; or 
 (b)    With respect to an
Incentive Stock Option, in the case of an Optionee owning (within the meaning of Section 424(d) of the Code), at the time the Incentive Stock Option was granted, more than 10% of the total combined voting power of all classes of stock of the
Company or any Subsidiary, the expiration of five (5) years from the date the Incentive Stock Option was granted. 
 ARTICLE VII 

EXERCISE OF OPTIONS AND SARS 

Section 7.1    Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may
exercise an Option or SAR (or any portion thereof) granted to him or her; provided, however, that the Optionee’s Eligible Representative may exercise his or her Option or SAR or portion thereof during the period of the
Optionee’s Disability. After the death of the Optionee, any exercisable portion of an Option or SAR may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Award Agreement, be exercised by his or her
Eligible Representative. 
 Section 7.2    Partial Exercise. At any time and from time to time prior to the
date on which the Option or SAR becomes unexercisable under the Plan or the applicable Award Agreement, the exercisable portion of an Option or SAR may be exercised in whole or in part; provided, however, that the Company shall not be
required to issue fractional Shares and the Administrator may, by the terms of the Option or SAR, require any partial exercise to exceed a specified minimum number of Shares. 

Section 7.3    Manner of Exercise. Subject to any generally applicable conditions or procedures that may be
imposed by the Administrator, an exercisable Option or SAR, or any exercisable portion thereof, may be exercised solely by delivery to the Administrator or its designee of all of the following prior to the time when such Option or SAR or such
portion becomes unexercisable under the Plan or the applicable Award Agreement: 
 (a)    Notice in
writing delivered by the Optionee or his or her Eligible Representative, stating that such Option or SAR or portion is being exercised, and specifically stating the number of Shares with respect to which the Option or SAR is being exercised (which
form of notice shall be provided by the Administrator upon request and may be electronic); 

  
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 (b)    A copy of any agreements or other documentation
required by the Company at the time of exercise; 
 (c)    (i) With respect to the exercise of any
Option, full payment (in cash (through wire transfer only) or by personal, certified, or bank cashier check) of the aggregate Option Price of the Shares with respect to which such Option (or portion thereof) is thereby exercised;
(ii) with the consent of the Administrator, (A) Shares owned by the Optionee duly endorsed for transfer to the Company or (B) Shares issuable to the Optionee upon exercise of the Option, with a Fair Market Value
on the date of Option exercise equal to the aggregate Option Price of the Shares with respect to which such Option (or portion thereof) is thereby exercised; or (iii) unless otherwise determined by the Administrator, payment of the
Option Price and applicable Withholding Taxes through a broker-assisted cashless exercise program established by the Company; or (iv) with the consent of the Administrator, any form of payment of the Option Price permitted by Applicable
Laws and any combination of the foregoing methods of payment; and 
 (d)    In the event that the Option
or SAR or portion thereof shall be exercised as permitted under Section 7.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the Option or SAR or portion thereof. 

Section 7.4    Optionee Representations. The Company, in its sole discretion, may require an Optionee to make
certain representations or acknowledgements, on or prior to the purchase of any Shares pursuant to any Option or SAR granted under this Plan, in respect thereof including, without limitation, that the Optionee is acquiring the Shares for an
investment purpose and not for resale, and, if the Optionee is an Affiliate, additional acknowledgements regarding when and to what extent any transfers of such Shares may occur. 

Section 7.5    Settlement of SARs. Unless otherwise determined by the Administrator, upon exercise of a SAR,
the Participant shall be entitled to receive payment in the form, determined by the Administrator, of Shares, or cash, or a combination of Shares and cash having an aggregate value equal to the amount determined by multiplying: 

(a)    any increase in the Fair Market Value of one Share on the exercise date over the Base Price of such
SAR, by 
 (b)    the number of Shares with respect to which such SAR is exercised; 

provided, however, that on the grant date, the Administrator may establish, in its sole discretion, a maximum amount per Share that may be
payable upon exercise of a SAR, and provided, further, that in no event shall the value of the Company Common Stock or cash delivered on exercise of a SAR exceed the excess of the Fair Market Value of the Shares with respect to which
the SAR is exercised over the Fair Market Value of such Shares on the grant date of such SAR. 

Section 7.6    Conditions to Issuance of Shares. The Company shall evidence the issuance of Shares delivered
upon exercise of an Option or SAR in the books and records of the Company or in a manner determined by the Company. The Administrator shall not have any liability to any Optionee for any delay in the delivery of Shares to be issued upon an
Optionee’s exercise of an Option or SAR. 

  
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 Section 7.7    Rights as Stockholders. The holder of an
Option or SAR shall not be, nor have any of the rights or privileges of, a stockholder of the Company in respect of any Shares purchasable upon the exercise of any part of an Option or SAR unless and until the Shares attributable to the exercise of
the Option or SAR have been issued by the Company to such holder. 
 Section 7.8    Transfer Restrictions.
The Administrator, in its sole discretion, may set forth in an Award Agreement or in such other agreements to be entered into at the time of exercise, such further restrictions on the transferability of the Shares purchasable upon the exercise of an
Option or SAR as it deems appropriate. Any such restriction may be referred to in the Share register maintained by the Company or otherwise in a manner reflecting its applicability to the Shares. An Employee must give the Company prompt notice of
any disposition of Shares acquired by exercise of an Incentive Stock Option, within two (2) years from the date of granting such Option or one (1) year after the transfer of such Shares to such Employee. 

ARTICLE VIII 
 RESTRICTED STOCK
AWARDS AND RESTRICTED STOCK UNIT AWARDS 
 Section 8.1    Restricted Stock. 

(a)    Grant of Restricted Stock. The Administrator is authorized to make Awards of Restricted Stock
to any Service Provider selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. All Awards of Restricted Stock shall be evidenced by an Award Agreement. 

(b)    Issuance and Restrictions. Restricted Stock shall be subject to such restrictions on
transferability and other restrictions as the Administrator may impose. These restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Administrator determines at
the time of the grant of the Award or thereafter. 
 (c)    Issuance of Restricted Stock. The
issuance of Restricted Stock granted pursuant to the Plan may be evidenced in such manner as the Administrator shall determine. 

Section 8.2    Restricted Stock Units. The Administrator is authorized to make Awards of Restricted Stock
Units to any Service Provider selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. At the time of grant, the Administrator shall specify the date or dates on which the Restricted
Stock Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate. At the time of grant, the Administrator shall specify the settlement date applicable to each grant of Restricted Stock
Units. Unless otherwise provided in an Award Agreement, on the settlement date, the Company shall, subject to the terms of this Plan (including satisfaction of 

  
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applicable Withholding Taxes), transfer to the Participant one Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited. The Administrator shall
specify the purchase price, if any, to be paid by the grantee to the Company for such Shares. 

Section 8.3    Rights as a Stockholder. A Participant shall not be, nor have any of the rights or privileges
of, a stockholder in respect of Restricted Stock Units awarded pursuant to the Plan unless and until the Shares attributable to such Restricted Stock Units have been issued to such Participant. 

