Document:

Second Amendment to Loan and Security Agreement dated December 21, 2007

 EXHIBIT 10.38 
 SECOND AMENDMENT 
 TO 
 LOAN AND SECURITY AGREEMENT 
 BETWEEN 
 SAVVIS COMMUNICATIONS CORPORATION 
 AND 
 CISCO SYSTEMS CAPITAL CORPORATION 
 This Second Amendment (the “Amendment”) to the Loan and Security Agreement (the “Agreement”) by and between Cisco Systems Capital Corporation (“Lender”), a Nevada corporation having its
principal place of business at 170 West Tasman Drive, Mailstop SJC-13, 3rd Floor, San Jose, California 95134, and Savvis Communications Corporation, a Missouri corporation (“Borrower”) having its principal place of business at 1 Savvis
Parkway, Town & Country, MO, 63017, is entered into as of the date of December 18, 2007 (the “Effective Date”). Unless expressly provided for herein, capitalized terms not otherwise defined herein have the meanings specified
in the Agreement. 
 WHEREAS, Lender and Borrower have previously entered into the Agreement as of December 18, 2006; 
 WHEREAS, Lender and Borrower have previously amended the Agreement through a First Amendment entered into on July 31, 2007; 
 WHEREAS, Lender and Borrower have agreed to amend the terms of the Agreement under the terms and conditions set forth in this Amendment; 
 NOW WHEREFORE, the parties agree to amend the Agreement as follows: 
  

	 	1.	Section IA shall be deleted and replaced in its entirety with the following text: 

 I. LOANS AND PAYMENT.  
 A. Loans. Subject to the terms and conditions of this Agreement, Lender agrees to make advances (each, a “Loan”) available to Borrower from time to time from and after the Effective Date until the
Availability Termination Date (as defined below) for use by Borrower in the purchase of certain Equipment (as defined below). The aggregate principal amount of the Loans outstanding at any time shall not exceed $33,000,000, and the principal amount
of any Loan shall not exceed the aggregate of (1) the purchase price of the Equipment being financed by such Loan and (2) certain taxes and other costs incurred by Borrower in connection with such purchase, as approved by Lender in its
sole discretion (the “Related Costs”). Amounts repaid on the Loans may not be reborrowed. The proceeds of the Loans shall be used solely to finance the purchase of the Equipment and payment of the Related Costs. “Equipment” means
networking and telecommunications equipment and other related networking and telecommunications goods, spare parts, accessories maintenance, software and services that Cisco Systems, Inc. manufactures, assembles, sells, licenses or provides, either
directly or through any distributor or other reseller or vendor reasonably satisfactory to Cisco Systems, Inc. “Availability Termination Date” means the earliest of (1) December 31, 2008, (2) the date Lender’s
obligation to advance funds is terminated pursuant to Section VI, and (3) the date of indefeasible prepayment in full by Borrower of the Obligations pursuant to the terms of this Agreement. 
 All other terms and conditions of the Agreement remain unchanged and in full force and effect. This Amendment and the Agreement are the complete agreements between the
parties hereto regarding this subject matter. There are no conditions, understandings, agreements, representations, or warranties, expressed or implied, which are not specified herein or therein. In the event of a conflict between the Agreement and
this Amendment, this Amendment will prevail with regard to the subject matter herein. 
  

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 This Agreement may be executed in any number of separate counterparts, each of which shall be an original, but all of
which shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed. Each
party warrants and represents that its respective signatories whose signatures appear below have been and are on the date of signature duly authorized to execute this Amendment. 
  

