Document:

Exhibit 10.8

 

 

CALYON, Sucursal en España

 

Banco Santander Central Hispano, S.A.

Att: Mr. Jose
Antonio Soler 

Ciudad Grupo Santander 

28660 Boadilla del Monte 

Madrid

 

Madrid, Friday 22nd June 2007

 

Dear Sirs,

 

We
refer to the two Standby Underwriting Commitment letters, the Fee letter, and
the Cover letter, each dated as of 5 May 2007, in relation to ABN AMRO Holding
N.V.

 

We
confirm hereby our agreement to replace the date of 5 June 2007 as the latest
date for the Banks to make a formal offer for the entire issued and to be
issued share capital of ABN AMRO Holding N.V., in each of the abovementioned
documents, by the date of 30 September 2007.

 

All
the terms contained in the mentioned documents remain unvaried in their
entirety, except as expressly modified herein.

 

 

Yours faithfully,

 

 

	
  By:

  	
        /s/
  Carlos Ortega

  	
   

  	
  By:

  	
          /s/
  Carlos Aranguren

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Carlos
  Ortega

  Managing Director Investment Banking

  CALYON

  	
  Carlos
  Aranguren

  Head of Credit Department
 CALYONExhibit 10.9

 

Banco
Santander Central Hispano, S.A.

For the attention of Mr. Jose Antonio Soler

Ciudad Grupo Santander

28660 Boadilla del Monte

Spain

 

22
June 2007

 

Dear
Sirs,

 

We refer to the two
Standby Underwriting Commitment letters, the Fee letter, and the Cover letter,
each dated as of 5 May 2007, as amended on 8 May 2007, in relation to ABN AMRO
Holding N.V.

 

We confirm hereby our
agreement to replace the date of 5 June 2007 as the latest date for the Banks
to make a formal offer for the entire issued and to be issued share capital of
ABN AMRO Holding N.V. in each of the abovementioned documents by the date of 30
September 2007.

 

All the terms contained
in the mentioned documents remain unvaried in their entirety, except as
expressly modified herein.

 

Yours faithfully,

 

	
  For
  and on behalf of

  Dresdner Bank AG, London Branch

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
            /s/
  Jonathan Roe

  	
   

  	
   

  	
            /s/
  Ken Robins

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Jonathan Roe

  	
   

  	
  Name:

  	
  KEN ROBINS

  
	
  Title:

  	
  MANAGING DIRECTOR

  	
   

  	
  Title:

  	
  MANAGING DIRECTORExhibit 10.10

 

Banco
Santander Central Hispano, S.A.

For the attention of Mr. Jose Antonio Soler

Ciudad Grupo Santander

28660 Boadilla del Monte

Spain

 

22 June 2007

 

Dear
Sirs,

 

We refer to the two
Standby Underwriting Commitment letters, the Fee letter, and the Cover letter,
each dated as of 14 May 2007 in relation to ABN AMRO Holding N.V.

 

We confirm hereby our
agreement to replace the date of 5 June 2007 as the latest date for the Banks
to make a formal offer for the entire issued and to be issued share capital of
ABN AMRO Holding N.V., in each of the abovementioned documents, by the date of
30 September 2007.

 

All the terms contained
in the mentioned documents remain unvaried in their entirety, except as
expressly modified herein.

 

Yours faithfully,

 

 

	
  By:

  	
          M.A.
  de GRAAF

  	
   

  	
  Janine Krocks

  	
   

  
	
   

  	
           MANAGING
  DIRECTOR

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ING

  	
           /s/
  M.A. de GRAAF

  	
   

  	
  /s/ Janine KrocksQuickLinks
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Exhibit 4.1    
    

	N U M B E R	 	 	 	S H A R E S
	HIRE	 	

 	 	 
	COMMON STOCK	 	 	 	COMMON STOCK
	

 	
 	

 	
 	

CUSIP 433538 10 5
	 	 	INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE	 	SEE REVERSE FOR CERTAIN DEFINITIONS

THIS CERTIFIES THAT

is the registered holder of

FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.01 EACH OF THE COMMON STOCK OF

HireRight, Inc.
  transferable on the books of the Corporation by the holder hereof in person or by duly authorized Attorney upon surrender of this certificate properly endorsed. This
certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.

WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. 

        Dated: 

	

 	
 	

 	
 	

 
	President and Chief Executive Officer	 	[SEAL]	 	Secretary and Chief Financial Officer

	
 	
 	

COUNTERSIGNED AND REGISTERED:
	 	 	REGISTRAR AND TRANSFER COMPANY
	 	 	TRANSFER AGENT

AND REGISTRAR
	 	 	BY	 	 
	

 	
 	

 	
 	

AUTHORIZED OFFICER

        The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or
regulations: 

	

TEN COM	

-	

as tenants in common	
 	

UNIF GIFT MIN ACT-	

    
	

Custodian	

    

	TEN ENT	-	as tenants by the entireties	 	 	(Cust)	 	(Minor)
	JT TEN	-	as joint tenants with right of

in common	 	 	Under Uniform Gifts to Minors
	 	 	survivorship and not as tenants	 	 	Act	 	    
(State)
	 	 	 	 	UNIF TRF MIN ACT-	    
	Custodian (until age    )
	 	 	 	 	 	 (Minor)	 	 
	 	 	 	 	 	To Minors Act	    
(State)

Additional
abbreviations may also be used though not in the above list. 

        For
Value received,
                                         
       hereby sell, assign and transfer unto 

	
PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE	

 	

 
	    	 	 
	

    
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE
	

    

	

    

	

    

	

Of the Common Stock represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint
	

    
	

Attorney
	

To transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

	

Dated	

    
	
 	

 	

 	

 
	

 	

 	
 	

 	
X	

 
 

	

 	

 	
 	

 	
X	

  
 

	Signature(s) Guaranteed:	 	NOTICE:	 	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

	

By	
 	

    
	
 	

 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION
PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.	 	 

QuickLinks

Exhibit 4.1QuickLinks
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Exhibit 10.2    
    

 
 

HIRERIGHT, INC.
  2007 LONG-TERM INCENTIVE PLAN    
    

        HireRight, Inc., a Delaware corporation, hereby establishes and adopts the following 2007 Long-Term Incentive Plan. 

