Document:

EX-10.1

 Exhibit 10.1 

Change Healthcare Inc. 

Annual Incentive Plan (AIP) 

Amended and Restated as of June 17, 2020 
  

	1.	 Purpose. The purpose of the Change Healthcare Inc. Annual Incentive Plan (the “Plan”) is to
provide an incentive to eligible employees of Change Healthcare Inc. and its participating subsidiaries (collectively, the “Company”) who contribute to the success of the enterprise. The Plan offers eligible employees an opportunity
to earn compensation in addition to their base salaries, based upon the performance of the Company (including its Business Units) and their individual performance. 

 

	2.	 Plan Administration. The Compensation Committee of the Board of Directors (the “Board”)
of the Company (the “Committee”), in consultation with the Chief Executive Officer of the Company (the “CEO”), shall administer the Plan. The CEO shall oversee and interpret any and all aspects of the Plan
(including the amount payable to any individual participant) and may delegate any responsibilities under the Plan to the Chief People Officer (“CPO”) of the Company. The CEO (other than with respect to himself) shall make final
recommendations to the Committee regarding both the amount and the timing of any bonus payments pursuant to the Plan. The Committee shall review and approve the CEO’s recommendations. If an employee believes that he/she has been paid
incorrectly or denied payment incorrectly under the Plan, the employee must provide written notice to the CPO (the “appeal”) within thirty (30) days of the date of the incorrect payment or payment refusal. The CEO has the sole
unilateral discretion and authority to accept or reject an appeal, whether to modify or make a payment in response to an appeal, to interpret and apply the Plan and any and all language contained in the Plan, and to determine the amount of payment.
Any and all decisions made by the CEO are final. 

  

	3.	 Plan Year. The Plan shall be effective from April 1 of each fiscal year of the Company through
March 31 of such fiscal year (each, a “Plan Year”). 

  

	4.	 Participant Eligibility. Employees eligible to participate in the Plan generally include regular
full-time employees, unless state, local, province, or territorial laws requires additional employee participation, and an eligible employee selected to participate in the Plan is referred to as a “Participant”. A Participant must be
employed and meet the eligibility criteria before the Participation Deadline to be eligible to participate in the Plan for that year. 

Generally, individuals who are ineligible to participate in the Plan include the following: 

 

	 	•	 	 Temporary employees, independent contractors and consultants 

	 	•	 	 Employees located in the United States who do not have a signed Company Protection Agreement on file with the
Company 

  

	 	•	 	 Anyone not actively employed on the date the Actual Awards are distributed (except as described in this Plan
summary) 

  

	 	•	 	 Any other employee that does not meet the eligibility criteria above 

 

	5.	 Annual Incentive Potential. The target bonus potential (“Annual Incentive Plan or AIP Target
Percentage”) is calculated as a percentage of the Participant’s Annual Base Salary as of the last day of the Plan Year to which the bonus relates. If a Participant no longer participates in the Plan due to a change in job during the
Plan Year, the AIP Target Percentage is calculated as a percentage of the Participant’s Annual Base Salary as of the last day of the Plan Year on which the individual was a Participant in the Plan. If a Participant changes from full-time to
part-time or vice versa during the Plan year, then the AIP Target Percentage is calculated based on the different employment percentages applicable during the Plan Year. The guidelines for determining AIP Target Percentage are based on the level of
the job the employee is assigned. These guidelines, however, may be adjusted to reflect the significance, scope and level of accountability for a given job. Adjustments (increases or reductions) to the AIP Target Percentage levels may be made at the
discretion of the CEO or the CPO of the Company. Additionally, certain AIP Target Percentage levels are set forth in written employment agreements. As such, these written agreements shall be controlling. 

