Document:

Exhibit 10.2

EXHIBIT 10.2

PERFORMANCE-BASED RESTRICTED STOCK UNITS AWARD AGREEMENT

THIS PERFORMANCE-BASED RESTRICTED STOCK UNITS AWARD AGREEMENT (this “Agreement”) is entered into on
December 15, 2010, between AutoZone, Inc., a Nevada corporation (the “Company”) and William C.
Rhodes, III (the “Executive”). This Agreement shall be effective as of the date on which the
Company’s stockholders approve the 2011 Equity Incentive Award Plan (the “Grant Date”), provided
the Executive is employed by the Company on such date.

WHEREAS, the Board has adopted the AutoZone, Inc. 2011 Equity Incentive Award Plan (the
“Plan”), subject to approval by the Company’s stockholders;

WHEREAS, the Company wishes to carry out the Plan (the terms of which are hereby incorporated
by reference and made a part of this Agreement);

WHEREAS, Section 9.4 of the Plan provides for the issuance of shares of the Company’s common
stock, par value $.01 per share (the “Common Stock”), pursuant to Restricted Stock Unit awards
(“Restricted Stock Units”);

WHEREAS, the Compensation Committee of the Board of Directors, appointed to administer the
Plan, has determined that it would be to the advantage and in the best interest of the Company and
its stockholders to grant to the Executive the Restricted Stock Units as an inducement to the
Executive to remain in the service of the Company and to incentivize outstanding performance to
generate superior returns to the Company’s stockholders, and has advised the Company thereof and
instructed the undersigned officer to issue said Restricted Stock Units, subject to approval of the
Plan by the Company’s stockholders; and

WHEREAS, all capitalized terms used herein without definition shall have the meanings ascribed
to such terms in this Agreement or, if not defined herein, in the Plan;

NOW, THEREFORE, in consideration of the mutual covenants herein contained and for other good
and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby
agree as follows:

Article I

Awards of Restricted Stock Units

Section 1.1 — Awards of Restricted Stock Units

For good and valuable consideration, on the Grant Date the Company hereby grants to the
Executive Restricted Stock Units for 25,000 shares of Common Stock upon the terms and conditions
set forth in this Agreement and the Plan. Each Restricted Stock Unit represents the right to
receive one share of Common Stock at the times and subject to the conditions set forth herein.

 

 

 

Notwithstanding anything to the contrary anywhere else in this Agreement, the Restricted Stock
Units granted under this Agreement are subject to the terms, definitions and provisions of this
Agreement and the Plan, which is incorporated herein by reference.

Section 1.2 — Consideration to Company

In consideration for the grant of Restricted Stock Units provided for in this Agreement, the
Executive agrees to render faithful and efficient services to the Company or to any Subsidiary.
Nothing in this Agreement or in the Plan shall confer upon the Executive any right to continue in
the service of the Company or any Subsidiary or shall interfere with or restrict in any way the
rights of the Company or any Subsidiary, which rights are hereby expressly reserved, to discharge
or terminate the services of the Executive at any time for any reason whatsoever, with or without
cause, except as expressly provided otherwise in a written agreement between the Company or a
Subsidiary and the Executive.

Article II

Earning and Payment

Section 2.1 — Earning of Restricted Stock Units

(a) Subject to Section 2.2 hereof, the Restricted Stock Units shall be earned as follows

(i) One hundred percent (100%) of the Restricted Stock Units shall be earned either (A)
on the date on which the Company’s Common Stock achieves a Fair Market Value equal to or
greater than $461.12 per share for five (5) consecutive trading days (the “Share Value
Performance Condition”) at any time during the period beginning October 1, 2010 and ending
on (and including) October 1, 2015 or (B) the Company achieves a Diluted Earnings Per Share
equal to or greater than $29.94 (the “EPS Performance Condition”) on the last day of any
fiscal year during the period beginning October 1, 2010 and ending on (and including) August
29, 2015; or

(ii) In the event that neither the Share Value Performance Condition nor the EPS
Performance Condition is met on or before October 1, 2015, eighty percent (80%) of the
Restricted Stock Units shall be earned if the Share Value Performance Condition is satisfied
during the period beginning October 1, 2010 and ending on (and including) October 1, 2016 or
the EPS Performance Condition is satisfied during the period beginning October 1, 2010 and
ending on (and including) August 27, 2016.

(b) For purposes of this Agreement, “Diluted Earnings Per Share” shall be the Company’s
Diluted Earnings Per Share as stated on the Company’s audited financial statements with respect to
any fiscal year, as adjusted for any changes in accounting principles from those in effect on
August 28, 2010 and with respect to any fiscal year which shall contain fifty-three (53) weeks
adjusted to reflect a fifty-two (52) week year.

 

 

 

2.2 — Vesting of Earned Awards

(a) Any Restricted Stock Units which have been earned pursuant to Section 2.1 shall vest
immediately upon the earliest to occur of the following dates on or after the date on which they
have been earned: (i) October 1, 2015, (ii) October 1, 2016 or (iii) the date of the Executive’s
termination of employment with the Company by reason of a termination by the Company without
Cause (as defined below) or due to the Executive’s death or Disability (as defined below).

(b) Any Restricted Stock Units which have been not earned pursuant to Section 2.1 hereof as of
the date on which the Executive’s employment with the Company terminates for any reason shall not
be vested.

(c) For purposes of this Agreement, (i) “Cause” shall mean the Executive’s willful engagement
in conduct which is demonstrably or materially injurious to the Company, monetarily or otherwise;
provided, however, no act or failure to act will be considered “willful” unless done, or omitted to
be done, by Executive not in good faith and without reasonable belief that his action or omission
was in the best interest of the Company and (ii) “Disability” shall mean a determination by the
Company that the Executive is “totally disabled,” as that term is defined in the Company’s long
term disability plan as in effect from time.

2.3 — Payment of Vested Restricted Stock Units

(a) Unless the Executive has elected to defer the payment of shares of Common Stock with
respect to the Restricted Stock Units in accordance with Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”), all of the Executive’s Restricted Stock Units which are then
vested pursuant to Sections 2.1 and 2.2 hereof shall be paid in shares of Common Stock as soon as
practicable after the earliest to occur of the following dates on or after the date on which they
are vested: (i) October 1, 2015, (ii) October 1, 2016 or (iii) the date of the Executive’s
termination of employment by the Company without Cause or due to the Executive’s death or
Disability, provided that such termination of employment constitutes a “separation from service”
within the meaning of Section 409A(a)(2)(A)(i) of the Code and Treasury Regulation Section
1.409A-1(h) (a “Separation from Service”).

(b) Notwithstanding anything to the contrary in this Agreement, no Restricted Stock Unit shall
be paid to the Executive pursuant to Section 2.3(a) hereof during the six (6)-month period
following the Executive’s Separation from Service if the Company determines that paying such
amounts at the time or times indicated in this Agreement would be a prohibited distribution under
Section 409A(a)(2)(B)(i) of the Code. If the payment of any of the Executive’s Restricted Stock
Units is delayed as a result of the previous sentence, then on the first business day following the
end of such six (6)-month period (or such earlier date upon which such amount can be paid under
Section 409A of the Code without resulting in a prohibited distribution, including as a result of
the Executive’s death), such Restricted Stock Units shall be paid in shares of Common Stock.

(c) All payments made in shares of Common Stock shall be made by the Company in the form of
whole shares of Common Stock, and any fractional share shall be paid in cash in an amount equal to
the value of such fractional share determined based on the Fair Market Value as of the date
immediately prior to such payment.

(d) The time of payment of the Restricted Stock Units under this Agreement may not be changed
except as may be permitted by the Administrator in accordance with Section 409A of the Code and the
applicable Treasury Regulations promulgated thereunder.

 

 

 

2.4 — Restricted Stock Units Not Transferable

During the lifetime of the Executive, the Restricted Stock Units may not be sold, pledged,
assigned or transferred in any manner other than by will or the laws of descent and distribution,
unless and until the shares of Common Stock underlying the Restricted Stock Units have been issued,
and all restrictions applicable to such shares of Common Stock have lapsed. The Restricted Stock
Units and any interest or right therein shall not be liable for the debts, contracts or engagements
of the Executive 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, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted
disposition thereof shall be null and void and of no effect, except to the extent that such
disposition is permitted by the preceding sentence.

2.5 — Tax Withholding

Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to
require payment by the Executive of any sums required by applicable law to be withheld with respect
to the grant of Restricted Stock Units or the issuance of shares of Common Stock, as applicable.
Such payment shall be made by deduction from other compensation payable to the Executive or, in the
sole discretion of the Executive, may include:

(i) Cash or check;

(ii) Surrender of shares of Common Stock (including, without limitation, shares of Common
Stock otherwise issuable under the Restricted Stock Units) held for such period of time as may be
required by the Administrator in order to avoid adverse accounting consequences and having a Fair
Market Value on the date of delivery equal to the minimum amount required to be withheld by
statute; or

(iii) Through the delivery of a notice that the Executive has placed a market sell order with
a broker with respect to shares of Common Stock then issuable under the Restricted Stock Units, and
that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to
the Company in satisfaction of its withholding obligations; provided that payment of such proceeds
is then made to the Company at such time as may be required by the Company, but in any event not
later than the settlement of such sale).

The Company shall not be obligated to deliver any new certificate representing shares of
Common Stock to the Executive or the Executive’s legal representative or enter such share of Common
Stock in book entry form unless and until the Executive or the Executive’s legal representative
shall have paid or otherwise satisfied in full the amount of all federal, state and local taxes
applicable to the taxable income of the Executive resulting from the grant of the Restricted Stock
Units or the issuance of shares of Common Stock.

 

 

 

2.6 — Adjustments Upon Specified Events

Upon the occurrence of certain events relating to the Common Stock contemplated by Section
13.2 of the Plan (including, without limitation, an extraordinary cash dividend on such Common
Stock), the Administrator shall make such adjustments the Administrator deems appropriate in the
number of Restricted Stock Units then outstanding and the number and kind of securities that may be
issued in respect of the Restricted Stock Units. The Executive acknowledges that the Restricted
Stock Units are subject to amendment, modification and termination in certain events as provided in
this Agreement and Section 13.2 of the Plan.

Article III

Miscellaneous

3.1 — Administration

The Administrator shall have the power to interpret the Plan and this Agreement and to adopt
such rules for the administration, interpretation and application of the Plan as are consistent
therewith and to interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Administrator in good faith shall be final and
binding upon the Executive, the Company and all other interested persons. No member of the
Committee or the Board shall be personally liable for any action, determination or interpretation
made in good faith with respect to the Plan, this Agreement or the Restricted Stock Units.

3.2 — Binding Agreement

Subject to the limitation on the transferability of the Restricted Stock Units contained
herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal
representatives, successors and assigns of the parties hereto.

3.3 — Conditions to Issuance of Stock Certificates

Shares of Common Stock which are paid in settlement of Restricted Stock Units may be either
previously authorized but unissued shares, treasury shares of shares purchased on the open market.
The shares of Common Stock issued pursuant to this Agreement shall be held in book entry form and
no certificates shall be issued therefor; provided, however, that certificates may
be issued for shares of Common Stock issued pursuant to this Agreement at the request of the holder
and in accordance with the charter and bylaws of the Company, as amended or supplemented from time
to time. The Company shall not be required to issue such shares in book entry or certificated form
prior to fulfillment of all of the following conditions:

(a) The admission of such shares to listing on all stock exchanges on which such class of
stock is then listed;

(b) The completion of any registration or other qualification of such shares under any state
or federal law or under rulings or regulations of the Securities and Exchange Commission or of any
other governmental regulatory body, which the Committee shall, in its absolute discretion, deem
necessary or advisable;

(c) The obtaining of any approval or other clearance from any state or federal governmental
agency which the Committee shall, in its absolute discretion, determine to be necessary or
advisable; and

(d) To the extent that the Executive has elected to pay withholding taxes in cash pursuant to
Section 2.5 hereof, the receipt by the Company of full payment for such shares.