							
	 LENDER:
 CISCO SYSTEMS CAPITAL CORPORATION

	 		 	 BORROWER:
 SAVVIS COMMUNICATIONS
CORPORATION

				
	/s/ Authorized Signatory	 		 		 	/s/ Jeffrey H. Von Deylen
	Authorized Signature	 		 		 	Authorized Signature
				
	 	 		 		 	Jeffrey H. Von Deylen - CFO
	Name	 		 		 	Name
				
	December 17, 2007	 		 		 	December 18, 2007
	Date	 		 		 	Date

  

 2Potlatch Corporation Management Performance Award Plan II

 Exhibit (10)(r)(iv) 
 POTLATCH CORPORATION 
 MANAGEMENT PERFORMANCE AWARD PLAN II 
 Effective January 1, 2005 
 As
Amended through February 20, 2008 

 POTLATCH CORPORATION 
 MANAGEMENT PERFORMANCE AWARD PLAN II 
 Effective January 1, 2005 
 As Amended through February 20, 2008 
  

	1.	ESTABLISHMENT AND PURPOSE 

  

	 	(a)	The Potlatch Corporation Management Performance Award Plan II (the “Plan”) was adopted effective January 1, 2005, by the Board of Directors of Potlatch Corporation to
provide meaningful financial rewards to those employees of Potlatch Corporation and its subsidiaries who are in a position to contribute to the achievement by Potlatch Corporation and its subsidiaries of significant improvements in profit
performance and growth. 

  

	 	(b)	The Plan is the successor plan to the Potlatch Corporation Management Performance Award Plan (the “Prior Plan”). Effective December 31, 2004, the Prior Plan was
frozen and no new Award deferrals will be made under it; provided, however, that any Award deferrals made under the Prior Plan before January 1, 2005, continue to be governed by the terms and conditions of the Prior Plan as in effect on
December 31, 2004, or on the date of any later amendment, provide that such amendment is not a material modification of the Prior Plan under Section 409A of the Code and the regulations promulgated thereunder. 

  

	 	(c)	Any Award deferrals made under the Prior Plan after December 31, 2004, are deemed to have been made under the Plan and all such deferrals are governed by the terms and
conditions of the Plan as it may be amended from time to time. 

  

	 	(d)	The Plan is intended to comply with the requirements of Section 409A of the Code, to the extent applicable. 

  

	2.	DEFINITIONS 

  

	 	(a)	“Award” means an award under the Plan. 

  

	 	(b)	“Award Year” means a Year with respect to which Awards are made. 

  

	 	(c)	“Board of Directors” means the Board of Directors of Potlatch. 

  

	 	(d)	“CEO” means the Chief Executive Officer of Potlatch. 

  

	 	(e)	“Change of Control” means the effective date of any one of the following events: 

  

	 	(i)	 Upon consummation of a reorganization, merger or consolidation involving Potlatch (a “Business Combination”), in each case, unless, following such
Business Combination, (A) all or substantially all of the individuals 

  

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and entities who were the beneficial owners, respectively, of the then outstanding shares of Common Stock (the “Outstanding Common Stock”) and the
then outstanding voting securities of Potlatch entitled to vote generally in the election of directors (the “Outstanding Voting Securities”) immediately prior to such Business Combination beneficially own, directly or indirectly, more than
fifty percent (50%) of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the corporation resulting from
such Business Combination (including, without limitation, a corporation which as a result of such transaction owns Potlatch either directly or through one or more subsidiaries), (B) no Person (as defined in Section 2(e)(iii) below)
(excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) sponsored or maintained by Potlatch or any direct or indirect wholly owned subsidiary of Potlatch or such other corporation resulting
from such Business Combination) beneficially owns, directly or indirectly, thirty percent (30%) or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined
voting power of the then outstanding voting securities of such corporation except to the extent that such ownership is based on the beneficial ownership, directly or indirectly, of Outstanding Common Stock or Outstanding Voting Securities
immediately prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Board at the time of the execution of the initial
agreement, or of the action of the Board, providing for such Business Combination; or 

  

	 	(ii)	On the date that individuals who, as of May 19, 2006, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to May 19, 2006, whose election, or nomination for election by Potlatch’s stockholders, was approved by a vote of at least a majority of the directors then
comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors, an actual or threatened solicitation of proxies or consents or any other actual or threatened action by, or on behalf of any Person other than the Board; or

