Document:

Exhibit 4.1

 Exhibit 4.1 

 

	
	

 Form of Common Stock Certificate Number Shares COMMON STOCK COMMON STOCK AutoGenomics SEE
REVERSE FOR CERTAIN DEFINITIONS. TRANSFER RESTRICTIONS AND OTHER INFORMATION AUTOGENOMICS, INC. INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE CUSIP 05277R 105 THIS CERTIFIES THAT IS THE RECORD HOLDER OF FULLY PAID AND NON-ASSESSABLE SHARES OF
COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF AUTOGENOMICS, INC. transferrable on the books of the Corporation in person or by duly authorized attorney upon surrender of the Certificate properly endorsed. This certificate is not valid until
countersigned and registered by the Transfer Agent and Registrar. Witness the facsimile signatures of the Corporation’s duly authorized officers. Dated: Secretary President COUNTERSIGNED AND REGISTERED AMERICAN STOCK TRANSFER & TRUST
COMPANY, LLC (Brooklyn, NY) TRANSFER AGENT AND REGISTRAR BY: AUTHORIZED SIGNATURE GOES 740 All Right Reserved LITHO IN USA Form of Common Stock Certificate Form of Common Stock Certificate 

 Form of Common Stock Certificate 

The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written
out in full according to applicable laws or regulations: 
  

							
	TEN COM	  	as tenants in common	  	UNIF GIFT MIN ACT	  	
                Custodian      
      

(Cust)                        
(Minor)

				
	TEN ENT	  	as tenants by the entireties	  		  	 under Uniform Gifts to
Minors Act                                

                (State)

	JT TEN	  	as joint tenants with right of survivorship and not as tenants in common	  	UNIF TRF MIN ACT	  	             Custodian

(Cust)
 (until
age                )

(Minor)

	COM PROP	  	as community property	  		  	 under Uniform Transfers to Minors Act
                      
     (State)

 Additional abbreviations may also be used though not in the above list. 

For value received,
                                         
        hereby sell(s) assign(s) and transfer(s) unto 
  

			
	         PLEASE INSERT SOCIAL SECURITY OR
OTHER        
 IDENTIFYING NUMBER OF ASSIGNEE
	  	
	 	
	 	  	 
	 	
	 	  	 

			
	
	PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE
	
	  

	
	  

		
	 	  	Shares

			
		
	of the Common Stock represented by the within Certificate, and do(es) hereby irrevocably constitute and 
appoint	 	  

	
	  

 Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in
the premises. 
  

									
	Dated:	 	  
	 		  		  	
		 		 		  	X	  	  

					
		 		 		  	X	  	  

									
		 		 	NOTICE:	  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATSOEVER
	SIGNATURE(S) GUARANTEED:	 		  		  	
				
	  
	 		  		  	
	THE SIGNATURE MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO RULE 17Ad-15 UNDER THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED.Exhibit 10.1

THE CLOROX COMPANY
2005 STOCK
INCENTIVE PLAN

Effective as of November 16,
2005
Amended and Restated as of November 14, 2012

1.
Establishment, Objectives and Duration. 

     (a)
Establishment of the Plan. The Clorox Company, a Delaware corporation
(hereinafter referred to as the “Company”), hereby establishes an incentive
compensation plan to be known as “The Clorox Company 2005 Stock Incentive Plan”
(hereinafter referred to as the “Plan”). The Plan permits the granting of
Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights,
Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units
and Other Stock-Based Awards. The Plan was originally adopted effective as of
November 16, 2005 and the current amendment and restatement of the Plan is
adopted effective as of November 14, 2012 (the “Effective Date”), subject to the
approval of the Plan by the stockholders of the Company at the 2012 Annual
Meeting. Definitions of capitalized terms used in the Plan are contained in the
attached Glossary, which is an integral part of the Plan.

     (b) Objectives of the Plan.
The objectives of the Plan are to attract and retain the best available
personnel for positions of substantial responsibility, to provide additional
incentive to Participants and to optimize the profitability and growth of the
Company through incentives that are consistent with the Company’s goals and that
link the personal interests of Participants to those of the Company’s
stockholders. The Plan is further intended to provide flexibility to the Company
in its ability to motivate, attract, and retain the services of Participants who
make or are expected to make significant contributions to the Company’s success
and to allow Participants to share in the success of the Company. 

     (c) Duration of the Plan. No
Award may be granted under the Plan after the day immediately preceding the
tenth (10th) anniversary of the Effective Date, or such earlier date
as the Board or the Committee shall determine. The Plan will remain in effect
with respect to outstanding Awards until no Awards remain
outstanding.

2.
Administration of the Plan.

     (a) The Committee. The Plan
shall be administered by the Management Development and Compensation Committee
of the Board or such other committee (the “Committee”) as the Board shall select
consisting of two or more members of the Board, each of whom is intended to be
an “independent director” under New York Stock Exchange listing standards and
also may be a “non-employee director” within the meaning of Rule 16b-3 (or any
successor rule) of the Exchange Act and/or an “outside director” under
regulations promulgated under Section 162(m) of the Code. The members of the
Committee shall be appointed from time to time by, and shall serve at the
discretion of, the Board. 

     (b) Authority of the
Committee. Subject to Applicable Laws and the provisions of the Plan
(including any other powers given to the Committee hereunder), and except as
otherwise provided by the Board, the Committee shall have full and final
authority in its discretion to take all actions determined by the Committee to
be necessary in the administration of the Plan, including, without limitation,
discretion to:

     (i) select the Employees, Directors
and Consultants to whom Awards may from time to time be granted
hereunder;

     (ii) determine whether and to what
extent Awards are granted hereunder;

     (iii) determine the size and types
of Awards granted hereunder;

     (iv) approve forms of Award
Agreement for use under the Plan;

     (v) determine the terms and
conditions of any Award granted hereunder;

1

     (vi) establish performance goals for
any Performance Period and determine whether such goals were
satisfied;

     (vii)
amend the terms of any outstanding Award granted under the Plan, whether in the
event of a Participant’s termination of employment, in the event of a Change in
Control or otherwise, provided that, except as otherwise provided in Section 18,
no such amendment shall reduce the Exercise Price of an outstanding Option or
the grant price of an outstanding SAR, and at any time when the Exercise Price
of an outstanding Option or the grant price of an outstanding SAR is above the
Fair Market Value of a share of Common Stock, no such amendment shall provide
for the cancellation and re-grant or the exchange of any such outstanding Option
or SAR for either cash or a new Award with a lower (or no) exercise price
without the approval of the stockholders of the Company, and provided further,
that any amendment that would materially adversely affect the Participant’s
rights under an outstanding Award shall not be made without the Participant’s
written consent;

     (viii) construe and interpret the
terms of the Plan and any Award Agreement entered into under the Plan, and to
decide all questions of fact arising in its application; and

     (ix) take such other action, not
inconsistent with the terms of the Plan, as the Committee deems
appropriate.

Except to the extent prohibited by
Applicable Laws, the Committee may delegate its authority as identified herein,
including the power and authority to make Awards to Participants who are not
“insiders” subject to Section 16(b) of the Exchange Act, Awards intended to
satisfy the Performance-Based Exception and/or Awards intended to satisfy the
exception under Rule 16b-3(d)(1) promulgated under the Exchange Act, pursuant to
such conditions and limitations as the Committee may establish. References to
the Committee in this Plan shall refer to a delegate with respect to any action
of such delegate within the scope of the authority delegated to such delegate by
the Committee.

     (c) Effect of Committee’s
Decision. All decisions, determinations and interpretations of the Committee
shall be final, binding and conclusive on all persons, including the Company,
its Subsidiaries, its stockholders, Employees, Directors, Consultants and their
estates and beneficiaries. 

