Document:

EX-10.8

 Exhibit 10.8 
  

 
 September 1, 2017 (Revised) 

James Harrington 
 [ADDRESS] 

[ADDRESS] 
 Dear Jim: 

As you know, Delphi is currently contemplating a spin-off of its Powertrain Systems business (the “Spin-Off”) into a new, separately traded entity
(“SpinCo”). In anticipation of the Spin-Off, and on behalf of Delphi, I am pleased to extend this offer of employment to you, as further described in this letter agreement and any related documentation (this “Offer”). Under the
terms of this Offer, you will be hired as an employee of Delphi and at the time of the Spin-Off, you will transition employment to SpinCo where you will serve as its Senior Vice President and General Counsel. At SpinCo, you will be based in London
and will report directly to Liam Butterworth, currently President, Powertrain/DPSS, who is expected to be appointed President & Chief Executive Officer of SpinCo in connection with the Spin-Off. I am providing you with this Offer to confirm
your compensation details and to provide further background on the applicable Delphi plans and programs. Please note that we expect the SpinCo plans and programs to be substantially similar to Delphi plans and programs currently in place. 

The following provides a summary of your compensation details regarding this Offer: 

Base Salary: Your initial base salary is at an annual rate of $575,000, which shall be paid in installments in accordance with
Delphi’s normal payroll practices. Your base salary will be reviewed from time to time in accordance with normal employer practice. 

Target Annual Incentive: Prior to the Spin-Off, you are eligible for an annual incentive plan award. Your target annual incentive
compensation for 2017 will be 80% of your base salary ($460,000 at target payout), prorated for the number of months you work during the current year, and paid out at the higher of target payout or actual performance based on business
results. The target has the potential to pay out in a range of 0 – 200% depending on applicable performance. The actual amount you may receive, if any, is adjusted based on business performance against the annual plan metrics and your
individual performance. Such award, if earned, shall be paid by March 15, 2018. In connection with the Spin-Off, it is anticipated that outstanding Delphi annual incentive awards will be equitably adjusted to reflect the Spin-Off in a manner
determined by the Compensation and Human Resources Committee of Delphi Automotive PLC. Following the Spin-Off, you will be eligible to participate in an annual incentive plan for SpinCo executives at no less than your current target percentage. 

Long-Term Incentive: Detailed information about your participation in the SpinCo Long-Term Incentive (“LTI”) Plan is found in
Attachment A. 
 Additional Sign-On Payments: In lieu of the annual incentive payout you will forfeit when departing from your current
employer, you will receive a cash payment in the amount equal to the target amount forfeited, prorated to the date of your termination from that employer. The payment will be made at the same time that Delphi’s annual incentive payment is made
(no later than March 15, 2018). 
 As an additional cash hiring incentive, you will be provided with a one-time cash payment of $275,000
payable one year from your hire date. 
 As an additional equity-based hiring incentive, Delphi will provide certain considerations, outlined
in the LTI section of Attachment A. 

 

 
 September 1, 2017 (Revised) 

James Harrington 
  Page
 2
 
  

 Receipt of the cash payments outlined in this section is contingent on you signing an
agreement indicating that you will repay the sign-on payments if you voluntarily resign your employment within 24 months of your date of hire. This provision applies to both your service at Delphi prior to the Spin-Off and with SpinCo following the
Spin-Off. 
 As you would expect, all compensation and payments referred to in this Offer will be subject to applicable tax withholding. 

Benefits: In addition to the compensation elements described above, prior to the Spin-Off, you are also eligible for Delphi’s
benefits package. Currently, this benefit package includes Salaried Retirement Savings Plan (401(k)) participation, health care, and life and disability insurance plan participation. For additional details, please review the document “A
Brief Look: Executives Employees” included with this Offer. Also, specifically regarding vacation, you will be eligible for 20 vacation days per year. In addition, you will be eligible for 5 designated time off (“DTO”) days per year.
Following the Spin-Off, you will be eligible to participate in SpinCo’s benefits package, which is expected to be substantially similar to the Delphi benefits package. 

Special Circumstance Benefits: If a “Special Circumstance” occurs, you may be entitled to receive certain payments and
benefits. More detailed information about these payments and benefits is found in Attachment A. 
 In accordance with Delphi policy and contingent on your
acceptance of this Offer, a background verification process will be conducted. You are also responsible for completing a pre-employment drug screen. Your employment is contingent upon the results of the background verification and drug screen. We
will work with you to find a convenient drug screening site near your home. 
 As a condition of employment, you will be required to sign a confidentiality
and non-interference agreement, attached as Attachment B. 
 In your role with SpinCo, you will be covered under an expatriate assignment letter, a draft
copy of which is included here as Attachment C. 
 Employment is also contingent upon your current and continued eligibility to work in the U.S. To comply
with government regulations, unexpired identification documents must be presented on your first day of work to verify that you are authorized to work in the U.S. 

If you have any questions, please contact me at [EMAIL] or on my mobile: [PHONE NUMBER]. 

To accept this Offer, please sign and complete the info in the appropriate box below and send to me at the email address listed above. 

On behalf of our entire senior leadership team, we look forward to you joining our team. 

Sincerely, 
 /s/ Susan M. Suver 

Susan M. Suver 
 Senior Vice President & Chief Human
Resources Officer 
 Enclosures 

 

 
 September 1, 2017 (Revised) 

James Harrington 
  Page
 3
 
  

 By signing below I am indicating my acceptance of this employment offer and acknowledgment of its
contents. I understand that Delphi, its subsidiaries and affiliates (including SpinCo) may amend, modify or terminate any of its incentive, severance, retirement, insurance, or other benefit plans, policies or programs at any time and that SpinCo
may adopt benefit, plans, policies or programs that differ from those of Delphi. I further acknowledge and understand that my employment will be considered “at will,” subject to applicable law, and subject to termination at any time, or
for any reason. 
  

	
	 ACCEPTANCE
  

/s/ James Harrington 9/13/17

Signature of James Harrington
  

Start Date (if known): 10/2/17
  

[EMAIL]
 Email
Address

  

 

 
 Attachment A 

September 1, 2017 (Revised) 
 James Harrington 

[ADDRESS] 
 [ADDRESS] 

Dear Jim: 
 In connection with the proposed spin-off of the
Powertrain Systems business from Delphi (“Spin-Off”) into a new, separately traded entity (“SpinCo”), we intend to recommend to the Compensation and Human Resources Committee (the “Committee”) of the Board of Directors
of SpinCo (the “Company”) that you receive, subject to Committee approval, a grant of long-term incentive equity awards comprised of service-based Restricted Stock Units (“RSUs”) and performance-based RSUs (“PRSUs”, as
discussed below), which shall vest and be settled (assuming your continued employment) as described below. These equity awards will be subject to the terms and conditions of the SpinCo Long-Term Incentive Plan (the “Plan”) and the
applicable award agreements, which we anticipate will be substantially similar to the Delphi Automotive PLC Long-Term Incentive Plan and award agreements thereunder. The Company reserves the right to suspend, modify, cancel or terminate its stock
program at any time without compensation to you or any other of the participating employees, unless otherwise provided in the applicable award agreement or Plan. 

