Document:

Exhibit 10.7

 

AMENDED AND RESTATED

 

MANAGEMENT, SERVICE & MARKETING SUPPORT AGREEMENT

 

BY AND BETWEEN

 

COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC

 

COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP.

 

AND

 

RIVERSOURCE LIFE INSURANCE COMPANY

 

This Amended and Restated Management, Service & Marketing Support Agreement (the “Agreement”) is made and entered into as of January 1, 2011, by and between Columbia Management Investment Advisers, LLC (“CMIA”), a Minnesota limited liability company, Columbia Management Investment Services Corp. (“CMISC”), a Minnesota corporation, and RiverSource Life Insurance Company (“RSLIC”), a Minnesota corporation.

 

WHEREAS, on January 1, 2007, RiverSource Investments, LLC (now known as CMIA), RiverSource Service Corporation (now known as CMISC) and RiverSource Life Insurance Company (collectively, the “Original Signatories”) entered into the original version of this Amended and Restated Management, Service & Marketing Support Agreement (such original version, the “Original Version”); and

 

WHEREAS, subsequent to January 1, 2007, and prior to the execution of this Agreement, the names of some of the Original Signatories changed, with RiverSource Investments, LLC having become known as Columbia Management Investment Advisers, LLC, and RiverSource Service Corporation having become known as Columbia Management Investment Services Corp.; and

 

WHEREAS, CMIA, CMISC and RSLIC now desire to amend the Original Version and to restate their entire agreement with respect to the subject matter hereof in this Amended and Restated Management, Service & Marketing Support Agreement; and

 

WHEREAS, RiverSource Variable Series Trust (the “Registrant”), on behalf of all funds underlying the Registrant except RiverSource Variable Portfolio — Core Equity Fund (collectively, the “Underlying Funds”), has contracted with (1) CMIA to provide investment management and related services to the Underlying Funds and (2) CMISC to provide transfer agency and shareholder services to contract owners and policy holders of the variable contracts with subaccounts investing in the Underlying Funds; and

 

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WHEREAS, the Registrant, on behalf of RiverSource Variable Portfolio — Core Equity Fund (“VP Core Equity Fund”), has contracted with CMIA to provide investment management and related services to VP Core Equity Fund and transfer agency and shareholder services to contract owners and policy holders of the variable contracts with subaccounts investing in VP Core Equity Fund; and

 

WHEREAS, the Underlying Funds and VP Core Equity Fund (collectively, the “Funds”) are made available primarily as investment options underlying variable annuity and variable life insurance contracts offered by RSLIC and its subsidiaries; and

 

WHEREAS, CMISC desires that RSLIC provide certain services in connection with the servicing of contract owners and policy holders who own Funds through the variable contracts offered by RSLIC; and

 

WHEREAS, CMIA desires that RSLIC provide certain services in connection with the servicing of contract owners and policy holders who own Funds, other than VP Core Equity Fund, and further desires to pay from its own resources financial support to RSLIC to help promote, and support the offer, sale, and servicing of shares of Funds (other than VP Core Equity Fund) offered through some or all of RSLIC’s variable contracts and, with respect to VP Core Equity Fund, CMIA desires that RSLIC provide certain services in connection with the servicing of contract owners and policy holders who own VP Core Equity Fund through the variable contracts offered by RSLIC.

 

NOW, THEREFORE, in consideration of their mutual promises, the parties agree as follows:

 

Duties of RiverSource Life Insurance Company

 

Section 1.01.         With respect to shareholder servicing, RSLIC will provide the following services:

 

(1)           Subaccount Transactions.  Upon the request of a contract owner or policy holder, purchases, redemptions, exchanges and transfers of units representing interests in Fund shares (“units”), and other permissible legal actions, with respect to units, shall be processed in a timely fashion, in accordance with the terms of the variable contract and related prospectus.

 

(2)           Communication with Transfer Agent.  RSLIC will process contract owner and policy holder requests with respect to units and communicate with the transfer agent net transactions in shares for the Funds.

 

(3)           Lost or Stolen Checks.  RSLIC will replace lost or stolen checks issued to contract owners and policy holders upon receipt of proper notification.