3.
Shares Subject to the Plan; Effect of Grants; Individual Limits.

     (a) Number of Shares Available
for Grants. Subject to adjustment as provided in Section 18 hereof, the
maximum number of Shares which may be issued pursuant to Awards under the Plan
granted after June 30, 2012 shall be 7,100,000 Shares, plus the number of Shares deemed
not issued under the Plan or the Prior Plans pursuant to paragraphs (i), (ii),
(iii) or (iv) of this Section 3(a). For the avoidance of doubt, the Company
shall be entitled to issue Shares under awards granted under the Plan or the
Prior Plans that were outstanding on June 30, 2012 and such issuances shall not
reduce the foregoing. 

     (i) Shares that are potentially
deliverable under an Award or a Prior Plan award that expires or is canceled,
forfeited, settled in cash or otherwise settled without the delivery of Shares
shall not be treated as having been issued under the Plan or a Prior
Plan.

     (ii) Shares that are held back or
tendered (either actually or constructively by attestation) to cover the
exercise price or tax withholding obligations with respect to an Award or Prior
Plan award shall not be treated as having been issued under the Plan or a Prior
Plan.

     (iii) Shares that are issued
pursuant to awards that are assumed, converted or substituted in connection with
a merger, acquisition, reorganization or similar transaction shall not be
treated as having been issued under the Plan.

     (iv) Shares that are repurchased in
the open market with Option Proceeds from Awards or Prior Plan awards shall not
be treated as having been issued under the Plan or a Prior Plan; provided,
however, that the aggregate number of Shares deemed not issued pursuant to the
repurchase of Shares with Option Proceeds shall not be greater than the amount
of such proceeds divided by the Fair Market Value of a Share on the date of
exercise of the Option or Prior Plan option giving rise to such proceeds.

Notwithstanding paragraphs (i) through
(iv) above, for purposes of determining the number of Shares available for grant
as Incentive Stock Options, only Shares that are subject to an Award or a Prior
Plan award that expires or is cancelled, forfeited or settled in cash shall be
treated as not having been issued under the Plan or a Prior
Plan.

2

     The
Shares to be issued pursuant to Awards may be authorized but unissued Shares or
treasury Shares.

     (b) Individual Limits.
Subject to adjustment as provided in Section 18 hereof, the following rules
shall apply with respect to Awards: 

     (i) Options and SARs: The maximum
aggregate number of Shares with respect to which Options and SARs may be granted
in any 36-month period to any one Participant shall be 2,000,000
Shares.

     (ii) Restricted Stock, Restricted
Stock Units, Performance Shares and Other Stock-Based Awards: The maximum
aggregate number of Shares of Restricted Stock and Shares with respect to which
Restricted Stock Units, Performance Shares and Other Stock-Based Awards may be
granted in any 36-month period to any one Participant shall be 800,000
Shares.

     (iii) Performance Units: The maximum
aggregate compensation that can be paid pursuant to Performance Units awarded in
any one fiscal year to any one Participant shall be $10,000,000 or a number of
Shares having an aggregate Fair Market Value on the date of grant not in excess
of such amount.

4.
Eligibility and Participation.

     (a) Eligibility. Persons
eligible to participate in the Plan include all Employees, Directors and
Consultants. 

     (b) Actual Participation.
Subject to the provisions of the Plan, the Committee may, from time to time,
select from all eligible Employees, Directors and Consultants, those to whom
Awards shall be granted and shall determine the nature and amount of each Award.
The Committee may establish additional terms, conditions, rules or procedures to
accommodate the rules or laws of applicable foreign jurisdictions and to afford
Participants favorable treatment under such laws; provided, however, that no
Award shall be granted under any such additional terms, conditions, rules or
procedures with terms or conditions which are inconsistent with the provisions
of the Plan.

5.
Types of Awards.

     (a) Type of Awards. Awards
under the Plan may be in the form of Options (both Nonqualified Stock Options
and/or Incentive Stock Options), SARs, Restricted Stock, Restricted Stock Units,
Performance Shares, Performance Units and Other Stock-Based Awards. 

     (b) Designation of Award.
Each Award shall be designated in the Award Agreement. 

6.
Options.

     (a) Grant of Options. Subject
to the terms and provisions of the Plan, Options may be granted to Participants
in such number and upon such terms, and at any time and from time to time, as
shall be determined by the Committee. 

     (b) Award Agreement. Each
Option grant shall be evidenced by an Award Agreement that shall specify the
Exercise Price, the duration of the Option, the number of Shares to which the
Option pertains, and such other provisions as the Committee shall determine
including, but not limited to, the Option vesting schedule, repurchase
provisions, rights of first refusal, forfeiture provisions, form of payment
(cash, Shares, or other consideration) upon settlement of the Award, and payment
contingencies. The Award Agreement also shall specify whether the Option is
intended to be an Incentive Stock Option or a Nonqualified Stock Option. Options
that are intended to be Incentive Stock Options shall be subject to the
limitations set forth in Section 422 of the Code.

     (c) Exercise Price. Except
for Options adjusted pursuant to Section 18 herein, and replacement Options
granted in connection with a merger, acquisition, reorganization or similar
transaction, the Exercise Price for each grant of an Option shall not be less
than one hundred percent (100%) of the Fair Market Value of a Share on the date
the Option is granted. However, in the case of an Incentive Stock Option granted
to a Participant who, at the time the Option is granted, owns stock representing
more 

3

than ten percent (10%) of the voting
power of all classes of stock of the Company or any Subsidiary, the Exercise
Price for each grant of an Option shall not be less than one hundred ten percent
(110%) of the Fair Market Value of a Share on the date the Option is granted.

     (d)
Term of Options. The term of an Option granted under the Plan shall be
determined by the Committee, in its sole discretion; provided, however, that
such term shall not exceed ten (10) years. However, in the case of an Incentive
Stock Option granted to a Participant who, at the time the Option is granted,
owns stock representing more than ten percent (10%) of the voting power of all
classes of stock of the Company or any Subsidiary, the term of the Incentive
Stock Option shall be five (5) years from the date of grant thereof or such
shorter term as may be provided in the Award Agreement. 

     (e) Exercise of Options.
Options granted under this Section 6 shall be exercisable at such times and be
subject to such restrictions and conditions as set forth in the Award Agreement
and as the Committee shall in each instance approve, which need not be the same
for each grant or for each Participant. 

     (f) Payments. Options granted
under this Section 6 shall be exercised by the delivery of a written notice to
the Company, setting forth the number of Shares with respect to which the Option
is to be exercised and specifying the method of the Exercise Price. The Exercise
Price of an Option shall be payable to the Company: (i) in cash or its
equivalent, (ii) by tendering (either actually or constructively by attestation
or through authorization to withhold Shares otherwise issuable upon exercise of
an Option) Shares having an aggregate Fair Market Value at the time of exercise
equal to the Exercise Price, (iii) in any other manner then permitted by the
Committee that is determined to provide a benefit to the Company, or (iv) by a
combination of any of the permitted methods of payment. The Committee may limit
any method of payment, other than that specified under (i), for administrative
convenience, to comply with Applicable Laws or otherwise. Shares issued upon
exercise shall be subject to such continuing restrictions as shall be provided
in a Participant’s Award Agreement.

     (g) Restrictions on Share
Transferability. The Committee may impose such restrictions on any Shares
acquired pursuant to the exercise of an Option granted under this Section 6 as
it may deem advisable, including, without limitation, restrictions under
applicable federal securities laws, under the requirements of any stock exchange
or market upon which such Shares are then listed and/or traded, and under any
blue sky or state securities laws applicable to such Shares.

     (h) Termination of Employment or
Service. Each Participant’s Option Award Agreement shall set forth the
extent to which the Participant shall have the right to exercise the Option
following termination of the Participant’s employment or, if the Participant is
a Director or Consultant, service with the Company and its Subsidiaries. Such
provisions shall be determined in the sole discretion of the Committee, need not
be uniform among all Options, and may reflect distinctions based on the reasons
for termination of employment or service.

     (i) No Repricing without
Stockholder Approval. The Company shall not, without the approval of the
stockholders of the Company, reduce the Exercise Price of an outstanding Option.
And, at any time when the Exercise Price of an outstanding Option is above the
Fair Market Value of a share of Common Stock, the Company shall not, without the
approval of the stockholders of the Company, provide for the cancellation and
re-grant or the exchange of such outstanding Option for either cash or a new
Award with a lower (or no) exercise price.

