Document:

Exhibit 10.9

 

OPEN LINK FINANCIAL, INC.

 

2006 Stock Option and Grant Plan

 

SECTION 1. GENERAL PURPOSE OF THE PLAN; DEFINITIONS

 

The name of the plan is the Open Link Financial, Inc. 2006 Stock
Option and Grant Plan (the “Plan”). The purpose of the Plan is to encourage and
enable the officers, employees, directors and other key persons (including
consultants and prospective employees) of Open Link Financial, Inc., a
Delaware corporation (including any successor entity, the “Company”), and its
Subsidiaries, upon whose judgment, initiative and efforts the Company largely
depends for the successful conduct of its business, to acquire a proprietary
interest in the Company. It is anticipated that providing such persons with a
direct stake in the Company’s welfare will assure a closer identification of
their interests with those of the Company, thereby stimulating their efforts on
the Company’s behalf and strengthening their desire to remain with the Company.

 

The following terms shall be defined as set forth below:

 

“Act” means the
Securities Act of 1933, as amended, and the rules and regulations
thereunder.

 

“Award” or “Awards,” except where referring to a
particular category of grant under the Plan, shall include Incentive Stock
Options, Non-Qualified Stock Options, Restricted Stock Awards, Unrestricted
Stock Awards, or any combination of the foregoing.

 

“Board” means the
Board of Directors of the Company or its successor entity.

 

“Cause” means
dismissal as a result of (i) the commission of any act by a grantee constituting
financial dishonesty against the Company or its Subsidiaries (which act would
be chargeable as a crime under applicable law); (ii) a grantee’s engaging
in any other act of dishonesty, fraud, intentional misrepresentation, moral
turpitude, illegality or harassment which, as determined in good faith by the
Board, would: (A) materially adversely affect the business or the
reputation of the Company or any of its Subsidiaries with their respective
current or prospective customers, suppliers, lenders and/or other third parties
with whom such entity does or might do business; or (B) expose the Company
or any of its Subsidiaries to a risk of civil or criminal legal damages,
liabilities or penalties; (iii) the repeated willful failure by a grantee
to follow the directives of the chief executive officer of the Company or any
of its Subsidiaries, the Board, or the board of directors of any of the Company’s
Subsidiaries or (iv) any material misconduct, material violation of the
Company’s written policies, or willful and deliberate nonperformance of duty by
the grantee in connection with the business affairs of the Company or its
Subsidiaries. [In the event  a grantee is a party to an employment agreement with
the Company, its Subsidiaries or any successor entity that contains a different
definition of “cause,” the definition set forth in such other agreement shall
be applicable to such grantee for purposes of this Plan and not this
definition.]

 

 

“Code” means the Internal Revenue Code of 1986, as
amended, and any successor Code, and related rules, regulations and
interpretations.

 

“Committee” means the Committee of the Board referred to
in Section 2.

 

“Effective Date” means the date on which the Plan is approved
by stockholders as set forth at the end of this Plan.

 

“Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder.

 

“Fair Market Value” of the Stock on any given date means the fair
market value of the Stock determined in good faith by the Committee based on an
independent third party appraisal (an “Appraisal”) of the Stock obtained within
the six-month period before or after the date as of which the fair market value
is being determined or, if no such Appraisal has been obtained within such
period, based on an Appraisal obtained promptly after the date the Committee
determines that a determination of fair market value is required; provided,
however, that (i) if the Stock trades on a national securities
exchange, the Fair Market Value on any given date is the closing sale price on
such date; (ii) if the Stock does not trade on any national securities
exchange but is admitted to trading on NASDAQ, the Fair Market Value on any
given date is the closing sale price as reported by NASDAQ on such date; or if
no such closing sale price information is available, the average of the highest
bid and lowest asked prices for the Stock reported on such date. For any date
that is not a trading day, the Fair Market Value of the Stock for such date
will be determined by using the closing sale price or the average of the
highest bid and lowest asked prices, as appropriate, for the immediately
preceding trading day. The Committee can substitute a particular time of day or
other measure of closing sale price if appropriate because of changes in
exchange or market procedures. Notwithstanding the foregoing, if the date for
which Fair Market Value is determined is the first day when trading prices for
the Stock are reported on NASDAQ or trading on a national securities exchange,
the Fair Market Value shall be the “Price to the Public” (or equivalent) set
forth on the cover page for the final prospectus relating to the Company’s
Initial Public Offering.

 

“Good Reason” means the occurrence of any of the following
events: (i) a substantial adverse change in the nature or scope of the
grantee’s responsibilities, authorities, powers, functions or duties; (ii) a
reduction in the grantee’s annual base salary except for across-the-board
salary reductions similarly affecting all or substantially all management
employees; or (iii) the relocation of the offices at which the grantee is
principally employed to a location more than 50 miles from such offices. [In the event a grantee is a party to an employment
agreement with the Company or any successor entity that contains a different
definition of “good reason,” the definition set forth in such  other agreement shall be
applicable to such grantee for purposes of this Plan and not this definition.]

 

“Incentive Stock Option” means any Stock Option designated and
qualified as an “incentive stock option” as defined in Section 422 of the
Code.

 

“Initial Public Offering” means the consummation of the first fully
underwritten, firm commitment public offering pursuant to an effective
registration statement under the Act

 

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covering
the offer and sale by the Company of its equity securities, as a result of or
following which the Stock shall be publicly held.

 

“NASDAQ”
means the Nasdaq Stock Market, including the Nasdaq National Market and the
Nasdaq SmallCap Market.

