Document:

Exhibit

EXHIBIT 10.1

CNA NON-QUALIFIED SAVINGS PLAN 
Restated as of January 1, 2018

CNA NON-QUALIFIED SAVINGS PLAN

TABLE OF CONTENTS

	
				
	ARTICLE I GENERAL PROVISIONS ................................................................
	1

	1.1
	

	Purpose ...........................................................................................................
	1

	1.2
	

	Effective Date .................................................................................................
	1

	1.3
	

	Company and Employers ...............................................................................
	1

	1.4
	

	Plan Year ........................................................................................................
	1

	1.5
	

	Definitions and Rules of Construction ...........................................................
	1

	 
	 
	 

	ARTICLE II ELIGIBILITY AND BENEFITS ....................................................
	5

	2.1
	

	Eligibility ........................................................................................................
	5

	2.2
	

	Elective Deferrals ...........................................................................................
	6

	2.3
	

	Employer Contributions .................................................................................
	7

	2.4
	

	Earnings ..........................................................................................................
	8

	2.5
	

	Vesting ............................................................................................................
	9

	2.6
	

	Time and Form of Payment ............................................................................
	9

	2.7
	

	Death Benefits ................................................................................................
	11

	2.8
	

	Excess Benefit Plan Participants ....................................................................
	11

	2.9
	

	Former Participants in Surety Plans ...............................................................
	12

	 
	 
	 

	ARTICLE III PAYMENT OF BENEFITS ............................................................
	14

	3.1
	

	Source of Payment .........................................................................................
	14

	3.2
	

	Establishment of Trust ....................................................................................
	14

	3.3
	

	Withdrawals for Financial Emergency ...........................................................
	14

	3.4
	

	Withholding and Payroll Taxes ......................................................................
	15

	3.5
	

	Payment on Behalf of Disabled or Incompetent Persons ...............................
	15

	3.6
	

	Missing Participants or Beneficiaries .............................................................
	16

	3.7
	

	Other Permitted Distributions ........................................................................
	16

	3.8
	

	Recovery of Erroneous Distributions .............................................................
	16

	 
	 
	 

	ARTICLE IV ADMINISTRATION .......................................................................
	17

	4.1
	

	Administrator .................................................................................................
	17

	4.2
	

	Administrator's Powers ..................................................................................
	17

	4.3
	

	Binding Effect of Rulings ..............................................................................
	18

	4.4
	

	Claims Procedure ...........................................................................................
	18

	4.5
	

	Indemnity .......................................................................................................
	20

 i

	
				
	ARTICLE V AMENDMENT AND TERMINATION OF PLAN ........................
	21

	5.1
	

	Amendment ....................................................................................................
	21

	5.2
	

	Termination ....................................................................................................
	21

	 
	 
	 

	ARTICLE VI MISCELLANEOUS ........................................................................
	22

	6.1
	

	Status of Plan ..................................................................................................
	22

	6.2
	

	Nonassignability .............................................................................................
	22

	6.3
	

	No Contract of Employment ..........................................................................
	22

	6.4
	

	Participant Litigation ......................................................................................
	22

	6.5
	

	Participant and Beneficiary Duties .................................................................
	23

	6.6
	

	Governing Law ...............................................................................................
	23

	6.7
	

	Validity ...........................................................................................................
	23

	6.8
	

	Notices ............................................................................................................
	23

	6.9
	

	Successors ......................................................................................................
	23

	 
	 
	 

	APPENDIX A FULL VESTING OF PARTICIPANT AFFECTED BY CERTAIN EVENTS ...........
	25

	 
	 
	 

	APPENDIX B EXCESS BENEFIT PLAN .........................................................................................
	26

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CNA NON-QUALIFIED SAVINGS PLAN
ARTICLE I
GENERAL PROVISIONS

1.1    Purpose.  The purpose of this CNA Non-Qualified Savings Plan (the “Plan”) is to enable selected Employees and former Employees of CNA Financial Corporation (the “Company”) or its subsidiaries (the “Employers”) to elect to defer additional compensation, and receive additional matching and other Company contributions, to compensate them for the limitations imposed upon their benefits under the CNA 401(k) Plus Plan in order to comply with the requirements of the Internal Revenue Code (the “Code”), and also to permit the Employers to provide additional amounts of deferred compensation for other key Employees and former Employees.  The Plan was originally adopted jointly by the Company and Continental Casualty Company, one of the Employers, effective as of January 1, 1987, under the name CNA Employees’ Supplemental Savings Plan, and has been amended from time to time.  The Plan was most recently restated as of January 1, 2009, pursuant to which restatement the Company was granted the authority to adopt further amendments to the Plan.  The Plan is hereby further amended to incorporate certain amendments made since the last restatement, and to make other changes.

1.2    Effective Date.  The Plan was originally effective as of January 1, 1987, and was most recently restated as of January 1, 2009, in order to comply with the final regulations under §409A of the Code.  This amendment and restatement of the Plan shall be effective as of January 1, 2018.  Except as otherwise explicitly provided below, the rights of a Participant whose employment terminated, or who otherwise became entitled to receive benefits, under the Plan prior to January 1, 2018, shall be determined under the terms of the Plan as in effect at such time.

1.3    Company and Employers.  The Plan is adopted for the benefit of selected Employees and former Employees of the Company and the Employers.  As of the effective date of this restatement, Continental Casualty Company is the only Employer participating in the Plan.  The Administrator may permit any other company that is an affiliate or subsidiary of the Company to participate in the Plan in such manner as the Administrator may determine.  Each Employer is liable for the payment of benefits to a Participant that is or was an Employee of such Employer.  The Company is the sponsor of the Plan for purposes of ERISA and the issuer of all interests in the Plan for securities laws purposes.

1.4    Plan Year.  The Plan Year of the Plan shall coincide with the calendar year, except as the Administrator shall otherwise determine.
    
1.5    Definitions and Rules of Construction.  As used in this Plan, certain capitalized terms shall have the meanings set forth below.  Capitalized terms not defined herein shall have the meaning set forth in the CNA 401(k) Plus Plan, if applicable.  Nouns and pronouns which are of one gender shall be construed to include all genders, and the singular shall include the plural and vice-versa, except as the context otherwise clearly requires.  Article and Section headings are for ease of reference only and shall have no substantive meaning.

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(a)    “Account” means the separate bookkeeping account maintained on the books of a Participant’s Employer to reflect the amount owed to him pursuant to this Plan.  Each Account shall be divided into the following subaccounts:

		
	(i)
	The Deferred Account shall include the amounts deferred by the Participant pursuant to Section 2.2 and the income attributable thereto.

		
	(ii)
	The Matching Account shall include any amounts credited to the Participant pursuant to Section 2.3(a) or (b) and the income attributable thereto.

		
	(iii)
	The Employer Account shall include any amounts credited to the Participant pursuant to Section 2.3(c) and the income attributable thereto.

Each Account of each Participant who participated in the Plan prior to January 1, 2005, shall be divided into a Pre-2005 and a Post-2004 portion, as follows:
		
	(iv)
	The Pre-2005 portion of the Deferred Account shall consist of all amounts allocated to the Deferred Account on or before December 31, 2004, and any earnings thereon.

		
	(v)
	The Pre-2005 portion of the Matching Account and the Employer Account shall consist of the vested portions of such Accounts as of December 31, 2004, and any earnings thereon.

		
	(vi)
	The Post-2004 portion of each Account shall consist of any amount not included in the Pre-2005 Portion.

The Administrator may establish additional subaccounts within a Participant’s Account, or may combine two or more subaccounts.  The term “Account”, when not otherwise specified, shall refer collectively to all of the subaccounts comprising a Participant’s Account, and the terms “Pre-2005 Account” and “Post-2004 Account” shall mean, respectively, the Pre-2005 and Post-2004 Portions of a Participant’s Accounts.  
If a Participant participates in the Plan both as an Employee and subsequently as a former Employee, he or she shall have two separate Accounts, and any election made by him with respect to one Account shall have no effect on the other Account.
(b)    “Administrator” means the Company or such other person as the Company shall designate pursuant to Section 4.1.
(c)    “Beneficiary” means the person or persons designated to receive the Participant’s Account in the event of his or her death pursuant to Section 2.7. 

(d)    “Board” means the Board of Directors of the Company. 

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(e)    “Code” means the Internal Revenue Code of 1986, and any treasury regulations, rulings or other authoritative administrative pronouncements interpreting the Code.  If any provision of the Code specifically referred to herein is amended or replaced, the reference shall be deemed to be to the provision as so amended, or to the new provision, if such reference is consistent with the purposes of the Plan.

(f)    “Company” means CNA Financial Corporation, and any successor thereto that assumes the obligations of the Company under this Plan. 

(g)    “Compensation” means Compensation as defined in Section 2.1(j) of the CNA 401(k) Plus Plan for purposes of determining a Participant’s Before-Tax, After-Tax and Matching Contributions, but without regard to any limits on includable compensation imposed by the Tax Limits.

(h)    “Controlled Group” means the Company and all other entities that are part of a controlled group of corporations, or group of trades or businesses under common control, that includes the Company as defined in §414(b) or (c) of the Code; including, for avoidance of doubt, Loews Corporation and its respective 80% owned subsidiaries.

(i)    “Deferral Agreement” means an agreement between an Active Participant and his or her Employer specifying that a portion of his or her Compensation shall be withheld and credited to his or her Account in the Plan pursuant to Section 2.2, or providing that additional amounts will be credited to his or her Account pursuant to Section 2.3, or both, and any amendment thereto.  To the extent determined by the Administrator, a Deferral Agreement may take the form of an election made by the Participant either in writing or through electronic communications, and a Participant’s election to participate in the CNA 401(k) Plus Plan may be treated as a Deferral Agreement under this Plan in the absence of a contrary election.  The term “Deferral Agreement” may also refer to any provision of an employment, consulting, severance, or other agreement for the performance of services that makes specific reference to this Plan and provides for deferred compensation.

(j)    “Employee” means any person employed by any Employer and classified as an Employee by such Employer.  Except as otherwise provided in Section 2.1(c), the term “Employee” shall not include a person who is retained to provide services for an Employer as an independent contractor, or who provides services for an Employer pursuant to an agreement or understanding, written or unwritten, with a third party that such person shall be treated as an employee of the third party, but who is subsequently determined to be an employee at common law, for purposes of any federal or state tax or employment law, or for any other purpose.

(k)    “Employer” means any subsidiary of the Company that adopts the Plan and is the employer or former employer of a Participant.

(l)    “ERISA” means the Employee Retirement Income Security Act of 1974, and any Labor Department regulations, rulings or other authoritative administrative pronouncements interpreting ERISA.  If any provision of ERISA specifically referred to herein is amended or 

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replaced, the reference shall be deemed to be to the provision as so amended, or to the new provision, if such reference is consistent with the purposes of the Plan.

(m)    Excess Benefit Plan” means the separable portion of the Plan contained in Appendix B.

(n)    “Participant” means an Employee or former Employee designated to participate in the Plan pursuant to Section 2.1, while he or she has the right to any benefits under the Plan.  Participants are divided in Active Participants and Inactive Participants, as described in Section 2.1, and the term “Participant”, when not modified, shall refer to both Active and Inactive Participants, unless clearly inconsistent with the context.

(o)    “Plan” means this CNA Non-Qualified Savings Plan, as amended from time to time.

(p)    “Tax Limits” means the limitations imposed on a Participant’s benefits under the Plan to satisfy the requirements of §401(a)(17), §402(g), or §415 of the Code.

(q)    “Total Pay” means Total Pay as defined in the 401(K) Plus Plan (and as formerly referred to as “Retirement Plan Compensation”) for purposes of determining a Participant’s Basic and Performance Contributions, but without regard to any limits on includible compensation imposed by the Tax Limits.

(r)    “401(K) Plus Plan” means the CNA 401(k) Plus Plan, as amended from time to time, and, if appropriate, any new plan adopted by the Company to replace the 401(K) Plus Plan.  In the case of a Participant who participates in a plan maintained by his or her Employer other than the CNA 401(k) Plus Plan, which plan is qualified under §401(a) of the Code and includes a cash or deferred feature qualified under §401(k) of the Code, the term “401(K) Plus Plan” with respect to such Participant shall mean such other plan.

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ARTICLE II
ELIGIBILITY AND BENEFITS

2.1    Eligibility  

(a)Only selected management and highly compensated Employees and former Employees who are designated as provided herein shall be eligible to participate in the Plan. The Employees and former Employees who are so designated to participate in the Plan shall be referred to herein as “Active Participants” for so long as they have the right to have additional amounts credited to their Accounts pursuant to Section 2.2 or 2.3.  A person who is no longer an Active Participant, but who still has an undistributed Account in the Plan, shall be referred to as an “Inactive Participant.”

