Document:

EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This Separation Agreement (the “Separation Agreement”) is made as of this 23rd
day of May, 2016 by and among Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”) and John A. Godfrey (“Executive,” and together with the Company, the “Parties”). 

WHEREAS, Executive has been employed by the Company (and its predecessor) under terms set forth in the Employment Agreement dated as of
October 13, 2014, effective as of October 13, 2014 between Executive and the Company (the “Employment Agreement”); 

WHEREAS, the Employment Agreement was assigned to the Company on April 28, 2016; 

WHEREAS, Executive’s employment with the Company will end by Executive’s separation of employment (the “Separation”) on
June 30, 2016 (the “Separation Date”) after which Executive will retire from the Company; and 
 WHEREAS, the Parties desire
to enter into this Separation Agreement in order to set forth the definitive rights and obligations of the Parties in connection with the Separation. 

NOW, THEREFORE, in consideration of the mutual covenants, commitments and agreements contained herein, and for other good and valuable
consideration the receipt and sufficiency of which is hereby acknowledged, the Parties intending to be legally bound hereby agree as follows: 

1. Acknowledgment of Separation. The Parties acknowledge and agree that the Separation will occur on the Separation Date In addition,
notwithstanding anything to the contrary, the Parties acknowledge and agree that all provisions of the Employment Agreement will terminate effective as of the Separation Date, with the exception of the provisions of Sections 4.3, 7.1, 7.2, 7.3, 7.5,
7.6, 7.7, 7.8, 7.9, 7.10, 9.7, 9.8, 9.9, 9.14, 9.15 and Article 8 of the Employment Agreement (collectively, the “Surviving Employment Agreement Provisions”), which shall survive the Separation and the effectiveness of this Separation
Agreement and will remain in full force and effect after the Separation Date in accordance with their terms, regardless of the reason for this termination of employment. The post-separation provisions of the Employment Agreement, including
specifically Sections 7.2, 7.3, 7.5, 7.6 and 7.7, with respect to periods after the “Term” (as such term is used in the Employment Agreement) shall be considered effective as of and shall run from the Separation Date and the Restriction
Period for purposes of this Separation Agreement shall be 18 months. Upon the Separation, Executive shall be treated as having resigned from all positions Executive held with the Company and its subsidiaries, whether as a director, officer, manager
or any other position. 
 2. Executive’s Acknowledgment of Consideration. Executive specifically acknowledges that the
obligations and payments set forth in Section 3(a) below were agreed to by the Parties upon entering into the Employment Agreement, and the other obligations and payments of the Company set forth in Section 3 hereof and the release of the
Company granted in Section 7 hereof are being provided by the Company in consideration for the release granted by Executive in Section 7 hereof. 

 3. Payments and Benefits Upon and After the Separation. 

(a) Accrued Salary, Expenses and Bonus. The Company shall pay or cause to be paid to Executive all accrued but unpaid base salary. In
addition, promptly upon submission by Executive of his unpaid expenses incurred prior to the Separation Date as described in Article 5 of the Employment Agreement, reimbursement for such expenses shall be made. The Company shall pay these amounts
within ten (10) days of the Separation Date. In addition, Executive shall be eligible to receive a pro-rated annual bonus for the year 2016 payable along with other management bonuses no later than March 15, 2017. Executive shall not be
eligible for any bonus for the year 2017 or any subsequent year. 
 (b) Severance. The severance to be paid to Executive shall be
salary continuation at the rate of Executive’s annual base salary as of the Effective Date of Five Hundred Twenty Five Thousand Dollars ($525,000), payable in accordance with the Company’s regular salary payment schedule through
December 31, 2016. 
 (c) Equity Awards and Non-Equity Awards. All of Executive’s stock options, restricted stock units,
and performance shares (collectively, “Equity Awards”) and performance cash units (“Non-Equity Awards”) that would have vested between the Separation Date and June 30, 2017 shall survive termination and shall
vest and, as applicable, shall be settled in accordance with the terms of the applicable award agreements in which such outstanding Equity Awards and Non-Equity Awards were granted. All of Executive’s vested stock options as of the Separation
Date and those stock options that vest between the Separation Date and June 30, 2017 shall survive the Separation Date until the earlier of (i) June 30, 2018 or (ii) the expiration of the original terms of the vested stock options
(the “Exercise Period”). During the Exercise Period, Executive may exercise such vested stock options and any of such stock options which shall vest between the Separation Date and June 30, 2017 and any of such stock options
which remain unexercised on June 30, 2018 shall expire thereafter and be cancelled and terminated. All unvested Equity Awards and Non-Equity Awards (other than those Equity Awards and Non-Equity Awards that vest between the Separation Date and
June 30, 2017) are hereby cancelled and terminated on the Separation Date. 
 (d) Other Benefits Payments. The Company shall pay
or make available to Executive all benefits described under Section 6.5.2(b) of the Employment Agreement with respect to “Health and Disability Coverage Continuation” described therein for a maximum period of thirty (30) months
from the Separation Date, conditioned upon Executive’s timely election of COBRA coverage. Executive shall promptly advise the Company if he becomes covered under other insurance plans other than Medicare. Any reimbursement that is
taxable to the Executive shall be made not later than December 31 of the calendar year following the calendar year in which Executive or family member incurred the expense. For the avoidance of doubt, and consistent with the terms of the
Employment Agreement, if at any time, the Company determines that its payment of premiums would result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Internal Revenue Code of 1986, as amended (the “Code”) or
any other Code section, law or 

  
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regulation of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu
of paying such premiums, the Company will instead pay to Executive a fully taxable monthly cash payment in an amount such that, after payment by Executive of all taxes on such payment, Executive retains an amount equal to the premiums the Company
would have paid for such month, with monthly payment being made on the last day of each month for the remainder of the applicable period. The benefits provided under this provision and in Section 6.5.2(b) of the Employment Agreement shall
not extend the period for which Executive and each of his Qualified Beneficiaries are eligible for COBRA Coverage. 
 (e) Tax
Withholding. The Company shall be entitled to withhold from any amounts otherwise payable hereunder to Executive any amounts required to be withheld in respect of federal, state or local taxes and Executive shall be responsible for all taxes on
amounts received under or related to this Separation Agreement. 
 (f) No Duty to Mitigate. The payments contemplated herein shall
not be subject to any duty of mitigation by Executive nor to offset for any income earned by Executive following Separation. 
 (g)
Violation of Non-Competition Provisions. In the event the Executive competes with the Company or any of its subsidiaries prior to December 31, 2018, as discussed in Section 6 below, Executive shall not be entitled to receive any
additional payments from the Company or Company benefits described in this Section 3 above with respect to periods after the commencement of any such competitive activity or otherwise, and all such obligations shall be extinguished. In
addition, all unvested Equity Awards and Non-Equity Awards and unexercised stock options shall be cancelled and terminated after the commencement of any such competitive activity or otherwise. 

4. Consulting Services; Cooperation. 

(a) Consulting. For a period of six (6) months beginning on the Separation Date (the “Consulting Period”), the Company
will retain Executive to act on a part-time basis as an independent consultant (for no additional compensation), as reasonably directed by the Company, in assisting the Company as determined in the discretion of the Chief Executive Officer. If
Executive takes another executive position during the Consulting Period (subject to his non-competition restrictions as set forth in Section 6 of this Separation Agreement), Executive shall have the right to terminate his obligation to provide
consulting services upon written notice to the Company. Executive shall make himself reasonably available during the Consulting Period, but the parties agree that said commitment shall not exceed twenty-five (25) hours per month. The Company
expressly agrees that Executive shall only be liable for breach of Executive’s obligations under this Section 4(a) to the extent Executive engages in gross negligence or willful misconduct with respect to those services and, in such event,
the Company expressly agrees that it shall not be entitled to seek money damages in excess of $10,000 for all such breaches. 
 (b)
Reimbursement of Expenses; Independent Contractor Status. The Company agrees to reimburse Executive for all reasonable out-of-pocket costs and expenses 

  
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incurred in connection with the consulting services provided under this Section upon presentation of appropriate documentation thereof. In connection with the Executive’s activities on
behalf of the Company as an independent consultant pursuant to this Section, Executive acknowledges and agrees that he is acting as an independent contractor, engaged in the conduct of his own separate business and is not a partner, joint venturer,
an agent or employee of the Company for any purpose. Executive also acknowledges and agrees that Executive has no right or authority or ability to enter into any contracts or assume any obligations or give any warranties or make any representations
on behalf of the Company or to bind the Company in any way, and Executive will not convey or represent that he has any such authority. Executive agrees that, other than the consulting services described in this Section, Executive will not otherwise
hold himself out as acting for or on behalf of the Company. The Company shall indemnify and hold Executive harmless from any claim or liability arising from actions taken by Executive in good faith in performing the services required under this
Section 4, including any costs of defense or attorney’s fees; provided that (1) the Company shall have the right, at its expense, to assume or participate in the defense of any claim or action covered by such indemnity, (2) the
Company shall not be liable for any settlement or compromise of any claim or action covered by such indemnity unless the Company has consented in writing to such settlement or compromise (which consent shall not be unreasonably withheld) and
(3) the Company shall not be liable under this indemnity to the extent that it is determined in a final judgment by a court of competent jurisdiction or final arbitration proceeding that such claim or liability resulted from any acts or
failures to act undertaken or omitted to be taken by Executive through his gross negligence or willful misconduct. 
 (c)
Cooperation. Executive also agrees to cooperate with the Company and its attorneys in any current or future litigation or claims involving the Company or any of its subsidiaries in which Executive might be a witness or for which Executive may
have material information including, but not limited to, any and all meetings, depositions, arbitrations, mediations, trials, etc. This cooperation obligation shall be limited to forty (40) hours per year and it shall expire on
December 31, 2018. 
 5. Confidential Information; Prohibitions on Certain Actions by Executive; Cooperation. 

