Document:

Amended and Restated 2003 Stock Incentive Plan

 Exhibit 10.3 
 SYNNEX CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 (Adopted by the Board on September 2, 2003, 
 and amended and restated by the Board on January 10, 2006 and June 20, 2006. 
 Reflects 2:1 Reverse Stock Split on
November 12, 2003) 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 Section 1.
	 	 ESTABLISHMENT AND PURPOSE
	  	4
			
	 Section 2.
	 	 DEFINITIONS
	  	4
		 	 (a) “Affiliate”
	  	4
		 	 (b) “Award”
	  	4
		 	 (c) “Board of Directors”
	  	4
		 	 (d) “Change in Control”
	  	4
		 	 (e) “Code”
	  	5
		 	 (f) “Committee”
	  	5
		 	 (g) “Company”
	  	5
		 	 (h) “Consultant”
	  	5
		 	 (i) “Disability”
	  	6
		 	 (j) “Employee”
	  	6
		 	 (k) “Exchange Act”
	  	6
		 	 (l) “Exercise Price”
	  	6
		 	 (m) “Fair Market Value”
	  	6
		 	 (n) “ISO”
	  	6
		 	 (o) “Misconduct”
	  	6
		 	 (p) “Nonstatutory Option” or “NSO”
	  	7
		 	 (q) “Offeree”
	  	7
		 	 (r) “Option”
	  	7
		 	 (s) “Optionee”
	  	7
		 	 (t) “Outside Director”
	  	7
		 	 (u) “Parent”
	  	7
		 	 (v) “Participant”
	  	7
		 	 (w) “Plan”
	  	7
		 	 (x) “Purchase Price”
	  	7
		 	 (y) “Restricted Share”
	  	7
		 	 (z) “Restricted Share Agreement “
	  	7
		 	 (aa) “SAR”
	  	7
		 	 (bb) “SAR Agreement”
	  	7
		 	 (cc) “Service”
	  	7
		 	 (dd) “Share”
	  	7
		 	 (ee) “Stock”
	  	7
		 	 (ff) “Stock Option Agreement”
	  	8
		 	 (gg) “Stock Unit”
	  	8
		 	 (hh) “Stock Unit Agreement”
	  	8
		 	 (ii) “Subsidiary”
	  	8
			
	 Section 3.
	 	 ADMINISTRATION
	  	8
		 	 (a) Committee Composition
	  	8
		 	 (b) Committee for Non-Officer Grants
	  	8
		 	 (c) Committee Procedures
	  	8
		 	 (d) Committee Responsibilities
	  	9

  

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	 Section 4.
	 	 ELIGIBILITY
	  	10
		 	 (a) General Rule
	  	10
		 	 (b) Automatic Grants to Outside Directors.
	  	10
		 	 (c) Ten-Percent Stockholders
	  	11
		 	 (d) Attribution Rules
	  	11
		 	 (e) Outstanding Stock
	  	11
			
	 Section 5.
	 	 STOCK SUBJECT TO PLAN
	  	12
		 	 (a) Basic Limitation
	  	12
		 	 (b) Additional Shares
	  	12
			
	 Section 6.
	 	 RESTRICTED SHARES
	  	12
		 	 (a) Restricted Stock Agreement
	  	12
		 	 (b) Payment for Awards
	  	12
		 	 (c) Vesting
	  	12
		 	 (d) Voting and Dividend Rights
	  	13
		 	 (e) Restrictions on Transfer of Shares
	  	13
			
	 Section 7.
	 	 TERMS AND CONDITIONS OF OPTIONS
	  	13
		 	 (a) Stock Option Agreement
	  	13
		 	 (b) Number of Shares
	  	13
		 	 (c) Exercise Price
	  	13
		 	 (d) Withholding Taxes
	  	13
		 	 (e) Exercisability and Term
	  	14
		 	 (f) Exercise of Options Upon Termination of Service
	  	14
		 	 (g) Effect of Change in Control
	  	14
		 	 (h) Leaves of Absence
	  	14
		 	 (i) No Rights as a Stockholder
	  	14
		 	 (j) Modification, Extension and Renewal of Options
	  	15
		 	 (k) Restrictions on Transfer of Shares
	  	15
		 	 (l) Buyout Provisions
	  	15
			
	 Section 8.
	 	 PAYMENT FOR SHARES
	  	15
		 	 (a) General Rule
	  	15
		 	 (b) Surrender of Stock
	  	15
		 	 (c) Services Rendered
	  	15
		 	 (d) Cashless Exercise
	  	15
		 	 (e) Exercise/Pledge
	  	15
		 	 (f) Promissory Note
	  	16
		 	 (g) Other Forms of Payment
	  	16
		 	 (h) Limitations under Applicable Law
	  	16
			
	 Section 9.
	 	 STOCK APPRECIATION RIGHTS
	  	16
		 	 (a) SAR Agreement
	  	16
		 	 (b) Number of Shares
	  	16

  

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		 	 (c) Exercise Price
	  	16
		 	 (d) Exercisability and Term
	  	16
		 	 (e) Effect of Change in Control
	  	17
		 	 (f) Exercise of SARs
	  	17
		 	 (g) Modification or Assumption of SARs
	  	17
			
	 Section 10.
	 	 STOCK UNITS
	  	17
		 	 (a) Stock Unit Agreement
	  	17
		 	 (b) Payment for Awards
	  	17
		 	 (c) Vesting Conditions
	  	17
		 	 (d) Voting and Dividend Rights
	  	17
		 	 (e) Form and Time of Settlement of Stock Units
	  	18
		 	 (f) Death of Recipient
	  	18
		 	 (g) Creditors’ Rights
	  	18
			
	 Section 11.
	 	 ADJUSTMENT OF SHARES
	  	18
		 	 (a) Adjustments
	  	18
		 	 (b) Dissolution or Liquidation
	  	19
		 	 (c) Reorganizations
	  	19
		 	 (d) Reservation of Rights
	  	19
			
	 Section 12.
	 	 LEGAL AND REGULATORY REQUIREMENTS
	  	19
			
	 Section 13.
	 	 WITHHOLDING TAXES
	  	20
		 	 (a) General
	  	20
		 	 (b) Share Withholding
	  	20
			
	 Section 14.
	 	 LIMITATION ON PARACHUTE PAYMENTS
	  	20
		 	 (a) Scope of Limitation.
	  	20
		 	 (b) Basic Rule
	  	20
		 	 (c) Reduction of Payments
	  	20
		 	 (d) Related Corporations
	  	21
			