 

“Non-Qualified Stock Option” means any Stock Option that is not an
Incentive Stock Option.

 

“Option” or “Stock
Option” means any option to
purchase shares of Stock granted pursuant to Section 5.

 

“Restricted Stock Award” means Awards granted pursuant to Section 6.

 

“Stock” means the Common Stock, par value $0.001 per share, of the Company,
subject to adjustments pursuant to Section 3.

 

“Subsidiary” means any corporation or other entity (other than the Company) in any
unbroken chain of corporations or other entities beginning with the Company if
each of the corporations or entities (other than the last corporation or entity
in the unbroken chain) owns stock or other interests possessing fifty percent (50%)
or more of the economic interest or fifty percent (50%) or more of the total
combined voting power of all classes of stock or other interests in one of the
other corporations or entities in the chain.

 

“Unrestricted Stock Award” means any Award granted pursuant to Section 7.

 

SECTION 2. ADMINISTRATION OF PLAN;
COMMITTEE AUTHORITY TO SELECT GRANTEES AND DETERMINE  AWARDS

 

(a)                                  Administration of
Plan. The Plan shall be
administered by the Board, or at the discretion of the Board, by a committee of
the Board, comprised, except as contemplated by Section 2(c), of not less
than two (2) Directors. All references herein to the Committee shall be
deemed to refer to the group then responsible for administration of the Plan at
the relevant time (i.e., either the Board of Directors or a committee or
committees of the Board, as applicable).

 

(b)                                 Powers of Committee. The Committee shall have the power and
authority to grant Awards consistent with the terms of the Plan, including the
power and authority:

 

(i)                                     to select the individuals to whom Awards may
from time to time be granted;

 

(ii)                                  to determine the time or times of grant, and
the extent, if any, of Incentive Stock Options, Non-Qualified Stock Options,
Restricted Stock Awards, Unrestricted Stock Awards, or any combination of the
foregoing, granted to any one or more grantees;

 

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(iii)                                  to determine the
number of shares of Stock to be covered by any Award and, subject to the
provisions of Section 5(a)(i) below, the price, exercise price,
conversion ratio or other price relating thereto;

 

(iv)                                   to determine and,
subject to Section 10, to modify from time to time the terms and
conditions, including restrictions, not inconsistent with the terms of the
Plan, of any Award, which terms and conditions may differ among individual
Awards and grantees, and to approve the form of written instruments evidencing
the Awards;

 

(v)                                      to accelerate at
any time the exercisability or vesting of all or any portion of any Award;

 

(vi)                                   to impose any
limitations on Awards granted under the Plan, including limitations on
transfers, repurchase provisions and the like and to exercise repurchase rights
or obligations;

 

(vii)                                subject any
restrictions applicable to Incentive Stock Options, to extend at any time the
period in which Stock Options may be exercised; and

 

(viii)                             at any time to adopt,
alter and repeal such rules, guidelines and practices for administration of the
Plan and for its own acts and proceedings as it shall deem advisable; to
interpret the terms and provisions of the Plan and any Award (including related
written instruments); to make all determinations it deems advisable for the
administration of the Plan; to decide all disputes arising in connection with
the Plan; and to otherwise supervise the administration of the Plan.

 

All decisions and interpretations of the Committee shall be binding on
all persons, including the Company and Plan grantees.

 

(c)                                  Delegation of
Authority to Grant Awards. The Committee, in its discretion, may delegate
to the Chief Executive Officer of the Company all or part of the Committee’s
authority and duties with respect to the granting of Awards at Fair Market
Value, and in the event of such delegation, such Chief Executive Officer shall
be deemed a one-person Committee of the Board. Any such delegation by the
Committee shall include a limitation as to the amount of Awards that may be
granted during the period of the delegation and shall contain guidelines as to
the determination of the exercise price of any Option, the conversion ratio or
price of other Awards and the vesting criteria. Any such delegation by the
Committee shall also provide that the Chief Executive Officer may not grant
awards to himself or herself without the approval of the Board. The Committee
may revoke or amend the terms of a delegation at any time but such action shall
not invalidate any prior actions of the Committee’s delegate or delegates that
were consistent with the terms of the Plan.

 

(d)                                 Indemnification.
Neither the Board nor the Committee, nor any member of either or any delegatee
thereof, shall be liable for any act, omission, interpretation, construction or
determination made in good faith in connection with the Plan, and the members
of the Board and the Committee (and any delegatee thereof) shall be entitled in
all cases to indemnification and reimbursement by the Company in respect of any
claim, loss, damage or expense (including, without limitation, reasonable
attorneys’ fees and expenses) arising or resulting therefrom to the

 

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fullest extent permitted by law and/or under any directors’ and
officers’ liability insurance coverage which may be in effect from time to
time.

 

(e)                                  Deferral
Arrangement. The Committee may establish rules and procedures setting
forth the circumstances under which the distribution or the receipt of Stock
and other amounts payable with respect to an Award shall be deferred either
automatically or at the election of the grantee and whether and to what extent the
Company shall pay or credit amounts constituting interest (at rates determined
by the Committee) or dividends or deemed dividends on such deferrals.

