duties or responsibilities; (ii) a material and repeated failure to exercise a reasonable level of skill, effort and/or efficiency in performing the Participants duties or
responsibilities (other than due to Disability); (iii) willful conduct which adversely impacts the reputation of the Company or any of its Affiliates; (iv) the conviction of a felony (or equivalent in other jurisdictions), or any crime
involving moral turpitude (including embezzlement, bribery, forgery, counterfeiting, extortion, false statements or insider trading), or any plea of no contest or nolo contendere (or equivalent in other jurisdictions) in
connection therewith; (v) the charge or indictment of a felony or any other criminal offense, the defense of which renders the Participant substantially unable to perform adequately the Participants duties for at least six months;
(vi) a material violation of applicable laws, rules or regulations or the rules or regulations of any securities exchange or association or regulatory body of which the Company and/or its Affiliates is a member and/or licensed by; (vii) a
material violation of the Companys and/or an Affiliates employment, confidentiality, operations, compliance, ethics or similar policies; (viii) a material breach of the Participants contractual arrangements with the Company
and/or any Affiliate; or (ix) failure to co-operate with an internal investigation, an investigation by regulatory or law enforcement authorities or actual or prospective litigation in which the Company
and/or its Affiliates have an interest, after being reasonably instructed by the Company and/or any of its Affiliates to co-operate.
In the case of clauses (i)(b), (ii), (vi), (vii), (viii) and (ix) above, provided in each case that such breach, failure, violation, or act or omission
is reasonably capable of prompt Cure, (a) the Company shall provide the Participant with a sufficiently detailed written notice describing such breach, failure, violation, or act or omission (a
30-Day Notice), and (b) the Participant shall have 30 days to Cure such breach, failure, violation, or act or omission (provided that, for the avoidance of doubt, if the
Participant receives the 30-Day Notice and fails to timely Cure within such 30-day period, the Company shall not be required to provide any additional notice or notice
period and the Company may terminate the Participant for Cause after the last day of such 30-day period). For purposes of this Plan, Cure means to take such unilateral action(s) as will
avoid all material effects of a breach, failure, violation, or act or omission.
All determinations of whether any act or omission constitutes Cause in
any particular case will be made by the Administrator in its sole discretion and will be final and binding on all parties.
On or before any termination
for Cause that does not require a 30-Day Notice, the Company or the applicable Affiliate shall provide the Participant with written notice describing any such breach, failure, violation or act or
omission claimed to constitute Cause.
(j) Certificate of Incorporation means the amended and
restated certificate of incorporation of the Company, as may be further amended and/or restated from time to time.
(k) Change in Capitalization means any (1) merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase or other reorganization or corporate transaction or event, (2) special or extraordinary dividend or other extraordinary distribution
(whether in the form of cash, Common Stock, or other property), stock split, reverse stock split, subdivision or consolidation, (3) combination or exchange of shares, or (4) other change in corporate structure, which, in any such case, the
Administrator determines, in its sole discretion, affects the Common Stock such that an adjustment pursuant to Section 5 hereof is appropriate.
(l) Change in Control means the occurrence of any of the following events:
(1) any Person or any group of Persons acting together which would constitute a group for purposes of Section 13(d) of
the Exchange Act, or any successor provisions thereto, excluding any Permitted Transferee or any group of Permitted Transferees, becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Companys then outstanding voting securities; or
(2) the following individuals cease
for any reason to constitute a majority of the number of directors then serving on the Board: individuals who, on the Effective Date, constitute the Board and any new director
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