 

	6.	 Performance Targets. The funding and payment of bonuses is based upon performance metrics established by
the Committee. Unless and until otherwise specified by the Committee, the three Plan components are the Company Performance Targets, Business Unit Performance Targets and Individual Performance Measures. Calculation of Actual Awards shall be based
on the achievement of multiple objectives. Each objective has a threshold, target and a maximum level of performance. For each objective, the bonus payment shall range from zero to a maximum percentage based on the level of performance for that
objective. 

  

	 	a.	 Company Performance Targets. Payments are contingent upon the Company achieving the Company Performance
Targets as shall be set by the Committee within the first ninety days of a Plan Year. If, and when, bonuses are declared, financial calculations shall be made to determine the funding level for Participants based upon the Company Performance
Targets. 

  

	 	b.	 Business Unit Performance Targets. For those eligible employees whose job responsibilities are primarily
related to a particular Business Unit, payments for a portion of the Participant’s bonus amount are contingent upon the Business Unit, achieving the applicable Performance Targets as shall be set by the Committee with respect to each Plan Year.
If, and when, bonuses are declared, financial calculations shall be made to determine a funding level for each Business Unit. 

	 	c.	 Individual Performance Measures. Each Participant shall have one or more Individual Performance
Measures. Individual Performance Measures may be quantitative, qualitative or both. Once the Company and/or the Business Unit have achieved their performance goals, a Participant’s Individual Performance Measures, taken as a whole with the
Company and/or Business Unit performance, shall determine the amount of the Participant’s Actual Award. Individual bonus potential can be greatly impacted by the level of achievement of Individual Performance Measures as determined by each
Participant’s manager. Actual Awards shall be adjusted, at each Participant’s manager’s discretion, to reflect the Participant’s individual contribution to the achievement of Company Performance Targets and Business Unit
Performance Targets and the Participant’s Individual Performance Measures. A Participant’s manager shall review and approve, modify or disapprove the Actual Award, if any, to be paid to a Participant for the Plan Year, and reserves the
right to reduce or increase or eliminate the individual payments determined according to the above method. 

  

	7.	 Prorations. If an employee, not previously eligible for participation in the Plan, moves to a job and
becomes eligible for participation in the Plan, the employee’s Actual Award shall be calculated as a prorated portion of the annual bonus relevant to that Plan Year based upon the employee’s first date of eligibility. If a person otherwise
eligible for participation in the Plan becomes an employee of the Company during the Plan Year, the employee’s Actual Award shall be calculated as a prorated portion of the annual bonus for that Plan Year based upon the employee’s first
date of employment. If a Participant is transferred to a new job during the Plan Year with a higher or lower AIP Target Percentage, the determination of the Participant’s Actual Award shall be calculated based on the two different AIP Target
Percentages, prorated for each AIP Target Percentage based on the date of the change in job. If a Participant is transferred to a new job during the Plan Year with a higher or lower Business Unit Performance Target, the determination of the
Participant’s Actual Award shall be calculated based on the different Performance Targets, prorated for each Business Unit Performance Target, based on the date of the change in job within that Plan Year. If a Participant is re-hired during the Plan Year, the employee shall be eligible for a prorated award based on the total period of participation in the Plan. If a Participant no longer participates in the Plan due to a change in job
during the Plan Year, the employee shall be eligible to receive a prorated award based on the period of participation in the Plan; provided, that the employee must continue to meet the “Conditions For Receiving Payment” set forth below.
Such prorated award shall be paid at the same time as awards are made to other Participants under the Plan. 

  

	8.	 Payout and Taxation. The Company anticipates any bonus amounts earned under the Plan for each Plan Year
shall be paid in a lump sum around June of the year following that Plan Year after completion of audited financial statements for the Plan Year and final executive and Committee approval but in any event, bonus amounts earned under the

	 	
Plan, if any, shall be paid prior to March 15 of the calendar year following the end of the Plan Year to which such bonus amounts relate. Specific provisions regarding distribution are
outlined below under the “Conditions for Receiving Payment” section of the Plan. Payroll taxes shall be withheld from the bonus award, or remitted to tax authorities, subject to and in accordance with law. Actual Awards that Participants
receive shall be reported as income in the year in which they are paid, in accordance with applicable law. 

