Document:

Exhibit
10.1

 

SEPARATION
AGREEMENT AND FULL RELEASE

 

This
Agreement and Full Release (the “Agreement”), dated as of February 9, 2018 is by and between Otto Kumbar, (the “Individual”)
and Ocwen Financial Corporation and Ocwen Mortgage Servicing, Inc., including without limitation their parents, subsidiaries and
affiliates (hereafter “Ocwen” or the “Company”).In consideration of the mutual covenants and agreements
contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

	1.	Termination
    Date and Acknowledgments.

 

Individual
and the Company will end their employment relationship on February 9, 2018 (“Termination Date”). Effective immediately
on the Termination Date, Individual agrees to irrevocably resign from any and all positions as an officer, employee, director,
member, manager or any other position he serves in for Ocwen, including but not limited to President and Chief Executive Officer
and Director, Ocwen Mortgage Servicing, Inc. and Executive Vice President, Lending, Ocwen Financial Corporation. Individual no
longer will be authorized to transact business or incur any expenses, obligations and liabilities on behalf of the Company as
of the Termination Date. Individual further agrees to return, transfer and assign all of his shares of Class M preferred stock
of Ocwen Mortgage Servicing, Inc., being one thousand (1,000) such shares, to Ocwen Mortgages Servicing, Inc., which shares shall
be cancelled without payment of any consideration to Individual, effective upon the Termination Date. Individual also agrees not
to seek reinstatement, future employment, or other working relationship with the Company or any of its affiliates. Individual
acknowledges (i) receipt of all compensation and benefits for all hours worked through and including the Termination Date as a
result of services performed for the Company which will be issued as part of his final paycheck as part of the customary payroll
schedule, except as further provided in this Agreement; (ii) Individual is not entitled to any additional or future compensation
or benefits arising out of Individual’s employment with the Company, except for such compensation or benefits, if any, arising
under the retirement or welfare benefits or plans of Ocwen to which Individual may be entitled by virtue of Individual’s
employment with the Company, subject in all cases to the terms and conditions of the plans and agreements governing such benefits.
Without limitation to the above, Individual acknowledges and agrees that he is not entitled to any additional incentive or other
bonus type compensation other than what has been included herein; (iii) Individual is not entitled to the vesting of any additional
or future equity awards (iv) Individual has reported to the Company any and all work-related injuries which incurred during employment;
(v) the Company properly provided any leave of absence because of Individual’s or a family member’s health condition
and Individual has not been subjected to any improper treatment, conduct or actions due to a request for or taking such leave;
(vi) Individual has had the opportunity to provide the Company with written notice of any and all concerns regarding suspected
ethical and compliance issues or violations on the part of the Company or any other Released Parties; and (vii) Individual has
reported any pending judicial or administrative complaints, claims, or actions filed against the Company or any other Released
Parties. Further, Individual agrees that he resigns from any and all positions as an officer, employee, director, member manager
or any other position he serves in for Ocwen.

 

    	1

     

    

  

	2.	Consideration.

 

In
consideration of Individual’s promises in this Agreement, the Company will provide Individual the gross sum of $1,250,000.00,
less applicable withholding and taxes (the “Payment”). In addition, Ocwen will provide a full copy of the MAX software
to Individual at no cost. Any development done on the software will be available back to Ocwen for no cost, and any 10% of any
net income made from the software will be paid to Ocwen up to a maximum of $6.5 million. The Payment and the Relocation Reimbursement
are contingent upon: (a) the Company’s receipt of this fully executed agreement, (b) Individual’s agreed resignation
as state in paragraph 1 hereof, (c) the seven-day revocation period has passed without revocation of this Agreement, (d) Individual
has executed and returned the Acknowledgment Form (Attachment A hereto) to the Company confirming Individual’s decision
not to revoke this Agreement, and (e) Individual has returned all company property to the Company.

 

Amounts
the Company is paying in consideration for the Agreement will be treated as taxable compensation but are not intended by either
party to be treated, and will not be treated, as compensation for purposes of eligibility or benefits under any benefit plan of
the Company, to the extent not inconsistent with the terms of the governing documents of the relevant plans. The Company will
apply standard tax and other applicable withholdings to payments made to Individual. Individual agrees that the consideration
the Company will provide includes amounts in addition to anything of value to which Individual already is entitled. The Company
also will pay Individual any accrued but unused vacation regardless of whether Individual signs this Agreement. As of the Termination
Date, Individual had accrued but not used 74 hours of PTO.

 

Individual
acknowledges and agrees that the severance payment is in full satisfaction of any amounts that may otherwise have been payable
under any cash bonus or incentive, equity or other arrangement. Individual acknowledges and agrees that individual is solely responsible
for the payment of all personal income taxes or taxes of any other kind or nature, federal, state or local, due on any amounts
conveyed pursuant to this Agreement.

 

    	2

     

    

  

	3.	Full
    and Final Release.

 

In
consideration of the benefits provided by the Company, Individual, for Individual personally and Individual’s representatives,
heirs, executors, administrators, successors and assigns, fully, finally and forever releases and discharges the Company and its
affiliates, as well as their respective successors, assigns, parents, subsidiaries, officers, owners, directors, agents, representatives,
attorneys, and employees (all of whom are referred to throughout this Agreement as the “Released Parties”), of and
from all claims, demands, actions, causes of action, suits, damages, losses, and expenses, of any and every nature whatsoever,
individually or as part of a group action, known or unknown, as a result of actions or omissions occurring through the date Individual
signs this Agreement. Specifically included in this waiver and release are, among other things, claims of unlawful discrimination,
harassment, or failure to accommodate; claims related to terms and conditions of employment; claims for compensation or benefits;
claims for wrongful termination of employment and/or claims under Title VII of the Civil Rights Act of 1964, the Americans with
Disabilities Act, the Age Discrimination in Employment Act, the National Labor Relations Act (NLRA), the Virgin Islands Wrongful
Discharge Act, the Virgin Islands Civil Rights Act, the Virgin Islands Plant Closing Act, or any other federal, state or local
statute, rule, ordinance, or regulation, as well as any claims in equity or under common law for tort, contract, or wrongful discharge.

 

    	3

     

    

  

	4.	Agreement
    Not To Sue.

 

Other
than an action for breach of this Release Agreement or as otherwise provided in paragraphs 6, 7 and 8, Individual expressly acknowledges
that if Individual files any claim or lawsuit, or causes or aids any claim or arbitration to be filed on Individual’s behalf,
regarding any matter described in this Release Agreement, the Company may be entitled to recover from Individual some or all money
paid under this Release Agreement, plus attorneys’ fees and costs incurred in defending against such action, to the extent
permitted by law.

 

	5.	Advice
    of Counsel, Consideration and Revocation Periods, Other Information.

 

The
Company advises Individual to consult with an attorney prior to signing this Agreement. Individual has 21 days to consider whether
to sign this Agreement from the date Individual receives this Agreement and any attached information (“Consideration Period”).
Individual must return this signed Agreement to the Company’s representative identified below within the Consideration Period
but not prior to the Termination Date. If Individual signs and returns this Agreement before the end of the Consideration Period,
it is because Individual freely chose to do so after carefully considering its terms. Additionally, Individual shall have seven
days from the date the Individual signs this Agreement to revoke this Agreement by delivering a written notice of revocation within
the seven day revocation period to the same person as Individual returned this Agreement. If the revocation period expires on
a weekend or holiday, Individual will have until the end of the next business day to revoke. This Agreement will become effective
on the eighth day after Individual signs this Agreement provided Individual does not revoke this Agreement (Effective Date). Any
modification or alteration of any terms of this Agreement by Individual voids this Agreement in its entirety. Individual agrees
with the Company that changes, whether material or immaterial, do not restart the running of the Consideration Period.

 

    	4

     

    

  

	6.	No
    Interference with Rights.

 

Nothing
in this Agreement is intended to waive claims (i) for unemployment or workers’ compensation benefits; (ii) for vested rights
under ERISA-covered employee benefit plans as applicable on the date Individual signs this Agreement; (iii) for vested rights
under ERISA-covered employee benefit plans that may arise after Individual signs this Agreement; (iv) for reimbursement of expenses
under the Company’s expense reimbursement policies; or (v) which cannot be released by private agreement. In addition, nothing
in this Agreement including but not limited to the acknowledgments, release of claims, proprietary information, confidentiality,
cooperation, and non-disparagement provisions (i) limits or affects Individual’s right to challenge the validity of this
Agreement under the ADEA or the OWBPA, (ii) prevents Individual from filing a charge or complaint with or from participating in
an investigation or proceeding conducted by the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration,
National Labor Relations Board, the Securities and Exchange Commission, or any other any federal, state or local agency charged
with the enforcement of any laws, including providing documents or any other information, without notice to the Company or (iii)
limits Individual from exercising rights under Section 7 of the NLRA to engage in protected, concerted activity with other employees,
although by signing this Agreement Individual is waiving rights to individual relief (including backpay, frontpay, reinstatement
or other legal or equitable relief) in any charge, complaint, or lawsuit or other proceeding brought by Individual or on Individual’s
behalf by any third party, except for any right Individual may have to receive a payment from a government agency (and not the
Company) for information provided to the government agency.

