<SEC-DOCUMENT>0001558370-25-007952.txt : 20250516
<SEC-HEADER>0001558370-25-007952.hdr.sgml : 20250516
<ACCEPTANCE-DATETIME>20250516161647
ACCESSION NUMBER:		0001558370-25-007952
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20250515
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20250516
DATE AS OF CHANGE:		20250516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AXT INC
		CENTRAL INDEX KEY:			0001051627
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				943031310
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24085
		FILM NUMBER:		25959499

	BUSINESS ADDRESS:	
		STREET 1:		4281 TECHNOLOGY DR.
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538
		BUSINESS PHONE:		510.438.4734

	MAIL ADDRESS:	
		STREET 1:		4281 TECHNOLOGY DR.
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN XTAL TECHNOLOGY
		DATE OF NAME CHANGE:	19971217
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>axti-20250515x8k.htm
<DESCRIPTION>8-K
<TEXT>
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style="font-weight:bold;">Trading&#160;Symbol</b></p></td><td style="vertical-align:top;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">&#160;&#160;&#160;&#160;</b></p></td><td style="vertical-align:top;width:39.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Name&#160;of&#160;each&#160;exchange&#160;on&#160;which&#160;registered:</b></p></td></tr><tr><td style="vertical-align:top;width:31.22%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_5_15_2025_To_5_15_2025_JipLSQIK5keTWscGkLKUSQ" name="dei:Security12bTitle" id="Tc_cYMPZVoWFkmL3LsbHYLPLg_1_0">Common Stock, $0.001 par value</ix:nonNumeric></p></td><td style="vertical-align:top;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:26.43%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_5_15_2025_To_5_15_2025_JipLSQIK5keTWscGkLKUSQ" name="dei:TradingSymbol" id="Tc_Efw3lIcodEe0EYZwGkk3nQ_1_2">AXTI</ix:nonNumeric></p></td><td style="vertical-align:top;width:1.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:39.03%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_5_15_2025_To_5_15_2025_JipLSQIK5keTWscGkLKUSQ" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="Tc_Vte5yCgKAUyreRURDfjAsA_1_4">The NASDAQ Stock Market LLC</ix:nonNumeric></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="font-size:6pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:6pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="font-size:11pt;">Emerging growth company </span><ix:nonNumeric contextRef="Duration_5_15_2025_To_5_15_2025_JipLSQIK5keTWscGkLKUSQ" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="Narr_kU7jJhY7BUm9oJ4XpMXU2Q"><span style="font-family:'Segoe UI Symbol';font-size:11pt;">&#9744;</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="font-size:6pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to 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<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;margin-left:-10.0pt;margin-right:-10.0pt;max-width:100%;position:relative;width:calc(100% + 20.0pt);"><div style="padding-left:10pt;padding-right:10pt;position:relative;width:100%;"><a id="_Hlk135210201"></a><a id="_6642e3d2_e64a_49f1_9fe1_ba869641f937"></a><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">(e) As described in Item 5.07 below, on May 15, 2025, the stockholders of AXT, Inc. (the &#8220;Company&#8221;) approved the AXT, Inc. 2025 Equity Incentive Plan (the &#8220;2025 Plan&#8221;). The 2025 Plan was approved by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on April 2, 2025, subject to stockholder approval.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The Company intends to use the 2025 Plan to continue its equity incentive program so that the Company may successfully attract and retain highly skilled employees and executive officers in the future. The 2025 Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares, at-risk awards, and other stock or cash awards as determined by the administrator of the 2025 Plan. The vesting of equity awards can be based on continuous service, attainment of certain performance goals, or other criteria established by the administrator.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">A more detailed description of the 2025 Plan and related matters was set forth in the Company&#8217;s definitive proxy statement filed with the Securities and Exchange Commission on April 3, 2025 (the &#8220;Proxy Statement&#8221;), under the heading &#8220;Proposal No. 3: Approval of the AXT, Inc. 2025 Equity Incentive Plan&#8221; and is incorporated herein by reference. The foregoing description and the summary contained in Proxy Statement do not purport to be complete and are qualified in their entirety by reference to the full text of the 2025 Plan, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;margin:0pt;"><span style="font-size:10pt;font-weight:normal;letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Item 5.07.  Submission of Matters to a Vote of Security Holders</b>.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:12pt 0pt 0pt 0pt;"><span style="white-space:pre-wrap;">The Company held its Annual Meeting of Stockholders (&#8220;Annual Meeting&#8221;) on May 15, 2025.  As of the record date of March 21, 2025, 45,597,995 shares of the Company&#8217;s Common Stock were outstanding and entitled to vote. Of this amount, 31,686,493 shares, representing approximately 69% of the total number of shares of Common Stock entitled to vote, were represented in person or by proxy, constituting a quorum. The matters voted upon at the Annual Meeting and the results of such voting are set forth below:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:12pt 0pt 0pt 0pt;">Proposal 1: Election of one (1) Class III director to hold office for a three-year term and until her successor is elected and qualified:</p><div style="padding-left:0.9pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:89.7%;"><tr style="height:1pt;"><td style="vertical-align:top;width:24.8%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:16.53%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:13.17%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:14.47%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:11.37%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:19.63%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:24.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Name of Director</p></td><td style="vertical-align:top;width:16.53%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">For</p></td><td style="vertical-align:top;width:13.17%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">%</p></td><td style="vertical-align:top;width:14.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Withheld</p></td><td style="vertical-align:top;width:11.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">%</p></td><td style="vertical-align:top;width:19.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Broker Non-Votes</p></td></tr><tr style="height:13.9pt;"><td style="vertical-align:top;width:24.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Dutch Roman 12pt';font-size:11pt;font-weight:bold;margin:0pt;"><span style="font-weight:normal;">Christine Russel</span></p></td><td style="vertical-align:top;width:16.53%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">14,621,153</p></td><td style="vertical-align:top;width:13.17%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">94.9%</p></td><td style="vertical-align:top;width:14.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">779,476</p></td><td style="vertical-align:top;width:11.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">5.1%</p></td><td style="vertical-align:top;width:19.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">16,285,864</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:12pt 0pt 0pt 0pt;">Christine Russell was duly elected by the stockholders as the Class III director to hold office for a three-year term and until her successor is elected and qualified.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:12pt 0pt 0pt 0pt;">Proposal 2: Advisory vote on executive compensation:</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:89.01%;"><tr style="height:1pt;"><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">For</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Against</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Abstain</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Broker Non-Votes</p></td></tr><tr><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">13,609,497</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">541,575</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">1,249,557</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">16,285,864</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:12pt 0pt 0pt 0pt;">The compensation of the Company&#8217;s named executive officers, as disclosed in the <span style="background:#ffffff;">Proxy Statement</span>, was approved by the stockholders on an advisory basis.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Proposal 3: Approval of the 2025 Equity Incentive Plan:</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:89.01%;"><tr style="height:1pt;"><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:25%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">For</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Against</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Abstain</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Broker Non-Votes</p></td></tr><tr><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">14,834,626</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">449,191</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">116,812</p></td><td style="vertical-align:top;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">16,285,864</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The 2025 Equity Inventive Plan was approved by the shareholders.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Proposal 4: Ratification of the appointment of BPM LLP (&#8220;BPM&#8221;) as the Company&#8217;s independent registered public accounting firm for the fiscal year ending December 31, 2025:</p><div style="padding-left:0.9pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:66.76%;"><tr style="height:1pt;"><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">For</p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Against</p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Abstain</p></td></tr><tr><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">30,939,751</p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">455,982</p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">290,760</p></td></tr></table></div></div></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;margin-left:-10.0pt;margin-right:-10.0pt;max-width:100%;position:relative;width:calc(100% + 20.0pt);"><div style="padding-left:10pt;padding-right:10pt;position:relative;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:7.94pt 0pt 0pt 0pt;">The appointment of BPM as the Company&#8217;s independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified by the stockholders.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 9.01</b></p></td><td style="vertical-align:top;width:91.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Financial Statements and Exhibits.</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:6pt 0pt 0pt 0pt;">(d) Exhibits. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr><td style="vertical-align:middle;width:7.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">Exhibit</b><b style="font-weight:bold;"><br/></b><b style="font-weight:bold;">No.</b></p></td><td style="vertical-align:bottom;width:2.99%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;width:89.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Description</b></p></td></tr><tr><td style="vertical-align:middle;width:7.02%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:bottom;width:2.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:bottom;width:89.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:7.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">10.1*</p></td><td style="vertical-align:bottom;width:2.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:89.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><a style="-sec-extract:exhibit;font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="axti-20250515xex10d1.htm"><span style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">2025 Equity Incentive Plan </span></a></p></td></tr><tr><td style="vertical-align:top;width:7.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">104</p></td><td style="vertical-align:bottom;width:2.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:89.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="background:#ffffff;">Cover Page Interactive Data File (formatted as inline XBRL)</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">* Management contract or compensatory plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></div></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;margin-left:-10.0pt;margin-right:-10.0pt;max-width:100%;position:relative;width:calc(100% + 20.0pt);"><div style="padding-left:10pt;padding-right:10pt;position:relative;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:37.05pt;margin:0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0.7pt;padding-right:0.7pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:19.64%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:47.41%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:29.89%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:3.03%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:19.64%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:47.41%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:32.93%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">AXT, INC.</b></p></td></tr><tr><td style="vertical-align:top;width:19.64%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;">  </span><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:47.41%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:12pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:32.93%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:19.64%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;">Date: May 16, 2025</span></p></td><td style="vertical-align:top;width:47.41%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 5pt 0pt 0pt;"><span style="letter-spacing:-0.1pt;">By:</span></p></td><td style="vertical-align:top;width:29.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;">/s/ Gary L. Fischer</span></p></td><td style="vertical-align:top;width:3.03%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td></tr><tr style="height:0pt;visibility:hidden;"><td colspan="4" style="padding:0pt;"/></tr><tr><td style="vertical-align:top;width:19.64%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:47.41%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="letter-spacing:-0.1pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:32.93%;margin:0pt;padding:0pt 0.69pt 0pt 0.69pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;">Gary L. Fischer</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="letter-spacing:-0.1pt;">Chief Financial Officer and Corporate Secretary</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:12pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:36pt;text-indent:-36pt;margin:0pt;"><span style="font-size:12pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:12pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:0pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></div></div></div>
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>axti-20250515xex10d1.htm
<DESCRIPTION>EX-10.1
