Document:

exv10w14

Exhibit 10.14

EZCORP, INC.

INCENTIVE COMPENSATION PLAN

EZCORP, Inc., a Delaware corporation (the “Company”), adopts this Incentive Compensation Plan
(the “Plan”) to provide additional financial incentives for executives and selected key employees
to promote the success of the Company and to enhance the Company’s ability to attract and retain
highly qualified executives and other key employees. Under the Plan, each Plan Participant (as
defined below) shall have the opportunity to earn an annual bonus (an “Incentive Bonus”) based on
Company, business unit or individual performance or a combination thereof.

Compensation payable under the Plan to Executive Officers is intended to constitute “qualified
performance-based compensation” for purposes of Section 162(m) of the Internal Revenue Code of
1986, as amended, and Section 1.162-27 of the Treasury Regulations promulgated thereunder, and the
Plan shall be construed consistently with such intention.

Administration of the Plan

The Plan shall be administered by the Compensation Committee of the Company’s Board of Directors
(the “Committee”), which shall have full power and authority to construe, interpret and administer
the Plan and shall have the exclusive right to establish, adjust, pay or decline to pay the
Incentive Bonus for each Plan participant (subject to the limitations and restrictions stated in
the Plan). Such power and authority shall include the right to exercise discretion to increase or
reduce by any amount the Incentive Bonus otherwise payable to any Plan Participant; provided,
however, that (a) the Committee shall not have any discretion to increase the Incentive Bonus
otherwise payable to an Executive Officer, and (b) the exercise of discretion with respect to any
Plan Participant shall not have the effect of increasing the Incentive Bonus that is otherwise
payable to any Executive Officer. All Committee actions under the Plan shall be taken in
accordance with the applicable provisions of the Company’s By-laws and the Committee’s Charter.

The Committee may delegate any or all of its authority and responsibilities with respect to the
Plan and Incentive Bonuses, on such terms and conditions as it considers appropriate, to the Chief
Executive Officer of the Company; provided, however, that all determinations and decisions
regarding Incentive Bonuses to the Executive Officers may not be delegated and shall be made by the
Committee. All references to “Committee” herein shall include those persons to whom the Committee
has properly delegated authority and responsibility.

Participants

The following persons shall be participants in the Plan (“Plan Participants”):

	 	•	 	The persons who, from time to time, are designated by the Board of Directors as
Executive Officers.
	 
	 	•	 	Those other employees of the Company or any of its subsidiaries who are designated for
participation in the Plan with respect to any fiscal year, taking into consideration (a)
whether incentive-based compensation components are typically available for comparable
positions at competitor companies and (b) each employee’s potential to make meaningful and
substantial contributions to the achievement of the Company’s strategic, financial and
other performance goals.

A person’s selection as a Plan Participant for any fiscal year will be evidenced by a personalized
Award Statement delivered to them. After a person has been designated as a Plan Participant, he or
she may be removed from the Plan at any time and for any reason.

 

 

Awards

Not later than the 90th day of each fiscal year, the Committee, in its sole and absolute
discretion, shall designate the Plan Participants for such fiscal year and shall specify the terms
and conditions for the determination and payment of an Incentive Bonus to each Plan Participant for
such fiscal year. After the end of such 90-day period, the Committee may designate additional Plan
Participants so long as, within 30 days following each such additional designation, the Committee
specifies the terms and conditions for the determination and payment of an Incentive Bonus to such
additional Plan Participant.

The Committee may condition the payment of an Incentive Bonus upon the satisfaction of such
objective or subjective standards as the Committee shall determine to be appropriate, in its sole
and absolute discretion, and shall retain the discretion to increase or reduce the amount of any
Incentive Bonus that would otherwise be payable to a Plan Participant; provided, however, that the
Committee shall have no discretion to increase the amount of any Incentive Bonus that would
otherwise be payable to an Executive Officer.