 

(4)           Valuation Adjustments (as-of-costs) to Unit Value.  RSLIC will calculate and process valuation adjustments for contract owners and policy holders.

 

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(5)           Contract Owner List Maintenance.  RSLIC shall maintain all contract owner and policy holder accounts, which shall contain all required tax, legal and regulatory information; shall prepare shareholder mailing lists; shall cause to be delivered all required prospectuses, annual reports, semiannual reports, statements of additional information (upon request), proxies and other communications.

 

(6)           Contract Owner Reporting; Statements and Confirmations.  RSLIC shall confirm each transaction either at the time of the transaction or through periodic reports as may be legally permitted.

 

(7)           Compliance Controls and Support.  RSLIC will provide adequate oversight of applicable rules and regulations affecting the units and the variable contracts.

 

Section 1.02.         With respect to the promotion and support of the offer, sale, and servicing of Underlying Fund shares, RSLIC will provide the following services:

 

(1)           Provide general fund management services including development, pricing and marketing.

 

(2)           Permit marketing and/or educational personnel to meet with RSLIC’s registered representatives and/or other applicable personnel for the purpose of informing and explaining the features and characteristics of the Underlying Funds and the benefits and risks of investments in the Underlying Funds.

 

(3)           Permit marketing and educational materials regarding the Underlying Funds to RSLIC’s registered representatives and/or other applicable personnel.

 

(4)           Regularly include information about the Underlying Funds in internal sales communications for RSLIC’s registered representatives and/or other applicable personnel.

 

(5)           Assign registered representatives to each Underlying Fund shareholder account in RSLIC’s records and reassign such account should a registered representative assigned to such account leave RSLIC’s firm.

 

(6)           List all Underlying Funds on RSLIC’s product list and provide adequate opportunities to provide information to RSLIC for its conducting of due diligence on the Underlying Funds for their inclusion in any of RSLIC’s “approved” or “preferred” (or similar) lists of investment vehicles.

 

(7)           Permit participation in marketing and educational events for RSLIC’s registered representatives and/or other applicable personnel regarding the Underlying Funds.

 

(8)           Perform other marketing support, educational services and activities and shareholder servicing activities, as determined by RSLIC either in its sole discretion or in consultation with CMIA.

 

Section 1.03.         Ownership and Confidentiality of Records.

 

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(1)           The parties agree that all records prepared or maintained by them relating to the services to be performed by them under the terms of this Agreement are the property of the Funds and may be inspected by the Funds or any person retained by the Funds at reasonable times.  The Funds and the parties agree to protect the confidentiality of those records.

 

(2)           Regulation S-P.

 

(a)           In accordance with Regulation S-P of the Securities and Exchange Commission, “Nonpublic Personal Information” includes (i) all personally identifiable financial information; (ii) any list, description, or other grouping of consumers (and publicly available information pertaining to them) that is derived using any personally identifiable financial information that is not publicly available information; and (iii) any information derived therefrom.

 

(b)           The parties must not use or disclose Nonpublic Personal Information for any purpose other than to carry out the purpose for which Nonpublic Personal Information was provided to them as set forth in this Agreement, and agree to cause the parties and their employees, agents, representatives, or any other party to whom they may provide access to or disclose Nonpublic Personal Information to limit the use and disclosure of Nonpublic Personal Information to that purpose.

 

(c)           The parties agree to implement appropriate measures designed to ensure the security and confidentiality of Nonpublic Personal Information, to protect such information against any anticipated threats or hazards to the security or integrity of such information, and to protect against unauthorized access to, or use of, Nonpublic Personal Information that could result in substantial harm or inconvenience to any contract owner or policy holder; the parties further agree to cause all their agents, representatives, subcontractors, or any other party to whom they may provide access to, or disclose, Nonpublic Personal Information to implement appropriate measures designed to meet the objectives set forth in this paragraph.