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<!--Enhanced HTML document created with Toppan Merrill Bridge  10.10.0.134--><!--Created on: 5/16/2025 08:14:37 PM (UTC)--><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 0pt 10pt 0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-weight:bold;">EXHIBIT 10.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-weight:bold;">AXT, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 10pt 0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2025 EQUITY INCENTIVE PLAN</b></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">1.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Introduction</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Purposes of the Plan</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The purposes of this Plan are to (a) attract and retain the best available personnel for positions of substantial responsibility, (b) provide additional incentive to Employees, Directors and Consultants, (c) promote the success of the Company&#8217;s business, and (d) replace the AXT, Inc. 2015 Equity Incentive Plan (the &#8220;2015 Plan&#8221;). Notwithstanding anything herein to the contrary, the adoption of this Plan does not affect any awards granted under the 2015 Plan. All such awards continue to be governed by the terms and conditions of the 2015 Plan as if this Plan had not been adopted.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Effective Date</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Plan is effective as of April 2, 2025 (the &#8220;Effective Date&#8221;), subject to approval of the Plan by stockholders of the Company pursuant to Section 26 of this Plan. It is expressly intended that the Effective Date be the date as of which the Board approves the Plan. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Types of Awards</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units, At-Risk, Performance Shares and other stock or cash Awards as the Administrator may determine. All Awards granted before the date on which the stockholders approve the Plan pursuant to Section 26 shall be expressly subject to such stockholder approval. For the avoidance of doubt, no Award may be exercised or settled unless and until such stockholder approval is obtained. &#160;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">2.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Definitions</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">As used herein, the following definitions will apply:</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr189489H2lrtu0CCuxCB"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administrator</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the Board, or if a Committee has been duly appointed by the Board (or a duly authorized </font><a name="_9kMHG5YVt4666ACMHyxu2E0m"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">committee</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> thereof) to administer the Plan, then such Committee. References to the </font><a name="_9kMIH5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> shall be deemed to refer to the Committee if one has been appointed, or to the Board if no such delegation has occurred, all in accordance with Section 4 of the Plan. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Affiliate</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means (1) an entity, other than a Parent, that directly, or indirectly through one or more intermediary entities, controls the Company or (2) an entity, other than a Subsidiary, that is controlled by the Company directly, or indirectly through one or more intermediary entities. For this purpose, the term &#8220;control&#8221; (including the term &#8220;controlled by&#8221;) means the possession, direct or indirect, of the power to direct or </font><a name="_9kMHG5YVt46669GR3sBw"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">cause</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> the direction of the management and policies of the relevant entity, whether through the ownership of voting securities, by contract or otherwise; or as such term is otherwise defined for purposes of registration on Form S-8 under the Securities Act.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24447FOE0xrjccosTK2L"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Applicable Laws</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the legal and regulatory requirements relating to the administration of equity-based </font><a name="_9kMKJ5YVt46669IRNuqu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, including but not limited to U.S. federal and state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any non-U.S. country or jurisdiction where Awards are, or will be, granted under the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">At-Risk, Performance Share</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means an Award denominated in Shares which may be earned in whole or in part upon attainment of </font><a name="_9kMHG5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or other vesting criteria as the </font><a name="_9kMJI5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may determine pursuant to Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">10</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24447GPLsos"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Award</u><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units, At-Risk, Performance Shares and other stock or cash awards as the </font><a name="_9kMKJ5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may determine.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="display:none;line-height:0pt;margin:0pt 0pt 10pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:24pt 0pt 0pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(f)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Award Agreement</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(g)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Board </u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">means the Board of Directors of the Company.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24447EP1q9u"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(h)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Cause</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means, except as provided in the applicable Award Agreement, (1) an unauthorized use or disclosure by Participant of the Company&#8217;s confidential information or trade secrets, (2) a material breach of any agreement between Participant and the Company, (3) a material failure to comply with the Company&#8217;s written policies or rules that has caused or is reasonably likely to cause injury to the Company, its successor, or its affiliates, or any of their business, (4) conviction of, or plea of &#8220;guilty&#8221; or &#8220;no contest&#8221; to, a felony under the laws of the United States or any state thereof, (5) willful misconduct that has caused or is reasonably likely to cause injury to the Company, its successor, or its affiliates, or any of their businesses, (6) embezzlement, (7) failure to cooperate with the Company in any investigation or formal proceeding if the Company has requested Participant&#8217;s reasonable cooperation, (8) violation of any applicable federal, state or foreign statutes or laws that govern or regulate employment, pharmaceutical drugs or securities, including but not limited to the laws enforced by the federal Equal Employment Opportunity Commission, Department of Labor, Food and Drug Administration, Securities and Exchange Commission and Department of Justice or (9) a continued failure to perform assigned duties after receiving written notification of such failure from the Company&#8217;s Chief Executive Officer or Board; provided that Participant must be provided with written notice of Participant&#8217;s termination for &#8220;Cause&#8221; and Participant must be provided with a thirty (30) day period following Participant&#8217;s receipt of such notice to cure the event(s) that trigger &#8220;Cause,&#8221; with the Company&#8217;s Chief Executive Officer or Board making the final determination whether Participant has cured any Cause. The determination as to whether a Participant is being terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant. This definition does not in any way limit the Company&#8217;s or any Parent&#8217;s or Subsidiary&#8217;s ability to terminate a Participant&#8217;s employment or services at any time. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24448BL8dkrjmwRN5BGC7"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(i)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Change in Control</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the occurrence of any of the following events:</font><a name="_Hlk193377255"></a></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur017"></a><a name="_Ref181526543"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">A change in the ownership of the Company</font><i style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-style:italic;"> </i><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">which occurs on the date that any one person, or more than one person acting as a group (&#8220;</font><a name="_9kR3WTr17849FbIr640"></a><a name="_9kR3WTr24449GcIr640"></a><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Person</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">&#8221;), acquires ownership of the stock of the Company that, together with the stock held by such </font><a name="_9kMHG5YVt39A6BHdKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, constitutes more than fifty percent (50%)&#160;of the total voting power of the stock of the Company; provided, however, that for purposes of this subsection, the acquisition of additional stock by any one </font><a name="_9kMIH5YVt39A6BHdKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, who is considered to own more than fifty percent (50%)&#160;of the total voting power of the stock of the Company will not be considered a Change in Control; provided, however, that for purposes of this subsection </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, (i) the acquisition of beneficial ownership of additional stock by any one </font><a name="_9kMJI5YVt39A6BHdKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> who is considered to beneficially own more than fifty percent (50%) of the total voting power of the stock of the Company will not be considered a Change in Control; and (ii) if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in ownership, in substantially the same proportions as their ownership of shares of the Company&#8217;s voting stock immediately prior to the change in ownership, direct or indirect beneficial ownership of fifty percent (50%) or more of the total voting power of the stock of the Company or of the ultimate parent entity of the Company, such event will not be considered a Change in Control under this subsection </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. For this purpose, indirect beneficial ownership will include, without limitation, an interest resulting from ownership of the voting securities of one or more corporations or other business entities which own the Company, as the case may be, either directly or through one or more subsidiary corporations or other business entities; &#160;</font><a name="_Ref181526595"></a></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur019"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12)&#160;month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this subsection </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, if any </font><a name="_9kMKJ5YVt39A6BHdKt862"></a></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">2</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 54pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';"> is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same </font><font style="font-size:10pt;"><a name="_9kMLK5YVt39A6BHdKt862"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';"> will not be considered a Change in Control; or</font><font style="font-size:10pt;"><a name="_Ref181526630"></a></font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur01B"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">A change in the ownership of a substantial portion of the Company&#8217;s assets which occurs on the date that any </font><a name="_9kMML5YVt39A6BHdKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> acquires (or has acquired during the twelve (12)&#160;month period ending on the date of the most recent acquisition by such person or persons)&#160;assets from the Company that have a total gross fair market value equal to or more than fifty percent (50%)&#160;of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this subsection </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, the following will not constitute a change in the ownership of a substantial portion of the Company&#8217;s assets: (i)&#160;a transfer to an entity that is controlled by the Company&#8217;s stockholders immediately after the transfer, or (ii)&#160;a transfer of assets by the Company to: (A)&#160;a stockholder of the Company (immediately before the asset transfer)&#160;in exchange for or with respect to the Company&#8217;s stock, (B)&#160;an entity, fifty percent (50%)&#160;or more of the total value or voting power of which is owned, directly or indirectly, by the Company, </font><a name="_9kR3WTrAG847DEsmnoIYrRQzEC8E9r4JNNKB2HE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(C)&#160;a </font><a name="_9kMNM5YVt39A6BHdKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, that owns, directly or indirectly, fifty percent (50%)&#160;or more of the total value or voting power of all the outstanding stock of the Company, or</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> (D)&#160;an entity, at least fifty percent (50%)&#160;of the total value or voting power of which is owned, directly or indirectly, by a </font><a name="_9kMON5YVt39A6BHdKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> described in this </font><a name="_9kMHG5YVtCIA69FGuopqKatTS1GEAGBt6LPPMD4"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">subsection (3)(ii)(C)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. For purposes of this subsection </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">For purposes of this definition, </font><font style="font-size:10pt;"><a name="_9kMHG5YVt4666BIeKt862"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Persons</font><font style="font-family:'Arial','Helvetica','sans-serif';"> will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (1)&#160;its sole purpose is to change the state of the Company&#8217;s incorporation, or (2)&#160;its sole purpose is to create a holding </font><font style="font-size:10pt;"><a name="_9kMHG5YVt4666AFPHy0poD"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">company</font><font style="font-family:'Arial','Helvetica','sans-serif';"> that will be owned in substantially the same proportions by the </font><font style="font-size:10pt;"><a name="_9kMIH5YVt4666BIeKt862"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Persons</font><font style="font-family:'Arial','Helvetica','sans-serif';"> who held the Company&#8217;s securities immediately before such transaction. In all events, a Change in Control hereunder is intended to comply and be interpreted consistently with the definition of such in Treasury Regulation Section 1.409A-3(i)(5). &#160;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(j)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Code</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the U.S. Internal Revenue Code of 1986, as amended. Reference to a section of the Code or regulation thereunder will include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending supplementing or superseding such section or regulation. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24448AKFwvs0Cyk"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(k)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Committee</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a committee of Directors, or such other individuals as may be permitted by Applicable Laws, appointed by the Board (or a duly authorized committee of the Board) to administer the Plan, in accordance with Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">4</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the Plan. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24448CMFwvy0fg9tq"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(l)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Common Stock</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the common stock of the Company.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24448DNFwynmB"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(m)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Company</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means AXT, Inc., a Delaware corporation, or any successor thereto.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(n)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Consultant</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means any natural </font><a name="_9kMJI5YVt4666BIeKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, including an advisor, engaged by the Company or a Parent, Affiliate or Subsidiary to render bona fide services to such entity, provided the services: (1) are not in connection with the offer or sale of securities in a capital-raising transaction, and (2) do not directly promote or maintain a market for the Company&#8217;s securities, in each case, within the meaning of Form S-8 promulgated under the Securities Act, and provided, further, that a Consultant will include only those </font><a name="_9kMKJ5YVt4666BIeKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">persons</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> to whom the issuance of Shares may be registered under Form S-8 promulgated under the Securities Act.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(o)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Determination Date</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the latest date by which the </font><a name="_9kMLK5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may establish or modify </font><a name="_9kMIH5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> for an Award, as determined in its discretion; provided, however, that the </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">3</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Determination Date for any Award determined to be subject to Code Section 409A shall be no later than the latest date permitted thereunder. For purposes of clarification and not limitation, the Determination Date for any Award subject to Code Section 409A shall be no later than the last date as of which outcomes remain substantially uncertain.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(p)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Director</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a member of the Board.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(q)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Disability</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means total and permanent disability as defined in Section&#160;22(e)(3) of the Code, provided that in the case of Awards other than Incentive Stock Options, the </font><a name="_9kMML5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the </font><a name="_9kMNM5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> from time to time. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(r)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Dividend Equivalent</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a credit, payable in cash or Shares, made at the discretion of the </font><a name="_9kMON5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or as otherwise provided by the Plan, to the account of a Participant in an amount equal to the cash dividends paid on one Share for each Share represented by an Award held by such Participant. Dividend Equivalents may be subject to the same vesting restrictions as the related Shares subject to an Award, at the discretion of the </font><a name="_9kMPO5YVt3AB6ABJ4ntvw2EEwzED"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(s)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Employee</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means, except as otherwise provided herein, any individual who is classified as a common law employee on the payroll records of the Company, or of any Parent, Subsidiary, or Affiliate, as determined by the Administrator in its sole discretion and in accordance with Applicable Laws. Notwithstanding the foregoing, for purposes of a grant of Incentive Stock Options, only individuals who are employed by the Company or by a Parent, Subsidiary, or Affiliate that satisfies the requirements of Code Section 422 (concerning Incentive Stock Options) shall be eligible to receive Incentive Stock Options. A Director or Consultant shall not be considered an Employee unless such individual is also employed in a separate capacity as a common law employee. Service as a Director or the receipt of director&#8217;s fees alone shall not constitute employment for purposes of the Plan. In all events, an individual shall not be treated as an Employee for purposes of the Plan if classified as an independent contractor, consultant, or other non-employee by the applicable employer, regardless of any contrary classification by a governmental agency, court, or other third party. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(t)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Exchange Act</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the U.S. Securities Exchange Act of 1934, as amended.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(u)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Exchange Program</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a program under which (1) outstanding Awards are surrendered or cancelled in exchange for </font><a name="_9kMLK5YVt46669IRNuqu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the same type (which may have higher or lower exercise prices and different terms), </font><a name="_9kMML5YVt46669IRNuqu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of a different type, and/or cash, (2) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the </font><a name="_9kMHzG6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, and/or (3) the exercise price of an outstanding Award is increased or reduced. </font><a name="_9kMH0H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">The Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may not implement an Exchange Program. &#160;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(v)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fair Market Value</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means, as of any date, the value of Common Stock determined as follows:</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the NASDAQ Global Select Market, the NASDAQ Global Market or the </font><a name="_9kR3WTr26648Hcmswftw7r05yreO0Bz9"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">NASDAQ Capital Market</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of The NASDAQ Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the day of determination, as reported in </font><i style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-style:italic;">The Wall Street Journal</i><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or such other source as the </font><a name="_9kMH1I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> deems reliable;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">If the Common Stock is regularly quoted by a recognized securities dealer 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 Common Stock on the date of determination (or, if no bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as reported in </font><i style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-style:italic;">The Wall Street Journal</i><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or such other source as the </font><a name="_9kMH2J6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> deems reliable; or</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">4</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the </font><a name="_9kMH3K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(w)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fiscal Year</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the fiscal year of the Company.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(x)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Full Value Award</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means any Award granted with a per Share exercise price less than the Fair Market Value per Share on the date of grant of such Award. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(y)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Incentive Stock Option</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option within the meaning of Section&#160;422 of the Code.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr1AB48IYK1xjgHG1yk0DC"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(z)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Inside Director</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a Director who is an Employee.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr26648FaQxOI000E5mML63p5IH"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(aa)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Non-Employee Director</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a Director as defined in Rule 16b-3(b)(3)(i) promulgated by the Securities and Exchange Commission under the Exchange Act, or any successor definition adopted by the Securities and Exchange Commission and shall refer to a </font><a name="_9kMHG5YVt4886AHcSzQK222G7oON85r7KJ"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Non-Employee Director</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the Company or any Subsidiary of the Company who is not an employee of the Company or any Subsidiary.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(bb)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Nonstatutory Stock Option</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(cc)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Officer</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a </font><a name="_9kMLK5YVt4666BIeKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> who is an officer of the Company within the meaning of Section&#160;16 of the Exchange Act and the rules and regulations promulgated thereunder.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(dd)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Option</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a stock option granted pursuant to the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(ee)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Parent</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a &#8220;parent corporation,&#8221; whether now or hereafter existing, as defined in Section&#160;424(e) of the Code.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(ff)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Participant</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the holder of an outstanding Award.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr18949AWIrtr43npskPUvtC"></a><a name="_9kR3WTr24449BXIrtr43npskPUvtC"></a><a name="_9kR3WTr24449CYIrtr43npskPUvtC"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(gg)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Goals</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the targeted level or levels of achievement relating to one or more business criteria, as determined by the </font><a name="_9kMH4L6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, that must be attained for the granting and/or vesting of Awards of Restricted Stock, Restricted Stock Units, At-Risk, Performance Shares, Performance Units, or other incentives under the Plan. The specific business criteria, methods for measuring, and related procedures applicable to </font><a name="_9kMJI5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> are further described in Section 12 of this Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(hh)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Period</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the time period of any Fiscal Year of the Company or such other period as determined by the </font><a name="_9kMH5M6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> in its sole discretion.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(ii)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Unit</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means an Award which may be earned in whole or in part upon attainment of </font><a name="_9kMKJ5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or other vesting criteria as the </font><a name="_9kMH6N6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">10</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(jj)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Period of Restriction</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, continued service, the achievement of target levels of performance, the achievement of </font><a name="_9kMLK5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, or the occurrence of other events as determined by the </font><a name="_9kMH7O6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24449HdPhk"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(kk)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Plan</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means this AXT, Inc. 2025 Equity Incentive Plan. </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">5</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kR3WTr24449IgKs88ykwzkZkDxu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(ll)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Restricted Stock</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means Shares issued pursuant to a Restricted Stock </font><a name="_9kMNM5YVt46669IRNuqu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Award</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> under Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">7</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the Plan, or issued pursuant to the early exercise of an Option.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">(mm)&#160;</font><u style="font-family:'Arial','Helvetica','sans-serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Restricted Stock Unit</u><font style="font-family:'Arial','Helvetica','sans-serif';">&#8221; means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';">8</font><font style="font-family:'Arial','Helvetica','sans-serif';">. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(nn)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Rule 16b-3</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(oo)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Section&#160;</u><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">16(b)</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means Section&#160;16(b) of the Exchange Act.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(pp)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Securities Act</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means the U.S. Securities Act of 1933, as amended.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(qq)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Service Provider</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means an Employee, Director or Consultant.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(rr)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Share</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a share of the Common Stock, as adjusted in accordance with Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">15</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(ss)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stock Appreciation Right</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means an Award, granted alone or in connection with an Option, that pursuant to Section&#160;9 is designated as a Stock Appreciation Right.