Document:

EX-10.3

 Exhibit 10.3 

ZIMVIE INC. CHANGE IN CONTROL SEVERANCE AGREEMENT 

THIS AGREEMENT, dated as of March 1, 2022, is made by and between ZimVie Inc., a Delaware corporation (the “Company”), and
[•] (the “Executive”). The capitalized words and terms used throughout this Agreement are defined in Article XIII. 

Recitals 
 A. The
Company considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel. 

B. The Board recognizes that, as is the case with many publicly held corporations, the possibility of a Change in Control exists and that such
a possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its stockholders. 

C. The Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members
of the Company’s management, including the Executive, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change in Control. 

D. The parties intend that no amount or benefit will be payable under this Agreement unless a termination of the Executive’s employment
with the Company occurs following a Change in Control, or is deemed to have occurred following a Change in Control, as provided in this Agreement. 

Agreement 
 In
consideration of the premises and the mutual covenants and agreements set forth below, the Company and the Executive agree as follows: 

ARTICLE I 

Term of Agreement 

This Agreement will commence on the date stated above and will continue in effect through December 31, 2022. Beginning on January 1,
2023, and each subsequent January 1, the term of this Agreement will automatically be extended for one additional year, unless either party gives the other party written notice not to extend this Agreement at least 30 days before the extension
would otherwise become effective or unless a Change in Control occurs prior to such January 1. If a Change in Control occurs during the term of this Agreement (regardless whether before or after the delivery of any written notice of non-extension in accordance with the preceding sentence), this Agreement will continue in effect for a period of 24 months from the end of the month in which the Change in Control occurs and will thereafter
terminate. 
  

 ARTICLE II 

Compensation other than Severance Payments 

SECTION 2.01. Disability Benefits. Following a Change in Control and during the term of this Agreement, during any period that the
Executive fails to perform the Executive’s full-time duties with the Company as a result of Disability, the Executive will receive short-term and long-term disability benefits as provided under short-term and long-term disability plans having
terms no less favorable than the terms of the Company’s short-term and long-term disability plans as in effect immediately prior to the Change in Control, together with all other compensation and benefits payable to the Executive pursuant to
the terms of any compensation or benefit plan, program, or arrangement maintained by the Company during the period of Disability. 

SECTION 2.02. Compensation Previously Earned. If the Executive’s employment is terminated for any reason following a Change
in Control and during the term of this Agreement, the Company will pay the Executive’s salary accrued through the Date of Termination, at the rate in effect at the time the Notice of Termination is given, together with all other compensation
and benefits payable to the Executive through the Date of Termination under the terms of any compensation or benefit plan, program, or arrangement maintained by the Company during that period. 

SECTION 2.03. Normal Post-Termination Compensation and Benefits. Except as provided in Section 3.01, if the Executive’s
employment is terminated for any reason following a Change in Control and during the term of this Agreement, the Company will pay the Executive the normal post-termination compensation and benefits payable to the Executive under the terms of the
Company’s retirement, insurance, and other compensation or benefit plans, programs, and arrangements, as in effect immediately prior to the Change in Control. This provision does not restrict the Company’s right to amend, modify, or
terminate any plan, program, or arrangement prior to a Change in Control. 
 SECTION 2.04. No Duplication. Notwithstanding any other
provision of this Agreement to the contrary, the Executive will not be entitled to duplicate benefits or compensation under this Agreement and the terms of any other plan, program, or arrangement maintained by the Company or any affiliate. 

  
 2 

 ARTICLE III 

Severance Payments 

SECTION 3.01. Payment Triggers. 

(a) In lieu of any other severance compensation or benefits to which the Executive may otherwise be entitled under any agreement, plan,
program, policy, or arrangement of the Company (and which the Executive hereby expressly waives), the Company will pay the Executive the Severance Payments described in Section 3.02 upon termination of the Executive’s employment following
a Change in Control and during the term of this Agreement, in addition to the payments and benefits described in Article II, unless the termination is (1) by the Company for Cause, (2) by reason of the Executive’s death, or
(3) by the Executive without Good Reason. 
 (b) For purposes of this Section 3.01, the Executive’s employment will be deemed
to have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason if (1) the Executive’s employment is terminated without Cause prior to a Change in Control at the direction of a Person
who has entered into an agreement with the Company, the consummation of which will constitute a Change in Control; or (2) the Executive terminates his employment with Good Reason prior to a Change in Control (determined by treating a Potential
Change in Control as a Change in Control in applying the definition of Good Reason), if the circumstance or event that constitutes Good Reason occurs at the direction of such a Person. 

(c) The Severance Payments described in this Article III are subject to the conditions stated in Article VI. 

SECTION 3.02. Severance Payments. The following are the Severance Payments referenced in Section 3.01: 

(a) Lump Sum Severance Payment. In lieu of any further salary payments to the Executive for periods after the Date of Termination, and
in lieu of any severance benefits otherwise payable to the Executive, the Company will pay to the Executive, in accordance with Section 3.04, a lump sum severance payment, in cash, equal to two (2) times the sum of (1) the higher of
the Executive’s annual base salary in effect immediately prior to the event or circumstance upon which the Notice of Termination is based or in effect immediately prior to the Change in Control, and (2) if Severance Payments are triggered
under Section 3.01(a), the amount of the Executive’s target annual bonus entitlement under the Incentive Plan (or any other bonus plan of the Company then in effect) as in effect immediately prior to the event or circumstance giving rise
to the Notice of Termination, or, if Severance Payments are triggered under Section 3.01(b), the amount of the largest aggregate annual bonus paid 

  
 3 

 
to the Executive by the Company (or by the Company’s former parent, Zimmer Biomet Holdings, Inc.) with respect to the three years immediately prior to the year in which the Notice of
Termination was given. If the Board determines that it is not workable to determine the amount that the Executive’s target bonus would have been for the year in which the Notice of Termination was given, then, for purposes of this
paragraph (a), the Executive’s target annual bonus entitlement will be the amount of the largest aggregate annual bonus paid to the Executive by the Company (or by the Company’s former parent, Zimmer Biomet Holdings, Inc.) with
respect to the three years immediately prior to the year in which the Notice of Termination was given. 
 (b) Incentive Compensation.
Notwithstanding any provision of the Incentive Plan or any other compensation or incentive plans of the Company, the Company will pay to the Executive, in accordance with Section 3.04, a lump sum amount, in cash, equal to the sum of
(1) any incentive compensation that has been allocated or awarded to the Executive for a completed calendar year or other measuring period preceding the Date of Termination (to the extent not payable pursuant to Section 2.02) provided
that, if Severance Payments are triggered under Section 3.01(b), the performance conditions applicable to such incentive compensation are met, and (2) if Severance Payments are triggered under Section 3.01(a), a pro rata portion
(based on elapsed time) to the Date of Termination of the aggregate value of all contingent incentive compensation awards to the Executive for the current calendar year or other measuring period under the Incentive Plan, the Award Plan, or any other
compensation or incentive plans of the Company, calculated as to each such plan using the Executive’s annual target percentage under that plan for that year or other measuring period and as if all conditions for receiving that target award had
been met, or, if Severance Payments are triggered under Section 3.01(b), then with respect to each such plan, an amount equal to the average annual award paid to the Executive under such plan (or under a comparable plan of the Company’s
former parent, Zimmer Biomet Holdings, Inc.) during the three years immediately prior to the year in which the Notice of Termination was given multiplied by a fraction, the numerator of which is the number of whole months elapsed since the beginning
of the calendar year or other measuring period to the Date of Termination and the denominator of which is 12 (or the number of whole months in the measuring period). 

(c) Equity-Based Compensation. To the extent not otherwise provided under the written agreement evidencing the grant of any equity-based
award to the Executive, (1) all outstanding Options will become immediately vested and exercisable (to the extent not yet vested and exercisable as of the Date of Termination), (2) all time-based restrictions imposed under all outstanding
awards of restricted stock and restricted 

  
 4 

 
stock units (including performance-based restricted stock and restricted stock units) shall immediately lapse, and (3) with respect to an equity-based award that is subject to the
satisfaction of any targets for Performance Criteria (as defined under the Award Plan), the number of Shares or units deemed earned shall be the greater of (i) the target number of Shares or units specified in the Executive’s award
agreement or (ii) the number of Shares or units that would have been earned by applying the Performance Criteria specified in the award agreement to the Company’s actual performance from the beginning of the applicable award period to the
date of the Change in Control. Notwithstanding the foregoing, equity-based awards remain subject to any forfeiture or clawback claims under the Award Plan or applicable award agreement. 

(d) Welfare Benefits. Except as otherwise provided in this Section 3.02(d), for a 24-month
period after the Date of Termination, the Company will arrange to provide the Executive with life insurance coverage substantially similar to that which the Executive is receiving from the Company immediately prior to the Notice of Termination
(without giving effect to any reduction in that coverage subsequent to a Change in Control). Life insurance coverage otherwise receivable by the Executive pursuant to this Section 3.02(d) will be reduced to the extent comparable coverage is
actually received by or made available to the Executive without greater cost to Executive than as provided by the Company during the 24-month period following the Executive’s termination of employment
(and the Executive will report to the Company any such coverage actually received by or made available to the Executive). 
 If, as of the
Date of Termination, the Company reasonably determines that the continued life insurance coverage required by this Section 3.02(d) is not available from the Company’s group insurance carrier, cannot be procured from another carrier, and
cannot be provided on a self-insured basis without adverse tax consequences to the Executive or his death beneficiary, then, in lieu of continued life insurance coverage, the Company will pay the Executive, in accordance with Section 3.04, a
lump sum payment, in cash, equal to 24 times the full monthly premium payable to the Company’s group insurance carrier for comparable coverage for an executive employee under the Company’s group life insurance plan then in effect. 

The Company will offer the Executive and any eligible family members the opportunity to elect to continue medical and dental coverage pursuant
to COBRA. The Executive will be responsible for paying the required monthly premium for that coverage, but the Company will pay the Executive, in accordance with Section 3.04, a lump sum cash stipend equal to 24 times the monthly COBRA premium
then charged to qualified beneficiaries for the same level of health and dental coverage the Executive had in effect immediately prior to his 

  
 5 

 
termination, and the Executive may, but is not required to, choose to use the stipend for the payment of COBRA premiums for any COBRA coverage that the Executive or eligible family members may
elect. The Company will pay the stipend to the Executive whether or not the Executive or any eligible family member elects COBRA coverage, whether or not the Executive continues COBRA coverage for the maximum period permitted by law, and whether or
not the Executive receives medical or dental coverage from another employer while the Executive is receiving COBRA continuation coverage. Payment of the stipend will not in any way extend or modify the Executive’s continuation coverage rights
under COBRA or any similar continuation coverage law. 
 (e) Matching Contributions. In addition to the vested amounts, if any, to
which the Executive is entitled under the Savings Plan as of the Date of Termination, the Company will pay the Executive, in accordance with Section 3.04, a lump sum amount equal to the value of the unvested portion, if any, of the employer
matching contributions (and attributable earnings) credited to the Executive under the Savings Plan. 
 (f) Outplacement Services. For
a period not to exceed six (6) months following the Date of Termination, the Company will provide the Executive with reasonable outplacement services consistent with past practices of the Company prior to the Change in Control or, if no past
practice has been established prior to the Change in Control, consistent with the prevailing practice in the medical device manufacturing industry (with a value not to exceed $25,000). 

SECTION 3.03. Limitation on Severance Payments. 