(b)Unless otherwise determined by the Administrator, only the following Employees who are eligible to participate in the 401(K) Plus Plan are eligible to participate in the Plan:
		
	(i)
	An Employee whose Compensation for the Plan Year exceeds (or, as determined by the Administrator, is expected to exceed) the limitation of Code §401(a)(17);

		
	(ii)
	An Employee hired during the Plan Year with a base salary that exceeds the limitation of Code §401(a)(17) (without regard to whether the Employee’s total Compensation for the Plan Year is expected to exceed such limitation) shall be eligible to participate on his or her date of hire; provided that such Employee has not participated (other than through accrual of earnings on amounts previously deferred) in any account balance nonqualified deferred compensation arrangement sponsored by the Company or any member of the Controlled Group during the 24 month period prior to the date he or she is hired, unless the employee received a distribution of his or her entire balance in such plan during such 24 month period, and immediately prior to such distribution was not eligible to continue to participate in such plan.  An Employee whose Compensation unexpectedly exceeds the limitation of §401(a)(17) during a Plan Year, and who otherwise satisfies the requirements of the preceding sentence (including the receipt of any Basic or Performance Contributions under this Plan during such 24 month period) may, if permitted by the Administrator, be treated as have been hired on the date that his or her Compensation exceeds such limit; and 

		
	(iii)
	An Employee shall be eligible to participate, solely for purposes of being credited with Basic and Performance Contributions, in the first Plan Year in which his or her Total Pay exceeds the limitation of Code §401(a)(17).

Notwithstanding the foregoing, the Administrator may, in its sole discretion, determine at any time that any Employee or group of Employees described in this paragraph (b) shall no longer be eligible to participate.

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(c)    Any Employer, with the consent of the Administrator, may enter into a Deferral Agreement with a person not described in paragraphs (a) or (b), who may be either an Employee or a former Employee, and such person shall thereby become an Active Participant.  To the extent necessary or appropriate, any reference in this Plan to “employment” shall be modified and interpreted in the case of a former Employee or independent consultant in a manner consistent with the intent of the Plan.

(d)    Any Employee who becomes a Participant, but who becomes ineligible to enter into a Deferral Agreement for any subsequent Plan Year by reason of a decrease in Compensation, shall remain a Participant, and shall be credited with Employer Contributions pursuant to Section 2.3, for so long as he remains an Employee, unless otherwise determined by the Administrator.

2.2    Elective Deferrals.  

(a)    Each Active Participant may, for any Plan Year in which he or she is also a participant in the  401(K) Plus Plan, elect in his or her Deferral Agreement to accept a reduction in his or her Compensation from his or her Employer equal to a whole percentage not to exceed the 50% of his or her Compensation.  At present, the terms of the 401(K) Plus Plan do not permit a Participant who is participating in the 401(K) Plus Plan during a Plan Year to change his or her Before-Tax or Roth 401(k) Deferral elections during the Plan Year; however, if the 401(K) Plus Plan is amended or terminated, or if for any other reason a Participant is permitted to change his or her 401(K) Plus Plan Before-Tax or Roth 401(k) Deferral election during a Plan Year, the percentage withheld and credited to the Participant’s Deferral Account shall be calculated as if the 401(K) Plus Plan Before-Tax or Roth 401(k) Deferral election had not changed. Eligible Participants may make an excess deferral election that does not go into effect until contributions to the 401(K) Plus Plan have been discontinued because of a Tax Limit.  Effective January 1, 2018, simultaneous deferral contribution elections were eliminated. 

(b)    All deferral elections shall be made in accordance with procedures established by the Administrator during the periods described below, and shall be irrevocable after the end of the period during which the election may be made.  Except as otherwise provided in procedures established by the Administrator, a deferral election for one Plan Year shall apply to all future Plan Years unless changed by the Participant during the applicable election period:

(i)    Except as otherwise provided below, all deferral elections shall be made not later than the last day of the Plan Year immediately preceding the Plan Year to which the deferral election shall apply.

(ii)    An Employee who first becomes eligible to participate during a Plan Year pursuant to Section 2.1(b)(ii) may make a deferral election not later than 30 days after he or she becomes eligible, which deferral election shall apply only to Compensation earned after the date of the election.

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(c)Any Employer, with the consent of the Administrator, may enter into a Deferral Agreement with an Active Participant (including but not limited to a person described in Section 2.1(b)) which provides for Compensation to be withheld and credited to the Active Participant’s Deferral Account on a basis different from that described in paragraph (a).  Such a Deferral Agreement may provide for the deferral of forms or amounts of compensation different from those defined as Compensation in Section 1.5(h), including payments to a former Employee or independent contractor, in which event such compensation shall be considered Compensation for all purposes of this Plan.  Notwithstanding the foregoing, effective January 1, 2005, if any Deferral Agreement permits a Participant to defer any form of incentive compensation, as defined in Code §409A, that is measured over a period of twelve months or more, the deferral election must be made not less than six months before the end of the measurement period.

(d)Amounts deferred pursuant to paragraph (a) shall be credited to the Active Participant’s Deferral Account as of the date on which the deferred Compensation would otherwise have been paid.  No election, and no provision of any Deferral Agreement, shall permit a Participant to defer Compensation already earned when the election is made.  Effective January 1, 2005, all deferral elections, including those under a Deferral Agreement, must be made not later than December 31 of the immediately preceding year (except as otherwise provided in paragraph (b)(ii), or in paragraph (c) with respect to deferrals of incentive compensation), and may thereafter be revoked or modified only as permitted in regulations issued pursuant to Code §409A.

2.3    Employer Contributions.

(a)    For each payroll period, the Employer of an Active Participant shall credit to the Active Participant’s Matching Account an amount equal to the amount deferred by the Active Participant for such payroll period under Section 2.2 multiplied by the Fixed Matching Contribution percentage applicable to such Active Participant under the 401(K) Plus Plan.  The Company shall also credit to the Matching Account of an Active Participant any Fixed Matching Contribution that relates to a Before-Tax and/or Roth 401(k) contribution made under the 401(K) Plus Plan, but which Fixed Matching Contribution cannot be allocated to such Active Participant’s 401(K) Plus Plan account without exceeding the Tax Limits.  The total amount of Fixed Matching Contributions credited to an Active Participant’s Matching Account under this Section 2.3 for each Plan Year shall not exceed the excess of 6% the Active Participant’s total Compensation for the Plan Year reduced by all Fixed Matching Contributions allocated to his or her account in the 401(K) Plus Plan for the same Plan Year.  

(b)    In addition to the amounts set forth above, at the end of each Plan Year the Employer of an Active Participant shall credit to the Active Participant’s Matching Account an amount equal to the amount deferred by the Active Participant for the Plan Year pursuant to Section 2.2, multiplied by the Variable Matching Contribution percentage applicable to such Active Participant under the 401(K) Plus Plan.  The Company shall also credit to the Matching Account of an Active Participant any Variable Matching Contribution that relates to a Before-Tax and/or Roth 401(k) Contribution made under the 401(K) Plus Plan, but which Matching Contribution cannot be allocated to such Active Participant’s 401(K) Plus Plan account without exceeding the Tax Limits.

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(c)    In addition to the amounts set forth above, at the end of each Plan Year or pay period, as applicable, the Employer of an Active Participant shall credit to the Active Participant’s Employer Contribution Account an amount equal to the portion of the Active Participant’s Total Pay that exceeds the Tax Limits multiplied by the applicable Basic and Performance Contribution percentages applicable to such Active Participant under the 401(K) Plus Plan.  The Company shall also credit to the Employer Contribution Account of an Active Participant any Basic or Performance Contribution that cannot be allocated to such Active Participant’s 401(K) Plus Plan account without exceeding the Tax Limits.  

(d)    Anything else contained herein to the contrary notwithstanding, the amount credited to an Active Participant’s Matching Account or Employer Contribution Account pursuant to paragraph (a), (b) or (c) for any Plan Year shall not exceed the amount of additional Fixed Matching, Variable Matching, Basic or Performance Contributions, as the case may be, that would have been allocated to the Active Participant’s 401(K) Plus Plan account for the same Plan Year if the Tax Limits did not apply. 

(e)Any Employer, with the consent of the Administrator, may enter into an employment agreement, or adopt employment policies, with or applicable to an Active Participant (including but not limited to a person described in Section 2.1(b)) which provides for amounts to be credited to the Active Participant’s Matching or Employer Account on a basis different from that described in paragraph (a), (b) or (c).  Such an agreement or policy shall specify the basis upon which the amount to be so credited shall be determined, and may also specify a vesting schedule different than that specified in Section 2.5.

2.4    Earnings. 

(a)    Except as otherwise provided in paragraph (b), earnings shall be credited to each Participant’s Account at the projected rate of return on the Invesco Stable Value Fund established under the 401(K) Plus Plan.  In the event that the Invesco Stable Value Fund  is no longer offered as an investment alternative under the 401(K) Plus Plan, the Administrator shall designate a reasonably equivalent investment option under the 401(K) Plus Plan to be used to measure the rate at which earnings shall be credited.

(b)    At any time after the effective date of this restatement, the Administrator may designate selected mutual funds or other investment media (“funds”), and each Participant shall have the right to have earnings (including realized and unrealized gains and losses) on his or her Account computed as if it had been invested in such funds in such proportions as the Participant shall elect.  The funds may be the same as the Investment Funds designated under the 401(K) Plus Plan, or may exclude some or all of such Investment Funds or include other funds as the Administrator may determine.  The portion of each Participant’s Account that is deemed to be invested in each fund shall be a whole percentage, and elections may be changed at such intervals and in such manner as the Administrator may determine.  The Administrator shall have the authority to select and discontinue funds at any time, to establish a rate at which interest shall be credited on Accounts with respect to which no fund election is in effect, and otherwise to establish rules and 

8

procedures with respect to the calculation and crediting of earnings, including changing the intervals at which fund elections may be made or at which earnings are posted, and establishing a minimum or maximum percentage that may be deemed invested in any fund.

(c)    Anything else contained herein to the contrary, in no event shall any Participant be allowed to elect a rate of return on his or her Account retroactively, and in all cases earnings shall be computed in such a manner that they shall not be considered additional deferred compensation for purposes of FICA withholding under §3121(v) of the Code.

2.5    Vesting.  The balance in a Participant’s Deferral Account shall be fully vested and nonforfeitable at all times.  The balance in a Participant’s Matching Account or Employer Account (or any subaccount thereof) shall be vested at the same times and to the same extent as the Participant’s analogous account in the 401(K) Plus Plan (except as otherwise provided in a Deferral Agreement with respect to amounts credited pursuant to Section 2.3(b)); provided, however, that an event that results in the 401(K) Plus Plan accounts of a group of Participants being vested without regard to their years of service, including but not limited to the sale of a business unit or a determination that a partial termination of the 401(K) Plus Plan has occurred, shall apply to this Plan if and only if such event is listed in Appendix A to this Plan.  To the extent a Participant’s Account is not vested at the time of his or her termination of employment for any reason, the non-vested portion shall be forfeited, and neither the Company nor any Employer shall have any further obligation to him whatsoever with respect to the forfeited portion.

2.6    Time and Form of Payment.  

(a)    Except as otherwise provided in paragraph (c), the vested balance in a Participant’s Account shall be paid to the Participant in one of the following manners, as elected by the Participant in accordance with paragraph (b):

		
	(i)
	In a single lump sum, paid as soon as practical, but in no event more than 90 days following the Participant’s termination of employment; 

		
	(ii)
	In a single lump sum, paid during January of the year following the year that includes the Participant’s termination of employment; or

		
	(iii)
	In a series of not more than 10 annual installments, payable during January of each year commencing with the year following the year that includes the Participant’s termination of employment.  Each such installment shall be equal to the remaining balance in Participant’s Account immediately prior to the payment of such installment divided by the number of installments remaining to be paid.

(b)    The time and method of payment shall be elected by the Participant in accordance with the procedures established by the Administrator at the earlier of the following times:

(i)    When the Participant enters into his or her first Deferral Agreement or,

9

(ii)    In the case of a newly eligible Participant, not later than 30 days after the 
                                    date of the paycheck that causes his or her Total Pay to exceed the §401(a)      
           (17) limit in the first year in which his or her Total Pay exceeds such limit.

If the Participant does not specify a time and method of payment, the vested balance in his or her Account shall be distributed in a single lump sum as soon as administratively feasible, but not more than 90 days, following his or her termination of employment.  The initial election or deemed election as to the time and form of distribution cannot be changed. 
(c)    Anything else in this Plan, or a Deferral Agreement, to the contrary notwithstanding: 
		
	(i)
	Except as otherwise provided below, no part of a Participant’s Post-2004 Account shall be payable until the Participant has incurred a separation from service as defined in Code §409A.

		
	(ii)
	No part of a Participant’s Post-2004 Account shall be payable to a Participant who is a specified employee, as defined in Code §409A, until the first business day that is at least six months after he or she has incurred a separation from service.  The identification of Participants as specified employees shall be made as of December 31 of each year by Loews Corporation based upon the employees of the controlled group of which Loews Corporation is the common parent, and a Participant identified as a specified employee as of any December 31 shall be subject to the provisions of this paragraph (c)(ii) if the Participant incurs a separation from service during the twelve month period commencing on the following April 1. 

		
	(iii) 
	In no event shall the distribution of any Post-2004 Account be accelerated to a time earlier than which it would otherwise have been paid, whether by amendment of the Plan, exercise of the Employee Benefits Committee’s discretion, or otherwise, except as permitted by regulations issued pursuant to Code §409A.