 

 

 

The Company will use commercially reasonable efforts to satisfy all of the foregoing
conditions on or prior to the date when any payment of the Restricted Stock Units is to be made to
the Executive pursuant to Section 2.3(a) or (b) hereof (and, if any of the foregoing conditions
remain unsatisfied as of such date, the Company will use commercially reasonable efforts to satisfy
such conditions as promptly as reasonably practicable).

In the event that the Company delays a payment in settlement of Restricted Stock Units because
it reasonably determines that the issuance of shares of Common Stock in settlement of Restricted
Stock Units will violate federal securities laws or other applicable law, such payment shall be
made at the earliest date at which the Company reasonably determines that the making of such
payment will not cause such violation, as required by Treasury Regulation Section
1.409A-2(b)(7)(ii). The Company shall not delay any payment if such delay will result in a
violation of Section 409A of the Code.

3.4 — Notices

Any notice to be given by the Executive under the terms of this Agreement shall be addressed
to the Secretary of the Company (or, in the event that the Executive is the Secretary of the
Company, then to the Company’s non-executive Chairman of the Board or Lead Director). Any notice
to be given to the Executive shall be addressed to him at his home address on record with the
Company. By a notice given pursuant to this Section 3.4, either party may hereafter designate a
different address for notices to be given to him. Any notice which is required to be given to the
Executive shall, if Executive is then deceased, be given to the Executive’s personal representative
if such representative has previously informed the Company of his or her status and address by
written notice under this Section 3.4. Any notice required or permitted hereunder shall be given
in writing and shall be deemed effectively given upon personal delivery or upon deposit in the
United States mail by certified mail, with postage and fees prepaid, addressed as set forth above
or upon confirmation of delivery by a nationally recognized overnight delivery service.

3.5 — Rights as Stockholder

Except as otherwise provided herein, the holder of the Restricted Stock Units shall not have
any of the rights of a stockholder with respect to the Restricted Stock Units until shares of
Common Stock are paid to him in settlement of such Restricted Stock Units.

3.6 — Conformity to Securities Laws

The Executive acknowledges that the Plan and this Agreement are intended to conform to the
extent necessary with all provisions of all applicable federal and state laws, rules and
regulations (including, but not limited to the Securities Act and the Exchange Act and any and all
regulations and rules promulgated by the Securities and Exchange Commission thereunder, including
without limitation the applicable exemptive conditions of Rule 16b-3) and to such approvals by any
listing, regulatory or other governmental authority as may, in the opinion of counsel for the
Company, be necessary or advisable in connection therewith. Notwithstanding anything herein to the
contrary, the Plan shall be administered, and the Restricted Stock Units granted, only in such a
manner as to conform to such laws, rules and regulations. To the extent
permitted by applicable law, the Plan, this Agreement and the Restricted Stock Units shall be
deemed amended to the extent necessary to conform to such laws, rules and regulations.

 

 

 

3.7 — Amendments, Suspension and Termination

To the extent permitted by the Plan, this Agreement may be wholly or partially amended or
otherwise modified, suspended or terminated at any time or from time to time by the Committee or
the Board; provided that, except as may otherwise be provided by the Plan, no amendment,
modification, suspension or termination of this Agreement shall adversely affect the Restricted
Stock Units in any material way without the prior written consent of the Executive.

3.8 — Successors and Assigns

The Company may assign any of its rights under this Agreement to single or multiple assignees,
and this Agreement shall inure to the benefit of the successors and assigns of the Company.
Subject to the restrictions on transfer herein set forth in Section 2.4, this Agreement shall be
binding upon the Executive and his or her heirs, executors, administrators, successors and assigns.

3.9 — Limitations Applicable to Section 16 Persons

Notwithstanding any other provision of the Plan or this Agreement, if the Executive is subject
to Section 16 of the Exchange Act, the Plan, the Restricted Stock Units, and this Agreement shall
be subject to any additional limitations set forth in any applicable exemptive rule under Section
16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are
requirements for the application of such exemptive rule. To the extent permitted by applicable
law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule.

3.10 — Entire Agreement

The Plan and this Agreement constitute the entire agreement of the parties and supersede in
their entirety all prior undertakings and agreements of the Company and the Executive with respect
to the subject matter hereof.

3.11 — Section 409A

To the extent that the Administrator determines that any Restricted Stock Units may not be
exempt from or compliant with Section 409A of the Code, the Administrator may amend this Agreement
in a manner intended to comply with the requirements of Section 409A of the Code (together with any
Department of Treasury regulations and other interpretive guidance issued thereunder, including
without limitation any such regulations or other guidance that may be issued after the date hereof,
“Section 409A”) or an exemption therefrom (including amendments with retroactive effect), or take
any other actions as it deems necessary or appropriate to (i) exempt the Restricted Stock Units
from Section 409A and/or preserve the intended tax treatment of the benefits provided with respect
to the Restricted Stock Units, or (ii) comply with the requirements of Section 409A. To the extent
applicable, this Agreement shall be interpreted in accordance with the provisions of Section 409A.
Notwithstanding anything herein to the contrary, the Executive expressly agrees and acknowledges
that in the event that any taxes are imposed under Section 409A in respect of any compensation or
benefits payable to the Executive, then (A) the payment of such taxes shall be solely the
Executive’s responsibility, (B) neither the Company nor any of its past or
present directors, officers, employees or agents shall have any liability for any such taxes
and (C) the Executive shall indemnify and hold harmless, to the greatest extent permitted under
law, each of the foregoing from and against any claims or liabilities that may arise in respect of
any such taxes.

 

 

 

3.12 — Limitation on the Executive’s Rights

Participation in the Plan confers no rights or interests other than as herein provided. This
Agreement creates only a contractual obligation on the part of the Company as to amounts payable
and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in
and of itself, has any assets. The Executive shall have only the rights of a general unsecured
creditor of the Company with respect to amounts credited and benefits payable, if any, with respect
to the Restricted Stock Units, and rights no greater than the right to receive the Common Stock as
a general unsecured creditor with respect to Restricted Stock Units, as and when payable hereunder.

3.13 — Not a Contract of Service Relationship

Nothing in this Agreement or in the Plan shall confer upon the Executive any right to serve or
continue to serve as an Employee, Consultant or member of the Board.

3.14 — Clawback

To the extent required by applicable law, any applicable securities exchange listing standards
or any clawback policy adopted by the Company from time to time, the Restricted Stock Units and
amounts paid or payable pursuant to or with respect to the Restricted Stock Units shall be subject
to clawback as determined by the Administrator.

3.15 — Governing Law

This Agreement shall be administered, interpreted and enforced under the internal laws of the
State of Nevada without regard to conflicts of laws thereof.

IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto.

	 	 	 	 	 
	 	AUTOZONE, INC.,

a Nevada corporation

 	 
	 	By:  	/s/ Timothy W. Briggs	 
	 	 	Name:  	Timothy W. Briggs	 
	 	 	Title:  	Senior Vice President, Human Resources	 
	 	 	 
	 	By:  	/s/ Harry L. Goldsmith 	 
	 	 	Name:  	Harry L. Goldsmith	 
	 	 	Title:  	Executive Vice President, General Counsel and
Secretary	 

	 	 	 

	EXECUTIVE
	 	 
	 
	 	 
	/s/ William C. Rhodes, III
 

William C. Rhodes, IIIExhibit 4.1

Exhibit 4.1

AUTOZONE, INC.

2011 EQUITY INCENTIVE AWARD PLAN

ARTICLE 1.

PURPOSE

The purpose of the AutoZone, Inc. 2011 Equity Incentive Award Plan (the “Plan”) is to
promote the success and enhance the value of AutoZone, Inc. (the “Company”) by linking the
individual interests of the members of the Board and Employees to those of the Company’s
stockholders and by providing such individuals with an incentive for outstanding performance to
generate superior returns to the Company’s stockholders. The Plan is further intended to provide
flexibility to the Company in its ability to motivate, attract, and retain the services of members
of the Board and Employees upon whose judgment, interest, and special effort the successful conduct
of the Company’s operation is largely dependent.

ARTICLE 2.

DEFINITIONS AND CONSTRUCTION

Wherever the following terms are used in the Plan they shall have the meanings specified
below, unless the context clearly indicates otherwise. The singular pronoun shall include the
plural where the context so indicates.

2.1 “Administrator” shall mean the entity that conducts the general administration of
the Plan as provided in Article 12 hereof. With reference to the duties of the Committee under the
Plan which have been delegated to one or more persons pursuant to Section 12.6 hereof, or which the
Board has assumed, the term “Administrator” shall refer to such person(s) unless the Committee or
the Board has revoked such delegation or the Board has terminated the assumption of such duties.

2.2 “Affiliate” shall mean any Parent or Subsidiary.

2.3 “Applicable Accounting Standards” shall mean Generally Accepted Accounting
Principles in the United States, International Financial Reporting Standards or such other
accounting principles or standards as may apply to the Company’s financial statements under United
States federal securities laws from time to time.

2.4 “Award” shall mean an Option, a Restricted Stock award, a Restricted Stock Unit
award, a Dividend Equivalent award, a Deferred Stock award, a Stock Payment award, a Stock
Appreciation Right, an Other Incentive Award or a Performance Share Award, which may be awarded or
granted under the Plan.

2.5 “Award Agreement” shall mean any written notice, agreement, contract or other
instrument or document evidencing an Award, including through electronic medium, which shall
contain such terms and conditions with respect to an Award as the Administrator shall determine,
consistent with the Plan.

 

 

 

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

2.7 “Cause” shall mean the definition for “Cause” as may be defined from time to time
in an applicable Award Agreement,.

2.8 “Change in Control” shall mean the occurrence of any of the following events:

(a) A merger or consolidation in which the Company is not the surviving entity, except for a
transaction the principal purpose of which is to change the state in which the Company is
incorporated, form a holding company or effect a similar reorganization as to form whereupon this
Plan and all Awards are assumed by the successor entity; or

(b) The sale, transfer, exchange or other disposition of all or substantially all of the
assets of the Company in complete liquidation or dissolution of the Company, in a transaction not
covered by the exceptions to clause (a), above; or

(c) Any reverse merger in which the Company is the surviving entity but in which securities
possessing more than fifty percent (50%) of the total combined voting power of the Company’s
outstanding securities are transferred or issued to a person or persons different from those who
held such securities immediately prior to such merger.

Notwithstanding the foregoing, if a Change in Control constitutes a payment event with respect
to any Award which provides for the deferral of compensation that is subject to Section 409A of the
Code, to the extent required to avoid the imposition of additional taxes under Section 409A of the
Code, the transaction or event described in subsection (a), (b) or (c) with respect to such Award
shall only constitute a Change in Control for purposes of the payment timing of such Award if such
transaction also constitutes a “change in control event,” as defined in Treasury Regulation
§1.409A-3(i)(5).

Consistent with the terms of this Section 2.8, the Administrator shall have full and final
authority to determine conclusively whether a Change in Control of the Company has occurred
pursuant to the above definition, the date of the occurrence of such Change in Control and any
incidental matters relating thereto.

2.9 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time,
together with the regulations and official guidance promulgated thereunder, whether issued prior or
subsequent to the grant of any Award.

2.10 “Committee” shall mean the Compensation Committee of the Board, or another
committee or subcommittee of the Board described in Article 12 hereof.

2.11 “Common Stock” shall mean the common stock of the Company, par value $0.01 per
share.

2.12 “Company” shall mean AutoZone, Inc., a Nevada corporation.

2.13 “Covered Employee” shall mean any Employee who is, or could become, a “covered
employee” within the meaning of Section 162(m) of the Code.

 

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2.14 “Deferred Stock” shall mean a right to receive Shares awarded under Section 9.3
hereof.

2.15 “Director” shall mean a member of the Board, as constituted from time to time.

2.16 “Dividend Equivalent” shall mean a right to receive the equivalent value (in cash
or Shares) of dividends paid on Shares, awarded under Section 9.1 hereof.

2.17 “DRO” shall mean a “domestic relations order” as defined by the Code or Title I
of the Employee Retirement Income Security Act of 1974, as amended from time to time, or the rules
thereunder.