 

SECTION 3. STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION

 

(a)                                  Stock Issuable.
The maximum number of shares of Stock reserved and available for issuance under
the Plan shall be [                        ]
shares of Stock, subject to adjustment as provided in Section 3(b). For
purposes of this limitation, the shares of Stock underlying any Awards which
are forfeited, canceled, reacquired by the Company, satisfied without the
issuance of Stock or otherwise terminated (other than by exercise) shall be
added back to the shares of Stock available for issuance under the Plan. If the
exercise price of any Award is satisfied by tendering shares of stock to the
Company (either by actual delivery or by attestation) only the number of shares
of stock issued, net of shares of stock tendered, shall be deemed delivered for
purposes of determining the maximum number of shares of Stock available for
Awards under the Plan. Subject to such overall limitation, shares of Stock may
be issued up to such maximum number pursuant to any type or types of Award; provided,
however, that from and after the date the Company becomes subject to the
deduction limit imposed by Section 162(m) of the Code, Stock Options
with respect to no more than [                         ]
shares of Stock may be granted to any one individual grantee during any one
calendar year period. The shares available for issuance under the Plan may be
authorized but unissued shares of Stock or shares of Stock reacquired by the
Company and held in its treasury.

 

(b)                                 Changes in Stock.
Subject to Section 3(c) hereof, if, as a result of any
reorganization, recapitalization, reclassification, stock dividend, stock
split, reverse stock split or other similar change in the Company’s capital
stock, the outstanding shares of Stock are increased or decreased or are
exchanged for a different number or kind of shares or other securities of the
Company, or additional shares or new or different shares or other securities of
the Company or other non-cash assets are distributed with respect to such
shares of Stock or other securities, or, if, as a result of any merger,
consolidation or sale of all or substantially all of the assets of the Company,
the outstanding shares of Stock are converted into or exchanged for a different
number or kind of securities of the Company or any successor entity (or a
parent or subsidiary thereof), the Committee shall make an appropriate and
equitable, or proportionate, adjustment in (i) the maximum number of
shares reserved for issuance under the Plan, (ii) if applicable, the
number of Stock Options that can be granted to any one individual grantee, (iii) the
number and kind of shares or other securities subject to any then outstanding
Awards under the Plan, (iv) the repurchase price per share subject to each
outstanding Restricted Stock Award, and (v) the exercise price and/or
exchange price for each share subject to any then outstanding Stock Options
under the Plan, without changing the aggregate exercise price (i.e., the
exercise price multiplied by the number of Stock Options ) as to which such
Stock Options remain

 

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exercisable. The adjustment by the Committee shall be final, binding
and conclusive. No fractional shares of Stock shall be issued under the Plan
resulting from any such adjustment, but the Committee in its discretion may
make a cash payment in lieu of fractional shares.

 

The Committee may also adjust the number of shares subject to
outstanding Awards and the exercise price and the terms of outstanding Awards
to take into consideration material changes in accounting practices or
principles, extraordinary dividends, acquisitions or dispositions of stock or
property or any other event if it is determined by the Committee that such
adjustment is equitable and is appropriate to avoid distortion in the operation
of the Plan, provided  that no such adjustment shall be made in
the case of an Incentive Stock Option, without the consent of the grantee, if
it would constitute a modification, extension or renewal of the Option within
the meaning of Section 424(h) of the Code.

 

(c)                                  Mergers and Other
Sale Events. In the case of and subject to the consummation, in any one
transaction or series of related transactions, of (i) the dissolution or
liquidation of the Company, (ii) the sale of all or substantially all of
the assets of the Company on a consolidated basis to an unrelated person or
entity, (iii) a merger, reorganization or consolidation involving the
Company in which the holders of the Company’s outstanding voting power
immediately prior to such transaction do not own a majority of the outstanding
voting power of the successor entity immediately upon completion of such
transaction, (iv) the sale of all or a majority of the outstanding capital
stock of the Company to an unrelated person or entity or (v) any other
transaction in which the owners of the Company’s outstanding voting power prior
to such transaction do not own at least a majority of the outstanding voting
power of the successor entity immediately upon completion of the transaction
(in each case, regardless of the form thereof, a “Sale Event”), unless
otherwise provided in the Award agreement, the Plan and all outstanding Options
issued hereunder shall terminate upon the effective time of any such Sale
Event, unless provision is made in connection with such transaction in the sole
discretion of the parties thereto for the assumption or continuation of Options
theretofore granted (after taking into account any acceleration hereunder) by
the successor entity, or the substitution of such Options with new Options of
the successor entity or a parent or subsidiary thereof, with such adjustment as
to the number and kind of shares and the per share exercise prices as such
parties shall agree (after taking into account any acceleration, if any,
hereunder). In the event of such termination, each grantee shall be permitted,
within a specified period of time prior to the consummation of the Sale Event
as determined by the Committee, to exercise all outstanding Options held by
such grantee which are then exercisable or will become exercisable as of the
effective time of the Sale Event; provided, however, that the
exercise of Options not exercisable prior to the Sale Event shall be subject to
the consummation of the Sale Event. The treatment of Restricted Stock Awards in
connection with any such transaction shall be as specified in the relevant
Award agreement.

 

(d)                                 Substitute Awards.
The Committee may grant Awards under the Plan in substitution for similar stock
based awards held by employees, directors or other key persons of another
corporation in connection with a merger or consolidation of the employing
corporation with the Company or a Subsidiary or the acquisition by the Company
or a Subsidiary of property or stock of the employing corporation. The
Committee may direct that the substitute awards be granted on such terms and
conditions as the Committee considers appropriate in the

 

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circumstances. Any substitute Awards granted under the Plan shall not
count against the share limitation set forth in Section 3(a).

