2009 LONG-TERM INCENTIVE PLAN Stock Option Award Zertifikat Dieses Zertifikat belegt die Gewährung, die Ihnen von der Cabot Corporation (der 147Company148 oder 147Cabot148) gewährt wird, vorbehaltlich der hierin enthaltenen Bedingungen und im Long Term Incentive Plan 2009 (in der jeweils gültigen Fassung) 1472009 Plan148) von Aktienoptionen zum Erwerb der Anzahl der Stammaktien von Cabot, die in der nachstehenden Tabelle aufgeführt sind (Aktienoptionen, die als Ihre 147Award148 bezeichnet werden). Die wichtigsten Bedingungen für Ihre Auszeichnung sind unten beschrieben. Soweit nichts anderes ausdrücklich vorgesehen ist, haben alle hierin definierten kapitalisierten Begriffe dieselbe Bedeutung wie im Plan 2009. Nicht-qualifizierte Aktienoption Ausübungspreis (pro Aktie) Datum, zu dem die Aktienoption wächst und als ausübbare allgemeine Bedingungen Ihrer Aktienoption gilt. Ihre Aktienoption gibt Ihnen das Recht, Stammaktien von Cabot zum Ausgabekurs je Aktie zu erwerben und vorbehaltlich der vorstehend aufgeführten Rückkaufsbestimmungen. Diese Aktienoption soll keine Anreizaktienoption gemäß § 422 Internal Revenue Code in der jeweils geltenden Fassung darstellen. Vesting und Dauer Ihrer Aktienoption. Wie aus der obigen Tabelle hervorgeht, wird ein Teil Ihrer Auszeichnung am ersten, zweiten und dritten Jahrestag des Datums der Gewährung ausgeübt und ausübbar sein. Nachdem Ihre Aktienoption, sofern sie nicht vorzeitig gekündigt oder verfallen ist, grundsätzlich ganz oder teilweise jederzeit vor ihrem Verfalltag ausübbar ist. Ihre Aktienoption hat eine Laufzeit von zehn Jahren. Die Bedingungen, unter denen Ihre Prämie verfallen kann, werden nachfolgend erläutert. Die Ausübung Ihrer Aktienoption kann den Verkauf von Cabot-Aktien beinhalten und dementsprechend können Einschränkungen bestehen, wenn Sie Ihre Aktienoption unter Cabot146s Policy on Transactions in Securities ausüben können. Eine Kopie davon erhalten Sie im Prospekt Der 2009 Plan. Umstände, die zur Kündigung Ihrer Aktienoption vor dem planmäßigen Verfallsdatum führen werden. Wenn Ihre Beschäftigung mit Cabot endet und Sie weiterhin nicht ausgeübte Aktienoptionen halten, gelten folgende Regeln: Alle nicht ausgezahlten Optionen, die unmittelbar vor der Einstellung Ihrer Beschäftigung ausstehen, verfällt (es sei denn, dass Ihre Beschäftigung aufgrund Ihres Todes oder einer Invalidität kündigt oder weil Innerhalb von zwei Jahren nach einem Change in Control Cabot oder einem Nachfolger Arbeitgeber beendet Ihre Beschäftigung außer für Ursache oder beenden Sie Ihre Beschäftigung aus gutem Grund, wie unten ausführlicher beschrieben). Unmittelbar vor der Beendigung Ihres Beschäftigungsverhältnisses ausstehende offene Wandelschuldverschreibungen werden, soweit sie ausübbar sind, für drei Monate nach dem Ende des Beschäftigungszeitraums oder bis zum angegebenen Verfallsdatum, sofern dies früher der Fall ist, ausübbar bleiben. Wenn Ihre Beschäftigung aufgrund Ihres Todes oder einer Invalidität aufgelöst wird, werden alle offenen, nicht ausgezahlten Aktienoptionen nach Ablauf dieser Kündigung voll ausübbar sein, und alle ausstehenden Aktienoptionen bleiben drei Jahre nach dem Ende des Beschäftigungszeitraums oder bis zum angegebenen Verfallsdatum ausübbar, Wenn früher. Wenn Ihre Prämie nach einer Änderung der Kontrolle (entweder aufgrund von Annahme, Substitution oder anderweitig nach Ziffer 7 (a) (y) (i) des Planes 2009) noch aussteht und innerhalb von zwei Jahren nach der Änderung der Kontrollkabot Oder ein Nachfolger Arbeitgeber beendet Ihre Beschäftigung außer für Ursache, oder Sie beenden Ihre Beschäftigung aus gutem Grund, werden alle offenen unbestätigten Aktienoptionen werden voll ausübbar in vollem Umfang bei einer solchen Kündigung und bleiben ausübbar für drei Monate nach dem Zeitpunkt der Beendigung Ihrer Beschäftigung oder bis Das angegebene Verfalldatum, falls früher. Ausübung Ihrer Aktienoption. Sie können Ihre Ausübung ausüben, indem Sie an den von der Gesellschaft designierten Broker für Aktienoptionsübungen (oder an die Gesellschaft, falls die Gesellschaft keinen designierten Broker für Aktienoptionsübungen besitzt) eine unterzeichnete, Des Ausübungspreises und der fälligen Verrechnungssteuer. Das Datum, an dem der von der Gesellschaft benannte Makler (oder die Gesellschaft für den Fall, dass die Gesellschaft keinen designierten Broker für Aktienoptionsübungen hat) Ihre unterzeichnete Ausübungserklärung erhält, ist der Ausübungstag. Sie können auch wählen, Ihre Aktienoptionen in einer bargeldlosen Ausübung durch den von der Gesellschaft benannten Makler (oder Ihren eigenen Makler auszuüben, wenn die Gesellschaft keinen bestimmten Makler für Aktienoptionsübungen hat) auszuüben. Eine bargeldlose Übung beinhaltet einen Verkauf von Cabot-Aktien auf dem Markt, wobei der Erlös auf den Aktienoptionsausübungspreis und etwaige Quellensteuern anwendbar ist. Bei einem bargeldlosen Ausübungstransaktion gilt die Ausübung als erfolgt, wenn die Anteile vom Makler verkauft werden. Zahlung des Ausübungspreises. Sie können für die Aktien, die Sie bei der Ausübung Ihrer Aktienoption kaufen, auf folgende Weise bezahlen: durch eine Kombination der oben genannten zulässigen Zahlungsmittel. Für die Zwecke dieser Vergabevereinbarung bedeutet i) Ihr vorsätzliches und andauerndes Versäumnis, Ihre vernünftig zugewiesenen Pflichten gegenüber der Gesellschaft oder einem Nachfolger oder einem ihrer verbundenen Unternehmen (außer solchen Fehlern, die sich aus Ihrer körperlichen oder seelischen Erwerbsunfähigkeit ergeben Oder eines solchen tatsächlichen, angeblichen oder erwarteten Versagens, nachdem Sie eine Kündigungserklärung aus wichtigem Grund abgegeben haben), nachdem Ihnen von der Gesellschaft eine schriftliche Forderung nach substantieller Leistung vorgelegt wurde, die spezifisch die Art und Weise bestimmt, in der die Gesellschaft davon ausgeht, dass Sie nicht wesentlich durchgeführt haben Ihre Pflichten oder (ii) Ihr vorsätzliches Verhalten, das für die Gesellschaft nachweislich und materiell schädlich ist, monetär oder anderweitig. Für die Zwecke dieser Definition (i) gilt keine Handlung oder Untätigkeit von Ihrer Seite als wirksam, sofern sie nicht durch Treu und Glauben und ohne begründeten Glauben, dass Ihre Handlungen oder Unterlassung in der Das beste Interesse der Gesellschaft und (ii) Ihre Treu und Glauben Fehler im Urteil sind keine Ursache oder in einer Bestimmung, ob Ursache besteht. Für die Zwecke dieser Vergabevereinbarung bedeutet 147Good Reason148 das Auftreten nach einem Change of Control ohne Ihre vorherige schriftliche Zustimmung eines der folgenden Ereignisse oder Bedingungen: (a) eine Änderung Ihres Status, Ihres Titels, Ihrer Position oder Verantwortlichkeiten (einschließlich Berichterstattung) Zuständigkeiten), die eine wesentliche nachteilige Abweichung von Ihrem Status, dem Titel, der Position oder den Verantwortlichkeiten, wie sie unmittelbar vor der Erfüllung Ihrer Pflichten oder Verantwortlichkeiten bestehen, die mit Ihrem Status, Titel, Position oder Verantwortlichkeiten oder Ihrer Entfernung von oder nicht unvereinbar sind, darstellt Das Versäumnis, Sie zu irgendeinem dieser Ämter oder Stellen zurückzuerobern oder wiederzuerwählen, außer im Zusammenhang mit der Beendigung Ihres Arbeitsverhältnisses wegen Invalidität, wegen Ihres Todes oder durch Sie, außer aus gutem Grund (C) die Verlagerung der Büros, an denen Sie hauptsächlich an einem Standort beschäftigt sind, der mehr als fünfundzwanzig (25) Meilen vom Standort entfernt ist Ein solches Amt unmittelbar vor dem Change of Control oder die Company146s, die es verlangen, dass Sie an einem Ort arbeiten, der mehr als 25 (25) Meilen von diesem Büro entfernt ist, außer in dem Ausmaß, in dem Sie zuvor nicht einem Hauptstandort und mit Ausnahme von Die zum Zeitpunkt der Änderung der Kontrolle im Wesentlichen mit Ihren Geschäftsreiseverpflichtungen übereinstimmen, d) das Versäumnis der Gesellschaft, Ihnen einen Teil Ihres derzeitigen Basissalärs oder jährlichen Cash-Bonus zu zahlen Eine andere Entschädigung zu zahlen oder Ihnen jeden Teil einer Tranche der aufgeschobenen Vergütung im Rahmen eines aufgeschobenen Vergütungsprogramms der Gesellschaft, in dem Sie teilgenommen haben, in jedem Fall innerhalb von vierzehn (14) Tagen nach dem Tag zu zahlen, an dem diese Entschädigung fällig und zahlbar ist Mit den Bestimmungen des anwendbaren Vertrages oder Plans oder des anwendbaren Rechts oder e) jede wesentliche Kürzung der Alters - oder Sozialversicherungsleistungen oder eines anderen materiellen Nutzen - oder Vergütungsplans, der Ihnen zur Verfügung gestellt wird, oder eine wesentliche nachteilige Änderung der Bedingungen, zu denen diese Leistungen geleistet werden verfügbar. Damit eine Kündigung aus wichtigem Grund wirksam werden kann, müssen Sie a) die Gesellschaft in Kenntnis setzen, in der die dem Grunde zugrunde liegende Bedingung spätestens zum einhundertsechzigsten (180.) Tag nach dem Eintritt des Ereignisses in angemessener Weise angeführt wird Von dieser Bedingung (b) der Gesellschaft eine Frist von dreißig (30) Tagen zur Behebung der Bedingung und (c) Kündigung Ihrer Beschäftigung aus wichtigem Grund innerhalb von sechzig (60) Tagen nach Ablauf der Verjährungsfrist zu gewähren Den Zustand beheben. Eine bargeldlose Übung beinhaltet den Verkauf von Cabot-Aktien auf dem Markt und muss daher gemäß Cabot146s Policy on Transactions in Securities durchgeführt werden. Bitte überprüfen Sie die