Document:

Rules relating to Share Award Scheme

 Exhibit 4.13 
 Dated 22nd August 2007 
 ASIA SATELLITE TELECOMMUNICATIONS 
 HOLDINGS LIMITED 
  
  
 RULES RELATING TO

 SHARE AWARD SCHEME 
  
  
 

 
 JSTC/67274340 

 CONTENTS 
 PARAGRAPH 
  

					
	1.	  	 PURPOSES OF THE SCHEME
	  	1
			
	2.	  	 DEFINITIONS AND INTERPRETATION
	  	1
			
	3.	  	 DURATION
	  	5
			
	4.	  	 ROLES OF THE VARIOUS BODIES
	  	5
			
	5.	  	 OPERATION OF THE SCHEME
	  	5
			
	6.	  	 TAKEOVER, RIGHTS ISSUE, OPEN OFFER, SCRIP DIVIDEND SCHEME, ETC.
	  	13
			
	7.	  	 SCHEME LIMIT
	  	16
			
	8.	  	 RETURNED SHARES
	  	16
			
	9.	  	 DISPUTES
	  	16
			
	10.	  	 ALTERATION OF THE SCHEME
	  	16
			
	11.	  	 TERMINATION
	  	17
			
	12.	  	 MISCELLANEOUS
	  	18
			
	13.	  	 GOVERNING LAW, ETC.
	  	19

  

 Page i 

 ASIA SATELLITE TELECOMMUNICATIONS HOLDINGS LIMITED 
  
  
 RULES RELATING TO 
 SHARE AWARD SCHEME 
  
  
  

	1.	 PURPOSE OF THE SCHEME 

 On 22 August 2007, the Board approved the establishment of a share award scheme. The purpose of the Scheme is: 
  

	 	(a)	 to enhance the competitiveness of the Company in attracting and retaining the best senior staff for the development of the Company’s business and to
position the Company as an employer of choice; and 

  

	 	(b)	 to promote the long term financial success of the Company by aligning the interests of Eligible Employees and shareholders, 

 through the grant of Award Shares to the Eligible Employees. Award Shares granted in this Scheme will vest after a certain period as set
out in this Scheme. 
  

	2.	 DEFINITIONS AND INTERPRETATION 

  

	2.1	 Definitions 

 In these rules of the Scheme, unless the context otherwise requires, each of the following words and expressions shall have the meaning respectively shown opposite to it below:- 
  

			
	 “Adoption Date”
	  	 22 August 2007, being the date on which the Board adopted the Scheme;

		
	 “Annual Base Salary”
	  	 subject to paragraph 5.3(d), in respect of any calendar year the monthly base salary as at 30 June in the relevant year (excluding housing and other allowances) multiplied
by 12;

		
	 “Award Letter”
	  	 shall have the same meaning as set out in paragraph 5.4;

  

 Page 1 

			
		
	 “Award Period”
	  	 the period commencing on the Adoption Date, and ending on the day immediately prior to the 10th anniversary date of the Adoption Date (or in case such date is not a
Business Day, the Business Day immediately thereafter);

		
	 “Award Shares”
	  	 the Shares granted to an Eligible Employee pursuant to paragraph 5.2 and purchased by the Trustee under the direction or recommendation of the
Management;

		
	 “Board”
	  	 the board of directors of the Company or any duly authorised committee thereof;

		
	 “board lot”
	  	 the standardised number of Shares defined by the Stock Exchange as a trading unit, which is published in the website of the Stock Exchange;

		
	 “Business Day”
	  	 any day on which the Stock Exchange is open for the business of dealing in securities;

		
	 “Bye-laws”
	  	 the bye-laws of the Company from time to time;

		
	 “CEO”
	  	 the chief executive officer of the Subsidiary from time to time;

		
	 “Company”
	  	 Asia Satellite Telecommunications Holdings Limited;

		
	 “Eligible Employee”
	  	 in respect of any Grant Date, any Qualifying Employee approved for participation in the Scheme on the relevant Grant Date pursuant to paragraph 5.1(a) hereof, any person who
is an executive director of the Company or the Subsidiary, and the CEO on the relevant Grant Date;

		
	 “Employee”
	  	 any person employed by the Company or the Subsidiary. An Employee shall not cease to be an Employee in the case of any transfers of employment between the Company and the
Subsidiary;

		
	 “Grant”
	  	 the grant of Award Shares to Eligible Employees by the Company pursuant to the Scheme;

		
	 “Grant Date”
	  	 in respect of any calendar year, 1 July of the relevant year, or in case such date is not a Business Day, the Business Day immediately thereafter;

		
	 “HK$”
	  	 Hong Kong dollars, the lawful currency of Hong Kong;

		
	 “Hong Kong”
	  	 the Hong Kong Special Administrative Region of the People’s Republic of China;

  

 Page 2 

			
	 “Listing Rules”
	  	 the Rules Governing the Listing of Securities on the Stock Exchange;

		
	 “Management”
	  	 executive staff of the Company as designated by the Board from time to time to operate the Scheme;

		
	 “Market Value”
	  	 in respect of any year, the average of the closing share prices for the Shares (or the closing bid, if no sales were reported) as quoted on the Stock Exchange for the twenty
(20) Business Days on which the trading of the Shares has not been suspended immediately following the annual general meeting of the Company in that year;

		
	 “Qualifying Employee(s)”
	  	 Employee(s) holding office with a title listed in Schedule 1 hereto (as may be amended by the Board from time to time in accordance with the rules of the
Scheme);

		
	 “Remuneration Committee”
	  	 the remuneration committee of the Company as designated by the Board from time to time to maintain an oversight of the operations of the Scheme;

		
	 “Returned Shares”
	  	 such Award Shares which are not vested and/or are forfeited in accordance with the terms of the Scheme, or such Shares being deemed to be Returned Shares under the terms of
the rules of the Scheme;

		
	 “Scheme”
	  	 the share award scheme adopted by the Company in accordance with the rules herein on the Adoption Date;

		
	 “Shares”
	  	 ordinary shares of HK$0.10 each of the Company, or, if there has been a sub-division, consolidation, re-classification or re-construction of the share capital of the Company,
shares forming part of the ordinary share capital of the Company of such other nominal amount as shall result from any such sub-division, consolidation, re-classification or re-construction;

		
	 “Special Dividend”
	  	 any dividend (or part of any dividend) which, in the opinion of the Board, by reason of its size and nature and by reason of its being paid out of retained profits or capital
rather than out of current profits of the Company, constitutes in effect a return of capital to shareholders;

		
	 “Stock Exchange”
	  	 The Stock Exchange of Hong Kong Limited;

  

 Page 3 

			
		
	 “Subsidiary”
	  	 Asia Satellite Telecommunications Company Limited, a company incorporated under the laws of the Hong Kong Special Administrative Region having its registered office at 17
th Floor, The Lee Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong;

		
	 “Trust”
	  	 the trust constituted by the Trust Deed to service this Scheme;

		
	 “Trust Deed”
	  	 a trust deed dated 22nd August 2007 entered into between the Company and
the Trustee (as may be restated, supplemented and amended from time to time);

		
	 “Trustee”
	  	 trustee appointed by the Company for the purpose of the Trust, and initially, Equity Trust (Jersey) Limited, a company incorporated in Jersey and having its registered office
at Equity Trust House, 28-30 The Parade, St Helier, Jersey, Channel Islands;

		
	 “Vesting Date”
	  	 shall have the meaning as set out in paragraph 5.6(a); and

		
	 “Vesting Notice”
	  	 shall have the meaning as set out in paragraph 5.6(b)(i).

  

	2.2	 Construction of references and interpretation 

 In these rules of the Scheme, save where the context otherwise requires:- 
  

	 	(a)	 the headings are inserted for convenience only and shall not limit, vary, extend or otherwise affect the construction of any provision of these rules of the
Scheme; 

  

	 	(b)	 references to paragraphs are references to paragraphs of these rules of the Scheme; 

  

	 	(c)	 references to any statute or statutory provision shall be construed as references to such statute or statutory provision as respectively amended, consolidated or
re-enacted, or as its operation is modified by any other statute or statutory provision (whether with or without modification), and shall include any subsidiary legislation enacted under the relevant statute; 

  

	 	(d)	 expressions in the singular shall include the plural and vice versa; 

  

	 	(e)	 expressions in any gender shall include other genders; and 

  

	 	(f)	 references to persons shall include bodies corporate, corporations, partnerships, sole proprietorships, organisations, associations, enterprises, branches and
entities of any other kind. 

  

 Page 4 

	3.	 DURATION 

 Subject to any early termination as may be determined by the Board pursuant to paragraph 11, the Scheme shall be valid and effective for a term of 20 years commencing on the Adoption Date provided that no further awards will be granted and
no further settlement of cash or other assets shall be made after the Award Period. 
  

	4.	 ROLES OF THE VARIOUS BODIES 

  

	4.1	 The Board 

 The Board will be the body to decide and approve the implementation of the Scheme. The Board’s powers include the authority to construe and interpret the terms of the Scheme. 
  

	4.2	 Remuneration Committee 

 The Remuneration Committee is set up by the Board with delegated authority to maintain an oversight of the operations of the Scheme, to make recommendations to the Board from time to time for its consideration and
approval, and to determine the number of Award Shares for the Eligible Employees. 
  

	4.3	 Management 

 Management shall assist the Board and the CEO in the administration of the Scheme. The Board’s decision shall be final and binding. 
  

	4.4	 The Trustee 

 The Trustee will hold the Shares and the income derived therefrom in accordance with the terms of the Trust Deed and for the purpose of satisfying the grant of Award Shares pursuant to this Scheme. 
  

	5.	 OPERATION OF THE SCHEME 

  

	5.1	 Participant 

  

	 	(a)	 Each department head of the Company and/or the Subsidiary (as the case may be) may, no later than 1 June of each year in the Award Period, recommend a
Qualifying Employee or a number of Qualifying Employees, excluding himself, to the CEO for participation in the Scheme in respect of any particular Grant Date. Upon the approval by the Remuneration Committee, on the recommendation of the CEO, such
Qualifying Employee(s) shall be entitled to participate in the Scheme as an Eligible Employee in respect of that Grant Date. The Remuneration Committee, on the recommendation of the CEO, shall also select the department heads of the Company and/or
the Subsidiary that are entitled to participate in the Scheme as Eligible Employees in respect of a particular Grant Date. 

  

 Page 5 

	 	(b)	 Each Eligible Employee may be awarded Award Shares subject to the terms and conditions set out in this Scheme. 

  

	5.2	 Award Shares 

  

					
	 (a)
	 	 (i)
	 	 Eligible Employees other than the CEO

			
		 		 	 Subject to this paragraph and paragraphs 3, 5.2(b), 5.3 and 7 herein, on any Grant Date during the Award Period an Eligible Employee for the relevant Grant Date (other
than the CEO) may be granted such number of Award Shares as the Remuneration Committee, on the recommendation of the CEO, may determine at its absolute discretion provided that the total number of Award Shares that may be granted to the Eligible
Employees (other than the CEO) on such Grant Date shall be the total number of Award Shares determined according to the following formula:

  

											
	Total number of Award
Shares for all Eligible
Employees (other than the
CEO) in Year n	  	 =
  
	  	x%	  	x	  	 aggregate Annual Base Salary in Year n of all

 the Eligible Employees (other than the CEO)

 who remain as Eligible Employees on the Grant
Date in Year n
	  	
		  		  		  		  	Market Value per Share in Year n	  	

  

					
		 		 	 where x% = a percentage as determined by the Board from time to time; and
  
 where “Year n” is any given year in the Award Period

  

					
		 	 (ii)
	 	 CEO
  
 Subject to paragraphs 3, 5.2(b), 5.3 and 7 herein, on any Grant Date during the Award Period the CEO shall be granted such number of Award Shares as the
Remuneration Committee may determine at its absolute discretion.

  

					
		 	 (iii)
	 	 Fractions
  
 Any fractions resulting from the calculation of the total number of Award Shares under paragraph 5.2(a)(i) which are greater than or equal to 0.5 shall be rounded up to the nearest whole number
and any fractions less than 0.5 shall be rounded down to the nearest whole number.