(a) Disclosure of Separation Agreement. In addition to and without limiting the provisions of Section 7.1 of the Employment
Agreement, the Executive shall, and the Company agrees to cause each of the Chief Executive Officer, Chief Financial Officer, General Counsel and any executive and senior vice president of the Company (the “Designated Company Executives”)
to, keep this Separation Agreement, and the terms and subject matter hereof, strictly confidential, and no disclosure or public announcement will be made by any of them (except as required by applicable law, including but not limited to any
securities laws and the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”)) with respect to this Separation Agreement (including the existence thereof, or the terms or subject matter hereof) without the prior
agreement of the other Party; provided, however, that (i) the Company may issue a mutually agreed upon press release announcing Executive’s departure and from time to time may comment on, or make public disclosures regarding, the
Separation in a manner consistent with such press release; (ii) the Company and Executive may provide this Separation Agreement to and 

  
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share such information with applicable gaming regulatory authorities; and (iii) the Company and Executive may share such information with their legal, tax and accounting advisors. Executive
agrees to direct all inquiries concerning Executive’s employment with the Company to the Company’s Chief Executive Officer or General Counsel. Executive acknowledges that the Company intends to file this Separation Agreement with the SEC
as an exhibit to its periodic reports filed with the SEC and to describe its terms in its SEC filings. The Company acknowledges that Executive may disclose the existence of this Separation Agreement and any details related thereto to the extent that
such information has been filed by the Company with the SEC or if the Company has otherwise released such information to the public. 
 (b)
Prohibition on Certain Actions by Executive. Executive acknowledges that, given Executive’s position with the Company prior to the Separation, Executive possesses substantial non-public information and other confidential information
regarding the Company which has substantial economic value to the Company, including without limitation information relating to the Company’s development plans, prospects, and financial, organizational, managerial, administrative, customer and
marketing information regarding the Company, much of which the Company considers highly sensitive information. Executive has agreed, pursuant to Section 7.1 of the Employment Agreement, to, among other things, not directly or indirectly
disclose, divulge, communicate, use or otherwise disclose any such information. In order to better ensure that such information is not used inappropriately by Executive, in addition to Executive’s obligations under Section 7.1 of the
Employment Agreement, which survives the Separation and the effectiveness of this Separation Agreement, for a period of thirty (30) months from the Separation Date, Executive shall not, nor shall it permit any Affiliate or Associate (as such
terms are hereinafter defined) or representative of Executive (such Affiliates, Associates and representatives, collectively and individually, the “Executive Affiliates”) to, directly or indirectly: 

(i) effect or seek, offer or propose (whether publicly or otherwise) to effect, or cause or participate in or in any way assist any other
person to effect or seek, offer or propose (whether publicly or otherwise) to effect or participate in: 
 (1) any solicitation of proxies
or written consents of stockholders, or conduct any other type of referendum (binding or non-binding) with respect to, or from the holders of, the common stock of the Company (the “Common Stock”) (other than by voting his or its shares of
Common Stock in a way that does not violate this Separation Agreement), or become a participant in any contested solicitation with respect to the Company, including without limitation relating to the removal or the election of directors of the
Company or seek representation on the Company’s Board of Directors or a change in the composition or size of the Company’s Board of Directors; 

(2) any acquisition of any securities (or beneficial ownership thereof) or assets of the Company or any of its subsidiaries (other than the
exercise by Executive of stock options held by Executive as of the Separation Date, and excluding personal, passive investments by Executive in the Company’s securities from time to time), 

  
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 (3) any tender or exchange offer, merger or other business combination involving the Company or
any of its subsidiaries, or 
 (4) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with
respect to the Company or any of its subsidiaries; or 
 (ii) form, join or participate in a partnership, limited partnership, limited
liability company, syndicate, person or other group, including without limitation a group as defined under Section 13(d) of the Exchange Act (as defined below), with respect to the Common Stock, or otherwise assist, support or participate in
any effort by any person with respect to the matters set forth in subparagraph (i) above, or deposit any shares of Common Stock in a voting trust or subject any shares of Common Stock to any voting agreement; 

(iii) otherwise act, alone or in concert with others, to seek to control or influence the management, Board of Directors or policies of
the Company; 
 (iv) publicly announce any intention to take any action, or take any action which might force the Company to make a public
announcement, in either case, regarding any of the types of matters set forth in subparagraph (i) above; or 
 (v) enter into any
discussions or arrangements with any person with respect to any of the foregoing (including the matters set forth in subparagraph (i) above). 

Executive also agrees, on behalf of itself and its Affiliates, Associates and representatives, not to request the Company (or its directors, officers,
employees or agents), directly or indirectly, amend or waive any provision of this Section 5 (including this sentence). 
 (c) For
purposes of this Separation Agreement: the terms “Affiliate” and “Associate” shall have the respective meanings set forth in Rule 12b-2 promulgated by the SEC under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) (except that the 10% threshold in the definition of “Associate” shall be replaced with 1% and beneficial ownership under such definition shall include the right to acquire securities whether such right is
exercisable immediately or only after the passage of time or only after satisfaction of conditions); and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited
partnership, limited liability or unlimited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature. 

6. Covenant Not to Compete. For a period of thirty (30) months after the Separation Date, Executive shall not, directly or
indirectly, work for or provide services to or own an equity interest (except for owning up to one-half percent (0.5%) of the securities of a publicly traded entity) in any person, firm or entity engaged (directly or indirectly or through an
investment in another entity) in the casino gaming, card club, VLT or horseracing business that competes against the Company in any market as defined in the following sentence (including without limitation any person, firm or entity whose only
competitive relationship with the Company is in the market as defined in the following sentence in which the Company has its principal place of business but does not also own or 

  
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manage a casino in such market). For purposes of this Separation Agreement, “market” shall be defined as the area within a 100 mile radius of the Company’s principal place of
business or of any casino, card club, VLT or horseracing facility owned (directly or indirectly or through an investment in another entity) or operated or under construction by the Company or its affiliates, except that for Louisiana, the area shall
be limited to the following Louisiana parishes: Calcasieu Parish, Bossier Parish, Caddo Parish, Jefferson Parish, Orleans Parish, St. Mary Parish, East Baton Rouge Parish, Avoyelles Parish, St. Landry Parish, Allen Parish, and Jefferson Davis
Parish. 
 7. Executive Release and Waiver. 

(a) Executive Release. Executive, for and on behalf of himself and each of his heirs, executors, administrators, personal
representatives, successors and assigns (the “Releasors”), to the maximum extent permitted by law, hereby fully and forever releases, acquits and discharges the Company, together with its subsidiaries, parents and affiliates, and each of
their past and present direct and indirect stockholders, directors, affiliates, members, partners, officers, employees, attorneys, agents and representatives, and their heirs, executors, administrators, personal representatives, successors and
assigns (collectively, the “Releasees”), from any and all claims, demands, suits, causes of action, liabilities, obligations, judgments, orders, debts, liens, contracts, agreements, covenants and causes of action of every kind and nature,
whether known or unknown, suspected or unsuspected, concealed or hidden, vested or contingent, in law or equity, existing by statute, common law, contract or otherwise, which have existed, may exist or do exist, through and including the execution
and delivery by Executive of this Separation Agreement, including, without limitation, any of the foregoing arising out of or in any way related to or based upon: 

(i) Executive’s application for and employment with the Company, his being an officer, director or employee of the Company or any of its
subsidiaries, or the Employment Agreement or the Separation; 
 (ii) any and all claims in tort or contract, and any and all claims
alleging breach of an express or implied, or oral or written, contract, policy manual or employee handbook; 
 (iii) any alleged
misrepresentation, defamation, interference with contract, intentional or negligent infliction of emotional distress, sexual harassment, negligence or wrongful discharge; or 

(iv) any federal, state or local statute, ordinance or regulation, including but not limited to the Age Discrimination in Employment Act of
1967, as amended, Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act and Women’s Equity Act of 1991; Sections 1981 through 1988 of Title 42 of the United States Code; the Equal Pay Act of 1963, as amended; the
Occupational Safety and Health Act of 1970; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Consolidated Omnibus Budget Reconciliation Act of 1985; the Vocational Rehabilitation Act of 1973; the Worker
Adjustment Retraining and Notification Act of 1988; the Employee Retirement Income Security Act of 1974; the Fair Labor Standards Act and the National Labor Relations Act, as amended, and the Older Workers Benefit Protection Act. 

  
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 (b) Exceptions to Executive Release. Notwithstanding any other provision of this
Separation Agreement to the contrary, the release by the Executive does not: (i) limit in any way the Executive’s rights under this Separation Agreement and under the Surviving Employment Agreement Provisions, (ii) release any rights
under applicable law which cannot be waived or released pursuant to any agreement, (iii) release any rights Executive may have to indemnification under the bylaws or governing documents of the Company or any of its subsidiaries or under
applicable law, or (iv) release any rights Executive may have as a direct insured under the Company’s directors’ and officers’ liability insurance policies. 

