Document:

exhibit_10-1.htm

    

    Exhibit
10.1

    
 

    
 

     

    Itron,
Inc.

    
       

       

       

      

        Long-Term
Performance Plan Specifications and Guidelines

      

       

      

    

    

    Amended
by the Compensation Committee of the Board of Directors on February 16, 2005,
August 1, 2005, February 15, 2006, February 22, 2007, February 14,
2008

    

    

    

    
      

      

      

      

This
document constitutes part of a prospectus for securities that have been
registered under the Securities Exchange Act of 1933, as amended, and
supplements a Plan Summary dated May 9, 2006 for the 

      Itron, Inc. Amended
and Restated 2000 Stock Incentive Plan.

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Purpose

    

    Long-term
incentives serve to align, motivate and reward executives for their
contributions to the long-term financial success and growth of Itron, Inc.
("Itron" or the "Company").  The objectives for the Long-Term
Performance Plan (or "LTPP") are to:

    

    
      	
              ·  

            	
              Provide
      a greater long-term orientation and competitiveness to total compensation
      for Itron executives, by establishing a performance-based component, paid
      out in restricted stock unit awards for shares of Itron common stock
      (“RSUs”);

            

    

    

    
      	
              ·  

            	
              Align
      individual executive rewards with shareholder value over a long-term
      period, based on the achievement of predetermined annual objectives whose
      achievement will be rewarded with RSUs to be vested after a three-year
      waiting period; and

            

    

    

    
      	
              ·  

            	
              Enable
      Itron to meet competitive total compensation needs in attracting and
      retaining critical executive
talent.

            

    

    

    Overview

    

    The
Long-Term Performance Plan provides performance share awards that are
contingent on the attainment of annual performance goals.  The length
of each performance period will be one year, unless the Compensation Committee
of the Board of Directors provides otherwise.  At the beginning of the
performance period, goals are established which are designed to measure the
degree of business success over the timeframe.  The Compensation
Committee reviews and approves goals that are recommended by
management.  At the end of the period, performance against the goals
is assessed and payouts are determined.

    

    Business
results for Itron will be measured over the performance
period.  Payouts will be in RSUs granted under the Company’s
Amended and Restated 2000 Stock Incentive Plan (“Plan”) and, unless the
Compensation Committee determines otherwise in its sole discretion with respect
to an award granted to a particular participant, awards will vest at the end of
a three-year period.  This vesting period will both serve as an
executive retention tool and tie executive performance to shareholder
value.

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Eligibility

    

    Eligibility
for the plan will include senior management and key executives who impact
organization-wide results.  Actual participation will be based on
recommendation by the Chief Executive Officer and approval by the Compensation
Committee.  Current plan participants are recapped in the attached
Appendix I.  Other executives may be eligible for future awards, upon
recommendation of the Chief Executive Officer and approval by the Compensation
Committee.  The tier structure set forth on Appendix I and Appendix II
may be changed at the recommendation of the Chief Executive Officer and the
approval of the Compensation Committee of the Board of Directors.

    

    Participation
in the Long-Term Performance Plan for a given period will not be construed to
confer a right to participate in the plan in any subsequent period, or the right
to continue in the Company’s employment.

    

    Award
Opportunities

    

    Award
opportunities, denominated in units of Itron common stock, will be
established for each executive at the beginning of the performance
period.  Target awards ("LTPP Target Awards") will be calculated as a
percentage of base salary that is in existence at the beginning of the
performance period, with the resulting dollar amount converted to a rounded
number of units of Itron common stock based on the fair market value (closing
price) of Itron’s common stock on the first business day of the performance
period.  In addition, threshold and maximum award levels will be
established as a percent of the LTPP Target Award.  The number of RSUs
to be awarded will increase or decrease as performances goes beyond or falls
short of the performance objectives for that performance period.

    

    Annually,
Itron establishes a budget for the coming year.  Goals, financial and
otherwise, as established in the budget do not necessarily reflect the same
goals that will be used for the LTPP.

