Document:

Exhibit

Exhibit 10.1

NOTICE OF
RESTRICTED STOCK UNIT AWARD

BUFFALO WILD WINGS, INC.
2012 EQUITY INCENTIVE PLAN

	
		
	Name of Participant:

	Number of Units:
	Grant Date:     June 2, 2017   

	Restriction Period:   Grant Date through June 30, 2019

	Vesting Schedule:      Date                      Number of Units That Vest
                               July 1, 2018   
                               June 30, 2019   
   

This Notice (the “Notice”), dated and effective as of the Grant Date specified above, is between Buffalo Wild Wings, Inc., a Minnesota corporation (the “Company”), and the Participant identified above. 

Background

A.    Participant on the date hereof is an employee of the Company or a Subsidiary of the Company.

B.    The Company wishes to grant a restricted stock unit award to Participant payable in shares of the Company’s common stock pursuant to the Company’s 2012 Equity Incentive Plan (the “Plan”).

C.    The Company’s Compensation Committee, as administrator of the Plan, has determined that the Participant is eligible to receive such an award and hereby grants an award to the Participant on the terms and conditions that follow.

Terms and Conditions*

1.    Grant of Restricted Stock Units.  The Company hereby grants to Participant on the Grant Date that number of restricted stock units (“Units”) equal to the “Number of Units” specified in the table above on the terms and conditions set forth in this Notice and as otherwise provided in the Plan (the “Award”).  Each Unit that vests will entitle the Participant to receive one Share of the Company’s Stock.  

2.    Nature of Units.  The Units granted pursuant to this Award are bookkeeping entries only and do not provide the Participant with any dividend, voting or other rights of a stockholder of the Company.  The Units shall remain forfeitable at all times unless and to the extent the vesting conditions set forth in Section 3 of this Notice are satisfied.  Neither this Award nor the Units may be sold, transferred, assigned, encumbered or otherwise disposed 

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of, voluntarily or involuntarily, except by will or the laws of descent and distribution in the event of the Participant’s death.  Any attempt to otherwise transfer the Units or this Award shall be void and without effect.

3.    Vesting of Restricted Stock Units.  For purposes of this Notice, “Vesting Date” means any date, including the dates specified in the Vesting Schedule in the table on the first page of this Agreement (the “Scheduled Vesting Dates”), on which Units subject to this Award vest as provided in this Section 3.

(a)    General.  Except as otherwise provided in Paragraphs 3(b) and 3(c), the Units subject to this Award shall vest on the Scheduled Vesting Dates. 

(b)    Termination of Employment.  Except as otherwise provided in this Paragraph 3(b) and in Paragraph 3(c), if the Participant’s employment with the Company and all of its Affiliates ceases at any time during the Restriction Period, this Award shall terminate and all unvested Units subject to this Award shall be forfeited by Participant.  If, however, the Participant’s employment with the Company and all of its Affiliates ends due to death or Disability, then a pro rata portion (based on the number of full fiscal months during which the Participant was actively employed since the most recent Scheduled Vesting Date (or since the Grant Date if there was no previous Scheduled Vesting Date) as a percentage of twelve) of the number of Units that would have vested on the next Scheduled Vesting Date if the Participant’s employment had continued shall vest on the next Scheduled Vesting Date.  If, however, the Participant’s employment with the Company and all of its Affiliates is terminated by the Participant’s employer without Cause, or is terminated by the Participant for Good Reason (as defined in Paragraph 5(b) below), then all of the unvested Units subject to this Award shall immediately vest as of the date the Participant’s employment terminates.  If, however, the Participant’s employment with the Company and all of its Affiliates ends due to Retirement (as defined in Paragraph 5(c) below) after the first Scheduled Vesting Date, and such Retirement is not attributable to one of the termination events specified in either of the two immediately preceding sentences, the unvested Units scheduled to vest on the second Scheduled Vesting Date will immediately vest as of the date of such Retirement. 

(c)    Change in Control.  If a Change in Control (as defined in Paragraph 5(a) below) occurs and the Participant holds Units subject to this Agreement at the time, then one of the following shall occur:

                             (1)    If, pending the Change in Control, the Committee determines that this Award will not continue after the Change in Control or that the successor entity (or its Parent) will not agree to provide for the assumption or replacement of this Award with a comparable equity-based award covering shares of the successor entity (or its Parent) that preserves the intrinsic value of this Award existing at the time of the Change in Control and is subject to substantially similar terms and conditions as this Award, then the unvested Units subject to this Award shall vest and be settled at or immediately prior to the effective time of the Change in Control.  

(2)    If, in connection with the Change in Control, subparagraph 3(c)(1) is not applicable and this Award is continued, assumed or replaced in the manner described in subparagraph 3(c)(1), and if within one year after that Change in Control the Participant’s employment with the Company and all of its Affiliates (or with any successor entity) is terminated by the employer for reasons other than Cause, or is terminated by the Participant for Good 

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Reason, then the unvested Units subject to this Award shall immediately vest and be settled within 30 days after the date of the Participant’s termination of employment.  

4.    Settlement of Units.  Except as otherwise provided in Paragraph 3(c), and subject to Section 17(g) of the Plan to the extent this Award provides for a deferral of compensation subject to Code Section 409A, as soon as practicable after the Vesting Date, but no later than 75 days after the Vesting Date (and if such 75 day period would extend beyond the end of the taxable year in which the Vesting Date occurs, the Participant will not be permitted to designate the taxable year in which such settlement occurs), the Company shall cause to be issued to the Participant (or his or her beneficiary or personal representative) one Share of Stock in payment and settlement of each vested Unit.  The Company may withhold from the number of such Shares to be delivered in settlement of the Units any Shares required for the payment of withholding taxes as provided in Paragraph 6(e) below. 

5.    Definitions. 

(a)    Change in Control.  “Change in Control” means one of the following: 

(1)    An Exchange Act Person becomes the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company representing 30% or more of the combined voting power of the Company’s then outstanding Voting Securities, except that the following will not constitute a Change in Control:

(A)    any acquisition of securities of the Company by an Exchange Act Person from the Company for the purpose of providing financing to the Company;

(B)    any formation of a Group consisting solely of beneficial owners of the Company's Voting Securities as of the effective date of this Plan; 

(C)    any repurchase or other acquisition by the Company of its Voting Securities that causes any Exchange Act Person to become the beneficial owner of 30% or more of the Company’s Voting Securities; or

(D)    with respect to the Participant, any acquisition of securities of the Company by the Participant, any Group including the Participant, or any entity controlled by the Participant or a Group including the Participant.

