Document:

Exhibit 10.1

EATON VANCE CORP.

2013 OMNIBUS INCENTIVE PLAN

__________________________

(Effective
as of October 23, 2013,

as amended and restated on October
30, 2015, October 26, 2016 and October 25, 2017)

    	 

    	 

    

 

EATON VANCE

2013 OMNIBUS INCENTIVE PLAN

(Effective
as of October 23, 2013,

as amended and restated on October
30, 2015, October 26, 2016 and October 25, 2017)

__________________________

ARTICLE I

PURPOSE

The purpose of this Plan is to enhance
the profitability and value of the Company for the benefit of its stockholders by enabling the Company to offer Eligible Employees
and Non-Employee Directors stock-based incentives in the Company to attract, retain and reward such individuals and strengthen
the mutuality of interests between such individuals and the Company’s stockholders.

This Plan was initially effective as
of October 23, 2013 and has been amended and restated as of October 25, 2017, the date this amended and restated Plan was approved
by the voting stockholders of the Company (“Voting Stockholders”).

ARTICLE II

DEFINITIONS

For purposes of this Plan, the following
terms shall have the following meanings:

2.1             
“Award” means an award under this Plan of any Stock Option, Restricted Stock, Other Stock-Based
Award or Phantom Stock. All Awards shall be confirmed by, and subject to the terms of, a written Award Agreement.

2.2             
“Award Agreement” means a Notice and Award Agreement provided to the Participant, setting
forth the terms and conditions of an Award. An Award Agreement may be written or electronic, or in such other form as the Company
shall determine. A Participant’s acceptance (and non-revocation) of an Award hereunder will be deemed to constitute his or
her acceptance of all terms of the Plan and the Award Agreement. Award Agreements for Option Awards may be also referred to herein
as “Option Agreements.” Award Agreements for Restricted Stock Awards may be also referred to herein as “Restricted
Stock Agreements.” Award Agreements for Phantom Stock may be also referred to as “Phantom Stock Agreements.”

2.3             
“Board” means the Board of Directors of the Company.

2.4             
“Cause” means, with respect to any employee of the Company or Subsidiary, (i) such employee’s
failure to perform and discharge his or her duties and responsibilities for any reason other than death or disability, (ii) such
employee’s engagement in an action or course of conduct that in the reasonable judgment of the Committee (A) constitutes
fraud, embezzlement

    	 

    	 

    

or theft, (B) violates the Company’s Code of Business
Conduct or Code of Ethics as then in effect, (C) constitutes a crime, (D) violates any rule, regulation or law to which the Company
or Subsidiary is subject, (E) is negligent, or (F) harms the Company or Subsidiary or either the Company or the Subsidiary’s
reputation, (iii) the sanction or censure of such employee by any regulatory or administrative body (including without limitation
federal, foreign, state and local), or (iv) such employee’s failure to maintain any license or registration required for
the employee to perform the functions of the employee’s position. With respect to a Termination of Directorship, “cause”
means an act or failure to act that constitutes cause for removal of a director under the Certificate of Incorporation and By-Laws
of the Company or applicable law.

2.5             
“Change in Control” Unless otherwise determined by the Committee, a “Change in Control”
shall be deemed to occur upon any of the following transactions:

(a)               
The acquisition, other than from the Company or with the Company’s interest, by any individual, entity or group (within
the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning
of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the combined voting power of the then outstanding Company Voting
Stock; provided, that any acquisition by the Company or any of its Subsidiaries, or any employee benefit plan (or related trust)
sponsored or maintained by the Company or any of its Subsidiaries shall not constitute a Change in Control.

(b)              
Approval by the Voting Stockholders of the Company of a reorganization, merger or consolidation (a “Business Combination”),
in each case with respect to which all or substantially all of the individuals and entities who are the respective beneficial owners
of the Company Voting Stock immediately prior to such Business Combination will not, following such Business Combination, beneficially
own, directly or indirectly, more than 50% of the then combined voting power of the then outstanding Company Voting Stock entitled
to vote generally in the election of directors of the Company or other entity resulting from the Business Combination in substantially
the same proportion as their ownership immediately prior to such Business Combination; or

(c)               
Approval by the holders of the Company Voting Stock of (i) a complete liquidation or dissolution of the Company, (ii) a
sale or other disposition of all or substantially all of the assets of the Company, (iii) a sale or disposition of Eaton Vance
Management (or any successor thereto) or of all or substantially all of the assets of Eaton Vance Management (or any successor
thereto), or (iv) an assignment by any direct or indirect investment adviser Subsidiary of the Company of investment advisory agreements
pertaining to more than 50% of the aggregate assets under management of all such Subsidiaries of the Company, in the case of (ii),
(iii) or (iv) other than to a corporation or other entity with respect to which, following such sale or disposition or assignment,
more than 50% of the outstanding combined voting power of the then outstanding voting securities entitled to vote generally in
the election of directors of the corporation or other entity is then owned beneficially, directly or indirectly, by all or substantially
all of the individuals and entities who were the beneficial owners of the Company Voting Stock immediately prior to such sale,
disposition or assignment in substantially the same proportion as their ownership of the Company Voting Stock immediately prior
to such sale, disposition or assignment.

    	 

    	 

    

Notwithstanding the foregoing, the following
events shall not cause, or be deemed to cause, and shall not constitute, or be deemed to constitute, a Change of Control:

(1)              
The acquisition, holding or disposition of Company Voting Stock deposited under the Voting Trust Agreement dated as of October
30, 1997, as amended, of the voting trust receipts issued therefore, any change in the persons who are voting trustees thereunder,
or the acquisition, holding or disposition of Company Voting Stock deposited under any subsequent replacement voting trust agreement
or of the voting trust receipts issued therefore, or any change in the persons who are voting trustees under any such subsequent
replacement voting trust agreement; provided, that any such acquisition, disposition or change shall have resulted solely by reason
of the death, incapacity, retirement, resignation, election or replacement of one or more voting trustees.

(2)              
Any termination or expiration of a voting trust agreement under which Company Voting Securities have been deposited or the
withdrawal therefrom of any Company Voting Securities deposited thereunder, if all Company Voting Securities and/or the voting
trust receipts issued therefore continue to be held thereafter by the same persons in the same amounts.

(3)              
The approval by the holders of the Company Voting Stock of a reorganization of the Company into different operating groups,
business entities or other reorganization after which the voting power of the Company is maintained as substantially the same as
before the reorganization by the holders of the Company Voting Stock.

A Change in Control shall not occur for
purposes of the Plan unless it constitutes a “change in control event” as defined under Treasury Regulation Section
1.409A-3(i)(5)(i) if the Award is subject to Section 409A of the Code.

2.6             
“Code” means the Internal Revenue Code of 1986, as amended. Any reference to any section of
the Code shall also be a reference to any successor provision and any Treasury Regulation promulgated thereunder, and, in all instances,
as further defined or described under any formal guidance issued by the Internal Revenue Service or United States Treasury.

2.7             
“Committee” means the Committee the Board may appoint to administer this Plan; provided that,
each of (A) Stock Options that are intended to be exempt from Section 162(m) of the Code and (B) performance based awards of Restricted
Stock may be made only by a committee or subcommittee of the Board which shall consist of two or more Non-Employee Directors, each
of whom shall be, to the extent required by Section 162(m) of the Code, an “outside director” as defined in Section
162(m) of the Code. With respect to the application of this Plan to Non-Employee Directors, the Committee shall be (i) the Board
or (ii) a committee or subcommittee (which may differ from the committee or subcommittee established for the grant of Awards to
employees) comprised of two or more Non-Employee directors each of whom qualify as an “independent director” as defined
under Section 303A.02 of the NYSE Listed Company Manual. Initially, without further action of the Board, the Compensation Committee
of the Board will administer the Plan. To the extent that no Committee exists that has the authority to administer this Plan, the
functions of the Committee shall be exercised by the Board; provided, however, that in all cases the Board may take actions pursuant
to the Plan to the extent

    	 

    	 

    

it deems it advisable and as may be consistent with applicable
law. If for any reason the appointed Committee does not meet the requirements of Rule 16b-3 or Section 162(m) of the Code, such
noncompliance shall not affect the validity of Awards, grants, interpretations or other actions of the Committee.

2.8             
“Company Non-Voting Stock” means the then outstanding shares of Company stock not entitled
to vote in the election of directors.

2.9             
“Company Voting Stock” means the then outstanding shares of the Company stock entitled to
vote generally in the election of directors.

2.10         
“Company” means Eaton Vance Corp., a Maryland corporation, and its successors by operation
of law.

2.11         
“Covered Employee” means an employee subject to the Code Section 162(m) provisions governing
deductibility of certain compensation to such employees.

2.12         
“Detrimental Activity” means: (a) the disclosure to anyone outside the Company or Subsidiaries,
or the use in any manner other than in the furtherance of the Company’s or its Subsidiaries’ business, without written
authorization from the Company, of any confidential information or proprietary information, relating to the business of the Company
or its Subsidiaries that is acquired by a Participant prior to or after the Participant’s Termination; (b) activity while
employed or performing services that results, or if known could result, in the Participant’s Termination that is classified
by the Company as a termination for Cause; or (c) material breach of any agreement between the Participant and the Company or a
Subsidiary (including, without limitation, any employment agreement or non-competition or non-solicitation agreement). For purposes
of subsections (a) and (c) above, the Chief Executive Officer and the Chief Legal Officer of the Company shall each have authority
to provide the Participant with written authorization to engage in the activities contemplated thereby and no other person shall
have authority to provide the Participant with such authorization.

2.13         
“Director Option” means an option granted to a Non-Employee Director in accordance with Section
10.2.

2.14         
“Disability” means with respect to a Participant’s Termination, a permanent and total
disability as defined in Section 22(e)(3) of the Code. A Disability shall only be deemed to occur at the time of the determination
by the Committee of the Disability. Notwithstanding the foregoing, for Awards that are subject to Section 409A of the Code, Disability
shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i) or (ii) of the Code.

2.15         
“Effective Date” means October 23, 2013, the date the Voting Stockholders approved the Plan.
The amended and restated Plan became effective on October 25, 2017, the date this amended and restated Plan was approved by the
Voting Stockholders of the Company.

2.16         
“Eligible Employees” means each employee of the Company or a Subsidiary.

    	 

    	 

    

2.17         
“Exchange Act” means the Securities Exchange Act of 1934, as amended. Any references to any
section of the Exchange Act shall also be a reference to any successor provision.

2.18         
“Fair Market Value” means, unless otherwise required by any applicable provision of the Code
or any regulations issued thereunder, as of any date and except as provided below, the last sales price reported for the shares
of the Company on the applicable date as reported on the principal national securities exchange in the United States on which they
are then traded. For purposes of the grant of any Award, the applicable date shall be the trading day on which the Award is granted.
In the event that an Award is granted on a day on which the applicable market is not open or after close of the applicable market,
Fair Market Value shall be determined using the closing price on the last business day on which the market was open preceding the
day of the grant of the Award. For purposes of the exercise of any Award, the date a notice of exercise is received by the Company
or, if not a day on which the applicable market is open, the closing price on the last business day on which the market was open
preceding the day the notice is received.

2.19         
“Family Member” means “family member” as defined in Section A.1.(5) of the general
instructions of Form S-8, as may be amended from time to time.

2.20         
“Grant Date” means the actual date an Award contemplated hereunder is actually made to a Participant.

2.21         
“Incentive Stock Option” means any Stock Option awarded to an Eligible Employee of the Company
or its Subsidiaries under this Plan intended to be and designated as an “Incentive Stock Option” within the meaning
of Section 422 of the Code.

2.22         
“New Payment Date” means the day that is six months plus one day after the date of a “specified
employee’s” “separation from service”, each within the meaning of Section 409A of the Code.

2.23         
“Non-Employee Director” means a director of the Company who is not an active employee of the
Company or a Subsidiary and includes a non-employee director within the meaning of Rule 16b-3.

2.24         
“Non-Qualified Stock Option” means any Stock Option awarded under this Plan that is not an
Incentive Stock Option.

