Document:

exv10w1

Exhibit 10.1

EMPLOYMENT AGREEMENT

     This Employment Agreement (the “Agreement”) is entered into on April 27, 2009 (the “Effective
Date”) by and between:

     Hangzhou H3C Technologies Co., Ltd., a company with its legal address at 310 Ljuhe Road,
Zhijang Science Park, Hangzhou 310053, P.R. China, the current legal representative being Neal D.
Goldman, (“H3C” or the “Company”), which is a subsidiary of 3Com Corporation (“3Com”); and Dr.
Shusheng Zheng (the “Employee”).

     In consideration of the mutual covenants and promises set forth herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows:

1. Employment.

     The Company hereby agrees to employ the Employee and the Employee hereby accepts employment
with the Company, on the terms and conditions set forth herein. For the period starting on the
Effective Date and extending through July 6, 2009, the Employee shall have the title of Executive
Vice President, 3Com, and Chief Operating Officer, H3C. Starting on July 7, 2009 and continuing
thereafter, the Employee shall have the title of Executive Vice President, 3Com, and Chief
Executive Officer, H3C. The Employee will work primarily out of the Company’s Hangzhou facility.
At the Company’s discretion and subject to the approval of the 3Com Board of Directors, the
Employee may be designated by the Company as a Section 16 officer of 3Com, and thus would be
subject to the reporting requirements of Section 16 of the U.S. Securities Exchange Act of 1934 and
the regulations relating thereto. The Company reserves the right to change the Employee’s title,
responsibilities, reporting relationship, and work location pursuant to the Company’s business
needs and in line with the Employee’s professional, technical or physical abilities and work
performance.

     The Employee understands and agrees that his position with Company is and will be a position
of importance and trust. The Employee further understands and agrees that, in the course of and
due to his employment with H3C, he will develop and/or have access to and responsibility for the
Company’s and 3Com’s business secrets and proprietary and confidential information.

     During the Employee’s period of employment with the Company, the Employee agrees to devote his
full business efforts, time and attention to the business and interests of the Company and the
Employee will fulfill his duties to the best of his abilities. The Employee understands and agrees
to act in accordance with 3Com’s Code of Ethics and Business Conduct as well as all of the other
3Com and H3C corporate guidance and ethics guidelines, conflict of interest policies, and other
policies and practices.

     The Employee hereby warrants that he is not a party to any contract, understanding, agreement
or policy, written or otherwise, that would be breached by the Employee’s entering into, or
performing services under, this Agreement.

2. Term of Employment.

     The Company hereby agrees to employ the Employee, and the Employee agrees to be employed by
the Company, for a period of three (3) years from the Effective Date (the “Employment Term”),
unless terminated earlier in accordance with the provisions below.

 

 

3. Compensation, Leave and Holidays.

     (a) Base Salary. For the period starting on the Effective Date and extending
through July 6, 2009, the Company will pay the Employee a base salary of 2,400,000 RMB
annualized. Starting on July 7, 2009 and continuing thereafter, the Company will pay the
Employee a base salary of 2,950,000 RMB annualized, to be adjusted by the Compensation
Committee from time to time. The Company will pay the base salary periodically in
accordance with H3C’s normal payroll practices, subject to the applicable taxes,
withholdings and deductions. The Employee’s salary shall be subject to periodic review and
adjustment by 3Com.

     (b) Annual Bonus. The Employee will be eligible to participate in 3Com’s
discretionary bonus plan (the “3Bonus Plan”), with an annualized bonus opportunity of
1,600,000 for the period starting on the Effective Date and extending though July 6, 2009,
and an annualized bonus opportunity of 1,966,667 RMB for the period starting on July 7, 2009
and continuing thereafter. Payments under the 3Bonus Plan are discretionary and are based
on various factors, including, but not limited to, H3C and individual performance, and
subject to approval by 3Com. The Company may, at its discretion, take into account such
other factors as it may consider relevant. Except as provided herein and to the extent as
permitted by law, the 3Bonus Plan is and will be subject to amendment or termination at any
time at the Company’s discretion.

     (c) Long-Term Incentive Plan. The Employee will be eligible to participate in a
long-term incentive plan (“LTI Plan”) to be designed by the Company. The provision of
benefits under the LTI Plan will be discretionary and will be based on various factors,
including, but not limited to, the Company and individual performance. The Company may, at
its discretion, take into account such other factors as it may consider relevant. At the
Company’s discretion, benefits under the LTI Plan may be payable in cash or 3Com equity.

