Document:

Exhibit 4.2
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DESCRIPTION OF SECURITIES REGISTERED 
UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
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EVO Payments, Inc. (“we,” “our,” “us,” the “Company,” or other such similar references) has two classes of common stock outstanding: our Class A common stock, par value $0.0001 per share (the “Class A common stock”) and Class D common stock, par value $0.0001 per share (the “Class D common stock”). Only the Class A common stock is registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended. 
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Prior to May 25, 2021, the Company had four class of common stock outstanding:  our Class A common stock, Class D common stock, Class B common stock, par value $0.0001 per share (the “Class B common stock”) and Class C common stock, par value $0.0001 per share (the “Class C common stock”).   On May 25, 2021, pursuant to the Company’s certificate of incorporation, all 32,163,538 outstanding shares of Class B common stock were automatically cancelled for no consideration, and each outstanding share of Class C common stock was automatically converted into one share of Class D common stock. 
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Holders of shares of our Class A common stock and Class D common stock vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law.
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The following description summarizes important terms of our capital stock and is qualified in its entirety by reference to our amended and restated certificate of incorporation (our “certificate of incorporation”) and our amended and restated bylaws (our “bylaws”), each of which is incorporated herein by reference and attached as an exhibit to our Annual Report on Form 10-K, as well as the relevant portions of the Delaware General Corporation Law (“DGCL”). This summary does not purport to be complete and may not contain all the information that is important to you.
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Authorized Capital Stock
Our certificate of incorporation authorizes the issuance of 286 million shares of capital stock, including 200 million shares of Class A common stock, 40 million shares of Class B common stock, 4 million shares of Class C common stock, 32 million shares of Class D common stock, and 10 million shares of preferred stock, par value $0.0001 per share (the “preferred stock”).
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Class A Common Stock
Holders of shares of our Class A common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders, including the election of directors. The holders of our Class A common stock do not have cumulative voting rights in the election of directors. Holders of shares of our Class A common stock are entitled to receive dividends when and if declared by our board of directors out of funds legally available therefor, subject to any statutory or contractual restrictions on the payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock.
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Upon our dissolution or liquidation or the sale of all or substantially all of our assets, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of shares of our Class A common stock will be entitled to receive pro rata our remaining assets available for distribution. Holders of shares of our Class A common stock do not have preemptive, subscription, redemption or conversion rights. There will be no redemption or sinking fund provisions applicable to our Class A common stock. Our Class A common stock is listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “EVOP.”
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Class B Common Stock
On May 25, 2021, pursuant to the Company’s certificate of incorporation, all 32,163,538 outstanding shares of Class B common stock were automatically cancelled for no consideration.  We will not reissue any cancelled shares of Class B common stock. 
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Prior to May 25, 2021, Blueapple, which is a controlled entity affiliated with our founder and Chairman of our board of directors, owned 100% of our outstanding Class B common stock.  Following the cancellation of Class B common stock, Blueapple continues to hold 32,163,538 LLC Interests (defined below) and maintains all of its rights under the EVO LLC Agreement (defined below). 
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Class C Common Stock
On May 25, 2021, pursuant to the Company’s certificate of incorporation, each outstanding share of Class C common stock was automatically converted into one share of Class D common stock.  
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Class D Common Stock
Holders of shares of our Class D common stock are entitled to cast one vote for each share held of record on all matters submitted to a vote of stockholders, including the election of directors, with the number of shares of Class D common stock held by each holder being equivalent to the number of LLC Interests held by such holder. 