    

    Performance
Measurement

    

    At the
beginning of each performance period, the Chief Executive Officer will recommend
and communicate the specific range of performance objectives for the Company to
the Compensation Committee.  The goals and the key performance factors
will be reviewed and approved by the Compensation Committee.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Performance
Measures

    

    Performance
objectives will be set on the basis of corporate plans for the following
performance period, condition of the utility industry and competitive
performance in the market place.  In the process of determining
appropriate LTPP goals, consideration will be given to proposed acquisitions,
financing and other major issues that could have material impact on the
financial performance of the Company.  Typical performance measures
may include but are not limited to: Revenue Growth, Earnings Growth, Cash Flow,
Return on Capital Employed, Net Operating Profit after Tax, Normalized Earnings
per Share or a combination of measures.

    

    Performance
Weighting

    

    Corporate
performance will determine 100% of the award for some plan
participants.  Performance for other organization levels, i.e.
business segment, product group, etc., may also be included.

    

    Performance/Payout
Relationship

    

    A range
of performance levels -- including threshold, target, and maximum -- and
associated payouts will be established at the beginning of the performance
period.  As well, in any performance period performance hurdles could
be established.  At the end of each performance period, Itron’s actual
performance against the goals established for that performance period will be
assessed and the resulting payouts determined.

    

    Performance
and payout opportunity will be expressed as a percentage of the LTPP Target
Award.  For example, achieving 100% of the performance goals may
result in participants receiving 100% of the LTPP Target Award.

    

    Payouts
will be linearly interpolated for performance achievement between the indicated
levels.  The Compensation Committee may use discretion to set
threshold levels and determine final award payouts.

    

    Non-GAAP
Results

    

    In
calculating performance attainment, non-GAAP results will generally be
used.  Non-GAAP results, as defined, will be GAAP numbers adjusted for
IPR&D, amortization of intangibles, amortization of debt placement fees,
restructuring charges and other extraordinary events subject to approval by the
Compensation Committee of the Board.  Adjustments to GAAP for the
purpose of non-GAAP results will be discussed with the Compensation Committee at
the time of the event and confirmed by the Compensation Committee at its next
scheduled meeting.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Payouts

    

    Final
payouts will be announced as soon after the end of the performance period
as practical, and be in the form of RSUs with a three-year cliff vesting
period.  An RSU provides the right to receive one share of Itron
common stock (at a specified future date), subject to vesting restrictions.
Unless otherwise provided herein, as RSUs vest, participants receive stock
certificates evidencing their ownership of shares.

    

    New
Participants

    

    An
employee hired into an eligible position during a performance period may begin
participation in the subsequent performance period or, at the recommendation of
the Chief Executive Officer and approval by the Compensation Committee, in the
ongoing performance period.  New participants permitted to join an
ongoing performance period will be eligible to receive a prorated payout based
on the number of full months worked during the performance period (rounded to
the nearest whole number of RSUs).  New participants in the plan will
be nominated by the Chief Executive Officer and approved by the Compensation
Committee.

    

    Changes
in Employment

    

    Participants
who terminate employment during a performance period for any reason, including
termination for Cause (as defined in the Plan), voluntary termination, discharge
by the Company, death, disability, or retirement will forfeit their award
payment for that performance period.

    

    Participants
who, during a vesting period for RSUs issued in connection with a prior
performance period, terminate employment for any reason, except termination for
Cause, will vest in a pro-rata portion of their RSUs based on the number of full
months worked during the vesting period for the RSUs (rounded to down to the
nearest whole number of RSUs); provided that the termination of employment must
constitute a “separation from service” under Section 409A of the Internal
Revenue Code of 1986, as amended (“Code”), and the regulations thereunder
(“Section 409A”); and provided further that, the RSUs will not be settled in
shares of Itron common stock until date that is six months after such separation
from service.  In the event a participant’s termination of employment
does not constitute a “separation from service” under Section 409A, then the
participant will still vest in a pro-rata portion of his or her RSUs based on
the number of full months worked during the vesting period for the RSUs (rounded
down to the nearest whole number of RSUs), but the RSUs will not be settled in
shares of Itron common stock until the date that the RSUs would otherwise have
vested (i.e., three years from the date of grant).  Participants who
are terminated for Cause will forfeit their entire unvested award
payment(s).