7.
Stock Appreciation Rights.

     (a) Grant of SARs. Subject to
the terms and provisions of the Plan, SARs may be granted to Participants in
such amounts and upon such terms, and at any time and from time to time, as
shall be determined by the Committee. The Committee may grant Freestanding SARs,
Tandem SARs, or any combination of these forms of SAR. 

     (b) Award Agreement. Each SAR
grant shall be evidenced by an Award Agreement that shall specify the grant
price, the term of the SAR, and such other provisions as the Committee shall
determine.

     (c) Grant Price. The grant
price of a Freestanding SAR shall not be less than one hundred percent (100%) of
the Fair Market Value of a Share on the date of grant of the SAR, and the grant
price of a Tandem SAR shall equal the Exercise Price of the related Option;
provided, however, that these limitations shall not apply to Awards that are
adjusted pursuant to Section 18 herein. 

4

     (d)
Term of SARs. The term of a SAR granted under the Plan shall be
determined by the Committee, in its sole discretion; provided, however, that
such term shall not exceed ten (10) years.

     (e) Exercise of Tandem SARs.
A Tandem SAR may be exercised only with respect to the Shares for which its
related Option is then exercisable. To the extent exercisable, Tandem SARs may
be exercised for all or part of the Shares subject to the related Option. The
exercise of all or part of a Tandem SAR shall result in the forfeiture of the
right to purchase a number of Shares under the related Option equal to the
number of Shares with respect to which the SAR is exercised. Conversely, upon
exercise of all or part of an Option with respect to which a Tandem SAR has been
granted, an equivalent portion of the Tandem SAR shall similarly be
forfeited.

     Notwithstanding any other provision
of the Plan to the contrary, with respect to a Tandem SAR granted in connection
with an ISO: (i) the Tandem SAR will expire no later than the expiration of the
underlying ISO; (ii) the value of the payout with respect to the Tandem SAR may
be for no more than one hundred percent (100%) of the difference between the
Exercise Price of the underlying ISO and the Fair Market Value of the Shares
subject to the underlying ISO at the time the Tandem SAR is exercised; and (iii)
the Tandem SAR may be exercised only when the Fair Market Value of the Shares
subject to the ISO exceeds the Exercise Price of the ISO.

     (f) Exercise of Freestanding
SARs. Freestanding SARs may be exercised upon whatever terms and conditions
the Committee, in its sole discretion, imposes upon them and sets forth in the
Award Agreement.

     (g) Payment of SAR Amount.
Upon exercise of a SAR, a Participant shall be entitled to receive payment from
the Company in an amount determined by multiplying:

     (i) the difference between the Fair
Market Value of a Share on the date of exercise over the grant price;
by

     (ii) the number of Shares with
respect to which the SAR is exercised.

     At the discretion of the Committee,
the payment upon SAR exercise may be in cash, in Shares of equivalent value, or
in some combination thereof. Shares issued upon SAR exercise shall be subject to
such continuing restrictions as shall be provided in a Participant’s Award
Agreement.

     (h) Termination of Employment or
Service. Each SAR Award Agreement shall set forth the extent to which the
Participant shall have the right to exercise the SAR following termination of
the Participant’s employment or, if the Participant is a Director or Consultant,
service with the Company and its Subsidiaries. Such provisions shall be
determined in the sole discretion of the Committee, need not be uniform among
all SARs, and may reflect distinctions based on the reasons for termination of
employment or service.

     (i) No Repricing without
Stockholder Approval. The Company shall not, without the approval of the
stockholders of the Company, reduce the grant price of an outstanding SAR. And
at any time when the grant price of an outstanding SAR is above the Fair Market
Value of a share of Common Stock, the Company shall not, without the approval of
the stockholders of the Company, provide for the cancellation and re-grant or
the exchange of such outstanding SAR for either cash or a new Award with a lower
(or no) exercise price.

8.
Restricted Stock.

     (a) Grant of Restricted
Stock. Subject to the terms and provisions of the Plan, Restricted Stock may
be granted to Participants in such amounts and upon such terms, and at any time
and from time to time, as shall be determined by the Committee. 

     (b) Award Agreement. Each
Restricted Stock grant shall be evidenced by an Award Agreement that shall
specify the applicable restrictions, the number of Shares of Restricted Stock
granted and issued on the grant date, and such other provisions as the Committee
shall determine.

5

     (c)
Other Restrictions. The Committee shall impose such other conditions
and/or restrictions on any Shares of Restricted Stock granted pursuant to the
Plan as it may deem advisable including, without limitation, a requirement that
Participants pay a stipulated purchase price for each Share of Restricted Stock,
a requirement that the issuance of Shares of Restricted Stock be delayed,
restrictions based upon the achievement of specific performance goals,
time-based restrictions requiring a minimum period of service as a condition of
vesting any or all Shares of Restricted Stock, and/or restrictions under
Applicable Laws or under the requirements of any stock exchange or market upon
which such Shares are listed or traded, or holding requirements or sale
restrictions placed on the Shares by the Company upon vesting of such Restricted
Stock. The Company may retain in its custody any certificate evidencing the
Shares of Restricted Stock and place thereon a legend and institute
stop-transfer orders on such Shares, and the Participant shall be obligated to
sign any stock power requested by the Company relating to the Shares to give
effect to the forfeiture provisions and any other restrictions of the Restricted
Stock. 

     (d) Removal of Restrictions.
Subject to Applicable Laws, Restricted Stock shall become freely transferable by
the Participant after the lapse of all of the restrictions applicable thereto.

     (e) Voting Rights. Unless
otherwise determined by the Committee and set forth in a Participant’s Award
Agreement, to the extent permitted or required by Applicable Laws, as determined
by the Committee, Participants holding Shares of Restricted Stock granted
hereunder may exercise full voting rights with respect to those Shares.

     (f) Dividends and Other
Distributions. Except as otherwise provided in a Participant’s Award
Agreement, to the extent permitted or required under Applicable Laws,
Participants holding Shares of Restricted Stock shall receive all regular cash
Dividends paid with respect to all Shares while they are so held, and, except as
otherwise determined by the Committee, to the extent permitted or required under
Applicable Laws, all other distributions paid with respect to such Restricted
Stock shall be credited to Participants subject to the same restrictions on
transferability and forfeitability as the Restricted Stock with respect to which
they were paid and shall be delivered to Participants in conjunction with the
Shares of Restricted Stock with respect to which such distributions were made.
Notwithstanding the foregoing, Dividends or other distributions that relate to
performance-based Restricted Stock will be subject to the same performance
conditions as the underlying Award.

     (g) Termination of Employment or
Service. Each Award Agreement shall set forth the extent to which the
Participant shall have the right to retain unvested Restricted Stock following
termination of the Participant’s employment or, if the Participant is a Director
or Consultant, service with the Company and its Subsidiaries. Such provisions
shall be determined in the sole discretion of the Committee, need not be uniform
among all Awards of Restricted Stock, and may reflect distinctions based on the
reasons for termination of employment or service. 

9.
Restricted Stock Units. 

     (a) Grant of Restricted Stock
Units. Subject to the terms and provisions of the Plan, Restricted Stock
Units may be granted to Participants in such amounts and upon such terms, and at
any time and from time to time, as shall be determined by the
Committee.

     (b) Award Agreement. Each
grant of Restricted Stock Units shall be evidenced by an Award Agreement that
shall specify the applicable restrictions, the number of Restricted Stock Units
granted, and such other provisions as the Committee shall determine. 

     (c) Value of Restricted Stock
Units. The initial value of a Restricted Stock Unit shall equal the Fair
Market Value of a Share on the date of grant; provided, however, that this
restriction shall not apply to Awards that are adjusted pursuant to Section 18
herein.

