Document:

EX-10.23

 Exhibit 10.23 

Sylvamo Corporation 

2021 Executive Severance Plan 
  

	1.	 Purpose and Background. The purpose of the Plan is to assist certain Company officers and executives in
making a successful transition upon termination of employment by the Company without Cause, or by the officer or executive for Good Reason (as such terms are defined in the Plan). 

 

	2.	 Definitions. For purposes of this Plan, the following words and phrases have the meanings specified
below: 

  

	2.1	 “Administrator” has the meaning set forth in Section 3. 

 

	2.2	 “Base Salary” means the annual base salary rate of a Participant as of the last day of his or
her employment with the Company. 

  

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

 

	2.4	 “Bonus” means the actual annual cash incentive awards paid to a Participant for a particular
performance year. 

  

	2.5	 “Cause” has the meaning set forth in Section 4.1. 

 

	2.6	 “Change in Control” means the occurrence of any one or more of the following:

  

	 	(a)	 the consummation of any transaction (including, without limitation, any merger or consolidation) the result of
which is that any “person” or “group” (as those terms are used in Section 13(d)(3) of the Securities Exchange Act of 1934, hereinafter the “Exchange Act”) becomes the “beneficial owner” (as defined
in Rules 13d-1 and 13d-5 under the Exchange Act), directly or indirectly, of the Company’s voting stock representing 30% or more of the voting power of the
Company’s outstanding voting stock, provided, however, that an employee of the Company or any of its subsidiaries for whom shares are held under an employee stock ownership, employee retirement, employee savings, or similar plan
and whose shares are voted in accordance with the instructions of such employee shall not be a member of a “group” (as that term is used in Section 13(d)(3) of the Exchange Act) solely because such employee’s shares are held by a
trustee under said plan; 

  

	 	(b)	 during any period of two (2) consecutive years, individuals who at the beginning of such period constitute
the Board of Directors of the Company (the “Board”) cease for any reason to constitute at least a majority thereof, unless the election or the nomination for election, by the Company’s shareholders of each new director was
approved by a vote of at least two-thirds (2/3) of the directors then still in office who were directors at the beginning of the period; 

  
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	 	(c)	 the Company consolidates with, or merges with or into, any person, or any person consolidates with, merges with
or into, the Company, in any such event pursuant to a transaction in which any of the Company’s outstanding voting stock or voting stock of such person is converted into or exchanged for cash, securities, or other property, other than any such
transaction where the Company’s voting stock outstanding immediately prior to such transaction constitutes, or is converted into or exchanged for, voting stock representing more than fifty percent (50%) of the voting power of the voting
stock of the surviving person immediately after giving effect to such transaction; 

  

	 	(d)	 the direct or indirect sale, lease, transfer, conveyance, or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries taken as a whole to any “person” or “group” (as those terms are used in
Section 13(d)(3) of the Exchange Act) other than to the Company or one of its subsidiaries; or 

  

	 	(e)	 the shareholders of the Company approve a complete liquidation or dissolution of the Company.

  

	2.7	 “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and any
successor thereto. 

  

	2.8	 “Code” means the U.S. Internal Revenue Code of 1986, as amended, and any successor thereto.
References to a particular section of the Code include references to regulations and rulings thereunder and to successor provisions. 

  

	2.9	 “Committee” means the Compensation Committee of the Board. 

 

	2.10	 “Company” means Sylvamo Corporation. 

 

	2.11	 “Continuation Benefits” has the meaning set forth in Section 7.2. 

 

	2.12	 “Disability” means that, as a result of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, a Participant is receiving income replacement benefits for a period of not less than three months under and accident
and health plan covering employees of the Company. 

  

	2.13	 “Eligible Executive” has the meaning set forth in Section 4. 

 

	2.14	 “Good Reason” has the meaning set forth in Section 4.2. 

 

	2.15	 “Participant” has the meaning set forth in Section 4. 

 

	2.16	 “Participation Agreement” means a Participation Agreement substantially in the form attached
hereto as Exhibit B. 

  

	2.17	 “Plan” means this Sylvamo Corporation 2021 Executive Severance Plan, as described in this
document and as amended or amended and restated from time to time. 

  

	2.18	 “Pro Rata Bonus” has the meaning set forth in Exhibit A. 

 

	2.19	 “Pro Rata Target Bonus” has the meaning set forth in Exhibit A. 

 

	2.20	 “Qualifying Termination” has the meaning set forth in Section 4. 

 

	2.21	 “Release” has the meaning set forth in Section 8. 

  
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	2.22	 “Retirement” means that a Participant has terminated employment after providing the Company
with notice and has either attained the age of 55 with 10 years of services or the age of 65. 

  

	2.23	 “Severance Payment” has the meaning set forth in Section 7.1 in accordance with the
Severance Payment Table set forth in Exhibit A. 

  

	2.24	 “Severance Period” means, with respect to each Participant, a number of full and/or partial
years beginning on the date the Participant’s employment is terminated, which number shall be equal to the number by which under the terms of this Plan the Participant’s Base Salary is multiplied for purposes of calculating the
Participant’s Severance Payment pursuant to Section 7.1. 

  

	2.25	 “Target Bonus” means the target Bonus opportunity (including any deferred target Bonus
opportunity) for the year of Qualifying Termination for the Participant on an annualized basis. 

  

	3.	 Administration. The Plan shall be administered by the Committee, except that (a) for purposes of
the participation of the Company’s Chief Executive Officer (“CEO”) in the Plan, the Plan shall be administered by the Committee and the other independent members of the Board established as a special committee of the Board for
this purpose and (b) for purposes of Section 15, the Plan may be administered by the Committee or a person or persons appointed from time to time by the Committee, as determined by the Committee, which appointment may be revoked at any
time by the Committee (as applicable, the “Administrator”). Subject to the provisions of the Plan, the Administrator shall have exclusive authority to interpret and administer the Plan, to establish appropriate rules relating to the
Plan, to delegate some or all of its authority under the Plan to the extent permitted by law, and to take all such steps and make all such determinations in connection with the Plan and the benefits granted pursuant to the Plan as it may deem
necessary or advisable. Any reasonable decision of the Administrator in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive, and binding on all
parties concerned. 

