Document:

EXHIBIT 10.42

 Exhibit 10.42 
  
 HOST MARRIOTT CORPORATION 
 SEVERANCE PLAN FOR EXECUTIVES 
  
 SECTION 1 — PURPOSE 
  
 The purpose of the
Host Marriott Severance Plan for Executives (“Plan”) is to provide severance pay and benefits to certain Executives of Host Marriott Corporation and its subsidiaries (collectively the “Company”) whose employment is terminated by
the Company or by the Executive. The severance pay and benefits available under this Plan vary depending upon the Participant’s title and the circumstances of his or her termination of employment, and they are contingent upon the execution of a
release in favor of the Company. 
  
 The Plan is intended to be an
“employee welfare benefit plan” as that term is defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended. Severance benefits for covered Executives shall be determined exclusively under this Plan. All of
the corporate policies and practices regarding severance, or similar payments upon employment termination, with respect to Executives eligible to participate herein are hereby superseded by this Plan. Benefits under this Plan are in no way
contingent upon retirement under any Company retirement plan. The severance pay and benefits available under this Plan do not represent the payment of income deferred for services performed during employment. 
  
 SECTION 2 — DEFINITIONS 
  
 The following capitalized terms shall have the meanings set forth in this
Section 2 unless the context clearly indicates otherwise: 
  
 2.1    “Administrator” means the Company or its delegees. 
  
 2.2    “Average Bonus” means the sum of the Executive’s actual paid bonus for the three years prior to the Severance
Date divided by three. 
  
 2.2    “Base
Salary” means the Executive’s current annual base salary, excluding the Executive’s annual bonus and all other forms of compensation and allowances. 
  
 2.3    “Company” means Host Marriott Corporation and its subsidiaries. 
  
 2.4    “Cause” means any conduct that in the
reasonable judgment of the Board of Directors is detrimental to the interests of the Company. Such conduct shall include, without limitation: 
  
 (A)    failing to perform assigned duties in a reasonable manner; 

 (B)    failing to perform assigned duties as a result of incompetence
or neglect; 
  
 (C)    engaging in any act of dishonesty or bad faith with respect to the Company or the Company’s affairs; 
  
 (D)    committing any act or crime that reflects unfavorably on the Executive or the Company; or 
  
 (E)    engaging in any other conduct that
in the reasonable judgment of the Board justifies termination. 
  
 A determination
of Cause by the Board of Directors shall be final and binding on the parties for all purposes; provided however that such determination may not be arbitrary or capricious. 
  
 2.5    “Change in Control” means: 
  
 (A)    the acquisition of at least thirty
five percent (35%) of the voting stock of the Company by a third party; 
  
 (B)    the merger, dissolution, liquidation, consolidation, reclassification or other reorganization of the Company in which the Company does not survive or is not the surviving entity; 
  
 (C)    the sale of the Company under circumstances in
which the Company becomes a subsidiary or affiliate of any other individual, partnership, corporation, trust, or other legal entity; 
  
 (D)    the sale of substantially all of the assets of the Company; or 
  
 (E)    a determination by the Company’s Board of Directors, or by a court or administrative agency
with jurisdiction over the Company, that a change of control has occurred. 
  
 The term “Change in Control” shall not include the act of converting the Company to another form of legal entity. 
  
 2.6    “Disability” means a physical or mental infirmity which impairs the Executive’s ability, with or without
reasonable accommodation, to substantially perform his duties as assigned and which continues for a period of at least one hundred eighty (180) days. An Executive on approved Family and Medical leave, worker’s compensation or other medical or
disability related leave will be subject to the appropriate Company leave policy as it applies to returning to work and after returning to work. The Company’s determination as to whether Executive is Disabled for purposes of 

 
this Plan shall be final and binding on all parties concerned. 
  
 2.7    “Effective Date” means             . 
  
 2.8    “ERISA” means the Employee Retirement
Income Security Act of 1974, as amended. 
  
 2.9    “Executive” means any active, full-time Executive of the Company who is listed on Exhibit B hereto, as amended from time to time. These individuals shall include the Chief Executive Officer, Chief
Financial Officer, Chief Operating Officer, Chief Development Officer and individuals with the title of Senior Vice President as determined in the sole and absolute discretion of the Company. For purposes of this Plan, “Executive” excludes
any individual who has an individual employment or severance agreement with the Company. 
  
 2.10    “Good Reason” means the occurrence of any of the following events or conditions: 
  
 (A)    a materially adverse change in the Executive’s title, position or level of responsibility without the Executive’s
written consent or the assignment to the Executive of any duties or responsibilities which are inconsistent with his title, position or level of responsibility, except in connection with the termination of his employment for Disability, Cause, as a
result of his death, or by the Executive other than for Good Reason; 
  
 (B)    failure to pay the Executive any compensation or benefits to which he is entitled within fifteen days of the date due; or 
  
 (C)    the occurrence of any of the following events or conditions in the year immediately following a Change in Control: 

 
 (i)    a reduction in the Executive’s Base Pay;

  
 (ii)    the failure by the Company to
provide the Executive with compensation (including Base Salary and bonus compensation) and benefits, in the aggregate, at least equal (in terms of benefit levels and/or reward opportunities) to those provided for under compensation or employee
benefit plans, programs and practices as in effect prior to the Change in Control. 
  
