Document:

ingr_Ex10_38

		
			EXHIBIT 10.38

		

		
			 
		

		
			

		

		
			MANAGING DIRECTOR SERVICE AGREEMENT (Geschäftsführeranstellungsvertrag)
		

		
			- hereinafter referred to as the "Contract" -
		

		
			 
		

		
			 
		

		
			between
		

		
			 
		

		
			Ingredion Germany GmbH
		

		
			Grüner Deich 110
		

		
			20097 Hamburg
		

		
			 
		

		
			- hereinafter referred to as the "Company"  -
		

		
			 
		

		
			and
		

		
			 
		

		
			Pierre Perez y Landazuri
		

		
			 
		

		
			- hereinafter referred to as the "Managing Director"  -
		

		
			 
		

		
			 
		

		
			Section 1
		

		
			Commencement of Service Relationship,  Area of Work,  Relocation
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			As of April 15th and for an indefinite period of time the Managing Director shall be engaged as a Managing Director  (Geschäftsführer) of the Company and shall also hold the function of Vice President and General Manager, Europe, Middle East and Africa (EMEA).

		
			 
		

			
	
			
				 2.
			

			
	
			
			The Company shall be entitled, at its reasonable discretion, to change and amend the Managing Director’s field of responsibility within the Company in line with the Managing Director’s training and skills and experience and to allocate tasks and responsibilities to the Managing Director of a similar level. The Managing Director’s compensation shall not be changed in these events. The Company shall further be entitled to relocate the Managing Director to another place of work at its reasonable discretion. The Managing Director’s interests shall be taken into account in the event of a change or amendment of the Managing Director’s field of responsibility or the transfer to another location. The Company may require the Managing Director to perform duties for an Associated Company, where such duties are consistent with the Managing Director’s position and the Managing Director agrees to perform such duties. The Managing Director shall give consent if being asked to transfer this employment agreement to any Associated Company on the same terms as set out in this Contract (or as applicable at the time of such assignment).

		
			 
		

			
	
			
				 3.
			

			
	
			
			The Managing Director shall carry out his duties as a managing director applying the diligence of a prudent businessman in accordance with the law, the provisions of this Contract, the Company's Articles of Association, the general directives and specific instructions given to him by the shareholder, the Company’s Policies of Business Conduct as well as any Standing Orders for the Company's management as amended from time to time. 

		 

		

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	The Managing Director shall promote and uphold the interests of the Company in every respect.

		
			 
		

			
	
			
				 4.
			

			
	
			
			At the request of the shareholders, the President shall render his services as managing director for the benefit of domestic and foreign companies which are affiliated companies of the Company according to Sec. 15 et seq. German Stock Corporation Act (Aktiengesetz)  ("Affiliated Companies"; each an "Affiliated Company"). The aforementioned services are compensated with the remuneration set forth in Section 3 below. There are no additional remuneration claims.

		
			 
		

			
	
			
				 5.
			

			
	
			
			By signing this Contract the Managing Director consents to a medical check-up on appointment by the Company physician (or physician appointed by the Company for this purpose) and undertakes to attend the preventive medical check-ups on a regular basis that are necessary for the Managing Director’s kind of work. The costs of these check-ups shall be borne by the Company. The Company will not receive any particular diagnosis of such check-up but only the physician’s assessment of whether or not the Managing Director is capable and fit to perform the required job functions.

		
			 
		

		
			 
		

		
			Section 2
		

		
			Secondary Activity
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The Managing Director shall not undertake any other activity, whether paid or not, nor participate actively in any commercial or charitable organisation without the Company’s prior written permission. The Company, applying its own fair judgement, shall withhold its consent only if it sees the possibility of its interests or the Managing Director’s performance being affected. If the Managing Director takes on any secondary activity the Managing Director shall make the recipient of the Managing Director’s services aware of this employment agreement and adhere to the restrictions imposed by the Working Hours Act.

		
			 
		

			
	
			
				 2.
			

			
	
			
			The Managing Director shall not publish or publicly present any material in any form that relates to the results of the Managing Director’s work or to questions affecting the Company’s or Affiliated Companies' interests unless the Company has given its prior written consent.

		
			 
		

		
			 
		

		
			Section 3
		

		
			Remuneration, Company Car and Exclusion of Assignment
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The Managing Director shall receive a gross annual base salary of Euro 275.000 gross, less all statutory and company-specific deductions.  

		
			 
		

		
			The annual base salary will be split into 13 parts and paid by electronic transfer at the end of the month taking into account all statutory and company-specific deductions. The gross annual salary shall be reviewed every year.
		

		
			 
		

			
	
			
				 2.
			

			
	
			
			The date of the next salary review is April 2017.  The Company reserves the right to modify this date and the salary review does not create a legal entitlement to salary adjustments.

		
			 
		

			
	
			
				 3.
			

			
	
			
			The Managing Director may be eligible to participate in the Company’s short term incentive plan in accordance with its rules which can change from time to time.  Details will be provided to the Managing Director separately. The participation in the incentive plan does not lead to a legal entitlement to a particular award or a particular level of award.

		
			

		 

		

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				 4.
			

			
	
			
			In light of the Managing Director’s total level of compensation, the total annual pay covers possible overtime work.

		
			 
		

			
	
			
				 5.
			

			
	
			
			The Managing Director may be required to travel within Germany and abroad, as required by the Company from time to time.  The Managing Director shall be entitled to claim reasonable travel expenses for business trips, which have been properly incurred. The type and amount of expenses are set out in the Company guidelines on business trips and expenses policies. These guidelines and policies as set out and applied by the Company, shall be applicable in this respect. These policies and guidelines may be changed by the Company, from time to time. 

		
			 
		

			
	
			
				 6.
			

			
	
			
			The Managing Director is eligible for the use of a car in accordance with the Company’s car and driving policy (“Car Policy”). Given that the Company may change or amend its Car Policy at its reasonable discretion, this does not create an entitlement to a particular company car or a particular level of car. The Company has the right to revoke the private use of the company car and to request the return of the company car, unless this is unreasonable for the Managing Director. The right to revoke exists particularly in the case of:

		
			 
		

			
	
			
				i.
			

			
	
			
			Release of the Managing Director from the duty to fulfill his obligations under this Contract;

			
	
			
				ii.
			

			
	
			
			Discontinuation of actual job performance (e.g., due to illness, special leave, etc.) after the lapse of possible periods of continued remuneration,

			
	
			
				iii.
			

			
	
			
			If the employment relationship is dormant (e.g., due to parental leave, military service, etc.);

			
	
			
				iv.
			

			
	
			
			Loss of driving license or ban on driving a vehicle;

			
	
			
				v.
			

			
	
			
			Change of assignment if the allocation of the company car was only relevant to the assignment;

			
	
			
				vi.
			

			
	
			
			Carrying out service or repair work, or the ordering of replacement parts. 

		
			 
		

		
			In the case of revocation, the Managing Director is obliged to return the company car, including all accessories, to the Company’s headquarters without delay. The Managing Director shall receive no compensation for the loss of the private use. The Managing Director has no right of retention.
		

		
			 
		

			
	
			
				 7.
			

			
	
			
			The Managing Director shall not assign the Managing Director’s claim to salary payment to any third party, unless the Company grants its written consent.

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			Section 4
		

		
			Vacation
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The Managing Director shall be awarded a vacation entitlement of 30 working days per calendar year based on a five days' working week. The vacation entitlement consists of the minimum statutory vacation of 20 working days and an additional contractual vacation of ten (10) working days. Saturdays are not considered working days.

		
			 
		

			
	
			
				 2.
			

			
	
			
			Contractual vacation can only be used if the statutory vacation has been taken in full.

		
			 
		

			
	
			
				 3.
			

			
	
			
			The timing of vacation shall always be agreed with the Company in advance taking into 

		 

		

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	account operational requirements. Vacation slips must be submitted in good time prior to the commencement of leave.

		
			 
		

			
	
			
				 4.
			

			
	
			
			For the lapse of the statutory vacation, the statutory rules of the German Vacation Act shall apply. The contractual vacation granted in addition to the statutory minimum shall lapse if not taken by March 31st of the following calendar year. A possible compensation of open vacation upon termination of this Contract shall only be paid with respect to the statutory minimum vacation.

		
			 
		

		
			
		

		
			Section 5
		

		
			Inability to Work
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The Managing Director must inform the Company (i.e. the Managing Director’s supervisor or the Personnel Department) immediately if unable to work and communicate the likely duration of the Managing Director’s absence. The Employer is entitled to request a medical certificate with effect from the first day of illness, which must be submitted to the Personnel Department no later than on the fourth calendar day following the onset of the illness. If the inability to work lasts longer than is stated in the medical certificate, the Managing Director shall inform the Managing Director’s immediate superior or the Personnel Department without delay, and in no case later than at the expiry of the previous medical certificate. The Managing Director shall obtain a supplementary medical certificate and submit it without delay.