(c) Current or Pending Claims of any Kind and No Relief for Released Claims. Executive and Releasors have not and as of the date of
this Separation Agreement will not have filed any civil action, suit, arbitration, administrative charge or legal proceeding against any Releasee, nor has the Executive or any Releasor assigned, pledged or hypothecated any claim as of the Separation
Date to any person and no other person has any interest in the claims that Executive or any Releasor is releasing herein. Executive agrees that should any person or entity file or cause to be filed any civil action, suit, arbitration or other legal
proceedings seeking equitable or monetary relief concerning any claim released by Executive, neither Executive nor any Releasor will seek or accept any personal relief from or as the result of any action, suit or arbitration or other legal
proceeding. 
 (d) Effect of Executive Release and Waiver. Executive understands and intends that this Section 7 constitutes a
general release of all claims except as otherwise provided in Section 7(b), above, and that no reference therein to a specific form of claim, statute or type of relief is intended to limit the scope of such general release and waiver. 

(e) Executive Waiver of Unknown Claims. Executive or any Releasor may hereafter discover claims or facts in addition to or different
than those which he now knows or believes to exist with respect to the subject matter of this Separation Agreement and which, if known or suspected at the time of entering into this Separation Agreement, may have materially affected this Separation
Agreement and his decision to enter into it; nevertheless, Executive hereby waives any right, claim or cause of action that might arise as a result of such different or additional claims or facts. 

(f) ADEA Release. Executive agrees and expressly acknowledges that this Separation Agreement includes a waiver and release of all
claims which Executive has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver
and release of ADEA claims under this Separation Agreement: 
 (i) The waiver and release of claims under the ADEA contained in this
Separation Agreement do not cover rights or claims that may arise after the date on which Executive executes and delivers this Separation Agreement to the Company. 

  
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 (ii) This Separation Agreement involves consideration in addition to anything of value to which
Executive is already entitled. 
 (iii) Executive is advised to consult an attorney before signing this Separation Agreement. If Executive
executes this Separation Agreement prior to the expiration of the period specified in Section 7(f)(iv) below, Executive does so voluntarily and after having had the opportunity to consult with an attorney. 

(iv) Executive is granted twenty-one (21) days after Executive is presented with this Separation Agreement to decide whether or not to
sign this Separation Agreement. 
 (v) Executive will have the right to revoke the waiver and release of claims under the ADEA within seven
(7) days after the Separation Date and Executive has reaffirmed this Separation Agreement. This Section 7(f) shall not become effective or enforceable until that revocation period has expired. Executive understands and agrees that
Executive shall refund any consideration that has been previously paid to Executive, and shall receive no further consideration, if Executive revokes the waiver and release of ADEA claims. 

8. Company Release and Waiver. The Company, on its behalf, and on behalf of all of its subsidiaries and its and their successors and
assigns (“Company Parties”), intending to be legally bound, to the maximum extent permitted by law, hereby fully and forever releases, acquits, and discharges Executive, his heirs, executives, administrators, personal representatives,
attorneys, agents, successors and permitted assigns, from any and all liabilities, obligations, judgments, orders, debts, liens, contracts, agreements, covenants and causes of action of every kind and nature, whether known or unknown, suspected or
unsuspected, concealed or hidden, vested or contingent, in law or equity, existing by statute, common law, contract or otherwise, which have existed, may exist or do exist, up to and including the execution and delivery by Executive of this
Separation Agreement, including, without limitation, any of the foregoing arising out of or in any way related to or based upon all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which the Company ever had, now
has, or hereafter may have, by reason of any matter, cause or thing whatsoever up to and including the execution and delivery by Executive of this Separation Agreement, and particularly, but without limitation of the foregoing general terms, any
claims arising from or relating in any way to Executive’s relationship with Company or its subsidiaries as an employee or director, the terms and conditions of that relationship, the termination of that relationship, and any claim that the
Executive violated any provision of the Employment Agreement, including, but not limited to, any claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized. This release is effective without
regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort. 

(a) Scope of Company Release. The Company expressly waives all rights afforded by any statute which limits the effect of a release with
respect to unknown claims. The Company understands the significance of its release of unknown claims and its waiver of statutory protection against a release of unknown claims. 

  
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 (b) Exceptions to Company Release. Notwithstanding any other provision of this Separation
Agreement to the contrary, the release by the Company does not: (i) limit in any way the Company’s rights under this Separation Agreement and under the Surviving Employment Agreement Provisions, (ii) release any claim based on any
other act or omission for which the Company would not have the power to indemnify Executive pursuant to Section 145 of the Delaware General Corporate Law, (iii) release any claim based on any rights under applicable law which cannot be
waived or released pursuant to any agreement, or (iv) release any claim to any short-swing trading profits earned by him in violation of the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended. 

(c) Current or Pending Claims of any Kind and No Relief for Released Claims. The Company and the other Company Parties have not and as
of the date of this Separation Agreement will not have filed any civil action, suit, arbitration, administrative charge or legal proceeding against the Executive, nor have the Company or any of the other Company Parties assigned, pledged or
hypothecated any claim as of the Separation Date to any person and no other person has any interest in the claims that the Company and the other Company Parties are releasing herein. The Company and the other Company Parties agree that should any
person or entity file or cause to be filed any civil action, suit, arbitration or other legal proceedings seeking equitable or monetary relief concerning any claim released by the Company and the other Company Parties, the Company and the other
Company Parties will not seek or accept any personal relief from or as the result of any action, suit or arbitration or other legal proceeding. 

(d) Effect of the Company’s Release and Waiver. The Company and the other Company Parties understand and intend that this
Section 8 constitutes a general release of all claims except as otherwise provided in Section 8(b), above, and that no reference therein to a specific form of claim, statute or type of relief is intended to limit the scope of such general
release and waiver. 
 (e) The Company’s Waiver of Unknown Claims. The Company and the other Company Parties may hereafter
discover claims or facts in addition to or different than those which they now know or believe to exist with respect to the subject matter of this Separation Agreement and which, if known or suspected at the time of entering into this Separation
Agreement, may have materially affected this Separation Agreement and their decision to enter into it; nevertheless, the Company and the other Company Parties hereby waive any right, claim or cause of action that might arise as a result of such
different or additional claims or facts. 
 9. Return of Corporate Property. Executive hereby covenants and agrees to immediately
return all Company files, records and other property in Executive’s possession, including such Company property located at Executive’s home in Las Vegas, Nevada. 

10. Non-Disparagement. 

(a) Executive agrees that from and after the date hereof, he will not disparage (or induce or encourage others to disparage) the Company, any
of its affiliates or 

  
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any of its or their officers, directors, executives, employees or stockholders. As used herein, the term “disparage,” includes, without limitation, comments or statement to the press,
any of the Company’s or its affiliates’ officers, directors, executives, employees or stockholders or any person with whom the Company or any of its affiliate has a business relationship which is designed to or would reasonably be expected
to adversely affect in any manner, the conduct of any of the Company’s or any of its affiliates’ business or the business or personal reputations of the Company, its affiliates or any of the Company’s or its affiliates’ officers,
directors, executives, employees or shareholders. 
 (b) The Company agrees that from and after the date hereof, it shall not permit the
Designated Company Executives to disparage (or induce or encourage others to disparage) Executive. As used herein, the term “disparage,” includes, without limitation, comments or statement to the press, any of the Company’s or its
affiliates’ officers, directors, executives, employees, or stockholders or any person known to the Company to have a business relationship with Executive which is designed to or would reasonably be expected to adversely affect in any manner the
conduct of Executive’s business or the personal reputation of Executive. 
 11. Remedies. 

(a) The Parties hereby acknowledge and affirm that in the event of any breach by Executive or the Company of any of the covenants, agreements,
and obligations hereunder, monetary damages would be inadequate to compensate the Parties. Accordingly, in addition to other remedies which may be available to the Parties hereunder or otherwise at law or in equity, the Parties shall be entitled to
specifically enforce such covenants, obligations and restrictions through injunctive and/or equitable relief, in each case without the posting of any bond or other security with respect thereto. Should any provision hereof be adjudged to any extent
invalid by any court or tribunal of competent jurisdiction, each provision shall be deemed modified to the minimum extent necessary to render it enforceable. 

(b) Executive hereby acknowledges and affirms that, in the event of a breach by Executive of any of Executive’s covenants, agreements,
and obligations under this Separation Agreement, in addition to any other remedies which may be available to the Company hereunder or otherwise at law or in equity, the Company shall have the right to terminate any payments due hereunder and to
recover of any payments previously made and rights previously granted hereunder. 
 12. Acknowledgment of Voluntary Agreement.
Executive acknowledges that he has entered into this Separation Agreement freely and without coercion, that he has been advised by the Company to consult with counsel of his choice, that he has had adequate opportunity to so consult, and that he has
been given all time periods required by law to consider this Separation Agreement, including but not limited to the 21-day period required by the ADEA. 

