Document:

Severance and Retention Bonus Agreement between Salary.com, Inc. and Yong Zhang

 Exhibit 10.1 

Severance and Retention Bonus Agreement 

This Severance and Retention Bonus Agreement (“Agreement”) is made the
7th day of July, 2010, between Salary.com, Inc. (the
“Company”) and Yong Zhang (“Executive”). 
 WHEREAS, the parties previously entered into an offer letter
agreement dated March 15, 2000 (“Offer Letter”) and Change in Control Agreement dated June 25, 2010 (“CIC Agreement”); and 

WHEREAS the parties wish to enter into this Agreement which will be supplemental to, but in no way duplicative of, the Offer Letter and
the CIC Agreement; 
 NOW, THEREFORE, intended to be legally bound hereby, the parties agree as follows: 

1. Restrictive Covenants. The Executive acknowledges and agrees that he entered into an Employee Noncompetition, Nondisclosure and
Developments Agreement dated June 7, 2000 (the “Noncompete”), the terms of which remain in full force and effect and are hereby incorporated by reference into this Agreement. Executive hereby confirms and agrees that (i) he has
assigned and will assign all Developments described in Section 7(a) of the Noncompete and any related intellectual property rights to the Company, and (ii) for the purposes of the Noncompete and the Offer Letter “Company” means
Salary.com, Inc. and all of its subsidiaries and affiliates. In addition, Executive agrees that, during his employment, he shall devote his full working time and efforts to the business and affairs of the Company and that he shall not provide
services or engage in any other any other work-related activities on behalf of any person or organization other than the Company whether as an employee, independent contractor or otherwise without prior written approval. Notwithstanding the
foregoing, and provided none of Executive’s outside activities interfere with the Executive’s performance of the Executive’s duties and obligations to the Company, (i) the Executive shall not be precluded from participating in
passive investments, including as a limited partner, or from serving on other boards of directors and advisors, provided such services and activities are disclosed to the Company’s Board of Directors and, with respect to any public company
board service, approved in writing in advance, (ii) the Company acknowledges that it is aware that Executive is a member and officer of Global Emerging, LLC (a/k/a Massachusetts Technology Center, LLC) and that the Board does not object to
Executive’s limited business activities related to such entity, and (iii) Executive shall not be precluded from engaging in religious, charitable or other community activities. The obligations arising from the Noncompete and this
Section 1 shall be collectively referred to as the “Restrictive Covenants”. 
 2. Severance. If the
Executive’s employment is terminated by the Company without “Cause” (as defined below) or by the Executive for “Good Reason” as herein defined, subject to the Executive entering to a general release of claims agreement in a
form acceptable to the Company and complying with the Restrictive Covenants, the Company shall pay Executive severance in the form of cash equal to (a) one year of Executive’s then current base salary plus (b) one year of
Executive’s target bonus (the “Severance Amount”). The Severance Amount 

 
shall be paid out in substantially equal installments in accordance with the Company’s payroll practice over 12 months, beginning on the first payroll date that occurs 30 days
after the employee’s date of termination. Solely for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), each installment payment is considered a separate payment. 

For purposes of this Agreement, “Cause” shall mean: (A) conduct by the Executive constituting gross negligence or willful
misconduct in connection with the performance of his duties, including, without limitation, misappropriation of funds or property of the Company; (B) Executive’s commission of any felony or a misdemeanor involving deceit, dishonesty or
fraud, or any conduct by him that would reasonably be expected to result in material injury to the Company; (C) non-performance by the Executive of his duties hereunder (other than by reason of his physical or mental illness, incapacity or
disability) which has continued for more than thirty (30) days following written notice of such non-performance from the Chief Executive Officer or the Interim Chief Executive Officer (in either case the “CEO”); (D) the
Executive’s violation of the Company’s policies and procedures which has continued following written notice of such non-performance from the CEO; (E) a violation by Executive of any Restrictive Covenant, or (F) Executive’s
failure to cooperate in any reasonable respect with an internal investigation or an investigation by regulatory or law enforcement authorities. Any termination by the Company of the Executive’s employment under this Agreement which does not
constitute a termination for Cause or result from his death or disability shall be deemed a termination without Cause. For purposes of this Agreement, the term “Company” shall include all of the Company’s subsidiaries and affiliates
and any successor to the Company’s business. 
 At any time henceforth during the period of the Executive’s employment
with the Company, he may terminate his employment for Good Reason. For purposes of this letter, “Good Reason” shall mean that the Executive has complied with the “Good Reason Process” (hereinafter defined) following the
occurrence of any of the following events: (i) any removal from his title of Chief Operating Officer, Executive Vice President and Chief Technology Officer or his present working title of Chief Operating Officer and President of Global Operations
except that a change to Executive’s title after a Change in Control (as defined in the CIC Agreement, hereafter a “CIC”) shall not be a Good Reason event; (ii) a material reduction in Executive’s base salary except for
across the board reductions affecting all management employees; (iii) a material diminution of Executive’s duties, responsibilities or authorities with respect to Technology, Data Operations, China Operations, or Professional Services,
with the recognition that Executive shall not be in charge of Professional Services but the person in that role shall report directly to the Company’s CEO with a “dotted line” to Executive; notwithstanding the foregoing, the Company
may elect to limit or alter Executive’s duties, responsibilities or authorities if Executive engages in negative behavior and that, as a result, the Board of Directors determines in good faith justifies such a change in Executive’s duties,
responsibilities or authorities; or (iv) the failure of the Company to obtain the agreement from any successor to the Company, including but not limited to as a result of a CIC, to assume and agree to perform the Company’s obligations
outlined in this Agreement. “Good Reason Process” shall mean that (i) the Executive has reasonably determined in good faith that a “Good Reason” event has occurred; (ii) the Executive notifies the Company in writing of
the occurrence of the Good Reason event; (iii) the Executive cooperates in good faith with the Company’s efforts, for a period not less than ninety (90) days following such notice, to modify his employment situation

  

 2 

 
in a manner acceptable to him and the Company; and (iv) notwithstanding such efforts, one or more of the Good Reason events continues to exist and has not been modified in a manner
acceptable to the Executive. If the Company cures the Good Reason event in a manner acceptable to the Executive during the ninety (90) day period, Good Reason shall be deemed not to have occurred. 

3. Retention Bonus. If Executive remains employed with the Company in a full-time capacity through the Retention Bonus Date,
Executive will earn a one time Retention Bonus of $75,000 (SEVENTY FIVE THOUSAND DOLLARS), less applicable deductions and withholdings (“Retention Bonus Amount”). For purposes of this Agreement”, the “Retention Bonus Date”
shall be the earlier of: (i) the date of the termination of Executive’s employment by the Company without Cause or (ii) December 31, 2010. To earn any part of the Retention Bonus Executive must remain employed with the Company in
a full-time capacity through the Retention Bonus Date. If earned, the Company shall pay the Retention Bonus Amount to Executive on the Company’s first payroll date after the Retention Bonus Date. 

4. Release. Executive hereby releases and discharges the Company and its affiliates, and the predecessors, successors, and assigns
of each of them, and the current and former employees, and agents of each of the foregoing all in their professional and personal capacities (any and all of which are referred to as the “Releasees”) generally from all charges, complaints,
claims, promises, agreements, causes of action, damages, and debts of any nature whatsoever, known or unknown (“Claims”), which Executive now has, claim to have, ever had, or ever claimed to have had against the Releasees through the date
on which Executive executes this Agreement. This general release of Claims includes, without implication of limitation, all Claims related to Executive’s employment with the Company, the compensation provided to Executive by the Company, Claims
related to job duties and responsibilities provided or denied, breach of contract, breach of an implied covenant of good faith and fair dealing, tortious interference with advantageous relations, any intentional or negligent misrepresentation,
defamation, for wages, bonuses, incentive compensation, stock options or equity awards, Claims for unlawful discrimination or retaliation under the common law or any statute (including, without implication of limitation, Massachusetts General Law
Ch., 151B, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act), and all Claims for attorney’s fees. Further, Executive voluntarily withdraws any claim letter issued by Executive to the Company prior to the date
of this Agreement and hereby requests that the Company not further investigate the matters raised therein. This release shall not affect Executive’s rights and obligations under the Offer Letter, the CIC Agreement, the Restrictive Covenants,
this Agreement and any stock option plan and agreements pertaining to equity grants issued to Executive. 
 5. Board of
Directors. The Executive acknowledges that his term as a member of the Company’s Board of Directors is expiring in September, 2010 and that Executive may or may not be renominated and/or reelected to the Board. In the event the Executive is
not renominated and/or reelected, Executive agrees not to contest such decision(s) and hereby covenants not to sue the Company or members of the Board in connection with such decision(s). The parties acknowledge and agree that this Section 5 is
a material term of this Agreement. 
  