 

    	5

     

    

  

	7.	Federal
    Defend Trade Secrets Act.

 

Notwithstanding
the confidentiality and non-disclosure obligations in this Release and otherwise, Individual understands that as provided by the
Federal Defend Trade Secrets Act, Individual will not be held criminally or civilly liable under any federal or state trade secret
law for the disclosure of a trade secret made: (1) in confidence to a federal, state, or local government official, either directly
or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or (2)
in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

 

	8.	Executive
    Cooperation.

 

Individual
shall reasonably cooperate with Ocwen in connection with: (a) any internal or governmental investigation or administrative, regulatory,
arbitral or judicial proceeding involving Ocwen with respect to matters relating to Individual’s employment with Ocwen (collectively,
“Litigation”); (b) any audit of the financial statements of Ocwen with respect to the period of time when Individual
was employed by or provided services to Ocwen (“Audit”); and (c) providing such other occasional advice, assistance
and consultation as Ocwen may reasonably request from time to time on matters with which Individual was familiar and/or about
which Individual acquired knowledge, expertise and/or experience during the time that Individual was employed by Ocwen to help
ensure a smooth transition of his position; provided that such cooperation does not unreasonably interfere with Individual’s
then-current professional or personal commitments. Individual acknowledges that such cooperation may include, but shall not be
limited to, Individual making himself available to Ocwen (or their respective attorneys or auditors) upon reasonable notice for:
(i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection
with any Litigation or Audit; (ii) appearing at the request of Ocwen to give truthful testimony without requiring service of a
subpoena or other legal process; (iii) volunteering to Ocwen pertinent information related to any Litigation or Audit; and (iv)
turning over to Ocwen any documents relevant to any Litigation or Audit that are or may come into Individual’s possession.
Notwithstanding anything to the contrary, Individual will have no obligation to act against his own legal or financial interests
or to forgo any constitutional rights (including, but not limited to, in connection with any regulatory investigation), and this
Section 8 will not affect his Indemnification Rights. Ocwen and agrees to reimburse Individual for his time at a rate consistent
with his prior pay per hour and actual and reasonable expenses in performing any services pursuant to this Section 8 that are
requested by Ocwen, provided that Individual promptly submits such expenses for reimbursement along with reasonable and customary
supporting documentation for the same. Any such reimbursement shall be paid promptly after receipt by Ocwen of such materials
from Individual, and in all events not later than the end of the calendar year following the calendar year in which Individual
incurred the related expenses.

 

    	6

     

    

  

	9.	Company
    Property and Confidential Proprietary Information.

 

Individual
further agrees and covenants that Individual has not and will not remove from the Company premises any item belonging to the Company
and its affiliates, including office equipment, files, business records or correspondence, customer lists, computer data and proprietary
or confidential information (“Information”) and that Individual has not and will not disclose or use any Information
and/or trade secrets of the Company and its affiliates. To the extent individual has Information in his possession, Individual
agrees to destroy or return to the Company prior to the Termination Date all confidential and proprietary information and all
other Company property, as well as all copies or excerpts of any property, files or documents obtained as a result of employment
with the Company, except those items that the Company specifically agrees in writing to permit Individual to retain. Individual
agrees to keep all such information confidential and not disclose or use the Information for any purpose, or divulge or disclose
that Information to any person other than employees of the Company, except as compelled by legal process or pursuant to paragraph
6 and 7 of this Agreement. In addition, Individual reaffirms his obligations pursuant to the Intellectual Property and Confidentiality
Agreement signed by him.

 

    	7

     

    

  

	10.	Post-Employment
    Restrictions.

 

Individual
acknowledges that during his time of employment he was provided access to confidential information and Company’s clients,
customers and others with whom the Company has formed valuable business arrangements. Therefore, the Individual agrees that he
will refrain from using such confidential information to take any action that would interfere with, diminish or impair the valuable
relationships that the Company has with its clients, customers and others with which the Company has business relationships or
to which services are rendered. Because of the reasons stated above, the individual also agrees to refrain from using such confidential
information to recruit or otherwise solicit for employment or induce to terminate the Company’s employment of or consultancy
with, any person (natural or otherwise) who is or becomes an employee of the Company; or assist with others engaging in any of
the foregoing. Further, the Individual agrees that he will not:

 

(a)
For a period of two (2) years following the date of this Agreement take any action that would interfere with, diminish or impair
the valuable relationships that the Company has with its clients, customers and others with which the Company has business relationships
or to which services are rendered;

 

(b)
For a period of two (2) years following the date of this Agreement recruit or otherwise solicit for employment or induce to terminate
the Company’s employment of or consultancy with, any person (natural or otherwise) who is an employee of the Company, or
hire any such employee, as the case may be; or

 

(c)
For a period of two (2) years following the date of this Agreement assist with others engaging in any of the foregoing.

 

(d)
Company agrees that Individual can establish a mortgage broker.

 

    	8

     

    

  

	11.	Subpoena.

 

Except
as provided in paragraphs 6, 7 and 8, Individual further agrees not to testify for, appear on behalf of, or otherwise assist in
any way any individual or company in any claim against Ocwen except, unless, and only pursuant to a lawful subpoena or other legal
process issued to Individual. If such a subpoena is issued, Individual will immediately notify Ocwen’s Legal Department
and provide it with a copy of the subpoena, unless the subpoena reflects that Ocwen has already received a copy.

 

	12.	Action
    for Breach.

 

Violation
of any provision of this Agreement by Individual will subject Individual to an action for breach of this Agreement, and an action
to obtain reimbursement of all monies paid pursuant to Paragraph 2 of this Agreement.

 

	13.	Arbitration.

 

Any
dispute arising out of or related in any way to this Agreement shall be settled exclusively by final and binding arbitration before
a neutral arbitrator pursuant to the American Arbitration Association’s (“AAA”) Employment Arbitration Rules
(“AAA’s Rules”), a copy of which is available at www.adr.org. In addition, Individual reaffirms the Pre-Employment
Dispute Resolution Agreement and Employment Dispute Resolution Agreements signed by him. By way of example only, some of the types
of claims subject to final and binding arbitration include claims alleging breach of this Agreement; or any claims the Company
may have against Employee. This agreement to arbitrate extends to disputes with or claims against the Discharged Parties (as intended
third party beneficiaries of this Agreement), and survives beyond the Effective Date. AAA’s Rules will govern the allocation
of costs and expenses except as otherwise agreed and set forth below. If an employee initiates arbitration by submitting a written
claim to the Company Human Resource Manager (or other designated representative of the Company), unless Employee elects otherwise,
the Company (or the third party beneficiary, if applicable) will be responsible for the filing fee charged by AAA, as well as
AAA’s daily administrative fees, the cost of hearing location, and the compensation and travel expenses of the Arbitrator.
The arbitration hearing shall take place in West Palm Beach, Florida.

 

The
Arbitrator shall have authority to hear and rule on a motion to dismiss and/or a motion for summary judgment by any party. The
arbitrator shall also arbitrate the issue of arbitrability of any claim. The arbitrator shall decide all issues of arbitrability
including, but not limited to, any defenses to arbitration based on waiver by litigation conduct, or any other type of waiver,
delay, or like defense. The arbitrator shall also decide whether any and all conditions precedent to arbitrability have been fulfilled.
All matters of substantive and procedural arbitrability shall be decided exclusively by arbitration.

 

Special
Note: This agreement to arbitrate affects your legal rights. You may wish to seek legal advice if you have any question
about the effect of this agreement to arbitrate on your rights.

 

    	9

     

    

  

	14.	Agreement
    of the Parties And  Other Acknowledgements.

 

The
parties agree that this Agreement sets forth all the promises and agreements between them and supersedes all prior and contemporaneous
agreements, understandings, inducements or conditions, express or implied, oral or written, except as contained herein. Notwithstanding
any term contained herein, Individual acknowledges and reaffirms his obligations in the Employee Intellectual Property Agreement
(attached hereto) and understands that those obligations remain effective following his separation from the Company.

 

Both
parties acknowledge that they have had the opportunity to freely consult, if they so desire, with attorneys of their own choosing
prior to signing this document regarding the contents and consequences of this document. The parties understand that the payment
and other matters agreed to herein are not to be construed as an admission of or evidence of liability for any violation of the
law, willful or otherwise, by any person or entity.

 

Individual
further acknowledges that he fully understands the terms and contents of this Agreement and voluntarily, knowingly, and without
coercion enters into this Agreement.

 

The
Parties acknowledge that this Agreement is deemed to have been drafted jointly by the parties and, in the event of a dispute,
shall not be construed in favor of or against any party by reason of such party’s contribution to the drafting of the Agreement.

 

In
the event any provision of this Agreement is determined to be unenforceable by any trier of fact, the remaining provisions of
this Agreement shall nevertheless remain in full force and effect. In the event any claim or dispute arising out of or relating
to this Agreement is determined to be non-arbitrable by an arbitrator or any court of law, the Parties hereby waive and give up
the right to a trial by jury, and agree that any such claim or dispute will be settled by a court of the State of Florida having
jurisdiction to do so and not by a jury. The Parties specifically agree that the Superior Court and the District Court of Palm
Beach County, FL have sole and exclusive jurisdiction over any such claim or dispute determined to be non-arbitrable.

 

    	10

     

    

  

	15.	Choice
    of Law, Jurisdiction and Venue and Jury Waiver.

 

It
is the intention of the parties hereto that all questions with respect to the construction of this Agreement and the rights and
liabilities of the parties hereunder shall be determined in accordance with the laws of the U.S. Virgin Islands, without regard
to conflict of law principles. Any non-arbitrable dispute with respect to this Agreement or Individual’s employment with
the Company which requires intervention by a court of law shall be decided in the district or federal courts located in St. Croix,
Virgin Islands. The parties further expressly waive any and all objections they may have to venue in any such courts. The parties
knowingly and voluntarily waive any right which either or both of them shall have to receive a trial by jury with respect to any
claims, controversies or disputes which arise out of or relate to this Agreement or Individual’s employment with the Company.

 

	16.	No
    Admission of Liability.

 

Nothing
in this Release Agreement shall be construed to be an admission of liability by the Company and its respective parent company,
subsidiaries, affiliates, predecessors, successors and assigns, and their officers, directors, shareholders, principals, employees,
insurers, and agents for any alleged violation of any of Individual’s statutory rights or any common law duty imposed upon
the Company.