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Change
in Control

    

    All
outstanding awards will be accelerated and paid out at maximum levels
immediately prior to a change in control of the Company and payout will be in
the form of fully vested shares of Itron common stock.  In addition,
any outstanding unvested RSUs issued in connection with a prior performance
period will accelerate in full immediately prior to a change in control of the
Company.  “Change in control” for this purpose means a transaction
that meets the definition of (a) a Corporate Transaction (other than a Related
Party Transaction) as defined in the Plan or (b) a Change in Control as defined
in the Company’s standard change in control agreements in effect at the time;
but in any event, the transaction must constitute a change in control event
within the meaning of Section 409A.

    

    Tax
Consequences

    

    Participants
will not be deemed to receive income at the time an award is
granted.  Likewise, participants will not be deemed to receive income
at the time an award is paid in RSUs.  However, participants will
generally recognize taxable ordinary income when unrestricted shares are
received upon vesting of the RSUs (or upon distribution if the RSUs have been
deferred), in an amount equal to the excess of the fair market value of the
shares at such time over the amount, if any, paid for the shares.

    

    The
Company may be entitled to a deduction at the same time and in the same amount
as a participant recognizes ordinary income, subject to certain limitations on
deductions for compensation under Section 162(m) of the Code.

    

    This is
only a brief summary of the U.S. federal income tax laws and regulations that
apply to an award under the plan.  Participants should not rely on
this summary for a complete statement of such laws and
regulations.  The tax laws and regulations are complex and are subject
to legislative changes.  In addition, circumstances peculiar to
certain individuals may change the usual income tax results.  FOR THESE REASONS, PARTICIPANTS
SHOULD CONSULT A TAX ADVISOR TO DETERMINE THE INCOME TAX CONSEQUENCES OF AN
AWARD UNDER THE PLAN.

    

    Governance

    

    Senior
management and the Compensation Committee will be responsible for the
administration and governance of the plan.  The decisions of the
Committee shall be conclusive and binding on all participants.

    

    Amendment,
Modification, or Termination of the Plan

    

    Itron, by
action of its Board of Directors and/or Compensation Committee, reserves the
right to amend, modify, or terminate the plan at any time.

    
      
         

      

      
        5exhibit_10-2.htm

    Exhibit 10.2

     

     

                                            Form for LTPP

    
    

    
    

    
      	
               

              ITRON,
      INC.

            
	
              RESTRICTED
      STOCK UNIT AWARD NOTICE

            
	
              AMENDED
      AND RESTATED 2000 STOCK INCENTIVE
PLAN

            

    

    
      	
               Itron,
      Inc. (the "Company")
      hereby grants to Participant a Restricted Stock Unit Award (the "Award").  The
      Award is subject to all the terms and conditions set forth in this
      Restricted Stock Unit Award Notice (the "Award
      Notice"), the Restricted Stock Unit Award Agreement, the Itron,
      Inc. Amended and Restated 2000 Stock Incentive Plan (the "Plan")
      and the Itron, Inc. Long-Term Performance Plan (the "LTPP"),
      which are incorporated into the Award Notice in their
      entirety.

            

    

    
      	
            
	
               

              Participant:                                    _____________________________

               

            

    

    Grant Date:                                    ________ __,
200_

     

    Vesting Commencement
Date:                         ________ __,
200_

     

    Number of Restricted Stock
Units:                      __________

     

    Vesting Schedule:    The Award
will vest in full on the third anniversary of the Grant Date.

     

    
    

    
    

    
      	
              Additional
      Terms/Acknowledgement:  The undersigned Participant
      acknowledges receipt of, and understands and agrees to, the Award Notice,
      the Restricted Stock Unit Award Agreement, the LTPP and the Plan Summary
      for the Plan.  Participant further acknowledges that as of the
      Grant Date, the Award Notice, the Restricted Stock Unit Award Agreement,
      the LTPP and the Plan set forth the entire understanding between
      Participant and the Company regarding the Award and supersede all prior
      oral and written agreements on the
subject.