	 Section 15.
	 	 NO EMPLOYMENT RIGHTS
	  	21
			
	 Section 16.
	 	 DURATION AND AMENDMENTS
	  	21
		 	 (a) Term of the Plan
	  	21
		 	 (b) Right to Amend or Terminate the Plan
	  	21
		 	 (c) Effect of Amendment or Termination
	  	21
			
	 Section 17.
	 	 EXECUTION
	  	21

  

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 SYNNEX CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 SECTION 1. ESTABLISHMENT AND PURPOSE. 
 The Plan was adopted by the Board of Directors on September 2, 2003, effective as of the date of the initial offering of Stock to the public pursuant
to a registration statement filed by the Company with the Securities and Exchange Commission, and was amended and restated by the Board of Directors on January 10, 2006. The purpose of the Plan is to promote the long-term success of the Company
and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants
with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of
restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options) or stock appreciation rights. 
 SECTION 2. DEFINITIONS. 
 (a) “Affiliate” shall mean any entity other than a Subsidiary, if the Company
and/or one of more Subsidiaries own not less than 50% of such entity. 
 (b) “Award” shall mean any award of an Option, a
SAR, a Restricted Share or a Stock Unit under the Plan. 
 (c) “Board of Directors” shall mean the Board of Directors of the
Company, as constituted from time to time. 
 (d) “Change in Control” shall mean the occurrence of any of the following
events: 
 (i) A change in the composition of the Board of Directors occurs, as a result of which fewer than one-half of the
incumbent directors are directors who either: 
 (A) Had been directors of the Company on the “look-back date” (as
defined below) (the “original directors”); or 
 (B) Were elected, or nominated for election, to the Board of
Directors with the affirmative votes of at least a majority of the aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the
“continuing directors”); or 
 (ii) Any “person” (as defined below) who by the acquisition or aggregation
of securities, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s
then outstanding securities 
  

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 ordinarily (and apart from rights accruing under special circumstances) having the right to vote at
elections of directors (the “Base Capital Stock”); except that any change in the relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares
of Base Capital Stock, and any decrease thereafter in such person’s ownership of securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of
the Company; or 
 (iii) The consummation of a merger or consolidation of the Company with or into another entity or any other
corporate reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting
power of the outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; or 
 (iv) The sale, transfer or other disposition of all or substantially all of the Company’s assets. 
 For purposes of subsection (d)(i) above, the term “look-back” date shall mean the later of (1) September 2, 2003 or (2) the date
24 months prior to the date of the event that may constitute a Change in Control. 
 For purposes of subsection (d)(ii)) above, the term
“person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act but shall exclude (1) a trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a
Parent or Subsidiary and (2) a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of the Stock. 
 Any other provision of this Section 2(d) notwithstanding, a transaction shall not constitute a Change in Control if its sole purpose is to change
the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction, and a Change in Control
shall not be deemed to occur if the Company files a registration statement with the Securities and Exchange Commission for the initial offering of Stock to the public. 
 (e) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (f)
“Committee” shall mean the Compensation Committee as designated by the Board of Directors, which is authorized to administer the Plan, as described in Section 3 hereof. 
 (g) “Company” shall mean SYNNEX Corporation 
 (h) “Consultant” shall mean a consultant or advisor who provides bona fide services to the Company, a Parent, a Subsidiary or an Affiliate as an independent contractor or a member of the board of
directors of a Parent or a Subsidiary who is not an Employee. Service as a Consultant shall be considered Service for all purposes of the Plan. 
  

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 (i) “Disability” shall mean that the Optionee is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment. 
 (j) “Employee” shall
mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary. 
 (k) “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended. 
 (l) “Exercise Price” shall mean, in the case of an Option, the
amount for which one Common Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of a SAR, shall mean an amount, as specified in the applicable SAR
Agreement, which is subtracted from the Fair Market Value of one Common Share in determining the amount payable upon exercise of such SAR. 
 (m) “Fair Market Value” with respect to a Share, shall mean the market price of one Share of Stock, determined by the Committee as follows: 
 (i) If the Stock was traded over-the-counter on the date in question but was not traded on The Nasdaq Stock Market, then the Fair Market
Value shall be equal to the last transaction price quoted for such date by the OTC Bulletin Board or, if not so quoted, shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal
automated inter-dealer quotation system on which the Stock is quoted or, if the Stock is not quoted on any such system, by the Pink Sheets LLC; 
 (ii) If the Stock was traded on The Nasdaq Stock Market, then the Fair Market Value shall be equal to the last reported sale price quoted for such date by The Nasdaq Stock Market; 
 (iii) If the Stock was traded on a United States stock exchange on the date in question, then the Fair Market Value shall be equal to the
closing price reported for such date by the applicable composite-transactions report; and 
 (iv) If none of the foregoing
provisions is applicable, then the Fair Market Value shall be determined by the Committee in good faith on such basis as it deems appropriate. 
 In all
cases, the determination of Fair Market Value by the Committee shall be conclusive and binding on all persons. 
 (n) “ISO”
shall mean an employee incentive stock option described in Section 422 of the Code. 
 (o) “Misconduct” shall mean the
commission of any act of fraud, embezzlement or dishonesty by the Participant, any unauthorized use or disclosure by the Participant of confidential information or trade secrets of the Company (or any Parent or Subsidiary), or any other intentional
misconduct by the Participant adversely affecting the business or affairs of the Company (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts or omissions which the Company
(or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of the Participant or any other individual in the Service of the Company (or any Parent or Subsidiary). 
  