If, however, an Exchange Act Person or Group referenced in clause (A), (B) or (C) above acquires beneficial ownership of additional Company Voting Securities after initially becoming the beneficial owner of 30% or more of the combined voting power of the Company’s Voting Securities by one of the means described in those clauses, then a Change in Control will be deemed to have occurred.  

(2)    Individuals who are Continuing Directors cease for any reason to constitute a majority of the members of the Board.  A “Continuing Director” means an individual (i) who is, as of June 1, 2017, a director of the Company, or (ii) who becomes a director of the Company after that date and whose initial election, or nomination for election by the Company’s shareholders, was approved by at least a majority of the then Continuing Directors, but excluding, for purposes of this clause (ii), an individual whose initial assumption of office occurs as a result of an actual or threatened proxy contest relating to the election of directors.

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(3)    A Corporate Transaction is consummated, unless, immediately following such Corporate Transaction, all or substantially all of the individuals and entities who were the beneficial owners of the Company's Voting Securities immediately prior to such Corporate Transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the then outstanding Voting Securities of the surviving or acquiring entity resulting from such Corporate Transaction (including beneficial ownership through any Parent of such entity) in substantially the same proportions as their ownership, immediately prior to such Corporate Transaction, of the Company's Voting Securities.  A “Corporate Transaction” means (i) a sale or other disposition of all or substantially all of the assets of the Company, or (ii) a merger, consolidation, share exchange or similar transaction involving the Company, regardless of whether the Company is the surviving corporation.  

(4)    The Company’s shareholders approve a complete liquidation or dissolution of the Company.

Notwithstanding the foregoing, if and to the extent that this Award constitutes a deferral of compensation subject to Code Section 409A and provides for a change in the time or form of payment upon a Change in Control, then no Change in Control shall be deemed to have occurred for purposes of effecting such a change in the time or form of payment upon an event described in this Paragraph 5(a) unless the event would also constitute a change in ownership or effective control of, or a change in the ownership of a substantial portion of the assets of, the Company under Code Section 409A.  
(b)    Good Reason.  “Good Reason” means any of the following conditions arising without the consent of Participant, provided that Participant has first given written notice to the Company of the existence of the condition within 90 days of its first occurrence, and the Company has failed to remedy the condition within 30 days thereafter:

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

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

(3)    relocation of Participant’s principal office more than 50 miles from its current location; or

(4)    any other action or inaction that constitutes a material breach by the Company of any terms or conditions of any agreement between the Company and the Participant, which breach has not been caused by Participant.

(c)    Retirement.  “Retirement” is defined as a termination of employment with the Company and its Affiliates other than for Cause at a time when the Participant is at least 55 years old and has worked for the Company for at least 10 years.  

6.    General Provisions.

(a)    Employment.  Neither this Notice nor the Award shall confer on Participant any right with respect to continuance of employment by the Company or any of its Affiliates, nor will it interfere in any way with the right of the Company or any Affiliate to terminate 

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such employment.  Nothing in this Notice shall be construed as creating an employment contract for any specified term between Participant and the Company or any Affiliate.   

(b)    Securities Law Compliance.  No Shares of Stock issuable pursuant to this Award shall be issued and delivered unless the issuance of the Shares complies with all applicable legal requirements, including compliance with the provisions of applicable state securities laws, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the requirements of the exchanges on which the Company’s Stock may, at the time, be listed.

(c)    Changes in Capitalization.  Pursuant and subject to Section 12 of the Plan, certain changes in the number of Shares or character of the Stock of the Company (through merger, consolidation, exchange, reorganization, divestiture (including a spin-off), liquidation, recapitalization, stock split, stock dividend or otherwise) shall result in an equitable adjustment by the Committee to avoid dilution or enlargement of Participant’s rights with respect to any Units subject to this Award which have not yet been settled.

(d)    Shares Reserved.  The Company shall at all times during the term of this Award reserve and keep available such number of Shares of Stock as will be sufficient to satisfy the requirements of this Award.

(e)    Withholding Taxes.  The Company shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to the Participant an amount sufficient to cover any required withholding taxes in connection with the settlement of Units subject to this Award, and (ii) require the Participant or other person receiving Shares of Stock under this Award to pay a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares.  In lieu of all or any part of a cash payment from the Participant as provided above, the Participant may elect to cover the required withholding taxes (not to exceed the maximum individual statutory tax rate in any applicable jurisdiction) through a reduction in the number of Shares delivered to Participant, valued in the same manner as used in computing the withholding taxes under applicable laws.   

(f)    2012 Equity Incentive Plan.  The Award evidenced by this Notice is granted pursuant to the Plan, a copy of which Plan has been made available to Participant and is hereby incorporated into this Notice.  This Notice is subject to and in all respects limited and conditioned as provided in the Plan.  The Plan governs this Notice and, in the event of any questions as to the construction of this Notice or in the event of a conflict between the Plan and this Notice, the Plan shall govern, except as the Plan otherwise provides.

(g)    Scope of Notice.  This Notice shall bind and inure to the benefit of the Company, its Affiliates and their successors and assigns, and shall bind and inure to the benefit of Participant and any successor or successors of Participant permitted herein.   This Award is expressly subject to all terms and conditions contained in the Plan and in this Notice, and Participant shall comply with all such terms and conditions.

(h)    Arbitration.  Any dispute arising out of or relating to this Notice or the alleged breach of it, or the making of this Notice, including claims of fraud in the inducement, shall be discussed between the disputing parties in a good faith effort to arrive at a mutual settlement of any such controversy.  If, notwithstanding, such dispute cannot be resolved, such dispute shall be settled by binding arbitration.  Judgment upon the award rendered by the 

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arbitrator may be entered in any court having jurisdiction thereof.  The arbitrator shall be a retired state or federal judge or an attorney who has practiced securities or business litigation for at least 10 years.  If the parties cannot agree on an arbitrator within 20 days, any party may request that the chief judge of the District Court of Hennepin County, Minnesota, select an arbitrator.  Arbitration will be conducted pursuant to the provisions of this Notice, and the commercial arbitration rules of the American Arbitration Association, unless such rules are inconsistent with the provisions of this Notice.  Limited civil discovery shall be permitted for the production of documents and taking of depositions.  Unresolved discovery disputes may be brought to the attention of the arbitrator who may dispose of such dispute. The arbitrator shall have the authority to award any remedy or relief that a court of the state of Minnesota could order or grant; provided, however, that punitive or exemplary damages shall not be awarded.  The arbitrator may award to the prevailing party, if any, as determined by the arbitrator, all of its costs and fees, including the arbitrator’s fees, administrative fees, travel expenses, out-of-pocket expenses and reasonable attorneys’ fees.  Unless otherwise agreed by the parties, the place of any arbitration proceedings shall be Hennepin County, Minnesota.