 

	17.	Successors
    and Assigns.

 

Except
as otherwise provided in specific provisions above, this Release Agreement shall be binding upon and inure to the benefit of Individual,
Individual’s spouse, Individual’s heirs, executors, administrators, designated beneficiaries and upon anyone claiming
under Individual or Individual’s spouse, and shall be binding upon and inure to the benefit of the Company and its successors
and assigns. Individual warrants and represents that, except as provided herein, no right, claim, cause of action or demand, or
any part thereof, which Individual may have arising out of or in any way related to Individual’s employment with the Company,
has been or will be assigned, granted or transferred in any way to any other person, entity, firm or corporation, in any manner,
including by subrogation or by operation of marital property rights.

 

    	11

     

    

  

	18.	Exemption
    from § 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

 

All
payments due under this Release Agreement will be paid no later than March 15, 2018. It is the intent of the Parties that all
such payments are to be considered to be short-term deferrals to which Code Section 409A is not applicable by reason of Treasury
Regulation Section 1.409A-1(b)(4).

 

IN
WITNESS WHEREOF, the parties hereby voluntarily and knowingly enter into this unconditional Agreement and Full Release.

 

	 	/s/
    Otto Kumbar
	 	Otto
    Kumbar

 

    	12

     

    

  

	 	OCWEN
    FINANCIAL CORPORATION
	 	 	 
	 	By:
    	/s/
    Timothy M. Hayes
	 	Title:
    	EVP
    & General Counsel
	 	 	
	 	OCWEN MORTGAGE SERVICES, INC.
	 	 	 
	 	By:
    	/s/
    Timothy M. Hayes
	 	Title:
    	EVP
    & General Counsel

 

    	13EX-10.1

FLEETCOR TECHNOLOGIES, INC.

AMENDED AND RESTATED 2010 EQUITY COMPENSATION PLAN

Amended and Restated as of February 7, 2018

TABLE OF CONTENTS

	 	 	§ 1. BACKGROUND AND PURPOSE 1

	 	 	§ 2. DEFINITIONS 1

	 	 	 	 	 	 	 	 	 
	 	2.1	 	 	Affiliate
	 	 	1	 
	 	2.2	 	 	Board
	 	 	1	 
	 	2.3	 	 	Cause
	 	 	1	 
	 	2.4	 	 	Certificate
	 	 	2	 
	 	2.5	 	 	Change in Control
	 	 	2	 
	 	2.6	 	 	Code
	 	 	3	 
	 	2.7	 	 	Committee
	 	 	4	 
	 	2.8	 	 	Company
	 	 	4	 
	 	2.9	 	 	Director
	 	 	4	 
	 	2.10	 	 	Fair Market Value
	 	 	4	 
	 	2.11	 	 	Good Reason
	 	 	4	 
	 	2.12	 	 	ISO
	 	 	5	 
	 	2.13	 	 	Key Employee
	 	 	5	 
	 	2.14	 	 	1933 Act
	 	 	5	 
	 	2.15	 	 	1934 Act
	 	 	5	 
	 	2.16	 	 	Net Option Exercise
	 	 	5	 
	 	2.17	 	 	Non-ISO
	 	 	5	 
	 	2.18	 	 	Option
	 	 	5	 
	 	2.19	 	 	Option Certificate
	 	 	5	 
	 	2.20	 	 	Option Price
	 	 	5	 
	 	2.21	 	 	Parent
	 	 	5	 
	 	2.22	 	 	Plan
	 	 	6	 
	 	2.23	 	 	Protection Period
	 	 	6	 
	 	2.24	 	 	Rule 16b-3
	 	 	6	 
	 	2.25	 	 	SAR Value
	 	 	6	 
	 	2.26	 	 	Stock
	 	 	6	 
	 	2.27	 	 	Stock Appreciation Right
	 	 	6	 
	 	2.28	 	 	Stock Appreciation Right Certificate
	 	 	6	 
	 	2.29	 	 	Stock Grant
	 	 	6	 
	 	2.30	 	 	Stock Grant Certificate
	 	 	6	 
	 	2.31	 	 	Subsidiary
	 	 	6	 
	 	2.32	 	 	Ten Percent Shareholder
	 	 	6	 

	 	 	§ 3. SHARES AND GRANT LIMITS 6

	 	 	 	 	 	 	 	 	 
	 	3.1	 	 	Shares Reserved
	 	 	6	 
	 	3.2	 	 	Source of Shares
	 	 	7	 
	 	3.3	 	 	Reduction and Restoration of Shares Reserved
	 	 	7	 
	 	3.4	 	 	Use of Proceeds
	 	 	7	 
	 	3.5	 	 	Grant Limits
	 	 	7	 
	 	3.6	 	 	Minimum Vesting Period
	 	 	8	 

	 	 	§ 4. EFFECTIVE DATE 8

	 	 	§ 5. COMMITTEE 8

	 	 	§ 6. ELIGIBILITY 9

	 	 	§ 7. OPTIONS 9

	 	 	 	 	 	 	 	 	 
	 	7.1	 	 	Committee Action
	 	 	9	 
	 	7.2	 	 	Option Certificate
	 	 	9	 
	 	7.3	 	 	$100,000 Limit
	 	 	9	 
	 	7.4	 	 	Option Price
	 	 	9	 
	 	7.5	 	 	Payment
	 	 	10	 
	 	7.6	 	 	Exercise
	 	 	10	 

	 	 	§ 8. STOCK APPRECIATION RIGHTS 10

	 	 	 	 	 	 	 	 	 
	 	8.1	 	 	Committee Action
	 	 	10	 
	 	8.2	 	 	Terms and Conditions
	 	 	11	 
	 	8.3	 	 	Exercise
	 	 	11	 

	 	 	§ 9. STOCK GRANTS 12

	 	 	 	 	 	 	 	 	 
	 	9.1	 	 	Committee Action
	 	 	12	 
	 	9.2	 	 	Conditions
	 	 	12	 
	 	9.3	 	 	Dividends, Creditor Status and Voting Rights
	 	 	13	 
	 	9.4	 	 	Satisfaction of Forfeiture Conditions
	 	 	14	 
	 	9.5	 	 	Performance Goals for Income Tax Deduction
	 	 	14	 

	 	 	§ 10. NON-TRANSFERABILITY 15

	 	 	§ 11. SECURITIES REGISTRATION 16

	 	 	§ 12. LIFE OF PLAN 16

	 	 	§ 13. ADJUSTMENT 16

	 	 	 	 	 	 	 	 	 
	 	13.1	 	 	Capital Structure
	 	 	17	 
	 	13.2	 	 	Shares Reserved
	 	 	17	 
	 	13.3	 	 	Transactions Described in § 424 of the Code
	 	 	17	 
	 	13.4	 	 	Fractional Shares
	 	 	18	 

	 	 	§ 14. CHANGE IN CONTROL 18

	 	 	 	 	 	 	 	 	 
	14.1
	 	No Continuation or Assumption of Plan or Grants/Terms of Certificate	 	 	18	 
	14.2
	 	Continuation or Assumption of Plan or Grants	 	 	18	 

	 	 	§ 15. AMENDMENT OR TERMINATION 19

	 	 	§ 16. MISCELLANEOUS 19

	 	 	 	 	 	 	 	 	 
	 	16.1	 	 	Shareholder Rights
	 	 	19	 
	 	16.2	 	 	No Contract of Employment
	 	 	19	 
	 	16.3	 	 	Tax Withholding
	 	 	19	 
	 	16.4	 	 	Construction
	 	 	20	 
	 	16.5	 	 	Other Conditions
	 	 	20	 
	 	16.6	 	 	Rule 16b-3
	 	 	20	 
	 	16.7	 	 	Coordination with Employment Agreements and Other Agreements
	 	 	20	 
	 	16.8	 	 	Section 409A
	 	 	20	 

§ 1. 

BACKGROUND AND PURPOSE

FleetCor Technologies, Inc. (the “Company”) previously adopted the FleetCor Technologies, Inc. 2010
Equity Compensation Plan (the “2010 Plan”), which became effective upon the completion of the
initial public offering of the Company’s common stock. The 2010 Plan was subsequently amended and
restated effective May 30, 2013 (the “2013 Plan”), pursuant to which the number of shares of Stock
available for future grants was increased from 6,750,000 shares to 13,250,000 shares. On December
20, 2017, the Board amended and restated the 2013 Plan, establishing the FleetCor Technologies,
Inc. Amended and Restated 2010 Equity Compensation Plan as set forth in this document (the “Plan”).
The Board amended and restated the Plan to (i) increase the number of shares of Stock available
for issuance of future grants by 3,500,000 shares and (ii) make certain other changes as set forth
herein.

The purpose of this Plan is to promote the interests of the Company and its shareholders by
authorizing the Committee to grant Options and Stock Appreciation Rights and to make Stock Grants
to Key Employees and Directors in order (1) to attract and retain Key Employees and Directors,
(2) to provide an additional incentive to each Key Employee or Director to work to increase the
value of Stock and (3) to provide each Key Employee or Director with a stake in the future of the
Company to align their interests with those of the Company’s shareholders.

§ 2. 

DEFINITIONS

2.1 Affiliate—means any organization (other than a Subsidiary) that would be treated
as under common control with the Company under § 414(c) of the Code if “50 percent” were
substituted for “80 percent” in the income tax regulations under § 414(c) of the Code.