2.18 “Effective Date” shall mean the date the Plan is approved by the Board, subject
to approval of the Plan by the Company’s stockholders.

2.19 “Eligible Individual” shall mean any person who is an Employee or a Non-Employee
Director, as determined by the Administrator.

2.20 “Employee” shall mean any officer or other employee (as determined in accordance
with Section 3401(c) of the Code) of the Company or of any Affiliate.

2.21 “Equity Restructuring” shall mean a nonreciprocal transaction between the Company
and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or
recapitalization through a large, nonrecurring cash dividend, that affects the number or kind
of shares of Common Stock (or other securities of the Company) or the share price of Common Stock
(or other securities) and causes a change in the per share value of the Common Stock underlying
outstanding Awards.

2.22 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from
time to time.

2.23 “Fair Market Value” shall mean, as of any given date, the value of a Share
determined as follows:

(a) If the Common Stock is (i) listed on any established securities exchange (such as the New
York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) listed on
any national market system or (iii) listed, quoted or traded on any automated quotation system, its
Fair Market Value shall be the closing sales price for a share of Common Stock as quoted on such
exchange or system for such date or, if there is no closing sales price for a share of Common Stock
on the date in question, the closing sales price for a share of Common Stock on the last preceding
date for which such quotation exists, as reported in The Wall Street Journal or such other source
as the Administrator deems reliable;

(b) If the Common Stock is not listed on an established securities exchange, national market
system or automated quotation system, but the Common Stock is regularly quoted by a recognized
securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for
such date or, if there are no high bid and low asked prices for a share of Common Stock on such
date, the high bid and low asked prices for a share of Common Stock on
the last preceding date for
which such information exists, as reported in The Wall Street Journal or such other source as the
Administrator deems reliable; or

 

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(c) If the Common Stock is neither listed on an established securities exchange, national
market system or automated quotation system nor regularly quoted by a recognized securities dealer,
its Fair Market Value shall be established by the Administrator in good faith.

2.24 “Full Value Award” shall mean any Award other than (i) an Option, (ii) a Stock
Appreciation Right or (iii) any other Award for which a Participant pays the intrinsic value
existing as of the date of grant (whether directly or by forgoing a right to receive a payment
from the Company or any Affiliate).

2.25 “Greater Than 10% Stockholder” shall mean an individual then-owning (within the
meaning of Section 424(d) of the Code) more than 10% of the total combined voting power
of all classes of stock of the Company or any “parent corporation” or “subsidiary
corporation” (as defined in Sections 424(e) and 424(f) of the Code, respectively).

2.26 “Incentive Stock Option” shall mean an Option that is intended to qualify as an
incentive stock option and conforms to the applicable provisions of Section 422 of the Code.

2.27 “Individual Award Limit” shall mean the share limit applicable to Awards granted
under the Plan, as set forth in Section 3.3 hereof.

2.28 “Non-Employee Director” shall mean a Director of the Company who is not an
Employee.

2.29 “Non-Qualified Stock Option” shall mean an Option that is not an Incentive Stock
Option or which is designated as an Incentive Stock Option but does not meet the applicable
requirements of Section 422 of the Code.

2.30 “Option” shall mean a right to purchase Shares at a specified exercise price,
granted under Article 6 hereof. An Option shall be either a Non-Qualified Stock Option or an
Incentive Stock Option; provided, however, that Options granted to Non-Employee
Directors shall only be Non-Qualified Stock Options.

2.31 “Other Incentive Award” shall mean an Award denominated in, linked to or derived
from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

2.32 “Parent” shall mean any entity (other than the Company), whether domestic or
foreign, in an unbroken chain of entities ending with the Company if each of the entities other
than the Company beneficially owns, at the time of the determination, securities or interests
representing more than fifty percent (50%) of the total combined voting power of all classes of
securities or interests in one of the other entities in such chain.

2.33 “Participant” shall mean a person who has been granted an Award.

 

4

 

2.34 “Performance-Based Compensation” shall mean any compensation that is intended to
qualify as “performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

2.35 “Performance Criteria” shall mean the criteria (and adjustments) that the
Committee selects for an Award for purposes of establishing the Performance Goal or Performance
Goals for a Performance Period, determined as follows:

(a) The Performance Criteria that shall be used to establish Performance Goals are limited to
the following: (i) earnings or net earnings (either before or after one or more of the following:
(A) interest, (B) taxes, (C) depreciation, (D) amortization and (E) non-cash equity-based
compensation expense); (ii) gross or net sales or revenue; (iii) net income (either before or after
taxes); (iv) adjusted net income; (v) operating earnings, profit or pre-tax profit or margin; (vi)
cash flow (including, but not limited to, operating or net cash flow and free cash flow); (vii)
return on assets; (viii) return on capital (including return on invested capital); (ix) return on
stockholders’ equity; (x) total stockholder return; (xi) return on sales; (xii) gross or net
profit, operating margin or gross profit margin; (xiii) costs; (xiv) funds from operations; (xv)
expenses; (xvi) working capital; (xvii) earnings per share; (xviii) diluted or adjusted earnings
per share; (xix) price per share of Common Stock; (xx) implementation or completion of critical
projects; (xxi) market share; (xxii) economic value goals (including economic value added); (xxiii)
customer retention; (xxiv) sales or sales-related goals (including sales per square foot and
comparable store sales); (xxv) earnings before interest and taxes margin; and (xxvi) return on
inventory, any of which may be measured either in absolute terms for the Company or any operating
unit of the Company or as compared to any incremental increase or decrease or as compared to
results of a peer group or to market performance indicators or indices.

(b) The Administrator may, in its sole discretion, provide that one or more objectively
determinable adjustments shall be made to one or more of the Performance Goals. Such adjustments
may include, but are not limited to, one or more of the following: (i) items related to a change
in accounting principle; (ii) items relating to financing activities; (iii) expenses for
restructuring or productivity initiatives; (iv) other non-operating items; (v) items related to
acquisitions; (vi) items attributable to the business operations of any entity acquired by the
Company during the Performance Period; (vii) items related to the disposal of a business or segment
of a business; (viii) items related to discontinued operations that do not qualify as a segment of
a business under Applicable Accounting Standards; (ix) items attributable to any stock dividend,
stock split, combination or exchange of stock occurring during the Performance Period; (x) any
other items of significant income or expense which are determined to be appropriate adjustments;
(xi) items relating to unusual or extraordinary corporate transactions, events or developments,
(xii) items related to amortization of acquired intangible assets; (xiii) items that are outside
the scope of the Company’s core, on-going business activities; (xiv) items related to acquired
in-process research and development; (xv) items relating to changes in tax laws; (xvi) items
relating to major licensing or partnership arrangements; (xvii) items relating to asset impairment
charges; (xviii) items relating to gains or losses for litigation, arbitration and contractual
settlements; or (xix) items relating to any other unusual or nonrecurring events or changes in
applicable laws, accounting principles or business conditions. For all Awards intended to qualify
as Performance-Based Compensation, such
determinations shall be made within the time prescribed by,
and otherwise in compliance with, Section 162(m) of the Code.

 

5

 

2.36 “Performance Goals” shall mean, for a Performance Period, one or more goals
established in writing by the Administrator for the Performance Period based upon one or more
Performance Criteria. Depending on the Performance Criteria used to establish such Performance
Goals, the Performance Goals may be expressed in terms of overall Company performance or the
performance of an Affiliate, division, business unit, or an individual. The achievement of each
Performance Goal shall be determined in accordance with Applicable Accounting Standards.

2.37 “Performance Period” shall mean one or more periods of time, which may be of
varying and overlapping durations, as the Administrator may select, over which the attainment of
one or more Performance Goals will be measured for the purpose of determining a Participant’s right
to, and the payment of, an Award intended to qualify as Performance-Based Compensation.

2.38 “Performance Share Award” shall mean a contractual right awarded under Section
9.5 hereof to receive a number of Shares or the cash value of such number of Shares based on the
attainment of specified Performance Goals or other criteria determined by the Administrator.

2.39 “Permitted Transferee” shall mean, with respect to a Participant, any “family
member” of the Participant, as defined under the instructions to use of the Form S-8 Registration
Statement under the Securities Act, or any other transferee specifically approved by the
Administrator after taking into account any state, federal, local or foreign tax and securities
laws applicable to transferable Awards. In addition, the Administrator, in its sole discretion,
may determine to permit a Participant to transfer Incentive Stock Options to a trust that
constitutes a Permitted Transferee if, under Section 671 of the Code and applicable state law, the
Participant is considered the sole beneficial owner of the Incentive Stock Option while it is held
in the trust.

2.40 “Plan” shall mean this AutoZone, Inc. 2011 Equity Incentive Award Plan, as it may
be amended from time to time.

2.41 “Prior Plans” shall mean the AutoZone, Inc. Third Amended and Restated 1996 Stock
Option Plan, the AutoZone, Inc. 2006 Stock Option Plan, the AutoZone, Inc. First Amended and
Restated 2003 Director Stock Option Plan, the AutoZone, Inc. First Amended and Restated 2003
Director Compensation Plan, the AutoZone, Inc. Second Amended and Restated 1998 Director
Compensation Plan and the AutoZone, Inc. Fourth Amended and Restated 1998 Director Stock Option
Plan, each as may be amended from time to time.

2.42 “Program” shall mean any program adopted by the Administrator pursuant to the
Plan containing the terms and conditions intended to govern a specified type of Award granted under
the Plan and pursuant to which such type of Award may be granted under the Plan.

2.43 “Restricted Stock” shall mean Common Stock awarded under Article 8 hereof that is
subject to certain restrictions and may be subject to risk of forfeiture or repurchase.

 

6

 

2.44 “Restricted Stock Unit” shall mean a contractual right awarded under Section 9.4
hereof to receive in the future a Share or the cash value of a Share.

2.45 “Securities Act” shall mean the Securities Act of 1933, as amended.

2.46 “Share Limit” shall have the meaning provided in Section 3.1(a) hereof.

2.47 “Shares” shall mean shares of Common Stock.

2.48 “Stock Appreciation Right” shall mean a stock appreciation right granted under
Article 10 hereof.

2.49 “Stock Payment” shall mean a payment in the form of Shares awarded under Section
9.2 hereof.

2.50 “Stockholder Approval Date” shall mean the date on which the Company’s
stockholders approve the Plan.

2.51 “Subsidiary” shall mean any entity (other than the Company), whether domestic or
foreign, in an unbroken chain of entities beginning with the Company if each of the entities other
than the last entity in the unbroken chain beneficially owns, at the time of the determination,
securities or interests representing more than fifty percent (50%) of the total combined voting
power of all classes of securities or interests in one of the other entities in such chain.

2.52 “Substitute Award” shall mean an Award granted under the Plan in connection with
a corporate transaction, such as a merger, combination, consolidation or acquisition of property or
stock, in any case, upon the assumption of, or in substitution for, an outstanding equity award
previously granted by a company or other entity; provided, however, that in no
event shall the term “Substitute Award” be construed to refer to an award made in connection with
the cancellation and repricing of an Option or Stock Appreciation Right.

2.53 “Termination of Service” shall mean

(a) As to a Non-Employee Director, the time when a Participant who is a Non-Employee Director
ceases to be a Director for any reason, including, without limitation, a termination by
resignation, failure to be elected, death or retirement, but excluding terminations
where the Participant simultaneously commences or remains in employment or service with the
Company or any Affiliate.

(b) As to an Employee, the time when the employee-employer relationship between a Participant
and the Company and its Affiliates is terminated for any reason, including, without limitation, a
termination by resignation, discharge, death, disability or retirement; but excluding terminations
where the Participant simultaneously commences or remains in employment or service with the Company
or any Affiliate.

