Document:

Exhibit 10.2

 Exhibit 10.2 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EXECUTIVE
EMPLOYMENT AGREEMENT (the “Agreement”), dated as of May 15, 2006 between TVI Corporation, a Maryland corporation (the “Employer”), and Richard V. Priddy (the “Executive”). 
 In consideration of the Executive’s agreement to provide services under this Agreement and the mutual agreements set forth below, the receipt and
legal sufficiency of which are hereby acknowledged, the Employer and the Executive agree as follows: 
 SECTION 1. Employment
Relationship. 
 (a) Employment by Employer. 
 (i) The Employer hereby employs the Executive, and the Executive hereby agrees to be employed by the Employer, as President and Chief Executive Officer of Employer. During the Executive’s employment with the
Employer, the Executive shall report directly to the Board of Directors of the Employer (the “Board”). The Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Employer as may be
adopted from time to time by the Employer. The Executive acknowledges receipt of copies of all such rules and policies committed to writing as of the date of this Agreement. 
 (ii) The Executive shall do and perform all services and acts necessary or advisable in the opinion of the Board to fulfill the duties and
responsibilities as are commensurate and consistent with the Executive’s position and such other services as reasonably requested by the Board (the “Services”). The Executive agrees to devote all of the Executive’s working
time, attention and efforts to the Employer and to perform the Services in accordance with the Employer’s policies as in effect from time to time; provided that, the Executive shall be permitted to engage in such limited and
non-competitive outside business activities that do not interfere with the performance of his duties hereunder only as may be expressly approved in writing by the Board in advance accordance with the business and ethical standards of the Employer
adopted from time to time. The Executive’s principal place of employment shall be the Employer’s offices located in the Glenn Dale, Maryland area. 
 (b) Employment Period. 
 (i) Subject to earlier termination as set forth herein, the initial term
hereof shall commence on January 1, 2006 and end on December 31, 2008 (such three-year term being referred to as the “Initial Term”). Notwithstanding anything to the contrary contained in the preceding sentence, the term
of this Agreement shall be automatically renewed for successive one-year terms (each such one-year term a “Renewal Term”), unless sooner terminated in accordance with the provisions hereof, or unless either party gives to the other
party written notice of intent not to renew the term of this Agreement at least ninety (90) days prior to the end of the Initial Term or any Renewal Term. For the purposes of this Agreement, the Initial Term and each Renewal Term shall
collectively be referred to as the “Employment Period.” 

 (ii) Executive agrees and acknowledges that the Employer has no obligation to extend the Employment
Period, and Executive expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive also agrees and acknowledges that, should the Employer choose to continue Executive’s employment for any period
of time after the expiration of the Employment Period, Executive’s employment with the Employer, unless otherwise agreed by the parties, will be “at will.” In other words, during any time following the expiration of the Employment
Period, unless otherwise agreed by the parties, the Employer may terminate Executive’s employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without reason and with or without
notice. All references herein to the term of this Agreement shall refer to the Initial Term, the Renewal Term and any successive term as the context logically requires. 
 SECTION 2. Compensation and Benefits.  
 During the Employment Period: 
 (a) Annual Compensation. The Employer shall pay to the Executive annual compensation, consisting of salary and incentive awards as set forth
herein. Payment and calculation shall be as follows: 
 (i) Annual Base Salary. For each fiscal year of the Employment Period the
Employer shall pay the Executive a base salary at an annual rate of Two Hundred Ninety Thousand Dollars ($290,000.00), subject to annual increase, as determined in the sole discretion of the Board based upon its annual evaluation of CEO performance
(the “Base Salary”). Base Salary shall be payable in accordance with the Employer’s payroll practices, as in effect from time to time. 
 (ii) Annual Incentive Award. The Executive shall be eligible to receive an annual performance-based incentive award to be calculated and awarded in accordance with Schedule A, attached hereto (the
“Annual Incentive Award”). 
 (b) Stock Options/Awards. Executive shall be eligible to participate in all stock
option plans and other equity programs maintained by Employer for which he is eligible, including the Employer’s Amended and Restated 1998 Incentive Stock Option Plan (the “Plan”) as set forth hereafter. 
 (i) On both the date of execution hereof and on the first trading day of each subsequent calendar year during the Employment Period starting in 2007,
Executive shall receive incentive stock options for fifty thousand (50,000) shares under the Plan (the “Option”). Each such Option shall be issued at a strike price equal to the market price of the underlying shares as of the
grant date and shall carry a seven-year term, with one-third of the subject Option shares becoming first exercisable and vesting ratably on each of the three (3) anniversaries following the grant date. 
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 (ii) Notwithstanding any term of this Agreement to the contrary, upon the occurrence of any of:
(A) the termination of Executive’s employment by Employer other than for Cause (as hereinafter defined), (B) the termination of Executive’s employment by Executive for Good Reason (as hereinafter defined), or (C) the
termination of Executive’s employment due to either his death or Disability (as hereinafter defined), and notwithstanding any provision in the Plan (or any agreement entered into thereunder or any successor stock option plan or agreement
thereunder or thereto) to the contrary, any Option held by Executive as of the effective date of such termination shall immediately and automatically become exercisable for the total number of shares subject to that Option at that time and may
thereafter be exercised for any or all of such shares until the expiration of, and in accordance with the terms of, such Option. 
 (iii)
Additionally, the Board may, in the exercise of its sole discretion, grant Executive additional stock options and other equity-based or other awards from time to time. 
 (c) Benefits. During the Employment Period, the Executive shall be entitled to participate in any welfare, health and life insurance and pension benefit and incentive programs as may be adopted from time to
time by the Employer in accordance with the plans, policies, programs and practices of the Employer applicable to similarly situated employees of the Employer; provided that, such benefits shall include long-term disability insurance covering
60% of Executive’s Base Salary up to age sixty-five (65). 
 (d) Reimbursement for Business Expenses. The Employer shall
reimburse the Executive for all reasonable and necessary business expenses incurred by the Executive in performing the Executive’s duties for the Employer, on the same basis as similarly situated employees and in accordance with the
Employer’s policies as in effect from time to time. At Executive’s option, Executive shall either receive a monthly automobile allowance of three hundred fifty dollars ($350.00) or be reimbursed for mileage driven in connection with his
duties hereunder at the maximum rate then established by the Internal Revenue Service. 
 SECTION 3. Termination. 
 (a) Death or Disability. If the Executive dies during the Employment Period, the Employment Period shall terminate immediately and automatically as
of the date of the Executive’s death. If the Executive becomes disabled during the Employment Period, the Employment Period may be terminated, at the option of the Employer, immediately upon notice after the Date of Disability. For purposes of
this Agreement, the “Date of Disability” shall mean the earlier of the date upon which: (i) Executive is determined to be totally disabled under the terms of any long-term disability income insurance policy maintained by the Employer
for the benefit of Executive; or (ii) a date in excess of twelve (12) 
 EXECUTIVE EMPLOYMENT
AGREEMENT 
  

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 consecutive calendar weeks during which Executive, in the reasonable opinion of the Board, has been unable to perform the
essential functions of his job due to a mental or physical impairment; or (iii) upon the Employer’s receipt of a written determination from a duly licensed, actively practicing physician mutually acceptable to the parties certifying in a
written medical opinion and with reasonable medical certainty that Executive is then unable, and can reasonably be expected to continue to be unable due to a mental or physical impairment, to perform the essential functions of his job for either a
period of ninety (90) consecutive days or for shorter periods aggregating one hundred eighty (180) days in any 12-month period. During any period prior to such termination during which the Executive is unable to perform his duties to the
Employer, the Employer shall continue to pay the Executive’s Base Salary at the rate in effect at the commencement of such period of Disability, offset by any amounts payable to the Executive under any disability insurance plan or policy
provided by the Employer. Executive shall cooperate with any reasonable request to participate in a physical examination to determine disability status. 
 (b) Cause. The Employer, at its option, may terminate the Employment Period and all of the obligations of the Employer under this Agreement for Cause at anytime effective as set forth below. The Employer shall
have “Cause” to terminate the Executive’s employment hereunder in the event of: (i) the Executive’s conviction of, plea of guilty or nolo contendere to, or admission that he has committed a felony,
(ii) the Executive’s willful or gross neglect of the duties required by this Agreement; (iii) the Executive’s failure to perform his duties ably and competently or to follow any lawful directive of the Board; (iv) the
Executive’s willful misconduct in the performance of his duties hereunder; or (v) a breach by Executive of a material provision of this Agreement (including Sections 4 and/or 5 hereof). In the case of an event described in clauses (i),
(iv) or (v) above, termination for Cause shall be effective immediately upon written notice thereof by the Employer. In the case of an event described in clauses (ii) or (iii) above, termination for Cause shall be effective
immediately upon written notice thereof by the Employer after: (A) the Executive has received written notice summarizing the claimed deficiencies and has had an opportunity to discuss such matters at a meeting of the Board, and (B) the
Executive has not cured such action to the satisfaction of the Board within thirty (30) days after meeting with the Board. 
 (c)
Good Reason. The Executive may terminate the Employment Period upon thirty (30) days prior written notice to the Employer specifying that Good Reason (as defined below) has occurred and setting forth the basis therefore. Termination for
Good Reason shall be effective upon expiration of such 30-day period after written notice is received by the Employer if the basis for the Good Reason has not previously been cured. “Good Reason” means: (i) the failure of the
Employer to pay any amounts due under this Agreement, other than amounts disputed in good faith with the basis for such dispute set forth by the Employer in writing; (ii) a substantial diminution in the material status, title, position or
responsibilities of the Executive, other than for Cause; (iii) the requirement that the Executive engage in any unlawful act or act of dishonesty, fraud or deception in the course of his employment; or (iv) the Employer’s requirement
that Executive relocate to a facility or location more than fifty (50) miles from the current facility. 
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EMPLOYMENT AGREEMENT 
  