 

SECTION 4. ELIGIBILITY

 

Grantees in the Plan will be such full or part-time officers,
employees, directors, and other key persons (including prospective employees,
but conditioned on their employment, and consultants) of the Company and its
Subsidiaries who are responsible for, or contribute to, the management, growth
or profitability of the Company and its Subsidiaries as are selected from time
to time by the Committee in its sole and absolute discretion; provided,
however, that an Incentive Stock Option may be granted only to a person who, at
the time the Incentive Stock Option is granted, is an employee of the Company
or any of its Subsidiaries.

 

SECTION 5. STOCK OPTIONS

 

Any Stock Option granted under the Plan shall be pursuant to a Stock
Option Agreement which shall be in such form as the Committee may from time to
time approve. Option agreements need not be identical.

 

Stock Options granted under the Plan may be either Incentive Stock
Options or Non- Qualified Stock Options. Incentive Stock Options may be granted
only to employees of the Company or any Subsidiary that is a “subsidiary
corporation” within the meaning of Section 424(f) of the Code. To the
extent that any Option does not qualify as an Incentive Stock Option, it shall
be deemed a Non-Qualified Stock Option.

 

No Incentive Stock Option shall be granted under the Plan after the
date which is ten (10) years from the date the Plan is approved by the
Board.

 

(a)                                  Terms of Stock
Options. Stock Options granted under the Plan shall be subject to the following
terms and conditions and shall contain such additional terms and conditions,
not inconsistent with the terms of the Plan, as the Committee shall deem
desirable. If the Committee so determines, Stock Options may be granted in lieu
of cash compensation at the grantee’s election, subject to such terms and
conditions as the Committee may establish, as well as in addition to other
compensation.

 

(i)                                     Exercise Price.
The exercise price per share for the Stock covered by a Stock Option shall be
determined by the Committee at the time of grant but in the case of Incentive
Stock Options shall not be less than one hundred percent (100%) of the Fair
Market Value on the date of grant. If an employee owns or is deemed to own (by
reason of the attribution rules of Section 424(d) of the Code)
more than ten percent (10%) of the combined voting power of all classes of
stock of the Company or any parent or subsidiary corporation and an Incentive
Stock Option is granted to such employee, the option price of such Incentive
Stock Option shall be not less than one hundred ten percent (110%) of the Fair
Market Value on the grant date.

 

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(ii)                                  Option Term.
The term of each Stock Option shall be fixed by the Committee, but no Stock
Option shall be exercisable more than ten (10) years after the date the
Stock Option is granted. If an employee owns or is deemed to own (by reason of
the attribution rules of Section 424(d) of the Code) more than
ten percent (10%) of the combined voting power of all classes of stock of the
Company or any parent or subsidiary corporation and an Incentive Stock Option
is granted to such employee, the term of such Stock Option shall be no more
than five (5) years from the date of grant.

 

(iii)                               Exercisability;
Rights of a Stockholder. Stock Options shall become exercisable at such
time or times, whether or not in installments, as shall be determined by the
Committee at or after the grant date. The Committee may at any time accelerate
the exercisability of all or any portion of any Stock Option. An optionee shall
have the rights of a stockholder only as to shares acquired upon the exercise
of a Stock Option and not as to unexercised Stock Options.

 

(iv)                              Method of Exercise.
Stock Options may be exercised in whole or in part, by giving written notice of
exercise to the Company, specifying the number of shares to be purchased.
Payment of the purchase price may be made by one or more of the following
methods (or any combination thereof) to the extent provided in the Award
agreement or as otherwise provided by the Committee:

 

(A)                              In
cash, by certified or bank check or by wire transfer of immediately available
funds, or other instrument acceptable to the Committee in U.S. funds payable to
the order of the Company in an amount equal to the purchase price of such
shares issuable pursuant to the Award;

 

(B)                                If
permitted by the Committee, through the delivery (or attestation to the
ownership) of shares of Stock that have been purchased by the optionee on the
open market or are beneficially owned by the optionee and are not then subject
to restrictions under any Company plan. To the extent required to avoid
variable accounting treatment under FAS 123R or other applicable accounting
rules, such surrendered shares shall have been owned by the optionee for at
least six months. Such surrendered shares shall be valued at Fair Market Value
on the exercise date;

 

(C)                                If
the Initial Public Offering has occurred and if permitted by the Committee, by
the optionee delivering to the Company a properly executed exercise notice
together with irrevocable instructions to a broker to promptly deliver to the
Company cash or a check payable and acceptable to the Company to pay the
purchase price; provided  that in the event the optionee chooses
to pay the purchase price as so provided, the optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and
other agreements as the Committee shall prescribe as a condition of such
payment procedure.

 

Payment instruments will be received subject to collection. No
certificates for shares of Stock so purchased will be issued to optionee until
the Company has completed all steps required by law to be taken in connection
with the issuance and sale of the shares, including without limitation (i) receipt
of a representation from the optionee at the time of exercise of the Option

 

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that the optionee is purchasing the shares for the optionee’s own
account and not with a view to any sale or distribution thereof, (ii) the
legending of any certificate representing the shares to evidence the foregoing
representations and restrictions, and (iii) obtaining from optionee
payment or provision for all withholding taxes due as a result of the exercise
of the Option. The delivery of certificates representing the shares of Stock to
be purchased pursuant to the exercise of a Stock Option will be contingent upon
receipt from the optionee (or a purchaser acting in his or her stead in accordance
with the provisions of the Stock Option) by the Company of the full purchase
price for such shares and the fulfillment of any other requirements contained
in the Option Award agreement or applicable provisions of laws. In the event an
optionee chooses to pay the purchase price by previously-owned shares of Stock
through the attestation method, the shares of Stock transferred to the optionee
upon the exercise of the Stock Option shall be net of the number of shares
attested to.