  

					
	 (b)
	 		 	 Grants for 2005, 2006 and 2007
  

Notwithstanding anything to the contrary in this Scheme, the Company shall within twenty (20) Business Days from the Adoption Date make the first
grant of Award Shares to Eligible Employees in respect of each Grant Date in each of the calendar years 2005, 2006 and 2007 on the basis as if this Scheme were adopted in full force and effect on 1 July 2005, and for the purposes of this
paragraph only the Award Period shall include the three calendar years 2005, 2006 and 2007. For reference purposes, the value of “x” is 7% for 2005, 14% for 2006 and 36% for 2007.

  

 Page 6 

	5.3	 Participation, promotion or salary adjustment during the year 

  

	 	(a)	 If an Employee joins as or is promoted to become a Qualifying Employee in a calendar year of any Grant Date but prior to the Grant Date of that year, and is
approved for participating in the Scheme as an Eligible Employee for that Grant Date in accordance with paragraph 5.2(a)(i) above; 

  

	 	(b)	 If an Employee joins as or is promoted to become a Qualifying Employee in a calendar year of any Grant Date but after the Grant Date of that year, and is
approved for participating in the Scheme as an Eligible Employee for the following Grant Date in accordance with paragraph 5.2(a)(i) above; or 

  

	 	(c)	 If the monthly base salary of an Eligible Employee is adjusted on or after 1 July in any given year, 

 then the provisions in paragraph 5.3(d) shall apply to determine the Annual Base Salary of such Employee used in the calculation of the
total number of Award Shares (other than the CEO) under paragraph 5.2(a)(i) above. 
  

					
	 (d)
	  	 (i)
	  	 in the case of paragraph 5.3(a) above, the Annual Base Salary of the Eligible Employee shall be prorated to the number of full calendar months of his employment as a
Qualifying Employee in such calendar year of joining or promotion on the assumption that he is and will remain employed by the Company or the Subsidiary (as the case may be) as a Qualifying Employee for the remainder of that calendar
year;

			
		  	 (ii)
	  	 in the case of paragraph 5.3(b) above, the Annual Base Salary of the Eligible Employee for the relevant following calendar year shall be increased by his monthly base salary
as at 31 December in the year he joins or the year of his promotion (excluding housing and other allowances) multiplied by the number of full calendar months of his employment as a Qualifying Employee in such calendar year of joining or
promotion; and

			
		  	 (iii)
	  	 the Annual Base Salary of an Eligible Employee whose monthly base salary is adjusted on or after 1 July in any given year and who is and remains as an Eligible Employee
for the following Grant Date will be adjusted in respect of the following Grant Date by adding or subtracting (as the case may be) the total differences in the monthly base salary in the remaining months of that given year after such salary
adjustment.

  

 Page 7 

 Illustrative examples 
 Assuming that 1 July is not a Business Day, and that 2 July is the Business Day immediately thereafter: 
  

			
	 Joining or participating on 1 March 2008:
	  	 For the purposes of calculating the total number of Award Shares for 2008 under paragraph 5.2(a)(i) above, the Annual Base Salary of the Eligible Employee will be 10 times
his monthly base salary as at 30 June 2008.

		
	 Joining or participating on 1 October 2008:
	  	 1 October is not a working date. This will be considered as a full calendar month employment. For the purposes of calculating the total number of Award Shares for 2009 under
paragraph 5.2(a)(i) above, the Annual Base Salary of the Eligible Employee shall be the sum of (i) his monthly base salary as at 30 June 2009 multiplied by 12; and (ii) his monthly base salary as at 31 December 2008 multiplied by
3.

		
	 Salary adjustment on 1 March 2008
	  	 No adjustment in the Annual Base Salary of the Eligible Employee in respect of the Grant in 2009 is required as the Annual Base Salary of such Employee in respect of the
Grant for 2008 is based on the adjusted salary as at 30 June 2008.

		
	 Salary adjustment on 1 October 2008
	  	 For the purposes of calculating the total number of Award Shares for 2009 under paragraph 5.2(a)(i) above, the Annual Base Salary of the Eligible Employee shall be the sum of
(i) his monthly base salary as at 30 June 2009 multiplied by 12; and (ii) the total differences in his monthly base salary after the salary adjustment for the period between 1 October 2008 and 31 December 2008.

  

	5.4	 Award Letter 

 The Company shall issue a letter to each Eligible Employee in such form as the Management may from time to time determine, specifying the number of Award Shares, the Grant Date and the Vesting Dates to which the Grant relates (the
“Award Letter”). The Grant under the Award Letter and the other terms and conditions set forth in the Award Letter shall be deemed accepted by the Eligible Employee upon the Eligible Employee’s counter-signing the Award Letter.

  

 Page 8 

	5.5	 Settlement of the Grant 

  

	 	(a)	 The Management shall, after having regard to the requirement under paragraph 5.11, pay to the Trustee such monies in such amount as approved by the Remuneration
Committee, and may give directions or a recommendation to the Trustee to apply such monies and/or such other net amount of cash derived from Shares held as part of the Trust Fund as approved by the Remuneration Committee to acquire Shares or
otherwise to apply any Returned Shares held in the Trust to satisfy the Grant made under the Scheme. 

  

	 	(b)	 Within 20 Business Days (provided the trading of the Shares has not been suspended or such longer period as the Trustee and the Management may agree from time to
time having regard to the circumstances of the purchase concerned) after receiving the amount or the direction to use such amount as specified in paragraph 5.5(a) above, the Trustee shall apply the same towards the purchase of the Shares at the
prevailing market price in order to satisfy any Grant. Any excess amount provided shall be retained by the Trustee for the benefit of the Trust. Where the amount paid or caused to be paid by the Company or where the amount that the Trustee is
directed by the Company to use is not sufficient to purchase all of the Shares required to satisfy any Grant, the Trustee shall acquire the maximum number of board lots of Shares that it is able to acquire with the net cash available in the fund of
the Trust and the Company undertakes to provide further funds to the Trustee. For the avoidance of doubt, the Shares so purchased shall form part of the capital of the trust fund of the Trust. 

  

	 	(c)	 The Trustee shall only be obliged to transfer Award Shares to Eligible Employees on vesting to the extent that Award Shares are comprised in the Trust.

  

	5.6	 Vesting 

  

	 	(a)	 The Board shall determine from time to time the dates on which the Award Shares for each Grant are to vest in the relevant Eligible Employees (the
“Vesting Dates”, and each a “Vesting Date”) provided that the Vesting Date shall not be later than the 18th anniversary date of the Adoption Date. Initially, the Board determines that all the Award Shares held by
the Trustee upon the Trust and which are referable to an Eligible Employee shall vest in that Eligible Employee over a five (5) year period as follows: 

  

			
	 Percentage of the Award
Shares
	  	 Date of Vesting
 (Note)

	25%	  	Second anniversary date of the Grant Date
	25%	  	Third anniversary date of the Grant Date
	25%	  	Fourth anniversary date of the Grant Date
	balance	  	Fifth anniversary date of the Grant Date

  

 Page 9 

 save that the Grants which are made in respect of the Grant Dates in years 2005 and 2006
pursuant to paragraph 5.2(b) above will vest on 1 July 2008 and 1 July 2009 respectively (or the Business Date immediately thereafter if such date is not a Business Day). 
  

	 	Note :	 In case where such anniversary date is not a Business Day, the Vesting Date shall be the Business Day immediately thereafter.

  

	 	(b)	 Except in the circumstances as set out in paragraph 5.7(b), 

  

	 	(i)	 barring any unforeseen circumstances, one month prior to any Vesting Date, the Management shall (I) send to the relevant Eligible Employee a vesting notice
(the “Vesting Notice”) together with such prescribed transfer documents which the Eligible Employee is required to execute to effect the vesting and transfer of the Award Shares on the relevant Vesting Date, and (II) notify the
Trustee the extent to which Award Shares held in the Trust shall be transferred and released from the Trust to the Eligible Employee in satisfaction of the Grant; 

  

	 	(ii)	 subject to the receipt of the Vesting Notice and the transfer documents duly signed by the Eligible Employee within the period stipulated in the Vesting Notice
which shall not be less than 90 calendar days (or such longer period as the Management shall otherwise determine), the Trustee shall transfer the relevant Award Shares to the relevant Eligible Employee within 20 Business Days after receipt of the
signed Vesting Notice and transfer documents; and 

  

	 	(iii)	 in the event an Eligible Employee fails to return duly executed transfer documents prescribed in the Vesting Notice for the relevant Award Shares within the
stipulated period, the relevant part of a Grant to such Eligible Employee shall, subject to Management’s discretion otherwise, automatically lapse forthwith and the relevant Award Shares shall not vest on the relevant Vesting Date but shall be
retained by the Trustee as Returned Shares for the purposes of the Scheme. 

  

	 	(c)	 Any stamp duty or other direct costs and expenses arising on vesting and transfer of the Award Shares to the Eligible Employees shall be borne by the Company.

  

	 	(d)	 All costs and expenses in relation to all dealings with the Award Shares after vesting and transfer of the Award Shares to the Eligible Employee shall be borne
by the Eligible Employee and neither the Company nor the Trustee shall be liable for any such costs and expenses thereafter. 

  

	 	(e)	 All taxes impositions and charges (such as personal income taxes) in relation to the Award Shares (the “Taxes”) shall be borne by the Eligible
Employee after the Grant or vesting of the Award Shares and neither the Company nor the Trustee shall be liable for any Taxes. 

  

 Page 10 

	 	(f)	 The Trustee shall not be obliged to transfer any Award Shares unless and until the Eligible Employee has paid to the Trustee or the Company such sum as is
sufficient to indemnify any such person in full against any costs, liabilities or taxes arising on Vesting or has provided evidence satisfactory to the Trustee or the Company that such arrangements have been made as the Trustee or the Company may
reasonably require to ensure that any costs, liabilities or taxes will be reimbursed for which any such person is liable to account. 

  

	5.7	 Cessation of Employment and Other Events 

  

	 	(a)	 Notwithstanding the provision of paragraph 5.6, in respect of an Eligible Employee who dies or retires at or after his normal retirement age as specified in
his/her terms of employment at any time prior to a Vesting Date, all the outstanding Award Shares not yet vested shall be deemed to be vested on the day immediately prior to his death or retirement at his normal retirement date. The vesting of Award
Shares in respect of any Eligible Employee who retires other than on his normal retirement date will be within the discretion of the Remuneration Committee. In the case of retirement, upon vesting the procedures as set out in paragraph 5.6(b) shall
apply except that the Vesting Notice will be sent to such Eligible Employee as soon as practicable after his retirement date. 

  

	 	(b)	 In the event that a Grant or any part thereof to an Eligible Employee vests by reason of the death of such Eligible Employee, the Trustee shall hold such number
of Shares as are equal to the vested Award Shares (subject to the Trustee being in possession of sufficient Shares in the fund of the Trust) (hereinafter referred to as “Benefits”) upon trust and to transfer the same to the legal
personal representatives of the Eligible Employee within two years of the death of the Eligible Employee (or such longer period as the Trustee and the Management shall agree from time to time) or, if the Benefits would otherwise become bona
vacantia, the Benefits shall be forfeited and cease to be transferable and such Benefits shall be held by the Trustee as Returned Shares for the purposes of the Scheme. Notwithstanding the foregoing, the Benefits held upon the trusts hereof shall
until transfer is made in accordance herewith be retained and may be invested and otherwise dealt with by the Trustee in every way as if they had remained part of the Trust. 

  

	 	(c)	 In the event (i) the Subsidiary by which an Eligible Employee is employed ceases to be a subsidiary of the Company, or (ii) an order for the winding-up
of the Company is made or a resolution is passed for the voluntary winding-up of the Company (otherwise than for the purposes of, and followed by, an amalgamation or reconstruction in such circumstances that substantially the whole of the
undertaking, assets and liabilities of the Company pass to a successor company), or (iii) the Eligible Employee is made redundant by the Company or the Subsidiary, all the outstanding Award Shares not yet vested and that are granted (whether
conditionally or unconditionally) shall vest immediately. In any of these cases, upon vesting the procedures as set out in paragraph 5.6(b) shall apply except that the Vesting Notice will be sent to such Eligible Employee as soon as practicable
after the Vesting Date. 