13. Complete Agreement; Inconsistencies. This Separation Agreement, including the Surviving Employment Agreement Provisions and any
other documents referenced herein, constitute the complete and entire agreement and understanding of the Parties with 

  
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respect to the subject matter hereof, and supersedes in its entirety any and all prior understandings, commitments, obligations and/or agreements, whether written or oral, with respect thereto;
it being understood and agreed that this Separation Agreement and including the mutual covenants, agreements, acknowledgments and affirmations contained herein, is intended to constitute a complete settlement and resolution of all matters set forth
in Sections 7 and 8 hereof. 
 14. 409A Additional Tax. The compensation and benefits provided under this Agreement are intended to
either comply with the applicable requirements of the statutory provisions of Section 409A of the Code and any Treasury Regulations and other interpretive guidance issued thereunder (collectively “Code Section 409A”) or
satisfy the requirements of an applicable exception thereto, and, notwithstanding anything herein to the contrary, this Agreement shall be construed and administered in accordance with such intent. In the event the Company determines that any
compensation or benefit payable hereunder may violate applicable requirements of Code Section 409A, the Company (without any obligation to do so or obligation to indemnify the Executive for any failure to do so) may adopt, without the consent
of the Executive, such amendments to this Agreement or take any other actions that the Company in its sole discretion determines are necessary or appropriate for such compensation or benefit to either (a) be exempt from the requirements of Code
Section 409A or (b) comply with the applicable requirements of Code Section 409A. In the event that any compensation with respect to Executive’s termination is “deferred compensation” within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations thereunder (“Section 409A”), payment of such compensation shall be delayed as required by
Section 409A(a)(2)(B)(i). Such delay shall last six months from the Separation Date, except in the event of Executive’s death. Within 30 days following the end of such six-month period, or, if earlier, Executive’s death, the
Company will make a catch-up payment to Executive equal to the total amount of such payments that would have been made during the six-month period but for this Section 14. Wherever payments under this Agreement are to be made in
installments, each such installment shall be deemed to be a separate payment for purposes of Section 409A. Whenever a payment under this Agreement specifies a payment period, the actual date of payment within such specified period shall be
within the sole discretion of the Company, and Executive shall have no right (directly or indirectly) to determine the year in which such payment is made. With respect to compensation and benefits that are subject to the requirements of Code
Section 409A, in the event a payment period straddles two consecutive calendar years, the payment shall be made in the later of such calendar years. In no event does the Company guarantee any particular tax consequences, outcome or tax
liability to the Executive. No provision of this Agreement shall be interpreted or construed to transfer any liability imposed on the Executive under the Code, including any liability due to a failure to comply with the requirements of Code
Section 409A, from the Executive or any other individual to the Company or its subsidiaries, affiliates or successors.
 15.
Arbitration. Except for a claim for injunctive relief, any controversy, dispute, or claim between the Parties arising out of this Separation Agreement shall be settled exclusively by arbitration pursuant to the provisions of Article 8 of the
Employment Agreement, and such provision is incorporated herein by this reference. 
 16. Governing Law. All issues and questions
concerning the construction, 

  
 - 12 - 

 
validity, enforcement and interpretation of this Separation Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada, without giving effect to any choice
of law or conflict of law rules or provisions that would cause the application hereto of the laws of any jurisdiction other than the State of Nevada. In furtherance of the foregoing, the internal law of the State of Nevada shall control the
interpretation and construction of this Separation Agreement, even though under any other jurisdiction’s choice of law or conflict of law analysis the substantive law of some other jurisdiction may ordinarily apply. 

17. Notices. All notices, requests, demands and other communications to be given under this Separation Agreement shall be in writing
and shall be deemed to have been duly given on the date of service, if personally served on the party to whom notice is to be given, or 48 hours after mailing, if mailed to the party to whom notice is to be given by certified or registered mail,
return receipt requested, postage prepaid, and properly addressed to the party at his address set forth as follows or any other address that any party may designate by written notice to the other parties: 

 

					
		 	To Executive:	  	John A. Godfrey
		 		  	At the address in the Company’s records
			
		 	To the Company:	  	Pinnacle Entertainment, Inc.
		 		  	3980 Howard Hughes Parkway
		 		  	Las Vegas, NV 89169
		 		  	Attn: Chief Executive Officer
		 		  	Telephone: (702) 541-7777
		 		  	Facsimile:  (702) 541-7773

 18. Severability. The invalidity or unenforceability of any provision of this Separation Agreement
shall not affect the validity or enforceability of any other provision of this Separation Agreement, which shall otherwise remain in full force and effect. 

19. Counterparts. This Separation Agreement may be executed in separate counterparts, each of which shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. 
 20. Successors and Assigns. The Parties’
obligations hereunder shall be binding upon their successors and permitted assigns. The Parties’ rights and the rights of the other Releasees shall inure to the benefit of, and be enforceable by, any of the Parties’ and Releasees’
respective successors and permitted assigns. Executive may not assign any of his rights and obligations under this Separation Agreement, except as may be agreed to in writing by the Company. The Company may assign all rights and obligations of this
Separation Agreement to any successor in interest to the assets or business of the Company. In the event that the Company is dissolved, all obligations of the Company under this Separation Agreement shall be provided for in accordance with
applicable law. 
 21. Amendments, Waivers and Delay. The failure or delay on the part of the Company, or Executive to exercise any
right or remedy, power or privilege hereunder shall not operate as a waiver thereof. No amendment to or waiver of this Separation Agreement or any of its terms shall be binding upon any Party unless consented to in writing by such Party. 

  
 - 13 - 

 22. Headings. The headings of the sections and subsections hereof are for purposes of
convenience only, and shall not be deemed to amend, modify, expand, limit or in any way affect the meaning of any of the provisions hereof. 

23. Construction. All terms and definitions contained herein shall be construed in such a manner that shall give effect to the fullest
extent possible to the express or implied intent of the parties hereby. 
 24. Attorneys’ Fees. In the event a Party commences
an action to enforce the terms of this Separation Agreement, or for damages for a breach arising out of or relating to this Separation Agreement, the prevailing Party shall be entitled to an award of reasonable attorneys’ fees. 

25. Counsel. Executive has been advised by the Company that he should consider seeking the advice of counsel in connection with the
execution of this Separation Agreement and Executive has had an opportunity to do so. Executive has read and understands this Separation Agreement, and has sought the advice of counsel to the extent he has determined appropriate. The Company shall
reimburse Executive for the reasonable fees and expenses of Executive’s counsel in connection with this Separation Agreement. 

[SIGNATURES APPEAR ON THE FOLLOWING PAGE] 

  
 - 14 - 

 IN WITNESS WHEREOF, the Parties have executed this Separation Agreement effective as of the date
of the first signature affixed below or as otherwise provided in this Separation Agreement. 
  

			
	DATED: May 23, 2016
	
	PINNACLE ENTERTAINMENT, INC.
		
	By:	 	 /s/ Anthony Sanfilippo

		 	      Anthony Sanfilippo
		 	      Chief Executive Officer

 READ CAREFULLY BEFORE SIGNING 

I have read this Separation Agreement and have had the opportunity to consult legal counsel and my own tax advisors prior to my signing of this Separation
Agreement. I understand that by executing this Separation Agreement, I will relinquish any right or demand I may have against the Releasees or any of them, unless otherwise provided in this Separation Agreement and/or the surviving terms of my
Employment Agreement. 
  

			
	DATED: May 23, 2016
		
	By:	 	 /s/ John A. Godfrey

		 	John A. Godfrey

  
 - 15 -EX-10.1

 Exhibit 10.1 

SS&C Technologies Holdings, Inc. 

AMENDED AND RESTATED 2014 STOCK INCENTIVE PLAN 
  

	1.	Purpose 

 The purpose of this Amended and Restated 2014 Stock Incentive Plan (the
“Plan”) of SS&C Technologies Holdings, Inc., a Delaware corporation (the “Company”), is to advance the interests of the Company’s stockholders by enhancing the ability of the Company and
Company Affiliates to attract, retain and motivate persons who are expected to make important contributions and by providing such persons with equity ownership opportunities that are intended to better align the interests of such persons with those
of the Company’s stockholders. Certain terms used herein are defined in Section 10 of the Plan. 
  

	2.	Eligibility 

 All employees and officers of the Company or a Company Affiliate, as well
as non-employee directors of the Company and consultants and advisors to the Company or a Company Affiliate (as the terms consultants and advisors are defined and interpreted for purposes of Form S-8 under the
Securities Act, or any successor form), are eligible to be granted Awards under the Plan. Each person who is granted an Award under the Plan is deemed a “Participant.” The Plan provides for the following types of awards, each
of which is referred to as an “Award”: Options, SARs, Restricted Stock Awards, Restricted Stock Unit Awards, Other Share-Based Awards and Performance Awards (each as defined in Section 5). Except as otherwise provided by
the Plan, each Award may be made alone or in addition or in relation to any other Award. The terms of each Award need not be identical, and Participants need not be treated uniformly under the Plan. 

 

	3.	Administration of the Plan 

 The Plan will be administered by the Board. To the extent
permitted by applicable law, the Board may delegate any or all of its powers under the Plan to a Committee. The Board and, to the extent such authority has been delegated to it, a Committee: (1) shall have authority to grant Awards and
determine the terms and conditions of any Awards; (2) shall have authority to adopt, amend and repeal such administrative rules, guidelines and practices relating to the Plan as it shall deem advisable; (3) may construe and interpret the
terms of the Plan and any Award Agreement entered into under the Plan and make all determinations necessary or advisable in administering the Plan and Award Agreements; and (4) may correct any defect, supply any omission or reconcile any
inconsistency in the Plan or any Award Agreement. The term “Plan Administrator” means, as applicable, the Board or a Committee. All actions and decisions by the Plan Administrator with respect to the Plan and any Awards shall
be made in its sole discretion and shall be final and binding on all persons having or claiming any interest in the Plan or in any Award. By accepting any Award, each Participant acknowledges and agrees that all actions and decisions of the Plan
Administrator are final, binding and conclusive. To the extent permitted by applicable law, the Board or the Committee may delegate to one or more officers of the Company the power to grant Awards hereunder; provided that no officer shall be
authorized to grant Awards to any “executive officer” of the Company (as defined by Rule 3b-7 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) or to any “officer” of the Company (as defined by
Rule 16a-1 under the Exchange Act) or to any non-employee-director of the Company. 