1.     PURPOSE OF THE PLAN  

        The purpose of the Plan is to assist the Company and its Subsidiaries in attracting and retaining selected individuals to serve as employees, directors,
consultants and/or advisors of the Company and its Subsidiaries who are expected to contribute to the Company's success and to achieve long-term objectives which will inure to the benefit
of all stockholders of the Company through the additional incentives inherent in the Awards hereunder. 

2.     DEFINITIONS  

        2.1    "Award" shall mean any Option, Stock Appreciation Right, Restricted Stock
Award, Other Stock Unit Award, Performance Award or any other right, interest or option relating to Shares or other property (including cash) granted pursuant to the provisions of the Plan. 

        2.2    "Award Agreement" shall mean any written agreement, contract or other
instrument or document evidencing any Award hereunder, including through an electronic medium. 

        2.3    "Board" shall mean the board of directors of the Company. 

        2.4    "Change in Control" shall mean shall mean the consummation of any of the
following transactions effecting a change in ownership or control of the Company: 

        (a)   A
merger, consolidation or reorganization, unless securities representing more than fifty percent (50%) of the total combined voting power of the voting securities of
the successor corporation are immediately thereafter beneficially owned, directly or indirectly, and in substantially the same proportion, by the persons who beneficially owned the Company's
outstanding voting securities immediately prior to such transaction; or 

        (b)   Any
transfer, sale or other disposition of all or substantially all of the Company's assets; 

        (c)   The
acquisition, directly or indirectly, by any person or related group of persons (other than the Company or a person that directly or indirectly, controls, is
controlled by, or is under common control with, the Company), of beneficial ownership (within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, of
securities possessing more than fifty percent (50%) of the total combined voting power of the Company's outstanding securities pursuant to a tender or exchange offer made directly to the Company's
stockholders that the Board does not recommend such stockholders to accept; 

        (d)   A
change in the composition of the Board during any thirty-six (36) month period or less, such that individuals who, as of the beginning of such
period constitute the Board (the "Incumbent Directors"), cease for any reason to constitute at least a majority of the Board, provided that any person becoming a director subsequent to the beginning
of such period whose election or nomination for election was approved by a vote of at least a majority of the Incumbent Directors then on the Board (either by a specific vote or by approval of the
proxy statement of the Company in which such person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; provided, however, that no
individual initially elected or nominated as a director of the Company as a result of an actual or threatened election contest with respect to directors or as a result of any other actual or
threatened solicitation of proxies by or on behalf of any person other than the Board shall be deemed to be an Incumbent Director; or 

 

        (e)   The
occurrence of any other event that the Board determines by a duly approved resolution constitutes a Change in Control. 

In
no event, however, shall a Change in Control be deemed to occur in connection with (i) a merger of the Company, the sole purpose of which is to reincorporate the Company in Delaware, or
(ii) any public offering of Common Stock, the primary purpose of which is to raise capital. 

        2.5    "Code" shall mean the Internal Revenue Code of 1986, as amended from time
to time. 

        2.6    "Committee" shall mean a committee (or subcommittee thereof) of the Board
designated by the Board to act as the Committee hereunder to administer the Plan. The Compensation Committee of the Board shall initially be the Committee unless changed by the Board. The Committee
shall consist of no fewer than two Directors, each of whom is (i) a "Non-Employee Director" within the meaning of Rule 16b-3 of the Exchange Act, (ii) an
"outside director" within the meaning of Section 162(m) of the Code, and (iii) an "independent director" for purpose of the rules and regulations of the Securities and Exchange
Commission and the principal securities exchange on which the Shares are traded. 

        2.7    "Company" shall mean HireRight, Inc., a Delaware corporation, and
any successor corporation to the Company. 

        2.8    "Covered Employee" shall mean an employee of the Company or its
subsidiaries who is a "covered employee" within the meaning of Section 162(m) of the Code. 

        2.9    "Director" shall mean a non-employee member of the Board. 

        2.10    "Dividend Equivalents" shall have the meaning set forth in
Section 12.5. 

        2.11    "Employee" shall mean any employee of the Company or any Subsidiary and
any prospective employee conditioned upon, and effective not earlier than, such person becoming an employee of the Company or any Subsidiary. Solely for purposes of the Plan, an Employee shall also
mean any consultant or advisor who is a natural person and who provides services to the Company or any Subsidiary, so long as such person (i) renders bona fide services that are not in
connection with the offer and sale of the Company's securities in a capital-raising transaction and (ii) does not directly or indirectly promote or maintain a market for the Company's
securities. 

        2.12    "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended. 

        2.13    "Fair Market Value" shall mean, with respect to any property other than
Shares, the market value of such property determined by such methods or procedures as shall be established from time to time by the Committee. The Fair Market Value of Shares as of any date shall be
the per Share closing price of the Shares as reported on the principal securities exchange on which the Shares are traded on that date (or if there were no reported prices on such date, on the last
preceding date on which prices were reported) and if the Company is not listed on a securities exchange, the Fair Market Value of Shares shall be determined by the Committee in its sole discretion. 

        2.14    "Limitations" shall have the meaning set forth in Section 10.5. 

        2.15    "Option" shall mean any right granted to a Participant under the Plan
allowing such Participant to purchase Shares at such price or prices and during such period or periods as the Committee shall determine. 

        2.16    "Other Share-Based Award" shall have the meaning set forth in
Section 8.1. 

        2.17    "Participant" shall mean an Employee or Director who is selected by the
Committee to receive an Award under the Plan. 

2

 

        2.18    "Payee" shall have the meaning set forth in Section 13.1. 

        2.19    "Performance Award" shall mean any Award of Performance Cash,
Performance Shares or Performance Units granted pursuant to Article 9. 

        2.20    "Performance Cash" shall mean any cash incentives granted pursuant to
Article 9 which will be paid to the Participant upon the achievement of such performance goals as the Committee shall establish. 

        2.21    "Performance Period" shall mean the period established by the Committee
during which any performance goals specified by the Committee with respect to such Award are to be measured. 

        2.22    "Performance Share" shall mean any grant pursuant to Article 9 of
a unit valued by reference to a designated number of Shares, which value will be paid to the Participant upon achievement of such performance goals as the Committee shall establish. 

        2.23    "Performance Unit" shall mean any grant pursuant to Section 9 of
a unit valued by reference to a designated amount of property other than Shares (or cash), which value will be paid to the Participant upon achievement of such performance goals during the Performance
Period as the Committee shall establish. 

        2.24    "Permitted Assignee" shall have the meaning set forth in
Section 12.3. 