2.25         
“Other Stock-Based Award” means any other Award of shares of Company Non-Voting Stock, and
any other Award that is valued in whole or in part by reference to, or is otherwise based on, shares of Company Non-Voting Stock
or other property, that is subject to Article VIII, including, but not limited to, an award of deferred stock, unrestricted stock
and restricted stock units.

2.26         
“Participant” means an Eligible Employee or Non-Employee Director to whom an Award has been
granted pursuant to this Plan.

    	 

    	 

    

2.27         
“Performance Period” means the period of performance applicable to a Performance Award of
Restricted Stock granted under Section 7.3.

2.28         
“Performance Award” means an Award made pursuant to Section 7.3 of this Plan of the right
to receive shares of Company Non-Voting Stock at the end of a specified Performance Period, which the Committee shall have designated
at grant as intended to provide “performance-based compensation” within the meaning of Code Section 162(m) or which,
although not so designated, the Committee believes provides “performance-based compensation” as so defined and was
granted to a person who is or the Committee determines is reasonably likely to become a Covered Employee.

2.29         
“Person” means any individual, corporation, partnership, limited liability company, firm,
joint venture, association, joint-stock company, trust, incorporated organization, governmental or regulatory or other entity.

2.30         
“Phantom Stock” means a notional award made to a Non-Employee Director under Section 10.3,
including Initial Phantom Stock Awards and Annual Phantom Stock Awards as described in Section 10.3. Each single unit of Phantom
Stock has a reference value equal to the Fair Market Value of a share of Company Non-Voting Stock.

2.31         
“Plan” means this Eaton Vance Corp. 2013 Omnibus Incentive Plan, as amended and restated from
time to time.

2.32         
“Qualified Member” means a member of the Committee who is a Non- Employee Director and an
“outside director” within the meaning of Treasury Regulation §1.162-27(e)(3) under Code Section 162(m).

2.33         
“Restricted Stock” means an Award of shares of Company Non-Voting Stock under this Plan that
is subject to Article VII.

2.34         
“Restriction Period” means the period of time during which any grant or sale of Restricted
Stock, or portion thereof, remains subject to a Risk of Forfeiture, as described in Article VII and any Restricted Stock Agreement.

2.35         
“Risk of Forfeiture” means a limitation on the right of the Participant to retain an Award
of Restricted Stock, including a right in the Company to retain, repurchase or require the forfeiture of the shares of Company
Non-Voting Stock subject to a Restricted Stock Agreement arising because of the occurrence or non-occurrence of specified events
or conditions.

2.36         
“Rule 16b-3” means Rule 16b-3 under Section 16(b) of the Exchange Act as then in effect or
any successor provision.

2.37         
“Section 409A of the Code” means the nonqualified deferred compensation rules under Section
409A of the Code.

2.38         
“Securities Act” means the Securities Act of 1933, as amended and all rules and regulations
promulgated thereunder. Any reference to any section of the Securities Act shall also be a reference to any successor provision.

    	 

    	 

    

2.39         
“Stock Option” or “Option” means any option to purchase shares of
Company Non-Voting Stock pursuant to Article VI or Article X, as applicable.

2.40         
“Subsidiary” means any subsidiary entity of the Company within the meaning of Section 424(f)
of the Code and any other business venture (including, without limitation, joint venture or limited liability company) in which
the Company has a controlling interest, as determined by the Board.

2.41         
“Termination” means a Termination of Employment or Termination of Directorship, as applicable.

2.42         
“Termination of Directorship” means that the Non-Employee Director has ceased to be a director
of the Company.

2.43         
“Termination of Employment” means: (a) a termination of employment (for reasons other than
a military or personal leave of absence granted by the Company) of a Participant from the Company and its Subsidiaries; or (b)
when an entity which is employing a Participant ceases to be a Subsidiary, unless the Participant otherwise is, or thereupon becomes,
employed by the Company or another Subsidiary at the time the employing entity ceases to be a Subsidiary. In the event that an
Eligible Employee becomes a Non-Employee Director upon the termination of his or her employment, unless otherwise determined by
the Committee in its sole discretion, no Termination of Employment shall be deemed to occur until such time as such Eligible Employee
is no longer an Eligible Employee or a Non-Employee Director. Notwithstanding the foregoing, the Committee may, in its sole discretion,
otherwise define Termination of Employment in the Award Agreement or, if no rights of a Participant are reduced, may otherwise
define Termination of Employment thereafter.

2.44         
“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from
an illness or accident of the Participant, the Participant’s spouse, or a dependent (as defined in Section 152(a) of the
Code) of the participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant and determined to be an “unforeseeable
emergency” for purposes of Section 409A of the Code.

ARTICLE III

ADMINISTRATION

3.1             
The Committee. The Plan shall be administered and interpreted by the Committee. The Committee shall have authority
to grant Awards and to adopt, amend and repeal such administrative rules, guidelines and practices relating to the Plan as it shall
deem advisable. The Committee may construe and interpret the terms of the Plan and any Award agreements entered into under the
Plan. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the
manner and to the extent it shall deem expedient and it shall be the sole and final judge of such expediency.

3.2             
Grants of Awards. The Committee shall have full authority to grant, pursuant to the terms of this Plan, Awards
under this Plan. In particular, the Committee’s authority shall include the authority to:

    	 

    	 

    

(a)               
select the Eligible Employees to whom Awards may from time to time be granted hereunder;

(b)              
determine the number of shares of Company Non-Voting Stock to be covered by each Award granted hereunder;

(c)               
determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award granted hereunder (including,
but not limited to, the exercise or purchase price (if any), any restriction or limitation, any vesting schedule or acceleration
thereof, or any forfeiture restrictions or waiver thereof, regarding any Award and the shares of Company Non-Voting Stock relating
thereto, based on such factors, if any, as the Committee shall determine, in its sole discretion);

(d)              
determine whether, to what extent, and under what circumstances an Award may be settled in cash, Company Non-Voting Stock
or other property;

(e)               
determine whether, to what extent and under what circumstances Company Non-Voting Stock and other amounts payable with respect
to an Award under this Plan shall be deferred either automatically or at the election of the Participant in any case, in a manner
intended to comply with Section 409A of the Code;

(f)               
determine whether a Stock Option is an Incentive Stock Option or Non-Qualified Stock Option;

(g)              
prescribe the form of each Award Agreement;

(h)              
determine whether to require a Participant, as a condition of the granting of any Award, to not sell or otherwise dispose
of shares acquired pursuant to the exercise of an Award for a period of time as determined by the Committee, in its sole discretion,
following the date of the acquisition of Company Non-Voting Stock pursuant to such Award; and

(i)                
make all other decisions regarding grants of Awards hereunder.

Other provisions of the Plan notwithstanding,
the Board may perform any function of the Committee under the Plan, including for the purpose of ensuring that transactions under
the Plan by Participants who are then subject to Section 16 of the Exchange Act in respect of the Company are exempt under Rule
16b-3. In any case in which the Board is performing a function of the Committee under the Plan, each reference to the Committee
herein shall be deemed to refer to the Board, except where the context otherwise requires.

3.3             
Manner of Exercise of Committee Authority. At any time that a member of the Committee is not a Qualified Member,
any action of the Committee relating to an Award to be granted to an employee who is then subject to Section 16 of the Exchange
Act in respect of the Company, or relating to a Restricted Stock Performance Award, may be taken either (i) by a subcommittee composed
solely of two or more Qualified Members, or (ii) by the Committee but with each such member who is not a Qualified Member abstaining
or recusing himself or herself from such action, provided that, upon such abstention or recusal, the Committee remains composed
solely of two or more Qualified Members. Such action, authorized by such a

    	 

    	 

    

subcommittee or by the Committee upon the abstention or recusal
of such non-Qualified Member(s), shall be the action of the Committee for purposes of the Plan. Any action of the Committee with
respect to the Plan shall be final, conclusive, and binding on all persons, including the Company, Subsidiaries, Participants,
any person claiming any rights under the Plan from or through any Participant, and stockholders of the Company. The express grant
of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power
or authority of the Committee. The Committee may delegate to officers or managers of the Company, including the Company’s
management committee, the authority, subject to such terms as the Committee shall determine, to perform administrative functions
and the vesting and timing of the exercise of Awards either at the time of grant or thereafter, and such other functions as the
Committee may determine to the extent permitted under applicable law and, with respect to any Participant who is then subject to
Section 16 of the Exchange Act in respect of the Company, to the extent performance of such function will not result in a subsequent
transaction failing to be exempt under Rule 16b-3(d) or a performance award meeting the exception for performance compensation
under Section 162(m) of the Code; provided that, in no event shall the authority to grant awards be delegated to officers or managers
of the Company.

3.4             
Limitation of Liability. Each member of the Committee shall be entitled in good faith to rely or act upon any
report or other information furnished to him or her by any officer or other employee of the Company or any Subsidiary, the Company’s
independent certified public accountants, or other professional retained by the Company to assist in the administration of the
Plan. No member of the Committee, nor any officer or employee of the Company acting on behalf of the Committee, shall be personally
liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of
the Committee and any officer or employee of the Company acting on their behalf shall, to the extent permitted by law, be fully
indemnified and protected by the Company with respect to any such action, determination, or interpretation.

3.5             
Decisions Final. Any decision, interpretation or other action made or taken in good faith by or at the direction
of the Company, the Board, the Committee (or any of the members thereof) or its delegees arising out of or in connection with this
Plan shall be within the absolute discretion of all and each of them, as the case may be, and shall be final, binding and conclusive
on the Company and all employees and Participants and their respective heirs, executors, administrators, successors and assigns.

3.6             
Designation of Consultants/Liability.

(a)               
The Committee may, in its sole discretion, designate employees of the Company and professional advisors to assist the Committee
in the administration of this Plan.

(b)              
The Committee may, in its sole discretion, employ such legal counsel, consultants and agents as it may deem desirable for
the administration of this Plan and may rely upon any opinion received from any such counsel or consultant and any computation
received from any such consultant or agent. Expenses incurred by the Committee or the Board in the engagement of any such counsel,
consultant or agent shall be paid by the Company. The Committee, its members and any person designated pursuant to subsection (a)
above shall not be

    	 

    	 

    

liable for any action or determination made in good faith
with respect to this Plan. To the maximum extent permitted by applicable law, no officer of the Company or member or former member
of the Committee or of the Board shall be liable for any action or determination made in good faith with respect to this Plan or
any Award granted under it.

3.7             
Indemnification. To the maximum extent permitted by applicable law and the Certificate of Incorporation and By-Laws
of the Company and to the extent not covered by insurance directly insuring such person, each officer or employee of the Company
or any Subsidiary and member or former member of the Committee or the Board shall be indemnified and held harmless by the Company
against any cost or expense (including reasonable fees of counsel reasonably acceptable to the Committee) or liability (including
any sum paid in settlement of a claim with the approval of the Committee), and advanced amounts necessary to pay the foregoing
at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the administration
of this Plan, except to the extent arising out of such officer’s, employee’s, member’s or former member’s
fraud or gross negligence. Such indemnification shall be in addition to any rights of indemnification the officers, employees,
directors or members or former officers, directors or members may have under applicable law or under the Certificate of Incorporation
or By-Laws of the Company or any Subsidiary. Notwithstanding anything else herein, this indemnification will not apply to the actions
or determinations made by an individual with regard to Awards granted to him or her under this Plan.

ARTICLE IV

SHARE LIMITATION

4.1             
Shares. Subject to any increase or decrease pursuant to Section 4.2, the aggregate number of shares of Company
Non-Voting Stock that may be issued or used for reference purposes or with respect to which Awards may be granted under this Plan
shall not exceed 25,500,000[1], any
or all of which Awards may be in the form of Incentive Stock Options. Shares of Company Non-Voting Stock issued under the Plan
may be either authorized and un-issued Company Non-Voting Stock or Company Non-Voting Stock held in or acquired for the treasury
of the Company, or both.