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 (p) “Nonstatutory Option” or “NSO” shall mean an employee stock option that is
not an ISO. 
 (q) “Offeree” shall mean an individual to whom the Committee has offered the right to acquire Shares under
the Plan (other than upon exercise of an Option). 
 (r) “Option” shall mean an ISO or Nonstatutory Option granted under the
Plan and entitling the holder to purchase Shares. 
 (s) “Optionee” shall mean an individual or estate who holds an Option
or SAR. 
 (t) “Outside Director” shall mean a member of the Board of Directors who is not a common-law employee of the
Company, a Parent or a Subsidiary. Service as an Outside Director shall be considered Service for all purposes of the Plan, except as provided in the second sentence of Section 4(a). 
 (u) “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each
of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after
the adoption of the Plan shall be a Parent commencing as of such date. 
 (v) “Participant” shall mean an individual or
estate who holds an Award. 
 (w) “Plan” shall mean this 2003 Stock Incentive Plan of SYNNEX Corporation, as amended from
time to time. 
 (x) “Purchase Price” shall mean the consideration for which one Share may be acquired under the Plan (other
than upon exercise of an Option), as specified by the Committee. 
 (y) “Restricted Share” shall mean a Share awarded under
the Plan. 
 (z) “Restricted Share Agreement “ shall mean the agreement between the Company and the recipient of a
Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares. 
 (aa) “SAR”
shall mean a stock appreciation right granted under the Plan. 
 (bb) “SAR Agreement” shall mean the agreement between the
Company and an Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR. 
 (cc)
“Service” shall mean service as an Employee, Consultant or Outside Director. 
 (dd) “Share” shall mean one
share of Stock, as adjusted in accordance with Section 11 (if applicable). 
 (ee) “Stock” shall mean the Common Stock
of the Company. 
  

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 (ff) “Stock Option Agreement” shall mean the agreement between the Company and an
Optionee that contains the terms, conditions and restrictions pertaining to such Option. 
 (gg) “Stock Unit” shall mean a
bookkeeping entry representing the Company’s obligation to deliver one Share (or distribute cash) on a future date in accordance with the terms, conditions and restrictions of a Stock Unit Agreement. 
 (hh) “Stock Unit Agreement” shall mean the agreement between the Company and the recipient of a Stock Unit which contains the terms,
conditions and restrictions pertaining to such Stock Unit. 
 (ii) “Subsidiary” shall mean any corporation, if the Company
and/or one or more other Subsidiaries own not less than 50% of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan
shall be considered a Subsidiary commencing as of such date. 
 SECTION 3. ADMINISTRATION. 
 (a) Committee Composition. The Plan shall be administered by the Committee. The Committee shall consist of two or more directors of the Company,
who shall be appointed by the Board. In addition, the composition of the Committee shall satisfy 
 (i) such requirements as
the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act; and 
 (ii) such requirements as the Internal Revenue Service may establish for outside directors acting under plans intended to qualify for
exemption under Section 162(m)(4)(C) of the Code. 
 (b) Committee for Non-Officer Grants. The Board may also appoint one or more
separate committees of the Board, each composed of one or more directors of the Company who need not satisfy the requirements of Section 3(a), who may administer the Plan with respect to Employees who are not considered officers or directors of
the Company under Section 16 of the Exchange Act, may grant Awards under the Plan to such Employees and may determine all terms of such grants. Within the limitations of the preceding sentence, any reference in the Plan to the Committee shall
include such committee or committees appointed pursuant to the preceding sentence. The Board of Directors may also authorize one or more officers of the Company to designate Employees, other than officers under Section 16 of the Exchange Act,
to receive Awards and/or to determine the number of such Awards to be received by such persons; provided, however, that the Board of Directors shall specify the total number of Awards that such officers may so award. 
 (c) Committee Procedures. The Board of Directors shall designate one of the members of the Committee as chairman. The Committee may hold meetings
at such times and places as it shall determine. The acts of a majority of the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing by all Committee members, shall be valid acts of the Committee.

  

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 (d) Committee Responsibilities. Subject to the provisions of the Plan, the Committee shall have
full authority and discretion to take the following actions: 
 (i) To interpret the Plan and to apply its provisions;

 (ii) To adopt, amend or rescind rules, procedures and forms relating to the Plan; 
 (iii) To authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan;

 (iv) To determine when Awards are to be granted under the Plan; 
 (v) To select the Offerees and Optionees; 
 (vi) To determine the number of Shares to be made subject to each Award; 
 (vii) To prescribe
the terms and conditions of each Award, including (without limitation) the Exercise Price and Purchas Price, and the vesting or duration of the Award (including accelerating the vesting of Awards, either at the time of the Award or thereafter,
without the consent of the Participant), to determine whether an Option is to be classified as an ISO or as a Nonstatutory Option, and to specify the provisions of the agreement relating to such Award; 
 (viii) To amend any outstanding Award agreement, subject to applicable legal restrictions and to the consent of the Participant if the
Participant’s rights or obligations would be adversely affected; 
 (ix) To prescribe the consideration for the grant of
each Award or other right under the Plan and to determine the sufficiency of such consideration; 
 (x) To determine the
disposition of each Award or other right under the Plan in the event of a Participant’s divorce or dissolution of marriage; 
 (xi) To determine whether Awards under the Plan will be granted in replacement of other grants under an incentive or other compensation plan of an acquired business; 
 (xii) To correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award agreement; and 
 (xiii) To take any other actions deemed necessary or advisable for the administration of the Plan. 
 Subject to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry out its responsibilities and may
prescribe such conditions and limitations as it may deem appropriate, except that the Committee may not delegate its authority with regard to the selection for participation of or the granting of Options or other rights under the Plan to persons
subject to Section 16 of the Exchange Act. All decisions, 
  

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 interpretations and other actions of the Committee shall be final and binding on all Offerees, all Optionees, and all
persons deriving their rights from an Offeree or Optionee. No member of the Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan, any Option, or any right to acquire Shares under the
Plan. 
 SECTION 4. ELIGIBILITY. 
 (a) General Rule. Only Employees shall be eligible for the grant of ISOs. Only Employees, Consultants and Outside Directors shall be eligible for the grant of Restricted Shares, Stock Units, Nonstatutory Options or SARs. 