ARTICLE IX 
 PERFORMANCE SHARES
AND PERFORMANCE UNITS 
 Section 9.1    Grant of Performance Awards. The Administrator is authorized to
make Awards of Performance Shares and Performance Units to any Participant selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. All Performance Shares and Performance Units shall
be evidenced by an Award Agreement. 
 Section 9.2    Issuance and Restrictions. The Administrator shall
have the authority to determine the Participants who shall receive Performance Shares and Performance Units, the number of Performance Shares and the number and value of Performance Units each Participant receives for any Performance Cycle, and the
Performance Goals applicable in respect of such Performance Shares and Performance Units for each Performance Cycle. The Administrator shall determine the duration of each Performance Cycle (and the duration of Performance Cycles may differ from one
another), and there may be more than one Performance Cycle in existence at any one time. An Award Agreement evidencing the grant of Performance Shares or Performance Units shall specify the number of Performance Shares and the number and value of
Performance Units awarded to the Participant, the Performance Goals applicable thereto, and such other terms and conditions not inconsistent with the Plan as the Administrator shall determine. No Company Common Stock will be issued at the time an
Award of Performance Shares is made, and the Company shall not be required to set aside a fund for the payment of Performance Shares or Performance Units. 

Section 9.3    Earned Performance Shares and Performance Units. Performance Shares and Performance Units shall
become earned, in whole or in part, based upon the attainment of specified Performance Goals or the occurrence of any event or events, as the Administrator shall determine, either in an Award Agreement or thereafter on terms more favorable to the
Participant. In addition to the achievement of the specified Performance Goals, the Administrator may condition payment of Performance Shares and Performance Units on such other conditions as the Administrator shall specify in an Award Agreement.
The Administrator may also provide in an Award Agreement for the completion of a minimum period of service (in addition to the achievement of any applicable Performance Goals) as a condition to the vesting of any Performance Share or Performance
Unit Award. 
 Section 9.4    Rights as a Stockholder. A Participant shall not have any rights as a
stockholder in respect of Performance Shares or Performance Units awarded pursuant to the Plan 

  
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(including, without limitation, the right to vote on any matter submitted to the Company’s stockholders) until such time as the Shares attributable to such Performance Shares or Performance
Units have been issued to such Participant or his or her beneficiary. 
 Section 9.5    Performance Goals.
The Administrator shall establish in the Award Agreement or otherwise the Performance Goals that must be satisfied in order for a Participant to receive an Award for a Performance Period or for an Award of Performance Shares or Performance Units to
be earned or vested. The Administrator may provide for a threshold level of performance below which no amount of compensation will be paid and a maximum level of performance above which no additional amount of compensation will be paid under the
Plan, and it may provide for the payment of differing amounts of compensation for different levels of performance. Performance Goals may be established on a Company-wide basis, with respect to one or more business units, divisions, Subsidiaries or
products or based on individual performance measures, and may be expressed in absolute terms or relative to other metrics including internal targets or budgets, past performance of the Company, the performance of one or more similarly situated
companies, performance of an index, outstanding equity or other external measures. In the case of earning-based measures, Performance Goals may include comparisons relating to capital (including but limited to, the cost of capital),
shareholders’ equity, shares outstanding, assets or net assets, or any combination thereof. Performance Goals may also be subject to such other terms and conditions as the Administrator may determine appropriate. The Administrator may also
adjust the Performance Goals for any Performance Cycle as it deems equitable in recognition of unusual or nonrecurring events affecting the Company, changes in applicable tax laws or accounting principles or such other events, changes or factors as
the Administrator may determine. 
 Section 9.6    Determination of Attainment of Performance Goals. As soon
as practicable following the end of a Performance Cycle and prior to any payment or vesting in respect of such Performance Cycle, the Administrator shall determine the number of Performance Shares, other Performance Awards, the number and value of
Performance Units or the amount of any cash entitlement, as applicable that has been earned or vested. Notwithstanding anything in this Article IX to the contrary, the Administrator shall have the right, in its absolute discretion,
(i) to reduce or eliminate the amount otherwise payable to any Participant based on individual performance or any other factors that the Administrator, in its discretion, shall deem appropriate and (ii) to establish rules or
procedures that have the effect of limiting the amount payable to each Participant to an amount that is less than the maximum amount otherwise authorized under the Award or under the Plan. 

Section 9.7    Newly Eligible Participants. Notwithstanding anything in this Article IX to the contrary, the
Administrator shall be entitled to make such rules, determinations and adjustments as it deems appropriate with respect to any Participant who becomes eligible to receive Performance Shares, Performance Units or other Performance Awards after the
commencement of a Performance Cycle. 

  
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 ARTICLE X 

DEFERRED SHARE UNITS 

Section 10.1    Grant. Subject to Article III, the Administrator is authorized to make awards of Deferred
Share Units to any Participant selected by the Administrator at such time or times as shall be determined by the Administrator without regard to any election by the Participant to defer receipt of any compensation or bonus amount payable to him. The
grant date of any Deferred Share Unit under the Plan will be the date on which such Deferred Share Unit is awarded by the Administrator or on such other future date as the Administrator shall determine in its sole discretion. Upon the grant of
Deferred Share Units pursuant to the Plan, the Company shall establish a notional account for the Participant and will record in such account the number of Deferred Share Units awarded to the Participant. No Shares will be issued to the Participant
at the time an award of Deferred Share Units is granted. Subject to Article III and Applicable Law (including Section 409A of the Code), Deferred Share Units may become payable on a Corporate Event, termination of employment or on a specified
date or dates set forth in the Award Agreement evidencing such Deferred Share Units. 
 Section 10.2    Rights
as a Stockholder. A Participant shall not be, nor have any of the rights and privileges of, a stockholder of the Company in respect of Deferred Share Units awarded pursuant to the Plan unless and until such time as the Shares attributable to
such Deferred Share Units have been issued to such Participant. 
 Section 10.3    Vesting. Unless the
Administrator provides otherwise at the grant date or provides thereafter in a manner more favorable to the Participant, Deferred Share Units shall be fully vested and nonforfeitable when granted. 

Section 10.4    Settlement. Subject to this Article X, upon the date specified in the Award Agreement
evidencing the Deferred Share Units, for each such Deferred Share Unit the Participant shall receive, as specified in the Award Agreement (and subject to satisfaction of applicable Withholding Taxes), (i) a cash payment equal to the Fair
Market Value of one (1) Share as of such payment date, (ii) one (1) Share or (iii) any combination of clauses (i) and (ii). 

ARTICLE XI 
 OTHER STOCK-BASED
AWARDS 
 Section 11.1    Grants of Stock-Based Awards.        
The Administrator is authorized to make Awards of other types of equity-based or equity-related awards (“Stock-Based Awards”) not otherwise described by the terms of the Plan in such amounts and subject to such terms and conditions
as the Administrator shall determine. All Stock-Based Awards shall be evidenced by an Award Agreement. Such Stock-Based Awards may be granted as an inducement to enter the employ of the Company or any Subsidiary or in satisfaction of any obligation
of the Company or any Subsidiary to a Service Provider, whether pursuant to this Plan or otherwise, that would otherwise have been payable in cash or in respect of any other obligation of the Company. Such Stock-Based Awards may entail the transfer
of actual Shares, or payment in cash or otherwise of amounts based on the value of Shares. 