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 (d) Payment in the Event of Termination. 
 (i) Basic Termination Payment. Upon the termination of the Employment Period at any time for any reason, the Employer shall pay to the Executive or
his estate any accrued and unpaid Base Salary that has not yet been paid; provided that, in the event of termination of the Employment Period due to Executive’s death, Employer shall pay to Executive’s surviving heirs a lump sum
payment equal to three (3) months of the then-current Base Salary within sixty (60) days of the date of death, in addition to any other death-related benefits the Employer may provide. 
 (ii) Standard Involuntary Termination Payment. Subject to Section 3(d)(iii) below, following the termination of the Employment Period at any
time either by the Employer without Cause or by the Executive for Good Reason, the Employer shall continue to provide to the Executive both: (A) Executive’s Base Salary, and (B) all medical and dental benefits had employment not
terminated for a period equal to the remaining balance of the Employment Period. 
 (iii) Involuntary Termination Payment Following a
Change of Control. Notwithstanding the foregoing, in the event of the termination of the Employment Period within the one (1) year period following a Change of Control (as hereinafter defined) either by the Employer without Cause or by the
Executive for Good Reason, the Employer shall continue to provide to the Executive both: (A) the Executive’s Base Salary and (B) continuation of all medical and dental benefits had employment not terminated for a period equal to the
greater of: (1) the Employment Period then remaining, or (2) a twelve (12) month period. Additionally, in such an event, Executive shall be entitled to receive an Annual Incentive Award for the year during which such termination
occurred notwithstanding that Executive is not employed by Employer on the last day of such fiscal year. In such an event, the Annual Incentive Award shall be pro rated and calculated based upon the number of full months actually worked by the
Executive prior to such termination. 
 (iv) “Change of Control” Defined. For purposes of this Agreement, a “Change
of Control” means: (a) any sale, lease, transfer or other disposition of all or substantially all of the assets of the Employer in which the buyer or surviving company is not controlled by the Employer; (b) the dissolution or
liquidation of the Employer; or (c) any merger, share exchange, consolidation or other reorganization or business combination of the Employer if immediately after such transaction either: (A) persons who were directors of the Employer
immediately prior to such transaction do not constitute at least a majority of the directors of the surviving entity, or (B) persons who hold in excess of fifty percent (50%) of the voting capital stock of the surviving entity are not
persons who held voting capital stock of the Employer immediately prior to such transaction. 
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EMPLOYMENT AGREEMENT 
  

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 SECTION 4. Confidentiality; Non-Disclosure. 
 (a) Confidentiality. 
 (i)
Non-Disclosure Obligation. The Executive acknowledges that while employed by the Employer, the Executive will occupy a position of supreme trust and confidence. The Executive shall not disclose to others or use, whether directly or
indirectly, any Confidential Information regarding the Employer or any of its affiliates; provided, however, that this Section 4(a)(i) shall not apply to any disclosure or use: (A) required to perform the Executive’s duties
hereunder; (B) required by applicable law; or (C) of information that shall have become public other than by the Executive’s disclosure. “Confidential Information” means all “Developments” (as defined below)
and all information about the Employer’s business or any of its affiliates, and their employees, clients, customers, suppliers and partners that is not disclosed by the Employer or any of its affiliates in the ordinary course of business and
that was learned by the Executive in the course of his employment by the Employer or any of its affiliates, including (without limitation) any proprietary knowledge, trade secrets, data, formulae, information and client and customer lists, prospects
lists, pricing information, quotations, budgets, proposals, existing or contemplated services or products, research, financial, marketing and operational plans, proposals and strategies and all papers, resumes, and records (including computer
records) of the documents containing such Confidential Information. The Executive acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Employer and its affiliates, and that such information gives
the Employer and its affiliates a competitive advantage. The Executive agrees to deliver or return to the Employer, at the Employer’s request at any time or upon termination or expiration of the Executive’s employment or as soon thereafter
as possible, all documents, computer tapes and disks, records, lists, data, drawings, prints, notes and written information (and all copies thereof) in any form or medium furnished by the Employer and its affiliates or prepared by the Executive in
the course of the Executive’s employment by the Employer and its affiliates. As used in this Agreement, “affiliates” means any company controlling, controlled by or under common control with the Employer. 
 (ii) Compulsory Disclosures. If the Executive is requested or (in the opinion of his counsel) required by law or judicial order to disclose any
Confidential Information, the Executive shall provide the Employer with prompt notice of any such request or requirement so that the Employer may seek an appropriate protective order or other legal process. 
 (b) Intellectual Property. Executive agrees that all innovations, inventions, discoveries, developments, improvements, works of authorship and
computer programs and related documentation that are made, conceived of or first reduced to practice by him, either solely or jointly with others while employed by the Employer as a result of tasks assigned to Executive by the Employer, or from the
use of premises or property owned, leased or contracted for by the Employer (collectively, the “Developments”), and any and 
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 all intellectual property and other proprietary rights relating thereto whatsoever, whether patented, copyrighted,
maintained as a trade secret, registered, recorded or otherwise protected (collectively, the “Intellectual Property”), will be the sole and exclusive property of the Employer. Executive shall promptly disclose to the Employer all
Developments, and Executive shall have no claim for additional compensation for the Developments or Intellectual Property. Executive shall execute such assignments or other instruments as may be requested by the Employer to confirm the
Employer’s ownership of all Intellectual Property described, and shall, at the Employer’s expense, provide all reasonable assistance in the application, preparation, filing, prosecution and maintenance of any protections relating to such
property, or such other actions as may be required to perfect the Employer’s interest in such property. 
 SECTION 5.
Non-Competition; Non-Solicitation. 
 (a) Executive acknowledges and recognizes his possession of substantial and extensive
Confidential Information, as well as knowledge of the Employer’s customers and business methods and plans. Executive agrees, as a material inducement to employ him as President and Chief Executive Officer, that he will limit his available
opportunities for employment during and after his Employment Period. Specifically, Executive, will not, both during the Employment Period and for three (3) years thereafter (other than as a passive shareholder of a company in which the
Executive owns less than a five percent (5%) equity interest) either: (i) engage in, become employed by, provide services to, or otherwise assist in any manner, any business or entity which competes, or which by the hiring of Executive
seeks to compete, with Employer by means of the sale or provision of services or products alike or similar to those sold or provided by the Employer at anytime during the Employment Period, or which Employer is planning to sell or provide at the
conclusion of the Employment Period; or (ii) solicit to perform for any Customer or Prospective Customer, or for any competitor of Employer, any services alike or similar to those services performed by the Executive for the Employer at anytime
during the Employment Period. “Customer” means any entity that has purchased products or services from the Employer at any time within two (2) years prior to the end of the Employment Period. “Prospective Customer” means any
entity either identified by the Employer for solicitation for products or services, or solicited by the Employer, any time within two (2) years prior to the end of the Employment Period. 
 (b) The Executive recognizes that he will possess confidential information about other employees of the Employer and its affiliates relating to their
education, experience, skills, abilities, compensation and benefits, and inter-personal relationships with suppliers to and customers of the Employer and its affiliates. The Executive recognizes that the information he will possess about these other
employees is not generally known, is of substantial value to the Employer and its affiliates in developing their respective businesses and in securing and retaining customers, and has been and will be acquired by Executive because of
Executive’s business position with the Employer. Executive agrees that both during the Employment Period and for three (3) years thereafter, Executive will not, directly or indirectly: (i) hire, recruit, solicit or induce, or