		
	(iv)
	In the event that the Administrator, in its sole discretion, determines that any time or form of distribution provided for in the Plan, or the existence of a right to elect a different time or form of distribution, would cause the Plan to fail to meet the requirements of Code §409A, or otherwise cause Participants to be subject to any adverse federal income tax consequences, the Administrator shall adopt procedures modifying or removing the form of distribution or election right, which shall be deemed an amendment to the Plan.  

		
	(v)
	Any Deferral Agreement that provides for a different form or time of payment shall specify the time and manner of payment, without Employer or Participant discretion, at the time the Deferral Agreement is entered into, and shall otherwise comply with the requirements of this paragraph (b); provided 

10

that, in addition to a severance from service, a Deferral Agreement may provide for benefits to be paid at a specified time or pursuant to a fixed schedule set forth in the Deferral Agreement, or upon the occurrence of a change in ownership or control of the Participant’s Employer, or in a substantial portion of its assets, as defined in Code §409A, and provided further that a Deferral Agreement may permit a Participant to elect to further defer the distribution of his or her Account if the election does not take effect for at least twelve months and the distribution of the Post-2004 Account is deferred by at least five years.
2.7    Death Benefits.  

(a)    If a Participant dies while still employed, his or her Account shall be fully vested and shall be paid to his or her Beneficiary in a single lump sum.  If a Participant dies after his or her employment has been terminated but before his or her Account has been paid in full, the remaining balance in his or her Account shall be paid to his or her Beneficiary in a single lump sum, regardless of whether the Participant has elected payment in installments (and regardless of whether the Participant was a specified employee at the time of his separation from service as provided in Section 2.6(c)(ii)).  All payments to Beneficiaries shall be within 90 days following the Participant’s death.
(b)    A Participant’s Beneficiary shall be the person or persons designated by the Participant in his or her Deferral Agreement.  A Participant may change his or her Beneficiary from time to time without the consent of the Beneficiary.  Subject to rules, procedures, and limitations established by the Administrator, a Beneficiary may be an entity (including a trust or nonprofit organization), and the Participant may designate multiple or contingent Beneficiaries and specify the manner in which his or her Account will be divided among them.  All designations of Beneficiaries, and revocations or changes in designations, shall be made in accordance with rules, procedures and limitations prescribed by the Administrator.  No designation of a Beneficiary, and no revocation or change in a designation, shall be effective until actually received by the Administrator in writing, and the Administrator’s determination of a Participant’s Beneficiary, if made in good faith, shall be final and conclusive on all parties.
(c)    The determination of the Participant’s Beneficiary shall be made at the time of his or her death.  If there is no designated Beneficiary living at the time of the Participant’s death, his or her Beneficiary shall be the person designated as his or her beneficiary under the 401(K) Plus Plan, or any similar retirement plan which permits the Participant to designate a beneficiary, as determined by the Administrator in its sole discretion (regardless of whether such designation is invalid solely by reason of §401(a)(11) of the Code or Section 205 of ERISA by reason of the failure of the Participant’s spouse to consent) or, if no beneficiary is designated under the 401(K) Plus Plan or any such other plan, his or her estate.  If the Participant has designated more than one Beneficiary and not specified the manner in which his or her Account shall be divided, it shall be divided among all living Beneficiaries at the time of his or her death, per stirpes.  

2.8    Excess Benefit Plan Participants.  If an Employee who has been a Participant in the Excess Benefit Plan becomes eligible pursuant to Section 2.1, such Employee shall become a Participant, and his Account under the Excess Benefit Plan shall be transferred to and become a 

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part of his Account under the Plan.  Such Participant shall not be eligible to make a new payment election under Section 2.6(b), but any election made by the Participant under the Excess Benefit Plan shall be treated as having been made under Section 2.6(b) and shall apply to his entire Account.

2.9    Former Participants in Surety Plans.  

(a)    Effective as of December 25, 2011, the employees of Western Surety Company, a subsidiary of CNA Surety Corporation, became employees of Continental Casualty Company.  CNA Surety Corporation sponsored two nonqualified deferred compensation plans for the benefit of employees of Western Surety Company:  the CNA Surety Corporation Deferred Corporation Plan (the “2000 Surety Plan”), which provided for the deferral of compensation earned prior to 2005, and the CNA Surety Corporation 2005 Deferred Corporation Plan (the “2005 Surety Plan”, and, collectively with the 2000 Surety Plan, the “Surety Plans”), which provides for the deferral of compensation earned beginning in 2005.  Effective January 3, 2012, each of the Surety Plans was merged with and into the Plan in accordance with the provisions of this Section 2.9.
(b)    Effective January 3, 2012, each person who has an account in either of the Surety Plan (a “Surety Participant”) became a Participant.  Each Surety Participant’s account in the applicable Surety Plan, valued as of such date, became an Account in the Plan, and the Plan hereby assumes the obligation to pay such Account, subject to the terms of the Plan.  If a Surety Participant had an account in the 2005 Surety Plan, such account became his Account in this Plan, any future contributions shall be credited to such Account, and the entire balance in such Account shall be considered a Post-2004 Account for all purposes of the Plan.  If a Surety Participant has an account in the 2000 Surety Plan, whether or not he also has an account in the 2005 Surety Plan, such account shall be treated as a separate Account or subaccount which is a Pre-2005 Account for all purposes of the Plan, and no further contributions shall be allocated to such Account.
(c)    Contributions to the Plan on behalf of Surety Participants were determined as follows:
		
	(i)
	Elective Contributions, Matching Contributions, and Basic Contributions for the final Western Surety Company payroll period ending prior to December 25, 2011, were calculated in accordance with the terms of the 2005 Surety Plan, credited initially to the Surety Participant’s account in the 2005 Surety Plan, and were transferred to the Plan on January 3, 2012, as described in Section 2.9(b) above.  

		
	(ii)
	Performance Contributions for 2011 were calculated in accordance with the terms of the 2005 Surety Plan (based upon the 2011 performance of CNA Surety Corporation), and credited to each eligible Surety Participants’ Post-2004 Account in this Plan.

		
	(iii)
	Surety Participants shall be considered Active Participants, and eligible to enter into a Deferral Agreement for 2012 and subsequent years, if and only if they otherwise satisfy the requirements of Section 2.1.  

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	(iv)
	Surety Participants who became employees of Continental Casualty Company shall be eligible to be credited with employer contributions pursuant to Section 2.3 if they are Active Participants in this Plan, or pursuant to the Excess Benefit Plan set forth in Appendix B if they are not Active Participants.

(d)    All Accounts transferred from the Surety Plans shall be credited with earnings in accordance with Section 2.4 beginning on January 3, 2012, and Surety Participants shall have no right to elect investment funds after such date.
(e)    The entire Post-2004 Account of a Surety Participant, including any amount transferred from the 2005 Surety Plan and all subsequent contributions, shall be distributed in a single lump sum as soon as reasonably practical after the date that is six months after the Surety Participant incurs a separation from service as defined in Code §409A, in accordance with Article VI of the 2005 Surety Plan.
(f)    The Pre-2005 Account of a Surety Plan that was transferred from the 2000 Surety Plan shall be distributed in accordance with the Surety Participant’s election made under the terms of the 2000 Plan, in accordance with Article VI of the 2000 Surety Plan.
(g)    The right of a Surety Participant to withdraw a portion of his Account by reason of unforeseeable financial emergency pursuant to Section 5.6 of the 2000 Surety Plan or 6.5 of the 2005 Surety Plan shall be governed exclusively by Section 3.3 of the Plan.  A Surety Participant whose balance in the 2000 Surety Plan is transferred to a Pre-2005 Account in this Plan shall retain the right to an early distribution pursuant to Section 5.5 of the 2000 Surety Plan, but only with respect to such Pre-2005 Account.
(h)    The Administrator may treat any Beneficiary of a Surety Participant designated pursuant to one of the Surety Plans as the Participant’s Beneficiary under this Plan, subject to each Participant’s right to designate a new Beneficiary in accordance with the Plan.
(i)    Surety Participants shall be fully vested in their Accounts, including both amounts transferred to the Plan from the Surety Plans, and all subsequent contributions, subject to the provisions of Sections 4.9 of the 2000 Surety Plan and 5.8 of the 2005 Surety Plan relating to forfeiture for misconduct. 
(j)    Except as otherwise provided herein, Surety Participants shall be considered Participants, and the portion of their Accounts representing amounts transferred from the Surety Plans shall be treated in the same manner as other Accounts, for all purposes of the Plan.  Any former employee of Western Surety who was not a Surety Participant, and becomes an employee of Continental Casualty Company on December 25, 2011 or thereafter, shall be treated in the same manner as any newly hired employee for purposes of the Plan, but shall be given credit for Vesting Service earned as an employee of Western Surety Company.

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ARTICLE III
PAYMENT OF BENEFITS

3.1    Source of Payment.  All payment of benefits under the Plan shall be made directly from the general funds of the Participant’s Employer.  Each Employer shall establish separate bookkeeping accounts to reflect its liability under the Plan and may, but shall not be obligated to, invest in insurance or annuity contracts or other assets to assure a source of funds for the payment of benefits, but any such bookkeeping account, insurance or annuity contracts, or other investment shall constitute assets solely of such Employer, and Participants shall have no right, title or interest therein prior to payment of their benefits hereunder.  The right of any Participant or other person to receive benefit payments under the provisions of this Plan shall be no greater than the right of any unsecured general creditor of the Participant’s Employer.  This Plan shall not create nor be construed to create a trust or fiduciary relationship in favor of any person whatsoever.

3.2    Establishment of Trust.  The Company may, but shall in no event be required to, establish one or more trusts and contribute, or cause Employers to contribute, amounts to such trusts to be used for the payment of benefits under this Plan.  Any such trust shall be of the type commonly referred to as a “rabbi trust”, and the Company or Employer shall be treated as the owner of the assets of such trust for tax purposes in accordance with §671-§678 of the Code.  The assets of any such trust shall remain subject to the claims of creditors of the Company or the Employer contributing such assets, and no Participant or any other person shall have any beneficial interest in or other claim to the assets of any such trust beyond that of a general creditor as provided in Section 3.1.  Any payments made to or on behalf of a Participant or Beneficiary from any such trust shall fully discharge the liability of the Company or Employer to such Participant or Beneficiary under the Plan to the extent of the amount so paid.  The Administrator shall have the right to select, remove, and replace the trustee thereof at any time in its sole discretion, and shall enter into one or more agreements governing such trust containing such terms as it determines, and may modify, amend or revoke any such agreements, all in its sole discretion.  Without limiting the generality of the foregoing, the Administrator is hereby authorized and directed to enter into an agreement with one or more trustees designated by it establishing such a trust to accept the transfer of assets from the trust established by an agreement dated August 1, 2000, between CNA Surety Corporation and First National Bank in Sioux Falls to fund the 2000 Surety Plan (as defined in Section 2.9), and from the trust established by an agreement dated March 28, 2005, between the same parties to fund the 2005 Surety Plan (as defined in Section 2.9), and to commingle such assets into a single trust fund to be used to pay any benefits accrued under the Plan, including but not limited to accounts transferred from the Surety Plans, and to pay expenses of such trust and the Plan.

3.3    Withdrawals for Financial Emergency.  A Participant may withdraw part or all of the vested portion of his or her Account if the amount withdrawn is reasonably necessary to satisfy an unforeseeable financial emergency.  Any such withdrawals shall be subject to such rules, procedures and limitations as the Administrator may, in its sole discretion, determine.  For purposes of this Section 3.3, an unforeseeable financial emergency means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant, one of his or her dependents (as defined in §152(a) of the Code), or the person designated as the Participant’s primary Beneficiary, loss of the Participant’s property due to casualty, or other similar extraordinary 

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and unforeseeable circumstances arising as a result of events beyond the control of the Participant.  A financial hardship that is foreseeable or within the Participant’s control, such as the need or desire to purchase a residence or to send a child to college, shall not be considered an unforeseeable financial emergency.  The determination of whether a Participant’s need for funds constitutes an unforeseeable financial emergency shall be made in accordance with the requirements of §409A of the Code.  The amount withdrawn may not exceed the amount necessary to satisfy the financial hardship (taking into account any tax payable on the withdrawal), determined after taking into account other sources of funds available to the Participant, including but not limited to reimbursement or compensation by insurance or otherwise, and the liquidation of other assets to the extent that such liquidation would not itself cause severe financial hardship.  If a Participant has a financial hardship, the Participant’s Deferral Agreement, if any, shall be revoked for the Plan Year (and no subsequent Deferral Agreement may be made for the same Plan Year), and the additional income resulting from such revocation shall be taken into account in determining the amount of distribution reasonably necessary to relieve the financial hardship.  A Participant shall not be required to take any hardship withdrawal or loan to which he or she is entitled under the 401(K) Plus Plan or any other tax qualified retirement plan as a condition of receiving a distribution pursuant to this Section 3.3, but if a Participant receives a hardship withdrawal from the 401(K) Plus Plan or any other tax-qualified §401(k) plan maintained by an Employer and the terms of such plan require a suspension of the Participant’s deferrals for six months following the date of the distribution, then the Participant’s Deferral Agreement shall be permanently revoked with respect to any compensation paid or payable to the Participant during such six month period. Upon completion of the six month suspension period, the Participant’s Deferral Agreement will be reinstated according to the election made during the most recent annual election period. 