	4.	Stock Available for Awards 

  

	 	(a)	Number of Shares; Share Counting. 

 (1) Authorized Number of Shares. Subject to
adjustment under Section 7, Awards may be made under the Plan (from the Original Adoption Date) for up to 15,000,000 shares of common stock, $0.01 par value per share, of the Company (the “Common Stock”); provided
that any Shares granted in connection with Awards other than Options and SARS (“Full-Value Awards”) shall be counted against this limit as two and one-half (2.5) Shares for every one (1) Share granted in connection
with such Award. The Company may also continue to make grants under the 2006 Equity Incentive Plan pursuant to the terms of such plan. From the Amendment Effective Date, the Company will cease to make grants under the 2008 Stock Incentive Plan and
the 2006 Equity Incentive Plan. Any or all Awards (up to 15,000,000 Shares) may be in the form of Incentive Stock Options. 
 (2) Type of
Shares. Shares issued under the Plan may consist in whole or in part of authorized but unissued Shares or treasury Shares. 
 (3)
Share Counting. For purposes of counting the authorized number of Shares available for the grant of Awards under the Plan under this Section 4(a) and the sub-limit specified in Section 4(b): 

(A) if any Award expires, terminates or is otherwise surrendered, canceled, forfeited or repurchased by the Company at its
original issuance price pursuant to a contractual repurchase right, the unused Shares covered by such Award (or, with respect to Full-Value Awards, the number of Shares that counted against the limit in Section 4(a)(1) when such Full-Value
Award was granted) shall again be available for the grant of Awards; provided, however, that in the case of Incentive Stock Options, the foregoing shall be subject to any limitations under the Code; and 

(B) Shares subject to an Award shall not again be available for issuance under the Plan if such Shares are (i) Shares
tendered or withheld in payment of the exercise price of an Award or (ii) Shares covered by a stock-settled SAR that were not issued upon the settlement of the SAR. Any Shares subject to an Award, that expires, is canceled, forfeited or
otherwise terminates without the delivery of such Shares, or, solely with respect to Restricted Stock or RSUs (including Performance Awards), Shares that are delivered to or withheld by the Company for tax withholding hereunder, shall again be, or
shall become, available for issuance under the Plan. 
  

	 	(b)	Annual Per-Participant Limits. 

 (1) Awards Granted to Participants
Other Than Non-Employee Directors. Subject to adjustment under Section 7, no Participant other than non-employee directors of the Company (i) may be granted, in any calendar year, Options or SARs with respect to more than 500,000
Shares or (ii) may be granted, in any calendar year, more than 250,000 Shares or, if denominated in cash, $500,000, under 

  
 -2- 

 
Restricted Stock Awards, Restricted Stock Unit Awards, Performance Awards and/or Other Share-Based Awards that are intended to comply with the performance-based compensation exception under
Section 162(m) of the Code (collectively, the “Limitations”). If an Award is canceled, the cancelled Award shall continue to be counted toward the applicable Limitations set forth in this Section 4(b)(1). 

(2) Awards Granted to Non-Employee Directors. Subject to adjustment under Section 7, the maximum number of Shares
that may be subject to all Awards granted to any non-employee director of the Company during a calendar year shall be limited to the greater of (x) 15,000 Shares or (y) Shares having a grant date fair value of $250,000, except that for a
newly appointed director, such limits shall be the greater of (x) 30,000 Shares or (y) Shares having a grant date fair value of $500,000. 
  

	5.	Awards. 

 (a) Stock Options. The Plan Administrator may grant options to purchase
Shares (each, an “Option”) and determine the number of Shares to be covered by each Option. Options may be Incentive Stock Options or Nonqualified Stock Options. Except as set forth in the Plan, the Plan Administrator shall
determine the conditions and limitations applicable to the exercise of each Option, including conditions relating to compliance with applicable securities laws, as it considers necessary or advisable. Incentive Stock Options shall only be granted to
employees of the Company or any Company Affiliate who are eligible under Section 422 of the Code to receive Incentive Stock Options, and shall be subject to and construed consistently with the requirements of Section 422 of the Code. The
Company shall have no liability to a Participant, or any other party, if an Option (or any part thereof) that is intended to be an Incentive Stock Option is not an Incentive Stock Option or if the Company converts an Incentive Stock Option to a
Nonqualified Stock Option. 
 (1) Payment Upon Exercise of Options. Except as may otherwise be provided in the
applicable Award Agreement or approved by the Plan Administrator, Shares purchased upon the exercise of an Option granted under the Plan shall be paid for as follows: 

(A) in cash or by check, payable to the order of the Company (or, to the extent provided in the applicable Award Agreement, a
Company Affiliate); 
 (B) by (i) delivery of an irrevocable and unconditional undertaking by a creditworthy broker to
deliver promptly to the Company sufficient funds to pay the exercise price and any required tax withholding or (ii) delivery by the Participant to the Company of a copy of irrevocable and unconditional instructions to a creditworthy broker to
deliver promptly to the Company cash or a check sufficient to pay the exercise price and any required tax withholding; 
 (C)
by delivery at the time of exercise (either by actual physical delivery or by attestation) of Shares owned by the Participant valued at their Fair Market Value, provided (i) such method of payment is then permitted under applicable law,
(ii) such Shares, if acquired directly from the Company 

  
 -3- 

 
or a Company Affiliate, were owned by the Participant for such minimum period of time, if any, as may be established by the Plan Administrator, and (iii) such Shares are not subject to any
repurchase, forfeiture, unfulfilled vesting or other similar requirements; 
 (D) with respect to a Nonqualified Stock
Option, by delivery of a notice of “net exercise,” as a result of which the Participant would receive (i) the number of Shares underlying the portion of the Option being exercised, less (ii) such number of Shares as is equal to
(A) the aggregate exercise price for the portion of the Option being exercised divided by (B) the Fair Market Value on the date of exercise; or 

(E) any combination of the above forms of payment. 

(F) In addition, Shares purchased upon the exercise of an Option may be paid for by the Participant by payment of such other
lawful consideration as the Plan Administrator may determine. 
 (2) Award Agreements. The terms of any Option granted
under the Plan shall be set forth in an Award Agreement which shall contain provisions determined by the Plan Administrator and not inconsistent with the Plan. The terms of Options need not be the same with respect to each Participant. 

(b) Stock Appreciation Rights. The Plan Administrator may grant Awards consisting of stock appreciation rights entitling the
holder, upon exercise, to receive an amount of Common Stock or cash or a combination thereof (such form to be determined by the Plan Administrator) determined in whole or in part by reference to appreciation, from and after the date of grant, in the
fair market value of a share of Common Stock over the reference price established pursuant to Section 5(c) (“SARs”). The date as of which such appreciation is determined shall be the exercise date. SARs may be granted in
tandem with, or independently of, Options granted under the Plan. 
 (1) Tandem Awards. When SARs are expressly
granted in tandem with Options, (i) the SAR will be exercisable only at such time or times, and to the extent, that the related Option is exercisable (except to the extent designated by the Plan Administrator in connection with a Corporate
Event) and will be exercisable in accordance with the procedure required for exercise of the related Option; (ii) the SAR will terminate and no longer be exercisable upon the termination or exercise of the related Option, except to the extent
designated by the Plan Administrator in connection with a Corporate Event and except that a SAR granted with respect to less than the full number of shares covered by an Option will not be reduced until the number of shares as to which the related
Option has been exercised or has terminated exceeds the number of shares not covered by the SAR; (iii) the Option will terminate and no longer be exercisable upon the exercise of the related SAR; and (iv) the SAR will be transferable only
with the related Option. 
 (2) Independent SARs. A SAR not expressly granted in tandem with an Option will become
exercisable at such time or times, and on such conditions, as the Plan Administrator may specify in the SAR Award. 

  
 -4- 

 (3) Award Agreements. The terms of any SAR granted under the Plan shall be
set forth in an Award Agreement which shall contain provisions determined by the Plan Administrator and not inconsistent with the Plan. The terms of SARs need not be the same with respect to each Participant. 

(c) Exercise or Reference Price. The Plan Administrator shall establish the exercise price of each Option or the reference price for
each SAR, or the formula by which such exercise price or reference price will be determined. The exercise or reference price shall be specified in the applicable Award Agreement. The exercise or reference price shall be not less than 100% of the
Fair Market Value of the Common Stock on the date of grant; provided that, for the avoidance of doubt, if the Plan Administrator approves the grant of an Option or SAR with an effective date that is a specified future date, the exercise or
reference price shall be not less than 100% of the Fair Market Value on such future effective date. 
 (d) Duration. Each Option and
SAR shall be exercisable at such times and subject to such terms and conditions as specified in the applicable Award Agreement; provided, however, that no Option or SAR will be granted with a term in excess of 10 years. 

