Document:

Exhibit
4.1

 

Description
of Company Securities

 

The
total number of shares of all classes of stock that we have authority to issue is 120,000,000, consisting of 100,000,000 shares
of common stock, par value $.001 per share, and 20,000,000 shares of preferred stock, par value $.001 per share.

 

Common
Stock

 

Voting
rights. Holders of common stock are entitled to one vote per share on any matter to be voted upon by shareholders. All shares
rank equally as to voting and all other matters. The shares of common stock have no preemptive or conversion rights, no redemption
or sinking fund provisions, are not liable for further call or assessment and are not entitled to cumulative voting rights.

 

Dividend
rights. For as long as such stock is outstanding, the holders of common stock are entitled to receive ratably any dividends
when and as declared from time to time by our board of directors out of funds legally available for dividends. We currently intend
to retain all future earnings for the operation and expansion of our business and do not anticipate paying cash dividends on the
common stock in the foreseeable future.

 

Liquidation
rights. Upon a liquidation or dissolution of our company, whether voluntary or involuntary, creditors will be paid before
any distribution to holders of our common stock. After such distribution, holders of common stock are entitled to receive a pro
rata distribution per share of any excess amount.

 

Preferred
Stock

 

Our
articles of incorporation authorizes our board of directors, subject to any limitations prescribed by law, without further stockholder
approval, to establish and to issue from time to time one or more classes or series of preferred stock, par value $0.001 per share,
covering up to an aggregate of 20,000,000 shares of preferred stock. Each class or series of preferred stock will cover the number
of shares and will have preferences, voting powers, qualifications and special or relative rights or privileges determined by
the board of directors, which may include, among others, dividend rights, liquidation preferences, voting rights, conversion rights,
preemptive rights and redemption rights.

 

Anti-Takeover
Provisions in Our Articles of Incorporation and Bylaws

 

Our
articles of Incorporation and bylaws include a number of provisions that may have the effect of encouraging persons considering
unsolicited tender offers or other unilateral takeover proposals to negotiate with our board of directors rather than pursue non-negotiated
takeover attempts. These provisions include the items described below.

 

Removal
of directors and filling board vacancies. Our bylaws provide that directors may be removed with or without cause by the affirmative
vote of the holders of a majority of the voting power of all the outstanding shares of capital stock entitled to vote generally
in the election of directors voting together as a single class. Furthermore, any vacancy on our board of directors, however occurring,
including a vacancy resulting from an increase in the size of our board, may be filled by the affirmative vote of a majority of
the shareholders, or by a majority of our directors then in office even if less than a quorum.

 

Meetings
of shareholders. Our bylaws (a) provide that only those matters set forth in the notice of the special meeting may be considered
or acted upon at a special meeting of shareholders, and (b) limit the business that may be conducted at an annual meeting of shareholders
to those matters properly brought before the meeting.

 

Advance
notice requirements. Our bylaws establish advance notice procedures with regard to shareholder proposals relating to the nomination
of candidates for election as directors or new business to be brought before meetings of our shareholders. These procedures provide
that notice of shareholder proposals must be timely given in writing to our corporate secretary prior to the meeting at which
the action is to be taken. Generally, to be timely, notice must be received at our principal executive offices not earlier than
the close of business on the 120th day, nor later than the close of business on the 90th day, prior to the first anniversary date
of the annual meeting for the preceding year. The notice must contain certain information specified in the bylaws.

 

    	 

    	 

    

 

Amendment
to Bylaws and Articles of Incorporation. Except as otherwise required by Utah law, any amendment of our articles of incorporation
must first be approved by a majority of our board of directors and thereafter be approved by a majority vote of the outstanding
shares entitled to vote on the amendment, and a majority of the outstanding shares of each class entitled to vote thereon as a
class, except that the amendment of the provisions relating to shareholder action, directors, indemnification and the amendment
of our bylaws and articles of incorporation must be approved by no less than 66 2/3% of the voting power of all of the shares
of capital stock issued and outstanding and entitled to vote generally in any election of directors, voting together as a single
class. Our bylaws may be amended by the affirmative vote of a majority vote of the directors then in office, subject to certain
limitations set forth in the bylaws; and may also be amended by the affirmative vote of at least a majority of the voting power
of all of the shares of capital stock issued and outstanding and entitled to vote generally in any election of directors, voting
together as a single class.

 

Blank
check preferred stock. The existence of our authorized but unissued shares of preferred stock may enable our board of directors
to make it more difficult or discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest,
or otherwise. For example, if in the due exercise of its fiduciary obligations, our board of directors were to determine that
a takeover proposal is not in the best interests of us or our shareholders, our board of directors could cause shares of preferred
stock to be issued without shareholder approval in one or more private offerings or other transactions that might dilute the voting
or other rights of the proposed acquirer or insurgent shareholder or shareholder group. The issuance of shares of preferred stock
could decrease the amount of earnings and assets available for distribution to holders of our common stock or other classes of
preferred stock. The issuance may also adversely affect the rights and powers, including voting rights, of these holders and may
have the effect of delaying, deterring, or preventing a change in control.

 

Utah
Control Shares Acquisition Act

 

We
are organized under Utah law. Some provisions of Utah law may delay or prevent a transaction that would cause a change in our
control. Under our articles of incorporation we have opted that Section 61-6-1, et seq. of the Utah Code Annotated, as amended,
an anti-takeover law commonly referred to as the Control Shares Acquisition Act, will not apply to us.

 

Other
Provisions of Our Articles of Incorporation and Bylaws

 

Our
articles of incorporation provides that, subject to the rights of any issued preferred stock, our board of directors will be a
staggered board of directors consisting of different terms designated as Class I, Class II and Class III, respectively. We believe
that classification of our board of directors will help to assure the continuity and stability of our business strategies and
policies as determined by our board of directors.

 

Since
there is no cumulative voting in the election of directors, this classified board provision could have the effect of making the
replacement of incumbent directors more time consuming and difficult. At least two annual meetings of shareholders, instead of
one, will generally be required to effect a change in a majority of our board of directors. Thus, the classified board provision
could increase the likelihood that incumbent directors will retain their positions. The staggered terms of directors may delay,
defer or prevent a tender offer or an attempt to change control of us, even though a tender offer or change in control might be
believed by our shareholders to be in their best interest. Pursuant to our articles of incorporation, shares of our preferred
stock may be issued from time to time, and the board of directors is authorized to determine and alter all rights, preferences,
privileges, qualifications, limitations and restrictions without limitation, which could impact the ability to remove directors
as currently contemplated.

 

Ability
of Our Shareholders to Act

 

Our
bylaws provide that any shareholder or shareholders holding at least 10% of the total voting power may call special shareholders
meetings. Written notice of any special meeting so called shall be given to each shareholder of record entitled to vote at such
meeting not less than 10 or more than 60 days before the date of such meeting, unless otherwise required by law.

 

    	 

    	 

    

 

Our
bylaws provide that nominations of persons for election to our board of directors may be made at any annual meeting of our shareholders,
or at any special meeting of our shareholders called for the purpose of electing directors, (a) by or at the direction of our
board of directors or (b) by any of our shareholders.

 

In
addition to any other applicable requirements, for a nomination to be properly brought by a shareholder, such shareholder must
have given timely notice thereof in proper written form to our Secretary. To be timely, a shareholder’s notice must be delivered
to or mailed and received at our principal executive offices (a) in the case of an annual meeting of shareholders, not less than
90 days nor more than 120 days prior to the anniversary date of the immediately preceding annual meeting of shareholders; provided,
however, that if the annual meeting is called for a date that is not within 30 days before or after such anniversary date, notice
by a shareholder in order to be timely must be so received not later than the close of business on the tenth day following the
day on which such notice of the date of the annual meeting was mailed or such public disclosure of the date of the annual meeting
was made, whichever first occurs; and (b) in the case of a special meeting of our shareholders called for the purpose of electing
directors, not later than the close of business on the tenth day following the day on which notice of the date of the special
meeting was mailed or public disclosure of the date of the special meeting was made, whichever first occurs.

 

Our
bylaws provide that no business may be transacted at any annual meeting of our shareholders, other than business that is either
(a) specified in the notice of meeting given by or at the direction of our board of directors, (b) otherwise properly brought
before the annual meeting by or at the direction of our board of directors or (c) otherwise properly brought by any of our shareholders.
In addition to any other applicable requirements, for business to be properly brought before an annual meeting by a shareholder,
such shareholder must have given timely notice thereof in proper written form to our Secretary. To be timely, a shareholder’s
notice must be delivered to or mailed and received at our principal executive offices not less than 90 days nor more than 120
days prior to the anniversary date of the immediately preceding annual meeting of shareholders; provided, however, that if the
annual meeting is called for a date that is not within 30 days before or after such anniversary date, notice by a shareholder
in order to be timely must be so received not later than the close of business on the tenth day following the day on which such
notice of the date of the annual meeting was mailed or such public disclosure of the date of the annual meeting was made, whichever
first occurs.

 

Limitations
of Director Liability and Indemnification of Directors, Officers, and Employees

 

Our
articles of incorporation provide that to the fullest extent permitted by the bylaws or the Utah Revised Business Corporation
Act, or the Act, or any other applicable law, as either may be amended, a director shall have no liability to the us or our shareholders
for monetary damages for conduct, any action taken, or any failure to take any action as a director. As permitted by the Act,
directors will not be personally liable to us or our shareholders for monetary damages as a director except liability for (a)
the amount of a financial benefit received by a director to which he’s not entitled; (b) an intentional infliction of harm
on the corporation or its shareholders; (c) an unlawful distribution in violation of Section 16-10a-842 of the Act; or (d) an
intentional violation of criminal law.

 

These
limitations of liability do not alter director liability under the federal securities laws and do not affect the availability
of equitable remedies, such as an injunction or rescission.

 

In
addition, our bylaws provide that:

 

	 	●	we
    will indemnify our directors to the fullest extent permitted by the Act, including advancing expenses in connection with legal
    proceedings, subject to limited exceptions;
	 	 	 
	 	●	the
    corporation may, to the extent permitted by the Act, by action of its board of directors, agree to indemnify officers, employees
    and other agents of the corporation and may advance expenses to such persons.

