Document:

EX-10.13

 Exhibit 10.13 

Amendment No. 1 to Santander Consumer USA Inc. 2011 Management Equity Plan 

WHEREAS, Santander Consumer USA, Inc. (the “Company”) has previously approved the Santander Consumer USA Inc. 2011 Management
Equity Plan (the “Plan”); 
 WHEREAS, subject to the terms and conditions set forth herein, the Company desires to amend
the Plan by entering into this amendment (the “Amendment”) in connection with the proposed initial public offering of the common stock (“Holdings Common Stock”) of Santander Consumer USA Holdings Inc.
(“Holdings”), pursuant to the Registration Statement (the “Registration Statement”) of Santander Consumer USA Holdings Inc. on Form S-1 (the “Holdings IPO”), prior to which the shares of Common
Stock of the Company will be exchanged for shares of Holdings Common Stock and the equity awards in respect of Common Stock, including the awards subject to the Plan, will be converted into equity awards in respect of Holdings Common Stock (the
“Reorganization”); 
 WHEREAS, this Amendment will be effective as of immediately prior to the consummation of the Holdings
IPO; provided, however, that, this Amendment shall be void ab initio if the Holdings IPO is not consummated within 10 days of the Holdings IPO Pricing Date. 

NOW, THEREFORE, the Company hereby provides as follows, subject to the conditions as to effectiveness as set forth above: 

1. Definitions. Capitalized terms used herein without definition shall have the meanings ascribed to such terms in this Amendment
(including the Whereas clauses) and the Plan. 
 2. Amendment. 

(i) Section 5(b) of the Plan is hereby amended and restated in its entirety as follows: 

“(b) During the period beginning on the Closing Date and ending on February 1, 2012 (the “Initial Grant
Period”), Options to purchase 85% (eighty-five percent) of the shares of Common Stock underlying the Share Reserve shall be granted to employees of the Company and its Subsidiaries in the discretion of the Board, under the advisement of the
CEO. Options to purchase the remaining shares of Common Stock (the “Reserve Options”) may, but are not required to be granted to employees of the Company and its Subsidiaries in the discretion of the Board, under advisement of the
CEO (or, following an initial public offering of Common Stock, the Committee), following the Initial Grant Period; provided that grants of Reserve Options shall be allocated among one or more of the following: (i) Time Options,
(ii) Performance Options that are Premium Strike Price Performance Options and (iii) Performance Options that are Fair Market Value Performance Options, in proportions similar to those set forth in Appendix A. Options that are only
allocated to Time Options shall be referred to herein as “Series 2 Options” and Options that are allocated among Time Options and Performance Options (defined below) shall be referred to herein as “Series 3 Options.”
Notwithstanding the foregoing, from and after the 

 
Holdings IPO (x) no additional Series 3 Options that are Reserve Options as of the date of the Holdings IPO will be available for grant, and (y) 50% of the Series 2 Options that are Reserve
Options as of the date of the Holdings IPO will continue to be available for grant until January 31, 2015 and will be granted on or prior to January 31, 2015, and the remaining 50% of the Series 2 Options will not be available for grant
after the Holdings IPO.” 
 3. Miscellaneous. Except as expressly modified and superseded by this Amendment, the
terms and provisions of the Plan are and shall continue to be in full force and effect. 

*        *        * 

As adopted by the Board of Directors of Santander Consumer USA Inc. as of December 28, 2013.EX-10.16

 Exhibit 10.16 
 SANTANDER CONSUMER USA HOLDINGS INC. 
 SENIOR EXECUTIVE ANNUAL BONUS PLAN

  

	Section 1.	Purpose 

 This Senior Executive
Annual Bonus Plan (the “Bonus Plan”) is intended to provide an incentive for superior work and to motivate eligible executives of Santander Consumer USA Holdings Inc. (the “Company”) and its subsidiaries toward
strong achievement and business results, to tie their goals and interests to those of the Company and its stockholders, and to enable the Company to attract and retain highly qualified executives. The Bonus Plan is for the benefit of Covered
Executives (as defined below). 
  

	Section 2.	Administration 

 Subject to
applicable law and regulation, the Board of Directors of the Company (the “Board”) or a committee of the Board (the “Committee”) shall have the sole discretion and authority to administer and interpret the Bonus
Plan (the Board or Committee, as applicable, that administers and interprets the Bonus Plan, the “Administrator”). The Bonus Plan is intended to be subject to the relief set forth in Treasury Regulation Section 1.162-27(f)(1)
and shall be interpreted accordingly. 
  