(i)    Choice of Law.  This Notice is subject to the laws of the State of Minnesota and shall be construed and interpreted thereunder (without regard to its conflicts of laws principles).
(j)    Code Section 409A. To the extent any provision of this Notice does not satisfy the requirements of Code Section 409A or any regulations or other guidance issued by the Treasury Department or the Internal Revenue Service under Code Section 409A, such provision will be applied in a manner consistent with such requirements, regulations or guidance, notwithstanding any provision of the Notice to the contrary, and to the extent not prohibited by Code Section 409A, the provisions of the Notice and the rights of Participants and their beneficiaries hereunder shall be deemed to have been modified accordingly.  
Buffalo Wild Wings, Inc.

By: 

Sally J. Smith
Chief Executive Officer and President

Restricted Stock Unit Award        Page 6 of 6Alphabet Inc. 2012 Stock Plan

 Exhibit 10.01 

ALPHABET INC. 
 2012
STOCK PLAN 
  

	1.	 Purpose of the Plan 

This Plan is intended to promote the interests of the Company and its stockholders by providing the employees and consultants of the Company
and members of the Board of Directors with incentives and rewards to encourage them to continue in the service of the Company and with a proprietary interest in pursuing the long-term growth, profitability and financial success of the Company. 

 

	2.	 Definitions 

As used in the Plan or in any instrument governing the terms of any Incentive Award, the following definitions apply to the terms indicated
below: 
  

	 	(a)	 “Alphabet” means Alphabet Inc., a Delaware corporation. 

 

	 	(b)	 “Award” means any cash-based or stock-based award granted by the Committee to members of the Board
of the Directors who are not employees of the Company in accordance with Section 3(b) below. Stock-based Awards may be in the form of any of the following, in each case in respect of Capital Stock: (a) Options, (b) stock appreciation
rights, (c) restricted shares, (d) restricted stock units, (e) dividend equivalent rights and (f) other equity-based or equity-related Awards (including, without limitation, the grant or offer for sale of unrestricted shares of
Capital Stock) that the Committee determines to be consistent with the purposes of the Plan and the interests of the Company. Cash-based awards may be in the form of (a) retainers, (b) meeting-based fees or (c) any other cash award
that the Committee determines to be consistent with the purposes of the Plan and the interests of the Company. 

  

	 	(c)	 “Board of Directors” means the Board of Directors of Alphabet. 

 

	 	(d)	 “Capital Stock” means Alphabet’s Class C Capital Stock, $0.001 par value per share, or any
other security into which such capital stock shall be changed as contemplated by the adjustment provisions of Section 10 of the Plan. 

  

	 	(e)	 “Cash Incentive Award” means an award granted pursuant to Section 8 of the Plan.

  

	 	(f)	 “Code” means the Internal Revenue Code of 1986, as amended from time to time, and all regulations,
interpretations and administrative guidance issued thereunder. 

  

	 	(g)	 “Committee” means the Leadership Development and Compensation Committee of the Board of Directors or
such other committee as the Board of Directors shall appoint from time to time to administer the Plan and to otherwise exercise and perform the authority and functions assigned to the Committee under the terms of the Plan. 

 

	 	(h)	 “Company” means Alphabet and all of its Subsidiaries, collectively. 

 

	 	(i)	 “Covered Employee” means each Participant who is an executive officer (within the meaning of Rule
3b-7 under the Exchange Act) of Alphabet. 

  

	 	(j)	 “Deferred Compensation Plan” means any plan, agreement or arrangement maintained by the Company from
time to time that provides opportunities for deferral of compensation. 

  

	 	(k)	 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

 

	 	(l)	 “Fair Market Value” means, with respect to a share of Capital Stock, as of the applicable date of
determination (i) the closing sales price on the date of determination or, if not so reported for such day, the immediately preceding business day of a share of Capital Stock as reported on the principal securities exchange on which shares of
Capital Stock are then listed or admitted to trading or (ii) if not so reported, the closing bid price on the date of determination or, if not so reported for such day, on the immediately preceding business day as reported on The NASDAQ Stock
Market or (iii) if not so reported, as furnished by any member of the Financial Industry Regulatory Authority, Inc. selected by the Committee. In the event that the price of a share of Capital Stock shall not be so reported, the Fair Market
Value of a share of Capital Stock shall be determined by the Committee in its sole discretion. Notwithstanding the preceding, for federal, state and local income tax reporting purposes and for such other purposes as the Committee deems appropriate,
the Fair Market Value shall be determined by the Committee in accordance with uniform and nondiscriminatory standards adopted by it from time to time. 

	 	(m)	 “Incentive Award” means one or more Awards, Stock Incentive Awards and Cash Incentive Awards,
collectively. 

  

	 	(n)	 “Incentive Award Transfer Program” means any program instituted by the Board of Directors or the
Committee which would permit Participants the opportunity to transfer any outstanding Incentive Awards to a financial institution or other Person selected by the Board of Directors or the Committee. 

 

	 	(o)	 “ISO” shall mean any Option, or portion thereof, awarded to a Participant pursuant to the Plan which
is designated by the Committee as an incentive stock option and also meets the applicable requirements of an incentive stock option pursuant to Section 422 of the Code. 

 

	 	(p)	 “Option” means a stock option to purchase shares of Capital Stock granted to a Participant pursuant
to Section 6 of the Plan. 

  

	 	(q)	 “Other Stock-Based Award” means an award granted to a Participant pursuant to Section 7 of the
Plan. 

  

	 	(r)	 “Participant” means an employee or consultant of the Company or a member of the Board of Directors
who is eligible to participate in the Plan pursuant to the terms and conditions hereof and to whom one or more Incentive Awards have been granted pursuant to the Plan and have not been fully settled or cancelled and, following the death of any such
Person, his successors, heirs, executors and administrators, as the case may be. 

  

	 	(s)	 “Performance-Based Compensation” means compensation that satisfies the requirements of
Section 162(m) of the Code for deductibility of “qualified performance-based compensation.” 

  

	 	(t)	 “Performance Measures” means such measures as are described in Section 9 of the Plan on which
performance goals are based in order to qualify certain awards granted hereunder as Performance-Based Compensation. 

  

	 	(u)	 “Performance Percentage” means the factor determined pursuant to a Performance Schedule that is to
be applied to a Target Award and that reflects actual performance compared to the Performance Target. 

  

	 	(v)	 “Performance Period” means the period of time during which Performance Targets must be met in order
to determine the degree of payout and/or vesting with respect to an Incentive Award that is intended to qualify as Performance-Based Compensation. Performance Periods may be overlapping. 