 

We
have entered into indemnification agreements with each of our executive officers and directors. These agreements provide that,
subject to limited exceptions and among other things, we will indemnify each of our executive officers and directors to the fullest
extent permitted by law and advance expenses to each indemnity in connection with any proceeding in which a right to indemnification
is available.

 

    	 

    	 

    

 

We
also maintain general liability insurance that covers certain liabilities of our directors and officers arising out of claims
based on acts or omissions in their capacities as directors or officers, including liabilities under the Securities Act. Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, or persons who control
our company, we have been informed that in the opinion of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Securities Act and is therefore unenforceable.

 

These
provisions may discourage shareholders from bringing a lawsuit against our directors for breach of their fiduciary duty, or may
have the practical effect in some cases of eliminating our shareholders’ ability to collect monetary damages from our directors
and executive officers. These provisions may also have the effect of reducing the likelihood of derivative litigation against
directors and officers, even though such an action, if successful, might otherwise benefit us and our shareholders. Furthermore,
a shareholder’s investment may be adversely affected to the extent we pay the costs of settlement and damage awards against
directors and officers pursuant to these indemnification provisions. We believe that these provisions, the indemnification agreements
and the insurance are necessary to attract and retain talented and experienced directors and officers.

 

At
present, there is no pending litigation or proceeding involving any of our directors or officers where indemnification will be
required or permitted. We are not aware of any threatened litigation or proceedings that might result in a claim for such indemnification.

 

Listing

 

Our
common stock is listed for quotation on the NYSE MKT under the symbol “SDPI.”

 

Transfer
Agent and Registrar

 

VStock
Transfer is transfer agent and registrar for our common stock.EX-10.1

 
  
 
 
  
 Exhibit 10.1
  
 General Mills Separation Pay and Benefits Program for Officers
 
 

Introduction

 This
document sets forth the Separation Pay and Benefits Program for Officers (the “Program”) of General Mills, Inc. (the “Company”).  The provisions of the Program are set forth in two independent component plans.  Plan A formalizes the Company’s normal severance practices for officers,
and Plan B sets forth certain provisions that apply to terminations of employment of certain officers following a Change of Control (as defined herein).  

The Program serves as the umbrella
document governing severance policies of the Company.  However, each of Part A and Part B, as subplans of the Program, constitute independent employee benefit plans and shall be treated for purposes of the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”), as distinct plans.  

 The Program
supersedes any severance plans, policies and/or practices with respect to Participants (as defined in Plan A) and Change of Control Participants (as defined in Plan B). 

The Program was amended and restated
generally effective as of January 1, 2020.
    
1 
 

 
 
 

Plan
A
 ARTICLE I
 PURPOSE 
 This Plan A is intended to formalize the Company’s separation pay and benefits policy.  The purpose of this Plan A is to provide transitional pay and benefits for a limited
period of time to certain terminated employees who are officers.  The Company reserves the right to amend or terminate this Plan A by action of the Committee in accordance with the amendment and termination provisions set forth below. 

 ARTICLE II

DEFINITIONS
 As
used in this Plan A, the following words and phrases shall have the following respective meanings (unless the context clearly indicates otherwise):

2.1               Administrator.  The
Company.
 2.2             
 Affiliate.  An Affiliate of the Company shall mean any company controlled by, controlling, or under common control with, the Company.

2.3               Annual Base Salary.  With respect to a
Participant, the annual base salary in effect immediately prior to such Participant’s Date of Termination.  

2.4               Cause.  With respect to any Participant, any
definition of “Cause” set forth in an employment, severance, or similar agreement between such Participant and the Company (or an Affiliate thereof), or, if no such definition exists, the occurrence of any of the
following:

(a)                the Participant’s conviction of, or plea of guilty or no contest with respect to, a felony;
 (b)           
     the improper disclosure by the Participant of proprietary information or trade secrets of the Company
and its Affiliates;
 (c)              
 willful failure to perform, or negligent performance of, one’s employment duties;

(d)                the falsification by the Participant of any records or documents of the Company and its Affiliates;

(e)                the willful misconduct, misappropriation, breach of fiduciary duty, fraud, or embezzlement of the Participant with regard to the Company and its Affiliates;

(f)                 the violation by the Participant of any employment rules, policies (including the Company’s Code of Conduct) or procedures of the Company and its Affiliates;
or

(g)                any intentional or gross misconduct of the Participant that injures the business or reputation of the Company and its Affiliates.

2.5               Change of Control.  As defined in Plan
B.

2.6               Code.  The Internal Revenue Code of 1986, as
amended from time to time.
 2.7             
 Committee.  The Compensation Committee of the Board, or its delegate.

 
 
2 
 

 
 
 
 2.8           
    Company.  As defined in the preamble and in Section 6.2 of this Plan A.

2.9               Comparable Job.  A job offering (i) no
reduction in base salary of more than 10%, (ii) no reduction in the annual cash compensation opportunity (i.e., base salary plus target bonus) of more than 10% (iii) no material adverse reduction in duties and responsibilities, and (iv) no
requirement of relocation to a job location more than 50 miles from the Participant’s then-current job location.
 2.10         
 Date of Termination.  The applicable Participant’s last day of active employment (or last day of Leave of Absence), as designated by the Company.  

2.11         
 Incentive Plan.  The Company’s Executive Incentive Plan, or other specifically applicable formal incentive bonus plan maintained by the Company, an Affiliate, or another entity
in which the Company has a significant equity interest, or any such predecessor or successor plan.
 2.12         
 Interest.  Interest on the applicable delayed payment equal to the “prime rate” (as reported in the Wall Street Journal on the Date of Termination) plus 1%, which
interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed from and including the Date of Termination through, but excluding, the date of payment. 

2.13         
 Leave of Absence.  Any absence from work authorized by the Company or an Affiliate thereof, whether paid or unpaid, including but not limited to, absences because of bereavement,
extended care of a family member, personal emergencies, sick time, disability (short-term or long-term), education, vacation, sabbatical, worker’s compensation, jury duty and active military service.  The duration of the applicable Leave
of Absence, including the date when the Participant is required to return to his or her active duties, shall be determined in the Company’s sole discretion, subject to applicable legal requirements.

2.14         
 Multiple.  With respect to any Participant, such Participant’s “Multiple” shall be the number so designated on Appendix A of this Plan A.  A Multiple may
be either a whole number or a fractional number. 
 2.15           Participant. 
Any employee of the Company and its Affiliates at the level of Vice President or above who are designated by the Company as Officers, and any other employees of the Company and its Affiliates designated as Participants on Appendix A of this Plan
A.

2.16         
 Section 409A.  Section 409A of the Code.
 2.17         
 Separation Benefits.  The amounts and benefits payable or required to be provided in accordance with Section 4.3 of this Plan A.

2.18     Target Bonus.  The amount of money a Participant would be paid under the Company’s Incentive Plan at the “target” level for the fiscal year in which an involuntary
termination occurs.
 ARTICLE III

ELIGIBILITY
 3.1             
 Participation.  A Participant shall cease to be a Participant in this Plan A if such Participant ceases to be employed by the Company and its Affiliates under circumstances not entitling such Participant to Separation Benefits or if such Participant ceases to be employed by the
Company and its Affiliates at the officer level of Vice President or above.
 3.2             
 No Termination of Participation Following Termination Entitling Participant to Benefits Under Plan.  Notwithstanding Section 3.1 of this Plan A, a Participant who is entitled, as a result of a cessation of employment while a Participant, to
receive benefits under this Plan A, shall remain a Participant in this Plan A 
 
3 
 

 
 
 
 (and shall not be subject to a reduction of such Participant’s Multiple) until the amounts and benefits payable under this Plan A have been
paid or provided to such Participant in full.
 3.3       Special Rules for Non-U.S.
Participants.  The following provisions apply to Participants whose primary place of employment is outside the United States (“Non-U.S.
Participants”):
  

(a)        The intent of the Plan is to
cover all Company employees who come within the definition of Participant whether or not their primary place of employment is in the United States.  For purposes of clarification, Non-U.S. Participants must be officers of the Company, as solely
determined in the discretion of the Company on its corporate books, in addition to having the title of Vice President or above.
  
 (b)        The Company’s intent is to provide Non-U.S. Participants the same levels and amounts of benefits as other Participants, but not
more than other Participants would be entitled to under the Plan.  It is acknowledged that certain Non-U.S. Participants may be covered by laws outside the U.S., including national, provincial, and/or local laws, governing the employment
relationship between said Participants and the Company.  It is further acknowledged that Non-U.S. Participants may have individual or collective employment agreements that contain applicable employment separation provisions.  However, in
no case shall the Company pay any amounts, or provide any benefits, which are related in any manner to a Participant’s separation of employment from the Company, greater than the amounts or in addition to the benefits or coverages, otherwise
provided for under the Plan.  Notwithstanding other Plan provisions, Non-U.S. Participants may receive benefits in a lump sum rather than over time to the extent not in violation of Section 409A and in the sole discretion of the
Administrator.
  

(c)        Any amounts due to a Non-U.S.
Participant relating to employment separation rights or claims under any non-U.S. laws (as generally referred to above) or any applicable individual or collective employment agreement shall reduce the amount of cash and benefits due under this Plan
(the “Offset”).  Any such reduction shall be made in a manner determined by the Administrator in its sole discretion to be equivalent in value.  For purposes of description and example and not limitation, such offsetting
amounts may be claims for severance pay, notice, notice pay, redundancy pay, redundancy notice, severance indemnity, end-of-service payments, wrongful or unfair dismissal awards/claims, discriminatory termination awards/claims, retaliatory
termination (“victimization”), or other employment termination awards/claims.
  