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 attempt to hire, recruit solicit or induce, any employee of the Employer for the purpose of being employed, retained as a
contractor or otherwise engaged by Executive or by any business, individual, partnership, firm, corporation (or other entity on whose behalf Executive is acting) as an employee, agent or other representative; or (ii) induce or attempt to induce
any person to terminate his employment or other engagement or relationship with the Employer or any affiliate. 
 SECTION 6. General
Provisions. 
 (a) Enforceability. It is the desire and intent of the parties hereto that the provisions of this Agreement shall be
enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, although the Executive and the Employer consider the restrictions contained in this Agreement to
be reasonable for the express purpose of preserving the Employer’s legitimate business interests, goodwill and proprietary rights, if any particular provision of this Agreement shall be adjudicated to be invalid or unenforceable, such provision
shall be deemed amended to delete therefrom the portion thus adjudicated to be invalid or unenforceable, such deletion to apply only with respect to the operation of such provision in the particular jurisdiction in which such adjudication is made.
It is expressly understood and agreed that although the Employer and the Executive consider the restrictions contained in Section 5 to be reasonable and necessary to protect the Employer’s legitimate business interests, if a final
determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is unenforceable against the Executive, the provisions of this Agreement shall be deemed amended to apply as
to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. 
 (b)
Remedies; Survival. The parties acknowledge that the Employer’s damages at law may be an inadequate remedy for the breach by the Executive of any provision of Section 4 or Section 5, and agree in the event of such breach that
the Employer may obtain temporary and permanent injunctive relief restraining the Executive from such breach, and, to the extent permissible under the applicable statutes and rules of procedure, a temporary injunction may be granted immediately upon
the commencement of any such suit. Nothing contained herein shall be construed as prohibiting the Employer from pursuing any other remedies available at law or equity for such breach or threatened breach of Section 4 or Section 5 or for
any breach or threatened breach of any other provision of this Agreement. The obligations contained in Sections 4 and 5 shall, to the extent provided in Sections 4 and 5, survive any termination or expiration of the Executive’s employment with
the Employer and, as applicable, shall be fully enforceable thereafter in accordance with the terms of this Agreement. In the event of termination of the Employment Period in accordance with Section 3, the Executive agrees to cooperate with the
Employer in order to ensure an orderly transfer of the Executive’s duties and responsibilities. Executive shall pay all costs incurred by the Employer, including reasonable attorneys’ fees, investigation costs and other costs and expenses,
in the enforcement of this Agreement. 
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 (c) Withholding. The Employer shall withhold such amounts from any compensation or other benefits
payable to the Executive under this Agreement on account of payroll and other taxes as may be required by applicable law or regulation of any governmental authority. 
 (d) Assignment; Successors. This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and assigns, including any corporation with which or into which the
Employer may be merged or which may otherwise succeed to its assets or business. Consequently, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and
perform all the promises, covenants, duties and obligations of the Employer hereunder, and all references herein to the “Employer” shall thereafter refer to such successor. Notwithstanding the foregoing, the obligations of the Executive
are personal and shall not be assigned by him. 
 (e) Key Man Insurance. The Employer shall have the right to obtain key man life
insurance, for the benefit of the Employer, with respect to the Executive, and the Executive shall undergo such physical examinations and provide such other cooperation as may reasonably be requested by the Employer in order to obtain and maintain
such insurance. 
 (f) Indemnity. To the maximum extent permitted by the Employer’s By-Laws and the laws of the State of
Maryland, the Employer hereby agrees to indemnify and hold the Executive harmless against any and all liabilities, expenses (including attorneys’ fees and costs), claims, judgments, fines, and amounts paid in settlement actually and reasonably
incurred in connection with any proceeding arising out of the Executive’s employment with the Employer (whether civil, criminal, administrative or investigative), other than proceedings by or in the right of the Employer. 
 (g) Acknowledgment. The parties hereto acknowledge that Employer’s general counsel, Whiteford, Taylor & Preston L.L.P., has prepared
this Agreement on behalf of the Employer and not the Executive. The Executive acknowledges that he has been advised by the Employer to seek the advice of independent counsel prior to reaching agreement with the Employer on any of the terms of this
Agreement and that he has carefully read this Agreement, understands its terms, consulted with an attorney of its choice, and voluntarily executes the same as its own free act with the intent to be legally bound thereby. The parties agree that no
rule of construction shall apply to this Agreement that construes ambiguous language in favor of or against any party by reason of that party’s role in drafting this Agreement. 
 (h) Waivers; Modification. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a
waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or
power at any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto. 
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 (i) Notices. All notices or other communications which are required or permitted hereunder shall
be in writing and sufficient if delivered personally or sent by registered or certified mail, postage prepaid, return receipt requested, sent by overnight courier, or sent by facsimile (with confirmation of receipt), addressed as follows:

  

			
	If to the Employer:	 	with a copy to:
		
	TVI Corporation	 	Frank S. Jones, Jr.
	7100 Holladay Tyler Road, Suite 300	 	Whiteford, Taylor & Preston L.L.P.
	Glenn Dale, MD 20769	 	Seven Saint Paul Street
	Attn: Board of Directors	 	Baltimore, Maryland 21202
		
	If to the Executive:	 	with a copy to:
		
	Richard V. Priddy	 	Keith J. Harrison, Member
	c/o TVI Corporation	 	King Pagano Harrison
	7100 Holladay Tyler Road, Suite 300	 	1730 Pennsylvania Avenue, N.W.
	Glenn Dale, MD 20769	 	Washington, D.C. 20006

 or at such other address as the party to whom notice is to be given may have furnished to the other party in
writing in accordance herewith. If such notice or communication is mailed, such communication shall be deemed to have been given on the fifth business day following the date on which such communication is posted. 
 (j) Descriptive Headings; Certain Interpretations. Descriptive headings are for convenience only and shall not control or affect the meaning or
construction of any provision of this Agreement. Except as otherwise expressly provided in this Agreement: (i) any reference in this Agreement to any agreement, document or instrument includes all permitted supplements and amendments;
(ii) a reference to a law includes any amendment or modification to such law and any rules or regulations issued thereunder; (iii) the words “include,” “included” and “including” are not limiting; and
(iv) a reference to a person or entity includes its permitted successors and assigns. 
 (k) Counterparts; Entire Agreement. This
Agreement may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute one agreement. This Agreement contains the entire agreement
among the parties with respect to the specific transactions contemplated by this Agreement and terminates and supersedes all other or prior written or oral agreements or understandings among the parties with respect to the Executive’s
employment by the Employer. The Executive hereby represents and warrants that by entering into this Agreement and performing the Services hereunder, the Executive will not breach or violate the terms of any employment agreement, non-competition
agreement, or similar agreement to which the Executive is a party or by which he may be bound. 
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EMPLOYMENT AGREEMENT 
  

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 (l) Governing Law; Jurisdiction. This Agreement and the legal relations thus created between the
parties hereto shall be governed by and construed under and in accordance with the internal laws of the State of Maryland without reference to the principles of conflicts of laws. Any and all disputes between the parties that may arise pursuant to
this Agreement will be heard and determined before a federal or state court located in Maryland. The parties acknowledge that such courts have jurisdiction to interpret and enforce the provisions of this Agreement, and the parties consent to, and
waive any and all objections that they may have as to, personal jurisdiction and/or venue in such courts. 
 (m) Expenses. Any cost,
expense, tax or any other charges incurred by either of the parties hereto shall be borne by the party incurring such cost, expense, tax or charge. 
 (n) Press Releases and Public Announcements. Neither party shall issue any press release or make any public announcement relating to the subject matter of this Agreement without the prior written approval of the other party. The
Employer may use Executive’s name, photograph, likeness, voice, other personal attribute, and biographical and other information in any media obtained during the Employment Period for any business purpose. 
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
written above. 
  

	
	EMPLOYER:
	
	TVI CORPORATION
	
	 /s/ MARK N. HAMMOND

	Title: Chariman of the Board
	
	EXECUTIVE:
	
	 /s/ RICHARD V. PRIDDY

	Richard V. Priddy

 EXECUTIVE EMPLOYMENT AGREEMENT

 SIGNATURE PAGE 

 Exhibit A 
 Generally. 
 Subject
to the following terms, Executive shall be entitled to receive an Annual Incentive Award for each fiscal year during the Employment Period in an amount not to exceed his Base Salary, provided that: (i) that the Net Profit of the Employer
exceeds the Floor Amount for such fiscal year; and (ii) the Executive remains employed by the Employer at all times through the last day of such fiscal year. 
 Eligibility Trigger Points / Calculation. 
 Following the close of each fiscal year during the Employment Period for which “Net Profit” exceeds the Floor Amount and provided Executive remains in the Employer’s full employ at all times through the
last day of such fiscal year, Executive shall receive an Annual Incentive Award. The Annual Incentive Award for any fiscal year shall equal the sum of: (i) two percent (2%) of any such “Net Profit” in excess of the Floor Amount up to
Forecasted Net Profit, and (ii) three and one-half percent (3.5%) of any such “Net Profit” in excess of Forecasted Net Profit; provided that, in no event shall the amount of the total Annual Incentive Award for any one fiscal
year exceed one hundred percent (100% )of the Executive’s Base Salary in effect at the conclusion of such fiscal year. 
 Definitions.

