Document:

Exhibit

Exhibit 10.35

CORELOGIC, INC.
DIRECTORS’ COMPENSATION POLICY
(Effective December 10, 2019)
Directors of CoreLogic, Inc., a Delaware corporation (the “Company”), who are not employed by the Company or one of its subsidiaries (“Outside Directors”) are entitled to the compensation set forth below for their service as a member of the Board of Directors (the “Board”) of the Company.  The Board has the right to amend this policy from time to time.
	
			
	Cash Compensation
	 

	Annual Retainer-Non-Executive Director
	$80,000
	 

	Annual Retainer-Non-Executive Board Chairman
	$120,000
	 

	Annual Retainer-Committee Chairs
	 

	Audit Committee
	$25,000
	 

	Compensation Committee
	$20,000
	 

	Nominating and Corporate Governance Committee
	$15,000
	 

	Acquisition and Strategic Planning Committee
	$12,500
	 

	Annual Retainer-Committee Members
	 

	Audit Committee
	$15,000
	 

	Compensation Committee
	$10,000
	 

	Nominating and Corporate Governance Committee
	$7,500
	 

	Acquisition and Strategic Planning Committee
	$5,000
	 

	Fee for Attendance of Board and Committee
	 

	Meetings in Excess of Designated Number
	$2,000
	 

	 
	 

	Equity Compensation
	 

	Annual Equity Compensation-RSUs
	$160,000
	 

	 
	 

Cash Compensation
Each Outside Director will be entitled to an annual cash retainer while serving on the Board in the amount set forth above (the “Annual Retainer”).  An Outside Director who serves as the Non-Executive Board Chairman will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Additional Chairman Retainer”).  An Outside Director who serves as the Chair of the Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee or Acquisition and Strategic Planning Committee of the Board will be entitled to an additional annual cash retainer while serving in that position in the applicable amount set forth above (an “Additional Committee Chair Retainer”).  An Outside Director who serves as a member of the Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee or Acquisition and Strategic Planning Committee of the Board will be entitled to an additional annual cash retainer while serving in that position in the applicable amount set forth above (an “Additional Committee Member Retainer”).  The Additional Committee Chair Retainers represent amounts paid to the 

Exhibit 10.35

Committee Chairs for their service as Chairs, and are in addition to any Additional Committee Member Retainers that the Chairs are also eligible to receive.  Any Outside Director who attends more than eight meetings of the Board, Audit Committee or Compensation Committee in any calendar year, or who attends more than four meetings of the Nominating and Corporate Governance Committee or Acquisition and Strategic Planning Committee in any calendar year, will be paid a meeting fee for each such excess meeting attended in the amount set forth above (the “Excess Meeting Fee”).
The amounts of the Annual Retainer, Additional Chairman Retainer, Additional Committee Chair Retainers and Additional Committee Member Retainers reflected above are expressed as annualized amounts.  These retainers will be paid on a quarterly basis, at the end of each quarter in arrears, and will be pro-rated if an Outside Director serves (or serves in the corresponding position, as the case may be) for only a portion of the quarter (with the proration based on the number of calendar days in the quarter that the director served as an Outside Director or held the particular position, as the case may be).  Excess Meeting Fees will be paid as soon as practicable, and in all events within thirty days, after the applicable meeting.
Equity Awards
On the date of each annual meeting of the Company’s stockholders (or in the event of an out-of-cycle annual meeting, such earlier date as may be approved by the Board prior to the date of the annual meeting), each Outside Director then in office following the meeting (or on the date of any earlier grant date approved by the Board) will automatically be granted an award of restricted stock units (an “Annual RSU Award”) which shall be self-effecting and require no separate action or approval by the Board or Compensation Committee.  The amount of the award shall be determined by dividing (1) the Annual Equity Compensation grant value set forth above by (2) the per-share closing price of the Company’s common stock on the grant date, with the result rounded down to the nearest whole unit.  Each Annual RSU Award will vest in one annual installment on the first anniversary of the grant date (or if earlier, on the day prior to the annual meeting of the Company’s stockholders in the year following the year in which the award was granted), and will also vest upon the date of any Outside Director’s death, disability or a change in control of the Company prior to the normal vesting date.  The Board shall also have the discretion to vest any Outside Director’s Annual RSU Award in connection with any other termination of Board service as determined to be appropriate by the Board.  In the event that more than one annual meeting of the Company’s stockholders occurs during a given calendar  year, Annual RSU Awards will be made only in connection with the first such meeting to occur in that year.
For each new Outside Director appointed or elected to the Board other than on the date of an annual meeting of the Company’s stockholders (or following any earlier grant date approved by the Board, as provided above), on the date that the new Outside Director first becomes a member of the Board, the new Outside Director will automatically be entitled to a pro-rata portion of the Annual RSU Award (a “Pro-Rata Annual RSU Award”) determined by dividing (1) a pro-rata portion of the Annual Equity Compensation grant value set forth above by (2) the per-share closing price of the Company’s common stock on the date the new Outside Director first became a member of the Board.  The pro-rata portion of the Annual Equity Compensation grant value for purposes of a Pro-Rata Annual RSU Award will equal the Annual Equity Compensation grant value set forth above multiplied by a fraction (not greater than one), the numerator of which is 12 minus the number of whole months that as of the particular grant date had elapsed since the date  at which Annual RSU Awards were granted by the Company to Outside Directors, and the denominator of which is 12, with the result to be rounded down to the nearest whole unit.  Each Pro-Rata Annual RSU Award will vest pursuant to the same vesting schedule applicable to the Annual RSU Awards.  Each Pro-Rata Annual RSU Award shall be self-effecting and require no separate action or approval by the Board or Compensation Committee.

