Document:

SUPERVALU INC. 1983 Employee Stock Option Plan, as amended

 Exhibit 10.20 
 SUPERVALU INC. 
 1983 EMPLOYEE STOCK OPTION PLAN 
 Section 1. Purpose. The purpose of this Plan is to promote the interests of SUPERVALU INC., a Delaware corporation (the “Corporation”), and its
stockholders by encouraging selected key salaried management employees of the Corporation, and members of the Board of Directors who are not also employees of the Corporation, to invest in shares of the Corporation’s Common Stock with the
increased personal interest and effort in the continued success and progress of the business that stock ownership can produce, and by providing additional means of attracting and retaining competent executive personnel and directors. 
 Section 2. Administration; Granting of Options. The Plan shall be administered by the Board of Directors of the Corporation. 
 The Board of Directors shall have full authority in its discretion, but subject to the express provisions of the Plan, to: 
 (a) determine the purchase price of the Common Stock covered by each option; 
 (b) determine the persons to whom and the time or times at which options shall be granted; 
 (c) determine the number of shares to be subject to each option; 
 (d) determine terms and provisions (and amendments thereof) of the respective option agreements (which need not be identical), including such terms and provisions (and amendments) as shall be required in the judgment
of the Board to conform to any law or regulation applicable thereto; 
 (e) determine which options shall be Incentive Stock Options within
the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”); 
 (f) accelerate the time at which
all or any part of an option may be exercised; 
 (g) modify or amend any outstanding option agreement subject to the consent of optionee;

 (h) interpret the Plan and prescribe, amend and rescind rules and regulations relating to it; 
 (i) make all other determinations deemed necessary or advisable for the administration of the Plan. 
 All decisions, determinations and selections made by the Board of Directors on the foregoing matters shall be conclusive. 
 The granting of an option pursuant to the Plan shall be effective only when an option is duly awarded to an employee or director by the Board of
Directors. 

 The Executive Committee of the Corporation, in addition to and not to the exclusion of the Board of
Directors of the Corporation, is authorized to exercise all of the powers authorized and conferred by the Plan on the Board of Directors other than the power under Section 12 of this Plan to terminate and amend the Plan. 
 The Board of Directors may also authorize, at any time, the formation of a Stock Option Committee (the “Committee”), consisting of three or
more members appointed from time to time by the Board, which Committee would have authority to exercise the powers conferred on the Board under the Plan, other than the power under Section 12 herein to terminate and amend the Plan. In addition,
the Board of Directors may authorize, at any time, the Chief Executive Officer of the Corporation to extend the period of exercise of certain Incentive Stock Options and non-incentive (non-qualified) stock options in accordance with the provisions
set forth in the option agreement. 
 Section 3. Eligibility; Factors to be Considered in Granting Stock Options. 
 Incentive Stock Options may be granted only to key salaried management employees (which term, as used herein, includes officers) of the Corporation and of
its present and future subsidiary corporations. Options which do not qualify as Incentive Stock Options may be granted to key salaried management employees of the Corporation and of its present and future subsidiary corporations and to members of
the Board of Directors of the Corporation who are not also employees of the Corporation or one of its subsidiaries (“Non-Employee Directors”), provided, however, that options shall be granted to Non-Employee Directors only pursuant to
Section 7 hereof. 
 In determining the employees to whom options shall be granted and the number of shares to be covered by each such
option, the Board of Directors may take into account the nature of the services rendered by the respective employees, their present and potential contributions to the success of the Corporation and such other factors as the Board of Directors, in
its discretion, shall deem relevant. 
 Subject to the provisions of Section 10 herein, an employee who has been granted an option under
the Plan or under any prior stock option plan of the Corporation may be granted an additional option or options under the Plan if the Board of Directors shall so determine. 
 Section 4. Shares Subject to the Plan. Subject to adjustment as provided in Section 11 herein: 
 (a) the stock to be offered under the Plan shall be shares of the Corporation’s authorized Common Stock, par value $1.00 per share, which may be either shares reacquired and held in the treasury of the Corporation or authorized but
unissued shares; and 
 (b) the aggregate number of shares which may be issued under all options granted pursuant to the Plan shall be
4,500,000 shares. 
 Shares subject to, but not issued under, any option terminating or expiring for any reason prior to exercise thereof in
full shall again be available for other options thereafter granted under the Plan. 
  