Long-Term Incentive: Your annual long-term incentive target will be $1,200,000. Your first annual equity award will be made in 2018, the
granting of which is anticipated to be in February. However, due to the timing of the Spin-Off, timing of granting annual awards may be adjusted. Should the Spin-Off not conclude by April 30, 2018, you will receive your annual award in Delphi
shares during the Delphi annual grant process, which is typically done in February. The number of shares you receive will be based on the on the ten-day average closing stock price prior to (but not including) the date of grant. Twenty-five percent
(25%) of these awards will be time-based RSUs, which generally vest ratably over three years beginning on the one-year anniversary of the date of grant. The remaining seventy-five percent (75%) of these awards will be PRSUs tied to the
Company’s performance against applicable metrics (Delphi metrics are currently Average Return on Net Assets (“RONA”), Cumulative Net Income (“CNI”) and Relative Total Shareholder Return (“RTSR”), each as defined
for purposes of the long-term incentive equity award). The PRSUs generally vest at the end of a three-year performance period, and are settled as soon as possible following confirmation of performance against the applicable metrics, but in no event
later than March 15 of the year following the year in which the PRSUs vest. 
 If you are granted a Delphi equity award prior to the Spin-Off, it is
anticipated that unvested equity awards generally will be equitably adjusted to reflect the Spin-Off in a manner determined by the Committee, and that this equitable adjustment will include the conversion or adjustment of your unvested Delphi
long-term incentive equity awards into corresponding SpinCo awards, subject to substantially similar terms and preserving to the extent practicable the intrinsic value of the awards immediately before and after the Spin-Off. 

Additional LTI Grant: As an incentive for you to join Delphi, Delphi will provide you with a PRSU grant for the 2017-2019 performance period valued at
$1,125,000, to be granted in October 2017 and contingent on a hire date no later than October 2, 2017. Subject to the terms as determined by the Committee, this award shall vest 100% on December 31, 2019, and shall be settled no
later than March 15, 2020. The final payout shall be based on the Company’s performance against all applicable metrics as described above. 
 You
acknowledge that if the Company grants RSUs and/or PRSUs to you, your participation in the stock program of the Company will be voluntary and that the benefits under the RSU and/or PRSU program will not be part of your offer letter, your salary or
other remuneration for any purposes, including for purposes of computing payment during any notice period, payment in lieu of notice, severance pay or other termination compensation or indemnity (if any). 

 

 
 Attachment A 
  

 Should you receive RSUs and/or PRSUs, you will be responsible for complying with any applicable legal
requirements in connection with your participation in the stock plan and for any taxes arising from the grant or vesting of your RSUs and/or PRSUs, the sale of any ordinary shares or the receipt of any dividends (if any), regardless of any tax
withholding and/or reporting obligation of the Company or your employer, and you agree to seek advice from your personal tax and/or legal advisor at your own expense regarding the tax and legal implications of any award granted to you. 

Special Circumstance Benefits: If a “Special Circumstance” occurs, you will receive a severance benefit equal to 18 months (the
“Severance Period”) of your base salary, paid in semi-monthly installments (the “Special Benefit”). The Special Benefit will cease to be paid if you are employed by an entity other than Delphi and its subsidiaries and affiliates
or SpinCo and its subsidiaries and affiliates prior to the end of the Severance Period. In addition, if you timely elect COBRA coverage, you will receive a subsidized COBRA benefit for the duration of the Severance Period, whereby your COBRA premium
will be equal to the health care premium you paid as an active employee. The subsidized COBRA benefit will also cease if you become eligible for other health care coverage prior to the end of the Severance Period. You may continue COBRA coverage at
your personal expense for the remainder of the eligible period (18 months from separation). 
 For purposes of this letter, “Special Circumstance”
means the occurrence of either of the following, plus termination of your employment with Delphi or SpinCo or their subsidiaries and affiliates by Delphi or SpinCo (or such applicable subsidiary or affiliate) without cause or for Good
Reason (as defined in the Delphi Automotive PLC Executive Severance Plan) within one year of the occurrence of either of the following: 
  

	 	1.	SpinCo (or Delphi’s Powertrain Systems business) is sold to a third-party prior to the effective time of the Spin-Off; or 

  

	 	2.	The Spin-Off does not occur on or before December 31, 2018. 

 The receipt of the Special Benefit will be
subject to your execution, no later than 45 days following such applicable termination of employment, of a general release of claims in favor of Delphi and its subsidiaries and affiliates, and, if applicable, SpinCo and its subsidiaries and
affiliates (in such form as may reasonably be presented to you), and you not timely revoking such release. In general, the Special Benefit will be paid to you at the same time and in the same form of payment as required under the Delphi Automotive
PLC Executive Severance Plan, effective February 1, 2017, or otherwise as required under applicable tax law including Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”). Each payment that comprises the
Special Benefit will be considered a separate payment and not one of a series of payments for purposes of Section 409A. You hereby agree and acknowledge that Delphi, SpinCo and their subsidiaries and affiliates may assign any of their
obligations regarding the Special Benefit to SpinCo and/or its subsidiaries and affiliates in connection with the Spin-Off. 
 If a Special Circumstance
occurs, Delphi will provide you with the value of your annual long-term incentive target ($1,200,000) plus the value of the additional LTI grant ($1,125,000) in cash (less the value of any shares that may vest on a prorata basis, valued at target on
the termination date), plus the $275,000 one-time cash incentive in the event you have not yet reached one year of employment, paid in a lump sum within 30 days of your termination. 

SpinCo Change in Control: It is currently anticipated that, immediately after the Spin-Off, SpinCo will adopt for its executive officers a
double-trigger change in control severance program (“SpinCo CIC Severance Program”) substantially similar to the current Delphi program. If you are designated as a participant in the SpinCo CIC

  

 

 
 Attachment A 
  

 
Severance Program, we currently anticipate that, after the Spin-Off, you may be entitled to receive certain severance benefits from SpinCo in the case of (1) a SpinCo change in control
occurring after the completion of the Spin-Off and (2) a qualifying termination of your employment with SpinCo or its subsidiaries and affiliates, Those severance benefits are: cash severance equal to two times your annual base salary plus
target annual incentive award opportunity, plus a benefits continuation payment equal to 24 months of COBRA premiums (the “SpinCo CIC Severance Benefits”). Cash severance and benefits continuation are expected to be paid in a lump sum
amount no later than 90 days following separation, subject to compliance with applicable tax requirements. All SpinCo CIC Severance Benefits will be provided under the applicable SpinCo CIC Severance Program documents and requirements, and will be
subject to compliance with such documents and requirements and all other applicable legal and tax requirements. 
 The terms of this letter shall be
governed by the laws of the State of Michigan, without application of the conflicts of law principles thereof. Delphi, its subsidiaries and affiliates (including SpinCo) may amend, modify or terminate any of its incentive, severance, retirement,
insurance, or other benefit plans, policies or programs at any time, and SpinCo may adopt benefit, plans, policies or programs that differ from those of Delphi. 

*                    *      
              * 
 The terms of this letter are strictly confidential. Should you have
any questions in respect of the content of this letter, please do not hesitate to contact Susan M. Suver, Senior Vice President & Chief Human Resources Officer, at [EMAIL] or [PHONE NUMBER]. 

By: 
  

	
	/s/ Susan M. Suver
	Susan M. Suver
	Senior Vice President & Chief Human Resources Officer

 By signing this letter agreement, you declare that you have read and understand the terms and conditions of this letter
agreement and agree to such terms and conditions. 
  