2.2 Board—means the Board of Directors of the Company.

2.3 Cause—means, unless otherwise provided in a Key Employee’s employment agreement,
the occurrence of any of the following:

(a) Key Employee is convicted of, or pleads guilty to, any felony or any misdemeanor involving
fraud, misappropriation or embezzlement, or Key Employee confesses or otherwise admits to the
Company, any of its subsidiaries or affiliates, any officer, agent, representative or employee of
the Company or one of its subsidiaries or affiliates, or to a prosecutor, or otherwise publicly
admits, to committing any action that constitutes a felony or any act of fraud, misappropriation,
or embezzlement; or

(b) there is any material act or omission by Key Employee involving malfeasance or gross
negligence in the performance of Key Employee’s duties to the Company or any of its subsidiaries or
affiliates to the material detriment of the Company or any of its subsidiaries or affiliates; or

(c) Key Employee breaches in any material respect any other material agreement or
understanding between Key Employee and the Company in effect as of the time of such termination; or

(d) a previous employer of Key Employee shall commence against Key Employee and/or the Company
an action, suit, proceeding or demand arising from an alleged violation of a non-competition or
other similar agreement between Key Employee and such previous employer.

provided, however, that no such act or omission or event shall be treated as “Cause” under
this definition unless the Committee determines reasonably and in good faith that “Cause” does
exist under the Plan.

2.4 Certificate—means, as applicable, an Option Certificate, a Stock Appreciation
Right Certificate or a Stock Grant Certificate.

2.5 Change in Control—means any one of the following events or transactions:

(a) the sale by the Company of all or substantially all of its assets or the consummation by
the Company of any merger, consolidation, reorganization, or business combination with any person,
in each case, other than in a transaction:

(i) in which persons who were shareholders of the Company immediately prior to such
sale, merger, consolidation, reorganization, or business combination own, immediately
thereafter, (directly or indirectly) more than 50% of the combined voting power of the
outstanding voting securities of the purchaser of the assets or the merged, consolidated,
reorganized or other entity resulting from such corporate transaction (the “Successor
Entity”);

(ii) in which the Successor Entity is an employee benefit plan sponsored or maintained
by the Company or any person controlled by the Company; or

(iii) after which more than 50% of the members of the board of directors of the
Successor Entity were members of the Board at the time of the action of the Board approving
the transaction (or whose nominations or elections were approved by at least 2/3 of the
members of the Board at that time);

(b) the acquisition directly or indirectly by any “person” or “group” (as those terms are used
in Sections 13(d), and 14(d) of the 1934 Act, including without limitation, Rule 13d-5(b)) of
“beneficial ownership” (as determined pursuant to Rule 13d-3 under the 1934 Act) of securities
entitled to vote generally in the election of directors (“voting securities”) of the Company that
represent 30% or more of the combined voting power of the Company then-outstanding voting
securities, other than:

(i) an acquisition by a trustee or other fiduciary holding securities under any
employee benefit plan (or related trust) sponsored or maintained by the Company or any
person controlled by the Company or by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any person controlled by the Company;

(ii) an acquisition of voting securities by the Company or a person owned, directly or
indirectly, by the holders of at least 50% of the voting power of the Company then
outstanding securities in substantially the same proportions as their ownership of the stock
of the Company;

(iii) an acquisition of voting securities from the Company; or

(iv) an acquisition of voting securities pursuant to a transaction described in
§ 2.5(a) that would not be a Change in Control under § 2.5(a); and

for purposes of clarification, an acquisition of the Company’s securities by the Company that
causes the Company voting securities beneficially owned by a person or group to represent 30% or
more of the combined voting power of the Company’s then-outstanding voting securities is not to be
treated as an “acquisition” by any person or group for purposes of this § 2.5(b);

(c) the Incumbent Directors (as defined hereafter) cease for any reason (other than ordinary
course events, such as death or retirement situations), to constitute at least a majority of the
members of the Board. “Incumbent Directors” means (x) the members of the Board on the Effective
Date, (y) any director whose election or nomination as director was approved by a vote of at least
2/3 of the Incumbent Directors in office at the time of such vote, and (z) any director serving on
the Board as a result of the consummation of a transaction described in § 2.5(a) that would not be
a Change in Control under § 2.5(a); provided, however, that no director will constitute an
Incumbent Director if their initial assumption of office occurred as a result of an actual or
threatened (a) election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a person or group other
than the Board or (b) tender offer, merger, sale of substantially all of the Company’s assets,
consolidation, reorganization, or business combination that would be a Change in Control under §
2.5(a) on the consummation thereof.

(d) the approval by the Company’s shareholders of a liquidation or dissolution of the Company
other than in connection with a transaction described in § 2.5(a) that would not be a Change in
Control thereunder.

Except as otherwise specifically defined in this § 2.5, the term “person” means an individual,
corporation, partnership, trust, association or any other entity or organization.

2.6 Code—means the Internal Revenue Code of 1986, as amended.

2.7 Committee—means the Compensation Committee of the Board or a subcommittee of such
Compensation Committee, which committee or subcommittee shall have at least 2 members, each of whom
shall be appointed by and shall serve at the pleasure of the Board and shall come within the
definition of a “non-employee director” under Rule 16b-3 and, with respect to Stock Grants granted
prior to November 2, 2017 which were intended to qualify as “performance-based compensation” under
§ 162(m) of the Code, as amended by the Tax Cuts and Jobs Act, an “outside director” under § 162(m)
of the Code.

2.8 Company—means FleetCor Technologies, Inc. and any successor to FleetCor
Technologies, Inc.

2.9 Director—means any member of the Board who is not an employee of the Company or a
Parent or Subsidiary or affiliate (as such term is defined in Rule 405 of the 1933 Act) of the
Company.

2.10 Fair Market Value—means for any date (a) the closing price for a share of Stock
on the New York Stock Exchange on such date as reported by The Wall Street Journal or, if
The Wall Street Journal no longer reports such closing price, (b) such closing price as
reported by a financial network or newspaper or trade journal selected by the Committee or, if no
such closing price is available on such date, (c) such closing price as so reported in accordance
with § 2.10(a) for the immediately preceding business day, or, if no newspaper or trade journal
reports such closing price or if no such price quotation is available, (d) the current fair market
value of a share of Stock that the Committee acting in good faith determines through the reasonable
application of a reasonable valuation method which takes into consideration in applying its
methodology all available information material to the value of the Company, considering factors
including (as applicable) (1) the value of the Company’s tangible and intangible assets, (2) the
present value of the Company’s anticipated future cash-flows, (3) the market value of equity
interests in similar companies engaged in trades or businesses substantially similar to those
engaged in by the Company, the value of which can be readily determined through nondiscretionary,
objective means (such as through trading prices on an established securities market or an amount
paid in an arms-length private transaction), (4) recent arm’s length transactions involving the
sale or transfer of shares of Stock, and (5) other relevant factors such as control premiums or
discounts for lack of marketability and whether the valuation method is used for other purposes
that have a material economic effect on the Company, the holders of Stock or the Company’s
creditors.

2.11 Good Reason—means, unless otherwise provided in a Key Employee’s employment
agreement, Option Certificate, Stock Appreciation Right Certificate or Stock Grant Certificate or
unless the Committee provides otherwise in connection with a Change in Control:

(a) any significant reduction by the Company of the Key Employee’s authority, duties, titles
or responsibilities; provided, however, a change in the Key Employee’s title that is not
accompanied by a significant reduction in the Key Employee’s duties or responsibilities shall not
satisfy this § 2.11(a);

(b) a significant reduction by the Company in the Key Employee’s base salary or bonus
opportunity unless such reduction is part of a reduction that is applied on a uniform basis to
similarly situated employees; or

(c) any material breach by the Company of any other provision of its agreement with the Key
Employee;

provided, however,

(d) Good Reason shall not exist unless the Key Employee shall first give written notice of the
facts and circumstances providing Good Reason to the Company and shall allow the Company no less
than twenty (20) days to remedy, cure or rectify the situation giving rise to Good Reason; and

(e) the Company’s failure to continue the Key Employee’s appointment or election as a director
or officer of any of its Affiliates shall not constitute Good Reason.

2.12 ISO—means an option granted under this Plan to purchase Stock which is intended
to satisfy the requirements of § 422 of the Code.

2.13 Key Employee—means an employee of the Company or any Subsidiary or Parent or
Affiliate to whom the Committee decides for reasons sufficient to the Committee to make a grant
under this Plan.

2.14 1933 Act—means the Securities Act of 1933, as amended.

2.15 1934 Act—means the Securities Exchange Act of 1934, as amended.

2.16 Net Option Exercise—means the exercise of an Option under § 7.5 pursuant to a
cashless exercise procedure which results in the issuance of a number of shares of Stock comparable
to the number of shares of Stock which would have been issued pursuant to the exercise of a Stock
Appreciation Right which covered the same number of shares of Stock as the Option and had an SAR
Value equal to the Option Price under such Option.

2.17 Non-ISO—means an option granted under this Plan to purchase Stock which is
intended to fail to satisfy the requirements of § 422 of the Code.

2.18 Option—means an ISO or a Non-ISO which is granted under § 7.

2.19 Option Certificate—means the certificate (whether in electronic or written form)
which sets forth the terms and conditions of an Option.

2.20 Option Price—means the price which shall be paid to purchase one share of Stock
upon the exercise of an Option granted under this Plan.

2.21 Parent—means any corporation which is a parent corporation (within the meaning of
§ 424(e) of the Code) of the Company.

2.22 Plan—means this FleetCor Technologies, Inc. 2010 Equity Compensation Plan as
effective in accordance with § 4 and as amended from time to time thereafter in accordance with
§ 15.

2.23 Protection Period shall mean the two (2) year period which begins on the date of
a Change in Control.

2.24 Rule 16b-3—means the exemption under Rule 16b-3 to Section 16(b) of the 1934 Act
or any successor to such rule.

2.25 SAR Value—means the value assigned by the Committee to a share of Stock in
connection with the grant of a Stock Appreciation Right under § 8.