 2 

 Section 5. Term of Plan and of Each Option Agreement; Exercise of Options. The period during which options
may be granted under the Plan shall expire February 7, 1999. The term of each option so granted shall expire not more than ten years from the date the option is granted. 
 The Board of Directors may determine at the time of granting whether each such option is exercisable in full, in part from time to time or in
installments, which may be cumulative from year to year during such term to the extent not exercised in a prior year; provided, however, that notwithstanding the foregoing, from and after a Change of Control (as hereinafter defined), all options
granted under the Plan, including options granted to Non-Employee Directors pursuant to Section 7 hereof, shall become immediately exercisable to the full extent of the original award. As used herein, “Change of Control” shall mean
any of the following events: 
 (i) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then outstanding
shares of common stock of the Corporation or (B) the combined voting power of the then outstanding voting securities of the Corporation entitled to vote generally in the election of directors; provided, however, that for purposes of this
subsection (i), the following acquisitions shall not constitute a Change of Control; (A) any acquisition directly from the Corporation or (B) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by
the Corporation or any corporation controlled by the Corporation; or 
 (ii) the consummation of any merger or other business combination of
the Corporation, sale or lease of the Corporation’s assets or combination of the foregoing transactions (the “Transactions”) other than a Transaction immediately following which the shareholders of the Corporation and any trustee or
fiduciary of any Corporation employee benefit plan immediately prior to the Transaction own at least 60% of the voting power, directly or indirectly, of (A) the surviving corporation in any such merger or other business combination;
(B) the purchaser or lessee of the Corporation’s assets; or (C) both the surviving corporation and the purchaser or lessee in the event of any combination of Transactions; or 
 (iii) within any 24 month period, the persons who were directors immediately before the beginning of such period (the “Incumbent Directors”)
shall cease (for any reason other than death) to constitute at least a majority of the Board of Directors of the Corporation or the board of directors of a successor to the Corporation. For this purpose, any director who was not a director at the
beginning of such period shall be deemed to be an Incumbent Director if such director was elected to the Board of Directors of the Corporation by, or on the recommendation of or with the approval of, at least three-fourths of the directors who then
qualified as Incumbent Directors (so long as such director was not nominated by a person who has expressed an intent to effect a Change of Control or engage in a proxy or other control contest); or 
 (iv) such other event or transaction as the Board of Directors of the Corporation shall determine constitutes a Change of Control. 
  

 3 

 Options granted under this Plan need not be identical with respect to the terms of exercise thereof.
Subject only to the foregoing limitations, options may be exercised in whole at any time or in part from time to time during the option term by serving written notice of exercise on the Corporation, accompanied by payment of the purchase price.

 The Board of Directors or the Committee, as the case may be, may grant “restoration” options, separately or together with
another option, pursuant to which, subject to the terms and conditions established by the Board of Directors or the Committee, as the case may be, and any applicable requirements of Rule 16b-3 promulgated under the Exchange Act or any other
applicable law, the optionee would be granted a new option when the payment of the exercise price of the option to which such “restoration” option relates is made by the delivery of shares of the Corporation’s Common Stock owned by
the optionee, as described in Section 6 hereof, which new option would be an option to purchase the number of shares not exceeding the sum of (a) the number of shares of the Corporation’s Common Stock tendered as payment upon the
exercise of the option to which such “restoration” option relates, (b) the number of shares of the Corporation’s Common Stock, if any, tendered as payment of the amount to be withheld under applicable income tax laws in
connection with the exercise of the option to which such “restoration” option relates, as described in Section 14 hereof, and (c) the number of shares of the Corporation’s Common Stock, if any, previously owned by the
optionee that are tendered as payment for additional tax obligations of the optionee in connection with the exercise of the option to which such “restoration” option relates, as described in Section 14 hereof. “Restoration”
options may be granted with respect to options previously granted under this Plan or any prior stock option plan of the Corporation, and may be granted in connection with any option granted under this Plan (other than an option granted to a
Non-Employee Director pursuant to Section 7 hereof) at the time of such grant. The purchase price of the Common Stock under each such new option, and the other terms and conditions of such option, shall be determined by the Board of Directors
or the Committee, as the case may be, consistent with the provisions of the Plan. 
 Section 6. Option Prices. Except with respect to options
granted to Non-Employee Directors pursuant to Section 7 hereof, the purchase price of the Common Stock under each option shall be determined by the Board of Directors, but shall not be less than 100% of the fair market value of the Common Stock
at the time of granting the option as found by the Board. 
 The purchase price of the shares as to which an option shall be exercised shall
be paid in full in cash at the time of exercise as shall be provided in the option agreement, and any optionee, without limitation, shall also be entitled to pay the exercise price by tendering to the Corporation shares of the Corporation’s
Common Stock, previously owned by the optionee, having a fair market value on the date of exercise equal to the option price (or the portion thereof not paid in cash). 
 Section 7. Options to Non-Employee Directors. The Board of Directors or the Committee, as the case may be, shall issue options which do not qualify as Incentive Stock Options to Non-Employee Directors in
accordance with this Section 7. 
 Each Non-Employee Director serving on the Corporation’s Board of Directors immediately following
the Annual Meeting of Stockholders of the Corporation on June 30, 1992 

  