 3 

 6. Section 409A. Anything in this Agreement to the contrary notwithstanding, if
at the time of the Executive’s separation from service within the meaning of Section 409A of the Code, the Company determines that the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the
Code, then to the extent any payment or benefit that the Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent
additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the
earlier of (A) six months and one day after the Executive’s separation from service, or (B) the Executive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a
catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. To the
extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s
termination of employment, then such payments or benefits shall be payable only upon the Executive’s “separation from service”. The determination of whether and when a separation from service has occurred shall be made in accordance
with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is
ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as
reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to
either party. The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the
Code but do not satisfy an exemption from, or the conditions of, such Section. 
 7. Entire Agreement/CIC Window. This
Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements between the parties concerning such subject matter, provided however, this Agreement shall not affect the
Offer Letter, the Restrictive Covenants or the CIC Agreement. The Executive agrees that the CIC Agreement, and not Section 2 of this Agreement, shall be the exclusive source of severance rights and benefits during the six month period that
immediately follows a CIC that occurs within twelve months after the Effective Date of the CIC Agreement (the “CIC Window”). For the avoidance of doubt, (i) except for Section 2 of this Agreement which will not be in effect
during the CIC Window, this Agreement will remain in full force and effect including during the CIC Window; and (ii) both before and after the CIC Window this entire Agreement, including Section 2, shall be in full force and effect. In no
event shall the Executive be entitled to severance in connection with the ending of his employment with the Company under more than one agreement, policy or practice. 

8. Other Terms. This Agreement and the Restrictive Covenants are governed by Massachusetts law and the Executive consents to the
jurisdiction of the state and federal courts in 
  

 4 

 
Massachusetts in connection with the enforcement of any aspect of this Agreement including the Restrictive Covenants that have been incorporated by reference herein. In the event of any dispute,
this Agreement is intended by the parties to be construed as a whole, to be interpreted in accordance with its fair meaning, and not to be construed strictly for or against either Executive or the Company or the “drafter” of all or any
portion of this Agreement. Any payments made by the Company to the Executive under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law. Nothing herein shall be construed to require the
Company to minimize tax consequences for the Executive. No waiver of any provision in this Agreement shall be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or
obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. This Agreement shall be binding upon
each of the parties and upon the heirs, administrators, representatives, executors, successors and assigns of each of them, and shall inure to the benefit of each party and to the heirs, administrators, representatives, executors, successors, and
assigns of each of them. This Agreement may be amended, revoked, changed, or modified only upon a written agreement executed by both parties. This Agreement may be executed in counterparts, and each counterpart, when executed, shall have the
efficacy of a signed original. 
 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the date and year first above
written. 
  

	
	SALARY.COM, INC.
	
	 /s/ Paul R. Daoust

	Paul R. Daoust
	Interim Chief Executive Officer
	
	YONG ZHANG
	
	 /s/ Yong Zhang

	Yong Zhang

  

 5Exhibit 10.2

 Exhibit 10.2 

 
 SAFENET, INC. 

STOCK INCENTIVE PLAN 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	 	  	Page
			
	 1.
	  	 PURPOSE OF THE PLAN
	  	1
			
	 2.
	  	 ADMINISTRATION
	  	1
				
		  	 2.1
	  	 Administrator
	  	1
				
		  	 2.2
	  	 Plan Awards; Interpretation; Powers of Administrator
	  	2
				
		  	 2.3
	  	 Binding Determinations
	  	3
				
		  	 2.4
	  	 Reliance on Experts
	  	3
				
		  	 2.5
	  	 Delegation
	  	3
			
	 3.
	  	 ELIGIBILITY
	  	3
			
	 4.
	  	 STOCK SUBJECT TO THE PLAN
	  	4
				
		  	 4.1
	  	 Shares Available
	  	4
				
		  	 4.2
	  	 Share Limits
	  	4
				
		  	 4.3
	  	 Replenishment and Reissue of Unvested Awards
	  	4
				
		  	 4.4
	  	 Reservation of Shares 
	  	5
			
	 5.
	  	 OPTION GRANT PROGRAM
	  	5
				
		  	 5.1
	  	 Option Grants in General
	  	5
				
		  	 5.2
	  	 Types of Options
	  	5
				
		  	 5.3
	  	 Option Price
	  	6
				
		  	 5.4
	  	 Vesting; Term; Exercise Procedure
	  	8
				
		  	 5.5
	  	 Limitations on Grant and Terms of Incentive Stock Options
	  	8
				
		  	 5.6
	  	 Effects of Termination of Employment on Options
	  	9
				
		  	 5.7
	  	 Option Repricing/Cancellation and Regrant/Waiver of Restrictions
	  	10
				
		  	 5.8
	  	 Early Exercise Options
	  	11
			
	 6.
	  	 STOCK AWARD PROGRAM
	  	11
				
		  	 6.1
	  	 Stock Awards in General
	  	11
				
		  	 6.2
	  	 Types of Stock Awards
	  	11
				
		  	 6.3
	  	 Purchase Price
	  	11
				
		  	 6.4
	  	 Vesting
	  	11
				
		  	 6.5
	  	 Term
	  	12
				
		  	 6.6
	  	 Stock Certificates; Fractional Shares
	  	12
				
		  	 6.7
	  	 Dividend and Voting Rights
	  	12
				
		  	 6.8
	  	 Termination of Employment; Return to the Corporation
	  	12

  

 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	 	  	Page
				
		  	 6.9
	  	 Waiver of Restrictions
	  	12
			
	 7.
	  	 PROVISIONS APPLICABLE TO ALL AWARDS
	  	13
				
		  	 7.1
	  	 Rights of Eligible Persons, Participants and Beneficiaries
	  	13
				
		  	 7.2
	  	 No Transferability; Limited Exception to Transfer Restrictions
	  	14
				
		  	 7.3
	  	 Adjustments; Changes in Control
	  	15
				
		  	 7.4
	  	 Termination of Employment or Services
	  	18
				
		  	 7.5
	  	 Compliance with Laws
	  	20
				
		  	 7.6
	  	 Tax Withholding
	  	21
				
		  	 7.7
	  	 Plan and Award Amendments, Termination and Suspension
	  	22
				
		  	 7.8
	  	 Privileges of Stock Ownership
	  	23
				
		  	 7.9
	  	 Stock-Based Awards in Substitution for Awards Granted by Other Corporation
	  	23
				
		  	 7.10
	  	 Effective Date of the Plan
	  	24
				
		  	 7.11
	  	 Term of the Plan
	  	24
				
		  	 7.12
	  	 Governing Law/Severability
	  	24
				
		  	 7.13
	  	 Captions
	  	24
				
		  	 7.14
	  	 Non-Exclusivity of Plan
	  	24
				
		  	 7.15
	  	 No Restriction on Corporate Powers
	  	24
				
		  	 7.16
	  	 Other Company Compensation or Benefit Programs
	  	25
			
	 8.
	  	 DEFINITIONS
	  	25

  

 -ii- 

 SAFENET, INC. 

STOCK INCENTIVE PLAN 

PREFACE 

This Plan is divided into two separate equity programs: (I) the option grant program set forth in Section 5 under which
Eligible Persons (as defined in Section 3) may, at the discretion of the Administrator, be granted Options, and (2) the stock award program set forth in Section 6 under which Eligible Persons may, at the discretion of the
Administrator, be awarded restricted or unrestricted shares of Common Stock. Section 2 of this Plan contains the general rules regarding the administration of this Plan. Section 3 sets forth the requirements for eligibility to receive an A
ward grant under this Plan, Section 4 describes the capital stock of the Corporation that may be subject to Awards granted under this Plan. Section 7 contains other provisions applicable to all Awards granted under this Plan.
Section 8 provides definitions for certain capitalized terms used in this Plan and not otherwise defined herein. 
  

	1.	PURPOSE OF THE PLAN. 

The purpose of this Plan is to promote the success of the Corporation and the interests of its stockholders by providing a means through
which the Corporation may grant equity-based incentives to attract, motivate, retain and reward certain officers, employees, directors and other eligible persons and to further link the interests of Award recipients with those of the
Corporation’s stockholders generally. 
  

	2.	ADMINISTRATION. 

  

	 	2.1	Administrator. This Plan shall be administered by and all Awards under this Plan shall be authorized by the Administrator. The
“Administrator” means the Board or one or more committees appointed by the Board or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised solely
of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors may also
delegate, to the extent permitted by Section 157(c) of the Delaware General Corporation Law and any other applicable law, to one or more officers of the Corporation, its powers under this Plan (a) to designate the officers and employees of
the Corporation and its Affiliates who will receive grants of Awards under this Plan, and (b) to determine the number of shares subject to, and the other terms and conditions of, such Awards. The Board may delegate different levels of authority
to different committees with administrative and grant authority under this Plan. Unless otherwise provided in the Bylaws of the Corporation or the applicable charter of any Administrator: (a) a majority of the members of the acting
Administrator shall constitute a quorum, and (b) the vote of a majority of the members present assuming the presence of a quorum or the unanimous written consent of the members of the Administrator shall constitute action by the acting
Administrator. 

  

 1 

	 	2.2	Plan Awards; Interpretation; Powers of Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and empowered to do
all things necessary or desirable in connection with the authorization of Awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within the authority delegated to that committee or person(s)),
including, without limitation, the authority to: 

  

	 	(a)	determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive Awards; 

 

	 	(b)	grant Awards to Eligible Persons, determine the price and number of securities to be offered or awarded to any of such persons, determine the other specific terms and
conditions of Awards consistent with the express limits of this Plan, establish the installments (if any) in which such Awards will become exercisable or will vest (which may include, without limitation, performance and/or time-based schedules) or
determine that no delayed exercisability or vesting is required, establish any applicable performance targets, and establish the events of termination or reversion of such Awards; 

 

	 	(c)	approve the forms of Award Agreements, which need not be identical either as to type of Award or among Participants; 

 

	 	(d)	construe and interpret this Plan and any Award Agreement or other agreements defining the rights and obligations of the Corporation, its Affiliates, and Participants
under this Plan, make factual determinations with respect to the administration of this Plan, further define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the
Awards; 

  

	 	(e)	cancel, modify, or waive the Corporation’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding Awards, subject to any
required consent under Section 7.7.4; 

  

	 	(f)	accelerate or extend the vesting or exercisability or extend the term of any or all outstanding Awards (within the maximum ten-year term of Awards under Sections 5.4.2
and 6.5) in such circumstances as the Administrator may deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal nature); 

 

	 	(g)	determine Fair Market Value for purposes of this Plan and Awards; 

  

	 	(h)	acquire or settle (subject to Sections 7.3 and 7.7) rights under Awards in cash, stock of equivalent value or other consideration; 

 

 2 

	 	(i)	determine the duration and purposes of leaves of absence that may be granted to Participants without constituting a termination of their employment for purposes of this
Plan; and 

  

	 	(j)	determine whether, and the extent to which, adjustments are required pursuant to Section 7.3 hereof and authorize the termination, conversion, substitution or
succession of awards upon the occurrence of an event of the type described in Section 7.3. 