 (d)       If, for any reason, the Offset is not possible, or if any non-U.S. laws or any individual or collective agreement would require the Company to
pay or provide benefits or coverages greater than an amount otherwise due under this Plan, or if any non-U.S. laws, or any individual or collective agreement would prevent any Non-U.S. Participant from effectively and completely releasing the
Company from all claims, then the employee in question shall become ineligible for any payments or benefits under this Plan retroactively, nunc pro tunc, and any and all claims under or interests in this Plan shall be immediately forfeited.
  
 (e)        The provisions of this Section are in addition to the other terms and conditions of the Plan.  In particular, the requirements of
Sections 4.1 and 4.2 must be satisfied by Non-U.S. Participants.
  

ARTICLE IV
 SEPARATION
BENEFITS

4.1               Right to Separation Benefits.  A Participant
shall be entitled to receive from the Company the Separation Benefits as provided in Section 4.3 of this Plan A if (a) such Participant’s employment with the Company and its Affiliates has been terminated for a reason specified in Section
4.2(a) of this Plan A, (b) such Participant has not refused an offer of employment by the Company and its Affiliates for a Comparable Job, and (c) such Participant executes within 50 days (or such shorter period as is required of such Participant by
the Company) following the Date of Termination (and does not revoke), in a form that is satisfactory to the 
 
4 
 

 
 
 

Company, such documents as the
Company may require, which shall include a separation agreement that contains an effective general release of all known and unknown claims against the Company in a form consistent with the Company’s past practice, and may include provisions
binding the Participant to confidentiality, cooperation with litigation, non-disparagement, non-competition, and/or non-solicitation agreements (in the event that a Participant fails to execute such documents within the required time period or
revokes any such document, the Company may recover any payments or benefits paid or provided hereunder to such Participant and shall cease to pay or provide any further payments or benefits hereunder to such Participant).

4.2
               Termination of Employment.

(a)
                Terminations Which Give Rise to Separation Benefits Under This Plan A.  Any termination under the following circumstances shall be deemed to be a termination for a reason specified in Section 4.2(a) of this Plan A:  any involuntary
termination of employment initiated by the Company and its Affiliates (excluding any transfer to the Company or an Affiliate thereof) other than for Cause or Disability (as defined below).  A termination of employment will not be deemed to be
described by this paragraph if it occurs in connection with a transfer by the Company and its Affiliates of assets or stock, and the applicable Participant receives an offer of a Comparable Job with the transferee of such assets or stock (whether
before, at the time of, or immediately after the closing of such transfer).  In the case of an involuntary termination of employment initiated by the Company and its Affiliates other than for Cause, the applicable Participant must remain
employed (or on approved Leave of Absence) until the date of termination communicated by the Company in order for the termination to qualify as a termination described by this paragraph.  A termination of employment will not be deemed to be
described by this paragraph if it follows a period of community assignment.  The Company and the applicable Participant shall take all steps necessary (including with regard to any post-termination services by such Participant) to ensure that
any termination described in this Section 4.2(a) of this Plan A constitutes a “separation from service” within the meaning of Section 409A.

(b)                Terminations Which Do Not Give Rise to Separation Benefits Under This Plan A.  If a Participant’s employment is terminated for Cause, Disability (within the meaning of the Company’s long-term disability plan applicable to the
Participant), as a result of the Participant’s death, or due to voluntary termination, such termination shall not be deemed to be a termination for a reason specified in Section 4.2(a) of this Plan A and the Participant shall not be entitled
to Separation Benefits under this Plan A.   
 4.3             
 Separation Benefits.
 (a)              
 If a Participant’s employment is terminated under the circumstances set forth in Section 4.1 of this Plan A
entitling such Participant to Separation Benefits, the Company shall pay or provide, as the case may be, to such Participant the amounts and benefits set forth in items (i) through (iii) below (the “Separation Benefits”): 

(i)                  the Company shall pay to the Participant the following amounts:

(A)  the
Participant’s base salary through the Date of Termination to the extent not theretofore paid, payable in a lump sum as soon as practicable, but in no event later than the Company’s next scheduled payroll date, following the Date of
Termination; and 
   (B) 
the product of (1) the actual annual bonus, if any, the Participant would have received for the fiscal year during which the
Date of Termination occurs had such Participant remained employed through the conclusion of such year (based on actual performance) and (2) a fraction, the numerator of which is the number of days in such year through the Date of Termination, and
the denominator of which is 365, payable 
  5 
 

 
 
 
 following the conclusion of such year but in no event more than two-and-a-half months following such conclusion; and

(C)  an amount equal to
the product of (1) the Multiple and (2) the sum of (x) the Participant’s Annual Base Salary and (y) the Target Bonus, such amounts to be paid ratably in accordance with the Company’s regular payroll practices over a period of years equal
to applicable Multiple.  If the Date of Termination follows a Change of Control and the Participant’s base salary and/or target bonus were higher immediately prior to such Change of Control, then the higher salary and/or target bonus
amount shall be used; 
 (ii)             
 for a number of years after the Participant’s Date of Termination equal to the Multiple, the Company shall cause the
Company’s welfare plans to continue medical and dental benefits to the Participant and/or the Participant’s family on the same terms applicable to similarly situated active employees, with the Participant’s share of the premiums no
greater than that applicable to such similarly situated active employees; provided, however, that if the Participant becomes reemployed with another employer and is eligible to receive medical and/or dental benefits under another employer provided
plan, the medical and/or dental benefits, as applicable, described herein shall terminate; and, provided, further, that the benefits provided hereunder shall be provided in such a manner that such benefits (and the costs and premiums thereof) are
excluded from the Participant’s income for federal income tax purposes.  Notwithstanding the foregoing, if the Company reasonably determines that providing continued coverage under one or more of its welfare benefit plans contemplated
herein could adversely affect the tax treatment of other participants covered under such plans, or would otherwise have adverse legal ramifications or adverse economic impact, the Company may, in its discretion, provide other insurance coverage
substantially similar in the aggregate to the continued coverage otherwise required hereunder; and
 Notwithstanding the preceding provisions of this Section 4.3, in the event that the applicable Participant is a “specified employee” (within the meaning of Section 409A)
(as determined in accordance with the methodology established by the Company as in effect on the Date of Termination) (a “Specified Employee”) on the Date of Termination, any amounts that would be payable within the first six months
following the Date of Termination pursuant to Section 4.3(a)(i)(C) of this Plan A that exceed the amount referenced in Treas. Regs. Section 1.409A-1(b)(9)(iii)(A) with respect to such Participant shall be paid, with Interest from the date on which
payment would otherwise have been made, on the first business day of the first calendar month that begins after the six-month anniversary of such Participant’s “separation from service” within the meaning of Section 409A of the
Code (the “Delayed Payment Date”); provided, however, that if such Participant who is a Specified Employee is a Change of Control Participant (as defined in Plan B of this Program), all amounts that would have been paid within the first
six months following the Date of Termination pursuant to Section 4.3(a)(i)(C) of this Plan A shall be paid, with Interest from the date on which payment would otherwise have been made, on the Delayed Payment Date.  

(b)                Reductions in Certain Instances. 

 (i)                  The Separation Benefits provided under this Plan A shall be reduced (but not below zero) by the amount of any severance or separation pay and benefits and/or salary-based
guaranteed compensation payments provided for under the terms of any other written employment, change in control, severance, consulting or similar agreement (including an offer letter) to which the applicable Participant and the Company (or an
Affiliate thereof) are party or any other severance plan, policy or arrangement in which the Participant participates, or any statutory severance scheme applicable to the Participant, including, without limitation, the Worker Adjustment and
Retraining Notification Act of 1988 set forth at 29 U.S.C. § 2101 et seq. or any similar state or local statute to the extent not preempted by ERISA (collectively, “Severance Arrangements”).  Nothing in this Plan A shall be construed to

  6 
 

 
 
 
 provide separation pay or benefits that are duplicative of any separation pay, which shall include the payment of salary-based guaranteed
compensation, or benefits provided to a Participant pursuant to any Severance Arrangement.  Without limiting the generality of the foregoing, if any federal, state or local law (to the extent not preempted by ERISA), including without
limitation, worker’s compensation laws (and excluding applicable state or federal laws regarding jury duty or active military service) or any Company policy, benefit or practice, including, without limitation, disability benefits or vacation
pay (excluding vacation accrued but unused prior to the Date of Termination) either provides or requires the Company to provide a Participant with income in place of such Participant’s salary or vacation pay accruing after the Date of
Termination, then the Separation Benefits to which the Participant would have been entitled under this Plan A shall be reduced by the amount of such replacement pay or such post-Date of Termination vacation pay received by the Participant.  For
clarity, the Company’s qualified and non-qualified retirement plans are not considered Severance Arrangements for purposes of this paragraph and amounts payable under this Plan A shall not be reduced pursuant to this paragraph as a result of
amounts payable under such qualified and non-qualified retirement plans.
 (ii)             
 The Company also reserves the right, subject to Section 409A of the Code, to offset any separation pay or benefits under
this Plan A by any advances, expenses, loans, claims for damages or other monies (including any tax withholding due in respect of payments hereunder or otherwise) the applicable Participant owes the Company or any of its Affiliates (except for any
personal or business loan for which the Participant may have contracted with the Company or any of its Affiliates).
 (iii)          
   In the event that any payment or benefit under this Plan A would be non-deductible as a result of the application of
Section 280G of the Code, such payment or benefit shall be reduced to the maximum amount that may be paid or provided without any payment or benefit to the applicable Participant being non-deductible as a result of the application of Section 280G of
the Code.  Such reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections of this Plan A in the following order: (1) Section 4.3(a)(i)(C), (2) Section 4.3(a)(ii),
, and (3) Section 4.3(a)(i)(B).    
 (iv)            
 If a Participant obtains employment within the Company or any of its Affiliates following a termination entitling such
Participant to Separation Benefits and prior to the expiration of the number of weeks of such Separation Benefits, any Separation Benefits will cease immediately.  