 

(d)           With respect only to the provisions of this Section 1.03(2), the parties agree to indemnify and hold harmless the Funds, and any officer or director of the Funds, against losses, claims, damages, expenses, or liabilities to which the Funds, or any officer or director of the Funds, may become subject as the result of (i) a material breach of the provisions of this section of the Agreement or (ii) any acts or omissions of the parties, or of any of their officers, directors, employees, or agents, that are not substantially in accordance with this Agreement, including, but not limited to, any violation of any federal statute or regulation.  Notwithstanding the foregoing, no party will be entitled to indemnification pursuant to this Section 1.03(2)(d) if such loss, claim, damage, expense, or liability is due

 

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to the willful misfeasance, bad faith, gross negligence, or reckless disregard of duty by the party seeking indemnification.

 

Section 1.04.         With respect to all duties and responsibilities of the parties hereunder, each party may provide any or all such services directly, or it may contract with one of its affiliates for the provision of such services, but in such event, each party will remain responsible for the delivery of all services in accordance with the terms of this Agreement.

 

Section 1.05.         Each party will be responsible for maintaining all required records, memoranda, instructions or authorizations relating to the services it performs under this Agreement.  Each party will provide copies of or access to such records, memoranda, instructions or authorizations to the other party as requested.

 

Section 1.06.         Each party will furnish the other party, or its designated affiliate, any information reasonably requested with respect to its services performed or to be performed under this Agreement.

 

Section 1.07.         Each party agrees to be responsible for the maintenance of an adequate organization of competent persons to provide the services and perform the functions mentioned herein.

 

Compensation for Services.

 

Section 2.01.         In consideration of the services provided by RSLIC, CMIA and CMISC agree to pay RSLIC a fee as set forth in Schedule A.

 

Section 2.02.         Fees are payable as soon as possible after the close of the month, and in any event, will be paid no later than the last business day of the month following the month for which services were provided.

 

Miscellaneous

 

Section 3.01.         It is understood and agreed that in furnishing the Funds with the services as herein provided, neither RSLIC, or any officer, director or agent thereof will be liable to the Funds or their creditors, CMIA, CMISC, or any officer, director or agent thereof for errors of judgment or for anything except willful misfeasance, bad faith or gross negligence in the performance of its duties, or reckless disregard of its obligations and duties under the terms of this Agreement.  It is further understood and agreed that RSLIC may rely upon information furnished to it reasonably believed to be accurate and reliable.

 

Section 3.02.         It is understood and agreed that in furnishing the Funds with the services as herein provided, neither CMIA, CMISC, or any officer, director or agent thereof will be liable to the Funds or their creditors, RSLIC, or any officer, director or agent thereof for errors of judgment or for anything except willful misfeasance, bad faith or gross negligence in the performance of its duties, or reckless disregard of its obligations and duties under the terms of this Agreement.  It is further understood and agreed that CMIA and CMISC may rely upon information furnished to it reasonably believed to be accurate and reliable.

 

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Section 3.03.         This Agreement will extend to and will be binding on the parties hereto, and their respective successors and assigns; provided, however, that this Agreement will not be assignable without the written consent of the other parties.

 

Section 3.04.         This Agreement will be governed by the laws of the State of Minnesota.

 

Termination and Amendment

 

Section 4.01.         This Agreement may be amended or modified by a written agreement executed by all parties.

 

Section 4.02.         This Agreement will remain in effect from year to year until terminated.  Any party will have the right to terminate this Agreement upon 60 days’ written notice to the other parties.

 

Arbitration

 

Section 5.01.         Any unresolved dispute under this Agreement between CMIA, CMISC and RSLIC shall be decided by binding arbitration.  The arbitration shall be conducted by a sole arbitrator selected by unanimous agreement of the concerned parties hereto as the case may be, or if unanimous agreement cannot be reached then by drawing lots.  Decisions of the arbitrator shall be final and there shall be no appeal from the arbitrator’s decisions.  The arbitration shall be conducted in accordance with the rules of the American Arbitration Association unless the concerned parties decide otherwise, in which case the latter decisions will apply as to the applicable rules for arbitration.  The place of arbitration will be Minneapolis, Minnesota, USA.

 

 

IN WITNESS THEREOF, the parties hereto have executed the foregoing Agreement.

 

	
COLUMBIA MANAGEMENT INVESTMENT   ADVISERS, LLC
    
	
 
    	
 
    
	
By:
    	
/s/   Beth Ann Brown
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Beth   Ann Brown
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Senior   Vice President
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
COLUMBIA MANAGEMENT INVESTMENT   SERVICES CORP.
    