        2.25    "Plan" shall mean the HireRight, Inc. 2007 Long-Term
Incentive Plan, as amended from time to time, as set forth herein. 

        2.26    "Prior Plan" shall mean, the Company's 2000 Stock Option/Stock Issuance
Plan. 

        2.27    "Restricted Stock" shall mean any Share issued with the restriction that
the holder may not sell, transfer, pledge or assign such Share and with such other restrictions as the Committee, in its sole discretion, may impose (including any restriction on the right to vote
such Share and the right to receive any dividends), which restrictions may lapse separately or in combination at such time or times, in installments or otherwise, as the Committee may deem
appropriate. 

        2.28    "Restricted Stock Award" shall have the meaning set forth in
Section 7.1. 

        2.29    "Restricted Stock Unit" means an Award that is valued by reference to a
Share, which value may be paid to the Participant by delivery of such property as the Committee shall determine, including without limitation, cash or Shares, or any combination thereof, and that has
such restrictions as the Committee, in its sole discretion, may impose, including without limitation, any restriction on the right to retain such Awards, to sell, transfer, pledge or assign such
Awards, and/or to receive any cash Dividend Equivalents with respect to such Awards, which restrictions may lapse separately or in combination at such time or times, in installments or otherwise, as
the Committee may deem appropriate. 

        2.30    "Restricted Stock Unit Award" shall have the meaning set forth in
Section 7.1. 

        2.31    "Shares" shall mean the shares of common stock of the Company, or such
other securities or property as may become subject to Awards pursuant to an adjustment made under Section 12.2. 

        2.32    "Stock Appreciation Right" shall mean the right granted to a Participant
pursuant to Section 6. 

        2.33    "Subsidiary" shall mean any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company if, at the relevant time each of the corporations (other than the last corporation) in the unbroken chain owns, at the time of determination,
stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. 

3

 

        2.34    "Substitute Awards" shall mean Awards granted or Shares issued by the
Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company or any
Subsidiary or with which the Company or any Subsidiary combines. 

        2.35    "Vesting Period" shall have the meaning set forth in Section 7.1. 

3.     SHARES SUBJECT TO THE PLAN  

        3.1    Number of Shares.    (a) Subject to adjustment as provided in
Section 12.2, a total of 1,000,000 Shares shall be authorized for issuance under the Plan, increased during each of calendar years 2009-2013 by 2.50% of the number of Shares
outstanding as of January 1 of such calendar year (including treasury shares) unless a lesser amount is approved by the Committee. 

        (b)   If
any Shares subject to an Award or to an award under the Prior Plan are forfeited, expire or otherwise terminate without issuance of such Shares, or any Award or award
under the Prior Plan is
settled for cash or otherwise does not result in the issuance of all or a portion of the Shares subject to such Award or award under the Prior Plan (including on payment in Shares on exercise of a
Stock Appreciation Right), such Shares shall, to the extent of such forfeiture, expiration, termination, cash settlement or non-issuance, again be available for issuance under the Plan. 

        (c)   In
the event that (i) any Option or other Award granted hereunder is exercised through the tendering of Shares (either actually or by attestation) or by the
withholding of Shares by the Company, or (ii) withholding tax liabilities arising from such Option or other Award are satisfied by the tendering of Shares (either actually or by attestation) or
by the withholding of Shares by the Company, then the Shares so tendered or withheld shall be available for issuance under the Plan. In the event that (i) any option or award granted under the
Prior Plans is exercised through the tendering of Shares (either actually or by attestation) or by the withholding of Shares by the Company, or (ii) withholding tax liabilities arising from
such options or awards are satisfied by the tendering of Shares (either actually or by attestation) or by the withholding of Shares by the Company, then the Shares so tendered or withheld shall be
available for issuance under the Plan. 

        (d)   Substitute
Awards shall not reduce the Shares authorized for grant under the Plan or authorized for grant to a Participant in any calendar year. Additionally, in the
event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan approved by stockholders
and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate,
using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities
party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan; provided that Awards using such available shares
shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to
individuals who were not Employees or Directors prior to such acquisition or combination. 

        3.2    Character of Shares.    Any Shares issued hereunder may consist, in whole or in part,
of authorized and unissued shares, treasury shares or shares purchased in the open market or otherwise. 

4

 

4.     ELIGIBILITY AND ADMINISTRATION  

        4.1    Eligibility.    Any Employee or Director shall be eligible to be selected as a
Participant. 

        4.2    Administration.    

        (a)    Power and Authority.    The Plan shall be administered by the Committee. The Committee shall have full power
and authority, subject to the provisions of the Plan and subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Board, to:
(i) select the Employees and Directors to whom Awards may from time to time be granted hereunder; (ii) determine the type or types of Awards, not inconsistent with the provisions of the
Plan, to be granted to each Participant hereunder; (iii) determine the number of Shares to be covered by each Award granted hereunder; (iv) determine the terms and conditions, not
inconsistent with the provisions of the Plan, of any Award granted hereunder; (v) determine whether, to what extent and under what circumstances Awards may be settled in cash, Shares or other
property; (vi) determine whether, to what extent, and under what circumstances cash, Shares, other property and other amounts payable with respect to an Award made under the Plan shall be
deferred either automatically or at the election of the Participant; (vii) determine whether, to what extent and under what circumstances any Award shall be canceled or suspended;
(viii) interpret and administer the Plan and any instrument or agreement entered into under or in connection with the Plan, including any Award Agreement; (ix) correct any defect, supply
any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent that the Committee shall deem desirable to carry it into effect; (x) establish such rules
and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; (xi) determine whether any Award will have Dividend Equivalents; and
(xii) make any other determination and take any other action that the Committee deems necessary or desirable for administration of the Plan. 

        (b)    Binding and Conclusive Decisions.    Decisions of the Committee shall be final, conclusive and binding on all
persons or entities, including the Company, any Participant, and any Subsidiary. A majority of the members of the Committee may determine its actions, including fixing the time and place of its
meetings. 

        (c)    Delegation.    To the extent not inconsistent with applicable law, including Section 162(m) of the Code,
or the rules and regulations of the principal securities exchange on which the Shares are traded), the Committee may delegate to (i) committee of one or more directors of the Company any of the
authority of the Committee under the Plan, including the right to grant, cancel or suspend Awards and (ii) to the extent permitted by law, to one or more executive officers or a committee of
executive officers the right to grant Awards to Employees who are not Directors or executive officers of the Company and the authority to take action on behalf of the Committee pursuant to the Plan to
cancel or suspend Awards to Employees who are not Directors or executive officers of the Company. 