					
		 	 /s/ James Harrington

	            	 	Signature of James Harrington
			
		 	Date: 	 	 September 13, 2017

  

 

 
 Attachment C 
  

 

 CONFIDENTIAL PROPRIETARY 

 

			
	DATE:	  	            

	ASSIGNMENT:	  	Senior Vice President and General Counsel, SpinCo
	NAME:	  	James Harrington

 Dear Jim: 
 This is a letter
setting forth the guidelines concerning your position as Senior Vice President and General Counsel for SpinCo in London, hereinafter referred to as “the Company.” Your point of origin in the U.S. for policy purposes is
          . The effective date of your expatriate assignment has been tentatively set for           . However, the actual effective date will not
occur until you have received all of the necessary work permits needed for the host location. You acknowledge that this assignment is currently expected to continue for approximately           
years. However, the Company specifically reserves the right to terminate this assignment at any time prior to the expiration of the period specified above. Your duties and responsibilities are to be performed as previously discussed with Liam
Butterworth, to whom you will report. 
 COMPENSATION 

While on assignment, you will continue to receive your annual compensation in your home country currency, which will be directly deposited into your bank
account on record. In addition, you may choose to have a portion of your net pay deposited in your host country bank in local currency. 
 TAX
EQUALIZATION 
 While on your expatriate assignment, you will be subject to the provisions of the tax equalization policy. You will also be notified and
subject to revisions of the policy that may be issued during your assignment. The tax equalization policy is designed to assure that you do not incur additional tax liability as a result of the assignment in excess of the tax liability you would
have incurred had you remained in your home country. During the course of your assignment a hypothetical tax will be computed and withheld from your monthly salary, which is an approximation of your annual tax liability on your base income had you
remained in your home country. 
 If you receive any commissions, bonuses, or incentives in addition to salary, they are also subject to hypothetical tax.
The final hypothetical tax will be calculated by an accounting program as your tax return is finalized each year, which determines your final actual income tax obligation for the year. Delphi will be responsible for home and/or host country taxes
greater than the final hypothetical tax, which was incurred as a result of your expatriate assignment. The settlement of taxes is subject to final review of any taxes paid on behalf of an expatriate or advances provided to an expatriate as part of a
tax settlement. However, because the Company is undertaking the obligation to pay your taxes in excess of your tax obligation under its tax equalization policy, the amount of any host country tax refunds received by you and final hypothetical tax
settlement due from you must be paid to the Company. 

  
 1 

 

 
 Attachment C 
  

 

 The Company will also provide, at no cost to you, the service of a tax accounting firm to prepare your home
and/or host country tax returns. Pre-departure and post-arrival orientations with the Delphi tax provider on Tax Equalization Policies and Procedures will be arranged for you at a convenient location. 

HOST COUNTRY AUTOMOBILE 
 Delphi may provide assistance in
the form of an allowance, direct auto purchase or direct auto lease, depending on host location practice. Contact your host global mobility manager for details. 

BENEFITS 
 Delphi will apply all provisions of the Company
and the home country government benefits to you. Your base salary will be used as the compensation base in determining your eligibility coverage and contributions to the Company benefit plans. The Company accepts the responsibility to honor all
liability for injuries that you incur offshore where existing benefit coverage is voided due to a war risk exclusion. You will be provided coverage under this paragraph only for those benefits, which you have been eligible to receive, had you
remained in your home country. 
 HEALTH CARE 
 Based on
your home / host country combination, you and your eligible dependents will be enrolled in CIGNA International Health Care Plan (IHCP) during your expatriate assignment. 

HOLIDAYS & VACATION 
 You will observe only the
holidays normally observed by business and industry at the assignment location. Delphi’s domestic vacation policy will apply to you except when the local law requires more vacation than what you would qualify under the domestic policy. If such
a case exists, you will then be eligible for additional vacation required under local law. 
 REPATRIATION & EARLY REPATRIATION 

Your repatriation will be effective upon the conclusion of your assignment for whatever reasons in accordance with Company policy. This policy, along with the
local applicable rules, regarding termination, reflects the Company’s acceptance of an obligation to return you, and your belongings, to your home country under virtually all circumstances. They also describe the Company’s commitment and
program to offer you, if you return to your assignment in your home country, a position consistent with the business needs of the Company taking into consideration factors such as your prior position
with          , your base salary at repatriation, your professional growth, your performance level and your personal desires. 

  
 2 

 

 
 Attachment C 
  

 EXTENSION OF ASSIGNMENT 

Should your assignment require extension, you will be so notified in a letter similar to this. Likewise, any secondary relocation will be subject to future
negotiations. 
 TERMINATION 
 If you are terminated
involuntarily during your expatriate assignment at Delphi’s initiation, except for dismissal due to violation of company legal and ethical policies, Delphi will pay economy class travel costs for you and your family and the costs to move
your personal possessions back to your point of origin only. You will continue to be covered under the tax equalization policy described above, but all other expatriate-related benefits will cease upon your termination. 

If your employment was voluntarily terminated and was initiated by you the expatriate, Delphi will not cover the travel costs for you and your family
or the shipment of personal possessions back to the home country unless required by home or host country law. You will continue to be covered under the tax equalization policy described above, but all other expatriate-related benefits will cease
upon your termination. 
 CODE OF CONDUCT 
 With regards
to your general responsibilities, you should understand that your assignment does not entitle you to act as or be our agent for any purpose except that which has been communicated to you directly by your Management. In terms of both your business
activities and personal endeavors, your conduct must be in accordance with Delphi’s Code of Conduct, a copy of which you should have signed. Any questions regarding interpretation of the Code of Conduct should be directed to the General Counsel
of Delphi Automotive PLC, who is currently David Sherbin. 
 Your signature below indicates your acknowledgement of the above-stated guidelines, which will
affect your expatriation to the U.K. and your return to your home country as herein provided. Please sign below and return the originals to your International Human Resources Management as soon as possible. 

DATA CONSENT 
 I understand that my personal data may be
transferred to a Delphi affiliate or to a third party for the purpose of the performance of my assignment contract and I hereby consent to such transfer. I also understand that Delphi will request such Delphi affiliates or third parties to comply
with the applicable privacy rules to protect my personal data. 

  
 3 

 

 
 Attachment C 
  

 RIGHT TO AMEND, MODIFY, SUSPEND OR TERMINATE 

Delphi reserves the right to amend, modify, suspend, increase, decrease or terminate any of its employee benefit plans or programs by action of the Board of
Directors (Board) or other committee or individual expressly authorized by the Board to take such action. The benefits to which an employee is entitled are determined solely by the provisions of the applicable benefit plan or program. Absent an
express delegation of authority from the Board of Directors, no one has the authority to commit the Corporation to any benefit or benefit provisions not provided for under the applicable benefit program, or to change the eligibility criteria or any
other provisions of such program. 
  

					
	  

Employee                         
                                         
      (DATE)
	 	        	  	  
 International
HRM                                         
           (DATE)

  
 4EX-10.9

 Exhibit 10.9 

DELPHI TECHNOLOGIES PLC LONG-TERM INCENTIVE PLAN 

Section 1. Purpose. The purpose of the Delphi Technologies PLC Long-Term Incentive Plan (the “Plan”) is to
motivate and reward those employees, directors, consultants, advisors and other individuals who are expected to contribute significantly to the success of Delphi Technologies PLC (the “Company”) and its Affiliates to perform at the
highest level and to further the best interests of the Company and its shareholders. In addition, the Plan permits grants of awards in adjustment of, substitution for or conversion of awards relating to the ordinary shares of Delphi Automotive PLC
and any successor thereto (“Former Parent”) immediately prior to the spin-off of the Company by Former Parent (the “Spinoff”), in accordance with the terms of an Employee
Matters Agreement into which Former Parent and the Company enter in connection with the Spinoff (the “Employee Matters Agreement”). 

Section 2. Eligibility. 

(a) Any employee, Non-Employee Director, consultant or other advisor of, or any other individual
who provides services to, the Company or any Affiliate shall be eligible to be selected to receive an Award under the Plan. 

(b) Holders of equity compensation awards granted by a company acquired by the Company (or whose business is acquired by the Company) or
with which the Company combines are eligible for grants of Replacement Awards under the Plan. 
 Section 3. Administration.