  

	4.	 Eligibility; Certain Conditions to Payment. Eligibility under the Plan is limited to certain executives
and officers of the Company who are employed in full-time positions in the Company’s businesses located in the U.S. (“Eligible Executives”). The Administrator in its sole discretion will, from time to time, select those
Eligible Executives who will participate from time to time in the Plan (“Participants”) and will notify the Participants of such participation. Subject to the provisions of this Plan, Participants shall receive the Severance Payment
and Continuation Benefits described in this Plan if the Participant’s employment with the Company is terminated (a) by the Company for a reason other than Cause, Disability, or death, or (b) by the Participant for Good Reason (any
such termination, a “Qualifying Termination”). The provisions of this Plan shall not apply to any officer or executive who is covered by any other written employment, change in control, or severance agreement. Participants who
receive a Severance Payment under this Executive Severance Plan shall not be eligible for a benefit under the Salaried Severance Plan for U.S. employees or its non-US equivalent. 

  
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	4.1	 Cause. For purposes of this Plan, the term “Cause” means termination upon:

  

	 	(a)	 The willful and continued failure by a Participant substantially to perform Participant’s duties with the
Company (other than any such failure resulting from the Participant’s incapacity due to physical or mental illness or any such actual or anticipated failure resulting from termination by the Participant for Good Reason) after a written demand
for substantial performance is delivered to the Participant by the Company, which demand specifically identifies the manner in which the Company believes that the Participant has not substantially performed the Participant’s duties; or

  

	 	(b)	 The willful engaging by a Participant in conduct which is demonstrably and materially injurious to the Company,
monetarily or otherwise. 

  

	 	(c)	 For purposes of this definition of “Cause,” no act or failure to act, on a Participant’s part
shall be deemed “willful” unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that the Participant’s action or omission was in the best interest of the Company. 

Notwithstanding the foregoing, a Participant shall not be deemed to have been terminated for Cause unless and until there shall have been
delivered to the Participant a copy of the Company’s written finding (after reasonable notice to the Participant and an opportunity for the Participant, together with Participant’s counsel, to be heard before the Company) that in the good
faith opinion of the Company the Participant was guilty of conduct set forth above under Subsection 4.1(a) or 4.1(b), and specifying the particulars thereof in detail. 
  

	4.2	 Good Reason. For purposes of this Plan, the term “Good Reason” means the occurrence,
without the Participant’s consent, of any one or more of the following events: 

  

	 	(a)	 The assignment to a Participant of any duties with the Company (or with a successor or affiliated company)
inconsistent with the Participant’s status as an executive, or a substantial adverse alteration in the nature or status of Participant’s responsibilities, from those in effect immediately prior to a Change in Control;

  

	 	(b)	 A reduction in a Participant’s base salary as in effect on the date hereof or as the same may be increased
from time to time; 

  

	 	(c)	 The failure by the Company to continue in effect any material compensation plan in which a Participant
participates (including, but not limited to, the Company Long-Term Incentive Compensation Plan or Management Incentive Plan, each as in effect immediately prior to the Change in Control) or any substitute plans adopted prior to the Change in
Control, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to such plan in connection with the Change in Control, or the failure by the Company to continue the Participant’s
participation therein on substantially the same basis, both in terms of the amount of benefits provided and the level of the Participant’s participation relative to other participants, as existed immediately prior to the Change in Control;

  
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	 	(d)	 Except for across-the-board
reductions similarly affecting all executives of the Company and all executives of any person in control of the Company: (i) the failure by the Company to continue to provide a Participant with benefits substantially similar to those enjoyed by
the Participant under any of the Company’s pension, savings, life insurance, medical, health, and accident or disability plans in which the Participant was participating at the time of the Change in Control, (ii) the taking of any action
by the Company which would directly or indirectly materially reduce any of such benefits or deprive the Participant of any material fringe benefit enjoyed by the Participant at the time of the Change in Control, or (iii) the failure by the
Company to provide a Participant with the number of paid vacation days to which the Participant is entitled on the basis of years of service with the Company in accordance with the Company’s normal vacation policy in effect immediately prior to
the Change in Control; 

  

	 	(e)	 The failure of the Company to obtain a satisfactory agreement from any successor to assume and agree to perform
all of the Company’s duties and obligations under this Plan; 

  

	 	(f)	 Any purported termination of a Participant’s employment which is not affected pursuant to a Notice of
Termination (as defined below); for purposes of this Plan, no such purported termination shall be an effective termination by the Company; or 

  

	 	(g)	 The Company’s requiring a Participant to be based at a new place of work more than fifty (50) miles
from the Participant’s place of work immediately prior to the Change in Control, except for required travel on the Company’s business to an extent substantially consistent with the Participant’s present business travel obligations.

 A Participant’s right to terminate employment pursuant to “Good Reason” shall not be affected by the
Participant’s incapacity due to physical or mental illness. 
 Any termination of a Participant’s employment by the Company or by a
Participant shall be communicated by written Notice of Termination to the other party hereto in accordance with Section 6. For purposes of this Plan, a “Notice of Termination” shall mean a notice which shall indicate the
specific termination provision in this Plan relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of employment which shall not be less than thirty (30) days or more than
sixty (60) days after the date of delivery of the Notice of Termination. 
  

	5.	 Equity Awards. This Plan does not alter or amend any vesting or other terms and conditions of any
equity-based compensation awards under the Company’s equity incentive plan(s), which shall be governed by the terms and conditions set forth in the equity incentive plan(s) and separate written grant agreements. 

  
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	6.	 Notice. The Company or any Participant may terminate the Participant’s employment at any time for
any reason by delivery of notice to the other party at least the number of days in advance of the date of termination as set forth in Section 7.1; provided, that if the Company terminates the Participant’s employment for Cause under
Section 4.1, no advance written notice is required; and provided, further, that no communication, statement, or announcement shall be considered to constitute notice of termination of the Participant’s employment
unless it is in writing and specifically recites that it is a notice of termination for purposes of this Plan. 

