Document:

EX-10.33

 Exhibit 10.33 
 Execution Version 
 CDW CORPORATION 

STOCKHOLDERS AGREEMENT 
 THIS STOCKHOLDERS AGREEMENT (this “Agreement”), dated as of June 10, 2013, is made by and among CDW Corporation, a Delaware corporation (the “Company”), Madison
Dearborn Capital Partners V-A, L.P., a Delaware limited partnership (“MDCP-A”), Madison Dearborn Capital Partners V-C, L.P., a Delaware limited partnership (“MDCP-C”), Madison Dearborn Capital Partners V
Executive-A, L.P., a Delaware limited partnership (“MDCP Executive” and, collectively with MDCP-A and MDCP-C, “MDCP”), Providence Equity Partners VI L.P., a Delaware limited partnership (“PEP-VI”),
Providence Equity Partners VI-A L.P., a Delaware limited partnership (“PEP-VI-A” and, together with PEP-VI, “PEP”), certain coworkers of the Company or its Subsidiaries (the “Management Members”)
and certain trusts to which the Management Members have previously transferred certain membership interests they held in Parent or which acquired certain membership interests directly (the “Management Member Trusts”, and together
with the Management Members, the “Management Stockholders”). MDCP and PEP are together referred to herein as the “Investors” and individually as an “Investor.” MDCP, PEP and the Management
Stockholders are collectively referred to herein as the “Stockholders” and individually as a “Stockholder.” Except as otherwise provided herein, capitalized terms used herein are defined in Section 4(a)
hereof. 
 WHEREAS, certain of the Stockholders and CDW Holdings LLC (“Parent”), a Delaware limited liability
company and the parent company of the Company, are party to a Unitholders Agreement, dated as of October 12, 2007 (the “Unitholders Agreement”). 
 WHEREAS, the Company has filed a registration statement with the Securities and Exchange Commission in connection with an initial public offering of its Common Stock (the “IPO”).

 WHEREAS, prior to the closing of the IPO, the Company will distribute shares of its Common Stock to Parent, and Parent will
subsequently distribute those shares of Common Stock to the Stockholders in exchange for the membership interests of Parent held by the Stockholders (the “Distribution”). 

WHEREAS, following the Distribution, Parent will liquidate pursuant to the terms of its Amended and Restated Limited Liability Company
Agreement, and the Unitholders Agreement will, accordingly, terminate. 
 WHEREAS, the Company and the Stockholders are entering
into this Agreement to, among other things, continue the covenants, obligations and agreements currently set forth in Section 3(d) of the Unitholders Agreement regarding the sale of shares of Common Stock of the Company held by Management
Holders (as defined below) following the IPO. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