  

	9.	 Conditions for Receiving Payment. No Actual Awards under this Plan shall be paid to any Participant if
employment is terminated, whether voluntary or involuntary, prior to the actual payment distribution date, except as described in Section 10 of this Plan summary or to the extent required by applicable law. However, the Company retains the
authority to make exceptions to the foregoing policy in unusual or meritorious cases including, but not limited to, the death of a Participant during the Plan Year, termination of employment due to total or partial disability, call to active
military service or retirement with the written consent of the Company. For clarity, a Participant is considered an active employee of the Company during any notice period, whether based on a written employment agreement, the applicable local
employment or labor laws, or the common or civil law (“Notice Period”) if the Participant continues working during the Notice Period, regardless of why that Participant’s employment is terminated. However, if a Participant receives a
payment in lieu of notice, instead of working during the Notice Period, the employee will not be considered an active employee during the Notice Period and the last day worked is considered the termination date for purposes of the Plan.

  

	10.	 Effect of Termination of Employment. Except as expressly set forth in this section, a Participant must
be an active employee of the Company on the date the Actual Awards are distributed to Participants to be eligible to receive any payment under the Plan. 

  

	 	a.	 Death or Long-Term Disability. If a Participant’s employment is terminated by the Company
due to death or Long-Term Disability during the Plan Year, the Participant shall be entitled to receive a prorated portion of the Actual Award, with proration based on the date of termination of employment within the Plan Year.

  

	 	b.	 Retirement. If a Participant’s employment is terminated due to Retirement on or after the
Participation Deadline, the Participant shall be entitled to receive a prorated portion of the Actual Award, with proration based on the date of termination of employment within the Plan Year. 

 

	 	c.	 Other Qualifying Terminations. If a Participant’s employment is terminated due to a
Qualifying Termination on or after the Participation Deadline, the Participant shall be entitled to receive a prorated portion of the Actual Award, with proration based on the date of termination of employment within the Plan Year.

	11.	 Limitations and/or Adjustments. Payment of an Actual Award under the Plan is not an integral part
of a Participant’s compensation package. A Participant’s base salary compensates them for the expected results of any given job role within the Company. Payment of an Actual Award is at the discretion of the Company. For the avoidance of
doubt, the Plan is discretionary by nature, and unless the provincial labor/employment standards legislation applicable in the province of employment where the Participant works requires otherwise in the specific circumstance, awards made under the
Plan shall not be deemed a portion of a Participant’s compensation for any purpose whatsoever, including without limitation, when calculating a Participant’s entitlements to termination pay, severance pay or other amounts payable upon
termination of employment. Participation in a Plan Year does not guarantee payment of an award under the Plan for that Plan Year and Participation in one Plan Year does not guarantee participation in any subsequent Plan Year. The Company reserves
the right to review, amend, suspend and/or terminate the Plan, the incentive calculation formulas and all other aspects of the Plan at any time. Plan changes shall be based on a determination of the Company’s business needs and do not require
prior notification or explanation to Participants. A Participant’s participation in the Plan shall not be construed as an employment contract or as a promise of continuing employment between the Company and the Participant. Employment with the
Company is terminable at will, unless an employment contract or state, local, province, or territorial laws requires otherwise. 

  

	12.	 Active Employment Eligibility. If a Participant takes any type of approved leave of absence for
less than (12) consecutive weeks during the Plan Year, this period of time will be included in the calculation of the award. If a Participant takes any type of approved leave of absence for (12) consecutive weeks during the Plan Year or
more, the period of time in excess of (12) weeks will not be considered in the Participant’s Actual Award calculation, unless an employment contract or state, local, province, or territorial laws requires otherwise. 