 

	 	(w)	 “Performance Schedule” means a schedule or other objective method for determining the applicable
Performance Percentage to be applied to each Target Award. 

  

	 	(x)	 “Performance Target” means performance goals and objectives with respect to a Performance Period.

  

	 	(y)	 “Person” means a “person” as such term is used in Section 13(d) and 14(d) of the
Exchange Act, including any “group” within the meaning of Section 13(d)(3) under the Exchange Act. 

  

	 	(z)	 “Plan” means this 2012 Stock Plan, as it may be amended from time to time. 

 

	 	(aa)	 “Securities Act” means the Securities Act of 1933, as amended. 

 

	 	(bb)	 “Stock Incentive Award” means an Option or Other Stock-Based Award granted pursuant to the terms of
the Plan. 

  

	 	(cc)	 “Subsidiary” means any “subsidiary” within the meaning of Rule 405 under the Securities
Act. 

  

	 	(dd)	 “Target Award” means target payout amount for an Incentive Award. 

	3.	 Stock Subject to the Plan and Limitations on Cash Incentive Awards 

 

	 	(a)	 Stock Subject to the Plan 

The maximum number of shares of Capital Stock that may be covered by Incentive Awards granted under the Plan shall not exceed
73,500,000 shares of Capital Stock in the aggregate. The maximum number of shares of Capital Stock that may be covered by Incentive Awards granted under the Plan that are intended to be ISOs shall not exceed 73,500,000 shares of Capital Stock in the
aggregate. The shares referred to in the preceding sentences of this paragraph shall be subject to adjustment as provided in Section 10 and the following provisions of this Section 3. Shares of Capital Stock issued under the Plan may be
either authorized and unissued shares or treasury shares, or both, at the sole discretion of the Committee. 
 For purposes
of the preceding paragraph, shares of Capital Stock covered by Incentive Awards shall only be counted as used to the extent they are actually issued and delivered to a Participant (or such Participant’s permitted transferees as described in the
Plan) pursuant to the Plan. For purposes of clarification, in accordance with the preceding sentence if an Incentive Award is settled for cash or if shares of Capital Stock are withheld to pay the exercise price of an Option or to satisfy any tax
withholding requirement in connection with an Incentive Award, only the shares issued (if any), net of the shares withheld, will be deemed delivered for purposes of determining the number of shares of Capital Stock that are available for delivery
under the Plan. In addition, shares of Capital Stock related to Incentive Awards that expire, are forfeited or cancelled or terminate for any reason without the issuance of shares shall not be treated as issued pursuant to the Plan. In addition, if
shares of Capital Stock owned by a Participant (or such Participant’s permitted transferees as described in the Plan) are tendered (either actually or through attestation) to the Company in payment of any obligation in connection with an
Incentive Award, the number of shares tendered shall be added to the number of shares of Capital Stock that are available for delivery under the Plan. Shares of Capital Stock covered by Incentive Awards granted pursuant to the Plan in connection
with the conversion, replacement, or adjustment of outstanding equity-based awards to reflect a merger or acquisition (within the meaning of NASDAQ Listing Rule 5635(c) and Interpretive Material 5635-1) shall not count as used under the Plan for
purposes of this Section 3. Notwithstanding anything to the contrary herein, shares of Capital Stock attributable to Incentive Awards transferred under any Incentive Award Transfer Program shall not again be available for delivery under the
Plan. 
  

	 	(b)	 Non-Employee Director Awards 

In order to retain and compensate the non-employee members of the Board of Directors for their services, and to strengthen the
alignment of their interests with those of the stockholders of the Company, the Plan permits the grant of cash-based and stock-based Awards to any non-employee member of the Board of Directors. Aggregate Awards granted to any non-employee member of
the Board of Directors in respect of any calendar year, solely with respect to his or her service as a non-employee member of the Board of Directors, may not exceed $1,500,000 based on the aggregate value of cash-based Awards and the Fair Market
Value of any stock-based Awards, in each case determined as of the date of grant. The Board of Directors will reassess this cap at least once every five years. Non-employee members of the Board of Directors shall not be eligible to receive any
Incentive Awards other than Awards. 
  

	 	(c)	 Performance-Based Compensation Limits 

Subject to adjustment as provided in Section 10, the maximum number of shares of Capital Stock that may be covered by
Incentive Awards intended to qualify as Performance-Based Compensation that are granted to any Covered Employee in any calendar year shall not exceed 1,000,000 shares. The amount payable to any Covered Employee with respect to any calendar year for
all Cash Incentive Awards shall not exceed $100 million. For purposes of the preceding sentence, the phrase “amount payable with respect to any calendar year” means the amount of cash, or value of other property, required to be paid
based on the achievement of applicable Performance Measures during a Performance Period that ends in a calendar year, disregarding any deferral pursuant to the terms of a Deferred Compensation Plan unless the terms of the deferral are intended to
comply with the requirements for performance-based compensation under Section 162(m) of the Code. 

	4.	 Administration of the Plan 

The Plan shall be administered by a Committee of the Board of Directors consisting of two or more persons, each of whom qualifies as a
“non-employee director” (within the meaning of Rule 16b-3 promulgated under Section 16 of the Exchange Act), an “outside director” within the meaning of Treasury Regulation Section 1.162-27(e)(3) and as
“independent” within the meaning of any applicable stock exchange listing rules or similar regulatory authority. The Committee shall, consistent with the terms of the Plan, from time to time designate those employees and consultants of the
Company and members of the Board of Directors who shall be granted Incentive Awards under the Plan and the amount, type and other terms and conditions of such Incentive Awards. All of the powers and responsibilities of the Committee under the Plan
may be delegated by the Committee to any subcommittee thereof. In addition, the Committee may from time to time authorize a subcommittee consisting of one or more members of the Board of Directors (including members who are employees of the Company)
or employees of the Company to grant Incentive Awards, subject to such restrictions and limitation as the Committee may specify and to the requirements of Delaware General Corporation Law Section 157. 