 (iii)    the Company requiring the Executive to be based at any place outside a 50-mile radius from the work location at which the Executive was based on the Effective Date or such other place as
the Executive is assigned prior to the Change in Control, except for reasonably required travel on the Company’s business which is not greater than such travel requirements prior to the Change in Control; 
  
 (iv)    any purported termination of the
Executive’s 

 
employment for Cause by the Company which does not comply with the terms of Section 2.4; 
  
 (v)    the failure of the Company to obtain an agreement, satisfactory to the Executive, from any
successor or assign of the Company to assume and agree to adopt this Plan for a period of at least one year from the Change in Control; 
  
 (vi)    the failure by the Company to provide equivalent or greater vacation, holiday and sick leave to that available to the
Executive immediately prior to the Change in Control. 
  
 (vii)    any event or condition described in this Section which occurs prior to a Change in Control but which the Executive demonstrates (a) was at the request of a third party who has indicated an intention or taken
steps reasonably calculated to effect a Change in Control (a “Third Party”), or (b) otherwise arose in connection with, or in anticipation of a Change in Control, notwithstanding that the event or condition occurred prior to the Change in
Control; provided that this subsection 2.10(C)(iv) shall apply only if the Change in Control giving rise to such events or conditions is actually consummated. 
  

2.11    “Participant” means an Executive who is notified by the Company in writing that he is listed on Exhibit B hereto.

  
 2.12    “Plan” means the Host
Marriott Corporation Severance Plan for Executives. 
  
 2.13    “Plan Year” means the calendar year. 
  
 2.14    “Pro Rata Bonus” means the amount equal to the Executive’s full target bonus for the current fiscal year of the Company, determined in accordance with the applicable
incentive compensation plan, multiplied by a fraction the numerator of which is the number of days in the incentive plan year through the Severance Date and the denominator of which is 365. 
  
 2.15    “Release Agreement” means the Severance
Agreement and Release in the substantially form hereto as Exhibit A and as acceptable to the Company, which shall include a general release given by the Participant to the Company regarding employment-related claims, covenants against competition
and the solicitation of employees and customers of the Company, and other matters as stated therein. The Release Agreement shall bind the Participant and the Company. 
  
 2.16    “Severance Date” means the date established by the Company or the Executive, as
applicable, as a Participant’s last day of employment. If the Executive’s employment is terminated by the Company for Cause or due to Disability, the Company 

 
shall provide the Executive is at least thirty (30) days notice of the Severance Date. If the Executive is terminating his employment, the Executive shall
provide the Company with thirty (30) days notice of the Severance Date. 
  
 2.17    “Successor” means any employer (whether or not the employer is affiliated with the Company) which acquires (through merger, consolidation, reorganization, transfer, sublease, assignment, or otherwise)
all or substantially all of the business or assets of the Company, or of a division of the Company. 
  
 SECTION 3 — ELIGIBILITY AND PAYMENT 
  
 3.1    Subject to Sections 3.2, 3.3, and 3.4 of this Plan, an Executive shall become a Participant if, on or after the Effective Date,
the Executive is notified by the Company that he or she is a Participant. 
  
 3.2    A Participant shall be entitled to the severance pay set forth in Section 4 hereof, if: 
  
 (A)    he or she returns and does not revoke a completed and executed Release Agreement to the Company within the time period
specified in the Release Agreement after such person’s Severance Date; and 
  
 (B)    he or she is not and does not become disqualified from receiving severance pay pursuant to Section 3.3 hereof at any time prior to such person’s Severance Date; provided, that a
Participant shall be disqualified from receiving or retaining any severance pay hereunder if he breaches the Release Agreement. 
  
 3.3    A Participant shall not be entitled to receive or retain the severance pay set forth in Section 4 hereof, if the Executive:

  
 (A)    fails to return a properly signed
Release Agreement to the Company within the time period specified in the Release Agreement after that person’s Severance Date; 
  
 (B)    revokes such Release Agreement within the time period specified in the Release Agreement; 
  
 (C)    prior to his or her Severance Date, the Executive:

  
 (i)    terminates voluntarily his or her
employment; 
  
 (ii)    fails to show up and
properly attend work; or 
  
 (iii)    fails
to adequately perform his or her employment duties as established by the Company in its reasonable judgment; 

 (D)    begins employment or provides services as an independent contractor with or
for the Company or any of its affiliates within 6 months following his or her Severance Date; 
  
 (E)    rejects an offer or fails to accept an offer of another position from a Successor or from any affiliate of the Company on or before his or her Severance Date; provided, however, that an
Executive may still receive his or her severance benefits despite rejecting such offer if the rejection or failure to accept is for Good Reason; or 
  
 (F)    prior to the Severance Date, the Company terminates the employment of the Executive and: 
  
 (i)    the termination is for Cause, as determined by
the Company in its reasonable judgment; or 
  
 (ii)    the Company determines after such termination that the Executive had engaged in conduct that would have constituted Cause had such conduct been known to the Company prior to such termination. 
  