  

	 	2.3	Binding Determinations. Any action taken by, or inaction of, the Corporation, any Affiliate, the Board or the Administrator relating or pursuant to this
Plan and within its authority hereunder or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board nor the Administrator, nor any member thereof or
person acting at the direction thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any Award), and ail such persons shall be entitled to indemnification
and reimbursement by the Corporation in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and officers
liability insurance coverage that may be in effect from time to time. 

  

	 	2.4	Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Administrator may obtain and may rely upon the
advice of experts, including employees of and professional advisors to the Corporation. No director, officer or agent of the Corporation or any of its Affiliates shall be liable for any such action or determination taken or made or omitted in good
faith. 

  

	 	2.5	Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Corporation or any
of its Affiliates or to third parties. 

  

	3.	ELIGIBILITY. 

Awards may be granted under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible
Person” means any person who qualifies as one of the following at the time of grant of the respective Award: 
  

	 	(a)	an officer (whether or not a director) or employee of the Corporation or any of its Affiliates; 

 

	 	(b)	any member of the Board; or 

  

	 	(c)	any director of one of the Corporation’s Affiliates, or any individual consultant or advisor who renders or has rendered bona fide services (other than services in
connection with the offering or sale of securities of the Corporation or one of its Affiliates, as applicable, in a capital raising transaction or as a market maker or promoter of that entity’s securities) to the Corporation or one of its
Affiliates. 

  

 3 

 An advisor or consultant may be selected as an Eligible Person pursuant to clause
(c) above only if such person’s participation in this Plan would not adversely affect (1) the Corporation’s eligibility to rely on the Rule 701 exemption from registration under the Securities Act for the offering of shares
issuable under this Plan by the Corporation, or (2) the Corporation’s compliance with any other applicable laws. 
 An
Eligible Person may, but need not, be granted one or more Awards pursuant to Section 5 and/or one or more Awards pursuant to Section 6. An Eligible Person who has been granted an Award under this Plan may, if otherwise eligible, be granted
additional Awards under this Plan if the Administrator so determines. However, a person’s status as an Eligible Person is not a commitment that any Award will be granted to that person under this Plan. Furthermore, an Eligible Person who has
been granted an Award under Section 5 is not necessarily entitled to an Award under Section 6, or vice versa, unless otherwise expressly determined by the Administrator. 

Each Award granted under this Plan must be approved by the Administrator at or prior to the grant of the Award. 

 

	4.	STOCK SUBJECT TO THE PLAN. 

  

	 	4.1	Shares Available. Subject to the provisions of Section 7.3.1, the capital stock that may be delivered under this Plan will be shares of the
Corporation’s authorized but unissued Common Stock and any of its shares of Common Stock held as treasury shares. The shares of Common Stock issued and delivered may be issued and delivered for any lawful consideration.

  

	 	4.2	Share Limits. Subject to the provisions of Section 7.3.1 and further subject to the share counting rules of Section 4.3, the maximum number of
shares of Common Stock that may be delivered pursuant to Awards granted under this Plan will not exceed 2,703,020 shares (the “Share Limit”) in the aggregate. As required under Treasury Regulation
Section 1,422-2(b)(3)(i), in no event will the number of shares of Common Stock that may be delivered pursuant to Incentive Stock Options granted under this Plan exceed the Share Limit. 

 

	 	4.3	 Replenishment and Reissue of Unvested Awards. To the extent that an Award is settled in cash or a form other than shares of Common Stock,
the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the shares available for issuance under this Plan. No Award may be granted under this Plan unless, on the date of grant, the sum
of (a) the maximum number of shares of Common Stock issuable at any time pursuant to such Award, plus (b) the number of shares of Common Stock that have previously been issued pursuant to Awards granted under this Plan, plus (c) the
maximum number of shares of Common Stock that may be issued at any time after such date of grant pursuant to Awards that are outstanding on such date, 

 

 4 

	 	 
does not exceed the Share Limit. Shares of Common Stock that are subject to or underlie Options granted under this Plan that expire or for any reason are canceled or terminated without having
been exercised (or shares of Common Stock subject to or underlying the unexercised portion of such Options in the case of Options that were partially exercised), as well as shares of Common Stock that are subject to Stock Awards made under this Plan
that are forfeited to the Corporation or otherwise repurchased by the Corporation prior to the vesting of such shares for a price not greater than the original purchase or issue price of such shares (as adjusted pursuant to Section 7.3.1) will
again, except to the extent prohibited by law or applicable listing or regulatory requirements (and subject to any applicable limitations of the Code in the case of Awards intended to be Incentive Stock Options), be available for subsequent Award
grants under this Plan. Shares that are exchanged by a Participant or withheld by the Corporation as full or partial payment in connection with any Award under this Plan, as well as any shares exchanged by a Participant or withheld by the
Corporation or one of its Affiliates to satisfy the tax withholding obligations related to any Award, shall be available for subsequent awards under this Plan. 

 

	 	4.4	Reservation of Shares. The Corporation shall at all times reserve a number of shares of Common Stock sufficient to cover the Corporation’s
obligations and contingent obligations to deliver shares with respect to Awards then outstanding under this Plan. 

  

	5.	OPTION GRANT PROGRAM. 

  

	 	5.1	Option Grants in General. Each Option shall be evidenced by an Award Agreement in the form approved by the Administrator. The Award Agreement evidencing
an Option shall contain the terms established by the Administrator for that Option, as well as any other terms, provisions, or restrictions that the Administrator may impose on the Option or any shares of Common Stock subject to the Option; in each
case subject to the applicable provisions and limitations of this Section 5 and the other applicable provisions and limitations of this Plan. The Administrator may require that the recipient of an Option promptly execute and return to the
Corporation his or her Award Agreement evidencing the Option. In addition, the Administrator may require that the spouse of any married recipient of an Option also promptly execute and return to the Corporation the Award Agreement evidencing the
Option granted to the recipient or such other spousal consent form that the Administrator may require in connection with the grant of the Option. 

  

	 	5.2	Types of Options. The Administrator will designate each Option granted under this Plan as either an Incentive Stock Option or a Nonqualified Stock Option,
and such designation shall be set forth in the applicable Award Agreement. Any Option granted under this Plan that is not expressly designated in the applicable Award Agreement as an Incentive Stock Option will be deemed to be designated a
Nonqualified Stock Option under this Plan and not an “incentive stock option” within the meaning of Section 422 of the Code. Incentive Stock Options shall be subject to the provisions of Section 5.5 in addition to the provisions
of this Plan applicable to Options generally. 

  

 5 

	 	5.3	Option Price. 

  

	 	5.3.1	Pricing Limits. Subject to the following provisions of this Section 5.3.1, the Administrator will determine the purchase price per share of the Common Stock
covered by each Option (the “exercise price” of the Option) at the time of the grant of the Option, which exercise price will be set forth in the applicable Award Agreement. In no case will the exercise price of an Option be less than the
greater of: 

  

	 	(a)	the par value of the Common Stock; 

  

	 	(b)	in the case of an Incentive Stock Option and subject to clause (c) below, 100% of the Fair Market Value of the Common Stock on the date of grant; or

  

	 	(c)	in the case of an Incentive Stock Option granted to a Participant described in Section 5.5.4, 110% of the Fair Market Value of the Common Stock on the date of
grant. 

  

	 	5.3.2	Payment Provisions. The Corporation will not be obligated to deliver certificates for the shares of Common Stock to be purchased on exercise of an Option unless
and until it receives full payment of the exercise price therefor, all related withholding obligations under Section 7.6 have been satisfied, and all other conditions to the exercise of the Option set forth herein or in the Award Agreement have
been satisfied. The purchase price of any shares of Common Stock purchased on exercise of an Option must be paid in full at the time of each purchase in such lawful consideration as may be permitted or required by the Administrator, which may
include, without limitation, one or a combination of the following methods: 

  

	 	(a)	cash, check payable to the order of the Corporation, or electronic funds transfer; 

 

	 	(b)	notice and third party payment in such manner as may be authorized by the Administrator; 

 

	 	(c)	the delivery of previously owned shares of Common Stock; 

  

	 	(d)	by a reduction in the number of shares of Common Stock otherwise deliverable pursuant to the Award; 

 

	 	(e)	subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise”; or 

 

 6 

	 	(f)	if authorized by the Administrator or specified in the applicable Award Agreement, by a promissory note of the Participant consistent with the requirements of
Section 5.3.3. 