 (a) The Plan shall be administered by the Committee. The Committee shall be appointed by the Board and shall consist of not less
than three directors of the Board. To the extent necessary to comply with applicable regulatory regimes, any action by the Committee shall require the approval of Committee members who are (i) independent, within the meaning of and to the
extent required by applicable rulings and interpretations of the principal stock market or exchange on which the Shares are quoted or traded; (ii) each a non-employee director within the meaning of Rule 16b-3 under the Exchange Act; and (iii) each an outside director within the meaning of Section 162(m) of the Code. The Board may designate one or more directors as a subcommittee who may act for the
Committee if necessary to satisfy the requirements of this Section. To the extent permitted by applicable law, the Committee may delegate to one or more officers of the Company the authority to grant Awards, except that such delegation shall not be
applicable to any Award for a person then covered by Section 16 of the Exchange Act or for a Non-Employee Director. The Committee may issue rules and regulations for administration of the Plan. For the
purposes of this Section 3(a), “officer” means an executive of the Company who is elected to his or her position by the Board. 

(b) Subject to the terms of the Plan and applicable law, the Committee (or its delegate) shall have full power and authority to:
(i) designate Participants; (ii) determine the type or types of Awards (including Replacement Awards) to be granted to each Participant under the Plan; (iii) determine the number of Shares to be covered by (or with respect to which
payments, rights or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent and under what circumstances Awards may be settled or exercised
in cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless exercise) or any combination thereof, or canceled, forfeited or suspended, and the method or methods by which Awards may be settled, exercised,
canceled, forfeited or suspended; (vi) determine whether, to what extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an Award under the Plan shall be deferred either
automatically or at the election of the holder thereof or of the Committee; (vii) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; (viii) establish, amend, suspend or waive such
rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (ix) make any other determination and take any other action that the Committee deems necessary or desirable for the
administration of the Plan. 
 (c) All decisions of the Committee shall be final, conclusive and binding upon all parties, including
the Company, its shareholders and Participants and any Beneficiaries thereof. 

 Section 4. Shares Available for Awards. 

(a) Subject to adjustment as provided in Section 4(c), (i) the maximum number of Shares available for issuance under the Plan shall
not exceed [            ] Shares, (ii) no Participant may receive under the Plan in any calendar year (A) Options and SARs that relate to more than
[            ] Shares or (B) if and to the extent that any such Awards are intended to constitute Section 162(m) Compensation and denominated in Shares, Restricted
Stock, RSUs, Performance Awards or Other Stock-Based Awards that relate to more than [            ] Shares. Shares underlying Replacement Awards and Shares remaining available
for grant under a plan of an acquired company or of a company with which the Company combines, appropriately adjusted to reflect the acquisition or combination transaction, shall not reduce the number of Shares remaining available for grant
hereunder. The maximum number of Shares available for issuance under Incentive Stock Options shall be [            ] and shall not be increased by operation of
Section 4(b). 
 (b) Any Shares subject to an Award (other than a Replacement Award and any Award granted out of the authorized
shares of an acquired plan), that expires, is canceled, forfeited or otherwise terminates without the delivery of such Shares, including any Shares subject to such Award to the extent that such Award is settled without the issuance of Shares, shall
again be, or shall become, available for issuance under the Plan. For the avoidance of doubt, any Shares surrendered or withheld in payment of any grant, acquisition, exercise or hurdle price of such Award or taxes related to such Award shall not
become available for issuance under the Plan. 
 (c) In the event that, as a result of any dividend or other distribution (whether in
the form of cash, Shares or other securities), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to acquire Shares or other securities of the Company, issuance of Shares pursuant to the anti-dilution provisions of securities of
the Company, or other similar corporate transaction or event affecting the Shares, or of changes in applicable laws, regulations or accounting principles, an adjustment is necessary in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan, then the Committee shall, subject to Section 18, adjust equitably any or all of: 

(i) the number and type of Shares (or other securities) which thereafter may be made the subject of Awards, including the
aggregate and individual limits specified in Section 4(a); 
 (ii) the number and type of Shares (or other
securities) subject to outstanding Awards; and 
 (iii) the grant, acquisition, exercise or hurdle price with respect to
any Award or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award; 
 provided, however, that the
number of Shares subject to any Award denominated in Shares shall always be a whole number. 
 (d) Any Shares delivered pursuant to an
Award may consist, in whole or in part, of authorized and unissued Shares or Shares acquired by the Company. 

Section 5. Options. The Committee is authorized to grant Options to Participants with the following terms and conditions and
with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 

(a) The exercise price per Share under an Option shall be determined by the Committee; provided, however, that, except in the case of
Replacement Awards and Adjusted Awards, such exercise price shall not be less than the Fair Market Value of a Share on the date of grant of such Option. 

(b) The term of each Option shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such Option. 

(c) The Committee shall determine the time or times at which an Option may be exercised in whole or in part. 

  
 - 2 - 

 (d) The Committee shall determine the method or methods by which, and the form or forms,
including cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless exercise) or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price, in which payment of
the exercise price with respect thereto may be made or deemed to have been made. 
 (e) Options shall not be granted under the Plan in
consideration for and shall not be conditioned upon the delivery of Shares to the Company in payment of the exercise price and/or tax withholding obligation under any other stock option. 

(f) The terms of any Incentive Stock Option granted under the Plan shall comply in all respects with the provisions of Section 422
of the Code. 
 Section 6. Stock Appreciation Rights. The Committee is authorized to grant SARs to Participants with the
following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 

(a) SARs may be granted under the Plan to Participants either alone (“freestanding”) or in addition to other Awards granted
under the Plan (“tandem”) and may, but need not, relate to a specific Option granted under Section 5. 
 (b) The
exercise or hurdle price per Share under a SAR shall be determined by the Committee; provided, however, that, except in the case of Replacement Awards and Adjusted Awards, such exercise or hurdle price shall not be less than the Fair Market
Value of a Share on the date of grant of such SAR (or if granted in connection with an Option, on the grant date of such Option). 

(c) The term of each SAR shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such SAR. 

(d) The Committee shall determine the time or times at which a SAR may be exercised or settled in whole or in part. 

(e) Upon the exercise of a SAR, the Company shall pay to the Participant an amount equal to the number of Shares subject to the SAR
multiplied by the excess, if any, of the Fair Market Value of one Share on the exercise date over the exercise or hurdle price of such SAR. The Company shall pay such excess in cash, in Shares valued at Fair Market Value, or any combination thereof,
as determined by the Committee. 
 Section 7. Restricted Stock and RSUs. The Committee is authorized to grant Awards of
Restricted Stock and RSUs to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 

(a) The applicable Award Document shall specify the vesting schedule and, with respect to RSUs, the delivery schedule (which may include
deferred delivery later than the vesting date) and whether the Award of Restricted Stock or RSUs is entitled to dividends or dividend equivalents, voting rights or any other rights. 

(b) Shares of Restricted Stock and RSUs shall be subject to such restrictions as the Committee may impose (including any limitation on
the right to vote a Share of Restricted Stock or the right to receive any dividend, dividend equivalent or other right), which restrictions may lapse separately or in combination at such time or times, in such installments or otherwise, as the
Committee may deem appropriate. Without limiting the generality of the foregoing, if the Award relates to Shares on which dividends are declared during the period that the Award is outstanding, the Award shall not provide for the payment of such
dividend (or a dividend equivalent) to the Participant prior to the time at which such Award, or applicable portion thereof, becomes nonforfeitable, unless otherwise provided in the applicable Award Document. 

(c) Any share of Restricted Stock granted under the Plan may be evidenced in such manner as the Committee may deem appropriate, including
book-entry registration or issuance of a stock certificate or certificates. In the event that any stock certificate is issued in respect of shares of Restricted Stock granted under the Plan, such certificate shall be registered in the name of the
Participant and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock. 

  
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 (d) If and to the extent that the Committee intends that an Award granted under this
Section 7 shall constitute or give rise to Section 162(m) Compensation, such Award may be structured in accordance with the requirements of Section 8, including the performance criteria and the Award limitation set forth therein, and
any such Award shall be considered a Performance Award for purposes of the Plan. 
 (e) The Committee may provide in an Award Document
that an Award of Restricted Stock is conditioned upon the Participant making or refraining from making an election with respect to the Award under Section 83(b) of the Code. If a Participant makes an election pursuant to Section 83(b) of
the Code with respect to an Award of Restricted Stock, the Participant shall be required to file promptly a copy of such election with the Company and the Internal Revenue Service. 