(e) Exercise of Awards. Except as otherwise provided in the applicable Award Agreement, Options and SARs may be exercised by delivery
to the Company of a notice of exercise in a form (which may be electronic) approved by the Company, together with, for Options, payment in full of the exercise price for the number of Shares for which the Option is exercised (in the manner specified
below) and any required tax withholding (in the manner specified in Section 8(d)). Shares subject to the Option and SAR (if any) will be issued (either in certificated form or the electronic equivalent thereof) as soon as practicable following
exercise. 
 (f) Restricted Stock and Restricted Stock Units. The Plan Administrator may grant Awards of Restricted Stock or
Restricted Stock Units to Participants either alone or in addition to other Awards granted under the Plan (a “Restricted Stock Award” or “Restricted Stock Unit Award”, respectively), and such
Restricted Stock Awards and Restricted Stock Unit Awards shall also be available as a form of payment of Performance Awards. The Plan Administrator has absolute discretion to determine whether any consideration (other than services) is to be
received by the Company or any Company Affiliate as a condition precedent to the issuance of a Restricted Stock Award or Restricted Stock Unit Award. 

(1) Award Agreements. The terms of any Restricted Stock Award or Restricted Stock Unit Award granted under the Plan
shall be set forth in an Award Agreement which shall contain provisions determined by the Plan Administrator and not inconsistent with the Plan. The terms of Restricted Stock Awards and Restricted Stock Unit Awards need not be the same with respect
to each Participant. 
 (2) Rights of Holders of Restricted Stock and Restricted Stock Units. Unless otherwise
provided in the applicable Award Agreement, beginning on the date of grant of a Restricted Stock Award and subject to execution of the applicable Award Agreement, the Participant shall become a stockholder of the Company with respect to all Shares
of Restricted Stock subject to the Award Agreement and shall have all of the rights of a stockholder, including the right to vote such Shares and 

  
 -5- 

 
the right to receive distributions made with respect to such Shares. A Participant receiving a Restricted Stock Unit Award shall not possess voting rights with respect to such Award but may, as
determined by the Plan Administrator in its sole discretion, receive Dividend Equivalents. Any Shares or any other property distributed as a dividend, dividend equivalent or otherwise with respect to any Restricted Stock Award or Restricted Stock
Unit Award as to which the restrictions have not yet lapsed shall be subject to the same restrictions as such Restricted Stock Award or Restricted Stock Unit Award. The Plan Administrator may provide in an Award Agreement 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. 

(3) Issuance of Shares. Any Restricted Stock granted under the Plan may be evidenced in such manner as the Plan
Administrator may deem appropriate, including book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. Such certificate or certificates shall be registered in the
name of the Participant and shall bear an appropriate legend referring to the restrictions applicable to such Restricted Stock. 
 (g)
Other Share-Based Awards. Other Awards of Shares and other Awards that are valued in whole or in part by reference to, or are otherwise based on, Shares or other property (“Other Share-Based Awards”), including
deferred stock units, may be granted to Participants either alone or in addition to other Awards granted under the Plan. Other Share-Based Awards shall also be available as a form of payment of other Awards granted under the Plan and other earned
cash-based compensation. 
 (1) Award Agreements. The terms of Other Share-Based Awards granted under the Plan shall
be set forth in an Award Agreement which shall contain provisions determined by the Plan Administrator and not inconsistent with the Plan. The terms of such Awards need not be the same with respect to each Participant. Any Shares or any other
property distributed as a dividend, dividend equivalent or otherwise with respect to any Other Share-Based Award as to which the restrictions have not yet lapsed shall be subject to the same restrictions as such Other Share-Based Award. 

(2) Payment. Except as may be provided in an Award Agreement, Other Share-Based Awards may be paid in cash, Shares,
other property or any combination thereof, in the sole discretion of the Plan Administrator. Other Share-Based Awards may be paid in a lump sum or in installments or, in accordance with procedures established by the Plan Administrator, on a deferred
basis subject to the requirements of Section 409A of the Code. 
 (h) Performance Awards. Performance Awards in the form of
Performance Shares or Performance Units, as determined by the Plan Administrator in its sole discretion, may be granted hereunder to Participants, for no consideration or for such minimum consideration as may be required by applicable law, either
alone or in addition to other Awards granted under the Plan. The performance goals to be achieved for each 

  
 -6- 

 
Performance Period shall be conclusively determined by the Plan Administrator and may be based upon the criteria set forth in Section 6(a); provided, however, that if the Plan Administrator
intends for a Performance Award to qualify for the performance-based compensation exception under Section 162(m) of the Code, such Performance Award shall be structured in accordance with the requirements of Section 6, including
Section 6(a). 
 (1) Award Agreements. The terms of any Performance Award granted under the Plan shall be set
forth in an Award Agreement which shall contain provisions determined by the Plan Administrator and not inconsistent with the Plan, including whether such Awards shall have dividends or Dividend Equivalents. The terms of Performance Awards need not
be the same with respect to each Participant. Any Shares or any other property distributed as a dividend, dividend equivalent or otherwise with respect to any Performance Award as to which the restrictions have not yet lapsed shall be subject to the
same restrictions as such Performance Award. 
 (2) Terms and Conditions. The performance criteria to be achieved
during any Performance Period and the length of the Performance Period shall be determined by the Plan Administrator upon the grant of each Performance Award. The amount of the Award to be distributed shall be conclusively determined by the Plan
Administrator. 
 (3) Payment. Except as may be provided in an Award Agreement, Performance Awards will be distributed
only after the end of the relevant Performance Period. Performance Awards may be paid in cash, Shares, other property or any combination thereof, in the sole discretion of the Plan Administrator. Performance Awards may be paid in a lump sum or in
installments following the close of the Performance Period or, in accordance with procedures established by the Committee, on a deferred basis subject to the requirements of Section 409A of the Code. 

(i) Limitation on Repricing. Unless such action is approved by the Company’s stockholders, the Company may not (except as provided
for under Section 7): (1) amend any outstanding Award that is an Option, SAR or similar Other Share-Based Award granted under the Plan to provide an exercise or reference price per Share that is lower than the then-current exercise or
reference price per Share of such outstanding Award; (2) cancel any outstanding Option, SAR or similar Other Share-Based Award (whether or not granted under the Plan) and grant in substitution therefor new Awards covering the same or a
different number of Shares and having an exercise or reference price per Share lower than the then-current exercise or reference price per Share of such cancelled Award; (3) cancel in exchange for a cash payment any outstanding Option, SAR or
similar Other Share-Based Award with an exercise or reference price per Share above the then-current Fair Market Value; or (4) take any other action under the Plan that constitutes a “repricing” within the meaning of NASDAQ rules.

 (j) No Reload. No Award granted under the Plan shall contain any provision entitling the Participant to the automatic grant of
additional Awards in connection with any exercise of the original Award. 
 (k) Dividend Equivalents. Subject to the provisions of
the Plan and any Award Agreement, the recipient of an Award may, if so determined by the Plan Administrator, be entitled to receive cash, stock or other property dividends in amounts equivalent to cash,

  
 -7- 

 
stock or other property dividends on Shares (“Dividend Equivalents”) with respect to the number of Shares covered by the Award, as determined by the Plan Administrator, in
its sole discretion. Any such amounts and Dividend Equivalents shall be subject to the same vesting or performance conditions as the underlying Award. In addition, the Plan Administrator may provide that such amounts and Dividend Equivalents (if
any) shall be deemed to have been reinvested in additional Shares or otherwise reinvested. 
  

	6.	Section 162(m) of the Code Provisions. 

 (a) Covered Employees.
Notwithstanding any other provision of the Plan, if the Committee determines at the time a Restricted Stock Award, a Restricted Stock Unit Award, a Performance Award or an Other Share-Based Award is granted to a Participant who is, or is likely to
be, as of the end of the tax year in which the Company would claim a tax deduction in connection with such Award, a Covered Employee, then the Committee may provide that this Section 6 is applicable to such Award. 

(b) Performance Criteria. (1) If the Plan Administrator determines that a Restricted Stock Award, a Restricted Stock Unit, a
Performance Award or an Other Share-Based Award is intended to be subject to this Article 6, the grant of such Award or the lapsing of restrictions thereon and the distribution of cash, Shares or other property pursuant thereto, as applicable, shall
be subject to the achievement of one or more objective performance goals established by the Plan Administrator, which shall be based on the attainment of specified levels of one or any combination of the following (and which performance goals may or
may not be measured in accordance with generally accepted accounting principles): 
 (A) revenue; 

(B) revenue growth; 

(C) operating income; 

(D) earnings per share; 

(E) net income (before or after taxes) 

(F) total shareholder return; 

(G) appreciation in and/or maintenance of the price of the Shares or any other publicly traded securities of the Company; 

(H) earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes,
depreciation and amortization); 
 (I) cash flow or cash flow per share (before or after dividends); 

(J) earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes,
depreciation and amortization) margins, operating margins, gross margins or cash margin; and 

  
 -8- 

 (K) debt reduction. 

(2) Such performance goals also may be based solely by reference to the Company’s performance or the performance of a
Company Affiliate, division, business segment or business unit of the Company, or based upon the relative performance of other companies or upon comparisons of any of the indicators of performance relative to other companies. 