 

7

 

The Administrator, in its sole discretion, shall determine the effect of all matters and
questions relating to Terminations of Service, including, without limitation, the question of
whether a Termination of Service has occurred, whether any Termination of Service resulted from a
discharge for Cause and all questions of whether particular leaves of absence constitute a
Termination of Service; provided, however, that, with respect to Incentive Stock
Options, unless the Administrator otherwise provides in the terms of any Program, Award Agreement
or otherwise, a leave of absence or change in the employee-employer relationship shall constitute a
Termination of Service only if, and to the extent that, such leave of absence or change in status
interrupts employment for the purposes of Section 422(a)(2) of the Code. For purposes of the Plan,
a Participant’s employee-employer relationship shall be deemed to be terminated in the event that
the Affiliate employing or contracting with such Participant ceases to remain an Affiliate
following any merger, sale of stock or other corporate transaction or event (including, without
limitation, a spin-off).

ARTICLE 3.

SHARES SUBJECT TO THE PLAN

3.1 Number of Shares.

(a) Subject to Sections 3.1(b), 3.1(c), 3.1(d), 13.1 and 13.2 hereof, the aggregate number of
Shares which may be issued or transferred pursuant to Awards under the Plan shall be equal to (i)
the number of shares available for issuance under the 2006 Stock Option Plan, the First Amended and
Restated 2003 Director Compensation Plan and the First Amended and Restated 2003 Director Stock
Option Plan as of the Stockholder Approval Date and (ii) any shares underlying awards outstanding
under those plans as of the Stockholder Approval Date and which on or after such date terminate,
expire or lapse for any reason without the delivery of Shares to the holder thereof (the “Share
Limit”). The number of shares issuable under the forgoing subclause (i) may be issued as
Incentive Stock Options. Notwithstanding the foregoing, to the extent permitted under applicable
law and applicable stock exchange rules, Awards that provide for the delivery of Shares subsequent
to the applicable grant date may be
granted in excess of the Share Limit if such Awards provide for the forfeiture or cash
settlement of such Awards to the extent that insufficient Shares remain under the Share Limit at
the time that Shares would otherwise be issued in respect of such Award. As of the Stockholder
Approval Date, no further awards may be granted under the Prior Plans, however, any awards under
the Prior Plans that are outstanding as of the Stockholder Approval Date shall continue to be
subject to the terms and conditions of the applicable Prior Plan.

(b) The Share Limit shall be reduced by two (2) Shares for each Share delivered in settlement
of any Full Value Award.

(c) If any Shares subject to an Award that is not a Full Value Award are forfeited or expire
or such Award is settled for cash (in whole or in part), the Shares subject to such Award shall, to
the extent of such forfeiture, expiration or cash settlement, again be available for future grants
of Awards under the Plan. To the extent that a Full Value Award is forfeited or expires or such
Full Value Award is settled for cash (in whole or in part), the Shares available under the Plan
shall be increased by two (2) Shares subject to such Full Value Award that is forfeited, expired or
settled in cash. Notwithstanding anything to the contrary contained herein, the following Shares
shall not be added to the Shares authorized for grant under Section
3.1(a) and will not be
available for  future grants of Awards:

 

8

 

(i) Shares tendered by a Participant or withheld by the
Company in payment of the exercise price of an Option; (ii) Shares tendered by a Participant or
withheld by the Company to satisfy any tax withholding obligation with respect to an Award; (iii)
Shares subject to a Stock Appreciation Right that are not issued in connection with the stock
settlement of the Stock Appreciation Right on exercise thereof; and (iv) Shares purchased on the
open market with the cash proceeds from the exercise of Options. Any Shares repurchased by the
Company under Section 8.4 at the same price paid by the Participant so that such shares are
returned to the Company will again be available for Awards. The payment of Dividend Equivalents in
cash in conjunction with any outstanding Awards shall not be counted against the shares available
for issuance under the Plan. Notwithstanding the provisions of this Section 3.1(c), no Shares may
again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail
to qualify as an incentive stock option under Section 422 of the Code.

(d) Substitute Awards shall not reduce the Shares authorized for grant under the Plan.
Additionally, in the event that a company acquired by the Company or any Affiliate or with which
the Company or any Affiliate 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 in the Board’s discretion at the time of such acquisition or combination and
shall not reduce the Shares authorized for grant under the Plan; provided, however,
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 employed by or providing services to the Company or
its Affiliates immediately prior to such acquisition or combination.

3.2 Stock Distributed. Any Shares distributed pursuant to an Award may consist, in
whole or in part, of authorized and unissued Common Stock, treasury Common Stock or Common Stock
purchased on the open market.

3.3 Limitation on Number of Shares Subject to Awards. Notwithstanding any provision
in the Plan to the contrary, and subject to Section 13.2 hereof, the maximum aggregate number of
Shares with respect to one or more Awards that may be granted to any one person during any calendar
year (measured from the date of any grant) shall be [two hundred thousand] (200,000) (the
“Individual Award Limit”).

ARTICLE 4.

GRANTING OF AWARDS

4.1 Participation. The Administrator may, from time to time, select from among all
Eligible Individuals, those to whom one or more Awards shall be granted and shall determine the
nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan.
No Eligible Individual shall have any right to be granted an Award pursuant to the Plan.

 

9

 

4.2 Award Agreement. Each Award shall be evidenced by an Award Agreement stating the
terms and conditions applicable to such Award, consistent with the requirements of the Plan and any
applicable Program.

4.3 Limitations Applicable to Section 16 Persons. Notwithstanding anything contained
herein to the contrary, with respect to any Award granted or awarded to any individual who is then
subject to Section 16 of the Exchange Act, the Plan, any applicable Program and the applicable
Award Agreement shall be subject to any additional limitations set forth in any applicable
exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange Act and
any amendments thereto) that are requirements for the application of such exemptive rule, and such
additional limitations shall be deemed to be incorporated by reference into such Award to the
extent permitted by applicable law.

4.4 At-Will Service. Nothing in the Plan or in any Program or Award Agreement
hereunder shall confer upon any Participant any right to continue as an Employee or a Director of
the Company or any Affiliate, or shall interfere with or restrict in any way the rights of the
Company and any Affiliate, which rights are hereby expressly reserved, to discharge any Participant
at any time for any reason whatsoever, with or without Cause, and with or without notice, or to
terminate or change all other terms and conditions of service or engagement, except to the extent
expressly provided otherwise in a written agreement between the Participant and the Company or any
Affiliate.

4.5 Foreign Participants. Notwithstanding any provision of the Plan to the contrary,
in order to comply with the laws in other countries in which the Company and its Affiliates operate
or have Employees or Non-Employee Directors, or in order to comply with the requirements of any
foreign securities exchange, the Administrator, in its sole discretion, shall have the power and
authority to: (a) determine which Affiliates shall be covered by the Plan; (b) determine which
Eligible Individuals outside the United States are eligible to participate in the Plan; (c) modify
the terms and conditions of any Award granted to Eligible Individuals outside the United States to
comply with applicable foreign laws or listing requirements of any such foreign securities
exchange; (d) establish subplans and modify exercise procedures and other terms and procedures, to
the extent such actions may be necessary or advisable (any such subplans and/or modifications shall
be attached to the Plan as appendices); provided, however, that no such subplans
and/or modifications shall increase the Share Limit or Individual Award Limit contained in Sections
3.1 and 3.3 hereof, respectively; and (e) take any action, before or after an Award is made, that
it deems advisable to obtain approval or comply with any necessary local governmental regulatory
exemptions or approvals or listing requirements of any such foreign securities exchange.
Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and no Awards
shall be granted, that would violate the Code, the Exchange Act, the Securities Act, the rules of
the securities exchange or automated quotation system on which the Shares are listed, quoted or
traded or any other applicable law.

4.6 Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the
sole discretion of the Administrator, be granted either alone, in addition to, or in tandem with,
any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with
other Awards may be granted either at the same time as or at a different time from the grant of
such other Awards.

 

10

 

ARTICLE 5.

PROVISIONS APPLICABLE TO AWARDS INTENDED TO QUALIFY AS

PERFORMANCE-BASED COMPENSATION

5.1 Purpose. The Committee, in its sole discretion, may determine whether any Award
is intended to qualify as Performance-Based Compensation. If the Committee, in its sole discretion,
decides to grant an Award to an Eligible Individual that is intended to qualify as
Performance-Based Compensation, then the provisions of this Article 5 shall control over any
contrary provision contained in the Plan. The Administrator may in its sole discretion grant
Awards to Eligible Individuals that are based on Performance Criteria or Performance Goals but that
do not satisfy the requirements of this Article 5 and that are not intended to qualify as
Performance-Based Compensation. Unless otherwise specified by the Administrator at the time of
grant, the Performance Criteria with respect to an Award intended to be Performance-Based
Compensation payable to a Covered Employee shall be determined on the basis of Applicable
Accounting Standards.

5.2 Applicability. The grant of an Award to an Eligible Individual for a particular
Performance Period shall not require the grant of an Award to such Eligible Individual in any
subsequent Performance Period and the grant of an Award to any one Eligible Individual shall not
require the grant of an Award to any other Eligible Individual in such period or in any other
period.

5.3 Procedures with Respect to Performance-Based Awards. To the extent necessary to
comply with the requirements of Section 162(m)(4)(C) of the Code, with respect to any Award which
is intended to qualify as Performance-Based Compensation, no later than ninety (90) days following
the commencement of any Performance Period or any designated fiscal period or period of service (or
such earlier time as may be required under Section 162(m) of the Code), the Committee shall, in
writing, (a) designate one or more Eligible Individuals, (b) select the Performance Criteria
applicable to the Performance Period, (c) establish the Performance Goals and amounts of such
Awards, as applicable, which may be earned for such Performance Period based on the Performance
Criteria, and (d) specify the relationship between Performance Criteria and the Performance Goals
and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such
Performance Period. Following the completion of each Performance Period, the Committee shall
certify in writing whether and the extent to which the applicable Performance Goals have been
achieved for such Performance Period. In determining the amount earned under such Awards, unless
otherwise provided in an Award Agreement, the Committee shall have the right to reduce or eliminate
(but not to increase) the amount payable at a given level of performance to take into account
additional factors that the Committee may deem relevant, including the assessment of individual or
corporate performance for the Performance Period.

5.4 Payment of Performance-Based Awards. Unless otherwise provided in the applicable
Program or Award Agreement (and only to the extent otherwise permitted by Section 162(m)(4)(C) of
the Code), the holder of an Award that is intended to qualify as Performance-Based Compensation must be employed by the Company or an Affiliate throughout the applicable
Performance Period. Unless otherwise provided in the applicable Performance Goals,
Program or
Award Agreement, a Participant shall be eligible to receive payment pursuant to such Awards for a
Performance Period only if and to the extent the Performance Goals for such period are achieved.

 

11

 

5.5 Additional Limitations. Notwithstanding any other provision of the Plan and
except as otherwise determined by the Administrator, any Award which is granted to an Eligible
Individual and is intended to qualify as Performance-Based Compensation shall be subject to any
additional limitations imposed under Section 162(m) of the Code that are requirements for
qualification as Performance-Based Compensation, and the Plan, the Program and the Award Agreement
shall be deemed amended to the extent necessary to conform to such requirements

ARTICLE 6.

GRANTING OF OPTIONS

6.1 Granting of Options to Eligible Individuals. The Administrator is authorized to
grant Options to Eligible Individuals from time to time, in its sole discretion, on such terms and
conditions as it may determine which shall not be inconsistent with the Plan.

6.2 Qualification of Incentive Stock Options. No Incentive Stock Option shall be
granted to any person who is not an Employee of the Company or any “parent corporation” or
“subsidiary corporation” of the Company (as defined in Sections 424(e) and 424(f) of the Code,
respectively). No person who qualifies as a Greater Than 10% Stockholder may be granted an
Incentive Stock Option unless such Incentive Stock Option conforms to the applicable provisions of
Section 422 of the Code. Any Incentive Stock Option granted under the Plan may be modified by the
Administrator, with the consent of the Participant, to disqualify such Option from treatment as an
“incentive stock option” under Section 422 of the Code. To the extent that the aggregate fair
market value of stock with respect to which “incentive stock options” (within the meaning of
Section 422 of the Code, but without regard to Section 422(d) of the Code) are exercisable for the
first time by a Participant during any calendar year under the Plan and all other plans of the
Company and any Affiliate corporation thereof exceeds $100,000, the Options shall be treated as
Non-Qualified Stock Options to the extent required by Section 422 of the Code. The rule set forth
in the preceding sentence shall be applied by taking Options and other “incentive stock options”
into account in the order in which they were granted and the Fair Market Value of stock shall be
determined as of the time the respective options were granted. In addition, to the extent that any
Options otherwise fail to qualify as Incentive Stock Options, such Options shall be treated as
Nonqualified Stock Options.

