Document:

Consent and First Amendment to Term Loan Credit Agreement

 EXHIBIT 10.6 
  
 CONSENT AND FIRST AMENDMENT TO TERM LOAN CREDIT AGREEMENT 
  
 THIS CONSENT AND FIRST AMENDMENT TO TERM LOAN CREDIT AGREEMENT (this
“Amendment”) is entered into as of January 1, 2005 by and among COMSYS SERVICES LLC, a Delaware limited liability company and successor by merger to Venturi Technology Partners, LLC (“COMSYS Services”),
COMSYS INFORMATION TECHNOLOGY SERVICES, INC., a Delaware corporation and successor by merger to COMSYS Holding, Inc. (“COMSYS IT”; COMSYS Services and COMSYS IT are referred to herein each individually as a
“Borrower” and collectively as the “Borrowers”), COMSYS IT PARTNERS, INC., a Delaware corporation (“Holdings”), PFI CORP., a Delaware corporation (“PFI Holdings”),
COMSYS Services, acting in its capacity as borrowing agent and funds administrator for and on behalf of the Borrowers (in such capacity, the “Funds Administrator”), the financial institutions parties hereto as lenders (each
individually a “Lender” and collectively the “Lenders”), MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc., as administrative agent (in such capacity, the
“Administrative Agent”), and HERITAGE BANK, SSB, a Texas-chartered savings bank, as collateral agent (in such capacity, the “Collateral Agent”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrowers, Holdings, PFI Holdings, the Administrative Agent, the Collateral Agent and each Lender are parties to that certain Term Loan
Credit Agreement dated as of September 30, 2004 (as the same has been and hereafter may be further amended, modified, restated or otherwise supplemented from time to time, the “Credit Agreement”); and 
  
 WHEREAS, the Credit Parties that are a party hereto have requested, among
other things, that the Administrative Agent, the Collateral Agent and the Lenders (i) consent to the contribution by Holdings of all of the issued and outstanding capital stock of PFI Holdings to COMSYS IT and, in connection therewith, the
conversion of PFI Holdings from a Delaware c-corporation to a Delaware limited liability company (the “PFI Equity Contribution”), and (ii) amend the Credit Agreement as hereinafter set forth; and 
  
 WHEREAS, the Administrative Agent, the Collateral Agent and the Lenders agree
to accommodate such requests of the Credit Parties, on the terms and subject to the conditions herein set forth. 
  
 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows: 
  
 1. Defined Terms. Capitalized terms used but not defined herein shall
have the meanings ascribed to them in the Credit Agreement. 
  
 2.
Amendments. Effective as of the date hereof, upon satisfaction of the conditions precedent set forth in Section 4 hereof, the Credit Agreement is amended as set forth in this Section 2: 
  
 (a) Section 1.1. Section 1.1 of the Credit Agreement is amended
by adding thereto the following defined terms and their respective definitions in the correct alphabetical order: 

 “First Amendment” means that certain First Amendment to Term Loan Credit Agreement dated
as of January 1, 2005 by and among the Borrowers and certain other Credit Parties, the Administrative Agent, the Collateral Agent and the Lenders. 
  
 “PFI Equity Contribution” means the contribution by Holdings of all of the issued and outstanding capital stock of PFI Holdings to COMSYS
IT and the conversion of PFI Holdings from a Delaware c-corporation to a Delaware limited liability company. 
  
 (b) Section 1.1. Section 1.1 of the Credit Agreement is hereby amended by substituting the definition of the term “Financing
Documents” as set forth below in lieu of the current version of such definition contained in Section 1.1 of the Credit Agreement: 
  
 “Financing Documents” means this Agreement, the Second Lien Term Notes, the Security Documents, the Information Certificate, the Fee
Letter, the Second Lien Intercreditor Agreement, the First Amendment, any fee letter between an Agent and any Borrower relating to the transactions contemplated hereby and all other documents, instruments and agreements contemplated herein or
thereby and executed concurrently by a Credit Party with or in favor of an Agent or the Lenders in connection herewith or at any time and from time to time hereafter, as any or all of the same may be amended, supplemented, restated or otherwise
modified from time to time. 
  
 (c) Section 3.4.
Section 3.4 of the Credit Agreement is hereby deleted in its entirety and the following is substituted in lieu thereof: 
  
 “Section 3.4 Capitalization. 
  
 The authorized equity securities of each of the Credit Parties as of the Closing Date is as set forth on the Information Certificate. All
issued and outstanding equity securities of each of the Credit Parties are duly authorized and validly issued, fully paid, nonassessable, and, solely with respect to the equity securities of PFI Holdings, each Borrower and each of their respective
Subsidiaries, free and clear of all Liens other than those in favor of Collateral Agent for the benefit of Agents and Lenders, and Liens permitted pursuant to Section 5.2(d) and Section 5.2(h), and all such equity securities of each Credit Party
were issued in compliance with all applicable state, federal and foreign laws concerning the issuance of securities. The identity of the holders of the equity securities of each of the Credit Parties and the percentage of their fully-diluted
ownership of the equity securities of each of the Credit Parties as of the Closing Date is set forth on the Information Certificate. Holdings owns all of the issued and outstanding equity securities of COMSYS IT and, prior to the consummation of the
PFI Equity Contribution, PFI Holdings. COMSYS IT owns all of the issued and outstanding equity securities of COMSYS Services and COMSYS Limited and, following the consummation of the PFI Equity Contribution, PFI Holdings. No shares of the capital
stock or other equity securities of any Credit Party, other than those described above, are issued and outstanding. Except as set forth on the Information Certificate, as of the Closing Date there are no 

  

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preemptive or other outstanding rights, options, warrants, conversion rights or similar agreements or understandings for the purchase or acquisition from any
Credit Party of any equity securities of any such entity.” 
  