 3.4    Prior to the Severance Date, such Participant will
receive a Release Agreement, substantially in the form attached to this Plan as Exhibit A. If the Participant accepts and agrees to his or her severance pay and benefits as determined, he shall execute the Release Agreement and return it to the Vice
President, Human Resources within the time period specified in the Release Agreement following his Severance Date. Such Release Agreement must be timely and appropriately executed by its terms for the Participants to qualify for payments and
benefits under Section 4. 
  
 SECTION 4 — AMOUNT AND
PAYMENT OF SEVERANCE PAY 
  
 4.1    If the
Executive’s employment with the Company is terminated by the Company for Cause or Disability, or by reason of the Executive’s death, or by the Executive without Good Reason, then Company shall pay the Executive all amounts earned or
accrued through the Severance Date but not paid as of the Severance Date, including: 
  
 (A)    Base Salary; and 
  
 (B)    reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Severance Date; (collectively, “Accrued
Compensation”). 
  
 In addition to the foregoing, if the Executive’s
employment is terminated by the Company because of Disability or Death, the Company shall pay to the Executive or his 

 
beneficiaries an amount equal to the Executive’s Pro Rata Bonus. 
  
 4.2    Except as otherwise provided in Section 4.3, if the Executive’s employment with the Company
is terminated by the Company without Cause, or by the Executive for Good Reason, the Executive shall be entitled to the following: 
  
 (A)    the Company shall pay the Executive all Accrued Compensation; 
  
 (B)    the Company shall pay the Executive as severance pay and in lieu of any further compensation for
periods subsequent to the Severance Date an amount (the “Severance Amount”) in cash equal to: 
  
 (i)    two (2) times the sum of the Executive’s Base Salary and the Executive’s Average Bonus if the Participant is the
Chief Executive Officer of the Company; or 
  
 (ii)    one (1) times the sum of the Executive’s Base Salary and the Executive’s Average Bonus if the Executive is any other Participant. 
  
 4.3    If during the one year immediately following a Change in Control, the Executive’s employment
with the Company is terminated by the Company without Cause, or by the Executive for Good Reason, the Executive shall be entitled to the following: 
  
 (A)    the Company shall pay the Executive all Accrued Compensation; and 
  
 (B)    the Company shall pay the Executive as severance pay and in lieu of any further compensation for
periods subsequent to the Severance Date an amount (the “Severance Amount”) in cash equal to: 
  
 (i)    three (3) times the sum of the Executive’s Base Salary and the Executive’s Average Bonus if the Participant is the
Chief Executive Officer of the Company; or 
  
 (ii)    two (2) times the sum of the Executive’s Base Salary and the Executive’s Average Bonus if the Executive is any other Participant. 
  
 4.4    Participants shall have the right to continue medical and dental benefits under the continuation
health coverage provisions of Title X of the Consolidated Omnibus Budget Reconciliation Act of 1986 (COBRA) after his or her Severance Date, if otherwise eligible. To the extent that the Participant is eligible for and elects COBRA coverage, the
Company shall cover the premium cost of such coverage on a monthly basis for the lesser of (I) 18 months; or (ii) until Participant no longer qualifies to participate. 

 
The Company’s obligation to cover this premium cost is limited to Participants who are eligible to receive severance payments pursuant to Section 4.2 or
Section 4.3 of the Plan and further to the extent that such an Executive becomes eligible to obtain any such benefits under a subsequent employer’s benefit plans. At the end of the Executive’s Company paid COBRA coverage, the Executive may
continue COBRA coverage at the Executive’s expense and to the extent eligible under the terms of such Plan. In no event shall any Participant be entitled to a cash payment in lieu of health coverage. 
  
 4.5    The severance pay provided for in this Section 4
shall be paid as soon as practicable after the Participant’s Severance Date. The Company may determine, in its sole and absolute discretion, to pay such amounts in one lump sum or in installments; provided that the Severance Amount shall be
paid in full within twenty-four (24) months of the Severance Date. 
  
 4.6    The severance pay and benefits provided for in this Section 4 shall be in lieu of any other severance pay to which the Executive may be entitled under any Company severance plan, program or arrangement.

  
 4.7    Employment taxes and all other
deductions required by law or by any other Company plan, program or policy, shall be withheld from all severance payments. In addition, any amount payable under this Section 4, shall be reduced (but not below zero) by any payment made as required by
government-mandated programs that require payment of wages and fringe benefits in lieu of notice of closing, layoffs or termination of employment. 
  
 4.8    Participants shall be paid for normal termination vacation pay and any other earned pay (if any) pursuant to existing Company
policy and applicable state law. 
  