The Committee shall have full discretionary authority to administer the Plan, including discretionary authority to interpret and construe any
and all provisions of the Plan and the terms of any Incentive Award (and any agreement evidencing the grant of any Incentive Award) granted thereunder and to adopt and amend from time to time such rules and regulations for the administration of
the Plan as the Committee may deem necessary or appropriate. The Committee shall have the authority, in its discretion, to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations related to sub-plans
established for the purpose of satisfying applicable foreign laws and/or qualifying for preferred tax treatment under applicable foreign tax laws. For purposes of clarity, the Committee may exercise all discretion granted to it under the Plan in a
non-uniform manner among Participants. 
 Without limiting the generality of the foregoing paragraph, the Committee shall determine whether
an authorized leave of absence, or absence in military or government service, shall constitute termination of employment, provided that a Participant who is an employee will not be deemed to cease employment in the case of any leave of absence
approved by the Company. Unless the Committee provides otherwise in the agreement evidencing the grant of an Incentive Award, vesting of Incentive Awards granted hereunder will be suspended during any unpaid leave of absence and will resume on the
date the Participant returns to work on a regular schedule as determined by the Company, it being understood that no vesting credit will be awarded for the time vesting has been suspended during such leave of absence. For purposes of ISOs, no such
leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three months
following the 91st day of such leave any ISO held by the Participant will cease to be treated as an ISO and will be treated for tax purposes as a non-qualified Option. The provisions of this
paragraph shall be administered and interpreted in a manner that does not give rise to any tax under Section 409A of the Code. 
 The
employment of a Participant with the Company shall be deemed to have terminated for all purposes of the Plan if such Participant is employed by or provides services to a Person that is a Subsidiary of the Company and such Person ceases to be a
Subsidiary of the Company, unless the Committee determines otherwise. The Committee may, without limitation and in its discretion, in connection with any such determination, provide for the accelerated vesting of any Incentive Award upon or after
such cessation, subject to such terms and conditions as the Committee shall specify. The employment of a Participant with the Company shall not be deemed to have terminated for any purpose of the Plan if such Participant is employed by a Person that
is part of the Company, and such Participant’s employment is subsequently transferred to any other Person that is part of the Company, unless and to the extent the Committee specifies otherwise in writing in the instrument evidencing the grant
of an Incentive Award or otherwise. A Participant who ceases to be an employee of the Company but continues, or simultaneously commences, services as a consultant or director of the Company shall not be deemed to have had a termination of employment
for purposes of the Plan, unless the Committee determines otherwise. Decisions of the Committee shall be final, binding and conclusive on all parties. All discretion granted to the Committee pursuant to this paragraph must be exercised in a manner
that would not cause any tax to become due under Section 409A of the Code. 
 On or after the date of grant of an Incentive Award under
the Plan, the Committee may (i) accelerate the date on which any such Incentive Award becomes vested, exercisable or transferable, as the case may be, (ii) extend the term of any such Incentive Award, including, without limitation,
extending the period following 

 
a termination of a Participant’s employment during which any such Incentive Award may remain outstanding, (iii) waive any conditions to the vesting, exercisability or transferability, as the
case may be, of any such Incentive Award, or (iv) provide for the payment of dividends or dividend equivalents with respect to any such Incentive Award; provided, that the Committee shall not have any such authority to the extent that the
grant of such authority would cause any tax to become due under Section 409A of the Code. 
 The Board of Directors or the Committee
may, at any time, in its sole and complete discretion, implement an Incentive Award Transfer Program. 
 The Company shall pay any amount
payable with respect to an Incentive Award in accordance with the terms of such Incentive Award, provided that the Committee may, in its discretion, defer the payment of amounts payable with respect to an Incentive Award subject to and in accordance
with the terms of a Deferred Compensation Plan. 
  

	5.	 Eligibility 

The Persons who shall be eligible to be selected by the Committee from time to time to receive Incentive Awards pursuant to the Plan shall be
those Persons (a) who are employees and consultants of, or who render services directly or indirectly to, the Company or (b) who are members of the Board of Directors. Each Incentive Award granted under the Plan shall be evidenced by an instrument
in writing in form and substance approved by the Committee. 
  

	6.	 Options 

The Committee may from time to time grant Options, subject to the following terms and conditions: 

 

	 	(a)	 Exercise Price 

The exercise price per share of Capital Stock covered by any Option shall be not less than 100% of the Fair Market Value of a
share of Capital Stock on the date on which such Option is granted. 
  

	 	(b)	 Term and Exercise of Options 

 

	 	(i)	 Each Option shall become vested and exercisable on such date or dates, during such period and for such number
of shares of Capital Stock as shall be determined by the Committee on or after the date such Option is granted and set forth in the agreement evidencing the grant of such Option; provided, however that no Option shall be exercisable
after the expiration of ten (10) years from the date such Option is granted; and, provided, further, that each Option shall be subject to earlier termination, expiration or cancellation as provided in the Plan or in the agreement
evidencing the grant of such Option. 

  

	 	(ii)	 Each Option may be exercised in whole or in part; provided, however that no partial exercise of
an Option shall be for an aggregate exercise price of less than $1,000. The partial exercise of an Option shall not cause the expiration, termination or cancellation of the remaining portion thereof. 

 

	 	(iii)	 An Option shall be exercised by such methods and procedures as the Committee determines from time to time,
including without limitation through net physical settlement or other method of cashless exercise. 

  

	 	(iv)	 Options may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than
by will or by the laws of descent or distribution and may be exercised, during the lifetime of a Participant, only by the Participant; provided, however that the Committee may permit in its discretion Options to be sold, pledged, assigned,
hypothecated, transferred, or disposed of, on a general or specific basis, subject to such conditions and limitations as the Committee may determine, including through the implementation of an Incentive Award Transfer Program. 

 

	 	(c)	 Effect of Termination of Employment or Other Relationship 

The agreement evidencing the grant of each Option shall specify the consequences with respect to such Option of the termination
of the employment or other service between the Company and the Participant holding the Option. 

	 	(d)	 Additional Terms for ISOs 

Each Option that is intended to qualify as an ISO shall be designated as such in the agreement evidencing its grant, and each
agreement evidencing the grant of an Option that does not include any such designation shall be deemed to be a non-qualified Option. ISOs may only be granted to Persons who are employees of the Company. The aggregate Fair Market Value (determined as
of the date of grant of the ISOs) of the number of shares of Capital Stock with respect to which ISOs are exercisable for the first time by any Participant during any calendar year under all plans of the Company shall not exceed $100,000, or such
other maximum amount as is then applicable under Section 422 of the Code. Any Option or a portion thereof that is designated as an ISO that for any reason fails to meet the requirements of an ISO shall be treated hereunder as a non-qualified
Option. No ISO may be granted to a Person who, at the time of the proposed grant, owns (or is deemed to own under the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of common stock of the Company
unless (i) the exercise price of such ISO is at least one hundred ten percent (110%) of the Fair Market Value of a share of Capital Stock at the time such ISO is granted and (ii) such ISO is not exercisable after the expiration of five years from
the date it is granted. 
  