 (d) Section 4.1(c). Section 4.1(c) of the Credit Agreement is hereby deleted in its entirety and the following is substituted in lieu thereof: 
  
 “(c) together with each delivery of financial statements pursuant to Sections 4.1(a) and 4.1(b), a Compliance
Certificate (it being understood that the Credit Parties shall only be required to complete and deliver the financial covenant calculations attached to the Compliance Certificate to the extent that the Borrowers are required to evidence compliance
with the financial covenants set forth in Article VII hereof) and together with each delivery of financial statements pursuant to Section 4.1(b), an Excess Cash Flow Certificate;” 
  
 (e) Section 5.1(d). Section 5.1(d) of the Credit Agreement is hereby deleted in its entirety and the following
is substituted in lieu thereof: 
  
 “(d) intercompany Debt
arising from loans made by a Borrower to (i) any other Borrower or any Domestic Wholly-Owned Subsidiary of any Borrower and (ii) its Foreign Subsidiaries which are Wholly-Owned Subsidiaries in an aggregate amount under this clause (ii) not to
exceed $1,000,000 at any time outstanding; provided, however, in each case, such Debt shall be evidenced by promissory notes having terms reasonably satisfactory to Collateral Agent, the sole originally executed counterparts of which shall be
pledged to the Collateral Agent and delivered to the First Lien Agent as contractual representative for the Collateral Agent pursuant to the Second Lien Intercreditor Agreement (or, following the Discharge of all First Lien Debt, the Collateral
Agent), as security for the Obligations;” 
  
 (f)
Section 5.4. Section 5.4 of the Credit Agreement is hereby deleted in its entirety and the following is substituted in lieu thereof: 
  
 “Section 5.4 Restricted Distributions. 
  
 Such Credit Party will not, and will not permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum
for any Restricted Distribution or accept any Restricted Distribution; provided that the foregoing shall not restrict or prohibit Subsidiaries of any Borrower from making dividends or distributions to such Borrower (and the acceptance by such
Borrower of such dividends and distributions) and shall not restrict or prohibit: 
  
 (a) dividends or distributions by COMSYS IT to Holdings, which are immediately used by Holdings to pay taxes payable by Holdings;

  
 (b) a dividend or distribution by VTP to PFI
Holdings, which is immediately further distributed by PFI Holdings to Holdings on the Closing Date to repay existing Debt of Holdings to the extent permitted by and as specified in Section 4.7; 
  

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 (c) dividends or distributions by COMSYS IT to Holdings, which are immediately used by
Holdings to pay reasonable director fees payable by Holdings, so long as before and after giving effect to any such dividend or distribution no Event of Default shall have occurred and be continuing; 
  
 (d) dividends or distributions by COMSYS IT to Holdings,
which are immediately used by Holdings to pay administrative expenses, including without limitation reimbursements of directors for actual out-of-pocket expenses incurred in connection with attending board of director meetings and attorney fees, so
long as (A) before and after giving effect to any such dividends or distributions no Event of Default shall have occurred and be continuing and (B) such payments do not exceed $200,000 in the aggregate in any Fiscal Year; 
  
 (e) dividends or distributions by COMSYS IT to Holdings,
which are immediately used by Holdings to pay, in the ordinary course of business, liabilities of Holdings in respect of (i) lease obligations, (ii) license obligations, (iii) insurance premiums, (iv) the Restructuring Reserve, (v) the transactions
contemplated by the Venturi Staffing Purchase Agreement, (vi) other obligations of Holdings incurred prior to the Closing Date and (vii) other liabilities customarily incurred by public holding companies similarly situated, so long as (x) with
respect to obligations arising under leases and licenses, such leases and licenses were entered into by Holdings prior to the Closing Date or constitute renewals or extensions thereof (provided that such renewals or extensions are on substantially
the same terms and conditions as such leases and licenses in effect on the Closing Date) and (y) all such payments (other than payments in respect of the Restructuring Reserve and the transactions contemplated by the Venturi Staffing Purchase
Agreement) do not exceed $5,000,000 in the aggregate in any Fiscal Year; and 
  
 (f) in the event any Lender elects to waive such holder’s pro rata share of any mandatory prepayment in accordance with the terms and provisions set forth in Section 2.1(e), dividends or distributions by COMSYS
IT to Holdings, which are immediately used by Holdings to redeem “Series A-1 Preferred Stock” (as defined in the Holdings Certificate of Designations) in an amount not exceeding such waived mandatory prepayment; and 
  
 (g) in the event Holdings issues and sells common stock of
Holdings, redemptions and repurchases by Holdings of the “Series A-1 Preferred Stock” (as defined in the Holdings Certificate of Designations) made solely with the Net Cash Proceeds of such issuance and sale, to the extent the Net Cash
Proceeds of such equity issuance and sale are not required to be applied as a mandatory prepayment of the Loans in accordance with Section 2.1(c)(iii), and in any event, in an amount not exceeding fifty percent (50%) of such Net Cash Proceeds.”

  
 (g) Section 7.4. Section 7.4 of the Credit
Agreement is hereby deleted in its entirety and the following is substituted in lieu thereof 
  
 “Section 7.4 Minimum Revolving Loan Borrowing Availability. 
  

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 Until the Discharge of all First Lien Debt, the Credit Parties will not at any time
permit Net Borrowing Availability to be less than $4,975,000. For purposes of this Section 7.4, Net Borrowing Availability as of any date of calculation shall be calculated by reference to the Borrowing Base Certificate most recently delivered to
the First Lien Agent in accordance with the terms of the First Lien Credit Agreement, with such adjustments as are appropriate (i) to accurately reflect outstanding First Lien Loan amounts as of any such date of calculation, (ii) for so long as the
Restructuring Reserve is in effect, to accurately reflect any expenditures in respect of the Restructuring not reflected in such Borrowing Base Certificate and (iii) to accurately reflect any other credit exposure as of such date of calculation, as
determined by the First Lien Agent. In the event the Borrowers shall at any time fail to deliver to the First Lien Agent a Borrowing Base Certificate within the time period required under the First Lien Credit Agreement, the First Lien Agent shall
calculate Net Borrowing Availability by reference to the most recently delivered Borrowing Base Certificate, with such adjustments to the values of Eligible Billed Accounts and Eligible Unbilled Accounts (as such terms are defined in the First Lien
Credit Agreement) as First Lien Agent deems appropriate in the exercise of its reasonable credit judgment.” 
  