  
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 ARTICLE XII 

DIVIDEND EQUIVALENTS 

Section 12.1    Generally. Dividend Equivalents may be granted to Participants at such time or times as shall
be determined by the Administrator. Dividend Equivalents may be granted in tandem with other Awards, in addition to other Awards, or freestanding and unrelated to other Awards. The grant date of any Dividend Equivalents under the Plan will be the
date on which the Dividend Equivalent is awarded by the Administrator, or such other date permitted by Applicable Laws as the Administrator shall determine in its sole discretion. Dividend Equivalents may, at the discretion of the Administrator, be
fully vested and nonforfeitable when granted or subject to such vesting conditions as determined by the Administrator. For the avoidance of doubt, Dividend Equivalents with respect to Awards shall not be fully vested until the Awards have been
earned and shall be forfeited if the related Award is forfeited. Dividend Equivalents shall be evidenced in writing, whether as part of the Award Agreement governing the terms of the Award, if any, to which such Dividend Equivalent relates, or
pursuant to a separate Award Agreement with respect to freestanding Dividend Equivalents. 
 ARTICLE XIII 

TERMINATION AND FORFEITURE 

Section 13.1    Termination. Except as provided in Article XIV or in the applicable Award Agreement, or as
determined by the Administrator, unvested awards granted under the Plan will be forfeited upon a Participant’s termination of employment or service to the Company for any reason. 

Section 13.2    Forfeiture and Recoupment of Awards. Awards granted under this Plan (and gains earned or
accrued in connection with Awards) shall be subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors, financial or other misconduct
or Competitive Activity) as may be adopted by the Administrator or the Board from time to time. Any such policies may (in the discretion of the Administrator or the Board) be applied to outstanding Awards at the time of adoption of such policies, or
on a prospective basis only. Participants shall also forfeit and disgorge to the Company any Awards granted or vested and any gains earned or accrued due to the exercise of Options or SARs or the sale of any Company Common Stock to the extent
required by Applicable Law or as required by any stock exchange or quotation system on which the Company Common Stock is listed or quoted, in each case in effect on or after the Effective Date, including Section 304 of the Sarbanes-Oxley Act of
2002 and Section 10D of the Exchange Act and any regulations promulgated thereunder. For the avoidance of doubt, the Administrator shall have full authority to implement any policies and procedures necessary to comply with Applicable Law and/or
the requirements of any stock exchange or quotation system on which the Company Common Stock is listed or quoted. The implementation of policies and procedures pursuant to this Section 13.2 and any modification of the same shall not be subject
to any restrictions on amendment or modification of Awards. 

  
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 Section 13.3    Clawbacks. Awards shall be subject to any
generally applicable clawback policy adopted by the Administrator, the Board or the Company that is communicated to the Participants or any such policy adopted to comply with Applicable Law. 

ARTICLE XIV 
 CHANGE IN CONTROL

 Section 14.1    Alternative Awards. Unless otherwise expressly provided in an Award Agreement,
subject to Section 14.2, no cancellation, acceleration of vesting or other payment shall occur in connection with a Change in Control with respect to any (i) unvested or unexercisable Award and/or (ii) if reasonably
determined in good faith by the Administrator prior to the occurrence of the Change in Control, vested Awards, and such Award shall be honored or assumed, or new rights substituted therefor following the Change in Control (such honored, assumed or
substituted award, an “Alternative Award”), provided that any Alternative Award must (x) give the Participant who held such Award rights and entitlements substantially equivalent to or better than the rights and
terms applicable under such Award immediately prior to the Change in Control, including, without limitation, an identical or better schedule as to vesting and/or exercisability and that Alternative Awards that are stock options have identical or
better methods of payment of the exercise price thereof; (y) as to any service-based vesting requirement applicable to the Award, provide for full vesting of the Alternative Award, if within twelve (12) months following a Change in
Control, the Participant’s employment or service is terminated by the Company without Cause or by the Participant for Good Reason during the remaining vesting period thereof; and (z) as to any performance-based vesting requirement
applicable to the Award, provide for vesting of the Alternative Award at target levels, if within twelve (12) months following a Change in Control, the Participant’s employment or service is terminated by the Company without Cause or by
the Participant for Good Reason during the remaining vesting period thereof. If the Administrator determines in connection with a Change in Control that performance-based vesting requirements applicable to an Award will no longer operate as intended
following the Change in Control or will no longer provide the intended incentive, the Administrator may modify such performance-based vesting requirements or impose new performance-based vesting requirements so long as the Administrator determines
that such modified or new performance-based vesting requirements are not materially more difficult to achieve than the performance-based vesting requirements applicable to the Award immediately prior to the Change in Control. 

Notwithstanding this Section 14.1, if the securities underlying the Alternative Award are not publicly traded, (i) the
acquisition, holding and disposition of the shares underlying the Alternative Award may be subject to such terms and conditions as are established by the Administrator prior to the Change in Control and (ii) the Company or the acquiror
in such Change in Control shall be required to repurchase any vested Alternative Awards or securities underlying such Alternative Awards following termination of employment (other than termination for Cause or other circumstances resulting in the
forfeiture of such Alternative Awards in accordance with Section 13.2 or an applicable award agreement) for cash or 

  
 21 

 
marketable securities equal to the fair market value of the securities subject to such Alternative Award on the effective date of termination (and, in the case of Alternative Awards that are
stock options or stock appreciation rights, in excess of the exercise price or base price that the Participant would be required to pay in respect of such Alternative Award). 

Section 14.2    Settlement. Except as otherwise provided in this Article XIV or in an Award Agreement or
thereafter on terms more favorable to a Participant, if the Administrator reasonably determines in good faith, prior to the occurrence of a Change in Control, that no Alternative Awards will be provided upon a Change in Control: 

(a)    each unvested Award (other than Performance Awards and freestanding Dividend Equivalents not granted
in connection with another Award) shall vest; 
 (b)    each outstanding Option and SAR shall be canceled
in exchange for a payment equal to the excess, if any, of the Change in Control Price over the applicable Option Price or Base Price; 

(c)    Shares underlying all Restricted Stock, Restricted Stock Units, Performance Shares and Performance
Units, and other Stock-Based Awards that are vested (as provided in this Section 14.2 or otherwise) shall be issued or released to the Participant holding such Award, except to the extent that the Administrator has determined, in accordance
with authority granted to it by the Plan or the applicable Award Agreement to settle such Award in cash in lieu of shares; 

(d)    Each outstanding Performance Award shall be treated as provided in the individual Award Agreement
governing such Performance Award; and 
 (e)    all freestanding Dividend Equivalents not granted in
connection with another Award shall be cancelled without payment therefor. 
 To the extent any portion of the Change in Control Price is
payable other than in cash and/or other than at the time of the Change in Control, Award holders under the Plan shall receive the same value in respect of their Awards (less any applicable exercise price, Base Price or similar feature) as is
received by the Company’s stockholders in respect of their Company Common Stock (as determined by the Administrator), and the Administrator shall determine the extent to which such value shall be paid in cash, in securities or other property,
or in a combination of cash and securities or other property, consistent with Applicable Law. To the extent any portion of the Change in Control Price is payable other than at the time of the Change in Control, the Administrator shall determine the
time and form of payment to the holders of Award consistent with Section 409A of the Code and other Applicable Laws.    For avoidance of doubt, upon a Change in Control the Administrator may cancel Options and SARs for no
consideration if the aggregate Fair Market Value of the Shares subject to Options and SARs is less than or equal to the Option Price of such Options or the Base Price of such SARs. 

