Document:

PGI-12.31.2014 Exhibit 10.54

Exhibit 10.54
Summary of Premiere Global Services, Inc. 
Non-Employee Director Compensation

	
		
	 
	Cash Compensation

	 
	 

	Board Annual Retainer1
	$50,000

	 
	 

	Scheduled Board Meeting Fees
(for 100% attendance at four quarterly, regularly scheduled board meetings)
	$10,000

	 
	 

	Special Board Meeting Fee
	$1,000

	 
	 

	Per Diem Fee
	$1,250/day for special projects and director training as authorized by us

	 
	 

	Committee Annual Retainers: 1
	 

	 
	 

	Audit Committee
	Chairman $10,000
Member $5,000

	 
	 

	Compensation Committee
	Chairman $10,000
Member $5,000

	 
	 

	Nominating and Governance Committee
	Chairman $5,000
Member $2,500

	 
	 

	Lead Independent Director Fee1
	$50,000

	
		
	 
	Equity Compensation

	 
	 

	Board Annual Equity Award2 
	$160,000

	 
	 

	Committee Annual Equity Awards:2

	 

	 
	 

	Audit Committee
	Chairman $10,000
Member $5,000

	 
	 

	Compensation Committee
	Chairman $10,000
Member $5,000

	 
	 

	Nominating and Governance Committee
	Chairman $5,000
Member $2,500

1 Annual cash retainers and the lead independent director fee will be paid in four quarterly installments, provided that an individual remains a board/committee member/lead independent director on such date.

2 Annual equity awards in the form of restricted stock will be granted in four quarterly installments on the last day of each calendar quarter, provided that an individual remains a board/committee member on such date. The shares of restricted stock granted on such date will vest immediately in recognition of service during the prior quarter. The number of shares to be granted as equity compensation will be determined by dividing the dollar amount of the applicable award by the fair market value per share of our common stock on the grant date, with any partial shares to be paid in cash. One-half of the shares granted are subject to a holding period until a director meets our stock ownership guidelines. Upon a change in control of our company (as defined in our amended and restated 2000 directors stock plan, as amended), each of our non-employee directors would receive a grant equal to the annual grants for the prospective year; provided that the director is a member of our board on such date.PGI-12.31.2014 Exhibit 10.58

EXHIBIT 10.58
AMENDMENT NUMBER 2014 - 2
PREMIERE GLOBAL SERVICES, INC. 401(K) PLAN

BY THIS AGREEMENT, Premiere Global Services, Inc. 401(k) Plan (herein referred to as the "Plan") is hereby amended as follows, effective as of December 1, 2014, except as otherwise provided herein:

1.  The section of the Adoption Agreement entitled "ELECTIVE SERVICE CREDITING" is amended as follows:

ELECTIVE SERVICE CREDITING (1.56(C)).  The Plan must credit Related Employer Service under Section l.23(C) and also must credit certain Predecessor Employer/Predecessor Plan Service under Section 1.56(B).  The Plan also elects under Section 1.56(C) to credit as Service the following Predecessor Employer service (Choose one of (a) or (b)):
 
		
	(a)
	[  ]   Not applicable. No elective Predecessor Employer Service crediting applies.

		
	(b)
	[X]     Applies.  The Plan credits the specified service with the following designated Predecessor Employers as Service for the Employer for the purposes indicated (Choose (1) and (2) as applicable.  Complete (3).  Choose (4) if applicable):

[Note:  Any elective Service crediting under this Election 13 must be nondiscriminatory.]

		
	(1)     [X]
	All purposes.  Credit Service for all purposes with Predecessor Employer(s):  Accucast. Inc. (effective January 26, 2006); Sound path Conferencing Services (effective August 12, 2008); Link Conference Service (effective February 10, 2009); The Himark Group, LLC. d/b/a Copper Services (Effective 8/1/2013); ACT Teleconferencing, Inc. or ACT Teleconferencing Services, Inc. (Effective 9/4/2013); TalkPoint Holdings, L.L.C. (effective November I. 2014); Central Desktop, Inc. (effective December 1, 2014) (insert as many names as needed).