 “Floor Amount” means [OMITTED]*. 
 “Forecasted Net Profit” for any given fiscal year means actual Net Profit in excess of the forecasted Net Profit for such fiscal year. For 2006, Forecasted Net Profit equals [OMITTED]*. For subsequent
fiscal years during the Employment Period, Forecasted Net Profit shall be determined by the Compensation Committee of the Board (the “Committee”) in the exercise of its discretion, based upon its review of the financial forecast prepared
by the Executive for the fiscal year in question and such other factors as it deems appropriate. In the absence of any determination of Forecasted Net Profit by the Committee for any fiscal year, the Forecasted Net Profit for such fiscal year shall
equal one hundred and ten percent (110%) of the Forecasted Net Profit for the immediately preceding fiscal year. 
 “Net Profit”
means Employer’s net income after interest, depreciation, amortization and federal, state, local or foreign taxes, exclusive of extraordinary or non-recurring items of income or otherwise resulting from significant changes in accounting
principles that are not consistent with Employer’s business practices as determined in accordance with generally accepted accounting principles (“GAAP”). 

 Payment. 
 Payment of the Annual Incentive Award, if any, shall be made no later than the ninetieth (90th) day after the end of each full fiscal year during the
Employment Period. All payments of amounts hereunder shall be accompanied by a written statement showing the amount of Employer’s Actual Net Profit and Forecasted Net Profit during the period in respect of which such fee is paid and describing
the calculation of such payment. All payments hereunder shall be payable in accordance with the Employer’s payroll practices, as in effect from time to time, including, without limitation, the deduction of payroll taxes and similar
withholdings. 
 Calculation. 
 All calculations and other determinations whatsoever with reference to the Annual Incentive Award will be performed in accordance with GAAP in the manner applied from time to time in the Employer’s audited
financial statements, which shall be final, binding and conclusive for all purposes hereunder. Any determination, interpretation and construction regarding the Annual Incentive Award, including any pro ration required under Section 3(d)(iii)
hereof, shall be made by the Committee and shall not be subject to review by any person and shall be final, binding and conclusive for all purposes. 
 MATERIAL NOTED ABOVE AS [OMITTED] IS CONFIDENTIAL AND HAS BEEN OMITTED, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT, AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 EXHIBIT A TO 
 EXECUTIVE EMPLOYMENT AGREEMENTTupperware Brands Corporation 2006 Incentive Plan

 Exhibit 10.1 
 TUPPERWARE BRANDS CORPORATION 
 2006 INCENTIVE PLAN 
 ARTICLE 1. Establishment, Purpose, and Duration 
 1.1. Establishment of the Plan. Tupperware Brands Corporation, a Delaware corporation (hereinafter referred to as the “Company”), hereby establishes an incentive compensation plan to be known as the “Tupperware Brands
Corporation 2006 Incentive Plan” (hereinafter referred to as the “Plan”), as set forth in this document. The Plan permits the grant of Non-Qualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, Performance Awards and other stock-based and non-stock-based awards. The Plan shall become effective as of the Effective Date, and shall remain in effect as provided in Section 1.3 herein. 
 1.2. Purpose of the Plan. The purpose of the Plan is to promote the success and enhance the value of the Company by linking the personal interests
of Participants to those of the Company’s stockholders and by providing Participants with an incentive for outstanding performance. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and
retain the services of Participants upon whose judgment, interest, and special efforts the successful conduct of its operations largely is dependent. 
 1.3. Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors to terminate, amend or modify the Plan at any time pursuant to
Article 16 herein, until all Shares subject to it shall have been purchased or acquired according to the Plan’s provisions. 
 ARTICLE 2.
Definitions 
 Whenever used in the Plan, the following terms shall have the meanings set forth below and, when the meaning is intended,
the initial letter of the word is capitalized: 
 (a) “Award” means, individually or collectively, a grant under this Plan of
Non-Qualified Stock Options, Incentive Stock Options, SARs, Restricted Stock, Restricted Stock Units, Performance Awards or other stock-based awards. 
 (b) “Award Agreement” means an agreement entered into by each Participant and the Company, setting forth the terms and provisions applicable to Awards granted to Participants under this Plan, including
without limitation, stock option agreements, SAR agreements and restricted stock agreements. 
 (c) “Beneficial Owner” shall have
the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. 
 (d)
“Beneficiary” means a person who may be designated by a Participant pursuant to Article 12 and to whom any benefit under the Plan is to be paid in case of the Participant’s death or physical or mental incapacity, as determined by
the Committee, before he or she receives any or all of such benefit. 
 (e) “Board” or “Board of Directors” means the
Board of Directors of the Company. 
 (f) “Cause” means (i) ”Cause” as defined in any employment, consulting or
similar agreement between the Participant and the Company or one of its Subsidiaries or affiliates (an “Individual Agreement”), or (ii) if there is no such Individual Agreement or if it does not define Cause, (A) conviction of a
Participant for committing a felony under federal law or the laws of the state in which such action occurred, (B) dishonesty in the course of fulfilling a Participant’s employment duties, (C) willful and deliberate failure on the part
of a Participant to perform his employment duties in any material respect, including compliance with the Company’s Code of Conduct, or (D) before a Change of Control, such other events as shall be determined by the Committee. Before a
Change of Control, the Committee shall, unless otherwise provided in an Individual Agreement, have the sole discretion to determine whether “Cause” exists with respect to subclauses (A), (B) and (C) above, and its determination
shall be final. 
 (g) “Change of Control” of the Company means: 
 i. An acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20 percent or
more of either (1) the then outstanding Shares (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then outstanding voting securities of the Company 

 entitled to vote generally in the election of Directors (the “Outstanding Company Voting Securities”);
excluding, however, the following: (1) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired from the Company,
(2) any acquisition by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (4) any acquisition by any Person pursuant
to a transaction which complies with clauses (1), (2) and (3) of subsection (iii) of this definition; or 
 ii. A change in
the composition of the Board such that the individuals who, as of the Effective Date of the Plan, constitute the Board (such Board shall be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board; provided, however, for purposes of this definition, that any individual who becomes a member of the Board subsequent to such Effective Date, whose election, or nomination for election by the Company’s
stockholders, was approved by a vote of at least a majority of those individuals who are members of the Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be considered as though such
individual were a member of the Incumbent Board; but, provided further, that any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest or other actual or threatened
solicitation of proxies or consents by or on behalf of a person or legal entity other than the Board shall not be so considered as a member of the Incumbent Board; or 
 iii. The consummation of a reorganization, merger, statutory share exchange or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of assets or stock
of another entity by the Company or any of its subsidiaries or other similar transactions (“Corporate Transaction”), in each case unless, following such Corporate Transaction, (1) all or substantially all of the individuals and
entities who were the Beneficial Owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction beneficially own, directly or indirectly, more than
50 percent of, respectively, the common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Corporate
Transaction (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (2) no Person (other than the Company, any employee benefit
plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or such entity resulting from such Corporate Transaction) beneficially owns, directly or indirectly, 20 percent or more of,
respectively, the outstanding shares of Common Stock of the corporation resulting from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation entitled to vote generally in the election of
Directors except to the extent that such ownership existed with respect to the Company prior to the Corporate Transaction and (3) individuals who were members of the Incumbent Board at the time of the execution of the initial agreement or of
the action of the Board providing for such Corporate Transaction constitute at least a majority of the Board of Directors of the corporation resulting from such Corporate Transaction; or 
 iv. The approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 (i) “Commission” means the Securities and Exchange Commission or any successor agency. 
 (j) “Committee” means the committee described in Article 3 or (unless otherwise stated) its designee pursuant to a delegation by the
Committee as contemplated by Section 3.3. 
 (k) “Common Stock” shall mean the common stock of the Company, par value $.01 per
share. 
 (l) “Company” means Tupperware Brands Corporation, a Delaware corporation, or any successor thereto as provided in
Article 18 herein. 
 (m) “Covered Employee” has the meaning ascribed thereto in Section 162(m) of the Code and the
regulations thereunder. 
 (n) “Director” means any individual who is a member of the Board of Directors of the Company.

 (o) “Disability” means the inability of an Employee to perform the material duties of his or her occupation as determined by the
Committee. 

 (p) “Effective Date” means the date the Plan is approved by the stockholders of the Company.

 (q) “Employee” means any nonunion employee of the Company or of the Company’s Subsidiaries or affiliates. Directors who are
not otherwise employed by the Company shall not be considered Employees under this Plan. 
 (r) “Exchange Act” means the Securities
Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
 (s) “Fair Market Value” means, except as
expressly provided otherwise, as of any given date, the mean between the highest and lowest reported sales prices of the Common Stock during normal business hours on the New York Stock Exchange Composite Tape or, if not listed on such exchange, on
any other national securities exchange on which the Common Stock is listed or on NASDAQ. If there is no regular public trading market for such Common Stock, the Fair Market Value of the Common Stock shall be determined by the Committee in good
faith. 
 (t) “Freestanding SAR” means a SAR that is granted independently of any Options pursuant to Section 7.1 herein.

