Document:

cub_Ex10_1

		
			Exhibit 10.1
		

		
			 
		

		
			AMENDMENT TO SEPARATION AGREEMENT AND GENERAL RELEASE
		

		
			 
		

		
			THIS AMENDMENT TO SEPARATION AGREEMENT AND GENERAL RELEASE (“Amendment”) is made effective as of the 10th day of April, 2018, by and between Cubic Corporation  (“CUBIC”), and John D. Thomas (“EMPLOYEE”).
		

		
			 
		

		
			WHEREAS, the Company and Executive are parties to that certain Separation Agreement and General Release executed by CUBIC and EMPLOYEE on July 11, 2017 (the “Original Agreement”); and
		

		
			WHEREAS, CUBIC and EMPLOYEE desire to amend the Original Agreement on the terms and conditions set forth below.
		

		
			NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows:
		

		
			1.         Section 2.c of the Original Agreement.  Section 2.c of the Original Agreement is hereby amended and restated to read as follows:
		

		
			c.   Stock Units.  Pursuant to the Cubic Corporation 2005 Equity Incentive Plan and the Cubic Corporation 2015 Incentive Award Plan, EMPLOYEE has been granted time-based restricted stock units (“RSUs”) and performance restricted stock units (“PRSUs”) pursuant to those certain Restricted Stock Unit Award Grant Notices and Restricted Stock Unit Award Agreements (each, an “RSU Agreement”) between EMPLOYEE and CUBIC.  Effective as of the Separation Date: 
		

		
			 
		

		
			i.    Time-Based RSUs.  EMPLOYEE will retain only those time-based RSUs that have vested in accordance with their terms on or before EMPLOYEE’s Separation Date and any unvested time-based RSUs shall terminate.
		

		
			 
		

		
			ii.   Fiscal Year 2016 PRSUs.  EMPLOYEE shall remain eligible to vest in those PRSUs granted to EMPLOYEE on November 6, 2015, and that have a “Measurement Date” (as defined in the applicable RSU Agreement) of September 30, 2018, on the “Determination Date” (as defined in the applicable RSU Agreement) for such PRSUs in accordance with the performance-vesting terms of such PRSUs pursuant to the terms of the applicable RSU Agreement, subject to EMPLOYEE’s continued consulting services to CUBIC through such Determination Date in accordance with Section 6 below.
		

		
			 
		

		
			iii.  Fiscal Year 2017 PRSUs.  EMPLOYEE shall remain eligible to vest in those PRSUs granted to EMPLOYEE on November 14, 2016, and that have a “Measurement Date” (as defined in the applicable RSU Agreement) of September 30, 2019 on the “Determination Date” (as defined in the applicable RSU Agreement) for such PRSUs in accordance
		

		
			
		

		
			

		 

 

		

		
			with the performance-vesting terms of such PRSUs pursuant to the terms of the applicable RSU Agreement, with the exception that the number of PRSUs that shall vest pursuant to such award, if any, shall be multiplied by two-thirds (2/3), subject to EMPLOYEE’s continued consulting services to CUBIC through the Separation Pay Period (as defined below) in accordance with Section 6 below.
		

		
			 
		

		
			2.         Miscellaneous.  This Amendment shall be and is hereby incorporated in and forms a part of the Original Agreement.  All other terms and provisions of the Original Agreement shall remain unchanged except as specifically modified herein.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.  This Amendment shall be governed by and construed in accordance with the laws of the State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof.  The headings of the sections in this Amendment are inserted solely for the convenience of the parties and are not a part of and are not intended to govern, limit or aid in the construction of any term of provision hereof.  This Amendment may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.
		