2.26 Stock—means the common stock of the Company.

2.27 Stock Appreciation Right—means a right which is granted under § 8 to receive the
appreciation in a share of Stock.

2.28 Stock Appreciation Right Certificate—means the certificate (whether in electronic
or written form) which sets forth the terms and conditions of a Stock Appreciation Right which is
not granted as part of an Option.

2.29 Stock Grant—means a grant under § 9 which provides exclusively for the issuance
of shares of Stock.

2.30 Stock Grant Certificate—means the certificate (whether in electronic or written
form) which sets forth the terms and conditions of a Stock Grant.

2.31 Subsidiary—means a corporation which is a subsidiary corporation (within the
meaning of § 424(f) of the Code) of the Company.

2.32 Ten Percent Shareholder—means a person who owns (after taking into account the
attribution rules of § 424(d) of the Code) more than ten percent of the total combined voting power
of all classes of stock of either the Company, a Subsidiary or Parent.

§ 3. 

SHARES AND GRANT LIMITS

3.1 Shares Reserved. Subject to § 13, the number of shares of Stock reserved for
issuance under this Plan shall be increased by 3,500,000 shares (the “Share Increase”), which will
increase the number of shares authorized under the 2013 Plan from 13,250,000 shares (the “2013
Share Pool”) to 16,750,000 shares. For sake of clarity, the shares of Stock available for issuance
under the Plan shall be reduced by the number of shares of Stock issued or issuable pursuant to
awards granted under the 2010 Plan or 2013 Plan prior to the Effective Date. No more than
3,194,550 shares shall (subject to § 13) be granted as Stock Grants from the 2013 Share Pool. All
shares available for issuance under this Plan shall be available for issuance pursuant to ISOs.

3.2 Source of Shares. The shares of Stock described in § 3.1 shall be reserved to the
extent that the Company deems appropriate from authorized but unissued shares of Stock and from
shares of Stock which have been reacquired by the Company.

3.3 Reduction and Restoration of Shares Reserved. All shares of Stock reserved for
issuance under § 3.1 shall remain available for issuance under this Plan until issued pursuant to
the exercise of an Option or a Stock Appreciation Right or issued pursuant to a Stock Grant;
provided,

(a) any shares which are issued pursuant to a Stock Grant and which thereafter are forfeited
shall again be available for issuance under § 3.1;

(b) any shares of Stock issued or otherwise used to satisfy a tax withholding obligation under
§ 16.3 shall no longer be available for issuance under § 3.1;

(c) any shares of Stock which are tendered to the Company to pay the Option Price of an Option
or which are tendered to the Company in satisfaction of any condition to a Stock Grant shall not be
added to the shares of Stock reserved for issuance under § 3.1;

(d) the number of shares of Stock reserved for issuance under § 3.1 shall be reduced on a
share-by-share basis for each share of Stock issued in connection with the exercise of a Stock
Appreciation Right or an Option or (subject to § 3.3(a)) pursuant to a Stock Grant;

(e) any shares of Stock that were subject to a stock-settled Stock Appreciation Right that
were not issued upon the exercise of such Stock Appreciation Right shall not be added to the shares
of Stock reserved for issuance under § 3.1; and

(f) any shares of Stock that are purchased by the Company with proceeds from the exercise of
an Option shall not be added to the shares of Stock reserved for issuance under § 3.1.

3.4 Use of Proceeds. The proceeds which the Company receives from the sale of any
shares of Stock under this Plan shall be used for general corporate purposes and shall be added to
the general funds of the Company.

3.5 Grant Limits.

(a) Subject to § 13, no Key Employee in any calendar year shall be granted Options, Stock
Appreciation Rights, and/or Stock Grants which in the aggregate are with respect to more than
1,000,000 shares of Stock (i.e., the number of shares of Stock that may be purchased pursuant to
Options granted to a Key Employee in any calendar year, plus the number of shares of Stock with
respect to which Stock Appreciation Rights granted to a Key Employee in any calendar year are
based, plus the number of shares of Stock granted to a Key Employee in any calendar year pursuant
to a Stock Grant shall not, in the aggregate, exceed 1,000,000).

(b) During the 2018 and 2019 calendar years, no Options, Stock Appreciation Rights or Stock
Grants may be granted from the Share Increase to the Company’s current Chief Executive Officer, Ron
Clarke.

(c) No Director in any calendar year shall be granted Options, Stock Appreciation Rights
and/or Stock Grants which have an aggregate fair value in excess of $500,000, determined under
applicable accounting standards as of the date of grant.

3.6 Minimum Vesting Period. Any Option, Stock Appreciation Right or Stock Grant
granted by the Committee after the Effective Date under the Plan shall be subject to a minimum
vesting period of not less than one year from the date the Option, Stock Appreciation Right or
Stock Grant is awarded; provided, however, that the foregoing minimum vesting period shall not
apply in connection with (a) a Change in Control, (b) a key employee terminating employment due to
death or disability or a director ceasing service due to death or disability, (c) a substitute
award granted in connection with a transaction pursuant to § 13.3 that does not reduce the vesting
period of the award being replaced, or (d) Options, Stock Appreciation Rights or Stock Grants,
which in aggregate cover a number of shares of Stock not to exceed five (5%) of the total number of
shares of Stock available under the Plan as of the Effective Date. For the purposes hereof,
“disability” shall mean a physical or mental incapacity which impairs the individual’s ability to
substantially perform his or her duties for a period of one hundred eighty (180) days, as
determined by the Committee based on information provided to it.

§ 4. 

EFFECTIVE DATE

The Plan shall become effective on the date on which the Plan is approved by the stockholders of
the Company (the “Effective Date”).

§ 5. 

COMMITTEE

This Plan shall be administered by the Committee. The Committee acting in its absolute discretion
shall exercise such powers and take such action as expressly called for under this Plan and,
further, the Committee shall have the power to interpret this Plan and (subject to § 14 and § 15
and Rule 16b-3) to take such other action in the administration and operation of this Plan as the
Committee deems equitable under the circumstances, which action shall be binding on the Company, on
each affected Key Employee or Director and on each other person directly or indirectly affected by
such action. Furthermore, the Committee as a condition to making any grant under this Plan to any
Key Employee or Director shall have the right to require him or her to execute an agreement which
makes the Key Employee or Director subject to non-competition provisions and other restrictive
covenants which run in favor of the Company.

§ 6. 

ELIGIBILITY

Only Key Employees who are employed by the Company or a Subsidiary or Parent shall be eligible for
the grant of ISOs under this Plan. All Key Employees and all Directors shall be eligible for the
grant of Non-ISOs and Stock Appreciation Rights and for Stock Grants under this Plan.

§ 7. 

OPTIONS

7.1 Committee Action. The Committee acting in its absolute discretion shall have the
right to grant Options to Key Employees and to Directors under this Plan from time to time to
purchase shares of Stock, and Options may be granted for any reason the Committee deems
appropriate, including as a substitute for compensation otherwise payable in cash.

7.2 Option Certificate. Each grant of an Option shall be evidenced by an Option
Certificate, and each Option Certificate shall set forth whether the Option is an ISO or a Non-ISO
and shall set forth such other terms and conditions of such grant as the Committee acting in its
absolute discretion deems consistent with the terms of this Plan; however, (a) if the Committee
grants an ISO and a Non-ISO to a Key Employee on the same date, the right of the Key Employee to
exercise the ISO shall not be conditioned on his or her failure to exercise the Non-ISO and (b) no
Option Certificate shall provide for the automatic grant of any new Option upon the exercise of an
Option subject to such Option Certificate.

7.3 $100,000 Limit. No Option shall be treated as an ISO to the extent that the
aggregate Fair Market Value of the Stock subject to the Option which would first become exercisable
in any calendar year exceeds $100,000. Any such excess shall instead automatically be treated as a
Non-ISO. The Committee shall interpret and administer the ISO limitation set forth in this § 7.3
in accordance with § 422(d) of the Code, and the Committee shall treat this § 7.3 as in effect only
for those periods for which § 422(d) of the Code is in effect.

7.4 Option Price. The Option Price for each share of Stock subject to an Option shall
be no less than the Fair Market Value of a share of Stock on the date the Option is granted;
provided, however, if the Option is an ISO granted to a Key Employee who is a Ten Percent
Shareholder, the Option Price for each share of Stock subject to such ISO shall be no less than
110% of the Fair Market Value of a share of Stock on the date such ISO is granted. The Committee
shall not (except in accordance with § 13 and § 14) take any action absent the approval of the
Company’s shareholders (whether through an amendment, a cancellation, making replacement grants or
exchanges or any other means) to directly or indirectly reduce the Option Price of any outstanding
Option or to make a tender offer for any Option if the Option Price for such Option on the
effective date of such tender offer exceeds the then Fair Market Value of a share of Stock subject
to such Option.

7.5 Payment. The Option Price shall be payable in full upon the exercise of any
Option and, at the discretion of the Committee, an Option Certificate can provide for the payment
of the Option Price either in cash, by check, in Stock or through any cashless exercise procedure
which is acceptable to the Committee, including a Net Option Exercise, or in any combination of
such forms of payment. Any payment made in Stock shall be treated as equal to the Fair Market
Value of such Stock on the date action acceptable to the Committee is taken to tender such Stock to
the Committee or its delegate.

7.6 Exercise.

(a) Vesting. Subject to the minimum vesting requirements of Section 3.6, the Committee
may condition the right to exercise an Option on the satisfaction of a service requirement or a
performance requirement or on the satisfaction of more than one such requirement or the
satisfaction of any combination of such requirements or may grant an Option which is not subject to
any such requirements, all as determined by the Committee in its discretion and as set forth in the
related Option Certificate.