 

	13.	 Section 409A. The payments made under this Plan to Participants subject to
U.S. taxes are intended be exempt from with Section 409A of the Internal Revenue Code of 1986, as amended, and applicable guidance issued thereunder (“Section 409A”). Payments made under this Plan shall be
interpreted and construed to be distributed in the short-term deferral period, as defined under Treasury Regulation section 1.409A-1(b)(4). Notwithstanding any provision of this Plan to the contrary, this Plan
shall be interpreted and construed consistent with the terms set forth in this Section 13, provided that the Company shall not be required to assume any increased economic burden in connection therewith. Although the Company intends to
administer this Plan so that it shall be exempt from the requirements of Section 409A, the Company does not represent or warrant that this Plan shall be exempt from Section 409A or any other provision of federal, state, local, or non-United States law. The Company, or either of its directors, officers, employees or advisers shall not be liable to the Participant (or any other individual claiming a benefit through the Participant) for any
tax, interest, or penalties the 

	 	
Participant may owe as a result of compensation paid under this Plan, and shall have no obligation to indemnify or otherwise protect the Participant from the obligation to pay any taxes pursuant
to Section 409A. 

  

	14.	 Clawback. Any payment made under this Plan shall be subject to reduction, cancellation,
forfeiture or recoupment to the extent necessary to comply with (i) any clawback, forfeiture or similar policy adopted by the Company, whether in existence as of the effective date of the Plan or later adopted by the Company) and (ii) any
applicable law or government regulation. Further, unless otherwise determined by the Committee, to the extent that the Participant receives any amount in excess of the amount that the Participant should otherwise have received under the terms of the
Plan for any reason (including, without limitation, by reason of a financial restatement, mistake in calculations or other administrative error), the Participant shall be required to repay any such excess amount to the Company. The Company will make
any determination for clawback, forfeiture or recovery in its sole discretion and in accordance with any applicable law, government regulation or Company policy, as applicable. By participating in this Plan the Participant consents to such
deductions being made by the Company. 

  

	15.	 Change in Control. In connection with a Change in Control, the Committee shall have the discretion to
make changes to the Plan and awards hereunder as the Committee, in its sole discretion, deems to be equitable and appropriate. 

  

	16.	 Definitions. 

  

	 	a.	 “Actual Award” means the finally determined amount payable to a Participant under the Plan for
a Plan Year. 

  

	 	b.	 “Affiliate” means any Person that directly or indirectly controls, is controlled by, or is
under common control with the Company. The term “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting or other securities, by contract, or otherwise. 

 

	 	c.	 “Annual Base Salary” means annual rate of pay as of the last day of the Plan year for exempt
Participants. For non-exempt Participants, this is the hourly rate of pay annualized for the number of hours worked during the Plan Year. 

 

	 	d.	 “Change in Control” means (i) the acquisition (whether by purchase, merger,
consolidation, combination, or other similar transaction) by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange

	 	
Act) of more than 50% (on a fully diluted basis) of either (A) the then-outstanding shares of Common Stock, taking into account as outstanding for this purpose such Common Stock issuable
upon the exercise of options or warrants, the conversion of convertible stock or debt, the exchange of exchangeable stock or units, and the exercise of any similar right to acquire such Common Stock; or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors; provided, however, that for purposes of the Plan, any acquisition by any employee benefit plan sponsored or
maintained by the Company or any Affiliate shall not constitute a Change in Control; (ii) during any period of 12 months, individuals who, at the beginning of such period, constitute the Board (the “Incumbent Directors”) cease
for any reason to constitute at least a majority of the Board; provided, that any Person becoming a director subsequent to the effective date of the Plan, whose election or nomination for election was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of the Company in which such Person is named as a nominee for director, without written
objection to such nomination) shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an actual or threatened election contest, as such terms are used in Rule 14a-12 of Regulation 14A promulgated under the Exchange Act, with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than
the Board shall be deemed to be an Incumbent Director; or (iii) the sale, transfer, or other disposition of all or substantially all of the assets of the Company (taken as a whole) to any Person that is not an Affiliate of the Company.

