Document:

Exhibit

Exhibit 10.8

AMENDMENT TO SETTLEMENT AGREEMENT

This Amendment (this “Amendment”) dated as of December 31, 2015 is by and among the persons and entities listed on Exhibit A hereto (collectively, the “Shareholders”, and individually each a “Shareholder”) and The Manitowoc Company, Inc. (the “Company”).
RECITALS
A.The Company and the Shareholders have entered into a Settlement Agreement dated February 6, 2015 (the “Settlement Agreement”) 

B.The Company and the Shareholders desire to amend the Settlement Agreement as set forth below

AGREEMENT

The Company and the Shareholders hereby agree as follows:

1.The definition of Fundamental Covenants appearing in Section 3.1 of the Settlement Agreement is hereby amended to add the words “and (iv) the covenant set forth in clauses (A) and (B) of the proviso in Section 3.1(b) to set the 2016 Deadline after notice of the Company relating to the initial members of the Board of Directors of the Company has been provided to the Shareholders.”

2.The first paragraph of Section 3.1(b) of the Settlement Agreement (i.e., from the words “Each of...” until, but excluding, clause (i)) is hereby amended by replacing it in its entirety with the following:

Each of the Shareholders agrees that, (I) if the Icahn Company Designee resigns, or provides written notice to the Company of his or her intent to resign, as a director of the Company prior to the last day of the advance notice deadline set forth in the Company’s by-laws with respect to the 2016 Meeting (as such deadline may be modified in accordance with clause (A) below, the “2016 Deadline”), then until the day that is five (5) days  after the date that no Icahn Designee (including for the avoidance of doubt any Replacement) serves on the Board (it being understood that if the Icahn Company Designee gives the Company at least five (5) days advance written notice of his or her intent to resign as a director prior to resigning, then the foregoing shall refer to the date that no Icahn Designee (including for the avoidance of doubt any Replacement) serves on the Board rather than five (5) days after such date (provided that (A) the Company agrees that the 2016 Deadline  shall occur no less than eight (8) days following written notice from the Company to the Shareholders or public announcement in a press release or current report on Form 8-K of the determination by the Company’s Board of Directors (or the Corporate Governance Committee of the Board of Directors) of all the initial members of the Board of Directors of the Company who will serve immediately following the Separation Effective Time, and (B) the Company represents and agrees that, if it is necessary to extend the 2016 Deadline in order to comply with the foregoing clause (A), the Company is permitted under applicable law to extend such 2016 Deadline and shall extend such 2016 Deadline for all shareholders)) and (II) if the Icahn Company Designee does not resign, or provide written notice to the Company of his or her intent to resign, as a director of the Company prior to the 2016 Deadline, then until the day that is twenty-five (25) days after the date that no Icahn Designee (including for the avoidance of doubt any Replacement) serves on the Board (it being understood that if the Icahn Company Designee gives the Company at least twenty-five (25) days advance written notice of his or her intent to resign as a director prior to resigning, then the foregoing shall refer to the date that no Icahn Designee (including for the avoidance of doubt any Replacement) serves on the Board rather than twenty-five (25) days after such date; it being further understood that if the Icahn Company Designee is no longer a member of the Board due to circumstances in which the Shareholders would be entitled to appoint a Replacement, then an Icahn Designee shall be deemed to continue to be a member of the Board for all purposes of this Agreement until such time as the Shareholders irrevocably waive in writing any right to either designate such a Replacement or appoint such a Replacement) (the “Company Standstill Period”), so long as the Company has not breached a Fundamental Covenant in any respect and has not breached any other provision of this Agreement in any material respect, and failed to cure such breach of a Fundamental Covenant or other provision within five (5) days following receipt of written notice from a Shareholder of such breach, neither such Shareholder nor any controlled Affiliates of such Shareholder will, directly or indirectly (it being understood and agreed that none of the following restrictions shall apply to any Icahn Designee solely in such person’s capacity as a director of the Company or in any way prevent or restrict such director from discussing any of the matters described in the following restrictions privately with other members of the Board solely in such person’s capacity as a director in a manner consistent with his or her fiduciary duties to the Company):

3.The Company represents and warrants that the Company has the power and authority to execute, deliver and carry out the terms and provisions of this Amendment and that the Company’s Board of Directors has approved the terms and provisions of this Amendment and the consummation by the Company of the actions contemplated by this Amendment. 

4.Except as amended herein, the Agreement remains in full force and effect.

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IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above written.
	
			
	The Manitowoc Company, Inc.