(v)                Notwithstanding the provisions of any other section of this Plan A, Separation Benefits may be discontinued if the applicable Participant is determined by the Administrator
(1) to have engaged in conduct at any time while employed by the Company that would have provided a basis for a for-Cause termination, (2) to have violated any of the representations or obligations undertaken by the Participant by executing such
documents as the Company may require pursuant to Section 4.1(c) of this Plan A in order for the Participant to be eligible for Separation Benefits under this Plan A, or (3) to have engaged in any conduct or act that was injurious, detrimental or
prejudicial to the interest of the Company.  This paragraph shall have no application following a Change of Control.  
                               
        
 ARTICLE V
 ADMINISTRATION 
 5.1           
    Benefits Unsecured. The separation pay and benefits and costs of this Plan A are payable by the Company out of its general assets, with the exception of any portion of the premiums or costs for
continued benefit coverage for which Participants will be responsible. The right of a Participant to receive payments or benefits under this Plan A shall be only that of an unsecured creditor against the assets of the Company and payments and
benefits under this Plan A shall be made solely from the assets of the Company.  No Participant shall have any right to any specific assets of the Company by virtue of this Plan A.  

 
 
7 
 

 
 
 
 5.2           
    Administrator.  The general administration of this Plan A and the responsibility for carrying out its provisions shall be vested in the Administrator.  The Company shall be the
“Administrator” within the meaning of Section 3(16) of ERISA and shall have all the responsibilities and duties contained therein.   The Administrator shall have the authority to appoint and delegate its responsibilities under
this Plan A and to designate other persons to carry out any of its responsibilities under this Plan A.  The Administrator and/or its designee(s) shall have such discretionary powers as are necessary or appropriate to discharge his, her or its
duties, including but not limited to, discretionary interpretation and construction of this Plan A, and the determination of all questions of eligibility, participation and benefits and all other related or incidental matters, provided that during
the two-year period following a Change of Control (and thereafter, to the extent the issue in question relates to a termination of employment during such period), decisions of the Administrator shall be subject to de novo review in the courts. 
The Administrator’s (and/or its designee’s) decision will be binding on the applicable Participant, the Participant’s spouse or other dependent or beneficiary and all other interested parties, subject to review or correction only
to the extent that such a decision, determination or construction is shown by clear and convincing evidence to be arbitrary and capricious, provided that during the two-year period following a Change of Control (and thereafter, to the extent the
issue in question relates to a termination of employment during such period), decisions of the Administrator shall be subject to de novo review in the courts.  The Administrator and/or its designee may adopt rules and regulations of uniform
applicability in his/her interpretation and implementation of this Plan A.  In order for a Participant to be eligible for Separation Benefits, the Administrator and/or its designee shall require each Participant to execute (and not revoke),
such documents as the Administrator and/or its designee may require pursuant to Section 4.1(c) of this Plan A and to provide proof of any information that the Administrator finds necessary or desirable for the proper administration of this Plan
A.  

5.3               Claims Procedures.  Any claim for benefits
under this Plan A must be submitted in writing to the Administrator.  If a claim for benefits under this Plan A is denied in whole or in part, the claimant (or his or her authorized representative) will be notified by the Administrator within
90 days of the date the claim is delivered to the Administrator, unless special circumstances require an extension of time for processing the claim, in which case the claimant will be provided written notification, prior to the termination of the
initial 90-day period, of the special circumstances requiring an extension and the date (not to exceed a period of an additional 90 days) by which the Administrator expects to render a final decision.  The notification will be written in
understandable language and will state (a) specific reasons for denial of the claim, (b) specific references to any provision of this Plan A on which the denial is based, (c) a description (if appropriate) of any additional material or information
necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary, and (d) an explanation of this Plan A’s review procedure and the time limits applicable to such procedures, including the
claimant’s right to bring a civil action under section 502(a) of ERISA following an adverse benefit determination on review.  A claim that is not acted upon within 90 days may be deemed by the claimant to have been denied. 

 5.4               Review of Claim Denials.  Within 60 days
after a claim has been denied, or deemed denied, the claimant or his or her authorized representative may make a request for a full and fair review by submitting to the Administrator a written statement (a) requesting a review of the denial of the
claim, (b) setting forth all of the grounds upon which the request for review is based and any facts in support thereof, and (c) setting forth any issue or comments which the claimant deems relevant to the claim.  The claimant or his or her
authorized representative, shall have, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits and may submit comments, documents, records
and other information relating to the claim in writing.  The review shall take into account all comments, documents, records and other information submitted by the claimant relating to the claim, without regard to whether such information was
submitted or considered in the initial benefit determination.  The Administrator shall make a decision on review within 60 days after the receipt of the claimant’s request for review, unless the Administrator determines that special
circumstances require an extension of time for processing a review is required, in which case the claimant will be notified, and a decision will be made within 
 
8 
 

 
 
 
 120 days of receipt of the request for review.  If the Administrator determines that an extension of time is required, written notice shall be
furnished to the claimant prior to the termination of the initial 60-day period which shall indicate the special circumstances requiring the extension and the date by which the Administrator expects to render a final decision. The decision will be
in writing and in understandable language. The decision shall set forth (i) specific reasons for the denial of the claim, (ii) specific references to any plan provision on which the benefit determination is based, (iii) a statement that the claimant
is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claimant’s claim for benefits, and (iv) a statement describing any voluntary appeal
procedures offered by this Plan A and the claimant’s right to obtain information about such procedures and a statement of the claimant’s right to bring an action under section 502(a) of ERISA.  The decision of the Administrator on
review shall be final and conclusive upon all persons unless it is shown by clear and convincing evidence to be arbitrary and capricious.  The claimant may pursue a grievance in a federal court if he or she is improperly denied any right or
remedy to which he or she is entitled under the Claim Review Procedure.  No legal action may be brought to recover benefits allegedly due under this Plan A unless a claimant has exhausted the Claim Review Procedure set forth in this Plan A; and
in no event may a claimant commence such a legal action more than one year from the date of the claim denial.

ARTICLE VI
 MISCELLANEOUS 
 6.1           
    Amendment and Termination.  This Plan A may be terminated or amended in any respect by resolution adopted by a majority of the Committee, or by duly authorized action of the Committee’s
delegate, provided that this Plan A may not be terminated or amended in any manner which would adversely affect the rights or potential rights of Participants if such action is taken in connection with, in anticipation of, during the six-month
period prior to, or during the two-year period following, a Change of Control.  No amendment or termination shall give the Company the right to recover any amount paid to a Participant prior to the date of such action or to cause the reduction,
cessation or discontinuance of Separation Benefits to any person or persons under this Plan A already receiving or entitled to receive separation pay or benefits under this Plan A.  No vested rights are provided under this Plan A, subject to
Section 3.2 of this Plan A and to the Change of Control-related limitations set forth above on amendments and terminations.

6.2               Successors.  This Plan A shall bind any
successor of the Company, its assets or its businesses (whether direct or indirect, by purchase, merger, consolidation or otherwise), in the same manner and to the same extent that the Company would be obligated under this Plan A if no succession
had taken place.  The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and to honor
this Plan A in the same manner and to the same extent that the Company would be required to honor it if no such succession had taken place.  The term “Company,” as used in this Plan A, shall mean the Company as hereinbefore defined
and any successor or assignee to the business or assets which by reason hereof becomes bound by this Plan A.
 6.3           
    Compliance With Law.  Notwithstanding anything else contained in this Plan A, the Company shall not be required to make any payment or take any other action prohibited by law, including,
but not limited to, any regulation, directive, or order of federal or state regulatory authorities.
 6.4           
    Employment Status.  This Plan A does not constitute a contract of employment or impose on any Participant, the Company, or any Affiliate of the Company any obligation to retain any
Participant as an employee.  
 6.5             
 Benefits Not Assignable.  Subject to Section 4.3 of this Plan A, payments and benefits under this Plan A are not assignable or subject to alienation since they are not vested and are solely for
the support and 
  9 
 

 
 
 
 maintenance of the applicable Participant.  Likewise, such payments and benefits shall not be subject to attachment by creditors or through
legal process against the Company, the Administrator or any Participant.
 6.6             
 Tax Withholding.  The Company may withhold from any amounts payable under this Plan A such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any
applicable law or regulation.
 6.7             
 Construction.  The invalidity or unenforceability of any provision of this Plan A shall not affect the validity or enforceability of any other provision of this Plan A, which shall
remain in full force and effect, and any prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  The captions of this Plan A are not part of the provisions
hereof and shall have no force or effect.  
 6.8             
 Governing Law.  This Plan A is subject to ERISA, but is intended to qualify as a plan which is unfunded and is maintained primarily for the purpose of providing deferred compensation
for a select group of management or highly compensated employees.  To the extent not superseded by federal law, this Plan A shall be governed by and construed in accordance with the laws of the State of Minnesota, without reference to
principles of conflict of laws.
 6.9             
 Section 409A.  This Plan A is intended to comply with the requirements of Section 409A of the Code or an exemption or exclusion therefrom and shall in all respects be interpreted and
administered in accordance with Section 409A of the Code.  If any provision of the Plan would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict.  Each
payment under this Plan A shall be treated as a separate payment for purposes of Section 409A of the Code.  In no event may a Participant, directly or indirectly, designate the calendar year of any payment to be made under this Plan A. 
All reimbursements and in-kind benefits provided under this Plan A shall be made or provided in accordance with the requirements of Section 409A of the Code, including, without limitation, that (i) in no event shall reimbursements by the Company
under this Plan A be made later than the end of the calendar year next following the calendar year in which the applicable fees and expenses were incurred, provided, that the applicable Participant shall have submitted an invoice for such fees and
expenses at least 10 days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred; (ii) the amount of in-kind benefits that the Company is obligated to pay or provide in any given calendar
year shall not affect the in-kind benefits that the Company is obligated to pay or provide in any other calendar year; (iii) the applicable Participant’s right to have the Company pay or provide such reimbursements and in-kind benefits may not
be liquidated or exchanged for any other benefit; and (iv) in no event shall the Company’s obligations to make such reimbursements or to provide such in-kind benefits apply later than the applicable Participant’s remaining lifetime (or
if longer, through the 20th anniversary of the Date of Termination).  
    