            

    

    
      	
            
	
               

               

              ITRON,
      INC.

            
	 
      
	
              By:           ____________________________

            
	
              Its:           ____________________________

            

    

     

     

     

    PARTICIPANT
 
 

    [Name]          ______________________

    Taxpayer
ID:            ________________________                                                         

    Address:              ______________________

                 
________________________                                                       
 

     

    Attachments:

    1.  Restricted
Stock Unit Award Agreement

    2.  Plan
Summary for the Amended and Restated 2000 Stock Incentive Plan

    3.  Long-Term
Performance Plan

     

     
 

    
    

    
      
        
          
            	 
      

          

          
            	 
      
	
                     

                  

          

        

         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
              ITRON,
      INC.

            
	
              AMENDED
      AND RESTATED 2000 STOCK INCENTIVE
PLAN

            

    

    
      	
               

              RESTRICTED
      STOCK UNIT AWARD AGREEMENT

            

    

    
      	
               

              Pursuant
      to your Restricted Stock Unit Award Notice (the "Award
      Notice"), this Restricted Stock Unit Award Agreement (this "Agreement")
      and the Itron, Inc. Long-Term Performance Plan, Itron, Inc.
      (the "Company")
      has granted you a Restricted Stock Unit Award (the "Award")
      under its Amended and Restated 2000 Stock Incentive Plan (the "Plan")
      for the number of Restricted Stock Units indicated in your Award
      Notice.  Capitalized terms not explicitly defined in this
      Agreement but defined in the Plan shall have the same definitions as in
      the Plan.

               

            

    

    
      	
              The
      details of the Award are as
follows:

            

    

    
      	
               

              1. 
      Vesting

            

    

    
      	
               

              The
      Award will vest according to the vesting schedule set forth in the Award
      Notice (the "Vesting
      Schedule"). One share of the
      Company's Common Stock will be issuable for each Restricted Stock Unit
      that vests.  Restricted Stock Units that have vested and are no
      longer subject to forfeiture according to the Vesting Schedule are
      referred to herein as "Vested
      Units."  Restricted
      Stock Units that have not vested and remain subject to forfeiture under
      the Vesting Schedule are referred to herein as "Unvested
      Units."  The
      Unvested Units will vest (and to the extent so vested cease to be Unvested
      Units remaining subject to forfeiture) in accordance with the Vesting
      Schedule (the Unvested and Vested Units are collectively referred to
      herein as the "Units").  Unless
      otherwise provided in this Agreement, as soon as practicable after
      Unvested Units become Vested Units, the Company will settle the Vested
      Units by issuing to you one share of the Company's Common Stock for each
      Vested Unit.  The Award will terminate and the Unvested Units
      will be subject to forfeiture upon your termination of employment as set
      forth in Section 2.

            

    

    
      	
               

              2. 
      Termination of Employment; Corporate
Transaction

            

    

    
      	
               

              2.1           Termination
      of Employment

            

    

    
      	
               

              Except
      as provided in Section 2.2 below, if your employment terminates during the
      Units' vesting period for any reason other than Cause, the Unvested Units
      will vest pro-rata, based on the number of full months of employment with
      the Company during the vesting period (rounded to down to the nearest
      whole number); provided, however, that your termination of employment must
      constitute a "separation from service" under Section 409A of the Code and
      the regulations thereunder ("Section
      409A"); and, provided further, that the Units that become Vested
      Units as a result of such pro-rata vesting will not be settled in shares
      of Common Stock until the date that is six months after such separation
      from service.  In the event that your termination of employment
      does not satisfy the definition of "separation from service" under Section
      409A, then Unvested Units will still vest pro-rata, based on the number of
      full months of employment with the Company during the vesting period
      (rounded to down to the nearest whole number), but the Units that become
      Vested Units as a result of such pro-rata vesting will not be settled in
      shares of Common Stock until the date they would otherwise have vested
      (i.e., three years from the date of grant).  If your employment
      terminates for Cause, any Unvested Units will be forfeited to the
      Company.