 4 

 
shall be granted, as of June 30, 1992, an option to purchase 3,000 shares of Common Stock. Each Non-Employee Director first elected or appointed to the
Corporation’s Board of Directors after June 30, 1992 and during the term of the Plan shall be granted, as of the date of such Director’s first election or appointment to the Board of Directors, an option to purchase 3,000 shares of
Common Stock. After the initial grant to each Non-Employee Director as set forth above in this Section 7, each such Director shall be granted during the term of the Plan, as of the date of the Corporation’s Annual Meeting of Stockholders
in each even-numbered year, if such Director’s term of office continues after such Annual Meeting, an option to purchase 3,000 shares of Common Stock. 
 Each option granted to a Non-Employee Director pursuant to this Section 7 shall have an exercise price equal to the fair market value of the shares of Common Stock as of the date of grant and shall expire on the
tenth anniversary of the date of grant. “Restoration” options may not be granted to any Non-Employee Director. This Section 7 shall not be amended more than once every six months other than to comport with changes in the Code, the
Employee Retirement Income Security Act or the rules and regulations thereunder. 
 Section 8. Additional Terms. Options granted under the Plan
shall not be affected by any change of duties or position so long as the optionee continues to be an employee of the Corporation or of a subsidiary (or continues to be a Director of the Corporation in the case of any Non-Employee Director). Each
option agreement may contain such provisions as the Board of Directors shall approve with reference to the effect of approved leaves of absence, provided that with respect to Incentive Stock Options such provisions conform to the requirements of the
Code. 
 Nothing in the Plan or in any option granted pursuant thereto shall confer on any person any right to continue in the employ of the
Corporation or of any of its subsidiaries (or to continue as a Director of the Corporation in the case of any Non-Employee Director) or affect, in any way, the right of the Corporation or any of its subsidiaries to terminate his employment (or to
terminate his directorship in the case of any Non-Employee Director) at any time. 
 No optionee, who is an employee of the Corporation at
the time of grant, may be granted any option or options for more than 250,000 Shares (subject to adjustment as provided for in Section 11), taking into account all such awards granted by the Corporation pursuant to any of its stock compensation
plans, in any calendar year period beginning with the period commencing January 1, 1997. 
 The foregoing annual limitation specifically
includes the grant of any options representing “qualified performance-based compensation” within the meaning of Section 162(m) of the Code. 
 Section 9. Death; Other Termination of Employment or Directorship. Each option agreement shall include provisions governing the disposition of an option in the event of the retirement, disability, death or other termination of
the employment or directorship of an optionee with the Corporation or an Affiliate. 
  

 5 

 Section 10. Incentive Stock Options. Except with respect to options granted to Non-Employee Directors
pursuant to Section 7 hereof, the Board of Directors is hereby authorized to determine, upon the granting of each option, whether such option shall be an Incentive Stock Option under Section 422 of the Code or shall be an option which is
not an Incentive Stock Option under Section 422. For Incentive Stock Options granted before January 1, 1987, the aggregate fair market value of the stock (determined as of the time the Incentive Stock Option is granted) covered under all
Incentives Stock Options granted (under this Plan and all other incentive stock option plans of the Corporation or any subsidiary), in any calendar year, shall not exceed $100,000 plus any unused limit carry-over (as provided under former
Section 422(c)(4) of the Code effective for options granted before January 1, 1987). For Incentive Stock Options granted after December 31, 1986, the aggregate fair market value (determined at the time the Incentive Stock Option is
granted) of the stock with respect to which all Incentive Stock Options are exercisable for the first time by an employee during any calendar year (under all plans described in subsection (b) of Section 422 of the Code of his employer
corporation and its parent and subsidiary corporations) shall not exceed $100,000. 
 Section 11. Adjustments Upon Changes in Capitalization.
Notwithstanding any other provision of the Plan, the Board of Directors may adjust the number and class of shares subject to each outstanding option and the option prices in the event of changes in the outstanding Common Stock of the Corporation by
reason of stock dividends, split-ups, recapitalizations, mergers, consolidations, combinations or exchanges of shares and the like. In the event of any such change in the outstanding Common Stock of the Corporation, the aggregate number and class of
shares available under the Plan shall be appropriately adjusted by the Board of Directors, whose determination shall be conclusive. 
 Section 12.
Termination and Amendment. The Plan may be terminated, modified or amended by the stockholders of the Corporation. 
 Subject to
Section 7 hereof, the Board of Directors of the Corporation may also terminate the Plan or make such modifications or amendments thereof as it shall deem advisable, or to conform to any change in any law or regulation applicable thereto;
provided, however, that the Board of Directors may not, without further approval by the holders of a majority of the outstanding stock of the Corporation having general voting power, make any modification or amendment which operates: 
 (a) to make any material change in the class of employees eligible to receive Incentive Stock Options as defined in Section 3 above; and 

(b) to increase the total number of shares for which options may be granted under the Plan, except as resulting from the operation of Section 11
above. 
 No termination, modification or amendment of the Plan may, without the consent of the employee to whom any option shall theretofore
have been granted, adversely affect the rights of such employee under such option. 
 Section 13. Effective Date of Plan. The Plan shall become
effective February 23, 1983, subject to approval by the shareholders of the Corporation within 12 months thereafter. 
  