(f) The Committee may determine the form or forms (including cash, Shares, other Awards, other property or any combination thereof) in
which payment of the amount owing upon settlement of any RSU Award may be made. 
 Section 8. Performance Awards. The
Committee is authorized to grant Performance Awards to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall
determine. 
 (a) Performance Awards may be denominated as a cash amount, a number of Shares or a combination thereof and are Awards
which may be earned upon achievement or satisfaction of performance conditions specified by the Committee. In addition, the Committee may specify that any other Award shall constitute a Performance Award by conditioning the right of a Participant to
exercise the Award or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it
may deem appropriate in establishing any performance conditions. Subject to the terms of the Plan, the performance goals to be achieved during any Performance Period, the length of any Performance Period, the amount of any Performance Award granted
and the amount of any payment or transfer to be made pursuant to any Performance Award shall be determined by the Committee. If the Performance Award relates to Shares on which dividends are declared during the Performance Period, the Performance
Award shall not provide for the payment of such dividend (or dividend equivalent) to the Participant prior to the time at which such Performance Award, or the applicable portion thereof, is earned. 

(b) Every Performance Award shall, if the Committee intends that such Award should constitute Section 162(m) Compensation, include a
pre-established formula, such that payment, retention or vesting of the Award is subject to the achievement during a Performance Period or Performance Periods, as determined by the Committee, of a level or
levels of, or increases in, in each case as determined by the Committee, one or more of the following performance measures with respect to the Company: market capitalization, stock price, value appreciation, total shareholder return, revenue, sales,
bookings, unit volume, production, pre-tax income, earnings, earnings per share, net income, operating income, EBIT (earnings before interest and taxes), EBITDA (earnings before interest, taxes, depreciation
and amortization), operating or profit margin, cost structure, restructuring, expense control, overhead costs, general and administration expense, economic value added, net capital employed, net asset value, reserve value, market share, customer
satisfaction or service quality, capacity utilization, reserve replacement, increase in customer base, customer diversification, cash flow, cash from operations, debt leverage, debt to equity ratio, return on assets or RONA, return on equity, return
on capital, assets levels, asset turnover, inventory turnover, environmental health and safety, diversity, productivity, risk mitigation, corporate compliance, employee retention or engagement, and goals relating to acquisitions or divestitures.
Performance criteria may be measured on an absolute (e.g., plan or budget) or relative basis, and may be established on a corporate-wide basis or with respect to one or more business units, divisions, subsidiaries or business segments. Relative
performance may be measured against a group of peer companies, a financial market index or other acceptable objective and quantifiable indices. Except in the case of an Award intended to qualify as Section 162(m) Compensation, if the Committee
determines that a change in the business, operations, corporate structure or capital structure of the Company, or the manner in which the Company conducts its business, or other events or circumstances render the performance objectives unsuitable,
the Committee may modify the minimum acceptable level of achievement, in whole or in part, as the 

  
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Committee deems appropriate and equitable. Performance objectives shall be adjusted for material items not originally contemplated in establishing the performance target for items resulting from
discontinued operations, extra-ordinary gains and losses, the effect of changes in accounting standards or principles, acquisitions or divestitures, changes in tax rules or regulations, capital transactions, restructuring, nonrecurring gains or
losses or unusual items. Performance measures may vary from Performance Award to Performance Award, and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative. The Committee shall have the
power to impose such other restrictions on Awards subject to this Section 8(b) as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements for Section 162(m) Compensation or requirements of any applicable
law, stock market or exchange rules and regulations or accounting or tax rules and regulations. The maximum amount of any Performance Award denominated in cash that is intended to constitute Section 162(m) Compensation that may be earned in any
calendar year shall not exceed $[            ]. 

(c) Settlement of Performance Awards; Other Terms. Settlement of Performance Awards shall be in cash, Shares, other Awards, other
property, net settlement or any combination thereof, as determined in the discretion of the Committee. Performance Awards will be settled only after the end of the relevant Performance Period. The Committee may, in its discretion, increase or reduce
the amount of a settlement otherwise to be made in connection with a Performance Award but may not exercise discretion to increase any amount payable to a Covered Employee in respect of a Performance Award intended to qualify as Section 162(m)
Compensation. Any settlement that changes the form of payment from that originally specified shall be implemented in a manner such that the Performance Award and other related Awards do not, solely for that reason, fail to qualify as
Section 162(m) Compensation. 
 Section 9. Other Share-Based Awards. The Committee is authorized, subject to
limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares or factors that may influence the value of
Shares, including convertible or exchangeable debt securities, other rights convertible or exchangeable into Shares, acquisition rights for Shares, Awards with value and payment contingent upon performance of the Company or business units thereof or
any other factors designated by the Committee. The Committee shall determine the terms and conditions of such Awards. Shares delivered pursuant to an Award in the nature of an acquisition right granted under this Section 9 shall be acquired for
such consideration, paid for at such times, by such methods and in such forms, including cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless exercise) or any combination thereof, as the Committee shall
determine; provided that the acquisition price therefor shall not be less than the Fair Market Value of such Shares on the date of grant of such right. 

Section 10. Minimum Vesting. Notwithstanding any provisions of this Plan to the contrary and except as provided in this
Section 10 or pursuant to Section 11, Awards (other than Replacement Awards and Adjusted Awards) that are granted under the Plan shall not vest in full prior to the one-year anniversary of the
applicable grant date; provided, however, that no more than five percent (5%) of the Shares available for issuance under the Plan as of the Distribution Date may be granted subject to such Awards with such other vesting requirements,
if any, as the Committee may establish in its sole discretion (which number of Shares shall not include any Shares subject to Awards granted pursuant to Section 8). 

Section 11. Effect of Termination of Service or a Change in Control on Awards. 

(a) The Committee may provide, by rule or regulation or in any Award Document, or may determine in any individual case, the circumstances
in which, and the extent to which, an Award may be exercised, settled, vested, paid or forfeited in the event of a Participant’s Termination of Service prior to the end of a Performance Period or the vesting, exercise or settlement of such
Award. 
 (b) The Committee may set forth the treatment of an Award upon a Change in Control in the applicable Award Document. 

(c) In the case of an Option or SAR Award, except as otherwise provided in the applicable Award Document, upon a Change in Control, a
merger or consolidation involving the Company or any other event with respect to which the Committee deems it appropriate, the Committee may cause such Award to be canceled in consideration of (i) the full acceleration of such Award and either
(A) a period of at least 10 days prior to such Change in Control, merger, consolidation or other event to exercise the Award or (B) a payment in cash or other 

  
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consideration to the Participant who holds such Award in an amount equal to the Intrinsic Value of such Award (which may be equal to but not less than zero), which, if in excess of zero, shall be
payable upon the effective date of such Change in Control, merger, consolidation or other event or (ii) a substitute award (which immediately upon grant shall have an Intrinsic Value equal to the Intrinsic Value of such Award and shall include
terms and conditions not less favorable to the Participant than the terms and conditions of such Award). 
 Section 12. General
Provisions Applicable to Awards. 
 (a) Awards shall be granted for no cash consideration or for such minimal cash consideration as
may be required by applicable law. 
 (b) Awards may, in the discretion of the Committee, be granted either alone or in addition to or
in tandem with any other Award or any award granted under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under any other plan of the Company, may be
granted either at the same time as or at a different time from the grant of such other Awards or awards. 
 (c) Subject to the terms of
the Plan and Section 18, payments or transfers to be made by the Company upon the grant, exercise or settlement of an Award may be made in the form of cash, Shares, other Awards, other property, net settlement or any combination thereof, as
determined by the Committee in its discretion, and may be made in a single payment or transfer, in installments or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such rules and procedures may
include provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of dividend equivalents in respect of installment or deferred payments. 