        (d)    Power and Authority of the Board.    Notwithstanding anything to the contrary contained herein, the Board may,
at any time and from time to time, without any further action of the Committee, exercise the powers and duties of the Committee under the Plan, but only to the extent it would not cause a loss of any
benefits under Section 162(m), and provided further that any Awards to members of the Committee must be approved by a disinterested majority of the Board. 

5.     OPTIONS  

        5.1    Grant of Options.    Options may be granted hereunder to Participants either alone or
in addition to other Awards granted under the Plan. Any Option shall be subject to the terms and 

5

 

conditions
of this Article and to such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall deem desirable. 

        5.2    Award Agreements.    All Options granted pursuant to this Article shall be evidenced by
a written Award Agreement in such form and containing such terms and conditions as the Committee shall determine which are not inconsistent with the provisions of the Plan. The terms of Options need
not be the same with respect to each Participant. Granting an Option pursuant to the Plan shall impose no obligation on the recipient to exercise such Option. Any individual who is granted an Option
pursuant to this Article may hold more than one Option granted pursuant to the Plan at the same time. 

        5.3    Option Price.    Other than in connection with Substitute Awards, the option price per
each Share purchasable under any Option granted pursuant to this Article shall not be less than 100% of the Fair Market Value of one Share on the date of grant of such Option. 

        5.4    Option Term.    The term of each Option shall be fixed by the Committee in its sole
discretion; provided that no Option shall be exercisable after the expiration of ten (10) years from the date the Option is granted, except in the event of death or disability. 

        5.5    Exercise of Options.    

        (a)   Vested
Options granted under the Plan shall be exercised by the Participant or by a Permitted Assignee thereof (or by the Participant's executors, administrators,
guardian or legal representative, as may be provided in an Award Agreement) as to all or part of the Shares covered thereby, by giving notice of exercise to the Company or its designated agent,
specifying the number of Shares to be purchased. The notice of exercise shall be in such form, made in such manner, and in compliance with such other requirements consistent with the provisions of the
Plan as the Committee may prescribe from time to time. 

        (b)   Unless
otherwise provided in an Award Agreement, full payment of such purchase price shall be made at the time of exercise and shall be made (i) in cash or cash
equivalents (including certified check or bank check or wire transfer of immediately available funds), (ii) by tendering previously acquired Shares (either actually or by attestation, valued at
their then Fair Market Value), (iii) with the consent of the Committee, by delivery of other consideration (including, where permitted by law and the Committee, other Awards) having a Fair
Market Value on the exercise date equal to the total purchase price, (iv) with the consent of the Committee, by withholding Shares otherwise issuable in connection with the exercise of the
Option, (v) through any other method specified in an Award Agreement, or (vi) any combination of any of the foregoing. The notice of exercise, accompanied by such payment, shall be
delivered to the Company at its principal business office or such other office as the Committee may from time to time direct, and shall be in such form, containing such further provisions consistent
with the provisions of the Plan, as the Committee may from time to time prescribe. In no event may any Option granted hereunder be exercised for a fraction of a Share. No adjustment shall be made for
cash dividends or other rights for which the record date is prior to the date of such issuance. 

        5.6    Form of Settlement.    In its sole discretion, the Committee may provide that the
Shares to be issued upon an Option's exercise shall be in the form of Restricted Stock or other similar securities. 

        5.7    Incentive Stock Options.    The Committee may grant Options intended to qualify as
"incentive stock options" as defined in Section 422 of the Code ("Incentive Stock Options"), to any employee of the Company or any Subsidiary,
subject to the requirements of Section 422 of the Code. Solely for purposes of determining whether Shares are available for the grant of Incentive Stock Options under the Plan, the maximum
aggregate number of Shares that may be issued pursuant to Incentive Stock Options granted under the Plan shall be 2,500,000 Shares, subject to adjustments provided in Section 12.2. 

6

 

6.     STOCK APPRECIATION RIGHTS  

        6.1    Grant and Exercise.    The Committee may provide Stock Appreciation Rights
(a) in conjunction with all or part of any Option granted under the Plan or at any subsequent time during the term of such Option, (b) in conjunction with all or part of any Award (other
than an Option) granted under the Plan or at any subsequent time during the term of such Award, or (c) without regard to any Option or other Award in each case upon such terms and conditions as
the Committee may establish in its sole discretion. 

        6.2    Terms and Conditions.    Stock Appreciation Rights shall be subject to such terms and
conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, including the following: 

        (a)   Upon
the exercise of a Stock Appreciation Right, the holder shall have the right to receive the excess of (i) the Fair Market Value of one Share on the date of
exercise (or such amount less than such Fair Market Value as the Committee shall so determine at any time during a specified period before the date of exercise) over (ii) the grant price of the
right on the date of grant, which, except in the case of Substitute Awards or in connection with an adjustment provided in Section 12.2, shall not be less than the Fair Market Value of one
Share on such date of grant of the right. 

        (b)   Upon
the exercise of a Stock Appreciation Right, the Committee shall determine in its sole discretion whether payment shall be made in cash, in whole Shares or other
property, or any combination thereof. 

        (c)   The
provisions of Stock Appreciation Rights need not be the same with respect to each recipient. 

        (d)   The
Committee may impose such other conditions or restrictions on the terms of exercise and the grant price of any Stock Appreciation Right, as it shall deem
appropriate. A Stock Appreciation Right shall have (i) a grant price not less than Fair Market Value on the date of grant (subject to the requirements of Section 409A of the Code with
respect to a Stock Appreciation Right granted in conjunction with, but subsequent to, an Option), (ii) a term not greater than ten (10) years, and (iii) being exercisable as may
be set forth in an Award Agreement. 

        (e)   The
Committee may impose such terms and conditions on Stock Appreciation Rights granted in conjunction with any Award (other than an Option) as the Committee shall
determine in its sole discretion. 

7.     RESTRICTED STOCK AND RESTRICTED STOCK UNITS  

        7.1    Grants.    Awards of Restricted Stock and of Restricted Stock Units may be issued
hereunder to Participants either alone or in addition to other Awards granted under the Plan (a "Restricted Stock Award" or
"Restricted Stock Unit Award" respectively), and such Restricted Stock Awards and Restricted Stock Unit Awards shall also be available as a form of
payment of Performance Awards and other earned cash-based incentive compensation. A Restricted Stock Award or
Restricted Stock Unit Award shall be subject to vesting restrictions imposed by the Committee covering a period of time specified by the Committee (the "Vesting
Period"). The Committee has absolute discretion to determine whether any consideration (other than services) is to be received by the Company or any Subsidiary as a condition
precedent to the issuance of Restricted Stock or Restricted Stock Units. 