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(tt)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Subsidiary</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> means a &#8220;subsidiary corporation&#8221;, whether now or hereafter exist&#173;ing, as defined in Section&#160;424(f) of the Code.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(uu)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Successor Corporation</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> has the meaning given to such term in Section 15(c) of the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">3.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stock Subject to the Plan</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref413066906"></a><a name="OLE_LINK3"></a><a name="OLE_LINK4"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stock Subject to the Plan</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Subject to adjustment as provided in Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">15</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the Plan, the total number of Shares authorized for issuance under this Plan shall be equal to:</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Any Shares that remain available for future grants under the 2015 Plan as of the date this Plan is approved by the Company&#8217;s stockholders pursuant to Section 26 of the Plan; and</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Any Shares subject to outstanding </font><a name="_9kMON5YVt46669IRNuqu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> granted under the </font><a name="_9kMJI5YVt39A69JKCCIhVnq"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">2015 Plan</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> that, on or after the date this Plan is approved by the Company&#8217;s stockholders pursuant to Section 26 of the Plan, expire, are forfeited, or otherwise terminate without having been exercised or settled in full (or are repurchased by the Company). </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">For purposes of clarification and not limitation, the total Shares available for issuance under the 2015 Plan (as referenced in subsection (a)(1) of this Section) as of December 31, 2024, is 3,733,401.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Full Value Awards</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Any Shares subject to Full Value Awards will be counted against the numerical limits of this Section 3 as one and one-half Shares for each Share subject thereto. </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Further, if Shares acquired pursuant to any Full Value Award are forfeited or repurchased by the Company and otherwise would return to the Plan pursuant to Section 3(c), one and one-half times the number of Shares so forfeited or repurchased will return to the Plan and will become available again for issuance. For purposes of clarity, if Shares subject to any </font><a name="_9kMPO5YVt46669IRNuqu"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> granted under the </font><a name="_9kMKJ5YVt39A69JKCCIhVnq"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">2015 Plan</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> with a per share exercise price less than the fair market value of the underlying share on the date of grant are forfeited to or repurchased by the Company and otherwise would return to the Plan as set forth in Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">3(a)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">such Shares will return to the Plan </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">and will become available again for issuance</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> at the same rate at which such Shares previously had reduced the Shares available for issuance under the </font><a name="_9kMLK5YVt39A69JKCCIhVnq"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">2015 Plan</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> (for example, a </font><a name="_9kMHG5YVt4666BKiMuAA0my1mbmFzw"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">restricted stock</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> </font><a name="_9kMHzG6ZWu5777AJSOvrv"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">award</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> that had reduced the </font><a name="_9kMML5YVt39A69JKCCIhVnq"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">2015 Plan&#8217;s</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> share reserve by two Shares for each one Share actually subject to the </font><a name="_9kMH0H6ZWu5777AJSOvrv"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">award</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> that is </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">6</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">forfeited to the Company, will increase the Shares available for issuance under the Plan by two&#160;Shares for each one Share actually forfeited)</font><font style="font-family:'Arial','Helvetica','sans-serif';">.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Lapsed Awards</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If an Award expires or becomes unexercisable without having been exercised in full, or, with respect to Restricted Stock, Restricted Stock Units, Performance Units or At-Risk, Performance Shares, is forfeited to or repurchased by the Company, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless the Plan has terminated). With respect to Stock Appreciation Rights, all the Shares covered by the Award (that is, Shares issued pursuant to a Stock Appreciation Right, as well as the Shares that represent payment of the exercise price) will cease to be available under the Plan. Shares that actually have been issued under the Plan under any Award will not be returned to the Plan and will not become available for future distribution under the Plan; provided, however, that if Shares issued pursuant to Awards of Restricted Stock, Restricted Stock Units, At-Risk, Performance Shares or Performance Units are repurchased by the Company or are forfeited to the Company, such Shares will become available for future grant under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will not become available for future grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the Plan. Notwithstanding the foregoing and, subject to adjustment as provided in Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">15</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section&#160;3(a), plus, to the extent allowable under Section 422 of the Code, any Shares that become available for issuance under the Plan pursuant to Section 3(c). </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Share Reserve</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. At all times during the term of this Plan the Company shall reserve and keep available a sufficient number of Shares to satisfy the requirements of the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur013"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">4.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administration of the Plan</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Procedure</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Multiple Administrative Bodies</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Different Committees with respect to different groups of Service Providers may administer the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Non-Employee Directors</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. To the extent an Award is intended to qualify for the exemption from Section 16(b) of the Exchange Act that is available under Rule 16b-3 of the Exchange Act, the Award will be granted by the Board or a Committee that consists solely of two or more </font><a name="_9kR3WTr26648GbQxOI000E5mML63p5IHM"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Non-Employee Directors</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, as determined under Rule 16b-3(b)(3) of the Exchange Act and thereafter any action establishing or modifying the terms of the Award will be approved by the Board or a Committee meeting such requirements to the extent necessary for such exemption to remain available.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Other Administration</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Other than as provided above, the Plan will be administered by (i) the Board, or (ii) a Committee, which </font><a name="_9kMIH5YVt4666ACMHyxu2E0m"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">committee</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will be constituted to satisfy Applicable Laws.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(4)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Delegation of Authority for Day-to-Day Administration</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Except to the extent prohibited by Applicable Law, the </font><a name="_9kMH8P6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may delegate to one or more individuals the day-to-day administration of the Plan and any of the functions assigned to it in this Plan. Such delegation may be revoked at any time. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Powers of the </u><a name="_9kMI0G6ZWu4BC7BCK5ouwx3FFx0FE"></a><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administrator</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the </font><a name="_9kMI1H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will have the authority, in its discretion:</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to determine the Fair Market Value;</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">7</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to select the Service Providers to whom Awards may be granted hereunder;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to determine the number of Shares to be covered by each Award granted hereunder;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(4)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to approve forms of Award Agreements for use under the Plan;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(5)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the </font><a name="_9kMI2I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will determine;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(6)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(7)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-</font><a name="_9kMHG5YVt4666BJfRjm"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">plans</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> established for the purpose of satisfying applicable foreign laws or for qualifying for favorable tax treatment under applicable foreign laws;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(8)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to modify or amend each Award (subject to Section&#160;20(c) of the Plan), including, but not limited to, the discretionary authority to extend the post-termination exercisability period of Awards and to extend the maximum term of an Option (subject to Section 6(c) of the Plan regarding Incentive Stock Options);</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(9)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to allow Participants to satisfy tax withholding obligations in such manner as prescribed in Section 16 of the Plan;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(10)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the </font><a name="_9kMI3J6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(11)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to determine whether Awards (other than Options and Stock Appreciation Rights) will be adjusted for Dividend Equivalents;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(12)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise would be due to such Participant under an Award pursuant to such procedures as the </font><a name="_9kMI4K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may determine;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(13)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by a Participant or other subsequent transfers by the Participant of any Shares issued as a result of or under an Award, including without limitation, (i)&#160;restrictions under an insider trading policy, and (ii)&#160;restrictions as to the use of a specified brokerage firm for such resales or other transfers; </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(14)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to require that Participant&#8217;s rights, payments and benefits with respect to an Award (including amounts received upon the settlement or exercise of an Award) will be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award, as may be specified in an Award Agreement at the time of the Award, or later if (i)&#160;Applicable Laws require the Company to adopt a policy requiring such reduction, cancellation, forfeiture or recoupment, or (ii)&#160;pursuant to an amendment of an outstanding Award; and</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(15)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">to make all other determinations it deems necessary or advisable for administering the Plan, where the </font><a name="_9kMI5L6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> shall have full discretionary and final authority to make all such determinations.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">8</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Exchange Program</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMI6M6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may not institute an Exchange Program. &#160;</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Effect of </u><a name="_9kMI7N6ZWu4BC7BCK5ouwx3FFx0FE"></a><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administrator&#8217;s</u><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> Decision</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMI8O6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator&#8217;s</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards and will be given the maximum deference permitted by law.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Non-U.S. Award Recipients</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws and practices in other countries in which the Company, its Subsidiaries, and Affiliates operate or have Employees or other individuals eligible for Awards, the </font><a name="_9kMI9P6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will have the power and authority to: (1) determine which Subsidiaries and Affiliates will be covered by the Plan; (2) determine which individuals outside the United States are eligible to participate in the Plan, which may include individuals who provide services to the Company, Subsidiary or Affiliate under an agreement with a foreign nation or agency; (3) modify the terms and conditions of any Award granted to individuals outside the United States or foreign nationals to comply with applicable foreign laws, policies, customs, and practices; (4) establish subplans and modify exercise procedures, vesting conditions, and other terms and procedures to the extent the </font><a name="_9kMJ1G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines such actions to be necessary or advisable (and such subplans and/or modifications will be attached to this Plan as appendices, if necessary); and (5) take any action, before or after an Award is made, that the </font><a name="_9kMJ2H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines to be necessary or advisable to obtain approval or comply with any local governmental regulatory exemptions or approvals, provided, however, that no action taken under this Section will increase the Share limitations contained in Section 3(a) hereof. Notwithstanding the foregoing, the </font><a name="_9kMJ3I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may not take any actions hereunder, and no Awards will be granted, that would violate the Exchange Act or any other applicable United States securities law, the Code, or any other applicable United States governing statute or law</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">5.