 6 

 Section 14. Tax Withholding and Payment. Subject to such rules as the Board of Directors or the Committee may
adopt not inconsistent with the provisions of the Plan: 
 (a) At any time when an optionee is required to pay the Corporation an amount
required to be withheld under applicable income tax laws in connection with the exercise of an option which does not qualify as an Incentive Stock Option under Section 422 of the Code, the optionee may elect to deliver to the Corporation or
have the Corporation retain from the distribution, shares of Common Stock to satisfy this obligation in whole or in part (an “Election”). In addition to amounts required to be withheld to pay applicable taxes, subject to such terms and
conditions as the Committee shall determine in its sole and absolute discretion, the Committee may permit an optionee to elect to deliver to the Corporation shares of Common Stock (other than shares of Common Stock issuable upon exercise of the
option) with a fair market value equal to the amount of such additional federal and/or state income taxes imposed on the optionee in connection with the exercise of the option. The shares to be withheld or delivered shall be valued at 100% of the
fair market value of the shares on the date that the amount of tax required to be paid shall be determined (the “Tax Date”). For purposes of this Section 14(a), “fair market value” shall mean, with respect to any property
(including, without limitation, any Common Stock or other securities), the fair market value of such property determined by such methods or procedures as shall be established from time to time by the Board of Directors or a committee having the
requisite authority under the Plan. Notwithstanding the foregoing and unless otherwise determined by the Board of Directors or a committee having the requisite authority under the Plan, the fair market value of a share of Common Stock as of a given
date shall be, if the Common Stock is then listed on the New York Stock Exchange, the closing price of one share of Common Stock as reported on the New York Stock Exchange on such date or, if the New York Stock Exchange is not open for trading
on such date, on the next date that the New York Stock Exchange is open for trading. 
 (b) Each Election must be made prior to the Tax Date.
The Board or the Committee may disapprove of any Election, may suspend or terminate the right to make Elections, may limit the amount of any Election, may provide at the time of grant with respect to any option that the right to make Elections shall
not apply to such option and may make rules concerning the required information to be included in any Election. An Election is irrevocable. 
 (c) The Election may be made in an amount equal to the amount of tax required by law to be withheld with respect to the option exercise. Any fractional share withholding amount must be paid in cash. 
 (d) If an optionee makes an Election and the optionee’s Tax Date is deferred for six months from the date of exercise of the option, the optionee
will initially receive the full amount of the shares, but will be unconditionally obligated to surrender to the Corporation on the Tax Date the proper number of shares to satisfy the withholding obligation, plus cash for any remainder of the
withholding obligation including any fractional shares withholding amount. 
 (e) Optionees who are “officers” or
“directors” of the Corporation, as those terms are used in Section 16(b) of the Exchange Act, may only make an Election in compliance with the rules established by the Board or the Committee to comply with Section 16(b).

 Amended April 17, 2007 (Section 14(a) “fair market value” definition) 
  

 7SUPERVALU INC. Long-Term Incentive Plan, as amended

 Exhibit 10.25 
 SUPERVALU INC. 
 LONG-TERM INCENTIVE PLAN, as amended 
 Section 1. Establishment. 
 On February 13,
2002, the Board of Directors of SUPERVALU INC. (the “Company”), upon recommendation by the Executive Personnel and Compensation Committee (the “Committee”), approved an incentive plan for executives as described herein, which
plan shall be known as the “SUPERVALU INC. Long-Term Incentive Plan” (the “Plan”). The Plan shall be submitted for approval by the stockholders of the Company at the 2002 Annual Meeting of Stockholders. The Plan shall be
effective as of February 13, 2002, subject to its approval by the stockholders of the Company, and no shares shall be issued pursuant to the Plan until after the Plan has been approved by the stockholders of the Company. 
 Section 2. Purpose. 
 The purpose of the Plan is
to advance the interests of the Company and its stockholders by attracting and retaining key employees, and by stimulating the efforts of such employees to contribute to the continued success and progress of the business. The Plan is further
intended to provide such employees with an opportunity to increase their ownership of the Company’s common stock with the increased personal interest in the long-term success of the business that such stock ownership can produce. 
 Section 3. Administration. 
 3.1 Composition
of the Committee. The Plan shall be administered by the Committee, which shall consist of members appointed from time to time by the Board of Directors and shall be comprised of not less than such number of directors as shall be required to
permit Awards granted under the Plan to qualify under Rule 16b-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor rule or regulation
(“Rule 16b-3”). All members of the Committee shall be members of the Board of Directors of the Company who are “Non-Employee Directors” within the meaning of Rule 16b-3. To the extent required by Section 162(m) of the
Internal Revenue Code of 1986, as amended (such statute, as it may be amended from time to time and all proposed, temporary or final Treasury Regulations promulgated thereunder shall be referred to as the “Code”), the Committee
administering the Plan shall be composed solely of “outside directors” within the meaning of Section 162(m) of the Code. 
 3.2 Power and Authority of the Committee. The Committee shall have full power and authority, subject to all the applicable provisions of the Plan and applicable law, to (a) establish, amend, suspend or waive such rules and
regulations and appoint such agents as it deems necessary or advisable for the proper administration of the Plan, (b) construe, interpret and administer the Plan and any instrument or agreement relating to, or Award (as defined below in
Section 4.2) made under, the Plan, and (c) make all other determinations and take all other actions necessary or advisable for the administration of the Plan. Unless otherwise expressly provided in the Plan, each determination made and
each action taken by the Committee pursuant to the Plan or any instrument or agreement relating to, or Award made under, the Plan shall be 