3.4    Withholding and Payroll Taxes.  The Administrator shall withhold, or shall direct the person making any payment to withhold, from payments made hereunder any taxes required to be withheld from a Participant’s wages for the federal or any state or local government.  To the extent that benefits hereunder are subject to tax under the Federal Insurance Contributions Act or any other law prior to the time that they become payable, the Administrator may either withhold, or direct the Participant’s Employer to withhold, the amount of such taxes from any other compensation or other amounts payable to the Participant, or may deduct the amount of such tax from the Participant’s Account in accordance with Section 3.7(c).  The Administrator’s determination of the amount to be so withheld or deducted shall be final and binding on all parties.

3.5    Payment on Behalf of Disabled or Incompetent Persons.  If a Plan benefit is payable to a minor or a person declared incompetent or to a person whom the Administrator, in its sole discretion, determines to be incapable of handling the disposition of property, the Administrator may direct payment of such Plan benefit to the guardian, legal representative or person having the care and custody of such minor or incompetent person, or to any other person, including any family member, whom the Administrator determines in its sole discretion to be best suited to receive and apply the payment for the benefit of such person.  The Administrator may require proof of incompetency, minority, incapacity or guardianship as it may deem appropriate prior to distribution of the Plan benefit.  Such distribution shall completely discharge the Company and the Participant’s Employer from all liability with respect to such benefit.

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3.6    Missing Participants or Beneficiaries.  If the Administrator is unable to locate any Participant, Beneficiary or other person entitled to benefits under this Plan, the Administrator may, in its sole discretion, either cause all or a portion of such payment to be forfeited and to reduce its obligations under this Plan, or may pay all or a portion of such benefit to members of the missing person’s family or such other person as it may determine in its sole discretion to be fair and equitable.  Any payment made pursuant to this Section 3.6 shall fully discharge the obligation of the Company and all Employers under this Plan with respect to the amount so paid.

3.7    Other Permitted Distributions.  Notwithstanding the foregoing provisions of this Article III, the Administrator in its sole discretion may provide for all or a portion of the balance in a Participant’s Account to be distributed to the Participant, provided that no Participant may be allowed to elect to receive such a distribution:

(a)    If the total balance in a Participant’s Account does not exceed the limit in effect under §402(g) of the Code, the Administrator may direct that the entire balance be distributed to the Participant in full satisfaction of his or her interest in the Plan, provided that the Participant’s entire balance in all other account balance deferred compensation plans maintained by any member of the Controlled Group is also distributed to the Participant (and is taken into account in determining whether the total balance exceeds the limit in effect under §402(g)).

(b)    If any portion of a Participant’s Account is determined to be includible in the Participant’s taxable income by reason of the operation of §409A of the Code, the amount includible in income shall be distributed to the Participant as soon as practical.

(c)    The Administrator may direct that the Participant’s portion of the FICA tax imposed on amounts deferred under the Plan pursuant to §3121 of the Code be charged to the Participant’s Account, provided that the total amount charged to the Account shall not exceed the FICA tax plus income tax withholding on the amount applied to payment of the FICA tax.

3.8    Recovery of Erroneous Distributions.  If the Administrator determines that the amount paid to any Participant or Beneficiary exceeded the amount that should have been paid pursuant to the terms of the Plan, the Participant or Beneficiary shall repay the amount of the excess to the Plan upon demand, and the Administrator may, on behalf of the Plan, pursue offset the amount of such excess against any other amount owed by an Employer to the Participant or Beneficiary to the maximum extent permitted by law, or pursue any other remedy available at law or equity for the recovery of such excess.  Each Participant or Beneficiary who receives an excess distribution shall hold such distribution in trust for the benefit of the Plan.

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ARTICLE IV
ADMINISTRATION

4.1    Administrator.  This Plan shall be administered by Continental Casualty Company, which shall be the “administrator” for purposes of Section 3(16)(A) of the Employee Retirement Income Security Act of 1974.  The Company may designate one or more persons who may be officers or Employees of any Employer, to exercise any of its authority or carry out any of its duties under the Plan, but such person shall not be considered the “administrator” unless specifically so designated in a resolution of the Board.  In the absence of any other designation, the senior officer of Continental Casualty Company responsible for human resources, or persons acting under his or her supervision, shall be so designated.  In addition, Continental Casualty Company has established an Employee Benefits Committee to oversee the operation of various retirement plans, and the Employee Benefits Committee shall have the authority on behalf of the Administrator to adopt rules, regulations and procedures, to hear all appeals from denied claims under Section 4.4, and to consider all other issues related to the administration of the Plan referred to it by senior officer of Continental Casualty Company responsible for human resources and his or her delegates.

4.2    Administrator’s Powers.  The Administrator shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers, rights and duties:

(a)    Interpretation of Plan.  The Administrator shall have the power, right and duty to construe and interpret the Plan provisions and to determine all questions arising under the Plan including questions of Plan participation, eligibility for Plan benefits and the rights of Employees, Participants, Beneficiaries and other persons to benefits under the Plan and to determine the amount, manner and time of payment of any benefits hereunder.

(b)    Plan Procedures.  The Administrator shall have the power, right and duty to adopt procedures, rules, regulations and forms to be followed by Employees, Participants, Beneficiaries and other persons or to be otherwise utilized in the efficient administration of the Plan and as are consistent with the Plan. 

(c)    Benefit Determinations.  The Administrator shall have the power, right and duty to make determinations as to the rights of Employees, Participants, Beneficiaries and other persons to benefits under the Plan and to afford any Participant or Beneficiary dissatisfied with such determination with rights pursuant to a claims procedure adopted by the Administrator in accordance with Section 4.4.

(d)    Enforcement of the Plan.  The Administrator shall have the power, right and duty to enforce the Plan in accordance with the terms of the Plan and to enforce its procedures, rules or regulations. 

(e)    Maintenance of Plan Records.  The Administrator shall be responsible for preparing and maintaining records necessary to determine the rights and benefits of Employees, Participants and Beneficiaries or other persons under the Plan.

17

(f)    Allocation of Duties.  The Administrator shall be empowered to allocate fiduciary responsibilities and the right to employ agents (who may also be Employees of the Company) and to delegate to them any of the administrative duties imposed upon the Administrator. 

(g)    Correction of Errors.  To correct any errors made in the computation of benefits under the Plan, and, if a trust has been established, to recover any contributions made to such trust by mistake of fact or law.

4.3    Binding Effect of Rulings.  Any ruling, regulation, procedure or decision of the Administrator, including any interpretation of the Plan, which is made in good faith shall be conclusive and binding upon all persons affected by it.  There shall be no appeal from any ruling by Administrator, except as provided in Section 4.4 below.  When making a determination or a calculation, the Administrator shall be entitled to rely on information supplied by investment managers, insurance institutions, accountants and other professionals including legal counsel for the Administrator.  Any rule or procedure established by the Administrator may alter any provision of this Plan that is ministerial or procedural in nature without the necessity for a formal amendment of the Plan.

4.4    Claims Procedure.  

(a)    Any Participant or Beneficiary, or any other person asserting the right to receive a benefit under this Plan by virtue of his or her relationship to a Participant or Beneficiary (the “Claimant”), who believes that he or she has the right to a benefit that has not been paid, must file a written claim for such benefit in accordance with the procedures established by the Administrator.  All such claims shall be filed not more than one year after the Claimant knows, or with the exercise of reasonable diligence would have known, of the basis for such claim.  The preceding sentence shall not be construed to require a Participant or Beneficiary to file a formal claim for the payment of undisputed benefits in the normal course, but any claim that relates to the amount of any benefit shall in any event be filed not more than one year after payment of such benefit commences.  The Administrator may retain third party administrators and recordkeepers for the purpose of processing routine matters relating to the payment of benefits, but correspondence between a Participant, Beneficiary or other person and such third parties shall not be considered claims for purposes of this Section, and a person shall not be considered a Claimant until he or she has filed a written claim for benefits with the Administrator.

(b)    All claims for benefits shall be processed by the Administrator, and the Administrator shall furnish the Claimant within 90 days after receipt of such claim a written notice that specifies the reason for the denial, refers to the pertinent provisions of the Plan on which the denial is based, describes any additional material or information necessary for properly completing the claim and explains why such material or information is necessary, and explains the claim review procedures of this Section 4.4, and the Claimant’s right to bring an action under Section 502 of ERISA, subject to the restrictions of paragraph (e) if the request for review is unsuccessful.  The 90 day period may be extended by up to an additional 90 days if the Administrator so notifies the Claimant prior to the end of the initial 90 day period, which notice shall include an explanation of 

18

the reason for the extension and an estimate of when the processing of the claim will be complete.  If the Administrator determines that additional information is necessary to process the claim, the Claimant shall be given a period not less than 45 days to furnish the information, and the time for responding to the claim shall be tolled during the period of time beginning on the date on which the Claimant is notified of the need for the additional information and the day on which the information is furnished (or if earlier the end of the period for furnishing the information).

(c)    If the claim is denied in whole or in part, or if the decision on the claim is otherwise adverse, the Claimant may, within 60 days after receipt of such notice, request a review of the decision in writing.  If the claimant requests a review, the Employee Benefits Committee (or such other fiduciary as the Administrator may appoint for such purpose) shall review such decision.  The Employee Benefits Committee’s decision on review shall be in writing and furnished not more than five days after the meeting at which the review is completed, and shall include specific reasons for the decision, written in a manner calculated to be understood by the Claimant, shall include specific references to the pertinent provisions of the Plan on which the decision is based, and shall advise the Claimant of his or her right to bring an action under Section 502 of ERISA, subject to the limitations of paragraph (e).  

(d)    The Employee Benefits Committee shall complete its review of the claim not later than its first meeting that is held at least 30 days after the request for review is received.  If special circumstances require, the decision may be made by the Employee Benefits Committee not later than its third meeting held after the request for review is received, in which event the Claimant shall be notified of the reason for the delay not later than five days after the meeting at which the review would otherwise have been completed, which notice shall explain the reason for the delay and include an estimate of the time at which the review will be complete.  Notwithstanding the foregoing, if at any time the Employee Benefits Committee (or any other fiduciary designated to review appeals) is not scheduled to meet at least quarterly, the decision on review shall be delivered to the Claimant not more than 60 days after the request for review is received, which may be extended to not more than 120 days if special circumstances require and the notice of extension described above is furnished by the end of the initial 60 day period.

(e)    No action at law or in equity shall be brought to recover benefits under this Plan until the claim and appeal rights herein provided have been exercised and the Plan benefits requested in such claim and appeal have been denied in whole or in part.  After exhaustion of the Plan’s claim procedures, any further legal action taken against the Plan or its fiduciaries by a claimant must be filed in a court of law no later than 120 days after the final adverse benefit determination of the Employee Benefits Committee (or other final appeals fiduciary) is communicated to the claimant or his or her legal representative, notwithstanding any other statute of limitations.  In the event a claimant wishes to bring a legal action against the Plan or one of its fiduciaries, such legal action must be filed in the United States District Court for the Northern District of Illinois (Eastern Division) and shall be governed by the procedural and substantive laws of the State of Illinois, to the extent such laws are not preempted by ERISA, notwithstanding any conflict of laws principles.

(f)    The provisions of this Section are intended to comply with ERISA Section 503 and the Department of Labor regulations issued pursuant thereto, and shall be so construed and 

19

applied.  Consistent with such regulations, each Claimant shall have the right to have an authorized representative act on his or her behalf, to submit arguments and information in support of his or her claim, and to receive, upon written request and without charge, copies of all documents, records, or other information that either (i) were relied upon in determining his or her benefit under the Plan, (ii) were submitted, considered, or generated in the course of making the benefit determination, even if not relied upon, or (iii) demonstrate compliance with the administrative processes and safeguards of the claim and review procedure.  

4.5    Indemnity.  To the extent permitted by applicable law and to the extent that they are not indemnified or saved harmless under any liability insurance contracts, any present or former officers, Employees or directors of the Company, and each of them shall be indemnified and saved harmless by the Company from and against any and all liabilities or allegations of liability to which they may be subjected by reason of any act done or omitted to be done in good faith in the administration of the Plan, including all expenses reasonably incurred in their defense in the event that the Company fails to provide such defense after having been requested in writing to do so.

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ARTICLE V
AMENDMENT AND TERMINATION OF PLAN

5.1    Amendment.  The Company may amend the Plan at any time by action of the Board, or any person to whom the Board may delegate such authority, except that no amendment shall decrease the vested Account balance of any Participant as of the effective date of the amendment.  The Board has delegated the authority to amend the Plan, with certain exceptions, to the Executive Vice President and Chief Human Resources Officer of Continental Casualty Company, and any amendment executed by such officer shall be binding on all parties.  In addition, the Administrator is authorized pursuant to Section 4.3 to adopt rules and procedures that have the effect of amendment technical, administrative or ministerial provisions of the Plan.  By their execution of this amendment and restatement of the Plan, each Employer ratifies and accepts all prior amendments to the Plan, and agrees that in the future the Plan may be amended by action of the Company without consent of the other Employers.