	 	(e)	 Repricing 

Notwithstanding anything to the contrary herein, Alphabet may reprice any Option without the approval of the stockholders of
Alphabet. For this purpose, “reprice” means (i) any of the following or any other action that has the same effect: (A) lowering the exercise price of an Option after it is granted, (B) any other action that is treated as a repricing under
U.S. generally accepted accounting principles (“GAAP”), or (C) cancelling an Option at a time when its exercise price exceeds the Fair Market Value of the underlying Capital Stock, in exchange for another Option, restricted stock or
other equity, unless the cancellation and exchange occurs in connection with a merger, acquisition, spin-off or other similar corporate transaction; and (ii) any other action that is considered to be a repricing under formal or informal guidance
issued by The NASDAQ Stock Market. 
  

	7.	 Other Stock-Based Awards 

The Committee may grant equity-based or equity-related awards not otherwise described herein in such amounts and subject to such terms and
conditions as the Committee shall determine. Without limiting the generality of the preceding sentence, each such Other Stock-Based Award may (a) involve the transfer of actual shares of Capital Stock to Participants, either at the time of grant or
thereafter, or payment in cash or otherwise of amounts based on the value of shares of Capital Stock, (b) be subject to performance-based and/or service-based conditions, (c) be in the form of stock appreciation rights, phantom stock, restricted
stock, restricted stock units, performance shares, deferred share units or share-denominated performance units, (d) be designed to comply with applicable laws of jurisdictions other than the United States and (e) be designed to qualify as
Performance-Based Compensation; provided, that each Other Stock-Based Award shall be denominated in, or shall have a value determined by reference to, a number of shares of Capital Stock that is specified at the time of the grant of such award. 

 

	8.	 Cash Incentive Awards 

The Committee may grant Cash Incentive Awards with respect to any Performance Period, subject to terms and conditions determined by the
Committee in its sole discretion, provided that such terms and conditions are consistent with the terms and conditions of the Plan. Cash Incentive Awards may be settled in cash or in other property, including shares of Capital Stock, provided that
the term “Cash Incentive Award” shall exclude any Stock Incentive Award. Cash Incentive Awards shall be designed to qualify as Performance-Based Compensation. 
  

	9.	 Performance-Based Compensation  

 

	 	(a)	 Calculation 

The amount payable with respect to an Incentive Award that is intended to qualify as Performance-Based Compensation shall be
determined in any manner permitted by Section 162(m) of the Code. 

	 	(b)	 Discretionary Reduction 

Unless otherwise specified in the agreement evidencing the grant of an Incentive Award that is intended to qualify as
Performance-Based Compensation, the Committee may, in its discretion, reduce or eliminate the amount payable to any Participant with respect to the Incentive Award, based on such factors as the Committee may deem relevant, but the Committee may not
increase any such amount above the amount established in accordance with the relevant Performance Schedule. For purposes of clarity, the Committee may exercise the discretion provided by the foregoing sentence in a non-uniform manner among
Participants. 
  

	 	(c)	 Performance Measures 

The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation
rights) that is intended to qualify as Performance-Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before
or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to
operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested capital, return on sales, stockholder returns, economic value added, cash value added, earnings or net earnings (before or
after interest, taxes, depreciation and amortization), earnings from continuing operations, operating earnings, controllable profits, sales or revenues, sales growth, new orders, capital or investment, ratio of debt to debt plus equity, ratio of
operating earnings to capital spending, new product innovation, product release schedules or ship targets, market share, cost reduction goals, inventory or supply chain management initiatives, budget comparisons, implementation or completion of
specified projects or processes, customer satisfaction MBOs (management by objectives), productivity, expense, margins, operating efficiency, working capital, the formation of joint ventures, research or development collaborations, or the completion
of other transactions, any other measure of financial performance that can be determined pursuant to GAAP, or any combination of any of the foregoing. 

A Performance Measure (i) may relate to the performance of the Participant, Alphabet, a Subsidiary of Alphabet, the Company,
any business group, business unit or other subdivision of the Company, or any combination of the foregoing, as the Committee deems appropriate and (ii) may be expressed as an amount, as an increase or decrease over a specified period, as a relative
comparison to the performance of a group of comparator companies or a published or special index, or any other external measure of the selected performance criteria, as the Committee deems appropriate. The measurement of any Performance Measure may
exclude the impact of unusual, non-recurring or extraordinary items or expenses; items relating to financing activities; charges for restructurings or productivity initiatives; other non-operating items; discontinued operations; items related to the
disposal of a business or segment of a business; the cumulative effect of changes in accounting treatment; items related to a change in accounting principle; items related to changes in applicable laws or business conditions; any impact of
impairment of tangible or intangible assets; any impact of the issuance or repurchase of equity securities and or other changes in the number of outstanding shares of any class of Alphabet equity securities; any gain, loss, income or expense
attributable to acquisitions or dispositions of stock or assets; items attributable to the business operations of any entity acquired by Alphabet during a Performance Period; stock-based compensation expense; in-process research and development
expense; future contributions to the Google Foundation; gain or loss from all or certain claims and/or litigation and insurance recoveries; items that are outside the scope of Alphabet’s core, ongoing business activities; and any other items,
each determined in accordance with GAAP and as identified in Alphabet’s audited financial statements, including the notes thereto. 
  

	 	(d)	 Performance Schedules 

Within ninety (90) days after the beginning of a Performance Period, and in any case before twenty-five percent (25%) of the
Performance Period has elapsed, the Committee shall establish (a) Performance Targets for such Performance Period, (b) Target Awards for each Participant, and (c) Performance Schedules for such Performance Period. 

 

	 	(e)	 Termination of Employment 

 With respect to an Incentive Award that is intended to qualify as
Performance-Based Compensation, the consequences of the termination of employment of the Participant holding such Incentive Award shall be determined by the Committee in its sole discretion and set forth in the applicable agreement evidencing the
grant of the Incentive Award, it being intended that no agreement providing for a payment to a Participant upon termination of employment shall be given effect to the extent that it would cause an Incentive Award that was intended to qualify as
Performance-Based Compensation to fail to so qualify. 
  

	 	(f)	 Committee Discretion 

Nothing in this Section 9 is intended to limit the Committee’s discretion to adopt conditions with respect to any
Incentive Award that is not intended to qualify as Performance-Based Compensation. In addition, the Committee may, subject to the terms of the Plan, amend previously granted Incentive Awards in a way that disqualifies them as Performance-Based
Compensation. 
  

	10.	 Adjustment Upon Certain Changes 

Subject to any action by the stockholders of Alphabet required by law, applicable tax rules or the rules of any exchange on which shares of
common stock of Alphabet (for the avoidance of doubt, references to common stock of Alphabet in this Plan shall include Capital Stock) are listed for trading: 
  

	 	(a)	 Shares Available for Grants 

In the event of any change in the number or type of shares of common stock of Alphabet outstanding by reason of any stock
dividend or split, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, or any change in the type and number of shares of common stock of Alphabet outstanding by reason of any other event or
transaction, the Committee shall make appropriate adjustments in the type and maximum aggregate number of shares with respect to which the Committee may grant Incentive Awards, the type and maximum aggregate number of shares with respect to which
the Committee may grant Incentive Awards that are intended to be ISOs, and the type and maximum aggregate number of shares with respect to which the Committee may grant Incentive Awards that are intended to qualify as Performance-Based Compensation
to any Covered Employee in any calendar year. 
  