	
 
    	
 
    
	
By:
    	
/s/   Stephen T. Welsh
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Stephen   T. Welsh
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
President
    	
 
    

 

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RIVERSOURCE LIFE INSURANCE   COMPANY
    
	
 
    
	
By:
    	
/s/   John R. Woerner
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
John   R. Woerner
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Chairman   of the Board and President
    	
 
    

 

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Schedule A

 

I.      For each Fund except VP Core Equity Fund and the VP Funds of Funds (VP Funds of Funds include: Variable Portfolio — Aggressive Portfolio, Variable Portfolio — Conservative Portfolio, Variable Portfolio — Moderate Portfolio, Variable Portfolio — Moderately Aggressive Portfolio and Variable Portfolio — Moderately Conservative Portfolio), the fee for services provided with respect to transfer agency and shareholder servicing shall be equal to 0.06% (6 basis points).  In addition, to the extent RSLIC incurs any out-of-pocket expenses related to the Funds, as set forth below, RSLIC shall be reimbursed by CMISC monthly for the following out-of-pocket expenses (for each Fund except VP Core Equity Fund and the VP Funds of Funds):

 

·      typesetting, printing, paper, envelopes, imaging, mailroom services, postage and return postage for proxy soliciting material, and proxy tabulation costs

 

·      printing, paper, envelopes, imaging, mailroom services and postage for records of account, purchase confirmations, exchange confirmations and exchange prospectuses, redemption confirmations, redemption checks, and any other communication required to be sent to shareholders, contract owners and policy holders

 

·      typesetting, printing, paper, envelopes, imaging, mailroom services and postage for prospectuses, annual and semiannual reports, statements of additional information, supplements for prospectuses and statements of additional information and other required mailings to shareholders, contract owners and policy holders

 

·      other expenses incurred at the request or with the consent of the Fund

 

II.    A.  For all services provided to each Fund other than Disciplined Asset Allocation Portfolios (“DAAP Funds”, as defined below) and VP Funds of Funds by RSLIC  (i) with respect to investment management and related services (if any), and (ii) for marketing and servicing support and, (iii) with respect to VP Core Equity Fund, transfer agency and shareholder servicing hereunder, CMIA will pay a fee to RSLIC.  (DAAP Funds include: Disciplined Asset Allocation Portfolios — Aggressive, Disciplined Asset Allocation Portfolios — Conservative, Disciplined Asset Allocation Portfolios — Moderate, Disciplined Asset Allocation Portfolios — Moderately Aggressive, Disciplined Asset Allocation Portfolios — Moderately Conservative).  The fee will be calculated as follows:

 

1.     The rate, to be used prospectively, will be calculated as soon as possible after year end.  The rate will be calculated as follows, using actual data from the previous year:

 

a.     Calculate the average daily net asset balance of the funds described in II(A) above;

 

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b.     Determine the total compensation paid to the investment manager by these funds;

 

c.     Divide the total of the fees determined under II(A)(1)(b)  of this Schedule A by the average daily fund balances determined under II(A)(1)(a) of this Schedule A to arrive at the effective investment manager fee in basis points;

 

d.     Determine the total investment management costs, excluding subadvisory expenses, incurred by CMIA for these funds;

 

e.     Take the result under II(A)(1)(d) of this Schedule A times a reasonable profit margin as determined by a review of asset management peer companies’ profit margins, economic conditions  and consideration of internal hurdle rates;

 

f.      Determine the total subadvisory expenses paid to third parties by CMIA for these funds;

 

g.     Take the result under II(A)(1)(f) of this Schedule A times a reasonable profit margin as determined by a review of internal profit margins on subadvised funds;

 

h.     Add the results determined under II(A)(1)(e) and II(A)(1)(g);

 

i.      Divide the result determined under II(A)(1)(h) of this Schedule A by the average daily fund balances determined under II(A)(1)(a) of this Schedule A to derive the total basis points of investment management expense;

 

j.      Subtract the total basis points investment management expense determined under II(A)(1)(i) of this Schedule A from the effective investment manager fee in total basis points determined under II(A)(1)(c) of this Schedule A.