 (u) “Incentive Stock Option” or “ISO” means an option to purchase Shares, granted under Article 6 herein, which
is designated as an Incentive Stock Option and is intended to meet the requirements of Section 422 of the Code. 
 (v)
“Insider” shall mean an Employee who is, on the relevant date, an officer, Director, or more than ten percent (10 percent) Beneficial Owner of the Company. 
 (w) “Non-Qualified Stock Option” or “NQSO” means an option to purchase Shares, granted under Article 6 herein, which is not
intended to be an Incentive Stock Option. 
 (x) “Option” or “Stock Option” means an Incentive Stock Option or a
Non-Qualified Stock Option. 
 (y) “Option Price” means the price at which a Share may be purchased by a Participant pursuant to an
Option, as determined by the Committee. 
 (z) “Outside Director” means a member of the Board who qualifies as an outside director
as defined in Rule 162(m) of the Code, as promulgated by the Internal Revenue Service (the “Service”) under the Code, or any implementing or interpretive regulations from time to time, or any successor definition adopted by the
Service. 
 (aa) “Participant” means an Employee of or a consultant to the Company or any of its Subsidiaries or affiliates who has
been granted an Award under the Plan. 
 (bb) “Performance Award” means an Award granted to a Participant, as described in
Article 10 herein, including Performance Units and Performance Shares. 
 (cc) “Performance Goals” means the performance goals
established by the Committee prior to the grant of Performance Awards that are based on the attainment of one or any combination of the following: specified levels of net income or earnings per share from continuing operations, operating income,
revenues, return on operating assets, return on equity, stockholder return (measured in terms of stock price appreciation) and/or total stockholder return (measured in terms of stock price appreciation plus cash dividends), achievement of cost
control, working capital turns, cash flow, net income, economic value added, segment profit, sales force growth, or stock price of the Company or such Subsidiary, division or department of the Company for or within which the Participant primarily
renders services and that are intended to qualify under Section 162(m) (4) (c) of the Code. Such Performance Goals also may be based upon the attaining of specified levels of Company performance under one or more of the measures
described above relative to the performance of other corporations. Such Performance Goals shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations. 
 (dd) “Performance Period” means a time period during which Performance Goals established in connection with Performance Awards must be met.

 (ee) “Performance Unit” means an Award granted to a Participant, as described in Article 10 herein. 
 (ff) “Performance Share” means an Award granted to a Participant, as described in Article 10 herein. 

 (gg) “Restriction Period” or “Period” means the period or periods during which the
transfer of Shares of Restricted Stock is limited based on the passage of time and the continuation of service with the Company and the Shares are subject to a substantial risk of forfeiture, as provided in Article 8 herein. 
 (hh) “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d)
thereof, including a “group” as defined in Section 13(d). 
 (ii) “Restricted Stock” means an Award granted to a
Participant pursuant to Article 8 herein. 
 (jj) “Restricted Stock Unit” means an Award granted to a Participant pursuant to
Article 9 herein. 
 (kk) “Share” means a share of common stock of the Company. 
 (ll) “Subsidiary” or “Subsidiaries” means any corporation or corporations in which the Company owns directly, or indirectly through
Subsidiaries, at least twenty-five percent (25 percent) of the total combined voting power of all classes of stock, or any other entity (including, but not limited to, partnerships and joint ventures) in which the Company owns at least
twenty-five percent (25 percent) of the combined equity thereof. 
 (mm) “Stock Appreciation Right” or “SAR”
means an Award, granted alone (Freestanding SAR) or in connection with a related Option (Tandem SAR), designated as a SAR, pursuant to the terms of Article 7 herein. 
 (nn) “Tandem SAR” means a SAR that is granted in connection with a related Option pursuant to Section 7.1 herein, the exercise of which shall require forfeiture of the right to purchase a Share under
the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be cancelled). 
 ARTICLE 3. Administration

 3.1. The Committee. The Plan shall be administered by the Compensation and Governance Committee or such other committee of the
Board as the Board may from time to time designate, which shall be composed solely of not less than two Outside Directors, and shall be appointed by and serve at the pleasure of the Board. 
 3.2. Authority of the Committee. The Committee shall have plenary authority to grant Awards pursuant to the terms of the Plan to Employees of and
to consultants to the Company and its Subsidiaries and affiliates. 
 Among other things, the Committee shall have the authority, subject to
the terms of the Plan: 
 (a) To select the Employees and consultants to whom Awards may from time to time be granted; 
 (b) To determine whether and to what extent Incentive Stock Options, Non-Qualified Stock Options, SARs, Restricted Stock, Restricted Stock Units,
Performance Awards or other stock-based or non-stock-based awards or any combination thereof are to be granted hereunder; 
 (c) To determine
the number of Shares to be covered by each Award granted hereunder; 
 (d) To determine (by approving the forms of Award Agreements or
otherwise by resolution) the terms and conditions of any Award granted hereunder (including, but not limited to, the Option Price (subject to Section 6.4 (a)) the duration, any vesting condition, restriction or limitation (which may be related
to the performance of the Participant, the Company or any Subsidiary or affiliate), any vesting acceleration or forfeiture waiver regarding any Award and the Shares relating thereto, and the impact on any Award from termination of employment
(whether as a consequence of death, Disability, retirement, action by the Company, action by the Employee or Change of Control) of an Employee, or the termination of services of a consultant, based on such factors as the Committee shall determine;

 (e) To determine the methodology of counting Shares available for grant under the terms of the Plan. 
 (f) To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time, including but not limited to Performance Goals,
unless at the time of establishment of goals the Committee shall have precluded its authority to make such adjustments; and 
 (g) To
determine to what extent and under what circumstances Shares and other amounts payable with respect to an Award shall be deferred. 

 The Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines
and practices governing the Plan as it shall from time to time deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating thereto) and to otherwise supervise the
administration of the Plan. 
 3.3. Action of the Committee. The Committee may, to the fullest extent permitted by law and subject to
such limitations and procedures as may be required by law or as the Committee may deem appropriate, (i) delegate to an officer of the Company the authority to take actions or make decisions pursuant to Section 2(f), Section 3.2,
Section 5.2, and Section 6.4, provided that no such delegation may be made that would cause Awards or other transactions under the Plan to cease either to be exempt from Section 16(b) of the Exchange Act or to qualify as
“qualified performance-based compensation” as such term is defined in the regulations promulgated under Section 162(m) of the Code, and (ii) authorize any one or more of their members or any officer of the Company to execute and
deliver documents on behalf of the Committee. 
 3.4. Decisions Binding. Any determination made by the Committee or pursuant to
delegated authority pursuant to the provisions of the Plan with respect to any Award shall be made in the sole discretion of the Committee or such delegate at the time of the grant of the Award or, unless in contravention of any express term of the
Plan, at any time thereafter. All decisions made by the Committee or any appropriately delegated officer pursuant to the provisions of the Plan shall be final and binding on all persons, including the Company and Plan Participants. 
 ARTICLE 4. Shares Subject to the Plan 
 4.1. Number
of Shares. Subject to adjustment as provided in Section 4.3 herein, the total number of Shares available for grant under the Plan shall be the sum of (x) 2,395,000 and (y) the number of Shares that remain available for issuance
under the Tupperware Corporation 1996 Incentive Plan, the Tupperware Corporation 2000 Incentive Plan and the Tupperware Corporation 2002 Incentive Plan (collectively the “Prior Plans”). The total number of available Shares that may be used
for Stock Options intended to be Incentive Stock Options, under the Plan shall be 2,395,000 Shares, the total number of available shares that may be used for Restricted Stock Awards under the Plan shall be limited to 1,197,500 and the total amount
of available Shares that may be used for Performance Awards under the Plan shall be limited to 1,050,500. No Participant may be granted (i) Stock Options and Freestanding SARs in any one year covering, in the aggregate, in excess of 750,000
Shares, or (ii) Restricted Stock, Restricted Stock Units and Performance Awards in any one year in excess of 250,000 Shares. Shares subject to an Award under the Plan may be authorized and unissued Shares or may be treasury Shares. As of the
Effective Date, the Company shall cease to grant awards under the Tupperware Corporation 1996 Incentive Plan, the Tupperware Corporation 2000 Incentive Plan and the Tupperware Corporation 2002 Incentive Plan (collectively the “Prior
Plans”). Unused Shares available for the grant of awards under the Prior Plans shall be available for the grant of awards under the Plan and shall not be counted for purposes of determining the maximum number of Shares available for delivery
under the Plan except as specified in the first sentence of this Section 4.1., and provided that any such shares shall be limited for use as Restricted Stock Awards under the Plan as they were limited under the Prior Plans. 
 4.2. Lapsed Awards/Withheld Shares. If any Award granted under this Plan or the Prior Plans is cancelled, forfeited, terminates, expires, or
lapses for any reason (with the exception of the termination of a Tandem SAR upon exercise of the related Option or the termination of a related Option upon exercise of the corresponding Tandem SAR), any Shares subject to such Award again shall be
available for the grant of an Award under the Plan. 
 4.3. Adjustments in Authorized Shares and Prices. In the event of any change in
corporate capitalization, such as a stock split, or a corporate transaction, such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such
reorganization comes within the definition of such term in Section 368 of the Code) or any partial or complete liquidation of the Company, the Committee or Board may make such substitution or adjustments in the aggregate number and class of
Shares reserved for issuance under the Plan, in the number, kind and Option Price of Shares subject to outstanding Stock Options or SARs, in the number and kind of Shares subject to other outstanding Awards granted under the Plan or subject to
limitations such as Restricted Stock Awards or Restricted Stock Units or per-Participant maximum awards and/or such other equitable substitution or adjustments as it may determine to be appropriate in its sole discretion; provided,
however, that the number of Shares subject to any Award shall always be a whole number. Such adjusted Option Price shall also be used to determine the amount payable by the Company upon the exercise of any Tandem SAR. Such substitutions and
adjustments may include, without limitation, canceling any and all Awards in exchange for cash payments based upon the value realized by shareholders generally with respect to Shares in connection with such a corporate transaction. 