  

	 	(iii)	 Upon the acquisition after May 19, 2006, by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of thirty percent (30%) or more of either (A) the then Outstanding
Common Stock or (B) the combined voting power of the 

  

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Outstanding Voting Securities; provided, however, that the following acquisitions shall not be deemed to be covered by this Section 2(e)(iii):
(x) any acquisition of Outstanding Common Stock or Outstanding Voting Securities by Potlatch, (y) any acquisition of Outstanding Common Stock or Outstanding Voting Securities by any employee benefit plan (or related trust) sponsored or
maintained by Potlatch or any direct or indirect wholly owned subsidiary of Potlatch or (z) any acquisition of Outstanding Common Stock or Outstanding Voting Securities by any corporation pursuant to a transaction which complies with clauses
(A), (B) and (C) of Section 2(e)(i); or 

  

	 	(iv)	Upon the consummation of the sale of all or substantially all of the assets of Potlatch or approval by the stockholders of Potlatch of a complete liquidation or dissolution of
Potlatch. 

  

	 	(f)	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(g)	“Committee” means the committee which shall administer the Plan in accordance with Section 3. 

  

	 	(h)	“Corporation” means Potlatch and its Subsidiaries. 

  

	 	(i)	“Employee” means a full-time salaried employee (including any Officer) of the Corporation. 

  

	 	(j)	“Guidelines” means the Potlatch Corporation Stock Ownership Guidelines. 

  

	 	(k)	“Officer” means any Employee who is an elected officer of the Corporation and who is the chief manager of an Organization Unit. 

  

	 	(l)	“Organization Unit” means a major organizational component or profit center of the Corporation as determined in accordance with rules and regulations adopted by the
Committee, the Employees of which are eligible to participate in the Plan. 

  

	 	(m)	“Participant” means any Employee actively employed by the Corporation during an Award Year in an Organization Unit in a position designated as a participating position in
accordance with rules and regulations adopted by the Committee. 

  

	 	(n)	“Plan” means the Potlatch Corporation Management Performance Award Plan II, adopted effective January 1, 2005, as amended through February [DATE], 2008.

  

	 	(o)	“Potlatch” means Potlatch Corporation, a Delaware corporation. 

  

	 	(p)	“Prior Plan” means the Potlatch Corporation Management Performance Award Plan, adopted July 20, 1973. 

  

	 	(q)	 “Separation from Service” means termination of a Participant’s employment as a common-law employee of the Corporation. A Separation from Service will
not 

  

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be deemed to have occurred if a Participant continues to provide services to the Corporation in a capacity other than as an employee and if the Participant
is providing services at an annual rate that is fifty percent (50%) or more of the services rendered, on average, during the immediately preceding three (3) full calendar years of employment with the Corporation (or if employed by the
Corporation less than three (3) years, such lesser period) and the annual remuneration for such services is fifty percent (50%) or more of the annual remuneration earned during the final three (3) full calendar years of employment (or
if less, such lesser period); provided, however, that a Separation from Service will be deemed to have occurred if a Participant’s service with the Corporation is reduced to an annual rate that is less than twenty percent (20%) of the
services rendered, on average, during the immediately preceding three (3) full calendar years of employment with the Corporation (or if employed by the Corporation less than three (3) years, such lesser period) or the annual remuneration
for such services is less than twenty percent (20%) of the annual remuneration earned during the three (3) full calendar years of employment with the Corporation (or if less, such lesser period). 

  

	 	(r)	“Subsidiary” means any corporation fifty percent (50%) or more of the voting stock of which is owned by Potlatch or by one or more of such corporations.

  

	 	(s)	“Year” means the calendar year. 