4.2             
Counting Shares; Adjustments.

(a)               
Manner of Counting Shares. If any shares of Company Non-Voting Stock subject to an Award expire, are forfeited,
canceled, exchanged, or surrendered or such Award is settled in cash or otherwise terminates without the issuance of shares of
Company Non-Voting Stock to the Participant or the Participant’s retention of the shares of Company Non-Voting Stock covered
by the Award, such number of shares of Company Non-Voting Stock will again be available for Awards under the Plan; provided, however,
that in the case of Incentive Stock Options, the foregoing shall be subject to any limitations under the Code. Shares of Company
Non-Voting Stock delivered by actual delivery, attestation or net settlement to the Company by a

	[1]The 25,500,000 shares authorized under the Plan reflect the 18,500,000
    shares previously authorized plus an additional 7,000,000 shares authorized pursuant to the amended and restated Plan as approved
    by the Voting Stockholders on October 25, 2017.

    	 

    	 

    

Participant to (i) purchase shares of Company Non-Voting
Stock upon the exercise of an Award or (ii) satisfy tax withholding obligations (including shares retained from the Award creating
the tax obligation) shall not be added back to the number of shares available for the future grant of Awards. The Committee may
make determinations and adopt regulations for the counting of shares of Company Non-Voting Stock relating to any Award to ensure
appropriate counting, avoid double counting, and provide for adjustments in any case in which the number of shares of Company Non-Voting
Stock actually distributed differs from the number of shares of Company Non-Voting Stock previously counted in connection with
such Award.

(b)              
Type of Shares Distributable. Any shares of Company Non-Voting Stock delivered with respect to any Award may consist,
in whole or in part, of authorized and un-issued shares of Company Non-Voting Stock or shares of Company Non-Voting Stock reacquired
by the Company through purchase in the open market or in private transactions.

(c)               
Adjustments. In the event that the Committee shall determine that any dividend or other distribution (whether in
the form of cash, shares of Company Non-Voting Stock, or other property) which is unusual and non-recurring, or any recapitalization,
stock split, reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase or share exchange, or other
similar corporate transaction or event affects the shares, then the Committee shall make such equitable changes or adjustments
as it deems appropriate and, in such manner as it may deem equitable, adjust (i) any or all of the number of shares of Company
Non-Voting Stock which may be thereafter issued in connection with Awards, (ii) the number of shares of Company Non-Voting Stock
issued or issuable in respect of outstanding Options or, if deemed appropriate, make provisions for payment of cash or other property
with respect to any outstanding Option, (iii) the exercise price relating to any Option, and (iv) the number and kind of shares
of Company Non-Voting Stock set forth in Section 4.2(d) as the per-person limitation for any three fiscal years for Awards made
under the Plan; provided, however, in each case that, with respect to Incentive Options, such adjustment shall be made in accordance
with Section 424 of the Code, unless the Committee determines otherwise. In addition, the Committee is authorized to make adjustments
in the terms and conditions of, and any criteria and performance objectives or goals included in, Awards in recognition of unusual
or non-recurring events (including events described in the preceding sentence, as well as acquisitions and dispositions of assets
or all or part of businesses) affecting the Company or any Subsidiary or any business unit, or the financial statements thereof,
or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations, or business conditions
or in view of the Committee’s assessment of the business strategy of the Company, a Subsidiary, or business unit thereof,
performance of comparable organizations, economic and business conditions, personal performance of a Participant, and any other
circumstances deemed relevant; provided that, unless otherwise determined by the Committee, no such adjustment shall be made in
respect of a Restricted Stock Performance Award if and to the extent that such adjustment would cause such Restricted Stock Performance
Award to provide other than “performance-based compensation” within the meaning of Code Section 162(m).

(d)              
Sub-limit. Subject to any increase or decrease pursuant to Section 4.2, the maximum number of shares of Company Non-Voting
Stock with respect to which Awards may be granted to any Participant under the Plan shall be 7,200,000 shares of Company Non-Voting
Stock per three-fiscal-year period. The per-Participant limit described in the preceding sentence

    	 

    	 

    

(i) applies only to calculating the maximum number of shares
of Company Non-Voting Stock available to a Participant during any three-fiscal-year period, and shall not apply to or affect the
manner of counting shares pursuant to Section 4.2 and (ii) shall be construed and applied consistently with Section 162(m) of the
Code or any successor provision thereto, and the regulations thereunder.

ARTICLE V

ELIGIBILITY; GENERAL REQUIREMENTS FOR AWARDS

5.1             
General Eligibility. All Eligible Employees and Non-Employee Directors are eligible to be granted Awards under
the Plan, subject to the terms and conditions of this Plan. Except as expressly provided herein, eligibility for the grant of Awards
and actual participation in this Plan shall be determined by the Committee in its sole discretion.

ARTICLE VI

STOCK OPTIONS

6.1             
Options. Stock Options may be granted alone or in addition to other Awards granted under this Plan. Each Stock
Option granted under this Plan shall be of one of two types: (a) an Incentive Stock Option or (b) a Non-Qualified Stock Option.

6.2             
Grants. The Committee shall, in its sole discretion, have the authority to grant to any Eligible Employee Incentive
Stock Options or Non-Qualified Stock Options. To the extent that any Stock Option does not qualify as an Incentive Stock Option
(whether because of its provisions or the time or manner of its exercise or otherwise), such Stock Option or the portion thereof
which does not qualify shall constitute a separate Non-Qualified Stock Option. The Committee shall have no liability to any Participant,
or any other party, if an Option (or any part thereof) that is intended to be an Incentive Stock Option is not an Incentive Stock
Option or if the Committee converts an Incentive Stock Option into a Non-Qualified Stock Option.

6.3             
Terms of Options. Except as expressly provided in this Section, Options granted under this Plan shall be subject
to the following terms and conditions and shall be in such form and contain such additional terms and conditions, not inconsistent
with the terms of this Plan, as the Committee, in its sole discretion, shall deem desirable:

(a)               
Exercise Price. The exercise price per share of Company Non-Voting Stock subject to a Stock Option shall be determined
by the Committee at the time of grant, provided that the per share exercise price of a Stock Option shall not be less than 100%
(or, in the case of an Incentive Stock Option granted to a “Ten Percent Stockholder” (determined in accordance with
Code Section 422(b)(6)), 110%) of the Fair Market Value (determined in accordance with the terms of this Plan) of the Company Non-Voting
Stock at the date of grant; and provided further that if the Committee approves the grant of a Stock Option with an exercise price
to be determined on a future date, the exercise price shall be not less than 100% (or 110%, as applicable) of the Fair Market Value
on such future date.

(b)              
Stock Option Term. The term of each Stock Option shall be fixed by the Committee, provided that no Stock Option shall
be exercisable more than ten (10) years after the

    	 

    	 

    

date the Option is granted; and provided further that the
term of an Incentive Stock Option granted to a Ten Percent Stockholder shall not exceed five (5) years.

(c)               
Exercisability. Stock Options shall be exercisable at such time or times and subject to such terms and conditions
as shall be determined by the Committee. If the Committee provides, in its discretion, that any Stock Option is exercisable subject
to certain limitations (including, without limitation, that such Stock Option is exercisable only in installments or within certain
time periods), the Committee may waive such limitations on the exercisability at any time at, or after, grant, in whole or in part
(including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such Stock Option
may be exercised), based on such factors, if any, as the Committee shall determine, in its sole discretion.

(d)              
Notice of Exercise and Payment. An Option shall be exercisable only by delivery of a written, electronic or other
method of notice approved by the Company to the Company’s Treasurer or any other officer or agent of the Company designated
by the Committee to accept such notices on its behalf, specifying the number of shares of Company Non-Voting Stock for which it
is exercised. If the shares are not at that time effectively registered under the Securities Act, the Participant shall include
with such notice a letter, in form and substance satisfactory to the Company, confirming that the shares are being purchased for
the Participant’s own account for investment and not with a view to distribution. Payment shall be made in full at the time
the Option is exercised. Payment shall be made by (i) cash or check, (ii) delivery and assignment (either by actual delivery or
attestation) to the Company or its agent of shares of Company Non-Voting Stock having been owned by the Participant for such period
as the Committee may determine and having a Fair Market Value as of the date of exercise equal to the exercise price, provided
that such shares are not subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements, (iii) if approved
by the Committee, delivery of the Participant’s promissory note for the exercise price (but not if the Participant is a director
or executive officer of the Company), or (iv) solely to the extent permitted by applicable law, if the Company Non-Voting Stock
is traded on a national securities exchange or quoted on a national quotation system sponsored by the Financial Industry Regulatory
Authority, and the Committee authorizes, through a procedure whereby the Participant delivers irrevocable instructions to a broker
reasonably acceptable to the Committee to deliver promptly to the Company an amount equal to the purchase price, and (v) any combination
of (i) – (iv) above or any other means the Committee deems acceptable and that are permitted by applicable law.

(e)               
Non-Transferability of Options. Except as expressly provided in an Option Agreement, no Stock Option shall be transferable
by the Participant otherwise than by will, the laws of descent and distribution or by operation of the last validly filed beneficiary
designation, filed on a form acceptable to the Company, and all Stock Options shall be exercisable, during the Participant’s
lifetime, only by the Participant. Notwithstanding the foregoing, the Committee may determine, in its sole discretion, at the time
of grant or thereafter that a Non-Qualified Stock Option that is otherwise not transferable pursuant to this Section is transferable
to a Family Member in whole or in part and in such circumstances, and under such conditions, as determined by the Committee, in
its sole discretion. A Non-Qualified Stock Option that is transferred to a Family Member of the optionee pursuant to the preceding
sentence (i) may not be subsequently transferred otherwise than by will or by the laws of descent and

    	 

    	 

    

distribution and (ii) remains subject to the terms of this
Plan and the applicable Award Agreement. Any shares of Company Non-Voting Stock acquired upon the exercise of a Non-Qualified Stock
Option by a permissible transferee of a Non-Qualified Stock Option or held by a permissible transferee pursuant to a transfer after
the exercise of the Non-Qualified Stock Option shall be subject to the terms of this Plan and the applicable Award Agreement.

(f)               
No Rights to Options; No Stockholder Rights. No employee shall have any claim to be granted an Option under the Plan,
and there is no obligation for uniformity of treatment of employees. No Option shall confer upon a Participant any rights as a
stockholder or any claim to dividends paid with respect to any shares of Company Non-Voting Stock to which the Option relates unless
and until such shares of Company Non-Voting Stock are duly issued to him or her in accordance with the terms of the Option Agreement.

(g)              
Cancellation and Rescission of Options. Unless otherwise determined by the Committee at grant, each Option Agreement
shall provide that a Participant who engages or has engaged in Detrimental Activity after the Grant Date of any Option, all vested
and unvested Options held by the Participant shall thereupon terminate and expire and the Participant shall have no further rights
with respect thereto.

(h)              
Options to Participants Outside the United States. The Committee may modify the terms of any Option under the Plan
granted to a Participant who is, at the time of grant or during the term of the Option, resident or primarily employed outside
of the United States in any manner deemed by the Committee to be necessary or appropriate in order that such Option shall conform
to laws, regulations, and customs of the country in which the Participant is then resident or primarily employed, or so that the
value and other benefits of the Option to the Participant, as affected by foreign tax laws and other restrictions applicable as
a result of the Participant’s residence or employment abroad, shall be comparable to the value of such an Option to a Participant
who is resident or primarily employed in the United States. An Option may be modified under this subsection in a manner that is
inconsistent with the express terms of the Plan, so long as such modifications will not contravene any applicable law or regulation.