 1. Representations and Warranties. Each Stockholder represents and warrants that
(a) such Stockholder is the owner of the number of Class A Common Units and Class B Common Units of Parent set forth opposite such Stockholder’s name on the Stockholders Schedule previously provided by the Company to such
Stockholders, (b) this Agreement has been duly authorized, executed and delivered by such Stockholder and constitutes the valid and binding obligation of such Stockholder, enforceable in accordance with its terms, and (c) such Stockholder
has not granted and is not a party to any proxy, voting trust or other agreement which is inconsistent with, conflicts with, or violates any provision of this Agreement. 
 2. Restrictions on Transfer of Common Stock. 
 (a) General Restrictions
on Transfer. Except as otherwise expressly provided in this Section 2, a Management Holder may Transfer Common Stock only at such time as one or both of the Investors are also selling Common Stock in a Sale Transaction and then only
up to a number of shares of Common Stock (a “Transfer Amount”) equal to the product of (1) the aggregate number of Management Holder Shares held by such Management Holder immediately prior to such Sale Transaction (excluding
for this purpose shares of Common Stock that are already transferable by such Management Holder as a result of one or more Transfer Amounts available to such Management Holder as a result of the application of the next occurring proviso below)
multiplied by (2) a fraction, the numerator of which is the aggregate number of shares of Common Stock being sold by the Investor Entities in such Sale Transaction and the denominator of which is the total number of shares of Common
Stock held by all Investor Entities immediately prior to such Sale Transaction; provided that, if at the time of any Sale Transaction by the Investors (including as part of the IPO as contemplated by Section 2(b)), a Management
Holder chooses not to Transfer any Transfer Amount or is otherwise restricted from Transferring or not permitted to Transfer all or any portion of any Transfer Amount at such time (including as part of the IPO), such Management Holder shall retain
the right to Transfer an aggregate number of shares of Common Stock in connection with a future Sale Transaction by the Investors (in addition to any rights to Transfer Common Stock in accordance with this Section 2 in connection with
such future Sale Transaction by the Investors) equal to such prior Transfer Amount(s) not sold by such Management Holder. Upon the written request from time to time of any Management Holder, the Company shall inform such Management Holder of the
number of shares of Common Stock that such Management Holder may transfer in reliance on this Section 2 subject to the terms and conditions hereof. In the event of a conflict between the provisions of this Section 2(a) and
the cutback provisions contained in the Registration Agreement, the provisions of this Section 2(a) shall control and the Investors agree that the cutbacks requested by the underwriters in a registered offering under the Registration
Agreement may be made on a non-pro rata basis as between the Management Stockholders and the Investors to accommodate such Transfer Amount(s). 
 (b) Intentionally Omitted. 
 (c) Notification of Planned Sale
Transactions. In the event that any Investor plans to sell Common Stock in a Sale Transaction, then, unless the Registration Agreement provides for different procedures applicable to such particular Sale Transaction (in which case, such
procedures set forth in the Registration Agreement shall control), such Investor will notify the Company in writing as promptly as practicable in advance of such Sale Transaction, and the 

  
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Company will, within 3 days after receiving such notice from such Investor, notify each Management Holder in writing of the proposed Sale Transaction, which written notice shall set forth
(i) such Management Holder’s Transfer Amount as a result of such Sale Transaction and (ii) the number of shares of Common Stock, if any, that are already transferable by such Management Holder as a result of one or more Transfer
Amounts available to such Management Holder as a result of the application of the proviso in the first sentence of Section 2(a)). The Management Holder shall be permitted to Transfer Common Stock pursuant to this Section 2
for a period of 30 days commencing on the date of the Sale Transaction by the Investor(s); provided that, in the event a Management Holder is unable to Transfer Common Stock at the time of such Sale Transaction as a result of a lock-up or
similar agreement to which such Management Holder is a party or as a result of the Company’s insider trading policies, the Management Holder will be permitted to Transfer Common Stock pursuant to and in accordance with this
Section 2 for a period of 15 days following the expiration of such lock-up or similar agreement and/or the lifting of any restrictions on Transfer as a result of the Company’s insider trading policies (provided that if such 15th day
falls on a weekend or bank holiday, the time period will expire at the close of business on the next business day thereafter). 

(d) Permitted Transfers. The restrictions on transfer set forth in Section 2(a) shall not apply to any Transfer of
Common Stock by a Management Stockholder (i) in the event of such Management Stockholder’s death, pursuant to will or applicable laws of descent or distribution, (ii) to his or her legal guardian (in case of any mental incapacity),
(iii) to a bona fide charitable organization or (iv) to or among his or her Family Group; provided that the restrictions contained in this Agreement will continue to be applicable to such Common Stock after any Transfer pursuant to
this Section 2(d). At least 15 days prior to the Transfer of Common Stock pursuant to this Section 2(d) (other than in the case of Transfers pursuant clauses (i) or (ii) above, in which case as promptly as practical
following such Transfer), the transferee(s) will deliver a written notice to the Company, which notice shall disclose in reasonable detail the identity of such transferee(s). Notwithstanding the foregoing, no Management Holder hereto shall avoid the
provisions of Section 2(a) by (A) making one or more Transfers to one or more Permitted Transferees and then disposing of all or any portion of such party’s interest in any such Permitted Transferee or (B) Transferring the
securities of any entity holding (directly or indirectly) Common Stock. 
 (e) Applicability of Restrictions on Transfer.
The restrictions on transfer set forth in this Section 2 shall begin on the date of the Distribution and continue until the third anniversary of the closing of the IPO; provided that, notwithstanding anything in this Agreement to
the contrary (i) the restrictions on transfer set forth in this Section 2 shall no longer apply to Common Stock that was originally issued to a Management Stockholder pursuant to the Distribution once such applicable Management
Member is no longer employed by the Company or any of its Subsidiaries, and (ii) the restrictions on transfer set forth in this Section 2 shall not apply to any shares of Common Stock acquired or received by a Management Member
after the closing of the IPO and not included in the Distribution (other than shares of Common Stock acquired upon exercise of stock options that are granted to such Management Member in connection with the Distribution). 