            
	
              2.2           Corporate
      Transaction

            
	
              In
      the event of (a) a Corporate Transaction (other than a Related Party
      Transaction) or (b) a Change in Control as defined in the Company's
      standard change in control agreements in effect at that time, in either
      case, provided that the transaction also constitutes a change in control
      event within the meaning of Section 409A, any Unvested Units will
      accelerate in vesting and become Vested Units immediately prior to such
      transaction.

            

    

    
      	
               

              3. 
      Securities Law Compliance

            

    

    
      	
               

              3.1           You
      represent and warrant that you (a) have been furnished with a copy of
      the prospectus for the Plan and all information which you deem necessary
      to evaluate the merits and risks of receipt of the Award, (b) have
      had the opportunity to ask questions and receive answers concerning the
      information received about the Award and the Company, and (c) have
      been given the opportunity to obtain any additional information you deem
      necessary to verify the accuracy of any information obtained concerning
      the Award and the Company.

            
	
              3.2           You
      hereby agree that you will in no event sell or distribute all or any part
      of the shares of the Company's Common Stock that you receive pursuant to
      settlement of this Award (the "Shares")
      unless (a) there is an effective registration statement under the
      Securities Act of 1933, as amended (the "Securities
      Act") and applicable state securities laws covering any such
      transaction involving the Shares or (b) the Company receives an
      opinion of your legal counsel (concurred in by legal counsel for the
      Company) stating that such transaction is exempt from registration or the
      Company otherwise satisfies itself that such transaction is exempt from
      registration.  You understand that the Company has no obligation
      to you to register the Shares with the Securities and Exchange Commission
      and has not represented to you that it will so register the
      Shares.

            
	
              3.3           You
      confirm that you have been advised, prior to your receipt of the Shares,
      that neither the offering of the Shares nor any offering materials have
      been reviewed by any administrator under the Securities Act or any other
      applicable securities act (the "Acts")
      and that the Shares cannot be resold unless they are registered under the
      Acts or unless an exemption from such registration is
      available.

            
	
              3.4           You
      hereby agree to indemnify the Company and hold it harmless from and
      against any loss, claim or liability, including attorneys' fees or legal
      expenses, incurred by the Company as a result of any breach by you of, or
      any inaccuracy in, any representation, warranty or statement made by you
      in this Agreement or the breach by you of any terms or conditions of this
      Agreement.

            

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               

              4. 
      Transfer Restrictions

            

    

    
      	
               

              Units
      shall not be sold, transferred, assigned, encumbered, pledged or otherwise
      disposed of, whether voluntarily or by operation of
  law.

            

    

    
      	
               

              5. 
      No Rights as Shareholder

            

    

    
      	
               

              You
      shall not have voting or other rights as a shareholder of the Company with
      respect to the Units.

            

    

    
      	
               

              6. 
      Independent Tax Advice

            

    

    
      	
               

              You
      acknowledge that determining the actual tax consequences to you of
      receiving or disposing of the Units and Shares may be
      complicated.  These tax consequences will depend, in part, on
      your specific situation and may also depend on the resolution of currently
      uncertain tax law and other variables not within the control of the
      Company.  You are aware that you should consult a competent and
      independent tax advisor for a full understanding of the specific tax
      consequences to you of receiving the Units and receiving or disposing of
      the Shares.  Prior to executing this Agreement, you either have
      consulted with a competent tax advisor independent of the Company to
      obtain tax advice concerning the receipt of the Units and the receipt or
      disposition of the Shares in light of your specific situation or you have
      had the opportunity to consult with such a tax advisor but chose not to do
      so.

            

    

    
      	
               

              7. 
      Book Entry Registration of Shares

            
	
              The Company will issue the Shares
      by registering the Shares in book entry form with the Company's transfer
      agent in your name and the applicable restrictions will be noted in the
      records of the Company's transfer agent and in the book entry
      system.