Exhibit 10.35

Each equity award will be made under and subject to the terms and conditions of the Company’s Amended and Restated 2011 Performance Incentive Plan (the “Plan”) or any successor equity compensation plan approved by the Company’s stockholders and in effect at the time of grant, and will be evidenced by, and subject to the terms and conditions of, an award agreement in the form approved by the Board or relevant committee thereof to evidence such type of grant pursuant to this policy (the “Form of Award Agreement”).  Except as provided below with respect to stock units deferred under the Company’s Outside Director Deferral Program, to the extent then vested, restricted stock units will generally be paid in an equal number of shares of the Company’s common stock as soon as practicable, and in all events within 74 days, after the applicable vesting date.
Outside Directors are entitled to receive dividend equivalents with respect to outstanding and unpaid restricted stock units granted pursuant to this policy.  Dividend equivalents, if any, are paid in the form of a credit of additional restricted stock units under the Plan and are subject to the same vesting, payment and other provisions as the underlying restricted stock units.
  The specific payment, termination and dividend equivalent provisions applicable to an award are set forth in the Plan and/or the related Form of Award Agreement.
Expense Reimbursement
All Outside Directors will be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or Committees thereof or in connection with other Board related-business.
Outside Director Deferral Program
The Company has established the following Outside Director Deferral Program (the “Program”) effective as of April 8, 2016.  Pursuant to the Program, Outside Directors may elect to receive their Annual RSU Award (including any Pro-Rata Annual RSU Award) in stock units under the Plan that will be paid on a deferred basis.
An Outside Director that wishes to receive his or her Annual RSU Award or Pro-Rata Annual RSU Award on a deferred basis shall make a deferral election by completing the election form as may be prescribed from time to time (an “Election Form “), and filing such completed form with the Company by the deadline determined below. Once an Election Form is validly filed with the Company, it shall automatically continue in effect for future calendar years unless the Outside Director changes or revokes his or her Election Form prior to the beginning of any such future calendar years.
With respect to any calendar year, except as otherwise provided below for new directors or with respect to a Forfeitable Rights Election (as defined below), an Outside Director may file an Election Form with the Company on or before December 31 immediately preceding the start of such calendar year or any earlier deadline that may be established with respect to the particular year. Such Election Form shall become irrevocable as of such December 31 and shall be effective with respect to the Annual RSU Award for the calendar year commencing on the January 1 that next follows such December 31. In addition, if permitted under the Program for the applicable calendar year, Outside Directors may also file an Election Form at least 12 months in advance of the ordinary vesting date if all of the other conditions of the “forfeitable rights” exception set forth in Treasury Regulation 1.409A-2(a)(5) are satisfied (a “Forfeitable Rights Election”) in the calendar year in which any Annual RSU Award is granted. All Forfeitable Rights Elections shall become irrevocable once made.