  

 Page 11 

	 	(d)	 If an Eligible Employee ceases to be an Employee for reasons other than provided under paragraphs 5.7(a) to (c), then, all outstanding Award Shares not yet
vested shall be forfeited on his ceasing to be employed by the Company unless the Remuneration Committee, on the recommendation of the Management, determines otherwise at its absolute discretion. 

  

	 	(e)	 If an Eligible Employee ceases to be a Qualifying Employee but remains as an Employee, such Employee will remain entitled to all outstanding Award Shares not yet
vested made prior to the demotion until or unless such outstanding Award Shares are forfeited in accordance with the terms of this Scheme. 

  

	 	(f)	 For the purpose of paragraphs 5.7(c) and (d), a resolution of the Remuneration Committee, on the recommendation of the Management, to the effect that the
Eligible Employee has or has not ceased to be an Employee or been made redundant shall be conclusive. 

  

	5.8	 Transferability and other rights to Award Shares 

  

	 	(a)	 Any Award Shares granted hereunder but not yet vested shall be personal to the Eligible Employee to whom it is made and shall not be assignable or transferable
and no Eligible Employee shall in any way sell, transfer, charge, mortgage, encumber or create any interest in favour of any other person over or in relation to any Award Shares, or enter into any agreement to do so. 

  

	 	(b)	 Any breach of the foregoing shall entitle the Company to cancel any outstanding Award Shares or part thereof granted to such Eligible Employee. For this purpose,
a resolution of the Remuneration Committee, on the recommendation of the Management, to the effect that the Eligible Employee has or has not breached any of the foregoing shall be conclusive. 

  

	5.9	 Interest in the assets of the Trust 

 For the avoidance of doubt: 
  

	 	(a)	 an Eligible Employee shall only have a contingent interest in the Award Shares which are referable to him subject to the vesting of such Shares in accordance
with paragraphs 5.6, 5.7(a), 5.7(c) and 6.1; 

  

	 	(b)	 no instructions may be given by an Eligible Employee to the Trustee in respect of the Award Shares or any other property of the Trust;

  

	 	(c)	 the Trustee shall not exercise the voting rights in respect of any Shares held under the Trust (including but not limited to the Award Shares, any Returned
Shares, any bonus Shares and any scrip Shares); 

  

	 	(d)	 save as otherwise provided in this Scheme in relation to Special Dividend, an Eligible Employee shall have no right to any dividend or any of the Returned Shares
which shall be retained by the Trustee for the benefit of the Scheme; 

  

 Page 12 

	 	(e)	 an Eligible Employee shall have no rights in the balance of fractional share of a Grant and the fractional shares arising out of consolidation of Shares (such
Shares shall be deemed as Returned Shares for the purposes of the Scheme); 

  

	 	(f)	 save as provided under paragraphs 5.7(a) and (c), in the event an Eligible Employee ceases to be an Employee on the relevant Vesting Date, the award of the Award
Shares in respect of the relevant Vesting Date shall lapse, such Award Shares shall not vest on the relevant Vesting Date and the Eligible Employee shall have no claims against the Company or the Trustee; and 

  

	 	(g)	 in the case of the death of an Eligible Employee, the Benefits shall be forfeited if no transfer of the Benefits to the legal personal representatives of the
Eligible Employee is made within the period prescribed in paragraph 5.7(b) and the legal personal representatives of the Eligible Employee shall have no claims against the Company or the Trustee. 

  

	5.10	 Timing of Grant 

 No payment shall be made to the Trustees pursuant to paragraph 5.5 and no directions or recommendation to acquire Shares shall be given to the Trustees under the Scheme where any director or member of Management is in possession of
unpublished price sensitive information in relation to the Company or where dealings by directors, officers or the Company in Shares or American depositary shares representing Shares are prohibited under any code or requirement of the Listing Rules,
the U.S. federal securities laws and all other applicable laws from time to time. 
  

	5.11	 Regulatory Compliance 

 In respect of the administration of the Scheme, the Company shall comply with all applicable laws and regulations, including without limitation those imposed by the Listing Rules and the U.S. federal securities laws
from time to time. 
  

	6.	 TAKEOVER, RIGHTS ISSUE, OPEN OFFER, SCRIP DIVIDEND SCHEME, ETC 

  

	6.1	 Change in control or privatisation 

 If there is an event of change in control of the Company by way of merger, or a privatisation of the Company, all the outstanding Grant not yet vested shall immediately vest on the date when such merger or
privatisation (as the case may be) becomes or is declared unconditional and such date shall be deemed the Vesting Date. Upon vesting, the procedures as set out in paragraph 5.6(b) shall apply except that the Vesting Notice will be sent to such
Eligible Employee as soon as practicable after the Vesting Date. Subject to the receipt by the Trustee of duly executed prescribed transfer documents on or before such time as the Trustee may determine, the Trustee shall transfer the Award Shares to
the Eligible Employee. For the purpose of this paragraph 6.1, “control” shall have the meaning as specified in The Codes on Takeovers and Mergers and Share Repurchases from time to time. For the avoidance of doubt, if there is an event of
change in control of the Company that does not affect the listing status of the Shares, the provisions in this paragraph 6.1 on automatic vesting shall not be applicable. 
  

 Page 13 

	6.2	 Open offer 

 In the event the Company undertakes an open offer of new securities in respect of any Shares which are held by the Trustee under the Scheme, the Trustee shall not subscribe for any new Shares. In the event of a rights issue, the Trustee
shall sell the nil-paid rights allotted to it and unless otherwise instructed by the Company the Trustee shall hold the net proceeds of sale as funds of the Trust. 
  

	6.3	 Bonus warrants 

 In the event the Company issues bonus warrants in respect of any Shares which are held by the Trustee, the Trustee shall not, unless otherwise instructed by the Company, subscribe for any new Shares by exercising any of the subscription
rights attached to the bonus warrants, and shall sell the bonus warrants created and granted to it, and the net proceeds of sale of such bonus warrants shall be held as funds of the Trust. 
  

	6.4	 Scrip Dividend  

 In the event the Company undertakes a scrip dividend scheme , the Trustee shall elect to receive scrip Shares and such Shares will be held as Returned Shares. 
  

	6.5	 Consolidation, Sub-division, Bonus issue and other distribution 

  

	 	(a)	 In the event the Company undertakes a sub-division or consolidation of the Shares, corresponding changes will be made to the number of outstanding Award Shares
that have been granted provided that the adjustments shall be made in such manner as the Remuneration Committee determines to be fair and reasonable in order to prevent dilution or enlargement of the benefits or potential benefits intended to
be made available under the Scheme for the Eligible Employees. All fractional shares arising out of such consolidation or sub-division in respect of the Award Shares of an Eligible Employee shall be deemed as Returned Shares and shall not be
transferred to the relevant Eligible Employee on the relevant Vesting Date. 

  

	 	(b)	 In the event of an issue of Shares by the Company credited as fully paid to the holders of the Shares by way of capitalisation of profits or reserves (including
share premium account), the Shares attributable to any Award Shares held by the Trustee shall be deemed to be an accretion to such Award Shares and shall be held by the Trustee as if they were Award Shares purchased by the Trustee hereunder and all
the provisions hereof in relation to the original Award Shares shall apply to such additional Shares. 

  

 Page 14 

	 	(c)	 In the event the Company pays any Special Dividend on any Award Shares held by the Trustee hereunder, the Trustee shall apply the proceeds of such dividend in
purchasing additional Shares which shall be allocated on a pro rata basis to the Award Shares in respect of which the dividend was paid. The additional Shares so allocated to any Award Shares shall be deemed to be an accretion to such Award Shares
and shall be held by the Trustee as if they were Award Shares purchased by the Trustee hereunder and all the provisions hereof in relation to the original Award Shares shall apply to such additional Shares. The provisions of paragraph 5.5(b) shall
apply mutatis mutandis to the purchase of such Shares hereunder by the Trustee. In the event of a Special Dividend paid by way of a distribution in specie, the Trustee, on the recommendation of the Remuneration Committee, shall either sell such
distribution in specie and apply the proceeds of the sale in accordance with this paragraph (c) or continue to hold such distribution in specie, which shall be deemed to form part of the Award Shares to which the distribution relates and shall
be held on the Trust accordingly. If, in the opinion of the Remuneration Committee, the purchase of Shares on any occasion is impracticable, in whole or in part, then the Remuneration Committee may direct the Trustee to apply the whole or part of
the relevant proceeds of sale in acquiring such other investment as it may direct (including depositing such monies with a bank or other financial institution) and such investment shall be deemed to form part of the Award Shares to which such monies
relate and shall be held on the Trust accordingly. 

  

	 	(d)	 In the event of any cash or non cash distribution or other events not referred to above by reason of which the Remuneration Committee considers an adjustment to
the outstanding Award Shares to be fair and reasonable, an adjustment shall be made to the number of outstanding Award Shares of each Eligible Employee as the Remuneration Committee shall consider as fair and reasonable provided that the
adjustments shall be made in such manner as the Remuneration Committee determines to be fair and reasonable in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Scheme for the
Eligible Employees. The Company shall provide such funds, or such directions on application of the Returned Shares or other funds in the Trust, as may be required to enable the Trustee to purchase Shares at the prevailing market price to satisfy the
additional Award Shares and paragraph 5.5(b) shall apply accordingly. 

  

	 	(e)	 In the event of other non-cash and non-scrip distributions made by the Company not otherwise referred to in this Scheme above in respect of the Shares held upon
the Trust, the Trustee shall dispose of such distribution and the net sale proceeds thereof shall be deemed as cash income of a Share held upon the Trust. 

  

	6.6	 Fractional Entitlement of Award Shares 

 For the purpose of paragraph 6, a fractional entitlement of a Share shall be rounded down to the nearest whole number. Any Shares resulting from any fractional entitlements shall be deemed to be Returned Shares.

  

 Page 15 

	7.	 SCHEME LIMIT 

  

	7.1	 Scheme limit 

 The Company shall not make any further grant of Award Shares which will result in the number of shares granted under the Scheme exceeding three (3) per cent of the total number of issued Shares as at the Adoption Date. 
  

	7.2	 Limit for each Eligible Employee 

 The maximum number of Award Shares which may be granted to an Eligible Employee but unvested under the Scheme shall not exceed one (1) per cent of the total number of issued Shares as at the Adoption Date.

  

	8.	 RETURNED SHARES 

 The Trustee shall hold Returned Shares to be applied in accordance with the provisions hereof for the purpose of the Scheme. 
 When Returned Shares have been awarded, the Trustee shall notify the Management accordingly. 
  

	9.	 DISPUTES 

 Any dispute arising in connection with the Scheme shall be referred to the decision of the Board who shall act as experts and not as arbitrators and whose decision shall be final and binding. 
  

	10.	 ALTERATION OF THE SCHEME 

  

	10.1	 The Scheme may be altered in any respect by a resolution of the Board provided that no such alteration shall operate to affect adversely any subsisting rights of
any Eligible Employee hereunder except: 

  

	 	(a)	 where the consent in writing of Eligible Employees is obtained amounting to three-fourths in nominal value of all Award Shares held by the Trustee on that date
other than Award Shares that have been forfeited in accordance with the terms of the Scheme; or 

  

	 	(b)	 with the sanction of a Special Resolution passed at a meeting of the Eligible Employees. 

  

	10.2	 For the avoidance of doubt, the change in the subsisting rights of an Eligible Employee in paragraph 10.1 refers to any change in the rights in respect of the
Award Shares already granted to an Eligible Employee. 

  

 Page 16 

	10.3	 For any such meeting of Eligible Employees referred to in paragraph 10.1 all the provisions of the Bye-laws as to general meetings of the Company shall apply
mutatis mutandis as though the Shares then held by the Trustee on behalf of Eligible Employees other than those that have been forfeited were a separate class of shares forming part of the share capital of the share capital of the Company except
that: 

  

	 	(a)	 not less than 7 days’ notice of such meeting shall be given; 

  

	 	(b)	 a quorum at any such meeting shall be two Eligible Employees present in person or by proxy; 

  

	 	(c)	 every Eligible Employee present in person or by proxy at any of such meeting shall be entitled on a show of hands to one vote, and on a poll, to one vote for
each Award Share awarded to him and held by the Trustee (but, for the avoidance of doubt, excluding for this purpose any Returned Shares); 

  

	 	(d)	 any Eligible Employee present in person or by proxy may demand a poll; and 

  

	 	(e)	 if any such meeting is adjourned for want of a quorum, such adjournment shall be to such date and time, not being less than 7 or more than 14 days thereafter,
and to such place as may be appointed by the chairman of the meeting. At any adjourned meeting those Eligible Employees who are then present in person or by proxy shall form a quorum provided that paragraph 10.3(b) shall be complied with in the
event of any such adjournment, and at least 7 days’ notice of any adjourned meeting shall be given in the same manner as for an original meeting and such notice shall state that those Eligible Employees who are then present in person or by
proxy shall form a quorum provided that paragraph 10.3(b) shall be complied with in the event of any such adjournment. 