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Our Class D common stock is non-transferable, other than in connection with a transfer of the single class of common membership of EVO Investco, LLC’s (“EVO LLC”) related interests (“LLC Interests”) to a permitted transferee under the second amended and restated limited liability company agreement, dated as of May 22, 2018 (the “EVO LLC Agreement”), by and between the Company and holders of our Class B common stock, Class C common stock and Class D common stock immediately following the IPO (as defined below), which includes Blueapple, Inc. (“Blueapple”), entities affiliated with Madison Dearborn Partners, LLC (“MDP”), our executive officers, and certain of our current and former employees (collectively, the “Continuing LLC Owners”), in which case a like number of shares of Class D common stock must be transferred to the permitted transferee. 
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The holders of our Class D common stock do not have cumulative voting rights in the election of directors. Holders of our Class D common stock do not have any right to receive dividends or to receive a distribution upon a dissolution or liquidation or the sale of all or substantially all of our assets. Additionally, holders of shares of our Class D common stock do not have preemptive, subscription, redemption or conversion rights. There are no redemption or sinking fund provisions applicable to the Class D common stock. 
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MDP and certain current and former employees own 100% of our outstanding Class D common stock, with the number of shares of Class D common stock held by any such Continuing LLC Owner being equivalent to the number of LLC Interests held by such Continuing LLC Owner. Shares of Class D common stock will only be issued in the future (1) to the extent necessary to maintain a one-to-one ratio between the number of LLC Interests held by Continuing LLC Owners that are holders of Class D common stock and the number of shares of Class D common stock issued to Continuing LLC Owners and (2) upon conversion of our Class C common stock. Shares of Class D common stock will be cancelled on a one-for-one basis if we, at the election of a Continuing LLC Owner, redeem or exchange LLC Interests held by such Continuing LLC Owner pursuant to the terms of the EVO LLC Agreement.
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Preferred Stock
Our certificate of incorporation permits our board of directors to issue up to 10 million shares of preferred stock from time to time in one or more classes or series and may, without further action by our stockholders, fix the rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and the number of shares constituting, or the designation of, such series, any or all of which may be greater than the rights of common stock. The issuance of our preferred stock could adversely affect the voting power of holders of common stock and the likelihood that such holders will receive dividend payments and payments upon our liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change in control of our company or other corporate action.
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Series A Preferred Stock
Our board of directors previously established a series of preferred stock designated as “Series A Convertible Preferred Stock” (the “Series A Preferred Stock”), comprising 152,250 shares of preferred stock, par value $0.0001 per share. Each share of Series A Preferred Stock has the powers, designations, preferences, and other rights of the Series A Preferred Stock as are set forth in the Certificate of Designations of the Series A Preferred Stock filed by the Company with the Delaware Secretary of State on April 21, 2020 (the “Certificate of Designations”).
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The Series A Preferred Stock ranks senior to our Class A common stock with respect to dividends and distributions on liquidation, winding-up and dissolution. Holders of shares of Series A Preferred Stock are entitled to cumulative, paid-in-kind dividends, which are payable semi-annually in arrears by increasing the liquidation preference for each outstanding share of Series A Preferred Stock. Holders of Series A Preferred Stock are also entitled to participate in and receive any dividends declared or paid on the Class A Common Stock on an as-converted basis, and no dividends may be paid to holders of Class A Common Stock unless full participating dividends are concurrently paid to holders of Series A Preferred Stock.
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The holders of the Series A Preferred Stock are generally entitled to vote with the holders of the shares of Class A common stock on all matters submitted for a vote to the Class A common stockholders (voting together with the holders of shares of Class A common stock as one class) on an as-converted basis. Additionally, certain matters will require the approval of the holders of two-thirds of the outstanding Series A Preferred Stock, voting as a separate class, including (1) the authorization, creation, increase in the authorized amount of, or issuance of any class or series of senior or parity equity securities or any security 