 
(x) within the sole discretion of the Committee, (y) may be made at any time and (z) shall be final, binding and conclusive for all purposes
on all persons, including, but not limited to, holders of Awards, and their legal representatives and beneficiaries, and employees of the Company or of any “Affiliate” of the Company. For purposes of the Plan and any instrument or
agreement relating to, or Award made under, the Plan, the term “Affiliate” shall mean any entity that, directly or indirectly through one or more intermediaries, is controlled by the Company and any entity in which the Company has a
significant equity interest, in each case as determined by the Committee in its sole discretion. 
 3.3 Delegation. The Committee may
delegate its powers and duties under the Plan to one or more officers of the Company or any Affiliate or a committee of such officers, subject to such terms, conditions and limitations as the Committee may establish in its sole discretion; provided,
however, that the Committee shall not delegate its power (i) to amend the Plan as provided in Section XI hereof (ii) with respect to any Performance Based Awards pursuant to Section 6.7 of the Plan, (iii) to make determinations
regarding officers or directors of the Company or any Affiliate who are subject to Section 16 of the Exchange Act, and (iv) in such a manner as would contravene Section 157 of the Delaware General Corporation Law. 
 Section 4. Eligibility And Participation. 
 4.1
Eligibility. The Plan is unfunded and is maintained by the Company for a select group of management or highly compensated employees. In order to be eligible to participate in the Plan, an employee of the Company or of its Affiliates must be
selected by the Committee. In determining the employees who will participate in the Plan, the Committee may take into account the nature of the services rendered by the respective employees, their present and potential contributions to the success
of the Company and such other factors as the Committee, in its sole discretion, shall deem relevant. A director of the Company or of an Affiliate who is not also an employee of the Company or an Affiliate shall not be eligible to participate in the
Plan. 
 4.2 Participation. The Committee shall determine the employees to be granted an award opportunity (the “Award”),
the amount of each Award, the time or times when Awards will be made, the period of time over which such Awards are intended to be earned, and all other terms and conditions of each Award. The provisions of the Awards need not be the same with
respect to any recipient of an Award (the “Participant”) or with respect to different Participants. The Committee’s decision to approve an Award to an employee in any year shall not require the Committee to approve a similar Award or
any Award at all to that employee or any other employee or person at any future date. The Company and the Committee shall not have any obligation for uniformity of treatment of any person, including, but not limited to, Participants and their legal
representatives and beneficiaries and employees of the Company or of any Affiliate of the Company. 
 4.3 Award Agreement. Any
employee selected for participation by the Committee shall, as a condition of participation, execute and return to the Committee a written agreement setting forth the terms and conditions of the Award (the “Award Agreement”).
Notwithstanding the immediately preceding sentence, an Award Agreement also may be in an electronic medium and need not be signed by a representative of the Company or the Participant and may be 

  

 2 

 
delivered and accepted through any electronic medium in accordance with procedures established by the Company. A separate Award Agreement will be entered
into between the Company and each Participant for each Award. 
 4.4 Employment. In the absence of any specific agreement to the
contrary, no Award to a Participant under the Plan shall affect any right of the Company, or of any Affiliate of the Company, to terminate, with or without cause, the Participant’s employment at any time. 
 Section 5. Shares Subject To The Plan. 
 5.1
Shares Subject to Plan. Subject to adjustment as provided in Section 5.3 hereof, the maximum number of shares or units equivalent to shares with respect to which Awards may be granted under the Plan shall not exceed in the aggregate
800,000 shares (the “Shares”) of the Company’s common stock, par value $1.00 per Share (the “Common Stock”). The payment of cash dividends or dividend equivalents in conjunction with an Award shall not be counted against the
Shares available for grant. Shares to be issued pursuant to the Plan shall be made available from treasury, from authorized but unissued shares of Common Stock, or from shares reacquired by the Company, including shares purchased in the open market.
For purposes of this Section V, the maximum number of Shares to which an Award relates shall be counted on the date such Award was made against the aggregate number of Shares available for grant under the Plan. 
 5.2 Reacquired Shares. If any Shares to which an Award relates are forfeited, or if an Award is otherwise canceled or terminated or expires
without delivery of the maximum number of Shares (or cash for the maximum number of Shares) to which such Award relates, then the number of Shares with respect to such Award, to the extent of any such forfeiture, cancellation, termination or
expiration, shall again be available for grant under the Plan. 
 5.3 Adjustments Upon Changes In Capitalization. In the event that
the Committee shall determine that any dividend or other distribution (whether in the form of cash, Common Stock, other securities or other property), stock split, reverse stock split, reorganization, recapitalization, merger, consolidation,
combination, split-up, spin-off, repurchase or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or
event affects the Common Stock such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the
Committee may make such adjustments, if any, as it may deem appropriate in the aggregate number of and class of Shares (or other securities or other property) issuable pursuant to Section 5.1 and pursuant to any outstanding Award under the
Plan. The Committee’s determination of such adjustments shall be final, binding and conclusive. 
 Section 6. Awards. 
 6.1 General. The Committee shall determine the Award or Awards to be made to each Participant, and each Award shall be subject to the terms and
conditions of the Plan and the applicable Award Agreement. An Award may be made in the form of Shares or in the form of 