(a) Notwithstanding anything to the contrary contained in this Agreement, in the event that any Severance Payments paid or payable to the
Executive or for his benefit pursuant to the terms of this Agreement or otherwise in connection with a Change in Control (“Total Payments”) would be subject to any Excise Tax, then the value of the Total Payments will be reduced to the
extent necessary so that, within the meaning of Code Section 280G(b)(2)(A)(ii), the aggregate present value of the payments in the nature of compensation to (or for the benefit of) the Executive that are contingent on a Change in Control (with
a Change in Control for this purpose being defined in terms of a “change” described in Code Section 280G(b)(2)(A)(i) or (ii)), do not exceed 2.999 multiplied by the Base Amount. For this purpose, cash Severance Payments will be
reduced first (if necessary, to zero), and all other, non-cash Severance Payments will be reduced next (if necessary, to zero). For purposes of the limitation described in the preceding sentence, the following
will not be taken into account: (1) any portion of the Total Payments the receipt or enjoyment of which the Executive effectively waived in writing prior to the Date of Termination, and (2) any portion of the Total Payments that, in the
opinion of the Accounting Firm, does not constitute a “parachute payment” within the meaning of Code Section 280G(b)(2). 

  
 6 

 (b) For purposes of this Section 3.03, the determination of whether any portion of the
Total Payments would be subject to an Excise Tax will be made by an Accounting Firm selected by the Company and reasonably acceptable to the Executive. For purposes of that determination, the value of any
non-cash benefit or any deferred payment or benefit included in the Total Payments will be determined by the Accounting Firm in accordance with the principles of Section 280G(d)(3) and (4). 

SECTION 3.04. Time of Payment. Except as otherwise expressly provided in Section 3.02, payments provided for in that Section
will be made as follows: 
 (a) Subject to Section 3.04(c), if Executive signs and does not rescind the General Release in accordance
with Section 6.03, the Company will pay to the Executive the amount due under Section 3.02 on the sixtieth (60th) business day following the Date of Termination. 

(b) At the time that payment is made under Section 3.04(a), the Company will provide the Executive with a written statement setting forth
the manner in which all of the payments to Executive under this Agreement were calculated and the basis for the calculations including, without limitation, any opinions or other advice the Company received from auditors or consultants (other than
legal counsel) with respect to the calculations (and any such opinions or advice that are in writing will be attached to the statement). 

(c) Notwithstanding any of the foregoing, any and all payments under this Agreement that constitute deferred compensation under the
Section 409A Standards shall be suspended until, and will be payable on, the date that is six (6) months after the Executive’s separation from service (or, if earlier, the date the Executive dies after separation from service). 

SECTION 3.05. Attorneys’ Fees and Expenses. To the extent permissible under the Section 409A Standards, if the Executive
finally prevails with respect to any bona fide, good faith dispute between the Executive and the Company regarding the interpretation, terms, validity or enforcement of this Agreement (including any dispute as to the amount of any payment due under
this Agreement), the Company will pay or reimburse the Executive for all reasonable attorneys’ fees and expenses incurred by the Executive in connection with that dispute pursuant to the terms of this paragraph. Payment or reimbursement of
those fees and expenses will be made within fifteen (15) business days after delivery of the Executive’s written request for payment, accompanied by such evidence of fees and expenses incurred as the Company reasonably may require, but the
Executive may not 

  
 7 

 
submit such a request until the dispute has been finally resolved by a legally binding settlement or by an order or judgment that is not subject to appeal or with respect to which all appeals
have been exhausted. Any payment pursuant to this paragraph will be made no later than the end of the calendar year following the calendar year in which the dispute is finally resolved by a legally binding settlement or nonappealable judgment or
order. 
 In addition, the Company will pay the reasonable legal fees and expenses incurred by the Executive in connection with any tax audit
or proceeding to the extent attributable to the application of Code Section 4999 to any payment or benefit provided under this Agreement and including, but not limited to, auditors’ fees incurred in connection with the audit or proceeding.
Payment pursuant to the preceding sentence shall be made within fifteen (15) business days after the delivery of the Executive’s written request for payment, accompanied by such evidence of fees and expenses incurred as the Company
reasonably may require, but in no case later than the end of the calendar year following the calendar year in which the audit is completed or there is a final and nonappealable settlement or other resolution of the matter. 

ARTICLE IV 

Termination of Employment 

SECTION 4.01. Notice of Termination. After a Change in Control or otherwise in connection with any termination described in
Section 3.01(b) and during the term of this Agreement, any purported termination of the Executive’s employment (other than by reason of death) will be communicated by a written notice of termination from one party to the other party in
accordance with Article VIII (a “Notice of Termination”). The Notice of Termination will indicate the specific termination provision in this Agreement relied upon and will set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive’s employment under the cited provision. 
 SECTION 4.02. Date of
Termination. Except as otherwise provided in Section 4.01, with respect to any purported termination of the Executive’s employment after a Change in Control and during the term of this Agreement, the term “Date of
Termination” will have the meaning set forth in this Section. If the Executive’s employment is terminated for Disability, Date of Termination means thirty (30) days after Notice of Termination is given, provided that the Executive
does not return to the full-time performance of the Executive’s duties during that 30-day period. If the Executive’s employment is terminated for any other reason, Date of Termination means the date
specified in the Notice of Termination, which, in the case of a termination by the Company, cannot be less than 30 days (except in the case of a termination for Cause) and, in the case of a termination by the Executive, cannot be less than 15 days
nor more than 60 days from the date on which the Notice of Termination is given. 

  
 8 

 ARTICLE V 

No Mitigation 
 The
Company agrees that, if the Executive’s employment by the Company is terminated during the term of this Agreement, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by
the Company pursuant to Article III. Further, the amount of any payment or benefit provided for in Article III (other than Section 3.02(d)) will not be reduced by any compensation earned by the Executive as the result of employment by
another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise. 

ARTICLE VI 

The Executive’s Covenants 

SECTION 6.01. Noncompetition Agreement. In consideration for this Agreement, the Executive will execute, concurrent with the execution
of this Agreement, a noncompetition agreement with the Company; provided, however, that if the Executive has an existing noncompetition agreement with the Company, the Company, rather than entering into a new noncompetition agreement with the
Executive, may instead, as a condition to entering into this agreement, require that the Executive acknowledge and affirm his continuing obligations under such existing noncompetition agreement and re-affirm
his agreement to honor the obligations as set forth in that document. 
 SECTION 6.02. Potential Change in Control. The Executive
agrees that, subject to the terms and conditions of this Agreement, in the event of a Potential Change in Control during the term of this Agreement, the Executive will remain employed by the Company until the earliest of (a) a date that is six
months following the date of the Potential Change of Control, (b) the date of a Change in Control, (c) the date on which the Executive terminates employment for Good Reason (determined by treating the Potential Change in Control as a
Change in Control in applying the definition of Good Reason) or by reason of death, or (d) the date the Company terminates the Executive’s employment for any reason. 

  
 9 

 SECTION 6.03. General Release. The Executive agrees that, notwithstanding any other
provision of this Agreement, the Executive will not be eligible for any Severance Payments under this Agreement unless the Executive timely signs, and does not timely revoke, a General Release in substantially the form attached to this Agreement as
Exhibit A. The Executive will be given 21 days to consider the terms of the General Release. The General Release will not become effective until seven days following the date the General Release is executed. If the Executive does not return the
executed General Release to the Company by the end of the 21-day period, that failure will be deemed a refusal to sign, and the Executive will not be entitled to receive any Severance Payments under this Agreement. In certain circumstances, the
21-day period to consider the General Release may be extended to a 45-day period. The Executive will be advised in writing if the 45-day period is applicable. In the absence of such notice, the 21-day period applies. If any payment under this
Agreement constitutes deferred compensation under the Section 409A Standards, and the 21-day or 45-day review period extends into a new calendar year, any payment
of such deferred compensation shall occur in the new calendar year. 
 ARTICLE VII 

Successors; Binding Agreement 

SECTION 7.01. Obligation of Successors. 

(a) In addition to any obligations imposed by law upon any successor to the Company, the Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company
would be required to perform it if no succession had occurred. 
 (b) Subject to Section 7.01(c), failure of the Company to obtain such
an assumption and agreement under Section 7.01(a) prior to the effectiveness of any such succession will be a breach of this Agreement and will entitle the Executive to compensation from the Company in the same amount as the Executive would be
entitled to under this Agreement if the Executive were to terminate employment for Good Reason after a Change in Control, except that, for purposes of implementing the foregoing, the date on which the succession becomes effective will be deemed the
Date of Termination. 
 (c) Payment of benefits under Section 7.01(b) shall be made on the deemed Date of Termination if, and only if,
the succession resulted from a transaction that satisfies the definition of change in control under Section 409A of the Code. If the transaction does not satisfy the definition of change in control under Section 409A, payment of benefits
due under Section 7.01(b) shall be made within 30 days of the Executive’s actual date of termination of employment, subject to the provisions of Section 3.04(c). No interest or earnings shall be paid due to any delay in payment under
this Section 7.01(c). 

  
 10 

 SECTION 7.02. Enforcement Rights of Others. This Agreement will inure to the
benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount is still payable to the Executive
under this Agreement, (other than amounts that, by their terms, terminate upon the Executive’s death), then, unless otherwise provided in this Agreement, all such amounts will be paid in accordance with the terms of this Agreement to the
executors, personal representatives, or administrators of the Executive’s estate. 
 ARTICLE VIII 

Notices 
 For the
purpose of this Agreement, notices and all other communications provided for in the Agreement will be in writing and will be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage
prepaid, addressed to the respective addresses set forth below, or to such other address as either party may furnish to the other in writing in accordance with this Article VIII, except that notice of change of address will be effective only
upon actual receipt: 
 To the Company: 

ZimVie Inc. 
 Attention: Chief
Legal & Compliance Officer 
 10225 Westmoor Drive 

Westminster, CO 80021 
 To
the Executive: 
 At Executive’s principal residence as reflected in the records of the Company 

ARTICLE IX 

Miscellaneous 

This Agreement will not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing
between the Executive and the Company, the Executive will not have any right to be retained in the employ of the Company. No provision of this Agreement may be modified, waived, or discharged unless the waiver, modification, or discharge is agreed
to in writing and signed by the Executive and an officer of the Company specifically designated by the Board. No waiver by either party at any time of any breach by the other party of, or compliance with, any condition or provision of this Agreement
to be performed by the other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any other time. Neither party has made any agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter of this Agreement that are not expressly set forth in this Agreement. Except as provided in the following two sentences, the validity, interpretation, construction, and performance of this Agreement will be

  
 11 

 
governed by the laws of the State of Colorado, to the extent not preempted by federal law.    This Agreement will at all times be effected, construed, interpreted, and applied
in a manner consistent with the Section 409A Standards, and in resolving any uncertainty as to the meaning or intention of any provision of this Agreement, the interpretation that will prevail is the interpretation that causes the Agreement to
comply with the Section 409A Standards. In addition, to the extent that any terms of this Agreement would subject the Executive to gross income inclusion, interest, or additional tax pursuant to Code Section 409A, those terms are to that
extent superseded by the applicable Section 409A Standards. All references to sections of the Exchange Act or the Code will be deemed also to refer to any successor provisions to those sections. Any payments provided for under this Agreement
will be paid net of any applicable withholding required under federal, state, or local law and any additional withholding to which the Executive has agreed. The obligations of the Company and the Executive under Articles III, IV, and VI will
survive the expiration of the term of this Agreement. In no event shall Company be liable for any taxes, penalties, interest or additional tax payments assessed against Executive because of any benefits, remuneration or reimbursements provided under
this Agreement. 
 ARTICLE X 

Validity 
 The
invalidity or unenforceability of any provision or this Agreement will not affect the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect. 

