Document:

EX-10.1

 Exhibit 10.1 

MGM RESORTS INTERNATIONAL 

2022 Omnibus Incentive Plan 
  

	Article 1.	 Establishment, Purpose, and Duration 

 

	 	1.1	 Establishment. MGM Resorts International establishes an incentive compensation plan to be known as the MGM
Resorts International 2022 Omnibus Incentive Plan, as amended from time to time (hereinafter referred to as the “Plan”), as set forth in this document. 

This Plan permits the grant of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted
Stock Units, Performance Shares, Performance Units and Other Stock-Based Awards. 
  

	 	1.2	 Purpose of this Plan. The purpose of this Plan is to provide a means whereby Employees, Directors and
Consultants of the Company develop a sense of proprietorship and personal involvement in the development and financial success of the Company, and to encourage them to devote their best efforts to the business of the Company, thereby advancing the
interests of the Company and its stockholders. A further purpose of this Plan is to provide a means through which the Company may attract able individuals to become Employees or serve as Directors of the Company and to provide a means for such
individuals to acquire and maintain stock ownership in the Company, thereby strengthening their concern for the welfare of the Company. 

  

	Article 2.	 Definitions 

Whenever used in this Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter
of the word shall be capitalized. 
  

	 	2.1	 “Associate” shall mean any corporation or other entity (including, but not limited to, a partnership
or a limited liability company), that the Company has or obtains, directly or indirectly, a proprietary interest of fifty percent (50%) or less, by reason of stock ownership or otherwise, and is designated as an Associate for purposes of this Plan
by the Committee. 

  

	 	2.2	 “Award” means, individually or collectively, a grant under this Plan of Nonqualified Stock Options,
Incentive Stock Options, SARs, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units or Other Stock-Based Awards, in each case subject to the terms of this Plan. 

 

	 	2.3	 “Award Agreement” means either (a) a written agreement entered into by the Company and a
Participant setting forth the terms and provisions applicable to an Award granted under this Plan, or (b) a written or electronic statement issued by the Company to a Participant describing the terms and provisions of such Award, including any
amendment or modification thereof. The Committee may provide for the use of electronic, internet or other non-paper Award Agreements, and the use of electronic, internet or other
non-paper means for the acceptance thereof and actions thereunder by a Participant. 

  

	 	2.4	 “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. 

  

	 	2.5	 “Board” or “Board of Directors” means the Board of Directors of the Company, Subsidiaries
or Associates. 

  

	 	2.6	 “Code” means the U.S. Internal Revenue Code of 1986. For purposes of this Plan, references to
sections of the Code shall be deemed to include references to any applicable regulations thereunder and any successor or similar provision. 

  

	 	2.7	 “Committee” means the Human Capital and Compensation Committee of the Board or a subcommittee
thereof, or any other committee designated by the Board to administer this Plan. The members of the Committee shall be appointed from time to time by and shall serve at the discretion of the Board. If the Committee does not exist or cannot function
for any reason, the Board may take any 

  
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action under the Plan that would otherwise be the responsibility of the Committee. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time,
revest in the Board some or all of the powers previously delegated. 

  

	 	2.8	 “Company” means MGM Resorts International, a Delaware corporation, and any successor thereto as
provided in Article 18 herein. 

  

	 	2.9	 “Consultant” means any consultant or advisor who is a natural person and who provides services to the
Company, any Associate or any Subsidiary. 

  

	 	2.10	 “Director” means any individual who is a member of the Board of Directors of the Company, any
Associate or any Subsidiary. 

  

	 	2.11	 “Effective Date” means the date of the Company’s 2022 Annual Meeting of Stockholders, provided
that the Plan is approved by the Company’s stockholders at such meeting. 

  

	 	2.12	 “Employee” means any person designated as an employee of the Company, any Associate or any Subsidiary
on the payroll records thereof. 

  

	 	2.13	 “Exchange Act” means the Securities Exchange Act of 1934 or any successor act thereto.

  

	 	2.14	 “Fair Market Value” or “FMV” means a price that is based on the opening, closing, actual,
high, low, or average selling prices of a Share reported on the New York Stock Exchange or other established stock exchange (or exchanges) on the applicable date, the preceding trading day, the next succeeding trading day, or an average of trading
days, as determined by the Committee in its discretion. Unless the Committee determines otherwise, Fair Market Value shall be deemed to be equal to the reported closing price of a Share on the most recent date on which Shares were publicly traded.
In the event Shares are not publicly determined at the time a determination of their value is required to be made hereunder, the determination of their Fair Market Value shall be made by the Committee in such manner as it deems appropriate. Such
definition(s) of FMV may be specified in an Award Agreement and may differ depending on whether FMV is in reference to the grant, exercise, vesting, settlement, or payout of an Award. 

 

	 	2.15	 “Family Members” of a Participant means any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law of such Participant, including adoptive relationships, any person sharing such
Participant’s household (other than a tenant or employee), a trust in which such individuals have more than fifty percent of the beneficial interest, a foundation in which these individuals (or the Participant) control the management of assets,
and any other entity in which these individuals (or the Participant) own more than fifty percent of the voting interest. 

  

	 	2.16	 “Freestanding SAR” means an SAR that is granted independently of any Options, as described in Article
7. 

  

	 	2.17	 “Grant Price” means the price established at the time of grant of a SAR pursuant to Article 7, used
to determine whether there is any payment due upon exercise of the SAR. 

  

	 	2.18	 “Incentive Stock Option” or “ISO” means an Option to purchase Shares granted under Article
6 to an Employee and that is designated as an Incentive Stock Option and that is intended to meet the requirements of Code Section 422, or any successor provision. 

 

	 	2.19	 “Insider” means an individual who is, on the relevant date, an officer, or Director of the Company,
or a more than ten percent (10%) Beneficial Owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, as determined by the Board in accordance with Section 16 of the Exchange
Act. 

  

	 	2.20	 “Nonemployee Director” means a Director who is not an Employee. 

 

	 	2.21	 “Nonqualified Stock Option” or “NQSO” means an Option that is not intended to meet the
requirements of Code Section 422, or that otherwise does not meet such requirements. 

  

	 	2.22	 “Option” means an Incentive Stock Option or a Nonqualified Stock Option, as described in Article 6.

  
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	 	2.23	 “Option Price” means the price at which a Share may be purchased by a Participant pursuant to an
Option. 

  

	 	2.24	 “Other Stock-Based Award” means an equity-based or equity-related Award not otherwise described by
the terms of this Plan, granted pursuant to Article 10. 

  

	 	2.25	 “Participant” means any eligible individual as set forth in Article 5 to whom an Award is granted.

  

	 	2.26	 “Performance Measures” means measures as described in Article 12 on which the performance goals may
be based. 

  

	 	2.27	 “Performance Period” means the period of time during which the Performance Measure(s) must be met in
order to determine the degree of payout or vesting with respect to an Award. 

  

	 	2.28	 “Performance Share” means an Award under Article 9 herein and subject to the terms of this Plan,
denominated in Shares, the value of which at the time it is payable is determined as a function of the extent to which corresponding Performance Measures have been achieved. 

 

	 	2.29	 “Performance Unit” means an Award under Article 9 herein and subject to the terms of this Plan,
denominated in units, the value of which at the time it is payable is determined as a function of the extent to which corresponding Performance Measures have been achieved. 

 

	 	2.30	 “Period of Restriction” means the period when Restricted Stock or Restricted Stock Units are subject
to a substantial risk of forfeiture (based on the passage of time, the achievement of Performance Measures, or upon the occurrence of other events as determined by the Committee, in its discretion), as provided in Article 8. 

 

	 	2.31	 “Permitted Transfer” means any transfer of an Award, other than an ISO, by a Participant to a
Participant’s Family Member made by gift or domestic relations order if such transfer is not for value; provided, however, that neither (i) a transfer under a domestic relations order in settlement of marital property rights nor
(ii) a transfer to an entity in which more than fifty percent of the voting interests are owned by Family Members or the Participant in exchange for an interest in that entity shall be deemed a transfer for value for the purposes of determining
whether a transfer is a Permitted Transfer. 

  

	 	2.32	 “Prior Plans” means the Amended and Restated MGM Resorts International 2005 Omnibus Incentive Plan.

  

	 	2.33	 “Restricted Stock” means an Award granted to a Participant pursuant to Article 8.

  

	 	2.34	 “Restricted Stock Unit” means an Award granted to a Participant pursuant to Article 8, where no
Shares are actually awarded to the Participant on the date of grant. 

