Earlier of End of Deferral Period or Termination of Employment. If the Participant elects on the Deferral Election to have the shares underlying the Restricted Stock Unit award and/or Performance Stock Unit award deferred until the earlier of the end of a specified period or Termination of Employment, the shares shall be distributed, or commenced to be distributed, within 30 days of the earlier of the end of specified period or Termination of Employment. Notwithstanding the foregoing, in the event that the Participant is a Specified Employee (as such term is defined in the SERP) and distribution of the shares will be made upon Termination of Employment, distribution, or commencement, shall occur within 30 days following the date that is six months after the date of the Participant’s Termination of Employment.

End of Employment. Employee’s employment relationship with LP will end effective as of 5:00 P.M., Central Time, on May 2, 2024 (“Separation Date”). After the Separation Date, Employee will not represent himself as an employee, agent or representative of LP for any purpose. Employee hereby acknowledges that any and all employment positions, relations, and responsibilities that Employee held with LP in his capacity as an employee of LP will be terminated as of the Separation Date.

"Performance Period" means the period beginning July 1, 2023 and ending at the earlier of the end of the Term (June 30, 2027 if employment continues through that date or earlier upon termination of employment) or the occurrence of a Change in Control.

Period of Deferral. All deferrals shall be until the Outside Director experiences a Separation from Service. For purposes of this Plan, “Separation from Service” shall mean termination of service with A&B as described in section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations promulgated thereunder. Once specified, the date(s) for payment of deferred fees may not be changed.

Six Month Deferral. Notwithstanding anything to the contrary in this Article VII, a payment on account of Termination of Employment may not be made until at least six months after such a Termination of Employment. Any payment otherwise due in such six month period shall be suspended and become payable at the end of such six month period.

If a Participant has a Termination of Employment before the end of the service period for any Bonus, but is still entitled to receive a bonus, the Participant’s existing Bonus deferral election will continue to apply.

The Company hereby agrees to continue the Executive in its or its Affiliated Companies' employ, or both, as the case may be, and the Executive hereby agrees to remain in the employ of the Company, or its Affiliated Companies, or both, as the case may be, subject to the terms of this Agreement, for a period commencing on the Effective Date and ending on the third anniversary of such date (such period or, if shorter, the period from the Effective Date to the Date of Termination, is hereinafter referred to as the "Employment Period").

Separation Date. Executive’s employment at Patterson as Special Advisor will end effective July 31, 2018 (the “Separation Date”). The period between the date of Executive’s execution of this Agreement and the Separation Date or earlier termination date shall be referred to as the “Transition Period.” Executive remains subject to termination for Cause (as defined herein) during the Transition Period.

Continuation as Advisor; Term. Upon the earlier of # the end of the Employment Term as a result of the termination of your employment pursuant to paragraph 10(b) or 10(c), or (ii) the expiration of the Original Employment Term (provided you remained employed and are being paid on [[Organization A:Organization]]’s payroll through the end of the Original Employment Term and there has not occurred a renewal of the Employment Term), unless you elect otherwise by providing written notice to [[Organization A:Organization]], your employment shall continue in a different capacity as a Senior Advisor (an “Advisor”) to the [[Organization B:Organization]] for a period of five years (the “Advisor Period”), subject to earlier termination of the Advisor Period in accordance with this paragraph 12. The Advisor Period may be terminated by # you at any time upon fourteen (14) days’ prior written notice to [[Organization A:Organization]], # [[Organization A:Organization]] for Cause, as determined in accordance with paragraph 10(a), but without regard to clause (v) of such definition, or # by [[Organization A:Organization]] for any other reason. The termination of the Advisor Period pursuant to clauses (i) or (ii) in the preceding sentence is hereinafter referred to as a “Non-Qualifying Termination.” The date on which the Advisor Period commences is hereinafter referred to as the “Commencement Date.” The period beginning on the Commencement Date and ending immediately prior to the fifth anniversary of the Commencement Date, regardless of any earlier termination of the Advisor Period, shall hereinafter be referred to as the “Original Advisor Period.”

Shulman’s employment hereunder shall commence as of August 1, 2023 and shall end at the close of business on July 31, 2026, subject to earlier termination as provided in this Agreement in the event of Shulman’s retirement or permanent disability (the “Term of Employment”). Leave of absence for any period of time authorized by the Board of Directors of the Company shall not be deemed an interruption, cessation or termination of the terms of Shulman’s employment.