  

	 	e.	 “Common Stock” means the common stock of the Company, par value $0.001 per share (and any
stock or other securities into which such Common Stock may be converted or into which it may be exchanged). 

  

	 	f.	 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and any successor
thereto. Reference in the Plan to any section of (or rule promulgated under) the Exchange Act shall be deemed to include any rules, regulations, or other interpretative guidance under such section or rule, and any amendments or successor provisions
to such section, rules, regulations, or guidance. 

  

	 	g.	 “Long-Term Disability” shall mean the Company or its affiliates having cause to terminate a
Participant’s employment or service on account of “disability,” as defined in any written employment agreement then in effect between the Participant and the Company or an affiliate, or in the absence of such an agreement, a condition
entitling the Participant to receive benefits under a long-term disability plan of the Company or an affiliate or, in the absence of such a plan, the complete and permanent inability by reason of illness or accident to perform the duties of the
occupation at which a Participant was employed or served when such disability commenced or, as determined by the Company based upon medical evidence acceptable to it. 

	 	h.	 “Participation Deadline” with respect to a Plan Year shall mean January 1 of the Plan
Year. 

  

	 	i.	 “Person” means any individual, entity, or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Exchange Act). 

  

	 	j.	 “Qualifying Termination” means a termination of employment eligible to receive benefits under
the Company’s Severance Guidelines or Executive Severance Guidelines in accordance with the terms and conditions of such guidelines as may be amended from time to time. 

 

	 	k.	 “Retirement” means, unless otherwise set forth in an employment agreement with a Participant
or specifically defined under local law for the purposes of payment of compensation for services, termination from the Company with age of at least 65. 

  

	17.	 Governing Law. For employees on U.S. payroll, the laws of the state of Delaware shall govern all
questions concerning the construction, validity and interpretation of the Plan, without regard to the state of Delaware’s conflict of laws rules. 

For International employees, the laws of the country where the Participant permanently resides shall govern all questions concerning the
construction, validity and interpretation of the Plan, without regard to the Country of Residence’s conflict of laws rules.EX-10.2

 Exhibit 10.2 

Executive Form 

RESTRICTED STOCK UNIT GRANT NOTICE 

UNDER THE 
 CHANGE
HEALTHCARE INC. 
 2019 OMNIBUS INCENTIVE PLAN 

Cash-Settled 
 Change
Healthcare Inc., a Delaware corporation (the “Company”), pursuant to its 2019 Omnibus Incentive Plan (the “Plan”), hereby grants to the Participant set forth below the number of Restricted Stock Units set forth
below. The Restricted Stock Units are subject to all of the terms and conditions as set forth herein, in the Restricted Stock Unit Agreement (attached hereto or previously provided to the Participant in connection with a prior grant), and in the
Plan, all of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan. 
  

			
	Participant:	  	[Insert Participant Name]
		
	Date of Grant:	  	[Insert Grant Date]
		
	Vesting Commencement Date:	  	[Insert Date]
		
	Number of Restricted Stock Units:	  	[Insert No. of RSUs Granted]
		
	Vesting Schedule:	  	 Provided the Participant has not undergone a Termination at the time of each applicable vesting date (or event):

 
 100% of the Restricted Stock Units will vest on the first
anniversary of the Vesting Commencement Date (each such anniversary, a “Vesting Date”).
  