Beschränkungen des Handels, die in der Richtlinie enthalten sind, bevor Sie Vorkehrungen für eine bargeldlose Ausübung treffen. Bitte beachten Sie, dass die Handelsbeschränkungen in der Cabot146s-Police für Transaktionen in Wertpapieren nicht für Geschäfte mit der Gesellschaft gelten, wie zum Beispiel die Ausübung einer Aktienoption mit eigenen Fonds oder die Übergabe von Aktien an der Auszahlung des Ausübungspreises oder in der Befriedigung irgendeiner Steuerabzugsverpflichtungen, vorausgesetzt, dass Sie die erworbenen Aktien nicht im Besitz wesentlicher, nicht öffentlicher Informationen oder, wenn anwendbar, für Sie, während eines Unternehmens-Blackout-Zeitraums verkaufen. Steuerliche Konsequenzen Ihrer Aktienoption. Die steuerlichen Konsequenzen Ihrer Auszeichnung sind in den Steuerinformationen zu diesem Zertifikat beschrieben. Wenn Sie ein Angestellter in den US-Quellensteuern sind, werden die Erlöse aus Ihrem Optionsübungstransaktion abgezogen, es sei denn, andere Zahlungsmodalitäten wurden getroffen. Wenn Sie ein Nicht-US-Mitarbeiter sind, werden die Details Ihrer Optionsübungstransaktion an Ihre lokale Personalabteilung gemeldet, und die Fonds können entweder von der Gehaltsabrechnung einbehalten oder von Ihnen bezahlt werden, um etwaige Verpflichtungsverpflichtungen zu erfüllen. Wirkung auf die Rechte der Arbeitnehmer als Aktionär. Diese Auszeichnung verleiht Ihnen kein Recht, als Angestellter der Gesellschaft oder einer ihrer Tochtergesellschaften oder verbundenen Unternehmen weiterzugehen und beeinträchtigt in keiner Weise das Recht der Gesellschaft oder einer Tochtergesellschaft oder Tochtergesellschaft der Gesellschaft, Ihre Beschäftigung zu beenden Zeit. Ferner haben Sie bis zur ordnungsgemäßen Ausübung der Option und der Ausgabe der Aktien, für die die Option ausgeübt wurde, keine Rechte als Aktionär in Bezug auf die dieser Option unterliegenden Aktien. Bestimmungen des Jahresplans 2009. Die in dieser Bescheinigung festgelegten Bedingungen unterliegen den Bestimmungen des Jahresplans 2009, für die Ihnen eine Kopie vorgelegt wurde. Informationen über den Plan 2009 sind ebenfalls im Prospekt für den Plan 2009 enthalten, der Ihnen ebenfalls zugesandt wurde. Das Compensation Committee des Cabot146s Board of Directors hat die ausschließliche Befugnis, den Plan 2009 und diesen Award zu interpretieren. Jede Auslegung des Preises durch den Ausschuss und jede Entscheidung, die er in Bezug auf den Award getroffen hat, ist endgültig und für alle Personen bindend. Soweit ein Konflikt zwischen den Bedingungen dieses Zertifikates und dem 2009er Plan oder jeglichem Arbeitsvertrag zwischen Ihnen und Cabot oder einer ihrer Tochtergesellschaften besteht, ist der Plan 2009 geregelt. Rekrutierungspolitik. Diese Auszeichnung und die Aktien, die Ihnen bei einer Ausübung der Aus - schüttung ausgestellt wurden, unterliegen den Bedingungen der zum Zeitpunkt des Aus - schreibens gültigen Annahmepolitik. Zusätzliche Information. Wenn Sie Fragen zu Ihrer Aktienoption oder dem Ausübungsprozess haben, wenden Sie sich bitte an HR Shared Services, 157 Concord Road, Billerica, MA 01821 Telefon (978-671-4139) Vertraulich Fax:. Geltendes Recht. Diese Bescheinigung wird nach den Gesetzen des Commonwealth of Massachusetts geregelt und ausgelegt und bestimmt, ohne irgendeine Rechtswahl oder Kollisionsnorm oder eine Regel (ob des Commonwealth of Massachusetts oder irgendeiner anderen Rechtsordnung) zu bewirken Die Anwendung der Gesetze einer anderen Gerichtsbarkeit als dem Commonwealth of Massachusetts. Mit der untenstehenden Unterzeichnung akzeptieren Sie Ihre Prämie vorbehaltlich der hierin enthaltenen Bestimmungen und der damit zusammenhängenden steuerlichen Informationen, des 2009er Planes, des Prospekts für den 2009er Plan sowie der anderen Materialien und Dokumente, die Ihnen im Zusammenhang mit dem Award zur Verfügung gestellt werden Die Übermittlung und Nutzung Ihrer personenbezogenen Daten durch die Gesellschaft oder Dienstleister der Gesellschaft oder Dritte für die spezifischen Zwecke des Programms 2009, auch wenn sich die Empfänger der Daten in Ländern befinden, die keinen Datenschutz haben Die in Ihrem Land geltenden Rechtsvorschriften gleichwertig sind. Darüber hinaus verstehen Sie, dass diese Auszeichnung ist freiwillig, und die Förderfähigkeit für eine Auszeichnung im Rahmen des 2009-Plans wird zum Zeitpunkt der Auszeichnung festgelegt. Daher bedeutet Ihr Erhalt dieser Auszeichnung nicht, dass Sie eine Auszeichnung in der Zukunft garantiert werden. Kindly Zeichen, Datum und Rückkehr dieses Zertifikat zur Cabot Corporation, Aufmerksamkeit:. Kompensationsabteilung per Handanlieferung oder Post, bis 157 Concord Road, Billerica, MA 01821 oder per Fax an die Vertrauliche Fax:. ZU URKUND DESSEN hat die Gesellschaft dazu geführt, dass diese Aktienoption von ihrem ordnungsgemäß bevollmächtigten Bevollmächtigten ausgeübt wird. Es gab einen wachsenden Druck auf den Aktienbestand A. In den Jahresberichten hat es zu einem wachsenden Druck auf die Ausgabe von Aktienoptionen geführt. B. Aktionäre Unzufriedenheit mit der Behandlung von Aktienoptionen als freiem Gut. C. Finanzbuchhaltung Die Standardnummer 313 erhöht die Kosten für die Verwendung von Aktienoptionen. D. Aktienoptionen zahlen nicht für die Führungskompetenz. Schwierigkeitsgrad: Schwierig 12. (S. 484) A ist eine Bargeld - oder Aktienauszeichnung, die durch die Erreichung bestimmter Ziele erwirtschaftet wird und als ordentliches Einkommen besteuert wird. A. nicht qualifizierte Aktienoption B. phantom Aktienplan C. eingeschränkte Aktienplanung D. Performance Shareunit-Plan Schwierigkeit: Medium 14-4 Diese Vorschau hat absichtlich verschwommene Abschnitte. Melden Sie sich an, um die Vollversion zu sehen. Kapitel 14 - Vergütung von Sondergruppen 13. (S. 484) A ist eine Bar - oder Aktienbeurteilung, die durch eine Erhöhung des Aktienkurses zu einem festen Termin bestimmt wird. A. Phantom-Aktienplan B. Performance-Shareunit-Plan C. Aktienwertsteigerung D. Nichtqualifizierte Aktienoption Schwierigkeitsgrad: Medium 14. (S. 484) Nichtqualifizierte Aktienoptionen beinhalten. A. Erwerb von Aktien zu einem festgelegten Preis, der nicht mit dem Internal Revenue Code übereinstimmt B. Bar - oder Aktienzuteilung durch Erhöhung des Aktienkurses zu einem festen zukünftigen Datum C. Bar - oder Aktienzuteilung, bestimmt durch Erhöhung des Aktienkurses, Die Optionsperiode D. Erteilung von Aktien zu einem reduzierten Preis mit der Bedingung, dass sie nicht vor einem bestimmten Datum verkauft werden darf Schwierigkeitsgrad: Medium 15. (S. 484) Zum Zeitpunkt der Gewährung, der im Folgenden keine steuerlichen Auswirkungen hat Für die Exekutive A. Phantom-Aktienpläne B. Incentive-Aktienoptionen C. Wertsteigerungsrechte D. Performance Shareunit-Pläne Schwierigkeitsgrad: Schwierig 16. (S. 484) Welche der folgenden Leistungen ist nicht an das Ergebnis gebunden A. Lebensversicherung B. Invalidität Versicherung C. Kfz-Darlehen D. Pensionen Schwierigkeitsgrad: Mittel 14-5 17. (S. 484-485) Welche der folgenden Punkte ist nicht eine der Klauseln, die sich auf Leistungen beziehen, können die Führungskräfte A. Muss 80 Prozent der Arbeitnehmer B abdecken. Muss bestimmbar sein C. Muss spezifische Anforderungen an die Vesting-Anforderungen erfüllen D. Durchschnittswert der Leistungen für Mitarbeiter mit niedrigem Einkommen muss mindestens 90 Prozent derjenigen für hochbezahlte Beschäftigte sein Schwierigkeit: Mittel 18 (S. 485) Welche der folgenden ist ein Beispiel für eine beliebte Vergünstigung angeboten Führungskräfte A. Darlehen bei niedrigem oder kein Interesse B. Bürofläche an einem Unternehmen Geschäft Standort C. Ein Executive-Esszimmer D. Zusätzliche Sekretariats-Dienstleistungen gewidmet Unternehmen Angelegenheiten Schwierigkeit: Medium 19. (S. 485) Welche der folgenden ist die beliebteste Führungskraft von den meisten Unternehmen angeboten (91 Prozent) A. Körperliche Untersuchung B. Einkommensteuer Vorbereitung C. Eine Executive Esszimmer D. Ein Unternehmen Auto Schwierigkeit: Medium 20 (S. 488) Ein nützliches Werkzeug zur Ermittlung des wahren Wertes eines gesamten Vergütungspakets ist. A. Diese Vorschau hat absichtlich verschwommene Abschnitte. Melden Sie sich an, um die Vollversion zu sehen. Nicht-QUALIFIED STOCK OPTION VEREINBARUNG DIESE VEREINBARUNG (die 147-Vereinbarung 148), wirksam ab dem Datum der Bekanntmachung der Erteilung, die hiermit (die 147 Bekanntmachung über die Erteilung 148), wird erstellt und abgeschlossen Von und zwischen Dean Foods Company, einer Delaware Corporation (die 147 Company 148) und der Einzelperson, die auf der Mitteilung der Gewährung (147 Sie 148) benannt ist. In Erwägung nachstehender Gründe: Der Vergütungsausschuss des Verwaltungsrates der Gesellschaft (147Committee148) hat die Gewährung von Anreizzuschüssen gemäß Artikel 303A.08 des New York Stock Exchange Listed Company Manuals genehmigt, und dieser Preis soll eine Anregung sein Sofern dies nach dem anwendbaren Recht zulässig ist und soweit dies nicht mit diesem Abkommen unvereinbar ist, wird diese Zuwendung unter Bezugnahme auf die Bedingungen des Dean Foods Company 2007 Stock Incentive Plan (der 147 Plan 148), ( Kapitalisierte Begriffe, die in diesem Vertrag verwendet werden und die in diesem Vertrag nicht anders definiert sind, haben die im Plan vorgesehenen Bedeutungen), und in der Erwägung, dass die Parteien unbeschadet der vorstehenden Erwägungen anerkennen, dass diese Prämie im Rahmen des Plans und der