 

(b)                                 Annual Limit on Incentive
Stock Options. To the extent required for “incentive stock option”
treatment under Section 422 of the Code, the aggregate Fair Market Value
(determined as of the time of grant) of the shares of Stock with respect to
which Incentive Stock Options granted under this Plan and any other plan of the
Company or its parent and Subsidiaries become exercisable for the first time by
an optionee during any calendar year shall not exceed $100,000. To the extent
that any Stock Option exceeds this limit, it shall constitute a Non- Qualified
Stock Option.

 

(c)                                  Non-transferability
of Options. No Stock Option shall be transferable by the optionee otherwise
than by will or by the laws of descent and distribution and all Stock Options
shall be exercisable, during the optionee’s lifetime, only by the optionee, or
by the optionee’s legal representative or guardian in the event of the optionee’s
incapacity. Notwithstanding the foregoing, the Committee, in its sole
discretion, may provide in the Award agreement regarding a given Option that
the optionee may transfer, without consideration for the transfer, his or her
Non-Qualified Stock Options to members of his or her immediate family, to
trusts for the benefit of such family members, or to partnerships in which such
family members are the only partners, provided  that the
transferee agrees in writing with the Company to be bound by all of the terms
and conditions of this Plan and the applicable Option.

 

SECTION 6. RESTRICTED STOCK AWARDS

 

(a)                                  Nature of
Restricted Stock Awards. A Restricted Stock Award is an Award pursuant to
which the Company may, in its sole discretion, grant or sell, at such purchase
price as determined by the Committee, in its sole discretion, shares of Stock
subject to such restrictions and conditions as the Committee may determine at
the time of grant (“Restricted Stock”), which purchase price shall be payable
in cash or other form of consideration acceptable to the Committee. Conditions
may be based on continuing employment (or other service relationship) and/or
achievement of pre-established performance goals and objectives. The terms and
conditions of each such agreement shall be determined by the Committee, and
such terms and conditions may differ among individual Awards and grantees, all
of whom must be eligible persons under Section 4 hereof.

 

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(b)                                 Rights as a
Stockholder. Upon execution of a written instrument setting forth the
Restricted Stock Award and payment of any applicable purchase price, a grantee
shall have the rights of a stockholder with respect to the voting of the
Restricted Stock, subject to such conditions contained in the written
instrument evidencing the Restricted Stock Award. Unless the Committee shall
otherwise determine, certificates evidencing the Restricted Stock shall remain
in the possession of the Company until such Restricted Stock is vested as
provided in subsection (d) below of this Section, and the grantee shall be
required, as a condition of the grant, to deliver to the Company a stock power
endorsed in blank.

 

(c)                                  Restrictions.
Restricted Stock may not be sold, assigned, transferred, pledged or otherwise
encumbered or disposed of except as specifically provided herein or in the
Restricted Stock Award agreement. If a grantee’s employment (or other service
relationship) with the Company and its Subsidiaries terminates under the
conditions specified in the relevant instrument relating to the Award, or upon
such other event or events as may be stated in the instrument evidencing the
Award, the Company or its assigns shall have the right or shall agree, as may
be specified in the relevant instrument, to repurchase some or all of the
shares of Stock subject to the Award at such purchase price as is set forth in
such instrument.

 

(d)                                 Vesting of
Restricted Stock. The Committee at the time of grant shall specify the date
or dates and/or the attainment of pre-established performance goals, objectives
and other conditions on which Restricted Stock shall become vested, subject to
such further rights of the Company or its assigns as may be specified in the
instrument evidencing the Restricted Stock Award.

 

(e)                                  Waiver, Deferral
and Reinvestment of Dividends. The Restricted Stock Award agreement may
require or permit the immediate payment, waiver, deferral or investment of
dividends paid on the Restricted Stock.

 

SECTION 7. UNRESTRICTED STOCK AWARDS

 

(a)                                  Grant or Sale of
Unrestricted Stock. The Committee may, in its sole discretion, grant (or
sell at par value or such higher purchase price determined by the Committee) an
Unrestricted Stock Award to any grantee, pursuant to which such grantee may
receive shares of Stock free of any vesting restrictions (“Unrestricted Stock”)
under the Plan. Unrestricted Stock Awards may be granted or sold as described
in the preceding sentence in respect of past services or other valid
consideration, or in lieu of any cash compensation due to such individual.

 

(b)                                 Elections to
Receive Unrestricted Stock In Lieu of Compensation. Upon the request of an
eligible person under Section 4 hereof and with the consent of the
Committee, each such grantee may, pursuant to an advance written election
delivered to the Company no later than the date specified by the Committee,
receive a portion of the cash compensation otherwise due to such grantee in the
form of shares of Unrestricted Stock either currently or on a deferred basis.

 

(c)                                  Restrictions on
Transfers. The right to receive shares of Unrestricted Stock on a deferred
basis may not be sold, assigned, transferred, pledged or otherwise encumbered,
other than by will or the laws of descent and distribution.

 

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SECTION 8. TAX WITHHOLDING

 

Each grantee shall, no later than the date as of which the value of an
Award or of any Stock or other amounts received thereunder first becomes
includable in the gross income of the grantee for Federal income tax purposes,
pay to the Company, of make arrangements satisfactory to the Committee
regarding payment of, any federal, state, or local taxes of any kind required
by law to be withheld with respect to such income. The Company and its
Subsidiaries shall, to the extent permitted by law, have the right to deduct
any such taxes from any payment of any kind otherwise due to the grantee. The Company’s
obligation to deliver stock certificates to any grantee is subject to and
conditioned on any such tax obligations being satisfied by the grantee.