	 
	 

	By:  /s/ Maurice D. Jones 
Maurice D. Jones
Senior Vice President, General Counsel and Secretary

	 
	 

	
			
	ICAHN PARTNERS MASTER FUND LP
ICAHN OFFSHORE LP
ICAHN PARTNERS LP
ICAHN ONSHORE LP
BECKTON CORP.
HOPPER INVESTMENTS LLC
By:  Barberry Corp., its sole member
BARBERRY CORP.
HIGH RIVER LIMITED PARTNERSHIP
By:  Hopper Investments LLC, general partner
By:  Barberry Corp., its sole member

	 
	 

	By: /s/ Keith Cozza
Name:  Keith Cozza
Title: Chief Operating Officer; Secretary

	 
	 

	ICAHN CAPITAL LP
By:  IPH GP LLC, its general partner
By:  Icahn Enterprises Holdings L.P., its sole member
By:  Icahn Enterprises G.P. Inc., its general partner
IPH GP LLC
By:  Icahn Enterprises Holdings L.P., its sole member
By:  Icahn Enterprises G.P. Inc., its general partner
ICAHN ENTERPRISES HOLDINGS L.P.
By:  Icahn Enterprises G.P. Inc., its general partner
ICAHN ENTERPRISES G.P. INC.

	 
	 

	By: /s/ Keith Cozza
Name:  Keith Cozza
Title: Chief Operating Officer; Secretary

	 
	 

/s/ Carl C. Icahn                       
Carl C. Icahn

EXHIBIT A

ICAHN PARTNERS MASTER FUND LP
ICAHN OFFSHORE LP
ICAHN PARTNERS LP
ICAHN ONSHORE LP
BECKTON CORP.
HOPPER INVESTMENTS LLC
BARBERRY CORP.
HIGH RIVER LIMITED PARTNERSHIP
ICAHN CAPITAL LP
IPH GP LLC
ICAHN ENTERPRISES HOLDINGS L.P.
ICAHN ENTERPRISES G.P. INC.
CARL C. ICAHNEX-10.1

 Exhibit 10.1 

BANK OF THE OZARKS, INC. 

2016 STOCK-BASED PERFORMANCE AWARD PLAN 

Pursuant to the Bank of the Ozarks, Inc. 2009 Restricted Stock and Incentive Plan, as amended and restated effective May 19, 2014 (the
“Amended Plan”), the Personnel and Compensation Committees (the “Committee”) of the Boards of Directors of Bank of the Ozarks, Inc. (the “Company”) and its wholly-owned bank subsidiary, Bank of the
Ozarks (the “Bank”) has established the following plan for the 2016 grants of Performance Awards to be payable in shares of restricted common stock of the Company (the “Program”) in order to encourage outstanding
performance from its officers. Subject to applicable law, all designations, determinations, interpretations, and other decisions under or with respect to the Program or any award shall be within the sole discretion of the Committee, may be made at
any time and shall be final, conclusive and binding upon all persons. Designations, determinations, interpretations, and other decisions made by the Committee with respect to the Program or any Performance Award need not be uniform and may be made
selectively among participants, whether or not such participants are similarly situated. Performance Awards made pursuant to the Program to Covered Officers are intended to qualify as “performance-based compensation” within the meaning of
Section 162(m) of the Code and the regulations promulgated thereunder and this Program shall be interpreted accordingly. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Amended Plan. 

Participation 
 The Committee shall
designate those officers of the Company and/or the Bank that will be eligible to receive an award pursuant to the Program (each a “Participant”) and if such Participant is a Covered Officer, as defined in the Amended Plan. 

Performance Period 
 Awards shall be
calculated based on the financial results for the period beginning on January 1, 2016 and ending on December 31, 2016 (the “Performance Period”) and paid within two and one-half months following the end of the Performance
Period pursuant to the terms of this Program. Following the completion of the Performance Period, the Committee shall certify in writing whether the applicable performance targets have been achieved and the amounts, if any, payable to any
Participant for the Performance Period. 
 Company Performance Metrics and Award Opportunities 

The Company performance metrics (each a “Performance Metric”) and the relative weighting of each Performance Metric
(“Weight”) for the Program are set forth and defined in the table below. No later than 90 days following the commencement of the Performance Period, the Committee shall approve the performance level that must be attained with
respect to each Performance Metric before payout using various levels of performance. 
  