Erwägung, Englisch: eur-lex. europa. eu/LexUriServ/LexUri...0083: EN: HTML Sie haben aufgrund Ihrer Stellungnahme und der Vertretung der Gesellschaft und ihrer Tochtergesellschaften aufgrund Ihrer Position wesentliche Kenntnisse über die Geschäftstätigkeiten und Gepflogenheiten der Gesellschaft der Gesellschaft erworben und werden diese auch weiterhin erwerben Umfang und für die Dauer Ihrer Dienstleistung und für einen angemessenen Zeitraum danach kann sie die Vertraulichkeit ihrer Geschäftsgeheimnisse und geschützten Informationen beibehalten und Goodwill und andere legitime Geschäftsinteressen schützen, von denen jedes beeinträchtigt werden könnte, wenn ein wettbewerbsorientiertes Geschäft sichern würde Ihre Dienstleistungen und in Erwägung nachstehender Gründe: Die im Rahmen des Plans vorgesehenen Optionen und sonstigen Prämien sollen die Anforderungen der Regel 16b-3 gemäß dem Securities Exchange Act von 1934 in der geänderten Fassung erfüllen und der Ausschuss hat Sie zur Teilnahme am Plan ausgewählt Und hat die Option, die in diesem Abkommen beschrieben ist, und die Zuschlagserklärung an Sie verliehen, und die Parteien möchten die schriftlichen Bedingungen der Option schriftlich nachweisen. JETZT in Anbetracht des Vorstehenden und der hierin enthaltenen Vereinbarungen und Vereinbarungen sowie als Anreiz für Sie, als Angestellter der Gesellschaft (oder ihrer Tochtergesellschaften) weiterzugehen und den Erfolg der Geschäftstätigkeit der Gesellschaft und des Unternehmens zu fördern Ihre Tochtergesellschaften, vereinbaren die Parteien wie folgt: 1. Gewährung der Option. Die Gesellschaft gewährt hiermit und Ihnen hiermit, ab dem in der Bekanntmachung über die Gewährung des Zuschusses (147. Grant 148) angegebenen Datum, und unter den Bedingungen, Einschränkungen und Einschränkungen, In diesem Vertrag eine Option für den Erwerb sämtlicher oder eines Teils der in der Bekanntmachung über die Zuteilung gewährten Aktienanzahl für den in der Zuwendungsbekanntmachung (147 Ausübungspreis 148) angegebenen Preis je Aktie. Sie müssen diesen Optionspreis in der von der Gesellschaft in der Bekanntmachung über die Erteilung (z. B. elektronischen Annahme) bezeichneten Weise annehmen, spätestens 90 Tage nach dem Datum der Gewährung oder elektronischen Meldung dieses Zuschusses Ungültig und ohne Wirkung. Nach der Annahme, wie oben, jedoch vorbehaltlich der Bestimmungen der §§ 2 (c), 2 (d), 4 und 7 dieser Vereinbarung, ist diese Gewährung von Optionen unwiderruflich. (A) Regelmäßige Vesting. Soweit in dem Plan oder in diesem Abschnitt 2 nichts anderes bestimmt ist, wird die Option in Bezug auf die zugrundeliegenden Aktien der Aktien in drei (3) gleichen jährlichen Schritten ausgeübt, die am ersten Jahrestag des Zuschussstichtages beginnen. (B) Beschleunigtes Vesting. (1) Sofern der Ausschuss keine anderweitige Bestimmung vornimmt oder ausser in einer Vereinbarung zwischen Ihnen und Ihrem Arbeitgeber, wenn Ihre Dienstleistung aufgrund des Todes, der Invalidität oder des Ruhestandes während des Restriktionszeitraums endet, werden alle nicht ausgegebenen Optionen, die Sie zu diesem Zeitpunkt gehalten haben Kündigung wird zum Zeitpunkt der Kündigung vollständig ausgeübt. Für die Zwecke dieses Übereinkommens ist 147 der Ruhestand 148 als Ihr Ruhestand von einer Beschäftigung oder einer sonstigen Dienstleistung gegenüber der Gesellschaft oder einer Tochtergesellschaft definiert, nachdem Sie (i) fünfundfünfzig Jahre alt geworden sind, solange Sie auch mindestens abgeschlossen haben Zehn (10) Jahre kontinuierlichen Service unmittelbar vor Ihrer Pensionierung, oder (ii) Alter von fünfundsechzig (65). 147 Die Behinderung 148 ist als dauerhafte und vollständige Behinderung (im Sinne von § 22 e) Ziffer 3 des Kodex definiert). (2) Zusätzlich zu den in den Absätzen 2 (a), 2 (b) (1) und 2 (b) (2) enthaltenen Vesting-Bestimmungen werden Ihre Optionen automatisch und unverzüglich in vollem Umfang auf einen Change of Control überwiesen. (C) Verfall von nicht gezahlten Optionen. Sofern vom Ausschuss nichts anderes bestimmt ist oder außer in einer Vereinbarung zwischen Ihnen und Ihrem Arbeitgeber, wenn Ihr Dienst aus einem anderen Grund als Tod, Invalidität oder Ruhestand während der Restriktionsperiode kündigt, werden alle nicht gezahlten Optionen, die Sie gehalten haben, als verfallen und storniert Des Datums der Beendigung des Dienstes. Unbeschadet abweichender Vereinbarungen in diesem Abschnitt 2 werden Ihre Rechte in Bezug auf nicht ausgeübte Optionsrechte in jedem Fall unverzüglich einbehalten und ab dem Datum der Kündigung des Service for Cause, wie in Abschnitt 4 definiert, aufgehoben. D) Rückzahlung. Der Teilnehmer erklärt sich damit einverstanden, dass diese Vergabevereinbarung einer Politik unterliegt, die der Ausschuss von Zeit zu Zeit in Bezug auf die Rückzahlung der nach diesem Vertrag gewährten Leistungen einschließlich der Rückzahlungspolitik annehmen kann. 3. Übung. Für die Ausübung der Option in Bezug auf einen begebenen Anteil haben Sie die Gesellschaft schriftlich zu benachrichtigen, entweder an den Hauptsitz des Unternehmens oder über das Internet über ETrade (den Broker des Unternehmens146s) bei etrade. Keine Aktien werden nach einer Ausübung einer Option ausgeliefert, solange nicht die volle Zahlung des Ausübungspreises vorliegt. Zum Zeitpunkt der Ausübung müssen Sie der Gesellschaft den Ausübungspreis (wie in der Bekanntmachung über die Gewährung des Zuschusses angegeben) bis zu der Anzahl der Aktien, für die die Option ausgeübt wird, zahlen. Solche Zahlungen können in bar oder gleichwertig erfolgen, oder, wenn sie vom Ausschuss zugelassen werden, (i) durch den Austausch von Aktien, die Sie seit mindestens sechs Monaten besessen haben (oder für den Zeitraum, (Ii) durch eine von der Gesellschaft genehmigte Vereinbarung mit einem Broker, wobei die Zahlung des Ausübungspreises mit dem Erlös aus der Veräußerung von Aktien oder (iii) bis zum Erwerb der Aktie erfolgt Eine Kombination aus dem Vorgenannten, vorausgesetzt, dass der kombinierte Wert aller flüssigen Mittel und der Marktwert einer der Gesellschaft geschuldeten Aktie, die zum Zeitpunkt dieses Angebots bewertet wurde, mindestens dem Ausübungspreis des Teils entspricht Der Option ausgeübt wird. 4. Ablauf der Option. Die Option erlischt und ist nicht ausübbar, wenn ein Teil der Optionsrechte nicht ausgeübt worden ist, und zwar erst, wenn a) der zehnte Jahrestag des Finanzierungszeitpunkts (b) neunzig (90 ) Tage nach dem Wirksamwerden einer Beendigung der Dienstleistung an die Gesellschaft oder einer Tochtergesellschaft oder zu einem späteren Zeitpunkt, den der Ausschuss aus irgendeinem anderen Grund als dem Tod, der Pensionierung oder der Invalidität oder der Kündigung wegen (wie nachstehend definiert) C) Zwölf (12) Monate nach Ihrer Beendigung der Dienstleistung an die Gesellschaft oder eine Tochtergesellschaft, wenn diese Beendigung des Dienstes auf Ihren Tod oder eine Invalidität zurückzuführen ist, oder (d) dem früheren (i) dem zehnten Jahrestag des Datums der Gewährung, Und (ii) der erste Jahrestag Ihres Todes, für alle Optionen, die Sie in Ihrem Ruhestand halten. Nach dem Tode kann jede ausübbare Erfüllungsmöglichkeit am Tag des Todes von Ihrem Vermögen oder von einer Person ausgeübt werden, die das Recht hat, diese Option durch Erbschaft oder Erbfolge oder aufgrund Ihres Todes auszuüben, sofern diese kürzer stattfindet Der Restlaufzeit der Option und zwölf Monate nach dem Tag des Todes. Unbeschadet anders lautender Bestimmungen des Plans oder dieser Vereinbarung erlöschen alle Optionen, sobald Ihre Dienstleistung beendet ist, nach Ablauf dieser Kündigung, und zwar unabhängig davon, ob diese Optionen ausübbar oder ausübbar sind. Ursache ist definiert als Ihre (i) vorsätzliche Nichterfüllung wesentlicher Pflichten (ii) vorsätzliches oder schwerwiegendes Fehlverhalten, das eine wesentliche Schädigung des Unternehmens oder eine Reputation eines Arbeitgebers verursacht hat oder vernünftigerweise zu einer solchen Verletzung führen könnte (Iv) Verstöße gegen einen schriftlichen Vertrag oder eine Vereinbarung mit einem Arbeitgeber, jede materielle schriftliche Geschäftspolitik Ihres Arbeitgebers oder einen Verhaltenskodex oder einen Verhaltenskodex von Arbeitgeber oder einen Ethikkodex oder V) mangelnde Kooperation mit einem Arbeitgeber bei internen Untersuchungen oder Verwaltungs-, Regulierungs - oder Gerichtsverfahren. Darüber hinaus gilt Ihre Dienstleistung als Ursache beendet, wenn nach der Beendigung Ihres Dienstes (aus einem anderen Grund als Ursache) Tatsachen und Umstände entdeckt wurden, die eine Kündigung begründet haben, weil Ihre Optionen ebenfalls sofort verfällt und Die gemäß Ziffer 7 unter Verstoß gegen die Bestimmungen in Ziffer 7 aufgehoben werden. 5. Steuerabzug. Der Arbeitgeber ist berechtigt, von allen Beträgen, die Ihnen in bar (ob im Rahmen des Plans oder auf andere Weise) gezahlt werden, jegliche gesetzlich vorgeschriebene Summe für etwaige Prämien im Rahmen des Plans, die nach Auffassung des Arbeitgebers erforderlich sein können, abzuziehen Die nach den Gesetzen eines Landes, eines Staates, einer Provinz, einer Stadt oder einer anderen Gerichtsbarkeit anwendbar sind, einschliesslich, aber nicht beschränkt auf Einkommensteuern, Kapitalgewinnsteuern, Transfersteuern und Sozialversicherungsbeiträgen, die gesetzlich vorgeschrieben sind . Im Falle von Zahlungen in Form von Aktien, nach dem Ermessen des Ausschusses, müssen Sie entweder dem Arbeitgeber die Höhe der Steuern zahlen, die erforderlich sind, um in Bezug auf diesen Bestand einbehalten zu werden, oder anstelle des Arbeitgebers Ist berechtigt, die Anzahl der Aktien, deren beizulegender Marktwert dem Betrag entspricht, zurückzuerhalten (oder Ihnen die Möglichkeit zur Angebotsauswahl angeboten werden kann) zu verweigern. 