  

	7.	 Severance Payment and Continuation Benefits. 

 

	7.1	 Severance Payment. Subject to the provisions of this Plan, if the Participant experiences a Qualifying
Termination, the Company, as severance, shall pay to the Participant an amount (the “Severance Payment”) as determined by the table set out in Exhibit A. 

Subject to Sections 8 and 10, the Company shall pay such Severance Payment (other than the Pro Rata Bonus) in substantially equal monthly
payments over the Severance Period; provided, that such payments shall begin no later than the sixty-fifth (65th) day following the Participant’s termination of employment
and the first payment will include any monthly installment that would have been paid during the sixty-five (65) day period following the Participant’s termination of employment if the payments had begun on the first day of the Severance
Period. The Company shall pay the Pro Rata Bonus, if any, at the same time as Bonuses are paid to other recipients for the year in which the Qualifying Termination occurs, but in no event later than March 15th of the year following the year in which
the Qualifying Termination occurs. 
  

	 	(a)	 As a condition of receiving the Severance Payment, the Participant shall remain employed in good standing until
the earlier of (a) the termination date specified in the notice of termination provided for in Section 6, or (b) for so long as his or her services are required by the Company. With the mutual agreement of the Participant and the
Company, the Participant may remain employed beyond the period described in the preceding sentence. 

  

	 	(b)	 If Cause is determined to have existed during the Participant’s employment, and such determination is made
within two (2) years following his or her termination of employment, or as otherwise required by law, the Company reserves the right, subject to Section 409A of the Code, to recoup any Severance Payment paid to the Participant.

  

	7.2	 Continuation Benefits. Subject to the provisions of this Plan, the Participant shall be entitled to
continuation of group health coverage (including medical, dental, and vision benefits, to the extent permitted under the applicable plan), and the health care flexible spending account (to the extent required to comply with COBRA continuation
coverage requirements) (collectively, the “Continuation Benefits”) in accordance with the applicable 

  
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plan terms and applicable law, and to the extent that such programs and plans are maintained by the Company, for the shorter of (x) the Severance Period or (y) eighteen (18) months following the
date of the Participant’s termination of employment (the “Benefit Continuation Period”); provided, however, that the Participant pays the full cost of his or her coverage under such plans, except that the
Participant shall pay only the required contributions for any health care continuation coverage required to be provided to or on behalf of the Participant under COBRA, on the same basis as any other plan participant electing similar COBRA
continuation coverage under the Company health plan; and provided, further, that any such coverage shall terminate to the extent that the Participant obtains comparable benefits from any other employer during the Benefit Continuation
Period. The Participant shall be reimbursed by the Company for the cost of the Continuation Benefits (except that the reimbursement for his or her required contributions for COBRA health care continuation coverage shall be reduced by an amount equal
to the cost paid by an active employee for similar coverage under the Company health plan), and any such reimbursement shall be treated as taxable and reduced by applicable tax withholding. 

 

	7.3	 Outplacement Benefits. Company shall reimburse Participant for all reasonable expenses incurred by
Participant for professional outplacement services by qualified consultants selected by Participant during a period equal to the Severance Period following Participant’s Qualifying Termination, up to a maximum amount equal to
$[•], payable within 30 days of Participant’s submission of appropriate documentation of such expenses. 

  

	8.	 Release; Participation Agreement. 

 

	8.1	 Release. A Participant shall only be entitled to receive the Severance Payment if, within sixty-five
(65) days after the Participant’s termination of employment, he or she shall have executed and delivered (and, if applicable, not revoked) a release of claims against the Company (and its officers, directors, employees, affiliates,
stockholders, etc.) in a form reasonably satisfactory to the Company in the Company’s sole discretion (the “Release”), and any applicable revocation period for the Release has expired within such sixty-five (65) day period
without the Participant revoking the Release. The form of Release shall be delivered to the Participant by the Company at the time of, or within five (5) days after, the termination of the Participant’s employment. Should the Participant
revoke all or any portion of the Release within any legally applicable revocation period, then the Participant will be treated hereunder as if he or she did not execute the Release and the Participant will not be entitled to any of the payments or
benefits provided under Section 7. 

  

	8.2	 Participation Agreement. No Eligible Executive shall be designated as a Participant, and no Participant
shall be entitled to receive the Severance Payment, unless he or she shall have executed and delivered the Participation Agreement while employed with the Company, and such shall be in full force and effect. The Participation Agreement shall
terminate without further action of the Company or a Participant if, prior to the termination of the Participant’s employment with the Company, the Participant ceases to be designated as a Participant. 

  
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	8.3	 Breach of Participation Agreement. If a Participant materially breaches any provision of the
Participation Agreement or the Release, the Administrator may determine that he or she (i) will forfeit any unpaid portion of the Severance Payment or right to reimbursements under Section 7.2 hereof and (ii) will repay to the Company
any portion of the Severance Payment or any reimbursements received pursuant to Section 7.2 hereof previously paid to him or her. 

  

	9.	 Benefits in Respect of Short Term Incentives Upon Death, Disability, or Retirement.

  

	9.1	 Death or Disability. Unless otherwise provided in the Company’s Short-Term Incentive Plan, upon a
Participant’s termination of employment due to death or Disability, the interrupted short-term incentive cycle in-process will be prorated assuming target level performance has been achieved and be paid
out to the Participant or the Participant’s estate as soon as practicable. For the avoidance of doubt, the Participant or Participant’s estate will be paid an amount equal to the product of (A) the Target Bonus for the Participant (if
any) for the year in which the termination of employment due to death or Disability occurs, multiplied by (B) a fraction (in no case greater than 1) the numerator of which is the number of days from (and including) the first day of the
applicable performance period for such Bonus through (and including) the date of such termination of employment due to death or Disability and the denominator of which is the total number of days in the applicable performance period for such Bonus.