[Note:  Any elective Service crediting under this Election 13 must be nondiscriminatory.]

(2) [   ] Designated purposes. Credit Service with the following Predecessor Employer(s) for the designated purpose(s):
	
						
	 
	 
	 
	(1)
	(2)
	(3)

	 
	 
	 
	Eligibility
	Vesting
	Contribution

	 
	 
	 
	 
	 
	Allocation

	a.
	Employer:
	 
	[   ]
	[   ]
	[   ]

	b.
	Employer:
	 
	[   ]
	[   ]
	[   ]

	c.
	Employer:
	 
	[   ]
	[   ]
	[   ]

         
(3)   Time period. Under Elections 13(b)(1) or (2), the Plan credits (Choose one or more of a., b., and c. as applicable):
		
	a.
	[X]  All. All Service under Election(s) 13(b) __________, regardless of when rendered.

		
	b.
	[   ]   Service after. All Service under Election(s) 13(b)__________, which is or was rendered after:____________     
(specify date).

		
	c.
	[  ] Service before. All Service under Election(s) 13(b)___________, which is or was rendered before:__________     
(specify date).

(4) [   ]   Describe elective Predecessor Employer Service crediting: _____________.    

[Note: Under Election 13(b)(4), the Employer may describe service crediting from the elections available under Elections 13(b)(1) through (3), or a combination thereof as to a Participant group and/or Contribution Type (e.g., For all purposes credit service with X only on/after 1/1/05 OR Credit all service for all purposes with entities the Employer acquires after 12/31/04 OR Service crediting for X Company applies only for purposes of Nonelective Contributions and not for matching Contributions).]

2. The section of the Administrative Checklist entitled “RELATED AND PARTICIPATING EMPLOYERS’ is amended as follows:
AC5. RELATED AND PARTICIPATING EMPLOYERS (I.23(C)(D).  There are or are not Related Employers and Participating Employers as follows (Complete (a) through (c):
(a) Related Employers. (Choose one of (1) or (2)):
		
	(1)
	[  ] None.

		
	(2)
	[X] Name(s) of Related Employers:  American Teleconferencing Services, LTD., ACT Teleconferencing, Inc., ACT Teleconferencing Services, Inc. (Effective September 4, 2013), TalkPoint Holdings, L.L.C., (Effective November 1, 2014), Central Desktop, Inc. (Effective December 1, 2014)                        

(b) Participating (Related) Employers. (Choose one of (1) or (2)):
		
	(1)
	[  ] None.

		
	(2)
	[X] Name(s) of Participating Employers: American Teleconferencing Services, LTD., ACT Teleconferencing, Inc., ACT Teleconferencing Services, Inc. (Effective September 4, 2013), TalkPoint Holdings, L.L.C. (Effective November 1, 2014), Central Desktop, Inc. (Effective December 1, 2014)     See SFC 71 for details

(c) Former Participating Employers. (Choose one of (1) or (2)):
		
	(1)
	[  ] None.

		
	(2)
	[X] Applies.

            

Names(s)            Date of cessation
Xpedite Systems, LLC    November 1, 2010
 ___________________    _______________

This Amendment has been executed this 30th day of December, 2014.

Premiere Global Services, Inc.
By:  /s/ Karrie Andes, Committee Member
        EMPLOYERPZN 2014 10K EX 10.28

Exhibit 10.28

PZENA INVESTMENT MANAGEMENT, LLC

AMENDMENT NO. 3 TO AMENDED AND RESTATED OPERATING AGREEMENT

This Amendment No. 3 to the Amended and Restated Operating Agreement, dated as of October 30, 2007 and amended on March 24, 2010 and March 5, 2012 (collectively, the “Operating Agreement”) is hereby made and executed by Pzena Investment Management, Inc., as the Managing Member (the “Managing Member”) of Pzena Investment Management, LLC, a Delaware limited liability company (the “Company”) and the Class B Members of the Company listed on the signature pages hereto as of November 1, 2014. Capitalized terms used but not defined herein have the meanings given to them in the Operating Agreement.