     (d) Benefits. The Employee shall be eligible to participate in the H3C benefit
programs that the Company establishes, the coverage and benefit levels of which will be
substantially similar to those the Company makes available to its senior employees. To the
extent as permitted by law, all H3C benefit programs are subject to change, including
termination, at the Company’s discretion. As applicable to the benefit plans for which the
Employee is eligible, and to the extent permitted under the provisions of those plans, the
Employee’s first day of employment with H3C will be used to determine his service period and
the level of benefits for which the Employee is eligible.

     (e) Expenses. The Company will reimburse the Employee for reasonable travel,
entertainment and other expenses incurred by the Employee in the furtherance of the
performance of his duties on behalf of the Company, in accordance with the Company’s
business expense reimbursement policy, subject to amendment at the Company’s discretion.

     (f) Leave and Holiday. The Company will provide the Employee with days of rest,
leave, and public holidays in accordance with applicable laws, regulations, and Company
rules.

     (g) Working Hours. The Employee hereby acknowledges and agrees that because of
the special nature of the Employee’s duties, he is subject to the Flexible Working Hours
System.

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The Employee hereby agrees to provide any assistance necessary for and fully cooperate
with the Company in applications for the Employee to work under the Flexible Working Hours
System.

     (h) Section 16 Officer Benefits. If designated as a Section 16 officer of
3Com, the Employee will be eligible to participate in benefit programs available to the
Company’s Section 16 officers including, without limitation, the Company’s Section 16
Officer Severance Plan (the “Section 16 Plan”). In that event, among other things, the
Employee will receive and be invited to execute a Management Retention Agreement (“MRA”)
confirming his eligibility for severance benefits in the event of a Change of Control of the
Company, as defined under the MRA. Any benefits payable under the Section 16 Plan or the
MRA will be offset and reduced by any severance benefits for which the Employee is eligible
under this Agreement.

4. Termination of Employment.

     Notwithstanding the three-year term of this Agreement, the Employee’s employment with the
Company shall terminate upon the occurrence of any of the following:

     (a) At the election of the Employee with one (1) month’s prior written notice of
termination. In such a case, the Employee shall receive no severance pay or benefits, and
shall not be eligible for any benefits pursuant to the Equity Appreciation Rights Plan
adopted in October 2004 and modified in October 2005 by the H3C Board of Directors (the
“EARP”) other than the shares, if any, already vested pursuant to the terms and conditions
of the EARP;

     (b) Immediately upon the Employee’s death or any other event provided under applicable
law;

     (c) At the election of the Company, if grounds for immediate termination exist pursuant
to applicable law. In such a case, the Company may terminate the Employee’s employment
immediately without notice, and the Employee shall receive no severance pay or benefits, and
shall not be eligible for any benefits pursuant to the EARP other than the shares, if any,
already vested pursuant to the terms and conditions of the EARP;

     (d) At the election of the Company, if grounds for termination with notice exist
pursuant to applicable law. In such a case, the Company may terminate the Employee’s
employment so long as it provides the required written notice of termination or payment in
lieu of such notice. The Employee shall only receive the severance pay and benefits
required by applicable law, and shall not be eligible for any benefits pursuant to the EARP
other than the shares, if any, already vested pursuant to the terms and conditions of the
EARP; or

     (e) By mutual consent of the Company and the Employee (“Mutual Termination”), in which
case the Company shall pay enhanced severance pay and benefits “Enhanced Severance” pursuant
to the provisions of Section 5 below, as well as vesting and payout of any remaining shares
distributed pursuant to the EARP, on the same terms and conditions as payable to other
participants of the EARP.

     Regardless of the basis for the Employee’s termination, the Employee will be entitled to any
(i) unpaid base salary earned through the Employee’s last day of employment; (ii) pay for accrued
but unused statutory and discretionary annual leave; and (iii) reimbursement for approved but
unreimbursed business expenses.

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     The Company may suspend the duties of the Employee if he is subject to an investigation of any
disciplinary or legal matter.

     The Company reserves the right to require the Employee to not attend work and/or to not
undertake all or any of his duties of employment at any time during the term of employment. During
any period where the employee is instructed not to attend work, the Employee shall be deemed to
have first taken any outstanding annual leave to which he may be entitled.