 (h) Section 9.1(j). Section 9.1(j) of the Credit Agreement is hereby deleted in its entirety and the following is substituted in lieu
thereof: 
  
 “(j) (1) any person or group of persons (within
the meaning of the Securities Exchange Act of 1934) (other than Wachovia Investors, Inc. and its Affiliates) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934) of fifty percent (50%)
or more of the issued and outstanding shares of capital stock of Holdings having the right to vote for the election of the directors of Holdings under ordinary circumstances, (2) Holdings shall cease to directly own and control one hundred percent
(100%) of each class of the outstanding equity interests of COMSYS IT and, prior to the consummation of the PFI Equity Contribution, PFI Holdings, (3) COMSYS IT shall cease to directly own and control one hundred percent (100%) of the equity
interests of COMSYS Services and COMSYS Limited and, following the consummation of the PFI Equity Contribution, PFI Holdings, (4) each Borrower shall cease to, directly or indirectly, own and control one hundred percent (100%) of each class of the
outstanding equity interests of each Subsidiary of such Borrower (except, with respect to clauses (2), (3) and (4), to the extent permitted in Section 5.7(a)), (5) any “Change in Ownership,” “Fundamental Change,” or terms of
similar import occurs under the Holdings Certificate of Designations, or (6) a period of ninety (90) consecutive days shall have elapsed during which Michael Willis shall cease to be the chairman of the board, chief executive officer or president of
each Credit Party for any reason unless prior to the expiration of such time, a replacement reasonably satisfactory to Administrative Agent shall have been appointed and employed;” 
  
 (i) Following the consummation of the PFI Equity Contribution, all references in the Credit Agreement and each other
Financing Document to PFI Holdings shall be deemed to refer to PFI LLC, a Delaware limited liability company. 
  

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 3. Consent. Effective as of the date hereof, upon satisfaction of the conditions precedent set
forth in Section 4 hereof, and in reliance upon the representations and warranties of the Borrowers set forth in the Credit Agreement and in this Amendment, and notwithstanding anything to the contrary contained in the Credit Agreement or any other
Financing Document, the Administrative Agent, the Collateral Agent and the Lenders consent to the PFI Equity Contribution, provided, that immediately upon the consummation of the PFI Equity Contribution (i) PFI Holdings shall be a Domestic
Wholly-Owned Subsidiary of COMSYS IT, (ii) the Borrowers shall have provided evidence to the Administrative Agent of the conversion of PFI Holdings from a c-corporation to a limited liability company and of any name change effected by PFI Holdings,
in each case, certified by the Secretary of State of the State of Delaware, (iii) the Borrowers shall have caused PFI Holdings to opt in to Article VIII of the UCC and certificate all membership interests in PFI Holdings and the certificates
representing the same shall be securities governed by Article VIII of the UCC, (iv) such certificated securities issued in the name of COMSYS IT, together with assignments separate from certificates and irrevocable proxies coupled with interest,
shall be pledged to the Collateral Agent and delivered to the First Lien Agent as contractual representative for the Collateral Agent pursuant to the Second Lien Intercreditor Agreement, (v) COMSYS IT shall have executed and delivered a Pledge
Supplement in the form attached as Exhibit B to that Pledge Agreement (COMSYS IT) dated as of the Closing Date by and between COMSYS IT and the Collateral Agent and (vi) the Borrowers shall have complied with all other requirements set forth in
Section 4.12 of the Credit Agreement. 
  
 4. Conditions.
The effectiveness of this Amendment is subject to the following conditions precedent: 
  

	 	(a)	the execution and delivery of this Amendment by each Credit Party that is a party hereto, the Administrative Agent, the Collateral Agent and the Lenders; 

 

	 	(b)	the delivery to the First Lien Agent, acting in its capacity as contractual representative for the Collateral Agent, of the original promissory note executed by COMSYS Limited and
pledged to the Collateral Agent evidencing the intercompany Debt of COMSYS Limited owing to the applicable Borrower; 

  

	 	(c)	the truth and accuracy of the representations and warranties contained in Section 5 hereof; and 

  

	 	(d)	the delivery to Administrative Agent of a certified copy of the fully executed consent and amendment to the First Lien Debt Documents regarding the substance of this Amendment, in
form and substance reasonably acceptable to the Administrative Agent, and evidence that all conditions contained in such consent and amendment (other than the effectiveness of this Amendment) have been satisfied. 

  
 5. Representations and Warranties. Each Credit Party that is a party
hereto hereby represents and warrants to the Administrative Agent, the Collateral Agent and each Lender as follows: 
  

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	 	(a)	the representations and warranties of the Borrowers and the other Credit Parties contained in the Financing Documents are true and correct as of the date hereof, except to the
extent that any such representation or warranty relates to a specific date, in which case such representation and warranty shall be true and correct as of such earlier date; 

  

	 	(b)	the execution, delivery and performance by such Credit Party of this Amendment are within its powers, have been duly authorized by all necessary action pursuant to its
Organizational Documents, require no further action by or in respect of, or filing with, any governmental body, agency or official and do not violate, conflict with or cause a breach or a default under any provision of applicable law or regulation
or of the Organizational Documents of any Credit Party or of any agreement, judgment, injunction, order, decree or other instrument binding upon it; 

  

	 	(c)	this Amendment constitutes the valid and binding obligation of the Credit Parties that are parties hereto, enforceable against such Persons in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, or similar laws relating to the enforcement of creditor’s rights generally and by general equitable principles; and 

  

	 	(d)	no Default or Event of Default exists. 

  
 6. No Waiver. Except as expressly set forth herein, nothing contained herein shall be deemed to constitute a waiver of compliance with any term or
condition contained in the Credit Agreement or any of the other Financing Documents or constitute a course of conduct or dealing among the parties. Except as expressly stated herein, the Administrative Agent, the Collateral Agent and Lenders reserve
all rights, privileges and remedies under the Financing Documents. Except as amended or consented to hereby, the Credit Agreement and other Financing Documents remain unmodified and in full force and effect. All references in the Financing Documents
to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby. 
  
 7. Severability. In case any provision of or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
  
 8. Headings. Headings and captions used in this Amendment (including
the Exhibits, Schedules and Annexes hereto, if any) are included for convenience of reference only and shall not be given any substantive effect. 
  
 9. GOVERNING LAW; SUBMISSION TO JURISDICTION. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF ILLINOIS, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. EACH CREDIT PARTY HEREBY CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE COUNTY OF COOK, STATE OF 
  

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 ILLINOIS AND IRREVOCABLY AGREES THAT, SUBJECT TO THE ADMINISTRATIVE AGENT’S ELECTION, ALL ACTIONS OR PROCEEDINGS
ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE OTHER FINANCING DOCUMENTS SHALL BE LITIGATED IN SUCH COURTS. EACH CREDIT PARTY EXPRESSLY SUBMITS AND CONSENTS TO THE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON
CONVENIENS. EACH CREDIT PARTY HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE UPON SUCH PERSON BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, ADDRESSED C/O FUNDS ADMINISTRATOR
AT THE ADDRESS SET FORTH IN THE CREDIT AGREEMENT AND SERVICE SO MADE SHALL BE COMPLETE TEN (10) DAYS AFTER THE SAME HAS BEEN POSTED. 
  