		
			 
		

			
	
			
				 2.
			

			
	
			
			In the event that incapacity to work is caused by negligence or illegal acts by third parties, the Managing Director shall assign any resulting claims for damages against such third parties to the Company provided that the Company continues to pay the Managing Director’s salary and other benefits for the duration of the incapacity and also during any subsequent related illnesses. In the event of incapacity to work due to the actions of a third party the Managing Director must therefore inform the Personnel Department immediately, providing details of the third party’s name and address.

		
			 
		

			
	
			
				 3.
			

			
	
			
			If the Managing Director is prevented from carrying out his duties under this Contract due to illness he shall continue to be entitled to payment of his base salary for a period of up to three months beginning on the first day of his documented inability to work, provided that this Contract does not end earlier.

		
			 
		

		
			 
		

		
			Section 6
		

		
			Probationary Period and Termination of this Contract 
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The probationary period shall be six months, during which this Contract may be terminated by either party giving 14 days’ notice. 

		
			 
		

			
	
			
				 2.
			

			
	
			
			After the probationary period, this Contract may be terminated by either party by giving 6 months’ notice to the end of the month. Any longer periods of notice applicable to the Company shall also apply to notice served by the Managing Director.

		
			 
		

			
	
			
				 3.
			

			
	
			
			Subject to changes of applicable statute, this Contract shall end without a notification upon expiry of the month in which the Managing Director achieves the actual legal age at entry for full pension or at an earlier point of time if the Managing Director then starts to receive 

		 

		

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	old-age pension payments on the grounds of age or disability.

		
			 
		

			
	
			
				 4.
			

			
	
			
			Due to the Managing Director’s status in the organization and his management responsibility, the Company has a justified interest, to release the Managing Director from his duties in the event of the Contract being terminated. Any such release shall be subject to the Managing Director’s remaining on base pay and any vacation entitlement being taken into account.

		
			 
		

			
	
			
				 5.
			

			
	
			
			This Contract must be terminated in writing.

		
			 
		

			
	
			
				 6.
			

			
	
			
			The Managing Director undertakes to provide immediate notification of the Managing Director’s new address following any move.

		
			 
		

		
			 
		

		
			Section 7
		

		
			Return of Documents,  Right to Retain Documents,  Contractual Penalty
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The Managing Director shall communicate to the Company and make freely available to it all important observations, experiences and findings relating to its operations. All recorded information relating to the Managing Director’s area of work, irrespective of its form, shall be the property of the Company. The Managing Director must therefore, upon leaving the Company or being released from the Managing Director’s duties, return to the Company all documents, certificates, records, notes, drafts or duplicates or photocopies thereof without being requested to do so. The Managing Director shall not be entitled on any legal basis to retain any of the documents listed under sentences 1 to 3 above. 

		
			 
		

			
	
			
				 2.
			

			
	
			
			For each and every case of violation of the obligation to return the above property the Managing Director shall be under an obligation to pay a contractual penalty equal to the Managing Director’s gross monthly base salary, and to pay this for each month or part thereof in the event of an enduring violation. The foregoing shall not affect the Company’s right to claim damages over and above this level.

		
			 
		

			
	
			
				 3.
			

			
	
			
			The Managing Director may not use the Managing Director’s company computer, cell phone, PDA or other means of communication for private purposes. The Managing Director agrees to provide the Company with unrestricted access to the data on these devices and confirms that the Company can assume at all times, that no private data is stored on them. 

		
			 
		

		
			 
		

		
			Section 8
		

		
			Patents, Copyrights, Trademarks, and Other Property Rights
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			Any patentable inventions and suggestions for technical improvements (Verbesserungsvorschläge) which were or are discovered, developed or created by the Managing Director during the term of this Contract shall be governed by the German Act on Employee Inventions (Arbeitnehmererfindungsgesetz). The Managing Director shall in particular be obliged to immediately report any such Employee Invention to the Company and, unless the respective Employee Invention is released by the Company, keep the Employee Invention confidential.  The Managing Director agrees to fully assist the Company to obtain the patents and utility models for all Employee Inventions claimed by the Company. Upon request the Managing Director shall assist the Company with the registration of industrial property rights on behalf of the Company to the best of his ability, and will, in particular, make the necessary declarations to the respective registration authority and present the necessary documents. 

		
			

		 

		

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				 2.
			

			
	
			
			The Managing Director furthermore grants the Company the exclusive right, unrestricted as to time, territory and content, to use work products protected by copyright or ancillary rights which were or are created by the Managing Director during the term of this Contract, including but not limited to software ("Work Products"). This irrevocable and exclusive right shall take effect upon creation of the Work Products. This grant includes the right of the Company to use any copyrights and ancillary rights in a tangible and intangible form, in all countries of the world, and entitles the Company to assign and sublicense any such rights to any third person, irrespective of the scope of application of the sublicense as to time, territory and content.  The granting of rights includes, but is not limited to: 

		
			 
		

			
	
			
				 2.1
			

			
	
			
			The right to permanently, temporarily and repeatedly reproduce, publish and distribute any Work Products or parts hereof entirely or partly, irrespective of medium and form.  This applies in particular to the print media, film, radio and/or digital media, public and private networks of every kind (Internet, Intranet, extranet, mobile data networks) as well as databases and electronic carrier media. This right also includes the right to digitize the Work Product;

			
	
			
				 2.2
			

			
	
			
			The right to translate and edit Work Products or parts hereof as well as to reproduce and distribute the results of the translation and editing in terms of the above Section 2.1;

			
	
			
				 2.3
			

			
	
			
			The right to exhibit and publicly present Work Products, including the right to provide access to them to any third person via public and private networks, in particular via Internet or any other interactive call or pull systems, and including the right to introduce the Work Products into and store them in such systems;

			
	
			
				 2.4
			

			
	
			
			The right to join Work Products or parts hereof with other works, parts of works or any other information and to exploit, use or edit the result in any form, in particular in the actions mentioned above in Sections 2.1 to 2.3.

		
			 
		

		
			 
		

			
	
			
				 3.
			

			
	
			
			The Managing Director waives his right to be named as an author on the Work Products itself. The above granting of all rights to use and to exploit the Work Products is deemed to be remunerated in full by the salary agreed with the Managing Director. To the extent possible under German law, the Managing Director waives any of his possible author’s personal rights existing with regard to the Work Products as far as they may affect the undisturbed use by the Company. 

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Section 8
		

		
			Confidentiality Obligations,  Secrecy, Data Protection, 
Contractual Penalty
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			The Managing Director undertakes to treat as confidential all confidential and proprietary information including, but not limited to, the Company’s and the Affiliated Companies' business and internal operations, formulas, ingredients, manufacturing trials, test and final products, business, marketing and pricing strategies and information, manufacturing processes and procedures, manufacturing and product costs, customer lists, financial information (including profitability information), technology, business strategies, vendor agreements, and personal information about the Company’s owners, directors, officers, members, and employees and any such other matter as the Company may designate as confidential (“Confidential and Proprietary Information”) and shall refrain from 

		 

		

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	making direct or indirect use of such either for the Managing Director’s own purposes or for third parties. This shall similarly apply to industrial secrets or information made known to the Company by third parties (e.g. other group companies, suppliers or customers). The Managing Director shall ensure that secrecy is also upheld with regard to other Managing Directors, provided that such an approach is in line with operational requirements. This obligation shall extend beyond the term of this Contract with regard to matters that by their very nature require confidentiality. 

		
			 
		

		
			Any infringement of this obligation to observe secrecy shall result in ordinary or immediate termination without notice if the Managing Director is proved to be guilty of wilful intent or gross negligence. The foregoing shall not affect the Company’s right to claim damages over and above this level.
		

		
			 
		

			
	
			
				 2.
			

			
	
			
			For the duration of this contract the Managing Director shall not be allowed to work on any employed, self-employed, or any other basis, whether for remuneration or not, regularly or occasionally for any organisation that competes directly or indirectly against the Employer. The Managing Director shall likewise not be allowed, for the duration of this ban, to set up, acquire, or take an equity holding in any such competitive company. The acquisition of listed shares as a capital investment shall be exempt from this ban. 

		
			 
		

		
			The Managing Director shall ensure that there is no conflict of interest between the Company and their personal interests, so that they are free at all times from any influence which might: conflict with the interests of the Company or any Affiliated Company; deprive the Company or the Affiliated Companies of individual loyalty in business dealings; or adversely affect the performance of their duties. 
		

		
			 
		

		
			This relates to outside employment, financial interest in outside enterprises, remuneration by an outside enterprise, gifts or any other similar or related instance.  
		