(b) Automatic Grants to Outside Directors. 
 (i) Each Outside Director who first joins the Board of Directors after the effective date of the Plan, and who was not previously an Employee, shall receive a Nonstatutory Option, subject to approval of the Plan by
the Company’s stockholders, to purchase 25,000 Shares (subject to adjustment under Section 11) on the first business day after his or her election to the Board of Directors; provided, however, if the first business day after his or her
election falls within a trading black-out period, then the grant date for options granted pursuant to this section shall be upon the expiration of the third trading day after the trading black-out period ends. 
 (ii) On the first business day following the conclusion of each regular annual meeting of the Company’s stockholders after such
Outside Director’s appointment or election to the Board of Directors, commencing with the annual meeting occurring after the adoption of the Plan, each Outside Director who will continue serving as a member of the Board of Directors thereafter
shall receive an Option to purchase 5,000 Shares, subject to adjustment under Section 11, provided such Outside Director has served on the Board of Directors for at least six months; provided, further, if the first business day following the
conclusion of the regular annual meeting of the Company’s stockholders after such Outside Director’s appointment or election to the Board of Directors falls within a trading black-out period, then the grant date for options granted
pursuant to this section shall be upon the expiration of the third trading day after the trading black-out period ends. 
 (iii) The Exercise Price of all Nonstatutory Options granted to an Outside Director under this Section 4(b) shall be equal to 100% of the Fair Market Value of a Share on the date of grant, payable in one of the forms described in
Section 8(a), (b) or (d). 
 (iv) Twenty percent (20%) of the Shares subject to each Option granted under this
Section 4(b) shall vest and become exercisable on the first anniversary of the date of grant. The balance of the Shares subject to each Option (i.e. the remaining eighty percent (80%)) granted under this Section 4(b) shall vest
and become exercisable monthly over a four-year period beginning on the day which is one month after the first anniversary of the date of grant, at a monthly rate of 1.666% of the total number of Shares subject to such Options. 
  

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 (v) Subject to Sections 4(b)(vi) and (vii), all Nonstatutory Options granted to an
Outside Director under this Section 4(e) shall terminate on the day before the tenth anniversary of the date of grant of such Options. 
 (vi) If an Outside Director’s Service terminates for any reason, then his or her Options granted under this Section 4(b) shall expire on the earliest of the following occasions: 
 (A) The expiration date determined pursuant to Section 4(b)(v) above; 
 (B) The date 12 months after the termination of the Outside Director’s Service, if the termination occurs because of his or her death
or Disability; 
 (C) The date of the Outside Director’s termination of Service, if the termination occurs by reason of
his or her Misconduct; or 
 (D) The date three months after the termination of the Outside Director’s Service, if the
termination occurs for any reason other than death, Disability or Misconduct. 
 The Outside Director may exercise all or part of his or her
Options at any time before the expiration of such Options under the preceding sentence, but only to the extent that such Options had become vested before his or her Service terminated. The balance of such Options shall lapse when the Outside
Director’s Service terminates. 
 (vii) In the event that the Outside Director dies after the termination of his or her
Service but before the expiration of his or her Options granted under this Section 4(b), then his or her Options shall expire on the earlier of the following dates: 
 (A) The expiration date determined pursuant to Section 4(b)(v) above; or 
 (B) The date 12 months after his or her death. 
 (c) Ten-Percent Stockholders. An Employee who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant
of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code. 
 (d) Attribution Rules. For purposes
of Section 4(c) above, in determining stock ownership, an Employee shall be deemed to own the stock owned, directly or indirectly, by or for such Employee’s brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly
or indirectly, by or for a corporation, partnership, estate or trust shall be deemed to be owned proportionately by or for its stockholders, partners or beneficiaries. 
 (e) Outstanding Stock. For purposes of Section 4(c) above, “outstanding stock” shall include all stock actually issued and outstanding immediately after the grant. “Outstanding stock”
shall not include shares authorized for issuance under outstanding options held by the Employee or by any other person. 
  

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 SECTION 5. STOCK SUBJECT TO PLAN. 
 (a) Basic Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. Subject to Section 5(b) below,
the maximum aggregate number of Options, SARs and Restricted Shares awarded under the Plan shall not exceed the sum of (i) the number of Shares subject to outstanding options granted under the Company’s 1997 Stock Option/Stock Issuance
Plan, Special Executive Stock Option/Stock Issuance Plan and 1993 Stock Option Plan (the “Predecessor Plans”), as of the effective date of the Plan, to the extent those options expire, terminate or are cancelled for any reason prior to
exercise in full, plus (ii) 5,506,649 Shares; provided, however, that such sum shall not exceed 14,111,761 Shares. The limitations of this Section 5(a) shall be subject to adjustment pursuant to Section 11. All Share amounts set forth
in the Plan have been adjusted to give effect to a 2 for 1 reverse stock split of the Stock which was effected on November 12, 2003. The number of Shares that are subject to Options or other rights outstanding at any time under the Plan shall
not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. 

(b) Additional Shares. If Restricted Shares or Shares issued upon the exercise of Options are forfeited, then such Shares shall again become
available for Awards under the Plan. If Stock Units, Options or SARs are forfeited or terminate for any other reason before being exercised or settled, as applicable, then the corresponding Shares shall again become available for Awards under the
Plan. If Stock Units are settled, then only the number of Shares (if any) actually issued in settlement of such Stock Units shall reduce the number available under Section 5(a) and the balance shall again become available for Awards under the
Plan. If SARs are exercised, then only the number of Shares (if any) actually issued in settlement of such SARs shall reduce the number available in Section 5(a) and the balance shall again become available for Awards under the Plan.

 SECTION 6. RESTRICTED SHARES 
 (a)
Restricted Stock Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Stock Agreement between the recipient and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan
and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Restricted Stock Agreements entered into under the Plan need not be identical. 
 (b) Payment for Awards. Subject to the following sentence, Restricted Shares may be sold or awarded under the Plan for such consideration as the
Committee may determine, including (without limitation) cash, cash equivalents, full-recourse promissory notes, past services and future services. To the extent that an Award consists of newly issued Restricted Shares, the Award recipient shall
furnish consideration with a value not less than the par value of such Restricted Shares in the form of cash, cash equivalents, or past services rendered to the Company (or a Parent or Subsidiary), as the Committee may determine. 
 (c) Vesting. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon
satisfaction of the conditions specified in the Restricted Stock Agreement. A Restricted Stock Agreement may provide for accelerated vesting 
  

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 in the event of the Participant’s death, disability or retirement or other events. The Committee may determine, at
the time of granting Restricted Shares of thereafter, that all or part of such Restricted Shares shall become vested in the event that a Change in Control occurs with respect to the Company. 
 (d) Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same voting, dividend and other rights as
the Company’s other stockholders. A Restricted Stock Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such additional Restricted Shares shall be subject to
the same conditions and restrictions as the Award with respect to which the dividends were paid. 
 (e) Restrictions on Transfer of
Shares. Restricted Shares shall be subject to such rights of repurchase, rights of first refusal or other restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Restricted Stock Agreement and shall
apply in addition to any general restrictions that may apply to all holders of Shares. 
 SECTION 7. TERMS AND CONDITIONS OF OPTIONS. 