					
	 2016 Performance Metrics
	  	Weight	 
	 Diluted Earnings Per Share (“EPS”)(1)
	  	 	30	% 
	 Growth in Non-Purchased Loans
	  	 	30	% 
	 Total Shareholder Return (“TSR”) to NASDAQ Index
	  	 	20	% 
	 Regulatory Compliance
	  	 	10	% 
	 Pending Acquisitions
	  	 	10	% 

  

	 	(1)	 Computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding after consideration of
the dilutive effect, if any, of the 

	 	
Company’s outstanding common stock options using the treasury stock method. Net income for purposes of calculating EPS under the Program means the Company’s after tax net income
available to common shareholders, determined in accordance with GAAP, adjusted to exclude (i) any unusual and/or non-recurring items, including but not limited to, the after-tax impact of any bargain purchase gains, acquisition-related costs,
liquidation charges related to contract terminations, information technology systems de-conversion and conversion costs, and any other similar costs or expenses and (ii) the effects of changes in tax law, accounting principles or other such
laws or provisions affecting reported results. 

 No later than 90 days following the commencement of the Performance Period,
the Committee shall determine incentive opportunities payable to each Participant based on the level of performance attained for the particular Performance Metric over the Performance Period. Payouts under each Performance Metric will depend on the
level of performance achieved with respect to the particular metric. If the Company’s performance is below the threshold amount set for the particular Performance Metric, the payout related to the particular metric is zero. Company performance
that is at or above the maximum level set for the particular Performance Metric may result in payment up to the maximum amount of the incentive opportunity for that particular Performance Metric. 

Payment of Awards 
 As soon as practicable
following the end of the Performance Period, the Committee shall determine (such date, the “Determination Date”) whether and to what extent each Performance Metric has been achieved and the final dollar amount (“Bonus
Award”), if any, payable to each Participant under the Program. In determining the amount earned by the Participant for the Performance Period, the Committee shall have the right to reduce (but not increase) the amount payable at a given
level of performance to take into account additional factors that the Committee may deem relevant to the assessment of individual or Company performance for the Performance Period, including the Company’s overall performance, the individual
Participant’s specific contributions and performance throughout the Performance Period and any actual or perceived inappropriate risks taken by Participants. 

Each Bonus Award shall be settled solely in shares of Restricted Stock pursuant to a restricted stock award agreement, the form of which is
consistent with past grants of Restricted Stock and previously approved by the Committee. The Restricted Stock shall vest 100% on the third anniversary of the grant date. The actual number of shares of Restricted Stock that will be granted to any
Participant will be based on the final Bonus Award approved by the Committee on the Determination Date; provided, however, the number of shares of Restricted Stock may not exceed the maximum number of shares set forth in Section 10.3(a) of the
Amended Plan. 
 Except as the Committee may otherwise determine in its sole and absolute discretion, termination of a Participant’s
employment prior to the end of the Performance Period will result in the forfeiture of the award by the Participant, and no shares of Restricted Stock shall be granted with respect thereto. 

This Program is not a “qualified” plan for federal income tax purposes, and any payments are subject to applicable tax withholding
requirements. 
 Other Provisions 

Adjustments for Unusual or Nonrecurring Events. In addition to any adjustments enumerated by the Committee when setting the Performance
Metrics, the Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, awards in recognition of unusual or nonrecurring events affecting any Participant, the Company, or any Subsidiary or affiliate, or
the financial statements of 

 the Company or of any Subsidiary or affiliate; in the event of changes in applicable laws, regulations or
accounting principles; or in the event the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Amended Plan. The
Committee is also authorized to adjust performance targets or awards downward to avoid unwarranted windfalls. Notwithstanding the foregoing, the Committee shall not make any adjustments to the Program that would prevent any awards made to Covered
Officers from qualifying as “performance-based compensation” pursuant to Section 162(m) of the Code. 
 No Right to
Employment. The grant of an award shall not be construed as giving a Participant the right to be retained in the employ of the Company or any Subsidiary or affiliate. 

No Trust or Fund Created. Neither the Program nor any Performance Award shall create or be construed to create a trust or separate fund
of any kind or a fiduciary relationship between the Company or any Subsidiary or affiliate and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company or any Subsidiary or affiliate
pursuant to an award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Subsidiary or affiliate. 

No Rights to Awards. No person shall have any claim to be granted any award and there is no obligation for uniformity of treatment
among Participants. The terms and conditions of the awards, if any, need not be the same with respect to each Participant. The Company reserves the right to terminate the Program at any time in the Company’s sole discretion. 

Section 409A of the Internal Revenue Code. This Program is intended to comply with Section 409A of the Code and will be
interpreted in a manner intended to comply with Section 409A of the Code. 
 Application of Company Clawback Policy. All grants,
awards, shares of the Company’s common stock, cash or other compensation received by any Participant pursuant to the Program that constitute incentive-based compensation may be subject to recovery by the Company under any compensation recovery,
recoupment or clawback policy adopted by the Company and applicable to such Participant, including without limitation any policy that the Company may be required to adopt under Section 954 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Company’s common stock may be listed.

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