		
			 
		

		
			For each and every case of violation of the ban on competition the Managing Director shall be under an obligation to pay a contractual penalty equal to one gross monthly base salary, and to pay this for each month or part thereof in the event of an enduring violation. The foregoing shall not affect the Employer’s right to claim damages over and above this level.
		

		
			 
		

			
	
			
				 3.
			

			
	
			
			The Managing Director consents to his personal data being collected, processed and used as required for the purposes of the service relationship. Additionally, the Company may process and transmit personal data relating to the Managing Director where such action is required by law.

		
			 
		

		
			 
		

		
			 
		

		
			Section 9
		

		
			Non-Solicitation and Non-Compete Covenants
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			Subject to Section 9.3 below, during the term of this Contract and for a further period of twenty-four (24) months after the legal termination (rechtliche Beendigung) of this Contract, the Managing Director shall not, directly or indirectly, other than on the Company’s behalf: 

			
	
			
				 1.1
			

			
	
			
			Actively induce or assist in the inducement of any individual away from the Company's or any Affiliated Company's employment or from the faithful discharge of such individual’s contractual and fiduciary obligations to serve the Company’s or any Affiliated Company's interests with undivided loyalty; 

			
	
			
				 1.2
			

			
	
			
			Actively induce or assist in the inducement of any individual or entity that provides 

		 

		

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	services to the Company or any Affiliated Company to reduce any such services provided to, or to terminate their relationship with, the Company or any Affiliated Company; or

			
	
			
				 1.3
			

			
	
			
			Solicit away any customers or clients of the Company or any Affiliated Company, which were a part of its client and customer base during the last twenty-four (24) months prior to his factual departure (tatsächlichem Austritt) from the Company.

		
			 
		

			
	
			
				 2.
			

			
	
			
			The Managing Director expressly acknowledges that the Company and the Affiliated Companies market and sell products globally, and given the Managing Director's substantial experience and expertise in manufacturing and marketing of those products in more than one region of the world, including his significant exposure, access to, and participation in the Company's and the Affiliated Companies' intellectual property and Confidential and Proprietary Information on a global level, his business affiliation with any individual or entity that sells or develops products similar to, or that may serve as a substitute for, the Company’s and Affiliated Companies' products, would cause substantial and irreparable harm to the Company’s and Affiliated Companies' business.  Accordingly and subject to Section 9.3 below: 

			
	
			
				 2.1
			

			
	
			
			The Managing Director agrees that during his employment with the Company and for a further period of twenty-four (24) months after the legal termination (rechtliche Beendigung) of his employment with the Company, the Managing Director shall not, directly or indirectly, other than on behalf of the Company, participate or become involved as an owner, partner, member, director, officer, employee, or consultant, or otherwise enter into any business relationship, with any individual or entity that develops, produces, manufactures, sells, or distributes starch (whether modified or unmodified), corn, rice, potato, stevia, strawberry or other agricultural raw materials, oils, sweeteners, concentrates, essences or other products produced or marketed by the Company or the Affiliated Companies or that could be used as a substitute for such products including, but not limited to, Tapioca, Manioc, Yucca, rice or potato starches, flours, syrups, and sweeteners; Dextrose, Stevia-based or other high intensity sweeteners, Glucose, Polyols, HFCS, High Maltose syrup, and Maltodextrin sweeteners; texturants; prebiotics; Omega-3; seed development; emulsifiers; encapsulates derived from starches or other agriculturally based materials;  non-synthetic green biomaterial products derived from starches; plant derived calcium and minerals; Inulin fibers; resins used in adhesives and fragrances; corn oil; gluten protein; caramel color; fruit concentrates; fruit purees; fruit essences (pure aroma volatiles); formulated fruit products; vegetable concentrates; vegetable purees; vegetable essences (pure aroma volatiles); or formulated vegetable products (a "Competitive Business"); and specifically including but not limited to the following entities that manufacture such or similar products: ADM, Cargill, Bunge, Roquette, Staley, Tate & Lyle, Avebe, Arcor, Tereos/Syral, CP Kelco, and Halotek, including subsidiaries or divisions thereof or any entity which succeeds to the relevant business thereof.

			
	
			
				 2.2
			

			
	
			
			The post-contractual non-compete covenant of above Section 9.2.1 shall apply to all countries in the Managing Director has conducted business for the Company and the Affiliated Companies within the last twenty-four (24) months prior to his factual departure (tatsächlichem Austritt) from the Company.

			
	
			
				 2.3
			

			
	
			
			During the term of the restrictive of above Section 9.2.1,  the Managing Director shall notify Ingredion Incorporated’s Senior Vice President of Human Resources in writing of the name and address of each entity for which he acts as owner, partner, member, director, officer, employee, or consultant, or otherwise enters into any business relationship.

		
			 
		

		
			

		 

		

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				 3.
			

			
	
			
			With respect to above Section 9.1 and 9.2 the following additional rules shall apply:

			
	
			
				 3.1
			

			
	
			
			The post-contractual restrictions of Sections 9.1 and 9.2 shall only apply upon satisfactory completion of the six (6) months’ probationary period with the Company and shall expire in any case, also prior the completion of the twenty-four (24) months’ term, upon the expiry of the month in which the Managing Director reaches the regular retirement age or the month during which the Managing Director is entitled to receive state old age pension or pension for reduction in earning capacity.

			
	
			
				 3.2
			

			
	
			
			For each year of the post-contractual restrictions of Sections 9.1 and 9.2,  the Company shall pay to the Managing Director a non-compete compensation (Karenzentschaedigung) amounting to 50% of his most recent contractual remuneration (zuletzt bezogenen vertraglichen Leistungen). The non-compete compensation shall be paid in monthly installments at the end of each calendar month.

			
	
			
				 3.3
			

			
	
			
			Any earnings the Managing Director receives due to other employment of his labor and any remuneration he maliciously refrains from earning during the validity period of the post-contractual restrictions of Sections 9.1 and 9.2 shall be deducted from the due non-compete compensation to the extent that these together with the non-compete compensation exceed 100% of the remuneration most recently received by him. Severance payments and possibly received unemployment benefits are also considered deductible salary. Upon the Company's request, the Managing Director shall disclose any remuneration he obtains due to other employment of his labor.

			
	
			
				 3.4
			

			
	
			
			At any time, i.e. prior on or after legal termination (rechtliche Beendigung) of this Contract,  the Company may at its sole discretion waive the post-contractual restrictions of Sections 9.1 and 9.2.  In such event, the Managing Director shall be released from the post-contractual restriction of Sections 9.1 and 9.2 with immediate effect, while the Company’s obligation to pay the non-compete compensation (Section 9.3.2) shall end six (6) calendar months after the Managing Director received such waiver. 

			
	
			
				 3.5
			

			
	
			
			Either party of this Contract, after having terminated the employment relationship between them by termination without notice (außerordentlicher Kündigung), can cancel the post-contractual covenants of Sections 9.1 and 9.2 within one (1) month by submitting a written declaration to the other party. 

			
	
			
				 3.6
			

			
	
			
			To the extent, Sections 9.1 and 9.2 and this Section 9.3 do not provide otherwise, Sections 74 et seq. German Commercial Code (§§ 74 ff. Handelsgesetzbuch) shall apply mutatis mutandis (analog), with the exception of Section 75 (2) German Commercial Code; this shall in particular apply to the reduction of the contractual provisions to what is legally permissible (geltungserhaltende Reduktion) in accordance with Section 74a German Commercial Code.

		
			 
		

		
			 
		

		
			Section 10
		

		
			Non-Disparagement 
		

		
			 
		

		
			For an indefinite period after the termination of this Contract, the Managing Director herby agrees never to disparage the Company and the Affiliated Companies or their products, or any of their owners, directors, officers, members or employees.
		

		
			

		 

		

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			Section 11
		

		
			Lapse of Claims
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			All mutual entitlements arising from this Contract as well as such claims that are related to this Contract and its termination shall lapse if they are not asserted in writing against the other party to this Contract within three months after they become due.

		
			 
		

			
	
			
				 2.
			

			
	
			
			Should the other Party reject such claims in writing or fail to state its case within three weeks following assertion of the claims, these shall lapse unless asserted before a court of law within three months from the rejection or expiry of the preclusive period.

		
			 
		

			
	
			
				 3.
			

			
	
			
			This does not apply to non-forfeitable claims, the liability due to intention and gross negligence or to liability for damage from injury to life, body or health.

		
			 
		

		
			 
		

		
			Section 12
		

		
			Final Provisions
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			This Contract shall in all respects be governed by the substantive laws of the Federal Republic of Germany. The Managing Director hereby consents to specific personal jurisdiction in Federal Republic of Germany for any disputes arising out of this Contract. 