(i)                
Termination of Options. Each Option shall terminate and may no longer be exercised in accordance with the following
provisions:

(i)                
if the Participant’s employment shall have been terminated by his or her resignation or by the Company or Subsidiary
for Cause, all of the Participant’s right to exercise the Options (to the extent that the Options were exercisable (vested)
on the date of termination of employment) shall terminate and may no longer be exercised on the first to occur of (A) the date
that is forty-five (45) days from the termination date or (B) the expiration date of the Option; provided that, with respect to
a termination for Cause, a duly authorized officer or officers of the Company may determine, solely in his or their discretion
to limit the exercise of Options to a time period shorter than that described in (A); if the Participant’s employment shall
have been terminated by the Company or Subsidiary without Cause (before his or her Disability or death), then the Participant may
at any time within a period of fifteen (15) months after such date of Termination (or, if sooner, the Option’s expiration
date as set forth on the Award Agreement) exercise his or her Options to the extent that the Options were exercisable (vested)
on the date of termination of employment;

    	 

    	 

    

(ii)              
if the Participant’s employment shall have been terminated because of his or her Disability, then all of his or her
Options shall become exercisable (vested) immediately on the date of Termination and the Participant may at any time within a period
of fifteen (15) months after the Participant’s Termination because of Disability (or, if sooner, the Option’s expiration
date as set forth on the Award Agreement) exercise any or all of such Options; and

(iii)            
if the Participant dies, then all of his or her Options shall become exercisable (vested) immediately on the date of death
and his or her estate, personal representative or beneficiary to whom it has been transferred (in accordance with the terms of
this Plan) may at any time within a period of fifteen (15) months after the Participant’s death (or, if sooner, the Option’s
expiration date as set forth on the Award Agreement) exercise any or all of such Options; provided, however, that the Committee
may, at its sole discretion, provide specifically in an Award Agreement for such other period of time (shorter or longer than as
set forth above) during which a Participant may exercise an Option after Termination as the Committee may approve, subject to the
overriding limitation that no Option may be exercised to any extent by anyone after the date of expiration of the Option.

(j)                
Unvested Stock Options. Unless otherwise determined by the Committee, or as otherwise set forth herein, including,
without limitation, at Section 6.3(i)(i), (ii) or (iii), Stock Options that are not vested (either by operation of this Plan or
under an agreement or otherwise) as of the date of a Participant’s Termination for any reason shall terminate and expire
as of the date of such Termination.

(k)              
Incentive Stock Option Limitations. To the extent that the aggregate Fair Market Value (determined as of the time
of grant) of the Company Non-Voting Stock with respect to which Incentive Stock Options are exercisable for the first time by an
Eligible Employee during any calendar year under this Plan and/or any other stock option plan of the Company or any Subsidiary
exceeds $100,000, such Options shall be treated as Non-Qualified Stock Options. Incentive Stock Options shall be granted to Employees
only. Should any provision of this Plan not be necessary in order for the Stock Options to qualify as Incentive Stock Options,
or should any additional provisions be required, the Committee may, in its sole discretion, amend this Plan accordingly, without
the necessity of obtaining the approval of the Voting Stockholders of the Company (unless such approval is required in order to
allow for the continued granting of Incentive Stock Options).

(l)                
Form, Modification, Extension and Renewal of Stock Options. Subject to the terms and conditions and within the limitations
of this Plan, Stock Options shall be evidenced by such form of agreement or grant as is approved by the Committee, and the Committee
may, in its sole discretion, modify, extend or renew outstanding Stock Options granted under this Plan (provided that the rights
of a Participant are not reduced without his or her consent and provided further that such action does not subject the Stock Option
to Section 409A of the Code). Notwithstanding the foregoing, an outstanding Option may not be modified to reduce the exercise price
thereof nor may a new Option at a lower price be substituted for a surrendered Option (other than adjustments or substitutions
in accordance with Section 4.2), unless such action is approved by the Voting Stockholders of the Company.

    	 

    	 

    

(m)            
Other Terms and Conditions. Stock Options may contain such other provisions, which shall not be inconsistent with
any of the terms of this Plan, as the Committee shall, in its sole discretion, deem appropriate.

ARTICLE VII

RESTRICTED STOCK

7.1             
Awards of Restricted Stock. Shares of Restricted Stock may be issued either alone or in addition to other Awards
granted under the Plan. The Committee shall, in its sole discretion, determine the Eligible Employees to whom, the time or times
at which, and the performance conditions (if any) applicable to, grants of Restricted Stock and shall also determine the number
of shares of Company Non-Voting Stock to be awarded, the price (if any) to be paid by the Participant, the time or times within
which such Awards may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and
conditions of the Awards. As it deems necessary or appropriate, including to comply with Code Section 162(m), the Committee may
condition receipt of the grant of Restricted Stock upon the attainment of annual performance goals, as described in Section 7.3.
In addition, the Committee may condition the vesting of Restricted Stock upon the attainment of specified performance targets or
such other factors as the Committee may determine, in its sole discretion, including compliance with the requirements of Section
162(m) of the Code. Unless otherwise determined by the Committee at grant, each Award of Restricted Stock shall provide that in
the event the Participant engages in Detrimental Activity after the grant of Restricted Stock, all unvested Restricted Stock shall
be immediately forfeited to the Company.

7.2             
Awards and Certificates. Participants selected to receive Restricted Stock Awards shall comply with the applicable
terms and conditions of the Restricted Stock Award. Further, all Restricted Stock Awards shall be subject to the following:

(a)               
Purchase Price. The purchase price, if any, of Restricted Stock shall be fixed by the Committee. The purchase price
for shares of Restricted Stock may, to the extent permitted by applicable law, be more or less than par value and may be zero.

(b)              
Non-Issuance of Certificates. Participants receiving an Award of Restricted Stock shall be issued neither shares
of Company Non-Voting Stock nor a certificate in respect of such Award. Rather, each such Award shall be recorded as a book entry
in such manner as is administratively expedient and permitted by law. Notwithstanding the foregoing, if the Committee, in its sole
discretion, determines to issue a Participant receiving an Award of Restricted Stock a stock certificate in respect of such shares
of Restricted Stock, such certificate shall be registered in the name of such Participant, and, if applicable, shall bear an appropriate
legend referring to the terms, conditions, and restrictions applicable to such Award substantially in the following form:

“The transferability of this certificate and the
shares represented by this certificate are subject to the terms and conditions (including, without limitation, the right of Eaton
Vance Corp. to repurchase the shares) of the Eaton Vance Corp. 2013 Omnibus Incentive Plan and an Award Agreement entered into
by the registered owner

    	 

    	 

    

and Eaton Vance Corp. Copies of such Plan and Award Agreement
are on file in the offices of Eaton Vance Corp.”

In such case, the Committee may require
that the stock certificates evidencing shares of Restricted Stock be held in custody by a designated escrow agent (which may, but
need not be, the Company) until the restrictions thereon shall have lapsed, and include any restrictions or limitations that the
Committee may otherwise deem necessary or appropriate.

(c)               
Restrictions and Restriction Period. During the period or periods established by the Committee and set forth in the
Restricted Stock Agreement (i.e., the Restriction Period), each Award of Restricted Stock shall be subject to limitations
on transferability and a Risk of Forfeiture (which may take the form of a right of the Company to repurchase the Restricted Stock
for such consideration, if any, as the Committee shall have determined at grant) arising on the basis of such conditions related
to the continuation of employment or the attainment of performance goals or otherwise as the Committee may determine. Any such
Risk of Forfeiture may be waived, or the Restriction Period shortened, at any time by the Committee on such basis as it deems appropriate.

(d)              
Rights Pending Lapse of Risk of Forfeiture. Except as otherwise provided in the Plan or in an Award Agreement, at
all times prior to lapse of the Risk of Forfeiture applicable to, or forfeiture or repurchase of, an Award of Restricted Stock,
the Participant shall have all of the rights of, and be subject to the limitations of, a non-Voting Stockholder of the Company
as to such shares of Company Non-Voting Stock; provided, however, that any dividends (whether paid in cash, stock or property)
declared and paid by the Company with respect to shares of Restricted Stock shall not be paid to the Participant until such time
all Risks of Forfeiture (including any performance objectives) with respect to such Award have been satisfied or attained. The
Committee, as determined at the time of an Award, may permit or require the payment of cash dividends to be deferred and, if the
Committee so determines, reinvested in additional Restricted Stock to the extent shares of Company Non-Voting Stock are available
under Article IV.

(e)               
Effect of Termination. Unless otherwise determined by the Committee at or after grant and subject to the applicable
provisions of the Restricted Stock Agreement, upon Termination with the Company and its Subsidiaries for any reason during the
Restriction Period, all shares of Restricted Stock still subject to Risk of Forfeiture shall be forfeited (or subject to repurchase,
if applicable); provided, however, that military or sick leave shall not be deemed a termination of employment or
other association, if it does not exceed the longer of ninety (90) days or the period during which the absent Participant’s
reemployment rights, if any, are guaranteed by statute or by contract.

(f)               
Lapse of Restrictions. Subject to Section 13.4 below (relating to satisfaction of withholding obligations), if and
when the Risk of Forfeiture expires without a prior forfeiture of the Restricted Stock, the bookkeeping entry reflecting the Award
of Restricted Stock shall be updated to reflect that the Award is no longer subject to a Risk of Forfeiture; provided that, if
the Committee so determines, the Committee may authorize certificates with respect to such shares of Company Non-Voting Stock and
instruct that they be delivered to the Participant, subject to all requirements set forth herein.

    	 

    	 

    

(g)              
Non-Transferability. No Award shall be transferable by the Participant otherwise than by will, the laws of descent
and distribution or by operation of the last validly filed beneficiary designation, filed on a form acceptable to the Company.
Any Award that is transferred to a Family Member or beneficiary pursuant to the preceding sentence (i) may not be subsequently
transferred otherwise than by will or by the laws of descent and distribution and (ii) remains subject to the terms of this Plan
and the applicable Award Agreement. Any shares of Company Non-Voting Stock held by a permissible transferee shall be subject to
the terms of this Plan and the applicable Award Agreement.

(h)              
Buyouts. The Company may at any time offer to buy out any outstanding Award of Restricted Stock for a payment in
cash, shares of Company Non-Voting Stock or other property based on such terms and conditions as the Committee shall determine.

(i)                
Awards to Participants Outside the United States. The Committee may modify the terms of any Award under the Plan
granted to a Participant who is, at the time of grant or during the term of the Award, resident or primarily employed outside of
the United States in any manner deemed by the Committee to be necessary or appropriate in order that such Award shall conform to
laws, regulations, and customs of the country in which the Participant is then resident or primarily employed, or so that the value
and other benefits of the Award to the Participant, as affected by foreign tax laws and other restrictions applicable as a result
of the Participant’s residence or employment abroad, shall be comparable to the value of such an Award to a Participant who
is resident or primarily employed in the United States. An Award may be modified under this subsection in a manner that is inconsistent
with the express terms of the Plan, so long as such modifications will not contravene any applicable law or regulation.

7.3             
Additional Requirements for Performance Awards. Restricted Stock may be granted to Covered Employees or others
(as the Committee may determine) subject to the attainment of pre-established performance goals, as described below. Restricted
Stock (including Restricted Stock granted contingent upon the attainment of pre-established performance goals) may also be granted
subject to a Risk of Forfeiture based on the provisions of Section 7.2(d) above, and may include that the Risk of Forfeiture may
lapse upon the achievement of additional pre-established performance goal or goals and other terms as set forth in this Section
7.3.

(a)               
Performance Goals Generally. The performance goals for such Performance Awards shall include one or more business
criteria and may (but need not) include a targeted level or levels of performance with respect to each such criterion, as specified
by the Committee consistent with this Section 7.3. Performance goals shall be objective, shall be for a specified period and shall
otherwise meet the requirements for performance-based compensation under Code Section 162(m), including the requirement that the
outcome of performance goals be “substantially uncertain” at the time established. The Committee may determine that
such Award shall be granted upon achievement of any one or more performance goal or that two or more of the performance goals must
be attained as a condition to vesting or delivery of shares of Company Non-Voting Stock or retention or non-forfeiture of such
Award. Performance goals may differ for separate Awards granted to any one Participant or to different Participants, and may be
different for Performance Periods.