(d) Except as may be permitted by the Committee or as specifically provided in an Award Document, (i) no Award and no right under
any Award shall be assignable, alienable, saleable or transferable by a Participant otherwise than by will or pursuant to Section 12(e) and (ii) during a Participant’s lifetime, each Award, and each right under any Award, shall be
exercisable only by the Participant or, if permissible under applicable law, by the Participant’s guardian or legal representative; provided, however, that the Committee shall not permit, and an Award Document shall not provide for, any Award
to be transferred or transferable to a third party for value or consideration without the approval of the Company’s shareholders. The provisions of this Section 12(d) shall not apply to any Award that has been fully exercised or settled,
as the case may be, and shall not preclude forfeiture of an Award in accordance with the terms thereof. 
 (e) A Participant may
designate a Beneficiary or change a previous Beneficiary designation at such times prescribed by the Committee by using forms and following procedures approved or accepted by the Committee for that purpose. 

(f) All certificates for Shares and/or other securities delivered under the Plan pursuant to any Award or the exercise thereof shall be
subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of the Securities and Exchange Commission, any stock market or exchange upon which such
Shares or other securities are then quoted, traded or listed, and any applicable securities laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

(g) Without limiting the generality of Section 12(h), the Committee may impose restrictions on any Award with respect to
noncompetition, confidentiality and other restrictive covenants, or requirements to comply with minimum stock ownership requirements, as it deems necessary or appropriate in its sole discretion. 

(h) The Committee may specify in an Award Document that the Participant’s rights, payments and benefits with respect to an Award
shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include a Termination of
Service with or without Cause (and, in the case of any Cause that is resulting from an indictment or other non-final determination, the Committee may provide for such Award to be held in escrow or abeyance
until a final resolution of the matters related to such event occurs, at which time the Award shall either be reduced, cancelled or forfeited (as provided in such Award Document) or remain in effect,

  
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depending on the outcome), violation of material policies, breach of noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by the
Participant that is detrimental to the business or reputation of the Company and/or its Affiliates. 
 (i) If the Company is required
to prepare an accounting restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, and if the Participant knowingly or grossly negligently engaged in
the misconduct, or knowingly or grossly negligently failed to prevent the misconduct, or if the Participant is one of the individuals subject to automatic forfeiture under Section 304 of the United States Sarbanes-Oxley Act of 2002 (and not
otherwise exempted), the Participant shall reimburse the Company the amount of any payment in settlement of any Award earned or accrued during the 12-month period following the first public issuance or filing
with the United States Securities and Exchange Commission (whichever first occurred) of the financial document not in compliance with such financial reporting requirement. Rights, payments and benefits under any Award shall be subject to repayment
to or recoupment (clawback) by the Company in accordance with such policies and procedures as the Committee or Board may adopt from time to time, including policies and procedures to implement applicable law, stock market or exchange rules and
regulations or accounting or tax rules and regulations. 
 Section 13. Amendments and Termination. 

(a) Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Document or in the Plan, the
Board may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time; provided, however, that no such amendment, alteration, suspension, discontinuation or termination shall be made without
(i) shareholder approval, if such approval is required by applicable law or the rules of the stock market or exchange, if any, on which the Shares are principally quoted or traded or (ii) the consent of the affected Participant, if such
action would materially adversely affect the rights of such Participant under any outstanding Award, except to the extent any such amendment, alteration, suspension, discontinuance or termination is made to cause the Plan to comply with applicable
law, stock market or exchange rules and regulations or accounting or tax rules and regulations, or to impose any recoupment provisions on any Awards in accordance with Section 12(i). Notwithstanding anything to the contrary in the Plan, the
Committee may amend the Plan in such manner as may be necessary to enable the Plan to achieve its stated purposes in any jurisdiction in a tax-efficient manner and in compliance with local laws, rules and
regulations. 
 (b) The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue
or terminate any Award theretofore granted, prospectively or retroactively, without the consent of any relevant Participant or holder or Beneficiary of an Award; provided, however, that, subject to Sections 4(c) and 11(c), no such
action shall materially adversely affect the rights of any affected Participant or holder or Beneficiary under any Award theretofore granted under the Plan, except to the extent any such action is made to cause the Plan to comply with applicable
law, stock market or exchange rules and regulations or accounting or tax rules and regulations, or to impose any recoupment provisions on any Awards in accordance with Section 12(i); provided further that, except as provided in
Section 4(c), the Committee shall not without the approval of the Company’s shareholders (a) lower the exercise price per Share of an Option or SAR after it is granted or take any other action that would be treated as a repricing of
such Award under the rules of the principal stock market or exchange on which the Company’s Shares are quoted or traded, or (b) cancel an Option or SAR when the exercise price per Share exceeds the Fair Market Value in exchange for cash or
another Award (other than in connection with a Change in Control); and provided further, that the Committee’s authority under this Section 13(b) is limited by the provisions of Section 12(d) and, in the case of Awards subject to
Section 8(b), as provided in Section 8(b). 
 (c) Except as provided in Section 8(b), the Committee shall be authorized
to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of events (including the events described in Section 4(c)) affecting the Company, or the financial statements of the Company, or of changes
in applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan. 
 (d) The Committee may correct any defect, supply any omission or
reconcile any inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan into effect. 

  
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 Section 14. Prohibition on Option and SAR Repricing. Except as provided in
Section 4(c), the Committee may not, without prior approval of the Company’s shareholders, seek to effect any re-pricing of any previously granted “underwater” Option or SAR by:
(i) amending or modifying the terms of the Option or SAR to lower the exercise price; (ii) cancelling the underwater Option or SAR and granting either (A) replacement Options or SARs having a lower exercise price or
(B) Restricted Stock, RSU, Performance Award or Other Stock-Based Award in exchange; or (iii) cancelling or repurchasing the underwater Options or SARs for cash or other securities. An Option or SAR will be deemed to be
“underwater” at any time when the Fair Market Value of the Shares covered by such Award is less than the exercise price of the Award. 

Section 15. Miscellaneous. 

(a) No employee, Participant or other person shall have any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of employees, Participants or holders or Beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Company, in its sole discretion, maintains the right to make available future grants under the Plan. 

(b) The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of, or to continue to
provide services to, the Company or any Affiliate. Further, the Company or the applicable Affiliate may at any time dismiss a Participant, free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan or in
any Award Document or in any other agreement binding the parties. The receipt of any Award under the Plan is not intended to confer any rights on the receiving Participant except as set forth in the applicable Award Document. 

(c) Nothing contained in the Plan shall prevent the Company from adopting or continuing in effect other or additional compensation
arrangements, and such arrangements may be either generally applicable or applicable only in specific cases. 
 (d) The Company shall
be authorized to withhold from any Award granted or any payment due or transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other Awards, other property, net
settlement or any combination thereof) of applicable withholding taxes due in respect of an Award, its exercise or settlement or any payment or transfer under such Award or under the Plan and to take such other action (including providing for
elective payment of such amounts in cash or Shares by the Participant) as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such taxes. 

(e) If any provision of the Plan or any Award Document is or becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction, or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award Document, such provision shall be stricken as to such jurisdiction, person or Award, and the remainder of the Plan
and any such Award Document shall remain in full force and effect. 
 (f) Neither the Plan nor any Award shall create or be construed
to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company pursuant to an Award, such
right shall be no greater than the right of any unsecured general creditor of the Company. 
 (g) No fractional Shares shall be issued
or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash or other securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall be
canceled, terminated or otherwise eliminated. 
 (h) Awards may be granted to Participants who are
non-United States nationals or employed or providing services outside the United States, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or
providing services in the United States as may, in the judgment of the Committee, be necessary or desirable to recognize differences in local law, tax policy or custom. The Committee also may impose conditions on the exercise or vesting of Awards in
order to minimize the Company’s obligation with respect to tax equalization for Participants on assignments outside their home country. 