(b) Exercise Period. Each Option granted under this Plan shall be exercisable in
whole or in part to the extent vested at such time or times as set forth in the related Option
Certificate, but no Option Certificate shall make an Option exercisable on or after the earlier of

(1) the date which is the fifth anniversary of the date the Option is granted, if the
Option is an ISO and the Key Employee is a Ten Percent Shareholder on the date the Option is
granted, or

(2) the date which is the tenth anniversary of the date the Option is granted, if the
Option is (a) a Non-ISO or (b) an ISO which is granted to a Key Employee who is not a Ten
Percent Shareholder on the date the Option is granted.

(c) Termination of Status as Key Employee or Director. Subject to § 7.6(a), an Option
Certificate may provide for the exercise of an Option after a Key Employee’s or a Director’s status
as such has terminated for any reason whatsoever, including death or disability.

§ 8. 

STOCK APPRECIATION RIGHTS

8.1 Committee Action. The Committee acting in its absolute discretion shall have the
right to grant Stock Appreciation Rights to Key Employees and to Directors under this Plan from
time to time, and each Stock Appreciation Right grant shall be evidenced by a Stock Appreciation
Right Certificate or, if such Stock Appreciation Right is granted as part of an Option, shall be
evidenced by the Option Certificate for the related Option. Stock Appreciation Rights may be
granted for any reason the Committee deems appropriate, including as a substitute for compensation
otherwise payable in cash. The Committee shall not (except in accordance with § 13 and § 14) take
any action absent the approval of the Company’s shareholders (whether through an amendment, a
cancellation, making replacement grants or exchanges or any other means) to directly or indirectly
reduce the SAR Value of any outstanding Stock Appreciation Right or to make a tender offer for any
Stock Appreciation Right if the SAR Value for such Stock Appreciation Right on the effective date
of such tender offer exceeds the then Fair Market Value of a share of Stock with respect to which
the appreciation in such Stock Appreciation Right is based.

8.2 Terms and Conditions.

(a) Stock Appreciation Right Certificate. If a Stock Appreciation Right is granted
independent of an Option, such Stock Appreciation Right shall be evidenced by a Stock Appreciation
Right Certificate, and such certificate shall set forth the number of shares of Stock on which the
Key Employee’s or Director’s right to appreciation shall be based and the SAR Value of each share
of Stock. The SAR Value shall be no less than the Fair Market Value of a share of Stock on the
date the Stock Appreciation Right is granted. The Stock Appreciation Right Certificate shall set
forth such other terms and conditions for the exercise of the Stock Appreciation Right as the
Committee deems appropriate under the circumstances, but no Stock Appreciation Right Certificate
shall make a Stock Appreciation Right exercisable on or after the date which is the tenth
anniversary of the date such Stock Appreciation Right is granted.

(b) Option Certificate. If a Stock Appreciation Right is granted together with an
Option, such Stock Appreciation Right shall be evidenced by the related Option Certificate, the
number of shares of Stock on which the Key Employee’s or Director’s right to appreciation is based
shall be no more than the number of shares of Stock subject to the related Option, and the SAR
Value for each such share of Stock shall be no less than the Option Price under the related Option.
Each such Option Certificate shall provide that the exercise of the Stock Appreciation Right with
respect to any share of Stock shall cancel the Key Employee’s or Director’s right to exercise his
or her Option with respect to such share and, conversely, that the exercise of the Option with
respect to any share of Stock shall cancel the Key Employee’s or Director’s right to exercise his
or her Stock Appreciation Right with respect to such share. A Stock Appreciation Right which is
granted as part of an Option shall be exercisable only while the related Option is exercisable.
The Option Certificate shall set forth such other terms and conditions for the exercise of the
Stock Appreciation Right as the Committee deems appropriate under the circumstances.

(c) Vesting. Subject to the minimum vesting requirements of Section 3.6, the
Committee may condition the right to exercise a Stock Appreciation Right on the satisfaction of a
service requirement or a performance requirement or on the satisfaction of more than one such
requirement or the satisfaction of any combination of such requirements or may grant a Stock
Appreciation Right which is not subject to any such requirements, all as determined by the
Committee in its discretion and as set forth in the related Stock Appreciation Right Certificate.

8.3 Exercise. A Stock Appreciation Right shall be exercisable to the extent vested
only when the Fair Market Value of a share of Stock on which the right to appreciation is based
exceeds the SAR Value for such share, and the payment, if any, due on exercise shall be based on
such excess with respect to the number of shares of Stock to which the exercise relates. A Key
Employee or Director upon the exercise of his or her Stock Appreciation Right shall receive a
payment from the Company in cash or in Stock issued under this Plan, or in a combination of cash
and Stock, and the number of shares of Stock issued shall be based on the Fair Market Value of a
share of Stock on the date the Stock Appreciation Right is exercised. The Committee acting in its
absolute discretion shall have the right to determine the form and time of any payment under this
§ 8.3, subject to the requirements of Section 409A of the Code.

§ 9. 

STOCK GRANTS

9.1 Committee Action. The Committee acting in its absolute discretion shall have the
right to make Stock Grants to Key Employees and to Directors, and Stock Grants may be made for any
reason the Committee deems appropriate, including as a substitute for compensation otherwise
payable in cash. A Stock Grant, at the discretion of the Committee, may be issued in the form of
Stock Awards, Performance Shares, or Performance Units. Subject to the minimum vesting requirements
of Section 3.6, a “Stock Award” may provide for a contractual right to the issuance of Stock to a
Key Employee or Director only after the satisfaction of specific employment or performance or other
terms and conditions set by the Committee or may provide for the issuance of Stock to a Key
Employee or Director at the time the grant is made, and any Stock issued pursuant to a Stock Award
may be issued subject to the satisfaction of specific employment or performance or other vesting
terms and conditions which, if not satisfied, will result in the forfeiture of the Stock issued to
the Key Employee or Director. A “Performance Share” will have an initial value equal to the fair
market value of a share of Stock on the date of grant. A “Performance Unit” will have an initial
notional value that is established by the Committee at the time of grant. The Committee will set
performance goals which, depending on the extent to which they are met during the performance
period, and the satisfaction of applicable service-based vesting conditions (subject to the minimum
vesting requirements of Section 3.6), will determine the number or value of the Performance Shares
or Performance Units that will vest (which number or value may be greater than the target number of
Performance Shares or Performance Units granted to a Key Employee or Director) and be paid to the
such Employee or Director. At the close of the performance period and at the time specified in the
Stock Grant Certificate, any earned Performance Shares will be paid in Stock unless otherwise
specified in the Stock Grant Certificate, and any earned Performance Units will be paid in the form
of cash, Stock, or a combination, as specified in the Stock Grant Certificate. Each Stock Grant
shall be evidenced by a Stock Grant Certificate, and each Stock Grant Certificate shall set forth
the terms and conditions, if any, under which Stock will be issued under the Stock Grant and the
terms and conditions, if any, under which the Key Employee’s or Director’s interest in any Stock
which has been so issued will become vested and non-forfeitable.

9.2 Conditions.

(a) Conditions to Issuance of Stock under a Stock Grant. The Committee acting in its
absolute discretion may make the issuance of Stock pursuant to a Stock Grant subject to the
satisfaction of one, or more than one, employment, performance or other term or condition which the
Committee deems appropriate under the circumstances for Key Employees or Directors generally or for
a Key Employee or a Director in particular, and the related Stock Grant Certificate shall set forth
each such term or condition and the deadline for satisfying each such term or condition. Stock
issued pursuant to a Stock Grant shall be issued in the name of a Key Employee or Director under
§ 9.2(b) only after each such term or condition, if any, has been timely satisfied, and any Stock
which is so issued shall be held by the Company pending the satisfaction of the related vesting
terms and conditions, if any, under § 9.2(b) for the Stock Grant.

(b) Conditions Vesting with respect to Stock Issued. The Committee acting in its
absolute discretion may make any Stock issued in the name of a Key Employee or Director pursuant to
a Stock Grant subject to the satisfaction of one, or more than one, objective employment,
performance or other vesting term or condition that the Committee acting in its absolute discretion
deems appropriate under the circumstances for Key Employees or Directors generally or for a Key
Employee or a Director in particular, and the related Stock Grant Certificate shall set forth each
such vesting term or condition, if any, and the deadline, if any, for satisfying each such vesting
term or condition. A Key Employee’s or a Director’s vested and non-forfeitable interest in the
shares of Stock underlying a Stock Grant shall depend on the extent to which he or she timely
satisfies each such vesting term or condition. If a share of Stock is issued under this § 9.2(b)
before a Key Employee’s or Director’s interest in such share of Stock vested and is
non-forfeitable, the Company shall have the right to condition any such issuance on the Key
Employee or Director first signing an irrevocable stock power in favor of the Company with respect
to the forfeitable shares of Stock issued to such Key Employee or Director in order for the Company
to effect any forfeiture called for under the related Stock Grant Certificate.

9.3 Dividends, Creditor Status and Voting Rights.

(a) Cash Dividends. If a dividend is paid in cash with respect to a share of Stock
after such share of Stock has been issued under a Stock Grant but before the first date that a Key
Employee’s or a Director’s interest in such share of Stock becomes completely non-forfeitable, the
Company shall delay the payment of such cash dividend until his or her interest in such share of
Stock becomes completely non-forfeitable and then shall pay such cash dividend (without interest)
directly to such Key Employee or Director before the end of the 45 day period which starts on the
date his or her interest in such share of Stock becomes completely non-forfeitable. Neither a Key
Employee nor a Director shall have the right to assign his or her claim to the payment of a
dividend under this § 9.3(a), and any Key Employee’s claim or Director’s claim to any such payment
shall be no different than the claim of a general and unsecured creditor of the Company to a
payment related to his or her compensation due from the Company. Finally, if a Key Employee or
Director forfeits his or her interest in a share of Stock, he or she shall forfeit any right to the
payment of any cash dividend with respect to such share of Stock.