(a) Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the
Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee deems appropriate for inclusion in a Stock
Option Agreement. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a
reduction in the Optionee’s other compensation. 
 (b) Number of Shares. Each Stock Option Agreement shall specify the number of
Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 11. Options granted to an Optionee in a single calendar year of the Company shall not cover more than 1,500,000 Shares, except
that Options granted to a new Employee or Consultant in the calendar year of the Company in which his or her Service first commences shall not cover more than 2,500,000 Shares (in each case subject to adjustment in accordance with Section 11).

 (c) Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less
than 100% of the Fair Market Value of a Share on the date of grant, except as otherwise provided in Section 4(c), and the Exercise Price of an NSO shall not be less 85% of the Fair Market Value of a Share on the date of grant. Notwithstanding
the foregoing, a Stock Option Agreement may specify that the exercise price of an NSO may vary in accordance with a predetermined formula. Subject to the foregoing in this Section 7(c), the Exercise Price under any Option shall be determined by
the Committee at its sole discretion. The Exercise Price shall be payable in one of the forms described in Section 8. 
 (d)
Withholding Taxes. As a condition to the exercise of an Option, the Optionee shall make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in
connection with such 
  

 -13- 

 exercise. The Optionee shall also make such arrangements as the Committee may require for the satisfaction of any
federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 
 (e) Exercisability and Term. Each Stock Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. The Stock Option Agreement shall also specify the term of the
Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant (five years for Employees described in Section 4(c)). A Stock Option Agreement may provide for accelerated exercisability in the event of the
Optionee’s death, disability, or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service. Options may be awarded in combination with SARs, and such an
Award may provide that the Options will not be exercisable unless the related SARs are forfeited. Subject to the foregoing in this Section 7(e), the Committee at its sole discretion shall determine when all or any installment of an Option is to
become exercisable and when an Option is to expire. 
 (f) Exercise of Options Upon Termination of Service. Each Stock Option
Agreement shall set forth the extent to which the Optionee shall have the right to exercise the Option following termination of the Optionee’s Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors
or administrators of the Optionee’s estate or any person who has acquired such Option(s) directly from the Optionee by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform
among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. 
 (g) Effect
of Change in Control. The Committee may determine, at the time of granting an Option or thereafter, that such Option shall become exercisable as to all or part of the Shares subject to such Option in the event that a Change in Control occurs
with respect to the Company. 
 (h) Leaves of Absence. An Employee’s Service shall cease when such Employee ceases to be actively
employed by, or a Consultant to, the Company (or any subsidiary) as determined in the sole discretion of the Board of Directors. For purposes of Options, Service does not terminate when an Employee goes on a bona fide leave of absence, that was
approved by the Company in writing, if the terms of the leave provide for continued service crediting, or when continued service crediting is required by applicable law. However, for purposes of determining whether an Option is entitled to ISO
status, an Employee’s Service will be treated as terminating 90 days after such Employee went on leave, unless such Employee’s right to return to active work is guaranteed by law or by a contract. Service terminates in any event when the
approved leave ends, unless such Employee immediately returns to active work. The Company determines which leaves count toward Service, and when Service terminates for all purposes under the Plan. 
 (i) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with respect to any Shares
covered by his Option until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided in Section 11. 
  

 -14- 

 (j) Modification, Extension and Renewal of Options. Within the limitations of the Plan, the
Committee may modify, extend or renew outstanding options or may accept the cancellation of outstanding options (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new Options for the same or a
different number of Shares and at the same or a different exercise price, or in return for the grant of the same or a different number of Shares. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee,
adversely affect his or her rights or obligations under such Option. 
 (k) Restrictions on Transfer of Shares. Any Shares issued upon
exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock
Option Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 
 (l) Buyout
Provisions. The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents an Option previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at
such time and based upon such terms and conditions as the Committee shall establish. 
 SECTION 8. PAYMENT FOR SHARES. 
 (a) General Rule. The entire Exercise Price or Purchase Price of Shares issued under the Plan shall be payable in lawful money of the United States
of America at the time when such Shares are purchased, except as provided in Section 8(b) through Section 8(g) below. 
 (b)
Surrender of Stock. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by surrendering, or attesting to the ownership of, Shares which have already been owned by the Optionee or his representative.
Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the Plan. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause
the Company to recognize compensation expense (or additional compensation expense) with respect to the Option for financial reporting purposes. 
 (c) Services Rendered. At the discretion of the Committee, Shares may be awarded under the Plan in consideration of services rendered to the Company or a Subsidiary prior to the award. If Shares are awarded without the payment of a
Purchase Price in cash, the Committee shall make a determination (at the time of the award) of the value of the services rendered by the Offeree and the sufficiency of the consideration to meet the requirements of Section 6(b). 
 (d) Cashless Exercise. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by delivery (on a form
prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate Exercise Price. 
 (e) Exercise/Pledge. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by delivery (on a form prescribed
by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of the aggregate Exercise Price. 
  

 -15- 

 (f) Promissory Note. To the extent that a Stock Option Agreement or Restricted Stock Agreement so
provides, payment may be made all or in part by delivering (on a form prescribed by the Company) a full-recourse promissory note. However, the par value of the Common Shares being purchased under the Plan, if newly issued, shall be paid in cash or
cash equivalents. 
 (g) Other Forms of Payment. To the extent that a Stock Option Agreement or Restricted Stock Agreement so
provides, payment may be made in any other form that is consistent with applicable laws, regulations and rules. 
 (h) Limitations under
Applicable Law. Notwithstanding anything herein or in a Stock Option Agreement or Restricted Stock Agreement to the contrary, payment may not be made in any form that is unlawful, as determined by the Committee in its sole discretion.

 SECTION 9. STOCK APPRECIATION RIGHTS. 
 (a) SAR Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Agreement between the Optionee and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms
that are not inconsistent with the Plan. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the Optionee’s other compensation. 
 (b) Number of Shares. Each SAR Agreement shall specify the number of Shares to which the SAR pertains and shall provide for the adjustment of such
number in accordance with Section 11. SARs granted to any Optionee in a single calendar year shall in no event pertain to more than 1,500,000 Shares, except that SARs granted to a new Employee or Consultant in the calendar year of the Company
in which his or her Service first commences shall not pertain to more than 2,500,000 Shares. The limitations set forth in the preceding sentence shall be subject to adjustment in accordance with Section 11. 
 (c) Exercise Price. Each SAR Agreement shall specify the Exercise Price. A SAR Agreement may specify an Exercise Price that varies in accordance
with a predetermined formula while the SAR is outstanding. 
 (d) Exercisability and Term. Each SAR Agreement shall specify the date
when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. A SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement
or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be
exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable
only in the event of a Change in Control. 
  