		
			 
		

			
	
			
				 2.
			

			
	
			
			This Contract constitutes the entire agreement and understanding of the parties hereto with respect to the matters described herein, and supersedes any and all prior and/or contemporaneous agreements and understandings, oral or written.  

		
			 
		

			
	
			
				 3.
			

			
	
			
			Any amendments to this Contract shall only be valid if confirmed in writing by both, the Managing Director and a duly authorized representative of the Company's shareholder. This shall also apply to any amendment to or cancellation of this requirement for the written form. Section 305b of the of the Code of Civil Law shall remain unaffected. 

		
			 
		

			
	
			
				 4.
			

			
	
			
			By signing this Contract the Managing Director confirms having received an original version thereof bearing original signatures of both parties.

		
			 
		

			
	
			
				 5.
			

			
	
			
			In accordance with Section 306 paragraph 1 of the Code of Civil Law, if any provision of this Contract proves to be invalid, the validity of the remaining provisions shall not be affected. In this eventuality the content of the contract shall be based on statutory regulations (see Section 306 paragraph 2 of the Code of Civil Law).

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

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			Hamburg, April 15th, 2016
		

		
			 
		

		
			Ingredion Germany GmbH,
represented by its shareholders
Corn Products Germany GmbH and
		

		
			Corn Products Netherlands Holding S.a.r.l.

		

		
			 
		

		
			/s/ Michael Levy_______________________/s/ Matthew Galvanoni_______________
		

		
			Michael Levy, Director Matthew R. Galvanoni, Director 
		

		
			Corn Products Germany GmbHCorn Products Netherlands Holding S.a.r.l.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			/s/ Pierre Perez y Landazuri________________ 
		

		
			Pierre Perez y Landazuri
		

		 

		

			Page 11Exhibit

CORELOGIC, INC.
2018 PERFORMANCE INCENTIVE PLAN
1.  PURPOSE OF PLAN
The purpose of this CoreLogic, Inc. 2018 Performance Incentive Plan (this “Plan”) of CoreLogic, Inc., a Delaware corporation (the “Corporation”), is to promote the success of the Corporation by providing an additional means through the grant of awards to attract, motivate, retain and reward selected employees and other eligible persons and to enhance the alignment of the interests of the selected participants with the interests of the Corporation’s stockholders.
2.  ELIGIBILITY
The Administrator (as such term is defined in Section 3.1) may grant awards under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible Person” is any person who is either: (a) an officer (whether or not a director) or employee of the Corporation or one of its Subsidiaries; (b) a director of the Corporation or one of its Subsidiaries; or (c) an individual consultant or advisor who renders or has rendered bona fide services (other than services in connection with the offering or sale of securities of the Corporation or one of its Subsidiaries in a capital‐raising transaction or as a market maker or promoter of securities of the Corporation or one of its Subsidiaries) to the Corporation or one of its Subsidiaries and who is selected to participate in this Plan by the Administrator; provided, however, that a person who is otherwise an Eligible Person under clause (c) above may participate in this Plan only if such participation would not adversely affect either the Corporation’s eligibility to use Form S‐8 to register under the Securities Act of 1933, as amended (the “Securities Act”), the offering and sale of shares issuable under this Plan by the Corporation or the Corporation’s compliance with any other applicable laws. An Eligible Person who has been granted an award (a “participant”) may, if otherwise eligible, be granted additional awards if the Administrator shall so determine. As used herein, “Subsidiary” means any corporation or other entity a majority of whose outstanding voting stock or voting power is beneficially owned directly or indirectly by the Corporation; and “Board” means the Board of Directors of the Corporation.
3.  PLAN ADMINISTRATION
3.1.  The Administrator.  This Plan shall be administered by and all awards under this Plan shall be authorized by the Administrator. The “Administrator” means the Board or one or more committees (or subcommittees, as the case may be) appointed by the Board or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors may also delegate, to the extent permitted by Section 157(c) of the Delaware General Corporation Law and any other applicable law, to one or more officers of the Corporation, its authority under this Plan. The Board or another committee (within its delegated authority) may delegate different levels of authority to different committees or persons with administrative and grant authority under this Plan. Unless otherwise provided in the Bylaws of the Corporation or the applicable charter of any Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of the members present assuming the presence of a quorum or the unanimous written consent of the members of the Administrator shall constitute action by the acting Administrator.
3.2.  Powers of the Administrator.  Subject to the express provisions of this Plan, the Administrator is authorized and empowered to do all things necessary or desirable in connection with the authorization of awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within any express limits on the authority delegated to that committee or person(s)), including, without limitation, the authority to:
		
	(a)
	determine eligibility and, from among those persons determined to be eligible, determine the particular Eligible Persons who will receive an award under this Plan;

		
	(b)
	grant awards to Eligible Persons, determine the price (if any) at which securities will be offered or awarded and the number of securities to be offered or awarded to any of such persons (in the case of securities‐based awards), determine the other specific terms and conditions of awards consistent with the express limits of this Plan, establish the installment(s) (if any) in which such awards shall become exercisable or shall vest (which may include, without limitation, performance and/or time‐based schedules), or determine that no delayed exercisability or vesting is required, establish 

any applicable performance‐based exercisability or vesting requirements, determine the circumstances in which any performance‐based goals (or the applicable measure of performance) will be adjusted and the nature and impact of any such adjustment, determine the extent (if any) to which any applicable exercise and vesting requirements have been satisfied, establish the events (if any) on which exercisability or vesting may accelerate (which may include, without limitation, retirement and other specified terminations of employment or services, or other circumstances), and establish the events (if any) of termination, expiration or reversion of such awards;
		
	(c)
	approve the forms of any award agreements (which need not be identical either as to type of award or among participants);

		
	(d)
	construe and interpret this Plan and any agreements defining the rights and obligations of the Corporation, its Subsidiaries, and participants under this Plan, make any and all determinations under this Plan and any such agreements, further define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the awards granted under this Plan;

		
	(e)
	cancel, modify, or waive the Corporation’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding awards, subject to any required consent under Section 8.6.5;

		
	(f)
	accelerate, waive or extend the vesting or exercisability, or modify or extend the term of, any or all such outstanding awards (in the case of options or stock appreciation rights, within the maximum ten‐year term of such awards) in such circumstances as the Administrator may deem appropriate (including, without limitation, in connection with a retirement or other termination of employment or services, or other circumstances) subject to any required consent under Section 8.6.5;

		
	(g)
	adjust the number of shares of Common Stock subject to any award, adjust the price of any or all outstanding awards or otherwise waive or change previously imposed terms and conditions, in such circumstances as the Administrator may deem appropriate, in each case subject to Sections 4 and 8.6 (and subject to the no repricing provision below);

		
	(h)
	determine the date of grant of an award, which may be a designated date after but not before the date of the Administrator’s action to approve the award (unless otherwise designated by the Administrator, the date of grant of an award shall be the date upon which the Administrator took the action approving the award);

		
	(i)
	determine whether, and the extent to which, adjustments are required pursuant to Section 7.1 hereof and take any other actions contemplated by Section 7 in connection with the occurrence of an event of the type described in Section 7;

		
	(j)
	acquire or settle (subject to Sections 7 and 8.6) rights under awards in cash, stock of equivalent value, or other consideration (subject to the no repricing provision below); and

		
	(k)
	determine the fair market value of the Common Stock or awards under this Plan from time to time and/or the manner in which such value will be determined.

3.3  Prohibition on Repricing.  Notwithstanding anything to the contrary in Section 3.2 and except for an adjustment pursuant to Section 7.1 or a repricing approved by stockholders, in no case may the Administrator (1) amend an outstanding stock option or SAR to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or SAR in exchange for cash or other awards for the purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding stock option or SAR in exchange for an option or SAR with an exercise or base price that is less than the exercise or base price of the original award.
3.4  Binding Determinations.  Any determination or other action taken by, or inaction of, the Corporation, any Subsidiary, or the Administrator relating or pursuant to this Plan (or any award made under this Plan) and within its authority hereunder or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board nor any Board committee, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any award made under this Plan), and all such persons shall be 

entitled to indemnification and reimbursement by the Corporation in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and officers liability insurance coverage that may be in effect from time to time. Neither the Board nor any other Administrator, nor any member thereof or person acting at the direction thereof, nor the Corporation or any of its Subsidiaries, shall be liable for any damages of a participant should an option intended as an ISO (as defined below) fail to meet the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), applicable to ISOs, should any other award(s) fail to qualify for any intended tax treatment, should any award grant or other action with respect thereto not satisfy Rule 16b‐3 promulgated under the Securities Exchange Act of 1934, as amended, or otherwise for any tax or other liability imposed on a participant with respect to an award.
3.5  Reliance on Experts.  In making any determination or in taking or not taking any action under this Plan, the Administrator may obtain and may rely upon the advice of experts, including employees and professional advisors to the Corporation. No director, officer or agent of the Corporation or any of its Subsidiaries shall be liable for any such action or determination taken or made or omitted in good faith.
3.6  Delegation.  The Administrator may delegate ministerial, non‐discretionary functions to individuals who are officers or employees of the Corporation or any of its Subsidiaries or to third parties.
4.  SHARES OF COMMON STOCK SUBJECT TO THE PLAN; SHARE LIMITS
4.1  Shares Available.  Subject to the provisions of Section 7.1, the capital stock that may be delivered under this Plan shall be shares of the Corporation’s authorized but unissued Common Stock and any shares of its Common Stock held as treasury shares. For purposes of this Plan, “Common Stock” shall mean the common stock of the Corporation and such other securities or property as may become the subject of awards under this Plan, or may become subject to such awards, pursuant to an adjustment made under Section 7.1.
4.2  Aggregate Share Limit.  The maximum number of shares of Common Stock that may be delivered pursuant to awards granted to Eligible Persons under this Plan (the “Share Limit”) is equal to the sum of the following:
		
