Employee ESOP Plan Rules

EMPLOYEE ESOP PLAN RULES

Company Name: Plan Year/Identifier:

Purpose and Scope

These Employee Stock Ownership Plan Rules (the "Rules") set forth the terms, conditions and administrative procedures governing employee equity allocations, vesting, distribution, transfer restrictions and plan administration under the Employee Stock Ownership Plan (the "Plan") of the Company named above. These Rules are incorporated into the Plan and are binding on all participants to the extent permitted by the Plan document.

Personal & Position Information

Phone:    Email:

Reporting Manager:    Start Date:

Eligibility and Participation

Eligibility for allocation under the Plan is determined by the Plan document. Subject to the Plan, employees who meet the eligibility requirements will be enrolled as Plan Participants on the effective enrollment date.

I acknowledge that I meet the eligibility requirements and elect to participate: Yes    Enrollment Effective Date:

Contributions, Allocations and Valuation

Contributions to the Plan and the method of allocating shares to Participants shall be made in accordance with the Plan document. Allocations may be based on salary, hours, or other objective criteria described in the Plan.

Valuation frequency (per Plan):    Last Valuation Date:

Vesting, Forfeiture and Distribution

Vesting in allocations under the Plan will occur according to the schedule set forth in the Plan document. Forfeiture provisions apply for termination of employment prior to full vesting. Distribution events, form of distribution, and mandatory distribution timing are governed by the Plan and applicable law.

Transfer Restrictions and Voting Rights

Shares allocated under the Plan are subject to transfer restrictions set by the Plan and the Company. Unless otherwise specified in the Plan, Participants shall have or may be limited in voting rights as provided in the Plan or the Company's governing instruments.

Beneficiary Designation

Participant may designate a beneficiary to receive any distributable amounts or shares upon the Participant's death. Designations must be made in the form required by the Plan Administrator.

Relationship:    Beneficiary Contact:

Plan Administration, Amendments & Termination

The Plan Administrator is authorized to interpret the Plan and these Rules, make determinations regarding eligibility, allocations, distributions and valuation, and to adopt administrative procedures consistent with the Plan. The Company may amend or terminate the Plan or these Rules in accordance with the Plan document; amendments will not, however, retroactively reduce vested rights except as permitted by law and the Plan.

Claims, Appeals and Governing Law

Participants may submit claims for benefits or disputes in writing to the Plan Administrator. The Administrator's claim review and appeal procedures shall be conducted in accordance with the Plan. These Rules and the Plan shall be governed by the laws of the applicable jurisdiction as set forth in the Plan document.

Personal Data, Confidentiality and Assignment

Participant authorizes the Company and the Plan Administrator to collect and maintain personal data necessary for Plan administration. Allocations, accounts and rights under the Plan are nonassignable except as permitted by the Plan and applicable law.

Employment History

Dates Employed: From to

Dates Employed: From to

Education

Graduation Date:

Professional References

Legal Disclosures

At-Will Employment: Nothing in these Rules or in any communications regarding the Plan creates a contract guaranteeing employment for any specific period. Employment remains at-will and may be terminated by the Company or the employee at any time, unless otherwise provided in a separate written agreement.

Equal Employment Opportunity: The Company maintains an equal opportunity policy and does not discriminate in Plan participation, allocations or administration on the basis of protected characteristics as defined by applicable law.

Authorization and Background Checks

By initialing and signing below, I authorize the Company and its agents to contact prior employers and references to verify employment history and to obtain background, credit or other checks to the extent permitted by law and relevant to Plan administration and compliance.

Authorization to contact prior employers and conduct background checks: I hereby authorize

Participant Certification

I certify that all information provided on this form is complete and accurate to the best of my knowledge. I acknowledge receipt of a copy of the Plan Rules and understand that continued participation is subject to the Plan document. I agree to be bound by the terms of the Plan and these Rules. I further acknowledge that allocations and distributions are subject to the terms, conditions and administrative determinations set forth in the Plan and these Rules.

I acknowledge the foregoing and consent to the terms and administrative procedures described above: Acknowledged

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