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Eligibility</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, At-Risk, Performance Shares, Performance Units and such other cash or stock </font><font style="font-size:12pt;"><a name="_9kMH1I6ZWu5777AJSOvrv"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Awards</font><font style="font-family:'Arial','Helvetica','sans-serif';"> as the </font><font style="font-size:12pt;"><a name="_9kMJ4J6ZWu4BC7BCK5ouwx3FFx0FE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> determines in its sole discretion may be granted to Service Providers. Incentive Stock Options may be granted only to Employees.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">6.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stock Options</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref413068806"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Limitations</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all </font><a name="_9kMIH5YVt4666BJfRjm"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">plans</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), the portion of the Options falling within such limit will be Incentive Stock Options and the excess Options will be treated as Nonstatutory Stock Options. For purposes of this Section&#160;6(a), Incentive Stock Options will be taken into account in the order in which they were granted. The Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted.</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> If the Code or the regulations promulgated thereunder are amended after the Effective Date to provide for a different limit on the Fair Market Value of Shares permitted to be subject to Incentive Stock Options, such different limit will be automatically incorporated herein and will apply to any Options granted after the Effective Date of such amendment.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref413068809"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Number of Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMJ5K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will have complete discretion to determine the number of Shares subject to Options granted to any Participant.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Term of Option</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMJ6L6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will determine the term of each Option in its sole discretion; provided, however, that the term will be no more than ten&#160;(10) years from the date of grant thereof. Moreover, in the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">9</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">the term of the Incentive Stock Option will be five (5) years from the date of grant or such shorter term as may be provided in the Award Agreement.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Option Exercise Price and Consideration</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Exercise Price</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The per share exercise price for the Shares to be issued pursuant to exercise of an Option will be determined by the </font><a name="_9kMJ7M6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> but will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. In addition, in the case of an Incentive Stock Option granted to an Employee of the Company or any Parent or Subsidiary who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant. Notwithstanding the foregoing, Options may be granted with a per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section&#160;424(a) of the Code.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Waiting Period and Exercise Dates</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. At the time an Option is granted, the </font><a name="_9kMJ8N6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Form of Consideration</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMJ9O6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will determine the acceptable form of consideration for exercising an Option, including the method of payment. In the case of an Incentive Stock Option, the </font><a name="_9kMJAP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will determine the acceptable form of consideration at the time of grant. The acceptable form of consideration for exercising an Option may consist entirely of: (i) cash; (ii) check; (iii) promissory note, to the extent permitted by Applicable Laws, (iv) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided that accepting such Shares will not result in any adverse accounting consequences to the Company, as the </font><a name="_9kMK2G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines in its sole discretion; (v) consideration received by the Company under a broker-assisted (or other) cashless exercise program implemented by the Company in connection with the Plan; (vi) by net exercise; (vii)&#160;such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or (viii)&#160;any combination of the foregoing methods of payment.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Exercise of Option</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Procedure for Exercise; Rights as a Stockholder</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Any Option granted hereunder will vest and be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the </font><a name="_9kMK3H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share.</font><a name="_Hlk193379679"></a></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 54pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">An Option will be deemed exercised when the Company receives: (i)&#160;notice of exercise (in such form as the </font><font style="font-size:10pt;"><a name="_9kMK4I6ZWu4BC7BCK5ouwx3FFx0FE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> may specify from time to time) from the </font><font style="font-size:10pt;"><a name="_9kMML5YVt4666BIeKt862"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">person</font><font style="font-family:'Arial','Helvetica','sans-serif';"> entitled to exercise the Option, and (ii)&#160;full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment authorized by the </font><font style="font-size:10pt;"><a name="_9kMK5J6ZWu4BC7BCK5ouwx3FFx0FE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company will issue (or </font><font style="font-size:10pt;"><a name="_9kMIH5YVt46669GR3sBw"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">cause</font><font style="font-family:'Arial','Helvetica','sans-serif';"> to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section&#160;</font><font style="font-family:'Arial','Helvetica','sans-serif';">15</font><b style="font-family:'Arial','Helvetica','sans-serif';font-weight:bold;"> </b><font style="font-family:'Arial','Helvetica','sans-serif';">of the Plan.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">10</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 54pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Termination of Relationship as a Service Provider</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If a Participant ceases to be a Service Provider, other than upon the Participant&#8217;s termination as the result of the Participant&#8217;s death or Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain exercisable for three (3) months following the Participant&#8217;s termination. Unless otherwise provided by the </font><a name="_9kMK6K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified by the </font><a name="_9kMK7L6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, the Option will terminate, and the Shares covered by such Option will revert to the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(3)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Termination for Cause</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If a Participant&#8217;s employment is terminated for Cause, as defined in this Plan, then all the Participant&#8217;s Options, whether or not vested, shall immediately terminate and be forfeited as of the effective date of such termination. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(4)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Disability of Participant</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If a Participant ceases to be a Service Provider as a result of the Participant&#8217;s Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following the Participant&#8217;s termination. Unless otherwise provided by the </font><a name="_9kMK8M6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, if on the date of termination, the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(5)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Death of Participant</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If a Participant dies while a Service Provider, the Option may be exercised following the Participant&#8217;s death within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of death (but in no event may the option be exercised later than the expiration of the term of such Option as set forth in the Award Agreement), by the Participant&#8217;s designated beneficiary, provided such beneficiary has been designated prior to Participant&#8217;s death in a form acceptable to the </font><a name="_9kMK9N6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal representative of the Participant&#8217;s estate or by the </font><a name="_9kMNM5YVt4666BIeKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">person(s)</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> to whom the Option is transferred pursuant to the Participant&#8217;s will or in accordance with the laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following Participant&#8217;s death. Unless otherwise provided by the </font><a name="_9kMKAO6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(f)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Modification, Extension or Renewal</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Committee may modify, extend, or renew outstanding Options and authorize the grant of new Options in substitution therefor, provided that any such action may not, without the written consent of a Participant, impair any of such Participant&#8217;s rights under any Option previously granted. Any outstanding Incentive Stock Option that is modified, extended, renewed, or otherwise altered will be treated in accordance with Section 424(h) of the Code. Subject to Section 17 of this Plan, by written notice to affected Participants, the Committee may reduce the exercise price of outstanding Options without the consent of such Participants, </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">11</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">provided, however, that the exercise price may not be reduced below the Fair Market Value on the date the action is taken to reduce the exercise price.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(g)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">No Disqualification</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Notwithstanding any other provision in this Plan, no term of this Plan relating to Incentive Stock Options will be interpreted, amended, or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan under Section 422 of the Code or, without the consent of the Participant affected, to disqualify any Incentive Stock Option under Section 422 of the Code, other than upon a Change in Control. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur026"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">7.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Restricted Stock</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Grant of Restricted Stock</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Subject to the terms and provisions of the Plan, the </font><a name="_9kMKBP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the </font><a name="_9kML3G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will determine.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Restricted Stock Agreement</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction (if any), the number of Shares granted, and such other terms and conditions as the </font><a name="_9kML4H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will determine. Unless the </font><a name="_9kML5I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Transferability</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Except as provided in this Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">7</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or the Award Agreement, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Other Restrictions</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kML6J6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Removal of Restrictions</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Except as otherwise provided in this Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">7</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the </font><a name="_9kML7K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may determine at its sole discretion. The </font><a name="_9kML8L6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(f)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Voting Rights</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the </font><a name="_9kML9M6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines otherwise.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(g)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Dividends and Other Distributions</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the </font><a name="_9kMLAN6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(h)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Return of Restricted Stock to Company</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(i)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance-Based Award Restrictions</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. For purposes of qualifying grants of Restricted Stock as </font><a name="_9kR3WTr26649EaIrtr43npskKBz4qNb848A"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance-Based Awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> under Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">12</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, the </font><a name="_9kMLBO6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its discretion, may set restrictions based upon the achievement of </font><a name="_9kMML5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMNM5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will be set by the </font><a name="_9kMLCP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> on or before the Determination Date. The </font><a name="_9kMM4G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will follow any procedures determined by it from time to time to be necessary or appropriate to ensure such grants of Restricted Stock qualify as </font><a name="_9kMHG5YVt4886BGcKtvt65prumMD16sPdA6AC"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance-Based Awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">12</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(j)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Termination of Service</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Except as may be set forth in the Participant&#8217;s Award Agreement, vesting ceases on such date Participant&#8217;s service terminates (unless determined otherwise by the </font><a name="_9kMM5H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">).</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur028"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">8.