10 
 

 
 
 

Appendix
 A of Plan A

With respect to the Participants
individually listed below, the applicable Multiple shall be the Multiple set forth next to such Participant’s name.  For other Participants, the applicable Multiple shall be determined based on such Participant’s position
immediately prior to the Date of Termination, in accordance with the following table:
 
	 Position
 	
Multiple

 
	
Vice President
 	
1.0

	
Senior Vice President
 	
1.5

	
Executive Vice President and Above

	
2.0

  

Notwithstanding the foregoing table, the Multiples for
the following Participants shall be as set forth below:
 
	 Participant
 	
Multiple

 
	  

 
 	  
 
	  

 
 	  
 
	  

 
 	  
 
	  

 
 	  
 
	  

 
 	  
 

    
11 
 

 
 
 

Plan
B
 
 
 ARTICLE I
 PURPOSE 
 The Board has determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication of its senior executives,
notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Company.  The Board believes it is essential to diminish the inevitable distraction to its senior executives by virtue of the personal
uncertainties and risks created by a pending or threatened Change of Control and to encourage its senior executives’ full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to
provide its senior executives with compensation and benefit arrangements upon a Change of Control which ensure that the compensation and benefits expectations of its senior executives will be satisfied and which are competitive with those of other
corporations.  This Plan B is intended to serve the aforementioned purposes. The Company reserves the right to amend or terminate this Plan B by action of the Committee (as defined below) in accordance with the amendment and termination
provisions set forth below.
 ARTICLE II
 DEFINITIONS 
 As used in this Plan B, the following words and phrases shall have the following respective meanings (unless the context clearly indicates
otherwise):

2.1               Affiliate.  An Affiliate of the Company shall
mean any company controlled by, controlling, or under common control with, the Company.
 2.2             
 Annual Base Salary.  With respect to a Change of Control Participant, twelve times the higher of the monthly base salary paid or payable, including any base salary which has been earned
but deferred, to such Change of Control Participant by the Company and its Affiliates in respect of the month immediately preceding the month in which (i) the Change of Control occurs or (ii) such Change of Control Participant’s Date of
Termination occurs.  
 2.3             
 [Reserved]

2.4
               Change of Control.  Any of the following
events:

(a)                The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“1934 Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the 1934 Act) of 20% or more of 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”); provided, however, that for purposes
of this subsection (a), the following acquisitions shall not constitute a Change of Control:  (1) any acquisition directly 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 corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subsection (c) of this Section 2.4;
and provided, further, that if any Person’s beneficial ownership of the Outstanding Company Voting Securities reaches or exceeds 20% as a result of a transaction described in clause (i) or (ii) above, and such Person subsequently acquires
beneficial ownership of additional voting securities of the Company, such subsequent acquisition shall be treated as an acquisition that causes such Person to own 20% or more of the Outstanding Company Voting Securities; or

 
 
12 
 

 
 
 
 (b)           
     Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of
the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then
comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or

(c)                Consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or any of its subsidiaries, a 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 (each, a “Business Combination”); excluding however such a Business Combination pursuant
to which (i) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60%
of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such
Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Voting Securities,  (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit
plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting
from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members
of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination;
or

(d)                Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

2.5               Change of Control Multiple.  With respect to
any Change of Control Participant, such Change of Control Participant’s “Change of Control Multiple” shall be as follows: 
 
	  

Position

 	  

Multiple

 
	 Executive Vice President and
Above
 Senior Vice President

Vice President
 	 2.0
 1.5
 1.0
 

 
 2.6             
 Change of Control Participant.  An employee of the Company and its Affiliates who is an officer of the Company in good standing and has been appointed by the Company’s Senior Human Resources
Officer to, and remains on, the Corporate Operating Committee, or is otherwise designated by the Committee (or its delegate) as a Change of Control Participant.  Individuals may be removed from the Corporate Operating Committee by the
Company’s Senior Human Resources Officer by written action or by the Committee through written action, and shall no longer be Change of Control Participants. The Committee may also otherwise act to remove an individual from status as a Change
of Control Participant. This Section is subject to the provisions and protections of Section 3.1.
  

13 
 

 
 
 
 2.7           
    Change of Control Separation Benefits.  The amounts and benefits payable or required to be provided in accordance with Section 4.3 of this Plan B.

2.8               Code.  The Internal Revenue Code of 1986, as
amended from time to time.
 2.9             
 Committee.  The Compensation Committee of the Board.

2.10         
 Company.  As defined in the preamble and in Section 6.1 of this Plan B.

2.11         
 Date of Termination.  If a Change of Control Participant’s employment is terminated by the Company for Cause, or by the Change of Control Participant for Good Reason, the Date of
Termination shall be the date of receipt of the Notice of Termination (as described in Section 4.2(c) of this Plan B) or any later date specified therein, as the case may be.  If a Change of Control Participant’s employment is terminated
by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies such Change of Control Participant of such termination.  If a Change of Control Participant’s employment is
terminated by the Change of Control Participant without Good Reason, the Date of Termination shall be the date on which the Change of Control Participant notifies the Company of such termination. If a Change of Control Participant’s employment
is terminated by reason of death or Disability, the Date of Termination shall be the date of death of such Change of Control Participant or the Disability Effective Date, as the case may be.   

2.12         
 Incentive Plan.  The Company’s Executive Incentive Plan, or other applicable formal incentive bonus plan maintained by the Company, an Affiliate, or another entity in which the
Company has a significant equity interest, or any predecessor or successor plan.
 2.13           Interest. 
Interest on the applicable delayed payment equal to the “prime rate” (as reported in the Wall Street Journal on the Date of Termination (or, if it is not reported on such date, on the next following business day on which it is reported))
plus 1%, which interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed from and including the Date of Termination through, but excluding, the date of payment. 

2.14         
 Section 409A.  Section 409A of the Code. 
 2.15         
 Section 409A Change of Control.  Section 409A Change of Control means a Change of Control that also constitutes a “change in the ownership or effective control” of the Company or “a
change in the ownership of a substantial portion of the assets” of the Company (each as defined in Section 409A(a)(2)(A)(v) of the Code and the regulations thereunder as in effect from time to time).  

2.16         
 Specified Employee.  A Change of Control Participant who is a “specified employee” (within the meaning of Section 409A(a)(2)(B)(i) of the Code), as determined in accordance
with the methodology established by the Company as in effect on the Date of Termination of such Change of Control Participant.

2.17         
 Target Bonus.  The amount of money a Change of Control Participant would be paid under the Company’s Incentive Plan at the “target” level for the fiscal year in
which a termination of employment described in Section 4.2(a) occurs.
  
 ARTICLE III
 ELIGIBILITY 

3.1               Participation.  Individuals who are within
the definition of Change of Control Participant may be added or removed as provided in Section 2.6, and the Change of Control Multiples may be altered, provided 
 
14 
 

 
 
 
 that no Change of Control Participant may be so removed nor may any Change of Control Multiple be altered (a) in connection with or in anticipation
of a Change of Control or during the two-year period following a Change of Control, or (b) subject to Section 3.2(b) of this Plan B, without providing the applicable Change of Control Participant at least one year’s notice of such removal or
reduction.

3.2               Duration of Participation.  A Change of
Control Participant shall cease to be a Change of Control Participant in this Plan B if (a) such Change of Control Participant is removed as permitted by Section 3.1 of this Plan B or (b) such Change of Control Participant ceases to be employed by
the Company and its Affiliates under circumstances not entitling such Change of Control Participant to Change of Control Separation Benefits.

3.3               No Termination of Participation Following Termination Entitling Change of Control Participant to Benefits Under Plan.  Notwithstanding any other provision of this Plan B, a Change of Control Participant who is entitled, as a result of a cessation of employment while a Change of Control
Participant, to receive benefits under this Plan B shall remain a Change of Control Participant in this Plan B (and shall not be subject to a reduction of such Change of Control Participant’s Change of Control Multiple) until the amounts and
benefits payable under this Plan B have been paid or provided to such Change of Control Participant in full.
 3.4       Special Rules for
Non-U.S. Change of Control Participants.  The following provisions apply to Change of Control Participants, if any, whose primary place of employment is
outside the United States (“Non-U.S. Change of Control Participants”):
  
 (a)        The intent of this Plan B is to cover Company employees who come within the definition of Change of Control Participant whether or not
their primary place of employment is in the United States.  
  
 (b)        The Company’s intent is to provide Non-U.S. Change of Control Participants the same levels and amounts of benefits as other Change
of Control Participants, but not more than other Change of Control Participants would be entitled to under the Plan.  It is acknowledged that certain Non-U.S. Change of Control Participants may be covered by laws outside the U.S., including
national, provincial, and/or local laws, governing the employment relationship between said Change of Control Participants and the Company.  It is further acknowledged that Non-U.S. Change of Control Participants may have individual or
collective employment agreements that contain applicable employment separation provisions.  However, in no case shall the Company pay any amounts, or provide any benefits, which are related in any manner to a Change of Control
Participant’s separation of employment from the Company, greater than the amounts or in addition to the benefits or coverages, otherwise provided for under this Plan B. Notwithstanding other Plan provisions, Non-U.S. Change of Control
Participants may receive benefits in a lump sum rather than over time to the extent not in violation of Section 409A and in the sole discretion of the Administrator.

 

(c)        Any amounts due to a Non-U.S.
Change of Control Participant relating to employment separation rights or claims under any non-U.S. laws (as generally referred to above) or any applicable individual or collective employment agreement shall reduce the amount of cash and benefits
due under this Plan (the “Offset”).  Any such reduction shall be made in a manner determined by the Administrator in its sole discretion to be equivalent in value.  For purposes of description and example and not limitation,
such offsetting amounts may be claims for severance pay, notice, notice pay, redundancy pay, redundancy notice, severance indemnity, end-of-service payments, wrongful or unfair dismissal awards/claims, discriminatory termination awards/claims,
retaliatory termination (“victimization”), or other employment termination awards/claims.
  