5.2    Termination.  The Company may at any time terminate the Plan by action of the Board.  Upon termination, no further allocations shall be made to Accounts, but Accounts shall continue to be credited with earnings and shall be paid in accordance with the provisions of the Plan; provided, however, that upon termination, the Company may, but shall not be obligated to, amend the Plan to provide that the Accounts of some or all Participants shall be fully vested and paid to such Participants in a lump sum, which shall fully discharge all obligations owed to such Participants under the Plan; provided that such amendment shall apply to the Post-2004 Accounts only if all such Accounts are fully vested and distributed and the amendment otherwise complies with the requirements of §409A of the Code.  Any Employer may at any time withdraw from the Plan by written notice to the Administrator, in which event the Plan shall be considered terminated with respect to the Participants employed by such Employer (or who were so employed at the time of their termination of employment), and the provisions of this Section 5.2 shall apply to such Participants only.

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ARTICLE VI
MISCELLANEOUS

6.1    Status of Plan.  This Plan is intended to be an unfunded plan maintained primarily to provide retirement benefits for a select group of management Employees or highly compensated Employees within the meaning of Section 201(1), Section 301(a)(3), and §401(a)(1) of ERISA and Department of Labor Regulations 29 C.F.R. Section 2520.104-23, and shall be so construed.

6.2    Nonassignability.  Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly declared to be nonassignable and nontransferable.  No part of the amounts payable shall, prior to actual payment, be subject to garnishment, seizure or sequestration for the payment of any debts owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency.  Nothing contained herein shall be construed as a waiver of the Company’s or any Employer’s right of setoff.

6.3    No Contract of Employment.  The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between the Company or any Employer and the Participant, and neither the Participant nor the Participant’s Beneficiary shall have any rights against the Company or any Employer except as may otherwise be specifically provided herein.  Moreover, nothing in this Plan shall be deemed to give a Participant the right to be retained in the service of the Company or any Employer or to interfere with the right of the Company and each Employer to discipline or discharge him at any time.

6.4    Participant Litigation.  In any action or proceeding regarding the Plan, Participants, Employees or former Employees of the Company or an Employer, their Beneficiaries or any other persons having or claiming to have an interest in this Plan shall not be necessary parties and shall not be entitled to any notice or process.  Any final judgment which is not appealed or appealable and may be entered in any such action or proceeding shall be binding and conclusive on the parties hereto and all persons having or claiming to have any interest in this Plan.  To the extent permitted by law, if a legal action is begun against the Company, an Employer, the Administrator, the trustee of any trust established hereunder, or any person acting on the behalf or under the direction of any of the foregoing persons, by or on behalf of any person and such action results adversely to such person or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the costs to any such person of defending the action will be charged to the amounts, if any, which were involved in the action or were payable to the Participant or other person concerned.  To the extent permitted by applicable law, acceptance of participation in this Plan shall constitute a release of the Company, each Employer, the Administrator and such trustee and their respective agents from any and all liability and obligation not involving willful misconduct or gross neglect.

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6.5    Participant and Beneficiary Duties.  Persons entitled to benefits under the Plan shall file with the Administrator from time to time such person’s post office address and each change of post office address.  Each such person entitled to benefits under the Plan also shall furnish the Administrator with all appropriate documents, evidence, data or information which the committee considers necessary or desirable in administering the Plan.

6.6    Governing Law.  The provisions of this Plan shall be construed and interpreted according to the laws of the State of Illinois to the extent not pre-empted by the laws of the United States.  The Plan is intended to comply with all requirements of §409A, and to the maximum extent permitted by law shall be construed in a manner that is consistent with such intent, provided that in no event shall the Company, any Employer, the Administrator, or any of their respective employees, agents or representatives have any liability to any person for any additional tax imposed upon such person pursuant to §409A of the Code or any comparable federal, state or local income tax law.

6.7    Validity.  In case any provision of this Plan shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal and invalid provision had never been inserted herein.

6.8    Notices.  Any notice or filing required or permitted to be given to the Administrator or the Company under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to the Company at its principal executive offices, or to Company’s statutory agent.  Notices shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification.  Any notice required or permitted to be given to a Participant shall be sufficient if in writing and hand delivered or sent by first class mail to the Participant at the last address listed on the records of the Company or such Participant’s Employer.

6.9    Successors.  The provisions of this Plan shall bind and inure to the benefit of each Employer and its respective successors and assigns.  The term successors as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all or substantially all of the business and assets of an Employer, and successors of any such corporation or other business entity.

23

IN WITNESS WHEREOF, the Company has caused this amendment and restatement of the Plan to be executed on March 29, 2018
CNA FINANCIAL CORPORATION

	
		
	By:
	/s/ Elizabeth Aguinaga

	 
	Elizabeth Aguinaga
Executive Vice President & Chief Human Resources Officer, Continental Casualty Company

24

APPENDIX A
FULL VESTING OF PARTICIPANTS AFFECTED BY CERTAIN EVENTS

A.1    Sales of Business Units
In accordance with Section 2.5, Participants whose employment is terminated in connection with the following sales or other dispositions of business units shall be fully vested in their Account balance regardless of their years of service.  Except as otherwise provided below, the Participants who qualify for full vesting with respect to any transaction shall be those, and only those, who qualify as an “Affected Member” with respect to such transaction in accordance with Appendix F of the 401(K) Plus Plan.
	
			
	Transaction
	Closing Date
	Exceptions/Special Rules

	Sale of Life Reinsurance Business Unit to MARC
	12/31/00
	None

	Sale of CNA Credit Collection Agency, Inc.,  to Coface 
	12/31/02
	None

	Sale of the unbundled risk management business of RSKCo Services, Inc to Cunningham Lindsey US 
	6/2/03
	None

	Sale of Smith System to McFadden Brothers
	4/29/03
	None

	Sale of CNA Group Operations to Hartford Financial Services Group
	12/31/03
	None

	Sale of individual life insurance business to Swiss Re Life & Health America
	App. 3/31/04
	None

25

APPENDIX B
EXCESS BENEFIT PLAN

B1.    Purpose and Interpretation.  The purpose of this Appendix B is to establish a separable portion of the Plan, referred to herein as the “Excess Benefit Plan”, solely for the purpose of providing benefits for Employees whose benefits under the 401(K) Plus Plan are restricted by Code §415.  Except as otherwise specifically provided in this Appendix B, all provisions of the Plan shall apply to Participants in the Excess Benefit Plan to the same extent and in the same manner such provisions apply to Participants in the Plan.  All capitalized terms used in this Appendix B shall have the same meaning as such terms as defined in the Plan.  It is the Company’s intent that the benefits accrued for Participants solely under this Appendix B shall constitute a separable part of the Plan that constitutes an “excess benefit plan” as defined in §3(36) of ERISA.

B2.    Eligibility.  The Employees who are eligible to participate in the Excess Benefit Plan shall be those Employees whose benefits under the 401(K) Plus Plan are restricted solely by Code §415, and who are not, and never have been, eligible to participate in the Plan pursuant to Section 2.1 thereof.  An Employee shall become a Participant in the Excess Benefit Plan on the first payroll date on which an amount that would otherwise have been credited to his account in the 401(K) Plus Plan cannot be credited solely by reason of Code §415, and shall remain a Participant in the Excess Benefit Plan until either his Account is fully distributed, or he transfers to the Plan pursuant to Section B4 below.

B3.    Benefits Credited to Account.  The amount credited to the Account of a Participant in the Excess Benefit Plan in each Plan Year shall be equal to the amount that would have been credited to his Account in the Plan pursuant to Section 2.3 (other than the first sentence of Section 2.3(a)) for such Plan Year if he were eligible to participate in the Plan for such Plan Year, but taking into account only the Tax Limit imposed by Code §415.  A Participant’s Account in the Excess Benefit Plan shall be treated as an Account in the Plan for all purposes of the Plan.

B4.    Payment Election.  When an Employee first becomes eligible to participate in the Excess Benefit Plan, but not more than 30 days after such date, the Administrator may permit the Employee to make an election as to the form of payment of his benefit in accordance with Section 2.6(b) (provided that the Employee is not described in the provision to Section 2.6(b)(ii)), which election shall thereafter be treated as an election made under Section 2.6(b).

B5.    Transfer to Plan.  If an Employee who has been a Participant in the Excess Benefit Plan in any Plan Year subsequently becomes eligible to participate in the Plan pursuant to Section 2.1, his Account under the Excess Benefit Plan shall be transferred to the Plan, and he shall thereafter be considered a Participant in the Plan and shall be ineligible to again participate in the Excess Benefit Plan for so long as he remains an Employee, even if he subsequently becomes ineligible to participate in the Plan.

26Exhibit 10.1

 

Citigroup 2014 Stock Incentive Plan

(as amended and restated as of April 24, 2018)
 

 

		1.	Purpose

 

The purposes of the Citigroup 2014 Stock
Incentive Plan (the “Plan”) are to (i) align incentive compensation programs with the Company’s long-term business
objectives and the interests of stockholders; (ii) attract and retain Employees by providing compensation opportunities that are
competitive within the global financial services industry; and (iii) provide compensation opportunities that do not create incentives
to take imprudent risks.

 

		2.	Effective Date and Term

 

The Plan became effective on April 22,
2014 (the “Effective Date”). Unless terminated earlier by the Committee, the Plan will expire on the date of the annual
general meeting of stockholders to be held in 2019. The Plan replaces the Prior Plan for Awards granted on or after the Effective
Date. Awards may not be granted under the Prior Plan beginning on the Effective Date, but the adoption and effectiveness of the
Plan will not affect the terms or conditions of any outstanding awards granted under the Prior Plan or any other plan prior to
the Effective Date.

 

		3.	Definitions

 

“Award”
shall mean an Option, SAR, or Stock Award granted under the Plan.

 

“Award
Agreement” shall mean the paper or electronic document evidencing an Award granted under the Plan.

 

“Board”
shall mean the Board of Directors of the Company.

 

“Change
of Control” shall have the meaning set forth in Section 11.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended, including any rules and regulations promulgated thereunder.

 

“Committee”
shall mean the Personnel and Compensation Committee of the Board, or a sub-committee thereof, the members of which shall satisfy
the requirements of Rule 16b-3 of the 1934 Act and who, or another sub-committee thereof, shall also qualify, and remain qualified,
as “outside directors,” as defined in Section 162(m) of the Code; provided, however, that with respect to the application
of the Plan to Directors, unless specifically provided otherwise herein, the Board. Unless expressly provided otherwise herein
or not permitted by applicable law, “Committee” includes any authorized delegate of the Committee, including each
Plan Administrator. For avoidance of doubt, a failure of one or more members of the Committee to satisfy the requirements of Rule
16b-3 of the 1934 Act or Section 162(m) of the Code shall not impair the validity of actions taken by the Committee, including
the granting of any Award.

 

“Common
Stock” shall mean the common stock of the Company, par value $.01 per share.

 

“Company”
shall mean Citigroup Inc., a Delaware corporation.

 

“Covered
Employee” shall mean “covered employee” as such term is defined in Section 162(m)(3) of the Code.

 

“Deferred
Stock Award” shall mean an Award payable in shares of Common Stock at the end of a specified deferral period that is
subject to the terms, conditions, limitations, and restrictions set forth in the Plan and an Award Agreement.

 

“Director”
shall mean a member of the Board who is not also an active employee or officer of the Company or a Subsidiary.

 

“Employee”
shall have the meaning set forth in General Instruction A to the Registration Statement on Form S-8 promulgated under the
Securities Act of 1933, as amended, or any successor form or statute, as determined by the Committee. Notwithstanding the foregoing,
consultants and advisors (other than Directors) shall not be eligible to receive Awards under the Plan.

 

    	 	1	 

     

    

 

“Fair
Market Value” shall mean, in the case of a grant of an Option or a SAR, the closing price of a share of Common Stock
on the New York Stock Exchange (or, if the Common Stock is not traded on the New York Stock Exchange, the principal national securities
exchange upon which the Common Stock is traded or quoted) on the date on which the Option or the SAR is granted. For all other
purposes of administering an Award (including Options and SARs granted as Substitute Awards), “Fair Market Value”
shall be as determined pursuant to the valuation methodology approved for such purpose by the Committee.

 

“GAAP”
shall mean U.S. generally accepted accounting principles.

 

“Gross
Misconduct” shall mean any conduct by a Participant (a) while employed by the Company or a Subsidiary that is competitive
with the Company’s or any Subsidiary’s business operations, (b) that is in breach of any obligation that Participant
owes to the Company or any Subsidiary or of that Participant’s duty of loyalty to the Company or any Subsidiary, (c) that
is materially injurious to the Company or any Subsidiary, or (d) that otherwise constitutes “gross misconduct” as
determined pursuant to guidelines adopted by the Committee or a duly authorized Plan Administrator.

 

“Option”
shall mean the right to purchase a specified number of shares of Common Stock at a stated exercise price for a specified period
of time subject to the terms, conditions, limitations, and restrictions set forth in the Plan and an Award Agreement.

 

“Participant”
shall mean an Employee or former Employee who holds an Award under the Plan (and the legal representative of the estate of
a deceased Participant).