ARTICLE XI 

Counterparts 
 This
Agreement may be executed in several counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same instrument. 

ARTICLE XII 

Settlement of Disputes; Arbitration 

All claims by the Executive for benefits under this Agreement must be in writing and will be directed to and determined by the Board. Any
denial by the Board of a claim for benefits under this Agreement will be delivered to the Executive in writing and will set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Board will afford a
reasonable opportunity to the Executive for a review of the decision denying a claim and will further allow the Executive to appeal to the Board a decision of the Board within 60 days after notification by the Board that the Executive’s
claim has been denied. Any further dispute or 

  
 12 

 
controversy arising under or in connection with this Agreement will be settled exclusively by arbitration in Denver, Colorado in accordance with the rules of the American Arbitration Association
then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. Each party will bear its own expenses in the arbitration for attorneys’ fees, for its witnesses, and for other expenses of presenting its
case. Other arbitration costs, including arbitrators’ fees, administrative fees, and fees for records or transcripts, will be borne equally by the parties. Notwithstanding anything in this Article to the contrary, if the Executive prevails with
respect to any dispute submitted to arbitration under this Article, the Company will reimburse or pay all reasonable legal fees and expenses that the Executive incurred in connection with that dispute as required by Section 3.05. 

ARTICLE XIII 

Definitions 
 For
purposes of this Agreement, the following terms will have the meanings indicated below: 
 (a) “Accounting Firm” means an
accounting firm, other than the Company’s independent auditors, that is designated as one of the four largest accounting firms in the United States. 

(b) “Award Plan” means the Company’s 2022 Stock Incentive Plan and any successor stock incentive plan of the Company.

 (c) “Base Amount” has the meaning stated in Code Section 280G(b)(3). 

(d) “Beneficial Owner” has the meaning stated in Rule 13d-3 under the Exchange
Act. 
 (e) “Board” means the Board of Directors of the Company. 

(f) “Cause” for termination by the Company of the Executive’s employment, after any Change in Control, means (1) the
willful and continued failure by the Executive to substantially perform the Executive’s duties with the Company (other than any such failure resulting from the Executive’s incapacity due to physical or mental illness or any such actual or
anticipated failure after the issuance of a Notice of Termination for Good Reason by the Executive pursuant to Section 4.01) for a period of at least 30 consecutive days after a written demand for substantial performance is delivered to
the Executive by the Board, which demand specifically identifies the manner in which the Board believes that the Executive has not substantially performed the Executive’s duties; (2) the Executive willfully engages in conduct that is
demonstrably and materially injurious to the Company or its subsidiaries, monetarily or otherwise; or (3) the Executive is convicted of, or has entered a plea of no contest to, a felony. For purposes of clauses (1) and (2) of this
definition, no act, or failure to act, on the Executive’s part will be deemed “willful” unless it is done, or omitted to be done, by the Executive not in good faith and without reasonable belief that the Executive’s act, or
failure to act, was in the best interest of the Company. 

  
 13 

 (g) A “Change in Control” will be deemed to have occurred if any of the
following events occur: 
 (1) any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company (not including in the securities beneficially owned by that Person any securities acquired directly from the Company or its affiliates) representing 20% or more of the combined voting power of the Company’s then-outstanding securities;
or 
 (2) during any period of two consecutive years (not including any period prior to the execution of this Agreement),
individuals who at the beginning of the period constitute the Board and any new director (other than a director designated by a Person who has entered into an agreement with the Company to effect a transaction described in clause (1), (3) or
(4) of this paragraph whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office
who either were directors at the beginning of the period or whose election or nomination for election was previously approved), cease for any reason to constitute a majority of the Board; or 

(3) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than
(A) a merger or consolidation that would result in the voting securities of the Company outstanding immediately prior to the merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company, at least 75% of the combined voting power of the voting securities of the
Company or the surviving entity outstanding immediately after the merger or consolidation; or (B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person acquires more than
50% of the combined voting power of the Company’s then-outstanding securities; or 
 (4) the stockholders of the Company
approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company’s assets. 

  
 14 

 Notwithstanding the foregoing, a Change in Control will not include any event, circumstance, or transaction
occurring during the six-month period following a Potential Change in Control that results from the action of any entity or group that includes, is affiliated with, or is wholly or partly controlled by the
Executive; provided, further, that such an action will not be taken into account for this purpose if it occurs within a six-month period following a Potential Change in Control resulting from the
action of any entity or group that does not include the Executive. Additionally, notwithstanding the foregoing, in no event will the distribution of the Company’s common stock to stockholders of Zimmer Biomet Holdings, Inc. pursuant to the
Separation and Distribution Agreement by and between Zimmer Biomet Holdings, Inc. and the Company constitute a Change in Control or Potential Change in Control for purposes of this Agreement. 

(h) “COBRA” means the continuation coverage provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended. 
 (i) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and interpretative rules and
regulations. 
 (j) “Company” means ZimVie Inc., a Delaware corporation, and any successor to its business and/or assets
that assumes and agrees to perform this Agreement by operation of law, or otherwise (except in determining, under Section XIII(g), whether or not any Change in Control of the Company has occurred in connection with the succession). 

(k) “Date of Termination” has the meaning stated in Section 4.02. 

(l) “Disability” has the meaning stated in the Company’s short-term or long-term disability plan, as applicable, as in
effect immediately prior to a Change in Control. 
 (m) “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time, and interpretive rules and regulations. 
 (n) “Excise Tax” means any excise tax imposed under Code
Section 4999. 
 (o) “Executive” means the individual named in the first paragraph of this Agreement. 

(p) “General Release” has the meaning stated in Section 6.03. 

(q) “Good Reason” for termination by the Executive of the Executive’s employment means the occurrence (without the
Executive’s express written consent) of any one of the following acts by the Company, or failures by the Company to act, unless, in the case of any act or failure to act described in paragraph (1), (4), (5), (6), or (7) below, the act
or failure to act is corrected prior to the Date of Termination specified in the Executive’s Notice of Termination: 

  
 15 

 (1) the assignment to the Executive of any duties inconsistent with the
Executive’s status as an executive officer of the Company or a substantial adverse alteration in the nature or status of the Executive’s responsibilities from those in effect immediately prior to a Change in Control; 

(2) a reduction by the Company in the Executive’s annual base salary as in effect on the date of this Agreement or as the
same may be increased from time to time, or the level of the Executive’s entitlement under the Incentive Plan as in effect on the date of this Agreement or as the same may be increased from time to time; 

(3) the Company’s requiring the Executive to be based more than 50 miles from the Company’s offices at which the
Executive is based immediately prior to a Change in Control (except for required travel on the Company’s business to an extent substantially consistent with the Executive’s business travel obligations immediately prior to the Change in
Control), or, in the event the Executive consents to any such relocation of his offices, the Company’s failure to provide the Executive with all of the benefits of the Company’s relocation policy as in operation immediately prior to the
Change in Control; 
 (4) the Company’s failure, without the Executive’s consent, to pay to the Executive any
portion of the Executive’s current compensation (which means, for purposes of this paragraph (4), the Executive’s annual base salary as in effect on the date of this Agreement, or as it may be increased from time to time, and the
awards earned pursuant to the Incentive Plan) or to pay to the Executive any portion of an installment of deferred compensation under any deferred compensation program of the Company, within seven days of the date the compensation is due; 

(5) the Company’s failure to continue in effect any compensation plan in which the Executive participates immediately
prior to a Change in Control, which plan is material to the Executive’s total compensation, including, but not limited to, the Incentive Plan and the Award Plan 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 that plan, or the Company’s failure to continue the Executive’s participation in such a plan (or in a substitute or alternative plan) on a
basis not materially less favorable, both in terms of the amount of benefits provided and the level of the Executive’s participation relative to other participants, as existed at the time of the Change in Control; 

  
 16 

 (6) the Company’s failure to continue to provide the Executive with
benefits substantially similar to those enjoyed by the Executive under any of the Company’s pension (including, without limitation, the Company’s Savings Plan), life insurance, medical, health and accident, or disability plans in which the
Executive was participating at the time of the Change in Control; the taking of any action by the Company that would directly or indirectly materially reduce any of those benefits or deprive the Executive of any material fringe benefit enjoyed by
the Executive at the time of a Change in Control; or the Company’s failure to provide the Executive with the number of paid vacation days to which the Executive is entitled on the basis of years of service with the Company in accordance with
the Company’s normal vacation policy in effect at the time of the Change in Control; or 
 (7) any purported termination
of the Executive’s employment that is not effected pursuant to a Notice of Termination satisfying the requirements of Section 4.01; for purposes of this Agreement, no such purported termination will be effective. 

The Executive’s right to terminate the Executive’s employment for Good Reason will not be affected by the Executive’s incapacity
due to physical or mental illness. The Executive’s continued employment will not constitute consent to, or a waiver of rights with respect to, any act or failure to act that constitutes Good Reason. 

Notwithstanding the foregoing, the occurrence of an event that would otherwise constitute Good Reason will cease to be an event constituting
Good Reason if the Executive does not timely provide a Notice of Termination to the Company within 120 days of the date on which the Executive first becomes aware (or reasonably should have become aware) of the occurrence of that event. 

(r) “Incentive Plan” means the Company’s Executive Annual Incentive Plan. 

(s) “Notice of Termination” has the meaning stated in Section 4.01. 

(t) “Options” means options for Shares granted to the Executive under the Award Plan. 

(u) “Person” has the meaning stated in section 3(a)(9) of the Exchange Act, as modified and used in sections 13(d)
and 14(d) of the Exchange Act; however, a Person will not include (1) the Company or any of its subsidiaries, (2) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its subsidiaries,
(3) an underwriter temporarily holding securities pursuant to an offering of those securities, or (4) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership
of stock of the Company. 
 (v) ”Potential Change in Control” will be deemed to have occurred if any one of the
following events occurs: 

  
 17 

 (1) the Company enters into an agreement, the consummation of which would
result in the occurrence of a Change in Control; 
 (2) the Company or any Person publicly announces an intention to take or
to consider taking actions that, if consummated, would constitute a Change in Control; 
 (3) any Person who is or
becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 10% or more of the combined voting power of the Company’s then-outstanding securities, increases that Person’s beneficial ownership of those
securities by 5% or more over the percentage so owned by that Person on the date of this Agreement; or 
 (4) the Board
adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred. 
 (w) “Savings
Plan” means any qualified retirement plan of the Company, which, for purposes of this Agreement, will be deemed to include the ZimVie Inc. Deferred Compensation Plan. 

(x) “Section 409A Standards” means the requirements for nonqualified deferred compensation plans
established by Code Section 409A and the Treasury Regulations and other guidance issued thereunder. 
 (y) “Severance
Payments” means the payments described in Section 3.02. 
 (z) “Shares” means shares of the common stock,
$0.01 par value, of the Company. 
 (aa) “Total Payments” has the meaning stated in Section 3.03(a). 

 

							
	EXECUTIVE	 		 	ZIMVIE INC.
				