 (d)       If, for any reason, the Offset is not possible, or if any non-U.S. laws or any individual or collective agreement would require the Company to
pay or provide benefits or coverages greater than an amount otherwise due under this Plan B, or if any non-U.S. laws, or any individual or collective agreement would prevent any Non-U.S. Change of Control Participant from effectively and completely
releasing the Company from all claims, then the employee in question shall become ineligible for any payments or benefits 

  15 
 

 
 
 
 
under this Plan retroactively, nunc pro tunc, and any and all claims under or interests in this Plan B shall be immediately
forfeited.
  

(e)        The provisions of this Section
are in addition to the other terms and conditions of this Plan B.  In particular, the requirements of Sections 4.1 and 4.2 must be satisfied by Non-U.S. Change of Control Participants.

 

ARTICLE IV
 SEPARATION BENEFITS
 4.1           
    Right to Change of Control Separation Benefits.  A Change of Control Participant shall be entitled to receive from the Company the Change of Control Separation Benefits as provided in Section 4.3 of this Plan B if
such Change of Control Participant’s employment with the Company and its Affiliates has been terminated for any reason specified in Section 4.2(a) of this Plan B, and such termination occurred either (a) after a Change of Control and on or
before the second anniversary thereof or (b) at the request of a third party who had taken steps reasonably calculated to effect a Change of Control or in connection with or anticipation of a Change of Control (a termination of employment described
in this Section 4.1(b), an “Anticipatory Termination”).
 

4.2               Termination of Employment.

(a)                Terminations Which Give Rise to Change of Control Separation Benefits Under This Plan.  Any termination under the following circumstances shall be deemed to be a termination for a reason specified in this Section 4.2(a):  

(i) any involuntary
termination of employment of a Change of Control Participant initiated by the Company and its Affiliates (excluding any transfer to the Company or an Affiliate thereof) other than for Cause or Disability; or 

(ii) any termination of
employment by a Change of Control Participant for Good Reason.  For purposes of this Plan B, “Good Reason” shall mean:
 (A)          the assignment to the applicable Change of Control Participant of any duties inconsistent
in any material respect with such Change of Control Participant’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities, as in effect prior to the Change of Control (measured by
reference to the most significant of those held, exercised, and assigned during the 180-day period immediately preceding the Change of Control), or any other action which results in a material diminution in such position, authority, duties or
responsibilities (whether or not occurring solely as a result of the Company’s ceasing to be a publicly traded entity), excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by
the Company promptly after receipt of notice thereof given by such Change of Control Participant;
 (2)           
           a decrease in the applicable Change of Control Participant’s
base salary below the base salary in effect immediately prior to the Change of Control;
 (C)          a failure, for any fiscal year, to provide the applicable Change of Control Participant (no later than two and a half
months following such fiscal year, subject to any deferral elected by the Change of Control Participant on terms compliant with Section 409A) with an annual bonus at least equal to the average 
 
16 
 

 
 
 
 annual bonus paid or payable for the immediately preceding three full fiscal years (or average of such lesser number of years for which such
individual was employed by the Company) under the Incentive Plan prior to the Change in Control, other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied promptly after receipt of notice thereof
given by the Change of Control Participant;
 (4)               
       a decrease in the aggregate long-term incentive opportunities (at target levels), including
equity- and cash-based programs, below the greatest of those offered to the applicable Change of Control Participant under the programs in which such Change of Control Participant participated any time during the 180-day period immediately preceding
the Change of Control;
 (5)               
       the Company’s requiring the applicable Change of Control Participant to be based at
any office or location 50 or more miles from the location where such Change of Control Participant was employed immediately preceding the Change of Control or the Company’s requiring the applicable Change of Control Participant to travel on
Company business to a substantially greater extent than required immediately prior to the Change of Control; or
 (6)           
           any failure by the Company to comply with and satisfy Section 6.1 of
this Plan B.
 For
purposes of this Section 4.2(a) of this Plan B, (x) a Change of Control Participant’s ability to terminate employment for Good Reason shall be conditioned on the Change of Control Participant providing notice of the event or action giving rise
to the right to terminate for Good Reason within 30 days of becoming aware of such event or action and the Company’s failing to cure such event or action, if curable, within 30 days of receipt of such notice, (y) any good faith determination
of “Good Reason” made by the Change of Control Participant shall be conclusive, and (z) a Change of Control Participant’s mental or physical incapacity following the occurrence of an event described above in clauses (A) through (F)
of Section 4.2(a)(ii) shall not affect such Change of Control Participant’s ability to terminate employment for Good Reason.  The Company and the applicable Change of Control Participant shall take all steps necessary (including with
regard to any post-termination services by such Change of Control Participant) to ensure that any termination described in this Section 4.2(a) constitutes a “separation from service” within the meaning of Section 409A.

(b)                Terminations Which Do Not Give Rise to Change of Control Separation Benefits Under This Plan.  If a Change of Control Participant’s employment is terminated for Cause or Disability (as those terms are defined below), as a result of the Change of Control
Participant’s death, or due to voluntary termination other than for Good Reason, such termination shall not be deemed to be a termination for a reason specified in Section 4.2(a) of this Plan B and the Change of Control Participant shall not
be entitled to Change of Control Separation Benefits under this Plan B, regardless of the occurrence of a Change of Control; provided, however, that in the event of any such termination during the two-year period following a Change of Control, the
Change of Control Participant (or the Change of Control Participant’s estate, as applicable) shall be entitled to receive Accrued Obligations (except that in the event of a termination by the Company for Cause or by the Change of Control
Participant without Good Reason, Accrued Obligations shall not for purposes of this sentence include the amount described in Section 4.3(a)(i)(A)(2) of this Plan B), provided that in the event that the Change of Control Participant is a Specified
Employee and the termination is due to the Change of Control Participant’s Disability, the portion of Accrued Obligations described in Section 4.3(a)(i)(A)(2) of this Plan B shall be paid, with Interest from the Date of Termination, on the
first business day after the date that is six months following such Change of Control Participant’s “separation from service” within the meaning of Section 409A of the Code.  In addition, in the event of such a termination
that is due to death or Disability, the applicable Change of 
 
17 
 

 
 
 
 Control Participant (or such Change of Control Participant’s estate and/or beneficiaries, as applicable) shall be entitled to receive death or
disability benefits, as applicable, at least equal to the most favorable benefits provided by the Company and its Affiliates under such plans, programs, practices and policies relating to death or disability benefits, as applicable, as in effect
with respect to other peer executives and their beneficiaries at any time during the 180-day period immediately preceding the Change of Control or, if more favorable to the applicable Change of Control Participant (or such Change of Control
Participant’s estate and/or beneficiaries, as applicable), as in effect on the date of the Change of Control Participant’s death or disability with respect to other peer executives of the Company and its Affiliates and their
beneficiaries. 
 (i)               
   A termination for
“Disability” shall have occurred where the applicable
Change of Control Participant is absent from such Change of Control Participant’s duties with the Company and its Affiliates on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness
which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to such Change of Control Participant or such Change of Control Participant’s legal representative.  In such event, such
Change of Control Participant’s employment with the Company and its Affiliates shall terminate effective on the 30th day (the “Disability Effective
Date”) after receipt of the applicable Notice of Termination (as defined in Section 4.2(c) of this Plan B) by the Change of Control Participant,
provided that, within the 30 days after such receipt, the Change of Control Participant shall not have returned to full-time performance of the Change of Control Participant’s duties.

(ii)               A termination for “Cause” shall have occurred where the applicable Change of Control Participant is terminated because of:

(A)                    the willful and continued failure of the Change of Control Participant to perform substantially the Change of Control Participant’s duties with the Company and its
Affiliates (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Change of Control Participant by the Board or the Chief Executive Officer of
the Company which specifically identifies the manner in which the Board or the Chief Executive Officer believes that the Change of Control Participant has not substantially performed the Change of Control Participant’s duties,
or

(B)                     the Change of Control Participant’s conviction of, or plea of guilty or no contest to, a felony, or

(C)                     the Change of Control Participant’s misappropriation or theft of Company assets, or

(D)                    the willful engaging by the Change of Control Participant in illegal conduct or gross misconduct which is materially and demonstrably injurious to the
Company.
 For purposes of this Section
4.2(b)(ii), no act or failure to act, on the part of the Change of Control Participant, shall be considered “willful” unless it is done, or omitted to be done, by the Change of Control Participant in bad faith or without reasonable
belief that the Change of Control Participant’s action or omission was in the best interests of the Company.  Any act, or failure to act, based upon authority (A) given pursuant to a resolution duly adopted by the Board, or if the Company
is not the ultimate parent corporation of the Company and its Affiliates and is not publicly traded, the board of directors of the ultimate parent of the Company (the “Applicable Board”), (B) except with respect to an act or failure to act of the Chief Executive
Officer, upon the instructions of the Chief Executive Officer of the Company or a senior officer of the Company who is senior to 

  18 
 

 
 