  

	 	2.35	 “Separation from Service” means termination of the Participant’s employment or provision of
services to the Company, any Associate or any Subsidiary, as the case may be that constitutes a “separation from service” within the meaning of Section 409A of the Code. 

 

	 	2.36	 “Share” means a share of common stock of the Company, $0.01 par value per share.

  

	 	2.37	 “Stock Appreciation Right” or “SAR” means an Award, designated as an SAR, pursuant to the
terms of Article 7 herein. 

  

	 	2.38	 “Subsidiary” means any corporation or other entity, whether domestic or foreign, in which the Company
has or obtains, directly or indirectly, a proprietary interest of fifty percent (50%) or more of the total combined voting power of all classes of equity by reason of stock ownership or otherwise. 

 

	 	2.39	 “Tandem SAR” means an SAR that is granted in connection with a related Option pursuant to Article 7
herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled). 

  
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	Article 3.	 Administration 

  

	 	3.1	 General. The Committee shall be responsible for administering this Plan, subject to this Article 3 and the
other provisions of this Plan. In connection with its administration of the Plan, the Committee may employ attorneys, consultants, accountants, agents, and other individuals, any of whom may be an Employee, and the Committee, the Company, and its
officers and Directors shall be entitled to rely upon the advice, opinions, or valuations of any such individuals. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Participants,
the Company, and all other interested individuals. 

  

	 	3.2	 Authority of the Committee. The Committee shall have full and exclusive discretionary power to interpret the
terms and the intent of this Plan and any Award Agreement or other agreement or document ancillary to or in connection with this Plan, to determine eligibility for Awards and to adopt such rules, regulations, forms, instruments, and guidelines for
administering this Plan as the Committee may deem necessary or proper. Such authority shall include, but not be limited to, selecting Award recipients, establishing all Award terms and conditions, including the terms and conditions set forth in
Award Agreements, granting Awards as an alternative to or as the form of payment for grants or rights earned or due under compensation plans or arrangements of the Company, determining whether, to what extent and under what circumstances any Award
shall be canceled or suspended, or vesting terms or other restrictions continued, waived or accelerated, construing any ambiguous provision of the Plan or any Award Agreement, and, subject to Article 16, correcting a defect or supplying any
omission, or reconciling any inconsistency so that the Plan or any Award Agreement complies with applicable law, regulations and listing requirements and so as to avoid unanticipated consequences or address unanticipated events (including any
temporary closure of the stock exchange on which the Company’s Shares are listed, disruption of communications or natural catastrophe), or adopting modifications and amendments to this Plan or any Award Agreement, including without limitation,
any that are necessary to comply with the laws of the countries and other jurisdictions in which the Company, any Associate or any Subsidiary operates. 

  

	 	3.3	 Delegation. The Committee may delegate to one or more of its members or to one or more officers of the Company,
and/or its Subsidiaries and Associates or to one or more agents or advisors such administrative duties or powers as it may deem advisable, and the Committee or any individuals to whom it has delegated duties or powers as aforesaid may employ one or
more individuals to render advice with respect to any responsibility the Committee or such individuals may have under this Plan. To the extent permitted by applicable law, the Committee may, by resolution, authorize one or more officers of the
Company to do one or both of the following on the same basis as can the Committee: (a) designate Employees to be recipients of Awards; and (b) determine the size of any such Awards; provided, however, (i) the Committee shall not
delegate such responsibilities to any such officer for Awards granted to an Employee who is considered an Insider; (ii) the resolution providing such authorization sets forth the total number of Awards such officer(s) may grant; and
(iii) the officer(s) shall report periodically to the Committee regarding the nature and scope of the Awards granted pursuant to the authority delegated. 

 

	Article 4.	 Shares Subject to this Plan and Maximum Awards 

 

	 	4.1	 Number of Shares Available for Awards. As of the Effective Date, subject to Sections 4.2 and 4.4, a total of
17,900,000 Shares shall be authorized and available for Awards under this Plan, less one Share for every one (1) Share that was subject to an award granted under the Prior Plan after December 31, 2021 and prior to the Effective Date (the
“Share Authorization”). Subject to Section 4.2, each Share that is subject to an Award granted under the Plan shall be counted against this limit as one (1) Share for every one (1) Share granted. After the Effective Date, no
awards may be granted under the Prior Plan. 

  

	 	4.2	 Share Usage. Shares covered by an Award shall only be counted as used to the extent they are actually issued.
Any Shares related to Awards (or, after December 31, 2021, awards granted under the Prior Plan) which terminate by expiration, forfeiture, cancellation, or otherwise without the issuance of such Shares, are settled in cash in lieu of Shares, or
are exchanged with the Committee’s permission, prior to the issuance of Shares, for Awards not involving Shares, shall be added (or added 

  
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 back, as applicable) to the Share Authorization. Moreover, if the Option Price of any Option
granted under this Plan (or, after December 31, 2021, the option price of any option granted under the Prior Plan) or the tax withholding requirements with respect to any Award granted under this Plan (or, after December 31, 2021, any
award granted under the Prior Plan) are satisfied by tendering Shares to the Company (by either actual delivery or by attestation), or if an SAR (or, after December 31, 2021, a stock appreciation right granted under the Prior Plan) is
exercised, only the number of Shares issued, net of the Shares tendered, if any, will be deemed delivered for purposes of determining the Share Authorization. The Shares available for issuance under this Plan may be authorized and unissued Shares or
treasury Shares. Solely for purposes of determining whether Shares are available for the grant of Incentive Stock Options under the Plan, the maximum aggregate number of Shares that may be issued pursuant to Incentive Stock Options granted under the
Plan shall be 17,900,000 Shares, subject to adjustment as provided in Section 4.4. 
  

	 	4.3	 Nonemployee Director Compensation Limit. The aggregate dollar value of equity-based (based on the grant date
Fair Market Value of equity-based Awards) and cash compensation granted under this Plan or otherwise to any Nonemployee Director shall not exceed $750,000 during any calendar year; provided, however, that in the calendar year in which a Nonemployee
Director first joins the Board or during any calendar year in which a Nonemployee Director is serving as Chair of the Board or Lead Director, the maximum aggregate dollar value of equity-based and cash compensation granted to the Nonemployee
Director may be up to $1,000,000. 

  

	 	4.4	 Adjustments in Authorized Shares. If the outstanding securities of the class then subject to this Plan are
increased, decreased or exchanged for or converted into cash, property or a different number or kind of securities, or if cash, property or securities are distributed in respect of those outstanding securities, in any case as a result of a
reorganization, merger consolidation, recapitalization, restructuring, reclassification, extraordinary dividend or other distribution (other than regular, quarterly cash dividends), stock split, reverse stock split or the like, or if substantially
all of the property and assets of the Company are sold, then, the Committee shall make appropriate and proportionate adjustments in (a) the number, price (if applicable) and type of shares or other securities or cash or other property that may
be subject to Awards previously granted under this Plan, and (b) the maximum number and type of shares or other securities or cash or other property that may be issued pursuant to Awards thereafter granted under this Plan; provided, however,
that no adjustment may be made to the number of Shares that may be acquired pursuant to outstanding Incentive Stock Options or the maximum number of Shares with respect to which Incentive Stock Options may be granted under this Plan to the extent
the adjustment would result in those Options being treated as other than Incentive Stock Options. Notwithstanding anything in this Section 4.4 to the contrary, an adjustment to an Option or SAR under this Section 4.4 shall be made in a
manner that will not result in the grant of a new Option or SAR under Section 409A of the Code. 

 Subject to
Section 16.3 and Article 12, the Committee, in its sole discretion, may also make appropriate adjustments in the terms of any Awards under this Plan to reflect or related to such changes or distributions and to modify any other terms of
outstanding Awards, including modifications of performance goals and changes in the length of Performance Periods. Subject to Section 16.3, the determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and
binding on Participants under this Plan. 
 Subject to the provisions of Article 16 and notwithstanding anything else herein to the contrary,
without affecting the number of Shares reserved or available hereunder, the Committee may authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation, acquisition of property or stock, or
reorganization upon such terms and conditions as it may deem appropriate (including a conversion of equity awards into Awards under this Plan in a manner consistent with applicable regulations), subject to compliance with the rules under Sections
422 and 424 of the Code, as and where applicable. 
  