	(1)
	3,300,000 shares of Common Stock, plus

		
	(2)
	the number of shares of Common Stock available for additional award grant purposes under the Corporation’s Amended and Restated 2011 Performance Incentive Plan (the “2011 Plan”) as of the date of stockholder approval of this Plan (the “Stockholder Approval Date”) and determined immediately prior to the termination of the authority to grant new awards under the 2011 Plan as of the Stockholder Approval Date, plus

		
	(3)
	the number of any shares subject to stock options granted under the 2011 Plan or the Corporation’s 2006 Incentive Compensation Plan (the “2006 Plan”) and outstanding on the Stockholder Approval Date which expire, or for any reason are cancelled or terminated, after the Stockholder Approval Date without being exercised (which, for purposes of clarity, shall become available for award grants under this Plan on a one‐for‐one basis), plus

		
	(4)
	the number of any shares subject to restricted stock and restricted stock unit awards granted under the 2011 Plan or the 2006 Plan that are outstanding and unvested on the Stockholder Approval Date that are forfeited, terminated, cancelled or otherwise reacquired by the Corporation without having become vested, provided that in order to take the Full‐Value Award ratio below into account, each share subject to any such award shall be credited as two (2) shares when determining the number of shares that shall become available for new awards under this Plan.

provided that in no event shall the Share Limit exceed 17,039,725 shares (which is the sum of the 3,300,000 shares set forth above, plus the number of shares available under the 2011 Plan for additional award grant purposes as of the Effective Date (as such term is defined in Section 8.6.1), plus the aggregate number of shares subject to awards previously granted and outstanding under the 2011 Plan or the 2006 Plan as of the Effective Date, with any shares subject to restricted stock and restricted stock unit awards outstanding under the 2011 Plan or the 2006 Plan being taken into account based on the share‐counting ratio for such awards under clause (4) above).

Shares issued in respect of any “Full‐Value Award” granted under this Plan shall be counted against the foregoing Share Limit as two (2) shares for every one share issued in connection with such award. (For example, if a stock bonus of 100 shares of Common Stock is granted under this Plan, 200 shares shall be counted against the Share Limit in connection with that award.) For this purpose, a “Full‐Value Award” means any award that is not a stock option grant or a stock appreciation right grant.
4.3  Additional Share Limits.  The following limits also apply with respect to awards granted under this Plan. These limits are in addition to, not in lieu of, the aggregate Share Limit in Section 4.2.
		
	(a)
	The maximum number of shares of Common Stock that may be delivered pursuant to options qualified as incentive stock options granted under this Plan is 1,000,000 shares.

		
	(b)
	The maximum number of shares of Common Stock subject to those options and stock appreciation rights that are granted under this Plan during any one calendar year to any one individual is 1,000,000 shares.

		
	(c)
	Awards that are granted under this Plan during any one calendar year to any person who, on the grant date of the award, is a non‐employee director are subject to the following limits. The maximum number of shares of Common Stock subject to those awards that are granted under this Plan during any one calendar year to an individual who, on the grant date of the award, is a non‐employee director is the number of shares that produces a grant date fair value for the award that, when combined with the grant date fair value of any other awards granted under this Plan during that same calendar year to that individual in his or her capacity as a non‐employee director, is $500,000; provided that this limit is $750,000 as to (1) a non‐employee director who is serving as the Non‐Executive Board Chairman or as a lead independent director at the time the applicable grant is made or (2) any new non‐employee director for the calendar year in which the non‐employee director is first elected or appointed to the Board. For purposes of this Section, a “non‐employee director” is an individual who, on the grant date of the award, is a member of the Board who is not then an officer or employee of the Corporation or one of its Subsidiaries. For purposes of this Section, “grant date fair value” means the value of the award as of the date of grant of the award and as determined using the equity award valuation principles applied in the Corporation’s financial reporting. The limits of this Section apply on an individual basis and not on an aggregate basis to all non‐employee directors as a group.

4.4  Share‐Limit Counting Rules.  The Share Limit shall be subject to the following provisions of this Section 4.4:
		
	(a)
	Except as provided in Section 4.4(c) below, shares that are subject to or underlie awards granted under this Plan which expire or for any reason are cancelled or terminated, are forfeited, fail to vest, or for any other reason are not paid or delivered under this Plan shall not be counted against the Share Limit and shall be available for subsequent awards under this Plan.

		
	(b)
	To the extent that shares of Common Stock are delivered pursuant to the exercise of a stock appreciation right granted under this Plan, the number of underlying shares as to which the exercise related shall be counted against the Share Limit. (For purposes of clarity, if a stock appreciation right relates to 100,000 shares and is exercised in full at a time when the payment due to the participant is 15,000 shares, 100,000 shares shall be counted against the Share Limit with respect to such exercise.)

		
	(c)
	Shares that are exchanged by a participant or withheld by the Corporation as full or partial payment in connection with any stock option or stock appreciation right granted under this Plan, as well as any shares exchanged by a participant or withheld by the Corporation or one of its Subsidiaries to satisfy the tax withholding obligations related to any stock option or stock appreciation right granted under this Plan, shall be counted against the Share Limit and shall not be available for subsequent awards under this Plan. Shares that are exchanged by a participant or withheld by the Corporation as full or partial payment in connection with any Full‐Value Award granted under this Plan, as well as any shares exchanged by a participant or withheld by the Corporation or one of its Subsidiaries to satisfy the statutory minimum tax withholding obligations (but not any additional tax withholding obligations) related to any Full‐Value Award granted under this Plan, shall not be counted against the Share Limit and shall be available for subsequent awards under this Plan, provided that any one 

(1) share so exchanged or withheld in connection with any Full‐Value Award shall be credited as two (2) shares when determining the number of shares that shall again become available for subsequent awards under this Plan if, upon grant, the shares underlying the related Full‐Value Award were counted as two (2) shares against the Share Limit.
		
	(d)
	In addition, shares that are exchanged by a participant or withheld by the Corporation after the Stockholder Approval Date as full or partial payment in connection with any Full‐Value Award granted under the 2011 Plan or 2006 Plan, as well as any shares exchanged by a participant or withheld by the Corporation or one of its Subsidiaries after the Stockholder Approval Date to satisfy the tax withholding obligations related to any Full‐Value Award granted under the 2011 Plan or 2006 Plan, shall be available for new awards under this Plan, provided that any one (1) share so exchanged or withheld in connection with any Full‐Value Award granted under the 2011 Plan or the 2006 Plan shall be credited as two (2) shares when determining the number of shares that shall become available for new awards under this Plan.

		
	(e)
	To the extent that an award granted under this Plan is settled in cash or a form other than shares of Common Stock, the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the Share Limit and shall be available for subsequent awards under this Plan.

		
	(f)
	In the event that shares of Common Stock are delivered in respect of a dividend equivalent right granted under this Plan, the number of shares delivered with respect to the award shall be counted against the Share Limit. (For purposes of clarity, if 1,000 dividend equivalent rights are granted and outstanding when the Corporation pays a dividend, and 100 shares are delivered in payment of those rights with respect to that dividend, 200 shares (after giving effect to the Full‐Value Award premium counting rules) shall be counted against the Share Limit).

		
	(g)
	The Corporation may not increase the Share Limit by repurchasing shares of Common Stock on the market (by using cash received through the exercise of stock options or otherwise).