 4.9    Benefits under any other employee benefit plans, including but not limited to, restricted stock grants, stock awards, tax-qualified retirement plans, retiree health care plans, fringe benefit plans, incentive
compensation plans, stock option plans and nonqualified deferred compensation plans, and life insurance plans, policies or programs sponsored by the Company are governed solely by the terms of those plans, programs or policies. Participants may
exercise stock options, to the extent that such options are exercisable under their terms. This Plan does not change the eligibility, termination or other provisions for those benefits. 
  
 4.10    The Company may, in its sole and absolute discretion, offer additional benefits or programs
which, if offered, shall be described in appendices to this Plan. 
  
 4.11    The Company reserves the right to offset the benefits payable under Section 4, by any advance, loan or other monies the Participant owes the Company. 

 SECTION 5 — DEATH BENEFITS 
  
 5.1    If a Participant dies before receiving all of his or her severance pay due under this Plan, such
pay will be distributed in one lump sum cash payment to the Executive’s executor or administrator, as applicable. 
  
 5.2    The Administrator may require that any individual or entity purporting to represent a Participant’s estate provide such
proof of such status as the Administrator may deem appropriate, including but not limited to letters testamentary or letters of administration. The Administrator may also require that such individual, as a condition to receiving severance pay, agree
in a provision to be incorporated in the Release Agreement, to indemnify and hold harmless the Administrator and such other persons deemed appropriate by the Administrator for any financial responsibility, liability or expense arising out of a claim
by another party or parties asserting entitlement to all or part of the benefit payable hereunder. In addition, the Company reserves the right to offset the benefits payable under this Section 5 by any advance, loan or other monies the Participant,
with respect to whom the severance pay is being paid, owes the Company. 
  
 SECTION 6 — BENEFIT LIMITATIONS 
  
 6.1    In the event that the Severance Amount and other benefits provided for in this Plan (i) would constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as
amended (the “Code”) and (ii) but for this Section, would be subject to the excise tax imposed by Section 4999 of the Code, then such severance benefits shall be either (i) delivered in full, or (ii) delivered as to the maximum extent
which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax
imposed by Section 4999, results in the receipt by the Executive on an after-tax basis, of the greatest amount of severance benefits under this Plan, notwithstanding that all or some portion of such severance benefits may be taxable under Section
4999 of the Code. 
  
 6.2    A determination
as to whether a reduction of Severance Payments will be made pursuant to Section 6.1 shall be made by the Company or at the Company’s expense by an accounting firm selected by the Company (the “Accounting Firm”). The Company shall
provide its determination (the “Determination”), together with detailed supporting calculations and documentation to the Executive within five days of the Severance Date if applicable, or such other time as requested by the Company or by
the Executive (provided the Executive reasonably believes that any of the Payments may be subject to the Excise Tax). For purposes of making the calculations required by this paragraph, the Accountants may make reasonable assumptions and
approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the 

 Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in
order to make a determination under this Section. Within ten days of the delivery of the Determination to the Executive, the Executive shall have the right to dispute the Determination (the “Dispute”), which shall be subject to the claims
procedures in Section 8. If there is no Dispute, the Determination shall be binding, final and conclusive upon the Company and the Executive subject to the application of Section 6.3 below. 
  
 6.3    In the event the Company shall determine that
payments pursuant to this Plan would constitute an “excess parachute payments” thereby necessitating that Severance Payments be reduced in part if consistent with Section 6.1, the Executive may consult with the Company in determining the
priority in which any benefit payment shall be reduced. Any such joint determination must be made no later than seven (7) days prior to the next regular full-pay cycle, otherwise the Company’s decision of which benefits shall be reduced or
eliminated shall be final. 
  
 SECTION 7 — ADMINISTRATION

  
 7.1    The Company shall have sole
discretionary authority to interpret, apply and administer the terms of the Plan and to determine eligibility for and the amounts of benefits under the Plan, including interpretation of ambiguous Plan provisions, determination of disputed facts or
application of Plan provisions to unanticipated circumstances. The Company’s decision on any such matter shall be final and binding. 
  
 7.2    The Company shall be the administrator of the Plan for purposes of Section 3(16) of ERISA and shall have responsibility for
complying with any ERISA reporting and disclosure rules applicable to the Plan for any Plan Year. The Administrator may at any time delegate to any other named person or body, or reassume therefrom, any of its fiduciary responsibilities (other than
trustee responsibilities as defined in Section 405(c)(3) of ERISA) or administrative duties with respect to this Plan. 
  
 7.3    The Administrator may contract with one or more persons to render advice or services with regard to any responsibility it has
under this Plan. 
  
 7.4    Subject to the
limitations of this Plan, the Administrator shall from time to time establish such rules for the administration of this Plan as the Administrator may deem desirable. 
  