  

 3 

 
units equivalent to Shares (the “Stock Units”). Awards may be granted singly or in combination, or in addition to, in tandem with or in
substitution for any grants or rights under any employee or compensation plan of the Company or of any Affiliate. All or part of an Award may be subject to conditions and forfeiture provisions established by the Committee, and set forth in the Award
Agreement, which may include, but are not limited to, continuous service with the Company or an Affiliate, achievement of specific business objectives, and other measurement of individual, business unit or Company performance. 
 6.2 Award of Shares. If an Award is granted in the form of Shares, such Award shall, at the option of the Company, be evidenced by book entry
Shares held in the Participant’s name on the records of the Company’s transfer agent or by the issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. Such book entry Shares or
certificate or certificates shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Award to indicate restriction on transferability
(“Restricted Stock”) until the Participant has met designated performance and/or length of employment requirements, if any, and the determination of the number of Shares, if any, that are to be forfeited pursuant to the terms of the Award
is made. Until such time as all restrictions are removed, Restricted Stock shall not be transferable. 
 6.3 Award of Stock Units. If
an Award is granted in the form of Stock Units, no certificates shall be issued with respect to such Stock Units, but the Company shall maintain a bookkeeping account in the name of the Participant to which the Stock Units shall relate. Each Stock
Unit shall represent the right to receive a payment of one Share, or cash of equivalent value to the Fair Market Value (as defined in the following sentence) of the Company’s Common Stock at the time payment is made, or a continuing Stock Unit,
or other Awards, or a combination thereof, with such restrictions and conditions as the Committee may determine in its sole discretion, including, but not limited to, the restriction of such Shares as Restricted Stock. “Fair Market Value”
shall mean, with respect to any property (including, without limitation, any Shares or other securities), the fair market value of such property determined by such methods or procedures as shall be established from time to time by the Committee.
Notwithstanding the foregoing and unless otherwise determined by the Committee, the Fair Market Value of a Share as of a given date shall be, if the Shares are then listed on the New York Stock Exchange, the closing price of one Share as
reported on the New York Stock Exchange on such date or, if the New York Stock Exchange is not open for trading on such date, on the next date that the New York Stock Exchange is open for trading. 
 6.4 Voting Rights, Dividends and Dividend Equivalents. The Committee, in its sole discretion, may provide that Awards of Shares may contain voting
rights and may earn dividends and that any Award may earn dividend equivalents. Such dividends or dividend equivalents may be paid currently or may be credited to an account established by the Committee under the Plan in the name of the Participant.
Any crediting of dividend or dividend equivalents may be subject to such restrictions and conditions as the Committee may establish in its sole discretion, including reinvestment in additional Shares or Share equivalents. 
 6.5 Payment of Awards. Payment of Awards may be made at such times, with such restrictions and conditions, and in such forms (cash, stock,
including Restricted Stock, Stock Units, other Awards, or combinations thereof) as the Committee in its sole discretion may determine at the time of grant of the Awards. 
  