     (d) Other Restrictions. The
Committee shall impose such other conditions and/or restrictions on any
Restricted Stock Units and/or the Shares issuable upon the settlement of
Restricted Stock Units granted pursuant to the Plan as it may deem advisable
including, without limitation, a requirement that Participants pay a stipulated
purchase price for each Restricted Stock Unit, time-based restrictions requiring
a minimum period of service as a condition of settlement of any or all
Restricted Stock Units, and/or restrictions under Applicable Laws or under the
requirements of any stock exchange or market, or holding requirements or sale
restrictions placed on any Shares issued by the Company upon vesting and in
settlement of such Restricted Stock Units. 

6

     (e) Form
and Timing of Payment. Except as otherwise provided in Section 19 herein or
a Participant’s Award Agreement, payment of Restricted Stock Units shall be made
at a specified settlement date that shall not be earlier than the last day that
any time-based restrictions have lapsed. The Committee, in its sole discretion,
may settle Restricted Stock Units by delivery of Shares or by payment in cash of
an amount equal to the Fair Market Value of such Shares (or a combination
thereof). The Committee may provide that settlement of Restricted Stock Units
shall be deferred, either on a mandatory basis or at the election of the
Participant. Shares issued at the settlement date shall be subject to such
continuing restrictions as shall be provided in a Participant’s Award
Agreement.

    
(f) Voting Rights. A Participant shall have no voting rights with
respect to any Restricted Stock Units granted hereunder.

    
(g) Termination of Employment or Service. Each Award Agreement
shall set forth the extent to which the Participant shall have the right to
receive a payout respecting an Award of Restricted Stock Units following
termination of the Participant’s employment or, if the Participant is a Director
or Consultant, service with the Company and its Subsidiaries. Such provisions
shall be determined in the sole discretion of the Committee, need not be uniform
among all Restricted Stock Units, and may reflect distinctions based on the
reasons for termination of employment or service. 

    
(h) Dividends and Other Distributions. Shares underlying
Restricted Stock Units shall be entitled to Dividends or other distributions
only to the extent provided by the Committee. In the event that the Committee
decides to grant Restricted Stock Units that are entitled to Dividends or other
distributions, Dividends or other distributions that relate to performance-based
Restricted Stock Units shall be subject to the same performance conditions as
the underlying Award.

10.
Performance Shares.

    
(a) Grant of Performance Shares. Subject to the terms and
provisions of the Plan, Performance Shares may be granted to Participants in
such amounts and upon such terms, and at any time and from time to time, as
shall be determined by the Committee.

    
(b) Award Agreement. Each grant of Performance Shares shall be
evidenced by an Award Agreement that shall specify the applicable Performance
Period(s) and Performance Measure(s), the number of Performance Shares granted
and issued on the grant date, and such other provisions as the Committee shall
determine.

    
(c) Performance Period and Other Restrictions. The Committee shall
impose such conditions and/or restrictions on any Performance Shares granted
pursuant to the Plan as it may deem advisable including, without limitation, a
requirement that Participants pay a stipulated purchase price for each
Performance Share, time-based restrictions requiring a minimum period of service
as a condition of vesting of any or all Performance Shares, and/or restrictions
under Applicable Laws or under the requirements of any stock exchange or market
upon which the Shares are listed or traded, or holding requirements or sale
restrictions placed on the Shares by the Company upon vesting of such
Performance Shares. The Company may retain in its custody any certificate
evidencing the Shares and place thereon a legend and institute stop-transfer
orders on such Shares, and the Participant shall be obligated to sign any stock
power requested by the Company relating to the Shares to give effect to the
forfeiture provisions and any other restrictions of the Performance
Shares.

    
(d) Removal of Restrictions. Subject to Applicable Laws,
Performance Shares shall become freely transferable by the Participant after the
lapse of all of the restrictions applicable thereto. 

    
(e) Voting Rights. Unless otherwise determined by the Committee
and set forth in a Participant’s Award Agreement, to the extent permitted or
required by Applicable Laws, as determined by the Committee, Participants
holding Performance Shares granted hereunder may exercise full voting rights
with respect to those Shares.

    
(f) Dividends and Other Distributions. Except as otherwise
provided in a Participant’s Award Agreement, to the extent permitted or required
under Applicable Laws, Participants holding Performance Shares shall receive all
regular cash Dividends paid with respect to all Shares while they are so held;
provided, however, that all Dividends or other distributions shall be subject to
the same performance conditions as the underlying Award.

7

     (g)
Termination of Employment or Service. Each Award Agreement shall set
forth the extent to which the Participant shall have the right to retain
unvested Performance Shares following termination of the Participant’s
employment or, if the Participant is a Consultant, service with the Company and
its Subsidiaries. Such provisions shall be determined in the sole discretion of
the Committee, need not be uniform among all Participants, and may reflect
distinctions based on the reasons for termination of employment or
service.

11.
Performance Units.

    
(a) Grant of Performance Units. Subject to the terms and
conditions of the Plan, Performance Units may be granted to Participants in such
amounts and upon such terms, and at any time and from time to time, as shall be
determined by the Committee. 

    
(b) Award Agreement. Each grant of Performance Units shall be
evidenced by an Award Agreement that shall specify the number of Performance
Units granted, the Performance Period(s) and Performance Measure(s), the
performance goals and such other provisions as the Committee shall
determine.

    
(c) Value of Performance Units. The Committee shall set
performance goals in its discretion that, depending on the extent to which they
are met, will determine the number and/or value of Performance Units that will
be paid out to the Participants.

    
(d) Form and Timing of Payment. Except as otherwise provided in
Section 19 herein or a Participant’s Award Agreement, payment of Performance
Units shall be made following the close of the applicable Performance Period on
a settlement date selected by the Committee. The Committee, in its sole
discretion, may settle Performance Units in cash or in Shares that have an
aggregate Fair Market Value equal to the value of the Performance Units (or a
combination thereof). The Committee may provide that settlement of Performance
Units shall be deferred, either on a mandatory basis or at the election of the
Participant. Shares issued at the settlement date shall be subject to such
continuing restrictions as shall be provided in a Participant’s Award Agreement.

    
(e) Voting Rights. A Participant shall have no voting rights with
respect to any Performance Units granted hereunder.

    
(f) Termination of Employment or Service. Each Award Agreement
shall set forth the extent to which the Participant shall have the right to
receive a payout respecting an Award of Performance Units following termination
of the Participant’s employment or, if the Participant is a Consultant, service
with the Company and its Subsidiaries. Such provisions shall be determined in
the sole discretion of the Committee, need not be uniform among all Performance
Units and may reflect distinctions based on reasons for termination of
employment or service. 

    
(g) Dividends and Other Distributions. Shares underlying
Performance Units shall be entitled to Dividends or other distributions only to
the extent provided by the Committee. In the event that the Committee decides to
grant Performance Units that are entitled to Dividends or other distributions,
Dividends or other distributions shall be subject to the same performance
conditions as the underlying Award.

12.
Other Stock-Based Awards.

    
(a) Grant. The Committee shall have the right to grant other
Awards that may include, without limitation, the grant of Shares based on
attainment of performance goals established by the Committee, the payment of
Shares as a bonus or in lieu of cash based on attainment of performance goals
established by the Committee, and the payment of Shares in lieu of cash under
other Company incentive or bonus programs. 

    
(b) Restrictions. The Committee shall impose such conditions
and/or restrictions on Other Stock-Based Awards granted pursuant to the Plan as
it may deem advisable including, without limitation, a requirement that
Participants pay a stipulated purchase price for each Share subject to the
Award, time-based restrictions requiring a minimum period of service as a
condition of vesting in any or all Shares subject to the Award, and/or
restrictions under Applicable Laws or under the requirements of any stock
exchange or market, or holding requirements or sale restrictions placed on any
Shares issued by the Company upon vesting and in settlement of Other Stock-Based
Awards. 

8

     (c) Payment
of Other Stock-Based Awards. Settlement of any such Awards shall be made in
such manner and at such times as the Committee may determine. The Committee may
provide that settlement of Other Stock-Based Awards shall be deferred, either on
a mandatory basis or at the election of the Participant. Shares issued upon
settlement shall be subject to such continuing restrictions as shall be provided
in a Participant’s Award Agreement.