            

    

    
      	
               

              8. 
      Withholding

            

    

    
      	
               

              8.1           You
      are ultimately responsible for all taxes owned in connection with this
      Award (e.g., at vesting and/or upon receipt of the Shares), including any
      domestic or foreign tax withholding obligation required by law, whether
      national, federal, state or local, including FICA or any other social tax
      obligation (the "Tax
      Withholding Obligation"), regardless of any action the Company or
      any Related Corporations take with respect to any such Tax Withholding
      Obligation that arises in connection with this Award.  The
      Company may refuse to issue any Shares to you until you satisfy the Tax
      Withholding Obligation.

            

    

     

    8.2           Notwithstanding
the foregoing, by accepting this agreement and in order to satisfy your
obligations set forth in this Section 8, you understand and agree that you may
be required to enter into a trading plan (which would comply with the
requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act) with a brokerage
firm acceptable to the Company for such purpose (the "Agent"),
and to authorize the Agent to:

     

    
      	
              (a)  

            	
              sell
      on the open market at the then prevailing market price(s), on your behalf,
      on or as soon as practicable after the vesting date for any Unvested
      Units, the number of Shares (rounded up to the next whole number) issuable
      to you upon settlement of Vested Units sufficient to generate proceeds to
      cover the withholding taxes that you are required to pay pursuant to this
      Section 8 and all applicable fees and commissions due to, or required to
      be collected by, the Agent; and

            

    

     

    
      	
              (b)  

            	
              remit
      any remaining funds to you.

            

    

     

     

    8.3           Notwithstanding
the forgoing, to the maximum extent permitted by law, the Company has the right
to retain without notice from Shares issuable under the Award or from salary or
other amounts payable to you, Shares or cash having a value sufficient to
satisfy the Tax Withholding Obligation.

    
      	
               

              9. 
      General Provisions

            

    

    
      	
               

              9.1           Notices.  Whenever
      any notice is required or permitted hereunder, such notice must be in
      writing and personally delivered or sent by mail.  Any notice
      required or permitted to be delivered hereunder will be deemed to be
      delivered on the date on which it is personally delivered, or, whether
      actually received or not, on the third business day after it is deposited
      in the United States mail, certified or registered, postage prepaid,
      addressed to the person who is to receive it at the address that such
      person has theretofore specified by written notice delivered in accordance
      herewith.  You or the Company may change, by written notice to
      the other, the address previously specified for receiving
      notices.  Notices delivered to the Company should be addressed
      as follows:

            

    

     

    Company:                                Itron,
Inc.

    
      	
              Attn:  General
      Counsel

            
	
              2111 N. Molter
    Road

            
	
              Liberty Lake, Washington
      99019

            

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
               

              9.2           Assignment.  The
      Company may assign its rights under this Agreement at any time, whether or
      not such rights are then exercisable, to any person or entity selected by
      the Company's Board of Directors.

            
	
              9.3           No Waiver.  No
      waiver of any provision of this Agreement will be valid unless in writing
      and signed by the person against whom such waiver is sought to be
      enforced, nor will failure to enforce any right hereunder constitute a
      continuing waiver of the same or a waiver of any other right
      hereunder.

            
	
              9.4           Undertaking.  You
      hereby agree to take whatever additional action and execute whatever
      additional documents the Company may deem necessary or advisable in order
      to carry out or effect one or more of the obligations or restrictions
      imposed on either you or the Units pursuant to the express provisions of
      this Agreement.

            
	
              9.5           Agreement Is Entire
      Contract.  This Agreement, the Award Notice, the Plan and
      the LTPP constitute the entire contract between the parties hereto with
      regard to the subject matter hereof and supersede all prior oral or
      written agreements on the subject.  This Agreement is made
      pursuant to the provisions of the Plan and the LTPP and will in all
      respects be construed in conformity with the express terms and provisions
      of the Plan and the LTPP.

            
	
              9.6           Successors and
      Assigns.  The provisions of this Agreement will inure to
      the benefit of, and be binding on, the Company and its successors and
      assigns and you and your legal representatives, heirs, legatees,
      distributees, assigns and transferees by operation of law, whether or not
      any such person will have become a party to this Agreement and agreed in
      writing to join herein and be bound by the terms and conditions
      hereof.