  
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 3. Effectiveness. This Agreement is being executed on the date hereof and shall
automatically become effective upon, but only upon, the consummation of the Distribution. Notwithstanding the foregoing, if the Distribution occurs but the IPO subsequently does not close by July 31, 2013, this Agreement shall be void and of no
further force or effect. 
 4. Definitions. 
 (a) The following terms, as used in this Agreement, have the following meanings: 

“Affiliate” means, with respect to a Person, another Person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, such Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the
ownership of voting securities, by contract or otherwise. 
 “Common Stock” means shares of the Company’s
common stock, par value $0.01 per share. 
 “Family Group” means, with respect to a Person who is an
individual, such Person’s spouse and descendants (whether natural or adopted), and any trust, family limited partnership, limited liability company or other entity wholly owned, directly or indirectly, by such Person or such Person’s
spouse and/or descendants that is and remains solely for the benefit of such Person and/or such Person’s spouse and/or descendants and any retirement plan for such Person. 

“Investor Entities” means, collectively, the Investors, the MDCP LP Entity and the PEP LP Entity. 

“Management Holder” means a Management Stockholder and its Permitted Transferees. 

“Management Holder Shares” means a number of shares of Common Stock equal to the shares of Common Stock received by a
Management Holder in connection with the Distribution plus the shares of Common Stock issuable upon exercise of the stock options granted to the applicable Management Member in connection with the Distribution. 

“MDCP LP Entity” means MDCP Co-Investors (CDW), L.P., a Delaware limited partnership. 

“PEP LP Entity” means PEP Co-Investors (CDW), L.P., a Delaware limited partnership. 

“Permitted Transferees” means (i) in the case of a Management Holder, a transferee of Common Stock permitted in
accordance with Section 2(d) herein, and (ii) in the case of an Investor, any Affiliate thereof. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 

  
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 “Public Sale” means any sale of Common Stock (i) to the public
pursuant to an offering registered under the Securities Act, and (ii) to the public pursuant to Rule 144 under the Securities Act (or any similar rule then in effect) effected through a broker, dealer or market maker. 

“Registration Agreement” means the Registration Agreement, dated as of October 12, 2007, by and among the Company,
the Stockholders and certain other parties signatory thereto, as amended from time to time. 
 “Sale
Transaction” means a Public Sale or in any other transaction in which an Investor Transfers shares of Common Stock to a party other than a Permitted Transferee. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time. 
 “Transfer” means to sell, transfer, assign, pledge or otherwise, directly or indirectly, dispose of (whether with or without consideration and whether voluntarily or involuntarily or by
operation of law). 
 (b) Whenever this Agreement requires a calculation of shares of Common Stock held by the Investors,
(i) in the case of MDCP, such calculation shall aggregate the number of shares of Common Stock held by MDCP, its Permitted Transferees and the MDCP LP Entity, and (ii) in the case of PEP, such calculation shall aggregate the number of
shares of Common Stock held by PEP, its Permitted Transferees and the PEP LP Entity. 
 5. Transfers in Violation of
Agreement. Any Transfer or attempted Transfer of any Common Stock in violation of any provision of this Agreement shall be void, and the Company shall not record such Transfer on its books or treat any purported transferee of such Common Stock
as the owner of such Common Stock for any purpose. 
 6. Termination. Subject to the provisions of Section 3
above, this Agreement shall terminate upon the earlier of (i) such time as the Investor Entities no longer hold any shares of Common Stock and (ii) the third anniversary of the closing of the IPO. 

7. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect
the validity, legality or enforceability of any other provision of this Agreement in such jurisdiction or affect the validity, legality or enforceability of any provision in any other jurisdiction, but this Agreement shall be reformed, construed and
enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 8.
Entire Agreement. Except as otherwise expressly set forth herein, this Agreement embodies the complete agreement and understanding among the parties hereto with respect to the subject matter hereof and supersedes and preempts any prior
understandings, agreements or 

  
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representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way, including the Unitholders Agreement, which will terminate following and
conditioned upon the Distribution, closing of the IPO and subsequent liquidation of Parent. For the avoidance of doubt, this Agreement shall not supersede or preempt any obligations of any Stockholder under any “lock up” agreement executed
by any Stockholder in connection with any registered offering of Common Stock from time to time during the term of this Agreement. 
 9. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement. 

10. Remedies. The Company and the Stockholders shall be entitled to enforce their rights under this Agreement specifically, to
recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that money damages alone would not be an adequate remedy for any breach of
the provisions of this Agreement and that the Company or any Stockholder may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive relief (without posting a bond or other
security) in order to enforce or prevent any violation of the provisions of this Agreement either as an exclusive remedy or in combination with claims for monetary damages. 
 11. Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, given by facsimile to the facsimile number set forth below, or mailed first
class mail (postage prepaid and return receipt requested) or sent by reputable overnight courier service (charges prepaid) to the Company and the Investors at the addresses and facsimile numbers set forth below and to any Management Stockholder at
the address for such individual in the Company’s personnel files and to any subsequent holder of Common Stock subject to this Agreement at such facsimile number or address as indicated by the Company’s records, or at such address or to the
attention of such other person as the recipient party has specified by prior written notice to the sending party. Notices shall be deemed to have been given hereunder when delivered personally, when confirmation of facsimile has been received by the
sender, three days after deposit in the U.S. mail and one day after deposit with a reputable overnight courier service. The Company’s address is: 
 CDW Corporation 
 200 N. Milwaukee Avenue 

Vernon Hills, Illinois 60061 
 Facsimile: (847) 968-0336 
 Attention: General Counsel 

with copies (which shall not constitute notice) to: 
 Madison Dearborn Partners, LLC 
 Three First National Plaza, Suite 3800 

Chicago, IL 60602 

Facsimile: (312) 895-1001 
 Attention: General Counsel 

  
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 Providence Equity Partners 

50 Kennedy Plaza, 18th Floor 
 Providence, RI 02903 
 Facsimile: (401) 751-1790 

Attention: Glenn Creamer 
         Michael Dominguez 

Kirkland & Ellis LLP 
 300 N. LaSalle 
 Chicago, IL 60654 

Facsimile: (312) 862-2200 
 Attention: Michael D. Paley, P.C. 
 12. Governing Law. All issues and
questions concerning the construction, validity, interpretation and enforceability of this Agreement and the schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any
choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

13. Waiver of Jury Trial. As a specifically bargained for inducement for each of the parties hereto to enter into this Agreement
(after having the opportunity to consult with counsel), each party hereto expressly waives the right to trial by jury in any lawsuit or proceeding relating to or arising in any way from this Agreement or the matters contemplated hereby. 

14. No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the
event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any of the provisions of this Agreement. 
 15. Descriptive Headings. The descriptive headings of this
Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
 * * * * 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Stockholders Agreement on the day
and year first written above. 
  

			
	CDW CORPORATION
		
	By:	 	 /s/ Thomas E. Richards

	Name:	 	Thomas E. Richards
	Its:	 	Chairman and Chief Executive Officer

  

  
 Signature page to
Stockholders Agreement 

 
			
	MADISON DEARBORN CAPITAL PARTNERS V-A, L.P.
		
	By:	 	Madison Dearborn Partners V-A&C, L.P.
	Its:	 	General Partner
		
	By:	 	Madison Dearborn Partners, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Robin P. Selati

	Its:	 	Managing Director
	
	MADISON DEARBORN CAPITAL PARTNERS V-C, L.P.
		