        7.2    Award Agreements.    The terms of any Restricted Stock Award or Restricted Stock Unit
Award granted under the Plan shall be set forth in a written Award Agreement which shall contain provisions determined by the Committee and not inconsistent with the Plan. The terms of Restricted
Stock Awards and Restricted Stock Unit Awards need not be the same with respect to each Participant 

7

 

        7.3    Rights of Holders of Restricted Stock and Restricted Stock Units.    Unless otherwise
provided in the Award Agreement, beginning on the date of grant of the Restricted Stock Award and subject to execution of the Award Agreement, the Participant shall become a stockholder of the Company
with respect to all Shares subject to the Award Agreement and shall have all of the rights of a stockholder, including the right to vote such Shares and the right to receive distributions made with
respect to such Shares. A Participant receiving a Restricted Stock Unit Award shall not possess voting rights with respect to such Award. Except as otherwise provided in an Award Agreement any Shares
or any other property (other than cash) distributed as a dividend or otherwise with respect to any Restricted Stock Award or Restricted Stock Unit Award as to which the restrictions have not yet
lapsed shall be subject to the same restrictions as such Restricted Stock Award or Restricted Stock Unit Award. 

        7.4    Issuance of Shares.    Any Restricted Stock granted under the Plan may be evidenced in
such manner as the Board may deem appropriate, including book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the
Company. Such certificate or certificates shall be registered in the name of the Participant and shall bear an appropriate legend referring to the restrictions applicable to such Restricted Stock. 

        7.5    Forfeiture.    Except as otherwise determined by the Committee, upon a Participant's
termination of employment (as determined under criteria established by the Committee) during the applicable restriction period, all Shares of Restricted Stock and Restricted Stock Units at such time
subject to restriction shall be forfeited and reacquired by the Company; provided, however, that the Committee may, when it finds that a waiver would be in the best interest of the Company, waive in
whole or in part any or all remaining restrictions with respect to Shares of Restricted Stock or Restricted Stock Units. 

8.     OTHER SHARE-BASED AWARDS  

        8.1    Grants.    Other Awards of Shares and other Awards that are valued in whole or in part
by reference to, or are otherwise based on, Shares or other property ("Other Share-Based Awards") may be granted hereunder to Participants either alone
or in addition to other Awards granted under the Plan. Other Share-Based Awards shall also be available as a form of payment of other Awards granted under the Plan and other earned
cash-based incentive compensation. Other Share-Based Awards shall be subject to such Vesting Period or other vesting restrictions, if any, as determined by the Committee. 

        8.2    Award Agreements.    The terms of Other Share-Based Award granted under the Plan shall
be set forth in a written Award Agreement which shall contain provisions determined by the Committee and not inconsistent with the Plan. The terms of such Awards need not be the same with respect to
each Participant. 

        8.3    Payment.    Except as may be provided in an Award Agreement, Other Share-Based Awards
may be paid in cash, Shares, other property, or any combination thereof, in the sole discretion of the Committee. Other Share-Based Awards may be paid in a lump sum or in installments or, in
accordance with procedures established by the Committee, on a deferred basis subject to the requirements of Section 409A of the Code. 

9.     PERFORMANCE AWARDS  

        9.1    Grants.    Performance Awards in the form of Performance Cash, Performance Shares or
Performance Units, as determined by the Committee in its sole discretion, may be granted hereunder to Participants, for no consideration or for such minimum consideration as may be required by
applicable law, either alone or in addition to other Awards granted under the Plan. The performance goals to be achieved for each Performance Period shall be conclusively determined by the Committee
and may be based upon the criteria set forth in Section 10.2. 

8

 

        9.2    Award Agreements.    The terms of any Performance Award granted under the Plan shall be
set forth in a written Award Agreement which shall contain provisions determined by the Committee and not
inconsistent with the Plan, including whether such Awards shall have Dividend Equivalents. The terms of Performance Awards need not be the same with respect to each Participant. 

        9.3    Terms and Conditions.    The performance criteria to be achieved during any Performance
Period and the length of the Performance Period shall be determined by the Committee upon the grant of each Performance Award. The amount of the Award to be distributed shall be conclusively
determined by the Committee. 

        9.4    Payment.    Except as provided in Article 11 or as may be provided in an Award
Agreement, Performance Awards will be distributed only after the end of the relevant Performance Period. Performance Awards may be paid in cash, Shares, other property, or any combination thereof, in
the sole discretion of the Committee. Performance Awards may be paid in a lump sum or in installments following the close of the Performance Period or, in accordance with procedures established by the
Committee, on a deferred basis subject to the requirements of Section 409A of the Code. 

10.   CODE SECTION 162(m) PROVISIONS  

        10.1    Covered Employees.    Notwithstanding any other provision of the Plan, if the
Committee determines at the time a Restricted Stock Award, a Restricted Stock Unit Award, a Performance Award or an Other Share-Based Award is granted to a Participant who is, or is likely to be, as
of the end of the tax year in which the Company would claim a tax deduction in connection with such Award, a Covered Employee, then the Committee may provide that this Article 10 is applicable
to such Award. 

        10.2    Performance Criteria.    If the Committee determines that a Restricted Stock Award, a
Restricted Stock Unit, a Performance Award or an Other Share-Based Award is intended to be subject to this Article 10, the lapsing of restrictions thereon and the distribution of cash, Shares
or other property pursuant thereto, as applicable, shall be subject to the achievement of one or more objective performance goals established by the Committee, which shall be based on the attainment
of specified levels of one or any combination of the following, applied on a corporate, Subsidiary or business unit basis: net sales; revenue; revenue growth or product revenue growth; operating
income (before or after taxes); pre- or after-tax income (before or after allocation of corporate overhead and bonus); earnings per share; net income (before or after taxes);
return on equity; total stockholder return; return on assets or net assets; appreciation in and/or maintenance of the price of the Shares or any other publicly-traded securities of the Company; market
share; gross profits; earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes, depreciation and amortization); economic value-added models or
equivalent metrics; comparisons with various stock market indices; reductions in costs; cash flow or cash flow per share (before or after dividends); return on capital (including return on total
capital or return on invested capital); cash flow return on investment; improvement in or attainment of expense levels or working capital levels; operating margins, gross margins or cash margin;
year-end cash; debt reductions; stockholder equity; market share; regulatory achievements; and implementation, completion or attainment of measurable objectives with respect to research,
development, products or projects, production volume levels, acquisitions and divestitures and recruiting and maintaining personnel. Such performance goals also may be based solely by reference to the
Company's performance or the performance of a Subsidiary, division, business segment or business unit of the Company, or based upon the relative performance of other companies or upon comparisons of
any of the indicators of performance relative to other companies. The Committee may also exclude charges related to an event or occurrence which the Committee determines should appropriately be
excluded, including (a) restructurings, discontinued operations, extraordinary items, and other unusual or non-recurring charges, (b) an event either not directly related to
the operations of the Company or not within the reasonable control of the Company's management, or (c) the cumulative effects of tax or accounting changes in accordance with U.S. generally
accepted 