 4 

 6.6 Securities Matters. No Shares shall be issued under the Plan prior to such time as counsel to
the Company shall have determined that the issuance and delivery of such Shares will not violate any federal or state securities or other laws. Participants may be required by the Company, as a condition to the grant of an Award or the issuance of
Shares under the Plan, to agree in writing that all Shares to be acquired pursuant to the Plan shall be held for his or her own account without a view to any further distribution thereof, that the certificates for the Shares shall bear an
appropriate legend to that effect, and that such Shares will not be transferred or disposed of except in compliance with applicable federal and state laws. The Company may, in its sole discretion, defer the effectiveness of any Award or the payment
of any Award under the Plan in order to allow the issuance of Shares pursuant thereto to be made pursuant to registration or an exemption from registration or other methods for compliance available under federal or state securities laws. The Company
shall be under no obligation to effect the registration pursuant to the Securities Act of 1933, as amended, of any Shares to be issued under the Plan or to effect similar compliance under any state law. If Shares are traded on a securities exchange,
the Company shall not be required to deliver to the Participant certificates representing any Shares unless and until such Shares have been admitted for trading on such securities exchange. 
 6.7 Qualified Performance-Based Compensation. From time to time, the Committee may designate an Award granted pursuant to the Plan as an award of
“qualified performance-based compensation” within the meaning of Section 162(m) of the Code (hereinafter referred to as a “Performance-Based Award(s)”). Notwithstanding any other provision of the Plan to the contrary, the
following additional requirements shall apply to all Performance-Based Awards made to any Participant under the Plan: 
 (a) Any Performance
Based Award shall be null and void and have no effect whatsoever unless the Plan shall be approved by the stockholders of the Company at the 2002 annual meeting of stockholders. 
 (b) For purposes of Section 162(m) of the Code, the only employees eligible to receive Performance-Based Awards shall be the employees identified in
Section 4.1 hereof. 
 (c) The right to obtain Restricted Stock or the right to have a Stock Unit become payable in any fashion pursuant
to a Performance-Based Award shall be determined solely on account of the attainment of one or more preestablished, objective performance goals for a performance period selected by the Committee at the time of the grant of the Performance-Based
Award. Such goals shall be based solely on one or more of the following business criteria, which may apply to the individual in question, an identifiable business unit or the Company as a whole: stock price, market share, sales, earnings per share,
return ratios, cumulative total return to shareholders, consolidated pre-tax earnings, net revenues, net earnings, operating income, earnings before interest and taxes, and cash flow, for the applicable performance period based on absolute Company
or business unit performance and/or performance as compared to a pre-selected peer group of companies or external financial index and subject to such other special rules and conditions as the Committee may establish at any time ending on or before
the 90th day of the applicable performance period. The foregoing shall constitute the sole business criteria upon which the performance goals under this Plan shall be based. 
  

 5 

 (d) The maximum number of Shares, whether or not in the form of Restricted Stock, which may be issued to
any Participant pursuant to any Performance-Based Award in any calendar year period beginning with the period commencing January 1, 2002, shall not exceed 100,000 shares (subject to adjustment as provided for in Section 5.3). 

(e) Not later than 90 days after the beginning of each performance period selected by the Committee for a Performance-Based Award, the Committee shall:

 (i) designate all Participants for such performance period; and 
 (ii) establish the objective performance factors for each Participant for that performance period on the basis of one or more of the business criteria
set forth herein. 
 (f) Following the close of each performance period and prior to payment of any amount to any Participant under a
Performance-Based Award, the Committee must certify in writing as to the attainment of all factors (including the performance factors for a Participant) upon which any payments to a Participant for that performance period are to be based.

 (g) Each of the foregoing provisions and all of the other terms and conditions of the Plan as it applies to any Performance-Based Award
shall be interpreted in such a fashion so as to qualify all compensation paid thereunder as “qualified performance-based compensation” within the meaning of Section 162(m) of the Code. 
 Section 7. Termination Of Employment. 
 Each
Award Agreement shall include provisions governing the disposition of an Award in the event of the retirement, disability, death or other termination of a Participant’s employment with the Company or an Affiliate. 
 Section 8. Change In Control. 
 Notwithstanding
any other provision in the Plan to the contrary, at the time of the grant of an Award, the Committee may determine to include provisions in such Award providing that upon the occurrence of a “Change in Control,” (i) all outstanding
Awards (including Restricted Stock and Stock Units) shall immediately become fully vested (which, in the case of any Award which is subject to the achievement of designated performance objectives during a designated performance period, shall mean
vested as if all such performance objectives had been achieved at the 100% award level at the end of such performance period) and (ii) all restrictions, conditions and limitations on all Awards (including Restricted Stock and Stock Units) which
are outstanding at the time of such “Change in Control” or become outstanding by virtue of the operation of clause (i) hereof shall immediately lapse, provided that the provisions of clauses (i) and (ii) may be subject to
such restrictions, conditions and limitations as the Committee may determine at the time of grant of the Award as set forth in the Award Agreement relating thereto. 
  

 6 

 For purposes of the Plan, “Change in Control” shall mean any of the following events:

 1. The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then outstanding shares of common stock of the Company 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 this subsection 1, the following acquisitions shall not
constitute a Change in Control; (A) any acquisition directly from the Company or (B) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or