 10. WAIVER OF JURY TRIAL. EACH CREDIT PARTY, THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT AND THE LENDERS HEREBY IRREVOCABLY WAIVE ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE FINANCING DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A
JURY. 
  
 11. Counterparts; Integration. This
Amendment may be executed and delivered via facsimile with the same force and effect as if an original were executed and may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
hereto were upon the same instrument. This Amendment constitutes the entire agreement and understanding among the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or
written, relating to the subject matter hereof. 
  
 12.
Reaffirmation. Each of the Credit Parties that is a party hereto, as debtor, grantor, pledgor, guarantor, assignor, or in other any other similar capacity in which such Credit Party grants liens or security interests in its property or
otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Financing Documents to which it is a party (after
giving effect hereto) and (ii) to the extent such Credit Party granted liens on or security interests in any of its property pursuant to any such Financing Document as security for or otherwise guaranteed the Borrowers’ Obligations under or
with respect to the Financing Documents, ratifies and reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. Each
of the Credit Parties hereby consents to this Amendment and acknowledges that each of the Financing Documents remains in full force and effect and is hereby ratified and reaffirmed. The execution of this Amendment shall not operate as a waiver of
any right, power or remedy of the Administrative Agent, the Collateral Agent or Lenders, constitute a waiver of any provision of any of the Financing Documents (except as expressly set forth herein) or serve to effect a novation of the Obligations.

  

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 [remainder of page intentionally left blank; 
 signature page follows] 
  

 9 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above. 

 

			
	 BORROWERS:
  
 COMSYS SERVICES LLC, a Delaware limited liability company, and as successor by merger to Venturi Technology Partners, LLC, as the Funds Administrator and as a
Borrower

		
	By:	 	/s/ DAVID L. KERR
	 Name:
 Title:
	 	 David L. Kerr
 Senior Vice President—Corporate
Development

  

			
	COMSYS INFORMATION TECHNOLOGY SERVICES, INC., a Delaware corporation, and as successor by merger to COMSYS Holding, Inc., as a Borrower
		
	By:	 	/s/ DAVID L. KERR
	 Name:
 Title:
	 	 David L. Kerr
 Senior Vice President—Corporate
Development

  
  

			
	 OTHER CREDIT PARTIES:
  
 COMSYS IT PARTNERS, INC., a Delaware corporation

		
	By:	 	/s/ DAVID L. KERR
	 Name:
 Title:
	 	 David L. Kerr
 Senior Vice President—Corporate
Development

  

			
	PFI CORP., a Delaware corporation
		
	By:	 	/s/ DAVID L. KERR
	 Name:
 Title:
	 	 David L. Kerr
 Senior Vice President—Corporate
Development

			
	 ADMINISTRATIVE AGENT:
  
 MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc., as Administrative Agent

		
	By:	 	/s/ SCOTT E. GAST
	 Name:
 Title:
	 	 Scott E. Gast
 Vice President

  

			
	 COLLATERAL AGENT:
  
 HERITAGE BANK, a Texas-chartered savings bank, as Collateral Agent

		
	By:	 	/s/ DAVID DEADMAN
	 Name:
 Title:
	 	 David Deadman, CFA
 Chief Executive
Officer

					
	 LENDERS:
  
 HIGHLAND FLOATING RATE ADVANTAGE FUND, as a Lender

		
	By:	 	Highland Capital Management, L.P., its Investment Advisor
			
	 	 	By:	 	/s/ R. JOSEPH DOUGHERTY
	 	 	 Name:
 Title:
	 	 R. Joseph Dougherty
 Senior Vice President,
Secretary

  

					
	HIGHLAND FLOATING RATE LIMITED LIABILITY COMPANY, as a Lender
		
	By:	 	Highland Capital Management, L.P., its Investment Advisor
			
	 	 	By:	 	/s/ R. JOSEPH DOUGHERTY
	 	 	 Name:
 Title:
	 	 R. Joseph Dougherty
 Senior Vice President,
Secretary

  

					
	ELF FUNDING TRUST I, as a Lender
		
	By:	 	Highland Capital Management, L.P., as Collateral Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

			
	GLENEAGLES TRADING LLC, as a Lender
		
	By:	 	 
	 Name:
 Title:
	 	 

  

			
	BLUE SQUARE FUNDING LIMITED SERIES 3, as a Lender
		
	By:	 	/s/ DEBORAH O’KEEFFE
	 Name:
 Title:
	 	 Deborah O’Keeffe
 Vice
President

					
	LOAN FUNDING IV LLC, as a Lender
		
	By:	 	Highland Capital Management, L.P., as Portfolio Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

					
	RESTORATION FUNDING CLO, LTD., as a Lender
		
	By:	 	Highland Capital Management, L.P., as Collateral Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

					
	HIGHLAND LOAN FUNDING V LTD., as a Lender
		
	By:	 	Highland Capital Management, L.P., as Collateral Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

					
	PAM CAPITAL FUNDING LP, as a Lender
		
	By:	 	Highland Capital Management, L.P., as Collateral Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

					
	HIGHLAND LEGACY LIMITED, as a Lender
		
	By:	 	Highland Capital Management, L.P., as Collateral Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

					
	HIGHLAND OFFSHORE PARTNERS, L.P., as a Lender
		
	By:	 	Highland Capital Manager, L.P., as General Partner
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

					
	LOAN FUNDING VII LLC, as a Lender
		
	By:	 	Highland Capital Management, L.P., as Collateral Manager
			
	 	 	By:	 	/s/ DAVID LANCELOT
	 	 	 Name:
 Title:
	 	 David Lancelot
 Treasurer

  

			
	JZ EQUITY PARTNERS PLC, as a Lender
		
	By:	 	/s/ DAVID W. ZALAZNICK
	 Name:
 Title:
	 	 David W. Zalaznick
 Investment
Advisor

  

					
	GOLDENTREE CAPITAL SOLUTIONS FUND, as a Lender
		
	By:	 	GoldenTree Asset Management, L.P.
			
	 	 	By:	 	/s/ THOMAS H. SHANDELL
	 	 	 Name:
 Title:
	 	 Thomas H. Shandell
 Partner

  

					
	GOLDENTREE CAPITAL SOLUTIONS OFFSHORE FUND, as a Lender
		
	By:	 	GoldenTree Asset Management, L.P.
			
	 	 	By:	 	/s/ THOMAS H. SHANDELL
	 	 	 Name:
 Title:
	 	 Thomas H. Shandell
 Partner

			
	ORIX FINANCE CORP I, as a Lender
		
	By:	 	/s/ CHRISTOPHER L. SMITH
	 Name:
 Title:
	 	 Christopher L. Smith
 Authorized
RepresentativeOld COMSYS 2004 Management Incentive Plan

 EXHIBIT 10.10 
  
 COMSYS HOLDING, INC. 
  