9

 

accounting
principles. Such performance goals shall be set by the Committee within the time period prescribed by, and shall otherwise comply with the requirements of, Section 162(m) of the
Code, and the regulations thereunder. 

        10.3    Adjustments.    Notwithstanding any provision of the Plan (other than
Article 11), with respect to any Restricted Stock Award, Restricted Stock Unit Award, Performance Award or Other Share-Based Award that is subject to this Section 10, the Committee may
adjust downwards, but not upwards, the amount payable pursuant to such Award, and the Committee may not waive the achievement of the applicable performance goals, except in the case of the death or
disability of the Participant or as otherwise determined by the Committee in special circumstances. 

        10.4    Restrictions.    The Committee shall have the power to impose such other restrictions
on Awards subject to this Article as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements for "performance-based compensation" within the meaning of
Section 162(m) of the Code. 

        10.5    Limitations on Grants to Individual Participants.    Subject to adjustment as provided
in Section 12.2, no Participant may be granted (i) Options or Stock Appreciation Rights during any 36-month period with respect to more than 1,000,000 Shares or
(ii) Restricted Stock Awards, Restricted Stock Unit Awards, Performance Awards and/or Other Share-Based Awards in any 36-month period that are intended to comply with the
performance-based exception under Code Section 162(m) and are denominated in Shares with respect to more than 1,000,000 Shares (the
"Limitations"). In addition to the foregoing, the maximum dollar value that may be earned by any Participant in any 12-month period with
respect to Performance Awards that are intended to comply with the performance-based exception under Code Section 162(m) and are denominated in cash is $7,500,000. If an Award is cancelled, the
cancelled Award shall continue to be counted toward the applicable Limitations. 

11.   CHANGE IN CONTROL PROVISIONS  

        11.1    Impact on Certain Awards.    Award Agreements may provide that in the event of a
Change in Control of the Company (as defined in Section 2.4): (i) Options and Stock Appreciation Rights outstanding as of the date of the Change in Control shall be cancelled and
terminated without payment therefore if the Fair Market Value of one Share as of the date of the Change in Control is less than the per Share Option exercise price or Stock Appreciation Right grant
price, and (ii) all Performance Awards shall be considered to be earned and payable (either in full or pro rata based on the portion of Performance Period completed as of the date of the Change
in Control), and any deferral or other restriction shall lapse and such Performance Awards shall be immediately settled or distributed. 

        11.2    Assumption or Substitution of Certain Awards.    (a) The Committee shall have
the discretionary authority to structure Award Agreements to provide that, in the event of a Change in Control of the Company in which the successor company assumes or substitutes for an Option, Stock
Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award or Other Share-Based Award, if a Participant's employment with such successor company (or a subsidiary thereof) terminates
within 18 months following such Change in Control (or such other period set forth in the Award Agreement, including prior thereto if applicable) and under the circumstances specified in the
Award Agreement: (i) Options and Stock Appreciation Rights outstanding as of the date of such termination of employment will immediately vest, become fully exercisable, and may thereafter be
exercised for 12 months (or the period of time set forth in the Award Agreement), (ii) restrictions and deferral limitations on Restricted Stock and Restricted Stock Units shall lapse
and the Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested, and (iii) the restrictions and deferral limitations and other
conditions applicable to any Other Share-Based Awards or any other Awards shall lapse, and such Other Share-Based Awards or such other Awards shall become free of all restrictions, limitations or
conditions and become fully vested and transferable 

10

 

to
the full extent of the original grant. For the purposes of this Section 11, an Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award or Other Share-Based
Award shall be considered assumed or substituted for if following the Change in Control the Award confers the right to purchase or receive, for each Share subject to the Option, Stock Appreciation
Right, Restricted Stock Award, Restricted Stock Unit Award or Other Share-Based Award immediately prior to the Change in Control, the consideration (whether stock, cash or other securities or
property) received in the transaction constituting a Change in Control by holders of Shares for each Share held on the effective date of such transaction (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such consideration received in the transaction constituting a Change
in Control is not solely common stock of the successor company, the Committee may, with the consent of the successor company, provide that the consideration to be received upon the exercise or vesting
of an Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award or Other Share-Based Award, for each Share subject thereto, will be solely common stock of the successor
company substantially equal in fair market value to the per share consideration received by holders of Shares in the transaction constituting a Change in Control. The determination of such substantial
equality of value of consideration shall be made by the Committee in its sole discretion and its determination shall be conclusive and binding. 

        (b)   Unless
otherwise provided in an Award Agreement, in the event of a Change in Control of the Company to the extent the successor company does not assume or substitute for
an Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award or Other Share-Based Award: (i) those Options and Stock Appreciation Rights outstanding as of the date
of the Change in Control that are not assumed or substituted for shall immediately vest and become fully exercisable, (ii) restrictions and deferral limitations on Restricted Stock and
Restricted Stock Units that are not assumed or substituted for shall lapse and the Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully
vested, and (iii) the restrictions and deferral limitations and other conditions applicable to any Other Share-Based Awards or any other Awards that are not assumed or substituted for shall
lapse, and such Other Share-Based Awards or such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the
original grant. 

        (c)   The
Committee, in its discretion, may determine that, upon the occurrence of a Change in Control of the Company, each Option and Stock Appreciation Right outstanding
shall terminate within a specified number of days after notice to the Participant, and/or that each Participant shall receive, with respect to each Share subject to such Option or Stock Appreciation
Right, an amount equal to the excess of the Fair Market Value of such Share immediately prior to the occurrence of such Change in Control over the exercise price per share of such Option and/or Stock
Appreciation Right; such amount to be payable in cash, in one or more kinds of stock or property (including the stock or property, if any, payable in the transaction) or in a combination thereof, as
the Committee, in its discretion, shall determine. 