    
(d) Termination of Employment or Service. The Committee shall
determine the extent to which the Participant shall have the right to receive
Other Stock-Based Awards following termination of the Participant’s employment
or, if the Participant is a Director or Consultant, service with the Company and
its Subsidiaries. Such provisions shall be determined in the sole discretion of
the Committee, such provisions may be included in an agreement entered into with
each Participant, but need not be uniform among all Other Stock-Based Awards,
and may reflect distinctions based on the reasons for termination of employment
or service.

13. Dividend Equivalents. At the
discretion of the Committee, Awards granted pursuant to the Plan may provide
Participants with the right to receive Dividend Equivalents, which may be paid
currently or credited to an account for the Participants, and may be settled in
cash and/or Shares, as determined by the Committee in its sole discretion,
subject in each case to such terms and conditions as the Committee shall
establish. Notwithstanding the foregoing, Dividend Equivalents that relate to
performance-based Awards will either not be made at all or shall be subject to
the same performance conditions as the underlying Award.

14.
Performance-Based Exception.

    
(a) The Committee may specify that the attainment of one or more of the
Performance Measures set forth in this Section 14 shall determine the degree of
granting, vesting and/or payout with respect to Awards that the Committee
intends will qualify for the Performance-Based Exception. The performance goals
to be used for such Awards shall be chosen from among the following performance
measures (the “Performance Measures”): total shareholder return, stock price,
net customer sales, volume, gross profit, gross margin, operating profit,
operating margin, management profit, earnings from continuing operations before
income taxes, earnings from continuing operations, earnings per share from
continuing operations, earnings before interest and taxes (“EBIT”), earnings
before interest, taxes, depreciation and amortization (“EBITDA”), net operating
profit after tax, net earnings, net earnings per share, return on assets, return
on investment, return on equity, return on invested capital, cost of capital,
average capital employed, cash value added, economic value added, economic
profit, cash flow, cash flow from operations, working capital, working capital
as a percentage of net customer sales, asset growth, asset turnover, market
share, customer satisfaction, and employee satisfaction. The targeted level or
levels of performance with respect to such Performance Measures may be
established at such levels and on such terms as the Committee may determine, in
its discretion, on a corporate-wide basis or with respect to one or more
business units, divisions, subsidiaries, business segments or functions, and in
either absolute terms or relative to the current and/or historical performance
of one or more companies or an index covering multiple companies. Performance
measures that are financial metrics may or may not be calculated in accordance
with generally accepted accounting principles, at the Committee’s discretion.
Awards that are not intended to qualify for the Performance-Based Exception may
be based on these or such other performance measures as the Committee may
determine.

    
(b) Unless otherwise determined by the Committee, measurement of
performance goals with respect to the Performance Measures above shall exclude
the impact of charges for restructurings, discontinued operations, extraordinary
items, and other unusual or non-recurring items, including, for example, asset
impairment charges and force majeure, as well as the cumulative effects of tax
or accounting changes, each as determined in accordance with generally accepted
accounting principles or identified in the Company’s financial statements, notes
to the financial statements, management’s discussion and analysis or other
filings with the SEC.

    
(c) Performance goals may differ for Awards granted to any one
Participant or to different Participants. 

    
(d) Achievement of performance goals in respect of Awards intended to
qualify under the Performance-Based Exception shall be measured over a
Performance Period specified in the Award Agreement, and the goals shall be
established not later than 90 days after the beginning of the Performance Period
or, if less than 90 days, the number of days which is equal to 25% of the
relevant Performance Period applicable to the Award. 

9

     (e) The
Committee shall have the discretion to adjust the determinations of the degree
of attainment of the pre-established performance goals; provided, however, that
Awards that are designed to qualify for the Performance-Based Exception may not
be adjusted upward (the Committee may, in its discretion, adjust such Awards
downward). 

    
(f) The Committee shall certify the extent to which any Performance
Measures have been satisfied, and the amount payable as a result thereof, prior
to payment, settlement or vesting of any Award that is intended to satisfy the
Performance-Based Exception. Shares issued upon full or partial achievement of
the selected Performance Measure(s) shall be subject to such continuing
restrictions as shall be provided in a Participant’s Award Agreement.

15. Transferability of Awards. Incentive
Stock Options may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated, other than by will or by the laws of descent and
distribution, and shall be exercisable during a Participant’s lifetime only by
such Participant. Other Awards shall be transferable to the extent provided in
the Award Agreement, except that no Award may be transferred for consideration.
Each Award may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated by a Participant other than by will or the laws of
descent and distribution, and each Option or Stock Appreciation Right shall be
exercisable only by the Participant during his or her lifetime. Notwithstanding
the foregoing, to the extent permitted by the Committee, the person to whom an
Award (other than an Incentive Stock Option) is initially granted (the
“Grantee”) may transfer an Award to any “family member” of the Grantee (as such
term is defined in Section 1(a)(5) of the General Instructions to Form S-8 under
the Securities Act of 1933, as amended (“Form S-8”)); provided that, (i) as a
condition thereof, the transferor and the transferee must execute a written
agreement containing such terms as may be specified by the Committee, and (ii)
the transfer is pursuant to a gift or a domestic relations order to the extent
permitted under the General Instructions to Form S-8.

16. Taxes. The Company shall have the
power and right, prior to the delivery of Shares pursuant to an Award, to deduct
or withhold, or require a participant to remit to the Company (or a Subsidiary),
an amount (in cash or Shares) sufficient to satisfy any applicable tax
withholding requirements applicable to an Award. Whenever under the Plan
payments are to be made in cash, such payments shall be net of an amount
sufficient to satisfy any applicable tax withholding requirements. Subject to
such restrictions as the Committee may prescribe, a Participant may satisfy all
or a portion of any tax withholding requirements for an Award payable or settled
in Shares by electing to have the Company withhold Shares having a Fair Market
Value equal to the amount to be withheld up to the minimum statutory tax
withholding rate (or such other rate that will not cause the Award to be
accounted for under variable award account or otherwise result in a negative
accounting impact). 

17.
Conditions Upon Issuance of Shares.

    
(a) Shares shall not be issued pursuant to the exercise or settlement of
an Award unless the exercise or settlement of such Award and the issuance and
delivery of such Shares pursuant thereto shall comply with all Applicable Laws,
and shall be further subject to the approval of counsel for the Company with
respect to such compliance.

    
(b) As a condition to the exercise or settlement of an Award, the Company
may require the person exercising such Award or receiving such settlement to
represent and warrant at the time of any such exercise or settlement that the
Shares are being acquired only for investment and without any present intention
to sell or distribute such Shares if, in the opinion of counsel for the Company,
such a representation is required by any Applicable Laws. The Company may also
require the person exercising such Award or receiving such settlement to
acknowledge and affirm any restrictions applicable to the Shares issuable upon
the exercise or settlement of an Award.

18. Adjustments Upon Changes in Capitalization. Notwithstanding any other provision of the Plan to the contrary, in the
event of any merger, reorganization, consolidation, recapitalization,
liquidation, stock dividend, split-up, spin-off, stock split, reverse stock
split, share combination, share exchange, extraordinary dividend, or any change
in the corporate structure affecting the Shares, such adjustment shall be made
in the number and kind of Shares or other securities or property that may be
delivered under the Plan, the individual limits set forth in Section 3(b), and,
with respect to outstanding Awards, in the number and kind of Shares or other
securities or property subject to outstanding Awards, the Exercise Price, grant
price or other price, if any, of Shares subject to outstanding Awards, any
performance conditions relating to Shares, the market price of Shares, or
per-Share results, and other terms and conditions of outstanding Awards, as may
be determined to be appropriate and equitable by the Committee, 

10

in its sole discretion, to prevent
dilution or enlargement of rights; provided, however, that, unless otherwise
determined by the Committee, the number of Shares or other securities or
property subject to any Award shall always be rounded down to a whole number.
Adjustments made by the Committee pursuant to this Section 18 shall be final,
binding, and conclusive.