Refer to Section 8.10 for application of the share limits of this Plan, including the limits in Sections 4.2 and 4.3, with respect to assumed awards. Each of the numerical limits and references in Sections 4.2 and 4.3, and in this Section 4.4, is subject to adjustment as contemplated by Section 4.3, Section 7 and Section 8.10. The share limits of Section 4.3 shall be applied on a one‐for‐one basis without applying the Full‐Value Award premium counting rule taken into account in determining the Share Limit.
4.5  No Fractional Shares; Minimum Issue.  Unless otherwise expressly provided by the Administrator, no fractional shares shall be delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares in settlements of awards under this Plan. The Administrator may from time to time impose a limit (of not greater than 100 shares) on the minimum number of shares that may be purchased or exercised as to awards (or any particular award) granted under this Plan unless (as to any particular award) the total number purchased or exercised is the total number at the time available for purchase or exercise under the award.
5.  AWARDS
5.1  Type and Form of Awards.  The Administrator shall determine the type or types of award(s) to be made to each selected Eligible Person. Awards may be granted singly, in combination or in tandem. Awards also may be made in combination or in tandem with, in replacement of, as alternatives to, or as the payment form for grants or rights under any other employee or compensation plan of the Corporation or one of its Subsidiaries. The types of awards that may be granted under this Plan are:
5.1.1  Stock Options.  A stock option is the grant of a right to purchase a specified number of shares of Common Stock during a specified period as determined by the Administrator. An option may be intended as an incentive stock option within the meaning of Section 422 of the Code (an “ISO”) or a nonqualified stock option (an option not intended to be an ISO). The agreement evidencing the grant of an option will indicate if the option is intended as an ISO; otherwise it will be deemed to be a nonqualified stock option. The maximum term of each option (ISO or nonqualified) shall be ten (10) years. The per share exercise price for each option shall be not less than 100% of the fair market value of a share of Common Stock on the date of 

grant of the option. When an option is exercised, the exercise price for the shares to be purchased shall be paid in full in cash or such other method permitted by the Administrator consistent with Section 5.4.
5.1.2  Additional Rules Applicable to ISOs.  To the extent that the aggregate fair market value (determined at the time of grant of the applicable option) of stock with respect to which ISOs first become exercisable by a participant in any calendar year exceeds $100,000, taking into account both Common Stock subject to ISOs under this Plan and stock subject to ISOs under all other plans of the Corporation or one of its Subsidiaries (or any parent or predecessor corporation to the extent required by and within the meaning of Section 422 of the Code and the regulations promulgated thereunder), such options shall be treated as nonqualified stock options. In reducing the number of options treated as ISOs to meet the $100,000 limit, the most recently granted options shall be reduced first. To the extent a reduction of simultaneously granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which shares of Common Stock are to be treated as shares acquired pursuant to the exercise of an ISO. ISOs may only be granted to employees of the Corporation or one of its subsidiaries (for this purpose, the term “subsidiary” is used as defined in Section 424(f) of the Code, which generally requires an unbroken chain of ownership of at least 50% of the total combined voting power of all classes of stock of each subsidiary in the chain beginning with the Corporation and ending with the subsidiary in question). No ISO may be granted to any person who, at the time the option is granted, owns (or is deemed to own under Section 424(d) of the Code) shares of outstanding Common Stock possessing more than 10% of the total combined voting power of all classes of stock of the Corporation, unless the exercise price of such option is at least 110% of the fair market value of the stock subject to the option and such option by its terms is not exercisable after the expiration of five years from the date such option is granted. If an otherwise‐intended ISO fails to meet the applicable requirements of Section 422 of the Code, the option shall be a nonqualified stock option.
5.1.3  Stock Appreciation Rights.  A stock appreciation right or “SAR” is a right to receive a payment, in cash and/or Common Stock, equal to the excess of the fair market value of a specified number of shares of Common Stock on the date the SAR is exercised over the “base price” of the award, which base price shall be set forth in the applicable award agreement and shall be not less than 100% of the fair market value of a share of Common Stock on the date of grant of the SAR. The maximum term of a SAR shall be ten (10) years.
5.1.4  Other Awards; Dividend Equivalent Rights.  The other types of awards that may be granted under this Plan include: (a) stock bonuses, restricted stock, performance stock, stock units, restricted stock units, deferred shares, phantom stock or similar rights to purchase or acquire shares, whether at a fixed or variable price (or no price) or fixed or variable ratio related to the Common Stock, and any of which may (but need not) be fully vested at grant or vest upon the passage of time, the occurrence of one or more events, the satisfaction of performance criteria or other conditions, or any combination thereof; or (b) cash awards. The types of cash awards that may be granted under this Plan include the opportunity to receive a payment for the achievement of one or more goals established by the Administrator, on such terms as the Administrator may provide, as well as discretionary cash awards. Dividend equivalent rights may be granted as a separate award or in connection with another award under this Plan; provided, however, that dividend equivalent rights may not be granted as to a stock option or SAR granted under this Plan. In addition, any dividends and/or dividend equivalents as to the unvested portion of a restricted stock award that is subject to performance‐based vesting requirements or the unvested portion of a stock unit award that is subject to performance‐based vesting requirements will be subject to termination and forfeiture to the same extent as the corresponding portion of the award to which they relate in the event the applicable performance‐based vesting requirements are not satisfied.
5.2  Award Agreements.  Each award shall be evidenced by a written or electronic award agreement or notice in a form approved by the Administrator (an “award agreement”), and, in each case and if required by the Administrator, executed or otherwise electronically accepted by the recipient of the award in such form and manner as the Administrator may require.
5.3  Deferrals and Settlements.  Payment of awards may be in the form of cash, Common Stock, other awards or combinations thereof as the Administrator shall determine, and with such restrictions (if any) as it may impose. The Administrator may also require or permit participants to elect to defer the issuance of shares or the settlement of awards in cash under such rules and procedures as it may establish under this Plan. The Administrator may also 

provide that deferred settlements include the payment or crediting of interest or other earnings on the deferral amounts, or the payment or crediting of dividend equivalents where the deferred amounts are denominated in shares.
5.4  Consideration for Common Stock or Awards.  The purchase price (if any) for any award granted under this Plan or the Common Stock to be delivered pursuant to an award, as applicable, may be paid by means of any lawful consideration as determined by the Administrator, including, without limitation, one or a combination of the following methods:
		
	(a)
	services rendered by the recipient of such award;

		
	(b)
	cash, check payable to the order of the Corporation, or electronic funds transfer;

		
	(c)
	notice and third party payment in such manner as may be authorized by the Administrator;

		
	(d)
	the delivery of previously owned shares of Common Stock;

		
	(e)
	by a reduction in the number of shares otherwise deliverable pursuant to the award; or

		
	(f)
	subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise” with a third party who provides financing for the purposes of (or who otherwise facilitates) the purchase or exercise of awards.

In no event shall any shares newly‐issued by the Corporation be issued for less than the minimum lawful consideration for such shares or for consideration other than consideration permitted by applicable state law. Shares of Common Stock used to satisfy the exercise price of an option shall be valued at their fair market value. The Corporation will not be obligated to deliver any shares unless and until it receives full payment of the exercise or purchase price therefor and any related withholding obligations under Section 8.5 and any other conditions to exercise or purchase have been satisfied. Unless otherwise expressly provided in the applicable award agreement, the Administrator may at any time eliminate or limit a participant’s ability to pay any purchase or exercise price of any award or shares by any method other than cash payment to the Corporation.
5.5  Definition of Fair Market Value.  For purposes of this Plan, “fair market value” shall mean, unless otherwise determined or provided by the Administrator in the circumstances, the closing price (in regular trading) for a share of Common Stock on the New York Stock Exchange (the “Exchange”) for the date in question or, if no sales of Common Stock were reported on the Exchange on that date, the closing price (in regular trading) for a share of Common Stock on the Exchange for the next preceding day on which sales of Common Stock were reported on the Exchange. The Administrator may, however, provide with respect to one or more awards that the fair market value shall equal the closing price (in regular trading) for a share of Common Stock on the Exchange on the last trading day preceding the date in question or the average of the high and low trading prices of a share of Common Stock on the Exchange for the date in question or the most recent trading day. If the Common Stock is no longer listed or is no longer actively traded on the Exchange as of the applicable date, the fair market value of the Common Stock shall be the value as reasonably determined by the Administrator for purposes of the award in the circumstances. The Administrator also may adopt a different methodology for determining fair market value with respect to one or more awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular award(s) (for example, and without limitation, the Administrator may provide that fair market value for purposes of one or more awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the relevant date).
5.6  Transfer Restrictions.
5.6.1  Limitations on Exercise and Transfer.  Unless otherwise expressly provided in (or pursuant to) this Section 5.6 or required by applicable law: (a) all awards are non‐transferable and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; (b) awards shall be exercised only by the participant; and (c) amounts payable or shares issuable pursuant to any award shall be delivered only to (or for the account of) the participant.
5.6.2  Exceptions.  The Administrator may permit awards to be exercised by and paid to, or otherwise transferred to, other persons or entities pursuant to such conditions and procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish in writing. Any permitted 

transfer shall be subject to compliance with applicable federal and state securities laws and shall not be for value (other than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than 50% of the voting interests are held by the Eligible Person or by the Eligible Person’s family members).
5.6.3  Further Exceptions to Limits on Transfer.  The exercise and transfer restrictions in Section 5.6.1 shall not apply to: (a) transfers to the Corporation (for example, in connection with the expiration or termination of the award);
		
	(b)
	the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died, transfers to or exercise by the participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution;

		
	(c)
	subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if received by the Administrator;

		
	(d)
	if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative; or

		
	(e)
	the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of awards consistent with applicable laws and any limitations imposed by the Administrator.