12.   GENERALLY APPLICABLE PROVISIONS  

        12.1    Amendment and Termination of the Plan.    The Board may, from time to time, alter,
amend, suspend or terminate the Plan as it shall deem advisable, subject to any requirement for stockholder approval imposed by applicable law, including the rules and regulations of the principal
securities market on which the Shares are traded; provided that the Board may not amend the Plan in any manner that would result in noncompliance with Rule 16b-3 of the Exchange
Act; and further provided that the Board may not, without the approval of the Company's stockholders, amend the Plan to (a) increase the number of Shares that may be the subject of Awards under
the Plan (except for adjustments pursuant to Section 12.2), (b) expand the types of awards available under the Plan, 

11

 

(c) materially
expand the class of persons eligible to participate in the Plan, or (d) amend any provision of Section 10.5. In addition, no amendments to, or termination of, the
Plan shall in any way impair the rights of a Participant under any Award previously granted without such Participant's consent. 

        12.2    Adjustments.    In the event of any merger, reorganization, consolidation,
recapitalization, dividend or distribution (whether in cash, shares or other property, other than a regular cash dividend), stock split, reverse stock split, spin-off or similar
transaction or other change in corporate structure affecting the Shares or the value thereof, such adjustments and other substitutions shall be made to the Plan and to Awards as the Committee, in its
sole discretion, deems equitable or appropriate taking into consideration the accounting and tax consequences, including such adjustments in the aggregate number, class and kind of securities that may
be delivered under the Plan, the Limitations, the maximum number of Shares that may be issued as incentive stock options and, in the aggregate or to any one Participant, in the number, class, kind and
option or exercise price of securities subject to outstanding Awards granted under the Plan (including, if the Committee deems appropriate, the substitution of similar options to purchase the shares
of, or other awards denominated in the shares of, another company) as the Committee may determine to be appropriate in its sole discretion; provided, however, that the number of Shares subject to any
Award shall always be a whole number. 

        12.3    Transferability of Awards.    Except as provided below, no Award and no Shares subject
to Awards described in Article 8 that have not been issued or as to which any applicable restriction, performance or deferral period has not lapsed, may be sold, assigned, transferred, pledged
or otherwise encumbered, other than by will or the laws of descent and distribution, and such Award may be exercised during the life of the Participant only by the Participant or the Participant's
guardian or legal representative. To the extent and under such terms and conditions as determined by the Committee, a Participant may assign or transfer an Award (each transferee thereof, a
"Permitted Assignee") to (i) the Participant's spouse, children or grandchildren (including any adopted and step children or grandchildren),
parents, grandparents or siblings, (ii) to a trust for the benefit of one or more if the Participant or the Persons referred to in clause (i), (iii) to a partnership, limited
liability company or corporation in which the participant or the Persons referred to in clause (i) are the only partners, members or stockholders or (iv) for charitable donations;
provided that such Permitted Assignee shall be bound by and subject to all of the terms and conditions of the Plan and the Award Agreement relating to the transferred Award and shall execute an
agreement satisfactory to the Company evidencing such obligations; and provided further that such Participant shall remain bound by the terms and conditions of the Plan. The Company shall cooperate
with any Permitted Assignee and the Company's transfer agent in effectuating any transfer permitted under this Section. 

        12.4    Termination of Employment.    The Committee shall determine and set forth in each
Award Agreement whether any Awards granted in such Award Agreement will continue to be exercisable, and the terms of such exercise, on and after the date that a Participant ceases to be employed by or
to provide services to the Company or any Subsidiary (including as a Director), whether by reason of death, disability, voluntary or involuntary termination of employment or services, or otherwise.
The date of termination of a Participant's employment or services will be determined by the Committee, which determination will be final. 

        12.5    Deferral; Dividend Equivalents.    The
Committee shall be authorized to establish procedures pursuant to which the payment of any Award may be deferred. Subject to the provisions of the Plan and any Award Agreement, the recipient of an
Award (including any deferred Award) may, if so determined by the Committee, be entitled to receive, currently or on a deferred basis, cash, stock or other property dividends, or cash payments in
amounts equivalent to cash, stock or other property dividends on Shares ("Dividend Equivalents") with respect to the number of Shares covered by the
Award, as determined by the Committee, in its sole discretion. The Committee may provide that such amounts and Dividend Equivalents (if any) shall be deemed to have been reinvested in additional 

12

 

Shares
or otherwise reinvested and may provide that such amounts and Dividend Equivalents are subject to the same vesting or performance conditions as the underlying Award. 

13.   MISCELLANEOUS  

        13.1    Tax Withholding.    The Company shall have the right to make all payments or
distributions pursuant to the Plan to a Participant (or a Permitted Assignee thereof) (any such person, a "Payee") net of any applicable federal, state
and local taxes required to be paid or withheld as a result of (a) the grant of any Award, (b) the exercise of an Option or Stock Appreciation Right, (c) the delivery of Shares or
cash, (d) the lapse of any restrictions in connection with any Award or (e) any other event occurring pursuant to the Plan. The Company or any Subsidiary shall have the right to withhold
from wages or other amounts otherwise payable to such Payee such withholding taxes as may be required by law, or to otherwise require the Payee to pay such withholding taxes. If the Payee shall fail
to make such tax payments as are required, the Company or its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to
such Payee or to take such other action as may be necessary to satisfy such withholding obligations. The Committee shall be authorized to establish procedures for election by Participants to satisfy
such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value), or by directing the Company to retain
Shares (up to the Participant's minimum required tax withholding rate or such other rate that will not trigger a negative accounting impact) otherwise deliverable in connection with the Award. 

        13.2    Right of Discharge Reserved; Claims to Awards.    Nothing in the Plan nor the grant of
an Award hereunder shall confer upon any Employee or Director the right to continue in the employment or service of the Company or any Subsidiary or affect any right that the Company or any Subsidiary
may have to terminate the employment or service of (or to demote or to exclude from future Awards under the Plan) any such Employee or Director at any time for any reason. Except as specifically
provided by the Committee, the Company shall not be liable for the loss of existing or potential profit from an Award granted in the event of termination of an employment or other relationship. No
Employee or Participant shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Employees or Participants under the Plan. 