	By:	 	Madison Dearborn Partners V-A&C, L.P.
	Its:	 	General Partner
		
	By:	 	Madison Dearborn Partners, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Robin P. Selati

	Its:	 	Managing Director
	
	MADISON DEARBORN CAPITAL PARTNERS V EXECUTIVE-A, L.P.
		
	By:	 	Madison Dearborn Partners V-A&C, L.P.
	Its:	 	General Partner
		
	By:	 	Madison Dearborn Partners, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Robin P. Selati

	Its:	 	Managing Director

  

  
 Signature page to
Stockholders Agreement 

 
			
	PROVIDENCE EQUITY PARTNERS VI, L.P.
		
	By:	 	 /s/ Glenn M. Creamer

	Name:	 	Glenn M. Creamer
	Its:	 	Senior Managing Director
	
	PROVIDENCE EQUITY PARTNERS VI-A, L.P.
		
	By:	 	 /s/ Glenn M. Creamer

	Name:	 	Glenn M. Creamer
	Its:	 	Senior Managing Director

  

  
 Signature page to
Stockholders Agreement 

 
	
	 /s/ Thomas E. Richards

	Thomas E. Richards
	
	 /s/ Dennis G. Berger

	Dennis G. Berger
	
	 /s/ Neal J. Campbell

	Neal J. Campbell
	
	 /s/ Christina M. Corley

	Christina M. Corley
	
	 /s/ Douglas E. Eckrote

	Douglas E. Eckrote
	
	 /s/ Christine A. Leahy

	Christine A. Leahy
	
	 /s/ Christina V. Rother

	Christina V. Rother
	
	 /s/ Jonathan J. Stevens

	Jonathan J. Stevens
	
	 /s/ Matthew A. Troka

	Matthew A. Troka
	
	 /s/ Ann E. Ziegler

	Ann E. Ziegler

  

  
 Signature page to
Stockholders Agreement 

 
			
	Lindsay M. Richards Trust
		
	By:	 	 /s/ Mary Beth Richards

	Mary Beth Richards, Trustee
	
	Jason J. Richards Trust
		
	By:	 	 /s/ Mary Beth Richards

	Mary Beth Richards, Trustee

  

  
 Signature page to
Stockholders Agreement 

 
			
	Ann E. Ziegler IRA Northern Trust Bank
		
	By:	 	 /s/ Andrew J. Walker, Vice President

	Northern Trust, As Trustee, FBO Ann E. Ziegler
	
	Mark A. Orloff Irrevocable Trust
		
	By:	 	 /s/ Ann E. Ziegler

	Ann E. Ziegler, As Trustee
	
	Ann E. Ziegler 2012 Gift Trust
		
	By:	 	 /s/ Kathleen Cronin

	Kathleen Cronin, Trustee

  
 Signature page to
Stockholders AgreementEX-10.34

 Exhibit 10.34 
 CDW CORPORATION 
 2013 SENIOR MANAGEMENT INCENTIVE PLAN 

I. Purposes 
 The purposes of the CDW Corporation 2013 Senior Management Incentive Plan (the “Plan”) are to retain and motivate the officers and other employees of CDW Corporation and its subsidiaries who
have been designated by the Committee to participate in the Plan for a specified Performance Period by providing them with the opportunity to earn incentive payments based upon the extent to which specified performance goals have been achieved or
exceeded for the Performance Period. It is intended that all amounts payable after the Transition Period to Participants who are “covered employees” within the meaning of Section 162(m) of the Code will constitute “qualified
performance-based compensation” within the meaning of U.S. Treasury regulations promulgated thereunder, and the Plan and the terms of any Awards hereunder shall be so interpreted and construed to the maximum extent possible. 

II. Definitions 
 “Annual Base Salary” shall mean for any Participant an amount equal to the rate of annual base salary in effect or approved by the Committee or other authorized
person at the time or immediately before performance goals are established for a Performance Period, including any base salary that otherwise would be payable to the Participant during the Performance Period but for his or her election to defer
receipt thereof. 
 “Applicable Period” shall mean, with respect to
any Performance Period, a period commencing on or before the first day of the Performance Period and ending not later than the earlier of (a) the 90th day after the commencement of the Performance Period and (b) the date on which twenty-five percent (25%) of
the Performance Period has been completed. Any action required to be taken within an Applicable Period may be taken at a later date if permissible under Section 162(m) of the Code or U.S. Treasury regulations promulgated thereunder. 