6.3 Option Exercise Price. Except as provided in Section 6.6 hereof, the exercise
price per Share subject to each Option shall be set by the Administrator, but shall not be less
than 100% of the Fair Market Value of a Share on the date the Option is granted (or, as to
Incentive Stock Options, on the date the Option is modified, extended or renewed for purposes of
Section 424(h) of the Code). In addition, in the case of Incentive Stock Options granted to a
Greater Than 10% Stockholder, such price shall not be less than 110% of the Fair Market Value of a
Share on the date the Option is granted (or the date the Option is modified, extended or renewed
for purposes of Section 424(h) of the Code).

 

12

 

6.4 Option Term. The term of each Option shall be set by the Administrator in its
sole discretion; provided, however, that the term (a) with respect to Incentive
Stock Options shall not be more than ten (10) years from the date of grant, or five (5) years from
the date an Incentive Stock Option is granted to a Greater Than 10% Stockholder and (b) with
respect to Non-Qualified Stock Options shall not me more than ten (10) years and one (1) day from
the date of grant. The Administrator shall determine the time period, including the time period
following a Termination of Service, during which the Participant has the right to exercise the
vested Options, which time period may not extend beyond the stated term of the Option. Except as
limited by the requirements of Section 409A or Section 422 of the Code, the Administrator may
extend the term of any outstanding Option, and may extend the time period during which vested
Options may be exercised, in connection with any Termination of Service of the Participant, and,
subject to Section 13.1 hereof, may amend any other term or condition of such Option relating to
such a Termination of Service.

6.5 Option Vesting.

(a) The terms and conditions pursuant to which an Option vests in the Participant and becomes
exercisable shall be determined by the Administrator and set forth in the applicable Award
Agreement. Such vesting may be based on service with the Company or any Affiliate, any of the
Performance Criteria, or any other criteria selected by the Administrator. At any time after grant
of an Option, the Administrator may, in its sole discretion and subject to whatever terms and
conditions it selects, accelerate the vesting of the Option.

(b) No portion of an Option which is unexercisable at a Participant’s Termination of Service
shall thereafter become exercisable, except as may be otherwise provided by the Administrator
either in a Program, the applicable Award Agreement or by action of the Administrator following the
grant of the Option.

6.6 Substitute Awards. Notwithstanding the foregoing provisions of this Article 6 to
the contrary, in the case of an Option that is a Substitute Award, the price per share of the
shares subject to such Option may be less than the Fair Market Value per share on the date of
grant, provided, however, that the excess of: (a) the aggregate Fair Market
Value (as of the date such Substitute Award is granted) of the Shares subject to the Substitute
Award, over (b) the aggregate exercise price thereof does not exceed the excess of: (x) the
aggregate Fair Market Value (as of the time immediately preceding the transaction giving rise to
the Substitute Award) of the shares of the predecessor entity that were subject to the grant
assumed or substituted for by the Company, over (y) the aggregate exercise price of such shares.

6.7 Substitution of Stock Appreciation Rights. The Administrator may provide in an
applicable Program or the applicable Award Agreement evidencing the grant of an Option that the
Administrator, in its sole discretion, shall have the right to substitute a Stock Appreciation
Right for such Option at any time prior to or upon exercise of such Option; provided,
however, that such Stock Appreciation Right shall be exercisable with respect to the same
number of Shares for which such substituted Option would have been exercisable, and shall also have
the same exercise price and remaining term as the substituted Option.

 

13

 

ARTICLE 7.

EXERCISE OF OPTIONS

7.1 Partial Exercise. An exercisable Option may be exercised in whole or in part.
However, an Option shall not be exercisable with respect to fractional shares and the Administrator
may require that, by the terms of the Option, a partial exercise must be with respect to a minimum
number of shares.

7.2 Manner of Exercise. All or a portion of an exercisable Option shall be deemed
exercised upon delivery of all of the following to the Secretary of the Company, or such other
person or entity designated by the Administrator, or his, her or its office, as applicable:

(a) A written or electronic notice complying with the applicable rules established by the
Administrator stating that the Option, or a portion thereof, is exercised. The notice shall be
signed by the Participant or other person then entitled to exercise the Option or such portion of
the Option;

(b) Such representations and documents as the Administrator, in its sole discretion, deems
necessary or advisable to effect compliance with all applicable provisions of the Securities Act,
the Exchange Act, any other federal, state or foreign securities laws or regulations, the rules of
any securities exchange or automated quotation system on which the Shares are listed, quoted or
traded or any other applicable law. The Administrator may, in its sole discretion, also take
whatever additional actions it deems appropriate to effect such
compliance including, without limitation, placing legends on share certificates and issuing
stop-transfer notices to agents and registrars;

(c) In the event that the Option shall be exercised pursuant to Section 11.3 hereof by any
person or persons other than the Participant, appropriate proof of the right of such person or
persons to exercise the Option, as determined in the sole discretion of the Administrator; and

(d) Full payment of the exercise price and applicable withholding taxes to the stock
administrator of the Company for the Shares with respect to which the Option, or portion thereof,
is exercised, in a manner permitted by Sections 11.1 and 11.2 hereof.

7.3 Notification Regarding Disposition. The Participant shall give the Company prompt
written or electronic notice of any disposition of shares of Common Stock acquired by exercise of
an Incentive Stock Option which occurs within (a) two years from the date of granting (including
the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code)
such Option to such Participant, or (b) one year after the transfer of such shares to such
Participant.

 

14

 

ARTICLE 8.

RESTRICTED STOCK

8.1 Award of Restricted Stock.

(a) The Administrator is authorized to grant Restricted Stock to Eligible Individuals, and
shall determine the terms and conditions, including the restrictions applicable to each award of
Restricted Stock, which terms and conditions shall not be inconsistent with the Plan, and may
impose such conditions on the issuance of such Restricted Stock as it deems appropriate.

(b) The Administrator shall establish the purchase price, if any, and form of payment for
Restricted Stock; provided, however, that if a purchase price is charged, such
purchase price shall be no less than the par value of the Shares to be purchased, unless otherwise
permitted by applicable law. In all cases, legal consideration shall be required for each issuance
of Restricted Stock to the extent required by applicable law.

8.2 Rights as Stockholders. Subject to Section 8.4 hereof, upon issuance of
Restricted Stock, the Participant shall have, unless otherwise provided by the Administrator, all
the rights of a stockholder with respect to said shares, subject to the restrictions in an
applicable
Program or in the applicable Award Agreement, including the right to receive dividends and
other distributions paid or made with respect to the shares; provided, however,
that, in the sole discretion of the Administrator, any extraordinary distributions with respect to
the Shares shall be subject to the restrictions set forth in Section 8.3 hereof.

8.3 Restrictions. All shares of Restricted Stock (including any shares received by
Participants thereof with respect to shares of Restricted Stock as a result of stock dividends,
stock splits or any other form of recapitalization) shall, in the terms of an applicable Program or
in the applicable Award Agreement, be subject to such restrictions and vesting requirements as the
Administrator shall provide. Such restrictions may include, without limitation, restrictions
concerning voting rights and transferability and such restrictions may lapse separately or in
combination at such times and pursuant to such circumstances or based on such criteria as selected
by the Administrator, including, without limitation, criteria based on the Participant’s duration
of employment or directorship with the Company, the Performance Criteria, Company or Affiliate
performance, individual performance or other criteria selected by the Administrator. Restricted
Stock may not be sold or encumbered until all restrictions are terminated or expire.

8.4 Repurchase or Forfeiture of Restricted Stock. If no price was paid by the
Participant for the Restricted Stock, upon a Termination of Service, the Participant’s rights in
unvested Restricted Stock then subject to restrictions shall lapse, and such Restricted Stock shall
be surrendered to the Company and cancelled without consideration. If a price was paid by the
Participant for the Restricted Stock, upon a Termination of Service, the Company shall have the
right to repurchase from the Participant the unvested Restricted Stock then subject to restrictions
at a cash price per share equal to the price paid by the Participant for such Restricted Stock or
such other amount as may be specified in an applicable Program or the applicable Award Agreement.
The Administrator in its sole discretion may provide that, upon certain events, including without
limitation a Change in Control, the Participant’s death, retirement or disability, any other
specified Termination of Service or any other event, the Participant’s rights in unvested
Restricted Stock shall not lapse, such Restricted Stock shall vest and cease to be forfeitable and,
if applicable, the Company cease to have a right of repurchase.

 

15

 

8.5 Certificates for Restricted Stock. Restricted Stock granted pursuant to the Plan
may be evidenced in such manner as the Administrator shall determine. Certificates or book entries
evidencing shares of Restricted Stock must include an appropriate legend referring to the terms,
conditions, and restrictions applicable to such Restricted Stock, and the Company may, in it sole
discretion, retain physical possession of any stock certificate until such time as all applicable
restrictions lapse.

8.6 Section 83(b) Election. If a Participant makes an election under Section 83(b) of
the Code to be taxed with respect to the Restricted Stock as of the date of transfer of the
Restricted Stock rather than as of the date or dates upon which the Participant would
otherwise be taxable under Section 83(a) of the Code, the Participant shall be required to deliver
a copy of such election to the Company promptly after filing such election with the Internal
Revenue Service.

ARTICLE 9.

DIVIDEND EQUIVALENTS, STOCK PAYMENTS, DEFERRED STOCK,

RESTRICTED STOCK UNITS; PERFORMANCE SHARE AWARDS,

OTHER INCENTIVE AWARDS

9.1 Dividend Equivalents.

(a) Subject to Section 9.1(b) hereof, Dividend Equivalents may be granted by the
Administrator, either alone or in tandem with another Award, based on dividends declared on the
Common Stock, to be credited as of dividend payment dates during the period between the date the
Dividend Equivalents are granted to a Participant and the date such Dividend Equivalents terminate
or expire, as determined by the Administrator. Such Dividend Equivalents shall be converted to
cash or additional shares of Common Stock by such formula and at such time and subject to such
limitations as may be determined by the Administrator. In addition, Dividend Equivalents with
respect to Shares covered by an Award shall only be paid out to the Participant at the same time or
times and to the same extent that the vesting conditions, if any, are subsequently satisfied and
the Award vests with respect to such Shares.

(b) Notwithstanding the foregoing, no Dividend Equivalents shall be payable with respect to
Options or Stock Appreciation Rights, unless otherwise determined by the Administrator.

9.2 Stock Payments. The Administrator is authorized to make one or more Stock
Payments to any Eligible Individual. The number or value of shares of any Stock Payment shall be
determined by the Administrator and may be based upon one or more Performance Criteria or any other
specific criteria, including service to the Company or any Affiliate, determined by the
Administrator. Stock Payments may, but are not required to be made in lieu of base salary, bonus,
fees or other cash compensation otherwise payable to such Eligible Individual.

 

16

 

9.3 Deferred Stock. The Administrator is authorized to grant Deferred Stock to any
Eligible Individual. The number of shares of Deferred Stock shall be determined by the
Administrator and may be based on one or more Performance Criteria or other specific criteria,
including service to the Company or any Affiliate, as the Administrator determines, in each case on
a specified date or dates or over any period or periods determined by the Administrator,
subject to compliance with Section 409A of the Code or an exemption therefrom. Shares
underlying a Deferred Stock Award which is subject to a vesting schedule or other conditions or
criteria set by the Administrator will not be issued until those conditions have been satisfied.
Unless otherwise provided by the Administrator, a holder of Deferred Stock shall have no rights as
a Company stockholder with respect to such Deferred Stock until such time as the Award has vested
and the Shares underlying the Award have been issued to the Participant.