	 	4.5	 Minimum Vesting Requirements. Notwithstanding any other provision of the Plan to the contrary, no Option or SAR
granted under the Plan shall become exercisable or vested prior to the two-year anniversary of the date of grant (excluding, for this purpose, any (i) Substitute Awards, (ii) Awards to Outside
Directors that vest on the earlier of the one year anniversary of the date of grant or the next 

  
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 annual general meeting of stockholders which is at least 50 weeks after the immediately
preceding year’s annual general meeting, and (iii) Shares delivered in lieu of fully earned Outside Director cash compensation obligations); provided, however, that, such restriction shall not apply to Options or SARs granted under this
Plan with respect to the number of Shares which, in the aggregate, does not exceed five percent (5%) of Share Authorization under Section 4.1 (subject to Section 4.4). For the avoidance of doubt, this Section 4.5 does not apply to the
Committee’s discretion to provide for accelerated exercisability or vesting of any Award, including in cases of retirement, death, disability or a change of control, in the terms of the Award Agreement or otherwise. 

 

	Article 5.	 Eligibility and Participation 

 

	 	5.1	 Eligibility. Individuals eligible to participate in this Plan include all Employees, Directors and Consultants,
in each case, to the extent permissible under Form S-8 under the Securities Act of 1933. 

  

	 	5.2	 Actual Participation. Subject to the provisions of this Plan, the Committee may, from time to time, select from
all eligible individuals, those individuals to whom Awards shall be granted and shall determine, in its sole discretion, the nature of, any and all terms permissible by law and the amount of each Award. 

 

	Article 6.	 Stock Options 

  

	 	6.1	 Grant of Options. Subject to the terms and provisions of this Plan, Options may be granted to Participants in
such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee, in its sole discretion; provided that ISOs may be granted only to eligible Employees of the Company or of any parent or subsidiary
corporation (as permitted under Sections 422 and 424 of the Code). 

  

	 	6.2	 Award Agreement. Each Option grant shall be evidenced by an Award Agreement that shall specify the Option
Price, the maximum duration of the Option, the number of Shares to which the Option pertains, the conditions upon which an Option shall become vested and exercisable (subject to Section 4.5), and such other provisions as the Committee shall
determine which are not inconsistent with the terms of this Plan. The Award Agreement also shall specify whether the Option is intended to be an ISO or an NQSO. 

 

	 	6.3	 Option Price. The Option Price for each grant of an Option under this Plan shall be determined by the Committee
in its sole discretion and shall be specified in the Award Agreement; provided, however, the Option Price on the date of grant must be at least equal to one hundred percent (100%) of the FMV of the Shares as determined on the date of grant; provided
further, however that the Option Price may be less than one hundred percent (100%) of the FMV of a Share on the date of grant if the applicable Option is granted pursuant to an assumption of, or substitution for, another option pursuant to a
transaction and in a manner consistent with the provisions of Section 409A of the Code and, if applicable, Section 424(a) of the Code. Notwithstanding the foregoing, the price at which Shares may be purchased under an ISO granted to a
Participant who is a ten-percent owner shall not be less than one hundred ten percent (110%) of the FMV of the Shares as determined on the date of grant. For this purpose, a
“ten-percent owner” shall mean a person who, at the time the ISO is granted, owns stock with more than ten percent (10%) of the total combined voting power of all classes of stock of the Company.

  

	 	6.4	 Term of Options. Each Option granted to a Participant shall expire at such time as the Committee shall
determine at the time of grant; provided, however, no Option shall be exercisable later than the tenth (10th) anniversary of the date of grant. Notwithstanding the foregoing, the period during which an ISO may be exercised by a ten percent owner
shall expire not later than five (5) years from the date the ISO is granted. 

  

	 	6.5	 Exercise of Options. Options granted under this Article 6 shall be exercisable at such times and be subject to
such restrictions and conditions as the Committee shall in each instance approve, which terms and restrictions need not be the same for each grant or for each Participant. 

 

  
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	 	6.6	 Payment. Options granted under this Article 6 shall be exercised by the delivery of a notice of exercise to the
Company or an agent designated by the Company in a form specified or accepted by the Committee, or by complying with any alternative procedures which may be authorized by the Committee, setting forth the number of Shares with respect to which the
Option is to be exercised, accompanied by full payment for the Shares. 

 A condition of the issuance of the Shares as to
which an Option shall be exercised shall be the payment of the Option Price. The Option Price of any Option shall be payable to the Company in full either: (a) in cash or its equivalent; (b) by tendering (either by actual delivery or
attestation) previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the Option Price; (c) a cashless exercise (broker-assisted exercise) through a “same day sale” commitment; (d) by a
combination of (a), (b), and (c); or (e) any other method approved or accepted by the Committee in its sole discretion. 
 Subject to
any governing rules or regulations, as soon as practicable after receipt of written notification of exercise and full payment (including satisfaction of any applicable tax withholding), the Company shall deliver to the Participant evidence of book
entry Shares, or upon the Participant’s request, Share certificates in an appropriate amount based upon the number of Shares purchased under the Option(s). 

Unless otherwise determined by the Committee, all payments under all of the methods indicated above shall be paid in United States dollars.

  

	 	6.7	 Restrictions on Share Transferability. The Committee may impose such restrictions on any Shares acquired
pursuant to the exercise of an Option granted under this Article 6 as it may deem advisable, including, without limitation, minimum holding period requirements, restrictions under applicable federal securities laws, under the requirements of any
stock exchange or market upon which such Shares are then listed and/or traded, or under any blue sky or state securities laws applicable to such Shares. 

  

	 	6.8	 Termination of Employment. Each Participant’s Award Agreement shall set forth the extent to which the
Participant shall have the right to exercise the Option following termination of the Participant’s employment or provision of services to the Company, any Associate or any Subsidiary, as the case may be. Such provisions shall be determined in
the sole discretion of the Committee, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Options issued pursuant to this Article 6 and may reflect distinctions based on the reasons for
termination. 

  

	 	6.9	 Notification of Disqualifying Disposition. If any Participant shall make any disposition of Shares issued
pursuant to the exercise of an ISO under the circumstances described in Section 421(b) of the Code (relating to certain disqualifying dispositions), such Participant shall notify the Company of such disposition within ten (10) days
thereof. 

  

	Article 7.	 Stock Appreciation Rights 

 

	 	7.1	 Grant of SARs. Subject to the terms and conditions of this Plan, SARs may be granted to Participants at any
time and from time to time as shall be determined by the Committee. The Committee may grant Freestanding SARs, Tandem SARs, or any combination of these forms of SARs. Subject to the terms and conditions of this Plan, the Committee shall have
complete discretion in determining the number of SARs granted to each Participant and, consistent with the provisions of this Plan, in determining the terms and conditions pertaining to such SARs. 

 

	 	7.2	 Award Agreement. Each SAR shall be evidenced by an Award Agreement that shall specify the Grant Price, the
maximum duration of the SAR, the number of Shares to which the SAR pertains, the conditions upon which the SAR shall become vested and exercisable (subject to Section 4.5), and such other provisions as the Committee shall determine which are
not inconsistent with the terms of this Plan. 

  

	 	7.3	 Grant Price. The Grant Price for each grant of a Freestanding SAR shall be determined by the Committee and
shall be specified in the Award Agreement; provided, however, the Grant Price on the date of grant must be at least equal to one hundred percent (100%) of the FMV of the Shares as 

  
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determined on the date of grant; provided, further, the Grant Price may be less than one hundred percent (100%) of the FMV of a Share on the date of grant if the applicable SAR is granted
pursuant to an assumption of, or substitution for, another stock appreciation right pursuant to a transaction and in a manner consistent with the provisions of Section 409A of the Code and, if applicable, Section 424(a) of the Code. The
Grant Price of Tandem SARs shall be equal to the Option Price of the related Option. 

  

	 	7.4	 Term of SAR. The term of an SAR granted under this Plan shall be determined by the Committee, in its sole
discretion, and except as determined otherwise by the Committee and specified in the SAR Award Agreement, no SAR shall be exercisable later than the tenth (10th) anniversary of the date of grant. 

 

	 	7.5	 Exercise of Freestanding SARs. Freestanding SARs may be exercised upon whatever terms and conditions the
Committee, in its sole discretion, imposes. 

  

	 	7.6	 Exercise of Tandem SARs. Tandem SARs may be exercised for all or part of the Shares subject to the related
Option upon the surrender of the right to exercise the equivalent portion of the related Option. A Tandem SAR may be exercised only with respect to the Shares for which its related Option is then exercisable. 

Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (a) the
Tandem SAR will expire no later than the expiration of the underlying ISO; (b) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent (100%) of the excess of the Fair Market Value of the Shares
subject to the underlying ISO at the time the Tandem SAR is exercised over the Option Price of the underlying ISO; and (c) the Tandem SAR may be exercised only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price
of the ISO. 
  

	 	7.7	 Settlement of SAR Amount. Subject to Section 19.11 herein, upon the exercise of an SAR, a Participant
shall be entitled to receive payment from the Company in cash, Shares or a combination of cash and Shares as the Committee, in its sole discretion, shall determine, in an amount determined by multiplying: 

 

	 	(a)	 The excess of the Fair Market Value of a Share on the date of exercise over the Grant Price, less applicable
tax withholding; by 

  

	 	(b)	 The number of Shares with respect to which the SAR is exercised. 

 

	 	7.8	 Termination of Employment. Each Award Agreement shall set forth the extent to which the Participant shall have
the right to exercise the SAR following termination of the Participant’s employment with or provision of services to the Company, any Associate or any Subsidiary, as the case may be. Such provisions shall be determined in the sole discretion of
the Committee, shall be included in the Award Agreement entered into with Participants, need not be uniform among all SARs issued pursuant to this Plan, and may reflect distinctions based on the reasons for termination. 

 

	 	7.9	 Other Restrictions. The Committee shall impose such other conditions and/or restrictions on any Shares received
upon exercise of an SAR granted pursuant to this Plan as it may deem advisable or desirable. These restrictions may include a requirement that the Participant hold the Shares received upon exercise of an SAR for a specified period of time.

  

	Article 8.	 Restricted Stock and Restricted Stock Units 

 

	 	8.1	 Grant of Restricted Stock or Restricted Stock Units. Subject to the terms and provisions of this Plan, the
Committee, at any time and from time to time, may grant Shares of Restricted Stock or Restricted Stock Units to Participants in such amounts as the Committee shall determine. Restricted Stock Units shall be similar to Restricted Stock except that no
Shares are actually awarded to the Participant on the date of grant. 

  
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	 	8.2	 Restricted Stock or Restricted Stock Unit Agreement. Each Restricted Stock and/or Restricted Stock Unit grant
shall be evidenced by an Award Agreement that shall specify the Period(s) of Restriction, the number of Shares of Restricted Stock or the number of Restricted Stock Units granted and such other provisions as the Committee shall determine.

  

	 	8.3	 Other Restrictions. The Committee shall impose such other conditions or restrictions on any Shares of
Restricted Stock or Restricted Stock Units granted pursuant to this Plan as it may deem advisable including a requirement that Participants pay a stipulated purchase price for each Share of Restricted Stock or each Restricted Stock Unit,
restrictions based upon the achievement of specific Performance Measures, time-based restrictions on vesting following the attainment of the Performance Measures, time-based restrictions, restrictions under applicable laws or under the requirements
of any stock exchange or market upon which such Shares are listed or traded or holding requirements or sale restrictions placed on the Shares by the Company upon vesting of such Restricted Stock or Restricted Stock Units. 

To the extent deemed appropriate by the Committee, the Company may retain the certificates representing Shares of Restricted Stock in the
Company’s possession until such time as all conditions or restrictions applicable to such Shares have been satisfied or lapse. 
 Except
as otherwise provided in this Article 8, Shares of Restricted Stock covered by each Restricted Stock Award shall become freely transferable by the Participant after all conditions and restrictions applicable to such Shares have been satisfied or
lapse (including satisfaction of any applicable tax withholding obligations), and Restricted Stock Units shall be paid in cash, Shares or a combination of cash and Shares as the Committee, in its sole discretion, shall determine. 

 

	 	8.4	 Certificate Legend. In addition to any legends placed on certificates pursuant to Section 8.3, each
certificate representing Shares of Restricted Stock granted pursuant to this Plan may bear a legend such as the following or as otherwise determined by the Committee in its sole discretion: 

The sale or transfer of Shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to
certain restrictions on transfer as set forth in the MGM Resorts International 2022 Omnibus Incentive Plan, and in the associated Award Agreement. A copy of this Plan and such Award Agreement may be obtained from MGM Resorts International. 

 

	 	8.5	 Stockholder Rights. Unless otherwise determined by the Committee and set forth in a Participant’s Award
Agreement, to the extent permitted or required by law, as determined by the Committee, Participants holding Shares of Restricted Stock granted hereunder shall, subject to the last sentence in this Section 8.5, have the right to receive
dividends in cash or other property or distribution rights in respect of their Shares of Restricted Stock, to the extent made available under the terms of the Awards granting the Shares of the Restricted Stock, and may be granted the right to
exercise full voting rights with respect to those Shares during the Period of Restriction. A Participant shall have no voting rights at any time with respect to any Restricted Stock Units granted hereunder. Notwithstanding the foregoing, any
dividends or dividend equivalents that relate to Restricted Stock or Restricted Stock Units shall be subject to the same vesting conditions and risk of forfeiture as the underlying Award. 

 

	 	8.6	 Termination of Employment. Each Award Agreement shall set forth the extent to which the Participant shall have
the right to retain Restricted Stock or Restricted Stock Units following termination of the Participant’s employment with or provision of services to the Company, any Associate or any Subsidiary, as the case may be. Such provisions shall be
determined in the sole discretion of the Committee, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Shares of Restricted Stock or Restricted Stock Units issued pursuant to this Plan, and may
reflect distinctions based on the reasons for termination. 

  

	 	8.7	 Section 83(b) Election. The Committee may provide in an Award Agreement that the 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 concerning a Restricted Stock
Award, the Participant shall be required to promptly provide a copy of such election with the Company. 

  
 A-9 

	Article 9.	 Performance Units/Performance Shares 

 

	 	9.1	 Grant of Performance Units/Performance Shares. Subject to the terms and provisions of this Plan, including
Article 13, the Committee, at any time and from time to time, may grant Performance Units and/or Performance Shares to Participants in such amounts and upon such terms as the Committee shall determine. 

 

	 	9.2	 Value of Performance Units/Performance Shares. Each Performance Unit shall have an initial value that is
established by the Committee at the time of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. The Committee shall set Performance Measures in its discretion which, depending on
the extent to which they are met, will determine the value or number of Performance Units/Performance Shares that will be paid out to the Participant. 

  

	 	9.3	 Earning of Performance Units/Performance Shares. Subject to the terms of this Plan, after the applicable
Performance Period has ended, the holder of Performance Units/Performance Shares shall be entitled to receive payout on the value and number of Performance Units/Performance Shares earned by the Participant over the Performance Period, to be
determined as a function of the extent to which the corresponding Performance Measures have been achieved. 

  

	 	9.4	 Form and Timing of Payment of Performance Units/Performance Shares. Payment of earned Performance
Units/Performance Shares shall be as determined by the Committee and as evidenced in the Award Agreement. Subject to the terms of this Plan, the Committee, in its sole discretion, may pay earned Performance Units/Performance Shares in the form of
cash or in Shares (or in a combination thereof) equal to the value of the earned Performance Units/Performance Shares at the close of the applicable Performance Period, as soon as practicable after the end of the Performance Period or subject to any
deferred settlement terms as set forth in the Award Agreement. Any Shares may be granted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee with respect to the form of payout of such Awards shall be
set forth in the Award Agreement pertaining to the grant of the Award. 

  

	 	9.5	 Termination of Employment. Each Award Agreement shall set forth the extent to which the Participant shall have
the right to retain Performance Units and/or Performance Shares following termination of the Participant’s employment with or provision of services to the Company, any Associate or any Subsidiary, as the case may be. Such provisions shall be
determined in the sole discretion of the Committee, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Awards of Performance Units or Performance Shares issued pursuant to this Plan, and may
reflect distinctions based on the reasons for termination. 

  

	Article 10.	 Other Stock-Based Awards 

 

	 	10.1	 Other Stock-Based Awards. The Committee may grant other types of equity-based or equity-related Awards not
otherwise described by the terms of this Plan (including the grant or offer for sale of unrestricted Shares) in such amounts and subject to the terms and conditions of this Plan, including Article 13, as the Committee shall determine. Such Awards
may involve the transfer of actual Shares to Participants, and may include Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States. 