Section 14.3    Section 409A. Notwithstanding the discretion in Sections 14.1 and 14.2, if
any Award is subject to Section 409A of the Code and an Alternative Award would be deemed a non-compliant modification of such Award under Section 409A, then no Alternative Award shall be provided
and such Award shall instead be treated as provided in Section 14.2 or in the Award Agreement (or in such other manner determined by the Administrator that is a compliant modification under Section 409A). 

  
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 ARTICLE XV 

OTHER PROVISIONS 

Section 15.1    Awards Not Transferable. Unless otherwise approved by the Administrator, no Award or interest
or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance,
assignment or any other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition
thereof shall be null and void and of no effect; provided, however, that nothing in this Section 15.1 shall prevent transfers by will or by the applicable laws of descent and distribution or, with the prior approval of the
Company’s General Counsel or the Administrator, estate planning transfers. 
 Section 15.2    Amendment,
Suspension or Termination of the Plan or Award Agreements. 
 (a)    The Plan may be wholly or
partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator; provided that without the approval by a majority of the shares entitled to vote at a duly constituted meeting of
shareholders of the Company, no amendment or modification to the Plan may (i) except as otherwise expressly provided in Section 4.1(a) or Section 4.3, increase the number of Shares subject to the Plan, (ii) the
individual Award limitations applicable to non-employee Directors specified in Section 4.2; (iii) modify the class of persons eligible for participation in the Plan; (iv) modify
the prohibition against repricing in Section 4.5; or (v) materially modify the Plan in any other way that would require shareholder approval under Applicable Law. 

(b)    Except as otherwise expressly provided in the Plan, neither the amendment, suspension nor
termination of the Plan shall, without the consent of the holder of the Award, adversely alter or impair any rights or obligations under any Award theretofore granted. 

(c)    Notwithstanding any provision of the Plan to the contrary, in no event shall adjustments made by the
Administrator pursuant to Section 4.3 or the application of Section 13.2, Section 13.3, Section 14.1, Section 14.2, Section 15.6 or Section 15.12 to any Participant constitute an amendment of the Plan or of any
Award Agreement requiring the consent of any Participant. 
 (d)    No Award may be granted during any
period of suspension or after termination of the Plan, and in no event may any Award be granted under this Plan after the expiration of ten (10) years from the Effective Date. 

  
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 Section 15.3    Effect of Plan upon Other Award and Compensation
Plans. The adoption of this Plan shall not affect any other compensation or incentive plans in effect for the Company or any of its Subsidiaries, except for the Stock Incentive Plan. Nothing in this Plan shall be construed to limit the right of
the Company or any of the Subsidiaries (a) to establish any other forms of incentives or compensation for Service Providers or (b) to grant or assume options or restricted stock other than under this Plan in connection with
any proper corporate purpose, including, but not by way of limitation, the grant or assumption of options or restricted stock in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets
of any corporation, firm or association. 
 Section 15.4    At-Will
Employment. Nothing in the Plan or any Award Agreement hereunder shall confer upon the Participant any right to continue as a Service Provider of the Company or any of the Subsidiaries or shall interfere with or restrict in any way the rights of
the Company and any of its Subsidiaries, which are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without Cause. 

Section 15.5    Titles. Titles are provided herein for convenience only and are not to serve as a basis for
interpretation or construction of the Plan. 
 Section 15.6    Conformity to Securities Laws. The Plan is
intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent the Company, any of the Subsidiaries or any
Participant is subject to the provisions thereof. Notwithstanding anything herein to the contrary, the Plan shall be administered, and Awards shall be granted and may be exercised, only in such a manner as to conform to such laws, rules and
regulations. To the extent permitted by Applicable Law, the Plan and Awards granted hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

Section 15.7    Term of Plan. The Plan shall become effective upon the effectiveness of the Company’s
Registration Statement on Form S-1 (the “Effective Date”) and shall continue in effect, unless sooner terminated pursuant to Section 15.2, until the tenth (10th) anniversary of the
Effective Date. The provisions of the Plan shall continue thereafter to govern all outstanding Awards. 

Section 15.8    Governing Law. To the extent not preempted by federal law, the Plan shall be construed in
accordance with and governed by the laws of the State of Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. 

Section 15.9    Severability. In the event any portion of the Plan or any action taken pursuant thereto shall
be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provisions had not been included, and the illegal or
invalid action shall be null and void. 
 Section 15.10    Governing Documents. In the event of any express
contradiction between the Plan and any Award Agreement or any other written agreement between a Participant and the Company or any Subsidiary that has been approved by the Administrator, the express terms of the Plan shall govern, unless it is
expressly specified in such Award Agreement or other written document that such express provision of the Plan shall not apply. 

  
 24 

 Section 15.11    Withholding Taxes. In addition to any
rights or obligations with respect to Withholding Taxes under the Plan or any applicable Award Agreement, the Company or any Subsidiary employing a Service Provider shall have the right to withhold from the Service Provider, or otherwise require the
Service Provider or an assignee to pay, any Withholding Taxes arising as a result of grant, exercise, vesting or settlement of any Award or any other taxable event occurring pursuant to the Plan or any Award Agreement, including, without limitation,
to the extent permitted by law, the right to deduct any such Withholding Taxes from any payment of any kind otherwise due to the Service Provider or to take such other actions (including, without limitation, withholding any Shares or cash
deliverable pursuant to the Plan or any Award) as may be necessary to satisfy all or any portion of such Withholding Taxes; provided, however, that in the event that the Company withholds Shares issued or issuable to the Participant to
satisfy all or any portion of the Withholding Taxes, the Company shall withhold a number of whole Shares having a Fair Market Value, determined as of the date of withholding, not in excess of the maximum amount of tax required to be withheld by law
(or such lower amount as may be necessary to avoid liability award accounting) and any remaining amount shall be remitted in cash or withheld; and provided, further, that with respect to any Award subject to Section 409A of the
Code, in no event shall Shares be withheld pursuant to this Section 15.11 (other than upon or immediately prior to settlement in accordance with the Plan and the applicable Award Agreement) other than to pay taxes imposed under the U.S. Federal
Insurance Contributions Act (“FICA”) and any associated U.S. federal withholding tax imposed under Section 3401 of the Code and in no event shall the value of such Shares (other than upon immediately prior to settlement) exceed
the amount of the tax imposed under FICA and any associated U.S. federal withholding tax imposed under Section 3401 of the Code. The Participant shall be responsible for all Withholding Taxes and other tax consequences of any Award. 