 

“Performance
Condition” shall mean any condition to the vesting of an Award based on the performance of the Company (including one
or more of its Subsidiaries), the performance of any branch, business unit of the Company (or of any Subsidiary), or the performance
of an individual Participant (other than remaining employed by the Company or a Subsidiary), whether based on absolute or relative
performance measures, and whether or not the Award is intended to be a Qualified Performance-Based Award.

 

“Plan
Administrator” shall mean any officer or employee of the Company or a Subsidiary performing a function related to administration
of the Plan as part of his or her normal job duties, and any director, officer, or employee, whether acting alone or as part of
a committee or other group, or non-employee agent, to whom any authority over any matter related to administration of the Plan
or any Award has been directly or indirectly delegated by the Committee.

 

“Prior
Plan” shall mean the Citigroup 2009 Stock Incentive Plan.

 

“Qualified
Performance-Based Award” shall mean any Award (other than an Option or SAR that otherwise qualifies as performance-based
compensation under Section 162(m) of the Code) designated as such by the Committee at the time of grant, based upon a determination
that (a) the Participant is or may be a Covered Employee in the year in which the Company would expect to be able to claim a tax
deduction with respect to such Award, and (b) the Committee intends for the Award to satisfy the requirements of Section 162(m)
of the Code.

 

“Repricing”
shall mean (a) any action that constitutes a “repricing” under GAAP or the rules of the New York Stock Exchange
(including any modification or amendment to an outstanding Option or SAR that has the effect of reducing its exercise price),
(b) any cancellation of an Option or SAR when its exercise price exceeds Fair Market Value in exchange for cash, (c) any cancellation
of an Option or SAR in exchange for a new Option or SAR with a lower exercise price, or (d) a substitution of a Stock Award for
an Option or SAR when its exercise price exceeds Fair Market Value; in each case other than an adjustment to an outstanding Award
that is consistent with the requirements of Section 6(d).

 

“Restricted
Stock Award” shall mean an Award of Common Stock that is subject to the terms, conditions, limitations, and restrictions
set forth in the Plan and an Award Agreement.

 

“SAR”
shall mean “stock appreciation right,” which is a right to receive a payment, during a specified term, in cash,
Common Stock, or a combination thereof, in an amount equal to the excess of the Fair Market Value of a specified number of shares
of Common Stock at the time the SAR is exercised over the exercise price of such SAR, which right is subject to the terms, conditions,
limitations, and restrictions set forth in the Plan and an Award Agreement.

 

    	 	2	 

     

    

 

“Section
16(a) Officer” shall mean an Employee who is subject to the reporting requirements of Section 16(a) of the 1934 Act.

 

“Stock
Award” shall mean a Deferred Stock Award, a Restricted Stock Award, a Stock Payment, or Other Stock-Based Award.

 

“Stock
Payment” shall mean an immediately vested payment in shares of Common Stock that may or may not be in lieu of cash.

 

“Subsidiary”
shall mean any of the consolidated subsidiaries of the Company.

 

“Substitute
Award” shall mean an Award designated as such and granted in connection with a transaction between the Company or a
Subsidiary and another entity or business in substitution or exchange for, or conversion, adjustment, assumption, or replacement
of, awards previously granted by such other entity to any individuals who have become Employees of the Company or any Subsidiary
as a result of such transaction or who were formerly employed by the acquired entity. An Award granted as an inducement to joining
the Company or a Subsidiary in replacement of an award forfeited when leaving a previous employer to join the Company or a Subsidiary
shall not be considered a Substitute Award.

 

“1934
Act” shall mean the Securities Exchange Act of 1934, as amended, including the rules and regulations promulgated thereunder
and any successor thereto.

 

		4.	The Committee

 

		(a)	Committee Authority. The Committee shall have
full and exclusive power to administer and interpret the Plan, to grant Awards and to adopt such administrative rules, regulations,
procedures, and guidelines governing the Plan and Awards as it deems appropriate from time to time. The Committee’s authority
shall include, but not be limited to, the authority to (i) determine the type of Awards to be granted under the Plan; (ii) select
Award recipients and determine the extent of their participation; and (iii) establish all other terms, conditions, limitations,
and restrictions applicable to Awards, Award programs and the shares of Common Stock issued pursuant thereto. Subject to the limitations
set forth in the Plan, the Committee may suspend, accelerate, or defer the vesting or payment of Awards, cancel or modify outstanding
Awards, waive any conditions or restrictions imposed with respect to Awards or the Common Stock issued pursuant to Awards, and
make any and all other determinations that it deems appropriate with respect to the administration of the Plan.

 

		(b)	Administration of the Plan. The administration
of the Plan shall be managed by the Committee. The Committee shall have the power to prescribe and modify, as necessary, the form
of Award Agreement, to correct any defect, supply any omission, or clarify any inconsistency in the Plan and/or in any Award Agreement
and to take such actions and make such administrative determinations that the Committee deems appropriate. Any decision of the
Committee in the administration of the Plan shall be final, binding, and conclusive on all parties concerned, including the Company,
its stockholders and Subsidiaries, and all Participants.

 

		(c)	Delegation of Authority. To the extent not inconsistent
with applicable law, the rules of the New York Stock Exchange, or other provisions of the Plan, the Committee may at any time
delegate to a Plan Administrator some or all of its authority over the administration of the Plan, with respect to persons who
are not Section 16(a) Officers or Covered Employees. Actions taken or determinations made by or ratified by a duly authorized
Plan Administrator shall have the same force and effect as if undertaken or made by the Committee, and all references in the Plan
to the Committee (except with respect to actions or determinations related exclusively to Section 16(a) Officers or Covered Employees)
shall be deemed to include a reference to a duly authorized Plan Administrator.

 

		(d)	Prohibition Against Repricing. Notwithstanding
any provision of the Plan to the contrary, in no event shall any action be taken under the Plan that constitutes a Repricing of
any Option or SAR granted under the Plan, or of any option or stock appreciation right granted under the Prior Plan or any other
plan of the Company or of an acquired company, except with approval of the stockholders of the Company.

 

    	 	3	 

     

    

 

		(e)	Indemnification. No member of the Committee or
any Plan Administrator shall be personally liable for any action or determination made with respect to the Plan, except for his
or her own willful misconduct or as expressly provided by statute. The members of the Committee and every Plan Administrator shall
be entitled to indemnification and reimbursement from the Company, to the extent permitted by applicable law and the By-laws and
policies of the Company. In the performance of its functions under the Plan, the Committee (and each member of the Committee and
every Plan Administrator) shall be entitled to rely in good faith upon information and advice furnished by the Company’s
officers, employees, accountants, counsel, and any other party they deem appropriate, and neither the Committee nor any Plan Administrator
shall be liable for any action taken or not taken in reliance upon any such advice.

 

		5.	Participation

 

		(a)	Eligible Employees. The Committee shall determine
which Employees shall be eligible to receive Awards under the Plan, provided that consultants and advisors (other than members
of the Board in their roles as such) shall not be eligible to receive Awards under the Plan. Former Employees may be eligible
to receive Awards under the Plan, but only if a Substitute Award or with respect to their last year of service. With respect to
Employees subject to U.S. income tax, Options and SARs (unless Substitute Awards) shall only be granted to such Employees who
provide direct services to the Company or a Subsidiary of the Company as of the date of grant of the Option or SAR.

 

		(b)	Participation by Employees of Subsidiaries. Employees
of Subsidiaries may participate in the Plan upon approval of Awards to such Employees by the Committee. Awards to Employees of
Subsidiaries may be conditioned upon the Subsidiary’s agreement to reimburse the Company for costs and expenses of such
participation, as determined by the Committee.

 

		(c)	Participation Outside of the United States. In
order to facilitate the granting of Awards to Employees who are foreign nationals or who are employed outside of the U.S., the
Committee may provide for such special terms and conditions, including, without limitation, substitutes for Awards, as the Committee
may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom.

 

		(d)	Maximum Individual Awards

 

		(i)	Limits on Awards to Directors. Awards under the
Plan in any calendar year to a Director in respect of service as a Director (including Awards made at the election of a Director
in lieu of all or any portion of his or her cash retainers) may not exceed $900,000 in value, based on the combined grant-date
fair value of each Stock Award and the grant-date fair value (in each case as determined in accordance with GAAP) of each Option
or SAR that is granted during a calendar year.

 

		(ii)	Limits on Options and SARs. The aggregate number
of shares of Common Stock that may be subject to all Options and SARs granted to an individual Employee (other than as a Director)
in a calendar year may not exceed 1,000,000 shares (subject to adjustment pursuant to Section 6(d)).

 

		(iii)	Limits on Stock Awards. The aggregate number
of shares of Common Stock that may be subject to all Stock Awards granted to an individual Employee (other than as a Director)
in a calendar year may not exceed 1,000,000 shares (subject to adjustment pursuant to Section 6(d)).

 

		(iv)	Substitute Awards. Notwithstanding the foregoing,
shares subject to an Award that is a Substitute Award shall not count against any individual Award limit in this Section 5(d).

 

    	 	4	 

     

    

 

		6.	Available Shares of Common Stock

 

		(a)	Shares Subject to the Plan. Common Stock issued
pursuant to Awards granted under the Plan may be shares that have been authorized but unissued, or have been previously issued
and reacquired by the Company, or both. Reacquired shares may consist of shares purchased in open market transactions or otherwise.
Pursuant to and subject to the other provisions of this Section 6, the aggregate number of shares of Common Stock that may be
issued pursuant to Awards granted under the Plan shall not exceed the sum of (i) fifty-two million (52,000,000) shares; and (ii)
any additional number of shares that may be authorized for issuance pursuant to any amendments to the Plan approved by stockholders
of the Company after the Effective Date. Effective April 28, 2015, pursuant to an amendment to the Plan approved by the stockholders
of the Company, an additional twenty million (20,000,000) shares of Common Stock were authorized for issuance to Participants
pursuant to Awards granted under the Plan. Effective April 26, 2016, pursuant to an amendment to the Plan approved by the stockholders
of the Company, an additional twenty million (20,000,000) shares of Common Stock were authorized for issuance to Participants
pursuant to Awards granted under the Plan. Effective April 24, 2018, pursuant to an amendment to the Plan approved by the stockholders
of the Company, an additional fifteen million (15,000,000) shares of Common Stock were authorized for issuance to Participants
pursuant to Awards granted under the Plan.

 

		(b)	Forfeited and Expired Awards. Awards granted
under the Plan that are forfeited, expire, or are cancelled or settled without issuance of shares shall not count against the
maximum number of shares that may be issued under the Plan as set forth in Section 6(a) and shall be available for future Awards
under the Plan. Notwithstanding the foregoing, all shares of Common Stock that are (i) withheld or tendered in payment of an Option
exercise price or repurchased by the Company with Option exercise proceeds; (ii) withheld or tendered to satisfy any tax withholding
obligation (in connection with any Option, SAR, Stock Award, or otherwise); (iii) covered by a SAR (to the extent that it is settled
in shares of Common Stock, without regard to the number of shares of Common Stock that are actually issued to the Participant
upon exercise); (iv) withheld by the Company to satisfy any debt or other obligation owed to the Company or any Subsidiary; and
(v) fractional shares of Common Stock that are cancelled pursuant to Section 7(f), shall be considered issued pursuant to the
Plan and shall not be added to the maximum number of shares that may be issued under the Plan as set forth in Section 6(a).

 

		(c)	Other Items not Included in Allocation. The maximum
number of shares that may be issued under the Plan as set forth in Section 6(a) shall not be affected by (i) the payment in cash
of dividends or dividend equivalents in connection with outstanding Awards; or (ii) the grant of Substitute Awards. Any shares
purchased by or on behalf of Participants in a dividend reinvestment program established under the Plan shall not count against
the maximum number of shares that may be issued under the Plan as set forth in Section 6(a), provided that such shares are purchased
in open-market transactions or are treasury shares purchased directly from the Company at Fair Market Value at the time of purchase.
Unless the Committee determines otherwise, Section 16(a) Officers may not participate in dividend reinvestment programs established
under the Plan.

 

		(d)	Adjustments. In the event of any change in the
Company’s capital structure, including but not limited to a change in the number of shares of Common Stock outstanding,
on account of (i) any stock dividend, stock split, reverse stock split, or any similar equity restructuring; or (ii) any combination
or exchange of equity securities, merger, consolidation, recapitalization, reorganization, or divesture or any other similar event
affecting the Company’s capital structure, to reflect such change in the Company’s capital structure, the Committee
shall make appropriate equitable adjustments to (i) the maximum number of shares of Common Stock that may be issued under the
Plan as set forth in Section 6(a); and (ii) to the extent permitted under Section 162(m) of the Code, the maximum number of shares
that may be granted to any single individual pursuant to the limits set forth in Section 5(d). In the event of any extraordinary
dividend, divestiture, or other distribution (other than ordinary cash dividends) of assets to stockholders, or any transaction
or event described above, to the extent necessary to prevent the enlargement or diminution of the rights of Participants, the
Committee shall make appropriate equitable adjustments to the number or kind of shares subject to an outstanding Award, the exercise
price applicable to an outstanding Award, and/or a Performance Condition. Any adjustments under this Section 6(d) shall be made
in a manner that does not adversely affect the exemption provided pursuant to Rule 16b-3 under the 1934 Act or qualification under
Section 162(m) of the Code, to the extent each may be applicable. The Company shall give each Participant notice of an adjustment
to an Award hereunder and, upon notice, such adjustment shall be conclusive and binding for all purposes. Notwithstanding the
foregoing, the Committee shall decline to adjust any Award made to a Participant if such adjustment would violate applicable law.