convertible into, or exchangeable or exercisable for, shares of senior or parity equity securities, (2) amendments, modifications or repeal of any provision of the Company’s certificate of incorporation or of the Certificate of Designations that would adversely affect the rights, preferences or voting powers of the Series A Preferred Stock, and (3) certain business combinations and binding or statutory share exchanges or reclassification involving the Series A Preferred Stock unless such events do not adversely affect the rights, preferences or voting powers of the Series A Preferred Stock.
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Anti-takeover Effects of Delaware Law and Our Certificate of Incorporation and Bylaws
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The provisions of the DGCL, and our certificate of incorporation and bylaws, could have the effect of discouraging others from attempting an unsolicited offer to acquire our company. Such provisions may also have the effect of preventing changes in our management. It is possible that these provisions could make it more difficult to accomplish transactions that our stockholders may otherwise deem to be in their best interests.
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Election and Removal of Directors. Our board of directors is divided into three classes, with one class subject to reelection in a given year. Our directors may be removed only by the affirmative vote of at least 66 2/3% of all classes of our then-outstanding common stock, voting together as a single class, and only for cause. This system of electing and removing directors generally makes it more difficult for stockholders to replace a majority of our directors.
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Authorized but Unissued Capital Stock. The authorized but unissued shares of our Class A common stock, Class D common stock and preferred stock will be available for future issuance without any further vote or action by our stockholders. These additional shares may be utilized for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans. The existence of authorized but unissued shares of our common stock and our preferred stock could render more difficult or discourage an attempt to obtain control over us by means of a proxy contest, tender offer, merger or otherwise. 
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Stockholder Action; Advance Notification of Stockholder Nominations and Proposals. Our bylaws require that any action required or permitted to be taken by our stockholders must be effected at a duly called annual or special meeting of stockholders and may not be effected by written consent. Our certificate of incorporation also requires that special meetings of stockholders be called only by a majority of our board of directors or our Chairman. Additionally, our bylaws provide that candidates for director may be nominated and other business brought before an annual meeting only by the board of directors or by a stockholder who gives written notice to us no later than 90 days prior to nor earlier than 120 days prior to the first anniversary of the last annual meeting of stockholders. Additionally, our bylaws require advance notice procedures for stockholder proposals to be brought before an annual meeting of the stockholders, including the nomination of directors. Stockholders at an annual meeting may only consider the proposals specified in the notice of meeting or brought before the meeting by or at the direction of the board of directors, or by a stockholder of record on the record date for the meeting, who is entitled to vote at the meeting and who has delivered a timely written notice in proper form to our secretary, of the stockholder's intention to bring such business before the meeting.
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These provisions could have the effect of delaying until the next stockholder meeting any stockholder actions, even if they are favored by the holders of a majority of our outstanding voting securities.
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Amendment to Certificate of Incorporation and Bylaws. The DGCL provides generally that the affirmative vote of a majority of the outstanding stock entitled to vote on amendments to a corporation's certificate of incorporation or bylaws is required to approve such amendment, unless a corporation's certificate of incorporation or bylaws, as the case may be, requires a greater percentage. Our bylaws may be amended or repealed by a majority vote of our board of directors or, in addition to any other vote otherwise required by law, the approval by holders of a majority of the voting power of all of the then outstanding shares of the capital stock entitled to vote generally in the election of directors, voting together as a single class. Additionally, the approval by holders of at least 66 2/3% of the voting power of all of the then outstanding shares of the capital stock entitled to vote generally in the election of directors, voting together as a single class, is required to amend or repeal or to adopt any provision inconsistent with, among others, the “Election and removal of directors,” “Exclusive jurisdiction of certain actions,” “Corporate opportunity doctrine,” “Amendments to Certificate of Incorporation and Bylaws” and “Business Combinations” provisions described in our certificate of incorporation. These provisions may have the effect of deferring, delaying or discouraging the removal of any anti-takeover defenses provided for in our certificate of incorporation and our bylaws.
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No Cumulative Voting. The DGCL provides that stockholders are not entitled to the right to cumulate votes in the election of directors unless our certificate of incorporation provides otherwise. Our certificate of incorporation expressly prohibits cumulative voting.
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Exclusive Jurisdiction of Certain Actions. Our certificate of incorporation requires, to the fullest extent permitted by law, that derivative actions brought in the name of the company, actions against directors, officers and employees for breach of fiduciary duty and other similar actions may be brought only in the Court of Chancery in the State of Delaware. Although we believe this provision benefits the company by providing increased consistency in the application of Delaware law in the types of lawsuits to which it applies, the provision may have the effect of discouraging lawsuits against our directors and officers.
Business Combinations. We have opted out of Section 203 of the DGCL. However, our certificate of incorporation contains similar provisions providing that we may not engage in certain “business combinations” with any “interested stockholder” for a three-year period following the time that the stockholder became an interested stockholder, unless:
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		●	prior to such time, our board of directors approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;  

