Document:

EX-10.20

	 	 	 	 	 

EXHIBIT 10.20

SECOND ADDENDUM TO THE AGREEMENT

BETWEEN HORIZON BANK, N.A.

AND JAMES H. FOGLESONG

WHEREAS, on January 29, 2001, Horizon Bank, N.A. (the “Bank”) entered into an Agreement (the
“Agreement”) with James H. Foglesong (the “Employee”), pursuant to which the Bank and Employee set
forth the terms and conditions with respect to the Employees’ responsibilities upon a “Change in
Control” (as defined in the Agreement); and

WHEREAS, pursuant to Section 19 of the Agreement, the parties reserved the right to modify the
Agreement by written agreement signed by both parties; and

WHEREAS, the parties desire to modify the Agreement to reflect a change in the Employee’s job title
and related responsibilities;

NOW, THEREFORE, effective as of January 1, 2009, the Bank and the Employee amend the Agreement in
the following particulars:

	 	1.	 	All references to the Employee’s job title as “Chief Financial Officer” throughout
the Agreement are deleted and replaced with the job title “Chief Internal Auditor.”
	 
	 	2.	 	Section 3 of the Agreement is deleted in its entirety and replaced with the
following:

“3. Duties of Employee. During the term, Employee shall be the Chief Internal
Auditor of the Bank and shall be responsible for the coordination and completion of the
internal audit programs of the Bank, as well as Horizon Bancorp and its related entities
(collectively referred to as ‘Horizon’). This includes but is not limited to managing
Horizon’s relationship with its third party internal auditing firm, conducting internal
audits, assisting to establish the internal audit schedule and timely completion of the
audit work. Employee shall also be responsible for coordinating the efforts of the Board
of Directors of Horizon Bancorp Audit Committee (the ‘Committee’), including timely
submission of all audit reports, and other duties as assigned by the Committee, and for
managing Horizon’s enterprise risk management program, which includes identifying
direction and volume of risk and coordinating efforts to mitigate risk. In addition,
Employee shall perform such duties and responsibilities for the Bank as may be assigned
by the Bank and which are not unreasonably inconsistent with the duties currently being
performed by the Employee; provided, however, that such duties shall be performed in or
from the principal executive offices of the Bank, currently located in Michigan City,
Indiana. Employee shall not be required to be absent from the location of the principal
executive offices of the Bank on travel status or otherwise more than 30 days in any
calendar year. Bank shall not, without the written consent of the Employee, relocate or
transfer Employee to a location more than 30 miles from his principal residence. During
the Term, Employee shall devote substantially all business time, attention and energy,
and reasonable best efforts, to the interests and business of the Bank and to the
performance of the Employee’s duties and responsibilities on behalf of the Bank.
Employee may use his discretion in fixing the hours and schedule of work consistent with
the proper discharge of the Employee’s duties. Employee, subject to the direction and
control of the Bank’s Board of Directors (‘Bank Board’) and Chief Executive Officer,
shall have all power and authority commensurate with the Employee’s status and necessary
to perform the Employee’s duties hereunder. As long as Employee is employed by the Bank
pursuant to this Agreement, Employee shall be entitled to office space and working
conditions consistent with the position as Chief Internal Auditor. The Bank shall
provide Employee with such assistance and working accommodations as are suitable to the
character of the position with the Bank and as are adequate for the performance of the
Employee’s duties.”

148

 

	 	3.	 	The following new provision is added to the Agreement as Section 8(F):

“(F) Delay of Payment of Benefits in Certain Circumstances.

	 	(i)	 	Separation from Service. ‘Separation from Service’ means the
date on which the Employee dies, retires or otherwise experiences a ‘Termination
of Employment’ with the Bank. Provided, however, a Separation from Service does
not occur if the Employee is on military leave, sick leave or other bona fide
leave of absence (such as temporary employment by the government) if the period of
such leave does not exceed six months, or if the leave is for a longer period, so
long as the individual’s right to reemployment with the Bank is provided either by
statute or by contract. If the period of leave exceeds six months and the
Employee’s right to reemployment is not provided either by statute or contract,
there will be a Separation from Service on the first date immediately following
such six-month period. The Employee will incur a ‘Termination of Employment’ when
a termination of employment is incurred under Treasury Regulation 1.409A-1(h)(ii).
	 