	  
	 	            	 	By:	 	  

	[•]	 		 		 	      David Harmon
		 		 		 	      SVP, Chief Human Resources Officer

  
 18 

 EXHIBIT A 

ZimVie Inc. 
 GENERAL RELEASE 

 

					
	Name: __________________________	 	    	 	Notification Date: ____________

 ZimVie Inc. (the “Company”) has offered me certain severance benefits (the “Severance Benefits”) pursuant
to a Change in Control Severance Agreement (“Agreement”) between the Company and me. I will only be able to receive the Severance Benefits in consideration for my signing this General Release. 

The Company has advised me of, and I acknowledge the following: 

I have (INSERT NUMBER – 21 OR 45, DEPENDING ON REASON FOR SEPARATION – IN ACCORDANCE WITH OWBPA REQUIREMENTS) calendar days (the “Review
Period”) from the date I receive this General Release to consider and sign it. If I do not return this signed General Release by the end of the Review Period (i.e., by INSERT DATE), the Company will consider this my refusal to sign, and I will
not receive the Severance Benefits. If I choose to sign this General Release prior to expiration of the Review Period, I thereby waive my right to review for the full time period allowed. If I sign this General Release and am age 40 or older as of
the date of my signing, it will not be effective for a period of seven calendar days thereafter, during which time I may change my mind and revoke my signature. To revoke my signature, I must notify the Company in writing at ZimVie Inc., 10225
Westmoor Drive, Westminster, CO 80021 Attention: Chief Human Resources Officer, within seven calendar days of the date I signed this General Release. 
 By
signing this General Release I am giving up, to the fullest extent permitted by law, my right to sue the Company and any of its affiliates, parent companies and subsidiaries, and its and their past and present officers, directors, employees, and
agents (collectively, the “Released Parties”) based upon any act or event occurring prior to my signing this General Release. Without limitation, and again to the fullest extent permitted by law, I specifically release the Company from any
and all claims arising out of my employment and termination, up to and including the date of my signing of this General Release, including claims based on discrimination under federal anti-discrimination laws such as Title VII of the Civil Rights
Act of 1964, the Age Discrimination in Employment Act of 1967, the Americans With Disabilities Act of 1990, claims for interference with my rights to benefits under section 510 or penalties under section 502(c) of the Employee Retirement Income
Security Act of 1974, and any and all applicable federal, state, and local laws. I acknowledge and agree that I have received all compensation to which I am entitled from the Released Parties other than the above-referenced Severance Benefits (which
remain subject to my entering into this General Release) and agree that I am not eligible to receive any additional form of compensation under any Released Party’s pay, bonus, commission, or incentive policy or program. I further agree that
although I am not precluded by this Agreement from filing an administrative charge with the Equal Employment Opportunity Commission or a comparable state or local civil rights commission, I specifically and expressly waive any rights to receive,
directly or indirectly, any monetary damages or other monies from the filing of such charge. 
 I agree, as a condition of receiving the Severance Benefits,
and subject to any rights and obligations I may have under applicable law (including, but not limited to, my right to file and participate in the investigation of an administrative charge of the type described above and any non-waivable rights I may have to make disclosures specifically allowed or required by applicable law), that I will not make negative comments about or otherwise disparage or try to injure the reputation of any of
the Released Parties. I agree to refrain from making negative statements about any Released Party and/or its methods of doing business, management practices, policies, and the quality of its services or products. I acknowledge and agree that this
restriction applies to all forms of communication including such things as oral statements, written statements, e-mail, text messages, comments on blogs or any other form of electronic or other type of
communication. 
 I understand that the Company agrees not to make any public statements that will materially disparage me. I further understand that the
Company will not be liable for any breach of the foregoing obligation if it informs its directors and executive officers, as such term is defined in Rule 3b-7 promulgated under the Securities Exchange Act of
1934, as amended, of the content of its agreement hereunder and takes reasonable measures to ensure that such individuals honor the Company’s agreement. Notwithstanding the foregoing, nothing in this paragraph shall prohibit any person from
making truthful statements when required by order of a court or other governmental or regulatory body having jurisdiction or to enforce any legal right including, without limitation, the terms of this General Release. 

  
 A-1 

 For the sake of clarification, and subject to any non-waivable
rights as described above, I acknowledge that this General Release shall not affect my legal obligation to protect the confidentiality of the Released Parties’ information or any of my other obligations under any confidentiality, intellectual
property, non-competition, and/or non-solicitation agreement that I have entered into with the Company or with any of the other Released Parties. 

As a condition of receiving the Severance Benefits I agree that for a period of 90 calendar days beginning with my separation date I shall make myself
reasonably available to respond to inquiries from the Released Parties related to carrying out an orderly transition of business following my termination of employment. I agree that I will provide the Company’s Chief Legal and Compliance
Officer or his or her delegate two contact telephone numbers at which I can be reached, either in person or by message, and will update that contact information within 24 hours if it changes. I further agree that I will return such calls from any of
the Released Parties no later than the end of the business day immediately following the date of the call, and will provide information responsive to the request to the best of my ability. I understand and acknowledge that my agreement to promptly
and fully respond to such inquiries is a material condition of my eligibility for the Severance Benefits, and further understand and agree that in the event I do not cooperate as described herein, I will be immediately obligated to repay to the
Company the entire gross amount of my Severance Benefits. 
 By signing this General Release, I affirm that I have provided complete and truthful
information in response to all inquiries (the “Inquiries”) made by any of the Released Parties and any investigating authorities in connection with any governmental investigation of any of the Released Parties or litigation involving any
of the Released Parties. By signing this General Release, I further affirm that I have disclosed to the Company’s Chief Legal and Compliance Officer or his or her delegate any and all concerns I may have had arising from or related to my
employment regarding potential material violations of applicable law and/or the Company’s Code of Business Conduct and Ethics. I agree, by signing the General Release, that if it is later determined that I knowingly provided materially
misleading or untruthful information in response to any such Inquiries or failed to disclose during my employment any potential material violations of applicable law or the Company’s Code of Business Conduct and Ethics of which I was aware, I
will be immediately obligated to repay to the Company the entire gross amount of my Severance Benefits. 
 I agree to cooperate with any of the Released
Parties in response to any governmental investigation. I acknowledge that in connection with my job responsibilities with any of the Released Parties I may have obtained or been privy to information that could be relevant to its or their defense of
Company-related lawsuits currently pending or which may be asserted against it or them. I agree to make myself reasonably available for providing such information and, to the extent necessary, testimony. I understand that the Company will reimburse
any reasonable out-of-pocket expenses I may incur in providing this cooperation. I further understand that the Company will compensate me for time spent on such
assistance at an hourly rate based on my base salary as of my termination date, with time spent rounded to the nearest quarter hour for billing purposes. Any such payment will be reported to me on a Form 1099, and I agree that I will be responsible
for any resulting tax liability. 
 By signing this General Release, I am NOT giving up my right to appeal a denial of a claim for benefits submitted under
my medical or dental coverage, life insurance or disability program maintained by the Company. Also, I am NOT giving up my right to file for unemployment insurance benefits at the appropriate time if I so choose, and my signing of this General
Release will NOT affect my rights, if any, to coverage by Workers’ Compensation insurance. In addition, this General Release will not affect any benefits to which I am entitled under the Agreement or any claim arising out of the enforcement of
the Agreement. I agree that this General Release shall be interpreted and enforced in accordance with the laws of the State of Colorado. 
 My signature
below acknowledges that I have read the above, understand what I am signing, and am acting of my own free will. The Company has advised me to consult with an attorney and any other advisors of my choice prior to signing this General Release.

  

					
	SIGNATURE
                                         
                           	 	    	 	DATE ____________________
			
	PRINT NAME ________________________________	 		 	

  
 A-2EX-10.4

 Exhibit 10.4 

ZimVie Inc. 
 Deferred
Compensation Plan 
 Effective as of January 1, 2022 

 

 TABLE OF CONTENTS 

Page 
  

							
		
	 ARTICLE I. DEFINITIONS AND CONSTRUCTION
	  	 	1	 
			
	 1.1
	 	Definitions	  	 	1	 
			
	 1.2
	 	Rules of Construction	  	 	4	 
		
	 ARTICLE II. PARTICIPATION
	  	 	4	 
			
	 2.1
	 	In General	  	 	4	 
			
	 2.2
	 	Participation	  	 	4	 
			
	 2.3.
	 	Transferred Employees	  	 	5	 
			
	 2.4.
	 	Amendment of Eligibility Criteria	  	 	5	 
		
	 ARTICLE III. DEFERRAL ELECTIONS AND COMPANY MATCHING CONTRIBUTION AMOUNTS
	  	 	5	 
			
	 3.1
	 	Elections to Defer Compensation and/or Performance Bonuses	  	 	5	 
			
	 3.2
	 	Elections as to Timing and Form of Payment of Benefits	  	 	6	 
			
	 3.3
	 	Deemed Investment Elections	  	 	6	 
			
	 3.4
	 	Company Matching Contribution Amounts	  	 	7	 
		
	 ARTICLE IV. PARTICIPANT ACCOUNTS AND UNFUNDED NATURE OF THE PLAN
	  	 	8	 
			
	 4.1
	 	Deferral Accounts	  	 	8	 
			
	 4.2
	 	Company Matching Contribution Accounts	  	 	8	 
			
	 4.3
	 	Adjustment for Earnings and Losses	  	 	8	 
			
	 4.4
	 	Accounts are Unfunded	  	 
	8
	 

		
	 ARTICLE V. VESTING
	  	 	8	 
			
	 5.1
	 	Participant Contributions	  	 	8	 
			
	 5.2
	 	Company Contributions	  	 	8	 
			
	 5.3.
	 	Termination for Cause	  	 	8	 
		
	 ARTICLE VI. DISTRIBUTIONS
	  	 	9	 
			
	 6.1.
	 	Distribution of Participant Accounts	  	 	9	 
			
	 6.2.
	 	Designation of Beneficiary	  	 	10	 
			
	 6.3.
	 	Hardship Distribution	  	 	10	 
			
	 6.4.
	 	Distribution Upon Adverse Finding by the Internal Revenue Service	  	 	10	 
			
	 6.5.
	 	Inability to Locate Participant	  	  
	 10
	  

		
	 ARTICLE VII. ADMINISTRATION
	  	 	11	 
			
	 7.1.
	 	Plan Administrator	  	 	11	 
			
	 7.2.
	 	Committee Action	  	 	11	 
			
	 7.3.
	 	Powers of the Committee as Administrator	  	 	11	 
			
	 7.4.
	 	Construction and Interpretation	  	 	11	 
			
	 7.5.
	 	Information	  	 	11	 
			
	 7.6.
	 	Compensation, Expenses and Indemnity	  	 	12	 
			
	 7.7.
	 	Account Statements	  	 	12	 

							
			
	 7.8.
	  	Claims and Appeals Procedures	  	 	12	 
		
	 ARTICLE VIII. MISCELLANEOUS
	  	 	12	 
			
	 8.1.
	  	Unsecured General Creditor	  	 	12	 
			
	 8.2.
	  	Restriction Against Assignment	  	 	13	 
			
	 8.3.
	  	Withholding	  	 	13	 
			
	 8.4.
	  	Amendment, Modification, Suspension or Termination	  	 	13	 
			
	 8.5.
	  	Rules and Procedures Relating to Payments	  	 	13	 
			
	 8.6.
	  	Limitation of Rights and Employment Relationship	  	 	14	 
			
	 8.7.
	  	Code Section 409A	  	 	14	 

  

 ZIMVIE INC. DEFERRED COMPENSATION PLAN 

PREAMBLE 
 1. ZimVie
Inc., a Delaware corporation, hereby establishes the ZimVie Inc. Deferred Compensation Plan, effective as of January 1, 2022. The purpose of the Plan is to provide a select group of the Company’s key management and highly compensated
employees an opportunity, in accordance with the terms and conditions of the Plan, to defer the receipt of Compensation and have a portion of their Deferrals matched by the Company. By offering this Plan, the Company intends to build management
loyalty and its business; provide a tax deferral alternative; permit deferral of amounts beyond the limits of its qualified plans; and further enhance its benefit plans. Notwithstanding any provision in the Plan to the contrary, this Plan is
intended to comply with the requirements of Code section 409A. 
 2. The Plan is an unfunded benefit plan within the meaning of ERISA
Sections 201, 301, and 401 and the Code. Benefits payable under the Plan with respect to a Participant or Beneficiary will be paid from the general assets of the Company. The right of a Participant or Beneficiary to receive payment under the Plan is
merely a contractual right to payment from the Company, and the Plan does not give Participants or Beneficiaries any interest in, or right to, any of the assets of the Company or any Affiliated Company other than as a general creditor of his or her
employer. 
 3. Participation in the Plan is voluntary. A Participant may elect to defer a portion of his or her Compensation under the Plan
and, at all times, will be 100% Vested in amounts credited to his or her Deferral Account. Amounts credited to a Participant’s Company Matching Contribution Account will become Vested as provided in the Plan. 