(3) To the extent permitted by Section 162(m) of the Code, the Plan Administrator may also exclude charges related to an
event or occurrence which the Plan Administrator determines should appropriately be excluded, including (i) restructurings, discontinued operations, extraordinary items, and other unusual or non-recurring charges; (ii) an event either not
directly related to the operations of the Company or not within the reasonable control of the Company’s management; or (iii) the cumulative effects of tax or accounting changes in accordance with U.S. generally accepted accounting
principles. 
 (4) Such performance goals shall be set by the Plan Administrator within the time period prescribed by, and
shall otherwise comply with the requirements of, Section 162(m) of the Code, and the regulations thereunder. 
 (c) Adjustments.
Notwithstanding any other provision of the Plan, if the Plan Administrator determines at the time a Restricted Stock Award, a Restricted Stock Unit Award, a Performance Award or an Other Share-Based Award is granted to a Participant who is, or is
likely to be, as of the end of the tax year in which the Company would claim a tax deduction in connection with such Award, a Covered Employee, then the Committee may provide that this Section 6 is applicable to such Award. 

(d) Restrictions. The Plan Administrator shall have the power to impose such other restrictions on Awards subject to this Article as it
may deem necessary or appropriate to ensure that such Awards satisfy all requirements for “performance-based compensation” within the meaning of Section 162(m) of the Code. 

 

	7.	Adjustments for Changes in Common Stock, Change in Control and Corporate Events. 

 (a) In
the event of any stock split, reverse stock split, stock dividend, recapitalization, combination of Shares, reclassification of Shares, spin-off or other similar change in capitalization or event, or any dividend or distribution to holders of Common
Stock other than an ordinary cash dividend, (i) the number and class of securities available under the Plan, (ii) the share counting rules and sub-limits specified in Sections 4(a) and 4(b), and (iii) the number and class of
securities and, if applicable, exercise price or reference price per Share of each outstanding Award, shall be equitably adjusted by the Company (or substituted Awards may be made, if applicable) in the manner determined in the sole discretion of
the Plan Administrator. 
 (b) Change in Control. The Plan Administrator may provide, in an Award Agreement or otherwise, for
accelerated vesting or exercisability of an Award in connection with a sale or change of control of the Company. 
 (c) Corporate
Events. In connection with a Corporate Event, the Plan Administrator shall take one or more of the following actions as to outstanding Awards, as 

  
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determined by the Plan Administrator in its sole discretion, except to the extent specifically provided otherwise in an applicable Award Agreement or another agreement between the Company or a
Company Affiliate and the Participant: (i) provide that such Awards shall be continued, assumed, or substantially equivalent awards (as determined by the Plan Administrator in its sole discretion) shall be substituted, by the acquiring or
succeeding corporation (or an affiliate thereof), (ii) upon written notice to a Participant, provide that outstanding Awards shall become fully vested and exercisable within a specified period prior to such Corporate Event (contingent on the
occurrence of the Corporate Event) and that any unexercised Awards shall terminate upon such Corporate Event, (iii) provide that outstanding Awards shall become fully vested and exercisable upon such Corporate Event (contingent on the
occurrence of the Corporate Event), (iv) settle such Awards for an amount (as determined in the sole discretion of the Plan Administrator) of cash or securities equal to the in-the-money spread value (if any) of such Awards, in exchange for the
termination of such Award, (v) provide that, in connection with a dissolution or complete liquidation of the Company, Awards shall convert into the right to receive liquidation proceeds (net of the exercise or reference price thereof and any
applicable tax withholdings) or (vi) any combination of the foregoing. For the avoidance of doubt, in the event Awards are settled pursuant to (iv) above, any Award for which the exercise or reference price is equal to or exceeds the per
share value of the consideration to be paid in the Corporate Event will be terminated without payment therefor. In taking any of the actions permitted under this Section 7(c), the Plan Administrator shall not be obligated to treat all Awards,
all portions of any individual Award, all Awards held by a Participant, or all Awards of the same type, identically. 
  

	8.	General Provisions Applicable to Awards 

 (a) Transferability of Awards. Awards
shall not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution or, other than in the case of an Incentive Stock Option
or an Award subject to Section 409A of the Code, pursuant to a qualified domestic relations order, and, during the life of the Participant, shall be exercisable (if applicable) only by the Participant; provided, however, that,
except with respect to an Incentive Stock Option (unless such Incentive Stock Option is modified to become a Nonqualified Stock Option) or an Award subject to Section 409A of the Code, the Plan Administrator may permit or provide in the
applicable Award Agreement for the gratuitous transfer of the Award by the Participant to or for the benefit of any immediate family member, family trust or other entity established for the benefit of the Participant and/or an immediate family
member thereof if the Company would be eligible to use Form S-8 under the Securities Act for the registration of the sale of the Shares subject to such Award to such proposed transferee; provided further, that neither the Company nor any
Company Affiliate shall be required to recognize any such transfer until such time as such transferee shall, as a condition to such transfer, deliver a written instrument in form and substance satisfactory to the Company confirming that such
transferee shall be bound by all of the terms and conditions of the applicable Award Agreement. References to a Participant, to the extent relevant in the context, shall include references to authorized transferees. For the avoidance of doubt,
nothing contained in this Section 8(a) shall be deemed to restrict a transfer to the Company or a Company Affiliate. 
 (b)
Documentation. Each Award Agreement may contain terms and conditions in addition to those specified in the Plan. 

  
 -10- 

 (c) Termination of Status. Except as may otherwise be provided in an Award Agreement, if a
Participant terminates employment or service with the Company or a Company Affiliate for any reason, any Award that is then (i) not vested shall terminate and be forfeited on the date of such employment or service termination, and
(ii) vested shall, in the case of an Option or SAR, remain exercisable for 90 days after the termination date (or if earlier, the expiration date set forth in the Award Agreement). 

(d) Withholding. The Participant must satisfy all income and employment tax withholding obligations before the Company or a Company
Affiliate will deliver stock certificates (or the electronic equivalent thereof), cash or otherwise recognize ownership of the Shares upon the exercise or settlement of an Award. The Company or a Company Affiliate may elect to satisfy the
withholding obligations through additional withholding on salary or wages. If the Company or a Company Affiliate elects not to or cannot withhold from other compensation, the Participant (either directly or through a broker) must pay to the Company
or a Company Affiliate the full amount, if any, required for withholding. Except as otherwise may be provided for in an Award Agreement or approved by the Plan Administrator, a Participant may satisfy such tax obligations in whole or in part by
delivery (either by actual physical delivery or by attestation) of Shares, including Shares retained from the Award creating the tax obligation, valued at their Fair Market Value (determined, for purposes of this Section 8(d), as of the date
the tax obligation arises instead of the date of grant); provided, however, except as otherwise provided by the Plan Administrator, that the total tax withholding where stock is being used to satisfy such tax obligations cannot exceed
the minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such supplemental taxable income). Shares used to satisfy tax withholding
requirements cannot be subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements. 
 (e) Amendment of
Award. Except as otherwise provided in Section 5(i) with respect to repricings or Section 9(c) with respect to actions requiring stockholder approval, the Plan Administrator may amend, modify or terminate any outstanding Award. The
Participant’s consent to such action shall be required (i) unless the Plan Administrator determines that the action, taking into account any related action, does not materially and adversely affect the Participant’s rights under the
Plan or (ii) the change is permitted under Section 7. 
 (f) Conditions on Delivery of Stock. Neither the Company nor a
Company Affiliate will be obligated to deliver any Shares pursuant to the Plan until (i) all conditions of the Award have been met or removed to the satisfaction of the Company, (ii) in the opinion of the Company’s counsel, all other
legal matters in connection with the issuance and delivery of such Shares have been satisfied, including any applicable securities laws and regulations and any applicable stock exchange or stock market rules and regulations, and (iii) the
Participant has executed and delivered to the Company such representations or agreements as the Company may consider appropriate to satisfy the requirements of any applicable laws, rules or regulations. 

(g) Acceleration. Except as otherwise provided in Section 4(c), the Plan Administrator may at any time provide that any Award
shall become immediately exercisable in whole or in part. 