5. Enhanced Severance.

     If the Company terminates the Employee’s employment through Mutual Termination, then the
Employee shall be entitled to receive Enhanced Severance equal to one (1) month of the Employee’s
base salary (not including incentive or other compensation) for each year of service with the
Company, pro-rated for any period of service less than one (1) year; provided that the Employee
signs and does not revoke an agreement (the “Release Agreement”) which will include, without
limitation: (i) a release of claims against the Company, its affiliates and representatives, and
(ii) a non-disparagement provision. The form and language of the Release Agreement shall be
determined by the Company in its sole discretion. The severance payment will be paid in a lump sum
in accordance with the Company’s normal payroll policies and subject to applicable taxes and
withholdings after the effective date of the Release Agreement. Any severance benefits the Employee
is entitled to under this Section 5 shall be offset and reduced by any severance benefits that the
Employee is entitled to under applicable statutory law.

6. Restrictive Covenant Agreement.

     In his work for the Company, the Employee will be given access to and/or will create
confidential and proprietary information of the Company and 3Com. The use of such information
outside the scope of the Company’s reasonable business needs or the disclosure of such information
to persons, including other Company and 3Com employees, without a valid business reason and
appropriate protective measures could substantially harm the Company and 3Com. Therefore, the
Employee understands and agrees that, as a condition of his employment with the Company, he will be
required to sign and abide by the terms and conditions of the Company’s standard Restrictive
Covenant Agreement governing confidentiality, non-disclosure, inventions, and non-solicitation of
employees, customers and vendors.

7. Non-Competition.

     The Employee hereby understands and agrees that he shall be prohibited in The People’s
Republic of China, which for the purposes of this Agreement shall include Hong Kong, Macao, and
Taiwan, from (i) working for a Competitor (as defined below) and/or, (ii) engaging in business in
competition with the business of the Company with any client, customer, account, distributor or
vendor for a period of one (1) year following the termination of the Employee’s employment with the
Company for any reason (the “Restrictive Period”).

     The Employee understands and agrees that, during the Restrictive Period, he will not (i) serve
as an advisor, agent, consultant, director, employee, officer, partner, principal, director,
licensor, proprietor or in any other capacity, whether paid or unpaid, of, (ii) have any ownership
interest in (except for passive ownership of one percent (1%) or less of any entity whose
securities are publicly traded) or (iii) participate in the organization, financing, operation,
management or control of, any Competitor in The People’s Republic of China. For purposes of this
Agreement, “Competitor” shall be defined as any business in competition with the Company’s
business, including any planned or reasonably foreseeable business, product or service, of the
Company, as conducted during the course of the Employee’s employment with the Company, including,
without limitation, Huawei Technologies Co., Ltd., ZTE

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Corporation, Cisco Systems, Inc., Nortel Networks, Inc., Juniper Networks, Inc., and their
respective subsidiaries and affiliates.

     In consideration for the Employee’s promises and obligations under this Section 7, the Company
will pay to the Employee an amount (“Non-Compete Compensation”) equal to one (1) year of the
Employee’s base salary (not including incentive or other compensation) in effect as of the
Employee’s last day of employment with the Company. Payment of the amount referenced above shall be
made by 12 equal installments in accordance with the Company’s normal payroll practices, subject to
the applicable taxes and withholdings, over the one (1) year Restrictive Period.

     The Employee understands and agrees the obligations not to compete contained in this Section 7
may be necessary to protect the Company’s and 3Com’s confidential and proprietary information and
to preserve the Company’s and 3Com’s value and goodwill. The Employee further acknowledges that the
time, geographic and scope limitations of the obligations under this Section 7 are reasonable,
especially in light of the Company’s and 3Com’s desire to protect its confidential and proprietary
information, and that the Employee will not be precluded from gainful employment if he is required
not to compete with the Company as described above. If the scope of any restriction contained in
this provision is found by any court of competent jurisdiction to be too long or broad, it shall be
interpreted to the maximum extent enforceable.

     The Employee agrees that the Non-Compete Compensation set out under this Section 7 is fair and
reasonable compensation for the Employee’s restriction during the Restrictive Period. The Employee
will not seek or demand any other compensation. Should there be any change in the applicable laws
or regulations such that the Non-Compete Compensation would no longer be sufficient to render the
non-compete restriction enforceable under PRC law, the Company shall have the right to pay to the
Employee the amount necessary to make up for any insufficiency in the Non-Compete Compensation and
render the Employee’s non-compete obligation enforceable.