19.
Change in Control, Cash-Out and Termination of Underwater Options/SARs, and
Subsidiary Disposition. 

     (a) Change
in Control. Except as otherwise provided in a Participant’s Award Agreement
or pursuant to Section 19(b) hereof, upon the occurrence of a Change in Control,
unless otherwise specifically prohibited under Applicable Laws, or by the rules
and regulations of any governing governmental agencies or national securities
exchanges:

    
(i) any and all outstanding Options and SARs granted hereunder shall
become immediately exercisable unless such Awards are assumed, converted,
replaced or continued by the continuing entity; provided, however, that in the
event of a Participant’s termination of employment without Cause within
twenty-four (24) months following consummation of a Change in Control, any
Awards so assumed, converted, replaced or continued will become immediately
exercisable;

    
(ii) any Period of Restriction or other restriction imposed on Restricted
Stock, Restricted Stock Units, Performance Shares, Performance Units and Other
Stock-Based Awards shall lapse unless such Awards are assumed, converted,
replaced or continued by the continuing entity; provided, however, that in the
event of a Participant’s termination of employment without Cause within
twenty-four (24) months following consummation of a Change in Control, the
Period of Restriction on any Awards so assumed, converted, replaced or continued
shall lapse; and

    
(iii) the portion of any and all Performance Shares, Performance Units
and other Awards (if performance-based) that remain outstanding following the
occurrence of a Change in Control shall be determined by applying actual
performance from the beginning of the Performance Period through the date of the
Change in Control using the formula set forth in the Award Agreement
(“Performance Measure Formula”) to determine the amount of the payout or
distribution rounded to the nearest whole Share. Notwithstanding the foregoing,
if the Change in Control occurs prior to the end of a Performance Period for an
Award, the Performance Measure Formula shall generally be adjusted to take into
account the shorter period of time available to achieve the Performance
Measures. If a quantitative Performance Measure Formula for the entire
Performance Period has been determined by the Company by adding together one or
more goals for Performance Measures (“Performance Measure Goals”) for multiple
time periods within the Performance Period (each a “subperiod”), then the
adjusted Performance Measure Formula for a given level of performance shall be
equal to the sum of (1) the Performance Measure Goals for each completed
subperiod for such level of performance and (2) a prorated Performance Measure
Goal (determined by the number of days in such subperiod falling on or before
the occurrence of the Change in Control divided by the total number of days in
such subperiod) for such level of performance for each subperiod not completed
on or before the occurrence of the Change in Control. If there are no
subperiods, then the quantitative Performance Measure Formula shall be prorated
by taking the Performance Measure Goal for each specified level of performance
for the entire Performance Period and multiplying it by a fraction, the
numerator of which is the number of days in the Performance Period falling on or
before the occurrence of the Change in Control and the denominator of which is
the total number of days in the Performance Period. Qualitative Performance
Measures shall not be adjusted. In the unlikely event that the Company is unable
to substantially adjust the target Performance Measure(s) for an Award as set
forth above, then the portion of such Award that shall remain outstanding shall
be based on the assumption that the target level of performance for each
Performance Measure for the entire Performance Period has been
achieved.

The portion of the Award that remains
outstanding following the occurrence of a Change in Control as determined in the
preceding paragraph shall vest in full at the end of the Performance Period set
forth in such Award so long as the Participant’s employment (or if the
Participant is a Director or Consultant, service) with the Company or a
Subsidiary does not terminate until the end of the Performance Period.
Notwithstanding the foregoing, such portion shall vest in full upon the earliest
to occur of the following events: (1) the termination of the Participant by the
Company without Cause, (2) the refusal of the continuing entity to assume,
convert, replace or continue the Award, or (3) if applicable, the resignation of
the Participant for a “good reason”, as described further in the following
paragraph.

11

With respect to paragraphs (i), (ii)
and (iii) of Section 19(a) above, the Award Agreement may provide that any
replacement awards will become immediately exercisable or any Period of
Restriction shall lapse in the event of a termination of employment by the
Participant for “good reason” if and as such term is defined in the Award
Agreement or any employment agreement, severance agreement or other agreement or
policy applicable to such Participant.

     (b)
Cash-Out and Termination of Underwater Options/SARs. The Committee may,
in its sole discretion, provide that (i) all outstanding Options and SARs shall
be terminated upon the occurrence of a Change in Control and that each
Participant shall receive, with respect to each Share subject to such Options or
SARs, an amount in cash and/or Shares equal to the excess of the Fair Market
Value of a Share immediately prior to the occurrence of the Change in Control
over the Option Exercise Price or the SAR grant price; and (ii) Options and SARs
outstanding as of the date of the Change in Control may be cancelled and
terminated without payment therefore if the Fair Market Value of a Share as of
the date of the Change in Control is less than the Option Exercise Price or the
SAR grant price.

    
(c) Subsidiary Disposition. The Committee shall have the
authority, exercisable either in advance of any actual or anticipated Subsidiary
Disposition or at the time of an actual Subsidiary Disposition and either at the
time of the grant of an Award or at any time while an Award remains outstanding,
to provide for the automatic full vesting and exercisability of one or more
outstanding unvested Awards under the Plan and the termination of restrictions
on transfer and repurchase or forfeiture rights on such Awards, in connection
with a Subsidiary Disposition, but only with respect to those Participants who
are at the time engaged primarily in Continuous Service with the Subsidiary
involved in such Subsidiary Disposition. The Committee also shall have the
authority to condition any such vesting and exercisability or release from the
limitations of an Award upon the continuation or subsequent termination of the
affected Participant’s Continuous Service with that Subsidiary within a
specified period following the effective date of the Subsidiary Disposition. The
Committee may provide that any Awards so vested or released from such
limitations in connection with a Subsidiary Disposition, shall remain fully
exercisable until the expiration or earlier termination of the Award.

20.
Amendment, Suspension or Termination of the Plan.

    
(a) Amendment, Modification and Termination. The Board or the
Committee may at any time and from time to time, alter, amend, suspend or
terminate the Plan in whole or in part; provided, however, that no amendment
that requires stockholder approval in order for the Plan to continue to comply
with the New York Stock Exchange listing standards or any rule promulgated by
the SEC or any securities exchange on which Shares are listed or any other
Applicable Laws shall be effective unless such amendment shall be approved by
the requisite vote of stockholders of the Company entitled to vote thereon
within the time period required under such applicable listing standard or rule.
Unless the Board or the Committee adopt resolutions providing for an earlier
date, the Plan shall automatically terminate on November 14, 2022. For purposes
of Section 422 of the Code and also relevant provisions of Applicable Laws, the
adoption of the Plan as approved by the stockholders on November 14, 2012 shall
be deemed to be the adoption of a new plan.

    
(b) Adjustment of Awards Upon the Occurrence of Certain Unusual or
Nonrecurring Events. The Committee may make adjustments in the terms and
conditions of, and the criteria included in, Awards in recognition of unusual or
nonrecurring events (including, without limitation, the events described in
Section 18 hereof) affecting the Company or the financial statements of the
Company or of changes in Applicable Laws, regulations, or accounting principles,
whenever the Committee determines that such adjustments are appropriate in order
to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan. With respect to any Awards
intended to comply with the Performance-Based Exception, unless otherwise
determined by the Committee, any such exception shall be specified at such times
and in such manner as will not cause such Awards to fail to qualify under the
Performance-Based Exception.

    
(c) Awards Previously Granted. No termination, amendment or
modification of the Plan or of any Award shall adversely affect in any material
way any Award previously granted under the Plan without the written consent of
the participant holding such Award, unless such termination, modification or
amendment is required by Applicable Laws and except as otherwise provided
herein. 

12

     (d) No
Repricing. The Company shall not, without the approval of the stockholders
of the Company, reduce the Exercise Price of an outstanding Option or the grant
price of an outstanding SAR. And, at any time when the Exercise Price of an
outstanding Option or the grant price of an outstanding SAR is above the Fair
Market Value of a share of Common Stock, no amendment shall provide that any
such outstanding Option or outstanding SAR be cancelled and re-granted or
exchanged for either cash or a new Award with a lower (or no) exercise price,
without the approval of the stockholders of the Company. 