		●	upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, excluding certain shares; or  

		●	at or subsequent to that time, the business combination is approved by our board of directors and by the affirmative vote of holders of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder. 

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Generally, a “business combination” includes a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. Subject to certain exceptions, an “interested stockholder” is a person who, together with that person's affiliates and associates, owns, or within the previous three years owned, 15% or more of our voting stock.
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Under certain circumstances, this provision will make it more difficult for a person who would be an “interested stockholder” to effect various business combinations with a corporation for a three-year period. This provision may encourage companies interested in acquiring our company to negotiate in advance with our board of directors because the stockholder approval requirement would be avoided if our board of directors approves either the business combination or the transaction which results in the stockholder becoming an interested stockholder. These provisions also may have the effect of preventing changes in our board of directors and may make it more difficult to accomplish transactions which stockholders may otherwise deem to be in their best interests.
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Our certificate of incorporation provides that Blueapple, MDP and any of their respective affiliates and any of their respective permitted transferees receiving 15% or more of our outstanding voting stock will not constitute “interested stockholders” for purposes of this provision.
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Corporate Opportunity Doctrine. Delaware law permits corporations to adopt provisions renouncing any interest or expectancy in certain opportunities that are presented to the corporation or its officers, directors or stockholders. Our certificate of incorporation renounces, to the maximum extent permitted from time to time by Delaware law, any interest or expectancy that we have in, or right to be offered an opportunity to participate in, specified business opportunities that are from time to time presented to certain of our officers, directors or stockholders or their respective affiliates, other than those opportunities presented to our officers, directors, stockholders or affiliates acting in their capacity as our employee or director. Our certificate of incorporation also provides that, to the fullest extent permitted by law, any director or stockholder who is not employed by us or our affiliates will not have any duty to refrain from (1) engaging in a corporate opportunity in the same or similar lines of business in which we or our affiliates now engage or propose to engage or (2) otherwise competing with us or our affiliates. In addition, to the fullest extent permitted by law, in the event that any director or stockholder, other than director or stockholder who is not employed by us or our affiliates acting in their capacity as our director or stockholder who is not employed by us or our affiliates, acquires knowledge of a potential transaction or other business opportunity which may be a corporate opportunity for itself or himself or its or his affiliates or for us or our affiliates, such person has no duty to communicate or offer such transaction or business opportunity to us or any of our affiliates and they may take any such opportunity for themselves or offer it to another person or entity. To the fullest extent permitted by Delaware law, no potential transaction or business opportunity may be deemed to be a corporate opportunity of the corporation or its subsidiaries unless (a) we or our subsidiaries would be permitted to undertake such transaction or opportunity in accordance with our certificate of incorporation, (b) we or our subsidiaries, at such time have sufficient financial resources and are legally able to undertake such transaction or opportunity, (c) we have an interest or expectancy in such transaction or opportunity, and (d) such transaction or opportunity would be in the same or similar line of our or our subsidiaries' business in which we or our subsidiaries are engaged or a line of business that is reasonably related to, or a reasonable extension of, such line of business.
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Limitations of Liability and Indemnification Matters. Our bylaws limit the liability of our directors to the fullest extent permitted by applicable law and provide that we will indemnify them to the fullest extent permitted by such law. We have also entered into indemnification agreements with our current directors and executive officers and expect to enter into a similar agreement with any new director or executive officer.
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Transfer Agent and Registrar. The transfer agent and registrar for our classes of common stock is Computershare Trust Company N.A.Restricted Stock Unit Agreement (Cash-settled)