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Restricted Stock Units</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Grant</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Restricted Stock Units may be granted at any time and from time to time as determined by the </font><a name="_9kMM6I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Each Restricted Stock Unit grant will be evidenced by an Award Agreement that will specify such other terms and conditions as the </font><a name="_9kMM7J6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will determine, including all terms, conditions, and restrictions related to the grant, the number of Restricted Stock Units and the form of payout, which, subject to Section&#160;8(d), may be left to the discretion of the </font><a name="_9kMM8K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Vesting Criteria and Other Terms</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMM9L6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. Each Award of Restricted Stock Units will be evidenced by an Award Agreement that will specify the vesting criteria, and such other terms and conditions as the </font><a name="_9kMMAM6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will determine.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Earning Restricted Stock Units</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout as specified in the Award Agreement. The </font><a name="_9kMMBN6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may set vesting criteria based upon the achievement of Company-wide, divisional, business unit, or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities laws or any other basis determined by the </font><a name="_9kMMCO6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> in its discretion. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the </font><a name="_9kMMDP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Form and Timing of Payment</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) determined by the </font><a name="_9kMN5G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> and set forth in the Award Agreement. The </font><a name="_9kMN6H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, may pay earned Restricted Stock Units in cash, Shares, or a combination of both. Shares represented by Restricted Stock Units that are fully paid in cash again will be available for grant under the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Cancellation</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(f)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance-Based Award Restrictions</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. For purposes of qualifying grants of Restricted Stock Units as Performance-Based Awards under Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">12</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, the </font><a name="_9kMN7I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its discretion, may set restrictions based upon the achievement of </font><a name="_9kMON5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMPO5YVt3AB6BCYKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will be set by the </font><a name="_9kMN8J6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> on or before the Determination Date. The </font><a name="_9kMN9K6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will follow any procedures determined by it from time to time to be necessary or appropriate to ensure such grants of Restricted Stock Units qualify as </font><a name="_9kMIH5YVt4886BGcKtvt65prumMD16sPdA6AC"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance-Based Awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">9.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stock Appreciation Rights</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Grant of Stock Appreciation Rights</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the </font><a name="_9kMNAL6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref413068661"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Type of Stock Appreciation Rights Authorized</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Awards of Stock Appreciation Rights may be granted in tandem with all or any portion of a related Option (a &#8220;</font><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Tandem SAR</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">&#8221;) or may be granted independently of any Option (a &#8220;</font><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Freestanding SAR</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">&#8221;). A Tandem SAR may be granted either concurrently with the grant of the related Option or at any time thereafter prior to the complete exercise, termination, expiration or cancellation of the related Option.</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">13</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Number of Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMNBM6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will have complete discretion to determine the number of Stock Appreciation Rights granted to any Service Provider. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Exercise Price and Other Terms</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMNCN6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan, provided, however, that (1)&#160;the per Share exercise price of a Tandem SAR will be the per Share exercise price of the related Option and (2)&#160;the per Share exercise price of a Freestanding SAR will be not less than one hundred percent (100%) of the Fair Market Value of a Share on the date of grant. Further, Tandem SARs will be exercisable only at the time and to the extent, and only to the extent, that the related Option is exercisable, subject to such provisions as the </font><a name="_9kMNDO6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may specify (including if the Tandem SAR is granted with respect to less than the full number of Shares subject to the related Option). </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stock Appreciation Right Agreement</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the </font><a name="_9kMNEP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will determine.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(f)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Expiration of Stock Appreciation Rights</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. A Stock Appreciation Right granted under the Plan will expire upon the date determined by the </font><a name="_9kMO6G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, and set forth in the Award Agreement; provided, however, that the term will be no more than ten (10) years from the date of grant thereof. Notwithstanding the foregoing, the rules of Section&#160;6(e) also will apply to Stock Appreciation Rights.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(g)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Payment of Stock Appreciation Right Amount</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount (the &#8220;Payout Amount&#8221;) determined by multiplying:</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">The difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">The number of Shares with respect to which the Stock Appreciation Right is exercised.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">At the discretion of the </font><font style="font-size:10pt;"><a name="_9kMO7H6ZWu4BC7BCK5ouwx3FFx0FE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';">, the payment upon Stock Appreciation Right exercise may be in cash, in Shares (which, on the date of exercise, have an aggregate Fair Market Value equal to the Payout Amount), or in some combination thereof.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur015"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">10.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Units and At-Risk, Performance Shares</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Grant of Performance Units/Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Performance Units and At-Risk, Performance Shares may be granted to Service Providers at any time and from time to time, as will be determined by the </font><a name="_9kMO8I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion. The </font><a name="_9kMO9J6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will have complete discretion in determining the number of Performance Units and At-Risk, Performance Shares granted to each Participant.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Value of Performance Units/Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Each Performance Unit will have an initial value that is established by the </font><a name="_9kMOAK6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> on or before the date of grant. Each At-Risk, Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Objectives and Other Terms</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMOBL6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares that will be paid out to the Participant. Each Award of Performance Units/Shares will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the </font><a name="_9kMOCM6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, will determine. The </font><a name="_9kMODN6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may set performance objectives based upon the achievement of Company-wide, divisional, business unit or individual goals (including, but not </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">14</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the </font><font style="font-size:12pt;"><a name="_9kMOEO6ZWu4BC7BCK5ouwx3FFx0FE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> in its discretion.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Earning of Performance Units/Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. After the applicable Performance Period has ended, the holder of Performance Units/Shares will be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have been achieved. After the grant of a Performance Unit/Share, the </font><a name="_9kMOFP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Unit/Share.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(e)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Form and Timing of Payment of Performance Units/Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Payment of earned Performance Units/Shares will be made as soon as practicable after the expiration of the applicable Performance Period. The </font><a name="_9kMP7G6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, may pay earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(f)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Cancellation of Performance Units/Shares</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. On the date set forth in the Award Agreement, all unearned or unvested Performance Units/Shares will be forfeited to the Company and again will be available for grant under the Plan.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(g)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance-Based Award Restrictions</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. For purposes of qualifying grants of Performance Units/Shares as </font><a name="_9kMJI5YVt4886BGcKtvt65prumMD16sPdA6AC"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance-Based Awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> under Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">12</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, the </font><a name="_9kMP8H6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its discretion, may set restrictions based upon the achievement of </font><a name="_9kMHzG6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMH0H6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will be set by the </font><a name="_9kMP9I6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> on or before the Determination Date. The </font><a name="_9kMPAJ6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will follow any procedures determined by it from time to time to be necessary or appropriate to ensure such grants of Performance Units/Shares qualify as </font><a name="_9kMKJ5YVt4886BGcKtvt65prumMD16sPdA6AC"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance-Based Awards</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">11.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Dividend Equivalents</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_cp_text_1_79"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;background:#ffffff;">General</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">. The </font><a name="_9kMPBK6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">, in its discretion, may provide in the Award Agreement evidencing any Award that the Participant will be entitled to receive Dividend Equivalents with respect to the payment of cash dividends on Shares having a record date prior to the date on which the Awards are settled or forfeited. The Dividend Equivalents, if any, will be credited to an Award in such manner and subject to such terms and conditions as determined by the </font><a name="_9kMPCL6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;"> in its sole discretion. In the event of a dividend or distribution paid in Shares or any other adjustment made upon a change in the capital structure of the Company as described in Section </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">15</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">, appropriate adjustments will be made to the Participant&#8217;s Award so that it represents the right to receive upon settlement any and all new, substituted or additional securities or other property (other than normal cash dividends) to which the Participant would be entitled by reason of the consideration issuable upon settlement of the Award, and all such new, substituted or additional securities or other property will be immediately subject to the same vesting and settlement conditions as are applicable to the Award.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Conditions for Dividend Equivalents</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;">Dividend Equivalents will be subject to the same performance conditions and limits set forth in the </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">underlying Restricted Stock Unit, At-Risk, </font><a name="_9kR3WTr26649DZIrtr43npskbZoz42Gsa9B9ML5"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;">Performance Share or Performance Unit Award</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;letter-spacing:0.15pt;background:#ffffff;"> </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;">as set forth in Sections </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;">8</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;"> and </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;">10</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;">, as applicable, hereof.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Vesting</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;background:#ffffff;">Notwithstanding anything to the contrary in this Plan or any Award Agreement, no Dividend Equivalents shall be paid or settled with respect to any Award that is subject to vesting conditions (including, without limitation, any Restricted Stock Units, Performance Shares, or Performance Units), unless and until the underlying Award vests in accordance with its terms. Dividend Equivalents may be credited during the vesting period, provided that any such credited amounts shall be subject to the same vesting and forfeiture terms as the underlying Award.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;background:#ffffff;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">15</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur024"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">12.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance-Based Awards</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">General</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The </font><a name="_9kMPDM6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may grant Awards that are subject to performance criteria to align with Company objectives. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_9kMH1I6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Performance Goals</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The granting and/or vesting of Awards of Restricted Stock, Restricted Stock Units, At-Risk, Performance Shares and Performance Units and other incentives under the Plan may be made subject to the attainment of one or more </font><a name="_9kMH2J6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, as determined by the </font><a name="_9kMPEN6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> in its sole discretion. The applicable business criteria and methods for measuring </font><a name="_9kMH3K6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> include, by way of example and not limitation, the following and may be applied individually or in combination, and in such manner as the </font><a name="_9kMPFO6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may determine it its sole discretion: sales revenue; gross margin; operating margin; operating income; pre-tax profit; earnings before stock-based compensation expense; interest, taxes and depreciation and amortization; earnings before interest, taxes and depreciation and amortization; earnings before interest and taxes; net income; expenses; the market price of the Stock; stock price; earnings per share; return on stockholder equity; return on capital; return on net assets; economic value added; market share; customer service; customer satisfaction; safety; total stockholder return; free cash flow; net operating income; operating cash flow; return on investment; employee satisfaction; employee retention; balance of cash, cash equivalents and marketable securities; product development; research and development expenses; completion of an identified special project; completion of a joint venture or other corporate transaction; inventory balance; or inventory turnover ratio. Any criteria used may be measured, as applicable, in absolute terms; in combination with another </font><a name="_9kMH4L6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goal</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or </font><a name="_9kR3WTr26648ESJki1"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> (for example, but not by way of limitation, as a ratio or matrix); in relative terms (including, but not limited to, results for other periods, passage of time and/or against another </font><a name="_9kMIH5YVt4666AFPHy0poD"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">company</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or </font><a name="_9kMJI5YVt4666AFPHy0poD"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">companies</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or an index or indices); on a per-share or per-capita basis; against the performance of the Company as a whole or a segment of the Company (including, but not limited to, any combination of the Company and any subsidiary, division, business unit, joint venture, Affiliate and/or other segment); and/or on a pre-tax or after-tax basis. The </font><a name="_9kMH5M6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may differ from Participant to Participant and from Award to Award. Prior to the Determination Date, the </font><a name="_9kMPGP6ZWu4BC7BCK5ouwx3FFx0FE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will determine whether any significant element(s) will be included in or excluded from the calculation of any </font><a name="_9kMH6N6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goal</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> with respect to any Participant. In all other respects, </font><a name="_9kMH7O6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will be calculated in accordance with the Company&#8217;s financial statements, generally accepted accounting principles, or under a methodology established by the </font><a name="_9kMHzzH7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> prior to the issuance of an Award.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Procedures</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. By no later than the applicable Determination Date, the </font><a name="_9kMHz0I7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will, in writing, (1) designate one or more Participants to whom an Award will be made, (2) select the </font><a name="_9kMH8P6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> applicable to the Performance Period, (3)&#160;establish the </font><a name="_9kMI0G6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, and amounts of such Awards, as applicable, which may be earned for such Performance Period, and (4)&#160;specify the relationship between </font><a name="_9kMI1H6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> and the amounts of such Awards, as applicable, to be earned by each Participant for such Performance Period. Following the completion of each Performance Period, the </font><a name="_9kMHz1J7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will certify in writing whether the applicable </font><a name="_9kMI2I6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> have been achieved for such Performance Period. In determining the amounts earned by a Participant, the </font><a name="_9kMHz2K7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will have the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors that the </font><a name="_9kMHz3L7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may deem relevant to the assessment of individual or corporate performance for the Performance Period. A Participant will be eligible to receive payment pursuant to an Award for a Performance Period only if the </font><a name="_9kMI3J6ZWu4BC7CDZLuwu76qsvnSXywF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> for such period are achieved. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">13.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Leaves of Absence/Transfer Between Locations</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Unless otherwise required by Applicable Laws or determined by the </font><font style="font-size:12pt;"><a name="_9kMHz4M7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';">, vesting of Awards will be suspended during any unpaid leave of absence. A Participant will not be considered to have ceased employment due to (a)&#160;a Company-approved leave of absence or (b)&#160;a transfer within the Company, its Parent, Subsidiary, or Affiliate; provided, however, that a transfer to an Affiliate may be treated as a termination for Incentive Stock Option purposes. With respect to Incentive Stock Options, any leave may not exceed three (3) months unless reemployment is guaranteed by statute or contract. If reemployment </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">16</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">is not guaranteed, any Incentive Stock Option held by the Participant will be treated as a Nonstatutory Stock Option six (6) months after the leave begins.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">14.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Transferability of Awards</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Unless determined otherwise by the </font><font style="font-size:12pt;"><a name="_9kMHz5N7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';">, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the </font><font style="font-size:12pt;"><a name="_9kMHz6O7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> makes an Award transferable, such Award will contain such additional terms and conditions as the </font><font style="font-size:12pt;"><a name="_9kMHz7P7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> deems appropriate.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur02C"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">15.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Adjustments; Dissolution or Liquidation; Merger or Change in Control</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref413308418"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Adjustments</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. If the number or class of outstanding Shares is changed by a stock dividend, extraordinary dividend or other distribution (whether in the form of cash, Shares, other securities, or other property, but excepting normal cash dividends), recapitalization, stock split, reverse stock split, reorganization, reincorporation, reclassification, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, then (1) the number and class of Shares reserved for issuance and future grant under the Plan set forth in Section 3, (2) the number, class and price of Shares subject to outstanding Awards, and (3) the maximum number and class of Shares that may be issued set forth in Sections 6, </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">7</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">8</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, 9, and </font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">10</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance with applicable securities or other laws, provided that fractions of a Share will not be issued. If, by reason of an adjustment pursuant to this Section 15(a), a Participant&#8217;s Award Agreement or other agreement related to any Award, or the Shares subject to such Award, covers additional or different shares of stock or securities, then such additional or different shares, and the Award Agreement or such other agreement in respect thereof, will be subject to all of the terms, conditions, and restrictions which were applicable to the Award or the Shares subject to such Award prior to such adjustment.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur02A"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Dissolution or Liquidation</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. In the event of the proposed dissolution or liquidation of the Company, the </font><a name="_9kMHz8Q7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it previously has not been exercised, an Award will terminate immediately prior to the consummation of such proposed action.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Change in Control</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. In the event of a merger or Change in Control, each outstanding Award will be treated as the </font><a name="_9kMH00H7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines, including, without limitation, that (1) Awards may be assumed, or substantially equivalent Awards will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) (the &#8220;</font><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Successor Corporation</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">&#8221;) with appropriate adjustments as to the number and kind of shares and prices; (2) upon written notice to a Participant, that the Participant&#8217;s Awards will terminate upon or immediately prior to the consummation of such Change in Control; (3) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part prior to or upon consummation of such Change in Control, and, to the extent the </font><a name="_9kMH01I7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control; (4)&#160;(i)&#160;the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant&#8217;s rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the </font><a name="_9kMH02J7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant&#8217;s rights, then such Award may be terminated by the Company without payment), or (ii)&#160;the replacement of such Award with other rights or property selected by the </font><a name="_9kMH03K7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> in its sole discretion; or (5) any combination of the foregoing. In taking any of the actions permitted under this Section&#160;15(c), the </font><a name="_9kMH04L7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will not be required to treat all Awards similarly in the transaction.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">In the event that the Successor Corporation does not assume or substitute for the Award, the Participant will fully vest in and have the right to exercise all of his or her outstanding Options and </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">17</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on </font><font style="font-size:12pt;"><a name="_9kR3WTr26649JhKs88ykwzkZkDxutx1gcAQQG2E"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Restricted Stock and Restricted Stock Units</font><font style="font-family:'Arial','Helvetica','sans-serif';"> will lapse, and, with respect to Awards with performance-based vesting, all </font><font style="font-size:12pt;"><a name="_9kMHG5YVt4666BDZKtvt65prumRWxvE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';"> or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or substituted for in the event of a Change in Control, the </font><font style="font-size:12pt;"><a name="_9kMH05M7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> will notify the Participant in writing or electronically that the Option or Stock Appreciation Right will be fully vested and exercisable for a period of time determined by the </font><font style="font-size:12pt;"><a name="_9kMH06N7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> in its sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">For the purposes of this subsection (c), an Award will be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) or, in the case of a Stock Appreciation Right upon the exercise of which the </font><font style="font-size:10pt;"><a name="_9kMH07O7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> determines to pay cash or a &#160;, Performance Share or Performance Unit which the </font><font style="font-size:10pt;"><a name="_9kMH08P7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> can determine to pay in cash, the fair market value of the consideration received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the 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 Change in Control is not solely </font><font style="font-size:10pt;"><a name="_9kMHG5YVt4666AEOHyx02hiBvs"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">common stock</font><font style="font-family:'Arial','Helvetica','sans-serif';"> of the Successor Corporation, the </font><font style="font-size:10pt;"><a name="_9kMH09Q7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> may, with the consent of the Successor Corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit or At-Risk, Performance Share, for each Share subject to such Award (or in the case of Performance Units denominated in dollars, the number of implied shares determined by dividing the value of the Performance Units by the per share consideration received by holders of Common Stock in the Change in Control), to be solely </font><font style="font-size:10pt;"><a name="_9kMIH5YVt4666AEOHyx02hiBvs"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">common stock</font><font style="font-family:'Arial','Helvetica','sans-serif';"> of the Successor Corporation equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Control.