Preliminary Statement

WHEREAS, the Managing Member has determined to amend Exhibit B to the Operating Agreement as set forth below; and

WHEREAS, pursuant to Section 11.01(a) of the Operating Agreement, terms and provisions therein may be modified or amended at any time and from time to time with the written consent of the Managing Member and a Majority in  Interest of the Class B Members, subject to the limitations set forth in Section 11.01(b) thereof; and  

NOW THEREFORE, pursuant to Section 11.01 of the Operating Agreement, the Operating Agreement is hereby amended as follows:

		
	1.
	Section 2.02 of Exhibit B shall be revised to add the following as paragraph (g) thereof:

“(g)    Notwithstanding anything else to the contrary in paragraphs (a) or (b) of this Section 2.02 or Section 2.01 of this Exhibit B, (i) the Company may grant Class B Unit-based awards under any of the Plans after November 1, 2014 (a “Future Plan Award”) pursuant to an award agreement between the Company and the grantee whereby the Company and the grantee agree that the first Exchange Date on which the grantee may exchange any vested Class B Units comprising or underlying any such Future Plan Award (the “Delayed Exchange Units”) shall be seven or more years after the date of grant of such Future Plan Award (the “Delayed Exchange Date”), (ii) up to all vested Delayed Exchange Units may be exchanged on the applicable Delayed Exchange Date or on any subsequent Exchange Date established by the Managing Member for the exchange of all vested Delayed Exchange Units or for exchanges of Class B Units by all Class B Members, irrespective of the 15% limitation referred to in paragraphs (a) and (b) of Section 2.02 of Exhibit B, and (iii) with respect to any Exchange Dates occurring before the Delayed Exchange Date, the Delayed Exchange Units shall not be considered held by the grantee for purposes of determining the total number of vested and unvested Units held by the grantee under Section 2.02(a)(1). 

2.       Except as set forth herein, the provisions of the Operating Agreement remain in full force and effect. 

This Amendment No. 3 may be executed in one or more counterparts, and each of such counterparts shall for all purposes be deemed to be an original.

IN WITNESS WHEREOF, this Amendment has been duly executed to be effective as of November 1, 2014. 
 
MANAGING MEMBER:

Pzena Investment Management Inc.

By: ___________________________________
Name: Richard S. Pzena
Title: Chief Executive Officer

CLASS B MEMBERS:

	
			
	RICHARD PZENA

By: Richard Pzena
	 
	 

	

THE AARON PZENA FAMILY TRUST

By: William Greenblatt, Trustee
	 
	 

	THE MICHELE PZENA FAMILY TRUST

By: Laura Pzena, Trustee
	 
	 

	THE ERIC PZENA FAMILY TRUST

By: Robin  Pzena, Trustee
	 
	 

	THE DANIEL PZENA FAMILY TRUST

By: Jeffrey Pzena, Trustee

	 
	 

	JOHN GOETZ

By: John Goetz
	 
	 

	
			
	THE RACHEL THERESA GOETZ TRUST 

By: Gary Bachman, Trustee
	 
	 

	THE CARRIE ESTHER GOETZ TRUST 

By: Gary Bachman, Trustee
	 
	 

	WILLIAM LIPSEY

By: William L. Lipsey
	 
	 

	THE WILLIAM LIPSEY DYNASTY TRUST

By: Amy Lipsey, Trustee
	 
	 

	

MICHAEL PETERSON

By: Michael Peterson 
	 
	 

	

THE MICHAEL D. PETERSON 2009 GRANTOR RETAINED ANNUITY TRUST

By: Sarah Peterson, Trustee

By: Tobi Zemsky, Trustee
	 
	 

	THE SARAH M. PETERSON 2009 GRANTOR RETAINED ANNUITY TRUST

By: Michael Peterson, Trustee

By: Tobi Zemsky, Trustee

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