  
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 (i) The Company shall take responsibility for the information set out in the Plan. 

Section 16. Effective Date of the Plan. The Plan is effective as of the Distribution Date. 

Section 17. Term of the Plan. No Award shall be granted under the Plan after the earliest to occur of (i) the date on
which a 10-year period measured from and including the effective date expires; provided that to the extent permitted by the listing rules of any stock exchanges on which the Company is listed, such 10-year term may be extended indefinitely so long as the maximum number of Shares available for issuance under the Plan have not been issued, (ii) the maximum number of Shares available for issuance under the
Plan have been issued or (iii) the Board terminates the Plan in accordance with Section 13(a). However, unless otherwise expressly provided in the Plan or in an applicable Award Document, any Award theretofore granted may extend beyond
such date, and the authority of the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond
such date. 
 Section 18. Section 409A of the Code. With respect to Awards subject to Section 409A of the Code, the
Plan is intended to comply with the requirements of Section 409A of the Code, and the provisions of the Plan and any Award Document shall be interpreted in a manner that satisfies the requirements of Section 409A of the Code, and the Plan
shall be operated accordingly. If any provision of the Plan or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition will be interpreted and deemed amended so as to avoid this
conflict. If an amount payable under an Award as a result of the Participant’s Termination of Service (other than due to death) occurring while the Participant is a “specified employee” under Section 409A of the Code constitutes
a deferral of compensation subject to Section 409A of the Code, then payment of such amount shall not occur until six months and one day after the date of the Participant’s Termination of Service, except as permitted under
Section 409A of the Code. If the Award includes a “series of installment payments” (within the meaning of Section 1.409A-2(b)(2)(iii) of the Treasury Regulations), the Participant’s
right to the series of installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment, and if the Award includes “dividend equivalents” (within the meaning of Section 1.409A-3(e) of the Treasury Regulations), the Participant’s right to the dividend equivalents shall be treated separately from the right to other amounts under the Award. Notwithstanding the
foregoing, the tax treatment of the benefits provided under the Plan or any Award Document is not warranted or guaranteed, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that
may be incurred by the Participant on account of non-compliance with Section 409A of the Code. 

Section 19. Data Protection. By participating in the Plan, the Participant consents to the holding and processing of personal
information provided by the Participant to the Company or any Affiliate, trustee or third party service provider, for all purposes relating to the operation of the Plan. These include, but are not limited to: 

(i) administering and maintaining Participant records; 

(ii) providing information to the Company, Affiliates, trustees of any employee benefit trust, registrars, brokers or
third party administrators of the Plan; 
 (iii) providing information to future purchasers or merger partners of the
Company or any Affiliate, or the business in which the Participant works; and 
 (iv) transferring information about the
Participant to any country or territory that may not provide the same protection for the information as the Participant’s home country. 

  
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 Section 20. Governing Law. The Plan and each Award Document shall be governed by
the laws of the state of New York, without application of the conflicts of law principles thereof. 

Section 21. Definitions. As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “Adjusted Award” means an Award that is issued under the Plan in accordance with the terms of the Employee Matters
Agreement in adjustment of, substitution for or conversion of a time-based restricted stock unit or performance-based restricted stock unit award (or other Former Parent award outstanding at the time of the Spinoff) that was granted under a Former
Parent Plan. Notwithstanding anything in the Plan to the contrary, subject to the Award Documents for the Adjusted Awards, the Adjusted Awards will reflect substantially the original terms of the awards being so adjusted or converted, and they need
not comply with other specific terms of the Plan. 
 (b) “Affiliate” means (i) any entity that, directly or
indirectly, is controlled by the Company, (ii) any entity in which the Company, directly or indirectly, has a significant equity interest, in each case as determined by the Committee and (iii) any other entity which the Committee
determines should be treated as an “Affiliate.” 
 (c) “Award” means any Option, SAR, Restricted Stock, RSU,
Performance Award or Other Stock-Based Award granted under the Plan. 
 (d) “Award Document” means any agreement,
contract or other instrument or document, which may be in electronic format, evidencing any Award granted under the Plan, which may, but need not, be executed or acknowledged by a Participant. With respect to Adjusted Awards, the term also includes
any writing or memorandum or summary of terms that may be specified by the Former Parent Committee, together with any evidence of award under any Former Parent Plan that may be referred to therein. 

(e) “Beneficiary” means a person entitled to receive payments or other benefits or exercise rights that are available
under the Plan in the event of the Participant’s death. If no such person is named by a Participant, or if no Beneficiary designated by the Participant is eligible to receive payments or other benefits or exercise rights that are available
under the Plan at the Participant’s death, such Participant’s Beneficiary shall be such Participant’s estate. 

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

(g) “Cause” means, with respect to any Participant, “cause” as defined in such Participant’s Employment
Agreement, if any, or if not so defined, except as otherwise provided in such Participant’s Award Document, such Participant’s: 

(i) indictment for any crime (A) constituting a felony, or (B) that has, or could reasonably be expected to
result in, an adverse impact on the performance of a Participant’s duties to the Company, or otherwise has, or could reasonably be expected to result in, an adverse impact to the business or reputation of the Company; 

(ii) having been the subject of any order, judicial or administrative, obtained or issued by the Securities and Exchange
Commission for any securities violation involving fraud, including, for example, any such order consented to by the Participant in which findings of facts or any legal conclusions establishing liability are neither admitted nor denied; 

(iii) conduct, in connection with his or her employment or service, which is not taken in good faith and has, or could
reasonably be expected to result in, material injury to the business or reputation of the Company; 
 (iv) willful
violation of the Company’s Code of Conduct or other material policies set forth in the manuals or statements of policy of the Company; 

(v) willful neglect in the performance of a Participant’s duties for the Company or willful or repeated failure or
refusal to perform such duties; or 
 (vi) material breach of any applicable Employment Agreement. 

  
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 The occurrence of any such event that is susceptible to cure or remedy shall not constitute Cause if such
Participant cures or remedies such event within 30 days after the Company provides notice to such Participant. 
 (h) “Change
in Control” means the occurrence of any one or more of the following events: 
 (i) a direct or indirect change
in ownership or control of the Company effected through one transaction or a series of related transactions within a 12-month period commencing after the Spinoff, whereby any “person” (as defined in
Section 3(a)(9) of the Exchange Act) or any two or more persons deemed to be one “person” (as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) (in each case a “Person”) other than the Company or an employee
benefit plan maintained by the Company, directly or indirectly acquire or maintain “beneficial ownership” (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company
constituting more than 30% of the total combined voting power of the Company’s equity securities outstanding immediately after such acquisition; 

(ii) at any time during a period of 12 consecutive months commencing after the Spinoff, individuals who at the beginning
of such period constituted the Board cease for any reason to constitute a majority of members of the Board; provided, however, that any new member of the Board whose election or nomination for election was approved by a vote of at
least a majority of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was so approved, shall be considered as though such individual were a member of the Board
at the beginning of the period, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (iii) the
consummation, commencing after the Spinoff, of a merger or consolidation of the Company or any of its subsidiaries with any other corporation or entity, other than a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or being converted into voting securities of the surviving entity or, if applicable, the ultimate parent thereof) at least 50% of
the combined voting power and total fair market value of the securities of the Company or such surviving entity or parent outstanding immediately after such merger or consolidation; or 

(iv) the consummation of any sale, lease, exchange or other transfer to any Person (other than an Affiliate of the
Company), in one transaction or a series of related transactions within a 12-month period commencing after the Spinoff, of all or substantially all of the assets of the Company and its subsidiaries. 