ARTICLE I. DEFINITIONS AND CONSTRUCTION 

1.1 Definitions. Whenever the following words and phrases are used in this Plan, with the first letter capitalized, they will have
the meanings specified below. 
  

	 	a.	 “Account” or “Accounts” means the bookkeeping accounts maintained for each Participant to
record his or her Deferrals and any Company Matching Contribution Amounts allocated to him or her, as adjusted pursuant to Section 4.3. 

  

	 	b.	 “Affiliated Company” means any company or corporation directly or indirectly controlled by ZimVie
Inc. 

  

	 	c.	 “Base Salary” means that portion of a Participant’s compensation for services to the Company
that is his or her annual base salary, excluding bonuses, Performance Bonuses, Commissions, incentive and all other remuneration for services rendered to the Company or any Affiliated Company. 

 

	 	d.	 “Beneficiary” or “Beneficiaries” means the person or persons, including a trustee, personal
representative or other fiduciary, last designated in writing by a Participant in accordance with procedures established by the Committee (or its designee), in accordance with Section 6.2, to receive any benefits that may be payable under the
Plan in the event of the Participant’s death. 

  

	 	e.	 “Board of Directors” or “Board” means the Board of Directors of ZimVie Inc.

  

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

 

	 	g.	 “Commissions” means any compensation, in addition to Base Salary and Performance Bonus, paid to a
Participant as an employee of the Company under any employment or compensation agreement or incentive arrangement in connection with the sales of the products of the 

  
 1 

	 	
Company or an Affiliated Company, provided: (1) a substantial portion of the Participant’s services to the Company consists of the direct sale of a product or a service to a customer
that is not related or treated as related to the Company or to the Participant (under Treasury regulation 1.409A-1(f)(2)(ii) and (iv)); (2) the amount the Company pays to the Participant consists either of a
portion of the purchase price of the product or service or of an amount substantially all of which is calculated by referenced to volume of sales; and (3) payment is either contingent upon the Company receiving payment from an unrelated
customer (as described in clause (1)) or, if consistently applied to all similarly situated service providers, is contingent upon the closing of a sales transaction and such other requirements as the Company may specify before the closing of the
sales transaction. 

  

	 	h.	 “Committee” means the committee designated by the Board to administer the Plan as provided in Article
VII. It is intended that the Committee will be the Retirement & Investment Committee of Zimmer Biomet Holdings, Inc. prior to the date that ZimVie Inc. ceases to be a subsidiary of Zimmer Biomet Holdings, Inc. 

 

	 	i.	 “Company” means ZimVie Inc. and its U.S. subsidiaries. 

 

	 	j.	 “Company Matching Contribution Account” means the Account maintained by the Company for each
Participant that is credited with Company Matching Contribution Amounts, if any, allocated to the Participant, and net earnings and losses on those amounts, as provided in Section 4.2. 

 

	 	k.	 “Company Matching Contribution Amount” means an amount, if any, credited by the Company to a
Participant’s Company Matching Contribution Account for a Plan Year pursuant to Section 4.2. 

  

	 	l.	 “Compensation” means, with respect to a Participant for a Plan Year, the sum of the
Participant’s Base Salary and Performance Bonus included in the Participant’s wages for income tax purposes for the Plan Year, increased by amounts of Base Salary and Performance Bonus that would have been included in the
Participant’s wages for the year but for the Participant’s election pursuant to Code section 125 or 401(k), or this Plan. Amounts distributed from a Participant’s Accounts in any Plan Year will not be considered Compensation again in
the year of distribution. 

  

	 	m.	 “Deferral Account” means the Account maintained by the Company for each Participant that is credited
with the Participant’s Deferrals, and net earnings and losses on those amounts, as provided in Section 4.1. 

  

	 	n.	 “Deferrals” means the portion of a Participant’s Compensation that he or she elects to defer
pursuant to Section 4.1. 

  

	 	o.	 “Disability” means a condition of a Participant who is, by reason 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 twelve (12) months, (1) unable to engage in any substantial gainful activity, or (2) receiving income
replacement benefits for a period of not less than three (3) months under an accident and health plan maintained by the Company for employees, within the meaning of Code section 409A(a)(2)(C) and Treasury regulation section 1.409A-3(i)(4). 

  

	 	p.	 “Distributable Amount” means the Vested balance in the Participant’s Accounts.

  

	 	q.	 “Distribution Event” means, with respect to a Participant, the earliest to occur of
(1) the Participant’s Separation from Service, (2) the Participant’s Scheduled Withdrawal Payment Date, (3) the Participant’s Disability, (4) approval of a Hardship Distribution, or (5) the Participant’s
death. 

  

	 	r.	 “Effective Date” means January 1, 2022. 

  
 2 

	 	s.	 “Eligible Employee” means any common law employee of the Company who is in salary grade Z07 or higher
(unless the Committee determines that such employee is not a key management or highly compensated employee of the Company); provided, however, that the Committee may terminate a Participant’s participation in the Plan in the event of a decrease
in salary or salary grade (but not until the end of a Plan Year), in which case the Participant will remain a Participant with respect to amounts already deferred until distributed. 

 

	 	t.	 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

  

	 	u.	 “Hardship Distribution” means a distribution due to an “Unforeseeable Emergency” pursuant
to Section 6.3. 

  

	 	v.	 “Initial Election Period” means the period selected by the Committee or its designee immediately
preceding the Plan Year beginning after the date on which an individual first becomes an Eligible Employee. 

  

	 	w.	 “Measurement Fund” means one of the mutual funds, insurance company separate accounts, indexed rates,
or other measurements of investment performance selected from time to time by the Committee, in its sole discretion, for the purpose of providing the basis on which investment gains and losses will be attributed to Participants’ Accounts, as
provided in Section 3.4. 

  

	 	x.	 “Participant” means an Eligible Employee who becomes a participant in this Plan in accordance with
Article II. 

  

	 	y.	 “Payment Date” means, with respect to a Distribution Event, a date within the 90-day period immediately following the date on which the Distribution Event occurs; provided, however, that if the Distribution Event is the Participant’s Scheduled Withdrawal Payment Date, the Payment Date
will be the 15th day of the month and year as elected by the participant or if the Distribution Event is the Participant’s Separation from Service, the Payment Date will be the 15th day of the month following a
six-month delay following Separation from Service, and further subject to Section 6.1. 

  

	 	z.	 “Performance Bonus” means, with respect to a Participant, any bonus paid under any bonus plan of the
Company which the Company designates as providing a deferrable Performance Bonus under this Plan, including without limitation the ZimVie Inc. Executive Annual Incentive Plan. Amounts distributed from a Participant’s Accounts in any Plan Year
are not considered a Performance Bonus again in the year of distribution. 

  

	 	aa.	 “Plan” means this ZimVie Inc. Deferred Compensation Plan, as amended from time to time.

  

	 	bb.	 “Plan Year” means the calendar year. 

 

	 	cc.	 “Prior Plan” means the Zimmer Biomet Deferred Compensation Plan, as amended from time to time.

  

	 	dd.	 “Retirement” means a Participant’s voluntary Separation from Service from the Company after
reaching age 65, or 55 with 10 Years of Service. 

  

	 	ee.	 “Savings Plan” means the ZimVie Inc. Savings and Investment 401(k) Program. 

 

	 	ff.	 “Scheduled Withdrawal Payment Date” means the date elected by the Participant pursuant to
Section 3.2(a) for payment of amounts from his Accounts that will be deferred in a given Plan Year, as adjusted for attributable earnings and losses, to be made or to commence as set forth on the Participant’s election form (electronically
or otherwise) for that Plan Year. A Participant’s Scheduled Withdrawal Payment Date can be no earlier than two years from the last day of the Plan Year for which the applicable Deferrals are credited to the Participant’s Account or the
last day of the Plan Year in which the Participant will be 100% Vested, if later. 

  
 3 

	 	gg.	 “Separation from Service” means, with respect to a Participant, the complete termination of the
employment relationship between the Participant and the Company and all Affiliated Companies for any reason other than death. Whether a Separation from Service has occurred will be determined in accordance with Code section 409A(2)(A)(i) and
Treasury regulation section 1.409A-1(h). 

  

	 	hh.	 “Transferee Participants” means those Participants in the Plan who were employees of Zimmer Biomet
and who subsequently became employed by the Company in connection with the consummation of certain transactions pursuant to that certain Separation and Distribution Agreement between Zimmer Biomet Holdings, Inc. and ZimVie Inc..

  

	 	ii.	 “Unforeseeable Emergency” has the meaning given to that term in Section 6.3.

  

	 	jj.	 “Vested” means, with respect to an Account, that portion of the Participant’s interest in the
Account that is nonforfeitable, as determined under Article V. 

  

	 	kk.	 “Year of Service” means each 12 calendar months of service with the Company from the
Participant’s employment commencement date with the Company. Each Transferee Participant will additionally be credited with all Years of Service that were credited to such Transferee Participant under the Prior Plan (as determined under the
Prior Plan) or would have been credited under the Prior Plan if the Transferee Participant had participated in such Prior Plan. 

  

	 	ll.	 “Zimmer Biomet” means Zimmer Biomet Holdings, Inc. and its affiliated companies.

 1.2 Rules of Construction. 
  

	 	a.	 The Plan is intended to comply with (i) Code section 409A and (ii) the applicable provisions of
ERISA, and it will be interpreted and administered accordingly. Except as provided in the preceding sentence or as otherwise expressly provided in this document, the Plan will be construed, enforced, and administered, and its validity determined, in
accordance with the internal laws of the State of Colorado, without regard to conflict of law principles, and the following provisions of this Section. 

  

	 	b.	 Words used in the masculine gender will be construed to include the feminine gender where appropriate, and vice
versa. 

  

	 	c.	 Words used in the singular will be construed to include the plural where appropriate, and vice versa.

  

	 	d.	 The headings and subheadings in the Plan are inserted for the convenience of reference only and are not to be
considered in the construction of any provision of the Plan. 