 -16- 

 (e) Effect of Change in Control. The Committee may determine, at the time of granting a SAR or
thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. 
 (f) Exercise of SARs. Upon exercise of a SAR, the Optionee (or any person having the right to exercise the SAR after his or her death) shall
receive from the Company (a) Shares, (b) cash or (c) a combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the aggregate,
be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the Exercise Price. 
 (g) Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another
issuer) in return for the grant of new SARs for the same or a different number of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, may alter or
impair his or her rights or obligations under such SAR. 
 SECTION 10. STOCK UNITS. 
 (a) Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the recipient and the
Company. Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Stock Unit Agreements entered into under the Plan need not be
identical. Stock Units may be granted in consideration of a reduction in the recipient’s other compensation. 
 (b) Payment for
Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipients. 
 (c) Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Agreement. A Stock Unit
Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock
Units shall become vested in the event that a Change in Control occurs with respect to the Company. 
 (d) Voting and Dividend Rights.
The holders of Stock Units shall have no voting rights. Prior to settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder
to be credited with an amount equal to all cash dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash,
in the form of Shares, or in a combination of both. Prior to distribution, any dividend equivalents which are not paid shall be subject to the same conditions and restrictions (including without limitation, any forfeiture conditions) as the Stock
Units to which they attach. 
  

 -17- 

 (e) Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in
the form of (a) cash, (b) Shares or (c) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based
on predetermined performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. Vested Stock Units may be settled in a lump
sum or in installments. The distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later date. The amount of a deferred distribution may be
increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Section 11. 
 (f) Death of Recipient. Any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s
beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the
prescribed form with the Company at any time before the Award recipient’s death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after the
recipient’s death shall be distributed to the recipient’s estate. 
 (g) Creditors’ Rights. A holder of Stock Units
shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 
 SECTION 11. ADJUSTMENT OF SHARES. 
 (a)
Adjustments. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of
Shares, a combination or consolidation of the outstanding Stock (by reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make such adjustments as it, in its sole
discretion, deems appropriate in one or more of: 
 (i) The number of Options, SARs, Restricted Shares and Stock Units
available for future Awards under Section 5; 
 (ii) The limitations set forth in Section 5(a), Section 7(b)
and Section 9(b); 
 (iii) The number of NSOs to be granted to Outside Directors under Section 4(b); 
 (iv) The number of Shares covered by each outstanding Option and SAR; 
 (v) The Exercise Price under each outstanding Option and SAR; or 
 (vi) The number of Stock Units included in any prior Award which has not yet been settled. 
  

 -18- 

 Except as provided in this Section 11, a Participant shall have no rights by reason of any issue by the Company of
stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any
class. 
 (b) Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall
terminate immediately prior to the dissolution or liquidation of the Company. 
 (c) Reorganizations. In the event that the Company is
a party to a merger or other reorganization, outstanding Awards shall be subject to the agreement of merger or reorganization. Such agreement shall provide for: 
 (i) The continuation of the outstanding Awards by the Company, if the Company is a surviving corporation; 
 (ii) The assumption of the outstanding Awards by the surviving corporation or its parent or subsidiary; 
 (iii) The substitution by the surviving corporation or its parent or subsidiary of its own awards for the outstanding Awards; 

(iv) Full exercisability or vesting and accelerated expiration of the outstanding Awards; or 
 (v) Settlement of the full value of the outstanding Awards in cash or cash equivalents followed by cancellation of such Awards.

 (d) Reservation of Rights. Except as provided in this Section 11, an Optionee or Offeree shall have no rights by reason of any
subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issue by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not
affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its
business or assets. 
 SECTION 12. LEGAL AND REGULATORY REQUIREMENTS. 
 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable requirements of
law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations and the regulations of any stock exchange on which the Company’s securities may
then be listed, and the Company has obtained the approval or favorable ruling from any governmental agency which the Company determines is necessary or advisable. 
  

 -19- 

 SECTION 13. WITHHOLDING TAXES. 
 (a) General. To the extent required by applicable federal, state, local or foreign law, a Participant or his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any
withholding tax obligations that arise in connection with the Plan. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 
 (b) Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having
the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date
when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the legally required minimum tax withholding. 
 SECTION 14. LIMITATION ON PARACHUTE PAYMENTS. 
 (a) Scope of Limitation.. This Section 14 shall apply to an Award only if the independent auditors most recently selected by the Board (the “Auditors”) determine that the after-tax value of such Award to the Optionee
or Offeree, taking into account the effect of all federal, state and local income taxes, employment taxes and excise taxes applicable to the Optionee or Offeree (including the excise tax under section 4999 of the Code), will be greater after the
application of this Section 14 than it was before application of this Section 14. 
 (b) Basic Rule. In the event that the
Auditors determine that any payment or transfer by the Company under the Plan to or for the benefit of a Participant (a “Payment”) would be nondeductible by the Company for federal income tax purposes because of the provisions concerning
“excess parachute payments” in Section 280G of the Code, then the aggregate present value of all Payments shall be reduced (but not below zero) to the Reduced Amount. For purposes of this Section 14, the “Reduced
Amount” shall be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be nondeductible by the Company because of Section 280G of the Code. 
 (c) Reduction of Payments. If the Auditors determine that any Payment would be nondeductible by the Company because of Section 280G of the
Code, then the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation thereof and of the Reduced Amount, and the Participant may then elect, in his or her sole discretion, which and how much of the
Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of his or her election within 10 days of receipt of notice.
If no such election is made by the Participant within such 10-day period, then the Company may elect which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals
the Reduced Amount) and shall notify the Participant promptly of such election. For purposes of this Section 14, present value shall be determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Auditors
under this Section 14 shall be binding upon the Company and the Participant and shall be made within 60 days of the date when a Payment becomes payable or 
  

 -20- 

 transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay
or transfer to or for the benefit of the Participant such amounts as are then due to him or her under the Plan and shall promptly pay or transfer to or for the benefit of the Participant in the future such amounts as become due to him or her under
the Plan. 
 (d) Related Corporations. For purposes of this Section 14, the term “Company” shall include affiliated
corporations to the extent determined by the Auditors in accordance with Section 280G(d)(5) of the Code. 
 SECTION 15. NO EMPLOYMENT RIGHTS.