	 	(ii)	 	Suspension of Payments to Specified Employees. To the extent
such suspension is required by Section 409A of the Internal Revenue Code of 1986,
as amended (‘Code’) or Treasury Regulations issued pursuant to Code Section 409A,
if an amount is payable to the Employee due to the Employee’s Separation from
Service for a reason other than the Employee’s death, and if at the time of the
Separation from Service the Employee is a ‘Specified Employee,’ payment of all
amounts which constitute deferred compensation under Code Section 409A to the
Employee under the Agreement will be suspended for six months following such
Separation from Service. The Employee will receive payment of such amounts on the
first day following the six-month suspension period.

	 	(A)	 	A ‘Specified Employee’ means an individual who is a ‘Key
Employee’ of the Bank at a time when the Holding Bank’s stock is publicly traded
on an established securities market. The Employee will be a Specified Employee
on the first day of the fourth month following any ‘Identification Date’ on
which the Employee is a Key Employee.
	 
	 	(B)	 	The Employee is a ‘Key Employee’ if at any time during the
12-month period ending on an Identification Date the Employee is: (i) an officer
of the Bank having annual compensation greater than $160,000 (as adjusted in the
same manner as under Code Section 415(d) except that the base period will be the
calendar quarter beginning July 1, 2001, and any increase under this sentence
which is not a multiple of $5,000 will be rounded to the next lower multiple of
$5,000); (ii) a five-percent owner of the Bank; or (iii) a one-percent owner of
the Bank having an annual compensation greater than $150,000. For purposes of
determining whether an Employee is an officer under clause (i), nor more than 50
employees (or, if lesser, the greater of three or ten percent of the employees)
will be treated as officers, and those categories of employees listed in Code
Section 414(q)(5) will be excluded.
	 
	 	(C)	 	The ‘Identification Date’ for purposes of this Agreement is
December 31 of each calendar year.”

	 	4.	 	The Agreement shall remain the same in all other respects.

149

 

IN WITNESS WHEREOF, the Bank, by its officer thereunder duly authorized, and the Employee, have
caused this Second Addendum to be executed as of November ___, 2008, but effective as of January 1,
2009.

	 	 	 	 	 
	 	HORIZON BANK, N.A.

 	 
	 	By:  	 	 
	 	 	Craig M. Dwight, Chairman and 	 
	 	 	Chief Executive Officer 	 
	 
	 	EMPLOYEE

 	 
	 	By:  	 	 
	 	 	James H. Foglesong 	 
	 	 	 	 
	 

150EX-10.46

Exhibit
10.46

SECOND AMENDMENT TO THE

DICK’S SPORTING GOODS OFFICERS’ SUPPLEMENTAL SAVINGS PLAN

     WHEREAS, Dick’s Sporting Goods, Inc. (the “Company”) established the Dick’s Sporting Goods
Officers’ Supplemental Savings Plan (the “Plan”) for the benefit of certain employees;

     WHEREAS, pursuant to Section 8.1 of the Plan, the Company reserves the right to amend the
Plan; and

     WHEREAS, the Company wishes to amend the Plan to (i) reflect certain provisions of Section
409A of the Internal Revenue Code , (ii) clarify the manner in which deferrals may be transferred
between the Dick’s Sporting Goods Supplemental Smart Savings Plan and this Plan, (iii) clarify the
manner in which the Company may delegate its authority and responsibility under the Plan and (iv)
make other clarifying changes.

     NOW THEREFORE, the Plan is amended effective as of the dates specified below as follows:

1. Effective as of April 1, 2007, Section 1.1 of the Plan is amended to read as follows:

     1.1 Account(s) shall mean the accounts established for a particular Participant
pursuant to Article 3 of the Plan.

2. Effective as of the date set forth below, Section 1.2 of the Plan is amended to read as follows:

     1.2 Administrator shall mean the Company or such committee or individuals to
whom the Company, acting through its board of directors, has delegated its authority
and responsibility under the Plan, in which case Administrator means such committee
or individuals.

3. Effective as of April 1, 2007, a new Section 1.2A is added to the Plan as follows:

     1.2A Affiliated Company means any entities with whom the Company would be
considered a single employer under Code Sections 414(b) or 414(c).

4. Effective as of April 1, 2007, the last sentence of Section 1.6 of the Plan is amended to read
as follows:

Notwithstanding the foregoing, no event shall constitute a Change in Control for
purposes of permitting payment under the Plan if it is not a change in control event
described in the Treasury Regulations under Code Section 409A.