Section 15.12    Section 409A. To the extent that the Administrator determines that any
Award is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate any terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be
interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the
adoption of the Plan. Notwithstanding any provision of the Plan to the contrary, in the event that following the adoption of the Plan, the Administrator determines that any Award may be subject to Section 409A of the Code and related
regulations and Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the adoption of the Plan), the Administrator may adopt such amendments to the Plan and the applicable Award Agreement or adopt
other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (a) exempt the Award from
Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, (b) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance or
(c) comply with any correction procedures available with respect to Section 409A of the Code. Notwithstanding anything else contained in this Plan or any Award Agreement to the contrary, if a Service Provider is a “specified
employee” as 

  
 25 

 
determined pursuant to Section 409A under any Company Specified Employee policy in effect at the time of the Service Provider’s “separation from service” (as determined under
Section 409A) or, if no such policy is in effect, as defined in Section 409A of the Code), then, to the extent necessary to comply with, and avoid imposition on such Service Provider of any tax penalty imposed under, Section 409A of
the Code, any payment required to be made to a Service Provider hereunder upon or following his or her separation from service shall be delayed until the first to occur of (i) the six (6)-month anniversary of the Service Provider’s
separation from service and (ii) the Service Provider’s death. Should payments be delayed in accordance with the preceding sentence, the accumulated payment that would have been made but for the period of the delay shall be paid in
a single lump sum during the ten (10)-day period following the lapsing of the delay period. No provision of this Plan or an Award Agreement shall be construed to indemnify any Service Provider for any taxes
incurred by reason of Section 409A (or timing of incurrence thereof), other than an express indemnification provision therefor. 

Section 15.13    Notices. Except as provided otherwise in an Award Agreement, all notices and other
communications required or permitted to be given under this Plan or any Award Agreement shall be in writing and shall be deemed to have been given if delivered personally, sent by email or any other form of electronic transfer approved by the
Administrator, sent by certified or express mail, return receipt requested, postage prepaid, or by any recognized international equivalent of such delivery, (i) in the case of notices and communications to the Company, to its current
business address and to the attention of the General Counsel of the Company or (ii) in the case of a Participant, to the last known address, or email address or, where the individual is an employee of the Company or one of its
subsidiaries, to the individual’s workplace address or email address or by other means of electronic transfer acceptable to the Administrator. All such notices and communications shall be deemed to have been received on the date of delivery, if
sent by email or any other form of electronic transfer, at the time of dispatch or on the third business day after the mailing thereof. 

Section 15.14    Beneficiary Designation. Each Participant under the Plan may from time to time pursuant to
procedures approved by the Company name any beneficiary or beneficiaries by whom any right under the Plan is to be exercised in case of such Participant’s death. 

  
 26EX-10.23

 Exhibit 10.23 

AGILON HEALTH, INC. 

EMPLOYEE STOCK PURCHASE PLAN 

Article I 
 Purpose 

The purpose of the agilon health, inc. Employee Stock Purchase Plan (the “Plan”) is to provide eligible Employees of the
Company and its Designated Subsidiaries with an opportunity to purchase shares of Common Stock of the Company through payroll deductions. The Plan is intended to qualify as an “employee stock purchase plan” under Section 423 of the
Code. Accordingly, the provisions of the Plan shall be construed in a manner consistent with the requirements of Section 423 of the Code and the regulations promulgated thereunder. 

Article II 
 Definitions

 Whenever used herein, the following terms shall have the respective meanings set forth below: 

(a)    “Acquisition Date” means the last day of each Offering Period at which time the Shares subject to
a Share Purchase Right granted under the Plan may be purchased by or on behalf of the Participant. 

(b)    “Administrator” means, as applicable, the Board or any committee of the Board designated by the
Board to administer the Plan. If the Board or any such committee delegates administrative authority hereunder to any other person or group of persons pursuant to Section 10.2, such person or group of persons shall be deemed to be the
Administrator hereunder to such extent, except that further delegation by such persons shall not be permitted hereunder. 

(c)    “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling, controlled by or under common control with, such Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act. 

(d)    “Board” means the Board of Directors of the Company. 

(e)    “Change in Control” means the happening of any of the events that would constitute a “Change
in Control” under the Omnibus Incentive Plan. 
 (f)    “Change in Control Date” shall mean the
first date as of which a Change in Control occurs. 
 (g)    “Code” means the Internal Revenue Code of
1986, as amended. 

 (h)    “Common Stock” means the common stock, par value
$0.01 per share, of the Company and such other stock or securities into which such common stock is hereafter converted or for which such common stock is exchanged. 

(i)    “Company” means agilon health, inc., a Delaware corporation, and any successor thereto. 

(j)    “Compensation” means the base salary or wages and overtime of an Employee. Compensation shall be
determined prior to the Employee’s pre-tax contributions pursuant to Section 125 or 401(k) of the Code. If determined by the Administrator, other forms of compensation may be included in or excluded
from the definition of Compensation as permitted by Section 423 of the Code. 

(k)    “Contribution” means the amount of an after-tax payroll
deduction an Employee has made, as set out in such Employee’s payroll deduction authorization form. If the Administrator so determines, a Contribution for Employees on a Company-approved leave of absence shall include a cash contribution equal
to the amount of the after-tax payroll deduction an Employee would have made if such Employee had been receiving Compensation during the Company-approved leave of absence. 

(l)    “Designated Subsidiary” means the Subsidiary or Subsidiaries of the Company that have been
designated from time to time by the Administrator in its sole discretion as eligible to participate in the Plan. 

(m)    “Effective Date” means the date of effectiveness of the Company’s Registration Statement on
Form S-1. 
 (n)    “Employee” means any person who performs
services for, and who is classified as an employee on the payroll records of, the Company or a Designated Subsidiary. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave
or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-1(h)(2). For purposes of this Plan, where the period of leave
exceeds three months and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three month period.

 (o)    “Fair Market Value” has the meaning set forth in the Omnibus Incentive Plan. 

(p)    “Offer Date” means the first day of each Offering Period. 

  
 2 

 (q)    “Offering Period” means a period of time
specified by the Administrator, consistent with Section 423 of the Code, beginning on the Offer Date and ending on the Acquisition Date. 

(r)    “Omnibus Incentive Plan” means the agilon health, inc. 2021 Omnibus Equity Incentive Plan, as may
be amended from time to time. 
 (s)    “Participant” means an Employee who becomes a participant in
the Plan pursuant to Article V. 
 (t)    “Person” means an individual, partnership, corporation,
limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature. 

(u)    “Purchase Price” means the purchase price per Share subject to the Share Purchase Right determined
pursuant to Section 6.3. 
 (v)    “Securities Act” means the Securities Act of 1933, as amended.

 (w)    “Share” means a share of Common Stock. 

(x)    “Share Purchase Right” means a right that entitles the holder to purchase from the Company a
stated number of Shares in accordance with, and subject to, the terms and conditions of the Plan. 