5.7  International Awards.  One or more awards may be granted to Eligible Persons who provide services to the Corporation or one of its Subsidiaries outside of the United States. Any awards granted to such persons may be granted pursuant to the terms and conditions of any applicable sub‐plans, if any, appended to this Plan and approved by the Administrator from time to time. The awards so granted need not comply with other specific terms of this Plan, provided that stockholder approval of any deviation from the specific terms of this Plan is not required by applicable law or any applicable listing agency.
6.  EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS
6.1  General.  The Administrator shall establish the effect (if any) of a termination of employment or service on the rights and benefits under each award under this Plan and in so doing may make distinctions based upon, inter alia, the cause of termination and type of award. If the participant is not an employee of the Corporation or one of its Subsidiaries, is not a member of the Board, and provides other services to the Corporation or one of its Subsidiaries, the Administrator shall be the sole judge for purposes of this Plan (unless a contract or the award otherwise provides) of whether the participant continues to render services to the Corporation or one of its Subsidiaries and the date, if any, upon which such services shall be deemed to have terminated.
6.2  Events Not Deemed Terminations of Employment.  Unless the express policy of the Corporation or one of its Subsidiaries, or the Administrator, otherwise provides, or except as otherwise required by applicable law, the employment relationship shall not be considered terminated in the case of: (a) sick leave, (b) military leave, or (c) any other leave of absence authorized by the Corporation or one of its Subsidiaries, or the Administrator; provided that, unless reemployment upon the expiration of such leave is guaranteed by contract or law or the Administrator otherwise provides, such leave is for a period of not more than three months. In the case of any employee of the Corporation or one of its Subsidiaries on an approved leave of absence, continued vesting of the award while on leave from the employ of the Corporation or one of its Subsidiaries may be suspended until the employee returns to service, unless the Administrator otherwise provides or applicable law otherwise requires. In no event shall an award be exercised after the expiration of any applicable maximum term of the award.
6.3  Effect of Change of Subsidiary Status.  For purposes of this Plan and any award, if an entity ceases to be a Subsidiary of the Corporation a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible Person in respect of the Corporation or another Subsidiary that continues as such after giving effect to the transaction or other event giving rise to the change in status unless the Subsidiary that is sold, spun‐off or otherwise divested (or its successor or a direct or indirect parent of such Subsidiary or successor) assumes the Eligible Person’s award(s) in connection with such transaction.

7.  ADJUSTMENTS; ACCELERATION
7.1.  Adjustments.
		
	(a)
	Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately prior to): any reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend) or reverse stock split; any merger, combination, consolidation, conversion or other reorganization; any spin‐off, split‐up, or similar extraordinary dividend distribution in respect of the Common Stock; or any exchange of Common Stock or other securities of the Corporation, or any similar, unusual or extraordinary corporate transaction in respect of the Common Stock; then the Administrator shall equitably and proportionately adjust: (1) the number and type of shares of Common Stock (or other securities) that thereafter may be made the subject of awards (including the specific share limits, maximums and numbers of shares set forth elsewhere in this Plan); (2) the number, amount and type of shares of Common Stock (or other securities or property) subject to any outstanding awards; (3) the grant, purchase, or exercise price (which term includes the base price of any SAR or similar right) of any outstanding awards; and/or (4) the securities, cash or other property deliverable upon exercise or payment of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then‐outstanding awards.

		
	(b)
	Without limiting the generality of Section 3.4, any good faith determination by the Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons.

7.2  Corporate Transactions-Assumption and Termination of Awards.
		
	(a)
	Upon any event in which the Corporation does not survive, or does not survive as a public company in respect of its Common Stock (including, without limitation, a dissolution, merger, combination, consolidation, conversion, exchange of securities, or other reorganization, or a sale of all or substantially all of the business, stock or assets of the Corporation, in any case in connection with which the Corporation does not survive or does not survive as a public company in respect of its Common Stock), then the Administrator may make provision for a cash payment in settlement of, or for the termination, assumption, substitution or exchange of any or all outstanding awards or the cash, securities or property deliverable to the holder of any or all outstanding awards, based upon, to the extent relevant under the circumstances, the distribution or consideration payable to holders of the Common Stock upon or in respect of such event. Upon the occurrence of any event described in the preceding sentence in connection with which the Administrator has made provision for the award to be terminated (and the Administrator has not made a provision for the substitution, assumption, exchange or other continuation or settlement of the award): (1) unless otherwise provided in the applicable award agreement, each then‐outstanding option and SAR shall become fully vested, all shares of restricted stock then outstanding shall fully vest free of restrictions, and each other award granted under this Plan that is then outstanding shall become fully vested; and (2) each award (including any award or portion thereof that, by its terms, does not accelerate and vest in the circumstances) shall terminate upon the related event; provided that the holder of an option or SAR shall be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise his or her outstanding vested options and SARs (after giving effect to any accelerated vesting required in the circumstances) in accordance with their terms before the termination of such awards (except that in no case shall more than ten days’ notice of the impending termination be required and any acceleration of vesting and any exercise of any portion of an award that is so accelerated may be made contingent upon the actual occurrence of the event).

		
	(b)
	Without limiting the preceding paragraph, in connection with any event referred to in the preceding paragraph or any change in control event defined in any applicable award agreement, the Administrator may, in its discretion, provide for the accelerated vesting of any award or awards as and to the extent determined by the Administrator in the circumstances.

		
	(c)
	For purposes of this Section 7.2, an award shall be deemed to have been “assumed” if (without limiting other circumstances in which an award is assumed) the award continues after an event referred to above in this Section 7.2, and/or is assumed and continued by the surviving entity 

following such event (including, without limitation, an entity that, as a result of such event, owns the Corporation or all or substantially all of the Corporation’s assets directly or through one or more subsidiaries (a “Parent”)), and confers the right to purchase or receive, as applicable and subject to vesting and the other terms and conditions of the award, for each share of Common Stock subject to the award immediately prior to the event, the consideration (whether cash, shares, or other securities or property) received in the event by the stockholders of the Corporation for each share of Common Stock sold or exchanged in such event (or the consideration received by a majority of the stockholders participating in such event if the stockholders were offered a choice of consideration); provided, however, that if the consideration offered for a share of Common Stock in the event is not solely the ordinary common stock of a successor corporation or a Parent, the Administrator may provide for the consideration to be received upon exercise or payment of the award, for each share subject to the award, to be solely ordinary common stock of the successor corporation or a Parent equal in fair market value to the per share consideration received by the stockholders participating in the event.
		
	(d)
	The Administrator may adopt such valuation methodologies for outstanding awards as it deems reasonable in the event of a cash or property settlement and, in the case of options, SARs or similar rights, but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount payable upon or in respect of such event over the exercise or base price of the award. In the case of an option, SAR or similar right as to which the per share amount payable upon or in respect of such event is less than or equal to the exercise or base price of the award, the Administrator may terminate such award in connection with an event referred to in this Section 7.2 without any payment in respect of such award.

		
	(e)
	In any of the events referred to in this Section 7.2, the Administrator may take such action contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence of such event) to the extent that the Administrator deems the action necessary to permit the participant to realize the benefits intended to be conveyed with respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration and/or termination to occur immediately prior to the applicable event and, in such circumstances, will reinstate the original terms of the award if an event giving rise to an acceleration and/or termination does not occur.

		
	(f)
	Without limiting the generality of Section 3.4, any good faith determination by the Administrator pursuant to its authority under this Section 7.2 shall be conclusive and binding on all persons.

		
	(g)
	The Administrator may override the provisions of this Section 7.2 by express provision in the award agreement and may accord any Eligible Person a right to refuse any acceleration, whether pursuant to the award agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any ISO accelerated in connection with an event referred to in this Section 7.2 (or such other circumstances as may trigger accelerated vesting of the award) shall remain exercisable as an ISO only to the extent the applicable $100,000 limitation on ISOs is not exceeded. To the extent exceeded, the accelerated portion of the option shall be exercisable as a nonqualified stock option under the Code.