Notwithstanding the foregoing, in the event that the Participant undergoes a Termination (i) as a result of the Participant’s
death prior to any Vesting Date, the Participant shall fully vest in the Participant’s then-unvested Restricted Stock Units; (ii) as a result of the Participant’s Disability or Retirement, in either case, prior to a Vesting Date, the
Participant shall vest as to a prorated portion of the then-unvested Restricted Stock Units granted, with such proration based on the number of days the Participant provided services from the Vesting Commencement Date to the date of Termination (or,
if applicable, from the immediately prior Vesting Date to the date of Termination); or (iii) (A) by the Service Recipient without Cause or (B) by the Participant for Good Reason, in each case, on or within 12 months following a Change
in Control, the Participant shall fully vest in the Participant’s then-unvested Restricted Stock Units; provided, however, that any such Restricted Stock Units shall be settled in accordance with Section 3 of the Restricted
Stock Unit Agreement within 30 days following the Vesting Date originally applicable to such Restricted Stock Units.

 
			
		
	Definition:	  	“Good Reason” means (i) a material diminution in the Participant’s authority, title, duties or responsibilities, or the assignment to the Participant of any duties inconsistent with the Participant’s
position; (ii) a material reduction in the Participant’s base salary or target bonus opportunity; (iii) relocation by more than 50 miles of the Participant’s principal place of employment; or (iv) a material reduction in the
level of employee benefits provided to the Participant.
		
		  	* * *

  
 2 

 THE UNDERSIGNED PARTICIPANT ACKNOWLEDGES RECEIPT OF THIS RESTRICTED STOCK UNIT GRANT NOTICE, THE
RESTRICTED STOCK UNIT AGREEMENT AND THE PLAN, AND, AS AN EXPRESS CONDITION TO THE GRANT OF RESTRICTED STOCK UNITS HEREUNDER, AGREES TO BE BOUND BY THE TERMS OF THIS RESTRICTED STOCK UNIT GRANT NOTICE, THE RESTRICTED STOCK UNIT AGREEMENT AND THE
PLAN. 
  

									
	CHANGE HEALTHCARE INC.	 		 		 	PARTICIPANT
			
	  
	 		 	  

	By:	 		 		 		 	
	Title:	 		 		 		 	

 RESTRICTED STOCK UNIT AGREEMENT 

UNDER THE 
 CHANGE
HEALTHCARE INC. 
 2019 OMNIBUS INCENTIVE PLAN 

Pursuant to the Restricted Stock Units Grant Notice (the “Grant Notice”) delivered to the Participant (as defined in the
Grant Notice), and subject to the terms of this Restricted Stock Unit Agreement (this “Restricted Stock Unit Agreement”) and the Change Healthcare Inc. 2019 Omnibus Incentive Plan (the “Plan”), Change Healthcare
Inc., a Delaware corporation (the “Company”), and the Participant agree as follows. Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan. 

1. Grant of Restricted Stock Units. Subject to the terms and conditions set forth herein and in the Plan, the Company hereby
grants to the Participant the number of Restricted Stock Units provided in the Grant Notice (with each Restricted Stock Unit representing the right to receive one share of Common Stock upon the vesting of such Restricted Stock Unit). The Company may
make one or more additional grants of Restricted Stock Units to the Participant under this Restricted Stock Unit Agreement by providing the Participant with a new Grant Notice, which may also include any terms and conditions differing from this
Restricted Stock Unit Agreement to the extent provided therein. The Company reserves all rights with respect to the granting of additional Restricted Stock Units hereunder and makes no implied promise to grant additional Restricted Stock Units.
 
 2. Vesting. Subject to the conditions contained herein and in the Plan, the Restricted Stock Units shall vest
and the restrictions on such Restricted Stock Units shall lapse as provided in the Grant Notice. With respect to any Restricted Stock Unit, the period of time that such Restricted Stock Unit remains subject to vesting shall be its Restricted Period.

 3. Settlement of Restricted Stock Units. As soon as reasonable practicable (and in any event, within 30 days) following the
Vesting Date (as defined in the Grant Notice) applicable to such Restricted Stock Units, the Company shall pay cash to the Participant in respect of such Restricted Stock Units, with the amount of such cash payment to be equal to the product of
(i) the Fair Market Value per share of Common Stock as of the date on which the Restricted Period lapsed with respect to such Restricted Stock Units and (ii) the number of such Restricted Stock Units to which such Vesting Date applies.