(b) Stock Dividends. If a dividend is paid on a share of Stock in Stock or other
property after such share of Stock has been issued under a Stock Grant but before the first date
that a Key Employee’s or a Director’s interest in such share of Stock (1) is forfeited completely
or (2) becomes completely non-forfeitable, the Company shall hold such dividend subject to the same
forfeiture conditions under § 9.2(b) as applicable to the related Stock Grant. Neither a Key
Employee nor a Director shall have the right to assign his or her claim to the payment of a
dividend under this § 9.3(b), and any Key Employee’s claim or Director’s claim to any such payment
shall be no different than the claim of a general and unsecured creditor of the Company to a
payment related to his or her compensation due from the Company. Finally, if a Key Employee or a
Director forfeits his or her interest in a share of Stock, he or she shall forfeit any right to any
dividend described in this § 9.3(b) with respect to such share of Stock.

(c) Voting. Except as otherwise set forth in a Stock Grant Certificate, a Key
Employee or a Director shall have the right to vote the Stock issued under his or her Stock Grant
during the period which comes after such Stock has been issued but before the first date that a Key
Employee’s or Director’s interest in such Stock (1) is forfeited completely or (2) becomes
completely non-forfeitable subject to the same rules as applicable to any other person who is
issued shares of Stock on such date.

9.4 Satisfaction of Forfeiture Conditions. A share of Stock shall cease to be subject
to a Stock Grant at such time as a Key Employee’s or a Director’s interest in such Stock becomes
vested and non-forfeitable under this Plan, and the certificate or other evidence of ownership
representing such share shall be transferred to the Key Employee or Director as soon as practicable
thereafter.

9.5 Performance Goals for Income Tax Deduction.

(a) General. Stock Grants made to Key Employees on or after the Effective Date may,
where the Committee under the circumstances deems it to be in the Company’s best interest, be
granted subject to a condition related to one, or more than one, performance goal based on the
performance goals described in § 9.5(b).

(b) Performance Goals. A performance goal is described in this § 9.5(b) if such goal
relates to (1) the Company’s return over capital costs or increases in return over capital costs,
(2) the Company’s total earnings or the growth in such earnings, (3) the Company’s consolidated
earnings or the growth in such earnings, (4) the Company’s earnings per share or the growth in such
earnings, (5) the Company’s net earnings or the growth in such earnings, (6) the Company’s earnings
before interest expense, taxes, depreciation, amortization and other non-cash items or the growth
in such earnings, (7) the Company’s earnings before interest and taxes or the growth in such
earnings, (8) the Company’s consolidated net income or the growth in such income, (9) the value of
the Company’s stock or the growth in such value, (10) the Company’s stock price or the growth in
such price, (11) the Company’s return on assets or the growth on such return, (12) the Company’s
cash flow or the growth in such cash flow, (13) the Company’s total shareholder return or the
growth in such return, (14) the Company’s expenses or the reduction of such expenses, (15) the
Company’s sales growth, (16) the Company’s overhead ratios or changes in such ratios, (17) the
Company’s expense-to-sales ratios or the changes in such ratios, or (18) the Company’s economic
value added or changes in such value added, (19) the Company’s gross margin or the growth in such
gross margin, or (20) the Company’s bad debt expense or the reduction in such bad debt expense.

(c) Alternative Goals. The Committee shall set the performance goal or goals under
this § 9.5, and no goal shall be treated as satisfied under this § 9.5 until the Committee
certifies that such goal has been satisfied. A performance goal may be set in any manner
determined by the Committee, including looking to achievement on an absolute or relative basis in
relation to peer groups or indexes, and the Committee may set more than one goal. No change may be
made to a performance goal after the goal has been set. However, the Committee may express any
goal in terms of alternatives, or a range of alternatives, as the Committee deems appropriate under
the circumstances, such as including or excluding (1) any acquisitions or dispositions,
restructuring, discontinued operations, extraordinary items and other unusual or non-recurring
charges, (2) any event either not directly related to the operations of the Company or not within
the reasonable control of the Company’s management or (3) the effects of tax or accounting changes.

(d) Changes in Law. The Committee shall administer any Stock Grants granted prior to
November 2, 2017 which qualify as “performance-based compensation” under § 162(m) of the Code, as
amended by the Tax Cuts and Jobs Act (the “Law Changes”), in accordance with the transition rules
applicable to binding contracts on November 2, 2017, and shall have the sole discretion to revise
this § 9.5 to conform with such Law Changes and the Committee’s administrative practices, all
without obtaining further shareholder approval.

§ 10. 

NON-TRANSFERABILITY

No Option, Stock Appreciation Right or Stock Grant shall (absent the Committee’s express, written
consent) be transferable by a Key Employee or a Director other than by will or by the laws of
descent and distribution, and any Option or Stock Appreciation Right shall (absent the Committee’s
express, written consent) be exercisable during a Key Employee’s or Director’s lifetime only by the
Key Employee or Director. The person or persons to whom an Option or Stock Appreciation Right or
Stock Grant is transferred by will or by the laws of descent and distribution (or with the
Committee’s express, written consent) thereafter shall be treated as the Key Employee or Director.

§ 11. 

SECURITIES REGISTRATION

As a condition to the receipt of shares of Stock under this Plan, the Key Employee or Director
shall, if so requested by the Company, agree to hold such shares of Stock for investment and not
with a view of resale or distribution to the public and, if so requested by the Company, shall
deliver to the Company a written statement satisfactory to the Company to that effect.
Furthermore, if so requested by the Company, the Key Employee or Director shall make a written
representation to the Company that he or she will not sell or offer for sale any of such Stock
unless a registration statement shall be in effect with respect to such Stock under the 1933 Act
and any applicable state securities law or he or she shall have furnished to the Company an opinion
in form and substance satisfactory to the Company of legal counsel satisfactory to the Company that
such registration is not required. Certificates or other evidence of ownership representing the
Stock transferred upon the exercise of an Option or Stock Appreciation Right or upon the lapse of
the forfeiture conditions, if any, on any Stock Grant may at the discretion of the Company bear a
legend to the effect that such Stock has not been registered under the 1933 Act or any applicable
state securities law and that such Stock cannot be sold or offered for sale in the absence of an
effective registration statement as to such Stock under the 1933 Act and any applicable state
securities law or an opinion in form and substance satisfactory to the Company of legal counsel
satisfactory to the Company that such registration is not required.

§ 12. 

LIFE OF PLAN

No Option or Stock Appreciation Right shall be granted or Stock Grant made under this Plan on or
after the earlier of:

	 	(1)	 	the tenth anniversary of the effective date of this Plan (as determined under § 4), in
which event this Plan otherwise thereafter shall continue in effect until all outstanding
Options and Stock Appreciation Rights have been exercised in full or no longer are
exercisable and all Stock issued under any Stock Grants under this Plan have been forfeited
or have become non-forfeitable, or

	 	(2)	 	the date on which all of the Stock reserved under § 3 has (as a result of the exercise
of Options or Stock Appreciation Rights granted under this Plan or the satisfaction of the
vesting terms and conditions, if any, with respect to Stock Grants) been issued or no
longer is available for use under this Plan, in which event this Plan also shall terminate
on such date.

§ 13. 

ADJUSTMENT

13.1 Capital Structure. The grant limits described in § 3.5, the number, kind or
class (or any combination thereof) of shares of Stock subject to outstanding Options and Stock
Appreciation Rights granted under this Plan and the Option Price of such Options and the SAR Value
of such Stock Appreciation Rights as well as the number, kind or class (or any combination thereof)
of shares of Stock subject to outstanding Stock Grants made under this Plan shall be adjusted by
the Committee in a reasonable and equitable manner to preserve immediately after

(a) any equity restructuring or change in the capitalization of the Company, including, but
not limited to, spin offs, stock dividends, large non-reoccurring cash or stock dividends, rights
offerings or stock splits, or

(b) any other transaction described in § 424(a) of the Code which does not constitute a Change
in Control of the Company

the aggregate intrinsic value of each such outstanding Option, Stock Appreciation Right and Stock
Grant immediately before such restructuring or recapitalization or other transaction.

13.2 Shares Reserved. If any adjustment is made with respect to any outstanding
Option, Stock Appreciation Right or Stock Grant under § 13.1, then the Committee shall adjust the
number, kind or class (or any combination thereof) of shares of Stock reserved under § 3.1. The
Committee shall have the discretion to limit such adjustment to account only for the number, kind
and class of shares of Stock subject to each such Option, Stock Appreciation Right and Stock Grant
as adjusted under § 13.1 or to further adjust such number, kind or class (or any combination
thereof) of shares of Stock reserved under § 3.1 to account for a reduction in the total number of
shares of Stock then reserved under § 3.1 which would result from the events described in § 13.1(a)
and § 13.1(b) if no action was taken by the Committee under this § 13.2. The Committee may make
any adjustment provided for in this § 13.2 without seeking the approval of the Company’s
shareholders for such adjustment unless the Committee acting on the advice of counsel determined
that such approval is required under applicable law or the rules of the stock exchange on which
shares of Stock are traded.

13.3 Transactions Described in § 424 of the Code. If there is a corporate transaction
described in § 424(a) of the Code which does not constitute a Change in Control of the Company, the
Committee as part of any such transaction shall have right to make Stock Grants and Option and
Stock Appreciation Right grants (without regard to any limitations set forth under § 3.5 of this
Plan) to effect the assumption of, or the substitution for, outstanding stock grants and option and
stock appreciation right grants previously made by any other corporation to the extent that such
corporate transaction calls for such substitution or assumption of such outstanding stock grants
and stock option and stock appreciation right grants. Furthermore, if the Committee makes any such
grants as part of any such transaction, the Committee shall have the right to increase the number
of shares of Stock available for issuance under § 3.1 by the number of shares of Stock subject to
such grants without seeking the approval of the Company’s shareholders for such adjustment unless
such approval is required under applicable law or the rules of the stock exchange on which shares
of Stock are traded.