Exhibit 10.35

Notwithstanding anything to the contrary in the Program, to the extent permissible under Section 409A of the Code, any individual who first becomes an Outside Director after the date hereof may file an Election Form with the Company no later than thirty (30) days after such individual first becomes an Outside Director with respect to his or her Pro-Rata Annual RSU Award. Such Election Form shall be irrevocable once made and shall be effective with respect to the portion of the director’s Pro-Rata Annual RSU Award paid for services performed after such Election Form is filed with the Company.
Any Annual RSU Award or Pro-Rata Annual RSU Award that is validly deferred pursuant to an Election Form shall, subject to the applicable vesting requirements, be payable in a single lump sum in an equivalent number of shares of common stock upon or as soon as practicable, and in all events within 74 days, following the first to occur of (A) the date of the Outside Director’s Disability (within the meaning of the Treasury Regulations promulgated under Section 409A of the Code), death or Separation from Service and (B) the occurrence of a change in control of the Company that constitutes a “change in the ownership,” a “change in the effective control,”  or a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of the Treasury Regulations promulgated under Section 409A of the Code.
 As used herein, a “Separation from Service” occurs when an Outside Director dies, retires, or otherwise has a termination of service with the Company that constitutes a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h), without regard to the optional alternative definitions available thereunder. Notwithstanding the foregoing, in the event the Outside Director is a “specified employee” (within the meaning of Treasury Regulation Section 1.409A-1(i)) on the date of the Outside Director’s Separation from Service, the Outside Director shall not be entitled to payment of any stock units credited under the Program that would otherwise be paid in connection with his or her Separation from Service until the earlier of (A) the date which is six (6) months after his or her Separation from Service with the Company for any reason other than death, or (ii) the date of the Outside Director’s death (and, in either case, payment will be made within seventy four (74) days following that event); provided that this six-month delay shall apply only to the extent such delay in payment is required to comply with, and avoid the imputation of any tax, penalty or interest under, Section 409A of the Code.
Until paid, Outside Directors are entitled to receive dividend equivalents with respect to outstanding and unpaid stock units deferred under the Program in the same manner as dividend equivalents are credited with respect to restricted stock units described above.  Dividend equivalents, if any, are paid in the form of a credit of additional stock units under the Plan and are subject to the same vesting, payment and other provisions as the underlying stock units.
Stock units shall be used solely as a device for the determination of the number of shares of common stock eventually to be delivered to an Outside Director upon payment of such stock units. Stock units shall not be treated as property or as a trust fund of any kind. Stock units granted to an Outside Director pursuant to the Program shall be credited to an unfunded bookkeeping account maintained by the Company on behalf of each Outside Director to which the Outside Director’s stock units shall be credited.  Not less frequently than annually, the Company shall provide each Outside Director with a current statement of his or her account reflecting all credits of stock units as of such date.
An Outside Director shall have no rights as a stockholder of the Company, no dividend rights (except as expressly provided above with respect to dividend equivalent rights) and no voting rights with respect to stock units credited under the Program and any shares of common stock underlying or issuable in respect of such stock units until such shares are actually issued to and held of record by the Outside Director.  No assets have been secured or set aside by the Company with respect to the stock units and, if amounts become payable to an Outside Director pursuant to the Program, the Outside Director’s rights with respect to such amounts shall be no greater than the rights of any general unsecured creditor of the Company.

Exhibit 10.35

Shares issued under the Program and stock units credited under the Program shall be subject to the terms of the Plan. The specific payment, termination and dividend equivalent provisions applicable to deferred stock units are set forth in the Plan and/or the related Form of Award Agreement
Notwithstanding anything contained in the Program or in the Plan to the contrary, prior to the time the stock units are paid, neither the stock units nor any interest therein or amount payable in respect thereof may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily, other than by will or the laws of descent and distribution. The Program, including any Election Forms filed hereunder, shall be construed and interpreted to comply with Section 409A of the Code.Exhibit

Exhibit 10.51

[***]:  INDICATES THAT CERTAIN INFORMATION HAS BEEN OMITTED FROM THIS AGREEMENT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.  

AMENDMENT NO. 7

TO THE

MASTER SERVICES AGREEMENT
And
SUPPLEMENT A
BETWEEN

CORELOGIC SOLUTIONS, LLC
AND

NTT DATA SERVICES, LLC

Amendment 7 Effective Date August 1, 2019

This document contains proprietary and confidential information of CoreLogic and NTT DATA Services. The information contained in this document may not be disclosed outside either Party without the prior written permission of the other Party.

CORELOGIC/NTT DATA SERVICES CONFIDENTIAL

CORELOGIC/NTT DATA SERVICES CONFIDENTIAL    Amendment No. 7    

Exhibit 10.51

[***]:  INDICATES THAT CERTAIN INFORMATION HAS BEEN OMITTED FROM THIS AGREEMENT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.  

AMENDMENT NO. 7 TO THE
MASTER SERVICES AGREEMENT

THIS AMENDMENT NO. 7 (this “Amendment”) is entered into as of November 22, 2019 (the “Amendment Date”) by and between CoreLogic Solutions LLC (“CoreLogic”) and NTT DATA Services, LLC (“Supplier”) to be effective as of August 1, 2019, (the “Amendment Effective Date”).

