Common use of Equity Plan Adoption Clause in Contracts

Equity Plan Adoption. Effective as of the Distribution, SpinCo shall adopt equity incentive plans (the “SpinCo LTIPs”) that shall permit the issuance of SpinCo Equity Awards as described in this “General Electric Equity and Equity-Based Awards” subsection of Appendix F. Such SpinCo LTIPs shall have substantially the same terms as those of the applicable Plan as of immediately prior to the Distribution under which the corresponding Parent Options, Parent RSUs, Parent PSUs, CEO Parent Performance Shares or CFO Parent PSUs were originally granted. The SpinCo LTIPs shall be approved before the Distribution by Parent as SpinCo’s sole stockholder.

Equity Plan Adoption. Effective as of the Distribution, SpinCo shall adopt equity incentive plans (the “SpinCo LTIPs”) that shall permit the issuance of SpinCo Equity Awards as described in this “General Electric Equity and Equity-Based Awards” subsection of Appendix F. E. Such SpinCo LTIPs shall have substantially the same terms as those of the applicable Plan as of immediately prior to the Distribution under which the corresponding Parent Options, Parent RSUs, Parent PSUs, Parent DLTP Awards and CEO Parent Performance Shares or CFO Parent PSUs were originally granted. The SpinCo LTIPs shall be approved before the Distribution by Parent as SpinCo’s sole stockholder.