9.4 Restricted Stock Units. The Administrator is authorized to grant Restricted Stock
Units to any Eligible Individual. The number and terms and conditions of Restricted Stock Units
shall be determined by the Administrator. The Administrator shall specify the date or dates on
which the Restricted Stock Units shall become fully vested and nonforfeitable, and may specify such
conditions to vesting as it deems appropriate, including conditions based on one or more
Performance Criteria or other specific criteria, including service to the Company or any Affiliate,
in each case on a specified date or dates or over any period or periods, as determined by the
Administrator. The Administrator shall specify, or permit the Participant to elect, the conditions
and dates upon which the Shares underlying the Restricted Stock Units which shall be issued, which
dates shall not be earlier than the date as of which the Restricted Stock Units vest and become
nonforfeitable and which conditions and dates shall be subject to compliance with Section 409A of
the Code or an exemption therefrom. On the distribution dates, the Company shall issue to the
Participant one unrestricted, fully transferable Share (or the Fair Market Value of one such Share
in cash) for each vested and nonforfeitable Restricted Stock Unit.

9.5 Performance Share Awards. Any Eligible Individual selected by the Administrator
may be granted one or more Performance Share Awards which shall be denominated in a number of
Shares and the vesting of which may be linked to any one or more of the Performance Criteria, other
specific performance criteria (in each case on a specified date or dates or over any period or
periods determined by the Administrator) and/or time-vesting or other criteria, as determined by
the Administrator.

9.6 Other Incentive Awards. The Administrator is authorized to grant Other Incentive
Awards to any Eligible Individual, which Awards may cover Shares or the right to purchase Shares or
have a value derived from the value of, or an exercise or conversion privilege at a price related
to, or that are otherwise payable in or based on, Shares, shareholder value or shareholder return,
in each case on a specified date or dates or over any period or periods determined by the
Administrator. Other Incentive Awards may be linked to any one or more of the Performance Criteria
or other specific performance criteria determined appropriate by the Administrator.

9.7 Cash Settlement. Without limiting the generality of any other provision of the
Plan, the Administrator may provide, in an Award Agreement or subsequent to the grant of an Award,
in its discretion, that any Award may be settled in cash, Shares or a combination thereof.

 

17

 

9.8 Other Terms and Conditions. All applicable terms and conditions of each Award
described in this Article 9, including without limitation, as applicable, the term, vesting and
exercise/purchase price applicable to the Award, shall be set by the Administrator in its sole
discretion, provided, however, that the value of the consideration paid by a
Participant for an Award shall not be less than the par value of a Share, unless otherwise
permitted by applicable law.

9.9 Exercise upon Termination of Service. Awards described in this Article 9 are
exercisable or distributable, as applicable, only while the Participant is an Employee or a
Director, as applicable. The Administrator, however, in its sole discretion, may provide that such
Award may be exercised or distributed subsequent to a Termination of Service as provided under an
applicable Program, Award Agreement, payment deferral election and/or in certain events, including
a Change in Control, the Participant’s death, retirement or disability or any other specified
Termination of Service.

ARTICLE 10.

STOCK APPRECIATION RIGHTS

10.1 Grant of Stock Appreciation Rights.

(a) The Administrator is authorized to grant Stock Appreciation Rights to Eligible Individuals
from time to time, in its sole discretion, on such terms and conditions as it may determine
consistent with the Plan.

(b) A Stock Appreciation Right shall entitle the Participant (or other person entitled to
exercise the Stock Appreciation Right pursuant to the Plan) to exercise all or a specified portion
of the Stock Appreciation Right (to the extent then exercisable pursuant to its terms) and to
receive from the Company an amount determined by multiplying the difference obtained by subtracting
the exercise price per share of the Stock Appreciation Right from the Fair Market Value on the date
of exercise of the Stock Appreciation Right by the number of Shares with respect to which the Stock
Appreciation Right shall have been exercised, subject to any limitations the Administrator may
impose. Except as described in Section 10.1(c) hereof, the exercise price per Share subject to
each Stock Appreciation Right shall be set by the Administrator, but shall not be less than 100% of
the Fair Market Value on the date the Stock Appreciation Right is granted.

(c) Notwithstanding the foregoing provisions of Section 10.1(b) hereof to the contrary, in the
case of a Stock Appreciation Right that is a Substitute Award, the price per share of the shares
subject to such Stock Appreciation Right may be less than the Fair Market Value per share on the
date of grant; provided, however, that the excess of: (a) the aggregate Fair Market
Value (as of the date such Substitute Award is granted) of the Shares subject to the Substitute
Award, over (b) the aggregate exercise price thereof does not exceed the excess of: (x) the
aggregate Fair Market Value (as of the time immediately preceding the transaction giving rise to
the Substitute Award) of the shares of the predecessor entity that were subject to the grant
assumed or substituted for by the Company, over (y) the aggregate exercise price of such shares.

 

18

 

10.2 Stock Appreciation Right Vesting.

(a) The Administrator shall determine the period during which a Participant shall vest in a
Stock Appreciation Right and have the right to exercise such Stock Appreciation
Right in whole or
in part. Such vesting may be based on service with the Company or any Affiliate, or any other
criteria selected by the Administrator. At any time after grant of a Stock Appreciation Right, the
Administrator may, in its sole discretion and subject to whatever terms and conditions it selects,
accelerate the period during which a Stock Appreciation Right vests.

(b) No portion of a Stock Appreciation Right which is unexercisable at Termination of Service
shall thereafter become exercisable, except as may be otherwise provided by the Administrator
either in an applicable Program or Award Agreement or by action of the Administrator following the
grant of the Stock Appreciation Right.

10.3 Manner of Exercise. All or a portion of an exercisable Stock Appreciation Right
shall be deemed exercised upon delivery of all of the following to the stock administrator of the
Company, or such other person or entity designated by the Administrator, or his, her or its office,
as applicable:

(a) A written or electronic notice complying with the applicable rules established by the
Administrator stating that the Stock Appreciation Right, or a portion thereof, is exercised. The
notice shall be signed by the Participant or other person then-entitled to exercise the Stock
Appreciation Right or such portion of the Stock Appreciation Right;

(b) Such representations and documents as the Administrator, in its sole discretion, deems
necessary or advisable to effect compliance with all applicable provisions of the Securities Act
and any other federal, state or foreign securities laws or regulations. The Administrator may, in
its sole discretion, also take whatever additional actions it deems appropriate to effect such
compliance; and

(c) In the event that the Stock Appreciation Right shall be exercised pursuant to this Section
10.3 by any person or persons other than the Participant, appropriate proof of the right of such
person or persons to exercise the Stock Appreciation Right.

10.4 Stock Appreciation Right Term. The term of each Stock Appreciation Right shall
be set by the Administrator in its sole discretion; provided, however, that the
term shall not be more than ten (10) years and one (1) day from the date the Stock Appreciation
Right is granted. The Administrator shall determine the time period, including the time period
following a Termination of Service, during which the Participant has the right to exercise any
vested Stock Appreciation Rights, which time period may not extend beyond the expiration date of
the Stock Appreciation Right term. Except as limited by the requirements of Section 409A of the
Code, the Administrator may extend the term of any outstanding Stock Appreciation Right, and may
extend the time period during which vested Stock Appreciation Rights may be exercised in connection
with any Termination of Service of the Participant, and, subject to Section 13.1 hereof, may amend
any other term or condition of such Stock Appreciation Right relating to such a Termination of
Service.

 

19

 

ARTICLE 11.

ADDITIONAL TERMS OF AWARDS

11.1 Payment. The Administrator shall determine the methods by which payments by any
Participant with respect to any Awards granted under the Plan shall be made, including, without
limitation: (a) cash or check, (b) Shares (including, in the case of payment of the exercise price
of an Award, Shares issuable pursuant to the exercise of the Award) held for such period of time as
may be required by the Administrator in order to avoid adverse accounting consequences, in each
case, having a Fair Market Value on the date of delivery equal to the aggregate payments required,
(c) delivery of a written or electronic notice that the Participant has placed a market sell order
with a broker with respect to Shares then issuable upon exercise or vesting of an Award, and that
the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the
Company in satisfaction of the aggregate payments required; provided, however, that
payment of such proceeds is then made to the Company upon settlement of such sale, or (d) other
form of legal consideration acceptable to the Administrator. The Administrator shall also
determine the methods by which Shares shall be delivered or deemed to be delivered to Participants.
Notwithstanding any other provision of the Plan to the contrary, no Participant who is a Director
or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act
shall be permitted to make payment with respect to any Awards granted under the Plan, or continue
any extension of credit with respect to such payment with a loan from the Company or a loan
arranged by the Company in violation of Section 13(k) of the Exchange Act.

11.2 Tax Withholding. The Company and its Affiliates shall have the authority and the
right to deduct or withhold, or require a Participant to remit to the Company or an Affiliate, an
amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant’s
social security, Medicare and any other employment tax obligation) required by law to be withheld
with respect to any taxable event concerning a Participant arising as a result of the Plan. The
Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a
Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuable under
an Award (or allow the surrender of Shares). Unless determined otherwise by the Administrator, the
number of Shares which may be so withheld or surrendered shall be limited to the number of shares
which have a Fair Market Value on the date of withholding or repurchase no greater than the
aggregate amount of such liabilities based on the minimum statutory withholding rates or federal,
state, local and foreign income tax and payroll tax purposes that are applicable to such
supplemental taxable income. The Administrator shall determine the fair market value of the
Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in
connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving
the sale of shares to pay the Option or Stock Appreciation Right exercise price or any tax
withholding obligation.

 

20

 

11.3 Transferability of Awards.

(a) Except as otherwise provided in Section 11.3(b) or (c) hereof:

(i) No Award under the Plan may be sold, pledged, assigned or transferred in any manner other
than by will or the laws of descent and distribution or, subject to the consent of the
Administrator, pursuant to a DRO, unless and until such Award has been exercised, or the shares
underlying such Award have been issued, and all restrictions applicable to such shares have lapsed;

(ii) No Award or interest or right therein shall be liable for the debts, contracts or
engagements of the Participant or his successors in interest or shall be subject to disposition by
transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other
means whether such disposition be voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy)
unless and until such Award has been exercised, or the Shares underlying such Award have been
issued, and all restrictions applicable to such Shares have lapsed, and any attempted disposition
of an Award prior to the satisfaction of these conditions shall be null and void and of no effect,
except to the extent that such disposition is permitted by clause (i) of this provision; and

(iii) During the lifetime of the Participant, only the Participant may exercise an Award (or
any portion thereof) granted to him under the Plan, unless it has been disposed of pursuant to a
DRO; after the death of the Participant, any exercisable portion of an Award may, prior to the time
when such portion becomes unexercisable under the Plan or the applicable Program or Award
Agreement, be exercised by his personal representative or by any person empowered to do so under
the deceased Participant’s will or under the then applicable laws of descent and distribution.

(b) Notwithstanding Section 11.3(a) hereof, the Administrator, in its sole discretion, may
determine to permit a Participant or a Permitted Transferee of such Participant to transfer an
Award other than an Incentive Stock Option to any one or more Permitted Transferees of such
Participant, subject to the following terms and conditions: (i) an Award transferred to a Permitted
Transferee shall not be assignable or transferable by the Permitted Transferee (other to another
Permitted Transferee of the applicable Participant) other than by will or the laws of descent and
distribution; (ii) an Award transferred to a Permitted Transferee shall continue to be subject to
all the terms and conditions of the Award as applicable to the original Participant (other than the
ability to further transfer the Award); and (iii) the Participant (or transferring Permitted
Transferee) and the Permitted Transferee shall execute any and all documents requested by the
Administrator, including without limitation, documents to (A) confirm the status of the transferee
as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under
applicable federal, state and foreign securities laws and (C) evidence the transfer.