 In no event shall any shares newly-issued by the Corporation be issued for less than the
minimum lawful consideration for such shares or for consideration other than consideration permitted by applicable state law. Shares of Common Stock used to satisfy the exercise price of an Option (whether previously-owned shares or shares otherwise
deliverable pursuant to the terms of the Option) shall be valued at their Fair Market Value on the date of exercise. Unless otherwise expressly provided in the applicable Award Agreement, the Administrator may eliminate or limit a Participant’s
ability to pay the purchase or exercise price of any Award by any method other than cash payment to the Corporation. 
  

	 	5.3.3	Acceptance of Notes to Finance Exercise. The Corporation may, with the Administrator’s approval in each specific case, accept one or more promissory notes
from any Eligible Person in connection with the exercise of any Option; provided that any such note shall be subject to the following terms and conditions: 

 

	 	(a)	The principal of the note shall not exceed the amount required to be paid to the Corporation upon the exercise, purchase or acquisition of one or more Awards under this
Plan and the note shall be delivered directly to the Corporation in consideration of such exercise, purchase or acquisition. 

  

	 	(b)	The initial term of the note shall be determined by the Administrator; provided that the term of the note, including extensions, shall not exceed a period of five
years. 

  

	 	(c)	The note shall provide for full recourse to the Participant and shall bear interest at a rate determined by the Administrator, but not less than the interest rate
necessary to avoid the imputation of interest under the Code and to avoid any adverse accounting consequences in connection with the exercise, purchase or acquisition. 

 

	 	(d)	If the employment or services of the Participant by or to the Corporation and its Affiliates terminates, the unpaid principal balance of the note shall become due and
payable on the 30th business day after such termination; provided, however, that if a sale of the shares acquired on exercise of the Option would cause such Participant to incur liability under Section 16(b) of the Exchange Act, the unpaid
balance shall become due and payable on the 10th business day after the first day on which a sale of such shares could have been made without incurring such liability assuming for these purposes that there are no other transactions (or deemed
transactions) in securities of the Corporation by the Participant subsequent to such termination. 

  

 7 

	 	(e)	If required by the Administrator or by applicable law, the note shall be secured by a pledge of any shares or rights financed thereby or other collateral, in compliance
with applicable law. 

 The terms, repayment provisions, and collateral release provisions of the note and the
pledge securing the note shall conform with all applicable rules and regulations, including those of the Federal Reserve Board and any applicable state law, as then in effect. 

 

	 	5.4	Vesting; Term; Exercise Procedure. 

  

	 	5.4.1	Vesting. An Option may be exercised only to the extent that it is vested and exercisable. The Administrator will determine the vesting and/or exercisability
provisions of each Option (which may be based on performance criteria, passage of time or other factors or any combination thereof), which provisions will be set forth in the applicable Award Agreement. Unless the Administrator otherwise expressly
provides, once exercisable an Option will remain exercisable until the expiration or earlier termination of the Option. 

  

	 	5.4.2	Term. Each Option shall expire not more than 10 years after its date of grant. Each Option will be subject to earlier termination as provided in or pursuant to
Sections 5.7 and 7.3. 

  

	 	5.4.3	Exercise Procedure. Any exercisable Option will be deemed to be exercised when the Corporation receives written notice of such exercise from the Participant (on
a form and in such manner as may be required by the Administrator), together with any required payment made in accordance with Section 5.3 and Section 7.6 and any written statement required pursuant to Section 7.5.1.

  

	 	5.4.4	Fractional Shares/Minimum Issue. Fractional share interests will be disregarded, but may be accumulated. The Administrator, however, may determine that cash,
other securities, or other property will be paid or transferred in lieu of any fractional share interests. No fewer than 100 shares (subject to adjustment pursuant to Section 7.3.1) may be purchased on exercise of any Option at one time unless
the number purchased is the total number at the time available for purchase under the Option. 

  

	 	5.5	Limitations on Grant and Terms of Incentive Stock Options. 

  

	 	5.5.1	 $100,000 Limit. To the extent that the aggregate Fair Market Value of stock with respect to which incentive stock options first become
exercisable by a Participant in any calendar year exceeds $100,000, taking into account both Common Stock subject to Incentive Stock Options under 

 

 8 

	 	 
this Plan and stock subject to incentive stock options under all other plans of the Corporation or any of its Affiliates, such options will be treated as nonqualified stock options. For this
purpose, the Fair Market Value of the stock subject to options will be determined as of the date the options were awarded. In reducing the number of options treated as incentive stock options to meet the $100,000 limit, the most recently granted
options will be reduced (recharacterized as nonqualified stock options) first. To the extent a reduction of simultaneously granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by
law, designate which shares of Common Stock are to be treated as shares acquired pursuant to the exercise of an incentive stock option. 

  

	 	5.5.2	Other Code Limits. Incentive Stock Options may only be granted to individuals that are employees of the Corporation or one of its Affiliates and satisfy the
other eligibility requirements of the Code. Any Award Agreement relating to Incentive Stock Options will contain or shall be deemed to contain such other terms and conditions as from time to time are required in order that the Option be an
“incentive stock option” as that term is defined in Section 422 of the Code. 

  

	 	5.5.3	ISO Notice of Sale Requirement. Any Participant who exercises an Incentive Stock Option shall give prompt written notice to the Corporation of any sale or other
transfer of the shares of Common Stock acquired on such exercise if the sale or other transfer occurs within (a) one year after the exercise date of the Option, or (b) two years after the grant date of the Option. 

 

	 	5.5.4	Limits on 10% Holders. No Incentive Stock Option may be granted to any person who, at the time the Incentive Stock Option is granted, owns (or is deemed to own
under Section 424(d) of the Code) shares of outstanding stock of the Corporation (or any of its Affiliates) possessing more than 10% of the total combined voting power of all classes of stock of the Corporation (or any of its Affiliates),
unless the exercise price of such Incentive Stock Option is at least 110% of the Fair Market Value of the stock subject to the Incentive Stock Option and the Incentive Stock Option by its terms is not exercisable more than five years after the date
the Incentive Stock Option is granted. 

  

	 	5.6	Effects of Termination of Employment on Options. 

  

	 	5.6.1	Death or Disability. Unless otherwise provided in the Award Agreement (consistent with applicable securities laws) and subject to earlier termination pursuant to
or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Corporation or any of its Affiliates terminates as a result of the Participant’s death or Total Disability: 

 

	 	(a)	the Participant (or his or her Personal Representative or Beneficiary, in the case of the Participant’s Total Disability or death, respectively), will have until
the date that is 12 months after the Participant’s Severance Date to exercise the Participant’s Option (or portion thereof) to the extent that it was vested and exercisable on the Severance Date; 

 

 9 

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 12-month period following the Participant’s Severance Date and not exercised during such period, shall terminate at
the close of business on the last day of the 12-month period. 

  

	 	5.6.2	Other Terminations of Employment. Unless otherwise provided in the Award Agreement (consistent with applicable securities laws) and subject to earlier
termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Corporation or any of its Affiliates terminates for any reason other than because of the Participant’s death or
Total Disability: 

  

	 	(a)	the Participant will have until the date that is 3 months after the Participant’s Severance Date to exercise his or her Option (or portion thereof) to the extent
that it was vested and exercisable on the Severance Date; 

  

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 3-month period following the Participant’s Severance Date and not exercised during such period, shall terminate at
the close of business on the last day of the 3-month period. 

  

	 	5.7	Option Repricing/Cancellation and Regrant/Waiver of Restrictions. Subject to Section 4 and Section 7.7 and the specific limitations on Options
contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases only, for the benefit of any Eligible Person, any adjustment in the exercise price, the vesting schedule, the number of shares subject to, or
the term of, an Option granted under this Plan by cancellation of an outstanding Option and a subsequent regranting of the Option, by amendment, by substitution of an outstanding Option, by waiver or by other legally valid means. Such amendment or
other action may result in, among other changes, an exercise price that is higher or lower than the exercise price of the original or prior Option, provide for a greater or lesser number of shares of Common Stock subject to the Option, or provide
for a longer or shorter vesting or exercise period. 

  

 10 

	6.	STOCK AWARD PROGRAM. 

  

	 	6.1	Stock Awards in General. Each Stock Award shall be evidenced by an Award Agreement in the form approved by the Administrator. The Award Agreement
evidencing a Stock Award shall contain the terms established by the Administrator for that Stock Award, as well as any other terms, provisions, or restrictions that the Administrator may impose on the Stock Award; in each case subject to the
applicable provisions and limitations of this Section 6 and the other applicable provisions and limitations of this Plan. The Administrator may require that the recipient of a Stock Award promptly execute and return to the Corporation his or
her Award Agreement evidencing the Stock Award, In addition, the Administrator may require that the spouse of any married recipient of a Stock Award also promptly execute and return to the Corporation the Award Agreement evidencing the Stock Award
granted to the recipient or such other spousal consent form that the Administrator may require in connection with the grant of the Stock Award. 

  

	 	6.2	Types of Stock Awards. The Administrator shall designate whether a Stock Award shall be a Restricted Stock Award, and such designation shall be set forth
in the applicable Award Agreement. 

  

	 	6.3	Purchase Price. 

  

	 	6.3.1	Pricing Limits. Subject to the following provisions of this Section 6.3, the Administrator will determine the purchase price per share of the Common Stock
covered by each Stock Award at the time of grant of the Award. In no case will such purchase price be less than the par value of the Common Stock. 