     The Employee further understands and agrees that if he breaches any of the preceding
provisions of this Section 7, the Restrictive Period shall be tolled and shall be extended by the
period of time during which the Employee remains in breach, in addition to any other rights and
powers of the Company under this Agreement. In addition, in the event that the Employee is found to
be in breach of any of the requirements of this Section 7, the Company will not be required to pay
the Non-Compete Compensation and will be entitled to liquidated damages, in addition to any other
rights or remedies permitted by law, in the amount of nine months of the Employee’s annual total
compensation measured in the nine months preceding his separation from the Company, plus the amount
the Company paid through the date of the breach in accordance with the first paragraph of this
Section 7.

8. Non-Hire/Solicit

     The Employee hereby understands and agrees that he shall be prohibited from soliciting to hire
or hiring, directly or indirectly, any employee of the Company during the Restrictive period.

9. Severability.

     If any provision hereof becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable, or void, this Agreement will continue in full force and effect without said
provision.

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10. Integration.

     This Agreement, together with the Restrictive Covenant Agreement, constitutes the entire
agreement and understanding between the parties as to the subject matter herein and supersedes all
prior or contemporaneous agreements whether written or oral, including, without limitation, any
prior offer letters issued to the Employee by the Company. No waiver, alteration, or modification
of any of the provisions of this Agreement will be binding unless in writing and signed by duly
authorized representatives of the parties hereto. In entering into this Agreement, no party has
relied on or made any representation, warranty, inducement, promise, or understanding that is not
in this Agreement.

11. Survival.

     The Restrictive Covenant Agreement and the Company’s and Employee’s responsibilities under
Sections 5, 7, and 8, respectively, will survive the termination of this Agreement and the
Employee’s employment with the Company.

12. Acknowledgment.

     The Employee acknowledges that he has had the opportunity to discuss this matter with and
obtain advice from legal counsel, has had sufficient time to read, and has carefully read and fully
understands all the provisions of this Agreement, and is knowingly and voluntarily entering into
this Agreement.

13. Counterparts.

     This Agreement may be executed in counterparts, and each counterpart will have the same force
and effect as an original and will constitute an effective, binding agreement on the part of each
of the undersigned.

14. Governing Law.

     This Agreement shall be governed by the laws and regulations at the location of the employee’s
service to the Company in the PRC. Any dispute arising from or in connection with this Agreement
shall be resolved or adjudicated in accordance with the labor dispute resolution mechanism
prescribed by relevant PRC law.

     IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by a duly authorized officer, as of the day and year written below.

	 	 	 
	Hangzhou H3C Technologies Co., Ltd.	 	DR. SHUSHENG ZHENG
	 
	/s/ Neal D. Goldman

	 	/s/ Dr. Shusheng Zheng
	 

	 	 
	Neal D. Goldman
	 	 
	H3C, Chairman of the Board
	 	 
	3Com Corporation, Chief Administrative
	 	 
	And Legal Officer and Secretary
	 	 
	 
	 	 
	7/20/09
	 	 
	 

	 	 
	DATE

	 	DATE

6EX-10.16

Exhibit 10.16

PAYCHEX, INC.

2002 STOCK INCENTIVE PLAN

(as amended and restated effective October 12, 2005)

FORM
OF RESTRICTED STOCK AWARD AGREEMENT (OFFICER)

     1. Grant of Restricted Stock. This Restricted Stock Award Agreement (the “Award
Agreement”), sets forth the terms and conditions of the Restricted Stock (the “Award”) granted to
you by the Governance and Compensation Committee (the “Committee”) of the Board of Directors of
Paychex, Inc. (the “Company”) under the Company’s 2002 Stock Incentive Plan, as amended and
restated effective October 12, 2005 (the “Plan”), as described on your Award Notice. The Award is
subject to all of the provisions of the Plan, which is hereby incorporated by reference and made a
part of this Award Agreement. The capitalized terms used in this Award Agreement are defined in
the Plan.

     2. Restriction and Vesting.

          (a) Subject to the terms set forth in this Award Agreement and the Plan, unless earlier vested
under Section 2(b), 2(c) or 2(d) of this Award Agreement, provided you are still a full-time
employee of the Company at that time, all of the Shares represented by the Award will vest on the
fifth anniversary of the date of grant set forth on your Award Notice (a “Vesting Date”).