    
(e) Compliance with the Performance-Based Exception. If it is
intended that an Award comply with the requirements of the Performance-Based
Exception, the Committee may apply any restrictions it deems appropriate such
that the Awards maintain eligibility for the Performance-Based Exception. If
changes are made to Code Section 162(m) or regulations promulgated thereunder,
the Committee may, subject to the other provisions of this Section 20, make any
adjustments to the Plan and/or Award Agreements it deems appropriate that does
not prevent the Plan or any outstanding Awards intended to comply with the
Performance-Based Exception from complying with Section 162(m) of the
Code.

21.
Reservation of Shares.

    
(a) The Company, during the term of the Plan, will at all times reserve
and keep available such number of Shares as shall be sufficient to satisfy the
requirements of the Plan.

    
(b) The inability of the Company to obtain authority from any regulatory
body having jurisdiction, which authority is deemed by the Company’s counsel to
be necessary to the lawful issuance and sale of any Shares hereunder, shall
relieve the Company of any liability in respect of the failure to issue or sell
such Shares as to which such requisite authority shall not have been
obtained.

22.
Rights of Participants. 

    
(a) Continued Service. The Plan shall not confer upon any
Participant any right with respect to continuation of employment or consulting
relationship with the Company, nor shall it interfere in any way with his or her
right or the Company’s right to terminate his or her employment or consulting
relationship at any time, with or without cause. 

    
(b) Participant. No Employee, Director or Consultant shall have
the right to be selected to receive an Award under the Plan, or, having been so
selected, to be selected to receive future Awards.

23. Successors. All obligations of the
Company under the Plan and with respect to Awards shall be binding on any
successor to the Company, whether the existence of such successor is the result
of a direct or indirect purchase, merger, consolidation, or other event, or a
sale or disposition of all or substantially all of the business and/or assets of
the Company and references to the “Company” herein and in any Award Agreements
shall be deemed to refer to such successors.

24.
Legal Construction.

    
(a) Gender, Number and References. Except where otherwise
indicated by the context, any masculine term used herein also shall include the
feminine, the plural shall include the singular and the singular shall include
the plural. Any reference in the Plan to a Section of the Plan either in the
Plan or any Award Agreement or to an act or code or to any section thereof or
rule or regulation thereunder shall be deemed to refer to such Section of the
Plan, act, code, section, rule or regulation, as may be amended from time to
time, or to any successor Section of the Plan, act, code, section, rule or
regulation.

    
(b) Severability. In the event any provision of the Plan shall be
held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of the Plan, and the Plan shall be construed and
enforced as if the illegal or invalid provision had not been
included.

    
(c) Requirements of Law. The granting of Awards and the issuance
of Shares or cash under the Plan shall be subject to all Applicable Laws and to
such approvals by any governmental agencies or national securities exchanges as
may be required. 

13

     (d)
Governing Law. To the extent not preempted by federal law, the Plan, and
all agreements hereunder, shall be construed in accordance with and governed by
the laws of the State of Delaware, excluding any conflicts or choice of law rule
or principle that might otherwise refer construction or interpretation of this
Plan to the substantive law of another jurisdiction.

    
(e) Non-Exclusive Plan. Neither the adoption of the Plan by the
Board nor its submission to the stockholders of the Company for approval shall
be construed as creating any limitations on the power of the Board or a
committee thereof to adopt such other incentive arrangements as it may deem
desirable. 

    
(f) Code Section 409A Compliance. To the extent applicable, it is
intended that this Plan and any Awards granted hereunder either be exempt from
the requirements of, or else comply with the requirements of, Section 409A of
the Code and any related regulations or other guidance promulgated with respect
to such Section by the U.S. Department of the Treasury or the Internal Revenue
Service (“Section 409A”). Any provision that would cause any Award granted
hereunder to incur additional taxes under Section 409A shall have no force or
effect until amended to comply with Section 409A, which amendment may be
retroactive to the extent permitted by Section 409A. 

14

GLOSSARY OF DEFINED
TERMS

1. Definitions. As used in the Plan, the
following definitions shall apply:

     “Applicable
Laws” means the legal requirements relating to the administration of stock
incentive plans, if any, under applicable provisions of federal securities laws,
state corporate and securities laws, the Code, and the rules of any applicable
stock exchange or national market system.

    
“Award” means, individually or collectively, Nonqualified Stock
Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, Performance Shares, Performance Units and Other
Stock-Based Awards granted under the Plan. 

    
“Award Agreement” means an agreement entered into by the Company
and a Participant setting forth the terms and provisions applicable to an Award.

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

    
“Cause” means (i) the willful and continued failure of the
Participant substantially to perform the Participant’s duties with the Company
(other than any such failure resulting from incapacity due to physical or mental
illness), after a written demand for substantial performance is delivered to the
Participant by the Chief Executive Officer of the Company, a member of the
Committee, or another authorized officer of the Company, which specifically
identifies the manner in which the sender believes that the Participant has not
substantially performed the Participant’s duties; or (ii) the willful engaging
by the Participant in illegal conduct or gross misconduct which is materially
and demonstrably injurious to the Company. 

No act or failure to act on the part of
the Participant shall be considered to be “willful” unless it is done, or
omitted to be done, by the Participant in bad faith or without reasonable belief
that the Participant’s action or omission was in the best interests of the
Company. Any act or failure to act based upon authority given pursuant to a
resolution duly adopted by the Board or upon the instructions of the Chief
Executive Officer of the Company or the Committee or another authorized officer
of the Company or based upon the advice of counsel for the Company shall be
conclusively presumed to be done or omitted to be done by the Participant in
good faith and in the best interests of the Company. The cessation of employment
of the Participant shall not be deemed to be for Cause unless and until the
Chief Executive Officer, Vice President of Human Resources and General Counsel
unanimously agree that, in their good faith opinion, the Participant is guilty
of the conduct described in subsections (i) or (ii) above, and so notify the
Participant specifying the particulars thereof in detail.

    
“Change in Control” means 

	       	(a)	       	The
      acquisition by any individual, entity or group (within the meaning of
      Section 13(d)(3) or 14(d)(2) of the Exchange Act ) (a “Person”) of
      beneficial ownership (within the meaning of Rule 13d-3 promulgated under
      the Exchange Act) of (i) 50% of either the total fair market value or the
      combined voting power of the then outstanding voting securities of the
      Company entitled to vote generally in the election of directors (the
      “Outstanding Company Voting Securities”), or (ii) during a 12 month period
      ending on the date of the most recent acquisition by such Person, 30% of
      the Outstanding Voting Securities; provided, however, that for purposes of
      this subsection (a), the following acquisitions shall not constitute a
      Change in Control: (i) any acquisition directly from the Company, (ii) any
      acquisition by the Company, including any acquisition which, by reducing
      the number of shares outstanding, is the sole cause for increasing the
      percentage of shares beneficially owned by any such Person to more than
      the applicable percentage set forth above, (iii) any acquisition by any
      employee benefit plan (or related trust) sponsored or maintained by the
      Company or any corporation controlled by the Company or (iv) any
      acquisition by any corporation pursuant to a transaction which complies
      with clauses (i), (ii) and (iii) of subsection (c) of this definition;
      or
			 		 
		(b)		Individuals
      who, as of the date hereof, constitute the Board (the “Incumbent Board”)
      cease for any reason within any period of 12 months to constitute at least
      a majority of the Board; provided, however, that any individual becoming a
      director subsequent to the date hereof whose election, or nomination for
      election by the Company’s stockholders, was approved by a vote of at least
      a majority of the directors then comprising the Incumbent Board, shall be
      considered as

15

	       		       	though such individual
      were a member of the Incumbent Board, but excluding, for this purpose, any
      such individual whose initial assumption of office occurs as a result of
      an actual or threatened election contest with respect to the election or
      removal of directors or other actual or threatened solicitation of proxies
      or consents by or on behalf of a Person other than the Board;
		 