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EVO PAYMENTS, INC.
AMENDED AND RESTATED
2018 OMNIBUS INCENTIVE STOCK PLAN
Performance Stock Unit Agreement
This Performance Stock Unit Agreement (this “Agreement”) is made and entered into by and between EVO Payments, Inc., a Delaware corporation (the “Company”) and /$GranteeName$/ (the “Grantee”), pursuant to the EVO Payments, Inc. Amended and Restated 2018 Omnibus Incentive Stock Plan (the “Plan”).  Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Grant Date: /$GrantDate$/
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Target Number of Performance 
Stock Units: /$AwardsGranted$/
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		Performance Period:`
	The three-year period commencing on January 1, 2022 (the “Commencement Date”) and ending 

on December 31, 2024
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Vesting:     The third anniversary of the Grant Date
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1.Grant of Performance Stock Units.  Pursuant to Section 8.1 of the Plan, the Company hereby issues to the Grantee an Award of performance-based Restricted Stock Units (the “Performance Stock Units”), in the target number set forth above.  Each Performance Stock Unit represents the right to receive one Share, subject to the terms and conditions set forth in this Agreement and the Plan.  The Performance Stock Units shall be credited to a separate account maintained for the Grantee on the books and records of the Company (the “Account”). All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.
2.Consideration. The grant of the Performance Stock Units is made in consideration of the services to be rendered by the Grantee to the Company or its Affiliates. 
3.Vesting and Forfeiture of Performance Stock Units.
3.1Continued Service.  Subject to Section 3.2 and 3.5, provided that the Grantee has not incurred a Termination of Service as of the third anniversary of the Grant Date, the Performance Stock Units will vest.  
3.2Performance Vesting.  Notwithstanding Section 3.1, the actual number of Shares, if any, that the Grantee will earn for the Performance Period will be determined by whether and to what extent the performance goal(s), as set forth in Appendix I attached hereto, are satisfied during the Performance Period.  To the extent that a performance goal relates to and may be satisfied over a single calendar year or other specified portion of the Performance Period, such portion of the Performance Period is referred to herein as a “Performance Year.” 

3.3Forfeiture of Performance Stock Units.   Except as the Committee may determine on a case-by-case basis or as provided in Sections 3.4 and 3.5 below or in a Grantee’s employment agreement, all Performance Stock Units shall be forfeited if the Grantee incurs a Termination of Service for any reason at any time prior to the third anniversary of the Grant Date.  In the event of a Termination by the Company or an Affiliate for Cause, all vested and unvested Performance Stock Units shall be immediately forfeited.
3.4 Death or Disability.  If the Grantee dies or incurs an involuntary Termination of Service by the Company and its Affiliates as the result of Death or Disability prior to the third anniversary of the Grant Date, then, notwithstanding the provisions of Section 3.3 above, the Grantee will become vested in that number of Performance Stock Units, and shall be entitled to settlement of that number of Shares determined (i) pursuant to Section 3.2 and Appendix I for any Performance Year that has been completed as of the date of the Termination of Service, and (ii) at target for any other Performance Year.
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3.5Change in Control. 
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(a)Conversion of Award.  In the event of a Change in Control prior to the third anniversary of the Grant Date, except to the extent that a Replacement Award is provided to the Grantee, then, notwithstanding anything in Section 15.1(a) of the Plan, the Performance Stock Units will convert to time-based restricted stock units or restricted stock of the Company or of the acquiror or successor or surviving entity, as determined by the Committee, as follows:
(i)For any completed Performance Year within the Performance Period, the Committee shall determine the number of Shares earned in such Performance Year, based on actual achievement of the performance goals for such Performance Year, with respect to one third of the target number of Performance Stock Units, and such Shares shall be converted to time-based restricted stock units or restricted stock, as determined by the Committee, of the Company or any acquiror or successor or surviving entity.
(ii) For any partially completed Performance Year within the Performance Period, the Committee shall determine the number of Shares underlying the Performance Stock Units that shall be converted to time-based restricted stock units or restricted stock of the Company or any acquiror or successor or surviving entity based on target performance (or greater than target performance based on actual performance for such partially completed Performance Year as determined in the reasonable discretion of the Committee);
(iii) For any Performance Years not covered by (i) or (ii), the target number of Shares underlying the Performance Stock Units shall be converted to time-based restricted stock units or restricted stock of the Company or any acquirer or successor or surviving entity.
(iv) The vesting of the time-based restricted stock units or restricted stock as so converted shall be accelerated if, within the 24-month period following the Change in Control, the Grantee incurs a Termination of Service initiated by the Company or the acquiror or successor or surviving entity or an Affiliate without Cause, or if the Grantee initiates a Termination with Good Reason.  If not so accelerated, vesting shall occur on the third anniversary of the Grant Date, provided that the Grantee does not incur a Termination of Service prior to such date. 
(b)Replacement Awards.  Notwithstanding anything in Section 15.1(b)(ii) of the Plan, if a Change in Control occurs, to the extent that this Award is exchanged for a Replacement Award, the Performance Stock Units will not vest upon the Change in Control; provided, however, that, in the event that within twenty-four (24) months following a Change in Control, (i) the Grantee incurs a Termination of Service initiated by the Company or the acquiror or successor or surviving entity or an Affiliate without Cause, or if (ii)  the Grantee initiates a Termination with Good Reason, then the Grantee will 