 

21

 

(c) Notwithstanding Section 11.3(a) hereof, a Participant may, in the manner determined by the
Administrator, designate a beneficiary to exercise the rights of the Participant and to receive any
distribution with respect to any Award upon the Participant’s death. A beneficiary, legal
guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject
to all terms and conditions of the Plan and any Program or Award Agreement applicable to the
Participant, except to the extent the Plan, the Program and the Award Agreement otherwise provide,
and to any additional restrictions deemed necessary or appropriate
by the Administrator. If the
Participant is married or a domestic partner in a domestic partnership qualified under applicable
law and resides in a “community property” state, a designation of a person other than the
Participant’s spouse or domestic partner, as applicable, as his or her beneficiary with respect to
more than 50% of the Participant’s interest in the Award shall not be effective without the prior
written or electronic consent of the Participant’s spouse or domestic partner; provided
that such consent is required by applicable state law. If no beneficiary has been designated or
survives the Participant, payment shall be made to the person entitled thereto pursuant to the
Participant’s will or the laws of descent and distribution. Subject to the foregoing, a
beneficiary designation may be changed or revoked by a Participant at any
time provided the change or revocation is filed with the Administrator prior to the
Participant’s death.

11.4 Conditions to Issuance of Shares.

(a) Notwithstanding anything herein to the contrary, neither the Company nor its Affiliates
shall be required to issue or deliver any certificates or make any book entries evidencing Shares
pursuant to the exercise of any Award, unless and until the Administrator has determined, with
advice of counsel, that the issuance of such Shares is in compliance with all applicable laws,
regulations of governmental authorities and, if applicable, the requirements of any exchange on
which the Shares are listed or traded, and the Shares are covered by an effective registration
statement or applicable exemption from registration. In addition to the terms and conditions
provided herein, the Administrator may require that a Participant make such reasonable covenants,
agreements, and representations as the Administrator, in its discretion, deems advisable in order
to comply with any such laws, regulations, or requirements.

(b) All Share certificates delivered pursuant to the Plan and all shares issued pursuant to
book entry procedures are subject to any stop-transfer orders and other restrictions as the
Administrator deems necessary or advisable to comply with federal, state, or foreign securities or
other laws, rules and regulations and the rules of any securities exchange or automated quotation
system on which the Shares are listed, quoted, or traded. The Administrator may place legends on
any Share certificate or book entry to reference restrictions applicable to the Shares.

(c) The Administrator shall have the right to require any Participant to comply with any
timing or other restrictions with respect to the settlement, distribution or exercise of any Award,
including a window-period limitation, as may be imposed in the sole discretion of the
Administrator.

(d) No fractional Shares shall be issued and the Administrator shall determine, in its sole
discretion, whether cash shall be given in lieu of fractional shares or whether such fractional
shares shall be eliminated by rounding down.

(e) Notwithstanding any other provision of the Plan, unless otherwise determined by the
Administrator or required by any applicable law, rule or regulation, the Company and/or its
Affiliates may, in lieu of delivering to any Participant certificates evidencing Shares issued in
connection with any Award, record the issuance of Shares in the books of the Company (or, as
applicable, its transfer agent or stock plan administrator).

 

22

 

11.5 Forfeiture Provisions. Pursuant to its general authority to determine the terms
and conditions applicable to Awards under the Plan, the Administrator shall have the right to
provide, in the terms of Awards made under the Plan, or to require a Participant to agree by
separate written or electronic instrument, that: (a)(i) any proceeds, gains or other economic
benefit actually or constructively received by the Participant upon any receipt or exercise of the
Award, or upon the receipt or resale of any Shares underlying the Award, must be paid to the
Company, and (ii) the Award shall terminate and any unexercised portion of the Award (whether or
not vested) shall be forfeited, if (b)(i) a Termination of Service occurs prior to a specified
date, or within a specified time period following receipt or exercise of the Award, or (ii) the
Participant at any time, or during a specified time period, engages in any activity in competition
with the Company, or which is inimical, contrary or harmful to the interests of the Company, as
further defined by the Administrator or (iii) the Participant incurs a Termination of Service for
Cause.

11.6 Repricing. Subject to Section 13.2 hereof, the Administrator shall not, without
the approval of the stockholders of the Company, (i) authorize the amendment of any outstanding
Option or Stock Appreciation Right to reduce its price per share, or (ii) cancel any Option or
Stock Appreciation Right in exchange for cash or another Award when the Option or Stock
Appreciation Right price per share exceeds the Fair Market Value of the underlying Shares. Subject
to Section 13.2 hereof, the Administrator shall have the authority, without the approval of the
stockholders of the Company, to amend any outstanding Award to increase the price per share or to
cancel and replace an Award with the grant of an Award having a price per share that is greater
than or equal to the price per share of the original Award.

ARTICLE 12.

ADMINISTRATION

12.1 Administrator. The Committee (or another committee or a subcommittee of the
Board assuming the functions of the Committee under the Plan) shall administer the Plan (except as
otherwise permitted herein) and, unless otherwise determined by the Board, shall consist solely of
two or more Non-Employee Directors appointed by and holding office at the pleasure of the Board,
each of whom is intended to qualify as a “non-employee director” as defined by Rule 16b-3 of the
Exchange Act, an “outside director” for purposes of Section 162(m) of the Code and an “independent
director” under the rules of any securities exchange or automated quotation system on which the
Shares are listed, quoted or traded, in each case, to the extent required under such provision;
provided, however, that any action taken by the Committee shall be valid and
effective, whether or not members of the Committee at the time of such action are later determined
not to have satisfied the requirements for membership set forth in this Section 12.l or otherwise
provided in any charter of the Committee. Except as may otherwise be
provided in any charter of the Committee, appointment of Committee members shall be effective
upon acceptance of appointment. Committee members may resign at any time by delivering written or
electronic notice to the Board. Vacancies in the Committee may only be filled by the Board.
Notwithstanding the foregoing, (a) the full Board, acting by a majority of its members in office,
shall conduct the general administration of the Plan with respect to Awards granted to Non-Employee
Directors and (b) the Board or Committee may delegate its authority hereunder to the extent
permitted by Section 12.6 hereof.

 

23

 

12.2 Duties and Powers of Administrator. It shall be the duty of the Administrator to
conduct the general administration of the Plan in accordance with its provisions. The
Administrator shall have the power to interpret the Plan and all Programs and Award Agreements, and
to adopt such rules for the administration, interpretation and application of the Plan and any
Program as are not inconsistent with the Plan, to interpret, amend or revoke any such rules and to
amend any Program or Award Agreement provided that the rights or obligations of the holder of the
Award that is the subject of any such Program or Award Agreement are not affected adversely by such
amendment, unless the consent of the Participant is obtained or such amendment is otherwise
permitted under Section 13.10 hereof. Any such grant or award under the Plan need not be the same
with respect to each Participant. Any such interpretations and rules with respect to Incentive
Stock Options shall be consistent with the provisions of Section 422 of the Code. In its sole
discretion, the Board may at any time and from time to time exercise any and all rights and duties
of the Committee under the Plan except with respect to matters which under Rule 16b-3 under the
Exchange Act, Section 162(m) of the Code, or the rules of any securities exchange or automated
quotation system on which the Shares are listed, quoted or traded are required to be determined in
the sole discretion of the Committee.

12.3 Action by the Committee. Unless otherwise established by the Board or in any
charter of the Committee, a majority of the Committee shall constitute a quorum and the acts of a
majority of the members present at any meeting at which a quorum is present, and acts approved in
writing by all members of the Committee in lieu of a meeting, shall be deemed the acts of the
Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report
or other information furnished to that member by any officer or other employee of the Company or
any Affiliate, the Company’s independent certified public accountants, or any executive
compensation consultant or other professional retained by the Company to assist in the
administration of the Plan.

12.4 Authority of Administrator. Subject to any specific designation in the Plan, the
Administrator has the exclusive power, authority and sole discretion to:

(a) Designate Eligible Individuals to receive Awards;

(b) Determine the type or types of Awards to be granted to each Eligible Individual;

(c) Determine the number of Awards to be granted and the number of Shares to which an Award
will relate;

(d) Determine the terms and conditions of any Award granted pursuant to the Plan,
including, but not limited to, the exercise price, grant price, or purchase price, any
performance criteria, any restrictions or limitations on the Award, any schedule for vesting,
lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and
accelerations or waivers thereof, and any provisions related to non-competition and recapture of
gain on an Award, based in each case on such considerations as the Administrator in its sole
discretion determines;

 

24

 

(e) Determine whether, to what extent, and pursuant to what circumstances an Award may be
settled in, or the exercise price of an Award may be paid in cash, Shares, other Awards, or
other property, or an Award may be canceled, forfeited, or surrendered;

(f) Prescribe the form of each Award Agreement, which need not be identical for each
Participant;

(g) Decide all other matters that must be determined in connection with an Award;

(h) Establish, adopt, or revise any rules and regulations as it may deem necessary or
advisable to administer the Plan;

(i) Interpret the terms of, and any matter arising pursuant to, the Plan, any Program or
any Award Agreement;

(j) Make all other decisions and determinations that may be required pursuant to the Plan
or as the Administrator deems necessary or advisable to administer the Plan; and

(k) Establish a Program or Programs under the Plan, as may be adopted or amended from time
to time.

12.5 Decisions Binding. The Administrator’s interpretation of the Plan, any Awards
granted pursuant to the Plan, any Program, any Award Agreement and all decisions and
determinations by the Administrator with respect to the Plan are final, binding and conclusive
on all parties.

12.6 Delegation of Authority. To the extent permitted by applicable law or the rules
of any securities exchange or automated quotation system on which the Shares are listed, quoted or
traded, the Board or Committee may from time to time delegate to a committee of one or more members
of the Board or one or more officers of the Company the authority to grant or amend Awards or to
take other administrative actions pursuant to this Article 12; provided, however,
that in no event shall an officer of the Company be delegated the authority to grant awards to, or
amend awards held by the following individuals: (a) individuals who are subject to Section 16 of
the Exchange Act, (b) Covered Employees with respect to Awards intended to constitute
Performance-Based Compensation, or (c) officers of the Company (or Directors) to whom authority to
grant or amend Awards has been delegated hereunder; provided further, that any
delegation of administrative authority shall only be permitted to the extent it is permissible
under Section 162(m) of the Code and applicable securities laws or the rules of any securities
exchange or automated quotation system on which the Shares are listed, quoted or traded. Any
delegation hereunder shall be subject to the restrictions and limits that the Board or the
Committee specifies at the time of such delegation, and the Board may at any time rescind the
authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under
this Section 12.6 shall serve in such capacity at the pleasure of the Board and the Committee.

 

25

 

ARTICLE 13.

MISCELLANEOUS PROVISIONS

13.1 Amendment, Suspension or Termination of the Plan. Except as otherwise provided
in this Section 13.1, the Plan may be wholly or partially amended or otherwise modified, suspended
or terminated at any time or from time to time by the Board. However, without approval of the
Company’s stockholders given within twelve (12) months before or after the action by the
Administrator, no action of the Administrator may, except as provided in Section 13.2 hereof, (i)
increase the Share Limit, (ii) reduce the price per share of any outstanding Option or Stock
Appreciation Right granted under the Plan, or (iii) cancel any Option or Stock Appreciation Right
in exchange for cash or another Award in violation of Section 11.6 hereof. Except as provided in
Section 13.10 hereof, no amendment, suspension or termination of the Plan shall, without the
consent of the Participant, impair any rights or obligations under any Award theretofore granted or
awarded, unless the Award itself otherwise expressly so provides. No Awards may be granted or
awarded during any period of suspension or after termination of the Plan, and in no event may any
Award be granted under the Plan after the tenth (10th) anniversary of the Effective
Date.

13.2 Changes in Common Stock or Assets of the Company, Acquisition or Liquidation of the
Company and Other Corporate Events.

(a) In the event of any stock dividend, stock split, combination or exchange of shares,
merger, consolidation or other distribution (other than normal cash dividends) of Company assets to
stockholders, or any other change affecting the shares of the Company’s stock or the share price of
the Company’s stock other than an Equity Restructuring, the Administrator shall make equitable
adjustments, if any, to reflect such change with respect to (i) the aggregate number and kind of
shares that may be issued under the Plan (including, but not limited to, adjustments of the Share
Limit and Individual Award Limit); (ii) the number and kind of shares of Common Stock (or other
securities or property) subject to outstanding Awards; (iii) the terms and conditions of any
outstanding Awards (including, without limitation, any applicable performance targets or criteria
with respect thereto); and/or (iv) the grant or exercise price per share for any outstanding Awards
under the Plan. Any adjustment affecting an Award intended as Performance-Based Compensation shall
be made consistent with the requirements of Section 162(m) of the Code unless otherwise determined
by the Administrator.