  

	 	6.3.2	Payment Provisions. The Corporation will not be obligated to issue certificates evidencing shares of Common Stock awarded under this Section 6 unless and
until it receives full payment of the purchase price therefor and all other conditions to the purchase, as determined by the Administrator, have been satisfied. The purchase price of any shares subject to a Stock Award must be paid in full at the
time of the purchase in such lawful consideration as may be permitted or required by the Administrator, which may include, without limitation, one or a combination of the methods set forth in clauses (a) through (f) in Section 5.3.2
and/or past services rendered to the Corporation or any of its Affiliates. 

  

	 	6.4	Vesting. The restrictions imposed on the shares of Common Stock subject to a Restricted Stock Award (which may be based on performance criteria, passage
of time or other factors or any combination thereof) will be set forth in the applicable Award Agreement. 

  

 11 

	 	6.5	Term. A Stock Award shall either vest or be forfeited not more than 10 years after the date of grant. Each Stock Award will be subject to earlier
termination as provided in or pursuant to Sections 6.8 and 7.3. Any payment of cash or delivery of stock in payment for a Stock Award may be delayed until a future date if specifically authorized by the Administrator in writing and by the
Participant. 

  

	 	6.6	Stock Certificates; Fractional Shares. Stock certificates evidencing Restricted Shares will bear a legend making appropriate reference to the restrictions
imposed hereunder and will be held by the Corporation or by a third party designated by the Administrator until the restrictions on such shares have lapsed, the shares have vested in accordance with the provisions of the Award Agreement and
Section 6.4, and any related loan has been repaid. Fractional share interests will be disregarded, but may be accumulated. The Administrator, however, may determine that cash, other securities, or other property will be paid or transferred in
lieu of any fractional share interests. 

  

	 	6.7	Dividend and Voting Rights. Unless otherwise provided in the applicable Award Agreement, a Participant receiving Restricted Shares will be entitled to
cash dividend and voting rights for all Restricted Shares issued even though they are not vested, but such rights will terminate immediately as to any Restricted Shares which cease to be eligible for vesting. 

 

	 	6.8	Termination of Employment; Return to the Corporation. Unless the Administrator otherwise expressly provides, Restricted Shares subject to an Award that
remain subject to vesting conditions that have not been satisfied by the time specified in the applicable Award Agreement (which may include, without limitation, the Participant’s Severance Date), will not vest and will be reacquired by the
Corporation in such manner and on such terms as the Administrator provides, which terms shall include return or repayment of the lower of (a) the Fair Market Value of the Restricted Shares at the time of the termination, or (b) the
original purchase price of the Restricted Shares, without interest, to the Participant to the extent not prohibited by law. The Award Agreement shall specify any other terms or conditions of the repurchase if the Award fails to vest. Any other Stock
Award that has not been exercised as of a Participant’s Severance Date shall terminate on that date unless otherwise expressly provided by the Administrator in the applicable Award Agreement. 

 

	 	6.9	Waiver of Restrictions. Subject to Sections 4 and 7.7 and the specific limitations on Stock Awards contained in this Plan, the Administrator from time to
time may authorize, generally or in specific cases only, for the benefit of any Eligible Person, any adjustment in the vesting schedule, or the restrictions upon or the term of, a Stock Award granted under this Plan by amendment, by substitution of
an outstanding Stock Award, by waiver or by other legally valid means. 

  

 12 

	7.	PROVISIONS APPLICABLE TO ALL AWARDS. 

  

	 	7.1	Rights of Eligible Persons, Participants and Beneficiaries. 

  

	 	7.1.1	Employment Status. No person shall have any claim or rights to be granted an Award (or additional Awards, as the case may be) under this Plan, subject to any
express contractual rights (set forth in a document other than this Plan) to the contrary. 

  

	 	7.1.2	No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or related to any Award) shall confer upon any Eligible
Person or Participant any right to continue in the employ or other service of the Corporation or any of its Affiliates, constitute any contract or agreement of employment or other service or affect an employee’s status as an employee at will,
nor shall interfere in any way with the right of the Corporation or any Affiliate to change such person’s compensation or other benefits, or to terminate his or her employment or other service, with or without cause at any time. Nothing in this
Section 7.1.2, or in Section 7.3 or 7.15, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract. An Award Agreement shall not constitute a contract of
employment or service. 

  

	 	7.1.3	Plan Not Funded. Awards payable under this Plan will be payable in shares of Common Stock or from the general assets of the Corporation, and (except as to the
share reservation provided in Section 4.4) no special or separate reserve, fund or deposit will be made to assure payment of such Awards. No Participant, Beneficiary or other person will have any right, title or interest in any fund or in any
specific asset (including shares of Common Stock, except as expressly provided) of the Corporation or any of its Affiliates by reason of any Award hereunder. Neither the provisions of this Plan (or of any related documents), nor the creation or
adoption of this Plan, nor any action taken pursuant to the provisions of this Plan will create, or be construed to create, a trust of any kind or a fiduciary relationship between the Corporation or any of its Affiliates and any Participant,
Beneficiary or other person. To the extent that a Participant, Beneficiary or other person acquires a right to receive payment pursuant to any Award hereunder, such right will be no greater than the right of any unsecured general creditor of the
Corporation. 

  

	 	7.1.4	 Charter Documents. The Certificate of Incorporation and Bylaws of the Corporation, as either of them may lawfully be amended from time to time,
may provide for additional restrictions and limitations with respect to the Common Stock (including additional restrictions and limitations on the voting or transfer of Common Stock) or priorities, rights and preferences as to securities and
interests prior in rights to the Common Stock. To the extent that these restrictions and limitations are greater than 

 

 13 

	 	 
those set forth in this Plan or any Award Agreement, such restrictions and limitations shall apply to any shares of Common Stock acquired pursuant to the exercise of Awards and are incorporated
herein by this reference. 

  

	 	7.2	No Transferability; Limited Exception to Transfer Restrictions. 

 

	 	7.2.1	Limit On Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 7.2, by applicable law and by the Award Agreement, as
the same may be amended: 

  

	 	(a)	all Awards are non-transferable and will not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge;

  

	 	(b)	Awards will be exercised only by the Participant; and 

  

	 	(c)	amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the account of) the Participant. 

In addition, the shares shall be subject to the restrictions set forth in the applicable Award Agreement. 

 

	 	7.2.2	Further Exceptions to Limits On Transfer. The exercise and transfer restrictions in Section 7.2.1 will not apply to: 

 

	 	(a)	transfers to the Corporation; 

  

	 	(b)	transfers by gift or domestic relations order to one or more “family members” (as that term is defined in SEC Rule 701 promulgated under the Securities Act)
of the Participant; 

  

	 	(c)	the designation of a Beneficiary to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises by the Participant’s
Beneficiary, or, in the absence of a validly designated Beneficiary, transfers by will or the laws of descent and distribution; or 

  

	 	(d)	if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s duly authorized legal
representative. 

 Notwithstanding anything else in this Section 7.2.2 to the contrary, but subject to
compliance with all applicable laws, Incentive Stock Options and Restricted Stock Awards will be subject to any and all transfer restrictions under the Code applicable to such awards or necessary to maintain the intended tax consequences of such
Awards. Notwithstanding clause (b) above but subject to compliance with all applicable laws, any contemplated transfer by gift or domestic relations order to one or more 

 

 14 

 
“family members” of a Participant as referenced in clause (b) above is subject to the condition precedent that the transfer be approved by the Administrator in order for it to be
effective. The Administrator may, in its sole discretion, withhold its approval of any such proposed transfer. 
  

	 	7.3	Adjustments; Changes in Control. 

  

	 	7.3.1	Adjustments. Subject to Section 7.3.2 below, upon (or, as may be necessary to effect the adjustment, immediately prior to): any reclassification,
recapitalization, stock split (including a stock split in the form of a stock dividend) or reverse stock split; any merger, combination, consolidation, or other reorganization; any split-up, spin-off, or similar extraordinary dividend distribution
in respect of the Common Stock; or any exchange of Common Stock or other securities of the Corporation, or any similar, unusual or extraordinary corporate transaction in respect of the Common Stock; then the Administrator shall equitably and
proportionately adjust (1) the number and type of shares of Common Stock (or other securities) that thereafter may be made the subject of Awards (including the specific share limits, maximums and numbers of shares set forth elsewhere in this
Plan), (2) the number, amount and type of shares of Common Stock (or other securities or property) subject to any outstanding Awards, (3) the grant, purchase, or exercise price of any outstanding Awards, and/or (4) the securities,
cash or other property deliverable upon exercise or vesting of any outstanding Awards, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding Awards.

 Unless otherwise expressly provided in the applicable Award Agreement, upon (or, as may be necessary to effect
the adjustment, immediately prior to) any event or transaction described in the preceding paragraph or a sale of all or substantially all of the business or assets of the Corporation as an entirety, the Administrator shall equitably and
proportionately adjust the performance standards applicable to any then-outstanding performance-based Awards to the extent necessary to preserve (but not increase) the level of incentives by this Plan and the then-outstanding performance-based
Awards. 
 It is intended that, if possible, any adjustments contemplated by the preceding two paragraphs be made in a manner
that satisfies applicable U.S. legal, tax (including, without limitation and as applicable in the circumstances, Section 424 of the Code and Section 409A of the Code) and accounting (so as to not trigger any charge to earnings with respect
to such adjustment) requirements. 
 Without limiting the generality of Section 2.3, any good faith determination by the
Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.3.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons. 

