Document:

EX-10.24

 Exhibit 10.24 
 FOX FACTORY HOLDING CORP. 
 NON-EMPLOYEE DIRECTOR COMPENSATION POLICY1 
 CASH COMPENSATION 
 Retainer for Serving as Lead Director

 The Lead Director shall be paid an annual retainer of $10,000 (or such other amount as determined by the Board in its
discretion), plus the other retainers and compensation he or she may be eligible to receive set forth below (as such amounts may be changed from time to time by the Board in its discretion). 

Retainers for Serving as Committee Chairpersons 
 Non-employee directors shall be paid the following annual retainers for serving as the chairperson of the following committees of the Board: 

 

											
	 •    
	 	 	$15,000	  	  	 	–	  	  	Audit Committee
	 •    
	 	 	$7,500	  	  	 	–	  	  	Compensation Committee
	 •    
	 	 	$7,500	  	  	 	–	  	  	Nominations and Corporate Governance Committee

 Non-employee directors shall be paid an annual retainer in the amount as so determined by the Board in
its discretion for serving as the chairperson of any other committee of the Board. 
 Retainer for Serving on the Board

 Each non-employee directors shall be paid an annual retainer of $40,000 (or such other amount as may be determined by the
Board in its discretion) for his or her service on the Board, which retainer shall be payable quarterly. No separate meeting fees shall be paid for Board meetings attended by the directors, unless otherwise determined by the Board. 

Committee Meeting Attendance 
 Each non-employee director shall be paid $1,000 (or such other amount as may be determined by the Board in its discretion) for each meeting of any committee of the Board attended by such director
telephonically or in person. 
 EQUITY-BASED COMPENSATION 
 Pursuant to the following, Non-employee directors shall be granted annual equity-based compensation awards each year in the form of restricted share units pursuant to the Company’s 2013 Omnibus Plan
or pursuant to any other applicable equity-based compensation plan of the Company then effect, as such plans are amended from time to time. Such awards shall vest on the day immediately prior to the next annual meeting, subject to accelerated
vesting in the event of the director’s death or a change of control of the Company and shall be subject to such additional terms and conditions as may be set forth in the applicable award agreement and plan. 

 
  

	1 	Non-Employee Director Policy to go into effect upon consummation of the initial public offering. 

 The Non-employee directors who are serving on the Board at the time the Company’s
initial public offering is consummated shall be entitled to receive an initial award of restricted share units, the number of which shall be determined by dividing $20,000 by the initial public offering price to the public of the Company’s
common stock in the Company’s initial public offering. The Company shall grant such initial awards to the non-employee directors on the date that the Company’s initial public offering is consummated. Such awards shall vest on the day
immediately prior to the Company’s annual meeting of shareholders held in 2014, subject to accelerated vesting in the event of the director’s death or a change of control of the Company. 

Thereafter and subject to applicable laws and the Company’s policies then in place for equity-based awards, the non-employee
directors who serve on the Board immediately following the Company’s 2014 annual meeting of shareholders and each annual meeting thereafter shall be entitled to receive an annual award of restricted share units. The number of restricted share
units to be awarded annually shall be determined by dividing $40,000 (or such other amount as determined by the Board in its sole discretion), by the closing price of the Company’s common stock on the date of grant. Such annual awards shall be
granted on the date of the Company’s annual meeting or, alternatively, during the Company’s open trading window that follows the Company’s annual meeting. If a non-employee director joins the Board on a day other than the date of the
annual meeting, such non-employee director shall be entitled to receive a prorated award of restricted share units. Such prorated award shall be determined by multiplying $40,000 times a fraction, (i) the numerator of which shall be the
difference between 365 and the number of days that have lapsed since the annual meeting immediately preceding the day such non-employee director joined the award, and (ii) the denominator of which is 365. The product resulting from the prior
sentence shall then be divided by the closing price of the Company’s common stock on the date of grant to determine the number of restricted share units to be awarded. Such annual award shall be granted on the date such director joins the Board
or, alternatively, during the Company’s open trading window that follows the date that such director joins the Board. 
 EXPENSE
REIMBURSEMENT 
 Each of the non-employee directors shall be entitled to receive reimbursement for reasonable expenses
which they properly incur in connection with attending Board meetings and their duties as a director. 
 DIRECTORS HOLDING 5% OR MORE OF
THE COMPANY’S STOCK AND REPRESENTATIVES OF STOCKHOLDERS HOLDING 5% OR MORE OF THE COMPANY’S STOCK 

Notwithstanding the foregoing, any non-employee director who, directly or indirectly, beneficially owns 5% or more of the Company’s
outstanding securities or is employed by or represents a stockholder of the Company that, directly or indirectly, beneficially owns 5% or more of the Company’s outstanding securities shall not be entitled to receive any cash compensation or
equity-based compensation for his or her service on the Board. Such non-employee director shall, however, be entitled to receive reimbursement for reasonable expenses which he or she properly incurs in connection with attending Board meetings and
their duties as a director. 
 AMENDMENTS, REVISION AND TERMINATION 

This policy may be amended, revised or terminated by the Board of Directors at any time and from time-to-time in its sole discretion.