 

	 	10.2	 Value of Other Stock-Based Awards. Each Other Stock-Based Award shall be expressed in terms of Shares or units
based on Shares, as determined by the Committee. The Committee may establish performance goals in its discretion. If the Committee exercises its discretion to establish performance goals, the number or value of Other Stock-Based Awards that will be
paid out to the Participant will depend on the extent to which the performance goals are met. 

  

	 	10.3	 Payment of Other Stock-Based Awards. Payment, if any, with respect to an Other Stock-Based Award shall be made
in accordance with the terms of the Award, in cash, Shares or a combination thereof, as the Committee determines in its sole discretion. 

  

	 	10.4	 Termination of Employment. The Committee shall determine the extent to which the Participant shall have the
right to receive Other Stock- Based Awards following termination of the Participant’s 

  
 A-10 

	 	
employment with or provision of services to the Company, any Associate or any Subsidiary, as the case may be. Such provisions shall be determined in the sole discretion of the Committee, and may
be included in an agreement entered into with each Participant, but need not be uniform among all Other Stock-Based Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination. 

 

	Article 11.	 Transferability of Awards 

 

	 	11.1	 Transferability of Incentive Stock Options. No ISO granted under this Plan may be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, all ISOs granted to a Participant under Article 6 shall be exercisable during his or her lifetime only by such Participant.

  

	 	11.2	 All Other Awards. Except for any Permitted Transfers provided for in a Participant’s Award Agreement,
which Permitted Transfers may be subject to additional restrictions determined by the Committee and as set forth in the Award Agreement, no other Award granted under this Plan may be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated, other than by will or by the laws of descent and distribution. Further, except with respect to interests in Awards which have been subject to a Permitted Transfer provided for in a Participant’s Award Agreement, all Awards granted
to a Participant under this Plan, as applicable, shall be exercisable during his or her lifetime only by such Participant. With respect to those Awards (other than ISOs), if any, that are subject to Permitted Transfers, references in this Plan to
exercise or payment related to such Awards by or to the Participant shall be deemed to include, as determined by the Committee, the Participant’s Family Members to whom such Permitted Transfers were made. 

 

	Article 12.	 Performance Measures 

 

	 	12.1	 Performance Measures. The Committee may establish Performance Measures and level of achievement versus such
Performance Measures that may determine the number of Shares to be granted, retained, vested, issued or issuable under or in settlement of or the amount payable pursuant to an Award, which Performance Measures may include any one or more standards
of the performance of the Company, its Subsidiaries or Associates or any portion thereof or individual performance factors as the Committee shall determine, in its sole discretion. Any Performance Measure(s) may be used to measure the performance of
the Company, Subsidiary or Associate as a whole or any business unit of the Company, Subsidiary or Associate or any combination thereof, annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to a previous years’ result as the Committee may deem appropriate, as compared to the performance of a group of comparator companies, or published or special index that the Committee, in
its sole discretion, deems appropriate. The Committee also has the authority to provide for accelerated vesting of any Award based on the achievement of performance goals pursuant to the Performance Measures specified in this Article 12.

  

	 	12.2	 Evaluation of Performance. The Committee may, in its discretion, include or exclude any of the following events
that occurs during a Performance Period in the evaluation of a Performance Measure: (a) asset write-downs, (b) litigation or claim judgments or settlements, (c) the effect of changes in tax laws, accounting principles, or other
laws or provisions affecting reported results, (d) any reorganization and restructuring programs, (e) extraordinary nonrecurring items as described in applicable accounting provisions or in management’s discussion and analysis of
financial condition and results of operations appearing in the Company’s annual report to stockholders for the applicable year, (f) acquisitions or divestitures, (g) foreign exchange gains and losses, and (h) any other item
determined in the Committee’s sole discretion. 

  

	 	12.3	 Adjustment of Performance-Based Compensation. The Committee shall retain the discretion to adjust Awards,
either on a formula or discretionary basis or any combination, as the Committee determines. 

  
 A-11 

	Article 13.	 Dividend Equivalents 

Any Participant selected by the Committee may be granted dividend equivalents based on the dividends declared on Shares that are subject to any
Award other than Options or SARs, to be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award vests or becomes payable, as determined by the Committee. Such dividend equivalents shall
be converted to cash or additional Shares by such formula and at such time and subject to such limitations as may be determined by the Committee. Notwithstanding the foregoing, any dividend equivalents shall be subject to the same vesting conditions
and risk of forfeiture as the underlying Award. 
  

	Article 14.	 Beneficiary Designation 

To the extent permitted by the Committee, in its sole discretion, each Participant under this Plan may, from time to time, name any beneficiary
or beneficiaries (who may be named contingently or successively) to whom any benefit under this Plan is to be paid in case of his death before he receives any or all of such benefit. Each such designation (if permitted) shall revoke all prior
designations by the same Participant, shall be in a form prescribed by the Committee, and will be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. In the absence of any such beneficiary
designation, benefits remaining unpaid or rights remaining unexercised at the Participant’s death shall be paid or exercised by the Participant’s executor, administrator, or legal representative. 

 

	Article 15.	 Rights of Participants 

 

	 	15.1	 Employment. Nothing in this Plan or an Award Agreement shall interfere with or limit in any way the right of
the Company, any Associate or any Subsidiary, to terminate any Participant’s employment or service on the Board or to the Company at any time or for any reason not prohibited by law, nor confer upon any Participant any right to continue his
employment or service as a Director or Consultant for any specified period of time. 

 Neither an Award nor any benefits
arising under this Plan shall constitute an employment contract with the Company, any Associate or any Subsidiary and, accordingly, subject to Articles 3 and 16, this Plan and the benefits hereunder may be terminated at any time in the sole and
exclusive discretion of the Committee without giving rise to any liability on the part of the Company, any Associate or any Subsidiary. 
  

	 	15.2	 Participation. No individual shall have the right to be selected to receive an Award under this Plan, or,
having been so selected, to be selected to receive a future Award. 

  

	 	15.3	 Rights as a Stockholder. Except as otherwise provided herein, a Participant shall have none of the rights of a
stockholder with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares. 

  

	Article 16.	 Amendment, Modification, Suspension, and Termination 

 

	 	16.1	 Amendment, Modification, Suspension, and Termination. Subject to Section 16.3, the Committee may, at any
time and from time to time, alter, amend, modify, suspend, or terminate this Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in
Section 4.4, the Option Price of outstanding Options or the Grant Price of outstanding SARs issued under this Plan will not be reduced; at any time when the Option Price of outstanding Options or the Grant Price of outstanding SARs is above the
Fair Market Value of a Share, no alteration, amendment or modification shall provide that any such outstanding Option or SAR be cancelled and regranted or exchanged for either cash or a new Award with a lower (or no) Option Price or Grant Price; and
no other action shall be taken with respect to an Option or SAR that would be treated as a repricing under the rules and regulations of the principal U.S. national securities exchange on which the Shares are listed. And, no material amendment of
this Plan shall be made without stockholder approval if stockholder approval is required by law, regulation, or stock exchange rule. The Plan shall remain in effect until terminated in accordance with this Section 16.1; provided, however, no
Incentive Stock Options may be granted more than ten (10) years after the most recent adoption of this Plan by the Board. 

  
 A-12 

	 	16.2	 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee may make
adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including the events described in Section 4.4 hereof) affecting the Company or the financial statements of the
Company or of changes in applicable laws, regulations or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent unintended dilution or enlargement of the benefits or potential benefits
intended to be made available under this Plan. The determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under this Plan. 

 

	 	16.3	 Awards Previously Granted. Notwithstanding any other provision of this Plan to the contrary (other than
Section 16.4), no termination, amendment, suspension, or modification of this Plan or an Award Agreement shall adversely affect in any material way any Award previously granted under this Plan, without the written consent of the Participant
holding such Award. 

  

	 	16.4	 Amendment to Conform to Law. Notwithstanding any other provision of this Plan to the contrary, the Board may
amend the Plan or an Award Agreement, to take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of conforming the Plan or an Award Agreement to any present or future law relating to plans of this or similar nature
(including Section 409A of the Code), and to the administrative regulations and rulings promulgated thereunder. 

  

	Article 17.	 Withholding 

  

	 	17.1	 Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant
to remit to the Company, the amount to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. 