  

	9.2	 Retirement. Unless otherwise provided in the Company’s Short-Term Incentive Plan, upon a
Participant’s termination of employment due to Retirement, the interrupted short-term incentive cycle in-process will be prorated based on actual performance achieved and be paid out to the Participant or
the Participant’s estate as soon as practicable after the end of the performance period. For the avoidance of doubt, the Participant will be paid an amount equal to the product of (A) the Bonus actually earned by the Participant (if any)
for the year in which the termination of employment due to Retirement occurs, multiplied by (B) a fraction (in no case greater than 1) the numerator of which is the number of days from (and including) the first day of the applicable performance
period for such Bonus through (and including) the date of such termination of employment due to Retirement and the denominator of which is the total number of days in the applicable performance period for such Bonus. 

  
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	10.	 Section 409A. 

 

	10.1	 Notwithstanding anything to the contrary contained in this Plan, the payments and benefits provided under this
Plan are intended to comply with, or be exempt from, Section 409A of the Code and the applicable guidance and regulations thereunder (collectively, “Section 409A”), and the provisions of this Plan shall be interpreted such that
the payments and benefits provided under the Plan are either exempt from, or are in compliance with, Section 409A. Notwithstanding the foregoing, neither the Company nor the Administrator has any obligation to take any action to prevent the
assessment of any additional income tax, interest, or penalties under Section 409A on any person and none of the Company, its subsidiaries, or any of their employees, agents or representatives, including the Administrator, shall have any
liability to any Participant with respect thereto. It is also intended that the terms “termination” and “termination of employment” and like terms as used herein shall constitute a “separation from service” within the
meaning of Section 409A. The Administrator may modify the payments and benefits under this Plan at any time solely as necessary to avoid adverse tax consequences under Section 409A; provided, however, that this
Section 9 shall not create any obligation on the part of the Administrator to make such modifications or take any other action. 

  

	10.2	 Anything in the Plan to the contrary notwithstanding, each payment of the Severance Payment made to a
Participant shall be treated as a separate and distinct payment from all other such payments for purposes of Section 409A. 

  

	10.3	 Anything in the Plan to the contrary notwithstanding, if a Participant is a “specified employee”
(within the meaning of Treasury Regulation Section 1.409A-1(i)) on the date of the Participant’s termination of employment, then any payment or benefit which would be considered “nonqualified
deferred compensation” within the meaning of Section 409A that the Participant is entitled to receive upon the Participant’s “separation from service” within the meaning of Section 409A and which otherwise would be
payable during the six (6)-month period immediately following the Participant’s termination of employment will instead be paid, or commence to be paid, without interest, on the first regularly scheduled payroll date to occur on or after the
seventh (7th) month following the Participant’s termination of employment (or, if earlier, the date of the Participant’s death). 

 

	10.4	 With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A: (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another
benefit; (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year; and (iii) such payments shall be made on or before the last day of the Participant’s taxable year following the taxable year in which the expense
occurred, or such earlier date as required hereunder. 

  

	11.	 Withholding. The Company shall be entitled to withhold from payments to or on behalf of the Participant
any amount of tax or other withholding required by law. 

  
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	12.	 Governing Law. This Plan shall be construed, interpreted, and governed in accordance with the laws of
the State of Delaware, without reference to rules relating to conflicts of law, except to the extent preempted by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 

 

	13.	 Effect on Other Plans. This Plan supersedes in all respects any prior severance or termination benefit
plan or policy of the Company that applies to Participants. Notwithstanding the foregoing, the Company and the Board reserve the right to adhere to other policies and practices that may be in effect for other groups of employees.

  

	14.	 Amendment and Modification of Plan. This Plan may be modified, amended, or terminated at any time by the
Board without notice to Participants. Notwithstanding the foregoing, (a) for a period of two (2) years following a Change in Control, the Plan may not be discontinued, terminated, or amended in such a manner that decreases the Severance
Payment payable to any Participant or that makes any provision less favorable for any Participant without the consent of the Participant, and (b) subject to Section 10 or as may otherwise be required to comply with Section 409A of the
Code or Section 10D of the Securities Exchange Act of 1934, as amended, the Plan may not be modified, amended, or terminated in a manner adverse to Participants as of the date of the modification, amendment, or termination without six
(6) months’ advance written notice of such modification, amendment, or termination (including modifying the eligibility of the Eligible Executives who are already Participants to participate in the Plan). 

 

	15.	 Claims, Inquiries, and Appeals. 

 

	15.1	 Applications for Benefits and Inquiries. Any application for benefits, inquiries about the Plan, or
inquiries about present or future rights under the Plan must be submitted to the Administrator in writing by an applicant (or his or her authorized representative), to as follows: 

Vice President, Compensation & Benefits 

c/o Sylvamo Corporation 
 6400
Poplar Avenue 
 Memphis, TN 38197 
  

	15.2	 Denial of Claims. In the event that any application for benefits is denied in whole or in part, the
Administrator must notify the applicant, in writing, of the denial of the application, and of the applicant’s right to review the denial. The written notice of denial will be set forth in a manner designed to be understood by the applicant, and
will include specific reasons for the denial, specific references to the Plan provisions upon which the denial is based, a description of any information or material that the Administrator needs to complete the review and an explanation of why such
information or material is necessary, and an explanation of this Plan’s review procedure and the time limits applicable to such procedure, including a statement of the applicant’s right to bring a civil action under Section 502(a) of
ERISA following a denial on review of the claim, as described in Section 15.5 below. 

  
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 This written notice will be given to the applicant within ninety (90) days after the
Administrator receives the application, unless special circumstances require an extension of time, in which case the Administrator has up to an additional ninety (90) days for processing the application. If an extension of time for processing
is required, written notice of the extension will be furnished to the applicant before the end of the initial ninety (90)-day period. 

This notice of extension will describe the special circumstances necessitating the additional time and the date by which the Administrator is
to render its decision on the application. If written notice of denial of the application for benefits is not furnished within the specified time, the application shall be deemed to be denied. The applicant will then be permitted to appeal the
denial in accordance with the review procedure described below. 
  