 SECTION 8 — CLAIMS PROCEDURE 
  
 8.1    If a Participant believes he or she has not been provided with severance pay benefits due under
the Plan, then the Participant may file a request for benefits under this Plan with the Human Resources Department or its delegate within ninety (90) days after the date the Participant believes he or she should have received 

 such benefits. If a Participant makes such a request for benefits under the Plan and that claim is denied, in whole or in
part, the Administrator shall notify the Participant of the adverse determination within ninety (90) calendar days unless the Administrator determines that special circumstances require an extension of time for processing. If the Administrator
determines that an extension of time is necessary, written notice shall be furnished to the claimant prior to the end of the initial ninety-day period and the extension shall not exceed ninety days from the original ninety-day period. The extension
notice shall indicate the special circumstances requiring an extension and the date by which the Administrator expects to render a determination. The Administrator shall notify the Participant of the specific reasons for the denial with specific
references to pertinent Plan provisions on which the denial is based and shall notify the Participant of any additional material or information that is needed to perfect the claim and explanation of why such material or information is necessary. At
that time the Participant will be advised of his or her right to appeal that determination, and given an explanation of the Plan’s review and appeal procedure including time limits, and a statement regarding the Participant’s right to
bring a civil action under ERISA section 502(a) following an adverse determination or appeal. 
  
 8.2    A Participant may appeal the determination or denial by submitting to the Administrator within sixty (60) calendar days after receiving a denial notice by: (a) requesting a review by the
Administrator of the claim; (b) setting forth all of the grounds upon which the request for review is based and any facts in support thereof; and (c) setting forth any issues or comments which the Participant deems relevant to the claim. The
Participant may submit written comments, documents, records and other information relating to his claim. Upon request, the Participant may obtain free of charge, copies of all documents and records relevant to his claim. 
  
 8.3    The Administrator shall act upon the appeal taking
into account all comments, documents, records and other information submitted by the Participant without regard to whether such information was submitted or considered in the initial benefit determination and shall render a decision within sixty
(60) days or one hundred twenty (120) days in special circumstances after its receipt of the appeal. If the Administrator determines that an extension of time is necessary, written notice of the extension shall be furnished to the Participant prior
to the end of the initial sixty-day period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Administrator expects to render a determination. The Administrator shall review the
claim and all written materials submitted by the Participant, and may require him or her to submit, within ten (10) days of its written notice, such additional facts, documents, or other evidence as the Administrator in its sole discretion deems
necessary or advisable in making such a review. On the basis of its review, the Administrator shall make an independent determination of the Participant’s eligibility for benefits and the amount of such benefits under the Plan. The decision of
the Administrator on any claim shall be final and conclusive upon all persons if supported by substantial evidence. If the Administrator denies a claim on review in whole or in part, it shall give the Participant written notice of 

 its decision setting forth the following: (a) the specific reasons for the denial and specific references to the
pertinent Plan provisions on which its decision was based; (b) notice that the Participant may obtain free of charge, copies of all documents, records and other information relevant to the Participant’s claim; and (c) a statement of the
Participant’s right to bring a civil action under section 502(a) of ERISA. 
  
 8.4    A Participant or his or her legal representative may appeal any final decision by filing an action in a federal court of competent jurisdiction, provided that such action is filed no later
than 90 days after receipt of a final decision by the Participant or his or her legal representative. 
  
 SECTION 9 — GENERAL 
  
 9.1    The benefits and costs of this Plan shall be paid by the Company out of its general assets. 
  
 9.2    This Plan is intended to be an “employee welfare benefit plan”, as defined in Section 3(1), Subtitle A of Title 1 of
ERISA. The Plan will be interpreted to effectuate this intent. Notwithstanding any other provision of this Plan, no Executive in the event of termination shall receive hereunder any payment exceeding three times that Officer’s annual
compensation during the year immediately preceding the termination of his service, within the meaning of 29 C.F.R. Section 2510.3-2, as the same was in effect on the effective date of this Plan. 
  
 9.3    The Executive and the Company acknowledge that the
employment of the Executive by the Company is “at will” and, prior to the Effective Date, may be terminated by either the Executive or the Company at any time. If prior to the Effective Date, the Executive’s employment with the
Company terminates, the Executive shall have no rights under this Plan. Nothing in this Plan shall be construed to create for any Participant a right of continued employment with the Company. 
  
 SECTION 10 — AMENDMENT AND TERMINATION 
  
 The Company reserves the right to amend this Plan, in whole or in part, or
discontinue or terminate the Plan; provided, however, that any such amendment, discontinuance or termination shall not affect any right of any Participant to claim benefits under the Plan or as in effect prior to such amendment, discontinuance or
termination, for events occurring prior to the date of such amendment, discontinuance or termination. An amendment to this Plan, and/or resolution of discontinuance or termination, may be made by the Administrator, to the extent permitted by
resolution of the Board of Directors. 
  
 [REMAINDER OF PAGE
INTENTIONALLY BLANK] 

 IN WITNESS WHEREOF, the Company has caused its officer, duly authorized by its Board of Directors to
execute the Plan effective as of the 6th day of March, 2003. 
  