	Section 3.	Covered Executives 

 From time to
time, the Administrator may select certain key executives of the Company (the “Covered Executives”) to be eligible to receive bonuses hereunder. 

 

	Section 4.	Bonus Determinations 

(a) A Covered Executive may receive a bonus payment under the Bonus Plan based upon the attainment of performance objectives which are
established by the Administrator and relate to financial, operational or other metrics with respect to the Company or any of its subsidiaries or divisions (the “Performance Goals”), including but not limited to any or any
combination of the following (measured either absolutely or by reference to an index or indices and determined either on a consolidated basis or, as the context permits, on a divisional, subsidiary, line of business, project or geographical basis,
or in combinations thereof): sales; revenues; assets; expenses; earnings before or after deduction for all or any portion of interest, taxes, depreciation, or amortization, whether or not on a continuing operations or an aggregate or per share basis
(basic or fully diluted); return on equity, capital or assets; one or more operating ratios such as earnings before interest, taxes and/or depreciation and amortization; borrowing levels, leverage ratios or credit rating; market share; capital
expenditures; free cash flow, cash flow, return on investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital; stock price; earnings per share; shareholder return; sales of particular products or
services; customer acquisition or retention; acquisitions and divestitures (in whole or in part); economic value added; strategic business criteria consisting of one or more objectives based on meeting specific market penetration, geographic
business expansion goals, facility construction or completion goals, geographic facility relocation or completion goals, cost targets, customer satisfaction, supervision of litigation or information technology; joint ventures and strategic
alliances; spin-offs, split-ups and the like; reorganizations; or recapitalizations, restructurings, financings (issuance of debt or equity) or refinancings. 

 (b) Except as otherwise set forth in this Section 4(b) or determined by the
Administrator, any bonuses paid to Covered Executives under the Bonus Plan shall be based upon bonus formulas that tie such bonuses to one or more performance objectives relating to the Performance Goals, the achievement of which shall be certified
by the Administrator. Notwithstanding the foregoing, the Company may pay bonuses (including, without limitation, discretionary bonuses) to Covered Executives under the Bonus Plan based upon such other terms and conditions as the Administrator may in
its discretion determine. 
  

	Section 5.	Bonus Payment 

 The payment of a bonus to
a Covered Executive with respect to a performance period shall be conditioned upon the Covered Executive’s employment by the Company on the last day of the performance period; provided, however, that the Administrator may make
exceptions to this requirement, in its sole discretion, including, without limitation, in the case of a Covered Executive’s termination of employment, retirement, death or disability, or as may be required by an individual employment or similar
agreement. 
  

	Section 6.	Effective Date; Amendment and Termination 

The Bonus Plan shall become effective as of January 15, 2014. The Board reserves the right to amend or terminate the Bonus Plan at any time in its
sole discretion. Any amendments to the Bonus Plan shall require stockholder approval only to the extent required by any applicable law, rule or regulation. 
  

	Section 7.	No Employment Rights 

 Nothing in the
Bonus Plan shall confer upon any Covered Executive the right to continue in the employ of the Company or its affiliates or affect any right which the Company or its affiliates may have to terminate such employment. 

 

	Section 8.	Required Taxes 

 The Company may withhold
from any amounts payable under the Bonus Plan such United States federal, state or local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 

 

	Section 9.	Governing Law; Dispute Resolution 

 All
questions concerning the construction, interpretation and validity of the Bonus Plan shall be governed by and construed and enforced in accordance with the domestic laws of the State of Delaware, without giving effect to any choice or conflict of
law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal law of the State of
Delaware will control the interpretation and construction of the Bonus Plan, even if under such jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 

	Section 10.	Miscellaneous 

 (a) The
Bonus Plan shall not confer on any person other than the Company and any Covered Executive any rights or remedies hereunder. 

(b) The terms of the Bonus Plan shall be binding upon and inure to the benefit of the Company and its successors and assigns.

 (c) The headings in the Bonus Plan are for the purpose of convenience only and are not intended to define or limit the
construction of the provisions hereof. 
 (d) In the construction of the Bonus Plan, the singular shall include the plural, and
vice versa, in all cases where such meanings would be appropriate.

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