        13.3    Prospective Recipient.    The prospective recipient of any Award under the Plan shall
not, with respect to such Award, be deemed to have become a Participant, or to have any rights with respect to such Award, until and unless such recipient shall have executed an agreement or other
instrument evidencing the Award and delivered a copy thereof to the Company, and otherwise complied with the then applicable terms and conditions of the Plan and the Award Agreement. 

        13.4    Substitute Awards.    Notwithstanding any other provision of the Plan, the terms of
Substitute Awards may vary from the terms set forth in the Plan to the extent the Committee deems appropriate to conform, in whole or in part, to the provisions of the awards in substitution for which
they are granted. 

        13.5    Cancellation of Award.    Notwithstanding anything to the contrary contained herein,
an Award Agreement may provide that the Award shall be canceled if the Participant, without the consent of the Company, while employed by the Company or any Subsidiary or after termination of such
employment or service, establishes a relationship with a competitor of the Company or any Subsidiary or engages in activity that is in conflict with or adverse to the interest of the Company or any
Subsidiary, as determined by the Committee in its sole discretion. The Committee may provide in an Award Agreement that if within the time period specified in the Agreement the Participant establishes
a relationship with a competitor or engages in an activity referred to in the preceding sentence, the Participant will forfeit any gain realized on the vesting or exercise of the Award and must repay
such gain to the Company. 

13

 

        13.6    Stop Transfer Orders.    All certificates for Shares delivered under the Plan pursuant
to any Award shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities
and Exchange Commission, any stock exchange upon which the Shares are then listed, and any applicable federal or state securities law, and the Committee may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions. 

        13.7    Nature of Payments.    All Awards made pursuant to the Plan are in consideration of
services performed or to be performed for the Company or any Subsidiary, division or business unit of the Company. Any income or gain realized pursuant to Awards under the Plan constitute a special
incentive payment to the Participant and shall not be taken into account, to the extent permissible under applicable law, as compensation for purposes of any of the employee benefit plans of the
Company or any Subsidiary except as may be determined by the Committee or by the Board or board of directors of the applicable Subsidiary. 

        13.8    Other Plans.    Nothing contained in the Plan shall prevent the Board from adopting
other or additional compensation arrangements, subject to stockholder approval if such approval is required; and such arrangements may be either generally applicable or applicable only in specific
cases. 

        13.9    Severability.    If any provision of the Plan shall be held unlawful or otherwise
invalid or unenforceable in whole or in part by a court of competent jurisdiction, such provision shall (a) be deemed limited to the extent that such court of competent jurisdiction deems it
lawful, valid and/or enforceable and as so limited shall remain in full force and effect, and (b) not affect any other provision of the Plan or part thereof, each of which shall remain in full
force and effect. If the making of any payment or the provision of any other benefit required under the Plan shall be held unlawful or otherwise invalid or unenforceable by a court of competent
jurisdiction, such unlawfulness, invalidity or unenforceability shall not prevent any other payment or benefit from being made or provided under the Plan, and if the making of any payment in full or
the provision of any other benefit required under the Plan in full would be unlawful or otherwise invalid or unenforceable, then such unlawfulness, invalidity or unenforceability shall not prevent
such payment or benefit from being made or provided in part, to the
extent that it would not be unlawful, invalid or unenforceable, and the maximum payment or benefit that would not be unlawful, invalid or unenforceable shall be made or provided under the Plan. 

        13.10    Construction.    As used in the Plan, the words
"include" and "including," and variations thereof, shall not be deemed to be terms of limitation, but
rather shall be deemed to be followed by the words "without limitation." 

        13.11    Unfunded Status of the Plan.    The Plan is intended to constitute an "unfunded" plan
for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those
of a general creditor of the Company. In its sole discretion, the Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver the
Shares or payments in lieu of or with respect to Awards hereunder; provided, however, that the existence of such trusts or other arrangements is consistent with the unfunded status of the Plan. 

        13.12    Governing Law.    The Plan and all determinations made and actions taken thereunder,
to the extent not otherwise governed by the Code or the laws of the United States, shall be governed by the laws of the State of California, without reference to principles of conflict of laws, and
construed accordingly. 

        13.13    Effective Date of Plan; Termination of Plan.    The Plan shall be effective on the
effective date of the Company's initial public offering. The Plan shall be submitted to the stockholders of the Company for approval within twelve (12) months after its adoption by the Board.
The Plan is conditioned upon the approval of the Company's stockholders, as well as the effective date of the 

14

 

Company's
initial public offering. The Plan shall be null and void and of no effect if the foregoing conditions are not fulfilled and in such event each Award shall, notwithstanding any of the
preceding provisions of the Plan, be null and void and of no effect. Awards may be granted under the Plan at any time and from time to time on or prior to the tenth anniversary of the effective date
of the Plan, on which date the Plan will expire except as to Awards then outstanding under the Plan. Such outstanding Awards shall remain in effect until they have been exercised or terminated, or
have expired. 

        13.14    Foreign Employees.    Awards may be granted to Participants who are foreign nationals
or employed outside the United States, or both, on such terms and conditions different from those applicable to Awards to Employees employed in the United States as may, in the judgment of the
Committee, be necessary or desirable in order to recognize differences in local law or tax policy. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize
the Company's obligation with respect to tax equalization for Employees on assignments outside their home country. 

        13.15    Compliance with Section 409A of the Code.    This Plan is intended to comply
and shall be administered in a manner that is intended to comply with Section 409A of the Code and shall be construed and interpreted in accordance with such intent. To the extent that an Award
or the payment, settlement or deferral thereof is subject to Section 409A of the Code, the Award shall be granted, paid, settled or deferred in a manner that will comply with
Section 409A of the Code, including regulations or other guidance issued with respect thereto, except as otherwise determined by the Committee. Any provision of this Plan that would cause the
grant of an Award or the payment, settlement or deferral thereof to fail to satisfy Section 409A of the Code shall be amended to comply with Section 409A of the Code on a timely basis,
which may be made on a retroactive basis, in accordance with regulations and other guidance issued under Section 409A of the Code. 

        13.16    Captions.    The captions in the Plan are for convenience of reference only, and are
not intended to narrow, limit or affect the substance or interpretation of the provisions contained herein. 

15

QuickLinks

Exhibit 10.2

HIRERIGHT, INC. 2007 LONG-TERM INCENTIVE PLAN

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