	15.3	 Request for a Review. Any person (or that person’s authorized representative) for whom an
application for benefits is denied (or deemed denied), in whole or in part, may appeal the denial by submitting a request for a review to the Administrator within sixty (60) days after the application is denied (or deemed denied). The
Administrator will give the applicant (or his or her representative) a reasonable opportunity to review pertinent documents in preparing a request for a review and submit written comments, documents, records, and other information relating to the
claim. A request for a review will be in writing and will be addressed to: 

 Vice President, Compensation &
Benefits 
 c/o Sylvamo Corporation 

6400 Poplar Avenue 
 Memphis, TN
38197 
 A request for review must set forth all of the grounds on which it is based, all facts in support of the request, and any other
matters that the applicant feels are pertinent. The Administrator may require the applicant to submit additional facts, documents, or other material as it may find necessary or appropriate in making its review. 

Decision on Review. The Administrator will act on each request for review within sixty (60) days after receipt of the request,
unless special circumstances require an extension of time (not to exceed an additional sixty (60) days), for processing the request for a review. If an extension for review is required, written notice of the extension will be furnished to the
applicant within the initial sixty (60)-day period. This notice of extension will describe the special circumstances necessitating the additional time and the date by which the Administrator is to render its
decision on the review. The Administrator will give prompt, written notice of its decision to the applicant. In the event that the Administrator confirms the denial of the application for benefits in whole or in part, the notice will outline, in a

  
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manner calculated to be understood by the applicant, the specific reasons for the denial, the specific Plan provisions upon which the decision is based, a statement that the applicant is entitled
to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim, and a statement of the applicant’s right to bring a civil action under Section 502(a) of
ERISA. If written notice of the Administrator’s decision is not given to the applicant within the time prescribed in this Section 15.4, the application will be deemed denied on review. 

 

	15.4	 Rules and Procedures. The Administrator will establish rules and procedures, consistent with the Plan
and with ERISA, as necessary and appropriate in carrying out its responsibilities in reviewing benefit claims. The Administrator may require an applicant who wishes to submit additional information in connection with an appeal from the denial (or
deemed denial) of benefits to do so at the applicant’s own expense. 

  

	15.5	 Exhaustion of Remedies. No legal action for benefits under the Plan may be brought until the claimant
(a) has submitted a written application for benefits in accordance with the procedures described by Section 15.1, (b) has been notified by the Administrator that the application is denied (or the application is deemed denied due to the
Administrator’s failure to act on it within the established time period), (c) has filed a written request for a review of the application in accordance with the appeal procedure described in Section 15.3, and (d) has been notified in
writing that the Administrator has denied the appeal (or the appeal is deemed to be denied due to the Administrator’s failure to take any action on the claim within the time prescribed by Section 15.4). 

 

	16.	 No Employment Rights. Neither this Plan nor the benefits hereunder shall be a term of the employment of
any employee, and the Company shall not be obligated in any way to continue the Plan. The terms of this Plan shall not give any employee the right to be retained in the employment of the Company. 

 

	17.	 Effective Date. This Plan shall become effective as of October 1, 2021. 

  
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 EXHIBIT A 

SEVERANCE PAYMENT TABLE 
  

					
	 Participant
	  	 Severance Payment
	  	 Notice Period

	#1. CEO (only in the event of a Qualifying Termination that occurs within two (2) years following a Change in Control)	  	 1. [Two and one-half (21⁄2)] times the Participant’s Base Salary.
  

2. [Two and one-half
(21⁄2)] times the Target Bonus.
  

3. An amount equal to the product of (A) the Target Bonus for the Participant (if any) for the year in which the Qualifying Termination occurs, multiplied
by (B) a fraction (in no case greater than 1) the numerator of which is the number of days from (and including) the first day of the applicable performance period for such Bonus through (and including) the date of such Qualifying Termination
and the denominator of which is the total number of days in the applicable performance period for such Bonus (such amount, the “Pro Rata Target Bonus”).
  

4. Outplacement benefits as described in Section 7.3 (“Outplacement Benefits”).
	  	[90] days
			
	#2. CEO (except as provided in #1 above)	  	 1. [Two (2)] times the Participant’s Base Salary.
  

2. [Two (2)] times the Target Bonus.
  

3. An amount equal to the product of (A) the Bonus actually earned by the Participant (if any) for the year in which the Qualifying Termination occurs,
multiplied by (B) a fraction (in no case greater than 1) the numerator of which is the number of days from (and including) the first day of the applicable performance period for such Bonus through (and including) the date of such Qualifying
Termination and the denominator of which is the total number of days in the applicable performance period for such Bonus (such amount, the “Pro Rata Bonus”).
  

4. Outplacement Benefits
	  	[90] days

  
 13 

					
	#3. Senior Leadership Team (only in the event of a Qualifying Termination that occurs within two (2) years following a Change in Control)	  	 1. [One and one-half (11⁄2)] times the Participant’s Base Salary.
  

2. [One and one-half
(11⁄2)] times the Target Bonus.
  

3. An amount equal to the Pro Rata Target Bonus.
  

4. Outplacement Benefits
	  	[90] days
			
	#4. Senior Leadership Team (except as provided in #3 above)	  	 1. [One (1)] times the Participant’s Base Salary.
  

2. An amount equal to the Pro Rata Bonus.
  

3. Outplacement Benefits
	  	[90] days

  
 14 

 EXHIBIT B 

PARTICIPATION AGREEMENT 
 This Participation
Agreement (the “Agreement”) dated [                ], is by and between Sylvamo Corporation, a Delaware
corporation (the “Company”), and [                ] (“Executive”). 

WHEREAS, Executive has accepted employment in a senior position with the Company and is a participant in the Company 2021 Executive Severance
Plan, as may be amended or amended and restated from time to time (the “Severance Plan”); and 
 WHEREAS, the Company deems
it essential to the protection of its confidential information and competitive standing in its market to have its senior leadership have reasonable restrictive covenants in place; and 

WHEREAS, Executive agrees and acknowledges that the Company has a legitimate interest to protect its confidential information and competitive
standing. 
 NOW THEREFORE, in consideration for the provisions stated below, and intending to be legally bonded thereby, the parties agree
as follows: 
  

	1.	 Executive has been informed and is aware that the execution of this Agreement is a necessary term and condition
of Executive’s employment, continued employment, or receipt of severance payment. 