	 	 	 	 	HOST MARRIOTT CORPORATION
					
	 	 	 	 	 	 	By:	 	 /s/  Elizabeth A. Abdoo

	 	 	 	 	 	 	 	 	 Name: Elizabeth A. Abdoo
 Title:   Executive Vice President, General Counsel
              and Corporate SecretaryAmendment dated October 5, 2001

 Exhibit 10.1 
  
 AMENDMENT * 
  
 THIS AMENDMENT, to the Bill Payment Services Reseller Agreement dated February 28, 2001 (the “Agreement”) is made as of this 5th day of October,
2001 (the “Effective Date”), by and between the undersigned parties, and does hereby alter, amend, and modify the Agreement and supersedes and takes precedence over any conflicting provisions contained in the Agreement. 
  
 FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby
acknowledged, the undersigned parties agree as follows: 
  
 1.
Defined Terms. Capitalized terms used and not otherwise defined in this Amendment that are defined in the Agreement are used herein with the meanings set forth in the Agreement. “CSP Services” shall mean those services described in
Exhibit A hereto. “Basic CSP Services” and “Total Bill Management” shall have the meaning set forth in Exhibit A hereto. “CSP Performance Standards” mean those service levels described in Exhibit B hereto. 

 
 2. New Services. The Bill Payment Services shall be amended to
include the CSP Services, as such services may be enhanced or amended by Metavante from time to time. Reseller agrees to pay the fees set forth in Exhibit C hereto for the CSP Services. The Performance Standards shall be amended to include the CSP
Performance Standards with respect to the CSP Services. On or before April 1, 2002, Metavante and Reseller shall meet to review Exhibits A, B and C including the CSP fees and CSP Performance Standards, and the parties shall mutually agree upon
reasonable amendments to Exhibits A, B and C. The CSP fees and CSP Performance Standards currently set forth in Exhibits B and C shall expire on April 2, 2002, unless sooner amended by the parties pursuant to the foregoing sentence. 
  
 3. Term. This Amendment shall commence on the Effective Date and end
on the fifth (5th) anniversary of the last day of the month in which the Effective Date occurs (the “Initial Term”). This Amendment shall annually renew for additional terms of one (1) year unless written notice of termination is provided
to the other party within ninety (90) days of the expiration of any term. In the event that the Term of the Agreement shall expire prior to the expiration of this Amendment, the terms of the Agreement shall survive with respect to the CSP Services
only. 
  
 4. Additional Terms. In addition to the terms of
the Agreement, the following terms shall apply with respect to the CSP Services only: 
  

	 	(a)	 	Reseller agrees that, for so long as this Amendment shall remain in effect, it shall not offer, market, promote, or otherwise sell or provide to Customers receiving Metavante’s
other Bill Payment Services (“Pay Anyone Customers”) any services, other than Metavante’s CSP Services, similar to the CSP Services; provided, however, that this obligation shall terminate in the event that Metavante does not, within
the cure period permitted under the Agreement, cure any failure by Metavante to provide the CSP Services in accordance with the CSP Performance Standards. 

  

	 	(b)	 	Reseller and Metavante agree to mutually develop and effect a marketing plan designed to promote Metavante’s CSP services to Pay Anyone Customers and prospective customers for
a period of 12 consecutive months commencing January 1, 2002. During this 12-month period, 

	*	 	CONFIDENTIAL TREATMENT REQUESTED. Portions of this Exhibit have been omitted based on a request for confidential treatment. These portions have been filed separately with the
Commission. 

  

 1 

	 	  	 	Reseller will not enter into any formal or informal marketing or promotional agreements, alliances, or understandings with any other provider of services similar to Metavante’s
CSP services, or enter into discussions or negotiations with any such party regarding any such arrangement. Following such twelve (12) month period, Reseller agrees that it shall not enter into any agreement for such an arrangement with any other
party unless Reseller shall have first negotiated in good faith with Metavante to form such an arrangement. Reseller’s obligations under this Section (b) shall terminate in the event that Metavante does not, within the cure period permitted
under the Agreement, cure any failure by Metavante to provide the CSP Services in accordance with the CSP Performance Standards. 

  

	 	(c)	 	Metavante understands and agrees that Section (b) above shall not prohibit Reseller from offering a bill payment service from a provider other than Metavante to new prospective
clients, if such service is indivisibly integrated with a consolidated electronic bill presentment service similar to Metavante’s CSP Services. 

  

	 	(d)	 	Reseller and Metavante agree to develop a supplemental promotional plan with mutually agreed upon goals, objectives, and milestones designed to promote Metavante’s CSP Services
and increase sales of such services. 

  

	 	(e)	 	Metavante shall pay to Reseller payments totaling no more than ***upon the occurrence of certain conditions as follows: 

  

	 	–	 	A payment in the amount of *** at such time that Reseller shall have achieved either (i) *** “active” users for the Basic CSP Services; or (ii) *** users of the Total Bill
Management Services. 

  

	 	–	 	A payment in the amount of *** when Reseller achieves *** “active” users for the Basic CSP Services. 

  

	 	–	 	A payment in the amount of *** in the event Metavante is unable to provide the CSP Services to Reseller by a mutually agreed upon date. 