    	 

    	 

    

(b)              
Business Criteria. One or more of the following business criteria for the Company, on a consolidated basis, and/or
for specified Subsidiaries, business units, funds or ventures of the Company (except with respect to the total stockholder return
and earnings per share criteria), shall be used by the Committee in establishing performance goals for such Award: (1) earnings
per share; (2) revenues; (3) cash flow; (4) cash flow return on investment; (5) return on assets, return on investment, return
on capital, or return on equity; (6) identification and/or consummation of investment opportunities or completion of specified
projects in accordance with corporate business plans; (7) operating margin; (8) net income, net operating income, pretax earnings,
pretax earnings before interest and depreciation and amortization, pretax operating earnings after interest expense and before
incentives and service fees and extraordinary or special items, operating earnings or adjusted operating earnings; (9) total stockholder
return; (10) commissions paid or payable to certain marketing personnel which are subjected to the Participant’s customary
override commissions; (11) any of the above goals as compared to the performance of a published or special index deemed applicable
by the Committee including, but not limited to, the Standard & Poor’s 500 Stock Index or other indexes or groups of comparable
companies referenced in the Company’s annual report on Form 10-K in respect to Item 401(l) of Regulation S-K; (12) new exchange
fund assets acquired during a performance period; (13) the value of all financial assets resulting from an extraordinary acquisition
of assets; (14) the performance of one or more of the Eaton Vance funds as compared to a peer group or index or other benchmark
deemed applicable by the Committee; (15) the volume of sales of Eaton Vance funds; and (16) Operating Income. The Committee may
specify that such performance criteria shall be adjusted to include or exclude, as appropriate, any one or more of the following:
(a) the results of consolidated funds, (b) stock based compensation expense, (c) write offs of intangible assets or goodwill associated
with acquisitions or similar transactions, (d) extraordinary and non-recurring items, (e) the cumulative effects of changes in
accounting principles, (f) gains or losses on dispositions of discontinued operations, (g) the write down of any asset, (h) charges
for restructuring or rationalization programs, (i) amortization of intangibles associated with acquisitions, (j) other acquisition
related charges or expenses, (k) impairment charges, (l) gain or loss on minority equity investments, (m) non-cash income tax expenses,
(n) expenses associated with incentive compensation, (o) net income attributable to non-controlling and other beneficial interests,
(p) equity in net income of affiliates, (q) non-recurring expenses related to closed-end fund offerings, and (r) the effects of
foreign currency exchange rate fluctuations. Such performance criteria and adjustments thereto may be determined on a GAAP or non-GAAP
basis, as determined by the Committee at the time the performance goal is established. The specific performance goal or goals established
by the Committee with respect to such Award or the terms of the Award Agreement shall be subject to adjustment by the Committee
for any change in law, regulations and interpretations occurring after the Grant Date of the Award so as to enable all compensation
to a Covered Employee attributable to the Award to constitute “performance-based compensation” within the meaning of
Code Section 162(m).

(c)               
Timing For Establishing Performance Goals. Performance goals applicable to both (i) Awards of Restricted Stock granted
upon the condition that a specified goal or goals be achieved during a Performance Period, or (ii) Awards of Restricted Stock granted
subject to a Risk of Forfeiture that lapses upon the achievement of pre-established performance goals shall be measured over the
applicable Performance Period. The Performance Period will be specified in the Restricted Stock Agreement. Performance goals shall
be established not later

    	 

    	 

    

than 90 days after the beginning of any Performance Period
applicable to such Award, or at such other date as may be required or permitted for “performance-based compensation”
under Code Section 162(m).

(d)              
Special Definitions. For purposes of this Section: ”performance period” means the period over which an
applicable performance goal or goals must be met; “extraordinary acquisition of assets” means an unusual or nonrecurring
event affecting the Company or any Subsidiary, or any business division or unit or the financial statements of the Company or any
Subsidiary, involving the acquisition of new financial assets to be managed or administered for advisory or other fees by any Subsidiary
or any business division or unit, such as the acquisition of investment companies or partnerships (or their assets) previously
managed by other persons, the acquisition of other investment advisory or management firms (or their assets) or the formation of
joint ventures, partnerships or similar entities with other firms, provided that such fees shall be based upon such assets and
payable to the Subsidiary or business division or unit upon consummation of the transaction (but the formation of new investment
companies or partnerships by the Company or any Subsidiary or the acquisition of new private accounts to be managed by the Company
or any Subsidiary in the ordinary course of its business shall not constitute an extraordinary acquisition of assets); and “new
exchange fund assets” means all financial assets acquired during a performance period resulting from the private offering
of shares or units of one or more exchange funds offered and managed by any Subsidiary or Subsidiaries of the Company, including
all qualifying assets acquired by an exchange fund during a performance period to ensure the nontaxability of the exchange of contributed
securities for shares or units of the fund (with all financial assets acquired by an exchange fund during a performance period
valued as at the close of business on the exchange date, using the valuation of such assets employed by the fund at such date).

ARTICLE VIII 

OTHER STOCK-BASED
AWARDS

8.1             
General. Other Stock-Based Awards may be issued either alone or in addition to (a) other Awards granted under
the Plan or (b) awards granted under any other plan sponsored by the Company or any Subsidiary, including, but not limited to,
the 2016 Parametric Phantom Incentive Plan and 2017 Atlanta Capital Phantom Incentive Plan. Such Other Stock-Based Awards shall
also be available as a form of payment in the settlement of other Awards granted under the Plan or as payment in lieu of compensation
to which a Participant is otherwise entitled. Other Stock-Based Awards may be paid in shares of Company Non-Voting Stock, as the
Committee shall determine.

8.2             
Terms and Conditions. Subject to the provisions of the Plan, the Committee shall determine the terms and conditions
of each Other Stock-Based Award, including any purchase price applicable thereto. Participants selected to receive Other Stock-Based
Awards shall comply with all the applicable terms and conditions of the Other Stock-Based Award.

ARTICLE IX

    	 

    	 

    

CHANGE IN CONTROL PROVISIONS

9.1             
Benefits. In the event of a Change in Control of the Company and except as otherwise provided by the Committee
in any Award Agreement, a Participant’s unvested Award shall not automatically vest and a Participant’s Award shall
be treated in accordance with one of the following methods determined by the Committee, in its sole discretion:

(a)               
Awards, whether or not then vested, shall be continued, assumed, have new rights substituted therefore, as determined by
the Committee in its sole discretion, and restrictions applicable to any Award granted prior to the Change in Control shall not
lapse upon a Change in Control; provided that, for purposes of Incentive Stock Options, any assumed or substituted Stock Option
shall comply with the requirements of Treasury Regulation Section 1.424-1 (and any amendments thereto).

(b)              
The Committee, in its sole discretion, may provide for the purchase of any Awards by the Company or a Subsidiary or any
acquiring or successor person or entity for an amount of cash equal to the excess of the Change in Control Price (as defined below)
of the shares of Company Non-Voting Stock covered by such Awards, over the aggregate exercise price of such Awards, if any, and
any applicable tax withholding. For purposes of this Section 9.1, “Change in Control Price” shall mean the highest
price per share of Company Non-Voting Stock paid in any transaction related to a Change in Control of the Company.

(c)               
The Committee may, in its sole discretion, provide for the cancellation of any Awards without payment, if (i) in the case
of Stock Options, the Change in Control Price is less than the exercise price of such Option and (ii) in the case of any Award,
such Award is unvested (i.e., remains subject to a Risk of Forfeiture) upon the closing date of the Change in Control.

(d)              
The Committee may, upon written notice to Participants, provide that all of the Participant’s unexercised Awards will
terminate immediately prior to the consummation of the Change in Control unless exercised by the Participant (to the extent then
exercisable) within a specified period of time following the date of such notice.

(e)               
Notwithstanding anything else herein, the Committee may, in its sole discretion, provide for accelerated vesting or lapse
of restrictions, of an Award at the time of grant or at any time thereafter.

In taking any of the actions permitted
under this Section 9.1, the Committee shall not be obligated by the Plan to treat all Awards, or all Awards held by a Participant,
or all Awards of the same type, identically.

ARTICLE X

FORMULA PLAN FOR NON-EMPLOYEE DIRECTORS

10.1         
Formula Plan, In General. Non-Employee Directors of the Company shall be granted Director Options as described
in Section 10.2 and Phantom Stock Awards as described in Section 10.3. Unless otherwise specifically provided in this Article X,
all Options granted

    	 

    	 

    

under Section 10.2 shall be subject to the general rules
set forth for Option Awards under this Plan, including as set forth in Article VI. Notwithstanding anything herein to the contrary,
the Committee may, in its sole discretion, grant Awards to Non-Employee Directors that are different from, and/ or in addition
to the Awards set forth below.

10.2         
Director Option. At the first Board meeting following the first election to the Board of a person who was not,
within twelve months preceding election, either an officer or employee of the Company or any Subsidiary, a Non-Employee Director
shall be granted an Option to purchase such number of shares of Company Non-Voting Stock that, on the Grant Date, has a value under
the Black-Scholes method of $70,000 (using the methodology used by the Company in determining the value of Options granted to Eligible
Employees). On the first business day in November in each year, each Non-Employee Director shall receive a Director Option to purchase
such number of shares of Company Non-Voting Stock that, on the Grant Date, has a value under the Black-Scholes method of $70,000
(using the methodology used by the Company in determining the value of Options granted to Eligible Employees). In the event that
on any Grant Date there is not a sufficient number of shares of Company Non-Voting Stock available to implement fully the preceding
sentences, then each such director shall receive a pro rata portion of the Director Option contemplated by the preceding sentences.
The Option Price for each Director Option shall be the Fair Market Value (as defined herein) for the Grant Date. Each Director
Option shall become exercisable immediately on the date of grant. No Director Option shall be exercisable later than ten years
after the date of grant. It is intended that each Director Option automatically granted pursuant to this Section 10.2 shall be
made pursuant to a formula plan as defined in Release No. 34-37260 of the Securities and Exchange Commission (adopting restated
Rule 16b-3).

10.3         
Phantom Stock. At the first Board meeting following the first election to the Board of a person who was not,
within twelve months preceding election, either an officer or employee of the Company or any Subsidiary, a Non-Employee Director
shall be granted a Phantom Stock Award equivalent to $70,000, with the number of units of Phantom Stock actually awarded equal
to $70,000 divided by the Fair Market Value of a share of Company Non-Voting Stock on the Grant Date (each, an “Initial Phantom
Stock Award”). On the first business day in November in each year, each Non-Employee Director shall be granted a Phantom
Stock Award equivalent to $70,000, with the number of units of Phantom Stock actually awarded equal to $70,000 divided by the Fair
Market Value of a share of Company Non-Voting Stock on the Grant Date (each, an “Annual Phantom Stock Award”).

(a)               
Settlement. Phantom Stock Awards shall be settled in a lump sum cash payment equivalent to the number of units of
Phantom Stock held (after adjustment under Sections 10.3(e) and (f)) on the settlement date multiplied by the Fair Market Value
of a share of Company Non-Voting Stock on such date.

(1)              
Each Initial Phantom Stock Award granted on or before July 11, 2017 and each Annual Phantom Stock Award granted on or before
October 31, 2017 will vest and be settled on the first to occur of the second anniversary of the Grant Date or the date of the
Non-Employee Director’s Termination (other than for Cause), or because of death, Disability or Unforeseeable Emergency, or
upon a Change in Control.

    	 

    	 

    

(2)              
Each Annual Phantom Stock Award granted in November 2017 will vest and be settled on the first to occur of the date of the
Non-Employee Director’s Termination (other than for Cause), or because of death, Disability or Unforeseeable Emergency or
upon a Change in Control.

(3)              
Each Annual Phantom Stock Award granted in 2018 and thereafter shall vest and settle, at the election of the Non-Employee
Director (which election shall occur on or before December 31 of the calendar year prior to the year of grant of such award) on
either (X) the first to occur of the date of the Non-Employee Director’s Termination (other than for Cause), or because of
death or Disability or Unforeseeable Emergency or upon a Change in Control or (Y) the first to occur of the second anniversary
of the Grant Date, the date of the Non-Employee Director’s Termination (other than for Cause), or because of death or Disability
or Unforeseeable Emergency or upon a Change in Control; provided that such election shall be made in accordance with the
procedures established by the Corporation to comply with Section 409A of the Code.