  

	3.	ADMINISTRATION OF THE PLAN 

 The Plan shall be
administered by the Executive Compensation and Personnel Policies Committee of the Board of Directors, or such other committee as may be designated and appointed by the Board of Directors, which shall consist of at least three (3) members of
the Board of Directors. No member of the Committee shall be eligible to participate and receive Awards under the Plan while serving as a member of the Committee. 
 In addition to the powers and duties otherwise set forth in the Plan, the Committee shall have full power and authority to administer and interpret the Plan, to establish procedures for administering the Plan, to
adopt and periodically review such rules and regulations consistent with the terms of the Plan as the Committee deems necessary or advisable in order to properly carry out the provisions of the Plan, to receive and review an annual report to be
submitted by the CEO which shall describe and evaluate the operation of the Plan, and to take any and all necessary action in connection therewith. The Committee’s interpretation and construction of the Plan and its determination of the amount
of any Award thereunder shall be conclusive and binding on all persons. In making such determinations, the Committee shall be entitled to rely on information and reports provided by the CEO. 
 Within thirty (30) days after a Change of Control, the Committee shall appoint an independent committee consisting of at least three (3) current
(as of the effective date of the Change of Control) or former Corporation officers and directors, which shall thereafter administer all claims for benefits under the Plan. Upon such appointment the Committee shall cease to have any responsibility
for claims administration under the Plan. 
  

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	4.	ELIGIBILITY AND PARTICIPATION 

 In accordance with
rules and regulations adopted by the Committee, the CEO shall designate the Organization Units and the individuals that are eligible to participate in the Plan. 
  

	5.	AWARDS 

 Awards shall be determined in accordance
with Sections 6, 7 and 8 and announced to Participants by March 1 following the close of the Award Year and, unless deferred in accordance with Section 9, shall be paid no later than March 15 following the close of the Award Year.

  

	6.	DETERMINING THE ACTUAL FUNDED BONUS POOL 

 The total
amount of Awards made to all Participants with respect to any Award Year shall be determined pursuant to this Section 6. 
  

	 	(a)	Target Bonus Pool. The Target Bonus Pool for an Award Year shall be determined first. The Target Bonus Pool for an Award Year shall be the sum of the Target Bonuses for all
Participants for the Award Year. A Participant’s Target Bonus shall be an amount equal to a percentage of the Participant’s base salary, based on the position to which the Participant is assigned, as determined in accordance with rules and
regulations adopted by the Committee. If a Participant does not qualify as a Participant for the entire period of the applicable Award Year, the Target Bonus will be prorated to reflect the number of half calendar months that the Employee was a
Participant. 

  

	 	(b)	Actual Funded Bonus Pool. The Actual Funded Bonus Pool for an Award Year shall be determined next. The Actual Funded Bonus Pool for each Award Year shall be determined in
accordance with rules and regulations adopted by the Committee. The Actual Funded Bonus Pool shall be represented by a bookkeeping entry only and no Employee of the Corporation shall have any vested right therein. The Actual Funded Bonus Pool for an
Award Year shall be equal to the Target Bonus Pool for the Award Year adjusted by one or more “Corporate Performance Modifiers”. A Corporate Performance Modifier shall be a percentage determined in accordance with rules and regulations
adopted by the Committee. A Corporate Performance Modifier may range from a minimum of zero to a maximum of two hundred percent (200%). In its rules and regulations concerning the determination of the Corporate Performance Modifiers, the Committee
may take into consideration certain financial measures of profit performance (including, without limitation, funds from operations (“FFO”), consolidated earnings per share, return on shareholder equity, and return on invested capital) and
a comparison of the Corporation’s profit performance with the profit performance of other major competitors. 

  

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	7.	ALLOCATING THE ACTUAL FUNDED BONUS POOL AMONG ORGANIZATION UNITS 

 The Actual Funded Bonus Pool for each Award Year shall be allocated among the Organization Units in accordance with rules and regulations adopted by the Committee. In the case of the Organization Unit that includes
corporate management employees (including the CEO), this allocation shall be based on the portion of the Target Bonus Pool that was attributable to the employees in that Organization Unit. In the case of Organization Units that include operating
division employees, this allocation shall be based on what portion of the Target Bonus Pool was attributable to the employees in each Organization Unit (25% weight), and on the extent to which the division met its earnings before income tax,
depreciation, depletion and amortization (“EBITDDA”) target (75% weight). The resulting allocations may be adjusted up or down at the discretion of the CEO. 
  