          (b) Notwithstanding Section 2(a) of this Award Agreement, for each of the next four fiscal
years of the Company, if the Company’s operating income, excluding interest on funds held for
clients (“Operating Income”), for such fiscal year equals or exceeds the target established for
such fiscal year, then, provided you are still a full-time employee of the Company, one-sixth of
the total number of Shares represented by the Award shall vest upon the confirmation by the
Committee of such fiscal year’s Operating Income (also a “Vesting Date”), provided however that not
more than 50% of the total Award shall vest pursuant to this Section 2(b). Operating Income
targets established for said accelerated vesting are determined by the Committee at the time of
grant and are set forth in your Award Notice.

          (c) Notwithstanding Section 2(a) of this Award Agreement, for each of the next four fiscal
years of the Company, if the Company’s service revenue (“ Service Revenue”), for such fiscal year
equals or exceeds the target established for such fiscal year, then, provided you are still a
full-time employee of the Company, one-sixth of the total number of Shares represented by the Award
shall vest upon the confirmation by the Committee of such fiscal year’s Service Revenue (also a
“Vesting Date”), provided however that not more than 50% of the total Award shall vest pursuant to
this Section 2(c). Service Revenue targets established for said accelerated vesting are determined
by the Committee at the time of grant and are set forth in your Award Notice.

          (d) Except in the event of your death or Disability, if your employment terminates before a
Vesting Date for any reason, including, but not limited to, Retirement, then the unvested portion
of the Award shall be forfeited and cancelled immediately. If your employment terminates due to
death or Disability, your Award shall immediately become 100% vested. The term “Disability” means
a condition whereby you are unable to perform the essential functions of your position with
reasonable accommodations by reason of any medically determinable physical or mental impairment
which can be expected to result in death or which has lasted for a continuous period of not
less than six months, all as verified by a physician acceptable to, or selected by, the Company.

 

 

     3. Book-Entry Registration. The Award initially will be evidenced by book-entry
registration only, without the issuance of a certificate representing the Shares underlying the
Award.

     4. Issuance of Shares. The Company shall, when the conditions to vesting specified in Section
2 of this Award Agreement are satisfied, issue a certificate or certificates representing the
Shares underlying the Award that have vested as promptly as practicable following the Vesting Date
of such Shares.

     5. Rights as a Stockholder. Except as otherwise provided by this Section, you will
have the rights of a stockholder with respect to the Shares underlying the Award, including, but
not limited to, the right to receive such cash dividends, if any, as may be declared on such Shares
from time to time and the right to vote (in person or by proxy) such Shares at any meeting of
stockholders of the Company. Notwithstanding the foregoing, the dividends paid on any unvested
Shares shall be retained by the Company and held in escrow, trust or similar manner, and shall only
be paid to you upon the vesting of the underlying Shares to which the dividends relate; upon the
forfeiture of any Shares represented by the Award, your right to the dividends paid on the
underlying Shares which are forfeited shall also be forfeited.

     6. Restrictions on Transfer of Shares. The Award, and the right to vote the Shares
underlying the Award and to receive dividends thereon, may not, except as otherwise provided in the
Plan, be sold, assigned, transferred, pledged or encumbered in any way prior to the vesting of such
Shares, whether by operation of law or otherwise, except by will or the laws of descent and
distribution. After a Vesting Date, the vested Shares may be issued during your lifetime only to
you, or after your death to your designated beneficiary, or, in the absence of such beneficiary, to
your duly qualified personal representative.

     7. Withholding. The grant and the vesting of the Award is conditioned upon your
making arrangements satisfactory to the Company for the payment to the Company of the amount of all
taxes required by any governmental authority to be withheld and paid over by the Company or any
Affiliate to the governmental authority on account of such grant or vesting. The payment of such
withholding taxes to the Company may be made (i) by you in cash or by check, (ii) subject to the
consent of the Company and in accordance with any guidelines established by the Committee, by the
Company retaining the number of the Shares that would otherwise be delivered to you upon vesting
that have an aggregate Fair Market Value (at the time retained by the Company) equal to the amount
of withholding taxes (using your minimum required tax withholding rate or such other rate that the
Company determines will not trigger a negative accounting impact to the Company) required to be
paid, or (ii) by the Company or any Affiliate withholding such taxes from any other compensation
owed to you by the Company or any Affiliate. Unless you make arrangements prior to vesting to pay
withholdings taxes in cash or by check, or to have such withholding taxes withheld from other
compensation owed to you by the Company or any Affiliate, then at the time of vesting, the Company
shall have the right to retain the number of the Shares that would otherwise be delivered to you
upon vesting that have an aggregate Fair Market Value (at the time retained by the Company) equal
to the amount of withholding taxes (using your minimum required tax withholding rate or such other
rate that the Company determines will not trigger a negative accounting impact to the Company)
required to be paid.