(4)Each Initial Phantom Stock Award
granted on or after July 12, 2017 shall vest and settle, at the election of the Non-Employee Director (which election must be made
on or before the date of his or her election to the Board) on either (X) the first to occur of the date of the Non-Employee Director’s
Termination (other than for Cause), or because of death or Disability or Unforeseeable Emergency or upon a Change in Control or
(Y) the first to occur of the second anniversary of the Grant Date, the date of the Non-Employee Director’s Termination (other
than for Cause), or because of death or Disability or Unforeseeable Emergency or upon a Change in Control; provided that
such election shall be made in accordance with the procedures established by the Corporation to comply with Section 409A of the
Code.

(b)              
Non-Transferability of Phantom Stock Award. Except as specifically authorized by the Committee, Phantom Stock Awards,
or the rights represented thereby, shall not be transferable by the Participant otherwise than by will, the laws of descent and
distribution or by operation of the last validly filed beneficiary designation, filed on a form acceptable to the Company. Any
Award that is transferred to a Family Member or beneficiary pursuant to the preceding sentence (i) may not be subsequently transferred
otherwise than by will or by the laws of descent and distribution and (ii) remains subject to the terms of this Plan and the applicable
Award Agreement. Any shares of Company Non-Voting Stock held by a permissible transferee shall be subject to the terms of this
Plan and the applicable Award Agreement.

(c)               
Purported Transfers. Except as specifically authorized by the Committee, no purported assignment or transfer of a
Phantom Stock Award, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise (except
by will, the laws of descent and distribution, or by operation of the last validly filed beneficiary designation), shall vest in
the assignee or transferee any interest or right herein whatsoever.

(d)              
Unfunded Promise; No Stockholder Rights. The grant of a Phantom Stock Award (as adjusted herein) shall constitute
an unfunded promise by the Company to pay a cash amount, in accordance with the requirements of this Section 10.3. Such cash amount
is to be paid exclusively from the general assets of the Company, and the Non-Employee Director

    	 

    	 

    

receiving such Award shall be an unsecured creditor of the
Company with respect to all Phantom Stock Awards. Except as specifically provided herein, no Phantom Stock Award shall confer upon
a Non-Employee Director any rights as a Voting Stockholder or non-Voting Stockholder with respect to the Award contemplated herein.

(e)               
Dividends. As dividends are paid with respect to Company Non-Voting Stock, a number of units of Phantom Stock with
a current value equal to the amount of the dividend will be allocated to the account of each Non-Employee Director with respect
to each unit of Phantom Stock Awarded hereunder at the time such dividends are paid to the stockholders of the Company. The number
of units of Phantom Stock allocable will be determined by first determining the value of the total dividend that would have been
paid to a Non-Employee Director if each unit of Phantom Stock held by him or her at such time was an actual share of Company Non-Voting
Stock, and dividing the aggregate value of the hypothetical dividend by the Fair Market Value of a share of Company Non-Voting
Stock, as of the date the dividend is declared (rounded up to one additional unit, as necessary).

(f)               
Adjustments. Adjustments shall be made to the number of units of Phantom Stock held by a Non-Employee Director, as
necessary, in accordance with Section 4.2.

(g)              
Taxes. Amounts received with respect to a Phantom Stock Award are taxable as regular income upon settlement. Non-Employee
Directors receiving such Awards are solely responsible for payment of all state, federal and local taxes applicable thereto.

ARTICLE XI

TERMINATION OR AMENDMENT OF PLAN

11.1         
Termination or Amendment. Notwithstanding any other provision of this Plan, the Board or the Committee may at
any time, and from time to time, amend, in whole or in part, any or all of the provisions of this Plan (including any amendment
deemed necessary to ensure that the Company may comply with any regulatory requirements), or suspend or terminate it entirely,
retroactively or otherwise; provided, however, that, unless otherwise required by law or specifically provided herein, the rights
of a Participant with respect to Awards granted prior to such amendment, suspension or termination, may not be materially impaired
without the consent of such Participant and, provided further, without the approval of the Voting Stockholders of the Company in
accordance with the laws of the State of Maryland, to the extent required by the applicable provisions of Rule 16b-3, or Section
162(m) of the Code, pursuant to the requirements of the exchange on which Company shares are traded, or, to the extent applicable
to Incentive Stock Options, Section 422 of the Code, no amendment may be made which would:

(a)               
increase the aggregate number of shares of Company Non-Voting Stock that may be issued under this Plan pursuant to Section
4.1 (except by operation of Section 4.2);

(b)              
increase the maximum individual Participant limitations as set forth in Section 4.2(d) (except by operation of Section 4.2);

(c)               
change the classification of Eligible Employees eligible to receive Awards under this Plan;

    	 

    	 

    

(d)              
decrease the minimum option price of any Stock Option (except by operation of Section 4.2);

(e)               
extend the maximum option period beyond ten years;

(f)               
alter the Performance Goals for the Award of Restricted Stock or the vesting of Restricted Stock;

(g)              
award any Stock Option in replacement of a canceled Stock Option; or

(h)              
require stockholder approval in order for this Plan to continue to comply with the applicable provisions of Section 162(m)
of the Code or, to the extent applicable to Incentive Stock Options, Section 422 of the Code.

In no event may this Plan be amended
without the approval of the Voting Stockholders of the Company in accordance with the applicable laws of the State of Maryland
to increase the aggregate number of shares of Company Non-Voting Stock that may be issued under this Plan, decrease the minimum
exercise price of any Stock Option, or to make any other amendment that would require Voting Stockholder approval under the rules
of the exchange on which the Company Non-Voting Stock of the Company are traded, or the rules of any other exchange or system on
which the Company’s securities are listed or traded at the request of the Company.

ARTICLE XII

UNFUNDED PLAN

12.1         
Unfunded Status of Plan. This Plan is an “unfunded” plan for incentive and deferred compensation.
With respect to any payments as to which a Participant has a fixed and vested interest but that are not yet made to a Participant
by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general unsecured
creditor of the Company.

ARTICLE XIII

GENERAL PROVISIONS

13.1         
Legend. The Committee may require each person receiving shares of Company Non-Voting Stock pursuant to a Stock
Option or other Award under the Plan to represent to and agree with the Company in writing that the Participant is acquiring the
shares without a view to distribution thereof. In addition to any legend required by this Plan, the certificates for such shares
may include any legend that the Committee, in its sole discretion, deems appropriate to reflect any restrictions on transfer.

All certificates for shares of Company
Non-Voting Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Committee
may, in its sole discretion, deem advisable under the rules, regulations and other requirements of the Securities and Exchange
Commission, any stock exchange upon which the Company Non-Voting Stock is then listed or any national securities exchange system
upon whose system the Company Non-Voting Stock is then quoted, any applicable Federal or state securities law, and any applicable

    	 

    	 

    

corporate law, and the Committee may cause a legend or legends
to be put on any such certificates to make appropriate reference to such restrictions.

13.2         
Other Plans. Nothing contained in this Plan shall prevent the Board from adopting other or additional compensation
arrangements, subject to Voting Stockholder approval if such approval is required; and such arrangements may be either generally
applicable or applicable only in specific cases.

13.3         
No Right to Employment or Directorship. Neither this Plan nor the grant of any Option or other Award hereunder
shall give any individual any right with respect to continuance of employment, consultancy or directorship by the Company or any
Subsidiary, nor shall they be a limitation in any way on the right of the Company or any Subsidiary by which an employee is employed
or a consultant or Non-Employee Director is retained to Terminate his or her employment, consultancy or directorship at any time.

13.4         
Withholding of Taxes. The Company shall have the right to deduct from any payment to be made pursuant to this
Plan, or to otherwise require, prior to the issuance or delivery of any shares of Company Non-Voting Stock or the payment of any
cash hereunder, payment by the Participant of, any Federal, state or local taxes required by law to be withheld, including without
limitation, upon the vesting of Restricted Stock (or other Award that is taxable upon vesting). Upon an election by a Participant
under Section 83(b) of the Code, he or she shall pay all required withholding to the Company. Any statutorily required withholding
obligation with regard to any Participant may be satisfied, subject to the prior consent of the Committee, by reducing the number
of shares of Company Non-Voting Stock otherwise deliverable or by delivering shares of Company Non-Voting Stock already owned;
provided, however, that except as otherwise required by the Committee, the total tax withholding where shares of Company Non-Voting
Stock are being used to satisfy tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based
on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such
supplemental taxable income), except that, to the extent the Company is able to retain shares of Company Non-Voting Stock having
a fair market value (determined by (or in a manner approved by) the Company) that exceeds the statutory minimum applicable withholding
tax without financial accounting implications or the Company is withholding in a jurisdiction that does not have a statutory minimum
withholding tax, the Company may retain such number of shares of Company Non-Voting Stock (up to the number of shares having a
fair market value equal to the maximum statutory rate of tax (determined by (or in a manner approved by) the Company) as the Company
shall determine in its sole discretion to satisfy the tax liability associated with any Award.

13.5         
No Assignment of Benefits. No Award or other benefit payable under this Plan shall, except as otherwise specifically
provided under this Plan, by law or permitted by the Committee, be transferable in any manner, and any attempt to transfer any
such benefit shall be void, and any such benefit shall not be liable in any manner for or subject to the debts, contracts, liabilities,
engagements or torts of any person who shall be entitled to such benefit, nor shall it be subject to attachment or legal process
for or against such person.

    	 

    	 

    

13.6         
Listing and Other Conditions.

(a)               
Unless otherwise determined by the Committee, as long as the Company Non-Voting Stock is listed on a national securities
exchange or system sponsored by a national securities association, the issue of any shares of Company Non-Voting Stock pursuant
to an Award shall be conditioned upon such shares being listed on such exchange or system. The Company shall have no obligation
to issue such shares unless and until such shares are so listed, and the right to exercise any Option or other Award with respect
to such shares shall be suspended until such listing has been effected.

(b)              
If at any time counsel to the Company shall be of the opinion that any sale or delivery of shares of Company Non-Voting
Stock pursuant to an Option or other Award is or may in the circumstances be unlawful or result in the imposition of excise taxes
on the Company under the statutes, rules or regulations of any applicable jurisdiction, the Company shall have no obligation to
make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration under the
Securities Act or otherwise, with respect to shares of Company Non-Voting Stock or Awards, and the right to exercise any Option
or other Award shall be suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result
in the imposition of excise taxes on the Company.

(c)               
Upon termination of any period of suspension under this Section 13.6, any Award affected by such suspension which shall
not then have expired or terminated shall be reinstated as to all shares available before such suspension and as to shares which
would otherwise have become available during the period of such suspension, but no such suspension shall extend the term of any
Award.

(d)              
A Participant shall be required to supply the Company with any certificates, representations and information that the Company
requests and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent or
approval the Company deems necessary or appropriate.

13.7         
Governing Law. This Plan and actions taken in connection herewith shall be governed and construed in accordance
with the laws of the State of Maryland (regardless of the law that might otherwise govern under applicable Maryland principles
of conflict of laws).

13.8         
Construction. Wherever any words are used in this Plan in the masculine gender they shall be construed as though
they were also used in the feminine gender in all cases where they would so apply, and wherever any words are used herein in the
singular form they shall be construed as though they were also used in the plural form in all cases where they would so apply.

13.9         
Other Benefits. No Award granted or paid out under this Plan shall be deemed compensation for purposes of computing
benefits under any retirement plan of the Company or its Subsidiaries nor affect any benefits under any other benefit plan now
or subsequently in effect under which the availability or amount of benefits is related to the level of compensation.

    	 

    	 

    

13.10     
Costs. The Company shall bear all expenses associated with administering this Plan, including expenses of issuing
Company Non-Voting Stock pursuant to any Awards hereunder.

13.11     
No Right to Same Benefits. The provisions of Awards need not be the same with respect to each Participant, and
such Awards to individual Participants need not be the same in subsequent years.