become fully vested with respect to all of the Replacement Awards that have not previously been vested, based on actual performance with respect to completed Performance Years, and based on the greater of target or actual performance with respect to incomplete Performance Years.  
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4.Restrictions.  Subject to any exceptions set forth in this Agreement or the Plan, until such time as the Performance Stock Units are settled in accordance with Article VIII of the Plan, the Performance Stock Units or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee.  Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Performance Stock Units or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Performance Stock Units will be forfeited by the Grantee and all of the Grantee’s rights to such units shall immediately terminate without any payment or consideration by the Company.
5.Rights as Shareholder. The Grantee shall not have any rights of a stockholder with respect to the Shares underlying the Performance Stock Units (including, without limitation, any voting rights or any right to dividends paid with respect to the Shares underlying the Performance Stock Units) unless and until the Performance Stock Units vest and are settled by the issuance of Shares in accordance with Section 6. 
6.Settlement and Payment of Performance Stock Units.
6.1Except as provided in Section 6.2 below, no later than March 15 of the calendar year following the year in which the third anniversary of the Grant Date falls, the Company shall (a) issue and deliver to the Grantee the number of Shares that have been earned and have vested in accordance with Sections 3.1 and 3.2 and Appendix I, and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the Shares delivered to the Grantee.  
6.2If, prior to the end of the Performance Period, a Grantee (a) dies, (b) incurs a Termination of Service by the Company and its Affiliates due to Disability, or (c) within the 24-month period following a Change in Control (i) incurs a Termination of Service initiated by the Company or the acquiror or successor or surviving entity or an Affiliate without Cause or (ii) initiates a Termination with Good Reason, the Company shall as soon as reasonably practicable but in any event no later than March 15 of the calendar year following the calendar year in which the Termination of Service occurs, (x) issue and deliver to the Grantee the number of Shares that have been earned and have vested in accordance with Sections 3.1, 3.2, 3.4 and 3.5 and Appendix I, and (y) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the Shares delivered to the Grantee. 
6.3To the extent that the Grantee does not vest in any Performance Stock Units, all interest in such Performance Stock Units shall be forfeited. The Grantee has no right or interest in any Performance Stock Units that are forfeited.
7.No Right to Continued Service. Neither the Plan nor this Agreement shall confer upon the Grantee any right to be retained in any position, as an Employee, consultant, advisor or Nonemployee Director of the Company. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to terminate the Grantee’s employment or service at any time for any reason. 
8.Adjustments. If any change is made to the outstanding Shares or the capital structure of the Company, if required, the Performance Stock Units shall be adjusted in any manner as contemplated by Section 4.4 of the Plan.
9.Tax Liability and Withholding.