6. Übertragung der Option. Die Option ist nicht übertragbar, außer in Übereinstimmung mit den Bestimmungen des Plans. 7. Covenants nicht zu offenbaren, konkurrieren oder Solicit. (A) Sie erkennen an, dass (i) die Gesellschaft in einem fortlaufenden Programm für Forschung, Entwicklung und Produktion tätig ist, das ihr Geschäft in den gesamten Vereinigten Staaten ausübt (das Vorstehende sowie alle anderen Geschäfte, in denen die Gesellschaft von dem Datum an bis zum Datum der Beendigung Ihres Arbeitsverhältnisses mit der Gesellschaft und ihren Tochtergesellschaften als 147Unternehmensgeschäft148) (ii) Ihre Arbeit für und Stellung bei der Gesellschaft und oder einer ihrer Tochtergesellschaften hat Ihnen erlaubt, Ihnen auch weiterhin Zugang zu Geschäftsgeheimnissen zu gewähren (Iii) das Unternehmen ist national und international im Geltungsbereich (iv) die Gesellschaft würde nicht zugestimmt haben, Ihnen diesen Preis zu gewähren, sondern für die in diesem Vertrag enthaltenen Vereinbarungen und Vereinbarungen und (v) die Vereinbarungen Und die in diesem Abkommen enthaltenen Vereinbarungen sind für den Schutz der Geschäfts - und Firmenwerte sowie der Kundenbeziehungen notwendig und wesentlich, die das Unternehmen und seine Tochtergesellschaften für die Entwicklung erheblicher Mittel eingesetzt haben. Die Gesellschaft erklärt sich damit einverstanden und erkennt an, dass sie Ihnen am oder nach dem Datum eine oder mehrere der folgenden Möglichkeiten bietet: (a) die Berechtigung zum Zugriff auf vertrauliche Informationen über ein neues Computerpasswort oder auf andere Weise, (b) eine Vertretungsberechtigung Die Gesellschaft in Verbindung mit Kunden und anderen Dritten, um den Geschäfts - oder Firmenwert des Unternehmens im Einklang mit den allgemein gültigen Unternehmensrichtlinien zu fördern, und (c) den Zugang zur Teilnahme an bestimmten Sitzungen, Konferenzen oder Schulungen mit eingeschränktem Zugang zu Ihrer Position bei der Gesellschaft. Sie verstehen und stimmen zu, dass, wenn vertrauliche Informationen im Wettbewerb gegen die Gesellschaft verwendet wurden, die Gesellschaft ernsten Schaden erleiden und der Konkurrent einen einzigartigen Vorteil gegen die Gesellschaft haben würde. (B) Für die Zwecke dieses Abkommens sind 147 Vertrauliche Informationen 148 alle Geschäftsunterlagen, Geschäftsgeheimnisse, Know-how, Kundenlisten oder - zusammenstellungen, Bedingungen der Kundenvereinbarungen, Bezugsquellen, Preis - oder Kosteninformationen, Finanzinformationen oder Personaldaten Und sonstige vertrauliche oder geschützte Informationen, die von Ihnen im Rahmen Ihrer Beschäftigung bei der Gesellschaft oder einer Tochtergesellschaft erworben wurden, vorausgesetzt, dass der Begriff "Informationen" 148 keine Informationen enthält, die (i) öffentlich zugänglich sind oder werden, außer als Ergebnis einer Offenlegung Die durch diese Vereinbarung oder durch andere gesetzliche, vertragliche oder treuhänderische Verpflichtungen verboten sind, die Sie der Gesellschaft oder einer Tochtergesellschaft schulden können, oder (ii) in einer oder mehreren der Branchen, in denen die Gesellschaft oder eine Tochtergesellschaft bekannt ist, bekannt ist Oder Sie nachweisen können, dass Sie vor dem Erwerb eines Mitarbeiters der Gesellschaft oder einer Tochtergesellschaft anderweitig bekannt waren, oder (iii) Ihnen auf nicht vertraulicher Basis von einer Quelle (außer der Gesellschaft oder einer Tochtergesellschaft) zur Verfügung gestellt wird oder wird Einschließlich jeglicher Arbeitnehmer davon), die nicht daran gehindert ist, diese Informationen durch eine rechtliche, vertragliche oder treuhänderische Verpflichtung gegenüber der Gesellschaft oder einer Tochtergesellschaft zu offenbaren. Sie erklären sich damit einverstanden, dass Sie nicht vertrauenswürdige Informationen nutzen oder vertrauliche Informationen offenlegen und erklären sich damit einverstanden, dass Sie bei Beendigung Ihres Arbeitsverhältnisses (oder früher, falls dies gewünscht wird) alle in Ihrem Besitz befindlichen oder kontrollierten, materiellen und immateriellen Vermögenswerte behalten und zurücksenden , Die vertrauliche Informationen enthält. Sie erklären sich ferner damit einverstanden, keine Kopien dieser Unterlagen ohne schriftliche Genehmigung eines ordnungsgemäß bevollmächtigten Beauftragten der Gesellschaft zu führen oder aufzubewahren. (C) Nebenstehendes und dieser Auszeichnung erklären Sie sich damit einverstanden, dass Sie während der Dauer Ihres Arbeitsverhältnisses mit der Gesellschaft oder einer Tochtergesellschaft und für einen Zeitraum von zwei Jahren (nach Ablauf der Frist 148) nicht direkt oder indirekt, individually or on behalf of any person or entity other than the Company or any of its Subsidiaries: (i) Provide Competing Services (as defined below) to any company or business (other than the Company or any Subsidiary) engaged primarily in the manufacture, distribution, sale or marketing of any of the Relevant Products (as defined below) in the Relevant Market Area (as defined below) (ii) Approach, consult, solicit business from, or contact or otherwise communicate, directly or indirectly, in any way with any Customer (as defined below) in an attempt to (1) divert business from, or interfere with any business relationship of the Company or any of its Subsidiaries, or (2) convince any Customer to change or alter any of such Customer146s existing or prospective contractual terms and conditions with the Company or any Subsidiary or (iii) Solicit, induce, recruit or encourage, either directly or indirectly, any employee of the Company or any Subsidiary to leave his or her employment with the Company or any Subsidiary or employ or offer to employ any employee of the Company or any Subsidiary. For the purposes of this section, an employee of the Company or any Subsidiary shall be deemed to be an employee of the Company or any Subsidiary while employed by the Company and for a period of sixty (60) days thereafter. (d) For purposes of this Agreement, the following terms shall have the meanings indicated: (i) to provide 147 Competing Services 148 means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director, manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products. (ii) 147 Customer 148 means any and all persons or entities who purchased any Relevant Product from the Company or any Subsidiary during the term of your employment with the Company or any Subsidiary and as to whom, within the course of the last two (2) years of your employment with the Company or any Subsidiary, (a) you or someone under your supervision had contact andor (b) you received or had access to Confidential Information. (iii) 147 Relevant Product(s) 148 means (i) milk or milk-based beverages, (ii) creams, (iii) dairy or other non-dairy coffee creamers or other coffee whiteners, (iv) ice cream or ice cream novelties, (v) ice cream mix, (vi) cultured dairy products, (vii) soy milk or any other soy-based beverage or cultured soy product, (viii) organic dairy products (including milk, cream and cultured dairy products) or organic juice, andor (ix) any other product not listed above that was developed or sold by the Company or a Subsidiary in the course of the last two years of your employment with the Company or any Subsidiary. (iv) 147 Relevant Market Area 148 means the counties (or county equivalents) in the United States where the Company does business that you assist in providing services to andor receive Confidential Information about in the two year period preceding the termination of your employment so long as the Company continues to do business in that geographic market area during the Restricted Period. (e) Notwithstanding the foregoing, (1) the restrictions of subsection 7(a) above shall not prohibit your employment with a non-competing, independently operated subsidiary, division, or unit of a diversified company (even if other separately operated portions of the diversified company are involved in Relevant Products) if in advance of your providing any services, you and the diversified company that is going to employ you both provide the Company with written assurances that are satisfactory to the Company establishing that (a) the entity, subsidiary, division, or unit of the diversified business that you are going to be employed in is not involved in Relevant Products or preparing to become involved in Relevant Products, and (b) your position will not involve Competing Services of any kind, and (2) you are not prohibited from owning, either of record or beneficially, not more than five percent (5) of the shares or other equity of any publicly traded company. Your obligation under this Section 7 shall survive the vesting or forfeiture of your Options andor the exercise of the Options. (f) Any breach of any provision of this Section 7 will result in immediate and complete forfeiture of your unvested and vested but unexercised Options. In addition, you hereby agree that if you violate any provision of this Section 7, the Company will be entitled to injunctive relief, specific performance, or such other legal and equitable relief as is needed to