13.12     
Death/Disability. The Committee may in its sole discretion require the transferee of a Participant to supply
it with written notice of the Participant’s death or Disability and to supply it with a copy of the will (in the case of
the Participant’s death) or such other evidence as the Committee deems necessary to establish the validity of the transfer
of an Award. The Committee may, in its discretion, also require that the agreement of the transferee to be bound by all of the
terms and conditions of the Plan.

13.13     
Section 16(b) of the Exchange Act. All elections and transactions under this Plan by persons
subject to Section 16 of the Exchange Act involving shares of Company Non-Voting Stock are intended to comply with any applicable
exemptive condition under Rule 16b-3. The Committee may, in its sole discretion, establish and adopt written administrative guidelines,
designed to facilitate compliance with Section 16(b) of the Exchange Act, as it may deem necessary or proper for the administration
and operation of this Plan and the transaction of business thereunder.

13.14     
Section 409A of the Code. Awards under the Plan are intended to comply with, or be exempt from, the applicable
requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent. Although
the Company does not guarantee any particular tax treatment, to the extent that any Award is subject to Section 409A of the Code,
it shall be paid in a manner that is intended to comply with Section 409A of the Code, including regulations and any other guidance
issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto. Except as provided in individual
Award agreements initially or by amendment, if and to the extent (i) any portion of any payment, compensation or other benefit
provided to a Participant pursuant to the Plan in connection with a Termination constitutes “nonqualified deferred compensation”
within the meaning of Section 409A of the Code and (ii) the Participant is a specified employee as defined in Section 409A(a)(2)(B)(i)
of the Code, in each case as determined by the Company in accordance with its procedures, by which determinations the Participant
(through accepting the Award) agrees that he or she is bound, such portion of the payment, compensation or other benefit shall
not be paid before the New Payment Date, except as Section 409A of the Code may then permit. The aggregate of any payments that
otherwise would have been paid to the Participant during the period between the date of separation from service and the New Payment
Date shall be paid to the Participant in a lump sum on such New Payment Date, and any remaining payments will be paid on their
original schedule.

The Company makes no representations
or warranty and shall have no liability to the Participant or any other person if any provisions of or payments, compensation or
other benefits under the Plan are determined to constitute nonqualified deferred compensation subject to Section 409A of the Code
but do not to satisfy the conditions of that section.

    	 

    	 

    

13.15     
Successor and Assigns. The Plan shall be binding on all successors and permitted assigns of a Participant, including,
without limitation, the estate of such Participant and the executor, administrator or trustee of such estate.

13.16     
Severability of Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity
or unenforceability shall not affect any other provisions hereof, and the Plan shall be construed and enforced as if such provisions
had not been included.

13.17     
Payments to Minors, Etc. Any benefit payable to or for the benefit of a minor, an incompetent person or other
person incapable of receipt thereof shall be deemed paid when paid to such person’s guardian or to the party providing or
reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Committee, the Board, the
Company, its Subsidiaries and their employees, agents and representatives with respect thereto.

13.18     
Headings and Captions. The headings and captions herein are provided for reference and convenience only, shall
not be considered part of the Plan, and shall not be employed in the construction of the Plan.

ARTICLE XIV

EFFECTIVE DATE OF PLAN

The Plan became effective on October
23, 2013, the date it was approved by the Voting Stockholders of the Company. The amended and restated Plan became effective on
October 25, 2017 the date this amended and restated Plan was approved by the Voting Stockholders of the Company.

ARTICLE XV

TERM OF PLAN

No Award shall be granted pursuant to
the Plan on or after October 22, 2023, but awards granted prior to such date may extend beyond that date. Notwithstanding the foregoing
provisions, no Award (other than a Stock Option) that is intended to be “performance-based” under Section 162(m) of
the Code shall be granted on or after the fifth anniversary of the date of stockholder approval of the Plan, unless the Performance
Goals set forth herein are re-approved (or other designated performance goals are approved) by the stockholders no later than the
first stockholder meeting that occurs in the fifth year following the year in which stockholders approve the Performance Goals
set forth herein.

Eaton Vance Corp.

/s/ Thomas E. Faust Jr.

By: Thomas E. Faust Jr.

Title: Chief Executive OfficerExhibit 10.2

Eaton Vance Corp.

2013 EMPLOYEE STOCK PURCHASE PLAN

October 4, 2013

as Amended and Restated on October 25,
2017

The purpose of this
2013 Employee Stock Purchase Plan (the “Qualified ESPP”), as amended and restated is to provide eligible employees
of Eaton Vance Corp. (the “Company”) and certain of its subsidiaries with opportunities to purchase shares of the Company’s
non-voting common stock (the “Non-Voting Common Stock”), commencing on November 1, 2013. Five hundred thousand (500,000)
shares of Non-Voting Common Stock in the aggregate have been approved for this purpose, subject to any adjustment pursuant to Section
15 hereof. Either authorized and unissued shares of Non-Voting Common Stock or issued shares of Non-Voting Common Stock heretofore
or hereafter reacquired by the Company may be issued under the Qualified ESPP. This Qualified ESPP is intended to qualify as an
“employee stock purchase plan” as defined in Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”),
and the regulations issued thereunder, and shall be interpreted consistent therewith.

1.                 
Administration. The Qualified ESPP will be administered by the Company’s Board of Directors (the “Board”)
or by a Committee appointed by the Board (the “Committee”) (See Exhibit A). The Board or the Committee has authority
to make rules and regulations for the administration of the Qualified ESPP and its interpretation and decisions with regard thereto
shall be final and conclusive.

2.                 
Eligibility. All employees of the Company and all employees of any subsidiary of the Company (as defined in Section 424(f)
of the Code) or any other entity the employees of which are eligible to participate in an employee stock purchase plan pursuant
to Section 423 of the Code, in each case designated by the Board or the Committee from time to time (a “Designated Subsidiary”),
are eligible to participate in any one or more of the offerings of Options (as defined in Section 9) to purchase Non-Voting
Common Stock under the Qualified ESPP provided that they are customarily employed by the Company or a Designated Subsidiary for
more than 20 hours a week and for more than five months in a calendar year. See Exhibit A for a list of Designated Subsidiaries.

No employee may be granted an Option
hereunder if such employee, immediately after the Option is granted, owns 5% or more of the total combined voting power or
value of the stock of the Company or any subsidiary. For purposes of the preceding sentence, the attribution rules of Section 424(d)
of the Code shall apply in determining the stock ownership of an employee, and all stock that the employee has a contractual right
to purchase shall be treated as stock owned by the employee.

The Company retains the discretion to
determine which eligible employees may participate in an offering pursuant to and consistent with Treasury Regulation Sections
1.423-2(e) and (f).

    	 

    	 

    

3.                 
Offerings. The Company will make one or more offerings (“Offerings”) to employees to purchase stock under
this Qualified ESPP. Offerings will begin on or around each November 1 and May 1, or the first business day thereafter (the “Offering
Commencement Dates”). Each Offering Commencement Date will begin a period (a “Plan Period”) that ends on the
business day closest to the 6 month anniversary of such Offering Commencement Date during which payroll deductions will be made
and held for the purchase of Non-Voting Common Stock at the end of the Plan Period. The Board or the Committee may, at its discretion,
choose a different Plan Period of twelve (12) months or less for subsequent Offerings and/or choose a different commencement
date for Offerings under the Qualified ESPP.

4.                 
Participation. An eligible employee may participate in any Offering by completing and submitting an online election
form with the Company’s authorized agent or otherwise completing and forwarding such other written or electronic payroll
deduction authorization form approved by the Company to the employee’s appropriate payroll office, in either case, at least
10 days prior to the applicable Offering Commencement Date. The form will authorize a regular payroll deduction from
the Compensation received by the employee during the Plan Period. Unless an employee withdraws from the Qualified ESPP, the employee’s
deductions and purchases will continue at the same rate for future Offerings under the Qualified ESPP as long as the Qualified
ESPP remains in effect. The term “Compensation” means: base compensation, overtime (including shift differentials),
retroactive base compensation and vacation payouts and will exclude all other earnings, including, but not limited to, incentive
or bonus awards, allowances and reimbursements for expenses such as relocation allowances for travel expenses, income or gains
associated with the grant or vesting of restricted stock, dividends on unvested restricted stock, income or gains on the exercise
of Company stock options or stock appreciation rights, and similar items.

5.                 
Deductions. The Company will maintain payroll deduction accounts for all participating employees. All deductions
shall be taken out of regular payroll payments and no participant shall be eligible to make any lump sum contributions to the Plan.
With respect to any Offering made under this Qualified ESPP, an employee may authorize a payroll deduction in any dollar amount
up to a maximum of $961.00 per two-week period during any Plan Period or such shorter period during which deductions from payroll
are made. The Board or the Committee may, at its discretion, designate a higher or lower maximum contribution rate.

6.                 
Deduction Changes. Other than to withdraw from participation in an Offering in accordance with Section 8 hereof,
an employee may not change his payroll deduction election during any Plan Period.

7.                 
Interest. Interest will not be paid on any employee accounts, except to the extent that the Board or the Committee,
in its sole discretion, elects to credit employee accounts with interest at such rate as it may from time to time determine.

8.                 
Withdrawal of Funds. An employee may at any time prior to the close of business on the 10th day prior to the applicable
Exercise Date (as defined below) and for any reason permanently draw out the balance accumulated in the employee’s account
and thereby withdraw from participation in an Offering. Partial withdrawals are not permitted. The employee may not begin participation
again during the remainder of the Plan Period during which the employee

    	 

    	 

    

withdrew his or her balance. The employee may participate
in any subsequent Offering in accordance with terms and conditions established by the Board or the Committee.

9.       Purchase
of Shares.

(a)Number of Shares.On the Offering Commencement
Date of each Plan Period, the Company will grant to each eligible employee who is then a participant in the Qualified ESPP an option
(an “Option”) to purchase on the last business day of such Plan Period (the “Exercise Date”) at the applicable
purchase price (the “Option Price”) up to a whole number of shares of Non-Voting Common Stock determined by multiplying
$2,083 by the number of full months in the Plan Period (for the avoidance of doubt, such product not to exceed $12,500 per Plan
Period if the period is six months in duration) and dividing the result by the closing price (as determined below) on the Offering
Commencement Date; provided, however, that no employee may be granted an Option which permits his rights to purchase Non-Voting
Common Stock under this Qualified ESPP and any other employee stock purchase plan (as defined in Section 423(b) of the Code) of
the Company and its subsidiaries, to accrue at a rate which exceeds $25,000 of the fair market value of such Non-Voting Common
Stock (determined at the date such Option is granted) for each calendar year in which the Option is outstanding at any time.

(b)Option Price.The Board or the Committee shall
determine the Option Price for each Plan Period, including whether such Option Price shall be determined based on the lesser of
the closing price of the Non-Voting Common Stock on (i) the Offering Commencement Date or (ii) the Exercise Date, or shall be based
solely on the closing price of the Non-Voting Common Stock on the Exercise Date; provided, however, that such Option Price shall
be at least 85% of the applicable closing price. In the absence of a determination by the Board or the Committee, the Option Price
will be 90% of the lesser of the closing price of the Non-Voting Common Stock on (i) the Offering Commencement Date or (ii) the
Exercise Date. The closing price shall be the closing price (for the primary trading session) on any national securities exchange
on which the Non-Voting Common Stock is listed. If no sales of Non-Voting Common Stock were made on such a day, the price of the
Non-Voting Common Stock shall be the reported price for the most recent previous day on which sales were made.

 

(c)Exercise of Option.Each
employee who continues to be a participant in the Qualified ESPP on the Exercise Date shall be deemed to have exercised his Option
at the Option Price on such date and shall be deemed to have purchased from the Company the number of whole shares of Non-Voting
Common Stock reserved for the purpose of the Qualified ESPP that his accumulated payroll deductions on such date will pay for,
but not in excess of the maximum numbers determined in the manner set forth above.

(d)Return of Unused Payroll
Deductions. Any balance remaining in an employee’s payroll deduction account at the end of a Plan Period will be automatically
refunded to the employee, except that any balance that is less than the purchase price of one share of Non-Voting Common Stock
will be carried forward into the employee’s payroll deduction account for the following Offering, unless the employee elects
not to participate in the following Offering under the Qualified ESPP, in which case the balance in the employee’s account
shall be refunded.