 

    	 	5	 

     

    

 

		7.	Awards Under the Plan

 

Awards under the Plan may be granted as
Options, SARs, or Stock Awards, as described below. Awards may be granted singly, in combination, or in tandem as determined by
the Committee. Subject to the terms of the Plan (including but not limited to the minimum vesting requirement of Section 7(d)),
Awards shall have such terms, conditions, limitations, and restrictions as may be determined by the Committee from time to time,
and may include vesting, forfeiture, and clawback provisions.

 

		(a)	Options. Options shall expire after such period,
not to exceed 10 years, as may be determined by the Committee. If an Option is exercisable in installments, such installments
or portions thereof that become exercisable shall remain exercisable until the Option expires or is otherwise cancelled pursuant
to its terms or the terms of the Plan. In no event shall any Option issued under the Plan be a “reload” Option or
carry any similar rights.

 

		(i)	Exercise Price. The Committee shall determine
the exercise price per share for each Option, which shall not be less than 100% of the Fair Market Value on the grant date, unless
the Option is a Substitute Award.

 

		(ii)	Exercise of Options. Upon satisfaction of the
applicable conditions relating to vesting and exercisability, as determined by the Committee, and upon provision for the payment
in full of the exercise price and applicable taxes due, the Participant shall be entitled to exercise the Option and receive the
number of shares of Common Stock issuable in connection with the Option exercise. The shares issued in connection with the Option
exercise may be subject to such conditions and restrictions as the Committee may determine, from time to time. An Option may be
exercised by any method as may be permitted by the Committee from time to time, including but not limited to any “net exercise”
or other “cashless” exercise method.

 

		(b)	Stock Appreciation Rights. SARs granted under
the Plan shall expire after such term, not to exceed 10 years, as may be determined by the Committee. The exercise price per share
of Common Stock subject to a SAR shall not be less than 100% of Fair Market Value on the grant date, unless the SAR is a Substitute
Award.

 

		(c)	Stock Awards

 

		(i)	Stock Payment. Subject to the terms of the Plan,
the Committee may grant vested shares of Common Stock as a Stock Payment. A Stock Payment may be in lieu of cash compensation,
but may be subject to restrictions on sale or transfer, or cancellation and recoupment, as determined by the Committee. A Stock
Payment under the Plan may be granted as, or in payment of, a bonus including without limitation any compensation that is intended
to qualify as performance-based compensation for purposes of Section 162(m) of the Code, determined pursuant to any other plan.
Any shares of Common Stock granted as a Stock Payment in lieu of cash compensation shall be valued at their Fair Market Value.

 

		(ii)	Restricted Stock. Unvested shares of Common Stock
issued pursuant to a Restricted Stock Award shall be entitled to voting rights as provided in Section 9, unless determined otherwise
by the Committee. Upon satisfaction of all conditions to vesting and any tax withholding obligations, and upon the lapse of any
post-vesting restrictions on sale or transfer, shares of Common Stock subject to a Restricted Stock Award shall be delivered to
a Participant free of restriction. A Restricted Stock Award may, but need not, be a Qualified Performance-Based Award.

 

		(iii)	Deferred Stock. A Deferred Stock Award represents
only an unfunded, unsecured promise to deliver shares of Common Stock in the future and does not give a Participant any greater
rights than those of an unsecured general creditor of the Company. Upon satisfaction of all conditions to vesting and any tax
withholding obligations, shares of Common Stock subject to a vested Deferred Stock Award will be issued, and upon the lapse of
any post-vesting restrictions on sale or transfer, such shares of Common Stock will be delivered to a Participant free of restriction.
A Deferred Stock Award may, but need not, be a Qualified Performance-Based Award.

 

    	 	6	 

     

    

 

		(iv)	Other Stock-Based Awards. To the extent not prohibited
by applicable law, the Committee may grant any other Award that is denominated in shares of Common Stock and that may be settled
in cash and/ or by the delivery of shares of Common Stock (for the avoidance of doubt, an award that by its terms may be settled
only in cash shall not be an Award under this Plan). An Other Stock-Based Award may, but need not, be a Qualified Performance-Based
Award.

 

		(d)	Minimum Vesting. Awards shall not vest in full
prior to the third anniversary of their grant date; provided, however, that the Committee may grant Awards that vest in full in
less than three years (i) on account of a Participant’s retirement, death, disability, leave of absence, termination of
employment, or upon the sale or other disposition of a Participant’s employer or any other similar event, as specified in
the Award Agreement; (ii) upon satisfaction of a Performance Condition subject to a performance period of at least one year; or
(iii) as a Substitute Award in replacement of an award scheduled to vest in full in less than three years from the date of grant
of such Substitute Award. Notwithstanding the foregoing, up to 10% of the shares of Common Stock authorized for issuance under
the Plan pursuant to Section 6(a) (as it may be adjusted pursuant to Section 6(d)) may be granted as Stock Payments or subject
to other Awards that provide for vesting in full in less than three years.

 

		(e)	Performance-Based Awards

 

		(i)	The Committee may grant Awards that are subject to,
or may vest on an accelerated basis upon, the achievement of one or more Performance Conditions related to a period of performance
of not less than one year. A premium-priced Option or SAR that is subject to no other Performance Condition shall be considered
to have a Performance Condition (for purposes of Section 7(d)) only if its exercise price is at least 125% of Fair Market Value
on the grant date. If an Award is designated as a Qualified Performance- Based Award, it shall be administered as set forth in
Section 7(e)(ii).

 

		(ii)	The Committee may at the time of grant of any Award
(other than an Option or SAR that otherwise qualifies under Section 162(m) of the Code) designate such Award as a Qualified Performance-
Based Award. Qualified Performance-Based Awards shall be administered in accordance with the following procedures:

 

		A.	Vesting of the Award or the maximum amount of the Award
eligible to vest shall be determined based on the attainment of written objective Performance Conditions selected by the Committee
in accordance with Section 7(e)(ii)(B) for a performance period established by the Committee while the attainment of the Performance
Conditions for that performance period is substantially uncertain and not more than 90 days after the commencement of the performance
period, which may not be less than one year.

 

		B.	The vesting of a Qualified Performance-Based Award or
the maximum amount of a Qualified Performance-Based Award eligible to vest must be based on one or more of the following objective
Performance Conditions and expressed in either, or a combination of, absolute or relative values or a percentage of: revenue,
revenue or product growth, net income (pre- or after-tax), earnings, earnings per share, stockholders’ equity or return
on stockholders’ equity, assets or return on assets, return on risk-adjusted assets, capital or return on capital, return
on risk capital, book value or book value per share, economic value-added models or equivalent metrics, operating income, pre-
or after-tax income, expenses or reengineering savings, margins, cash flow or cash flow per share, stock price, total shareholder
return, market share, debt reduction, net promoter scores, operating efficiency ratios, expense ratios, liquidity ratios, or regulatory
achievements. Such Performance Conditions may be used on an absolute or relative basis to measure the performance of the Company
as a whole, any business unit(s) of the Company and its Subsidiaries and/or one or more of its branches or affiliates, or the
performance of an individual Covered Employee, and may be used in any combination as the Committee may deem appropriate. Such
Performance Conditions may be based on performance determined on a per share basis (either basic or fully diluted) and/or as compared
to the performance of a group of peer or comparator companies, prior performance periods, a published or special index or indices
that the Committee deems appropriate, or such other measures selected or defined by the Committee at the time such Performance
Conditions are established.

 

    	 	7	 

     

    

 

		C.	Upon the conclusion of each performance period, the
Committee shall determine whether the applicable Performance Conditions established in accordance with Section 7(e)(ii)(A) and
(B) have been met with respect to each Participant, and if so, shall certify in writing that such Performance Conditions have
been met and the amount payable pursuant to each Participant’s Qualified Performance-Based Award. No Qualified Performance-Based
Award will be paid for a performance period until such certification is made by the Committee.

 

		(iii)	Except as otherwise expressly provided, all financial
terms used in defining a Performance Condition shall be as defined under GAAP or such other objective principles (including but
not limited to International Financial Reporting Standards) as may be designated by the Committee, and may provide for such objectively
determinable adjustments, modifications, or amendments as the Committee deems appropriate, including (but not limited to) with
respect to items determined to be extraordinary or unusual in nature or infrequent in occurrence, or that are related to discontinued
operations, the disposal of a business or assets, or a change in accounting principle under GAAP, or that are attributable to
the business operations of any entity acquired by the Company or a Subsidiary during a relevant performance period.

 

		(f)	Fractional Shares. The Company shall not be obligated
to issue any fractional shares of Common Stock in settlement of Awards granted under the Plan. If an Award includes or results
in an entitlement to a fractional share for any reason, the Award shall be settled in full by issuance of the maximum whole number
of shares of Common Stock the Participant is entitled to receive pursuant to the terms of the Award (upon satisfaction of all
applicable conditions to the issuance of shares) and the Company may cancel the fractional share without any compensation to the
Participant.

 

		8.	Dividends and Dividend Equivalents

 

The Committee may provide that Stock Awards
shall earn dividends or dividend equivalents. Such dividends or dividend equivalents may be paid currently or may be credited to
an account maintained on the books of the Company. Any payment or crediting of dividends or dividend equivalents will be subject
to such terms, conditions, limitations, and restrictions as the Committee may establish, from time to time, including, without
limitation, reinvestment in additional shares of Common Stock or common share equivalents. Notwithstanding the foregoing, the Committee
may not provide for the current payment of dividends or dividend equivalents with respect to any shares of Common Stock subject
to an Award with a Performance Condition; for such Awards, the Committee may only provide for the accrual of dividends or dividend
equivalents that will not be payable to a Participant unless and until, and only to the extent that, the shares of Common Stock
subject to the Award vest upon satisfaction of the relevant Performance Condition and all other applicable conditions to vesting.
Dividend or dividend equivalent rights shall be as specified in the Award Agreement, or pursuant to a resolution adopted by the
Committee with respect to outstanding Awards. No dividends or dividend equivalents shall be paid on Options or SARs.

 

		9.	Voting

 

Unless the Committee has determined otherwise,
a Participant shall have the right to direct the vote of shares of Common Stock subject to an unvested Restricted Stock Award.
Unvested shares of Common Stock that are eligible to vote shall be voted by a Plan Administrator in accordance with instructions
received from Participants (unless to do so would constitute a violation of any applicable exchange rules). Shares subject to unvested
Restricted Stock Awards as to which no instructions are received shall be voted by the Plan Administrator proportionately in accordance
with instructions received with respect to all other unvested Restricted Stock Awards (including, for these purposes, outstanding
awards granted under the Prior Plan and any other “non-qualified” stock incentive plan of the Company) that are eligible
to vote (unless to do so would constitute a violation of any applicable exchange rules).

 

    	 	8	 

     

    

		10.	Nontransferability

 

Awards granted under the Plan, and during
any period of restriction on transferability, shares of Common Stock issued in connection with the exercise of an Option or a SAR,
or vesting of a Stock Award may not be sold, pledged, hypothecated, assigned, margined, or otherwise transferred by a Participant
in any manner other than by will or the laws of descent and distribution, unless and until the shares underlying such Award have
been issued, and all restrictions applicable to such shares have lapsed or have been waived by the Committee. No Award or interest
or right therein shall be subject to the debts, contracts, or engagements of a Participant or his or her successors in interest
or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment, or any other means whether
such disposition be voluntary or involuntary or by operation of law, by judgment, lien, levy, attachment, garnishment, or any other
legal or equitable proceedings (including bankruptcy and divorce), and any attempted disposition thereof shall be null and void,
of no effect, and not binding on the Company in any way. Notwithstanding the foregoing, the Committee may permit Options and/or
shares issued in connection with an Option or a SAR exercise that are subject to restrictions on transferability, to be transferred
one time and without payment or consideration to a member of a Participant’s immediate family or to a trust or similar vehicle
for the benefit of a Participant’s immediate family members. During the lifetime of a Participant, all rights with respect
to Awards shall be exercisable only by such Participant or, if applicable pursuant to the preceding sentence, a permitted transferee.

 

		11.	Change of Control of the Company

 

		(a)	The Committee may, at the time an Award is made or at
any time prior to, coincident with, or after the time of a Change of Control:

 

		(i)	provide for the adjustment of any Performance Conditions
as the Committee deems necessary or appropriate to reflect the Change of Control;

 

		(ii)	provide for the cancellation of any Awards then outstanding
if the surviving entity or acquiring entity (or the surviving or acquiring entity’s parent company) in the Change of Control
replaces the Awards with new rights of substantially equivalent value, as determined by the Committee;

 

		(iii)	provide that upon an involuntary termination of a Participant’s
employment as a result of a Change of Control, any time periods shall accelerate, and any other conditions relating to the vesting,
exercise, payment, or distribution of an Award shall be waived; or

 

		(iv)	provide that Awards shall be purchased for an amount
of cash equal to the amount that could have been obtained for the shares covered by a Stock Award if it had been vested and or
by an Option or SAR if it had been exercised at the time of the Change of Control.