 ARTICLE II. PARTICIPATION 

2.1 In General. An Eligible Employee will become a Participant only after completing such forms (electronically or otherwise) and
making such elections as the Committee (or its designee) may prescribe, including an agreement to be bound by the terms of the Plan and all determinations of the Committee. 

2.2 Participation. An Eligible Employee will become a Participant by electing to defer Compensation in accordance with
Section 3.1 and such procedures as may be established from time to time by the Committee (or its designee). An Eligible Employee who is hired during a Plan Year (other than the Transferee Participants) may not participate in the Plan until the
commencement of the next Plan Year. Transferee Participants are eligible to participate in the Plan as of the Effective Date. An individual who, at any time, ceases to be an Eligible Employee will continue to defer Compensation until the end of the
Plan Year in which he or she ceases to be an Eligible Employee, and no future Deferrals will be allowed until such time as the individual again becomes an Eligible Employee. In such a case, the individual will remain a Participant with respect to
amounts already deferred but not yet withdrawn or distributed. A Participant will remain a Participant until all amounts to which he or she is entitled under the Plan have been paid. 

  
 4 

 2.3. Transferred Employees. An Eligible Employee who is transferred to an
international assignment will not be eligible to make any further Deferrals under the Plan following the last day of the calendar year in which the Eligible Employee is transferred; however, he or she will remain a Participant in the Plan with
respect to amounts already deferred but not yet withdrawn or distributed. Any Deferrals for the current Plan Year will continue through the end of the calendar year of the transfer. 

2.4. Amendment of Eligibility Criteria. The Committee (or its designee) may, in its discretion, change the criteria for
eligibility to comply with all applicable laws relating to salary grade and compensation levels; provided, however, that no change in the criteria for eligibility of any executive officer of the Company will be effected unless those changes are
(a) within parameters established by the Compensation of the Board, or (b) approved by the Compensation Committee of the Board. 
 ARTICLE
III. DEFERRAL ELECTIONS AND COMPANY MATCHING CONTRIBUTION AMOUNTS 
 3.1 Elections to Defer Compensation and/or Performance Bonuses.

  

	 	a.	 Initial Election Period. Subject to the provisions of Article II, each Participant may elect to defer
Compensation by filing with the Committee (or its designee) an election that conforms to the requirements of this Section 3.1, on a form (electronically or otherwise) provided by the Committee (or its designee), no later than the last day of
his or her Initial Election Period. 

  

	 	b.	 Deferral of Base Salary—General Rule. The amount of Base Salary that a Participant may elect to
defer is limited to Base Salary to be earned in a Plan Year after the time at which the Participant makes an election to defer in accordance with subsection (a). A Participant may defer up to 50% of his or her Base Salary, provided that the total
amount deferred by the Participant will be limited in any calendar year, if necessary, to satisfy Social Security tax (including Medicare), income tax, and employee benefit plan withholding requirements on the Deferral, each as applicable, as
determined in the sole and absolute discretion of the Committee (or its designee). The Committee (or its designee) may establish certain minimum contribution amounts from time to time with respect to particular Plan Years. 

 

	 	c.	 Duration of Election to Defer Base Salary. A Participant’s initial election to defer Base Salary
must be received by the Committee (or its designee) prior to the last day of the Participant’s Initial Election Period and will be effective with respect to Base Salary received in the Plan Year after the deferral election is processed and for
the duration of that Plan Year. Except as provided in subsection (e), a Participant’s deferral election will continue in effect for the entire Plan Year. A Participant must make a new deferral election for each Plan Year by filing a new
election on or before the end of the election period (as established by the Committee or its designee) prior to the beginning of the next Plan Year, which election will be effective on the first day of the next Plan Year. 

 

	 	d.	 Deferral of Performance Bonuses. A Participant may elect to defer up to 95% of his or her Performance
Bonus to be earned with respect to a Plan Year performance period. Any such election with respect to the performance period for the Performance Bonus must be received by the Committee or its designee not later than the December 31st immediately preceding that performance period (or such earlier date as may be designated by the Committee for such performance period and communicated to the Participants). Any such election will
become irrevocable as of January 1 of the performance period for the Performance Bonus. Any election made under this subsection (d) will be effective only for the performance period to which it relates. 

  
 5 

	 	e.	 Suspension of Deferral Election Due to Unforeseeable Emergency. A Participant’s Deferrals may be
suspended for the remainder of a Plan Year if the Participant applies for a Hardship Distribution and the Committee (or its designee) determines, pursuant to Section 6.3, that the Unforeseeable Emergency giving rise to the Participant’s
Hardship Distribution request can be relieved, in whole or in part, through the cessation of Deferrals under the Plan. 

  

	 	f.	 Separation from Service; Re-employment. A Participant’s
Deferrals will cease upon the Participant’s Separation from Service. Upon re-employment with the Company as an Eligible Employee following a Separation from Service, a Participant (or former Participant)
may make a new election in accordance with the provisions of subsection (a). 

 3.2 Elections as to Timing and Form of Payment of
Benefits. 
  

	 	a.	 Election of Scheduled Withdrawal Payment Date. At the time a Participant makes a deferral election
pursuant to Section 3.1, the Participant will also elect his Scheduled Withdrawal Payment Date, if any, for the payment of the Participant’s Vested Accounts attributable to those Deferrals. The Participant will communicate this timing
decision by submitting an applicable form (electronically or otherwise) to the Committee or its designee. Notwithstanding any other provision to the contrary under the Plan, if installments for a Participant’s Scheduled Withdrawal Payment Date
have not commenced prior to the Participant’s Separation from Service, the form of the distribution will follow the form elected as of the Participant’s Separation from Service, and if the installments for a Participant’s Scheduled
Withdrawal Payment Date have commenced prior to the Participant’s Separation from Service, the form of the distribution will follow the installment form elected with respect to that Scheduled Withdrawal Payment Date. 

 

	 	b.	 Election of Form of Payment. At the time a Participant makes a deferral election pursuant to
Section 3.1, the Participant will also elect the form of the distribution for those Deferrals, as described in subsection (c). The Participant will communicate this form of payment decision by submitting an applicable form (electronically or
otherwise) to the Committee (or its designee). 

  

	 	c.	 Forms of Payment. A Participant may elect either (i) a lump sum payment on the Participant’s
Payment Date, or (ii) substantially equal annual installment payments over a period of (A) two (2) to five (5) years as the form of distribution for a Scheduled Withdrawal Payment Date, or (B) five (5) to fifteen (15) years
as the form of distribution for a Separation from Service, provided that any minimum balance established by the Committee (or its designee) for installments is met. If all or any portion of an Account is payable in installments, the first
installment will be paid as of the Participant’s Payment Date, and the remaining installments will be paid on each applicable anniversary of the Payment Date. Each installment will consist of a percentage of the Account, which will be equal to
(i) one, divided by (ii) one plus the number of installments remaining after the installment for which the calculation is being made. If the Participant does not elect a form of payment pursuant to this subsection (c), he or she will be
deemed to have elected a lump sum. 

  

	 	d.	 No Subsequent Elections Regarding Timing and Form of Payment. Except as provided in Article VI of this
Plan, a Participant may not revoke or revise a prior election as to the timing and form of payment under the Plan. 

 3.3 Deemed
Investment Elections. 
  

	 	a.	 At the time of making the deferral elections described in this Article III, the Participant will designate, on
a form (electronically or otherwise) provided by the Committee (or its designee), the Measurement Fund(s) in which the Participant’s Accounts will be deemed to be invested for purposes of determining the amount of earnings and losses to be
credited to those Accounts. On a form (electronically or otherwise) provided by the Committee (or its designee), a Participant may change each of his or her deemed investment allocations at least monthly or more frequently as permitted by the
Committee or its designee. If a Participant fails to elect a Measurement Fund under this Section, he or she will be deemed to have elected the Measurement Fund selected by the Committee to be the default Measurement Fund pursuant to subsection (b).

  
 6 

	 	b.	 The Committee, in its sole and absolute discretion, will select the Measurement Funds to be available under the
Plan. The Committee may, in its sole and absolute discretion, discontinue, substitute, or add a Measurement Fund at any time for any reason. The Committee, in its sole and absolute discretion, will select one of the Measurement Funds as the default
Measurement Fund, to serve as the measure of investment earnings and losses on the Accounts of Participants who fail to elect a Measurement Fund pursuant to subsection (a), and the Committee may change its selection of the default Measurement Fund
from time to time in its sole and absolute discretion. 

  

	 	c.	 Although a Participant may designate the type of investments in which his or her Accounts will be deemed to be
invested for earnings calculation purposes, the Committee will not be bound by such a designation; that is, the amounts credited to a Participant’s Accounts might not actually be invested in the underlying designated Measurement Fund(s). The
designation of a Measurement Fund will not require the Company to invest or earmark its general assets in any particular manner. The Accounts will be hypothetically invested in the designated Measurement Fund(s), and net gains and losses associated
with the Measurement Fund(s) will be credited or debited to the Accounts, as applicable, as provided in Section 4.3. 

 3.4
Company Matching Contribution Amounts. 
  

	 	a.	 In General. If a Participant makes Deferrals of Compensation during a Plan Year, the Participant’s
Company Matching Contribution Account will be credited with Company Matching Contribution Amounts as provided in this Section 3.4 if the Participant meets the eligibility requirements described in subsection (b). A Participant’s Company
Matching Contribution Amounts for a Plan Year will be determined under subsection (c). 

  

	 	b.	 Eligibility for Company Matching Contribution Amounts. 

 

	 	i.	 To be credited with Company Matching Contribution Amounts for a Plan Year, a Participant must be employed by
the Company on the last day of the Plan Year. Matching Contributions Amounts will be credited to respective Participants’ Accounts by the last day of January following the Plan Year. 

 

	 	ii.	 Notwithstanding the foregoing, a Participant who is not employed by the Company on the last day of the Plan
Year will still be credited with Company Matching Contribution Amounts for the Plan Year if the Participant (A) had a Separation from Service during the Plan Year by reason of the Participant’s Retirement or Disability, or (B) died
during the Plan Year while he or she was employed by the Company or an Affiliated Company. In this case, the Company Matching Contribution Amounts will be credited to the Participant’s Account on the Participant’s Scheduled Payment Date.

  

	 	c.	 Company Matching Contribution Amounts. A Participant’s Company Matching Contribution Amount for the
Plan Year will be equal to the lesser of (i) the Deferrals credited to the Participant’s Deferral Account for the Plan Year, or (ii) six percent (6%) of the Participant’s Compensation under the Plan for the Plan Year, and less
any match under the Savings Plan for the same Plan Year. Notwithstanding any Plan provision to the contrary, with respect to any Participant, a Company Matching Contribution for a Plan Year plus any match under the Savings Plan for the same Plan
Year may never exceed 100% of the matching amount that would be provided under the Savings Plan for the Plan Year absent any plan-based restrictions that reflect limits on qualified plan contributions under the Internal Revenue Code within the
meaning of Treasury Regulation Section 1.409A-3(j)(5)(iv). 

  
 7 

 ARTICLE IV. PARTICIPANT ACCOUNTS AND UNFUNDED NATURE OF THE PLAN 

4.1 Deferral Accounts. The Committee (or its designee) will establish and maintain a Deferral Account for each Participant under the Plan.
As soon as administratively feasible after amounts are withheld and deferred from a Participant’s Base Salary and/or Performance Bonus, the Committee (or its designee) will credit the Participant’s Deferral Account with an amount equal to
the Base Salary and/or Performance Bonus deferred by the Participant in accordance with the Participant’s election(s) pursuant to Section 3.1. 