9.1The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Performance Stock Units and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes in accordance with Sections 17.1 and 17.2 of the Plan. 
9.2Notwithstanding any action the Company takes with respect to income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Grantee’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or settlement of the Performance Stock Units or the subsequent sale of any Shares; and (b) does not commit to structure the Performance Stock Units to reduce or eliminate the Grantee’s liability for Tax-Related Items.
10.Restrictive Covenants.
10.1 Grantee acknowledges and agrees that as a result of Grantee’s employment with the Company or an Affiliate: (i) Grantee will have substantial contact with, among others, customers, suppliers, partners, advertisers and vendors of the Company and its Affiliates, (ii) Grantee will be placed in a position of trust and responsibility and will have access to a substantial amount of confidential information and trade secrets and (iii) Grantee would have an unfair competitive advantage if Grantee were to engage in activities in violation of this Section. Grantee also acknowledges and agrees that the covenants in this are necessary to protect the Company and its Affiliates. 
10.2 As a condition of Grantee’s receipt of this Award, Grantee agrees that, during the Restricted Period, Grantee will not, without prior written consent of the Company, directly or indirectly, own any interest in, manage, control, participate in (whether as an officer, employee, partner, investor, financing source, representative or otherwise), consult with, render services to, for or on behalf of, any Competitor in any geographic area in which the Company or any entity in which the Company owns, directly or indirectly, an equity interest, conducts business during the period of Grantee’s employment; provided, however, that the provisions of this Section shall not be deemed to prohibit Grantee from being a passive owner of not more than three percent (3%) of any class of securities of any Competitor having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.
(i)“Restricted Period” means the period of Grantee’s employment and a period of twelve (12) months following the termination of Executive’s employment for any reason.
(ii)“Competitor” means any entity or person engaged directly or indirectly in any business (including any division, group or franchise of a larger organization) that competes with the business of the Company or any subsidiary or entity in which the Company owns, directly or indirectly, any equity interest, in each case as previously conducted, currently conducted or currently planned to be conducted.
11.Compliance with Law. This Award and the issuance or transfer of Shares in accordance with Article VIII of the Plan shall be subject to compliance by the Company and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Shares may be listed.  No Shares shall be issued or transferred unless and until any then applicable requirements of state and federal law and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel.  The Grantee understands that the Company is under no obligation to register the Shares with the Securities and Exchange Commission, any state securities commission or any stock exchange to effect such compliance.

12.Notices. Any notice required to be delivered to the Company under this Agreement shall be in writing and addressed to the Committee, care of the Company, at the Company’s principal corporate offices. Any notice required to be delivered to the Grantee under this Agreement shall be in writing and addressed to the Grantee at the Grantee’s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Committee) from time to time.
13.Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Delaware without regard to conflict of law principles.
14.Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Grantee or the Company to the Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company.
15.Performance Stock Units Subject to Plan. This Agreement is subject to the Plan as approved by the Company’s shareholders.  The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.
16.Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Grantee and the Grantee’s beneficiaries, executors, administrators and the person(s) to whom the Performance Stock Units may be transferred by will or the laws of descent or distribution.
17.Severability. The invalidity or unenforceability of any provision of the Plan or this Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law.
18.Discretionary Nature of Plan. The Plan is discretionary and may be amended, altered, suspended or terminated by the Board at any time, in its discretion. The grant of the Performance Stock Units in this Agreement does not create any contractual right or other right to receive any Performance Stock Units or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Committee and the Board. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s employment with, or service to, the Company or its Affiliates.
19.Amendment. The Committee has the right to amend this Agreement, prospectively or retroactively; provided, that, no such amendment shall materially impair the previously accrued rights of the Grantee under this Agreement without the Grantee’s consent, subject to the provisions of Section 16.1 of the Plan. 
20.Section 409A. This Agreement is intended to be exempt from Section 409A of the Code under the short-term deferral exclusion and shall be construed and interpreted in a manner that is consistent with such intent. If, for any reason, the Company determines that this Award is subject to Section 409A of the Code, the Company shall have the right in its sole discretion (without any obligation to do so) to adopt such amendments to the Plan or this Agreement, or to adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take other actions, as the Company determines are necessary or appropriate for the Award to either be exempt from or comply with the 