Each Incentive Bonus awarded to an Executive Officer shall be conditioned on the achievement of one
or more of the following “Performance Measures,” calculated on a consolidated basis or a business
unit basis, as specified by the Committee:

	 	•	 	Total stockholder return (stock price appreciation plus dividends);
	 
	 	•	 	Net income;
	 
	 	•	 	Earnings per share;
	 
	 	•	 	Return on sales;
	 
	 	•	 	Return on equity;
	 
	 	•	 	Return on assets;
	 
	 	•	 	Return on invested capital;
	 
	 	•	 	Increase in the market price of stock or other securities;
	 
	 	•	 	Revenues;
	 
	 	•	 	Net revenues;
	 
	 	•	 	Operating income;
	 
	 	•	 	Cash flow;
	 
	 	•	 	EBITDA (earnings before interest, taxes, depreciation, amortization, and gain/loss on
sale/disposal of assets);
	 
	 	•	 	The performance of the Company in any of the above items in comparison to the average
performance of the companies used in a self-constructed peer group established before the
beginning of the period for measuring performance; or
	 
	 	•	 	Any other performance objective approved by the stockholders of the Company in
accordance with Section 162(m) of the Internal Revenue Code.

As soon as reasonably practicable after the end of each fiscal year, the Committee shall determine
whether the stated performance goal for each Incentive Bonus has been achieved and the amount of
the Incentive Bonus to be paid to each Plan Participant for such fiscal year; provided, however,
that the Incentive Bonus awarded to any Executive Officer may not exceed 300% of that Executive
Officer’s base salary during the fiscal year for which the Incentive Bonus is awarded.

Subject to any available election duly and validly made by a Plan Participant with respect to the
deferral of all or a portion of his or her Incentive Bonus, Incentive Bonuses shall be paid in cash
at such times (after the determinations described above) and on such terms as are determined by the
Committee in its sole and absolute discretion.

 

 

The Company shall have the right to withhold, or require a Plan Participant to remit to the
Company, an amount sufficient to satisfy any applicable federal, state, local or foreign
withholding tax requirements imposed with respect to the payment of any Incentive Bonus.

Adoption, Amendment, Suspension and Termination of the Plan

Subject to the approval of the Plan by the holder of the Company’s Class B Voting Common Stock, the
Plan shall be effective for the fiscal year of the Company commencing October 1, 2010 and shall
continue in effect until September 30, 2015, unless earlier terminated as provided below.
Notwithstanding the termination of the Plan on September 30, 2015, the Plan shall continue in
effect solely for the purpose of determining and paying out Incentive Bonuses for the fiscal year
ended September 30, 2015.

The Board of Directors may at any time suspend or terminate the Plan and may amend it from time to
time in such respects as the Board may deem advisable; provided, however, that the Board shall not
amend the Plan in any of the following respects without the approval of the holder of the Company’s
Class B Voting Common Stock:

	 	•	 	To increase the maximum amount of Incentive Bonus that may be paid to an Executive
Officer under the Plan;
	 
	 	•	 	To materially modify the requirements as to eligibility for participation in the Plan;
or
	 
	 	•	 	To materially modify the definition of Performance Measures.

No Incentive Bonus may be awarded during any suspension or after termination of the Plan, and no
amendment, suspension or termination of the Plan shall, without the consent of the person affected
thereby, alter or impair any rights or obligations under any Incentive Bonus previously awarded
under the Plan.

Miscellaneous

No Right to Bonus or Continued Employment — Neither the establishment of the Plan, the provision
for or payment of any amounts under the Plan nor any action of the Company, the Board of Directors
or the Committee with respect to the Plan shall be held or construed to confer upon any person (a)
any legal right to receive, or any interest in, an Incentive Bonus or any other benefit under the
Plan or (b) any legal right to continue to serve as an officer or employee of the Company or any
subsidiary of the Company. The Company expressly reserves any and all rights to discharge any Plan
Participant without incurring liability to any person under the Plan or otherwise. Notwithstanding
any other provision of the Plan and notwithstanding the fact that any stated performance goal has
been achieved or the individual Incentive Bonus amounts have been determined, the Company shall
have no obligation to pay any Incentive Bonus under the Plan unless the Committee otherwise
expressly provides by written contract or other written commitment.

Nontransferability — Except as expressly provided by the Committee, the rights and benefits under
the Plan are personal to a Plan Participant and shall not be subject to any voluntary or
involuntary alienation, assignment, pledge, transfer or other disposition.

Unfunded Plan — The Company shall have no obligation to reserve or otherwise fund in advance any
amounts that are or may in the future become payable under the Plan. Any funds that the Company,
acting in its sole and absolute discretion, determines to reserve for future payments under the
Plan may be commingled with other funds of the Company and need not in any way be segregated from
other assets or funds held by the Company. A Plan Participant’s rights to payment under the Plan
shall be limited to those of a general creditor of the Company.