 2004 MANAGEMENT INCENTIVE PLAN 
  
 Adopted as of January 1, 2004 
  
 ARTICLE ONE 
  
 GENERAL PROVISIONS 
  

	1.1	Purpose of the Plan. 

  
 This 2004 Management Incentive Plan is intended to promote the interests of Comsys Holding, Inc., a Delaware corporation (the “Corporation”), by
providing eligible persons with an incentive for them to remain in the service of the Corporation (or any Parent or Subsidiary). 
  
 Capitalized terms shall have the meanings assigned to such terms in the attached Appendix (or as defined herein). 
  

	1.2	Structure of the Plan. 

  
 A. The Plan is structured as a Stock Issuance Program under which eligible persons will be issued shares of Restricted Preferred Stock through the
purchase of such shares or as otherwise deemed appropriate by the Corporation (or any Parent or Subsidiary). 
  
 B. The Plan is implemented by the creation of the Corporation’s Class D Preferred Stock. The Corporation has (or will) file the Amended and Restated
Certificate of Incorporation creating the Restricted Preferred Stock for issuance under the Plan, which Amended and Restated Certificate of Incorporation is hereby incorporated herein by reference. In the event of any inconsistency between the
Amended and Restated Certificate of Incorporation and the Plan, the terms of the Amended and Restated Certificate of Incorporation shall control. Each Participant’s shares of Restricted Preferred Stock may be repurchased by the Corporation as
set forth in each Participant’s Stock Issuance Agreement. 
  

	1.3	Administration of the Plan. 

  
 A. The Plan shall be administered by the Board. 
  
 B. The Board shall have the power and authority to establish such rules and regulations as it deems reasonably appropriate for the proper administration
of the Plan and to make such determinations under, and issue such interpretations of, the Plan and any stock issuances thereunder as the Board may reasonably determine to be necessary or advisable and which are consistent with the purpose of the
Plan. 
  

	1.4	Eligibility and Awards. 

  
 A. The persons eligible to participate in the Plan are as follows: 
  

	 	1.	Employees; 

  

 1 

	 	2.	Executive officers and other officers of any Parent or Subsidiary; and 

  

	 	3.	Consultants. 

  
 B. The Board shall initially issue to each Participant who is identified as of the date of the adoption of the Plan (the “Initial Participants”) 100% of the total number of shares of Restricted
Preferred Stock issuable under the Plan (the “Initial Awards”). 
  
 C. Except for the Initial Awards and subject to the terms and conditions hereof, the Board shall have full authority to determine which eligible persons are to receive stock issuances, the time or times when such
issuances are to be made, the number of shares to be issued to each Participant, the vesting schedule (if any) applicable to the issued shares and the consideration to be paid for such shares. 
  

	1.5	Stock Subject to the Plan. 

  
 A. Subject to Section 1.5.B and 1.5.C below, the stock issuable under the Plan shall be shares of authorized but unissued or reacquired Restricted
Preferred Stock. The maximum number of shares of Restricted Preferred Stock that may be issued over the term of the Plan shall not exceed 1000 shares of Restricted Preferred Stock, unless increased in accordance with the terms hereof. 
  
 B. Unvested and vested shares of Restricted Preferred Stock issued under the
Plan, and subsequently repurchased by the Corporation pursuant to the Corporation’s repurchase rights under the Plan, shall be added back to the number of shares of Restricted Preferred Stock reserved for issuance under the Plan and shall be
available for reissuance through one or more subsequent direct stock issuances under the Plan. 
  
 C. In the event of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, merger, consolidation, liquidation, split-up, split-off, spin-off or other similar
change in capitalization affecting the Restricted Preferred Stock, appropriate adjustments shall be made to (i) the maximum number and/or series of securities issuable under the Plan, and (ii) the number and/or series of securities and the
repurchase price per share in effect for each stock issuance hereunder in order to prevent the dilution or enlargement of rights and benefits thereunder and to preserve the economic intent of the awards as determined, in good faith, by the Board;
provided, however, in the event of a merger of the Corporation with an entity the common equity of which or that of its parent is registered with the SEC and in which the Restricted Preferred Stock is to be exchanged for such common equity (a
“Registered Share Event”), the Board, prior to the consummation of the Registered Share Event, will modify Budgeted EBITDA for each of the remaining periods to reflect changes reasonably determined by the Board to reflect the combined
operations and provided further, that notwithstanding such changes, in the event that the aggregate value of the securities issued in the merger to the stockholders of the Corporation (as adjusted for any stock split, stock dividend,
recapitalization, combination or exchange of shares, merger, consolidation, liquidation, split-up, split-off, spin-off or other change in capitalization affecting such securities and regardless of whether they still own any or all of such
securities) equals or exceeds $175 million (based on the average closing price for such securities over any 30-day period after a Qualified Offering and on or before December 31, 2006), then all shares subject to vesting under Sections 2.1.B.1(b),
(c) and (d) shall automatically vest in full 

  

 2 

 
regardless of whether the vesting conditions set forth in those sections had been or will be satisfied. Further, following a Registered Share Event, (i) any
Restricted Preferred Stock that does not vest with a Participant because of a failure to satisfy the conditions set forth in the preceding sentence shall automatically vest pro-rata in and thereafter belong to the holders of the Corporation’s
Class C Preferred Stock, Class B Preferred Stock and Class A-3 Preferred Stock immediately prior to the Registered Share Event (the “Investors”); and (ii) any Restricted Preferred Stock that is unvested due to an Initial Participant
ceasing to remain in Service shall be distributed pro-rata to the remaining Initial Participants for a purchase price equal to the proportionate cash consideration paid for the surrendered shares. Any unvested Restricted Preferred Stock that is not
purchased by the remaining Initial Participants will automatically vest pro-rata in and thereafter belong to the Investors. 
  
 ARTICLE TWO 
  
 STOCK ISSUANCE PROGRAM 
  

	2.1	Stock Issuance Terms. 

  
 Subject to the terms and conditions of the Plan, shares of Restricted Preferred Stock may be issued under the Stock Issuance Program through direct and
immediate issuances to such eligible persons as determined by the Board. Each such stock issuance shall be evidenced by a Stock Issuance Agreement that complies with the terms specified below. 
  