 

SECTION 9. TRANSFER, LEAVE OF ABSENCE, ETC.

 

For purposes of the Plan, the following events shall not be deemed a
termination of employment:

 

(a)                                  a transfer to the
employment of the Company from a Subsidiary or from the Company to a
Subsidiary, or from one Subsidiary to another; or

 

(b)                                 an approved leave of
absence for military service, sickness or disability, or for any other purpose
approved by the Company, if the employee’s right to re-employment is guaranteed
either by a statute or by contract or under the policy pursuant to which the
leave of absence was granted or if the Committee otherwise so provides in
writing.

 

SECTION 10. AMENDMENTS AND TERMINATION

 

The Board may, at any time, amend or discontinue the Plan and the
Committee may, at any time, amend or cancel any outstanding Award (or provide
substitute Awards at the same or a reduced exercise or purchase price or with
no exercise or purchase price in a manner not inconsistent with the terms of
the Plan, provided that such price, if any, must satisfy the requirements which
would apply to the substitute or amended Award if it were then initially granted
under this Plan for the purpose of satisfying changes in law or for any other
lawful purpose), but no such action shall adversely affect rights under any
outstanding Award without the holder’s consent. In addition, to the extent
determined by the Committee to be required by the Code to ensure that Incentive
Stock Options granted under the Plan are qualified under Section 422 of
the Code, Plan amendments shall be subject to approval by the Company’s
stockholders who are entitled to vote at a meeting of stockholders. Nothing in
this Section 10 shall limit the Board’s or Committee’s authority to take
any action permitted pursuant to Section 3(c).

 

SECTION 11. STATUS OF PLAN

 

With respect to the portion of any Award that has not been exercised
and any payments in cash, Stock or other consideration not received by a
grantee, a grantee shall have no rights greater than those of a general
creditor of the Company unless the Committee shall otherwise

 

11

 

expressly determine in connection with any Award or Awards. In its sole
discretion, the Committee may authorize the creation of trusts or other
arrangements to meet the Company’s obligations to deliver Stock or make
payments with respect to Awards hereunder, provided  that the
existence of such trusts or other arrangements is consistent with the foregoing
sentence.

 

SECTION 12. GENERAL PROVISIONS

 

(a)                                  No Distribution;
Compliance with Legal Requirements. The Committee may require each person
acquiring Stock pursuant to an Award to represent to and agree with the Company
in writing that such person is acquiring the shares without a view to
distribution thereof. No shares of Stock shall be issued pursuant to an Award
until all applicable securities law and other legal and stock exchange or
similar requirements have been satisfied. The Committee may require the placing
of such stop-orders and restrictive legends on certificates for Stock and
Awards as it deems appropriate.

 

(b)                                 Delivery of Stock
Certificates. Stock certificates to grantees under this Plan shall be
deemed delivered for all purposes when the Company or a stock transfer agent of
the Company shall have mailed such certificates in the United States mail,
addressed to the grantee, at the grantee’s last known address on file with the
Company.

 

(c)                                  Other Compensation
Arrangements; No Employment Rights. Nothing contained in this Plan shall
prevent the Board from adopting other or additional compensation arrangements,
including trusts, and such arrangements may be either generally applicable or
applicable only in specific cases. The adoption of this Plan and the grant of
Awards do not confer upon any employee any right to continued employment with
the Company or any Subsidiary.

 

(d)                                 Trading Policy
Restrictions. Option exercises and other Awards under the Plan shall be
subject to such Company’s insider-trading-policy-related restrictions, terms
and conditions as may be established by the Committee, or in accordance with
policies set by the Committee, from time to time.

 

(e)                                  Loans to Award
Recipients. The Company shall have the authority, to the extent permitted
by law, to make loans to recipients of Awards hereunder (including to
facilitate the purchase of shares) and shall further have the authority to
issue shares for promissory notes hereunder.

 

(f)                                    Designation
of Beneficiary. Each grantee to whom an Award has been made under the Plan
may designate a beneficiary or beneficiaries to exercise any Award or receive
any payment of stock under any Award payable on or after the grantee’s death.
Any such designation shall be on a form provided for that purpose by the
Committee and shall not be effective until received by the Committee. If no
beneficiary has been designated by a deceased grantee, or if the designated
beneficiaries have predeceased the grantee, the beneficiary shall be the
grantee’s estate.

 

12

 

SECTION 13. EFFECTIVE DATE OF PLAN

 

This Plan shall become effective upon
approval by the stockholders in accordance with applicable law. Subject to such
approval by the stockholders and to the requirement that no Stock may be issued
hereunder prior to such approval, Stock Options and other Awards may be granted
hereunder on and after adoption of this Plan by the Board.

 

SECTION 14. GOVERNING LAW

 

This Plan and all Awards and actions taken
thereunder shall be governed by, and construed in accordance with, the laws of
the State of Delaware, applied without regard to conflict of law principles.

 

	
  ADOPTED BY BOARD OF DIRECTORS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  APPROVED BY STOCKHOLDERS:

  	
   

  	
   

  

 

 

13

 

OPENLINK FINANCIAL, INC.

 

AMENDMENT

 

TO

 

2006 STOCK OPTION AND GRANT PLAN

 

WHEREAS, the Board of Directors and the stockholders of OpenLink
Financial, Inc. (the “Corporation”) approved and adopted the 2006 Stock
Option and Grant Plan (the “2006 Plan”) of the Corporation; and

 

WHEREAS, the Board of Directors of the Corporation has determined that
it is in the best interest of the Corporation to amend the 2006 Plan as set
forth in this Amendment.