Governing Law — The validity, interpretation and effect of the Plan, and the rights of all persons
hereunder, shall be governed by and determined in accordance with the laws of the State of
Delaware, other than the choice of law rules thereof.exv10w15

Exhibit 10.15

PROTECTION OF SENSITIVE INFORMATION,

NONCOMPETITION AND NONSOLICITATION AGREEMENT

The Employee identified on the signature page of this Agreement (“Employee”) is employed by
EZCORP, Inc., a Delaware corporation, or one of its subsidiaries (collectively, the “Company”), in
a position of trust and confidence. The Company expects Employee to continue to play a critical
role in the Company’s future business operations and desires to provide Employee with the strategic
information and tools necessary to enable Employee to help the Company achieve its long-term goals.
In the performance of Employee’s duties for the Company, the Company has provided, and expects to
continue to provide, Employee with Sensitive Information (as defined below). The Company seeks to
protect its confidential and proprietary information (including Sensitive Information), trade
secrets and goodwill. Therefore, Employee and the Company hereby agree as follows:

	1.	 	For purposes of this Agreement, “Sensitive Information” means that subset of non-public
Company information that is not generally disclosed to non-management employees of the
Company, including the following:

	 	(a)	 	Technical information of the Company or third parties that is in use, planned
or under development, such as processes or strategies, system design or capabilities,
and any other databases, methods, know-how, formulae, compositions, technological data,
technological prototypes, processes, discoveries, machines, inventions and similar
items;
	 
	 	(b)	 	Business information of the Company or third parties, such as actual and
anticipated relationships between the Company and other companies; financial
information (including sales levels, pricing, profit levels and other unpublished
financial data); information relating to customer or vendor relationships (including
performance requirements, development and delivery schedules, customer lists, customer
preferences, financial information and credit information); and similar items;
	 
	 	(c)	 	Personnel information of the Company and its affiliates, such as information
relating to employees of the Company (including information related to staffing,
performance, skills, qualifications, abilities and compensation), key talent
information, organizational human resource planning information and similar items;
	 
	 	(d)	 	Information relating to future plans of the Company, such as marketing
strategies, new product research, pending projects and proposals and similar items; and
	 
	 	(e)	 	Any other information that the Company is required to keep confidential by law
or agreement with any party.

	2.	 	Employee agrees not to use, publish, misappropriate or disclose any Sensitive Information,
except as may be required in the performance of Employee’s duties for the Company or expressly
authorized in writing by the Company, and agrees not to misappropriate or misuse the Company’s
goodwill.
	 
	3.	 	To protect the Company’s Sensitive Information and goodwill, and so as to enforce Employee’s
obligations herein, Employee agrees that, while Employee is employed by the Company and for a
period of one year following the end of Employee’s employment with the Company, Employee will
not compete with the Company, solicit a Company employee or solicit a Company supplier (in
each case, as described below).

	 	(a)	 	Employee shall be deemed to “compete with the Company” if he or she, directly
or indirectly:

	 	(i)	 	Is a principal, owner, officer, director, shareholder or other
equity owner (other than a holder of less than 5% of the outstanding shares or
other equity interests of a publicly traded company) of a Direct Competitor (as
defined below);

 

 

	 	(ii)	 	Is a partner or joint venturor in any business or other
enterprise or undertaking with a Direct Competitor; or
	 
	 	(iii)	 	Serves or performs work (whether as an employee, contractor,
consultant, advisor, representative or agent) for a Direct Competitor that is
similar in a material way to the work Employee performed for the Company during
his or her employment with the Company.

	 	 	 	The term “Direct Competitor” means any entity, sole proprietorship or other business
concern that, within the Restricted Area (as defined below), offers or plans to
offer products or services that are materially competitive with any of the products
or services being offered or marketed, or are being actively developed, by the
Company as of the date Employee’s employment ends.
The term “Restricted Area” means the area within a 25-mile radius of any of the
locations at which the Company offers products or services as of the date Employee’s
employment ends.
	 
	 	(b)	 	Employee shall be deemed to “solicit a Company employee” if he or she, directly
or indirectly by assisting or advising another person, (i) recruits, solicits, advises,
assist, attempts to influence or otherwise induces or persuades any person employed by
the Company to end his or her employment relationship with the Company or to accept
employment with any other person or entity, or (ii) facilitates, or plays any role in
(including through any form of communication, whether initiated by Employee or others),
the decision, consideration or action of any such employee of the Company to end his or
her employment relationship with the Company or to accept employment with any other
person or entity.
	 