 ARTICLE 5. Eligibility and Participation 
 5.1. Eligibility. Persons eligible to be granted Awards under this Plan include all Employees of and all consultants to the Company or any of its
Subsidiaries or affiliates, and all prospective Employees of and consultants to the Company or any of its Subsidiaries or affiliates, as determined by the Committee, including Employees who are members of the Board, but excluding Directors who are
not Employees. 
 5.2. Actual Participation. Subject to the provisions of the Plan, the Committee may, from time to time, select from
all eligible Employees and consultants, those to whom Awards shall be granted and shall determine the nature and amount of each Award. 
 ARTICLE 6. Stock
Options 
 6.1. Grant of Options. Stock Options may be granted alone or in addition to other Awards granted under the Plan and may
be of two types: Incentive Stock Options and Non-Qualified Stock Options. Any Stock Option granted under the Plan shall be in such form as the Committee may from time to time approve. The Committee shall have the authority to grant any optionee
Incentive Stock Options, Non-Qualified Stock Options or both types of Stock Options (in each case with or without Stock Appreciation Rights); provided, however, that grants hereunder are subject to the aggregate limit on grants to
individual Participants set forth in Article 4. Incentive Stock Options may be granted only to employees of the Company and any “subsidiary corporation” (as such term is defined in Section 424(f) of the Code). To the extent that
any Stock Option is not designated as an Incentive Stock Option or even if so designated does not qualify as an Incentive Stock Option, it shall constitute a Non-Qualified Stock Option. 
 6.2. Award Agreement. Stock Options shall be evidenced by Award Agreements, the terms and provisions of which may differ. An Award Agreement shall
indicate on its face whether it is intended to be an agreement for an Incentive Stock Option or a Non-Qualified Stock Option. The grant of a Stock Option shall occur on the date the Committee by resolution selects an individual to be a Participant
in any grant of a Stock Option, determines the number of Shares to be subject to such Stock Option to be granted to such individual and specifies the terms and provisions of the Stock Option, or such later date as the Committee designates. The
Company shall notify a Participant of any grant of a Stock Option, and a written Award Agreement or agreements shall be duly executed and delivered by the Company to the Participant. Such agreement or agreements shall become effective upon execution
by the Company and the Participant. 
 6.3. Incentive Stock Options. Notwithstanding any other provision of the Plan, no Incentive
Stock Option may be granted under the Plan after the 10th anniversary of the Effective Date. 
 6.4. Terms and Conditions. Stock Options granted under the Plan shall be subject to the following terms and conditions and shall contain such
additional terms and conditions as the Committee shall deem desirable: 
 (a) Stock Option Price. The Option Price per Share purchasable under a Stock
Option shall be determined by the Committee and set forth in the Award Agreement, and shall not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the date of grant. 
 (b) Option Term. The term of each Stock Option shall be fixed by the Committee, but no Incentive Stock Option shall be exercisable more than 10 years after
the date the Stock Option is granted. 
 (c) Exercisability. Except as otherwise provided herein, Stock Options shall be exercisable at such time or
times and subject to such terms and conditions as shall be determined by the Committee. If the Committee provides that any Stock Option is exercisable only in installments, the Committee may at any time waive such installment exercise provisions, in
whole or in part, based on such factors as the Committee may determine. In addition, the Committee may at any time accelerate the exercisability of any Stock Option. 
 (d) Method of Exercise. Subject to the provisions of this Article 6, Stock Options may be exercised, in whole or in part, at any time during the term of the Stock Option by giving written notice of
exercise to the Company specifying the number of Shares subject to the Stock Option to be purchased. 
 Such notice shall be accompanied by
payment in full of the Option Price by certified or bank check or such other instrument as the Company may accept. Payment, in full or in part, may also be made in the form of delivery of unrestricted Shares already owned by the optionee of the same
class as the Shares subject to the Stock Option (based on the Fair Market Value of the Shares on the date the Stock Option is exercised) and, unless such Shares were acquired in the open market, held for a period of not less than six months prior to
the exercise of the Stock Option, or by certifying ownership of such Shares by the Participant to the satisfaction of the Company for later delivery to the Company as specified by the Committee; provided, however, that, in the case of
an Incentive Stock Option, the right to make a payment in the form of already owned Shares of the same class as the Shares subject to the Stock Option may be authorized only at the time the Stock Option is granted. 

 In the discretion of the Committee and to the extent permitted by applicable law, payment for any Shares
subject to a Stock Option may also be made pursuant to a “cashless exercise” by delivering a properly executed exercise notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company
the amount of sale or loan proceeds to pay the purchase price, and, if requested, the amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures
with one or more brokerage firms. 
 No Shares shall be issued until full payment therefor has been made. An optionee shall have all of the
rights of a stockholder of the Company holding the class or series of Shares that is subject to such Stock Option (including, if applicable, the right to vote the Shares and the right to receive dividends), when the optionee has given written notice
of exercise and has paid in full for such Shares. 
 (e) Restrictions on Share Transferability. The Committee may impose such restrictions on any
Shares acquired pursuant to the exercise of a Stock Option under the Plan as it may deem advisable, including, without limitation, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon
which such Shares are then listed and/or traded, and under any blue sky or state securities laws applicable to such Shares. 
 ARTICLE 7. Stock
Appreciation Rights 
 7.1. Grant of SARs. Subject to the terms and conditions of the Plan, a SAR may be granted to an Employee or
consultant at any time and from time to time as shall be determined by the Committee. The Committee may grant Freestanding SARs, Tandem SARs, or any combination of these forms of SAR. In the case of a Non-Qualified Stock Option, Tandem SARs may be
granted either at or after the time of grant of such Stock Option. In the case of an Incentive Stock Option, Tandem SARs may be granted only at the time of grant of such Stock Option. 
 The Committee shall have complete discretion in determining the number of SARs granted to each Participant (subject to the aggregate limit on grants to
individual Participants set forth in Article 4) and, consistent with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs. However, the grant price of a Freestanding SAR shall be at least equal to the Fair
Market Value of a Share on the date of grant of the SAR. The grant price of Tandem SARs shall equal the Option Price of the related Option. SARs may not be repriced without stockholder approval. 
 7.2. Exercise of Tandem SARs. Tandem SARs may be exercised for all or part of the Shares subject to the related Option upon the surrender of the
right to exercise the equivalent portion of the related Option. A Tandem SAR shall terminate and no longer be exercisable upon the termination or exercise of the related Stock Option. A Tandem SAR may be exercised only with respect to the Shares for
which its related Option is then exercisable. 
 Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem
SAR granted in connection with an ISO: (i) the Tandem SAR will expire no later than the expiration of the underlying ISO; (ii) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent
(100 percent) of the difference between the Option Price of the underlying ISO and the Fair Market Value of the Shares subject to the underlying ISO at the time the Tandem SAR is exercised; and (iii) the Tandem SAR may be exercised
only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price of the ISO. 
 7.3. Exercise of Freestanding
SARs. Subject to the other provisions of this Article 7, Freestanding SARs may be exercised upon whatever terms and conditions the Committee, at its sole discretion, imposes upon them. 
 7.4. SAR Agreement. Each SAR grant shall be evidenced by an Award Agreement that shall specify the grant price, the term of the SAR, and such
other provisions as the Committee shall determine. 
 7.5. Term of SARs. The term of a SAR granted under the Plan shall be determined
by the Committee, at its sole discretion; provided, however, that such term shall not exceed ten (10) years. 
 7.6.
Payment of SAR Amount. Upon exercise of a SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying: 
 (a) The excess of the Fair Market Value of a Share on the date of exercise over the grant price of the SAR; by 

 (b) The number of Shares with respect to which the SAR is exercised. 
 At the discretion of the Committee, the payment upon SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof. 
 7.7. Rule 16-3 Requirements. Notwithstanding any other provision of the Plan, the Committee may impose such conditions on exercise of a SAR
(including, without limitation, the right of the Committee to limit the time of exercise to specified periods) as may be required to satisfy the requirements of any rule or interpretation promulgated under Section 16 (or any successor rule) of
the Exchange Act. 
 ARTICLE 8. Restricted Stock 
 8.1. Administration. Shares of Restricted Stock may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall determine the Employees and consultants to whom and the time or times at which
grants of Restricted Stock will be awarded, the number of Shares to be awarded to any Participant (subject to the aggregate limit on grants to individual Participants set forth in Article 4), the conditions for vesting, the time or times within
which such Awards may be subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 8.3. 
 The Committee may, prior to grant, condition the vesting of Restricted Stock upon continued service of the Participant. The provisions of Restricted Stock Awards need not be the same with respect to each recipient.