(b) In the event of any transaction or event described in Section 13.2(a) hereof or any
unusual or nonrecurring transactions or events affecting the Company, any Affiliate of the Company,
or the financial statements of the Company or any Affiliate, or of changes in applicable laws,
regulations or accounting principles, the Administrator, in its sole discretion, and on such terms
and conditions as it deems appropriate, either by the terms of the Award or by action taken prior
to the occurrence of such transaction or event and either automatically or upon the Participant’s
request, is hereby authorized to take any one or more of the following actions whenever the
Administrator determines that such action is appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan or
with respect to any Award under the Plan, to facilitate such transactions or events or to give
effect to such changes in laws, regulations or principles:

 

26

 

(i) To provide for either (A) termination of any such Award in exchange for an amount of cash,
if any, equal to the amount that would have been attained upon the exercise of such Award or
realization of the Participant’s rights (and, for the avoidance of doubt, if as of the date of the
occurrence of the transaction or event described in this Section 13.2, the Administrator determines
in good faith that no amount would have been attained upon the exercise of such Award or
realization of the Participant’s rights, then such Award may be terminated by the Company without
payment) or (B) the replacement of such Award with other rights or property selected by the
Administrator in its sole discretion having an aggregate value not exceeding the amount that could
have been attained upon the exercise of such Award or realization of the Participant’s rights had
such Award been currently exercisable or payable or fully vested;

(ii) To provide that such Award be assumed by the successor or survivor corporation, or a
parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards
covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof,
with appropriate adjustments as to the number and kind of shares and prices;

(iii) To make adjustments in the number and type of securities subject to outstanding Awards
and Awards which may be granted in the future and/or in the terms, conditions and criteria included
in such Awards (including the grant or exercise price, as applicable);

(iv) To provide that such Award shall be exercisable or payable or fully vested with respect
to all securities covered thereby, notwithstanding anything to the contrary in the Plan or an
applicable Program or Award Agreement; and

(v) To provide that the Award cannot vest, be exercised or become payable after such event.

(c) In connection with the occurrence of any Equity Restructuring, and notwithstanding
anything to the contrary in Sections 13.2(a) and 13.2(b) hereof:

(i) The number and type of securities subject to each outstanding Award and/or the exercise
price or grant price thereof, if applicable, shall be equitably adjusted. The adjustment provided
under this Section 13.2(c)(i) shall be nondiscretionary and shall be final and binding on the
affected Participant and the Company.

(ii) The Administrator shall make such equitable adjustments, if any, as the Administrator in
its discretion may deem appropriate to reflect such Equity Restructuring with respect to the
aggregate number and kind of shares that may be issued under the Plan (including, but not limited
to, adjustments to the Share Limit and the Individual Award Limit). The adjustments provided under
this Section 13.2(c) shall be nondiscretionary and shall be final and binding on the affected
Participant and the Company.

(d) Change in Control.

 

27

 

(i) Notwithstanding any other provision of the Plan, in the event of a Change in Control, each
outstanding Award shall be assumed or an equivalent Award substituted by the successor corporation
or a parent or subsidiary of the successor corporation. For the purposes of this Section
13.2(d)(i), an Award shall be considered assumed or substituted if, following the Change in
Control, the assumed or substituted Award confers the right to purchase
or receive, for each share of Common Stock subject to the Award immediately prior to the
Change in Control, the consideration (whether stock, cash, or other securities or property)
received in the Change in Control by holders of Common Stock for each Share held on the effective
date of the 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 Change in Control was not solely common
stock of the successor corporation or its parent, the Administrator may, with the consent of the
successor corporation, provide for the consideration to be received upon the exercise of the
assumed or substituted Award, for each share of Common Stock subject to such Award, to be solely
common stock of the successor corporation or its parent equal in fair market value to the per share
consideration received by holders of Common Stock in the Change in Control.

(ii) In the event that the successor corporation in a Change in Control and its parents and
subsidiaries refuse to assume or substitute for any Award in accordance with Section 13.2(d)(i)
hereof, each such non-assumed/substituted Award shall become fully vested and, as applicable,
exercisable and shall be deemed exercised, immediately prior to the consummation of such
transaction, and all forfeiture restrictions on any or all such Awards shall lapse at such time.
If an Award vests and, as applicable, is exercised in lieu of assumption or substitution in
connection with a Change in Control, the Administrator shall notify the Participant of such vesting
and any applicable exercise, and the Award shall terminate upon the Change in Control. For the
avoidance of doubt, if the value of an Award that is terminated in connection with this Section
13.2(d)(ii) is zero or negative at the time of such Change in Control, such Award shall be
terminated upon the Change in Control without payment of consideration therefor.

(e) The Administrator may, in its sole discretion, include such further provisions and
limitations in any Award, agreement or certificate, as it may deem equitable and in the best
interests of the Company that are not inconsistent with the provisions of the Plan.

(f) With respect to Awards which are granted to Covered Employees and are intended to qualify
as Performance-Based Compensation, no adjustment or action described in this Section 13.2 or in any
other provision of the Plan shall be authorized to the extent that such adjustment or action would
cause such Award to fail to so qualify as Performance-Based Compensation, unless the Administrator
determines that the Award should not so qualify. No adjustment or action described in this Section
13.2 or in any other provision of the Plan shall be authorized to the extent that such adjustment
or action would cause the Plan to violate Section 422(b)(1) of the Code. Furthermore, no such
adjustment or action shall be authorized with respect to any Award to the extent such adjustment or
action would result in short-swing profits liability under Section 16 or violate the exemptive
conditions of Rule 16b-3 unless the Administrator determines that the Award is not to comply with
such exemptive conditions.

 

28

 

(g) The existence of the Plan, the Program, the Award Agreement and the Awards granted
hereunder shall not affect or restrict in any way the right or power of the Company or the
stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization
or other change in the Company’s capital structure or its business, any merger or consolidation of
the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds,
debentures, preferred or prior preference stocks whose rights are superior to or affect the Common
Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the
dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets
or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

(h) No action shall be taken under this Section 13.2 which shall cause an Award to fail to
comply with Section 409A of the Code or an exemption therefrom, in either case, to the extent
applicable to such Award, unless the Administrator determines any such adjustments to be
appropriate.

(i) In the event of any pending stock dividend, stock split, combination or exchange of
shares, merger, consolidation or other distribution (other than normal cash dividends) of Company
assets to stockholders, or any other change affecting the shares of Common Stock or the share price
of the Common Stock including any Equity Restructuring, for reasons of administrative convenience,
the Company in its sole discretion may refuse to permit the exercise of any Award during a period
of thirty (30) days prior to the consummation of any such transaction.

13.3 Approval of Plan by Stockholders. The Plan will be submitted for the approval of
the Company’s stockholders within twelve (12) months after the date of the Board’s initial adoption
of the Plan.

13.4 No Stockholders Rights. Except as otherwise provided herein or in an Award
Agreement, a Participant shall have none of the rights of a stockholder with respect to shares of
Common Stock covered by any Award until the Participant becomes the record owner of such shares of
Common Stock.

13.5 Paperless Administration. In the event that the Company establishes, for itself
or using the services of a third party, an automated system for the documentation, granting or
exercise of Awards, such as a system using an internet website or interactive voice response, then
the paperless documentation, granting or exercise of Awards by a Participant may be permitted
through the use of such an automated system.

13.6 Effect of Plan upon Other Compensation Plans. Except as set forth in Section
3.1(a) above, the adoption of the Plan shall not affect any other compensation or incentive plans
in effect for the Company or any Affiliate. Nothing in the Plan shall be construed to limit the
right of the Company or any Affiliate: (a) to establish any other forms of incentives or
compensation for Employees or Directors of the Company or any Affiliate, or (b) to grant or assume
options or other rights or awards otherwise than under the Plan in connection with any proper
corporate purpose including without limitation, the grant or assumption of options in connection
with the acquisition by purchase, lease, merger, consolidation or otherwise, of the
business, stock
or assets of any corporation, partnership, limited liability company, firm or association.

 

29

 

13.7 Compliance with Laws. The Plan, the granting and vesting of Awards under the
Plan and the issuance and delivery of Shares and the payment of money under the Plan or under
Awards granted or awarded hereunder are subject to compliance with all applicable federal, state,
local and foreign laws, rules and regulations (including but not limited to state, federal and
foreign securities law and margin requirements), the rules of any securities exchange or automated
quotation system on which the Shares are listed, quoted or traded, and to such approvals by any
listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be
necessary or advisable in connection therewith. Any securities delivered under the Plan shall be
subject to such restrictions, and the person acquiring such securities shall, if requested by the
Company, provide such assurances and representations to the Company as the Company may deem
necessary or desirable to assure compliance with all applicable legal requirements. To the extent
permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed
amended to the extent necessary to conform to such laws, rules and regulations.

13.8 Titles and Headings, References to Sections of the Code or Exchange Act. The
titles and headings of the sections in the Plan are for convenience of reference only and, in the
event of any conflict, the text of the Plan, rather than such titles or headings, shall control.
References to sections of the Code or the Exchange Act shall include any amendment or successor
thereto.

13.9 Governing Law. The Plan and any agreements hereunder shall be administered,
interpreted and enforced under the internal laws of the State of Nevada without regard to conflicts
of laws thereof.

13.10 Section 409A. To the extent that the Administrator determines that any Award
granted under the Plan is subject to Section 409A of the Code, the Plan, any applicable Program and
the Award Agreement covering such Award shall be interpreted in accordance with Section 409A of the
Code. Notwithstanding any provision of the Plan to the contrary, in the event that,
following the Effective Date, the Administrator determines that any Award may be subject to
Section 409A of the Code, the Administrator may adopt such amendments to the Plan, any applicable
Program and the Award Agreement or adopt other policies and procedures (including amendments,
policies and procedures with retroactive effect), or take any other actions, that the Administrator
determines are necessary or appropriate to avoid the imposition of taxes on the Award under Section
409A of the Code, either through compliance with the requirements of Section 409A of the Code or
with an available exemption therefrom.

13.11 No Rights to Awards. No Eligible Individual or other person shall have any
claim to be granted any Award pursuant to the Plan, and neither the Company nor the Administrator
is obligated to treat Eligible Individuals, Participants or any other persons uniformly.

 

30

 

 13.12 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for
incentive compensation. With respect to any payments not yet made to a Participant pursuant to

an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Participant
any rights that are greater than those of a general creditor of the Company or any Affiliate.

13.13 Indemnification. To the extent allowable pursuant to applicable law, each
member of the Board and any officer or other employee to whom authority to administer any component
of the Plan is delegated shall be indemnified and held harmless by the Company from any loss, cost,
liability, or expense that may be imposed upon or reasonably incurred by such member in connection
with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or
in which he or she may be involved by reason of any action or failure to act pursuant to the Plan
and against and from any and all amounts paid by him or her in satisfaction of judgment in such
action, suit, or proceeding against him or her; provided, however, that he or she
gives the Company an opportunity, at its own expense, to handle and defend the same before he or
she undertakes to handle and defend it on his or her own behalf. The foregoing right of
indemnification shall not be exclusive of any other rights of indemnification to which such persons
may be entitled pursuant to the Company’s Certificate of Incorporation or Bylaws, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

13.14 Relationship to other Benefits. No payment pursuant to the Plan shall be taken
into account in determining any benefits under any pension, retirement, savings, profit sharing,
group insurance, welfare or other benefit plan of the Company or any Affiliate except to the extent
otherwise expressly provided in writing in such other plan or an agreement thereunder.

13.15 Expenses. The expenses of administering the Plan shall be borne by the Company
and its Affiliates.

 

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