  

	 	–	 	A payment in the amount *** in the event Metavante is unable to provide the CSP Services to Customers by a mutually agreed upon date. 

  

	 	  	 	Payments shall be due and payable thirty (30) days following the occurrence of the applicable condition set forth above. Metavante shall also pay any collection fees (including
reasonable attorneys’ fees) incurred by Reseller in collecting payment of the charges and any other amounts for which Metavante is liable under this Agreement. If Metavante fails to pay any amounts due under this Agreement, Metavante shall,
upon demand, pay interest at the rate of 1.5% per month (but in no event higher than the highest interest rate permitted by law) on such delinquent amounts from their due date until the date of payment. 

  

	 	(f)	 	The parties agree to issue a mutually agreed upon joint press release upon initiation of the CSP Services for Reseller, but in no event sooner than January 1, 2002.

  
 Except as expressly modified herein, all other
terms and conditions contained in the Agreement remain in full force and effect. This Agreement may be executed in several counterparts, each of which shall be an original, but all of which together shall constitute one and the same agreement.

	***	 	Omitted pursuant to a confidential treatment request and filed separately with the Commission. 

  

 2 

 IN WITNESS WHEREOF, the parties to this Amendment have caused it to be executed by their duly authorized
officers as of the 5th day of October, 2001. 
  

	 Digital Insight Corporation
 (“Reseller”)
	 	 	 	 Metavante Corporation
 (“Metavante”)

				
	 By:
	 	 /s/ John Dorman
	 	 By:
	 	 /s/ Nancy Langer

	 Name:
	 	 John Dorman
	 	 	 	 Name:
	 	 Nancy Langer

	 Title:
	 	 Chairman & CEO
	 	 	 	 Title:
	 	 President, Electronic Payment & Presentment

				
	 APPROVED BY LEGAL FOR EXECUTION
	 	 	 	 	 	 APPROVED AS TO FORM BY LEGAL

	 TJR
	 	 	 	 	 	 

  
  

 3 

 EXHIBIT A 
  

DEFINITIONS 
  
 “Branded Website” means a website created and maintained by Metavante to be used by the Customer for providing Services to its Users. This website will contain
the design and logos of the Customer (the Customer’s brand) and the functionality of the CSP Services, as defined throughout this Agreement. The website domain name shall be selected by Customer from a list of available domain names that
Metavante has registered in its name and has available for the use of Customers or shall be provided by Customer, if Customer can adequately secure such name and provide a certificate authorizing its use by Metavante in connection with this
Agreement. 
  
 “Customer Marks” means the trademarks, trade names,
service marks, logos and other identifiers used by Customer with respect to their banking or on-line banking services. 
  
 “Basic CSP Services” means the web-based bill consolidation, presentment, storage and archiving services and related customer service to be provided by
Metavante, as more fully described below, which shall interface with the Bill Payment System to permit Users to access the Bill Payment Services. 
  
 “e-bill” means a bill created and presented to Metavante from an electronic source such as a billing service provider or a switch/consolidator. 
  
 “e-bill Distribution” means presentment of an e-bill on a Branded Website through
an interface to a third party provider such as a Billing Service Provider or switch/consolidator. 
  
 “e-bill Payment” means a consumer initiated payment of an e-bill through the Bill Payment System. 
  
 “Total Bill Management” (TBM) means the Basic CSP Service plus a bill consolidation service, where Metavante receives paper statements and e-bills and presents
them to the User electronically through image scanning services. 
  

 4 

 CSP SERVICES 
  
 Subject to the terms and conditions of the Agreement to which this Exhibit B is attached, Metavante will furnish to Reseller the following
CSP Services: 
  
 Branded Package: 

 
 1. Integration Services 
  
 1.1. Metavante will perform or provide the following: 
  
 A. Branded Website. This site will be customized as described in Metavante’s
Customizing Guidelines for a Private Labeled Service, as previously provided to Reseller and as may be revised from time to time. The Branded Website will support access from the browsers listed in the Guidelines. 
  
 B. Access, as needed, to certain Metavante technology, as described in Metavante’s
Channel Partner Integration Applications, previously provided to Reseller, required for Reseller to fulfill the Reseller Obligations in Exhibit C. 
  
 C. Technology integration assistance as required to assist Reseller in the use of the integration applications to be used integrate the Branded Website and
Customers’ websites. 
  
 2. Basic CSP
Services 
  

	A.	 	Host Branded Website 

  

	B.	 	e-bill Distribution. 

  

	C.	 	e-bill Payment 

  

	D.	 	First level User support: Reseller may elect to provide first level User support or may elect to have Metavante provide it. If Reseller elects to have Metavante provide it then
Reseller agrees to pay for this service as shown in Exhibit B. If Reseller is providing first level support then Reseller must have access to and training on the CSR Administrator functions for accessing information needed to respond to Users.
Metavante’ services and support to Reseller regarding Reseller’s User service obligations will receive the same degree of priority as similar service performed for Metavante to other Resellers. Metavante reserves the right to set and
change its User support policies, procedures, and availability as they apply to all users of the Metavante service that are not Users without the consent of Reseller. Metavante will provide User Service training for not more than 10 Reseller
employees as part of the implementation and rollout of the Total Bill Management service. Metavante will host one (1) Reseller User support representative at Metavante’ site to accelerate the learning curve for the User support representative.