13.4 Fractional Shares. If any adjustment under this § 13 would create a fractional
share of Stock or a right to acquire a fractional share of Stock under any Option, Stock
Appreciation Right or Stock Grant, such fractional share shall be disregarded and the number of
shares of Stock reserved under this Plan and the number subject to any Options, Stock Appreciation
Right grants and Stock Grants shall be the next lower number of shares of Stock, rounding all
fractions downward. An adjustment made under this § 13 by the Committee shall be conclusive and
binding on all affected persons.

§ 14. 

CHANGE IN CONTROL

14.1 No Continuation or Assumption of Plan or Grants/Terms of Certificate.

(a) Application. This § 14.1 applies only if (i) there is a Change in Control and all
of the outstanding Options, Stock Appreciation Rights and Stock Grants granted under this Plan are
not continued in full force and effect or there is no assumption or substitution of the Options,
Stock Appreciation Rights and Stock Grants (with their terms and conditions unchanged) granted
under this Plan in connection with such Change in Control, or (ii) solely with respect to an
Option, Stock Appreciation Rights or Stock Grant that was granted prior to the Effective Date of
the A&R Plan, the terms of an Option Certificate, Stock Appreciation Right Certificate or Stock
Grant Certificate expressly provide that this § 14.1 applies to the grant made under such
certificate even if there is such a continuation, assumption, or substitution of such grant or this
Plan.

(b) Full Vesting. Under this § 14.1, if there is a Change in Control of the Company,
then the Board shall have the right to deem at the time of such Change in Control any and all terms
and conditions to the exercise of all outstanding Options and Stock Appreciation Rights on such
date and any and all outstanding issuance and vesting conditions under any Stock Grants on such
date to be 100% satisfied as of such date, and the Board shall have the right (to the extent
expressly required as part of such transaction) to cancel such Options, Stock Appreciation Rights
and Stock Grants after providing each Key Employee and Director a reasonable period to exercise his
or her Options and Stock Appreciation Rights and to take such other action as necessary or
appropriate to receive the Stock subject to any Stock Grants.

14.2 Continuation or Assumption of Plan or Grants. This § 14.2 applies to an Option
Certificate, Stock Appreciation Right Certificate or Stock Grant Certificate if a Change in Control
is not covered by § 14.1(a)(i) and such Certificate is not described in § 14.1(a)(ii). If this
§ 14.2 applies and if (a) a Key Employee’s employment with the Company, any Subsidiary of the
Company, any Parent of the Company, or any Affiliate of the Company is terminated at the Company’s
initiative for reasons other than Cause or is terminated at the Key Employee’s initiative for Good
Reason within the Protection Period or (b) a Director’s service on the Board terminates for any
reason within the two-year period starting on the date of such Change in Control, then any
conditions to the exercise of such Key Employee’s or Director’s outstanding Options and Stock
Appreciation Rights and any then outstanding issuance and forfeiture conditions on such Key
Employee’s or Director’s Stock Grant automatically shall expire and shall have no further force or
effect on or after the date his or her employment or service so terminates.

§ 15. 

AMENDMENT OR TERMINATION

This Plan may be amended by the Board from time to time to the extent that the Board deems
necessary or appropriate; provided, however, (a) no amendment shall be made absent the approval of
the shareholders of the Company to the extent such approval is required under applicable law or the
rules of the stock exchange on which shares of Stock are listed and (b) no amendment shall be made
to § 14 on or after the date of any Change in Control which might adversely affect any rights which
otherwise would vest on the date of such Change in Control. The Board also may suspend granting
Options or Stock Appreciation Rights or making Stock Grants under this Plan at any time and may
terminate this Plan at any time; provided, however, the Board shall not have the right in
connection with any such suspension or termination to unilaterally to modify, amend or cancel any
Option or Stock Appreciation Right granted or Stock Grant unless (1) the Key Employee or Director
consents in writing to such modification, amendment or cancellation or (2) there is a dissolution
or liquidation of the Company or a transaction described in § 14.

§ 16. 

MISCELLANEOUS

16.1 Shareholder Rights. A Key Employee or Director shall not have any rights to
dividends or other rights of a stockholder as a result of the grant of an Option or a Stock
Appreciation Right pending the actual delivery of the Stock subject to such Option or Stock
Appreciation Right to such Key Employee or Director. A Key Employee’s or a Director’s rights as a
shareholder in the shares of Stock which remain subject to forfeiture under § 9.2(b) shall be set
forth in the related Stock Grant Certificate.

16.2 No Contract of Employment. The grant of an Option or a Stock Appreciation Right
or a Stock Grant to a Key Employee or Director under this Plan shall not constitute a contract of
employment or a right to continue to serve on the Board and shall not confer on a Key Employee or
Director any rights upon his or her termination of employment or service in addition to those
rights, if any, expressly set forth in this Plan or the related Option Certificate, Stock
Appreciation Right Certificate or Stock Grant Certificate.

16.3 Tax Withholding. Each Option, Stock Appreciation Right and Stock Grant shall be
made subject to the condition that the Key Employee or Director consents to whatever action the
Committee directs to satisfy the federal and state tax withholding requirements, if any, which the
Company determines are applicable to the exercise of such Option or Stock Appreciation Right or to
the satisfaction of any vesting conditions with respect to Stock subject to a Stock Grant issued in
the name of the Key Employee or Director. No tax withholding shall be effected under this Plan
which exceeds the federal and state tax withholding requirements.

16.4 Construction. All references to sections (§) are to sections (§) of this Plan
unless otherwise indicated. This Plan shall be construed under the laws of the State of Delaware.
Each term set forth in § 2 shall, unless otherwise stated, have the meaning set forth opposite such
term for purposes of this Plan and, for purposes of such definitions, the singular shall include
the plural and the plural shall include the singular. Finally, if there is any conflict between
the terms of this Plan and the terms of any Option Certificate, Stock Appreciation Right
Certificate or Stock Grant Certificate, the terms of this Plan shall control.

16.5 Other Conditions. Each Option Certificate, Stock Appreciation Right Certificate
or Stock Grant Certificate may require that a Key Employee or a Director (as a condition to the
exercise of an Option or a Stock Appreciation Right or the issuance of Stock subject to a Stock
Grant) enter into any agreement or make such representations prepared by the Company, including
(without limitation) any agreement which restricts the transfer of Stock acquired pursuant to the
exercise of an Option or a Stock Appreciation Right or Stock issued pursuant to a Stock Grant or
provides for the repurchase of such Stock by the Company.

16.6 Rule 16b-3. The Committee shall have the right to amend any Option or Stock
Appreciation Right or Stock Grant to withhold or otherwise restrict the transfer of any Stock or
cash under this Plan to a Key Employee or Director as the Committee deems appropriate in order to
satisfy any condition or requirement under Rule 16b-3 to the extent Rule 16 of the 1934 Act might
be applicable to such grant or transfer.

16.7 Coordination with Employment Agreements and Other Agreements. If the Company
enters into an employment agreement or other agreement with a Key Employee or Director which
expressly provides for the acceleration in vesting of an outstanding Option, Stock Appreciation
Right or Stock Grant or for the extension of the deadline to exercise any rights under an
outstanding Option, Stock Appreciation Right or Stock Grant, any such acceleration or extension
shall be deemed effected pursuant to, and in accordance with, the terms of such outstanding Option,
Stock Appreciation Right or Stock Grant and this Plan; provided that any such employment
agreement or other agreement with a Key Employee or Director which expressly provides for the
acceleration in vesting inconsistent with the requirements of § 3.6 shall not apply with respect to
any Option, Stock Appreciation Right or Stock Grant granted on or after the Effective Date of this
Plan.

16.8 Section 409A. It is the intention of the Company that no award shall be deferred
compensation subject to Section 409A of the Code unless and to the extent that the Committee
specifically determines otherwise, and the Plan and the terms and conditions of all awards shall be
interpreted and administered accordingly. The terms and conditions governing any awards that the
Committee determines will be subject to Section 409A of the Code shall be set forth in the
applicable award agreement and shall be intended to comply in all respects with Section 409A of the
Code, and the Plan and the terms and conditions of such awards shall be interpreted and
administered accordingly. The Committee shall not extend the period to exercise an Option or Stock
Appreciation Right to the extent that such extension would cause such Option or Stock Appreciation
Right to become subject to Section 409A of the Code. Unless the Committee provides otherwise in a
Stock Grant Certificate, each Performance Share or Performance Unit shall be paid in full no later
than the fifteenth day of the third month after the end of the first calendar year in which such
Performance Share or Performance Unit is no longer subject to a “substantial risk of forfeiture”
within the meaning of Section 409A of the Code. If the Committee provides in a Stock Grant
Certificate that a Performance Share or Performance Unit is intended to be subject to Section 409A
of the Code, the Stock Grant Certificate shall include terms that comply in all respects with
Section 409A of the Code. Notwithstanding any other provision of the Plan or an award agreement to
the contrary, no event or condition shall constitute a Change in Control with respect to an award
to the extent that, if it were, a 20% additional income tax would be imposed under Section 409A of
the Code on the holder of such award; provided that, in such a case, the event or condition shall
continue to constitute a Change in Control to the maximum extent possible (for example, if
applicable, in respect of vesting without an acceleration of payment of such an award) without
causing the imposition of such 20% tax.

IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Plan to
evidence its adoption of this Plan.

	 	 	 
	FleetCor Technologies, Inc.

	By:

	 	/s/ Eric R. Dey, Chief Financial Officer
	
 
	 	 
	Date:

	 	February 7, 2018

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