4.2 Company Matching Contribution Accounts. The Committee (or its designee) will establish and maintain a Company Matching Contribution
Account for each Participant who is credited with a Company Matching Contribution Amount under Section 3.4. As soon as practicable after the end of a Plan Year (by the last day of January following such Plan Year), the Company Matching
Contribution Amount, if any, credited to a Participant for that Plan Year will be credited to the Participant’s Company Matching Contribution Account. 

4.3 Adjustment for Earnings and Losses. Pursuant to rules and procedures acceptable to the Committee, for each day on which the
securities markets in the United States are open for trading, the Committee’s designated record keeper for the Plan will adjust each Participant’s Account(s) to reflect investment returns or losses of the Measurement Funds selected by the
Participant pursuant to Section 3.4. 
 4.4 Accounts are Unfunded. The Plan is unfunded. The maintenance of individual accounts is
for bookkeeping purposes only. The Company is not obligated to acquire, segregate, or set aside, in trust or otherwise, any assets of any kind for the discharge of its obligations under the Plan, nor will any Participant have any property rights in
any particular assets held by the Company, whether or not held for the purpose of funding the Company’s obligations under the Plan. 
 ARTICLE V.
VESTING 
 5.1 Participant Contributions. A Participant’s interest in his or her Deferral Account will be 100%
Vested at all times. 
 5.2 Company Contributions. A Participant’s interest in his or her Company Matching Contribution
Account will become Vested in accordance with the following vesting schedule: 
  

					
	 Years of Service
	  	Percentage Vested	 
	 Less than 1
	  	 	0	% 
	 1
	  	 	25	% 
	 2
	  	 	50	% 
	 3
	  	 	75	% 
	 4 or more
	  	 	100	% 

 If a Participant has a Separation from Service before his or her Company Matching Contribution Account is
fully Vested, the Participant will irrevocably forfeit the portion of his or her Company Matching Contribution Account that is not Vested, and in no event will a portion of a Participant’s Company Matching Contribution Account be distributed
before it is Vested. Any forfeitures of Company Matching Contribution Accounts will be retained by the Company. 
 5.3. Termination for
Cause. Notwithstanding anything to the contrary in the Plan, if a Participant is terminated for “Cause,” as defined below, or information is discovered after the Participant’s separation that would have allowed the
Company to terminate for Cause, then the Participant shall forfeit any and all amounts in his Company Matching Contribution Account. For purposes herein, “Cause” means (1) the willful and

  
 8 

 
continued failure by the Participant to substantially perform the Participant’s duties with the Company (other than any such failure resulting from the Participant’s ’s incapacity
due to physical or mental illness) for a period of at least 30 consecutive days after a written demand for substantial performance is delivered to the Participant by the Board, which demand specifically identifies the manner in which the Board
believes that the Participant has not substantially performed the Participant’s duties; (2) the Participant willfully engages in conduct that is demonstrably and materially injurious to the Company or its subsidiaries, monetarily or
otherwise; or (3) the Participant is convicted of, or has entered a plea of no contest to, a felony. 
 ARTICLE VI. DISTRIBUTIONS 

6.1. Distribution of Participant Accounts. 
  

	 	a.	 Distribution of Small Accounts Due to Separation from Service. In the case of a Participant who incurs a
Distribution Event due to Separation from Service and has a total Vested Account balance less than the applicable dollar amount under Code section 402(g)(l)(B), the Distributable Amount will be paid to the Participant in a lump sum distribution on
the Participant’s Payment Date associated with the Separation from Service; provided, however, that no such acceleration will be permitted under this Section to the extent that (i) the payment would not otherwise result in the complete
liquidation of the Participant’s entire interest under the Plan, including all agreements, methods, programs or other arrangements with respect to which deferrals of compensation are treated as having been deferred under a single nonqualified
deferred compensation plan under Treasury regulation section 1.409A-1(c)(2), and (ii) the sum of all such payments would exceed the applicable dollar amount under Code section 402(g)(l)(B).

  

	 	b.	 Distribution Due to Separation from Service or Scheduled Withdrawal Payment Date.

  

	 	i.	 Distribution Event – Separation from Service. In the case of a Participant who incurs a Distribution Event
due to Separation from Service and the distribution provision in Section 6.1(a) does not apply because the Participant has a Vested Account balance, including amounts deferred under all agreements, methods, programs or other arrangements with
respect to which deferrals of compensation are treated as having been deferred under a single nonqualified deferred compensation plan under Treasury regulation section 1.409A-1(c)(2), of more than the
applicable dollar amount under Code section 402(g)(1)(B), the Participant will receive, or will begin to receive if payable in installments, his or her Distributable Amount, in the form elected by the Participant as of his or her Payment Date
associated with the Separation from Service. 

  

	 	ii.	 Distribution Event – Scheduled Withdrawal Payment Date. In the case of a Participant who incurs a
Distribution Event due to a Scheduled Withdrawal Payment Date, the Participant will receive, or will begin to receive if payable in installments, his or her Distributable Amount, in the form elected by the Participant as of his or her Payment Date
associated with the Scheduled Withdrawal Payment Date. 

  

	 	c.	 Distribution Due to Death. In the case of a Participant who dies before his or her Accounts have been
distributed in full, the Participant’s Beneficiary will receive the total undistributed Vested balance in the Participant’s Accounts in a lump sum distribution within 90 days following the date of the Participant’s death.

  

	 	d.	 Distribution Due to Disability. In the case of a Participant who incurs a Distribution Event due to
Disability, the Participant will receive the total undistributed Vested balance in the Participant’s Accounts in a lump sum distribution within 90 days following the date on which the Committee (or its designee) determines that the Participant
has incurred a Disability. The determination of Disability will be made in accordance with the Company’s long-term disability plan in effect at the time of the Participant’s claim of Disability, provided the definition of disability
applied under that disability plan complies with this Plan’s definition of Disability. 

  
 9 

	 	e.	 Earnings. A Participant’s Accounts will continue to be adjusted for earnings and losses pursuant to
Section 4.3 until all amounts credited to his or her Accounts under the Plan have been distributed. 

 6.2. Designation
of Beneficiary. A Participant may, in a time and manner determined by the Committee, designate a Beneficiary (including one or more contingent Beneficiaries) to receive any benefits payable under the Plan in the event of the
Participant’s death. No Beneficiary designation with respect to the Plan will become effective until it is filed with the Committee (or its designee). Any Beneficiary designation will be revocable at any time through a written instrument filed
by the Participant with the Committee (or its designee) with or without the consent of the previous Beneficiary. If a Participant fails to designate a Beneficiary or contingent Beneficiary, or if there is no surviving designated Beneficiary, then
the Participant’s estate will be the Participant’s Beneficiary. If there is no surviving spouse to receive any benefits payable in accordance with the preceding sentence, then the Participant’s estate will be the Participant’s
Beneficiary. Payment by the Company pursuant to any unrevoked Beneficiary designation, or to the Participant’s estate if no such designation exists, of all benefits owed under the Plan will terminate any and all liability of the Company with
respect to the deceased Participant. 
 6.3. Hardship Distribution. In the event of an Unforeseeable Emergency, a Participant
will be permitted to elect a Hardship Distribution from his or her Vested Accounts prior to his or her Payment Date, subject to the following restrictions: 
  

	 	a.	 The election to take a Hardship Distribution must be made by filing a form (electronically or otherwise)
provided by and filed with the Committee (or its designee) in the time and manner determined by the Committee (or its designee). 

  

	 	b.	 A Hardship Distribution may not be made unless the Committee (or its designee), in its discretion, determines
that the distribution is necessary to alleviate an “Unforeseeable Emergency” within the meaning given to that term under Code section 409A and Treasury regulation section 409A-3(i)(3). In general,
“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of his or her dependent (as defined in Code section 152(a)), loss of a
Participant’s property due to casualty, or other similar or extraordinary and unforeseeable circumstances arising as a result of events beyond the Participant’s control. The circumstances that would constitute an Unforeseeable Emergency
will depend upon the facts of each case, but, in any case, a Hardship Distribution may not be made to the extent that the financial hardship resulting from the Unforeseeable Emergency is or may be relieved (1) through reimbursement or
compensation by insurance or otherwise, (2) by liquidation of the Participant’s assets, to the extent the liquidation of assets would not itself cause severe financial hardship, or (3) by cessation of Deferrals under this Plan.

  

	 	c.	 The amount determined by the Committee (or its designee) as a Hardship Distribution will be paid in a single
cash lump sum as soon as practicable after the end of the calendar month in which the Hardship Distribution is approved by the Committee (or its designee). The Hardship Distribution will be treated as taken pro rata from each of the Measurement
Funds in which the Participant’s Accounts are deemed invested under Section 3.4. 

  

	 	d.	 If a Participant receives a Hardship Distribution during a Plan Year, the Participant will be ineligible to
defer Compensation under the Plan for the balance of the Plan Year and the following Plan Year. 

 6.4. Distribution Upon
Adverse Finding by the Internal Revenue Service. If the Internal Revenue Service asserts that amounts deferred by a Participant pursuant to the Plan are included in the Participant’s income for federal income taxes before
distribution, the Committee (or its designee) will cause to be distributed to the Participant from his or her Vested Account an amount equal to all taxes, interest and penalties owed by the Participant as a result of that inclusion in taxable
income. 
 6.5. Inability to Locate Participant. In the event that the Committee (or its designee) is unable to locate a
Participant or Beneficiary within two (2) years following the required Payment Date, the amounts credited to the Participant’s Accounts will be forfeited. If the Participant or Beneficiary later claims a benefit after it has been forfeited
pursuant to the preceding sentence, the benefit will be reinstated without interest or earnings. 

  
 10 

 ARTICLE VII. ADMINISTRATION 

7.1. Plan Administrator. The Committee will be the administrator of the Plan and will have full discretionary power and authority
to administer the Plan in all its details. 
 7.2. Committee Action. The Committee may act at meetings by affirmative vote of a
majority of the members of the Committee. Any action permitted to be taken at a meeting may be taken without a meeting if, prior to the action, a written consent to the action is executed (manually or electronically) by all members of the Committee
and filed with the minutes of the proceedings of the Committee. A member of the Committee cannot vote or act upon any matter that relates solely to himself or herself as a Participant. Any member or members of the Committee may execute any
certificate or other written direction on behalf of the Committee. 
 7.3. Powers of the Committee as Administrator. 

The Committee’s powers as administrator of the Plan will include, but will not be limited to, the following: 

 

	 	a.	 To select the Measurement Funds in accordance with Section 3.4(b); 

 

	 	b.	 To construe and interpret the terms and provisions of the Plan and to decide any and all questions arising
under the Plan, including, without limitation, the power to remedy possible ambiguities, inconsistencies, or omissions by a general rule or particular decision; 

 

	 	c.	 To determine the amounts to be distributed to any Participant or Beneficiary in accordance with the terms of
the Plan and determine the person or persons to whom the amounts will be distributed; 

  

	 	d.	 To maintain all records that may be necessary for the administration of the Plan; 

 

	 	e.	 To provide for the disclosure of all information and the filing or provision of all reports and statements to
Participants, Beneficiaries or governmental agencies as required by law; 

  

	 	f.	 To make, publish, and enforce such rules for the regulation of the Plan and procedures for the administration
of the Plan that are not inconsistent with the written terms of the Plan, as the Committee deems necessary or advisable for the efficient administration of the Plan; 

 

	 	g.	 To allocate or delegate its powers to other persons; 

 

	 	h.	 To appoint persons to carry out administrative and recordkeeping functions with respect to the Plan; and

  

	 	i.	 To take all other actions necessary for the administration of the Plan. 