  

	11.	 TERMINATION 

  

	11.1	 The Scheme shall terminate on the earlier of:- 

  

	 	(a)	 the 20th anniversary date of the Adoption Date; and 

  

	 	(b)	 such date of early termination as determined by the Board provided that such termination shall not affect any subsisting rights of any Eligible Employee
hereunder. 

  

	11.2	 On the Business Day following the settlement, lapse, forfeiture or cancellation (as the case may be) of the last outstanding Grant made or can be made under this
Scheme (whichever is the earlier), the Trustee shall sell all the Shares remaining in the Trust within 20 Business Days (on which trading of the Shares has not been suspended) of receiving notice of the settlement, lapse, forfeiture or cancellation
(as the case may be) of such last outstanding Grant (or such longer period as the Management may otherwise determine), and remit all cash and net proceeds of such sale referred to in this paragraph 11.2 and such other funds remaining in the Trust
(after making appropriate deductions in respect of all 

  

 Page 17 

	 	 
disposal costs, expenses and other existing and future liabilities in accordance with the Trust Deed) to the Company. For the avoidance of doubt, the Trustee
shall not transfer any Shares to the Company nor may the Company otherwise hold any Shares whatsoever (other than the proceeds in the sale of such Shares pursuant to this paragraph 11.2). 

  

	11.3	 For the avoidance of doubt, the temporary suspension of the granting of any Award Shares shall not be construed as a decision to terminate the operation of the
Scheme. 

  

	12.	 MISCELLANEOUS 

  

	12.1	 The Scheme shall not form part of any contract of employment between the Company or any Subsidiary and any Employee, and the rights and obligations of any
Employee under the terms of his office or employment shall not be affected by his participation in the Scheme or any right which he may have to participate in it and the Scheme shall afford such Employee no additional rights to compensation or
damages in consequence of the termination of such office or employment for any reason. 

  

	12.2	 The Company shall bear the costs of establishing and administering the Scheme, including, for the avoidance of doubt, costs arising from communication as
referred to in paragraph 12.3, expenses incurred in the purchase of Shares by the Trustee and stamp duty and normal registration fee (i.e. not being fee chargeable by the share registrar of any express service of registration) in respect of the
transfer of Shares to Eligible Employees on the relevant Vesting Date. For the avoidance of doubt, the Company shall not be liable for any tax or expenses of such other nature payable on the part of any Employee in respect of any sale, purchase,
vesting or transfer of Shares. 

  

	12.3	 Any notice or other communication between the Company and any Employee may be given by sending the same by prepaid post or by personal delivery to, in the case
of the Company, its registered office in Hong Kong or such other address as notified to the Employee from time to time and in the case of an Employee, his address in Hong Kong as notified to the Company from time to time or by hand delivery.

  

	12.4	 Any notice or other communication served by post shall be deemed to have been served 24 hours after the same was put in the post. 

 

	12.5	 The Company shall not be responsible for any failure by any Employee to obtain any consent or approval required for such Employee to participate in the Scheme as
an Eligible Employee or for any tax, duty, expenses, fees or any other liability to which he may become subject as a result of his participation in the Scheme. 

  

	12.6	 Each and every provision hereof shall be treated as a separate provision and shall be severally enforceable as such and in the event of any provision or
provisions being or becoming unenforceable in whole or in part. To the extent that any provision or provisions are unenforceable they shall be deemed to be deleted from these rules of the Scheme, and any such deletion shall not affect the
enforceability of the rules of the Scheme as remain not so deleted. 

  

 Page 18 

	13.	 GOVERNING LAW, ETC. 

  

	13.1	 The Scheme shall operate subject to the Bye-laws and any applicable law. 

  

	13.2	 The Scheme shall be governed by and construed in accordance with the laws of Hong Kong. 

  

 Page 192005 Equity and Performance Incentive Plan, As Amended

 Exhibit 10.1 
 PINNACLE ENTERTAINMENT, INC. 
 2005 EQUITY AND PERFORMANCE INCENTIVE PLAN, AS AMENDED

 PINNACLE ENTERTAINMENT, INC., a corporation existing under the laws of the State of Delaware (the “Company”), hereby
establishes and adopts the following 2005 Equity and Performance Incentive Plan (the “Plan”). Certain capitalized terms used in the Plan are defined in Article 2. 
 RECITALS 
 WHEREAS, the Company desires to encourage high levels of performance
by those individuals who are key to the success of the Company, to attract new individuals who are highly motivated and who are expected to contribute to the success of the Company and to encourage such individuals to remain as directors, employees,
consultants and/or advisors of the Company and its Affiliates by increasing their proprietary interest in the Company’s growth and success; and 
 WHEREAS, to attain these ends, the Company has formulated the Plan embodied herein to authorize the granting of Awards to Participants whose judgment, initiative and efforts are or have been or are expected to be
responsible for the success of the Company. 
 NOW, THEREFORE, the Company hereby constitutes, establishes and adopts the following Plan and
agrees to the following provisions: 
 ARTICLE I 
 PURPOSE OF THE PLAN 
 1.1 Purpose. The purpose of the Plan is to assist the Company and its
Affiliates in attracting and retaining selected individuals to serve as directors, employees, consultants and/or advisors of the Company who are expected to contribute to the Company’s success and to achieve long-term objectives which will
inure to the benefit of all stockholders of the Company through the additional incentives inherent in the Awards hereunder. 
 ARTICLE II

 DEFINITIONS 
 2.1
“Affiliate” shall mean (i) any person or entity that directly, or through one or more intermediaries, controls, or is controlled by, or is under common control with, the Company (including any Parent or Subsidiary) or
(ii) any entity in which the Company has a significant equity interest, as determined by the Committee. 
 2.2 “Applicable
Laws” means the legal requirements relating to the administration of and issuance of securities under stock incentive plans, including, without limitation, the requirements of state corporations law, federal and state securities law,
federal and state tax law, and the requirements of any stock exchange or quotation system upon which the Shares may then be listed or quoted. For all purposes of this Plan, references to statutes and regulations shall be deemed to include any
successor statutes and regulations, to the extent reasonably appropriate as determined by the Committee. 
 2.3 “Award”
shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Performance Award, Dividend Equivalent, Other Stock Unit Award or any other right, interest or option relating to Shares or other property (including cash) granted pursuant to
the provisions of the Plan. 
 2.4 “Award Agreement” shall mean any written agreement, contract or other instrument or
document evidencing any Award granted by the Committee hereunder. 
 2.5 “Board” shall mean the board of directors of the
Company. 
 2.6 “Cause” shall have the meaning set forth in a Participant’s employment or consulting agreement with the
Company (if any), or if not defined therein, shall mean (i) acts or omissions by the Participant which constitute intentional material misconduct or a knowing violation of a material policy of the Company or any of its subsidiaries,
(ii) the Participant personally receiving a benefit in money, property or services from the Company or any of its subsidiaries or from another person dealing with the Company or any of its subsidiaries, in material violation of applicable law
or Company policy, (iii) an act of fraud, conversion, misappropriation, or embezzlement by the Participant or his conviction of, or entering a guilty plea or plea of no contest with respect to, a felony, or the equivalent thereof (other than
DUI), or (iv) any deliberate and material misuse or improper disclosure of confidential or proprietary information of the Company. 
 2.7 “Change of Control” shall mean the occurrence of any of the following events: 
 (i) The direct
or indirect acquisition by an unrelated “Person” or “Group” of “Beneficial Ownership” (as such terms are defined below) of more than 50% of the voting power of the Company’s issued and outstanding voting securities
in a single transaction or a series of related transactions; 
  

 (ii) The direct or indirect sale or transfer by the Company of substantially all of its
assets to one or more unrelated Persons or Groups in a single transaction or a series of related transactions; 
 (iii) The
merger, consolidation or reorganization of the Company with or into another corporation or other entity in which the Beneficial Owners of more than 50% of the voting power of the Company’s issued and outstanding voting securities immediately
before such merger or consolidation do not own more than 50% of the voting power of the issued and outstanding voting securities of the surviving corporation or other entity immediately after such merger, consolidation or reorganization; or

 (iv) During any consecutive two-year period, individuals who at the beginning of such period constituted the Board of the
Company (together with any new Directors whose election to such Board or whose nomination for election by the stockholders of the Company was approved by a vote of a majority of the Directors of the Company then still in office who were either
Directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board of the Company then in office. 
 None of the foregoing events, however, shall constitute a Change of Control if such event is not a “Change in Control Event” under IRS Notice 2005-1 or
successor IRS guidance. For purposes of determining whether a Change of Control has occurred, the following Persons and Groups shall not be deemed to be “unrelated”: (A) such Person or Group directly or indirectly has Beneficial
Ownership of more than 50% of the issued and outstanding voting power of the Company’s voting securities immediately before the transaction in question, (B) the Company has Beneficial Ownership of more than 50% of the voting power of the
issued and outstanding voting securities of such Person or Group, or (C) more than 50% of the voting power of the issued and outstanding voting securities of such Person or Group are owned, directly or indirectly, by Beneficial Owners of more
than 50% of the issued and outstanding voting power of the Company’s voting securities immediately before the transaction in question. The terms “Person,” “Group,” “Beneficial Owner,” and “Beneficial
Ownership” shall have the meanings used in the Exchange Act. 
 2.8 “Code” shall mean the Internal Revenue Code of
1986, as amended from time to time, and any successor thereto. 
 2.9 “Committee” shall mean the Committee constituted under
Section 4.2 to administer this Plan. 
 2.10 “Company” has the meaning set forth in introductory paragraph of the Plan.

 2.11 “Consultant” means any person, including an advisor, who (i) is a natural person, (ii) provides bona fide
services to the Company or a Parent or Subsidiary, and (iii) provides services that are not in connection with the offer or sale of securities in a capital-raising transaction, and that do not directly or indirectly promote or maintain a market
for the securities of the Company; provided that the term ‘Consultant’ does not include (i) Employees or (ii) Directors who are paid only a director’s fee by the Company or who are not compensated by the Company for their
services as Directors. 
 2.12 “Continuous Status as an Employee, Director or Consultant” means that the employment,
director or consulting relationship is not interrupted or terminated by the Company, any Parent or Subsidiary, or by the Employee, Director or Consultant. Continuous Status as an Employee, Director or Consultant will not be considered interrupted in
the case of: (i) any leave of absence approved by the Board, including sick leave, military leave, or any other personal leave, provided, that for purposes of Incentive Stock Options, any such leave may not exceed 90 days, unless reemployment
upon the expiration of such leave is guaranteed by contract (including certain Company policies) or statute; (ii) transfers between locations of the Company or between the Company, its Parent, its Subsidiaries or its successor; or (iii) in
the case of an Award other than an Incentive Stock Option, the ceasing of a person to be an Employee while such person remains a Director or Consultant, the ceasing of a person to be a Director while such person remains an Employee or Consultant or
the ceasing of a person to be a Consultant while such person remains an Employee or Director. 
 2.13 “Covered Employee”
shall mean a “covered employee” within the meaning of Section 162(m)(3) of the Code, or any successor provision thereto. 
 2.14 “Director” shall mean a non-employee member of the Board or a non-employee member of the board of directors of a Parent or Subsidiary. 
 2.15 “Disability” shall mean total and permanent disability as defined in Section 22(e)(3) of the Code. 
 2.16 “Dividend Equivalents” shall have the meaning set forth in Section 12.5. 
 2.17
“Employee” shall mean any employee of the Company or any Parent or Subsidiary. 
 2.18 “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended. 
  