(y)    “Subsidiary” of an entity means any corporation in an unbroken chain of corporations beginning
with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

Article III 
 Available Shares
and Adjustments 
 Section 3.1    Available Shares. Subject to adjustments as provided in this Article
III, the maximum number of Shares available for purchase under the Plan on or after the Effective Date is [●],1 Shares. During the term of the Plan, the share reserve will automatically
increase on the first trading day in January of each calendar year, beginning in calendar year 2022, by an amount equal to 1% of the total number of outstanding shares of Common Stock on the last trading day in December of the immediately prior
calendar year or such lesser amount as determined by the Administrator. Shares issued under the Plan may be authorized but unissued Shares, Shares held in treasury or reacquired Common Stock. 

 

	1 	 Note to Draft: Pool to equal 2% of total shares outstanding at the IPO.

  
 3 

 Section 3.2    Adjustments. 

(a)    Changes in Capitalization. If and to the extent necessary or appropriate to reflect any stock dividend,
extraordinary dividend, stock split or share recombination or any recapitalization, merger, consolidation, exchange of shares, spin-off, liquidation or dissolution of the Company or other similar transaction
affecting the Company Common Stock (each, a “Corporate Event”), the Administrator shall, in such manner as it may deem equitable to prevent the diminution or enlargement of the rights of the Company and Participants hereunder by
reason of such Corporate Event, adjust any or all of the number and kind of Shares (or other securities or property) with respect to which a Share Purchase Right may be granted under the Plan (including, but not limited to, adjustments of the
limitations in Section 3.1 on the maximum number and kind of Shares that may be issued under the Plan). All determinations and adjustments made by the Administrator in good faith pursuant to this Section 3.2 shall be final and binding on
the affected Participants and the Company. Any adjustment of an Award pursuant to this Section 3.2 shall be effected in compliance with Section 423 of the Code. 

(b)    Change in Control. Notwithstanding any other provision of this Plan, in the event of a Change in Control of
the Company, the Administrator, in its sole discretion, may take whatever action it deems necessary or appropriate in connection therewith, including, but not limited to (i) shortening any Offering Period then in progress such that the
Acquisition Date is on or prior to the Change in Control Date, (ii) shortening any Offering Period then in progress and refunding any amounts accumulated in a Participant’s account for such Offering Period,
(iii) cancelling all outstanding Share Purchase Rights as of the Change in Control Date and paying each holder thereof an amount equal to the difference between the per Share Fair Market Value as of the Change in Control Date and the
Purchase Price determined in accordance with Section 6.3, or (iv) for each outstanding Share Purchase Right, granting a substitute right to purchase shares in accordance with Section 424 of the Code. Nothing in this
Section 3.2(b) shall affect in any way the Company’s right to terminate the Plan at any time pursuant to Section 10.7 or Section 10.8. 

(c)    Insufficient Shares. If the Administrator determines that, on a given Acquisition Date, the number of Shares
that may be purchased under the outstanding Share Purchase Rights for the applicable Offering Period may exceed (i) the number of Shares that were available for issuance under the Plan on the Offer Date of the applicable Offering Period
or (ii) the number of Shares available for sale under the Plan on such Acquisition Date, including but not limited to by reason of a limitation on the maximum number of Shares that may be purchased set by the Administrator pursuant to
Section 6.2(a) or (b), the Administrator shall make a pro rata allocation of the Shares available for issuance on such Acquisition Date in as uniform a manner as shall be practicable and 

  
 4 

 
as it shall determine in its sole discretion to be equitable among all Participants purchasing Shares on such Acquisition Date, and unless additional Shares are authorized for issuance under the
Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section 10.7 hereof. If the Plan is so terminated, then the balance of the amount credited to the Participant’s account which has not been applied
to the purchase of Shares shall be paid to such Participant in one lump sum in cash as soon as reasonably practicable without any interest thereon. The Company may make a pro rata allocation of the Shares available on the Offer Date of any
applicable Offering Period pursuant to the first sentence of this section, notwithstanding any authorization of additional Shares for issuance under the Plan by the Company’s shareholders subsequent to such Offer Date. 

Article IV 
 Eligibility

 Section 4.1    Eligible Employees. Any person who is an Employee of the Company or a Designated
Subsidiary as of the Offer Date for a given Offering Period shall be eligible to participate in the Plan for such Offering Period, subject to the requirements of this Article IV and the limitations imposed by Section 423(b) of the Code.
Notwithstanding the foregoing, the Administrator may, on a prospective basis, (i) exclude from participation in the Plan Employees (a) whose customary employment is for not more than 20 hours per week or five months per year
or (b) who are citizens or residents of a non-U.S. jurisdiction if the grant of a Share Purchase Right under the Plan is prohibited under the laws of such
non-U.S. jurisdiction or compliance with the laws of such non-U.S. jurisdiction would cause the Plan or any actions under the Plan to violate Section 423 of the
Code and (ii) impose a generally applicable eligibility service requirement of up to two years of employment. The Administrator may also determine that a designated group of highly compensated employees (within the meaning of
Section 414(q) of the Code) are ineligible to participate in the Plan. 
 Section 4.2    Five Percent
Shareholders. Notwithstanding any other provision of the Plan to the contrary, no Employee shall be eligible to participate in the Plan if, after giving effect to the grant of a Share Purchase Right in the next Offering Period, the Employee (or
any other person whose stock would be attributed to the Employee pursuant to Section 424(d) of the Code) owns and/or holds Common Stock and outstanding rights to purchase Common Stock possessing, in the aggregate, five percent or more of the
total combined voting power or value of all issued and outstanding stock of the Company. 

  
 5 

 Article V 

Participation 

Section 5.1    Generally. An eligible Employee may become a Participant in the Plan by completing a payroll
deduction authorization form and any other required enrollment documents provided by the Administrator or its designee and submitting them to the Administrator or its designee in accordance with the rules established by the Administrator. The
enrollment documents, which may be in electronic form, shall set forth the portion of the Participant’s Compensation, including any minimum or maximum Contribution percentage and any minimum or maximum percentage increments, to be paid as
Contributions pursuant to the Plan. An Employee’s payroll deduction authorization shall become effective on the Offer Date. Amounts deducted from a Participant’s Compensation pursuant to this Article V shall be credited to the
Participant’s Plan account. No interest shall be payable on the amounts credited to the Participant’s Plan account. 

Section 5.2    Successive Offering Periods. A Participant’s election to participate in the Plan with
respect to an Offering Period shall enroll such Participant in the Plan for each successive Offering period at the same payroll deduction percentage as in effect at the termination of the prior Offering Period, unless (i) such
Participant delivers to the Company a different election with respect to the successive Offering Period by such time and in such manner as is designated by the Administrator for enrollment in the Plan for such successive Offering Period,
(ii) such Participant withdraws from the Plan pursuant to Article IX or becomes ineligible for participation in the Plan or (iii) the Administrator determines that elections for all Participants shall cease at the end of an
applicable Offering Period. 
 Section 5.3    Rights and Privileges. Each Employee who is granted a Share
Purchase Right under the Plan for any Offering Period shall have the same rights and privileges as all other Employees granted Share Purchase Rights under the Plan for such Offering Period. 