 4. Treatment of Restricted Stock Units Upon Termination. Unless otherwise determined by the Committee, in the event of
the Participant’s Termination for any reason: 
 (a) all vesting with respect to the Restricted Stock Units shall cease (after taking
into account vesting of Restricted Stock Units as set forth in the Grant Notice); and 
 (b) the unvested Restricted Stock Units shall be
forfeited to the Company by the Participant for no consideration as of the date of such Termination. 
 5. Company;
Participant. 
 (a) The term “Company” as used in this Restricted Stock Unit Agreement with reference to employment shall
include the Board, the Company and its Subsidiaries. 

 (b) Whenever the word “Participant” is used in any provision of this Restricted
Stock Unit Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the Restricted Stock Units may be transferred by will or by the laws of
descent and distribution, the word “Participant” shall be deemed to include such person or persons. 
 6. Non-Transferability. The Restricted Stock Units are not transferable by the Participant except to Permitted Transferees in accordance with Section 13(b) of the Plan. Except as otherwise provided herein,
no assignment or transfer of the Restricted Stock Units, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise, shall vest in the assignee or transferee any interest or right herein whatsoever, but
immediately upon such assignment or transfer the Restricted Stock Units shall terminate and become of no further effect.  
 7.
Rights as Stockholder. The Participant or a Permitted Transferee of the Restricted Stock Units shall have no rights as a stockholder with respect to any share of Common Stock underlying a Restricted Stock Unit unless and until the
Participant shall have become the holder of record or the beneficial owner of such Common Stock, and no adjustment shall be made for dividends or distributions or other rights in respect of such share of Common Stock for which the record date is
prior to the date upon which the Participant shall become the holder of record or the beneficial owner thereof. 
 8. Dividend
Equivalents. The Restricted Stock Units shall be entitled to be credited with dividend equivalent payments (upon the payment by the Company of dividends on shares of Common Stock), which shall accrue in cash without interest and shall be
delivered in cash. Accumulated dividend equivalents shall be payable at such time as the underlying Restricted Stock Units to which such dividend equivalents relate are settled in accordance with Section 3 above. For the avoidance of doubt,
dividend equivalents accrued in respect of Restricted Stock Units shall only be paid to the extent the underlying Restricted Stock Unit vests and is settled, and to the extent that any Restricted Stock Units are forfeited and not vested, the
Participant shall have no right to such dividend equivalent payments. 
 9. Tax Withholding. The provisions of
Section 13(d) of the Plan are incorporated herein by reference and made a part hereof. In addition, the Committee, subject to its having considered the applicable accounting impact of any such determination, has full discretion to allow the
Participant to satisfy, in whole or in part, any additional income, employment and/or other applicable taxes payable by the Participant with respect to an Award by electing to have the Company withhold from the shares of Common Stock otherwise
issuable or deliverable to, or that would otherwise be retained by, the Participant upon the grant, vesting or settlement of the Award, as applicable, shares of Common Stock having an aggregate Fair Market Value that is greater than the applicable
minimum required statutory withholding liability (but such withholding may in no event be in excess of the maximum statutory withholding amount(s) in the Participant’s relevant tax jurisdictions). 

10. Notice. Every notice or other communication relating to this Restricted Stock Unit Agreement between the Company and the
Participant shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be designated by such party in a notice mailed or delivered to the other party as herein provided;
provided that, unless and until some other address be so designated, all notices or communications by the Participant to the Company shall be mailed or delivered to the Company at its principal executive office, to the attention of the
Corporate Secretary, and all notices or communications by the Company to the Participant may be given to the Participant personally or may be mailed to the Participant at the Participant’ last known address, as reflected in the Company’
records. Notwithstanding the above, all notices and communications between the Participant and any third-party plan administrator shall be mailed, delivered, transmitted or sent in accordance with the procedures established by such third-party plan
administrator and communicated to the Participant from time to time. 