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Notwithstanding anything in this Section 15(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more </font><font style="font-size:10pt;"><a name="_9kMHG5YVt4666BEaKtvt65prumRWxvE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';"> will not be considered assumed if the Company or its successor modifies any of such </font><font style="font-size:10pt;"><a name="_9kMIH5YVt4666BEaKtvt65prumRWxvE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';"> without the Participant&#8217;s consent; provided, however, a modification to such </font><font style="font-size:10pt;"><a name="_9kMJI5YVt4666BEaKtvt65prumRWxvE"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';"> only to reflect the Successor Corporation&#8217;s post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Notwithstanding anything in this Section 15(c) to the contrary, if a payment under an Award Agreement is subject to Code Section 409A and if the </font><font style="font-size:10pt;"><a name="_9kMHG5YVt4666ADNAfmtloyTP7DIE9"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">change in control</font><font style="font-family:'Arial','Helvetica','sans-serif';"> definition contained in the Award Agreement does not comply with the definition of &#8220;change of control&#8221; for purposes of a distribution under Code Section 409A, then any payment of an amount that otherwise is accelerated under this Section will be delayed until the earliest time that such payment would be permissible under Code Section 409A without triggering any penalties applicable under Code Section 409A. </font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(d)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Non-Employee Director Awards</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. With respect to Awards granted to a </font><a name="_9kMIH5YVt4886AHcSzQK222G7oON85r7KJ"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Non-Employee Director</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant&#8217;s status as a Director or a director of the Successor Corporation, as applicable, is terminated other than upon a voluntary resignation by the Participant (unless such resignation is at the request of the acquirer), then the Participant will fully vest in and have the right to exercise Options and/or Stock Appreciation Rights as to all of the Shares underlying such Award, including those Shares which otherwise would not be vested or exercisable, all restrictions on </font><a name="_9kMHG5YVt4886BLjMuAA0my1mbmFzwvz3ieCSSI"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Restricted Stock and Restricted Stock Units</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> will lapse, and, with respect to Awards with performance-based vesting, all </font><a name="_9kMKJ5YVt4666BEaKtvt65prumRWxvE"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Performance Goals</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">18</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">16.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Tax Withholding/Code Section 409A</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Tax Withholding</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Company or any Affiliate shall have the authority to withhold, or require a Participant to remit, an amount sufficient to satisfy all federal, state, local, foreign, or other tax obligations (including any employment or payroll taxes) relating to any Award. The </font><a name="_9kMH11H7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may permit or require such tax obligations to be satisfied by one or more of the following methods: (1) cash payment; (2) withholding Shares otherwise deliverable under an Award; (3) tendering previously acquired Shares, provided that the </font><a name="_9kMH12I7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, in its sole discretion, may disallow such tender if it would result in adverse accounting consequences; (4) selling a sufficient number of Shares otherwise deliverable through a broker or similar arrangement; or (5) any other method approved by the </font><a name="_9kMH13J7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Fair Market Value of any Shares withheld or tendered to satisfy such obligations will be determined as of the date the withholding obligation arises, and the </font><a name="_9kMH14K7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may allow withholding at up to the maximum statutory rate permitted by </font><a name="_9kMHG5YVt46669HQG2ztleequVM4N"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Applicable Law</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. &#160; </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Compliance With Code Section&#160;409A</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Plan and each Award granted under the Plan are intended to either be exempt from the application of, or to comply with, the requirements of Code Section 409A so as to avoid the imposition of any additional tax, interest, or penalty thereunder. The Administrator shall have sole discretion to construe and interpret the Plan and each Award Agreement in accordance with this intent. Without limiting the generality of the foregoing:</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(1)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">To the extent an Award is subject to Code Section 409A, the time and form of payment shall be specified in the applicable Award Agreement, and any deferral or acceleration of payment or settlement shall only be permitted if and to the extent authorized under Code Section 409A and applicable Treasury Regulations; and</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(2)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">If the time and form of payment required under subsection (b)(1) of this Section is not included in the Award Agreement and there are no time and form of payment provisions otherwise applicable to such Award, the Award shall be settled by no later than March 15 of the calendar year following the year in which the Award vests, or such earlier date as may be required to qualify for the short-term deferral exemption under applicable Treasury Regulations.</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt 0pt 10pt 36pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">For the avoidance of doubt, and to the extent permitted under applicable Treasury Regulations, Awards intended to qualify for the short-term deferral exemption shall be settled within the short-term deferral period. Further, in no event shall the Company have any obligation to indemnify or reimburse a Participant for any taxes imposed (or interest or penalties with respect thereto) as a result of Section 409A.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">17.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">No Effect on Employment or Service</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Neither the Plan nor any Award will be interpreted as forming an employment or service relationship with the Company or any Parent, Affiliate or Subsidiary. Further, neither the Plan nor any Award will confer upon a Participant any right with respect to continuing the Participant&#8217;s relationship as a Service Provider with the Company or any Parent, Affiliate or Subsidiary, nor will they interfere in any way with the Participant&#8217;s right or right of the Company or any Parent, Affiliate or Subsidiary, as applicable, to terminate such relationship at any time, with or without </font><font style="font-size:12pt;"><a name="_9kMJI5YVt46669GR3sBw"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Cause</font><font style="font-family:'Arial','Helvetica','sans-serif';">, to the extent permitted by Applicable Laws.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">18.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Date of Grant</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">The date of grant of an Award will be, for all purposes, the date on which the </font><font style="font-size:12pt;"><a name="_9kMH17N7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> makes the determination granting such Award, or such other later date as is determined by the </font><font style="font-size:12pt;"><a name="_9kMH18O7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';">. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">19.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Term of Plan</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">19</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Subject to Section 26 of the Plan, the Plan shall be effective for a period of ten (10) consecutive years starting as of the Effective Date and ending on April 1, 2035, unless terminated earlier pursuant to Section 20 of this Plan. &#160; </font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur035"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">20.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Amendment and Termination of the Plan</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Amendment and Termination</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Board or the </font><a name="_9kMH19P7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> may at any time amend, alter, suspend or terminate the Plan. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stockholder Approval</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws. </font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(c)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Effect of Amendment or Termination</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. No amendment, alteration, suspension or termination of the Plan will materially impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the </font><a name="_9kMH1AQ7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the </font><a name="_9kMH22H7aXv5CD8CDL6pvxy4GGy1GF"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">Administrator&#8217;s</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">21.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Conditions Upon Issuance of Shares</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(a)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Legal Compliance</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">(b)</font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><u style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Investment Representations</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">. As a condition to the exercise of an Award, the Company may require the </font><a name="_9kMON5YVt4666BIeKt862"></a><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;">person</font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.</font></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">22.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Inability to Obtain Authority</b><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">The inability of the Company to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or foreign law or under the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by the Company&#8217;s counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification or rule compliance will not have been obtained.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">23.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Forfeiture Events</b><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">The </font><font style="font-size:12pt;"><a name="_9kMH23I7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> may specify in an Award Agreement that the Participant&#8217;s rights, payments, and benefits with respect to an Award will be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but will not be limited to, fraud, breach of a fiduciary duty, restatement of financial statements as a result of fraud or willful errors or omissions, termination of employment for </font><font style="font-size:12pt;"><a name="_9kMKJ5YVt46669GR3sBw"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Cause</font><font style="font-family:'Arial','Helvetica','sans-serif';">, violation of material Company, Affiliate and/or Subsidiary policies, breach of non-competition, confidentiality, or other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company, Affiliates and/or its Subsidiaries. The </font><font style="font-size:12pt;"><a name="_9kMH24J7aXv5CD8CDL6pvxy4GGy1GF"></a></font><font style="font-family:'Arial','Helvetica','sans-serif';">Administrator</font><font style="font-family:'Arial','Helvetica','sans-serif';"> may also require the application of this Section with respect to any Award previously granted to a Participant even without any specified terms being included in any applicable Award Agreement to the extent required under Applicable Laws.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">20</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">24.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Insider Trading Policy</b><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Each Participant who receives an Award will comply with any policy adopted by the Company from time to time covering transactions in the Company&#8217;s securities by Employees, officers, and/or Directors of the Company, as well as with any applicable insider trading or market abuse laws to which the Participant may be subject.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><a name="_Ref_ContractCompanion_9kb9Ur037"></a><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">25.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">All Awards Subject to Company Clawback or Recoupment Policy</b><font style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;"> </font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">All Awards granted under this Plan shall be subject to the Company&#8217;s recoupment or &#8220;clawback&#8221; policies as in effect from time to time, including g any policies adopted pursuant to Rule 10D-1 under the Exchange Act and applicable listing standards. Such policies are hereby incorporated by reference into the Plan and each Award Agreement.</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">26.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Stockholder Approval</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">The Plan is subject to approval by the stockholders of the Company, which must occur within twelve (12) months following the Effective Date. Any Awards granted prior to such stockholder approval shall be expressly subject to such approval and shall be null and void if such approval is not obtained within such twelve (12)-month period. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. </font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;">27.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:10pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Captions</b><b style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;font-weight:bold;"> </b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Captions are provided herein for convenience only and will not serve as a basis for interpretation or construction of the Plan. </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 10pt 0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-weight:bold;">* * *</b></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:24pt 0pt 0pt 0pt;">Page <font style="font-weight:bold;">21</font> of <b style="font-weight:bold;">21</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:avoid;width:88.24%;border-width:0;"></body></html>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>axti-20250515_pre.xml
<DESCRIPTION>EX-101.PRE
<TEXT>
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  </presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>May 15, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Document and Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 15,  2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">000-24085<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">AXT,&#160;INC.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">94-3031310<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">4281 Technology Drive<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Fremont<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">94538<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">510<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">438-4700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.001 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AXTI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001051627<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>dei:fileNumberItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
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<td>dei_</td>
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<td>xbrli:booleanItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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