 

	 	17.2	 Share Withholding. With respect to withholding required upon the exercise of Options or SARs, upon the lapse of
restrictions on Restricted Stock and Restricted Stock Units, or upon the achievement of Performance Measures related to Performance Shares, or any other taxable event arising as a result of an Award granted hereunder, Participants may elect, subject
to the approval of the Committee, or the Company may require that the withholding requirement, in whole or in part, be satisfied by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the
minimum statutory total tax (or such other greater total tax amount that will not cause an adverse accounting consequence or cost, in accordance with Company policy and as authorized by the Committee) that could be imposed on the transaction. All
such Participant elections shall be irrevocable, made in writing and signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

 

	Article 18.	 Successors 

All obligations of the Company under this Plan with respect to Awards granted hereunder shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

 

	Article 19.	 General Provisions 

  

	 	19.1	 Legend. The certificates for Shares may include any legend which the Committee deems appropriate to reflect any
restrictions on transfer of such Shares. 

  

	 	19.2	 Interpretation. Except where otherwise indicated by the context, any masculine term used herein also shall
include the feminine, the plural shall include the singular, and the singular shall include the plural. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference and shall not be deemed in any way
material or relevant to the construction or interpretation of the Plan or any provision thereof. The use herein of the word “including” following any general statement, term or matter shall not be construed to limit such statement, term or
matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not
limited to”, or 

  
 A-13 

	 	words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term or
matter. The word “or” as used herein is not exclusive and is deemed to have the meaning “and/or.” Unless the context requires otherwise, all references herein to a law, agreement, instrument or other document shall be deemed to
refer to such law, agreement, instrument or other document as amended, supplemented, modified and restated from time to time to the extent permitted by the provisions thereof. 

 

	 	19.3	 Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the
illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

 

	 	19.4	 Requirements of Law. The granting of Awards and the issuance of Shares under this Plan shall be subject to all
applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 

  

	 	19.5	 Delivery of Title. The Company shall have no obligation to issue or deliver evidence of title for Shares issued
under this Plan prior to: 

  

	 	(a)	 Obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and

  

	 	(b)	 Completion of any registration or other qualification of the Shares under any applicable national or foreign
law or ruling of any governmental body that the Company determines to be necessary or advisable. 

  

	 	19.6	 Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company’s counsel to be necessary or advisable to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such
Shares as to which such requisite authority shall not have been obtained. 

  

	 	19.7	 Investment Representations. The Committee may require any individual receiving Shares pursuant to an Award
under this Plan to represent and warrant in writing that the individual is acquiring the Shares for investment and without any present intention to sell or distribute such Shares. 

 

	 	19.8	 Employees Based Outside of the United States. Notwithstanding any provision of this Plan to the contrary, in
order to comply with the laws in other countries in which the Company, any Associate or any Subsidiary operates or has Employees, Directors or Consultants, the Committee, in its sole discretion, shall have the power and authority to:

  

	 	(a)	 Determine which Associates and Subsidiaries shall be covered by this Plan; 

 

	 	(b)	 Determine which Employees, Directors or Consultants outside the United States are eligible to participate in
this Plan; 

  

	 	(c)	 Modify the terms and conditions of any Award granted to Employees, Directors or Consultants outside the United
States to comply with applicable foreign laws; 

  

	 	(d)	 Establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions
may be necessary or advisable. Any subplans and modifications to Plan terms and procedures established under this Section 19.8 by the Committee shall be attached to this Plan document as appendices; and 

 

	 	(e)	 Take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with
any necessary local government regulatory exemptions or approvals. 

 Notwithstanding the above, the Committee may not take
any actions hereunder, and no Awards shall be granted, that would violate applicable law. 
  

	 	19.9	 Uncertificated Shares. To the extent that this Plan provides for issuance of certificates to reflect the
transfer of Shares, the transfer of such Shares may be effected on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 

  
 A-14 

	 	19.10	 Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments that
the Company, any Subsidiary or any Associate may make to aid it in meeting its obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind,
or a fiduciary relationship between the Company and any Participant, beneficiary, legal representative or any other individual. To the extent that any person acquires a right to receive payments from the Company, any Subsidiary or any Associate
under this Plan, such right shall be no greater than the right of an unsecured general creditor of the Company, a Subsidiary, or an Associate, as the case may be. All payments to be made hereunder shall be paid from the general funds of the Company,
a Subsidiary or an Associate, as the case may be and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in this Plan. 

 

	 	19.11	 No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to this Plan or any Award. The
Committee shall determine whether cash, Awards, or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated. 

 

	 	19.12	 Retirement and Welfare Plans. Neither Awards made under this Plan nor Shares or cash paid pursuant to such
Awards may be included as “compensation” for purposes of computing the benefits payable to any Participant under the Company’s, any Subsidiary’s or any Associate’s retirement plans (both qualified and non-qualified) or welfare benefit plans unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant’s benefit. 

 

	 	19.13	 Deferred Compensation. 

 

	 	(a)	 No deferral of compensation (as defined under Section 409A of the Code or guidance thereto) is intended
under this Plan. However, the Committee may permit deferrals of compensation pursuant to the terms of a Participant’s Award Agreement, a separate plan or a subplan which meets the requirements of Section 409A of the Code and any related
guidance. Employees who are subject to Section 409A of the Code shall only be granted Awards under this Plan that meet the requirements of Section 409A of the Code or qualify for an exemption under Section 409A of the Code or any
related guidance. Additionally, to the extent any Award is subject to Section 409A of the Code, notwithstanding any provision herein to the contrary, the Plan does not permit the acceleration of the time or schedule of any distribution related
to such Award, except as permitted by Section 409A of the Code, the regulations thereunder or the Secretary of the United States Treasury. 

  

	 	(b)	 To the extent any payment under this Plan is considered deferred compensation subject to the restrictions
contained in Section 409A of the Code, such payment may not be made to a specified employee (as determined in accordance with a uniform policy adopted by the Company with respect to all arrangements subject to Section 409A of the Code)
upon Separation from Service before the date that is six (6) months after the specified employee’s Separation from Service (or, if earlier, the specified employee’s death). Any payment that would otherwise be made during this period
of delay shall be accumulated and paid on the sixth (6th) month plus one (1) day following the specified employee’s Separation from Service (or, if earlier, as soon as administratively practicable after the specified employee’s
death). 

  

	 	(c)	 The Company makes no representation that any or all of the payments or benefits described in the Plan will be
exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. Participants shall be solely responsible for the payment of any taxes and penalties
incurred under Section 409A. 

  

	 	19.14	 Nonexclusivity of this Plan. The adoption of this Plan shall not be construed as creating any limitations on
the power of the Board or Committee to adopt such other compensation arrangements as it may deem desirable for any Participant. 

  
 A-15 

	 	19.15	 No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or
otherwise affect the Company’s or a Subsidiary’s or an Associate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve,
liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or a Subsidiary or an Associate to take any action which such entity deems to be necessary or appropriate.

  

	 	19.16	 Governing Law. The Plan and each Award Agreement shall be governed by the laws of the State of Delaware,
excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. Unless otherwise provided in the Award Agreement, recipients of an
Award under this Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of Delaware, to resolve any and all issues that may arise out of or relate to this Plan or any related Award Agreement.

  
 A-16EX-10.1

  Exhibit 10.1

   

  SAREPTA THERAPEUTICS, INC.

   

  2018 EQUITY INCENTIVE PLAN

   

  PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT

    

   NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT

    

  Participant: [Name of Participant]

    

  Address: 

    

  The above-named Participant (the “Participant”) has been granted the number of performance-based restricted stock units (the “PSUs”) set forth below giving the Participant the conditional right to receive, without payment therefor, one share of Common Stock of Sarepta Therapeutics, Inc. (the “Company”) with respect to each PSU forming part of the award, pursuant and subject to the terms and conditions of the 2018 Equity Incentive Plan (the “Plan”) and this Performance-Based Restricted Stock Unit Award Agreement, including this Notice of Performance-Based Restricted Stock Unit Grant (the “Notice of Grant”) and the Terms and Conditions of Performance-Based Restricted Stock Unit Grant attached hereto as Exhibit A (this “Award Agreement”), as follows:

    

  			
	Date of Grant
	  
	  

	  
	  
	  

	Vesting Commencement Date 
	  
	  

	 
	  
	  

	Number of PSUs
	  
	  

    

  Vesting Schedule

    

  Subject to the terms and conditions of the Plan and this Award Agreement and except as provided in paragraph (c) below, the PSUs will become earned and will vest, if at all, based on the satisfaction of the milestone-based performance conditions set forth in paragraph (a) below (the “Performance Conditions”) and the service conditions set forth in paragraph (b) below.