		(c)		Consummation by the
      Company of a merger, consolidation or reorganization or other transaction
      involving the Company and another business or the acquisition of the
      securities or assets of another business (a “Business Combination”), in
      each case, unless, following such Business Combination, (i) more than 50%
      of, respectively, the then outstanding shares of common stock and the
      combined voting power of the then outstanding voting securities entitled
      to vote generally in the election of directors, as the case may be, of the
      controlling parent entity resulting from such Business Combination
      (including without limitation, a corporation which as a result of such
      transaction owns the Company or all or substantially all of the Company’s
      assets either directly or through one or more subsidiaries) is represented
      by Outstanding Company Common Stock and Outstanding Company Voting
      Securities, respectively, that were outstanding immediately prior to such
      Business Combination (or, if applicable, is represented by shares into
      which such Outstanding Company Common Stock and Outstanding Company Voting
      Securities were converted pursuant to such Business Combination) and such
      ownership of common stock and voting power among the holders thereof is in
      substantially the same proportions as their ownership, immediately prior
      to such Business Combination, of the Outstanding Company Common Stock and
      Outstanding Company Voting Securities, as the case may be, (ii) no Person
      (excluding any employee benefit plan (or related trust) of the Company or
      such controlling parent entity resulting from such Business Combination)
      beneficially owns, directly or indirectly, 20% or more of, respectively,
      the then outstanding voting securities of the controlling parent entity
      resulting from such Business Combination or except to the extent that such
      ownership existed prior to the Business Combination and (iii) at least a
      majority of the members of the board of directors (or similar governing
      body) of the controlling parent entity resulting from such Business
      Combination were members of the Incumbent Board at the time of the
      execution of the initial agreement, or of the action of the Board,
      providing for such Business Combination; or
		 
		(d)		Sale or other
      disposition of all or substantially all of the assets of the
      Company.

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

    
“Committee” means the Committee, as specified in Section 2(a),
appointed by the Board to administer the Plan.

    
“Company” means The Clorox Company and any successor thereto as
provided in Section 23 herein.

    
“Consultant” means any consultant or advisor to the Company or a
Subsidiary.

    
“Continuous Service” means that the provision of services to the
Company or any Subsidiary in any capacity of Employee, Director or Consultant is
not interrupted or terminated. Continuous Service shall not be considered
interrupted in the case of (i) any leave of absence approved by the Company or
(ii) transfers between locations of the Company or between the Company, any
Subsidiary, or any successor. A leave of absence approved by the Company shall
include sick leave, military leave, or any other personal leave approved by an
authorized representative of the Company. For purposes of Incentive Stock
Options, no such leave may exceed ninety (90) days, unless reemployment upon
expiration of such leave is guaranteed by statute or contract.

    
“Director” means any individual who is a member of the Board of
Directors of the Company or a Subsidiary who is not an Employee. 

    
“Dividend” means the dividends declared and paid on Shares subject
to an Award.

    
“Dividend Equivalent” means, with respect to Shares subject to an
Award, a right to be paid an amount equal to the Dividends declared and paid on
an equal number of outstanding Shares prior to the issuance of
Shares.

    
“Employee” means any employee of the Company or a
Subsidiary.

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

16

    
“Exercise Price” means the price at which a Share may be purchased by a
Participant pursuant to an Option.

    
“Fair Market Value” means, as of any date, the value of a Share
determined as follows:

	       	(a)	       	Where there exists a
      public market for the Share, the Fair Market Value shall be (A) the
      closing sales price for a Share on the date of the determination (or, if
      no sales were reported on that date, on the last trading date on which
      sales were reported) on the New York Stock Exchange, the NASDAQ Global
      Market or the principal securities exchange on which the Share is listed
      for trading, whichever is applicable, or (B) if the Share is not traded on
      any such exchange or national market system, the average of the closing
      bid and asked prices of a Share on the NASDAQ Capital Market, in each
      case, as reported in The Wall Street Journal or such other source as the
      Committee deems reliable; or
		 
		(b)		In the absence of an
      established market of the type described above, for the Share, the Fair
      Market Value thereof shall be determined by the Committee in good faith,
      and such determination shall be conclusive and binding on all
      persons.

     “Freestanding SAR” means a SAR that is granted independently of
any Options, as described in Section 7 herein.

     “Incentive Stock Option” or
“ISO” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code.

     “Nonqualified Stock Option”
means an Option that is not intended to meet the requirement of Section 422 of
the Code. 

     “Option” means an Incentive
Stock Option or a Nonqualified Stock Option granted under the Plan, as described
in Section 6 herein. 

     “Option Proceeds” means the
cash received by the Company as payment of the Exercise Price upon exercise of
an Option or a Prior Plan option plus the federal tax benefit that could be
realized by the Company as a result of the Option of Prior Plan option exercise,
which shall be determined by multiplying the amount that is deductible as a
result of the Option or Prior Plan option exercise (currently equal to the
amount upon which the Participant’s withholding tax obligation is calculated) by
the maximum federal corporate income tax rate for the year of exercise. To the
extent that a Participant pays the Exercise Price and/or withholding taxes with
Shares, Option Proceeds shall not be calculated with respect to the amount paid
in such manner.

     “Other Stock-Based Award”
means a Share-based or Share-related Award granted pursuant to Section 12
herein.

     “Participant” means a current
or former Employee, Director or Consultant who has rights relating to an
outstanding Award.

     “Performance-Based Exception”
means the performance-based exception from the tax deductibility limitations of
Code Section 162(m). 

     “Performance Measures” shall
have the meaning set forth in Section 14(a).

     “Performance Period” means
the period during which a performance measure must be met.

     “Performance Share”
means an Award granted to a Participant, as described in Section 10 herein.

     “Performance Unit” means an Award granted to a Participant, as described in
Section 11 herein.

     “Period of Restriction” means
the period Restricted Stock, Restricted Stock Units or Other Stock-Based Awards
are subject to a substantial risk of forfeiture and are not
transferable.

     “Plan” means The Clorox
Company 2005 Stock Incentive Plan. 

17

     “Prior
Plans” means The Clorox Company 1996 Stock Incentive Plan, The Clorox
Company 1987 Long Term Compensation Program, The Clorox Company Independent
Directors’ Stock-Based Compensation Plan, and the 1993 Directors’ Stock Option
Plan. 

    
“Restricted Stock” means an Award granted to a Participant, as
described in Section 8 herein.

     “Restricted Stock Units” means an Award granted
to a Participant, as described in Section 9 herein.

     “SEC” means the United
States Securities and Exchange Commission.

    
“Share” means a share of common stock of the Company, par value
$1.00 per share, subject to adjustment pursuant to Section 18 herein.

    
“Stock Appreciation Right” or “SAR” means an Award granted
to a Participant, either alone or in connection with a related Option, as
described in Section 7 herein.

    
“Subsidiary” means any corporation in which the Company owns,
directly or indirectly, at least fifty percent (50%) of the total combined
voting power of all classes of stock, or any other entity (including, but not
limited to, partnerships and joint ventures) in which the Company owns, directly
or indirectly, at least fifty percent (50%) of the equity securities thereof.
Notwithstanding the foregoing, for purposes of determining whether any
individual may be a Participant for purposes of any grant of Incentive Stock
Options, the term “Subsidiary” shall have the meaning ascribed to such term in
Code Section 424(f).

    
“Subsidiary Disposition” means (i) the disposition by the Company
of some or all of its equity holdings in any Subsidiary effected by a merger,
consolidation or a similar transaction involving that Subsidiary, (ii) the
Company’s sale or distribution of substantially all of the outstanding capital
stock of such Subsidiary, in either case such that the Subsidiary is not longer
a Subsidiary following such transaction, or (iii) the sale of all or
substantially all of the assets of that Subsidiary.

    
“Tandem SAR” means a SAR that is granted in connection with a
related Option, as described in Section 7 herein.

    
“Voting Securities” means voting securities of the Company
entitled to vote generally in the election of Directors.

18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]