 

 15 

 Unless otherwise expressly provided by the Administrator, in no event shall a conversion of
one or more outstanding shares of the Corporation’s preferred stock (if any) or any new issuance of securities by the Corporation for consideration be deemed, in and of itself, to require an adjustment pursuant to this Section 7.3.1.

  

	 	7.3.2	Consequences of a Change in Control Event. Upon the occurrence of a Change in Control Event, the outstanding Awards shall be subject to the agreement
governing the Change in Control Event, which shall provide for one or more of the following: (i) a cash payment in settlement of, or the continuation (if the Company is the surviving entity), assumption, substitution or exchange of any or all
outstanding Awards (or the cash, securities or other property deliverable to the holder(s) of any or all outstanding Awards) based upon, to the extent relevant in the circumstances, the distribution or consideration payable to holders of the Common
Stock upon or in respect of such event, or (ii) immediate vesting, in full or in part, of each outstanding Award (or, as may be necessary to effectuate the purposes of this acceleration, immediately prior to) the occurrence of a Change in
Control Event. 

 The foregoing Change in Control Event provisions shall not in any way limit the authority of the
Administrator to accelerate the vesting of one or more Awards (as to all or only a portion of any Award) in such circumstances (including, but not limited to, a Change in Control Event) as the Administrator may determine to be appropriate,
regardless of whether accelerated vesting of a portion of the Award(s) is otherwise required or contemplated by the foregoing in the circumstances. 

The Administrator may adopt such valuation methodologies for outstanding Awards as it deems reasonable in the event of a cash, securities
or other property settlement. In the case of Options, but without limitation on other methodologies, the Administrator may base such settlement solely upon the excess (if any) of the amount payable upon or in respect of such event over the exercise
price of the Option to the extent of the then vested and exercisable shares subject to the Option. 
 In any of the events
referred to in this Section 7.3.2, the Administrator may take such action contemplated by this Section 7.3.2 prior to such event (as opposed to on the occurrence of such event) to the extent that the Administrator deems the action
necessary to permit the Participant to realize the benefits intended to be conveyed with respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration to occur immediately prior to the
applicable event and/or reinstate the original terms of the Award if an event giving rise to an acceleration does not occur. 
  

 16 

	 	7.3.3	Early Termination of Awards. Upon the occurrence of a Change in Control Event, each then-outstanding Award (whether or not vested and/or exercisable, but after
giving effect to any accelerated vesting required in the circumstances pursuant to Sections 7,3.2, 7.3.4 and 7.3,5) shall terminate, subject to any provision that has been expressly made by the Administrator, through a plan of reorganization or
otherwise, for the survival, substitution, assumption, exchange or other continuation or settlement of such Award and provided that, in the case of Options that will not survive or be substituted for, assumed, exchanged, or otherwise continued or
settled in the Change in Control Event, the holder of such Award shall be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise his or her outstanding and vested Options (the vested portion of such
Options determined after giving effect to any accelerated vesting required in the circumstances pursuant to Sections 7.3.2, 7.3.4 and 7.3.5) in accordance with their terms before the termination of the Awards (except that in no case shall more than
ten days’ notice of accelerated vesting and the impending termination be required and any acceleration may be made contingent upon the actual occurrence of the event). For purposes of this Section 7.3, an Award shall be deemed to have been
“assumed” if (without limiting other circumstances in which an Award is assumed) the Award continues after the Change in Control Event, and/or is assumed and continued by a Parent (as such term is defined in the definition of Change in
Control Event) following a Change in Control Event, and confers the right to purchase or receive, as applicable and subject to vesting and the other terms and conditions of the Award, for each share of Common Stock subject to the Award immediately
prior to the Change in Control Event, the consideration (whether cash, shares, or other securities or property) received in the Change in Control Event by the stockholders of the Corporation for each share of Common Stock sold or exchanged in such
transaction (or the consideration received by a majority of the stockholders participating in such transaction if the stockholders were offered a choice of consideration); provided, however, that if the consideration offered for a share of Common
Stock in the transaction is not solely the ordinary common stock of a successor corporation or a Parent, the Board may provide for the consideration to be received upon exercise or payment of the Award, for each share subject to the Award, to be
solely ordinary common stock of the successor corporation or a Parent equal in Fair Market Value to the per share consideration received by the stockholders participating in the Change in Control Event. 

 

	 	7.3.4	 Other Acceleration Rules. The Administrator may override the provisions of this Section 7.3 as to any Award by express provision in the
applicable Award Agreement and may accord any Participant a right to refuse any 

  

 17 

	 	 
acceleration, whether pursuant to the Award Agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any Incentive Stock Option accelerated in connection
with a Change in Control Event (or such other circumstances as may trigger accelerated vesting of the Incentive Stock Option) shall remain exercisable as an Incentive Stock Option only to the extent the applicable $100,000 limitation on Incentive
Stock Options is not exceeded. To the extent exceeded, the accelerated portion of the Option shall be exercisable as a Nonqualified Stock Option. 

  

	 	7.3.5	Golden Parachute Limitation. Notwithstanding anything else contained in this Section 7.3 to the contrary, in no event shall any Award or payment be
accelerated under this Section 7.3 to an extent or in a manner so that such Award or payment, together with any other compensation and benefits provided to, or for the benefit of, the Participant under any other plan or agreement of the
Corporation or one of its Affiliates, would not be fully deductible by the Corporation or one of its Affiliates for federal income tax purposes because of Section 280G of the Code. If a holder of an Award would be entitled to benefits or
payments hereunder and under any other plan or program that would constitute “parachute payments” as defined in Section 280G of the Code, then the holder may by written notice to the Corporation designate the order in which such
parachute payments will be reduced or modified so that the Corporation or one of its Affiliates is not denied federal income tax deductions for any “parachute payments” because of Section 280G of the Code. Notwithstanding the
foregoing, if a Participant is a party to an employment or other agreement with the Corporation or one of its Affiliates, or is a participant in a severance program sponsored by the Corporation or one of its Affiliates that contains express
provisions regarding Section 280G and/or Section 4999 of the Code (or any similar successor provision), or the applicable Award Agreement includes such provisions, the Section 280G and/or Section 4999 provisions of such
employment or other agreement or plan, as applicable, shall control as to the Awards held by that Participant (for example, and without limitation, a Participant may be a party to an employment agreement with the Corporation or one of its Affiliates
that provides for a “gross-up” as opposed to a “cut-back” in the event that the Section 280G thresholds are reached or exceeded in connection with a change in control and, in such event, the Section 280G and/or
Section 4999 provisions of such employment agreement shall control as to any Awards held by that Participant). 

  

	 	7.4	Termination of Employment or Services. 

  

	 	7.4.1	 Events Not Deemed a Termination of Employment. Unless the Administrator otherwise expressly provides with respect to a particular Award, if a
Participant’s employment by or service to the Corporation or an Affiliate terminates but immediately thereafter the Participant continues 

 

 18 

	 	 
in the employ of or service to another Affiliate or the Corporation, as applicable, the Participant shall be deemed to have not had a termination of employment or service for purposes of this
Plan and the Participant’s Awards. Unless the express policy of the Corporation or the Administrator otherwise provides, a Participant’s employment relationship with the Corporation or any of its Affiliates shall not be considered
terminated solely due to any sick leave, military leave, or any other leave of absence authorized by the Corporation or any Affiliate or the Administrator; provided that, unless reemployment upon the expiration of such leave is
guaranteed by contract or law, such leave is for a period of not more than three months. In the case of any Participant on an approved leave of absence, continued vesting of the Award while on leave from the employ of or service with the Corporation
or any of its Affiliates will be suspended until the Participant returns to service, unless the Administrator otherwise provides or applicable law otherwise requires. In no event shall an Award be exercised after the expiration of the term of the
Award set forth in the Award Agreement. 

  

	 	7.4.2	Effect of Change of Affiliate Status. For purposes of this Plan and any Award, if an entity ceases to be an Affiliate, a termination of employment or
service will be deemed to have occurred with respect to each Eligible Person in respect of such Affiliate who does not continue as an Eligible Person in respect of another Affiliate that continues as such after giving effect to the transaction or
other event giving rise to the change in status. 

  

	 	7.4.3	Administrator Discretion. Notwithstanding the provisions of Section 5.6 or 6.8, in the event of, or in anticipation of, a termination of employment
or service with the Corporation or any of its Affiliates for any reason, the Administrator may accelerate the vesting and exercisability of all or a portion of the Participant’s Award, and/or, subject to the provisions of Sections 5.4.2 and
7.3, extend the exercisability period of the Participant’s Option upon such terms as the Administrator determines and expressly sets forth in or by amendment to the Award Agreement. 

 

	 	7.4.4	Termination of Consulting or Affiliate Services. If the Participant is an Eligible Person solely by reason of clause (c) of Section 3, the
Administrator shall be the sole judge of whether the Participant continues to render services to the Corporation or any of its Affiliates, unless a written contract or the Award Agreement otherwise provides. If, in these circumstances, the
Corporation or any Affiliate notifies the Participant in writing that a termination of the Participant’s services to the Corporation or any Affiliate has occurred for purposes of this Plan, then (unless the contract or the Award Agreement
otherwise expressly provides), the Participant’s termination of services with the Corporation or Affiliate for purposes of this Plan shall be the date which is 10 days after the mailing of the notice by the Corporation or Affiliate.