  
 - 2 -EX-4.1

 Exhibit 4.1 
 THIRD AMENDMENT TO THE RIGHTS AGREEMENT 
 This THIRD AMENDMENT TO
THE RIGHTS AGREEMENT (this “Amendment”) is made and entered into as of July 24, 2013, between BMC Software, Inc., a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., as rights agent
(the “Rights Agent”). Except as otherwise provided herein, all capitalized terms used in this Amendment and not defined herein shall have the meanings ascribed thereto in the Rights Agreement. 

WHEREAS, the Company and the Rights Agent have entered into that certain Rights Agreement, dated as of May 12, 2012, as amended on
May 4, 2013 and May 10, 2013 (as amended, the “Rights Agreement”); 
 WHEREAS, the Company has
entered into an Agreement and Plan of Merger, dated as of May 6, 2013, by and among Boxer Parent Company Inc. (“Parent”), Boxer Merger Sub Inc. (“Merger Sub”) and the Company (as amended or supplemented from
time to time, the “Merger Agreement”); 
 WHEREAS, Parent, the Company and Elliott Associates, L.P.
(“Elliott Associates”) and Elliott International, L.P. entered into a Voting Agreement, dated as of May 4, 2013; 
 WHEREAS, the Company, Parent and Merger Sub have determined to amend the Merger Agreement (such amendment, the “Merger Agreement Amendment”) in connection with the Company’s consent,
which consent is conditioned upon the execution of the Merger Agreement Amendment, to permit Elliott Associates to directly or indirectly acquire shares of stock in Parent, prior to the Effective Time (as defined in the Merger Agreement), pursuant
to the terms of the Merger Agreement Amendment and certain related agreements specifically referred to in this Amendment, including a Specified Guarantor Agreement (as defined below); 

WHEREAS, pursuant to Section 27 of the Rights Agreement, at any time prior to the time at which any Person becomes an Acquiring
Person, the Company may supplement or amend the Rights Agreement without the approval of any holders of Right Certificates in order to make any provisions with respect to the Rights which the Company may deem necessary or desirable, any such
supplement or amendment to be evidenced by a writing signed by the Company and the Rights Agent; 
 WHEREAS, the Board of
Directors desires to amend the Rights Agreement to exempt Parent, Merger Sub, any of the Guarantors (as defined in the Merger Agreement) and Elliott Associates from the definition of “Acquiring Person” as set forth in the Rights Agreement
so as to render the Rights Agreement inapplicable to Parent, Merger Sub, any of the Guarantors and Elliott Associates as a result of the execution of the Merger Agreement Amendment, the Equity Commitment Letters (as defined in the Merger Agreement
Amendment), the Limited Guarantees (as defined in the Merger Agreement Amendment) or any Specified Guarantor Agreement, and the consummation of the transactions contemplated by the Merger Agreement (as amended by the Merger Agreement Amendment), the
Equity Commitment Letters, the Limited Guarantees or any Specified Guarantor Agreement, in each case on the terms set forth therein; 
 WHEREAS, no person has yet become an Acquiring Person and, subject to and in accordance with the terms of this Amendment, the Company has directed and the Rights Agent has agreed to amend the Rights
Agreement in certain respects, as more particularly set forth herein. 

 NOW, THEREFORE, in consideration of these premises and the mutual covenants and agreements
set forth in the Rights Agreement and this Amendment, the parties hereto agree to modify the Rights Agreement as set forth below. 
 1.
Amendment to Section 1. 
 1.1 Section 1 of the Rights Agreement is hereby amended and supplemented to
include the following definitions in the appropriate location, which shall read as follows: 
 “Equity Commitment
Letters” has the meaning set forth in the Merger Agreement Amendment. 
 “Specified Guarantor
Agreement” means one or more agreements solely among Parent, Merger Sub, the Guarantors (as defined by the Merger Agreement) and their respective Affiliates (as defined by the Merger Agreement) providing for arrangements with respect to the
consummation of the transactions contemplated by the Merger Agreement and the Equity Commitment Letters, arrangements with respect to Parent and the Company following consummation of the Merger (as defined by the Merger Agreement), and/or
obligations under the Limited Guarantees, and not providing for (x) any rights to acquire Beneficial Ownership of Common Shares or coordination of activities with respect to any acquisition of Beneficial Ownership of Common Shares following
termination of the Merger Agreement or (y) activities with respect to any acquisition of Beneficial Ownership of Common Shares prior to the termination of the Merger Agreement other than in connection with the transactions contemplated by the
Merger Agreement, the Equity Commitment Letters and the Limited Guarantees (it being understood, however, that a Specified Guarantor Agreement may contain restrictions on those activities referred to in clause (y)). 