“Award” shall mean an award to which a Participant may be entitled under the Plan if the
performance goals for a Performance Period are satisfied. An Award may be expressed as a fixed cash amount or pursuant to a formula that is consistent with the provisions of the Plan. 

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

“Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Committee” shall mean the Compensation Committee of the Board, which for Awards payable after the
Transition Period is intended to be comprised of members of the Board that are “outside directors” within the meaning of Section 162(m) of the Code, or such other committee designated by the Board that satisfies any then applicable
requirements of the principal national stock exchange on which the common stock of the Company is then traded to constitute a compensation committee, and which consists of two or more members of the Board, each of whom is an “outside
director” within the meaning of Section 162(m) of the Code. 

 “Company” shall mean CDW Corporation, a Delaware
corporation, and any successor thereto. 
 “Participant” shall mean an officer or other
employee of the Company or any of its subsidiaries who is designated by the Committee to participate in the Plan for a Performance Period, in accordance with Article III. 
 “Performance Period” shall mean any period for which performance goals are established pursuant to Article IV. A Performance Period may be coincident with one or more
fiscal years of the Company or a portion of any fiscal year of the Company. 
 “Plan”
shall mean the CDW Corporation 2013 Senior Management Incentive Plan as set forth herein, as it may be amended from time to time. 
 “Transition Period” shall mean the maximum transition period available to the Company under U.S. Treasury regulation Section 1.162-27(f), during which payments under the Plan
are exempt from the limitations of Section 162(m) of the Code. 
 III. Administration 

3.1. General. The Plan shall be administered by the Committee, which shall have the full power and authority
to interpret, construe and administer the Plan and Awards granted hereunder (including in each case reconciling any inconsistencies, correcting any defaults and addressing any omissions). The Committee’s interpretation, construction and
administration of the Plan and all its determinations hereunder shall be final, conclusive and binding on all persons for all purposes. 
 3.2. Powers and Responsibilities. The Committee shall have the following discretionary powers, rights and responsibilities in addition to those described in Section 3.1.

  

	 	(a)	to designate within the Applicable Period the Participants for a Performance Period; 

 

	 	(b)	to establish within the Applicable Period the performance goals and targets and other terms and conditions that are to apply to each Participant’s Award;

  

	 	(c)	to certify in writing prior to the payment with respect to any Award that the performance goals for a Performance Period and other material terms applicable to the
Award have been satisfied; 

  

	 	(d)	subject to Section 409A of the Code, to determine whether, and under what circumstances and subject to what terms, an Award is to be paid on a deferred basis,
including whether such a deferred payment shall be made solely at the Committee’s discretion or whether a Participant may elect deferred payment; and 

  

	 	(e)	to adopt, revise, suspend, waive or repeal, when and as appropriate, in its sole and absolute discretion, such administrative rules, guidelines and procedures for the
Plan as it deems necessary or advisable to implement the terms and conditions of the Plan. 

  
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 3.3. Delegation of Power. The Committee may delegate some or all
of its power and authority hereunder to the Chief Executive Officer or other executive officer of the Company as the Committee deems appropriate; provided, however, that with respect to any person who is a “covered employee”
within the meaning of Section 162(m) of the Code or who, in the Committee’s judgment, is likely to be a covered employee at any time during the applicable Performance Period or during any period in which an Award may be paid following a
Performance Period, only the Committee shall be permitted to (a) designate such person to participate in the Plan for such Performance Period, (b) establish performance goals and Awards for such person, and (c) certify the achievement
of such performance goals. 
 IV. Performance Goals 