 8.2. Awards and Certificates. Shares of Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate,
including book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of Shares of Restricted Stock shall be registered in the name of such Participant and shall bear an appropriate legend referring to
the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 
 “The sale or other transfer of
the Shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer as set forth in the Tupperware Brands Corporation 2006 Incentive Plan, and in an Award
Agreement. A copy of the Plan and such Award Agreement may be obtained from Tupperware Brands Corporation.” 
 The Committee may require
that the certificates evidencing such Shares be held in custody by the Company until the restrictions thereon shall have lapsed and that, as a condition of any Award of Restricted Stock, the Participant shall have delivered a stock power, endorsed
in blank, relating to the Common Stock covered by such Award. 
 8.3. Terms and Conditions. Shares of Restricted Stock shall be
subject to the following terms and conditions: 
 (a) Subject to the provisions of the Plan and the Award Agreement referred to in
Section 8.3(d), during the Restricted Period, the Participant shall not be permitted to sell, assign, transfer, pledge or otherwise encumber Shares of Restricted Stock. Within these limits, the Committee may provide for the lapse of
restrictions based upon period of service in installments or otherwise and may accelerate or waive, in whole or in part, restrictions based upon period of service. 
 (b) Except as provided in this paragraph (b) and paragraph (a), above, and the Award Agreement, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a stockholder
of the Company holding the class or series of Shares that is the subject of the Restricted Stock, including, if applicable, the right to vote the Shares and the right to receive any cash dividends. Dividends payable in Shares and other non-cash
dividends and distributions shall be held subject to the vesting of the underlying Restricted Stock, unless the Committee determines otherwise in the applicable Award Agreement or makes an adjustment or substitution to the Restricted Stock pursuant
to Section 4.3 in connection with such dividend or distribution. 
 (c) If and when any applicable Restriction Period expires without a
prior forfeiture of the Restricted Stock, unlegended certificates for such Shares shall be delivered to the Participant upon surrender of the legended certificates. 
 (d) Each Award shall be confirmed by, and be subject to, the terms of an Award Agreement. 

 ARTICLE 9. Restricted Stock Units 
 9.1. Nature of Award. Restricted Stock Units are Awards denominated in Shares that will be settled, subject to the terms and conditions of the Restricted Stock Units, either by delivery of Shares to the
Participant or by the payment of cash based upon the Fair Market Value of a specified number of Shares. Restricted Stock Units may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall determine the
Employees and consultants to whom and the time or times at which grants of Restricted Stock Units will be awarded, the number of Shares to be awarded to any Participant, the conditions for vesting, the time or times within which such Awards may be
subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 9.2. 
 9.2. Terms
and Conditions. The Committee may, in connection with the grant of Restricted Stock Units, designate them as Performance Awards, in which event it shall condition the vesting thereof upon the attainment of Performance Goals. If the Committee
does not designate Restricted Stock Units as Performance Awards, it may also condition the vesting thereof upon the attainment of Performance Goals. Regardless of whether Restricted Stock Units are Performance Awards, the Committee may also
condition the vesting thereof upon the continued service of the Participant. The applicable Award Agreement shall specify the consequences for the Restricted Stock Units of the Participant’s termination of employment. An Award of Restricted
Stock Units shall be settled as and when the Restricted Stock Units vest or at a later time specified by the Committee or in accordance with an election of the Participant, if the Committee so permits. Restricted Stock Units may not be sold,
assigned, transferred, pledged or otherwise encumbered until they are settled, except to the extent provided in the applicable Award Agreement in the event of the Participant’s death. The Award Agreement for Restricted Stock Units shall specify
whether, to what extent and on what terms and conditions the applicable Participant shall be entitled to receive current or deferred payments of cash, Common Stock or other property corresponding to the dividends payable on the Common Stock (subject
to Section 21.3 below). 
 ARTICLE 10. Performance Awards 
 10.1. Grant of Performance Awards. Subject to the terms of the Plan, Performance Awards may be granted to eligible Employees and consultants at any time and from time to time, as shall be determined by the
Committee, and may be granted either alone or in addition to other Awards granted under the Plan. The Committee shall have complete discretion in determining the number, amount and timing of Awards granted to each Participant. Such Performance
Awards may take the form determined by the Committee, including without limitation, cash, Shares, Performance Units and Performance Shares, or any combination thereof. Performance Awards may be awarded as short-term or long-term incentives.

 10.2. Performance Goals. 
 (a) The Committee shall set Performance Goals at its discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Awards that will be paid out to the Participants, and may attach to
such Performance Awards one or more restrictions, including, without limitation, a requirement that Participants pay a stipulated purchase price for each Performance Share, or restrictions which are necessary or desirable as a result of applicable
laws or regulations. Each Performance Award may be confirmed by, and be subject to, an Award Agreement. 
 (b) The Committee shall have the
authority at any time to make adjustments to Performance Goals for any outstanding Performance Awards which the Committee deems necessary or desirable unless at the time of establishment of goals the Committee shall have precluded its authority to
make such adjustments. 
 10.3. Value of Performance Units/Shares. 
 (a) Each Performance Unit shall have an initial value that is established by the Committee at the time of grant. 
 (b) Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. 
 10.4. Earning of Performance Awards. After the applicable Performance Period has ended, the holder of any Performance Award shall be entitled to
receive the payout earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Goals have been achieved, except as adjusted pursuant to Section 10.2(b) or as
deferred pursuant to Article 13. 

 10.5. Timing of Payment of Performance Awards. Payment of earned Performance Awards shall be made
in accordance with terms and conditions prescribed or authorized by the Committee. The Committee may permit the Participants to elect to defer or the Committee may require the deferral of, the receipt of Performance Awards upon such terms as the
Committee deems appropriate. 
 ARTICLE 11. Other Stock-Based Awards 
 Other Awards of Common Stock and other Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including (without limitation) dividend equivalents and convertible
debentures, may be granted under the Plan. 
 ARTICLE 12. Beneficiary 
 12.1. Designation. Each Participant under the Plan may, from time to time, name any Beneficiary or Beneficiaries (who may be named contingently or successively). Each such designation shall revoke all prior
designations by the same Participant, shall be in a form prescribed by the Company, and shall be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. Any such designation shall control over
any inconsistent testamentary or inter vivos transfer by a Participant, and any benefit of a Participant under the Plan shall pass automatically to a Participant’s Beneficiary pursuant to a proper designation pursuant to this
Section 12.1 without administration under any statute or rule of law governing the transfer of property by will, trust, gift or intestacy. 
 12.2. Absence of Designation. In the absence of any such designation contemplated by Section 12.1, benefits remaining unpaid at the Participant’s death shall be paid pursuant to the Participant’s will or pursuant to
the laws of descent and distribution. 
 ARTICLE 13. Deferrals 
 13.1. Deferrals. The Committee may permit a Participant to elect, or the Committee may require at its sole discretion subject to the proviso set forth below, any one or more of the following: (i) the
deferral of the Participant’s receipt of cash, (ii) a delay in the exercise of an Option or SAR, (iii) a delay in the lapse or waiver of restrictions with respect to Restricted Stock, or (iv) a delay of the satisfaction of any
requirements or goals with respect to Performance Awards; provided, however, the Committee’s authority to take such actions hereunder shall exist only to the extent necessary to reduce or eliminate a limitation on the
deductibility of compensation paid to the Participant pursuant to (and so long as such action in and of itself does not constitute the exercise of impermissible discretion under) Section 162(m) of the Code, or any successor provision
thereunder. If any such deferral is required or permitted, the Committee shall establish rules and procedures for such deferrals, including provisions relating to periods of deferral, the terms of payment following the expiration of the deferral
periods, and the rate of earnings, if any, to be credited to any amounts deferred thereunder. 
 13.2. Section 409A.
Notwithstanding the foregoing, if any deferral permitted by this Plan or an Award Agreement or any distribution of an Award pursuant to the terms of this Plan or an Award Agreement would subject a Participant to tax under Section 409A of the
Code, the Company shall modify the Plan or applicable Award Agreement in the least restrictive manner necessary in order to comply with the provisions of Section 409A, other applicable provision(s) of the Code and/or any rules, regulations or
other regulatory guidance issued under such statutory provisions and, in each case, without any material diminution in the value of the payments to an affected Participant. 
 ARTICLE 14. Rights of Employees and Consultants 
 14.1. Employment. Nothing in the Plan shall
interfere with or limit in any way the right of the Company to terminate any Participant’s employment or status as a consultant at any time, nor confer upon any Participant any right to continue in the employ of the Company or any of its
Subsidiaries or affiliates or to continue as a consultant. For purposes of the Plan, transfer of employment of a Participant between the Company and any one of its Subsidiaries and affiliates (or between Subsidiaries and affiliates) shall not be
deemed a termination of employment. However, if a Subsidiary or affiliate of the Company ceases to be a Subsidiary or affiliate, any Participant who is no longer employed by or a consultant to the Company or one of its remaining Subsidiaries and
affiliates following such event shall be considered to have terminated his or her employment or consultancy, notwithstanding any continued employment or consultancy with such former Subsidiary or affiliate. 