 

If the rate as calculated above is negative, the parties agree that it will be applied as if it were zero.

 

2.     The fee transferred from CMIA to RSLIC each month will be calculated as follows:

 

a.     At the end of each month, use the average daily net asset balance of the funds described in II(A) above during the month just ended;

 

b.     Take the rate calculated in II(A)(1) of this Schedule A times the average daily net assets;

 

c.     Divide the result by 12 to get the monthly fee to transfer from CMIA to RSLIC.

 

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3.     In the event that (i) an acquisition, disposition, merger, consolidation, asset purchase, asset sale or other transaction affecting the average daily net asset balance of the Funds (a “Transaction”) occurs during a calendar year (a “Current Year”) after the prospective rate for that year has been calculated in accordance with Section II(A)(1) of this Schedule A, then (ii) the prospective rate may be recalculated in accordance with Section II(A)(1), except that the recalculation will be based on actual  Current Year data. A final adjustment will be recorded in the fourth quarter of each calendar year based on the difference between the estimated monthly fees paid by CMIA and the amount of fees actually owed to RSLIC based on application of the recalculated rate to actual year-to-date data.

 

B. [Intentionally omitted.]

 

10Exhibit 10.32

 

TALECRIS BIOTHERAPEUTICS HOLDINGS CORP.
 2009 LONG-TERM INCENTIVE PLAN

 

 

Performance Shares Award Agreement

 

 

You are hereby awarded Performance Shares subject to the terms and conditions set forth in this Performance Shares Award Agreement (the “Award Agreement” or “Award”), and in the Talecris Biotherapeutics Holdings Corp. 2009 Long-Term Incentive Plan (the “Plan”).  A copy of the Plan is attached as Exhibit A, and a prospectus describing the Plan’s material terms is attached or will be delivered to you separately.  Terms below that begin with capital letters have the special meaning set forth in the Plan or in this Award Agreement.

 

This Award is conditioned on your execution of this Award Agreement within twenty (20) days after the Grant Date specified in Section 1 below.  By executing this Award Agreement, you will be irrevocably agreeing that all of your rights under this Award will be determined solely and exclusively by reference to the terms and conditions of the Plan, subject to the provisions set forth below.  As a result, you should not execute this Award Agreement until you have carefully considered the terms and conditions of the Plan and this Award, plus the information disclosed within the attached Plan prospectus and (ii) consulted with your personal legal and tax advisors about all of these documents.

 

1.                                       Specific Terms.  Your Performance Shares have the following terms:

 

	
Name   of Participant
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Target   Number of Performance Shares Subject to Award
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Purchase   Price per Share (if applicable)
    	
 
    	
Not   applicable.
    
	
 
    	
 
    	
 
    
	
Grant   Date
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Vesting
    	
 
    	
.Vesting   will be in accordance with Exhibit C.
    
	
 
    	
 
    	
 
    
	
Accelerated   Vesting
    	
 
    	
You   will become 100% vested in this Award if your Continuous Service ends due to   your death or your Disability as defined in the Plan.
    
	
 
    	
 
    	
 
    
	
Deferral   Elections
    	
 
    	
o Allowed in   accordance with Section 8(f) and 9 of the Plan
    o Not allowed.
    
	
 
    	
 
    	
 
    
	
Recapture   and Recoupment
    	
 
    	
o   Section 25 of the Plan shall apply re Termination, Rescission, and   Recapture of this Award.
    o Section 26   shall apply re Recoupment of this Award.
    

 

2.                                       Termination of Continuous Service.  Subject to the terms of any written employment agreement between Participant and the Company and Sections 1 and 2 of this AwardAgreement, this Award shall be canceled and become automatically null and void immediately upon Participant’s termination of Continuous Service, but only to the extent Participant has not become vested, pursuant to Section 1 above, on or before termination.