	 	(b)	 Increase or Decrease in Issued Shares Without Consideration 

In the event of any increase or decrease in the number or type of issued shares of common stock of Alphabet resulting from a
subdivision or consolidation of shares of common stock of Alphabet or the payment of a stock dividend (but only on the shares of common stock of Alphabet), or any other increase or decrease in the number of such shares effected without receipt or
payment of consideration by the Company, the Committee shall appropriately adjust the type or number of shares subject to each outstanding Incentive Award and the exercise price per share, if any, of shares subject to each such Incentive Award. 

 

	 	(c)	 Certain Mergers 

In the event of any merger, consolidation or similar transaction as a result of which the holders of shares of Capital Stock
receive consideration consisting exclusively of securities of the surviving corporation in such transaction, the Committee shall appropriately adjust each Incentive Award outstanding on the date of such merger or consolidation so that it pertains
and applies to the securities which a holder of the number of shares of Capital Stock subject to such Incentive Award would have received in such merger or consolidation. 
  

	 	(d)	 Certain Other Transactions 

In the event of (i) a dissolution or liquidation of Alphabet, (ii) a sale of all or substantially all of the Company’s
assets (on a consolidated basis) or (iii) a merger, consolidation or similar transaction involving Alphabet in which the holders of shares of Capital Stock receive securities and/or other property, including cash, other than shares of the surviving
corporation in such transaction, the Committee shall, in its sole discretion, have the power to: 
  

	 	(A)	 cancel, effective immediately prior to the occurrence of such event, each Incentive Award (whether or not then
exercisable or vested), and, in full consideration of such cancellation, pay to the Participant to whom such Incentive Award was granted an amount in cash, for each share of Capital Stock subject to such Incentive Award, equal to the value, as
determined by 

	 	 
the Committee, of such share of Capital Stock, provided that with respect to the shares of Capital Stock subject to any outstanding Option such value shall be equal to the excess of (1) the
value, as determined by the Committee, of the property (including cash) received by the holder of a share of Capital Stock as a result of such event over (2) the exercise price of a share of Capital Stock subject to such Option; or

  

	 	(B)	 provide for the exchange of each Incentive Award (whether or not then exercisable or vested) for an Incentive
Award with respect to (1) some or all of the property which a holder of the number of shares of Capital Stock subject to such Incentive Award would have received in such transaction or (2) securities of the acquirer or surviving corporation, and,
incident thereto, make an equitable adjustment as determined by the Committee in the exercise price per share, if any, of stock subject to the Incentive Award, or the number of shares or amount of property subject to the Incentive Award or provide
for a payment (in cash or other property) to the Participant to whom such Incentive Award was granted in partial consideration for the exchange of the Incentive Award. 

 

	 	(e)	 Other Changes 

In the event of any change in the capitalization of Alphabet or corporate change other than those specifically referred to in
paragraphs 10(b), (c) or (d), including without limitation, any extraordinary cash dividend, spin-off, split-off, sale of a Subsidiary or business unit, or similar transaction, the Committee may make such adjustments in the issuer, number and class
of shares subject to Stock Incentive Awards outstanding on the date on which such change occurs, such as, for example, a rollover of Stock Incentive Awards, and in such other terms of such Incentive Award, including without limitation in any
Performance Schedule, Performance Target or Target Award, as the Committee may consider appropriate, provided that if any such Incentive Award is intended to be Performance-Based Compensation such adjustment is consistent with the requirements of
Section 162(m) of the Code. 
  

	 	(f)	 Cash Incentive Awards 

In the event of any transaction or event described in this Section 10, including without limitation any corporate change
referred to in paragraph (e) hereof, the Committee may, in its sole discretion, make such adjustments in any Performance Schedule, Performance Target or Target Award, and in such other terms of any Cash Incentive Award, as the Committee may consider
appropriate in respect of such transaction or event, provided that such adjustments must be consistent with the requirements of Section 162(m) of the Code. 
  

	 	(g)	 No Other Rights 

Except as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision or consolidation of
shares of stock of any class, the payment of any dividend, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger or consolidation of Alphabet or any other corporation. Except as expressly
provided in the Plan, no issuance by Alphabet of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares or
amount of other property subject to, or the terms related to, any Incentive Award. 
  

	 	(h)	 Savings Clause 

No provision of this Section 10 shall be given effect to the extent that such provision would cause any tax to become due
under Section 409A of the Code. 
  

	11.	 Rights Under the Plan 

No Person shall have any rights as a stockholder with respect to any shares of Capital Stock covered by or relating to any Incentive Award
until the date of the issuance of such shares on the books and records of Alphabet. Except as otherwise expressly provided in Section 10 hereof, no adjustment of any Incentive Award shall be made for dividends or other rights for which the
record date occurs prior to the date of such issuance. Nothing in this Section 11 is intended, or should be construed, to limit the authority of the Committee to cause the Company to make payments based on the dividends that would be payable
with respect to any share of Capital Stock if it were issued or outstanding, or from granting rights related to such dividends. 

 The Company shall not have any obligation to establish any separate fund or trust or other
segregation of assets to provide for payments under the Plan. To the extent any person acquires any rights to receive payments hereunder from the Company, such rights shall be no greater than those of an unsecured creditor. 

 

	12.	 No Special Employment Rights; No Right to Incentive Award 

 

	 	(a)	 Nothing contained in the Plan or any agreement evidence the grant of any Incentive Award shall confer upon any
Participant any right with respect to the continuation of his employment by or service to the Company or interfere in any way with the right of the Company at any time to terminate such employment or service or to increase or decrease the
compensation of the Participant from the rate in existence at the time of the grant of an Incentive Award. 

  

	 	(b)	 No person shall have any claim or right to receive an Incentive Award hereunder. The Committee’s granting
of an Incentive Award to a Participant at any time shall neither require the Committee to grant an Incentive Award to such Participant or any other Participant or other person at any time nor preclude the Committee from making subsequent grants to
such Participant or any other Participant or other person. 