		
			 
		

		
			(Signature Page Follows)
		

		
			
		

		
			

		 

 

		

		
			IN WITNESS WHEREOF, the parties have executed this Amendment as of the date(s) set forth below.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						    

					
					
						CUBIC CORPORATION

				
	
					
						Dated:

					
					
						April 16, 2018

					
					
						 

					
					
						By:

					
					
						/s/ James R. Edwards

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Name:

					
					
						James R. Edwards

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Title:

					
					
						Senior Vice President & General Counsel

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						EMPLOYEE

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Dated:

					
					
						April 10, 2018

					
					
						 

					
					
						/s/ John D. Thomas

				
	
					
						 

					
					
						 

					
					
						 

					
					
						John D. Thomascub_Ex10_2

		
			Exhibit 10.2
		

		
			 
		

		
			AMENDMENT TO
		

		
			CUBIC CORPORATION
		

		
			TRANSITION PROTECTION plan
		

		
			 
		

		
			 
		

		
			THIS AMENDMENT TO the CUBIC CORPORATION TRANSITION PROTECTION PLAN (this “Amendment”), effective as of May 1, 2018 (the “Plan Amendment Date”), is made and adopted by CUBIC CORPORATION, a Delaware corporation (the “Company”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Plan (as defined below).
		

		
			RECITALS
		

		
			WHEREAS, the Company has adopted the Cubic Corporation Transition Protection Plan (the “Plan”); 
		

		
			WHEREAS, the Company desires to amend the Plan as set forth below; and
		

		
			WHEREAS, the Executive Compensation Committee of the Board of Directors has approved this Amendment.
		

		
			NOW, THEREFORE, in consideration of the foregoing, the Company hereby amends the Plan as follows:
		

		
			 
		

		
			1.          Section 2(d) of the Plan is hereby amended to read as follows:
		

		
			 
		

		
			“(d)       “Change in Control” shall be deemed to occur on the happening of any of the following events:
		

		
			 
		

		
			(i)          Any acquisition of beneficial ownership (as defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as defined in Rule 13d-3 of the Exchange Act of such number of shares of the Company’s equity securities by any individual, entity or group (within the meaning of Section 13(d)(3) of the Exchange Act) (a “Person”)  which enables such Person to elect a majority of the Company’s Board by cumulative voting, assuming 90% of outstanding shares vote;
		

		
			 
		

		
			(ii)         Any sale of a Substantial Portion of the Property (as defined herein) of the Company.
		

		
			 
		

		
			(iii)       As to an Participant who is an employee of a Subsidiary, any sale of a Substantial Portion of the Property or the sale or issuance of a majority of the stock of such Subsidiary by the Company to any party other than an Affiliate of the Company;
		

		
			 
		

		
			(iv)        Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company; 
		

		
			 
		

		
			(v)         The consummation by the Company, directly or indirectly, in one or more steps, of a merger, consolidation, reorganization, or business combination or any act or event which results in a majority of the Company’s Board as existing immediately prior to such acts or events not continuing to serve as such; or
		

		
			
		

		
			

		 

 

		

		
			(vi)        A change in the composition of the Board such that, during any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in Section 2(d)(i), (ii) or (v)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director without objection to such nomination) of the directors then still in office who either were directors at the beginning of the two-year period or whose election or nomination for election was previously so approved (each, an “Incumbent Director”), cease for any reason to constitute a majority thereof; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an actual or threatened election contest (as such terms are used in Rule 14a 11 of Regulation 14A promulgated under the Exchange Act) with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board shall be an Incumbent Director; or
		

		
			 
		

		
			In addition, if a Change in Control constitutes a payment event with respect to any payment under this Plan which constitutes a deferral of compensation and is subject to Section 409A of the Code, the transaction or event described above with respect to such payment must also constitute a “change in control event,” as defined in Treasury Regulation §1.409A-3(i)(5) to the extent required by Section 409A of the Code.”
		

		
			 
		

		
			 2.         This Amendment shall be and is hereby incorporated in and forms a part of the Plan.  All other terms and provisions of the Plan shall remain unchanged except as specifically modified herein.  The Plan, as amended by this Amendment, is hereby ratified and confirmed.
		

		
			 
		

		
			I hereby certify that the foregoing Amendment was duly adopted by the Executive Compensation Committee of the Board of Directors of Cubic Corporation on May 1, 2018.
		

		
			 
		

			
					
						 

					
					
						    

					
					
						By:

					
					
						/s/ James R. Edwards

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						James R. Edwards

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Senior Vice President, General Counsel & Secretary

				

		
			 
		

		 

		

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