 2 

 2.19 “Fair Market Value” shall mean, with respect to any property other than Shares, the
market value of such property determined by such methods or procedures as shall be established from time to time by the Committee. The Fair Market Value of Shares as of any date shall be determined as follows: 
 (i) If the Shares are listed on any established stock exchange or a national market system, including without limitation, the National
Market System of NASDAQ, the Fair Market Value of a Share will be (i) the closing sales price for such Shares (or the closing bid, if no sales are reported) as quoted on that system or exchange (or the system or exchange with the greatest
volume of trading in Shares) on the last market trading day prior to the day of determination or (ii) any sales price for such Shares (or the closing bid, if no sales are reported) as quoted on that system or exchange (or the system or exchange
with the greatest volume of trading in Shares) on the day of determination, as the Committee may select, in each case as reported in the Wall Street Journal or any other source the Committee considers reliable. 
 (ii) If the Shares are quoted on the NASDAQ System (but not on the NASDAQ National Market System) or are regularly quoted by recognized
securities dealers but selling prices are not reported, the Fair Market Value of a Share will be the mean between the high bid and low asked prices for the Shares on (i) the last market trading day prior to the day of determination or
(ii) the day of determination, as the Committee may select, in each case as reported in the Wall Street Journal or any other source the Committee considers reliable. 
 (iii) If the Shares are not traded as set forth above, the Fair Market Value will be determined in good faith by the Committee with
reference to the earnings history, book value and prospects of the Company in light of market conditions generally, and any other factors the Committee considers appropriate, such determination by the Committee to be final, conclusive and binding.

 2.20 “Family Member” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Participant’s household (other than a tenant or employee), a trust in
which these persons (or the Participant) control the management of assets, and any other entity in which these persons (or the Participant) own more than 50 percent of the voting interests. 
 2.21 “Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of
the Code and the regulations promulgated thereunder. 
 2.22 “Individual Arrangements” means the Nonqualified Stock Option
Agreement dated as of January 11, 2003 by and between the Company and Stephen H. Capp, and the Nonqualified Stock Option Agreement dated as of April 10, 2002 by and between the Company and Daniel R. Lee. 
 2.23 “Limitations” shall have the meaning set forth in Section 3.2. 
 2.24 “Option” shall mean any right granted to a Participant under the Plan allowing such Participant to purchase Shares at such price or
prices and during such period or periods as the Committee shall determine. 
 2.25 “Other Stock Unit Award” shall have the
meaning set forth in Section 8.1. 
 2.26 “Parent” means a “parent corporation” with respect to the Company,
whether now or later existing, as defined in Section 424(e) of the Code. 
 2.27 “Participant” shall mean an Employee,
Director or Consultant who is selected by the Committee to receive an Award under the Plan. 
 2.28 “Payee” shall have the
meaning set forth in Section 13.1. 
 2.29 “Performance Award” shall mean any Award of Performance Shares or
Performance Units granted pursuant to Article 9. 
 2.30 “Performance Period” shall mean that period established by the
Committee at the time any Performance Award is granted or at any time thereafter during which any performance goals specified by the Committee with respect to such Award are to be measured. 
 2.31 “Performance Share” shall mean any grant pursuant to Article 9 of a unit valued by reference to a designated number of Shares,
which value may be paid to the Participant by delivery of such property as the Committee shall determine, including cash, Shares, other property, or any combination thereof, upon achievement of such performance goals during the Performance Period as
the Committee shall establish at the time of such grant or thereafter. 
 2.32 “Performance Unit” shall mean any grant
pursuant to Article 9 of a unit valued by reference to a designated amount of property (including cash) other than Shares, which value may be paid to the Participant by delivery of such property as the Committee 

  

 3 

 
shall determine, including cash, Shares, other property, or any combination thereof, upon achievement of such performance goals during the Performance Period
as the Committee shall establish at the time of such grant or thereafter. 
 2.33 “Prior Plans” shall mean, collectively,
the Company’s 1993, 1996, 2001 and 2002 Option Plans, as amended. 
 2.34 “Restricted Stock” shall mean any Share
issued with the restriction that the holder may not sell, transfer, pledge or assign such Share and with such other restrictions as the Committee, in its sole discretion, may impose (including any restriction on the right to vote such Share and the
right to receive any dividends), which restrictions may lapse separately or in combination at such time or times, in installments or otherwise, as the Committee may deem appropriate. 
 2.35 “Restricted Period” shall have the meaning set forth in Section 7.1. 
 2.36 “Restricted Stock Award” shall have the meaning set forth in Section 7.1. 
 2.37 “Shares” shall mean the shares of common stock of the Company, par value $0.10 per share. 
 2.38 “Stock Appreciation Right” shall mean the right granted to a Participant pursuant to Article 6. 
 2.39 “Subsidiary” shall mean any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company
if, at the time of the granting of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other
corporations in the chain. 
 2.40 “Substitute Awards” shall mean Awards granted or Shares issued by the Company in
assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, by a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines. 

ARTICLE III 
 SHARES SUBJECT TO THE PLAN

 3.1 Number of Shares.  
 (a) Subject to adjustment as provided in Section 12.2, a total of 4,750,000 Shares shall be authorized for grant under the Plan, plus any Shares subject to awards granted under the Prior Plans and Individual
Arrangements, which such awards are forfeited, expire or otherwise terminate without issuance of Shares, or are settled for cash or otherwise do not result in the issuance of Shares, on or after the effective date of this Plan. Any Shares that are
subject to Awards of Options or Stock Appreciation Rights shall be counted against this limit as one Share for every one Share granted. Any Shares that are subject to Awards other than Options or Stock Appreciation Rights (including, but not limited
to, Shares delivered in satisfaction of Dividend Equivalents) shall be counted against this limit as 1.4 Shares for every one Share granted. 
 (b) If any Shares subject to an Award or to an award under the Prior Plans or Individual Arrangements are forfeited, expire or otherwise terminate without issuance of such Shares, or any Award or award under the Prior
Plans or Individual Arrangements is settled for cash or otherwise does not result in the issuance of all or a portion of the Shares subject to such Award, the Shares shall, to the extent of such forfeiture, expiration, termination, cash settlement
or non-issuance, again be available for Awards under the Plan, subject to Section 3.1(e) below. 
 (c) In the event that
(i) any Option or other Award granted under this Plan or any option or award granted under the Prior Plans or Individual Arrangements is exercised through the tendering of Shares (either actually, by attestation, or by the giving of
instructions to a broker to remit to the Company that portion of the sales price required to pay the exercise price) or by the withholding of Shares by the Company, or (ii) withholding tax liabilities arising from such Options or Awards under
this Plan or options or awards under a Prior Plan or an Individual Arrangement are satisfied by the tendering of Shares (either actually, by attestation, or by the giving of instructions to a broker to remit to the Company that portion of the sales
price required to pay the exercise price) or by the withholding of Shares by the Company, then the Shares so tendered or withheld shall not again be available for Awards under the Plan. 
 (d) Substitute Awards shall not reduce the Shares authorized for issuance under the Plan or authorized for grant to a Participant in any
calendar year. Additionally, in the event that a company acquired by the Company or any Subsidiary, or with which the Company or any Subsidiary combines, has shares available under a pre-existing plan approved by shareholders and not adopted in
contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used
in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for
issuance under the Plan; provided that Awards using such available shares shall not be made after the date awards 

  

 4 

 
or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who
were employees, directors or consultants of such acquired or combined company before such acquisition or combination. 
 (e)
Any Shares that again become available for grant pursuant to this Article 3 shall be added back as one Share if such Shares were subject to Options or Stock Appreciation Rights granted under the Plan or options or stock appreciation rights granted
under the Prior Plans or Individual Arrangements, and as 1.4 Shares if such Shares were subject to Awards other than Options or Stock Appreciation Rights granted under the Plan. 
 3.2 Limitations on Grants to Individual Participant. Subject to adjustment as provided in Section 12.2, no Participant may be granted
(i) Options or Stock Appreciation Rights during any 12-month period with respect to more than 1,500,000 Shares, or (ii) Restricted Stock, Performance Awards and/or Other Stock Unit Awards that are denominated in Shares in any 12-month
period with respect to more than 750,000 Shares (the “Limitations”). In addition to the foregoing, the maximum dollar value payable to any Participant in any 12-month period with respect to Performance Awards and/or Other Stock Unit
Awards that are valued with reference to cash or property other than Shares is $2,500,000. If an Award is cancelled, the cancelled Award shall continue to be counted toward the applicable Limitations. 
 3.3 Character of Shares. Any Shares issued hereunder may consist, in whole or in part, of authorized and unissued shares, treasury shares or
shares purchased in the open market or otherwise. 
 ARTICLE IV 
 ELIGIBILITY AND ADMINISTRATION 
 4.1 Eligibility. Any Employee, Director or Consultant shall
be eligible to be selected as a Participant. Only Employees may receive awards of Incentive Stock Options. 
 4.2 Administration. 

 (a) The Plan shall be administered by the Committee, constituted as follows: 
 (i) The Committee will consist of the Board, or a committee designated by the Board, which Committee will be constituted to satisfy
Applicable Laws. Once appointed, a Committee will serve in its designated capacity until otherwise directed by the Board. The Board may increase the size of the Committee and appoint additional members, remove members (with or without cause) and
substitute new members, fill vacancies (however caused), and remove all members of the Committee and thereafter directly administer the Plan. Notwithstanding the foregoing, unless the Board expressly resolves to the contrary, while the Company is
registered pursuant to Section 12 of the Exchange Act, the Plan will be administered only by the Compensation Committee of the Board (or such other committee designated by the Compensation Committee of the Board), consisting of no fewer than
two Directors, each of whom is (A) a “non-employee director” within the meaning of Rule 16b-3 (or any successor rule) of the Exchange Act, (B) an “outside director” within the meaning of Section 162(m)(4)(C)(i) of
the Code, and (C) an “independent director” for purpose of the rules and regulations of the New York Stock Exchange or other exchange or quotation system on which the Shares are principally traded; provided, however, the failure of
the Committee to be composed solely of individuals who are “non-employee directors,” “outside directors,” and “independent directors” shall not render ineffective or void any awards or grants made by, or other actions
taken by, such Committee. 
 (ii) The Plan may be administered by different bodies with respect to Directors, officers who are
not Directors, and Employees and Consultants who are neither Directors nor officers, and Covered Employees. 
 (b) The
Committee shall have full discretion, power and authority, subject to the provisions of the Plan and subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Board, to:
(i) select the Employees, Consultants and Directors to whom Awards may from time to time be granted hereunder; (ii) determine the type or types of Awards, not inconsistent with the provisions of the Plan, to be granted to each Participant
hereunder; (iii) determine the number of Shares to be covered by each Award granted hereunder; (iv) determine the terms and conditions, not inconsistent with the provisions of the Plan, of any Award granted hereunder and the form and
content of any Award Agreement; (v) determine whether, to what extent and under what circumstances Awards may be settled in cash, Shares or other property, subject to the provisions of the Plan; (vi) determine whether, to what extent and
under what circumstances any Award shall be modified, amended, canceled or suspended; (vii) interpret and administer the Plan and any instrument or agreement entered into under or in connection with the Plan, including any Award Agreement;
(viii) correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent that the Committee shall deem desirable to carry it into effect; (ix) establish such rules and
regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; (x) determine whether any Award will have Dividend Equivalents; (xi) determine whether, to what extent, and under what
circumstances cash, Shares, or other property payable with respect to an Award shall be deferred either automatically or at the election of the Participant; provided that the Committee shall take no 

  

 5 

 
action that would subject the Participant to a penalty tax under Section 409A of the Code; and (xii) make any other determination and take any
other action that the Committee deems necessary or desirable for administration of the Plan. 
 (c) Decisions of the Committee
shall be final, conclusive and binding on all persons or entities, including the Company, any Participant, any stockholder and any Employee or any Affiliate. A majority of the members of the Committee may determine its actions and fix the time and
place of its meetings. 
 (d) The Committee may delegate to a committee of one or more Directors of the Company or, to the
extent permitted by Applicable Law, to one or more officers or a committee of officers, the authority to grant Awards to Employees and officers of the Company who are not Directors, Covered Employees, or “officers,” as such term is defined
by Rule 16a-1(f) of the Exchange Act, and to cancel or suspend Awards to Employees and officers of the Company who are not Directors, Covered Employees, or “officers,” as such term is defined by Rule 16a-1(f) of the Exchange Act.