 A. Purchase Price. 
  
 1. The purchase price for shares of Restricted Preferred
Stock issued to the Initial Participants in connection with the Initial Awards shall be $1.00 per share. Except for the Initial Awards, the purchase price per share of Restricted Preferred Stock shall be fixed by the Board, in its sole discretion,
and may be less than, equal to or greater than the fair market value per share of Restricted Preferred Stock on the stock issuance date. 
  
 2. Subject to the provisions of Section 3.1 and except as may otherwise be required under applicable law, shares of Restricted Preferred
Stock may be issued under the Stock Issuance Program for a check made payable to the Corporation or for such other consideration as the Corporation deems appropriate. 
  
 B. Vesting Provisions. 
  
 1. Except as otherwise provided herein, Initial Awards issued to Participants hereunder will be subject to the following vesting schedule.

  
 (a) 11.1112%, 11.1111% and 11.1111% of the
total Award of Restricted Preferred Stock shall vest on each of the first, second and third annual anniversaries of the Effective Date (as defined below), respectively; provided, that, the Participant is providing Service to the
Corporation on the relevant vesting dates. 
  
 (b) 11.1111% of the total Award of Restricted Preferred Stock shall vest on the date the Corporation’s audited financial statements are issued for the 2004 fiscal year; provided however, vesting shall not occur if the
Corporation’s EBITDA for its 2004 fiscal year is not equal to 

  

 3 

 
or greater than $24,558,000, exclusive of the impact of the receipt of the MCI pre-petition account receivable, for that period; provided,
that, the Participant is providing Service to the Corporation on the vesting date. 
  
 (c) 11.1111% of the total Award of Restricted Preferred Stock shall vest on the date the Corporation’s audited financial statements
are issued for the 2005 fiscal year; provided however, vesting shall not occur if the Corporation’s EBITDA for its 2005 fiscal year is not equal to or greater than $26,677,000 for that period; provided, that, the Participant is
providing Service to the Corporation on the vesting date. 
  
 (d) 11.1111% of the total Award of Restricted Preferred Stock shall vest on the date the Corporation’s audited financial statements are issued for the 2006 fiscal year; provided however, vesting shall not occur
if the Corporation’s EBITDA for its 2006 fiscal year is not equal to or greater than $28,972,000 for that period; provided, that, the Participant is providing Service to the Corporation on the vesting date. 
  
 (e) 33.3333% of the total Award of Restricted Preferred
Stock shall vest upon (A) the refinancing, repayment or other termination of the Credit Agreement and (B) the repayment or other termination of the Company’s Subordinated Note dated September 25, 2001 in the original principal amount of
$5,917,638, which is payable to First Union Investors, Inc. 
  
 2. The vesting schedule of any other Awards shall be determined by the Board in its discretion. 
  
 3. Any new, substituted or additional securities or other property (including money paid other than as a regular cash dividend) that the
Participant may have the right to receive with respect to the Participant’s shares of Restricted Preferred Stock by reason of any stock dividend, reverse stock split, stock split, recapitalization, combination of shares, exchange of shares,
merger, consolidation, liquidation, split-up, split-off, spin-off or other change in capitalization affecting the outstanding Restricted Preferred Stock shall be issued and delivered subject to (i) the same vesting requirements applicable to the
Participant’s shares of Restricted Preferred Stock (i.e., the vesting requirements set forth in Section 2.1.B.1 above) and (ii) such escrow arrangement as the Board shall deem appropriate. 
  
 4. Subject to the terms and conditions of the Plan and any
Stock Issuance Agreement (each as may be amended from time to time), the Participant shall have full stockholder rights with respect to any shares of Restricted Preferred Stock issued to the Participant under the Stock Issuance Program, whether or
not the Participant’s interest in those shares is vested. Accordingly, the Participant shall have the right to vote such shares and to receive any dividends paid on such shares (if such shares have any voting rights or right to receive
dividends) in accordance with the corporate documents governing the shares. 
  
 5. If the Participant ceases to remain in Service while holding one or more unvested shares of Restricted Preferred Stock issued under the Stock Issuance Program, then those unvested shares shall be immediately
surrendered to the Corporation for cancellation, and the Participant shall have no further stockholder rights with respect to those shares. To the extent the surrendered shares were previously issued to the Participant for consideration paid in cash
or a cash 

  

 4 

 
equivalent, the Corporation shall pay the Participant the cash consideration paid for the surrendered shares. All vested shares of Restricted Preferred Stock
may be repurchased by the Corporation, in its sole discretion, in accordance with the terms and conditions of the Stock Issuance Agreement. 
  
 6. The Board may, in its sole discretion, waive in writing the surrender and cancellation of one or more unvested shares of Restricted
Preferred Stock that would otherwise occur upon the cessation of the Participant’s Service. Such written waiver shall result in the immediate vesting of the Participant’s interest in the shares of Restricted Preferred Stock as to which the
waiver applies. Such written waiver may be effected at any time, whether before or after the Participant’s cessation of Service. 
  
 7. In the event that the Corporation’s EBITDA does not equal or exceed Budgeted EBITDA for the applicable fiscal year specified in
Section 2.1.B.1(b), (c) or (d) and the specified Restricted Preferred Stock does not vest, then the Corporation shall have the right to redeem such unvested Restricted Preferred Stock at the initial purchase price paid for such stock. 
  
 C. Involuntary Transfer. The Corporation shall have a right of first
refusal with respect to any involuntary disposition by the Participant (or any successor-in-interest) of any shares of Restricted Preferred Stock issued under the Stock Issuance Program, whether by operation of law, judicial proceeding or otherwise.
Such right of first refusal shall be exercisable in accordance with the terms established by the Board and set forth in the Stock Issuance Agreement. If any person or entity acquires any shares of Restricted Preferred Stock pursuant to an
involuntary transfer, including, without limitation, by operation of law, judicial proceeding or otherwise, then such shares shall remain subject to the same restrictions as if such shares continued to be held by the Participant. 
  

	2.2	Liquidity Event. 

  
 In the event of any Liquidity Event other than a Qualified Offering, all outstanding shares of Restricted Preferred Stock shall immediately vest in full.
In the event of a Qualified Offering, all outstanding shares of Restricted Preferred Stock shall immediately vest in full other than those shares subject to vesting under Sections 2.1.B.1(b), (c) and (d) which shares shall remain subject to the
vesting schedule set forth in these sections. 
  

	2.3	Share Escrow. 

  
 All certificates representing any shares (whether vested or unvested) may, in the Board’s discretion, be held in escrow by the Corporation until such
time as the shares of Restricted Preferred Stock are redeemed by the Corporation. 
  