  

	2.	 The term “Confidential Information” as used in this Agreement shall be broadly interpreted to
include, without limitation, materials and information (whether in written, electronic, or other form and whether or not identified as confidential at the time of disclosure) concerning technical matters, business matters, business plans,
operations, opportunities, plans, processes, procedures, standards, strategies, policies, programs, software, schematics, models, systems, results, studies, analyses, compilations, forecasts, data, figures, projections, estimates, components,
records, methods, criteria, designs, quality control, research, samples, work-in-progress, prototypes, , materials, clients and prospective clients, customer lists,
contracts, projects, suppliers, referral sources, sales, marketing, bidding, purchasing, personnel, financial condition, assets, inventory, accounts payable, accounts receivable, tax matters, books of account, financing, collections, intellectual
property, trade secrets, and all other know-how and information of the Company or any subsidiary of the Company which has not been published or disclosed to the general public. While employed by the Company
and at all times thereafter, Executive will keep Confidential Information, including trade secrets, confidential and shall not, directly or indirectly, use for himself or herself or use for,

  
 15 

	 	
or disclose to, any party other than the Company, or any subsidiary of the Company (other than in the ordinary course of Executive’s duties for the benefit of the Company or any subsidiary
of the Company), any Confidential Information. At the termination of Executive’s employment, or at any other reasonable time the Company or any of its subsidiaries may request, Executive shall promptly deliver to the Company all memoranda,
notes, records, plats, sketches, plans, or other documents (including, without limitation, any “soft” copies or computerized or electronic versions thereof) containing Confidential Information, including trade secrets or any other
information concerning Company’s business, including all copies, then in Executive’s possession or under Executive’s control whether prepared by Executive or others. Notwithstanding the foregoing, Company employees, contractors, and
consultants may disclose trade secrets in confidence, either directly or indirectly, to a Federal, State, or local government official or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law, or in a
complaint or other document filed in a lawsuit or other proceeding if such filing is made under seal. Additionally, Company employees, contractors, and consultants who file retaliation suits for reporting a suspected violation of law may disclose
related trade secrets to their attorney and use them in related court proceedings, as long as the individual files documents containing the trade secret under seal and does not otherwise disclose the trade secret except pursuant to Court order.

  

	3.	 In consideration of the Company’s obligations under this Agreement, Executive agrees that while employed
by the Company and for a period of [one (1)] year thereafter, without the prior written consent of the Board of Directors of the Company (the “Board”), he or she shall not, directly or indirectly, as principal, manager, agent,
consultant, officer, director, stockholder, partner, investor, lender, or employee or in any other capacity, carry on, be engaged in, or have any financial interest in, any entity which is in competition with the business of the Company or its
subsidiaries. Notwithstanding the foregoing, if the Severance Plan is discontinued, terminated, or amended in such a manner that materially decreases the severance payment payable to Executive or that makes any provision materially less favorable
for Executive without the consent of Executive, the restrictions set forth in this paragraph 3 shall not apply to Executive. 

  

	4.	 In consideration of the Company’s obligations under this Agreement, Executive agrees that while employed
by the Company and for a period of [one (1)] year thereafter, without the prior written consent of the Board, he or she shall not, on his or her own behalf or on behalf of any person, firm or company, directly or indirectly, (a) solicit or
offer employment to or hire any person who is or has been employed by the Company or its subsidiaries at any time during the [twelve (12)] months immediately preceding such solicitation or (b) solicit or entice away or in any manner attempt to
persuade any client, vendor, partner, customer, or prospective customer of the Company to discontinue or diminish his, her, or its relationship or prospective relationship with the Company or to otherwise provide his, her, or its business to any
corporation, partnership, or other business entity which engages in any line of business in which the Company is engaged (other than the Company). 

  
 16 

	5.	 For purposes of this Agreement, an entity shall be deemed to be in competition with the Company if it enters
into or engages in any business or activity that substantially and directly competes with the business of the Company. For purposes of this paragraph 5, the business of the Company is defined to be: the sale and manufacture of uncoated free sheet,
printing papers, converting and specialty papers, and fluff pulp; in each case by the Company and its direct and indirect subsidiaries or affiliated or related companies. Notwithstanding this paragraph 5 or paragraph 8, nothing herein shall be
construed so as to preclude Executive from investing in any publicly or privately held company, provided that no such investment in the equity securities of an entity with publicly traded equity securities may exceed one percent (1%) of the equity
of such entity, and no such investment in any other entity may exceed five percent (5%) of the equity of such entity, without the prior written approval of the Board. 

 

	6.	 Executive agrees that he or she will not at any time make, directly or indirectly, any negative, derogatory,
disparaging, or defamatory comment, whether written, oral, or in electronic format, to any reporter, author, producer, or similar person or entity or to any general public media in any form (including, without limitation, books, articles, or
writings of any other kind, as well as film, videotape, audio tape, digital recording, computer/Internet format, social media, or any other medium) that concerns directly or indirectly the Company its business or operations, or any of its current or
former agents, employees, officers, directors, customers, or clients. Executive understands that nothing in this section or this Agreement limits Executive’s ability to communicate with any government agencies or otherwise participate or
cooperate with an investigation conducted by the Equal Employment Opportunity Commission, the Securities and Exchange Commission, or other similar agency, including providing documents or other information, without notice to the Company.

  

	7.	 Upon the termination of Executive’s employment for any reason, Executive, or his or her estate, shall
surrender to the Company all correspondence, letters, files, contracts, mailing lists, customer lists, advertising materials, ledgers, supplies, equipment, checks, and all other materials and records of any kind that are the property of the Company
or any of its subsidiaries or affiliates, that may be in Executive’s possession or under his or her control, including, without limitation, any “soft” copies or computerized or electronic versions thereof. 