 

		(b)	Notwithstanding any other provisions of the Plan or
an Award Agreement to the contrary, the vesting, payment, purchase, or distribution of an Award may not be accelerated by reason
of a Change of Control for any Participant unless the Participant’s employment is involuntarily terminated as a result of
the Change of Control. For purposes of this Section 11, a Participant’s employment will be deemed to have been involuntarily
terminated as a result of a Change of Control if it is involuntarily terminated other than for Gross Misconduct at any time beginning
on the date of the Change of Control up to and including the first anniversary of the Change of Control.

 

		(c)	A “Change of Control” shall be deemed to
occur if and when:

 

		(i)	any person, including a “person” as such
term is used in Section 14(d)(2) of the 1934 Act (a “Person”), is or becomes a beneficial owner (as such term is defined
in Rule 13d-3 under the 1934 Act), directly or indirectly, of securities of the Company representing 30% or more of the combined
voting power of the Company’s then outstanding securities;

 

		(ii)	individuals who, as of the Effective Date, 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 Effective Date whose election, or nomination for election by the Company’s
stockholders, 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 either an actual or threatened election contest (as such terms are used in Rule 14a-11
of Regulation 14A promulgated under the 1934 Act) or other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board;

 

    	 	9	 

     

    

 

		(iii)	all or substantially all of the assets of the Company
are sold, transferred, or distributed, or the Company is dissolved or liquidated; or

 

		(iv)	a reorganization, merger, consolidation, or other corporate
transaction involving the Company (a “Transaction”) is consummated, in each case, with respect to which the stockholders
of the Company immediately prior to such Transaction do not, immediately after the Transaction, own more than 50% of the combined
voting power of the Company or other corporation resulting from such Transaction in substantially the same respective proportions
as such stockholders’ ownership of the voting power of the Company immediately before such Transaction.

 

		12.	Award Agreements

 

Each Award under the Plan shall be evidenced
by an Award Agreement (as such may be amended from time to time) that sets forth the terms, conditions, restrictions, and limitations
applicable to the Award, including, but not limited to, the provisions governing vesting, exercisability, payment, forfeiture,
and termination of employment, all or some of which may be incorporated by reference into one or more other documents delivered
or otherwise made available to a Participant in connection with an Award. The Committee need not require the formal execution or
acceptance of such document by the Participant, in which case acceptance of any benefit of the Award by the Participant shall constitute
agreement by the Participant to the terms, conditions, restrictions, and limitations set forth in the Plan and the Award Agreement
as well as the administrative guidelines and practices of the Company in effect from time to time. Any assertion by an Employee
that any term, condition, limitation, or restriction of the Award as specified in the Award Agreement is invalid or not binding
on such Employee because of his or her non-acceptance of the Award Agreement (or any portion thereof) shall be deemed a refusal
of the Award and the Employee shall cease to be a Participant with respect to the Award, which shall be immediately cancelled.
Each Award Agreement shall provide for forfeiture of unvested Awards if it is determined that a Participant engaged in Gross Misconduct
on or prior to a vesting date. Award Agreements and any other document required to be delivered to a Participant in connection
with an Award may be delivered in electronic form (including by posting on the Company’s intranet or other shared electronic
medium controlled by the Company to which a Participant has access).

 

		13.	Tax Withholding

 

Participants shall be solely responsible
for any applicable taxes (including without limitation income, payroll, and excise taxes) and penalties, and any interest that
accrues thereon, which they incur under applicable law in connection with the receipt, vesting, or exercise of any Award. The Company
and its Subsidiaries shall have the right to require payment of, or may deduct from any payment made under the Plan or otherwise
to a Participant, or may permit or require shares to be tendered or sold, including shares of Common Stock delivered or vested
in connection with an Award, in an amount sufficient to cover withholding of any federal, state, local, foreign, or other governmental
taxes or charges required by law, or hypothetical taxes required to be paid by a Participant pursuant to a tax-equalization policy
for expatriate employees, and to take such other action as may be necessary to satisfy any such withholding or payment obligations.
The value of any shares allowed to be withheld or tendered for tax withholding may not exceed the amount allowed consistent with
fixed plan accounting in accordance with GAAP, to the extent applicable. To the extent that a number of shares of Common Stock
sufficient to satisfy a tax withholding obligation of the Company may not be withheld (whether because the Award has not vested
in full pursuant to its terms, administrative procedures in effect at such time, applicable accounting principles, or any other
reason), it shall be a condition to the obligation of the Company to issue shares of Common Stock upon the exercise of an Option
or a SAR, or in settlement of any vested Award, that a Participant pay to the Company, on demand, such amount as may be requested
by the Company for the purpose of satisfying any actual tax withholding (or hypothetical tax) liability. If the amount is not timely
paid to the Company in cash by such Participant, the Company may cancel the Award and refuse to issue such shares.

 

    	 	10	 

     

    

		14.	Repayment Obligations and Right of Set-Off

 

		(a)	If the Committee determines that all conditions to vesting
and payment or distribution of an Award (or any portion thereof), or the vesting and exercisability of an Option or SAR (or any
portion thereof), were not satisfied in full on the scheduled vesting date (including but not limited to, any Performance Condition),
the Committee shall cancel such vesting and refuse to issue or distribute shares or cash and immediately terminate the Participant’s
rights with respect to such Award (or improperly vested portion thereof). If any such Award (or portion thereof) has already been
paid, distributed, or exercised, the Participant shall be obligated, upon demand, to: (i) in the case of an improperly vested
Stock Award, return the amount of any cash payment received in settlement of the Stock Award (or improperly vested portion thereof),
or if settled in shares, the number of shares of Common Stock issued in settlement of the Stock Award (or improperly vested portion
thereof), or make a cash payment in an amount equal to the Fair Market Value of such shares on their vesting date, if greater
than their Fair Market Value on the date they are due to be returned to the Company; or (ii) in the case of an improperly exercised
Option or SAR, make a cash payment in an amount equal to the gain realized upon exercise of such Option or SAR (or improperly
vested or exercised portion thereof), in each case, without reduction for any shares of Common Stock or cash withheld or paid
to satisfy withholding tax or hypothetical tax obligations in connection with such Awards or any other obligation of the Participant.

 

		(b)	To the extent not prohibited by applicable law, and
consistent with the requirements of Section 409A of the Code, if applicable, the Company will have the right to offset against
its obligation to deliver vested shares of Common Stock or make any vested cash payment pursuant to any Award granted under the
Plan: (i) any amounts paid by the Company or a Subsidiary to a third party pursuant to any award, judgment, or settlement of a
complaint, arbitration, or lawsuit of which a Participant was the subject; and (ii) any outstanding amounts (including, without
limitation, travel and entertainment or advance account balances, loans, repayment obligations under any Awards granted under
the Plan, or awards granted under any other plan, or any obligations pursuant to a tax-equalization or housing allowance policy
or other expatriate benefit) that a Participant then owes to the Company or a Subsidiary.

 

		15.	Other Benefit and Compensation Programs

 

Awards granted under the Plan and amounts
received upon vesting or exercise of an Award shall not be deemed a part of a Participant’s regular, recurring compensation
for purposes of calculating payments or benefits under any Company benefit plan or severance program unless specifically provided
for under the plan or program. Unless specifically set forth in an Award Agreement, Awards under the Plan are not intended as payment
for compensation that otherwise would have been delivered in cash, and even if so intended, such Awards shall be subject to such
vesting requirements and other terms, conditions, restrictions, and limitations as may be provided in the Award Agreement.

 

		16.	Unfunded Plan

 

Unless otherwise determined by the Committee,
the Plan shall be unfunded and shall not create (or be construed to create) a trust or a separate fund or funds. The Plan shall
not establish any fiduciary relationship between the Company and any Participant or other person. To the extent that any Participant
holds any rights by virtue of an Award granted under the Plan, such rights shall constitute general unsecured liabilities of the
Company and shall not confer upon any Participant or any other person or entity any right, title, or interest in any assets of
the Company.

 

		17.	Expenses of the Plan

 

The expenses of the administration of the
Plan shall be borne by the Company and its Subsidiaries. The Company may require Subsidiaries to pay for the Common Stock issued
under the Plan to Participants employed (or formerly employed) by such Subsidiaries.

 

		18.	Rights as a Stockholder

 

Unless the Committee determines otherwise,
a Participant shall not have any rights as a stockholder with respect to shares of Common Stock covered by an Award until the date
the Participant becomes the holder of record with respect to such shares.
No adjustment will be made for dividends or other rights for which the record date is prior to such date, except as provided in
Section 6(d) or Section 8.

 

    	 	11	 

     

    

 

		19.	Future Rights

 

No Employee shall have any claim or right
to be granted an Award under the Plan. There shall be no obligation of uniformity of treatment of Employees under the Plan. Further,
the Company and its Subsidiaries may adopt other compensation programs, plans, or arrangements as it deems appropriate or necessary.
The adoption of the Plan or the granting of any Award shall not confer upon any Employee any right to continued employment in any
particular position or at any particular rate of compensation, nor shall it interfere in any way with the right of the Company
or a Subsidiary to terminate the employment of its Employees at any time, free from any claim or liability under the Plan. Unless
expressly provided otherwise elsewhere in the Plan or in an Award Agreement, Awards under the Plan shall be made in anticipation
of future service and/or subject to other vesting conditions and will not be earned until all conditions to vesting have been satisfied.

 

		20.	Amendment and Termination

 

The Plan may be amended, suspended, or
terminated at any time by the Committee, provided that no amendment shall be made without stockholder approval, if it would (a)
materially increase the number of shares available under the Plan, (b) materially expand the types of awards available under the
Plan, (c) materially expand the class of persons eligible to participate in the Plan, (d) materially extend the term of the Plan,
(e) materially change the method of determining the exercise price of an Award, (f) delete or limit the Plan’s prohibition
against Repricing, or (g) otherwise require approval by the stockholders of the Company in order to comply with applicable law
or the rules of the New York Stock Exchange (or, if the Common Stock is not traded on the New York Stock Exchange, the principal
national securities exchange upon which the Common Stock is then traded or quoted). No such amendment referred to above shall be
effective unless and until it has been approved by the stockholders of the Company. The Committee retains the right to modify an
Award without a Participant’s prior consent if it determines that the modification is required to comply with applicable
law, regulation, or regulatory guidance (including applicable tax law). Except as may be provided by Section 7(e), Section 11,
and this Section 20, any other adverse modification shall not be effective without the Participant’s written consent. The
Company shall furnish or make available to Participants a written notice of any modification through a brochure, prospectus supplement,
or otherwise, which notice shall specify the effective date of such modification.

 

		21.	Successors and Assigns

 

The Plan and any applicable Award Agreement
entered into under the Plan shall be binding upon and inure to the benefit of the respective successors and permitted assigns of
Participants, including, without limitation, the executors, administrators, or trustees of a Participant’s estate, or any
receiver or trustee in bankruptcy or representative of a Participant’s creditors.

 

		22.	Governing Law

 

The Plan and all Award Agreements entered
into under the Plan shall be construed in accordance with and governed by the laws of the State of New York, except that any principles
or provisions of New York law that would apply the law of another jurisdiction (other than applicable provisions of U.S. federal
law) shall be disregarded. Notwithstanding the foregoing, matters with respect to indemnification, delegation of authority under
the Plan, and the legality of shares of Common Stock issued under the Plan, shall be governed by the Delaware General Corporation
Law.

 

    	 	12	 

     

    

 

		23.	Tax Compliance

 

Awards granted hereunder shall comply with
or be exempt from Section 409A of the Code, unless otherwise determined by the Committee. If pursuant to any Award that is subject
to Section 409A of the Code a Participant is entitled to receive a payment on a specified date, such payment shall be deemed made
as of such specified date if it is made (a) not earlier than 30 days before such specified date and (b) not later than December
31 of the year in which such specified date occurs or, if later, the fifteenth day of the third month following such specified
date, provided that the Participant shall not be permitted, directly or indirectly, to designate the taxable year in which such
payment is made. If pursuant to any Award that is subject to Section 409A of the Code a Participant is entitled to a series of
installment payments, such Participant’s right to the series
of installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment. For
purposes of the preceding sentence, the term “series of installment payments” has the same meaning as provided in Section
1.409A-2(b)(2)(iii) of the regulations promulgated under the Code. Notwithstanding any provision of this Plan to the contrary,
in no event shall the Company or any Subsidiary be liable to a Participant on account of an Award’s failure to (a) qualify
for favorable U.S. or foreign tax treatment or (b) avoid adverse tax treatment under U.S. or foreign law, including, without limitation,
Sections 409A and 457A of the Code.

 

		24.	Severability

 

If any provision of this Plan is finally
held to be invalid, illegal, or unenforceable (whether in whole or in part), such provision shall be deemed modified to the extent,
but only to the extent, of such invalidity, illegality, or unenforceability and the remaining provisions shall not be affected
thereby; provided that, if any such provision is finally held to be invalid, illegal, or unenforceable because it exceeds the maximum
scope determined to be acceptable to permit such provision to be enforceable, such provision shall be deemed modified to the minimum
extent necessary in order to make such provision enforceable.

 

    	 	13

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