prevent or enjoin any violation of the provisions of this Agreement in addition to and not to the exclusion of any other remedy that may be allowed by law for damages experienced prior to the issuance of injunctive relief. You also agree that, if you are found to have breached any of the time-limited covenants in this Section 7, the time period during which you are subject to such covenant shall be extended by one day for each day you are found to have violated such restriction, up to a maximum of two years. (g) You acknowledge that you have given careful consideration to the restraints imposed by this Agreement, and you fully agree that they are necessary for the reasonable and proper protection of the business of the Company and its Subsidiaries. The restrictions set forth herein shall be construed as a series of separate and severable covenants. You agree that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period, and geographical area. Except as expressly set forth herein, the restraints imposed by this Agreement shall continue during their full time periods and throughout the Relevant Market Area set forth in this Agreement. (h) You stipulate and agree that one of the purposes of this Agreement is to fully resolve and bring finality to any concerns over the enforceability of the Restrictive Covenants. You also stipulate and agree that (a) the enforceability of the Restrictive Covenants and (b) the Company146s agreement herein to provide you with the Options are mutually dependent clauses and obligations without which this Agreement would not be made by the parties. Accordingly, you agree not to sue otherwise pursue a legal claim to set aside or avoid enforcement of the Restrictive Covenants. And, in the event that you or any other party pursues a legal challenge to the enforceability of any material provision of the restrictions in Section 7 of this Agreement and a material provision is found unenforceable by a court of law or other legally binding authority such that you are no longer bound by a material provision of Section 7, then (1) your unvested and vested but unexercised Options shall be forfeited and (2) you hereby agree that you will return to the Company any shares that you received upon exercise of any Options (147Shares148), or, if you no longer own the Shares, an amount in cash equal to the fair market value of any such Shares on the date they were issued to you (less any taxes paid by you). The foregoing is not intended as a liquidated damage remedy but is instead a return-of-gains and contractual recission remedy due to the mutual dependent nature of the subject provisions in the Agreement. (i) If any of the Restrictive Covenants are deemed unenforceable as written, you and the Company expressly authorize the court to revise, delete, or add to the restrictions contained in this Section 7 to the extent necessary to enforce the intent of the parties and to provide the goodwill, Confidential Information, and other business interests of the Company and its Subsidiaries with effective protection. And, in the event that such reformation of the restriction is acceptable to the Company, then the forfeiture and rescission (return of gain) remedies provided for in subsection 7(h) above shall not apply. (j) The provisions of this Section 7 are not intended to override, supercede, reduce, modify or affect in any manner any other non-competition or non-solicitation agreement between you and the Company or any Subsidiary, and instead are intended to supplement any such agreements. 8. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 9. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 10. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . Except as otherwise expressly provided for herein in Section 7 above, if any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . Except as otherwise provided for in Section 7 above, this Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT 2011 NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT (the 147 Agreement 148), effective as of the date indicated on the Notice of Grant delivered herewith (the 147 Notice of Grant 148), is made and entered into by and between Dean Foods Company, a Delaware corporation (the 147 Company 148), and the individual named on the Notice of Grant (147 you 148). WHEREAS, the Board of Directors of the Company has adopted and approved the Dean Foods Company 2007 Stock Incentive Plan (the 147 Plan 148), which was approved as required by the Company146s stockholders and provides for the grant of non-qualified stock options (147 Options 148) and other forms of stock-based compensation to certain Employees and non-employee Directors of the Company and its Subsidiaries (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan) and WHEREAS, during your employment, and based upon your position with the Company andor its Subsidiaries, you have acquired and will continue to acquire, by reason of your position, substantial knowledge of the operations and practices of the business of the Company and WHEREAS, the Company desires to assure that, to the extent and for the period of your service and for a reasonable period thereafter, it may maintain the confidentiality of its trade secrets and proprietary information, and protect goodwill and other legitimate business interests, each of which could be compromised if any competitive business were to secure your services and WHEREAS, the Options and other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended and WHEREAS, the Committee has selected you to participate in the Plan and has awarded the Option described in this Agreement and Notice of Grant to you and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the Option. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby agree as follows: 1. Grant of Option . The Company hereby grants to you and you hereby accept, effective as of the date shown on the Notice of Grant (the 147 Date of Grant 148), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, an Option to purchase all or any portion of the number of shares shown on the Notice of Grant for the per share price shown on the Notice of Grant (the 147 Exercise Price 148). You must accept this Option Award in the manner designated by the Company in the Notice of Grant (e. g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d), 4 and 7 hereof, this Award of Options is irrevocable and is intended to conform in all respects with the Plan. (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the Option shall vest ratably with respect to the underlying shares of Stock in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. (b) Accelerated Vesting . (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, all unvested Options you held at the time of such termination will vest in full at the date of such termination. For purposes of this Agreement, 147 Retirement 148 shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach (i) age fifty-five (55), so long as you shall also have completed at least ten (10) years of continuous service immediately prior to your retirement, or (ii) age sixty-five (65). 147 Disability 148 shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). (2) In addition to the vesting provisions contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, your Options will automatically and immediately vest in full upon a Change in Control. (c) Forfeiture of Unvested Options. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other than Death, Disability or Retirement during the Restriction period, any unvested Options you held will be forfeited and canceled as of the date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised Options shall in all events be immediately forfeited and cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. (d) Repayment . Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including 147clawback148 policies. 3. Exercise . In order to exercise the Option with respect to any vested portion, you must notify the Company in writing, either sent to the Corporate Secretary146s attention at the Company146s principal office or via the internet through ETrade (the Company146s plan broker) at etrade . No Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefore is received by the Company. At the time of exercise, you must pay to the Company the exercise price (as set forth on the Notice of Grant) times the number of vested shares for which the Option is being exercised. Such payment may be made in cash or its equivalent or, if permitted by the Committee, (i) by exchanging shares of Stock you have owned for at least six months (or for such greater or lesser period as the Committee may determine from time to time) and which are not the subject of any pledge or other security interest, (ii) through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Stock or (iii) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the fair market value of any Stock tendered to the Company, valued as of the date of such tender, is at least equal to such exercise price of the portion of the Option being exercised. 