“Limited Guarantees” has the meaning set forth in the Merger Agreement Amendment. 

“Elliott Associates” shall mean Elliott Associates, L.P. 

“Merger Agreement Amendment” shall mean Amendment No. 1, dated as of July 24, 2013, to the Merger Agreement.

 2. Addition of New Section 36. 
 2.1 The Rights Agreement is hereby amended and supplemented to add the following new section as follows: 

  
 2 

 “Section 36. Exception For Merger Agreement Amendment. Notwithstanding any
provision of this Agreement to the contrary, as long as the Merger Agreement is not validly terminated (or, in the case of any Specified Guarantor Agreement, as long as such Specified Guarantor Agreement is not validly terminated or expired, but
only for so long as any such Specified Guarantor Agreement remains a Specified Guarantor Agreement as defined herein), neither a Distribution Date nor a Shares Acquisition Date shall be deemed to have occurred, none of Boxer Parent Company Inc. or
Boxer Merger Sub Inc. or any of their Affiliates or Associates, nor any of the Guarantors (as defined in the Merger Agreement) or any of their Affiliates or Associates nor Elliott Associates, L.P. or Elliott International, L.P. or any of their
Affiliates or Associates shall be deemed to have become an Acquiring Person, none of the Rights shall become exercisable and no holder of any Rights shall be entitled to exercise such Rights under, or be entitled to any adjustments or rights
pursuant to, any of Sections 3, 7, 11 or 13 of this Agreement, in any such case by reason of the approval, execution or delivery of (a) the Merger Agreement or the Merger Agreement Amendment or the consummation of any of the transactions
contemplated by the Merger Agreement (as amended by the Merger Agreement Amendment) or (b) the Equity Commitment Letters, the Limited Guarantees, any Specified Guarantor Agreement or the consummation of any of the transactions contemplated
thereby. Nothing in this Rights Agreement shall be construed to give any holder of Rights or any other Person any legal or equitable rights, remedies or claims under this Rights Agreement by virtue of the approval, execution, delivery or performance
of (x) the Merger Agreement (as amended by the Amendment) or the consummation of any of the transactions contemplated by the Merger Agreement (as amended by the Merger Agreement Amendment) or (y) the Equity Commitment Letters, the Limited
Guarantees, any Specified Guarantor Agreement or the consummation of any of the transactions contemplated thereby.” 
 3. Effective
Time of this Amendment 
 This Amendment shall be deemed effective as of the date first written above, as if executed on
such date. 
 4. Confirmation of the Rights Agreement 
 Except as amended or modified hereby, all terms, covenants and conditions of the Rights Agreement as heretofore in effect shall remain in full force and effect and are hereby ratified and confirmed in all
respects. 
 5. Governing Law 
 This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to
contracts to be made and performed entirely within such State. 

  
 3 

 6. Counterparts 
 This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts together shall constitute but one
and the same instrument. A signature to this Amendment transmitted electronically shall have the same authority, effect and enforceability as an original signature. 
 [Remainder of Page Intentionally Left Blank] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
attested, all as of the day and year first above written. 
  

									
	Attest:	 		 		 	BMC Software, Inc.
					
	By:	 	/s/ Mary A. Hayes	 		 	By:	 	/s/ Robert E. Beauchamp
		 	 Name:  Mary A. Hayes
	 		 		 	 Name:  Robert E. Beauchamp

		 	 Title:    Corporate Governance
	 		 		 	 Title:    Chairman of the Board,

		 	 Manager
	 		 		 	 President and Chief

		 		 		 		 	 Executive Officer

				
	Attest:	 		 		 	COMPUTERSHARE TRUST
		 		 		 	COMPANY, N.A.
		 		 		 	as Rights Agent
					
	By:	 	/s/ Colleen Shea-Kating	 		 	By:	 	/s/ Dennis J. Moccip
	Name:	 	Colleen Shea-Kating	 		 		 	Name: Dennis J. Moccip
	Title:	 	Contract Consultant	 		 		 	Title: Manager, Contract Administration

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