  
 17 

	8.	 Executive agrees that the covenant not to compete, the covenants not to solicit, and the covenant not to make
disparaging comments are reasonable under the circumstances and will not interfere with his or her ability to earn a living or otherwise to meet his or her financial obligations. Executive and the Company agree that if in the opinion of any court of
competent jurisdiction such restraint is not reasonable in any respect, such court shall have the right, power, and authority to excise or modify such provision or provisions of this covenant which appear unreasonable and to enforce the remainder of
the covenant as so amended. Executive agrees that any breach of the covenants contained in this Agreement would irreparably injure the Company. Accordingly, Executive agrees that, in the event that a court enjoins Executive from any activity
prohibited by this Agreement, the Company may, in addition to pursuing any other remedies it may have in law or in equity, cease making any payments otherwise required under the Severance Plan and Executive’s employment agreement with the
Company (if any) and obtain an injunction against Executive from any court having jurisdiction over the matter restraining any further violation of this Agreement by Executive. 

 

	9.	 Executive acknowledges and agrees that cash and equity incentive compensation paid in connection with this
employment and any severance payments or benefits after the termination of Executive’s employment, including under the Sylvamo Corporation 2021 Executive Severance Plan, shall be subject to cancellation and recoupment by the Company, and shall
be repaid by Executive to the Company, to the extent required by law, regulation or listing requirement, or by any Company policy adopted pursuant thereto. 

  

	10.	 No waiver or modification of all or any part of this Agreement will be effective unless set forth in a written
document signed by both the Company and Executive expressly indicating their intention to waive or modify the specified provisions of this Agreement. If the Company chooses not to enforce its rights in the event Executive breaches some or all of the
terms of this Agreement, the Company’s rights with respect to any such breach shall not be considered a waiver of a future breach by Executive of this Agreement, regardless of whether the breach is of a similar nature or not.

  

	11.	 This Agreement accurately sets forth and entirely sets forth the understandings reached between Executive and
the Company with respect to the matters treated herein. If there are any prior written or oral understandings or agreements pertaining to the subject matter addressed in this Agreement, they are specifically superseded by this Agreement and have no
effect, except that any other restrictive covenant agreements by and between Executive and the Company shall remain in full force and effect. This Agreement is binding on Executive and the Company, and our respective successors, assigns, and
representatives. This Agreement shall terminate without further action of the parties if, prior to the termination of Executive’s employment with the Company, Executive ceases to be designated as a Participant in the Severance Plan.

  
 18 

	12.	 Because of Company’s and Executive’s substantial contacts with the State of Tennessee, the fact that
Company’s headquarters is located in Tennessee, the parties’ interests in ensuring that disputes regarding the interpretation, validity, and enforceability of this Agreement are resolved on a uniform basis, and Company’s making and
execution of this Agreement in Tennessee, the parties agree that the Agreement shall be interpreted and governed by the laws of the State of Tennessee, without regard for any conflict of law principles. The parties agree that the exclusive venue and
jurisdiction for any litigation concerning or arising out of or based on this Agreement shall be the federal and state courts located in Tennessee. The parties expressly consent to the personal jurisdiction and venue of said courts. The provisions
of this paragraph shall not restrict the ability of Company or Executive to enforce in any court any judgment obtained in Tennessee federal or state court. 

IN WITNESS WHEREOF, and the Company and Executive have executed this Agreement on the date(s) noted next to their respective signatures. 

 

									
	 SYLVAMO CORPORATION
	  		 	 EXECUTIVE

			
	 	  		 	 
	By:	  	 	  		 	By:	  	 
	Title:	  	 	  		 	Title:	  	 
	Date:	  	 	  		 	Date:	  	 
		  		  		 		  	

  
 19Document

eHealth, Inc. 2014 Equity Incentive Plan
Notice of Stock Unit Grant

You have been granted the following Stock Unit award covering shares of the Common Stock of eHealth, Inc. (the “Company”). Each Unit is equivalent to one share of Common Stock of the Company (a “Share”) for purposes of determining the number of Shares subject to this award.  None of the restricted Stock Units will be issued (nor will you have the rights of a stockholder with respect to the underlying shares) until the vesting conditions described below are satisfied.  Additional terms of this grant are as follows:

									
	Name of Participant:		«FIRSTNAME» «LASTNAME»
	Total Number of Shares:		«SHARESGRANTED»
	Date of Grant:		«AWARDDATE»
	Vesting Commencement Date:		«VESTINGSTARTDATE»
	Vesting Schedule:		«VESTINGSCHEDULE», subject to your continued service through each vesting date.

You and the Company agree that this Stock Unit award is granted under, and governed by the terms and conditions of, the 2014 Equity Incentive Plan (the “Plan”) and the Stock Unit Award Agreement, both of which are attached to and made a part of this document.

You further agree that the Company may deliver by email, or other electronic delivery, all documents relating to the Plan or this award (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements).  You also agree that the Company may deliver these documents by posting them on a website or through an electronic system maintained by the Company or by a third party under contract with the Company.  If the Company posts these documents on a website, it will notify you by email.

You acknowledge that you have received and read the Notice of Stock Unit Grant, the Stock Unit Agreement, the Plan and the prospectus delivered thereunder.  By electronically accepting this Stock Unit award, you agree to all of the terms and conditions described in the Notice of Stock Unit Grant, the Stock Unit Agreement and the Plan.

eHealth, Inc. 2014 Equity Incentive Plan
Stock Unit Agreement

									
	Grant		The Company hereby grants you an award of restricted Stock Units (“RSUs”), as set forth in the Notice of Stock Unit Grant (the “Notice of Grant”) and subject to the terms and conditions in this Agreement and the Company’s 2014 Equity Incentive Plan (the “Plan”).  Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Stock Unit Agreement. 
			
	Company’s Obligation		Each RSU represents the right to receive a share of Stock (a “Share”) on the vesting date.  Unless and until the RSUs vest, you will have no right to receive Shares under such RSUs.  Prior to actual distribution of Shares pursuant to any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.  Settlement of any vested RSUs shall be made in whole Shares only.
			