-1-

 

5. Effective as of April 1, 2007, Section 1.13 of the Plan is amended to read as follows:

     1.13 Disability shall mean either (i) a determination by the Social Security
Administration that a Participant is totally disabled or (ii) a determination under
the Company’s long-term disability plan that a Participant is disabled if such
determination includes that the Participant is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months.

6. Effective as of April 1, 2007, the following sentence is added to the end of Section 1.16:

Eligible Employee also means any senior manager and other highly compensated
employees of Affiliated Companies as may be designated by the Administrator to be
eligible to participate in the Plan.

7. Effective as of April 1, 2007, the second to last sentence of Section 1.28 of the Plan is
amended to read as follows:

Notwithstanding the foregoing or any other provision of the Plan to the contrary, in
the event that (1) a Participant’s separation from service triggers a payout of
benefits under this Plan, (2) at the time of which any stock of the Company is
publicly traded on an established securities market and (3) the Participant is a
“key employee” (as defined in Code Section 416(i) (without regard to paragraph (5)
thereof)) of the Company, the Settlement Date shall be delayed until the earlier of
(x) the first day of the seventh month following the Participant’s Termination of
Employment or (y) the Participant’s death, as necessary to comply with the
provisions of Code Section 409A.

8. Effective as of April 1, 2007, a new Section 1.28A is added to the Plan as follows:

     1.28A SSSP shall mean the Dick’s Sporting Goods Supplemental Smart Savings
Plan.

9. Effective April 1, 2007, Section 1.30 of the Plan is amended to read as follows:

     1.30 Termination of Employment shall mean the date of the cessation of the
Participant’s employment with the Company and its Affiliated Companies in accordance
with Code Section 409A.

10. Effective as of April 1, 2007, Section 2.2 of the Plan is amended to read as follows:

     2.2 Participant Deferral Elections. Except as set forth below, in
order to make a deferral, an Eligible Executive must submit a Participant Election
Form to the Administrator during the enrollment period established by the

-2-

 

Administrator prior to the beginning of the calendar year in which services are
performed to earn Base Salary or Bonus.

          (a) The Administrator may allow a Participant to make or revise a deferral
election with respect to “performance based compensation” at any time prior to the
first day of the sixth month preceding the end of the performance period over which
services are performed in connection with such performance based compensation if the
Administrator determines that the compensation subject to the election meets the
definition of performance based compensation under Code Section 409A.

          (b) The Administrator may establish a special enrollment period for newly
Eligible Executives entering the Plan during a Plan Year to allow deferral elections
within 30 days of eligibility for Base Salary or Bonus earned for services performed
during the balance of such Plan Year after such special enrollment period, except
that no mid-year election may be made by a Participant who already is a participant
in another plan that is aggregated with this Plan for purposes of Code Section 409A.

          (c) In the case of an ad hoc Discretionary Contribution described in Section
2.4, the Administrator may permit the Eligible Executive to defer such compensation
on or before the 30th day after the Eligible Executive obtains a legally
binding right to the compensation, provided that the election is made at least 12
months in advance of the earliest date at which the forfeiture condition could
lapse.

If no Participant Election Form is filed during the prescribed enrollment period,
the Participant’s election for the prior Plan Year shall continue in force for the
next Plan Year.

A Participant’s deferral election shall be considered irrevocable under the Plan as
of the last permissible date for making such an election, except as provided in
Section 2.5 regarding changes in payout elections, Article 6 regarding Disability
and Article 7 regarding Financial Hardship.

Notwithstanding the foregoing, Participants were permitted to revise elections as to
time and form of payment pursuant to the Code Section 409A transition relief.

11. Effective as of April 1, 2007, the following new sentence is added to the end of Section 2.3 of
the Plan:

Notwithstanding the foregoing, the Company shall not make a Matching Contribution on
behalf of any Bonus considered by the Administrator prior to the beginning of the
Plan Year to be unrelated to the Participant’s performance.

-3-

 

12. Effective as of April 1, 2007, a new Section 2.6 is added to the Plan to read as follows:

     2.6 Election Transfers between SSSP and the Plan. In the case of an
Eligible Executive who becomes eligible to participate in this Plan during the Plan
Year, but who cannot make a mid-year election because the Eligible Executive was
eligible for the SSSP, any deferral election that such Eligible Executive had under
the SSSP shall be transferred to and apply under this Plan for the remainder of the
Plan Year. Matching Contributions made on deferrals after the date the Eligible
Executive becomes a Participant in this Plan may be made in accordance with Section
2.3 of the Plan. Elections made by the Eligible Executive under the SSSP as to time
and form of payment of amounts deferred for the Plan Year shall apply not only to
amounts deferred under the SSSP, but also to amounts deferred for the remainder of
the Plan Year under this Plan.