 

NOW, THEREFORE, the 2006 Plan is amended as follows:

 

1.                                    Amendment
of the 2006 Option Plan.

 

1.01.                     Section 3(a) of the 2006 Plan is hereby amended and
restated in its entirety to read as follows:

 

“Stock Issuable. The maximum number of
shares of Stock reserved and available for issuance under the Plan shall be
5,225,000 shares of Stock, subject to adjustment as provided in Section 3(b).
For purposes of this limitation, the shares of Stock underlying any Awards
which are forfeited, canceled, reacquired by the Company, satisfied without the
issuance of Stock or otherwise terminated (other than by exercise) shall be
added back to the shares of Stock available for issuance under the Plan. If the
exercise price of any Award is satisfied by tendering shares of stock to the
Company (either by actual delivery or by attestation) only the number of shares
of stock issued, net of shares of stock tendered, shall be deemed delivered for
purposes of determining the maximum number of shares of Stock available for
Awards under the Plan. Subject to such overall limitation, shares of Stock may
be issued up to such maximum number pursuant to any type or types of Award; provided,
however, that from and after the date the Company becomes subject to the
deduction limit imposed by Section 162(m) of the Code, Stock Options with
respect to no more than 200,000 shares of Stock may be granted to any one
individual grantee during any one calendar year period. The shares available
for issuance under the Plan may be authorized but unissued shares of Stock or
shares of Stock reacquired by the Company and held in its treasury.”

 

 

2.                                    Miscellaneous.

 

2.01.                     Effect. Except as amended hereby, the 2006 Plan shall remain in full force
and effect.

 

2.02.                     Defined Terms. All capitalized terms used but not
specifically defined herein shall have the same meanings given such terms in
the 2006 Plan unless the context clearly indicates or dictates a contrary
meaning.

 

2.03.                     Governing Law. This Amendment shall be governed by, and
construed in accordance with, the laws of the State of Delaware, applied
without regard to conflict of law principles.

 

 

	
  ADOPTED
  BY BOARD OF DIRECTORS:

  	
  July
  16, 2007

  
	
   

  	
   

  
	
  APPROVED
  BY STOCKHOLDERS:

  	
  July
  16, 2007Exhibit 10.10

 

OPEN LINK FINANCIAL, INC.

 

RETENTION BONUS PLAN

 

1.             Purpose. The purpose of this Retention Bonus Plan (the “Plan”)
of Open Link Financial, Inc., a Delaware corporation (the “Company”), is
provide an incentive to selected key employees of the Company to remain
employed with the Company for a period of three years from the Effective Date.

 

2.             Definitions. The following terms as used in the Plan shall have
the following meanings:

 

(a)           “Administrator” means Coleman Fung.

 

(b)           “Bonus Escrow Fund” means the account established under an Escrow
Agreement dated as of the Effective Date among the Investors (as defined
therein), OLF Acquisition Corp., the Administrator and Mellon Trust of New
England, N.A., which shall be credited with the Initial Deposit, reduced by
distributions to or on behalf of Participants, and adjusted to reflect
investment performance.

 

(c)           “Cause” means a dismissal that is determined by the Administrator to be
as a result of (i) the commission of any act by the Participant constituting
financial dishonesty against the Company or its subsidiaries (which act would
be chargeable as a crime under applicable law); (ii) the Participant’s
engaging in any other act of dishonesty, fraud, intentional misrepresentation,
moral turpitude, illegality or harassment which would: (A) materially
adversely affect the business or the reputation of the Company or any of its
subsidiaries with their respective current or prospective customers, suppliers,
lenders and/or other third parties with whom such entity does or might do
business; or (B) expose the Company or any of its subsidiaries to a risk
of civil or criminal legal damages, liabilities or penalties; (iii) the
repeated willful failure by the Participant to follow the directives of the
chief executive officer of the Company or any of its subsidiaries, the board of
directors of the Company or the board of directors of any of the Company’s
subsidiaries or (iv) any material misconduct, material violation of the
Company’s written policies, or willful and deliberate non-performance of duty
by the Participant in connection with the business affairs of the Company or
its subsidiaries. In the event a Participant is a party to an employment
agreement with the Company, its subsidiaries or any successor entity that
contains a different definition of “cause,” the definition set forth in such
other agreement shall be applicable to such Participant for purposes of the
Plan and not this definition.

 

(d)           “Distribution Date” means each of the first three (3) anniversaries
of the Effective Date.

 

(e)           “Effective Date” means January 31, 2006.

 

(f)            “Good Reason” means the occurrence of any of the following events: (i) a
substantial adverse change in the nature or scope of the Participant’s
responsibilities, authorities, powers, functions or duties; (ii) a
reduction in the Participant’s annual base salary except for across-the-board
salary reductions similarly affecting all or substantially all management

 

 

employees; (iii) the relocation of the offices at
which the Participant is principally employed to a location more than 50 miles
from such offices or (iv) a breach by the Company of its obligations under
any agreement with the Participant, provided that the Participant first
delivers to the Company ten (10) days written notice of breach and
provided further that the Company fails to cure any such breach indicated in
such notice (to the extent such cure is reasonably possible) within a
reasonable time period. In the event a Participant is a party to an employment
agreement with the Company, its subsidiaries or any successor entity that
contains a different definition of “good reason,” the definition set forth in
such other agreement shall be applicable to such Participant for purposes of
the Plan and not this definition.