Notwithstanding the foregoing or any provision of any Award Document to the contrary, for any Award that provides for accelerated distribution on a Change in
Control of amounts that constitute “deferred compensation” (as defined in Section 409A of the Code), if the event that constitutes such Change in Control does not also constitute a change in the ownership or effective control of the
Company, or in the ownership of a substantial portion of the Company’s assets (in either case, as defined in Section 409A of the Code), such amount shall not be distributed on such Change in Control but instead shall vest as of the date of
such Change in Control and shall be paid on the scheduled payment date specified in the applicable Award Document, except to the extent that earlier distribution would not result in the Participant who holds such Award incurring any additional tax,
penalty, interest or other expense under Section 409A of the Code. 
 (i) “Code” means the United States Internal
Revenue Code of 1986, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Code shall include any successor provision thereto. 

(j) “Committee” means the Compensation and Human Resources Committee of the Board or such other committee as may be
designated by the Board; provided that, with respect to any Award granted to any Non-Employee Director, the “Committee” means the Nominating and Governance Committee of the Board or such other
committee as may be designated by the Board. If the Board does not designate the Committee, references herein to the “Committee” shall refer to the Board. 

  
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 (k) “Covered Employee” means an individual who is (i) either a
“covered employee” or expected by the Committee to be a “covered employee,” in each case within the meaning of Section 162(m)(3) of the Code or (ii) expected by the Committee to be the recipient of compensation (other
than Section 162(m) Compensation) in excess of $1,000,000 for the tax year of the Company with regard to which a deduction in respect of such individual’s Award would be claimed. 

(l) “Disability” means, with respect to any Participant, “disability” as defined in such Participant’s
Employment Agreement, if any, or if not so defined, except as otherwise provided in such Participant’s Award Document: 

(i) a permanent and total disability that entitles the Participant to disability income payments under any long-term
disability plan or policy provided by the Company under which the Participant is covered, as such plan or policy is then in effect; or 

(ii) if such Participant is not covered under a long-term disability plan or policy provided by the Company at such time
for whatever reason, then a “permanent and total disability” as defined in Section 22(e)(3) of the Code and, in this case, the existence of any such Disability will be certified by a physician acceptable to the Company. 

(m) “Distribution Date” means the effective date of the distribution in connection with the Spinoff. 

(n) “Employment Agreement” means any employment, severance, consulting or similar agreement (including any offer letter)
between the Company or any of its Affiliates and a Participant. 
 (o) “Exchange Act” means the United States
Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Exchange Act shall include any successor provision thereto. 

(p) “Fair Market Value” means (i) with respect to a Share, the closing price of a Share on the date in question
(or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred) on the principal stock market or exchange on which the Shares are quoted or traded, or if Shares are not so quoted or traded, the fair
market value of a Share as determined by the Committee, and (ii) with respect to any property other than Shares, the fair market value of such property determined by such methods or procedures as shall be established from time to time by the
Committee. 
 (q) “Former Parent Committee” means the Compensation and Human Resources Committee of the Board of
Directors of Former Parent. 
 (r) “Former Parent Plans” means the Delphi Automotive PLC Long-Term Incentive Plan (as
amended and restated effective April 23, 2015), or any similar or predecessor plan sponsored by Former Parent or any of its subsidiaries, as applicable, under which any awards remain outstanding as of the date immediately prior to the
Distribution Date. 
 (s) “Good Reason” means, with respect to any Participant, “good reason” as defined in
such Participant’s Employment Agreement, if any, or if not so defined, except as otherwise provided in such Participant’s Award Document, the occurrence of any one or more of the following events: 

(i) a material diminution in the Participant’s base salary; 

(ii) a material diminution in the Participant’s authority, duties, or responsibilities; 

(iii) a relocation of the Participant’s principal place of employment more than fifty (50) miles from its
location; or 
 (iv) any other action or inaction that constitutes a material breach by the Company of the
Participant’s Employment Agreement, if any; 

  
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 in each case, without the Participant’s consent. A Participant must provide notice to the Company of the
existence of any one or more of the conditions described in (i) through (iv) above within sixty (60) days of the initial existence of the condition, upon the notice of which the Company will have a period of thirty (30) days during
which it may remedy the condition before the condition gives rise to Good Reason. 
 (t) “Incentive Stock Option”
means an option representing the right to acquire Shares from the Company, granted in accordance with the provisions of Section 5, that meets the requirements of Section 422 of the Code. 

(u) “Intrinsic Value” with respect to an Option or SAR Award means (i) the excess, if any, of the price or implied
price per Share in a Change in Control or other event over the exercise or hurdle price of such Award multiplied by (ii) the number of Shares covered by such Award. 

(v) “Non-Employee Director” means a member of the Board who is not an employee
of the Company or an Affiliate. 
 (w) “Non-Qualified Stock Option” means an
option representing the right to acquire Shares from the Company, granted in accordance with the provisions of Section 5, that is not an Incentive Stock Option. 

(x) “Option” means an Incentive Stock Option or a Non-Qualified Stock Option;
provided, however, that any Option granted to a Non-Employee Director, consultant or other advisor shall be a Non-Qualified Stock Option. 

(y) “Other Stock-Based Award” means an Award granted in accordance with the provisions of Section 9. 

(z) “Participant” means the recipient of an Award granted under the Plan. 

(aa) “Performance Award” means an Award granted in accordance with the provisions of Section 8. 

(bb) “Performance Period” means the period established by the Committee at the time any Performance Award is granted or
at any time thereafter during which any performance goals specified by the Committee with respect to such Award are measured. 

(cc) “Replacement Award” means an Award granted in assumption of, or in substitution for, an outstanding award
previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines. 

(dd) “Restricted Stock” means any Share granted in accordance with the provisions of Section 7. 

(ee) “RSU” means a contractual right granted in accordance with the provisions of Section 7 that is denominated in
Shares. Each RSU represents a right to receive the value of one Share. Awards of RSUs may include the right to receive dividend equivalents. 

(ff) “SAR” means any right granted in accordance with the provisions of Section 6 to receive upon exercise by a
Participant or settlement the excess of (i) the Fair Market Value of one Share on the date of exercise or settlement over (ii) the exercise or hurdle price of the right on the date of grant, or if granted in connection with an Option, on
the date of grant of the Option. 
 (gg) “Section 162(m) Compensation” means “qualified
performance-based compensation” within the meaning of Section 162(m) of the Code. 
 (hh) “Shares” means
ordinary shares of the Company. 
 (ii) “Termination of Service” means: 

(i) in the case of a Participant who is an employee of the Company or an Affiliate, cessation of the employment
relationship such that the Participant is no longer an employee of the Company or Affiliate; 

  
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 (ii) in the case of a Participant who is a
Non-Employee Director, the date that the Participant ceases to be a member of the Board for any reason; or 

(iii) in the case of a Participant who is a consultant or other advisor, the effective date of the cessation of the
performance of services for the Company or an Affiliate; 
 provided, however, that in the case of an employee, the transfer of employment
from the Company to an Affiliate, from an Affiliate to the Company, from one Affiliate to another Affiliate or, unless the Committee determines otherwise, the cessation of employee status but the continuation of the performance of services for the
Company or an Affiliate as a member of the Board or a consultant or other advisor shall not be deemed a cessation of service that would constitute a Termination of Service; and provided further, that a Termination of Service will be
deemed to occur for a Participant employed by an Affiliate when an Affiliate ceases to be an Affiliate, unless such Participant’s employment continues with the Company or another Affiliate. Notwithstanding the foregoing, with respect to any
Award subject to Section 409A of the Code (and not exempt therefrom), a Termination of Service occurs when a Participant experiences a “separation from service” (as such term is defined under Section 409A of the Code). 

  
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