  

	E.	 	Second level User support: This is included when Metavante is providing first level support and is required if Reseller is providing first level support. When Reseller is providing
first level support, Metavante will interface with Reseller representatives and, when necessary, with any User directly to solve any questions or problems that may arise related to the Metavante Services. 

  

	F.	 	Data storage/archiving 

  

	G.	 	Data extraction of bill history 

  

 5 

	H.	 	Metavante will provide, as needed, Reseller with access to the CSR Administrator functionality as described in the Guidelines for Reseller’s use in providing User support (as
described in Exhibit C). 

  
 3.
Total Bill Management: 
  
 The Total Bill Management Services shall consist of
Basic CSP Services, plus 
  

	 	–	 	Bill consolidation service, where Metavante receives paper statements and e-bills and presents them to the User electronically, using image scanning services to transform paper
bills designated by the User into electronic documents. 

  

	 	–	 	New Member Kit: Metavante will provide to each new User a New Member Welcome Kit in either hardcopy or electronic form as defined in the Guidelines and priced in Exhibit C. Each kit
will contain materials designed to enable a User to easily initiate Total Bill Management. 

  

	 	–	 	Billing of User: Reseller may elect to (i) provide Metavante with adequate pricing rules to enable Metavante to generate an electronic User bill for the applicable Customer’s
service fee, or (ii) receive service fees in another manner external to TBM. If Reseller elects to have Metavante generate the bill using its pricing rules then Reseller agrees to pay for this service as shown in Exhibit C. 

 

 6 

 Reseller acknowledges that Metavante’s provision of the CSP Services is subject to Reseller’s performance of
the following: 
  
 1. Project Plan &
Schedule 
  
 Reseller and Metavante will jointly prepare and agree to an
implementation plan and schedule for each Customer. Reseller will provide a project manager who will have responsibility and authority to make commitments and ensure appropriate resources are provided to the project to fulfill Reseller’s
implementation activities per the project plan. 
  
 2. Integration 
  
 A. Reseller will perform or provide the following
with respect to the Customer website and/or the Branded Website: 
  

	 	–	 	Logo and related graphics files to be included in the Branded Website and on other branded materials as described in Exhibit B, in electronic format mutually agreed upon between the
parties. 

  

	 	–	 	Add a clickbutton, in a design to be mutually agreed upon between the parties, to the page or area of the Customer website that brings Users to the Branded Website. When login and
authentication is being performed on the Reseller’s hosted websites, the clickbutton must be situated within the secure section of the Customer’s website, reachable by Users only after they have passed Customer’s login or security
screens and signed-up for Customer’s on-line banking services. When User is transferred to a Metavante login page, then User may be transferred from a non-secure area. 

  

	 	–	 	Provide functionality and fully test data transactions for data being transmitted from Reseller’s systems and Customer’s Website to Metavante. Ensure the secure section of
the Customer website supports a minimum standard of 128-bit encryption for data transferred between the Customer website and the Branded Website, or such other higher security standard as the parties may mutually agree upon.

  

	 	–	 	Provide Metavante with Customer’s Privacy Policy for inclusion on the appropriate static page of the Branded Website. 

  
 B. Reseller/Reseller will provide the following: 
  

	 	–	 	Any computer and communications hardware and related software required at its location, including its own internet access services, for Reseller’s use in accessing the
Administrator Module of the Metavante website via the Internet in support of its User and Customer service obligations. 

  
 3. Testing 
  
 A. Reseller will access and test each Branded Website. 
  
 B. Reseller will indicate when all testing has been successfully completed. 
  
 4. User Support – when Reseller is providing first level support: 
  
 A. Reseller agrees to function as the primary provider of User support, as defined herein. 
  
 B. In relation to its User support obligations, Reseller: 
  

	 	–	 	Agrees to provide Users the ability to contact employees or agents of Reseller directly through voice, mail, or electronic mail. 

  

	 	–	 	Agrees to handle Users’ support requests and respond directly to Users. 

  

	 	–	 	Agrees to adhere to Metavante’s User support policies and procedures in any instance where Metavante’s assistance is sought on behalf of a User. 

 

	 	–	 	Agrees to assume all liability for the establishment of User payment methods, include validation of all accounts from which payment may be made. 

  

 7 

 EXHIBIT B 
 CSP PERFORMANCE STANDARDS *** 

	***	 	Omitted pursuant to a confidential treatment request and filed separately with the Commission. 

  

 8 

 EXHIBIT C 
 CSP FEES AND CHARGES *** 

	***	 	Omitted pursuant to a confidential treatment request and filed separately with the Commission. 

  

 9

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