 

(g)           “Initial Deposit” shall have the meaning set forth in paragraph 3.

 

(h)           “Participant” means an employee of the Company who has been designated by
the Administrator to participate in the Plan and has received a Participation
Letter.

 

(i)            “Participation Letter” means a letter in the form attached hereto as Exhibit A,
notifying an employee that he has been designated a Participant and such
Participant’s number of Sharing Units.

 

(j)            “Retention Pool” means the value of the Bonus Escrow Fund on any given
date.

 

(k)           “Sharing Units” means the measure used to determine the allocation of the
Retention Pool on each Distribution Date. A total of 1,000 Sharing Units shall
be available for issuance under the Plan.

 

3.             Initial Deposit. Upon the Effective Date, the Company shall make an initial deposit to
the Bonus Escrow Fund in the amount of $3 million (the “Initial Deposit”).

 

4.             Participation. Upon or as soon as practicable after the Effective Date, the Administrator
shall designate the employees of the Company who shall participate in the Plan
and shall issue to such employees at least 916.67 Sharing Units in total. Any
Sharing Units not so issued, up to 83.33 Sharing Units, may be reserved and
granted by the Administrator in such amounts, at such times, and to such
individuals as the Administrator shall determine in his sole discretion. Upon a
Participant’s termination of employment with the Company for any reason, such
Participant shall cease to be a Participant, and, subject to paragraph 5(d) below,
shall not be entitled to any further payments under the Plan.

 

5.             Distributions.

 

(a)           On the first Distribution Date, each individual who is then a Participant
shall be entitled to receive a cash payment equal to one-third of the Retention
Pool, multiplied by a fraction, the numerator of which is the number of such
Participant’s Sharing Units, and the denominator of which is the total number
of all Sharing Units of all individuals who are then Participants.

 

(b)           On the second Distribution Date, each individual who is then a
Participant shall be entitled to receive a cash payment equal to one-half of
the Retention Pool, multiplied by

 

2

 

a fraction, the numerator of which is the number of such
Participant’s Sharing Units, and the denominator of which is the total number
of all Sharing Units of all individuals who are then Participants.

 

(c)           On the third Distribution Date, each individual who is then a Participant
shall be entitled to receive a cash payment equal to the Retention Pool,
multiplied by a fraction, the numerator of which is the number of such
Participant’s Sharing Units, and the denominator of which is the total number
of all Sharing Units of all individuals who are then Participants.

 

(d)           Upon any termination of a Participant’s employment prior to the third
Distribution Date, other than by the Company for Cause or by the Participant
without Good Reason, such Participant shall receive, as soon as practicable
following such termination, a cash payment equal to the Retention Pool
multiplied by a fraction, the numerator of which is the number of such
Participant’s Sharing Units, and the denominator of which is the total number
of all Sharing Units of all individuals who are then Participants.

 

6.             Funding;
Company Obligations. The obligations
to Participants under the Plan shall be satisfied from the Bonus Escrow Fund.
The only obligations of the Company under the Plan are to make the Initial
Contribution, to direct the escrow agent under the Bonus Escrow Fund to make distributions
to or on behalf of Participants in accordance with the Plan, and to remit
amounts received from the escrow agent representing withholding taxes to the
appropriate taxing authorities.

 

7.             Tax Withholding. Amounts payable under the Plan shall be reduced by
applicable withholding taxes. The Company shall calculate, and direct the
escrow agent under the Bonus Escrow Fund to pay to the Company, the withholding
taxes attributable to any distribution made under the Plan. Upon receipt
thereof, the Company shall promptly remit such amounts to the appropriate
taxing authorities.

 

8.             Amendments. The Administrator may amend the Plan at any time; provided,
however, that, without the consent of the
Company, no such amendment shall increase the Company’s obligations under the
Plan, and without the consent of an affected Participant, no such amendment may
materially impair the rights of such Participant under the Plan.

 

9.             Successor to
the Company. The Company may
assign its obligations under the Plan to any successor or assign (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company and in the event
of such assignment, the Company shall have no further obligations hereunder.

 

10.           Miscellaneous.

 

(a)           The Plan shall in all respects be construed according to the laws of the State
of New York.

 

(b)           Nothing contained in the Plan shall be construed as a contract or
guarantee of the right of the Participant to be, or remain as, an employee of
the Company or to receive any, or any particular rate of, compensation.

 

3

 

Exhibit A

 

[form of Participation Letter]

 

[date]

 

[name] 

[address]

 

Retention
Bonus Plan

 

Dear             :

 

I am pleased to inform you that you have been designated
as a Participant under the Open Link Financial, Inc. Retention Bonus Plan
(the “Plan”), a copy of which is attached.

 

As further described in the Plan, subject to your
continued employment, you will have the opportunity to share in a $3 million
cash pool, which will be allocated and distributed in three installments on
each of the first three anniversaries of the Effective Date. Allocations will
be based on the number of each Participant’s Sharing Units as compared to the
aggregate number of all Sharing Units.

 

You have been awarded                             Sharing
Units. So far,                             Sharing
Units have been awarded in total under the Plan. Therefore, your current
percentage interest in the pool is           %. Note that additional Sharing Units, up to a total of 1,000, may be
awarded, and therefore your percentage may decrease. Your percentage may also
increase to the extent the employment of other Participants terminates under circumstances
that result in a forfeiture of their Sharing Units.

 

We look forward to your continued commitment to the
Company. 

Sincerely,

 

 

OPEN LINK FINANCIAL, INC.

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Coleman Fung

  	
   

  
	
   

  	
  Chief Executive Officer

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