 14.2. Participation. No Employee or consultant shall have the right to be selected to receive an
Award under this Plan, or, having been so selected, to be selected to receive a future Award. 
 ARTICLE 15. Change of Control 
 15.1. Treatment of Outstanding Awards. Upon the occurrence of a Change of Control, unless otherwise specifically prohibited under applicable laws,
or by the rules and regulations of any governing governmental agencies or national security exchanges, or unless the Committee shall determine otherwise in the applicable Award Agreement: 
 (a) Any and all Options and SARs granted hereunder shall become immediately exercisable, and shall remain exercisable throughout their entire original
term, without regard to any subsequent termination of employment or consulting agreement; 
 (b) Any restriction periods and restrictions
imposed on Restricted Stock that is not performance-based shall lapse; 
 (c) All Restricted Stock Units shall be considered to be earned and
payable in full, and such Restricted Stock Units shall be settled in cash as promptly as is practicable; and 
 (d) The maximum payout
opportunities attainable under all outstanding Awards of performance-based Restricted Stock, performance-based Restricted Stock Units, Performance Units, Performance Shares, and cash-based Awards shall be deemed to have been fully earned for the
entire Performance Period(s) as of the effective date of the Change of Control. The vesting of all Awards denominated in Shares shall be accelerated as of the effective date of the Change of Control, and there shall be paid out to Participants in
cash within ten (10) days following the effective date of the Change of Control the value of such Shares in an amount equal to the product of the number of such Shares and the Fair Market Value per Share determined immediately prior to the
Change of Control, based upon an assumed achievement of all relevant maximum performance goals. Awards denominated in cash shall be paid to Participants in cash within ten (10) days following the effective date of the Change of Control based
upon assumed achievement of all relevant maximum performance goals. 
 15.2. Termination, Amendment, and Modifications of
Change-of-Control Provisions. Notwithstanding any other provision of this Plan or any Award Agreement provision, the provisions of this Article 15 may not be terminated, amended, or modified in any manner that adversely affects any
then-outstanding Award without the prior written consent of the Participant if such action is taken (a) on or after the date of a Change of Control or (b) at the request of a party seeking to effectuate a Change of Control or otherwise in
anticipation of a Change of Control. 
 ARTICLE 16. Term, Amendment, Modification, and Termination 
 16.1. Amendment, Modification, and Termination. Except as specifically provided in Section 15.2, at any time and from time to time, the Board
may terminate, amend, or modify the Plan. However, without the approval of the stockholders of the Company, no such amendment or modification may: 
 (a) Increase the total number of Shares which may be issued under this Plan, except as provided in Article 4 hereof; or 
 (b)
Modify the eligibility requirements; or 
 (c) Materially increase the benefits accruing under the Plan. 
 16.2. Awards Previously Granted. Notwithstanding the foregoing, prior to a Change of Control, the Committee shall have the right to replace any
previously granted Award under the Plan with an Award equal to the value of the replaced Award at the time of replacement, as determined by the Committee in its sole discretion, without obtaining the consent of the Participant holding such Award;
provided, however, that notwithstanding the foregoing or the terms of any Award Agreement provision, the Committee shall not modify the Option Price of an Award (reprice a Stock Option) or issue new Options in exchange for the
surrender of outstanding Options without stockholder approval; and provided, further, that no such replacement shall deprive the Participant of any rights he or she may have pursuant to Article 15, which shall apply to the
replacement Award to the same extent as to the replaced Award. 
 16.3. Changes in Law and Tax Accounting. Notwithstanding the
provisions of Sections 16.1 and 16.2, the Board shall have authority to amend the Plan to take into account changes in law and tax and accounting rules as well as other developments, and to grant Awards which qualify for beneficial treatment under
such rules without stockholder approval. 

 ARTICLE 17. Withholding 
 17.1. Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes
(including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event arising under or as a result of this Plan. 
 17.2. Share Withholding. With respect to withholding required and/or permitted upon the exercise of Options or SARs, upon the lapse of restrictions on Restricted Stock, or upon any other taxable event
hereunder, Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares (or by surrendering Shares previously owned which have been held for
longer than six months or purchased in the open market) having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All elections shall be irrevocable, made
in writing, signed by the Participant, and elections by Insiders shall additionally comply with the requirements established by the Committee. 
 ARTICLE
18. Successors 
 All obligations of the Company under the Plan, with respect to Awards granted hereunder, shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, spin-off, or otherwise, of all or substantially all of the business and/or assets of the Company. 
 ARTICLE 19. Nontransferability of Awards. 
 Unless
otherwise determined by the Committee, no Award shall be transferable (either by sale, pledge, assignment, gift, or other alienation or hypothecation) by a Participant other than by will or by application of the laws of descent and distribution;
provided, however, no Award may be transferred for value (as defined in the General Instructions to Form S-8). 
 ARTICLE 20. Unfunded Status of Plan

 It is presently intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee
may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however, that unless the Committee otherwise determines, the existence of such
trusts or other arrangements shall be consistent with the “unfunded” status of the Plan. 
 ARTICLE 21. Miscellaneous 
 21.1. Subsidiary Employees. In the case of a grant of an Award to an employee or consultant of any Subsidiary of the Company, the Company may, if
the Committee so directs, issue or transfer the shares of Common Stock, if any, covered by the Award to the Subsidiary, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Subsidiary will transfer
the shares of Common Stock to the employee or consultant in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are forfeited or canceled should
revert to the Company. 
 21.2. Foreign Employees and Foreign Law Considerations. The Committee may grant Awards to individuals who
are eligible to participate in the plan who are foreign nationals, who are located outside the United States or who are not compensated from a payroll maintained in the United States, or who are otherwise subject to (or could cause the Company to be
subject to) legal or regulatory provisions of countries or jurisdictions outside the United States, on such terms and conditions different from those specified in the Plan as may, in the judgment of the Committee, be necessary or desirable to foster
and promote achievement of the purposes of the Plan, and, in furtherance of such purposes, the Committee may make such modifications, amendments, procedures, or subplans as may be necessary or advisable to comply with such legal or regulatory
provisions. 
 21.3. Limitation on Dividend Reinvestment and Dividend Equivalents. Reinvestment of dividends in additional Restricted
Stock at the time of any dividend payment, and the payment of Shares with respect to dividends to Participants holding Awards of Restricted Stock Units, shall only be permissible if sufficient Shares are available under Section 4 for such
reinvestment (taking into account then outstanding Options and other Awards). 

 ARTICLE 22. Legal Construction 
 22.1. Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall include the
plural. 
 22.2. Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality
or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 
 22.3. Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or
national securities exchanges as may be required. With respect to Insiders, transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent any provision
of the Plan or action by the Committee fails to comply with this Section 22.3, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee. 
 Notwithstanding any other provision of the Plan or agreements made pursuant thereto, the Company shall not be required to issue or deliver any
certificate or certificates for Shares or uncertificated forms of Shares under the Plan prior to fulfillment of all of the following conditions: 
 (a) Listing or approval for listing upon notice of issuance, of such Shares on the New York Stock Exchange, Inc., or such other securities exchange as may at the time be the principal market for the Shares; 
 (b) Any registration or other qualification of such Shares under any state or federal law or regulation, or the maintaining in effect of any such
registration or other qualification which the Committee shall, in its absolute discretion upon the advice of counsel, deem necessary or advisable; and 
 (c) Obtaining any other consent, approval, or permit from any state or federal governmental agency which the Committee shall, in its absolute discretion after receiving the advice of counsel, determine to be necessary
or advisable. 
 22.4. Governing Law. To the extent not preempted by federal law, the Plan, and all agreements hereunder, shall be
construed in accordance with and governed by the laws of the State of Delaware.

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