 ARTICLE V 
 OPTIONS

 5.1 Grant of Options. Options may be granted hereunder to Participants either alone or in addition to other Awards granted
under the Plan. Any Option shall be subject to the terms and conditions of this Article 5 and to such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall deem desirable. 
 5.2 Award Agreements. All Options granted pursuant to this Article 5 shall be evidenced by a written Award Agreement in such form and containing
such terms and conditions as the Committee shall determine which are not inconsistent with the provisions of the Plan. Granting of an Option pursuant to the Plan shall impose no obligation on the recipient to exercise such Option. Any individual who
is granted an Option pursuant to this Article 5 may hold more than one Option granted pursuant to the Plan at the same time. 
 5.3 Option
Price. Other than in connection with Substitute Awards, the option price per each Share purchasable under any Option granted pursuant to this Article 5 shall not be less than 100% of the Fair Market Value of such Share on the date of grant of
such Option. Other than pursuant to Section 12.2, the Committee shall not be permitted to (a) lower the option price per Share of an Option after it is granted, (b) cancel an Option when the option price per Share exceeds the Fair
Market Value of the underlying Shares in exchange for another Award (other than in connection with Substitute Awards), and (c) take any other action with respect to an Option that may be treated as a repricing under the rules and regulations of
the New York Stock Exchange or other exchange or quotation system on which the Shares are principally traded. 
 5.4 Option Period.
The term of each Option shall be fixed by the Committee in its sole discretion; provided that no Option shall be exercisable after the expiration of ten years from the date the Option is granted. 
 5.5 Exercise of Options. Vested Options granted under the Plan shall be exercised by the Participant or by a Permitted Assignee thereof (or by the
Participant’s executors, administrators, guardian, beneficiary, or legal representative, or Family Members, as may be provided in an Award Agreement) as to all or part of the Shares covered thereby, by the giving of written notice of exercise
to the Company or its designated agent, specifying the number of Shares to be purchased, accompanied by payment of the full purchase price for the Shares being purchased. Unless otherwise provided in an Award Agreement, full payment of such purchase
price shall be made at the time of exercise and shall be made (a) in cash or by certified check or bank check or wire transfer of immediately available funds, (b) with the consent of the Committee, by tendering previously acquired Shares
(either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or such other period to avoid accounting charges against the Company’s earnings), (c) with the consent of
the Committee, by delivery of other consideration (including, where permitted by law and the Committee, other Awards) having a Fair Market Value on the exercise date equal to the total purchase price, (d) with the consent of the Committee, by
withholding Shares otherwise issuable in connection with the exercise of the Option, (e) with the consent of the Committee, by delivery of a properly executed exercise notice together with any other documentation as the Committee and the
Participant’s broker, if applicable, require to effect an exercise of the Option and delivery to the Company of the sale or other proceeds (as permitted by Applicable Law) required to pay the exercise price, , (f) through any other method
specified in an Award Agreement, or (g) any combination of any of the foregoing. In connection with a tender of previously acquired Shares pursuant to clause (b) above, the Committee, in its sole discretion, may permit the Participant to
constructively exchange Shares already owned by the Participant in lieu of actually tendering such Shares to the Company, provided that adequate documentation concerning the ownership of the Shares to be constructively tendered is furnished in form
satisfactory to the Committee. The notice of exercise, accompanied by such payment, shall be delivered to the Company at its principal business office or such other office as the Committee may from time to time direct, and shall be in such form,
containing such further provisions consistent with the provisions of the Plan, as the Committee may from time to time prescribe. In no event may any Option granted hereunder be exercised for a fraction of a Share. No adjustment shall be made for
cash dividends or other rights for which the record date is prior to the date of such issuance. 
 5.6 Form of Settlement. In its sole
discretion, the Committee may provide, at the time of grant, that the Shares to be issued upon an Option’s exercise shall be in the form of Restricted Stock or other similar securities, or may reserve the right so to provide after the time of
grant. 
  

 6 

 5.7 Incentive Stock Options. With respect to the Options that may be granted by the Committee
under the Plan, the Committee may grant Options intended to qualify as Incentive Stock Options to any Employee of the Company or any Parent or Subsidiary, subject to the requirements of Section 422 of the Code. The Award Agreement of an Option
intended to qualify as an Incentive Stock Option shall designate the Option as an Incentive Stock Option Notwithstanding anything in Section 3.1 to the contrary and solely for the purposes of determining whether Shares are available for the
grant of Incentive Stock Options under the Plan, the maximum aggregate number of Shares with respect to which Incentive Stock Options may be granted under the Plan shall be 4,750,000 Shares. Notwithstanding the provisions of Section 5.3, in the
case of an Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent of the voting power of all classes of capital stock of the Company or any Parent or
Subsidiary, the per Share exercise price will be no less than 110% of the Fair Market Value per Share on the date of grant. Notwithstanding the provisions of Section 5.4, in the case of an Incentive Stock Option granted to an Employee who, at
the time the Incentive Stock Option is granted, owns stock representing more than ten percent of the voting power of all classes of capital stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five years
from the date of grant or any shorter term specified in the Award Agreement. Notwithstanding the foregoing, if the Shares subject to an Employee’s Incentive Stock Options (granted under all plans of the Company or any Parent or Subsidiary),
which become exercisable for the first time during any calendar year, have a Fair Market Value in excess of $100,000, the Options accounting for this excess will be not be treated as Incentive Stock Options. For purposes of the preceding sentence,
Incentive Stock Options will be taken into account in the order in which they were granted, and the Fair Market Value of the Shares will be determined as of the time of grant. 
 5.8 Termination of Employment or Consulting Relationship or Directorship. If a Participant holds exercisable Options on the date his or her
Continuous Status as an Employee, Director or Consultant terminates (other than because of termination due to Cause, death or Disability), the Participant may exercise the Options that were vested and exercisable as of the date of termination until
the end of the original term or for a period of 90 days following such termination, whichever is earlier (or such other period as is set forth in the Award Agreement or determined by the Committee). If the Participant is not entitled to exercise his
or her entire Option at the date of such termination, the Shares covered by the unexercisable portion of the Option will revert to the Plan, unless otherwise set forth in the Award Agreement or determined by the Committee. The Committee may
determine in its sole discretion that such unexercisable portion of the Option will become exercisable at such times and on such terms as the Committee may determine in its sole discretion. If the Participant does not exercise an Option within the
time specified above after termination, that Option will expire, and the Shares covered by it will revert to the Plan, except as otherwise determined by the Committee. 
 5.9 Disability of Participant. If a Participant holds Options on the date his or her Continuous Status as an Employee, Director or Consultant terminates because of Disability, the Participant may exercise the
Options that were vested or unvested as of the date of termination until the end of the original term or for a period of 36 months following such termination, whichever is earlier (or such other period as is set forth in the Award Agreement or
determined by the Committee). If the Participant does not exercise an Option within the time specified above after termination, that Option will expire, and the Shares covered by it will revert to the Plan, except as otherwise determined by the
Committee. 
 5.10 Death of Participant. If a Participant holds Options on the date his or her death, the Participant’s estate or
a person who acquired the right to exercise the Option by bequest or inheritance or under Section 12.3 may exercise the Options that were vested or unvested as of the date of death until the end of the original term or for a period of 36 months
following the date of death, whichever is earlier (or such other period as is set forth in the Award Agreement or determined by the Committee). If the Participant’s estate or a person who acquired the right to exercise the Option by bequest or
inheritance or under Section 12.3 does not exercise an Option within the time specified above after termination, that Option will expire, and the Shares covered by it will revert to the Plan, except as otherwise determined by the Committee.

 ARTICLE VI 
 STOCK
APPRECIATION RIGHTS 
 6.1 Grant and Exercise. The Committee may provide Stock Appreciation Rights either alone or in addition to
other Awards upon such terms and conditions as the Committee may establish in its sole discretion. 
 6.2 Terms and Conditions. Stock
Appreciation Rights shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, including the following: 
 (a) Upon the exercise of a Stock Appreciation Right, the holder shall have the right to receive the excess of (i) the Fair Market
Value of one Share on the date of exercise or such other amount as the Committee shall so determine at any time during a specified period before the date of exercise over (ii) the grant price of the right on the date of grant, which, except in
the case of Substitute Awards or in connection with an adjustment provided in Section 12.2, shall not be less than the Fair Market Value of one Share on such date of grant of the right. 
 (b) Upon the exercise of a Stock Appreciation Right, payment shall be made in whole Shares, or cash to the extent permissible without
penalty to the Participant under Section 409A of the Code. 
  

 7 

 (c) The provisions of Stock Appreciation Rights need not be the same with respect to each
recipient. 
 (d) The Committee may impose such other conditions or restrictions on the terms of exercise and the exercise
price of any Stock Appreciation Right, as it shall deem appropriate. In connection with the foregoing, the Committee shall consider the applicability and effect of Section 162(m) of the Code. Notwithstanding the foregoing provisions of this
Section 6.2, but subject to Section 12.2, a Stock Appreciation Right shall not have (i) an exercise price less than Fair Market Value on the date of grant, or (ii) a term of greater than ten years. In addition to the foregoing,
but subject to Section 12.2, the base amount of any Stock Appreciation Right shall not be reduced after the date of grant. The Committee shall take no action under this Article 6 that would subject a Participant to a penalty tax under
Section 409A of the Code. 
 6.3 Termination of Employment or Consulting Relationship or Directorship. If a Participant holds
exercisable Stock Appreciation Rights on the date his or her Continuous Status as an Employee, Director or Consultant terminates (other than because of termination due to Cause, death or Disability), the Participant may exercise the Stock
Appreciation Rights that were vested and exercisable as of the date of termination until the end of the original term or for a period of 90 days following such termination, whichever is earlier (or such other period as is set forth in the Award
Agreement or determined by the Committee). If the Participant is not entitled to exercise his or her entire Stock Appreciation Right at the date of such termination, the Shares covered by the unexercisable portion of the Stock Appreciation Right
will revert to the Plan, unless otherwise set forth in the Award Agreement or determined by the Committee. The Committee may determine in its sole discretion that such unexercisable portion of the Stock Appreciation Right will become exercisable at
such times and on such terms as the Committee may determine in its sole discretion. If the Participant does not exercise a Stock Appreciation Right within the time specified above after termination, that Stock Appreciation Right will expire, and the
Shares covered by it will revert to the Plan, except as otherwise determined by the Committee. 
 6.4 Disability of Participant. If a
Participant holds Stock Appreciation Rights on the date his or her Continuous Status as an Employee, Director or Consultant terminates because of Disability, the Participant may exercise the Stock Appreciation Rights that were vested or unvested as
of the date of termination until the end of the original term or for a period of 36 months following such termination, whichever is earlier (or such other period as is set forth in the Award Agreement or determined by the Committee). If the
Participant does not exercise a Stock Appreciation Right within the time specified above after termination, that Stock Appreciation Right will expire, and the Shares covered by it will revert to the Plan, except as otherwise determined by the
Committee. 
 6.5 Death of Participant. If a Participant holds Stock Appreciation Rights on the date his or her death, the
Participant’s estate or a person who acquired the right to exercise the Stock Appreciation Rights by bequest or inheritance or under Section 12.3 may exercise the Stock Appreciation Rights that were vested or unvested as of the date of
death until the end of the original term or for a period of 36 months following the date of death, whichever is earlier (or such other period as is set forth in the Award Agreement or determined by the Committee). If the Participant’s estate or
a person who acquired the right to exercise the Stock Appreciation Right by bequest or inheritance or under Section 12.3 does not exercise the Stock Appreciation Right within the time specified above after termination, that Stock Appreciation
Right will expire, and the Shares covered by it will revert to the Plan, except as otherwise determined by the Committee. 
 ARTICLE VII