 

3.                                       Post-Retirement Vesting.   In the event that (i) your Continuous Service has terminated prior to a vesting date by reason of your Retirement as defined in the Plan and (ii) you have not become “Otherwise Employed,” then your Performance Shares will continue to vest in the same manner as if you had remained in Continuous Service.  In the event that you become Otherwise Employed or fail to provide the Committee with written notice within 10 days after you have accepted an employment or consulting position with an employer unrelated to the Company, then this Award shall be canceled and become automatically null and void, but only to the extent you have not become vested, pursuant to terms of Section 1 above or this Section, on or before you became Otherwise Employed.  For purposes of this Award, “Otherwise Employed” means that following termination of your Continuous Service you have accepted an employment or consulting position with an employer unrelated to the Company; provided that you shall not be considered “Otherwise Employed” if you have presented the Committee with verifiable evidence establishing that your new position may not reasonably be expected to result in base pay and bonus over a period of a calendar year greater than 50 percent of the average of your base pay and bonus for your last two calendar years of employment.  In the event of a dispute regarding whether you have become Otherwise Employed, the Committee shall make a final determination as provided in Section 4(d) of the Plan.  For the avoidance of confusion, investment income or income incurred by reason of vesting of Awards or exercise of Options awarded by the Company, shall not be considered income for purposes of determining whether you have become Otherwise Employed.

 

 

4.                                       Satisfaction of Vesting Restrictions.  No Shares will be issued before you complete the requirements that are necessary for you to vest in the Shares underlying your Performance Shares.  As soon as practicable after the later of (i) the date on which your Performance Shares vest in whole or in part, or (ii) the distribution date or dates set forth in your deferral and distribution election forms (if allowed under Section 1 and made by you), the Company will issue to you or your duly-authorized transferee, free from vesting restrictions (but subject to such legends as the Company determines to be appropriate), one Share for each vestedPerformance Share with such number of Shares issued to you being reduced by a number of Shares having a fair market value equal to the minimum statutory tax withholding required in connection with the vesting of your Performance Shares, and with cash being withheld from your pay for any additional withholding and employment taxes that applicable tax laws may require.  Certificates shall not be delivered to you unless all applicable employment and tax-withholding obligations have been satisfied.

 

5.                                       Dividends.  Section 8(e) of the Plan shall determine your rights to collect any cash or Share dividends that are declared and paid to the holders of Shares between the Grant Date and each vesting or deferred settlement date upon which you are entitled to receive Shares to settle this Award.  To the extent that your Continuous Service ends before full vesting of the Performance Shares subject to this Award, you will forfeit all cash and Share-based dividends that are attributable to all of your non-vested Performance Shares.

 

6.                                       Designation of Beneficiary.  Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying Shares.  You shall designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form attached hereto as Exhibit B  (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the Company.  To the extent you do not duly designate a beneficiary who survives you, your estate will automatically be your beneficiary.

 

7.                                       Restrictions on Transfer of Award. Your rights under this Award Agreement may not be sold, pledged, or otherwise transferred without the prior written consent of the Committee.

 

8.                                       Taxes.  Except to the extent otherwise specifically provided in an employment agreement between you and the Company, by signing this Award Agreement, you acknowledge that you shall be solely responsible for the satisfaction of any applicable taxes that may arise pursuant to this Award (including taxes arising under Code Section 409A (regarding deferred compensation) or 4999 (regarding golden parachute excise taxes), and that neither the Company nor the Administrator shall have any obligation whatsoever to pay such taxes or to otherwise indemnify or hold you harmless from any or all of such taxes.  The Committee shall have the sole discretion to interpret the requirements of the Code, including Section 409A, for purposes of the Plan and this Award Agreement.

 

9.                                       Not a Contract of Employment.  By executing this Award Agreement you acknowledge and agree that (i) nothing in this Award Agreement or the Plan confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your right or the Company’s right to terminate your employment, service, or consulting relationship at any time, with or without Cause; and (ii) the Company would not have granted this Award to you but for these acknowledgements and agreements.

 

10.                                 Long-term Consideration for Award.  If Section 1 above provides for the application of Plan Section 25 to this Award, then the terms and conditions set forth in your existing Talecris Intellectual Property Agreement or such other employment agreement that includes terms intended to protect Talecris’ business interests, as amended from time-to-time in accordance with its terms, (the “Business Protection Agreement”) are hereby incorporated by reference and made an integral part of this Award Agreement.  An invalidation or incompletion of all or part of the Business Protection Agreement, or your commencement of litigation to invalidate, modify, or alter the terms and conditions set forth your Business Protection Agreement, shall cause this Award to become null, void, and unenforceable.