7.4. Construction and Interpretation. The Committee will have full discretionary authority to construe and interpret the terms and
provisions of the Plan, and the Committee’s interpretations or construction will be final and binding on all parties, including but not limited to the Company and any Participant or Beneficiary. The Committee will administer the Plan’s
terms and provisions in a uniform and nondiscriminatory manner and in full accordance with any and all applicable laws. 
 7.5.
Information. To enable the Committee to perform its functions, the Company will supply full and timely information to the Committee or its designee on all matters relating to the Compensation of all Participants, their death
or other events that cause termination of their participation in this Plan, and such other pertinent facts as the Committee may require. 

  
 11 

 7.6. Compensation, Expenses and Indemnity. 

 

	 	a.	 The members of the Committee will serve without compensation for their services under the Plan.

  

	 	b.	 The Committee is authorized at the expense of the Company to employ such legal counsel as it may deem advisable
to assist in the performance of its duties with respect to the Plan. Expenses and fees in connection with the administration of the Plan will be paid by the Company. 

 

	 	c.	 To the extent permitted by applicable law, the Company will indemnify and hold harmless the Committee and each
Committee member, the Board, and any delegate of the Committee who is an employee of the Company, against any and all expenses, liabilities and claims, including legal fees to defend against liabilities and claims arising out of their discharge in
good faith of responsibilities under or incident to the Plan, other than expenses and liabilities arising out of willful misconduct. This indemnity will not preclude further indemnities that may be available under insurance purchased by the Company
or provided by the Company under any bylaw, agreement or otherwise, as permitted under applicable law. 

 7.7. Account
Statements. At least once each year, each Participant will be furnished (electronically or otherwise) a statement setting forth the value of his or her Accounts. 

7.8. Claims and Appeals Procedures. Any person who believes that he or she is being denied a benefit to which he or she is
entitled under the Plan must file a written claim for the benefit with the Committee (or its designee). If the Committee (or its designee) denies the claim in whole or in part, it will issue to the claimant a written notice explaining the reason(s)
for the denial (with specific reference to the Plan provisions on which the denial is based), and describing any additional information or documentation that might enable the claimant to perfect his or her claim (with an explanation of why the
information or documentation is necessary). The written notice will also include appropriate information as to the steps to be taken if the claimant wishes to request a review of the claim denial (including the time limits for requesting a review).
Within sixty (60) days after receiving a written notice of denial, the claimant may submit a written request for a review of the initial denial to the Committee (or its designee), together with a written explanation of the basis for the
request. The claimant or his or her duly authorized representative may, but need not, review pertinent documents and submit issues and comments in writing for consideration by the Committee (or its designee). If the claimant does not request a
review within that sixty (60) day period, he or she will be barred from challenging the Committee’s (or its designee’s) determination. Within sixty (60) days after the Committee’s (or its designee’s) receipt of a
request for review, the Committee (or its designee) will consider the request and provide the claimant with a written decision, which will include a written explanation of the reasons for the decision (with reference to the specific Plan provisions
on which the decision is based). If special circumstances require an extension of the sixty (60) day time period for considering the claimant’s request for review, the Committee (or its designee) may extend that period by up to an
additional sixty (60) days by notifying the claimant in writing, before the end of the original sixty day decision period, of the extension, the reasons for it, and when a decision can be expected. All interpretations, determinations, and
decisions of the Committee (or its designee) with respect to any claim will be final and conclusive in the absence of clear and convincing evidence that the interpretation, determination, or decision was made arbitrarily or capriciously. A
Participant must use and exhaust the Plan’s administrative claim and appeal procedure described above before filing a lawsuit or taking other legal action of any kind against the Plan. Further, no lawsuit or legal action related to a benefit
decision may be filed in any court of law or any other forum unless it is commenced within two years of the Plan’s final decision on the claim. If the Committee determines an appeal is untimely, the Plan’s latest decision on the claim is
the final decision date. 
 ARTICLE VIII. MISCELLANEOUS 

8.1. Unsecured General Creditor. Participants and their Beneficiaries, heirs, successors, and assigns will have no legal or
equitable rights, claims, or interest in any specific property or assets of the Company. No assets of the Company will be held in any way as collateral security for fulfilling the Company’s obligations under the Plan. Any and all of the
Company’s assets will be, and remain, the general unpledged, unrestricted 

  
 12 

 
assets of the Company. The Company’s obligations under the Plan are merely an unfunded and unsecured promise of the Company to pay money in the future, and the rights of the Participants and
Beneficiaries will be no greater than those of unsecured general creditors. It is the Company’s intention the Plan be unfunded for purposes of the Code and for purposes of Title I of ERISA, and the Plan will be interpreted to effectuate this
result. 
 8.2. Restriction Against Assignment. The Company will pay all amounts payable under the Plan only to the person or
persons designated by the Plan and not to any other person or corporation. No part of a Participant’s Accounts will be liable for the debts, contracts, or engagements of any Participant, his or her Beneficiary, or successors in interest, nor
will a Participant’s Accounts be subject to execution by levy, attachment, or garnishment or by any other legal or equitable proceeding, nor will any Participant or Beneficiary have any right to alienate, anticipate, sell, transfer, commute,
pledge, encumber, or assign any benefits or payments under the Plan in any manner whatsoever (including, without limitation, under a domestic relations order). Any attempt to anticipate, alienate, sell, transfer, commute, assign, pledge, encumber or
charge any distribution or payment from the Plan, voluntarily or involuntarily, will be null and void in all respects. 
 8.3.
Withholding. Notwithstanding any other provision of the Plan to the contrary, all payments under the Plan will be subject to reduction for all applicable tax withholdings and other legally or contractually required
withholdings. To the extent that amounts credited under the Plan are includable in “wages” for purposes of Chapter 21 of the Code, or are otherwise includable in taxable income, prior to distribution the Company may deduct the required
withholding with respect to the wages or income from compensation currently payable to the Participant, or the Committee or its designee may reduce the Participant’s Accounts under the Plan or require the Participant to make other arrangements
satisfactory to the Company for the satisfaction of the Company’s withholding obligations. 
 8.4. Amendment, Modification, Suspension or
Termination. The Board (or its designee), in its sole discretion, may amend or terminate the Plan at any time, in whole or in part, except that no amendment or termination will operate (a) to reduce or deprive a Participant or
Beneficiary of any benefit accrued prior to the time of the amendment or termination, (b) to result in an acceleration of the distribution of benefits under the Plan (due to a termination of the Plan or any other reason), unless the
acceleration complies with Code section 409A and its interpretive regulations, or (c) to cause any other violation of Code section 409A or the guidance thereunder. Notwithstanding anything in the Plan to the contrary or any election of a
Participant to the contrary, in the event that the Company, by action of the Board or its designee, terminates the Plan and all other agreements, methods, programs, and other arrangements sponsored by the Company with respect to which deferrals of
compensation are treated as having been deferred under a single plan with this Plan under Treasury regulation section 1.409A-1(c)(2), the Company will have the discretion to accelerate the time of payment
under the Plan, provided that no payments occur within twelve (12) months of the termination of those plans or agreements (other than payments that would be payable under the plans or agreements absent termination), all payments are made within
twenty-four (24) months of termination of the plans or agreements, and for three (3) years following the date of termination of the Plan the Company does not adopt a new plan or agreement that would be aggregated with the Plan if the same
participants participated in the new plan or agreement. 
 8.5. Rules and Procedures Relating to Payments. Any payment to a
Participant or Beneficiary in accordance with the provisions of the Plan will, to the extent of that payment, be in full satisfaction of all claims against the Committee and the Company. The Committee (or its designee) may require a Participant or
Beneficiary, as a condition precedent to payment, to execute a receipt and release to that effect; provided, however, that in the event any review and rescission period extends into a new calendar year, any distribution will not be made until the
last business day of February of such new year or, if earlier, 90 days from the event giving rise to the distribution; provided, however, that this provision shall not modify the 6-month delay for payments
upon Separation from Service required for Code section 409A compliance. Also, prior to paying any benefit under the Plan, the Committee (or its designee) may require a Participant or Beneficiary to provide such information or documentation as the
Committee (or its designee), in its sole discretion, deems necessary for it to make any determination required under the Plan. To the extent permitted under Code section 409A, the Committee or its designee may delay payment until satisfied as to the
correctness of the payment or the 

  
 13 

 
person to receive the payment or to allow the filing in any court of competent jurisdiction for a legal determination of the benefits to be paid and the person to receive them. The Committee
specifically reserves the right to correct errors of every sort, and each Participant agrees, on his or her own behalf and on behalf of any Beneficiary, to any method of error correction specified by the Committee or its designee. The Committee is
authorized to recover any payment made in error. 
 In the event that any amount becomes payable under the Plan to a minor or other person
who, in the sole judgment of the Committee (or its designee), is considered by reason of physical or mental condition to be unable to give a valid receipt for the payment, the Committee (or its designee) may direct that the payment be made to the
person’s spouse, parent, or other party found by the Committee (or its designee), in its sole judgment, to have assumed the care of the payee, unless a duly qualified guardian or other legal representative has been appointed, in which case
payment will be made to that guardian or legal representative. Any payment made pursuant to the preceding sentence will constitute a full release and discharge of the Committee (or its designee) and the Company. 

8.6. Limitation of Rights and Employment Relationship. Neither the establishment of the Plan, nor any amendment of it, nor the
creating of any fund or account, nor the payment of any benefits will be construed as giving to any Participant, Beneficiary, or other person any legal or equitable right against the Company except as provided in the Plan; and in no event will the
terms of employment of any employee or Participant be modified or in any way be affected by the provisions of the Plan. 
 8.7. Code
Section 409A. The Company intends that all benefits and payments to be made to a Participant or Beneficiary under the Plan will be provided or paid in compliance with all applicable provisions of Code
section 409A and its interpretive regulations, and the rulings, notices and other guidance issued by the Internal Revenue Service interpreting Code section 409A, and the Plan will be construed and administered in accordance with this intent. The
Plan may be modified to the extent necessary to comply with all applicable requirements of, and to avoid the imposition of any additional tax, interest and penalties under, Code section 409A in connection with, or the benefits and payments to be
provided or paid to a Participant or Beneficiary under, the Plan. Any such modification will maintain the original intent and benefit to the Company and the Participant of the applicable Plan provision, to the maximum extent possible without
violating Code section 409A. All payments to be made upon a termination of employment under the Plan may only be made upon a “separation from service” under Code section 409A. Any payments that qualify for the “short-term
deferral” exception or another exception under Code section 409A will be paid under the applicable exception. Further, for purposes of the limitations on nonqualified deferred compensation under Code section 409A, each payment of compensation
under the Plan will be treated as a separate payment. In no event may a Participant, directly or indirectly, designate the calendar year of a payment. Although the Committee intends to administer the Plan in accordance with Code section 409A, the
Company and the Committee make no guarantee of the tax consequences of participating in the Plan and will not be liable for income tax, interest, or additional taxes or penalties assessed against a Participant or Beneficiary for any reason. 

[End of Plan document.] 

  
 14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}]]