 RESTRICTED STOCK AWARDS 
 7.1 Grants. Awards of Restricted Stock may be issued hereunder to Participants either alone or in addition to other Awards granted under the Plan (a “Restricted Stock Award”). A Restricted Stock Award shall be
subject to restrictions imposed by the Committee covering a period of time specified by the Committee (the “Restriction Period”). The provisions of Restricted Stock Awards need not be the same with respect to each recipient. The
Committee has absolute discretion to determine whether any consideration (other than services) is to be received by the Company or any Affiliate as a condition precedent to the issuance of Restricted Stock. 
 7.2 Award Agreements. The terms of any Restricted Stock Award granted under the Plan shall be set forth in a written Award Agreement which shall
contain provisions determined by the Committee and not inconsistent with the Plan. 
 7.3 Rights of Holders of Restricted Stock.
Except as otherwise provided in the Award Agreement, beginning on the date of grant of the Restricted Stock Award and subject to execution of the Award Agreement, the Participant shall become a shareholder of the Company with respect to all Shares
subject to the Award Agreement and shall have all of the rights of a shareholder, including the right to vote such Shares and the right to receive distributions made with respect to such Shares; provided, however that any Shares or any other
property (other than cash) distributed as a dividend or otherwise with respect to any Restricted Shares as to which the restrictions have not yet lapsed shall be subject to the same restrictions as such Restricted Shares. 
 ARTICLE VIII 
 OTHER STOCK UNIT AWARDS 

 8.1 Other Stock Unit Awards. Other Awards of Shares and other Awards that are valued in whole or in part by reference to, or are
otherwise based on, Shares or other property (“Other Stock Unit Awards”) may be granted hereunder to Participants, either alone or in addition to other Awards granted under the Plan, and such Other Stock Unit Awards shall also be
available as a form of payment 

  

 8 

 
in the settlement of other Awards granted under the Plan. Other Stock Unit Awards shall be paid in Shares or cash. Subject to the provisions of the Plan, the
Committee shall have sole and complete authority to determine the Employees, Consultants and Directors to whom and the time or times at which such Other Stock Unit Awards shall be made, the number of Shares to be granted pursuant to such Awards, and
all other conditions of the Awards. The provisions of Other Stock Unit Awards need not be the same with respect to each recipient. 
 8.2
Terms and Conditions. Shares (including securities convertible into Shares) subject to Awards granted under this Article 8 may be issued for no consideration or for such minimum consideration as may be required by Applicable Law. Shares
(including securities convertible into Shares) purchased pursuant to a purchase right awarded under this Article 8 shall be purchased for such consideration as the Committee shall determine in its sole discretion. 
 ARTICLE IX 
 PERFORMANCE AWARDS

 9.1 Terms of Performance Awards. Performance Awards may be issued hereunder to Participants, for no consideration or for such
minimum consideration as may be required by Applicable Law, either alone or in addition to other Awards granted under the Plan. The performance criteria to be achieved during any Performance Period and the length of the Performance Period shall be
determined by the Committee upon the grant of each Performance Award; provided, however, that a Performance Period shall not be shorter than six months nor longer than five years. Except as provided in Article 11 or as may be provided in an Award
Agreement, Performance Awards will be distributed only after the end of the relevant Performance Period. Performance Awards may be paid in cash, Shares, other property, or any combination thereof, in the sole discretion of the Committee at the time
of payment. The performance goals to be achieved for each Performance Period shall be conclusively determined by the Committee and may be based upon the criteria set forth in Section 10.2. The amount of the Award to be distributed shall be
conclusively determined by the Committee. Performance Awards may be paid in a lump sum or in installments following the close of the Performance Period. 
 ARTICLE X 
 CODE SECTION 162(m) PROVISIONS 
 10.1 Covered Employees. Notwithstanding any other provision of the Plan, if the Committee determines at the time Restricted Stock, a Performance
Award or an Other Stock Unit Award is granted to a Participant who is, or is likely to be, as of the end of the tax year in which the Company would claim a tax deduction in connection with such Award, a Covered Employee, then the Committee may
provide that this Article 10 is applicable to such Award. 
 10.2 Performance Criteria. If Restricted Stock, a Performance Award or an
Other Stock Unit Award is subject to this Article 10, then the lapsing of restrictions thereon and the distribution of cash, Shares or other property pursuant thereto, as applicable, shall be subject to the achievement of one or more objective
performance goals established by the Committee, which shall be based on the attainment of specified levels, or growth, of one or any combination of the following: net sales; pretax income before allocation of corporate overhead and bonus; earnings
per share; net income; division, group or corporate financial goals; return on stockholders’ equity; return on assets; attainment of strategic and operational initiatives; appreciation in and/or maintenance of the price of the Shares or any
other publicly-traded securities of the Company; market share; gross profits; earnings before taxes; earnings before interest and taxes; earnings before interest, taxes, depreciation and amortization (“EBITDA”); economic value-added
models; comparisons with various stock market indices; reductions in costs, and/or return on invested capital of the Company or any Affiliate, division or business unit of the Company for or within which the Participant is primarily employed. Such
performance goals also may be based solely by reference to the Company’s performance or the performance of an Affiliate, division or business unit of the Company, or based upon the relative performance of other companies or upon comparisons of
any of the indicators of performance relative to other companies. In setting performance goals, the committee may specify objective adjustments to any of the foregoing measures for items that it determines will not properly reflect the
Company’s financial performance for these purposes, such as the write-off of debt issuance costs, pre-opening and development costs, gain or loss from asset dispositions, asset or other impairment charges, litigation settlement costs, and other
non-routine items that the Committee foresees may occur during the Performance Period. The Committee may also exclude the impact of an event or occurrence which the Committee determines should appropriately be excluded, including
(a) restructurings, discontinued operations and charges for extraordinary items, (b) an event either not directly related to the operations of the Company or not within the reasonable control of the Company’s management, or (c) a
change in accounting standards required by generally accepted accounting principles. Such performance goals shall be set by the Committee within the time period prescribed by, and shall otherwise comply with the requirements of, Section 162(m)
of the Code, or any successor provision thereto, and the regulations thereunder. 
 10.3 Adjustments. Notwithstanding any provision of
the Plan (other than Article 11), with respect to any Restricted Stock, Performance Award or Other Stock Unit Award that is subject to this Article 10, the Committee may adjust downward, but not upward, the amount payable pursuant to such Award, and
the Committee may not waive the achievement of the applicable performance goals, except in the case of the death or Disability of the Participant or the occurrence of a Change of Control. 
 10.4 Determination of Performance. Prior to the vesting, payment, settlement or lapsing of any restrictions with respect to any Restricted Stock,
Performance Award or Other Stock Unit Award that is subject to this Article 10, the Committee shall certify in 

  

 9 

 
writing that the applicable performance goals have been achieved to the extent necessary for such Award to qualify as “performance based
compensation” within the meaning of Section 162(m)(4)(C) of the Code. 
 10.5 Restrictions. The Committee shall have the
power to impose such other restrictions on Awards subject to this Article 10 as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements for “performance-based compensation” within the meaning of
Section 162(m)(4)(C) of the Code, or which are not inconsistent with such requirements. 
 ARTICLE XI 
 CHANGE OF CONTROL PROVISIONS 
 11.1
Impact of Change of Control. The terms of any Award may provide in the Award Agreement evidencing the Award, or the Committee may determine in its discretion, that, upon a Change of Control of the Company, (a) Options and Stock
Appreciation Rights outstanding as of the date of the Change of Control immediately vest and become fully exercisable, (b) restrictions and deferral limitations on Restricted Stock lapse and the Restricted Stock become free of all restrictions
and limitations and become fully vested, (c) all Performance Awards shall be considered to be earned and payable (either in full or pro-rata based on the portion of Performance Period completed as of the date of the Change of Control), and any
deferral or other restriction shall lapse and such Performance Awards shall be immediately settled or distributed, (d) the restrictions and deferral limitations and other conditions applicable to any Other Stock Unit Awards or any other Awards
shall lapse, and such Other Stock Unit Awards or such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant, and (e) such other additional
benefits, changes or adjustments as the Committee deems appropriate and fair shall apply, subject in each case to any terms and conditions contained in the Award Agreement evidencing such Award. Notwithstanding any other provision of the Plan, the
Committee, in its discretion, may determine that, upon the occurrence of a Change of Control of the Company, (a) each Option and Stock Appreciation Right shall remain exercisable for only a limited period of time determined by the Committee
(provided that they remain exercisable for at least 30 days after notice of such action is given to the Participants), or (b) each Option and Stock Appreciation Right outstanding shall terminate within a specified number of days after notice to
the Participant, and such Participant shall receive, with respect to each Share subject to such Option or Stock Appreciation Right, an amount equal to the excess of the Fair Market Value of such Share immediately prior to the occurrence of such
Change of Control over the exercise price per share of such Option and/or Stock Appreciation Right; such amount to be payable in cash, in one or more kinds of stock or property (including the stock or property, if any, payable in the transaction) or
in a combination thereof, as the Committee, in its discretion, shall determine. Notwithstanding the foregoing and the provisions of Section 11.2, the Committee will take no action that would subject any Participant to a penalty tax under
Section 409A of the Code. 
 11.2 Assumption Upon Change of Control. Notwithstanding the foregoing, the terms of any Award
Agreement may also provide that, if in the event of a Change of Control the successor company assumes or substitutes for an Option, Stock Appreciation Right, Share of Restricted Stock or Other Stock Unit Award, then each outstanding Option, Stock
Appreciation Right, Share of Restricted Stock or Other Stock Unit Award shall not be accelerated as described in Sections 11.1(a), (b) and (d). For the purposes of this Section 11.2, an Option, Stock Appreciation Right, Share of Restricted
Stock or Other Stock Unit Award shall be considered assumed or substituted for if following the Change of Control the award confers the right to purchase or receive, for each Share subject to the Option, Stock Appreciation Right, Restricted Stock
Award or Other Stock Unit Award immediately prior to the Change of Control, the consideration (whether stock, cash or other securities or property) received in the transaction constituting a Change of Control by holders of Shares for each Share held
on the effective date of such transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such consideration received in the
transaction constituting a Change of Control is not solely common stock of the successor company, the Committee may, with the consent of the successor company, provide that the consideration to be received upon the exercise or vesting of an Option,
Stock Appreciation Right, Restricted Stock Award or Other Stock Unit Award, for each Share subject thereto, will be solely common stock of the successor company substantially equal in fair market value to the per share consideration received by
holders of Shares in the transaction constituting a Change of Control. The determination of such substantial equality of value of consideration shall be made by the Committee in its sole discretion and its determination shall be conclusive and
binding. Any assumption or substitution of an Incentive Stock Option will be made in a manner that will not be considered a “modification” under the provisions of Section 424(h)(3) of the Code. Notwithstanding the foregoing, on such
terms and conditions as may be set forth in an Award Agreement, in the event of a termination of a Participant’s employment in such successor company within a specified time period following such Change of Control, each Award held by such
Participant at the time of the Change of Control shall be accelerated as described in Sections 11.1(a), (b) and (d) above. 
 ARTICLE XII 
 GENERALLY APPLICABLE PROVISIONS 
 12.1 Amendment and Modification of the Plan. The Board may, from time to time, alter, amend, suspend or terminate the Plan as it shall deem advisable, subject to any requirement for stockholder approval imposed
by Applicable Law; provided that the Board may not amend the Plan in any manner that would result in noncompliance with Rule 16b-3 of the Exchange Act; and further provided that the Board may not, without the approval of the Company’s
stockholders, amend the Plan to (a) increase the number of Shares that may be the subject of Awards under the Plan (except for adjustments pursuant to Section 12.2), (b) expand the types of awards 

  