	8.	DETERMINING INDIVIDUAL AWARDS 

 Each Officer shall
determine the amount of the Award to each Participant who is assigned to such Officer’s Organization Unit in accordance with rules and regulations adopted by the Committee, by allocating such Organization Unit’s portion of the Actual
Funded Bonus Pool among the Participants employed in such Organization Unit based on the amount of the Participant’s Target Bonus and the Participant’s individual performance. Each Participant’s Award shall be subject to review by and
approval of the CEO. Notwithstanding the foregoing, in the case of an Award to an Officer, the CEO, or any individual who is subject to Section 16 of the Exchange Act , this determination shall be made solely by the Committee. 
  

	9.	FORM AND TIME OF PAYMENT OF AWARDS 

  

	 	(a)	All non-deferred Awards under the Plan shall be paid in cash to all Participants other than those subject to the Guidelines. For a Participant subject to the Guidelines, the Award
shall be paid in a combination of fifty percent (50%) cash and fifty percent (50%) common stock of the Corporation if the Participant has not incrementally reached the required ownership level at the end of each of his or her first five
(5) years under the Guidelines or has not maintained one hundred percent (100%) of the applicable guideline amount in subsequent years. The number of shares of common stock shall be determined by dividing the dollar value of the portion of
the Award allocated as stock by the closing price of the Corporation’s common stock on the date of the Committee meeting at which the Award payments are approved. Award amounts shall be prorated for the portion of the Award Year the Employee
was an eligible Participant in accordance with rules and regulations adopted by the Committee. A Participant whose employment is terminated before the payment of an Award for any reason other than death, disability or early, normal or deferred
retirement under the Salaried Employees’ Retirement Plan shall not be entitled to receive an Award. 

  

	 	(b)       (i)       	Notwithstanding the foregoing, a Participant may elect to defer receipt of payment of a single Award or all future Awards until after his or her Separation from Service in
accordance with rules and regulations adopted by the Committee and in compliance with Section 409A of the Code. 

  

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	 	(ii)	If the payment of the Award would cause the Participant’s annual compensation to exceed the amount deductible by the Corporation pursuant to the application of
Section 162(m) of the Code, the Participant shall be required to defer receipt of the portion of the Award that would be non-deductible in the Award Year until after his or her Separation from Service. 

  

	 	(c)	An Award, the payment of which is deferred under subsection (b) above, shall be converted at the Participant’s election into cash and full and fractional stock units equal
to the number of shares of the Corporation’s common stock determined by dividing the dollar value of the portion of the Award to be converted into stock units, if any, by the closing price of the Corporation’s common stock on the date of
the Committee meeting at which the Award payments are approved (or the most recent trading day if the Committee does not meet on a trading day). If the Award is deferred under subsection (b)(ii) above, the election to defer all or a portion of the
Award into stock units is voluntary, and the Participant is subject to the Corporation’s Securities Law Compliance Policy for Directors, Officers and Employees (the “Trading Policy”), then the portion of the Award to be deferred into
stock units shall be held in cash subject to subsection (d) below and shall be converted into stock units as of the first day of the next open window period (the “Open Conversion Date”) under the Trading Policy, such stock units to be
equal to the number of shares of the Corporation’s common stock determined by dividing the dollar value of the portion of the Award to be converted into stock units by the closing price of the Corporation’s common stock on the Open
Conversion Date. 