4. Expiration of Option . The Option shall expire, and shall not be exercisable with respect to any vested portion as to which the Option has not been exercised, on the first to occur of: (a) the tenth anniversary of the Date of Grant (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than death, Retirement or Disability, or termination for Cause (as defined below) (c) Twelve (12) months following your termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability or (d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any Options you hold upon your Retirement. Upon your death, any vested Option exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise such Option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining option term of the Option and twelve months after the date of your death. Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is terminated for Cause, then all Options shall terminate and be canceled immediately upon such termination, regardless of whether such Options are vested or exercisable. Cause is defined as your (i) willful failure to perform substantially your duties (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in, material injury to the business or reputation of an Employer (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony (iv) breach of any written covenant or agreement with an Employer, any material written policy of your Employer or any Employer146s code of conduct or code of ethics or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition, your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. Your Options will also be immediately forfeited and cancelled in accordance with Section 7 upon your breach of the provisions set forth in Section 7. 5. Tax Withholding . The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. In the case of payments of awards in the form of Stock, at the Committee146s discretion, you will be required to either pay to the Employer the amount of any taxes required to be withheld with respect to such Stock or, in lieu thereof, the Employer shall have the right to retain (or you may be offered the opportunity to elect to tender) the number of shares of Stock whose fair market value equals such amount required to be withheld. 6. Transfer of Option . The Option is not transferable except in accordance with the provisions of the Plan. 7. Covenants Not to Disclose, Compete or Solicit . (a) You acknowledge that (i) the Company is engaged in a continuous program of research, development and production respecting its business throughout the United States (the foregoing, together with any other businesses in which the Company engages from the date hereof to the date of the termination of your employment with the Company and its Subsidiaries as the 147Company Business148) (ii) your work for and position with the Company andor one of its Subsidiaries has allowed you, and will continue to allow you, access to trade secrets of, and Confidential Information concerning the Company Business (iii) the Company Business is national and international in scope (iv) the Company would not have agreed to grant you this Award but for the agreements and covenants contained in this Agreement and (v) the agreements and covenants contained in this Agreement are necessary and essential to protect the business, goodwill, and customer relationships that Company and its Subsidiaries have expended significant resources to develop. The Company agrees and acknowledges that, on or following the date hereof, it will provide you with one or more of the following: (a) authorization to access Confidential Information through a new computer password or by other means, (b) authorization to represent the Company in communications with customers and other third parties to promote the goodwill of the business in accordance with generally applicable Company policies and (c) access to participate in certain restricted access meetings, conferences or training relating to your position with the Company. You understand and agree that if Confidential Information were used in competition against the Company, the Company would experience serious harm and the competitor would have a unique advantage against the Company. (b) For purposes of this Agreement, 147 Confidential Information 148 shall mean all business records, trade secrets, know-how, customer lists or compilations, terms of customer agreements, sources of supply, pricing or cost information, financial information or personnel data and other confidential or proprietary information used andor obtained by you in the course of your employment with the Company or any Subsidiary provided that the term 147Confidential Information148 will not include information which (i) is or becomes publicly available other than as a result of a disclosure by you which is prohibited by this agreement or by any other legal, contractual or fiduciary obligation that you may owe to the Company or any Subsidiary, or (ii) is widely known within one or more of the industries in which the Company or any Subsidiary operates, or you can demonstrate was otherwise known to you prior to becoming an employee of the Company or any Subsidiary, or (iii) is or becomes available to you on a non-confidential basis from a source (other than the Company or any Subsidiary, including any employee thereof) that is not prohibited from disclosing such information to you by a legal, contractual or fiduciary obligation to the Company or any Subsidiary. You agree not to engage in unauthorized use or disclosure of Confidential Information, and agree that upon termination of your employment (or earlier if so requested) you will preserve and return to the Company any and all records in your possession or control, tangible and intangible, containing any Confidential Information. You further agree not to keep or retain any copies of such records without written authorization from a duly authorized officer of the Company covering the specific item retained. (c) Ancillary to the foregoing and this Award, you hereby agree that, during the term of your employment with the Company or any Subsidiary and for a period of two years thereafter (the 147Restricted Period148), you will not, directly or indirectly, individually or on behalf of any person or entity other than the Company or any of its Subsidiaries: (i) Provide Competing Services (as defined below) to any company or business (other than the Company or any Subsidiary) engaged primarily in the manufacture, distribution, sale or marketing of any of the Relevant Products (as defined below) in the Relevant Market Area (as defined below) (ii) Approach, consult, solicit business from, or contact or otherwise communicate, directly or indirectly, in any way with any Customer (as defined below) in an attempt to (1) divert business from, or interfere with any business relationship of the Company or any of its Subsidiaries, or (2) convince any Customer to change or alter any of such Customer146s existing or prospective contractual terms and conditions with the Company or any Subsidiary or (iii) Solicit, induce, recruit or encourage, either directly or indirectly, any employee of the Company or any Subsidiary to leave his or her employment with the Company or any Subsidiary or employ or offer to employ any employee of the Company or any Subsidiary. For the purposes of this section, an employee of the Company or any Subsidiary shall be deemed to be an employee of the Company or any Subsidiary while employed by the Company and for a period of sixty (60) days thereafter. (d) For purposes of this Agreement, the following terms shall have the meanings indicated: (i) to provide 147 Competing Services 148 means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director, manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products. (ii) 147 Customer 148 means any and all persons or entities who purchased any Relevant Product from the Company or any Subsidiary during the term of your employment with the Company or any Subsidiary and as to whom, within the course of the last two (2) years of your employment with the Company or any Subsidiary, (a) you or someone under your supervision had contact andor (b) you received or had access to Confidential Information. (iii) 147 Relevant Product(s) 148 means (i) milk or milk-based beverages, (ii) creams, (iii) dairy or other non-dairy coffee creamers or other coffee whiteners, (iv) ice cream or ice cream novelties, (v) ice cream mix, (vi) cultured dairy products, (vii) soy milk or any other soy-based beverage or cultured soy product, (viii) organic dairy products (including milk, cream and cultured dairy products) or organic juice, andor (ix) any other product not listed above that was developed or sold by the Company or a Subsidiary in the course of the last two years of your employment with the Company or any Subsidiary. (iv) 147Relevant Market Area148 means the counties (or county equivalents) in the United States where the Company does business that you assist in providing services to andor receive Confidential Information about in the two year period preceding the termination of your employment so long as the Company continues to do business in that geographic market area during the Restricted Period. (e) Notwithstanding the foregoing, (1) the restrictions of subsection 7(a) above shall not prohibit your employment with a non-competing, independently operated subsidiary, division, or unit of a diversified company (even if other separately operated portions of the diversified company are involved in Relevant Products) if in advance of your providing any services, you and the diversified company that is going to employ you both provide the Company with written assurances that are satisfactory to the Company establishing that (a) the