 
 
the applicable Change of Control Participant, or (C) based upon the advice of counsel for the Company, shall
be conclusively presumed to be done, or omitted to be done, by the Change of Control Participant in good faith and in the best interests of the Company.  The cessation of employment of the Change of Control Participant shall not be deemed to be
for Cause unless and until there shall have been delivered to the Change of Control Participant a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the members of the Applicable Board who are not officers or
employees of the Company at a meeting of the Applicable Board called and held for such purpose (after reasonable notice is provided to the Change of Control Participant and the Change of Control Participant is given an opportunity, together with
counsel for the Change of Control Participant, to be heard before the Applicable Board), finding that, in the good faith opinion of the board, the Change of Control Participant is guilty of the conduct described in this Section 4.2(b)(ii), and
specifying the particulars thereof in detail.  
 (c)              
 Notice of Termination.  Any termination by the Company for Cause or Disability, or by a Change of Control Participant for Good Reason, shall be communicated by a Notice of Termination to the
other party.  For purposes of this Plan B, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Plan B relied upon, (ii) to the extent applicable, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of the Change of Control Participant’s employment under the provision so indicated and (iii) if the Date of Termination is other than the date of receipt of such
notice, specifies the termination date (which date shall be not more than 30 days after the giving of such notice (except in the case of a termination due to Disability, in which case such date shall be the Disability Effective Date)).  The
failure by the Change of Control Participant or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason, Cause, or Disability shall not waive any right of the Change of Control
Participant or the Company, respectively, hereunder or preclude the Change of Control Participant or the Company, respectively, from asserting such fact or circumstance in enforcing the Change of Control Participant’s or the Company’s
rights hereunder.
 4.3             
 Change of Control Separation Benefits.
 (a)              
 If a Change of Control Participant’s employment is terminated under the circumstances set forth in Section 4.1 of
this Plan B entitling such Change of Control Participant to Change of Control Separation Benefits, the Company shall pay or provide, as the case may be, to such Change of Control Participant the amounts and benefits set forth in items (i) through
(iv) below (the “Change of Control Separation
Benefits”): 
 (i)           
       the Company shall pay to the Change of Control Participant in a lump sum in cash within 30
days after the Date of Termination the aggregate of the following amounts:
 (A)               
     the sum of (1) the Change of Control Participant’s base salary through the Date of Termination to
the extent not theretofore paid, and (2) the Change of Control Participant’s Target Bonus, multiplied by a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator
of which is 365 (the amounts described in this Section 4.3(a)(i)(A), the “Accrued Obligations”); and  
 (B)           
          the amount equal to the product of (1) the Change of Control Multiple and
(2) the sum of (x) the Change of Control Participant’s Annual Base Salary and (y) the Change of Control Participant’s Target Bonus.  Notwithstanding the previous sentence, if the Change in Control Participant’s Annual Base
Salary and/or Target Bonus were higher within a six month period prior to, or two years after, a Change of Control, then such higher amounts shall be used.

(ii)               for a number of years after the Change of Control Participant’s Date of Termination equal to the Change of Control Multiple, or such longer period as may be provided by
the terms of the 
  19 
 

 
 
 
 appropriate plan, program, practice or policy, the Company shall cause its applicable welfare plans to continue medical and dental benefits to the
Change of Control Participant and/or the Change of Control Participant’s family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies, as in effect immediately prior to
the Change of Control, or if more favorable to the Change of Control Participant, as in effect immediately before the Date of Termination; provided, however, that if the Change of Control Participant becomes reemployed with another employer and is
eligible to receive medical and/or dental benefits under another employer provided plan, the medical and/or dental benefits, as applicable, described herein shall be secondary to those provided under such other plan during such applicable period of
eligibility; and, provided, further, that the benefits provided hereunder shall be provided in such a manner that such benefits (and the costs and premiums thereof) are excluded from the Change of Control Participant’s income for federal
income tax purposes.  Notwithstanding the foregoing, if the Company reasonably determines that providing continued coverage under one or more of its welfare benefit plans contemplated herein could adversely affect the tax treatment of other
participants covered under such plans, or would otherwise have adverse legal ramifications or adverse economic impact, the Company may, in its discretion, provide other insurance coverage substantially similar in the aggregate to the continued
coverage otherwise required hereunder. 
 Notwithstanding the preceding
provisions of this Section 4.3(a), in the event that the Change of Control Participant is a Specified Employee, amounts to be paid pursuant to Sections 4.3(a)(i)(A)(2) and 4.3(a)(ii) of this Plan B shall be paid, with Interest from the Date of
Termination, on the first business day (the “Delayed Payment Date”)
after the date that is six months following such Change of Control Participant’s “separation from service” within the meaning of Section 409A.  
  
 (b)           
     Notwithstanding the preceding provisions of this Section 4.3, in the event the applicable Change of
Control is not a Section 409A Change of Control, the payments under Section 4.3(a)(i)(B) of this Plan B shall be paid as follows:  (i) the amount of such payments that would have been paid under Plan A of this Program upon a termination
described in Section 4.2(a) thereof shall be paid in installments on the same payment schedule as would have applied under Plan A of this Program upon such a termination, and (ii) any additional amounts due under Section 4.3(a)(i)(B) of this Plan B
shall be paid in a lump sum in accordance with the provisions of Section 4.3(a)(i)(B) of this Plan B (subject to the delay required by the final paragraph of Section 4.3(a), if applicable). 

4.4               Net Best Calculation.  If it is determined
that Change of Control Separation Benefits are payable hereunder, the Company shall cause its independent auditors promptly to review, at the Company’s sole expense, the applicability of Section 4999 of the Code to the Total Payments to be
received by the Change of Control Participant.  If such auditors determine that any of the Total Payments would be subject to the excise tax imposed by Code Section 4999 (or any successor provision thereto), or any interest or penalties with
respect to such tax, by reason of being “contingent on a change in ownership or control” of the Company, within the meaning of Section 280G of the Code (or any successor provision thereto) or to any similar tax imposed by state or local
law, or any interest or  penalties with respect to such excise tax (such excise tax, together with interest and penalties, are hereafter collectively referred to as the “Excise Tax”), then, if a reduction in the amount of Change of Control
Separation Benefits sufficient to avoid the Excise Tax would result in an increase in the Total Payments that would be retained by the Change of Control Participant, net of all applicable taxes, then and only then, the Change of Control Separation
Benefits shall be reduced to the amount that, when considered with all of the Total Payments taken into account under Section 280G, is One Dollar ($1.00) less than the smallest sum that would subject the Change of Control Participant to the Excise
Tax.  For the avoidance of doubt, in the event that the amount of payments due to the Change of Control Participant is not so reduced, the Change of Control Participant and not the Company, shall be solely responsible for the payment of all
taxes, including any Excise Taxes, that become due thereon.
  20 
 

 
 
 
 As used herein, “Total Payments” shall mean, collectively, any payment or benefit received or to be received by the Change of Control Participant in connection with a Change of Control of the Company or
termination of the Change of Control Participant’s employment (whether payable pursuant to the terms of this Plan or any other plan, contract, agreement, or arrangement with the Company, with any person whose actions result in a Change of
Control of the Company, or with any person constituting a member of an “affiliated group” as defined in Section 280G(d)(5) of the Code) with the Company or with any person whose actions result in a Change of Control of the Company.  For purposes of calculating
Total Payments, (i) no portion of the Total Payments the receipt or enjoyment of which the Change of Control Participant shall have effectively waived in writing prior to the date of payment shall be taken into account; (ii) no portion of the Total
Payments shall be taken into account which, in the opinion of tax counsel selected by the Company and acceptable to the Change of Control Participant, does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code; and (iii) the value
of any other non-cash benefit or of any deferred cash payment included in the Total Payments shall be determined by the Company’s independent auditors in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. 

  

4.5               Funding in Certain Circumstances.  The
Company has established a Supplemental Benefits Trust with Wells Fargo Bank Minnesota, N.A. as trustee to hold assets of the Company under certain circumstances as a reserve for the discharge of the Company’s obligations under this Plan B and
certain plans of deferred compensation of the Company.  In the event of a termination entitling a Change of Control Participant to Change of Control Separation Benefits hereunder, the Company shall be obligated to immediately contribute such
amounts to such trust as may be necessary to fully fund all benefits that may become due to such Change of Control Participant under this Article IV (except under Section 4.3(a)(ii) of this Plan B).  All assets held in such trust shall remain
subject only to the claims of the Company’s general creditors whose claims against the Company are not satisfied because of the Company’s bankruptcy or insolvency (as those terms are defined in the applicable trust agreement). 
Change of Control Participants do not have any preferred claim on, or beneficial ownership interest in, any assets of the trust before the assets are paid to them and all rights created under the trust, as under this Plan B, are unsecured
contractual claims of Change of Control Participants against the Company.  In the event the funding of the trust described in this paragraph does not occur, upon written demand by the applicable Change of Control Participant given at any time
after the Date of Termination, the Company shall deposit in trust with an institutional trustee designated by the Change of Control Participant in such demand amounts which may become payable to the Change of Control Participant pursuant to this
Article IV (except under Section 4.3(a)(ii) of this Plan B) with irrevocable instructions to pay amounts to the Change of Control Participant when due in accordance with the terms of this Plan B.  All fees, expenses and other charges of any
trustee of a trust described in this paragraph shall be paid by the Company.  The trustee of any trust described in this paragraph shall be entitled to rely conclusively on the Change of Control Participant’s written statement as to the
fact that payments are due under this Plan B and the amount of such payments.  Notwithstanding any other provision of this paragraph, (x) no trust shall be funded pursuant to this paragraph if the funding thereof would result in taxable income to any Change of Control Participant by reason of Section 409A(b) of
the Code, and (y) in no event shall any assets of the trust
contemplated by this paragraph at any time be located or transferred (within the meaning of Section 409A(b) of the Code) outside of the United States.

4.6               Payment Obligations Absolute.  Upon a Change
of Control, subject to Section 4.4 of this Plan B, the obligations of the Company to pay or provide the Change of Control Separation Benefits described in Section 4.3 of this Plan B shall be absolute and unconditional and shall not be affected by
any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company and its Affiliates may have against any Change of Control Participant.  In no event shall a Change of Control
Participant be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to a Change of Control Participant under any of the provisions of this Plan B, nor shall the amount of any payment under this Plan
B be reduced by any compensation earned by a Change of Control Participant as a result of employment by another employer.  Nothing in this Plan B shall prevent or limit a Change of Control Participant’s continuing or future participation
in any plan, program, policy or practice provided by the 
  21 
 

 
 
 
 Company and its Affiliates and for which the Change of Control Participant may qualify, nor shall anything herein limit or otherwise affect such
rights as the Change of Control Participant may have under any contract or agreement with the Company and its Affiliates.  Amounts which are vested benefits or which a Change of Control Participant is otherwise entitled to receive under any
plan, policy, practice or program of or any contract or agreement with the Company or any of its Affiliates at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or program or contract or
agreement except as explicitly modified by this Plan B.  Without limiting the generality of the foregoing, a Change of Control Participant’s resignation under this Plan B with or without Good Reason, shall in no way affect such Change of
Control Participant’s ability to terminate employment by reason of such Change of Control Participant’s “retirement” under any compensation and benefits plans, programs or arrangements of the Company and its Affiliates,
including without limitation any retirement or pension plans or arrangements or to be eligible to receive benefits under any compensation or benefit plans, programs or arrangements of the Company and its Affiliates or substitute plans adopted by the
Company or its successors, and any termination which otherwise qualifies as Good Reason shall be treated as such even if it is also a “retirement” for purposes of any such plan. Notwithstanding the foregoing, if a Change of Control
Participant receives payments and benefits pursuant to Section 4.3(a) of this Plan B, such Change of Control Participant shall not be entitled to any severance pay or benefits under any severance plan, program or policy of the Company and its
Affiliates (including Plan A of this Program), unless otherwise specifically provided therein in a specific reference to this Plan B.