8.  OTHER PROVISIONS
8.1  Compliance with Laws.  This Plan, the granting and vesting of awards under this Plan, the offer, issuance and delivery of shares of Common Stock, and/or the payment of money under this Plan or under awards are subject to compliance with all applicable federal, state, local and foreign laws, rules and regulations (including, but not limited to, state and federal securities law and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will, if requested by the Corporation or one of its Subsidiaries, provide such assurances and representations to the Corporation or one of its Subsidiaries as the Administrator may deem necessary or desirable to assure compliance with all applicable legal and accounting requirements.
8.2  No Rights to Award.  No person shall have any claim or rights to be granted an award (or additional awards, as the case may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary.

8.3  No Employment/Service Contract.  Nothing contained in this Plan (or in any other documents under this Plan or in any award) shall confer upon any Eligible Person or other participant any right to continue in the employ or other service of the Corporation or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an employee’s status as an employee at will, nor shall interfere in any way with the right of the Corporation or one of its Subsidiaries to change a person’s compensation or other benefits, or to terminate his or her employment or other service, with or without cause. Nothing in this Section 8.3, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract other than an award agreement.
8.4  Plan Not Funded.  Awards payable under this Plan shall be payable in shares or from the general assets of the Corporation, and no special or separate reserve, fund or deposit shall be made to assure payment of such awards. No participant, beneficiary or other person shall have any right, title or interest in any fund or in any specific asset (including shares of Common Stock, except as expressly otherwise provided) of the Corporation or one of its Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan shall create, or be construed to create, a trust of any kind or a fiduciary relationship between the Corporation or one of its Subsidiaries and any participant, beneficiary or other person. To the extent that a participant, beneficiary or other person acquires a right to receive payment pursuant to any award hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation.
8.5  Tax Withholding.  Upon any exercise, vesting, or payment of any award, or upon the disposition of shares of Common Stock acquired pursuant to the exercise of an ISO prior to satisfaction of the holding period requirements of Section 422 of the Code, or upon any other tax withholding event with respect to any award, arrangements satisfactory to the Corporation shall be made to provide for any taxes the Corporation or any of its Subsidiaries may be required or permitted to withhold with respect to such award event or payment. Such arrangements may include (but are not limited to) any one of (or a combination of) the following:
		
	(a)
	The Corporation or one of its Subsidiaries shall have the right to require the participant (or the participant’s personal representative or beneficiary, as the case may be) to pay or provide for payment of the amount of any taxes which the Corporation or one of its Subsidiaries may be required or permitted to withhold with respect to such award event or payment.

		
	(b)
	The Corporation or one of its Subsidiaries shall have the right to deduct from any amount otherwise payable in cash (whether related to the award or otherwise) to the participant (or the participant’s personal representative or beneficiary, as the case may be) the amount of any taxes which the Corporation or one of its Subsidiaries may be required or permitted to withhold with respect to such award event or payment.

		
	(c)
	In any case where a tax is required to be withheld in connection with the delivery of shares of Common Stock under this Plan, the Administrator may in its sole discretion (subject to Section 8.1) require or grant (either at the time of the award or thereafter) to the participant the right to elect, pursuant to such rules and subject to such conditions as the Administrator may establish, that the Corporation reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their fair market value or at the sales price in accordance with authorized procedures for cashless exercises, necessary to satisfy any applicable withholding obligation on exercise, vesting or payment.

8.6  Effective Date, Termination and Suspension, Amendments.
8.6.1  Effective Date.  This Plan is effective as of March 7, 2018, the date of its approval by the Board (the “Effective Date”). This Plan shall be submitted for and subject to stockholder approval no later than twelve months after the Effective Date. Unless earlier terminated by the Board and subject to any extension that may be approved by stockholders, this Plan shall terminate at the close of business on the day before the tenth anniversary of the Effective Date. After the termination of this Plan either upon such stated termination date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously granted awards (and the authority of the Administrator with respect thereto, including the authority to amend such awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan.

8.6.2  Board Authorization.  The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part. No awards may be granted during any period that the Board suspends this Plan.
8.6.3  Stockholder Approval.  To the extent then required by applicable law or deemed necessary or advisable by the Board, any amendment to this Plan shall be subject to stockholder approval.
8.6.4  Amendments to Awards.  Without limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator by agreement or resolution may waive conditions of or limitations on awards to participants that the Administrator in the prior exercise of its discretion has imposed, without the consent of a participant, and (subject to the requirements of Sections 3.2 and 8.6.5) may make other changes to the terms and conditions of awards. Any amendment or other action that would constitute a repricing of an award is subject to the no‐repricing provision of Section 3.3.
8.6.5  Limitations on Amendments to Plan and Awards.  No amendment, suspension or termination of this Plan or amendment of any outstanding award agreement shall, without written consent of the participant, affect in any manner materially adverse to the participant any rights or benefits of the participant or obligations of the Corporation under any award granted under this Plan prior to the effective date of such change. Changes, settlements and other actions contemplated by Section 7 shall not be deemed to constitute changes or amendments for purposes of this Section 8.6.
8.7  Privileges of Stock Ownership.  Except as otherwise expressly authorized by the Administrator, a participant shall not be entitled to any privilege of stock ownership as to any shares of Common Stock not actually delivered to and held of record by the participant. Except as expressly required by Section 7.1 or otherwise expressly provided by the Administrator, no adjustment will be made for dividends or other rights as a stockholder for which a record date is prior to such date of delivery.
8.8  Governing Law; Severability.
8.8.1  Choice of Law.  This Plan, the awards, all documents evidencing awards and all other related documents shall be governed by, and construed in accordance with the laws of the State of Delaware, notwithstanding any Delaware or other conflict of law provision to the contrary.
8.8.2  Severability.  If a court of competent jurisdiction holds any provision invalid and unenforceable, the remaining provisions of this Plan shall continue in effect.
8.9  Captions.  Captions and headings are given to the sections and subsections of this 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 this Plan or any provision thereof.
8.10  Stock‐Based Awards in Substitution for Stock Options or Awards Granted by Other Corporation.  Awards may be granted to Eligible Persons in substitution for or in connection with an assumption of employee stock options, SARs, restricted stock or other stock‐based awards granted by other entities to persons who are or who will become Eligible Persons in respect of the Corporation or one of its Subsidiaries, in connection with a distribution, merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Corporation or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the stock or assets of the employing entity. The awards so granted need not comply with other specific terms of this Plan, provided the awards reflect adjustments giving effect to the assumption or substitution consistent with any conversion applicable to the common stock (or the securities otherwise subject to the award) in the transaction and any change in the issuer of the security. Any shares that are delivered and any awards that are granted by, or become obligations of, the Corporation, as a result of the assumption by the Corporation of, or in substitution for, outstanding awards previously granted or assumed by an acquired company (or previously granted or assumed by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Corporation or one of its Subsidiaries in connection with a business or asset acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for issuance under this Plan.
8.11  Non‐Exclusivity of Plan.  Nothing in this Plan shall limit or be deemed to limit the authority of the Board or the Administrator to grant awards or authorize any other compensation, with or without reference to the Common Stock, under any other plan or authority.

8.12  No Corporate Action Restriction.  The existence of this Plan, the award agreements and the awards granted hereunder shall not limit, affect, or restrict in any way the right or power of the Corporation or any Subsidiary (or any of their respective shareholders, boards of directors or committees thereof (or any subcommittees), as the case may be) to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the capital structure or business of the Corporation or any Subsidiary, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation or any Subsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference stock ahead of or affecting the capital stock (or the rights thereof) of the Corporation or any Subsidiary, (d) any dissolution or liquidation of the Corporation or any Subsidiary, (e) any sale or transfer of all or any part of the assets or business of the Corporation or any Subsidiary, (f) any other award, grant, or payment of incentives or other compensation under any other plan or authority (or any other action with respect to any benefit, incentive or compensation), or (g) any other corporate act or proceeding by the Corporation or any Subsidiary. No participant, beneficiary or any other person shall have any claim under any award or award agreement against any member of the Board or the Administrator, or the Corporation or any employees, officers or agents of the Corporation or any Subsidiary, as a result of any such action. Awards need not be structured so as to be deductible for tax purposes.
8.13  Other Company Benefit and Compensation Programs.  Payments and other benefits received by a participant under an award made pursuant to this Plan shall not be deemed a part of a participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Corporation or any Subsidiary, except where the Administrator expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments under any other plans, arrangements or authority of the Corporation or its Subsidiaries.
8.14  Clawback Policy.  The awards granted under this Plan are subject to the terms of the Corporation’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of awards or any shares of Common Stock or other cash or property received with respect to the awards (including any value received from a disposition of the shares acquired upon payment of the awards).

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