  
 5 

 11. No Right to Continued Service. This Restricted Stock Unit Agreement does
not confer upon the Participant any right to continue as an employee or service provider to the Company.  
 12. Binding
Effect. This Restricted Stock Unit Agreement shall be binding upon the heirs, executors, administrators and successors of the parties hereto. 

13. Waiver and Amendments. Except as otherwise set forth in Section 12 of the Plan, any waiver, alteration, amendment or
modification of any of the terms of this Restricted Stock Unit Agreement shall be valid only if made in writing and signed by the parties hereto; provided, however, that any such waiver, alteration, amendment or modification is
consented to on the Company’s behalf by the Committee. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any subsequent occurrences or transactions hereunder unless such
waiver specifically states that it is to be construed as a continuing waiver.  
 14. Governing Law. This Restricted
Stock Unit Agreement shall be construed and interpreted in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of law thereof. Notwithstanding anything contained in this Restricted Stock Unit Agreement,
the Grant Notice or the Plan to the contrary, if any suit or claim is instituted by the Participant or the Company relating to this Restricted Stock Unit Agreement, the Grant Notice or the Plan, the Participant hereby submits to the exclusive
jurisdiction of and venue in the courts of Delaware. 
 15. Section 409A of the Code. This Restricted Stock Unit
Agreement is intended to comply with the provisions of Section 409A of the Code and the regulations promulgated thereunder, and shall be interpreted consistent with such intent. Without limiting the foregoing, the Committee will have the right
to amend the terms and conditions of this Agreement in any respect as may be necessary or appropriate to comply with Section 409A of the Code or any regulations promulgated thereunder, including without limitation by delaying the issuance of
the shares of Common Stock contemplated hereunder. Notwithstanding any other provision of this Agreement to the contrary, if the Participant is a “specified employee” within the meaning of Section 409A of the Code, and is subject to
U.S. federal income tax, no payments in respect of any Restricted Stock Unit that is “deferred compensation” subject to Section 409A of the Code and which would otherwise be payable upon the Participant’s “separation from
service” (as defined in Section 409A of the Code) will be made to the Participant prior to the date that is six months after the date of the Participant’s “separation from service” or, if earlier, the Participant’s date
of death. Following any applicable six-month delay, all such delayed payments will be paid in a single lump sum on the earliest date permitted under Section 409A of the Code that is also a business day.
The Participant is solely responsible and liable for the satisfaction of all taxes and penalties under Section 409A of the Code that may be imposed on or in respect of the Participant in connection with this Restricted Stock Unit Agreement, and
the Company will not be liable to any Participant for any payment made under the Plan or this Restricted Stock Unit Agreement that is determined to result in an additional tax, penalty or interest under Section 409A of the Code, nor for
reporting in good faith any payment made under this Restricted Stock Unit Agreement as an amount includible in gross income under Section 409A of the Code. 

16. Exhibit for Non U.S. Participants. If the Participant is residing and/or working outside of the United States, the
Restricted Stock Units shall be subject to any special provisions set forth in Exhibit A to this Restricted Stock Unit Agreement. If the Participant becomes based outside the United States while holding any Restricted Stock Units, the special
provisions set forth in Exhibit A shall apply to the Participant to the extent that the Company determines that the application of such provisions is necessary or advisable for legal or administrative reasons. Moreover, if the Participant relocates
between any of the 

  
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countries included on Exhibit A, the special provisions set forth in Exhibit A for such country shall apply to the Participant to the extent that the Company determines that the application of
such provisions is necessary or advisable for legal or administrative reasons. Exhibit A constitutes part of this Restricted Stock Unit Agreement. 

17. Plan. The terms and provisions of the Plan are incorporated herein by reference. In the event of a conflict or inconsistency
between the terms and provisions of the Plan and the provisions of this Restricted Stock Unit Agreement, the Plan shall govern and control. 

  
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