	Vesting		Subject to the next paragraph (Forfeiture upon Termination of Service), the RSUs awarded by this Agreement will vest according to the vesting schedule specified in the Notice of Grant.  If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Grant may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.
			
	Forfeiture upon Termination of Service		Notwithstanding any contrary provision of this Agreement or the Notice of Grant, if you terminate Service for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company. 
			
	Leaves of Absence		For purposes of this RSU, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law.  But your Service terminates when the approved leave ends, unless you immediately return to active work.  If you go on a leave of absence, then the vesting schedule specified in the Notice of Grant may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave.
			
	Payment after Vesting		Any RSUs that vest hereunder will be paid to you (or in the event of your death, to your estate) in Shares.  Subject to any payment delay required under the following paragraph, such vested RSUs shall be paid in whole Shares as soon as practicable after vesting, but in each such case within sixty (60) days following the vesting date.  In no event will you be permitted, directly or indirectly, to specify the taxable year of payment of any RSUs payable under this Agreement. 

									
			Notwithstanding anything in the Plan or this Agreement or any other agreement (whether entered into before, on or after Date of Grant), if the vesting of the balance, or some lesser portion of the balance, of the RSUs is accelerated in connection with your termination of Service (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to your death, and if (x) you are a “specified employee” within the meaning of Section 409A at the time of such termination of Service and (y) the payment of such accelerated RSUs will result in the imposition of additional tax under Section 409A if paid to you on or within the six (6) month period following your termination of Service, then the payment of such accelerated RSUs will not be made until the date six (6) months and one (1) day following the date of your termination of Service, unless you die following your termination of Service, in which case, the RSUs will be paid in Shares to your estate as soon as practicable following your death. 
			
	Section 409A		It is the intent of this Agreement that it and all payments and benefits hereunder be exempt from, or comply with, the requirements of Section 409A so that none of the RSUs provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to be so exempt or so comply.  Each payment payable under this Award Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2).  For purposes of this Agreement, “Section 409A” means Section 409A of the Code, and any final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time.
			
	Tax Withholding 		Notwithstanding any contrary provision of this Agreement, no Shares shall be distributed to you unless and until you have made satisfactory arrangements with respect to the payment of income, employment and any other taxes which must be withheld with respect to such Shares.  The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit you to satisfy such tax withholding obligation, in whole or in part by one or more of the following: (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a value equal to the minimum amount statutorily required to be withheld, (c) delivering to the Company already vested and owned Shares having a value equal to the amount required to be withheld, or (d) selling a sufficient number of such Shares otherwise deliverable to you through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld.  If you fail to make satisfactory arrangements for the payment of any required tax withholding obligations with respect to Shares that are vesting, the Administrator, in its sole discretion, may require you to permanently forfeit such Shares and the Shares will be returned to the Plan at no cost.
			

									
	Tax Consequences		You acknowledge that you have reviewed with your own tax advisors the U.S. federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement.  With respect to such matters, you acknowledge and agree that you are relying solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral.  You understand that you (and not the Company) shall be responsible for your own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.
			
	Arbitration		You and the Company agree that any and all disputes arising out of the terms of the Notice of Grant, the Plan or this Agreement or their interpretation shall be subject to binding arbitration in Santa Clara County, California before the American Arbitration Association under its California Employment Dispute Resolution Rules, or by a judge to be mutually agreed upon.  You and the Company agree that the prevailing party in any arbitration shall be entitled to injunctive relief in any court of competent jurisdiction to enforce the arbitration award.  You and the Company agree that the prevailing party in any arbitration shall be awarded reasonable attorney’s fees and costs.
			
	Payments after Death		Any distribution or delivery to be made to you under this Agreement will, if you are then deceased, be made to the administrator or executor of your estate.  Any such administrator or executor must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.
			
	Stockholder Rights		Neither you nor any person claiming under or through you will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to you or your broker.
			
	No Effect on Employment		Your employment with the Company and its Subsidiaries is on an at will basis only.  Accordingly, the terms of your employment with the Company and its Subsidiaries will be determined from time to time by the Company or the Subsidiary employing you (as the case may be), and the Company or the Subsidiary will have the right, which is hereby expressly reserved, to terminate or change the terms of your employment at any time for any reason whatsoever, with or without good cause or notice.
			
	Notices		Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company at 2625 Augustine Drive, Second Floor, Santa Clara, CA 95054, Attn: Stock Administration, or at such other address as the Company may hereafter designate in writing or electronically.

									
			
	Grant is Not Transferable		Except to the limited extent provided in paragraph, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process.  Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.  You may, however, dispose of this award in your will or through a beneficiary designation.
			
	Binding Agreement		Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.
			
	Additional Conditions to Issuance of Stock 		If at any time the Company will determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to you (or your estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company.  The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority. 
			
	Resale Restrictions		You agree not to sell any RSU Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale.  This restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify.
			
	Applicable Law		This Agreement will be interpreted and enforced under the laws of the State of California, without regard to its choice-of-law provisions.
			
	The Plan and Other Agreements		The text of the Plan is incorporated in this Agreement by reference. This Agreement and the Notice of Grant are subject to all terms and provisions of the Plan.  In the event of a conflict between one or more provisions of this Agreement or the Notice of Grant and one or more provisions of the Plan, the provisions of the Plan will govern.
			

									
			This Agreement, the Notice of Grant and the Plan constitute the entire understanding between you and the Company regarding this award.  Any prior agreements, commitments or negotiations concerning this award are superseded.  This Agreement may be amended only by another written agreement between the parties.  Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without your consent, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this grant of RSUs.
			
	Administrator Authority		The Administrator will have the power to interpret the Plan, the Notice of Grant and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any RSUs have vested).  All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon you, the Company and all other interested persons.  No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan, the Notice of Grant or this Agreement.

By electronically accepting this Stock Unit award, you agree to all of the terms and conditions described in the Notice of Stock Unit Grant, the Stock Unit Agreement and the Plan.

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