 No provision of the Plan, nor any right or Option granted under the Plan, shall be construed to give any person any right to become, to
be treated as, or to remain an Employee. The Company and its Subsidiaries reserve the right to terminate any person’s Service at any time and for any reason, with or without notice. 
 SECTION 16. DURATION AND AMENDMENTS. 
 (a) Term of the Plan. The Plan, as set forth
herein, shall terminate automatically on September 1, 2013, and may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. The Board of Directors may amend the Plan at any time and from time to time. Rights and obligations under any Award granted before amendment of the Plan shall not be materially impaired by
such amendment, except with consent of the Participant. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. 
 (c) Effect of Amendment or Termination. No Awards shall be granted under the Plan after the termination thereof. The termination of the Plan, or
any amendment thereof, shall not affect Awards previously granted under the Plan. 
 SECTION 17. EXECUTION. 
 To record the amendment and restatement of the Plan by the Board of Directors on June 20, 2006, the Company has caused its authorized officer to
execute the same. 
  

			
	SYNNEX Corporation
		
	By	 	 /s/ Simon Leung

		 	Simon Leung
		 	General Counsel and Secretary

  

 -21-Separation Agreement and Release

 Exhibit 10.1 
 SEPARATION AGREEMENT AND RELEASE 
 This SEPARATION AGREEMENT AND RELEASE (the
“Agreement”) is made as of July 3, 2006, by and between Biolase Technology, Inc., a Delaware corporation (the “Company”) and Robert Grant (“Grant”). The Company and Grant are sometimes referred
to collectively as the “Parties.” 
 RECITALS 
 WHEREAS, Grant was the former President, Chief Executive Officer and Acting Chairman of the Board of the Company and voluntarily resigned from those
positions effective on or about May 9, 2006 in order to pursue other career opportunities; 
 WHEREAS, during his employment with the
Company, Grant acquired options to purchase shares of the Company’s Common Stock, par value $0.001 per share, in the amount set forth on Exhibit A hereto (the “Options”), which options are fully vested but which options are
subject to certain resale restrictions; and 
 WHEREAS, Grant and the Company desire to enter into an agreement such that Grant will forfeit
a portion of his Options and provide the Company with a general release of claims against the Company and its Board of Directors in exchange for the Company releasing the resale restrictions that apply to the Options and providing Grant with a
general release of claims. 
 AGREEMENT 
 NOW, THEREFORE, in reliance on the mutual covenants, releases, agreements and conditions contained herein and subject to the provisions and terms of this Agreement and for other good and valuable consideration, the
sufficiency and receipt of which is hereby acknowledged, the Parties agree as follows: 
 1. Forfeiture of Options. Grant hereby
forfeits all right, title and interest in and to, and hereby agrees not to exercise (i) all or any portion of the Option to purchase 10,000 shares of Common Stock granted to Grant on June 30, 2003; (ii) all or any portion of the
Option to purchase 90,000 shares of Common Stock granted to Grant on August 8, 2003; and (iii) the right to acquire 62,000 shares of Common Stock pursuant to the Option to purchase 400,000 shares of Common Stock granted to Grant on
October 26, 2004. Grant hereby represents and warrants that, except as set forth on Exhibit A hereto, Grant does not own, possess or otherwise hold an interest in any option, warrant, agreement, contract or other right to purchase from the
Company any shares of capital stock of the Company. 
 2. Waiver of Resale Restrictions. The Parties agree that the Resale Restriction
Agreement by and between the Company and Grant dated December 16, 2005 (the “Resale Restriction Agreement”), is hereby terminated and shall have no further force and effect, and that the Options not otherwise forfeited pursuant
to Section 1, and the Common Stock issuable upon exercise of such Options, shall no longer be subject to the Resale Restrictions (as defined in the Resale Restriction Agreement). The Company further agrees that the remaining portion of the
Option granted to Grant on October 26, 2004 (which relates to the 338,000 shares of Common Stock not forfeited pursuant to Section 1 above) is fully vested and Grant can exercise that portion of the Option to purchase those shares at any
time after the execution of this Agreement by the Parties. 

 3. Release by Grant. 
 (a) In exchange for the consideration provided to Grant by the Company in this Agreement and for the Company’s release in Section 4, Grant
hereby generally and completely releases the Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all
claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to Grant’s signing of this Agreement (such release, the “Grant
Release”). The Grant Release includes, but is not limited to: (1) all claims arising out of or in any way related to Grant’s employment with and separation from the Company; (2) all claims related to Grant’s compensation
or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful
termination, and breach of the implied covenant of good faith and fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (5) all federal, state, and
local statutory claims, including claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under Title VII of the 1964 Civil Rights Act, as amended, the Age Discrimination in Employment Act
(“ADEA”), the California Fair Employment and Housing Act, the Equal Pay Act of 1963, as amended, the provisions of the California Labor Code, the Americans with Disabilities Act, the Fair Labor Standards Act, the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), the Sarbanes-Oxley Act of 2002, and any other state, federal, or local laws and regulations relating to employment and/or employment discrimination. The only exceptions are claims
Grant may have for unemployment compensation and worker’s compensation, base salary (through the last date of Grant’s employment), outstanding business expenses, and unused vacation earned through the date of Grant’s separation of
employment. 
 (b) Grant acknowledges that, among other rights, Grant is waiving and releasing any rights Grant may have under ADEA, that the
Grant Release is knowing and voluntary, and that the consideration given for the Grant Release is in addition to anything of value to which Grant was already entitled as an employee of the Company. Grant further acknowledges that Grant has been
advised, as required by the Older Workers Benefit Protection Act, that: (a) the Grant Release does not relate to claims under the ADEA which may arise after this Agreement is executed; (b) Grant is hereby advised to consult with an
attorney prior to executing this Agreement (although Grant may choose voluntarily not to do so); and (c) Grant has been granted twenty-one (21) days from the date he was presented this Agreement to consider the Grant Release (although
Grant may choose voluntarily to execute this Agreement earlier, such execution to indicate his waiver of the remainder of the 21-day period); (d) Grant has seven (7) days following the execution of this Agreement to revoke his consent to
the Grant Release; and (e) no term or provision of this Agreement shall be effective until the seven (7) day revocation period has expired without Grant revoking his consent to the Grant Release. By the Grant Release, Grant is not
releasing the Company from its continuing obligations under the indemnification provisions set forth in Section 10 of the Employment Agreement between the Company and Grant dated October 26, 2004, as amended (the “Employment
Agreement”). 
 4. Release by Company. In exchange for the consideration provided to the Company by Grant in this Agreement
and for the Grant Release, the Company, on behalf of itself 