 10 

 
available under the Plan, (c) materially expand the class of persons eligible to participate in the Plan, (d) amend any provision of
Section 5.3, (e) increase the maximum permissible term of any Option specified by Section 5.4, or (f) amend any provision of Section 3.2. In addition, no amendments to, or termination of, the Plan (other than by reason of
the failure of stockholders to approve the Plan in the manner set forth in Section 13.12) shall in any way impair the rights of a Participant under any Award previously granted without such Participant’s consent. 
 12.2 Adjustments. In the event of any merger, reorganization, consolidation, recapitalization, dividend or distribution (whether in cash, shares
or other property), stock split, reverse stock split, spin-off or similar transaction or other change in corporate structure affecting the Shares or the value thereof, such adjustments and other substitutions shall be made to the Plan and to Awards
as the Committee, in its sole discretion, deems equitable or appropriate, including such adjustments in the aggregate number, class and kind of securities that may be delivered under the Plan and, in the aggregate or to any one Participant, in the
number, class, kind and option or exercise price of securities subject to outstanding Awards granted under the Plan (including, if the Committee deems appropriate, the substitution of similar options to purchase the shares of, or other awards
denominated in the shares of, another company) as the Committee may determine to be appropriate in its sole discretion; provided, however, that the number of Shares subject to any Award shall always be a whole number. Where an adjustment under this
Section 12.2 is made to an Incentive Stock Option, the adjustment will be made in a manner which will not be considered a “modification” under the provisions of subsection 424(h)(3) of the Code. 
 12.3 Transferability of Awards. Except as provided below, and except as otherwise authorized by the Committee in an Award Agreement, no Award, and
no Shares subject to Awards that have not been issued or as to which any applicable restriction, performance or deferral period has not lapsed, may be sold, assigned, transferred, pledged or otherwise encumbered, other than by will or the laws of
descent and distribution, and such Award may be exercised during the life of the Participant only by the Participant or the Participant’s guardian or legal representative. Notwithstanding the foregoing, to the extent that the Committee so
authorizes in the Award Agreement or otherwise, an Award other than an Incentive Stock Option may be assigned, in whole or in part, during the Participant’s lifetime to one or more Family Members of the Participant. Rights under the assigned
portion may be exercised by the Family Member(s) who acquire a proprietary interest in such Award pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for the Award immediately before such
assignment and shall be set forth in such documents issued to the assignee as the Committee deems appropriate. 
 (a)
Designation of Beneficiary. A Participant may file a written designation of a beneficiary who is to receive any Awards that remain unexercised in the event of the Participant’s death. If a Participant is married and the designated
beneficiary is not the spouse, spousal consent will be required for the designation to be effective. The Participant may change such designation of beneficiary at any time by written notice to the Committee, subject to the above spousal consent
requirement. 
 (b) Effect of No Designation. If a Participant dies and there is no beneficiary validly designated and
living at the time of the Participant’s death, the Company will deliver such Participant’s Awards to the executor or administrator of his or her estate, or if no such executor or administrator has been appointed (to the knowledge of the
Company), the Company, in its discretion, may deliver such Awards to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the
Company may designate. 
 (c) Death of Spouse or Dissolution of Marriage. If a Participant designates his or her spouse
as beneficiary, that designation will be deemed automatically revoked if the Participant’s marriage is later dissolved. Similarly, any designation of a beneficiary will be deemed automatically revoked upon the death of the beneficiary if the
beneficiary predeceases the Participant. Without limiting the generality of the preceding sentence, the interest in Awards of a spouse of a Participant who has predeceased the Participant or whose marriage has been dissolved will automatically pass
to the Participant, and will not be transferable by such spouse in any manner, including but not limited to such spouse’s will, nor will any such interest pass under the laws of intestate succession. 
 12.4 Termination of Employment. The Committee shall determine and set forth in each Award Agreement whether any Awards granted in such Award
Agreement will continue to be exercisable, and the terms of such exercise, on and after the date that a Participant ceases to be employed by or to provide services to the Company or any Affiliate (including as a Director), whether by reason of
death, disability, voluntary or involuntary termination of employment or services, or otherwise. The date of termination of a Participant’s employment or services will be determined by the Committee, which determination will be final.

 12.5 Dividend Equivalents. Subject to the provisions of the Plan and any Award Agreement, the recipient of an Award (including any
deferred Award) may, if so determined by the Committee, be entitled to receive, currently or on a deferred basis, cash, stock or other property dividends, or cash payments in amounts equivalent to stock or other property dividends on Shares
(“Dividend Equivalents”) with respect to the number of Shares covered by the Award, as determined by the Committee, in its sole discretion, and the Committee may provide that such amounts (if any) shall be deemed to have been
reinvested in additional Shares or otherwise reinvested. 
  

 11 

 ARTICLE XIII 
 MISCELLANEOUS 
 13.1 Tax Withholding. The Company shall have the right to make all payments or
distributions pursuant to the Plan to a Participant (or to the Participant’s executors, administrators, guardian, beneficiary, or legal representative, or Family Members) (any such person, a “Payee”) net of any applicable
Federal, State and local taxes required to be paid or withheld as a result of (a) the grant of any Award, (b) the exercise of an Option or Stock Appreciation Rights, (c) the delivery of Shares or cash, (d) the lapse of any
restrictions in connection with any Award, or (e) any other event occurring pursuant to the Plan. The Company or any Affiliate shall have the right to withhold from wages or other amounts otherwise payable to such Payee such withholding taxes
as may be required by law, or to otherwise require the Payee to pay such withholding taxes. If the Payee shall fail to make such tax payments as are required, the Company or its Affiliates shall, to the extent permitted by law, have the right to
deduct any such taxes from any payment of any kind otherwise due to such Payee or to take such other action as may be necessary to satisfy such withholding obligations. The Committee shall be authorized to establish procedures for election by
Participants to satisfy such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or
such other period to avoid accounting charges against the Company’s earnings), or by directing the Company to retain Shares (up to the employee’s minimum required tax withholding rate) otherwise deliverable in connection with the Award. If
Shares acquired upon exercise of any Incentive Stock Option are disposed of in a disposition that, under Section 422 of the Code, disqualifies the holder from the application of Section 421(a) of the Code, the holder of the Shares
immediately before the disposition will comply with any requirements imposed by the Company in order to enable the Company to secure the related income tax deduction to which it is entitled in such event. 
 13.2 Right of Discharge Reserved; Claims to Awards. Nothing in the Plan nor the grant of an Award hereunder shall confer upon any Employee,
Consultant or Director the right to continue in the employment or service of the Company or any Affiliate or affect any right that the Company or any Affiliate may have to terminate the employment or service of (or to demote or to exclude from
future Awards under the Plan) any such Employee, Consultant or Director at any time for any reason. The Company shall not be liable for the loss of existing or potential profit from an Award granted in the event of termination of an employment or
other relationship. No Employee or Participant shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Employees or Participants under the Plan. 
 13.3 Prospective Recipient. The prospective recipient of any Award under the Plan shall not, with respect to such Award, be deemed to have become
a Participant, or to have any rights with respect to such Award, until and unless such recipient shall have executed an agreement or other instrument evidencing the Award and delivered a copy thereof to the Company, and otherwise complied with the
then applicable terms and conditions. 
 13.4 Cancellation of Award. Notwithstanding anything to the contrary contained herein, all
outstanding Awards granted to any Participant may be canceled in the discretion of the Committee if the Participant’s Continuous Status as an Employee, Director or Consultant is terminated for Cause, or if, after the termination of the
Participant’s Continuous Status as an Employee, Director, or Consultant, the Committee determines that Cause existed before such termination. 
 13.5 Stop Transfer Orders. All certificates for Shares delivered under the Plan pursuant to any Award shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the provisions of
this Plan, the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are then listed, and any applicable federal or state securities law, and the Committee may cause a legend or
legends to be put on any such certificates to make appropriate reference to such restrictions. 
 13.6 Nature of Payments. All Awards
made pursuant to the Plan are in consideration of services performed or to be performed for the Company or any Affiliate, division or business unit of the Company. Any income or gain realized pursuant to Awards under the Plan and any Stock
Appreciation Rights constitute a special incentive payment to the Participant and shall not be taken into account, to the extent permissible under Applicable Law, as compensation for purposes of any of the employee benefit plans of the Company or
any Affiliate except as may be determined by the Committee or by the Board or board of directors of the applicable Affiliate. 
 13.7
Other Plans. Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to stockholder approval if such approval is required; and such arrangements may be either generally
applicable or applicable only in specific cases. 
 13.8 Severability. If any provision of the Plan shall be held unlawful or
otherwise invalid or unenforceable in whole or in part by a court of competent jurisdiction, such provision shall (a) be deemed limited to the extent that such court of competent jurisdiction deems it lawful, valid and/or enforceable and as so
limited shall remain in full force and effect, and (b) not affect any other provision of the Plan or part thereof, each of which shall remain in full force and effect. If the making of any payment or the provision of any other benefit required
under the Plan shall be held unlawful or otherwise invalid or unenforceable by a court of competent jurisdiction, such unlawfulness, invalidity or unenforceability shall not prevent any other payment or benefit from being made or provided under the
Plan, and if the making of any payment in full or the provision of any other benefit required under the Plan in full would be 

  

 12 

 
unlawful or otherwise invalid or unenforceable, then such unlawfulness, invalidity or unenforceability shall not prevent such payment or benefit from being
made or provided in part, to the extent that it would not be unlawful, invalid or unenforceable, and the maximum payment or benefit that would not be unlawful, invalid or unenforceable shall be made or provided under the Plan. 
 13.9 Construction. All references in the Plan to “Section,” “Sections,” or “Article” are
intended to refer to the Section, Sections or Article, as the case may be, of the Plan. As used in the Plan, the words “include” and “including,” and variations thereof, shall not be deemed to be terms of
limitation, but rather shall be deemed to be followed by the words “without limitation.” 
 13.10 Unfunded Status of the
Plan. The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such
Participant any rights that are greater than those of a general creditor of the Company. In its sole discretion, the Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver the
Shares or payments in lieu of or with respect to Awards hereunder; provided, however, that the existence of such trusts or other arrangements is consistent with the unfunded status of the Plan. 
 13.11 Governing Law. The Plan and all determinations made and actions taken thereunder, to the extent not otherwise governed by the Code or the
laws of the United States, shall be governed by the laws of the State of Delaware and construed accordingly. 
 13.12 Effective Date of
Plan; Termination of Plan. The Plan shall be effective on the date of its adoption by the Board, subject to the approval of the Plan, within 12 months thereafter, by affirmative votes representing a majority of the votes cast under Applicable
Laws at a duly constituted meeting of the stockholders of the Company. After the adoption of this Plan by the Board, Awards may be made, but all such Awards shall be subject to stockholder approval of this Plan in accordance with the first sentence
of this Section 13.12, and no Options or Stock Appreciation Rights may be exercised prior to such stockholder approval of the Plan. If the stockholders do not approve this Plan in the manner set forth in the first sentence of this
Section 13.12, this Plan, and all Awards granted hereunder, shall be null and void and of no effect. Awards may be granted under the Plan at any time and from time to time on or prior to the tenth anniversary of the effective date of the Plan
(unless the Board sooner suspends or terminates the Plan under Section 12.1), on which date the Plan will expire except as to Awards then outstanding under the Plan. Notwithstanding the foregoing, unless affirmative votes representing a
majority of the votes cast under Applicable Laws approve the continuation of Article 10 at the first duly constituted meeting of the stockholders of the Company that occurs in the fifth year following the later of i) the effective date of this Plan
or ii) the then most recent re-approval of the continuation of Article 10 of the Plan, no Awards other than Options or Stock Appreciation Rights shall be made to Covered Employees following the date of such meeting. Except as set forth in the third
sentence of this Section 13.12, outstanding Awards shall remain in effect until they have been exercised or terminated, or have expired. 
 13.13 Foreign Employees. Awards may be granted to Participants who are foreign nationals or employed outside the United States, or both, on such terms and conditions different from those applicable to Awards to Employees employed in
the United States as may, in the judgment of the Committee, be necessary or desirable in order to recognize differences in local law or tax policy. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize
the Company’s obligation with respect to tax equalization for Employees on assignments outside their home country. 
 13.14 Effect on
Prior Plans. On the approval of this Plan by the stockholders of the Company in the manner set forth in Section 13.12, the Prior Plans shall be cancelled and no further grants or awards shall be made under the Prior Plans. Grants and awards
made under the Prior Plans before the date of such cancellation, however, shall continue in effect in accordance with their terms. Grants and awards made under the Individual Arrangements shall likewise continue in effect in accordance with their
terms. 
 13.15 Other Company Compensation Plans. Shares available for Awards under the Plan may be used by the Company as a form of
payment of compensation under other Company compensation plans, whether or not existing on the date hereof. To the extent any Shares are used as such by the Company, such Shares will reduce the then number of Shares available under Article 3 of the
Plan for future Awards. 
 13.16 Captions. The captions in the Plan are for convenience of reference only, and are not intended to
narrow, limit or affect the substance or interpretation of the provisions contained herein. 
  

 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]