The Committee shall establish within the Applicable Period of each Performance Period one or more objective performance goals (the
outcome of which, when established, shall be substantially uncertain) for each Participant or for any group of Participants (or both). To the extent necessary for an award to be qualified performance-based compensation under Section 162(m) of
the Code and the regulations thereunder, performance goals shall be based exclusively on one or more of the following objective corporate-wide or subsidiary, division, operating unit or individual measures: the attainment by a share of Common Stock
of a specified Fair Market Value for a specified period of time; increase in stockholder value; earnings per share; return on or net assets; return on equity; return on investments; return on capital or invested capital; total stockholder return;
earnings or income of the Company before or after taxes and/or interest; earnings before interest, taxes, depreciation and amortization (“EBITDA”); EBITDA margin; operating income; revenues; operating expenses, attainment of expense levels
or cost reduction goals; market share; cash flow, cash flow per share, cash flow margin or free cash flow; interest expense; economic value created; gross profit or margin; operating profit or margin; net cash provided by operations;
price-to-earnings growth; and strategic business criteria, consisting of one or more objectives based on meeting specified goals relating to market penetration, customer acquisition, business expansion, cost targets, customer satisfaction,
reductions in errors and omissions, reductions in lost business, management of employment practices and employee benefits, supervision of litigation and information technology, quality and quality audit scores, efficiency, and acquisitions or
divestitures, or any combination of the foregoing. Each such goal may be expressed on an absolute or relative basis and may include comparisons based on current internal targets, the past performance of the Company (including the performance of one
or more subsidiaries, divisions, or operating units) or the past or current performance of other companies (or a combination of such past and current performance). In addition to the ratios specifically enumerated above, performance goals may
include comparisons relating to capital (including, but not limited to, the cost of capital), shareholders’ equity, shares outstanding, assets or net assets, sales or any combination thereof. The applicable performance measures may be applied
on a pre- or post-tax basis and may be adjusted in accordance with Section 162(m) of the Code to include or exclude objectively determinable components of any performance measure, including, without limitation, special charges such as
restructuring or impairment charges, debt refinancing costs, extraordinary or noncash items, unusual, nonrecurring or one-time events affecting the Company or its financial statements or changes in law or accounting principles (“Adjustment

  
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Events”). In the sole discretion of the Committee, unless such action would cause a grant to a covered employee to fail to qualify as qualified performance-based compensation under
Section 162(m) of the Code, the Committee may amend or adjust the performance measures or other terms and conditions of an outstanding award in recognition of any Adjustment Events. With respect to Participants who are not “covered
employees” within the meaning of Section 162(m) of the Code and who, in the Committee’s judgment, are not likely to be covered employees at any time during the applicable Performance Period or during any period in which an Award may
be paid following a Performance Period, the performance goals established for the Performance Period may consist of any objective or subjective corporate-wide or subsidiary, division, operating unit or individual measures, whether or not listed
herein. Performance goals shall be subject to such other special rules and conditions as the Committee may establish at any time within the Applicable Period; provided, however, that to the extent such goals relate to Awards to
“covered employees” within the meaning of Section 162(m) of the Code that are payable following the Transition Period, such special rules and conditions shall not be inconsistent with the provisions of Treasury regulation
Section 1.162-27(e) or any successor regulation describing “qualified performance-based compensation.” 
 V.
Terms of Awards 
 5.1. Performance Goals and Targets. At the time one or more performance goals
are established for a Performance Period, the Committee also shall establish an Award opportunity for each Participant or group of Participants, which shall be based on the achievement of such specified performance goals. The amount payable to a
Participant upon achievement of the applicable performance goals shall be expressed in terms of an objective formula or standard, including a fixed cash amount, the allocation of a bonus pool or a percentage of the Participant’s Annual Base
Salary. The Committee reserves the discretion to reduce the amount of any payment with respect to any Award that would otherwise be made to any Participant pursuant to the performance goals established in accordance with Article IV, and may exercise
such discretion based on the extent to which any other performance goals are achieved, regardless of whether such performance goals are set forth in this Plan or are assessed on an objective or subjective basis. With respect to each Award, the
Committee may establish terms regarding the circumstances in which a Participant will be entitled to payment notwithstanding the failure to achieve the applicable performance goals or targets (e.g., where the Participant’s employment
terminates due to death or disability or where a change in control of the Company occurs); provided, however, that with respect to any Participant who is a “covered employee” within the meaning of Section 162(m) of the
Code, the Committee shall not establish any such terms that would cause an Award payable upon the achievement of the performance goals and after the Transition Period not to satisfy the conditions of Treasury regulation Section 1.162-27(e) or
any successor regulation describing the “qualified performance-based compensation.” 
 5.2.
Payments. At the time the Committee determines an Award opportunity for a Participant, the Committee shall also establish the payment terms applicable to such Award. Such terms shall include when such payments will be made;
provided, however, that the timing of such payments shall in all instances either (A) satisfy the conditions of an exception from Section 409A of the Code (e.g., the short-term deferrals exception described in Treasury
Regulation Section 1.409A-1(b)(4)), or (B) comply with Section 409A of the Code and provided, 