   

  (a)Milestone-based Performance Conditions. The PSUs shall become earned based upon the achievement of the specified Company milestones as set forth below during the Performance Period.  “Performance Period” means the period beginning on [DATE] and ending on [DATE] (such latter date, the “Performance Period End Date”):

   

  Milestone		Percentage of PSUs Earned

  - 			-

  - 			-

  - 			-
 

  (b)Service Vesting Condition.  One hundred percent (100%) of any PSUs that become earned PSUs in accordance with paragraph (a) shall become vested as of the Performance Period End Date.  Upon the termination of the Participant’s relationship with the Company (and/or a Subsidiary) as a Service Provider for any reason other than the death of the Participant prior to the Performance Period End Date, any then outstanding PSUs, whether or not earned, will be automatically and immediately forfeited for no consideration.  

   

  

   

  (c)Treatment on a Change in Control.  Notwithstanding anything in this Award Agreement or in any employment or change in control or similar individual agreement between the Company and the Participant to the contrary, any PSUs subject to this Award Agreement, to the extent outstanding and unvested immediately prior to the consummation of a Change in Control, shall be treated as follows: (i) the PSUs, to the extent unearned in accordance with paragraph (a) above, shall be deemed to be earned at [ ] ([X]%) and (ii) the earned PSUs, after giving effect to the preceding subsection (i) (but not more than [ ] ([X]%) of the PSUs), shall continue to be subject to the service vesting condition specified in paragraph (b) above unless otherwise provided by the Administrator in the Change in Control transaction.

   

  (d)Determinations by the Administrator.  The Administrator shall determine the extent to which, if at all, the Performance Conditions have been met and the number of PSUs that are earned hereunder.  Any PSUs that are earned hereunder are referred to as “earned PSUs”.  No PSUs shall be earned or shall vest until the Administrator determines that the Performance Condition have been met and determines the extent to which they have so been met.  Any earned PSUs shall be rounded down to the nearest whole number of shares and any fractional earned PSUs shall be disregarded.  All determinations shall be made by the Administrator and will be final and binding on the Participant.

   

   

  In the event the Participant’s relationship with the Company (and/or a Subsidiary) as a Service Provider terminates as a result of the Participant’s death, any PSUs that had become earned PSUs prior to the date of such death will vest as of the date of such death.

   

   

  Agreements and Acknowledgements

    

  The Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan and this Award Agreement. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and this Award Agreement. The Participant further agrees to notify the Company upon any change in the residence address indicated above.

    

  Further, the Participant acknowledges and agrees that (i) this Award Agreement may be executed in two or more counterparts, each of which will be an original and all of which together will constitute one and the same instrument, (ii) this Award Agreement may be executed and exchanged using facsimile, portable document format (PDF) or electronic signature, which, in each case, will constitute an original signature for all purposes hereunder, and (iii) such signature by the Company will be binding against the Company and will create a legally binding agreement when this Award Agreement is countersigned by the Participant.

    

  [Signature Page to Follow]

   

  

   

  			
	PARTICIPANT
  
	  
	SAREPTA THERAPEUTICS, INC.

	Signature
  
	  
	By

	Print Name
	  
	Title

   

   

  

   

  EXHIBIT A

    

  TERMS AND CONDITIONS OF PERFORMANCE-BASED 

  RESTRICTED STOCK UNIT GRANT

    

  1.Grant of Performance-Based Restricted Stock Units. The Company hereby grants to the Participant the number of PSUs set forth in the Notice of Grant that forms a part of this Award Agreement giving the Participant the conditional right to receive, without payment therefor, one share of Common Stock with respect to each PSU forming part of the award pursuant and subject to the terms and conditions of the Plan and this Award Agreement.

  2.Vesting Schedule. Unless earlier terminated, forfeited, relinquished or expired and subject to the Participant’s continuous relationship with the Company (and/or a Subsidiary) as a Service Provider from the Date of Grant through the Performance Period End Date, the PSUs will vest in accordance with the vesting provisions set forth in the Notice of Grant.

  3.Company’s Obligation to Pay. The Company shall, as soon as practicable upon the vesting of any portion of the PSUs awarded hereunder (but in no event later than 30 days following the date on which such PSUs vest), effect delivery of the Shares with respect to such vested PSUs to the Participant (or, in the event of the Participant’s death, the Beneficiary (as defined below)).

  4.Death of Participant. Any delivery to be made to the Participant under this Award Agreement will, if the Participant is then deceased, be made to the beneficiary named in the written designation (in a form acceptable to the Administrator) most recently filed with the Administrator by the Participant and not subsequently revoked, or if there is no such designated beneficiary, by the executor or administrator of the Participant’s estate (in each case, the “Beneficiary”). Any delivery under this Award Agreement to a Beneficiary will be subject to the Company receiving appropriate proof of the right of the Beneficiary to receive such distribution or delivery, as the case may be, as determined by the Administrator.

  5.Tax Obligations.

  a.Withholding Taxes. The vesting of the PSUs awarded hereunder, and the payment of any vested dividend equivalents with respect to such PSUs, will give rise to “wages” subject to withholding. The Participant expressly acknowledges and agrees that the Participant’s rights hereunder, including the right to be issued Shares upon vesting of the PSUs, are subject to the Participant promptly paying all taxes required to be withheld to the Company in cash, by check, with consideration received by the Company under any formal broker-assisted program implemented by the Company in connection with the Plan or by the surrender of Shares with a Fair Market Value on the date of surrender equal to the amount of all taxes required to be withheld, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting consequences to the Company (or by such other means as may be acceptable to the Administrator). No Shares will be transferred pursuant to the vesting of the PSUs unless and until the Participant has remitted to the Company an amount in cash or by check sufficient to satisfy any federal, state, local, foreign or provincial withholding tax requirements, or has made other arrangements satisfactory to the Administrator with respect to such taxes. The Participant authorizes the Company and its Subsidiaries to withhold such amount from any amounts otherwise owed to the Participant, but nothing in this sentence may be construed as relieving the Participant of any liability for satisfying his or her obligation under the preceding provisions of this Section.

  b.Participant Acknowledgment. Regardless of any action taken by the Company or its Subsidiaries, the Participant acknowledges and agrees that the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, capital/gains tax, payment on account or other tax-related items related to the PSUs and the Participant’s participation in the Plan (“Tax-Related Items”) is and remains the Participant’s sole responsibility and may exceed the amount, if any, withheld by the Company or its Subsidiaries. The Participant further acknowledges that the Company and/or its Subsidiaries (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the PSUs, including the grant, vesting or payment of the PSUs, the subsequent sale of any Shares underlying the PSUs that have been paid and the receipt of any dividend equivalents; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the PSUs to reduce or 

  

   

  eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant becomes subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, the Participant acknowledges and agrees that the Company and/or its Subsidiaries may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

  6.Dividend Equivalents. Cash dividend equivalents on Shares underlying PSUs shall be credited to a dividend equivalent book entry account on behalf of the Participant with respect to each PSU granted to a Participant, provided that such cash dividend equivalents shall not be deemed to be reinvested in Shares and will be held uninvested and without interest and paid in cash if and when the shares underlying the PSUs vest and are paid to the Participant. Stock dividend equivalents on Shares shall be credited to a dividend equivalent book entry account on behalf of the Participant with respect to each PSU granted to a Participant, provided that the Participant shall not be entitled to such dividend equivalents unless and until the shares underlying the PSUs vest and are paid to the Participant.

  7.Rights as Stockholder. Until the PSUs vest and the Shares underlying such vested PSUs are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to the PSUs. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 15(a) of the Plan.

  8.No Guarantee of Continued Service. NEITHER THE GRANT OF THE PSUS, NOR THE ISSUANCE OF SHARES UPON THE VESTING OF ANY PORTION OF THE PSUS, WILL GIVE THE PARTICIPANT ANY RIGHT TO BE RETAINED IN THE EMPLOY OR SERVICE OF THE COMPANY OR ANY OF ITS SUBSIDIARIES, AFFECT THE RIGHT OF THE COMPANY OR ANY OF ITS SUBSIDIARIES TO DISCHARGE THE PARTICIPANT AT ANY TIME, OR AFFECT ANY RIGHT OF THE PARTICIPANT TO TERMINATE HIS OR HER EMPLOYMENT OR SERVICE AT ANY TIME.

  9.Grant is Not Transferable. This award of PSUs may not be transferred except as expressly permitted under Section 5 of this Award Agreement or Section 14 of the Plan.