 On each dividend payment date, dividend equivalents shall be credited to each full and fractional stock unit
to the extent such stock unit was in the Participant’s deferred account on the dividend record date immediately preceding the applicable dividend payment date. Such dividend equivalents shall be converted into stock units as of the dividend
payment date by dividing the amount of the dividend equivalents by the closing price of the Corporation’s common stock on the dividend payment date. 
 In the event of a change in the number of outstanding shares of the Corporation’s common stock by reason of a stock split, stock dividend, reclassification or other distribution of shares or other similar changes
in the capitalization of the Corporation, an appropriate adjustment shall be made in the number of each Participant’s stock units determined as of the date of such occurrence. 
  

	 	(d)	 The cash portion of an Award, the payment of which was deferred under subsection (b) above, shall be credited with additional amounts during the period of
deferral commencing on the first day of the month coinciding with or next following the date Awards are normally paid pursuant to Section 5 above, and continuing 

  

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during the period of deferral up to the last day of the month in which the amounts deferred hereunder are paid, and payable at the time that the deferred
Awards are paid. Such additional amounts shall be computed at seventy percent (70%) of the higher of the following averages during the period of deferral; (i) the prime rate charged by the major commercial banks as of the first business
day of each calendar month (as reported in an official publication of the Federal Reserve System), or (ii) the average monthly long-term rate of A rated corporate bonds (as published in Moody’s Bond Record), and shall be compounded
annually. Notwithstanding the foregoing, in no event shall such additional amount exceed the maximum interest rate allowable by law. 

  

	 	(e)	Notwithstanding any other provision of the Plan, the Board of Directors may, in its sole discretion, determine limits on the amount and alter the time and form of payment of Awards
with respect to an Award Year if any of the following conditions occurs: (i) Potlatch does not declare cash dividend with respect to its common stock during such Award Year, or (ii) the Actual Funded Bonus Pool determined pursuant to
Section 6(b) for such Award Year exceeds six percent (6%) of Potlatch’s consolidated net earnings, before taxes, for such Award Year. Notwithstanding the foregoing, the Board of Directors shall not alter the time and form of payment
of any Award for which a Participant has made a deferral election in accordance with this Section 9, unless such alteration is permissible under Section 409A of the Code. 

  

	10.	SPECIAL AWARDS FUND 

  

	 	(a)	Creation of the Fund. A Special Awards Fund shall be established with respect to each Award Year in an amount determined by the Committee but not to exceed ten percent
(10%) of the Target Bonus Pool for such Award Year. The Special Awards Fund shall be represented by a bookkeeping entry only and no Employee of the Corporation shall have any vested right therein. The Special Awards Fund shall be in addition to
the Bonus Pool created under Sections 5-9 above. 

  

	 	(b)	Eligibility. Awards may be made in a total amount equal to the Special Awards Fund to those Employees of the Corporation who are not Participants with respect to such Award
Year, but who in the judgment of an Officer have made outstanding contributions to the success of the Corporation. 

  

	 	(c)	Selection. After the close of the Award Year, recipients of Awards under the Special Awards Fund shall be selected by the CEO upon the recommendation of an Officer. The
amount of each individual’s Award under the Special Awards Fund shall be determined by the CEO upon the recommendation of an Officer and shall fall within a range set forth in rules and regulations adopted by the Committee, expressed as minimum
and maximum percentages of annualized salary at the end of the year. Awards under the Special Awards Fund shall be announced by March 1 following the close of the Award Year. 

  

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	 	(d)	Payment. Awards under the Special Awards Fund shall be paid in full in cash no later than March 15 following the close of the Award Year. 

  

	11.	NO ASSIGNMENT OF INTEREST 

 The interest of any
person in the Plan or in payments to be received pursuant to it shall not be subject to option or assignable either by voluntary or involuntary assignment or by operation of law, and any act in violation of this section shall be void. 
  

	12.	EMPLOYMENT RIGHTS 

 The selection of an Employee as
a Participant shall not confer any right on such Employee to receive an Award under the Plan or to continue in the employ of the Corporation or limit in any way the right of the Corporation to terminate such Participant’s employment at any
time. 
  