 ARTICLE THREE 
  
 MISCELLANEOUS 
  

	3.1	Effective Date and Term of the Plan. 

  
 A. The Plan is effective as of January 1, 2004 (the “Effective Date”), subject to adoption by the Board and the Corporation’s filing of the
Amended and Restated Certificate of Incorporation creating the Restricted Preferred Stock with the Delaware Secretary of State. The 

  

 5 

 
Board may issue shares under the Plan at any time after the effective date of the Plan and before the date fixed herein for termination of the Plan.

  
 B. The Plan shall terminate upon the redemption of all
outstanding shares of Restricted Preferred Stock in connection with a Liquidity Event or otherwise. Upon such Plan termination, all vested and unvested stock issuances outstanding under the Plan shall continue to have full force and effect in
accordance with the provisions of the documents evidencing such issuances. 
  

	3.2	Amendment of the Plan. 

  
 Subject to the terms and conditions of the Plan and the Amended and Restated Certificate of Incorporation, the Board shall have the authority to amend or
modify the Plan in any or all respects. Except as otherwise provided herein, no such amendment or modification shall adversely affect any rights and/or obligations with respect to any Participant under the Plan, including, but not limited to, any
shares of Restricted Preferred Stock (whether vested or not), the vesting schedule applicable to any Awards, any issuance of Restricted Preferred Stock or any Awards to the Participants, unless the Participant consents to such amendment or
modification in writing. In addition, certain amendments (e.g., any amendment to the Amended and Restated Certificate of Incorporation) may require stockholder approval pursuant to applicable laws. 
  

	3.3	Use of Proceeds. 

  
 Subject to any restrictions or other provisions set forth in any agreements between the Corporation and third parties (including, without limitation, any
loan documents, credit agreements or security documents), any cash proceeds received by the Corporation from the sale of Restricted Preferred Stock under the Plan shall be used for general corporate purposes. 
  

	3.4	Withholding. 

  
 The Corporation’s obligation to issue shares of Restricted Preferred Stock under the Plan shall be subject to the satisfaction of all applicable
federal, state and local income and employment tax withholding requirements to which the Corporation is subject. As a condition to the receipt of any such shares, each Participant shall fully indemnify and hold harmless the Corporation for any
withholding or other tax obligations that the Corporation may have with respect to any stock issuances to such Participant under the Plan, and each Participant will agree in the Stock Issuance Agreement that the Corporation will have a right to
withhold any other payment that is or may become due (including, without limitation, any payments associated with the Restricted Preferred Stock) to any such Participant to satisfy such indemnification obligation. 
  

	3.5	Regulatory Approvals. 

  
 The implementation of the Plan and the issuance of any shares of Restricted Preferred Stock under the Plan shall be subject to the Corporation’s
procurement of all approvals and permits required by regulatory authorities having jurisdiction over the Plan, if any, and the shares of Restricted Preferred Stock issued pursuant to the Plan; provided, however, that the Corporation shall not
be required to register the Plan or any Restricted Preferred Stock issued hereunder under the 1933 Act. If, after reasonable efforts, the Corporation is unable to obtain from any such regulatory authority, which counsel for the Corporation deems
necessary for the lawful issuance and sale of 

  

 6 

 
Restricted Preferred Stock under the Plan, the Corporation shall be relieved from any liability for failure to issue and sell Restricted Preferred Stock
unless and until such authority is obtained. 
  

	3.6	No Employment or Service Rights. 

  
 Nothing in the Plan shall confer upon the Participant any right to continue in Service for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining such person) or of the Participant, which rights are hereby expressly reserved by each, to terminate such person’s Service at any time for any
reason, with or without cause (subject to the existence of any written agreement to the contrary). 
  

	3.7	Not Subject to ERISA. 

  
 This Plan shall not be subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended. 
  

	3.8	Investment Assurances. 

  
 The Corporation may require a Participant, as a condition of acquiring Restricted Preferred Stock, (i) to give written assurances satisfactory to the
Corporation as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Corporation who is knowledgeable and experienced in financial and business
matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of purchasing and holding Restricted Preferred Stock; and (ii) to give written assurances satisfactory to the Corporation
stating that the Participant is acquiring Restricted Preferred Stock for the Participant’s own account and not with any present intention of selling or otherwise distributing the Restricted Preferred Stock. The Corporation may, upon advice of
counsel to the Corporation, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer
of the Restricted Preferred Stock. 
  

	3.9	Severability. 

  
 The provisions of this Plan will be deemed severable and the invalidity or unenforceability of any provision will not affect the validity or
enforceability of the other provisions hereof; provided that if any provision of this Plan is judicially determined not to be enforceable in accordance with its terms, the court judicially making such determination may modify the provision in a
manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases, and in its modified form, such provision will then be enforceable and will be enforced. 
  
 * * * * * * * * * * 
  

 7 

 EXECUTED as of the date of adoption first above written. 
  

			
	COMSYS HOLDING, INC.
		
	By:	 	/s/    MICHAEL T. WILLIS        
	 	 	 Michael T. Willis
 Chief Executive Officer and President

  

 8 

 APPENDIX 
  

The following definitions shall be in effect under the Plan: 
  

A. 1933 Act shall mean the Securities Act of 1933, as amended. 
  
 B. 1934 Act shall mean the Securities Exchange Act of 1934, as amended. 
  
 C. Amended and Restated Certificate of Incorporation shall mean the
Amended and Restated Certificate of Incorporation of the Corporation that is, or will be, filed by the Corporation with the Delaware Secretary of State creating the Restricted Preferred Stock, as may be amended or amended and restated from time to
time. 
  
 D. Award shall mean an award of Restricted
Preferred Stock issued pursuant to the Stock Issuance Program. 
  
 E. Board shall mean the Corporation’s Board of Directors. 
  
 F. Budgeted EBITDA shall mean, the amounts set forth in Sections 2.1.B.1 (b), (c) and (d) for the fiscal years 2004, 2005 and 2006, respectively. 
  
 G. CITS shall mean Comsys Information Technology Services, Inc. 
  
 H. Code shall mean the Internal Revenue Code of 1986, as amended.

  
 I. Common Stock shall mean the Corporation’s $0.01
par value Common Stock. 
  
 J. Consultant shall mean any
person, including an advisor, who is engaged by the Corporation (or any Parent or Subsidiary) to render consulting or advisory services and who is not an Employee or an executive officer or other officer of any Parent or Subsidiary. 
  