    	 

    	 

    

10.       Issuance
of Shares. Shares of Non-Voting Common Stock purchased under the Qualified ESPP will held in book entry in an account at the
brokerage firm designated by the Company, which account may be in the name of the employee or in the name of the employee and another
person of legal age as joint tenants with rights of survivorship.

11.       Rights
on Termination of Employment. If a participating employee's employment ends before the last business day of a Plan Period,
no payroll deduction shall be taken from any pay then due and owing to the employee and the balance in the employee’s account
shall be paid to the employee. In the event of the employee’s death before the last business day of a Plan Period, the Company
shall, upon notification of such death, pay the balance of the employee’s account (a) to such beneficiary or beneficiaries
as the employee has designated in writing during his or her lifetime to the Company (each a “Designated Beneficiary”);
(b) if there is no such Designated Beneficiary, to his or her surviving spouse; (c) if none, to the executor or administrator of
the employee’s estate; or (d) if no such executor or administrator has been appointed to the knowledge of the Company, to
such other person(s) as the Company may, in its discretion, designate. If, before the last business day of the Plan Period, the
Designated Subsidiary by which an employee is employed ceases to be a subsidiary of the Company, or if the employee is transferred
to a subsidiary of the Company that is not a Designated Subsidiary, the employee shall be deemed to have terminated employment
for the purposes of this Qualified ESPP.

12.       Optionees
Not Stockholders. Neither the granting of an Option to an employee nor the deductions from his or her pay shall make such
employee a stockholder of the shares of Non-Voting Common Stock covered by an Option under this Qualified ESPP until he or she
has purchased and received such shares.

13.       Options
Not Transferable. Options under this Qualified ESPP are not transferable by a participating employee other than by will or
the laws of descent and distribution, and are exercisable during the employee’s lifetime only by the employee.

14.       Application
of Funds. All funds received or held by the Company under this Qualified ESPP may be combined with other corporate funds and
may be used for any corporate purpose.

15.       Adjustment
for Changes in Non-Voting Common Stock and Certain Other Events.

(a)Changes in Capitalization.
In the event of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, reclassification
of shares, spin-off or other similar change in capitalization or event, or any dividend or distribution to holders of Non-Voting
Common Stock other than an ordinary cash dividend, (i) the number and class of securities available under this Qualified ESPP,
(ii) the share limitations set forth in Section 9, and (iii) the Option Price shall be equitably adjusted to the extent determined
by the Board or the Committee.

(b)       Reorganization
Events.

    	 

    	 

    

(1)       Definition.
A “Reorganization Event” shall mean: (a) any merger or consolidation of the Company with or into another entity as
a result of which all of the Non-Voting Common Stock of the Company is converted into or exchanged for the right to receive cash,
securities or other property or is cancelled, (b) any transfer or disposition of all of the Non-Voting Common Stock of the Company
for cash, securities or other property pursuant to a share exchange or other transaction or (c) any liquidation or dissolution
of the Company.

 

(2)       Consequences
of a Reorganization Event on Options. In connection with a Reorganization Event, the Board or the Committee may take any one
or more of the following actions as to outstanding Options on such terms as the Board or the Committee determines: (i) provide
that Options shall be assumed, or substantially equivalent Options shall be substituted, by the acquiring or succeeding corporation
(or an affiliate thereof), (ii) upon written notice to employees, provide that all outstanding Options will be terminated
immediately prior to the consummation of such Reorganization Event and that all such outstanding Options will become exercisable
to the extent of accumulated payroll deductions as of a date specified by the Board or the Committee in such notice, which date
shall not be less than ten (10) days preceding the effective date of the Reorganization Event, (iii) upon written notice to employees,
provide that all outstanding Options will be cancelled as of a date prior to the effective date of the Reorganization Event and
that all accumulated payroll deductions will be returned to participating employees on such date, (iv) in the event of a Reorganization
Event under the terms of which holders of Non-Voting Common Stock will receive upon consummation thereof a cash payment for each
share surrendered in the Reorganization Event (the “Acquisition Price”), change the last day of the Plan Period to
be the date of the consummation of the Reorganization Event and make or provide for a cash payment to each employee equal to (A) (i)
the Acquisition Price times (ii) the number of shares of Non-Voting Common Stock that the employee’s accumulated payroll
deductions as of immediately prior to the Reorganization Event could purchase at the Option Price, where the Acquisition Price
is treated as the fair market value of the Non-Voting Common Stock on the last day of the applicable Plan Period for purposes of
determining the Option Price under Section 9(b) hereof, and where the number of shares that could be purchased is subject to the
limitations set forth in Section 9(a), minus (B) the result of multiplying such number of shares by such Option Price, (v) provide
that, in connection with a liquidation or dissolution of the Company, Options shall convert into the right to receive liquidation
proceeds (net of the Option Price thereof) and (vi) any combination of the foregoing.

 

For purposes of clause (i) above,
an Option shall be considered assumed if, following consummation of the Reorganization Event, the Option confers the right to purchase,
for each share of Non-Voting Common Stock subject to the Option immediately prior to the consummation of the Reorganization Event,
the consideration (whether cash, securities or other property) received as a result of the Reorganization Event by holders of Non-Voting
Common Stock for each share of Non-Voting Common Stock held immediately prior to the consummation of the Reorganization Event (and
if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
shares of Non-Voting Common Stock); provided, however, that if the consideration received as a result of the Reorganization Event
is not solely common stock of the acquiring or succeeding corporation (or an affiliate thereof), the Company may, with the consent
of the acquiring or succeeding corporation, provide for the consideration to be received upon the exercise of Options to consist

    	 

    	 

    

solely of such number of shares of common stock of the acquiring
or succeeding corporation (or an affiliate thereof) that the Board determines to be equivalent in value (as of the date of such
determination or another date specified by the Board) to the per share consideration received by holders of outstanding shares
of Non-Voting Common Stock as a result of the Reorganization Event.

16.       Amendment
of the Qualified ESPP. The Board may at any time, and from time to time, amend or suspend this Qualified ESPP or any portion
thereof, except that (a) if the approval of any such amendment by the shareholders of the Company is required by Section 423
of the Code, such amendment shall not be effected without such approval, and (b) in no event may any amendment be made that
would cause the Qualified ESPP to fail to comply with Section 423 of the Code.

17.       Insufficient
Shares. If the total number of shares of Non-Voting Common Stock specified in elections to be purchased under any Offering
plus the number of shares purchased under previous Offerings under this Qualified ESPP exceeds the maximum number of shares issuable
under this Qualified ESPP, the Board or the Committee will allot the shares then available on a pro-rata basis.

18.       Termination
of the Qualified ESPP. This Qualified ESPP may be terminated at any time by the Board. Upon termination of this Qualified ESPP
all amounts in the accounts of participating employees shall be promptly refunded.

19.       Governmental
Regulations. The Company’s obligation to sell and deliver Non-Voting Common Stock under this Qualified ESPP is subject
to listing on a national stock exchange (to the extent the Non-Voting Common Stock is then so listed or quoted) and the approval
of all governmental authorities required in connection with the authorization, issuance or sale of such stock.

20.       Governing
Law. The Qualified ESPP shall be governed by Maryland law except to the extent that such law is preempted by federal law.

21.       Issuance
of Shares. Shares may be issued upon exercise of an Option from authorized but unissued Non-Voting Common Stock, from shares
held in the treasury of the Company, or from any other proper source.

22.       Restriction
on Sale of Shares / Notification upon Sale of Shares.

(a)                       
No participating employee shall be permitted to sell any shares of Non-Voting Common Stock purchased under the Qualified
ESPP until the earliest of (i) the first anniversary of the Exercise Date on which the shares were purchased; (ii) the participating
employee’s death; and (iii) the date on which the participating employee presents proof satisfactory to the Company that
he or she has either become disabled within the meaning of Section 22(e)(3) of the Code or needs such shares on account of Hardship.
For purposes of the Qualified ESPP, “Hardship” shall mean the occurrence of one or more of the following events (a)
a death within the participating employee’s immediately family; (b) extraordinary medical expenses for one or more members
of the participating employee’s immediately family which are not covered by insurance programs sponsored by the Company;
(c) the education costs of one

    	 

    	 

    

or more of the participating employee’s family; (d)
the purchase or renovation of a principal place of residence of the participating employee; or (e) such other financing emergency
needs as may be approved by the Company on a uniform and nondiscriminatory basis. The Company, in its discretion, shall either
issue (either in certificated form or in book entry) shares of Non-Voting Common Stock purchased under the Qualified ESPP with
a legend indicating that they are non-transferable except as indicated in this Section 22(a) (and then shall reissue such shares
without the restrictive legend once any of the events listed at (i), (ii) or (iii) has occurred) or hold such shares in escrow
pending their release to the participating employee (or, if the participating employee has died, (a) to his or her Designated Beneficiary,
(b) if there is no such Designated Beneficiary, to his or her surviving spouse; (c) if none, to the executor or administrator of
the employee’s estate; or (d) if no such executor or administrator has been appointed to the knowledge of the Company, to
such other person(s) as the Company may, in its discretion, designate).

(b)                       
Each employee agrees, by entering the Qualified ESPP, to promptly give the Company notice of any disposition of shares purchased
under the Qualified ESPP where such disposition occurs within two years after the date of grant of the Option pursuant to which
such shares were purchased.

23.       Grants
to Employees in Foreign Jurisdictions. The Company may, to comply with the laws of a foreign jurisdiction, grant Options to
employees of the Company or a Designated Subsidiary who are citizens or residents of such foreign jurisdiction (without regard
to whether they are also citizens of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code))
with terms that are less favorable (but not more favorable) than the terms of Options granted under the Qualified ESPP to employees
of the Company or a Designated Subsidiary who are resident in the United States. Notwithstanding the preceding provisions of this
Qualified ESPP, employees of the Company or a Designated Subsidiary who are citizens or residents of a foreign jurisdiction (without
regard to whether they are also citizens of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of
the Code)) may be excluded from eligibility under the Qualified ESPP if (a) the grant of an Option under the Qualified ESPP to
a citizen or resident of the foreign jurisdiction is prohibited under the laws of such jurisdiction or (b) compliance with the
laws of the foreign jurisdiction would cause the Qualified ESPP to violate the requirements of Section 423 of the Code. The Company
may add one or more appendices to this Qualified ESPP describing the operation of the Qualified ESPP in those foreign jurisdictions
in which employees are excluded from participation or granted less favorable Options.

24.       Authorization
of Sub-Plans. The Board may from time to time establish one or more sub-plans under the Qualified ESPP with respect to one
or more Designated Subsidiaries, provided that such sub-plan complies with Section 423 of the Code.

25.       Withholding.
If applicable tax laws impose a tax withholding obligation, each affected employee shall, no later than the date of the event creating
the tax liability, make provision satisfactory to the Board for payment of any taxes required by law to be withheld in connection
with any transaction related to Options granted to or shares acquired by such employee pursuant to the Qualified ESPP. The Company
may, to the extent permitted by law, deduct any such taxes from any payment of any kind otherwise due to an employee.

    	 

    	 

    

27.       Effective
Date and Approval of Shareholders. The Qualified ESPP took effect on October 4, 2013. The Qualified ESPP was initially adopted
by the Board of Directors on October 3, 2013 and approved by the stockholders of the Company on October 4, 2013. The Qualified
ESPP has been amended and restated as of October 25, 2017, the date it was adopted by the Board of Directors and approved by the
stockholders of the Company.

 

 

 

 

    	 

    	 

    

EXHIBIT A

 

Initial actions taken by the Board and approved by the Voting Stockholders
on October 4, 2013.

 

Pursuant to Section 1 of the Qualified ESPP, the Board appoints
the Management Committee to administer the Qualified ESPP.

 

Designated Subsidiaries are as follows:

 

Calvert Research & Management

Eaton Vance Management

Eaton Vance Distributors, Inc.

Eaton Vance Investment Counsel

NextShares Solutions LLC

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