 
and each of its respective officers, directors, shareholders, employees, attorneys, partners, associates, agents, representatives, predecessors, successors,
assigns, and anyone who could claim by or through them, past, present and future, hereby unconditionally and irrevocably releases and forever discharges Grant, his representatives, predecessors, successors, assigns, spouses, heirs, executors and
trustees, past, present and future, from any and all claims, demands, causes of action, damages and expenses, whether known or unknown, suspected or unsuspected, with respect to (1) all claims arising out of or in any way related to
Grant’s employment with or separation from the Company; and (2) all claims related to Grant’s compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay,
fringe benefits, stock, or any other ownership interests in the Company (such release, the “Company Release”). By the Company Release, the Company is not releasing Grant from his continuing obligations under the proprietary
information and confidentiality provisions set forth in Section 8 of the Employment Agreement and the non-solicitation provisions set forth in Section 6 (e) of the Employment Agreement. 
 5. Section 1542 Waiver. Both Grant and the Company expressly waive and relinquish any and all rights and benefits they now have or may have
in the future under the terms of Section 1542 of the Civil Code of the State of California (“Section 1542”), which sections reads in full as follows: 
 A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected
his or her settlement with the debtor. 
 Notwithstanding Section 1542, and subject to the continuing obligations under the proprietary information
and confidentiality provisions set forth in Section 8 of the Employment Agreement, the non-solicitation provisions set forth in Section 6(e) of the Employment Agreement and the indemnification provisions in Section 10 of the
Employment Agreement, the Company and Grant knowingly and voluntarily waive the provisions of Section 1542 as well as any other statutory or common law provisions of similar effect and acknowledge and agrees that this waiver is an essential
part of this Agreement. 
 6. Continuing Obligations. Grant acknowledges his continuing obligations under the proprietary information
and confidentiality provisions set forth in Section 8 of the Employment Agreement and the non-solicitation provisions set forth in Section 6(e) of the Employment Agreement. The Company acknowledges its continuing obligations under the
indemnification provisions in Section 10 of the Employment Agreement. Nothing contained in this Agreement shall be deemed to modify, amend or supersede the obligations set forth in Sections 6(e), 8 and 10 of the Employment Agreement.

 7. Representations. By signing this Agreement, Grant hereby represents that he has no actual knowledge of, without any obligation
to conduct any investigation into, any affirmative conduct or the failure to act on the part of the Company, its officers, directors, and/or employees concerning the Company’s business practices, its reporting obligations, its customers and/or
prospective customers, its products, and/or any other any other aspect of the Company’s business, which Grant has any reason to believe rise to the level of unfair, improper and/or unlawful conduct pursuant to any state or federal law, rule,
regulation or order, including, but not limited to, any rule, regulation or decision promulgated or enforced by the Securities and 

 
Exchange Commission, or which has been promulgated or enforced by any other state or federal office or administrative body pursuant to the Sarbanes-Oxley Act
of 2002. 
 8. Final Agreement. With the exception of the terms set forth in the proprietary information and confidentiality
provisions set forth in Section 8 of the Employment Agreement, the non-solicitation provisions set forth in Section 6 (e) of the Employment Agreement and the indemnification provisions in Section 10 of the Employment
Agreement, this Agreement constitutes the complete, final and exclusive embodiment of the entire agreement between the Company and Grant with regard to the subject matter hereof. Grant is not relying on any promise or representation by the Company
that is not expressly stated herein and the Company is not relying on any promise or representation by Grant that is not expressly stated herein. This Agreement may only be modified by a writing signed by both Grant and a duly authorized officer of
the Company. 
 9. Indemnification Rights. The Parties agree that this Agreement does not in any way compromise or lessen Grant’s
contractual and statutory rights to be indemnified by the Company or otherwise be covered under any applicable insurance policies that Grant would otherwise be entitled to receive and/or be covered by. 
 10. Reimbursement for Attorney’s Fees. The Company hereby agrees to reimburse Grant for up to $5,000 of his attorney’s fees incurred in
connection with the matters addressed in this Agreement, such amount to be reimbursed upon presentation to the Company of an invoice evidencing incurrence of such fees. The Company agrees to pay such reimbursement amounts within ten
(10) business days of presentation of an invoice to the Company. 
 11. Law Applicable. This Agreement shall be deemed to have
been entered into in the State of California and all questions concerning the validity, interpretation, or performance of any of its terms or provisions or of any rights or obligations of the Parties hereto shall be governed by and resolved in
accordance with the laws of the State of California. 
 12. No Prior Assignments. The Parties hereby represent and warrant that they
are the lawful owners of all rights, claims, and actions which are the subject of this Agreement, and that they have not assigned any of such rights, claims, and actions described herein. 
 13. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original for all purposes and all
of which, when taken together, shall constitute one and the same agreement. 
 14. Severability. The provisions of this Agreement are
severable, and if any part of it is found to be unenforceable, the other Sections (or portions thereof) shall remain fully valid and enforceable. 
 15. Revocation. If Grant wishes to revoke the Grant Release, Grant shall deliver written notice stating his intent to revoke the Grant Release to Jeffrey W. Jones, at the offices of the Company on or before 5:00 p.m. on the seventh
(7th) Day after the date on which he signs this Agreement. 
 16. Binding Effect. This Agreement and each provision hereof shall bind and inure to the benefit of the respective heirs and personal
representatives of the Parties. 
 [signature pages follows] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

  

									
		 		 	 Biolase Technology, Inc.

				
	Date: July 3, 2006	 		 	 By:
	 	 /s/ Richard Harrison

		 		 		 	 Title:
	 	 Executive Vice President,
 Chief Financial, Officer
and Secretary

  

					
		 		 	 Robert Grant

			
	 Date: July 3, 2006
	 		 	 /s/ Robert Grant

 EXHIBIT A 
 OUTSTANDING OPTIONS 
  

						
	 Number of Shares of Common Stock Subject to Option
	  	Grant Date	  	Exercise Price
	 10,000
	  	6/30/2003	  	$	10.79
	 90,000
	  	8/8/2003	  	$	11.02
	 400,000
	  	10/26/2004	  	$	5.98

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