entity, subsidiary, division, or unit of the diversified business that you are going to be employed in is not involved in Relevant Products or preparing to become involved in Relevant Products, and (b) your position will not involve Competing Services of any kind, and (2) you are not prohibited from owning, either of record or beneficially, not more than five percent (5) of the shares or other equity of any publicly traded company. Your obligation under this Section 7 shall survive the vesting or forfeiture of your Options andor the exercise of the Options. (f) Any breach of any provision of this Section 7 will result in immediate and complete forfeiture of your unvested and vested but unexercised Options. In addition, you hereby agree that if you violate any provision of this Section 7, the Company will be entitled to injunctive relief, specific performance, or such other legal and equitable relief as is needed to prevent or enjoin any violation of the provisions of this Agreement in addition to and not to the exclusion of any other remedy that may be allowed by law for damages experienced prior to the issuance of injunctive relief. You also agree that, if you are found to have breached any of the time-limited covenants in this Section 7, the time period during which you are subject to such covenant shall be extended by one day for each day you are found to have violated such restriction, up to a maximum of two years. (g) You acknowledge that you have given careful consideration to the restraints imposed by this Agreement, and you fully agree that they are necessary for the reasonable and proper protection of the business of the Company and its Subsidiaries. The restrictions set forth herein shall be construed as a series of separate and severable covenants. You agree that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period, and geographical area. Except as expressly set forth herein, the restraints imposed by this Agreement shall continue during their full time periods and throughout the Relevant Market Area set forth in this Agreement. (h) You stipulate and agree that one of the purposes of this Agreement is to fully resolve and bring finality to any concerns over the enforceability of the Restrictive Covenants. You also stipulate and agree that (a) the enforceability of the Restrictive Covenants and (b) the Company146s agreement herein to provide you with the Options are mutually dependent clauses and obligations without which this Agreement would not be made by the parties. Accordingly, you agree not to sue otherwise pursue a legal claim to set aside or avoid enforcement of the Restrictive Covenants. And, in the event that you or any other party pursues a legal challenge to the enforceability of any material provision of the restrictions in Section 7 of this Agreement and a material provision is found unenforceable by a court of law or other legally binding authority such that you are no longer bound by a material provision of Section 7, then (1) your unvested and vested but unexercised Options shall be forfeited and (2) you hereby agree that you will return to the Company any shares that you received upon exercise of any Options (147Shares148), or, if you no longer own the Shares, an amount in cash equal to the fair market value of any such Shares on the date they were issued to you (less any taxes paid by you). The foregoing is not intended as a liquidated damage remedy but is instead a return-of-gains and contractual recission remedy due to the mutual dependent nature of the subject provisions in the Agreement. (i) If any of the Restrictive Covenants are deemed unenforceable as written, you and the Company expressly authorize the court to revise, delete, or add to the restrictions contained in this Section 7 to the extent necessary to enforce the intent of the parties and to provide the goodwill, Confidential Information, and other business interests of the Company and its Subsidiaries with effective protection. And, in the event that such reformation of the restriction is acceptable to the Company, then the forfeiture and rescission (return of gain) remedies provided for in subsection 7(h) above shall not apply. (j) The provisions of this Section 7 are not intended to override, supercede, reduce, modify or affect in any manner any other non-competition or non-solicitation agreement between you and the Company or any Subsidiary, and instead are intended to supplement any such agreements. 8. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 9. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 10. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . Except as otherwise expressly provided for herein in Section 7 above, if any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . Except as otherwise provided for in Section 7 above, this Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT (the 147 Agreement 148), effective as of the date indicated on the Notice of Grant delivered herewith (the 147 Notice of Grant 148), is made and entered into by and between Dean Foods Company, a Delaware corporation (the 147 Company 148), and the individual named on the Notice of Grant (147 you 148). WHEREAS, the Compensation Committee of the Board of Directors of the Company (the 147Committee148) has approved the grant of inducement grants, pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual, and this Award is intended to be an inducement grant and WHEREAS, to the extent permitted by applicable law and to the extent not inconsistent with this Agreement, this grant shall be interpreted by reference to the terms and conditions of the Dean Foods Company 2007 Stock Incentive Plan (the 147 Plan 148), (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan) and WHEREAS, notwithstanding the foregoing, the parties hereto acknowledge that this award has not been granted under the Plan and WHEREAS, the Options and other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended and WHEREAS, the Committee has selected you to participate in the Plan and has awarded the Option described in this Agreement and Notice of Grant to you and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the Option. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby agree as follows: 1. Grant of Option . The Company hereby grants to you and you hereby accept, effective as of the date shown on the Notice of Grant (the 147 Date of Grant 148), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, an Option to purchase all or any portion of the number of shares shown on the Notice of Grant for the per share price shown on the Notice of Grant (the 147 Exercise Price 148). You must accept this Option Award in the manner designated by the Company in the Notice of Grant (e. g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d) and 4 hereof, this Award of Options is irrevocable. (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the Option shall vest ratably with respect to the underlying shares of Stock in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. (b) Accelerated Vesting . (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, all unvested Options you held at the time of such termination will vest in full at the date of such termination. For purposes of this Agreement, 147 Retirement 148 shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach (i) age fifty-five (55), so long as you shall also have completed at least ten (10) years of continuous service immediately prior to your retirement, or (ii) age sixty-five (65). 147 Disability 148 shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). (2) In addition to the vesting provisions contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, your Options will automatically and immediately vest in full upon a Change in Control. (c) Forfeiture of Unvested Options. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other than Death, Disability or Retirement during the Restriction period, any unvested Options you held will be forfeited and canceled as of the date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised Options shall in all events be immediately forfeited and cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. (d) Repayment . Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including 147clawback148 policies. 3. Exercise . In order to exercise the Option with respect to any vested portion, you must notify the Company in writing, either sent to the Corporate Secretary146s attention at the Company146s principal office or via the internet through ETrade (the Company146s plan broker) at etrade . No Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefore is received by the Company. At the time of exercise, you must pay to the Company the exercise price (as set forth on the Notice of Grant) times the number of vested shares for which the Option is being exercised. Such payment may be made in cash or its equivalent or, if permitted by the Committee, (i) by exchanging shares of Stock you have owned for at least six months (or for such greater or lesser period as the Committee may determine from time to time) and which are not the subject of any pledge or other security interest, (ii) through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Stock or (iii) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the fair market value of any Stock tendered to the Company, valued as of the date of such tender, is at least equal to such exercise price of the portion of the Option being exercised. 