  

 19 

	 	7.5	Compliance with Laws. 

  

	 	7.5.1	General. This Plan, the granting and vesting of Awards under this Plan, and the offer, issuance and delivery of shares of Common Stock, the acceptance of
promissory notes and/or the payment of money under this Plan or under Awards are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities laws, and federal
margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. The person acquiring any securities under this
Plan will, if requested by the Corporation, provide such assurances and representations to the Corporation as the Administrator may deem necessary or desirable to assure compliance with all applicable legal and accounting requirements.

  

	 	7.5.2	Compliance with Securities Laws. No Participant shall sell, pledge or otherwise transfer shares of Common Stock acquired pursuant to an Award or any
interest in such shares except in accordance with the express terms of this Plan and the applicable Award Agreement. Any attempted transfer in violation of this Section 7.5 shall be void and of no effect. Without in any way limiting the
provisions set forth above, no Participant shall make any disposition of all or any portion of shares of Common Stock acquired or to be acquired pursuant to an Award, except in compliance with all applicable federal and state securities laws and
unless and until: 

  

	 	(a)	there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such
registration statement; 

  

	 	(b)	such disposition is made in accordance with Rule 144 under the Securities Act; or 

 

	 	(c)	such Participant notifies the Corporation of the proposed disposition and furnishes the Corporation with a statement of the circumstances surrounding the proposed
disposition, and, if requested by the Corporation, furnishes to the Corporation an opinion of counsel acceptable to the Corporation’s counsel, that such disposition will not require registration under the Securities Act and will be in
compliance with all applicable state securities laws. 

 Notwithstanding anything else herein to the contrary,
neither the Corporation or any Affiliate has any obligation to register the Common Stock or file any registration statement under either federal or state securities laws, nor does the Corporation or any Affiliate make any representation concerning
the likelihood of a public offering of the Common Stock or any other securities of the Corporation or any Affiliate. 
  

 20 

	 	7.5.3	Share Legends. All certificates evidencing shares of Common Stock issued or delivered under this Plan shall bear the following legends and/or any other
appropriate or required legends under applicable laws: 

 “OWNERSHIP OF THIS CERTIFICATE, THE SHARES
EVIDENCED BY THIS CERTIFICATE AND ANY INTEREST THEREIN ARE SUBJECT TO SUBSTANTIAL RESTRICTIONS ON TRANSFER UNDER APPLICABLE LAW AND UNDER AGREEMENTS WITH THE CORPORATION, INCLUDING RESTRICTIONS ON SALE, ASSIGNMENT, TRANSFER, PLEDGE OR OTHER
DISPOSITION. 
 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (“ACT”), NOR HAVE THEY BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE, NO TRANSFER OF SUCH SECURITIES WILL BE PERMITTED UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS TO SUCH TRANSFER, THE
TRANSFER IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE ACT, OR IN THE OPINION OF COUNSEL TO THE CORPORATION, REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND WITH APPLICABLE STATE SECURITIES LAWS.”

  

	 	7.5.4	Confidential Information. Any financial or other information relating to the Corporation obtained by Participants in connection with or as a result of this Plan
or their Awards shall be treated as confidential. 

  

	 	7.6	Tax Withholding. 

  

	 	7.6.1	Tax Withholding. Upon any exercise, vesting, or payment of any Award or upon the disposition of shares of Common Stock acquired pursuant to the exercise
of an Incentive Stock Option prior to satisfaction of the holding period requirements of Section 422 of the Code, the Corporation or any of its Affiliates shall have the right at its option to: 

 

	 	(a)	require the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) to pay or provide for payment of at least the minimum
amount of any taxes which the Corporation or Affiliate may be required to withhold with respect to such Award event or payment; 

  

	 	(b)	 deduct from any amount otherwise payable (in respect of an Award or otherwise) in cash to the Participant (or the Participant’s Personal
Representative or Beneficiary, as the case may be) the 

  

 21 

	 	 
minimum amount of any taxes which the Corporation or Affiliate may be required to withhold with respect to such Award event or payment; or 

 

	 	(c)	reduce the number of shares of Common Stock to be delivered by (or otherwise reacquire shares held by the Participant) the appropriate number of shares of Common Stock,
valued at their then Fair Market Value, to satisfy the minimum withholding obligation. 

 In any case where a tax
is required to be withheld in connection with the delivery of shares of Common Stock under this Plan, the Administrator may in its sole discretion (subject to Section 7.5) grant (either at the time of the Award or thereafter) to the Participant
the right to elect, pursuant to such rules and subject to such conditions as the Administrator may establish, to have the Corporation reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in
a consistent manner at their Fair Market Value or at the sales price in accordance with authorized procedures for cashless exercises, necessary to satisfy the minimum applicable withholding obligation on exercise, vesting or payment. In no event
shall the shares withheld exceed the minimum whole number of shares required for tax withholding under applicable law. The Corporation may, with the Administrator’s approval, accept one or more promissory notes from any Eligible Person in
connection with taxes required to be withheld upon the exercise, vesting or payment of any Award under this Plan; provided that any such note shall be subject to terms and conditions established by the Administrator and the requirements of
applicable law. 
  

	 	7.6.2	Tax Loans. If so provided in the Award Agreement or otherwise authorized by the Administrator, the Corporation may, to the extent permitted by law, authorize a
loan to an Eligible Person in the amount of any taxes that the Corporation or any of its Affiliates may be required to withhold with respect to shares of Common Stock received (or disposed of, as the case may be) pursuant to a transaction described
in Section 7.6.1. Such a loan will be for a term and at a rate of interest and pursuant to such other terms and conditions as the Corporation may establish, subject to compliance with applicable law. Such a loan need not otherwise comply with
the provisions of Section 5.3.3. 

  

	 	7.7	Plan and Award Amendments, Termination and Suspension. 

  

	 	7.7.1	Board Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part. No Awards may be
granted during any period that the Board suspends this Plan. 

  

 22 

	 	7.7.2	Stockholder Approval. To the extent then required by applicable law or any applicable listing agency or required under Sections 162, 422 or 424 of the Code to
preserve the intended tax consequences of this Plan, or deemed necessary or advisable by the Board, any amendment to this Plan shall be subject to stockholder approval, 

 

	 	7.7.3	Amendments to Awards. Without limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator
by agreement or resolution may waive conditions of or limitations on Awards to Participants that the Administrator in the prior exercise of its discretion has imposed, without the consent of a Participant, and (subject to the requirements of
Sections 2.2 and 7.7.4) may make other changes to the terms and conditions of Awards. 

  

	 	7.7.4	Limitations on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding Award Agreement shall, without
written consent of the Participant, affect in any manner materially adverse to the Participant any rights or benefits of the Participant or obligations of the Corporation under any Award granted under this Plan prior to the effective date of such
change. Changes, settlements and other actions contemplated by Section 7.3 shall not be deemed to constitute changes or amendments for purposes of this Section 7.7. 

 

	 	7.8	Privileges of Stock Ownership. Except as otherwise expressly authorized by the Administrator, a Participant will not be entitled to any privilege of stock
ownership as to any shares of Common Stock not actually delivered to and held of record by the Participant. Except as expressly required by Section 7.3.1, no adjustment will be made for dividends or other rights as a stockholder for which a
record date is prior to such date of delivery. 

  

	 	7.9	 Stock-Based Awards in Substitution for Awards Granted by Other Corporation. Awards may be granted to Eligible Persons in substitution for
or in connection with an assumption of employee stock options, stock appreciation rights, restricted stock or other stock-based awards granted by other entities to persons who are or who will become Eligible Persons in respect of the Corporation or
one of its Affiliates, in connection with a distribution, merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Corporation or one of its Affiliates, directly or indirectly, of all or a
substantial part of the stock or assets of the employing entity. The Awards so granted need not comply with other specific terms of this Plan, provided the Awards reflect only adjustments giving effect to the assumption or substitution consistent
with the conversion applicable to the Common Stock in the transaction and any change in the issuer of the security. Any shares that are delivered and any Awards that are granted by, or become obligations of, the Corporation, as a result of the
assumption by the Corporation of, or in substitution for, outstanding awards previously granted by an acquired company (or previously granted by a 

 

 23 

	 	 
predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Corporation or one of its Affiliates in connection with a business or asset
acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for issuance under this Plan. 

 

	 	7.10	Effective Date of the Plan. This Plan is effective upon the Effective Date, subject to approval by the stockholders of the Corporation within twelve
months after the date the Board approves this Plan. 

  

	 	7.11	Term of the Plan. Unless earlier terminated by the Board, this Plan will terminate at the close of business on the day before the 10th anniversary of the
Effective Date. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional Awards may be granted under this Plan, but previously granted Awards (and the authority of the
Administrator with respect thereto, including the authority to amend such Awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan. 

 

	 	7.12	Governing Law/Severability. 

  

	 	7.12.1	Choice of Law. This Plan, the Awards, all documents evidencing Awards and all other related documents will be governed by, and construed in accordance with, the
laws of the state of Delaware. 

  

	 	7.12.2	Severability. If it is determined that any provision of this Plan or an Award Agreement is invalid and unenforceable, the remaining provisions of this Plan
and/or the Award Agreement, as applicable, will continue in effect provided that the essential economic terms of this Plan and the Award can still be enforced. 

 

	 	7.13	Captions. Captions and headings are given to the sections and subsections of this Plan solely as a convenience to facilitate reference. Such
headings will not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof. 

  

	 	7.14	Non-Exclusivity of Plan. Nothing in this Plan will limit or be deemed to limit the authority of the Board or the Administrator to grant awards or
authorize any other compensation, with or without reference to the Common Stock, under any other plan or authority. 