	 	(c)	 	Employee shall be deemed to “solicit a Company supplier” if he or she, directly
or indirectly by assisting or advising another person, encourages any supplier,
business partner or vendor of the Company with whom Employee had any contact on behalf
of the Company during his or her employment or about whom Employee has any Sensitive
Information to terminate or diminish its relationship with the Company.

	4.	 	Employee represents and agrees that, following the end of his or her employment with the
Company, he or she will be willing and able to engage in employment not prohibited by this
Agreement. If Employee subsequently desires to pursue an opportunity prohibited by the terms
of this Agreement, Employee agrees to make written request to the General Counsel of the
Company for a modification of the restrictions contained in this Agreement prior to pursuing
the opportunity, such request to include the name and address of the entity or business
concern involved (if any) and the title, nature and duties of the activity Employee wishes to
pursue.
	 
	5.	 	Employee and the Company agree and believe that the terms of this Agreement are reasonable
and do not impose a greater restraint than necessary to protect the Company’s Sensitive
Information, goodwill and other legitimate business interests. If a court of competent
jurisdiction holds this not be the case, Employee and the Company agree that the terms of this
Agreement are hereby automatically reformed and rewritten to the extent necessary to make the
Agreement valid and enforceable. Employee and the Company also agree to request that the
court not invalidate or ignore the terms of this Agreement but instead to honor this provision
by reforming or modifying any overbroad or otherwise invalid terms to the extent needed to
render the terms valid and enforceable and then enforcing the Agreement as reformed or
modified. It is the express intent of Employee and the Company that the terms of this
Agreement be enforced to the full extent permitted by law.
	 
	6.	 	Employee acknowledges and agrees that a violation of this Agreement would cause irreparable
harm to the Company, and Employee agrees that the Company will be entitled to an injunction
restraining any violation or further violation of such provisions. In this connection,
Employee covenants that he or she will not assert in any proceeding that any given violation
or further violation of the covenants contained in this Agreement (a) will not result in
irreparable harm to the Company or (b) could be remedied adequately at

 

 

	 	 	law. The Company’s right to injunctive relief shall be cumulative and in addition to any
other remedies provided by law or equity or pursuant to other agreements with Employee.
	 
	7.	 	THIS AGREEMENT SHALL BE INTERPRETED IN ALL RESPECTS BY THE INTERNAL LAWS OF THE STATE OF
TEXAS, AND THE VENUE FOR THE RESOLUTION OF ANY DISPUTES (LOCATION OF ANY LAWSUIT) SHALL BE
SOLELY IN THE STATE AND FEDERAL COURTS OF TRAVIS COUNTY, TEXAS.
	 
	8.	 	The fact that one or more Paragraphs (or portion thereof) of this Agreement may be deemed
invalid or unenforceable by any court shall not invalidate the remaining Paragraphs or
portions of such Paragraphs of this Agreement.
	 
	9.	 	Employee acknowledges (a) that he or she has carefully read this Agreement and is signing it
voluntarily with full knowledge of its contents, (b) that he or she has been advised by
counsel to the extent he or she deems necessary, appropriate or desirable and (c) that he or
she understands and accepts all the terms of this Agreement. Employee agrees that he or she
will continue to be bound by the provisions of this Agreement after his or her employment
relationship with the Company has ended.
	 
	10.	 	This Agreement supplements, and does not supersede, any and all pre-existing agreements
between Employee and the Company regarding the subject matter hereof; provided, however, that
to the extent there is a conflict between the provisions of this Agreement and the provisions
of any such pre-existing agreement, the terms and provisions of this Agreement shall control
and shall be given precedence over the terms and provisions of such pre-existing agreement.
	 
	11.	 	This Agreement may not be amended or modified except by a written agreement signed by
Employee and the Company. This Agreement may not be superseded by any other agreement between
Employee and the Company unless such other agreement specifically and expressly states that it
is intended to supersede this Agreement.

In witness whereof, the parties have executed this Agreement on the dates indicated below, to be
effective as of the Effective Date set forth below.

Effective Date: [EFFECTIVE DATE]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	EZCORP, INC.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	By:	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	[NAME OF EMPLOYEE]

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