4. Expiration of Option . The Option shall expire, and shall not be exercisable with respect to any vested portion as to which the Option has not been exercised, on the first to occur of: (a) the tenth anniversary of the Date of Grant (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than death, Retirement or Disability, or termination for Cause (as defined below) (c) Twelve (12) months following your termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability or (d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any Options you hold upon your Retirement. Upon your death, any vested Option exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise such Option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining option term of the Option and twelve months after the date of your death. Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is terminated for Cause, then all Options shall terminate and be canceled immediately upon such termination, regardless of whether such Options are vested or exercisable. Cause is defined as your (i) willful failure to perform substantially your duties (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in, material injury to the business or reputation of an Employer (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony (iv) breach of any written covenant or agreement with an Employer, any material written policy of your Employer or any Employer146s code of conduct or code of ethics or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition, your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. 5. Tax Withholding . The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. In the case of payments of awards in the form of Stock, at the Committee146s discretion, you will be required to either pay to the Employer the amount of any taxes required to be withheld with respect to such Stock or, in lieu thereof, the Employer shall have the right to retain (or you may be offered the opportunity to elect to tender) the number of shares of Stock whose fair market value equals such amount required to be withheld. 6. Transfer of Option . The Option is not transferable except in accordance with the provisions of the Plan. 7. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 8. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 9. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . If any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT 2011 NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT (the 147 Agreement 148), effective as of the date indicated on the Notice of Grant delivered herewith (the 147 Notice of Grant 148), is made and entered into by and between Dean Foods Company, a Delaware corporation (the 147 Company 148), and the individual named on the Notice of Grant (147 you 148). WHEREAS, the Board of Directors of the Company has adopted and approved the Dean Foods Company 2007 Stock Incentive Plan (the 147 Plan 148), which was approved as required by the Company146s stockholders and provides for the grant of non-qualified stock options (147 Options 148) and other forms of stock-based compensation to certain Employees and non-employee Directors of the Company and its Subsidiaries (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan) and WHEREAS, the Options and other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended and WHEREAS, the Committee has selected you to participate in the Plan and has awarded the Option described in this Agreement and Notice of Grant to you and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the Option. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby agree as follows: 1. Grant of Option . The Company hereby grants to you and you hereby accept, effective as of the date shown on the Notice of Grant (the 147 Date of Grant 148), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, an Option to purchase all or any portion of the number of shares shown on the Notice of Grant for the per share price shown on the Notice of Grant (the 147 Exercise Price 148). You must accept this Option Award in the manner designated by the Company in the Notice of Grant (e. g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d) and 4 hereof, this Award of Options is irrevocable and is intended to conform in all respects with the Plan. (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the Option shall vest ratably with respect to the underlying shares of Stock in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. (b) Accelerated Vesting . (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, all unvested Options you held at the time of such termination will vest in full at the date of such termination. For purposes of this Agreement, 147 Retirement 148 shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach (i) age fifty-five (55), so long as you shall also have completed at least ten (10) years of continuous service immediately prior to your retirement, or (ii) age sixty-five (65). 147 Disability 148 shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). (2) In addition to the vesting provisions contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, your Options will automatically and immediately vest in full upon a Change in Control. (c) Forfeiture of Unvested Options. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other than Death, Disability or Retirement during the Restriction period, any unvested Options you held will be forfeited and canceled as of the date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised Options shall in all events be immediately forfeited and cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. (d) Repayment . Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including 147clawback148 policies. 3. Exercise . In order to exercise the Option with respect to any vested portion, you must notify the Company in writing, either sent to the Corporate Secretary146s attention at the Company146s principal office or via the internet through ETrade (the Company146s plan broker) at etrade . No Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefore is received by the Company. At the time of exercise, you must pay to the Company the exercise price (as set forth on the Notice of Grant) times the number of vested shares for which the Option is being exercised. Such payment may be made in cash or its equivalent or, if permitted by the Committee, (i) by exchanging shares of Stock you have owned for at least six months (or for such greater or lesser period as the Committee may determine from time to time) and which are not the subject of any pledge or other security interest, (ii) through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Stock or (iii) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the fair market value of any Stock tendered to the Company, valued as of the date of such tender, is at least equal to such exercise price of the portion of the Option being exercised. 4. Expiration of Option . The Option shall expire, and shall not be exercisable with respect to any vested portion as to which the Option has not been exercised, on the first to occur of: (a) the tenth anniversary of the Date of Grant (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than death, Retirement or Disability, or termination for Cause (as defined below) (c) Twelve (12) months following your termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability or (d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any Options you hold upon your Retirement. Upon your death, any vested Option exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise such Option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining option term of the Option and twelve months after the date of your death. Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is terminated for Cause, then all Options shall terminate and be canceled immediately upon such termination, regardless of whether such Options are vested or exercisable. Cause is defined as your (i) willful failure to perform substantially your duties (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in, material injury to the business or reputation of an Employer (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony (iv) breach of any written covenant or agreement with an Employer, any material written policy of your Employer or any Employer146s code of conduct or code of ethics or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition, your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. 5. Tax Withholding . The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. In the case of payments of awards in the form of Stock, at the Committee146s discretion, you will be required to either pay to the Employer the amount of any taxes required to be withheld with respect to such Stock or, in lieu thereof, the Employer shall have the right to retain (or you may be offered the opportunity to elect to tender) the number of shares of Stock whose fair market value equals such amount required to be withheld. 6. Transfer of Option . The Option is not transferable except in accordance with the provisions of the Plan. 7. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 8. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 9. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . If any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT
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