ARTICLE V
 CONFIDENTIALITY AND NON-COMPETITION
 5.1           
    Confidentiality.  As a condition of participation in this Plan B, all Change of Control Participants agree to abide by the provisions of this Section 5.1.  Each Change of Control
Participant will hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its Affiliates, and their respective businesses, which shall have been obtained
by the Change of Control Participant during the Change of Control Participant’s employment by the Company or any of its Affiliates and which shall not be or become public knowledge (other than by acts by the Change of Control Participant or
representatives of the Change of Control Participant in violation of this paragraph).  After termination of the Change of Control Participant’s employment with the Company, the Change of Control Participant shall not, without the prior
written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it.    

5.2               Non-Competition.  As a condition of
participation in this Plan B, all Change of Control Participants agree (and, at the request of the Company, shall enter into a separate written agreement) to abide by the provisions of this Section 5.2 in the event of a termination of employment
entitling such Change of Control Participant to Change of Control Separation Benefits.   During the one-year period immediately following any termination of employment which entitles a Change of Control Participant to Change of Control
Separation Benefits hereunder, such Change of Control Participant shall not enter into Competition with the Company.  For purposes of this Section, “Competition” means (i)  participating, directly or indirectly, as an
individual proprietor, partner, stockholder, officer, employee, director, joint venturer, investor, lender, consultant or in any capacity whatsoever (within the United States of America) in a business in competition with any business conducted by
the Company or any of its Affiliates, with regard to which the Change of Control Participant worked or otherwise had non-incidental responsibilities or had access to non-incidental confidential information, while employed by the Company or any of
its Affiliates; provided, however, that such participation shall not include: (x) the mere ownership of not more than 1% of the total outstanding stock of a publicly held company; (y) the performance of services for any enterprise to the extent such
services are not performed, directly or indirectly, for, or with regard to, a business unit of the enterprise in the aforesaid competition; or (z) any activity engaged in with the prior written approval of the Company; or (ii) directly or
indirectly, recruiting, soliciting or inducing, of any employee or employees of the Company or any of its Affiliates to terminate their 
 
22 
 

 
 
 
 employment with, or otherwise cease their relationship with, the Company or any of its Affiliates or hiring or assisting another person or entity to
hire any employee of the Company or any of its Affiliates.  If any restriction set forth with regard to Competition is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too
great a range of activities or in too broad a geographic area, it shall be interpreted to extend over the maximum period of time, range of activities or geographic area as to which it may be enforceable.  

5.3               No Offset.  The Company may require that a
Change of Control Participant affirm the requirements of this Article V in connection with receipt of Change of Control Separation Benefits hereunder, provided that in no event shall an asserted violation of the provisions of this Article V
constitute a basis for deferring or withholding any amounts otherwise payable to a Change of Control Participant under this Plan B.  

ARTICLE VI
 MISCELLANEOUS 
 6.1           
    Successors.  This Plan shall bind any successor of the Company, its assets or its businesses (whether direct or indirect, by purchase, merger, consolidation or otherwise), in the
same manner and to the same extent that the Company would be obligated under this Plan B if no succession had taken place.  The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Company to assume expressly and to honor this Plan B in the same manner and to the same extent that the Company would be required to honor it if no such succession had taken place. 
The term “Company,” as used in this Plan B, shall mean the Company as hereinbefore defined and any successor or assignee to the business or assets which by reason hereof becomes bound by this Plan B.

6.2               Amendment and Termination.  The Plan may be
terminated or amended in any respect by resolution adopted by the Committee, or by a duly authorized action of the Committee’s delegate, provided, that this Plan B may not, without the consent of all Change of Control Participants, be
terminated or amended in any manner which would adversely affect the rights or potential rights of Change of Control Participants unless (i) such termination or amendment takes effect only upon the first anniversary of its adoption (and becomes null
and void in the event of a Change of Control prior to such first anniversary) and (ii) such termination or amendment is not adopted in connection with, in anticipation of, during the six-month period prior to, or during the two-year period (or such
longer period as is necessary to ensure that all potential obligations under this Plan B have been satisfied) following a Change of Control.

6.3               Legal Fees.  The Company agrees to pay as
incurred (within 10 days following the Company’s receipt of an invoice from the applicable Change of Control Participant), at any time from the date of a Change of Control through such Change of Control Participant’s remaining lifetime
(or, if longer, through the 20th anniversary of the Change of Control), to the full extent permitted by law, all legal fees and expenses which a Change of Control Participant may reasonably incur as a result of any contest (regardless of
the outcome thereof) by the Company, such Change of Control Participant or others of the validity or enforceability of, or liability under, any provision of this Plan B or any guarantee of performance thereof (including as a result of any contest by
the Change of Control Participant about the amount of any payment pursuant to this Plan B), plus in each case Interest on any delayed payment; provided,
however, that in connection with a contest initiated by a Change of
Control Participant related to an Anticipatory Termination, if a Change of Control has not occurred during the pendency of such contest relating to an Anticipatory Termination (and unless and until such time as a Change of Control does occur during
the 12 months following the date of such Anticipatory Termination), the Company shall not pay such legal fees and expenses as incurred, but shall reimburse the Change of Control Participant for such legal fees and expenses within 30 days following
the final resolution of such contest if the Executive substantially prevails in such contest.  In order to comply with Section 409A, in no event shall payments by the Company under this Section 6.3 be made later than the end of the calendar
year 
  23 
 

 
 
 
 next following the calendar year in which the applicable fees and expenses were incurred (or, in connection with a contest related to an
Anticipatory Termination where such fees are reimbursable due to the resolution of such contest, following the calendar year in which such contest is finally resolved), provided that the applicable Change of Control Participant shall have submitted
an invoice for such fees and expenses at least 10 days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred (or, in connection with a contest related to an Anticipatory Termination where
such fees are reimbursable due to the resolution of such contest, following the calendar year in which such contest is finally resolved).  The amount of such legal fees and expenses that the Company is obligated to pay in any given calendar
year shall not affect the legal fees and expenses that the Company is obligated to pay in any other calendar year, and a Change of Control Participant’s right to have the Company pay such legal fees and expenses may not be liquidated or
exchanged for any other benefit.
 6.4             
 Compliance With Law.  Notwithstanding anything else contained herein, the Company shall not be required to make any payment or take any other action prohibited by law, including, but not
limited to, any regulation, directive, or order of federal or state regulatory authorities.
 6.5             
 Notices.  If notice is to be provided to the Company pursuant to the terms of this Plan B, such notice shall be delivered to the Senior Vice President of Human Resources, or if
otherwise designated, the senior human resources officer of the Company.  
 6.6             
 Employment Status.  This Plan does not constitute a contract of employment or impose on any Change of Control Participant, the Company, or any Affiliate of the Company any obligation to
retain any Change of Control Participant as an employee.
 6.7             
 Tax Withholding.  The Company may withhold from any amounts payable under this Plan B such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any
applicable law or regulation.
 6.8             
 Construction.  The invalidity or unenforceability of any provision of this Plan B shall not affect the validity or enforceability of any other provision of this Plan B, which shall
remain in full force and effect, and any prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  The captions of this Plan B are not part of the provisions
hereof and shall have no force or effect.  Neither a Change of Control Participant’s nor the Company’s failure to insist upon strict compliance with any provision of this Plan B or the failure to assert any right a Change of Control
Participant or the Company may have hereunder, including, without limitation, the right of the Change of Control Participant to terminate employment for Good Reason, shall not be deemed to be a waiver of such provision or right or any other
provision or right of this Plan B.
 6.9             
 Governing Law.  This Plan B is not subject to ERISA.  This Plan B shall be governed by and construed in accordance with the laws of the State of Minnesota, without reference to
principles of conflict of laws.
 6.10           Section 409A. 
This Plan B is intended to comply with the requirements of Section 409A of the Code or an exemption or exclusion therefrom and shall in all respects be interpreted and administered in accordance with Section 409A of the Code.  If any provision
of the Plan would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict.  Each payment under this Plan B shall be treated as a separate payment for purposes of
Section 409A of the Code.  In no event may a Participant, directly or indirectly, designate the calendar year of any payment to be made under this Plan B.  All reimbursements and in-kind benefits provided under this Plan B shall be made or
provided in accordance with the requirements of Section 409A of the Code, including, without limitation, that (i) in no event shall reimbursements by the Company under this Plan B be made later than the end of the calendar year next following the
calendar year in which the applicable fees and expenses were incurred, provided, that the 
 
24 
 

 
 
 
 applicable Participant shall have submitted an invoice for such fees and expenses at least 10 days before the end of the calendar year next
following the calendar year in which such fees and expenses were incurred; (ii) the amount of in-kind benefits that the Company is obligated to pay or provide in any given calendar year shall not affect the in-kind benefits that the Company is
obligated to pay or provide in any other calendar year; (iii) the applicable Participant’s right to have the Company pay or provide such reimbursements and in-kind benefits may not be liquidated or exchanged for any other benefit; and (iv) in
no event shall the Company’s obligations to make such reimbursements or to provide such in-kind benefits apply later than the applicable Participant’s remaining lifetime (or if longer, through the 20th anniversary of the Date of
Termination).  
  
 
25

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