  
 -11- 

	9.	Miscellaneous 

 (a) No Right To Employment or Other Status. No person shall have
any claim or right to be granted an Award by virtue of the adoption of the Plan, and the grant of an Award shall not be construed as giving a Participant the right to continued employment or any other relationship with the Company or any Company
Affiliate. The Company and each Company Affiliate expressly reserve the right at any time to dismiss or otherwise terminate their relationship with a Participant free from any liability or claim under the Plan, except as expressly provided in the
applicable Award Agreement. 
 (b) No Rights As Stockholder. Subject to the provisions of the applicable Award Agreement, no
Participant, nor any legal representative of the Participant’s estate or legatee of the Participant under the Participant’s will, shall have any rights as a stockholder with respect to any Shares to be issued with respect to an Award until
becoming the record holder of such Shares. 
 (c) Amendment of Plan. The Plan Administrator may amend, suspend or terminate the Plan
or any portion thereof at any time provided that (i) no amendment that would require stockholder approval under the rules of NASDAQ may be made effective unless and until the Company’s stockholders approve such amendment; and (ii) if
NASDAQ amends its corporate governance rules so that such rules no longer require stockholder approval of “material revisions” to equity compensation plans, then, from and after the effective date of such amendment to NASDAQ rules, no
amendment to the Plan (A) increasing the number of Shares authorized under the Plan (other than pursuant to Section 7), (B) expanding the types of Awards that may be granted under the Plan, (C) materially expanding the class of
participants eligible to participate in the Plan or (D) repealing the prohibition against repricing set forth in Section 5(h) shall be effective unless and until the Company’s stockholders approve such amendment. To the extent
required for purposes of Section 422 of the Code or Section 162(m) of the Code, other amendments to the Plan shall be subject to approval by the Company’s stockholders. Unless otherwise specified in the applicable amendment, any
amendment to the Plan adopted in accordance with this Section 9(c) shall apply to, and be binding on the holders of, all Awards outstanding under the Plan at the time the amendment is adopted, provided the Plan Administrator determines that
such amendment, taking into account any related action, does not materially and adversely affect the rights of Participants under the Plan. No Award shall be made that is conditioned upon stockholder approval of any amendment to the Plan unless the
Award provides that (i) it will terminate or be forfeited if stockholder approval of such amendment is not obtained within no more than 12 months from the date of grant and (2) it may not be exercised or settled (or otherwise result
in the issuance of Shares) prior to such stockholder approval. 
 (d) Authorization of Sub-Plans (Including for Grants to Non-U.S.
Employees). The Plan Administrator may from time to time establish one or more sub-plans under the Plan for purposes of satisfying applicable securities, tax or other laws of various jurisdictions. The Plan Administrator shall establish such
sub-plans by adopting supplements to the Plan containing (i) such limitations on the Plan Administrator’s discretion under the Plan as the Plan Administrator deems necessary or desirable or (ii) such additional terms and conditions
not otherwise inconsistent with the Plan as the Plan Administrator shall deem necessary or desirable. All supplements adopted by the Plan Administrator shall be deemed to be part of the Plan, but each supplement shall apply only to Participants
within the affected jurisdiction. 

  
 -12- 

 (e) Compliance with Section 409A of the Code. 

(1) Notwithstanding anything else herein, the Company makes no representation or warranty and shall have no liability to the Participant or any
other person if any provisions of or payments, compensation or other benefits under the Plan are determined to constitute nonqualified deferred compensation subject to Section 409A of the Code but do not to satisfy the conditions thereof. 

(2) Awards are intended to be exempt from Section 409A of the Code to the maximum extent possible. With respect to any 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 applicable Award Agreement 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. 
 (3) Except as provided in any individual Award Agreement initially or by
amendment, if and to the extent (i) any portion of any payment, compensation or other benefit provided to a Participant pursuant to the Plan in connection with his or her employment termination constitutes “nonqualified deferred
compensation” within the meaning of Section 409A of the Code and (ii) the Participant is a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code, in each case as determined by the Company in accordance
with its procedures, such portion of the payment, compensation or other benefit shall not be paid before the day that is six months plus one day after the date of “separation from service” (as determined under Section 409A of the
Code) (the “New Payment Date”), except as Section 409A of the Code may then permit. The aggregate of any payments that otherwise would have been paid to the Participant during the period between the date of separation
from service and the New Payment Date shall be paid to the Participant in a lump sum (without interest) on such New Payment Date, and any remaining payments will be paid on their original schedule. By accepting an Award, each Participant agrees that
he or she is bound by the foregoing determinations and procedures. 
 (f) Limitations on Liability. Notwithstanding any other
provisions of the Plan, no Plan Administrator nor any individual acting as a director, officer, or employee of the Company or a Company Affiliate will be liable to any Participant, former Participant, spouse, beneficiary, or any other person for any
claim, loss, liability, or expense incurred in connection with the Plan, nor will such individual be personally liable with respect to the Plan because of any contract or other instrument he or she executes in his or her capacity as Plan
Administrator or as a director, officer, or employee of the Company or a Company Affiliate. 
 (g) Governing Law. The provisions of
the Plan and all Awards made hereunder shall be governed by and interpreted in accordance with the laws of the State of Delaware, excluding choice-of-law principles of the law of such state that would require the application of the laws of a
jurisdiction other than the State of Delaware. 
 (h) Effectiveness and Term. The Plan was first adopted on February 27, 2014 by
the Board and was approved by the Company’s stockholders at the 2014 Annual Meeting of Stockholders on May 29, 2014 (the “Original Adoption Date”). The Plan, as amended and restated herein, was adopted on
February 24, 2016 by the Board, subject to 

  
 -13- 

 
the approval by the Company’s stockholders at the 2016 Annual Meeting of Stockholders on May 25, 2016 (“Amendment Effective Date”). The Plan will automatically
terminate on May 25, 2026, provided that any Awards granted before the Plan’s termination will remain in effect in accordance with their terms. 
  

	10.	Definitions 

 (a) “Award Agreement” means any agreement, contract
or other instrument or document (whether written or electronic) evidencing an Award granted under the Plan, which the Company may require to be executed or acknowledged by a Participant. 

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

(c) “Code” means the Internal Revenue Code of 1986 and any regulations thereunder, each as amended from time to time.

 (d) “Commission” means the U.S. Securities and Exchange Commission. 

(e) “Committee” means (i) the Compensation Committee of the Board or (ii) any other committee or
subcommittee of the Board to the extent that the Board’s powers or authority under the Plan have been delegated to such committee or subcommittee by the Board or by the Compensation Committee of the Board. 

(f) “Company” means collectively SS&C Technologies Holdings, Inc. and each SS&C Technologies Holdings, Inc.
Affiliate at the relevant applicable time. 
 (g) “Company Affiliate” means (i) any of the Company’s
present or future parent or subsidiary corporations (as defined in Sections 424(e) or (f) of the Code) during the time that such parent or subsidiary corporation satisfies such definition and (ii) any other business venture
(including, without limitation, joint venture or limited liability company) in which the Company has a direct or indirect controlling interest, as determined from time to time by the Plan Administrator. 

(h) “Covered Employee” means an employee of the Company or a Company Affiliate who is a “covered employee”
within the meaning of Section 162(m) of the Code. 
 (i) “Corporate Event” means any reorganization, merger,
consolidation, liquidation, dissolution or sale, transfer, exchange or other disposition of all or substantially all of the capital stock or assets of the Company, exchange of Common Stock or other securities of the Company, issuance of warrants or
other rights to purchase Common Stock or other securities of the Company, the acquisition or disposition of any material assets or business or other similar corporate transaction or event (other than the changes in capitalization referred to in
Section 7(a)). 
 (j) “Delaware Law” means the General Corporation Law of the State of Delaware, as amended
from time to time. 
 (k) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

 (l) “Fair Market Value” means the fair market value per share of Common Stock, determined as follows: 

(1) if the Common Stock trades on a national securities exchange, the closing sale price (for the primary trading session) on the date of
determination; or 

  
 -14- 

 (2) if the Common Stock does not trade on any such exchange, the average of the closing bid and
asked prices as reported by an authorized OTCBB market data vendor as listed on the OTCBB website (otcbb.com) (or another similar system then in use as determined by the Plan Administrator) on the date of determination; or 

(3) if the Common Stock is not publicly traded, the Plan Administrator will determine the Fair Market Value for purposes of the Plan using any
measure of value it determines to be appropriate (including, as it considers appropriate, relying on appraisals) in a manner consistent with the valuation principles under Section 409A of the Code, except as the Plan Administrator may expressly
determine otherwise. 
 For any date of determination that is not a trading day, the Fair Market Value of a share of Common Stock for such date will be
determined by using the closing sale price or average of the bid and asked prices, as appropriate, for the immediately preceding trading day. The Plan Administrator can substitute a particular time of day or other measure of “closing sale
price” or “bid and asked prices” if appropriate because of exchange or market procedures or can use weighted averages either on a daily basis or such longer period as complies with Section 409A of the Code. 

(m) “Incentive Stock Option” means an Option that the Plan Administrator designates as an “incentive stock
option” as defined in Section 422 of the Code. 
 (n) “NASDAQ” means National Association of Securities
Dealers Automated Quotations. 
 (o) “Nonqualified Stock Option” means an Option that is not designated as an
Incentive Stock Option. 
 (p) “Performance Award” means an Award of Performance Shares or Performance Units granted
pursuant to Section 5. 
 (q) “Performance Period” means the period established by the Plan Administrator
during which any performance goals specified by the Plan Administrator with respect to a Performance Award are to be measured. 
 (r)
“Performance Share” means any grant pursuant to Section 5 related to a designated number of Shares, which value will be paid to the Participant upon achievement of such performance goals as established by the Plan
Administrator. 
 (s) “Performance Unit” means any grant pursuant to Section 5 of a unit value by reference to
a designated amount of cash or property other than Shares, which value will be paid to the Participant upon achievement of such performance goals during the Performance Period as established by the Plan Administrator. 

(t) “Restricted Stock” means any Share issued with the restriction that the holder may not sell, transfer, pledge or
assign such Share and with such other restrictions as the Plan Administrator, in its sole discretion, may impose, which restrictions may lapse separately or in combination at such time or times, installments or otherwise, as the Plan Administrator
may deem appropriate. 

  
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 (u) “Restricted Stock Unit” means an Award that is valued by reference to
a Share, which value may be paid to the Participant by deliver of such property as determined by the Plan Administrator, which restrictions may lapse separately or in combination at such time or times, installments or otherwise, as the Plan
Administrator may deem appropriate. 
 (v) “Section 162(m)” means Section 162(m) of the Code. 

(w) “Securities Act” means the Securities Act of 1933, as amended from time to time. 

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

  
 -16-

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