 K. Corporation shall mean Comsys Holding, Inc., a Delaware
corporation. 
  
 L. Credit Agreement shall mean the Second
Amended and Restated Credit Agreement dated as of June 30, 2000 (as previously amended or modified and as further amended, modified, supplemented or restated from time to time), among Comsys Information Technology Services, Inc., the Corporation,
the lenders parties thereto and First Union National Bank or any future senior credit agreement entered into in lieu of this agreement. 
  
 M. EBITDA shall mean the Corporation’s consolidated earnings before interest, taxes, depreciation and amortization as determined in accordance
with generally accepted accounting principles and consistent with the calculation of Consolidated EBITDA (as such term is defined in the Credit Agreement as in effect on the date hereof) for each fiscal year during the term of the Plan commencing
with the fiscal year 2004 together with such add-backs thereto as may be reasonably approved by the Board; provided however, that expenses associated with the establishment, implementation and operation of the Corporation’s 2004
Management Incentive Plan, including but not limited to legal and accounting fees, shall be excluded from the calculation of EBITDA. 
  

 Appendix Page 1 of 4 Pages 

 N. Employee shall mean an individual who is in the employ of the Corporation (or any Parent or
Subsidiary), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance. 
  
 O. Enterprise Value shall mean the sum of (i) the trailing 12-month EBITDA times six (determined as of the last full month prior to the
month in which the repurchase occurs) plus (ii) cash or cash equivalents, plus (iii) the then current aggregate outstanding principal amount of the Management Notes minus (iv) the Funded Debt of the Corporation and its Subsidiaries minus (v) the
aggregate liquidation value of the then outstanding Class E Preferred Stock of the Corporation; provided, however, if the determination of Fair Market Value relates to a Liquidity Event other than an Initial Public Offering, then the
Enterprise Value shall equal the total value assigned to the equity of the Corporation in such transaction. 
  
 P. Fair Market Value per share shall mean an amount equal to a fraction (x) the numerator of which is equal to the Class D Participation Percentage
(as defined in the Corporation’s Amended and Restated Certificate of Incorporation) times the Enterprise Value on the date of repurchase and (y) the denominator of which shall be the total number of shares of Restricted Preferred Stock
outstanding on the date of repurchase. 
  
 Q. Funded Debt
means Funded Debt as such term is defined in the Credit Agreement plus accrued interest thereon. 
  
 R. Grant Date shall mean the date an Award is granted to a Participant pursuant to the Plan, as evidenced by a Stock Issuance Agreement.

  
 S. Initial Awards shall have the meaning assigned to
such term in Section 1.4.B. 
  
 T. Initial Participants
shall have the meaning assigned to such term in Section 1.4.B. 
  
 U. Initial Public Offering shall mean the consummation of (i) the first public offering of the Common Stock of the Corporation or any of its direct or indirect Subsidiaries pursuant to a registration statement (other than on
Form S-8 or successor forms) filed with, and declared effective by, the SEC or (ii) following a merger transaction with an entity the common equity of which or that of its Parent is registered with the SEC, the consummation of a subsequent equity
offering resulting in gross proceeds of $35.0 million (such subsequent offering, a “Qualified Offering”). 
  
 V. Intercompany Note Receivable shall mean the aggregate amount of principal and interest due under CITS’ Intercompany Note dated September
25, 2001, in the original principal amount of $62,500,000 which is payable to the Corporation and CITS’ Intercompany Note dated September 25, 2001, in the original principal amount of $197,000 which is payable to the Corporation. 
  
 W. Liquidity Event shall mean any of the following transactions:

  
 (i) the occurrence of a Fundamental Change as
such term is defined in the Corporation’s Fifth Amended and Restated Certificate of Incorporation; provided, however, that the first merger after the Effective Date of the Corporation or CITS with an entity the common equity of
which or that of its Parent is registered with the SEC and in which the 

  

 Appendix Page 2 of 4 Pages 

 
Restricted Preferred Stock is exchanged for such registered equity shall not constitute a Fundamental Change; 
  
 (ii) a complete liquidation or dissolution of the
Corporation or CITS if, and only if, such liquidation or dissolution is effected in connection with a transaction contemplated by (i) above; 
  
 (iii) the occurrence of a Change in Ownership as such term is defined in the Corporation’s Fifth Amended and Restated Certificate of
Incorporation; or 
  
 (iv) an Initial Public
Offering. 
  
 A transaction shall not constitute a Liquidity Event if its sole
purpose is to change the state of the Corporation’s incorporation or to create a holding company that will be beneficially owned in substantially the same proportions by the persons or entities who held the Corporation’s securities
immediately before such transaction. 
  
 X. Merger
Transaction means any merger transaction to which the Corporation or any of its direct or indirect subsidiaries is a party. 
  
 Y. Management Notes means the Amended Notes as such term is defined in that certain Share Exchange Agreement by and among the Corporation, CITS and
the stockholders party thereto. 
  
 Z. Parent shall mean
any entity (other than the Corporation) in an unbroken chain of entities ending with the Corporation, provided each entity in the unbroken chain (other than the Corporation) owns, at the time of the determination, securities possessing 50% or more
of the total combined voting power of all classes of securities in one of the other entities in such chain. 
  
 AA. Participant shall mean any person who is issued shares of Restricted Preferred Stock under the Stock Issuance Program. 
  
 BB. Plan shall mean the Corporation’s 2004 Management Incentive
Plan, as may be amended from time to time. 
  
 CC. Restricted
Preferred Stock shall mean the Class D Preferred Stock, any additional series of the Corporation’s Preferred Stock that may be created from time to time that is intended to be issued in connection with the Plan and any securities issued in
respect thereof as provided for in this Plan. 
  
 DD.
Service shall mean a person’s performance of services to the Corporation or any successor thereto (or any Parent or Subsidiary thereof) in the capacity of an Employee, Consultant or officer or as may otherwise be specified in a Stock
Issuance Agreement or an employment agreement with a Participant. 
  
 EE. Stock Issuance Agreement shall mean the agreement entered into by the Corporation and the Participant at the time of issuance of shares of Restricted Preferred Stock under the Stock Issuance Program. 
  

 Appendix Page 3 of 4 Pages 

 FF. Stock Issuance Program shall mean the stock issuance program in effect under the Plan.

  
 GG. Subsidiary shall mean any entity (other than the
Corporation) in an unbroken chain of entities beginning with the Corporation, provided each entity (other than the last entity) in the unbroken chain owns, at the time of the determination, securities possessing 50% or more of the total combined
voting power of all classes of securities in one of the other entities in such chain. 
  

 Appendix Page 4 of 4 Pages

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