 

11.                                 Investment Purposes. By executing this Award, you represent and warrant that any Performance Shares issued to you pursuant to this Award will be for investment for your own account and not with a view to, for resale in connection with, or with an intent of participating directly or indirectly in, any distribution of such Shares within the meaning of the Securities Act of 1933, as amended.

 

12.                                 Securities Law Restrictions.  Regardless of whether the offering and sale of Shares under the Plan have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or have been registered or qualified under the securities laws of any state, the

 

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Company at its discretion may impose restrictions upon the sale, pledge or other transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order to achieve compliance with the Securities Act or the securities laws of any state or any other law or to enforce the intent of this Award.

 

13.                                 Headings.  Section and other headings contained in this Award Agreement are for reference purposes only and are not intended to describe, interpret, define or limit the scope or intent of this Award Agreement or any provision hereof.

 

14.                                 Severability.  Every provision of this Award Agreement and of the Plan is intended to be severable.  If any term hereof is illegal or invalid for any reason, such illegality or invalidity shall not affect the validity or legality of the remaining terms of this Award Agreement.

 

15.                                 Counterparts.  This Award Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.

 

16.                                 Notices.  Any notice or communication required or permitted by any provision of this Award Agreement to be given to you shall be in writing and shall be delivered electronically, personally, or sent by mail, addressed to you at the last address that the Company had for you on its records.  Each party may, from time to time, by notice to the other party hereto, specify a new address for delivery of notices relating to this Award Agreement.  Any such notice shall be deemed to be given as of the date such notice is personally or electronically delivered or properly mailed.

 

17.                                 Binding Effect.  Except as otherwise provided in this Award Agreement or in the Plan, every covenant, term, and provision of this Award Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors, transferees, and assigns.

 

18.                                 Modifications.  This Award Agreement may be modified or amended at any time, in accordance with Section 15 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects any rights or obligations under this Award Agreement.

 

19.                                 Plan Governs.  By signing this Award Agreement, you acknowledge that you have received a copy of the Plan and that your Award Agreement is subject to all the provisions contained in the Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be promulgated and adopted pursuant to the Plan.  In the event of a conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control.

 

20.                                 Governing Law.  The laws of the State of Delaware shall govern the validity of this Award Agreement, the construction of its terms, and the interpretation of the rights and duties of the parties hereto.

 

BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you and the Company agree that this Award is made under and governed by the terms and conditions of this Award Agreement and the Plan.

 

 

	
 
    	
TALECRIS   BIOTHERAPEUTICS HOLDINGS CORP.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
PARTICIPANT
    
	
 
    	
 
    
	
 
    	
The   undersigned Participant hereby accepts the terms of this Award Agreement and   the Plan.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    	
 
    
	
 
    	
Name   of Participant:
    	
 
    	
 
    
						

 

3

 

Exhibit B

 

TALECRIS BIOTHERAPEUTICS HOLDINGS CORP.

2009 LONG-TERM INCENTIVE PLAN

 

 

Designation of Death Beneficiary

 

 

In connection with the Awards designated below that I have received pursuant to the Plan, I hereby designate the person specified below as the beneficiary upon my death of my interest in such Awards.  This designation shall remain in effect until revoked in writing by me.

 

	
 
    	
Name   of Beneficiary:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Address:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Social   Security No.:
    	
 
    

 

This beneficiary designation relates to any and all of my rights under the following Award or Awards:

 

o            any Award that I have received or ever receive under the Plan.

 

o            the Performance Shares Award that I received pursuant to an award agreement dated                        ,          between myself and the Company.

 

I understand that this designation operates to entitle the above named beneficiary, in the event of my death, to any and all of my rights under the Award(s) designated above from the date this form is delivered to the Company until such date as this designation is revoked in writing by me, including by delivery to the Company of a written designation of beneficiary executed by me on a later date.

 

	
 
    	
Date:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name   of Participant
    

 

 

Exhibit C

 

TALECRIS BIOTHERAPEUTICS HOLDINGS CORP.

2009 LONG-TERM INCENTIVE PLAN

 

 

Performance Criteria

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