	13.	AMENDMENT OR TERMINATION OF THE PLAN 

 The Board of
Directors may amend, suspend or terminate the Plan at any time; provided, however, that any amendment adopted or effective on or after July 1 in any Award Year which would adversely affect the calculation of a Participant’s Award or the
Participant’s eligibility for an Award for such Award Year shall be applied prospectively from the date the amendment was adopted or effective, whichever is later; provided, further that if the Plan is terminated effective on or after
July 1 in any Award Year such termination shall not adversely affect any Participant’s eligibility for a pro rata share of an Award for the period of such Award Year before the date the termination was adopted or effective, whichever is
later, subject to all other applicable terms and conditions of the Plan. In the event of termination of the Plan, Awards deferred under section 9(b) shall be paid at such times and in such amounts as provided in section 9(b) and the rules and
regulations adopted by the Committee and in compliance with Section 409A of the Code. The foregoing notwithstanding, no amendment adopted nor termination of the Plan following the occurrence of a Change of Control shall be effective if it
(a) would reduce a Participant’s Target Bonus for the Award Year in which the Change of Control occurs, (b) would reduce an Award earned and payable to a Participant in respect of the Award Year that ended immediately before the Award
Year in which the Change of Control occurs, or (c) modify the provisions of this sentence. 
 Notwithstanding the foregoing, the Vice
President, Human Resources of Potlatch Forest Products Corporation shall have the power and authority to amend the Plan with respect to any amendment that (i) does not materially increase the cost of the Plan to the Company or (ii) is
required to comply with new or changed legal requirements applicable to the Plan, including, but not limited to, section 409A of the Code. 
  

	14.	SUCCESSORS AND ASSIGNS 

 The Plan shall be binding
upon the Corporation, its successors and assigns, and any parent corporation of the Corporation’s successors or assigns. Notwithstanding that the Plan may be binding upon a successor or assign by operation of law, the Corporation shall require
any successor or assign to expressly assume and agree to be bound by the Plan in the same manner and to the same extent that the Corporation would be if no succession or assignment had taken place. 
  

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	15.	CHANGE OF CONTROL 

 Notwithstanding any other
provision of the Plan to the contrary, this Section 15 shall apply with respect to the determination of Awards and the payment of Awards following a Change of Control. In the event that the employment of a Participant terminates following a
Change of Control, such Participant shall be guaranteed payment of a prorated Award for the Award Year in which the Change of Control occurs determined in accordance with Section 8 based on the Participant’s Target Bonus. A prorated Target
Bonus shall be calculated by multiplying the Participant’s Target Bonus for the applicable Award Year by a fraction, the numerator of which is the number of full months in the Award Year completed at the effective time of the Change of Control,
and the denominator of which is twelve (12). With respect to any Award earned but not yet paid in respect of the Award Year that ended immediately before the Award Year in which a Change of Control that also is a change in the ownership or effective
control the Corporation or a change in the ownership of a substantial portion of the assets of the Corporation as defined in the regulations promulgated under Section 409A of the Code (a “Code Section 409A Change of Control”)
occurs, each Participant shall be guaranteed payment of his or her Award determined in accordance with Section 8 based on the performance results for the applicable Award Year. Awards paid pursuant to this Section 15 shall be paid in a
lump sum in cash upon the earliest of (i) the time prescribed in Sections 5 and 9(a), (ii) the date the Participant Separates from Service for any reason other than “misconduct,” as defined in the Corporation’s Severance
Program for Executive Employees or Salaried Employees’ Severance Benefits Plan, whichever applies to the Participant, following the Code Section 409A Change of Control, or (iii) with respect to an Award for which a Participant has
made a deferral election in accordance with Section 9 of the Plan, within the twelve (12)-month period following the termination of the Plan, provided that the Plan is terminated within the period beginning thirty (30) days before and
ending twelve (12) months following the effective date of the Code Section 409A Change of Control. 
  

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