  
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further, that in the absence of such terms regarding the timing of payments, such payments shall occur no later than the 15th day of the third month of the calendar year following the calendar year in which the Participant’s right to
payment ceased being subject to a substantial risk of forfeiture. 
 5.3. Maximum Awards. No
Participant shall receive a payment under the Plan with respect to any Performance Period having a value in excess of $5 million, which maximum amount shall be proportionately adjusted with respect to Performance Periods that are less than or
greater than one year in duration. 
 VI. General 

6.1. Effective Date. The Plan shall become effective as of the date the Plan is approved by the Board.

 6.2. Amendments and Termination. The Board may amend the Plan as it shall deem advisable, subject
to any requirement of shareholder approval required by applicable law, rule or regulation, including Section 162(m) of the Code; provided, however, that no amendment may materially impair the rights of a Participant with respect
to an outstanding Performance Period. The Board may terminate the Plan at any time. 
 6.3. Non-Transferability of
Awards. No award under the Plan shall be transferable other than by will, the laws of descent and distribution or pursuant to beneficiary designation procedures approved by the Company. Except to the extent permitted by the foregoing
sentence, no award may be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to sell,
transfer, assign, pledge, hypothecate, encumber or otherwise dispose of any such award, such award and all rights thereunder shall immediately become null and void. 
 6.4. Tax Withholding. The Company shall have the right to withhold from the payment of any award hereunder or require, prior to the payment of any award hereunder, payment by
the Participant of any Federal, state, local or other taxes which may be required to be withheld or paid in connection with such award. 
 6.5. No Right of Participation or Employment. No person shall have any right to participate in the Plan. Neither the Plan nor any award made hereunder shall confer upon any
person any right to continued employment by the Company or any subsidiary or affiliate of the Company or affect in any manner the right of the Company or any subsidiary or affiliate of the Company to terminate the employment of any person at any
time without liability hereunder. 
 6.6. Governing Law. The Plan and each award hereunder, and all
determinations made and actions taken pursuant thereto, to the extent not otherwise governed by the Code or the laws of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving
effect to principles of conflicts of laws. 

  
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 6.7. Other Plans. Payments pursuant to the Plan shall not be
treated as compensation for purposes of any other compensation or benefit plan, program or arrangement of the Company or any of its subsidiaries, unless either (a) such other plan provides that compensation such as payments made pursuant to the
Plan are to be considered as compensation thereunder or (b) the Board or the Committee so determines in writing. Neither the adoption of the Plan nor the submission of the Plan to the Company’s shareholders for their approval shall be
construed as limiting the power of the Board or the Committee to adopt such other incentive arrangements as it may otherwise deem appropriate. 
 6.8. Binding Effect. The Plan shall be binding upon the Company and its successors and assigns and the Participants and their beneficiaries, personal representatives and heirs.
If the Company becomes a party to any merger, consolidation or reorganization, then the Plan shall remain in full force and effect as an obligation of the Company or its successors in interest, unless the Plan is amended or terminated pursuant to
Section 6.2. 
 6.9. Unfunded Arrangement. The Plan shall at all times be entirely unfunded and
no provision shall at any time be made with respect to segregating assets of the Company for payment of any benefit hereunder. No Participant shall have any interest in any particular assets of the Company or any of its affiliates by reason of the
right to receive a benefit under the Plan and any such Participant shall have only the rights of an unsecured creditor of the Company with respect to any rights under the Plan. 

  
 6

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