requirements of Section 409A of the Code. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Grantee on account of non-compliance with Section 409A of the Code.  If the Grantee is deemed a “specified employee” within the meaning of Section 409A of the Code, as determined by the Committee, at a time when the Grantee becomes eligible for settlement of the Performance Stock Units upon his “separation from service,” within the meaning of Section 409A of the Code, from the Company, then, if and to the extent that the Grantee’s Award is subject to Section 409A of the Code and to the extent necessary to prevent any accelerated or additional tax under Section 409A of the Code, such settlement will be delayed until the earlier of: (a) the date that is six months following the Grantee’s separation from service and (b) the Grantee’s death.
21.No Impact on Other Benefits. The value of the Grantee’s Performance Stock Units is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.
22.Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.
23.Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and understands the terms and provisions thereof, and accepts the Performance Stock Units subject to all of the terms and conditions of the Plan and this Agreement. The Grantee acknowledges that there may be adverse tax consequences upon the vesting or settlement of the Performance Stock Units or disposition of the underlying Shares, and that the Grantee has been advised to consult a tax advisor prior to such vesting, settlement or disposition. 
24.Data Privacy.  The Grantee acknowledges that the Company and the Subsidiaries and Affiliates will collect, process, transfer and hold the Grantee’s personal data as is necessary for the purposes of operating the Plan and administering the Grantee’s Awards, and hereby provides consent to these actions. However, if the Grantee resides within the European Union, the Company and the Subsidiaries and Affiliates will collect, process, transfer and hold information relating to the Grantee for the purposes of operating the Plan and administering the Grantee’s Awards in accordance with the privacy notice which is available from the Grantee’s employer.
​

​
APPENDIX I
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​
Performance Period:The three-year period commencing on January 1, 2022 and ending on December 31, 2024.
​
Performance Years:Each of the three calendar years within the Performance Period.
​
Target Number of Performance Stock Units (“Target Number”):
​
Entire Performance Period:
Performance Year 1:
Performance Year 2:
Performance Year 3:
​
The number of Shares that the Grantee earns for each Performance Year during the Performance Period will be equal to the sum of (i) the product of fifty percent (50%) of the Target Number for the Performance Year and the Adjusted Earnings Per Share (“EPS”) Growth Payout Percentage for the Performance Year; plus (ii) the product of fifty percent (50%) of the Target Number for the Performance Year and the Adjusted Revenue Growth Payout Percentage for the Performance Year, as set out in the tables below. 
​
Adjusted EPS Growth Payout Percentage
​
The Adjusted EPS Growth Payout Percentage for each Performance Year in the Performance Period shall be determined in accordance with the table below.  If the Adjusted EPS Growth falls between tiers, the actual Adjusted EPS Growth Payout Percentage for the Performance Year shall be determined by linear interpolation between the relevant tiers.  
​
	​

	​
​
​

	​
​
​

	​
​
​

	​

	Performance Level
	Adjusted EPS Growth for Performance 
Year 1
​
	Adjusted EPS Growth for Performance
Year 2
​
	Adjusted EPS Growth for Performance
Year 3
​
	Adjusted EPS Growth Payout Percentage

	Threshold
​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	Target
​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	Maximum
​
	__%
	__%
	__%
	__%

​
​
Adjusted Revenue Growth Payout Percentage
​
The Adjusted Revenue Growth Payout Percentage for the Performance Period shall be determined in accordance with the table below.  If the Adjusted Revenue Growth falls between tiers, the actual Adjusted Revenue Growth Payout Percentage for the Performance Year shall be determined by linear interpolation between the relevant tiers.
​
​
	​

	​
​
​

	​
​
​

	​
​
​

	​

	Performance Level
	Adjusted Revenue Growth for Performance 
Year 1
​
	Adjusted Revenue Growth for Performance
Year 2
​
	Adjusted Revenue Growth for Performance
Year 3
​
	Adjusted Revenue Growth Payout Percentage

	Threshold
​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	Target
​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	​
	__%
	__%
	__%
	__%

	Maximum
​
	__%
	__%
	__%
	__%

​

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