Document:

First Amendment to Bernard Dan Employment Agreement

 Exhibit 10.1 
 FIRST AMENDMENT TO 
 BERNARD DAN 
 EMPLOYMENT AGREEMENT 
 This agreement entered into as of June 1, 2006, is a
First Amendment to the employment agreement dated as of the 21st day of September, 2005 (the “Employment
Agreement”), by and among CBOT Holdings, Inc. (“Holdings”), the Board of Trade of the City of Chicago, Inc., a Delaware nonstock corporation, (the “CBOT”), and Bernard Dan (“Executive”).

 WHEREAS, Holdings, the CBOT and Executive desire to amend the Employment Agreement as set forth in this First Amendment; 
 NOW, THEREFORE, in consideration of the mutual covenants herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree that as of the date hereof the Employment Agreement is amended as follows: 
 1. By substituting
the following for the third sentence of the first paragraph of section 5(d) of the Employment Agreement: 
 The “Termination
Amount” is an amount equal to the Applicable Percentage (as defined below) of the sum of (I) the Executive’s annual Base Salary as of the date immediately prior to Executive’s termination of employment (disregarding any
decrease in such Base Salary in breach of this Agreement), plus (II) the Performance Bonus for the year of termination calculated as if Executive achieved target performance levels for the year. The “Applicable Percentage” shall be 150%
unless Executive’s termination of employment occurs within the twelve-month period immediately following a Change in Control (as defined in the LTEIP), in which case the applicable percentage shall be 200%. 
 2. By adding the following new section 5(l) to the Employment Agreement: 
 (l) Certain Additional Payments. In the event that it shall be determined that any payment or distribution by Holdings or the CBOT to or for the benefit of Executive (whether paid or payable or distributed or
distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any additional payments required under this Section 5(l), such payments or distributions being referred to herein as
“Payments”) would give rise to liability of Executive for the excise tax imposed by Section 4999 of the Code, (such excise tax, together with any interest and penalties thereon, the 
  

 “Excise Tax”), then Executive shall be entitled to receive an additional payment (the
“Additional Payment”) in an amount such that after payment by Executive of all Federal, state and local taxes and Excise Tax imposed upon the Additional Payment, Executive retains an amount of the Additional Payment equal to the
Excise Tax imposed upon the Payments, provided, however, that no Additional Payment shall be made hereunder in the event that a reduction of 10% or less in the Payments taken into account for purposes of such Section 4999 would result in the
avoidance of the Excise Tax. 
 3. Except as otherwise specifically provided herein, the Employment Agreement as in effect immediately prior
hereto (including without limitation section 5(k) thereof relating to the mandatory deferral of payments to the extent necessary to comply with Section 409A of the Internal Revenue Code of 1986, as amended), shall continue in full force and
effect. 
 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the date first written above. 
  

			
	EXECUTIVE:
	
	 /s/ Bernard Dan

	Bernard Dan
	
	CBOT HOLDINGS, INC.
		
	By:	 	 /s/ Charles P. Carey

	Title:	 	Chairman
	
	BOARD OF TRADE OF
	THE CITY OF CHICAGO, INC.
		
	By:	 	 /s/ Charles P. Carey

	Title:	 	ChairmanSchedule of Directors Fees

 Exhibit 10.1 
 Schedule of Director Fees 
 Effective July 1, 2006, members of the Board of
Director’s shall be compensated as follows: 
  

	1.	Each non-employee member of the Company’s Board of Directors shall receive an annual grant of 10,000 restricted shares of the Company’s common stock (the “Director
Restricted Stock”) under the Company’s Amended 2000 Performance Plan (the “Plan”), provided shares are available under the Plan. The Director Restricted Stock is subject to a one-year vesting period. The first grant will be made
on July 1, 2006 and future grants will be made on each anniversary thereof. The Director Restricted Stock replaces the annual cash retainer previously granted to directors and paid quarterly. 

  

	2.	In addition to the Director Restricted Stock grants, each non-employee member of the Company’s Board of Directors will receive the following fees per meeting attended:

  

				
	 Meeting Type
	  	Fee Per Meeting
	 Board Meeting
	  	$	1,000
	 Committee Meeting
	  	$	1,000
	 Committee Meeting, Chairperson
	  	$	1,500

  

	3.	Each board member is entitled to reimbursement for all reasonable out-of-pocket expenses incurred in connection with his or her attendance at a board or committee meetingForm of 2002 Stock Option and Restricted Stock and Unit Award Plan Non-Qualified

 Exhibit 10.6 
 2002 STOCK OPTION AND RESTRICTED STOCK 
 AND UNIT AWARD PLAN, AS AMENDED 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 TIME-VESTING OPTIONS 
 This Non-qualified Stock Option Agreement (this “Agreement”) is entered into as of
«GrantDate» (the “Grant Date”), between AnnTaylor Stores Corporation, a Delaware corporation (the “Company”), and «Name» (the “Option Holder”). 
 Pursuant to the AnnTaylor Stores Corporation 2002 Stock Option and Restricted Stock and Unit Award Plan, as amended (the “Plan”), the
Compensation Committee of the Board of Directors of the Company (the “Committee”) or its designee has determined that the Option Holder be granted an option under the Plan, upon the terms and subject to the conditions hereinafter
contained. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. 
 1. Number and Price
of Shares. The Company hereby grants to the Option Holder an option (the “Option”) to purchase «Options» shares of its Common Stock (the “Option Shares”) at a price of $«Price» per
share (the “Option Price”). 
 2. Time of Exercise. Subject to the provisions of Section 4 hereof, the right to
purchase shares pursuant to the Option shall be exercisable in whole or in part, at any time and from time to time, during the term set forth in Section 4 below in accordance with the following schedule: 
  