Article VI 
 Share Purchase
Rights 
 Section 6.1    Number of Shares. Each Eligible Employee who on the Offer Date is a Participant
participating in such Offering Period shall be granted a Share Purchase Right to purchase Shares on the Acquisition Date for such Offering Period. Subject to the limitations set forth in Section 6.2, the number of Shares subject to such Share
Purchase Right shall be the number of whole Shares determined by dividing the Purchase Price into the balance credited to the Participant’s account as of the Acquisition Date. 

Section 6.2    Limitation on Purchases. Participant purchases are subject to adjustment as provided in
Section 3.2(c) and to the following limitations: 
 (a)    Offering Period Limitation. Subject to the
calendar year limits provided in Section 6.2(b), the Administrator shall have the right to set a maximum value of Shares that a Participant shall have the right to purchase or a maximum Contribution percentage of the Participant’s
Compensation earned during such Offering Period that the Participant may use to purchase Shares in any Offering Period pursuant to a Share Purchase Right or right intended to qualify under Section 423 of the Code. 

  
 6 

 (b)    Calendar Year Limitation. Notwithstanding
Section 6.2(a), in the event that a Participant is granted a Share Purchase Right that permits such Participant to purchase Shares that, together with all other Share Purchase Rights granted to the Participant during the same calendar year
under this Plan and any other plan of the Company or any Subsidiary of the Company that are qualified under Section 423 of the Code, has an aggregate value in excess of $25,000 (determined on the date of grant), such Share Purchase Right shall
be reduced such that the aggregate value of all Share Purchase Rights granted to the Participant during the same calendar year under any plan of the Company or any Subsidiary of the Company that are qualified under Section 423 of the Code is
$25,000. The Administrator may also set a maximum aggregate number of Shares or maximum aggregate Fair Market Value of Shares, which is less than the $25,000 limitation set forth in this Section 6.2(b), that may be purchased pursuant to Share
Purchase Rights in a calendar year or Offering Period or on any Acquisition Date. 
 (c)    Refunds. As of the
first date on which a Participant’s ability to purchase Shares is limited by this Section 6.2, the Participant’s payroll deductions shall terminate, and any excess payroll deductions credited to his or her account shall be paid to the
Participant in a lump sum as soon as reasonably practicable without any interest thereon. 

Section 6.3    Purchase Price. The purchase price per Share with respect to an Offering Period shall be
determined by the Administrator; provided that such purchase price shall not be less than the lesser of (x) eighty-five percent (85%) of the Fair Market Value of a Share on the date on which an Offering Period commences and
(y) eighty-five percent (85%) of the Fair Market Value of a Share on the Acquisition Date. 
 Article VII 

Purchase of Shares Under Share Purchase Rights 

Section 7.1    Purchase. Unless a Participant withdraws from the Plan as provided in Article IX, each
Participant shall automatically purchase and acquire as of the Acquisition Date the number of whole Shares subject to the Share Purchase Right that may be purchased at the Purchase Price for that Share Purchase Right with the Contributions in such
Participant’s account. Any surplus in the account that is insufficient to purchase a whole Share shall be carried forward into the next Offering Period unless the Participant has elected to withdraw from the Plan pursuant to Article IX or the
Administrator determines that surplus amounts for Participants shall not be carried forward, in which case such surplus amount shall be distributed to the Participant in a lump sum as soon as reasonably practicable without any interest thereon. 

  
 7 

 Section 7.2    Registration Compliance. 

(a)    No Shares may be purchased under a Share Purchase Right unless the Shares to be issued or transferred upon purchase
are covered by an effective registration statement pursuant to the Securities Act or are eligible for an exemption from the registration requirements, and the Plan is in material compliance with all applicable federal, state, foreign and other
securities and other laws applicable to the Plan. 
 (b)    If, on an Acquisition Date of any Offering Period, the
Shares are not registered or exempt or the Plan is not in such compliance, no Shares under the Share Purchase Rights granted under the Plan shall be purchased on the Acquisition Date. The Acquisition Date shall be delayed until the Shares are
subject to such an effective registration statement or exempt, and the Plan is in such compliance. The Acquisition Date shall in no event be more than 27 months from the Offer Date or, if applicable, such lesser time as permitted under
Section 423 of the Code. 
 (c)    If, on the Acquisition Date of any Offering Period, as delayed to the maximum
extent permissible, the Shares are not registered or exempt and the Plan is not in such compliance, no Shares under the Share Purchase Rights shall be purchased, and all Contributions accumulated during the Offering Period (reduced to the extent, if
any, such deductions have been used to acquire Shares) shall be distributed to the Participants in a lump sum as soon as reasonably practicable without any interest thereon. 

Section 7.3    Delivery of Shares. As soon as practicable after each Acquisition Date, the Company shall
deliver the Shares acquired by each Participant during an Offering Period to the Participant or an account established in the Participant’s name at a stock brokerage or other financial services firm designated by the Company. No certificates
shall be delivered with respect to the Shares acquired by a Participant. 
 Section 7.4    Vesting. A
Participant’s interest in the Shares purchased under a Share Purchase Right shall be immediately vested and nonforfeitable. 

Section 7.5    Nontransferability. Each Share Purchase Right granted under this Plan shall be nontransferable.
During the lifetime of the Participant to whom the Share Purchase Right is granted, the Shares under a Share Purchase Right may be purchased only by the Participant. No right or interest of a Participant in any Share Purchase Right shall be liable
for, or subject to, any lien, obligation, or liability of such Participant. 
 Article VIII 

Restrictions on Sale 

Shares purchased under the Plan may be subject to any such holding restrictions that the Administrator shall determine to be appropriate with
respect to any Offering Period consistent with Section 423 of the Code. 

  
 8 

 Article IX 

Withdrawal from Participation and Termination of Employment 

A Participant may revoke his or her payroll deduction authorization form for an Offering Period and withdraw from participation in the Plan
for that Offering Period by giving written or electronic notice to the Administrator in such form and at such time before the Acquisition Date as may be established by the Administrator. In the event of a Participant’s withdrawal in accordance
with the preceding sentence, all of the payroll deductions credited to his or her account shall be paid to the Participant in a lump sum as soon as reasonably practicable after receipt of the notice of withdrawal, without any interest thereon, and
no further payroll deductions shall be made from his or her Compensation for that Offering Period. A Participant shall be deemed to have elected to withdraw from the Plan in accordance with this Article IX if he or she ceases to be an employee of
the Company or any of its Subsidiaries for any reason. Unless the Administrator determines otherwise consistent with Section 423 of the Code, a Participant’s withdrawal (other than due to a termination of employment) during an Offering
Period shall not have any effect upon the Participant’s eligibility to participate in the Plan during a subsequent Offering Period. 