 2. The consummation of any merger or other business combination of the Company, sale or lease of all or substantially all of the
Company’s assets or combination of the foregoing transactions (the “Transactions”) other than a Transaction immediately following which the shareholders of the Company and any trustee or fiduciary of any Company employee benefit plan
immediately prior to the Transaction own at least 60% of the voting power, directly or indirectly, of (A) the surviving corporation in any such merger or other business combination; (B) the purchaser or lessee of the Company’s assets;
or (C) both the surviving corporation and the purchaser or lessee in the event of any combination of Transactions; or 
 3. Within any
24 month period, the persons who were directors immediately before the beginning of such period (the “Incumbent Directors”) shall cease (for any reason other than death) to constitute at least a majority of the Board of Directors of the
Company or the board of directors of a successor to the Company. For this purpose, any director who was not a director at the beginning of such period shall be deemed to be an Incumbent Director if such director was elected to the Board of Directors
of the Company by, or on the recommendation of or with the approval of, at least three-fourths of the directors who then qualified as Incumbent Directors (so long as such director was not nominated by a person who has expressed an intent to effect a
Change in Control or engage in a proxy or other control contest); or 
 4. Such other event or transaction as the Board of Directors of the
Company shall determine constitutes a Change in Control. 
 Section 9. Non-Transferability. 
 Except as otherwise determined by the Committee or set forth in the applicable Award Agreement, no Restricted Stock or Stock Unit, and no right under such
Restricted Stock or Stock Unit, shall be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of during the time in which the requirement of continued employment or attainment of performance objectives has not been achieved. Each
right under any Award shall be exercisable during the Participant’s lifetime only by the Participant or, if permissible under applicable law, by the Participant’s legal representatives. 
 Section 10. Taxes. 
 In order to comply with all
applicable federal or state income, social security, payroll, withholding or other tax laws or regulations, the Company may take such action, and may 

  

 7 

 
require a Participant to take such action, as it deems appropriate to ensure that all applicable federal or state income, social security, payroll,
withholding or other taxes, which are the sole and absolute responsibility of the Participant, are withheld or collected from such Participant. In order to assist a Participant in paying all or part of the federal and state taxes to be withheld or
collected upon receipt or payment of (or the lapse of restrictions relating to) an Award, the Committee, in its sole discretion and subject to such additional terms and conditions as it may adopt, may permit the Participant to satisfy such tax
obligation by (a) electing to have the Company withhold a portion of the shares of Common Stock otherwise to be delivered upon receipt or payment of (or the lapse of restrictions relating to) such Award with a Fair Market Value equal to the
amount of such taxes or (b) delivering to the Company shares of Common Stock other than the shares issuable upon receipt or payment of (or the lapse of restrictions relating to) such Award with a Fair Market Value equal to the amount of such
taxes. 
 Section 11. Amendment And Termination. 
 11.1 Term of Plan. Unless the Plan shall have been discontinued or terminated as provided in Section 11.2 hereof, the Plan shall terminate on the last day of the Company’s fiscal year ending in 2008.
No Awards may be granted after such termination, but termination of the Plan shall not alter or impair any rights or obligations under any Award theretofore granted, without the consent of the Participant or holder or beneficiary thereof, except as
otherwise provided in the Plan or the Award Agreement. 
 11.2 Amendments to Plan. Except to the extent prohibited by applicable law
and unless otherwise expressly provided in the Plan, the Committee may amend, alter, suspend, discontinue or terminate the Plan; provided, however, that notwithstanding any other provision of the Plan or any Award Agreement, without the approval of
the stockholders of the Company, no such amendment, alteration, suspension, discontinuation or termination shall be made that, absent such approval: 
 (a) would cause Performance-Based Awards not to qualify as “qualified performance-based compensation” within the meaning of Section 162(m) of the Code; or 
 (b) would violate the rules or regulations of any securities exchange that are applicable to the Company. 
 11.3 Amendments to Awards. Except to the extent prohibited by applicable law and unless otherwise expressly provided in the Plan or an Award
Agreement, the Committee may waive any condition of, or rights of the Company under, any outstanding Award, prospectively or retroactively. The Committee may not amend, alter, suspend, discontinue or terminate any outstanding Award, prospectively or
retroactively, in any manner that adversely affects any Award, without the consent of the Participant or holder or beneficiary thereof, except as otherwise provided in the Plan or the Award Agreement. 
 11.4 Correction of Defects, Omissions and Inconsistencies. Except to the extent prohibited by applicable law and unless otherwise expressly
provided in the Plan or an Award Agreement, the Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan, any Award or any Award Agreement in the manner and to the extent it shall deem desirable to carry the
Plan into effect. 
  

 8 

 Section 12. Miscellaneous. 
 12.1 Governing Law. The Plan and any Award Agreement shall be governed by and construed in accordance with the internal laws, and not the laws of conflicts, of the State of Delaware. 
 12.2 Severability. If any provision of the Plan, any Award or any Award Agreement is or becomes or is deemed to be invalid, illegal or
unenforceable in any jurisdiction or would disqualify the Plan, any Award or any Award Agreement under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be
so construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of the Plan, the Award or the Award Agreement, such provision shall be stricken as to such jurisdiction, and the remainder of
the Plan, any such Award or any such Award Agreement shall remain in full force and effect. 
 12.3 No Trust or Fund Created. Neither
the Plan nor any Award or Award Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other person. To the extent that any
person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or of any Affiliate. 
 12.4 Headings. Headings are given to the sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 
 Adopted April 30, 2002

 Amended April 17, 2007 (“Fair Market Value” definition) 
  

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]