	 	From	                     through
                    , for up to     % of the Option Shares; 

 [insert specifications regarding vesting schedule]. 
 The foregoing notwithstanding, if an Acceleration Event shall occur prior to termination of the Option pursuant to Section 4 hereof, the Option Holder’s right to purchase 100% of the Option Shares shall
become exercisable immediately. 
 3. Method of Exercise. The Option, or any part thereof, shall be exercised by written notice
from the Option Holder to the Secretary of the Company specifying the number of Option Shares to be purchased (which must be a whole number of shares) and accompanied by payment in full of the Option Price for the shares being purchased. Such
payment may be made (i) in cash, (ii) in shares of Common Stock (that you have owned for at least six months) having a Fair Market Value equal to such Option Price, (iii) in a combination of cash and shares or (iv) through a
“cashless exercise” procedure involving a broker. A minimum of one hundred (100) shares must be purchased each time the Option is exercised, unless the Option is being exercised with respect to all Option Shares available at such time
for purchase hereunder. No shares shall be issued until full payment therefor has been received by the Company 

 
and the provisions of Section 8 hereof shall have been complied with, and the Option Holder shall have no rights as a stockholder of the Company in
respect of such shares until the date of the issuance by the Company of a stock certificate representing such shares, or issuance of the shares in uncertificated form by book entry on the records of the Company’s Common Stock registrar and
transfer agent. 
 4. Term of the Option. 
 (a) The Option shall be exercisable, in accordance with the provisions of Sections 2 and 3 hereof, through the tenth anniversary of the Grant Date, unless terminated earlier as provided herein. 
 (b) Except as may be provided pursuant to paragraph (d) of this Section 4, if the Option Holder’s employment is terminated by reason of
the Option Holder’s Disability or Retirement, or if the Option Holder shall die while employed by the Company or a Subsidiary Corporation, the Option may, to the extent otherwise exercisable pursuant to Section 2 above on the date of such
termination or death, be exercised by the Option Holder or the Option Holder’s estate or the person who acquired the right to exercise the Option by bequest or inheritance or otherwise by reason of the death or Disability of the Option Holder,
at any time within three years after the date of death or termination of employment by reason of Disability or Retirement, but in any event not beyond the date on which the Option would otherwise expire pursuant to paragraph (a) of this
Section 4. Except as set forth in paragraph (d) of this Section 4, the Option shall, to the extent not theretofore exercised or terminated, terminate upon the expiration of such three-year (or shorter) period. 
 (c) Except as otherwise provided in paragraph (b) of this Section 4, and except as may be provided in accordance with paragraph (d) of
this Section 4, the Option may not be exercised unless the Option Holder is then in the employ or service of the Company or one of its divisions or Subsidiary Corporations, and unless the Option Holder has remained continuously so employed or
in service since the Grant Date. In the event the Option Holder’s employment or service is terminated or ceases for any reason other than the Option Holder’s death, Disability, Retirement or a termination voluntarily by the Option Holder
or a termination by the Company for Cause, all Options theretofore granted to such Option Holder that are exercisable at the time of such termination may, to the extent not theretofore exercised or canceled, be exercised at any time within the
earlier of when the Options expire pursuant to paragraph (a) of this Section 4 and three (3) months after such termination of employment or cessation of service, as applicable; provided, however, that the Committee may in its
discretion extend the period for exercise of such Options to a date later than three (3) months after such separation or cessation date, but in any event not beyond the date on which the Option would otherwise expire pursuant to paragraph
(a) of this Section 4. Notwithstanding the foregoing, if the employment of the Option Holder shall terminate for Cause or the Option Holder voluntarily terminates his/her employment, all Options theretofore granted to such Option Holder
shall, to the extent not theretofore exercised, terminate on the day following termination. 
  

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 5. Non-Transferability. The Option and the Option Holder’s rights hereunder shall not
be transferable other than by will or the law of descent and distribution, and during the lifetime of the Option Holder the Option may be exercised only by the Option Holder or by the Option Holder’s guardian or legal representative.

 6. No Guarantee of Employment. Nothing set forth herein or in the Plan shall confer upon the Option Holder any right of
continued employment for any period by the Company or any of its divisions or Parent or Subsidiary Corporations, or shall interfere in any way with the right of the Company or any such division or Parent or Subsidiary Corporation to terminate such
employment. 
 7. Non-qualified Stock Option. No portion of the Option constitutes an Incentive Stock Option. The Option
granted hereunder constitutes a Non-qualified Stock Option. 
 8. Taxes upon Exercise of Options. The Option Holder agrees
that: 
 (a) no later than the date of any exercise of the Option, the Option Holder shall pay to the Company, or make arrangements
satisfactory to the Committee regarding the payment of, any federal, state or local taxes required by law to be withheld upon or in connection with such exercise; and 
 (b) the Company shall, to the extent permitted or required by law, have the right to deduct all federal, state and local taxes of any kind required by law to be withheld upon any exercise of the Option or from any
payment of any kind otherwise due to the Option Holder with respect to the Option. 
 9. Failure to Enforce Not a Waiver. The
failure of the Company to enforce at any time any provision of this Option Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 
 10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard
to the conflicts of laws provisions thereof. 
 11. Stock Option Plan. A copy of the Plan is attached hereto. The Plan is
hereby incorporated herein by reference and made a part of this Agreement, and this Agreement and the Option shall be subject to the terms of the Plan, as it may be amended from time to time, provided that such amendment of the Plan is made in
accordance with Section 10 of the Plan. 
 12. Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be an original but all of which together shall represent one and the same agreement. 
  

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	ANNTAYLOR STORES CORPORATION	 		 	OPTION HOLDER:
				
	By:	 	  	 		 	  
	Name:	 		 	«Name»
	Title:	 		 	

  

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