     8. Limitation of Rights. Neither the Plan, the granting of the Award, the Award
Notice nor this Award Agreement gives you any right to remain in the employment of the Company or
any Affiliate.

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     9. Non-competition, Non-solicitation, Confidentiality, and Detrimental Conduct. In
consideration for the Award, you agree that during your employment and for a period of twelve (12)
months following termination of employment for any reason, you will not, directly or indirectly,
either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate
officer, board member, director, or in any other individual or representative capacity, engage or
attempt to engage in any activity that is competitive to the business of the Company within the
geographic and substantive area or areas of responsibility assigned to the you during the last 24
months of employment. In addition, you agree that for a period of eighteen (18) months following
the termination of employment for any reason, you will not directly or indirectly by assisting
others, solicit Company clients, prospects or referral resources; nor will you recruit or hire, or
attempt to recruit or hire any other employee of Company or its affiliates, or induce or attempt to
induce any employee of Company to terminate employment with Company. You also agree and acknowledge
that during the course of your employment with the Company, you will obtain, have access and be
privy to nonpublic information important to the Company’s business solely as a result of employment
with the Company, which information you hereby acknowledge and agree to be confidential
(“Confidential Information”). You agree that during and after employment, you shall not divulge or
make use of any Confidential Information, directly or indirectly, personally or on behalf of any
other person, business, corporation, or entity without prior written consent of the Company. You
further agree that you will not, during your employment, engage in conduct which is detrimental to
the Company, including violation of the Company’s Code of Business Ethics and Conduct, criminal
conduct, fraud, or willful misconduct. These covenants are not intended to, and do not, limit in
any way the rights and remedies provided to the Company under the Plan, other agreements with you,
or under common or statutory law.

     10. Repayment of Financial Gain.

          (a) If you fail to comply with Section 9 of this Award Agreement, the Company may cancel any
unvested portion of this Award and recover from you the total number or Vesting Date value of
Shares whose Vesting Date occurred pursuant to this Award during the 24-month period preceding your
breach of any covenant in Section 9 of this Award Agreement. The total number or value of the
vested Shares shall include the amount of any dividends paid to you during the 24-month period
specified above and shall not be reduced for the payment of applicable taxes or other amounts.

          (b) If you fail to comply with Section 9 of this Award Agreement, upon demand by the Company,
you will repay the Company in accordance with the terms of Section 10(a), and the Company shall be
entitled to offset the amount of any such repayment obligation against any amount owed to you by
the Company. The remedies set forth in this Section are in addition to any other remedies the
Company may have, at law or equity, for your violation of the terms of this Award Agreement.

     11. Rights of Company and Affiliates. This Award Agreement does not affect the right
of the Company or any Affiliate to take any corporate action whatsoever, including without
limitation its right to recapitalize, reorganize or make other changes in its capital structure or
business, merge or consolidate, issue bonds, notes, Shares or other securities, including preferred
stock, or options therefor, dissolve or liquidate, or sell or transfer any part of its assets or
business.

     12. Plan Controls. In the event of any conflict among the provisions of the Plan and
this Award Agreement, the provisions of the Plan will be controlling and determinative.

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     13. Amendment. Except as otherwise provided by the Plan, the Company may only alter,
amend or terminate the Award with your consent.

     14. Governing Law. This Award Agreement shall be governed by and construed in
accordance with the laws of the State of New York, except as superseded by applicable federal law,
without giving effect to its conflicts of law provisions. All parties consent to exclusive
personal jurisdiction in New York courts and agree that venue shall be New York State Supreme
Court, Monroe County.

     15. Section 409A. The Award is intended to qualify for an exemption from the
requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the treasury
regulations promulgated and other official guidance issued thereunder, and the Plan and this Award
Agreement shall be administered and interpreted consistent with such intention.

* * * * *

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