  10.Additional Conditions to Issuance of Shares. The Company will not be obligated to deliver any Shares under this Award Agreement until: (i) the Company is satisfied that all legal matters in connection with the issuance and delivery of such Shares have been addressed and resolved; (ii) if the outstanding Common Stock is at the time of delivery listed on any stock exchange or national market system, the shares to be delivered have been listed or authorized to be listed on such exchange or system upon official notice of issuance; and (iii) all conditions in this Award Agreement have been satisfied or waived. The Company may require, as a condition to the delivery of Shares under this Award Agreement or the vesting of such Shares, such representations or agreements as counsel for the Company may consider appropriate to avoid violation of any federal securities law (including, without limitation, the Securities Act of 1933, as amended), any applicable state or non-U.S. securities law or rule of any applicable stock exchange or national market system.

  11.Provisions of the Plan. This Award Agreement is subject in its entirety to all terms and provisions of the Plan, which is incorporated herein by reference. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award Agreement will have the meaning set forth in the Plan. A copy of the Plan as in effect on the Date of Grant has been furnished to the Participant. By accepting, or being deemed to have accepted, all or any part of the PSUs, the Participant agrees to be bound by the terms and conditions of the Plan and this Award Agreement.

  12.Recoupment Policy; Stock Ownership Guidelines. This award of PSUs and any Shares issued pursuant to this Award Agreement will be subject to the Company’s Recoupment Policy and its Stock Ownership Guidelines, where applicable.

  13.Electronic Delivery. The Company may decide to deliver any documents related to the PSUs awarded hereunder or future awards of PSUs that may be awarded under the Plan by electronic means or request the Participant’s consent to participate in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.

  14.Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company at Sarepta Therapeutics, Inc., 215 First Street, Suite 7, Cambridge, MA 02142, or at such other address as the Company may hereafter designate in writing.

  15.Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Award Agreement.

  

   

  16.Agreement Severable. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement.

  17.Modifications to the Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects covered. The Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. The Administrator may at any time or times amend this Award Agreement for any purpose which may at the time be permitted by law; provided, however, that except as otherwise expressly provided herein or in the Plan the Administrator may not, without the Participant’s consent, alter the terms of this Award Agreement so as to affect materially and adversely the Participant’s rights under this Award Agreement. This Award Agreement and the award of PSUs hereunder is intended to be exempt from Section 409A of the Code. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of the Participant, to comply with Section 409A of the Code, or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code in connection with this award of PSUs.

  18.Limitation on Liability. Notwithstanding anything to the contrary in the Plan or this Award Agreement, neither the Company, nor any of its Subsidiaries, nor the Administrator, nor any person acting on behalf of the Company, any of its Subsidiaries, or the Administrator, will be liable to the Participant or to any Beneficiary by reason of any acceleration of income, or any additional tax (including any interest and penalties), asserted by reason of the failure of this award of PSUs to satisfy the requirements of Section 409A of the Code or by reason of Section 4999 of the Code, or otherwise asserted with respect to this award of PSUs.

  19.Governing Law. This Award Agreement is governed by the laws of the State of Delaware, without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises under this award of PSUs or this Award Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Delaware, and agree that such litigation will be conducted in the state courts of Delaware, or the federal courts for the United States for the District of Delaware, and no other courts, where this award of PSUs is made and/or to be performed.

  20.Nature of Grant. In accepting the PSUs, the Participant acknowledges and agrees that:

  a.the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

  b.the grant of the PSUs is voluntary and occasional and does not create any contractual or other right to receive future grants of PSUs, or benefits in lieu of PSUs, even if PSUs have been granted in the past;

  c.all decisions with respect to future PSU grants, if any, will be at the sole discretion of the Company;

  d.the Participant’s participation in the Plan is voluntary;

  e.the PSUs and the underlying Shares are extraordinary items that (i) do not constitute compensation of any kind for services of any kind rendered to the Company and/or any Subsidiary, and (ii) are outside the scope of the Participant’s employment or service contract, if any;

  f.the PSUs and the underlying Shares and the income and value of the same, are not intended to replace any pension rights or compensation;

  g.the PSUs and the underlying Shares and the income and value of the same, are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company and/or any Subsidiary;

  h.the future value of the underlying Shares is unknown and cannot be predicted with certainty, and the Shares acquired upon payment of the PSUs may increase or decrease in value;

  i.no claim or entitlement to compensation or damages shall arise from forfeiture of the PSUs or diminution in value of the Shares acquired through vesting, forfeiture of the PSUs resulting from the termination of the Participant’s employment by the Company and/or any Subsidiary or continuous service (for any reason whatsoever and, whether or not later found to be invalid or in 

  

   

  breach of applicable labor laws or the terms of the Participant’s employment or service agreement, if any);

  j.for purposes of this PSU, regardless of the reason of the Participant’s termination (and whether or not later found to be invalid or in breach of applicable labor laws or the terms of the Participant’s employment or service agreement, if any), the Participant’s employment or service relationship will be considered terminated effective as of the date the Participant is no longer actively employed or providing services and will not be extended by any notice period mandated under local law (e.g., active employment would not include any contractual notice period or any period of “garden leave” or similar period pursuant to local law). The Administrator shall have the exclusive discretion to determine when the Participant is no longer actively employed for purposes of this PSU (including whether the Participant may still be considered to be providing services while on a leave of absence); and

  k.the Company and any Subsidiaries shall not be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the PSUs or of any amounts due to the Participant pursuant to the vesting and/or settlement of the PSUs or the subsequent sale of any Shares acquired upon payment of the PSUs.

  21.Data Privacy.  

  The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant’s Data (as defined below) by and among, as necessary and applicable, the Company and any Subsidiaries for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan.

  The Participant understands that the Company and/or Subsidiaries may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, and job title, any Common Stock or directorships held in the Company, and details of the PSUs or any other PSUs or other entitlement to Shares, canceled, exercised, vested, unvested or outstanding in the Participant’s favor (“Data”), for the purpose of implementing, administering and managing the Plan. The Participant understands that Data will be transferred to E*TRADE Securities LLC (including any of its affiliates and successors) or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan, that these recipients may be located in the Participant’s country or elsewhere, including outside the European Economic Area, and that the recipients’ country may have different data privacy laws and protections than the Participant’s country. The Participant authorizes the Company, E*TRADE Securities LLC (including any of its affiliates and successors) and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom the Participant may elect to deposit any Shares acquired upon vesting and payment of the PSUs.

  The Participant understands that the Participant may request a list with the names and addresses of any potential recipients of the Data by contacting the Participant’s local human resources representative. The Participant understands that Data shall be held as long as is reasonably necessary to implement, administer and manage the Participant’s participation in the Plan, and that the Participant may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Participant’s local human resources representative. Further, the Participant understands that the Participant is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke the Participant’s consent, the Participant’s employment status or service and career with the Company and/or any Subsidiary will not be adversely affected; the only adverse consequence of refusing or withdrawing the Participant’s consent is that the Company would not be able to grant the Participant PSUs or other equity awards or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing such consent may affect the Participant’s ability to participate in the Plan. In addition, the Participant understands that the Company and its Subsidiaries have separately implemented procedures for the handling of Data which the Company believes permits the 

  

   

  Company to use the Data in the manner set forth above notwithstanding the Participant’s withdrawal of such consent. For more information on the consequences of refusal to consent or withdrawal of consent, the Participant understands that the Participant may contact the Participant’s local human resources representative.

  22.Insider Trading Restrictions/Market Abuse Laws. The Participant acknowledges that, depending on the Participant’s country of residence, the Participant may be subject to insider trading restrictions and/or market abuse laws, which may affect the Participant’s ability to acquire or sell Shares or rights to Shares under the Plan during such times as the Participant is considered to have “inside information” regarding the Company (as defined by the laws in the Participant’s country). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy. The Participant acknowledges that it is the Participant’s responsibility to comply with any applicable restrictions, and the Participant is advised to speak to the Participant’s personal advisor on this matter.
 

  23.Foreign Asset/Account Reporting Requirements and Exchange Controls. The Participant’s country may have certain foreign asset and/or foreign account reporting requirements and exchange controls which may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends paid on Shares, sale proceeds resulting from the sale of Shares acquired under the Plan) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in the Participant’s country. The Participant may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated bank or broker within a certain time after receipt. The Participant acknowledges that it is the Participant’s responsibility to be compliant with such regulations, and the Participant should consult the Participant’s personal legal advisor for any details.

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