Article X 
 General Provisions

 Section 10.1    Administration. The Plan shall be administered by the Administrator. The
Administrator may prescribe, amend and rescind rules and regulations relating to the administration of the Plan and make all other determinations necessary or advisable for the administration and interpretation of the Plan. Any authority exercised
by the Administrator under the Plan shall be exercised by the Administrator in its sole discretion. Determinations, interpretations, or other actions made or taken by the Administrator under the Plan shall be final, binding, and conclusive for all
purposes and upon all persons. 
 Section 10.2    Delegation by the Administrator. Any or all of the powers,
duties, and responsibilities of the Administrator hereunder may be delegated by the Administrator to, and thereafter exercised by, one or more persons designated by the Administrator, including members of management of the Company and/or members of
the human resources function of the Company, and any determination, interpretation, or other action taken by such designee shall have the same effect hereunder as if made or taken by the Administrator. Notwithstanding the foregoing, only the
Administrator shall have the power to determine the Purchase Price for any Offering Period. 

Section 10.3    Tax Withholding. The Company shall have the power to withhold, or to require the Participant
to remit to the Company, an amount in cash sufficient to satisfy all U.S. federal, state, local, and any non-U.S. withholding tax or other governmental tax, charge or fee requirements in respect of any payment
under the Plan. 

  
 9 

 Section 10.4    At-Will
Employment. Nothing in the Plan shall confer upon any Participant any right to continue in the employ of the Company or any of its Subsidiaries or shall interfere with or restrict in any way the rights of the Company and any of its Subsidiaries,
which are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without cause. 

Section 10.5    Unfunded Plan; Plan Not Subject to ERISA. The Plan is an unfunded plan and Participants shall
have the status of unsecured creditors of the Company. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended. 

Section 10.6    Freedom of Action. Nothing in the Plan shall be construed as limiting or preventing the
Company or any of its Affiliates from taking any action that it deems appropriate or in its best interest (as determined in its sole and absolute discretion) and no Participant (or person claiming by or through a Participant) shall have any right
relating to the diminishment in the value of any account or any associated return as a result of any such action. The foregoing shall not constitute a waiver by a Participant of the terms and provisions of the Plan. 

Section 10.7    Term of Plan. The Plan shall be effective upon the Effective Date. The Plan shall terminate on
the earlier of (i) the tenth anniversary of the Effective Date, (ii) the termination of the Plan pursuant to Section 10.8 or (iii) the date on which no more Shares are available for issuance under the Plan.
Upon termination of the Plan, all funds accumulated in a Participant’s account shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share Purchase Rights shall automatically
terminate. 
 Section 10.8    Amendment or Alteration. The Board or the Administrator may at any time amend,
suspend, discontinue or terminate the Plan; provided that if the Plan is amended in a manner that is considered the adoption of a new plan pursuant to Section 423 of the Code, including (i) an increase in the aggregate number
of Shares that may be issued under the Plan pursuant to Section 3.1 (other than an increase merely reflecting a change in the number of outstanding Shares pursuant to Section 3.2), (ii) a change in the granting Company or the
stock available for purchase under the Plan or (iii) a change in the designation of corporations whose Employees may be offered Share Purchase Rights under the Plan, the shareholders of the Company must reapprove the Plan as if such
action were the adoption of a new plan within the time prescribed under Section 423 of the Code. The Board or the Administrator, in its sole discretion, may terminate the Plan at any time. Upon such termination, all funds accumulated in a
Participant’s account at such time shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share Purchase Rights shall automatically terminate. 

  
 10 

 Section 10.9    Severability. In the event any portion of
the Plan or any action taken pursuant thereto shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid
provisions had not been included, and the illegal or invalid action shall be null and void. 

Section 10.10    Assignment. Except as otherwise provided in this Section 10.10, this Plan shall inure to
the benefit of and be binding upon the parties hereto and their respective heirs, representatives, successors, and assigns. Neither this Plan nor any right or interest hereunder shall be assignable by a Participant, his beneficiaries, or legal
representatives; provided that nothing in this Section 10.10 shall preclude the Participant from designating a beneficiary to receive any benefit payable hereunder upon his death, or the executors, administrators, or other legal
representatives of the Participant or his estate from assigning any rights hereunder to the person or persons entitled thereunto. This Plan shall be assignable by the Company to: a Subsidiary or Affiliate of the Company; to any corporation,
partnership, or other entity that may be organized by the Company, its general partners, or its Participants, as a separate business unit in connection with the business activities of the Company or Participants; or to any corporation, partnership,
or other entity resulting from the reorganization, merger, or consolidation of the Company with any other corporation, partnership, or other entity, or any corporation, partnership, or other entity to or with which all or any portion of the
Company’s business or assets may be sold, exchanged, or transferred, in each case to the extent permitted under Section 423 of the Code. 

Section 10.11    Non-Transferability of Rights. Unless otherwise
agreed to in writing by the Administrator, no rights or interests hereunder or part thereof shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition by
transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that nothing in this Section 10.11 shall prevent transfers by will or by the applicable laws of
descent and distribution. 
 Section 10.12    Equal Rights and Privileges. All eligible Employees granted a
Share Purchase Right under this Plan that is intended to meet the requirements of Section 423 of the Code shall have equal rights and privileges with respect to this Plan or within any separate offering under the Plan so that this Plan
qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Section 423 or any
successor provision of the Code, without further act or amendment by the Company or the Administrator shall be reformed to comply with the requirements of Section 423. This Section 10.12 shall take precedence over all other provisions in
this Plan. 

  
 11 

 Section 10.13    Notices. All notices or other
communications by a Participant to the Administrator under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Administrator at the location, or by the person, designated by the
Administrator for the receipt thereof. 
 Section 10.14    Headings. The Section headings appearing in this
Plan are used for convenience of reference only and shall not be considered a part of this Plan or in any way modify, amend, or affect the meaning of any of its provisions. 

Section 10.15    Rules of Construction. Whenever the context so requires, the use of the masculine gender
shall be deemed to include the feminine and vice versa, and the use of the singular shall be deemed to include the plural and vice versa. The fact that this Plan was drafted by the Company shall not be taken into account in interpreting or
construing any provision of this Plan. 
 Section 10.16    Governing Law. To the extent not preempted by
federal law, the Plan shall be construed in accordance with and governed by the laws of the State of Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. 

Section 10.17    Conformity to Securities Laws. The Plan is intended to conform to the extent necessary with
all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent the Company, any of its Subsidiaries or any Participant is subject to the provisions thereof.
Notwithstanding anything herein to the contrary, the Plan shall be administered only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan shall be deemed amended to the extent
necessary to conform to such laws, rules and regulations. 
 Section 10.18    Tax Reporting Information. At
the Company’s request, Participants will be required to provide the Company and any Affiliates with any information reasonably required for tax reporting purposes. 

Section 10.19    Participant Acknowledgment. By electing to participate in an Offering Period, Participants
acknowledge and agree that (i) Participants may be required to hold Shares during any holding periods to which such Shares are subject; (ii) the Shares acquired under the Plan may lose some or all of their value in the
future; (iii) Participants are able to afford to bear the economic risk of holding the Shares for any holding period and of any loss in value of the Shares and (iv) Participants may be required to agree to other terms and
conditions imposed by the Administrator that are permitted by Section 423 of the Code and other applicable law. 

  
 12

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