In the case of an individual who ceases to be eligible for this Plan during a Plan
Year but becomes eligible to participate in the SSSP during the Plan Year, any
deferral election that such individual had under this Plan shall be transferred to
and apply under the SSSP for the remainder of the Plan Year. Matching contributions
made on deferrals after the date the individual becomes a participant in the SSSP
will be made in accordance with the SSSP. Elections made by such individual under
this Plan as to time and form of payment of amounts deferred for the Plan Year shall
apply not only to amounts deferred under this Plan, but also to amounts deferred for
the remainder of the Plan Year under the SSSP.

13. Effective as of April 1, 2007, Section 3.1 of the Plan is amended to read as follows:

     3.1 Participant Accounts. Solely for recordkeeping purposes up to five
bookkeeping Accounts shall be maintained for each Participant. One Retirement
Account and two Scheduled Distribution Accounts shall be maintained for the
Participant and shall be credited with the Participant’s directed deferrals at the
time such amounts would otherwise have been paid to the Participant. Discretionary
Contributions shall be credited to the Participant’s Retirement Account. A Company
Match Account shall be maintained for the Participant and shall be credited with
Matching Contributions as of the last day of the Plan Year for which the
contribution is made. A fifth account shall be established, if applicable, for
amounts transferred from the SSSP. Accounts shall be deemed to be credited with
notional gains or losses as provided in Section 3.3 from the date the deferral or
Company Contribution is credited to the Account through the Valuation Date.

14. Effective as of April 1, 2007, a new Section 3.5 is added to the Plan to read as follows:

     3.5 Account Transfers between SSSP and the Plan. In the case of a
Participant who previously was eligible for the SSSP and becomes eligible to
participate in this Plan, such Participant’s account balance under the SSSP shall be
transferred to this Plan as soon as administratively practicable. Elections made

-4-

 

by the Participant under the SSSP as to time and form of payment of such transferred
amounts shall continue to apply under this Plan. The vesting schedule applicable
under the SSSP to such transferred amounts shall continue to apply under this Plan.

In the case of a Participant who ceases to be eligible for this Plan and becomes
eligible to participate in the SSSP, such Participant’s account balance under this
Plan shall be transferred to the SSSP as soon as administratively practicable.
Elections made by the Participant under this Plan as to time and form of payment of
such transferred amounts shall continue to apply under the SSSP. The vesting
schedule applicable under this Plan to such transferred amounts shall continue to
apply under the SSSP.

15. Effective as of April 1, 2007, the second sentence of Section 4.1 of the Plan is amended to
read as follows:

The benefits from each Account shall be paid in a lump sum unless the Participant
has made a timely and valid election under the applicable provisions of Article 2 to
have the benefits from each applicable Account paid in annual installments over a
specified period of not more than 20 years.

16. Effective as of April 1, 2007, the second sentence of Section 4.5 of the Plan is amended to
read as follows:

If a Change in Control occurs (before the Participant’s Account has been fully
distributed), distribution shall be made in an amount equal to the balance of the
Participant’s Account, credited with notional earnings as provided in Article 3
through the Valuation Date, in the form of a single sum payable on the last day of
the fifteenth month commencing after the month in which such Change in Control
occurs, unless the Participant makes a timely election under the applicable
provisions of Article 2 to delay commencement of a particular Account by a minimum
of five years and to receive the benefits at a later date in the form of a single
lump sum or over a period of up to 20 years.

17. Effective as of the date set forth below, the first sentence of Section 8.1 of the Plan is
amended to read as follows:

The Company may amend or terminate the Plan at any time by action of its board of
directors, and the Company, by action of its board of directors, may delegate its
authority to amend the Plan to a committee or individuals; provided, that no
amendment or termination may reduce Participant Account balances.

-5-

 

     IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed this  4th
 day of December, 2008.

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Kathryn L. Sutter
 

	 	 
	 
	 	 	 	 	 	 
	 	 	Title: SVP, Human Resources	 	 

-6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]