  

	 	7.15	 No Restriction on Corporate Powers. The existence of this Plan, the Award Agreements, and the Awards granted hereunder, shall not limit,
affect or restrict in any way the right or power of the Board or the stockholders of the Corporation to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s or any Affiliate’s
capital structure or its business; (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation or any Affiliate; (c) any issue of bonds, debentures, capital, preferred

  

 24 

	 	 
or prior preference stocks ahead of or affecting the Corporation’s capital stock or the rights thereof; (d) any dissolution or liquidation of the Corporation or any Affiliate;
(e) any sale or transfer of all or any part of the Corporation or any Affiliate’s assets or business; or (f) any other corporate act or proceeding by the Corporation or any Affiliate. No Participant, Beneficiary or any other person
shall have any claim under any Award or Award Agreement against any member of the Board or the Administrator, or the Corporation or any employees, officers or agents of the Corporation or any Affiliate, as a result of any such action.

  

	 	7.16	Other Company Compensation or Benefit Programs. Payments and other benefits received by a Participant under an Award made pursuant to this Plan shall not
be deemed a part of a Participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Corporation or any Affiliate, except where the
Administrator or the Board expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments under any other plans or
arrangements of the Corporation or any Affiliate. 

  

	8.	DEFINITIONS. 

“Administrator” has the meaning given to such term in Section 2.1. 

“Affiliate” means (a) any corporation (other than the Corporation) in an unbroken chain of corporations ending with
the Corporation if, at the time of the determination, each of the corporations other than the Corporation owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain, or (b) any corporation (other than the Corporation) in an unbroken chain of corporations beginning with the Corporation if, at the time of the determination, each of the corporations other than the last corporation
in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

“Award” means an award of any Option or Stock Award, or any combination thereof, whether alternative or cumulative,
authorized by and granted under this Plan. 
 “Award Agreement” means any writing, approved by the
Administrator, setting forth the terms of an Award that has been duly authorized and approved, 
 “Award Date”
means the date upon which the Administrator took the action granting an Award or such later date as the Administrator designates as the Award Date at the time of the grant of the Award. 

“Beneficiary” means the person, persons, trust or trusts designated by a Participant, or, in the absence of a
designation, entitled by will or the laws of descent and distribution, to receive the benefits specified in the Award Agreement and under this Plan if the Participant dies, and means the Participant’s executor or administrator if no other
Beneficiary is designated and able to act under the circumstances. 
  

 25 

 “Board” means the Board of Directors of the Corporation. 

“Change in Control Event” means (A) the closing of the sale, transfer or other disposition of all or substantially
all of the Corporation’s assets, (B) the consummation of the merger or consolidation of the Corporation with or into another entity, (C) the closing of the transfer (whether by merger, consolidation or otherwise), in one transaction
or a series of related transactions, to a person or group of affiliated persons (other than an underwriter of this corporation’s securities), of the Corporation’s securities if, after such closing, such person or group of affiliated
persons would hold 50% or more of the outstanding voting stock of the Corporation, respectively (or the surviving or acquiring entity), (D) a liquidation, dissolution or winding up of the Corporation; provided, however, that a
transaction shall not constitute a Change in Control Event if its sole purpose is to change the state of the Corporation’s incorporation or to create a holding Corporation that will be owned in substantially the same proportions by the persons
who held the Corporation’s securities immediately prior to such transaction, or (E) the first underwritten public offering of the Corporations securities.: 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Common Stock” means the shares of the Corporation’s common stock, par value $0,001 per share, and such other
securities or property as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment made under Section 7.3.1 of this Plan. 

“Corporation” means SafeNet, Inc., a Delaware corporation, and its successors. 

“Effective Date” means the date the Board approved this Plan. 

“Eligible Person” has the meaning given to such term in Section 3 of this Plan. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“Fair Market Value,” for purposes of this Plan and unless otherwise determined or provided by the Administrator in the
circumstances, means as follows: 
  

	 	(a)	If the Common Stock is listed or admitted to trade on the New York Stock Exchange or other national securities exchange (the “Exchange”), the Fair
Market Value shall equal the closing price of a share of Common Stock as repotted on the composite tape for securities on the Exchange for the date in question, or, if no sales of Common Stock were made on the Exchange on that date, the closing
price of a share of Common Stock as reported on said composite tape for the next preceding day on which sales of Common Stock were made on the Exchange. The Administrator may, however, provide with respect to one or more Awards that the Fair Market
Value shall equal the closing price of a share of Common Stock as reported on the composite tape for securities listed on the Exchange on the last trading day preceding the date in question or the average of the high and low trading prices of a
share of Common Stock as reported on the composite tape for securities listed on the Exchange for the date in question or the most recent trading day. 

 

 26 

	 	(b)	If the Common Stock is not listed or admitted to trade on a national securities exchange, the Fair Market Value shall be the value as reasonably determined by the
Administrator for purposes of the Award in the circumstances. 

 The Administrator also may adopt a different
methodology for determining Fair Market Value with respect to one or more Awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular Award(s) (for example, and
without limitation, the Administrator may provide that Fair Market Value for purposes of one or more Awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the
relevant date). 
 Any determination as to Fair Market Value made pursuant to this Plan shall be made without regard to any
restriction other than a restriction which, by its terms, will never lapse, and shall be conclusive and binding on all persons with respect to Awards granted under this Plan. 

“Incentive Stock Option” means an Option that is designated and intended as an “incentive stock option” within
the meaning of Section 422 of the Code, the award of which contains such provisions (including but not limited to the receipt of stockholder approval of this Plan, if the award is made prior to such approval) and is made under such
circumstances and to such persons as may be necessary to comply with that section. 
 “Nonqualified Stock
Option” means an Option that is not an “incentive stock option” within the meaning of Section 422 of the Code and includes any Option designated or intended as a Nonqualified Stock Option and any Option designated or intended
as an Incentive Stock Option that fails to meet the applicable legal requirements thereof. 
 “Option” means an
option to purchase Common Stock granted under Section 5 of this Plan. The Administrator will designate any Option granted to an employee of the Corporation or an Affiliate as a Nonqualified Stock Option or an Incentive Stock Option. 

“Participant” means an Eligible Person who has been granted and holds an Award under this Plan. 

“Personal Representative” means the person or persons who, upon the disability or incompetence of a Participant, has
acquired on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan by virtue of having become the legal representative of the Participant. 

“Plan” means this SafeNet, Inc. Stock Incentive Plan, as it may hereafter be amended from time to time. 

“Public Offering Date” means the date the Common Stock is first registered under the Exchange Act and listed or quoted on
a recognized national securities exchange. 
  

 27 

 “Restricted Shares” or “Restricted Stock” means shares of
Common Stock awarded to a Participant under this Plan, subject to payment of such consideration and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such
transfer and other restrictions as are established in or pursuant to this Plan and the related Award Agreement, to the extent such remain unvested and restricted under the terms of the applicable Award Agreement. 

“Restricted Stock Award” means an award of Restricted Stock. 

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

“Severance Date” with respect to a particular Participant means, unless otherwise provided in the applicable Award
Agreement: 
  

	 	(a)	if the Participant is an Eligible Person under clause (a) of Section 3 and the Participant’s employment by the Corporation or any of its Affiliates
terminates (regardless of the reason), the last day that the Participant is actually employed by the Corporation or such Affiliate (unless, immediately following such termination of employment, the Participant is a member of the Board or, by express
written agreement with the Corporation or any of its Affiliates, continues to provide other services to the Corporation or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the Participant’s Severance
Date shall not be the date of such termination of employment but shall be determined in accordance with clause (b) or (c) below, as applicable, in connection with the termination of the Participant’s other services);

  

	 	(b)	if the Participant is not an Eligible Person under clause (a) of Section 3 but is an Eligible Person under clause (b) thereof, and the Participant ceases
to be a member of the Board (regardless of the reason), the last day that the Participant is actually a member of the Board (unless, immediately following such termination, the Participant is an employee of the Corporation or any of its Affiliates
or, by express written agreement with the Corporation or any of its Affiliates, continues to provide other services to the Corporation or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the
Participant’s Severance Date shall not be the date of such termination but shall be determined in accordance with clause (a) above or (c) below, as applicable, in connection with the termination of the Participant’s employment or
other services); 

  

	 	(c)	if the Participant is not an Eligible Person under clause (a) or clause (b) of Section 3 but is an Eligible Person under clause (c) thereof, and the
Participant ceases to provide services to the Corporation or any of its Affiliates as determined in accordance with Section 7.4.4 (regardless of the reason), the last day that the Participant actually provides services to the Corporation or
such Affiliate as an Eligible Person under clause (c) of Section 3 (unless, immediately following such termination, the Participant is an employee of the Corporation or any of its Affiliates or is a member of the Board, in which case the
Participant’s Severance Date shall not be the date of such termination of services but shall be determined in accordance with clause (a) or (b) above, as applicable, in connection with the termination of the Participant’s
employment or membership on the Board). 

  

 28 

 “Stock Award” means an award of shares of Common Stock under Section 6
of this Plan. A Stock Award may be a Restricted Stock Award or an award of unrestricted shares of Common Stock, 
 “Total
Disability” means a “total and permanent disability” within the meaning of Section 22(e)(3) of the Code and, with respect to Awards other than Incentive Stock Options, such other disabilities, infirmities, afflictions, or
conditions as the Administrator may include. 
  

 29

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]