  

	13.	 Securities Matters 

 

	 	(a)	 Alphabet shall be under no obligation to effect the registration pursuant to the Securities Act of any shares
of Capital Stock to be issued hereunder or to effect similar compliance under any state or local laws. Notwithstanding anything herein to the contrary, Alphabet shall not be obligated to cause to be issued any shares of Capital Stock pursuant to the
Plan unless and until Alphabet is advised by its counsel that the issuance of such shares is in compliance with all applicable laws, regulations of governmental authority and the requirements of any securities exchange on which shares of Capital
Stock are traded. The Committee may require, as a condition to the issuance of shares of Capital Stock pursuant to the terms hereof, that the recipient of such shares make such covenants, agreements and representations, and that any certificates
representing such shares bear such legends, as the Committee deems necessary or desirable. 

  

	 	(b)	 The exercise of any Option granted hereunder shall only be effective at such time as counsel to Alphabet shall
have determined that the issuance of shares of Capital Stock pursuant to such exercise is in compliance with all applicable laws, regulations of governmental authority and the requirements of any securities exchange on which shares of Capital Stock
are traded. Alphabet may, in its sole discretion, defer the effectiveness of an exercise of an Option hereunder or the issuance of shares of Capital Stock pursuant to any Incentive Award pending or to ensure compliance under federal, state or local
securities laws. Alphabet shall inform the Participant in writing of its decision to defer the effectiveness of the exercise of an Option or the issuance of shares of Capital Stock pursuant to any Incentive Award. During the period that the
effectiveness of the exercise of an Option has been deferred, the Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid with respect thereto. 

 

	14.	 Withholding Taxes  

 

	 	(a)	 Cash Remittance 

Whenever shares of Capital Stock are to be issued upon the exercise of an Option or the grant or vesting of an Incentive Award,
and whenever any amount shall become payable in respect of any Incentive Award, Alphabet shall have the right to require the Participant to remit to Alphabet in cash an amount sufficient to satisfy federal, state and local withholding tax
requirements, if any, attributable to such exercise, grant, vesting or payment prior to issuance of such shares or the effectiveness of the lapse of such restrictions or making of such payment. In addition, upon the exercise or settlement of any
Incentive Award in cash, or the making of any other payment with respect to any Incentive Award (other than in shares of Capital Stock), Alphabet shall have the right to withhold from any payment required to be made pursuant thereto an amount
sufficient to satisfy the federal, state and local withholding tax requirements, if any, attributable to such exercise, settlement or payment. 

	 	(b)	 Stock Remittance 

At the election of the Participant, subject to the approval of the Committee, when shares of Capital Stock are to be issued
upon the exercise, grant or vesting of an Incentive Award, the Participant may tender to Alphabet a number of shares of Capital Stock that have been owned by the Participant for at least six months (or such other period as the Committee may
determine) having a Fair Market Value at the tender date determined by the Committee to be sufficient to satisfy withholding tax requirements, if any, attributable to such exercise, grant or vesting, but in no event exceeding the maximum statutory
tax rates of the Participant’s applicable jurisdiction (or such other rate as would not trigger a negative accounting impact), as determined by Alphabet in its sole discretion. Such election shall satisfy the Participant’s obligations
under Section 14(a) hereof, if any. 
  

	 	(c)	 Stock Withholding 

When shares of Capital Stock are to be issued to a Participant upon the exercise, grant or vesting of an Incentive Award,
Alphabet shall have the authority to withhold a number of such shares having a Fair Market Value at the date of the applicable taxable event determined by the Committee to be sufficient to satisfy withholding tax requirements, if any, attributable
to such exercise, grant or vesting, but in no event exceeding the maximum statutory tax rates of the Participant’s applicable jurisdiction (or such other rate as would not trigger a negative accounting impact), as determined by Alphabet in its
sole discretion. 
  

	15.	 Amendment or Termination of the Plan 

The Board of Directors may at any time suspend or discontinue the Plan or revise or amend it in any respect whatsoever; provided,
however, that to the extent that any applicable law, tax requirement, or rule of a stock exchange requires stockholder approval in order for any such revision or amendment to be effective, such revision or amendment shall not be effective
without such approval. The preceding sentence shall not restrict the Committee’s ability to exercise its discretionary authority hereunder pursuant to Section 4 hereof, which discretion may be exercised without amendment to the Plan. No
provision of this Section 15 shall be given effect to the extent that such provision would cause any tax to become due under Section 409A of the Code. Except as expressly provided in the Plan, no action hereunder may, without the consent
of a Participant, reduce the Participant’s rights under any previously granted and outstanding Incentive Award. Nothing in the Plan shall limit the right of the Company to pay compensation of any kind outside the terms of the Plan. 

 

	16.	 No Obligation to Exercise 

The grant to a Participant of an Incentive Award shall impose no obligation upon such Participant to exercise such Incentive Award. 

 

	17.	 Transfers Upon Death 

Upon the death of a Participant, outstanding Incentive Awards granted to such Participant may be exercised by the Participant’s designated
beneficiary, provided that such beneficiary has been designated prior to the Participant’s death, to the extent permitted by the Committee (a “Permitted Designation”). Each such Permitted Designation shall revoke all prior
designations by the Participant and shall be effective only if given in a form and manner acceptable to the Committee. In the absence of any such effective Permitted Designation, such Incentive Awards may be exercised only by the executors or
administrators of the Participant’s estate or by any person or persons who shall have acquired such right to exercise by will or by the laws of descent and distribution. No transfer by will or the laws of descent and distribution of any
Incentive Award, or the right to exercise any Incentive Award, shall be effective to bind Alphabet unless the Committee shall have been furnished with (a) written notice thereof and with a copy of the will and/or such evidence as the Committee may
deem necessary to establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms and conditions of the Incentive Award that are or would have been applicable to the Participant and to be bound by the
acknowledgements made by the Participant in connection with the grant of the Incentive Award. 
  

	18.	 Expenses and Receipts 

 The expenses of the Plan shall be paid by the Company. Any proceeds received by Alphabet in
connection with any Incentive Award will be used for general corporate purposes. 
  

	19.	 Governing Law 

The Plan and the rights of all persons under the Plan shall be construed and administered in accordance with the laws of the State of New York
without regard to its conflict of law principles. 
  

	20.	 Effective Date and Term of Plan 

The Plan was approved by the board of directors of Google Inc. on April 11, 2012, approved by the stockholders of Google Inc. on
June 21, 2012, assumed by Alphabet on October 2, 2015, amended and restated by the Board of Directors as of October 2, 2015, amended by the Board of Directors on of March 30, 2016 and approved by the stockholders on June 8,
2016, amended by the Leadership Development and Compensation Committee of the board of directors of Alphabet on July 27, 2016; amended by the board of directors on April 14, 2017 and approved by the stockholders on June 7, 2017. No
grants of Incentive Awards may be made under the Plan after April 11, 2022.

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