            
	
              9.7           No Employment or Service
      Contract.  Nothing in this Agreement will affect in any
      manner whatsoever the right or power of the Company, or Related
      Corporations, to terminate your employment or services on behalf of the
      Company, for any reason, with or without Cause.

            
	
              9.8           Section 409A
      Compliance.  Notwithstanding any provision in the Plan or
      this Agreement to the contrary, the Plan Administrator may, at any time
      and without your consent, modify the terms of the Award as it determines
      appropriate to avoid the imposition of interest or penalties under Section
      409A.

            
	
              9.9           Counterparts.  This
      Agreement may be executed in two or more counterparts, each of which will
      be deemed an original, but which, upon execution, will constitute one and
      the same instrument.

            
	
              9.10           Governing
      Law.  This Agreement will be construed and administered
      in accordance with and governed by the laws of the State of Washington
      without giving effect to principles of conflicts of
law.

            
	
              NOTE:  Sections 9.11 and 9.12 below
      are for awards to foreign employees only.  These provisions,
      along with the rest of this agreement, should be reviewed by local counsel
      for each country in which you are making grants.

            
	
              9.11           Limitation on Rights; No Right
      to Future Grants; Extraordinary Item of Compensation.  By
      entering into this Agreement and accepting the grant of the Award
      evidenced hereby, you acknowledge that: (a) the Plan is discretionary
      in nature and may be amended, suspended or terminated by the Company at
      any time; (b) the grant of the Award is a one-time benefit which does
      not create any contractual or other right to receive future awards, or
      benefits in lieu of awards; (c) all determinations with respect to
      any such future awards, including, but not limited to, the times when
      awards will be granted, the number of shares subject to each award, the
      price of the award, if any, the time or times when each award will vest
      and/or become exercisable, will be at the sole discretion of the Company;
      (d) your participation in the Plan is voluntary; (e)  the value
      of the Award is an extraordinary item of compensation which is outside the
      scope of your employment contract, if any; (f) the Award is not part
      of normal or expected compensation for purposes of calculating any
      benefits, severance, resignation, termination, redundancy, end of service
      payments, bonuses, long-service awards, pension or retirement benefits or
      similar payments, and you will have no entitlement to compensation or
      damages as a consequence of your forfeiture of any unvested portion of the
      Award as a result of your termination of employment for any reason;
      (g) the vesting of the Award ceases upon your termination of
      employment for any reason except as may otherwise be explicitly provided
      in the Plan or this Agreement or otherwise permitted by the Plan
      Administrator; (h) the future value of the Shares underlying the
      Award is unknown and cannot be predicted with certainty; and (i) in the
      event that you are not a direct employee of the Company, the grant of the
      Award will not be interpreted to form an employment or other relationship
      with the Company.

            
	
              9.12           Employee Data
      Privacy.  By entering into this Agreement and accepting
      the Award, you (a) explicitly and unambiguously consent to the
      collection, use and transfer, in electronic or other form, of any of your
      personal data that is necessary to facilitate the implementation,
      administration and management of the Award and the Plan; (b) understand
      that the Company and your employer may, for the purpose of implementing,
      administering and managing the Plan, hold certain personal information
      about you, including, but not limited to, your name, home address and
      telephone number, date of birth, social insurance number or other
      identification number, salary, nationality, job title and details of all
      awards or entitlement to the Common Stock granted to you under the Plan or
      otherwise ("Data");
      (c) understand that Data may be transferred to any third parties assisting
      in the implementation, administration and management of the Plan,
      including any broker with whom the Shares issued upon vesting/settlement
      of the Award may be deposited, and that these recipients may be located in
      your country or elsewhere, and that the recipient's country may have
      different data privacy laws and protections than your country; (d) waive
      any data privacy rights you may have with respect to the Data; and (e)
      authorize the Company, its Related Corporations and its agents to store
      and transmit such information in electronic
  form.

            

    

    
      
        
          
            	 
      
	
                     

                  

          

        

         

      

      
        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]