WHEREAS, CoreLogic and Supplier are parties to a MSA and Supplement A, each dated as of July 19, 2012; Amendment No. 1 to the MSA dated October 23, 2012; Amendment No. 2 to the MSA dated December 6, 2012; Amendment No. 3 to the MSA dated March 17, 2017; Amendment No. 4 to the MSA dated October 1, 2017, Amendment No. 5 dated May 15, 2018, and Amendment No. 6 to the MSA dated December 1, 2018;

WHEREAS, CoreLogic and Supplier intend to further amend and restate the Agreement documents set forth below to make continuing service level improvement changes to the Service Levels.

NOW THEREFORE, in consideration of the mutual promises and covenants contained in this Amendment, and of other good and valid consideration, the receipt and sufficiency of which is hereby acknowledged, CoreLogic and Supplier hereby agree as follows:

		
	1.
	APPLICABILITY OF PROVISIONS OF THE AGREEMENT

This Amendment is subject to, and shall be governed by, all of the provisions of the Agreement, except to the extent such provisions are expressly modified by this Amendment. Capitalized terms used herein shall have the respective meaning ascribed to each by the Agreement except as otherwise expressly set forth in this Amendment.

		
	2.
	NEW AND AMENDED CONTRACT DOCUMENTS

Effective as of 12:00:01 a.m., U.S. Pacific Time on the Amendment Effective Date:

Amended and Restated Contract Documents. The following contract documents are hereby stricken in their entirety and replaced, respectively with those attached to this Amendment:

Schedule A-3.1    Service Level Matrix
		
	•
	Added 2.4.l1 KM-MR Server Decommissioning and 2.4l2 KM- MR Server Decommissioning Key Measurements.

Schedule A-3.2    Service Level Definitions and Measurement Methodology

CORELOGIC/NTT DATA SERVICES CONFIDENTIAL    Amendment No. 7    

Exhibit 10.51

[***]:  INDICATES THAT CERTAIN INFORMATION HAS BEEN OMITTED FROM THIS AGREEMENT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.  

		
	•
	2.2b CSL-SM-Incident Handling - High, under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.2d KM-SM Percentage of Incidents that are Accurately Triaged, under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.2.f1/2.2.f2 KM-SM-Problem Management-Service Impact Document Delivery (AIR and RCA), under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.3.a CSL-SD-Average Speed To Answer, under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.3.c KM-SD-Abandon Rate, under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.3.d CSL-SD-First Call Resolution, under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.6.b1/2.6b2 KM-DT End User Devise Services Support, changed “[***]%” to “[***]%”

		
	•
	2.6.e1/2.6.e2 KM-DT-End-User Device Moves/Adds/Changes, under Threshold Parameters, changed “[***]%” to “[***]%”

		
	•
	2.9.c KM-NW-Campus LAN Availability, under Threshold Parameters, changed “[***]% of the time” to “[***]% of the time”

		
	•
	2.9.f1 KM-NW-Contact Center Call Flow, under Threshold Parameters, changed “[***]%” to “[***]%

		
	•
	2.4.i KM-MR-Physical Server Provisioning Request, under Threshold Parameters, changed “[***]%” to “[***]%

		
	•
	2.4.j KM-MR-Virtual Sever Provisioning Request, under Threshold Parameters, changed “[***]%” to “[***]%

		
	•
	Added new Key Measurement definition for 2.4.l1 KM- MR Server Decommissioning

		
	•
	Added new Key Measurement definition for 2.4l2 KM-MR Server Decommissioning

		
	•
	2.5.b KM-Storage-Request For Tier 1,2,3 FOR < 100 TB, under Threshold Parameters, changed “[***]%” to “[***]%

		
	•
	3.0.a KM-Security Audit - Critical, under Threshold Parameters, changed “[***]%” to “[***]%

		
	•
	2.3.h KM-SM-Incident Management - Medium, under Threshold Parameters, changed “[***]% of Requests completed within [***]business hours” to “[***]% of Incidents resolved within [***] business days”

		
	•
	2.3.i KM-SM-Incident Management - Low, under Threshold Parameters, changed “[***]% of Requests completed within [***] business hours” to “[***]% Incidents resolved within [***] business days”

CORELOGIC/NTT DATA SERVICES CONFIDENTIAL    Amendment No. 7    

Exhibit 10.51

[***]:  INDICATES THAT CERTAIN INFORMATION HAS BEEN OMITTED FROM THIS AGREEMENT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.  

		
	3.
	GOVERNING LAW.

This Amendment shall be governed by and construed in accordance with the terms set forth in Section 19.4 of the Agreement.

		
	4.
	HEADINGS.

The article and section headings and the table of contents used herein are for reference and convenience only and will not be considered in the interpretation of this Amendment.

		
	5.
	OTHER PROVISIONS OF THE AGREEMENT UNCHANGED.

Except as specifically amended by this Amendment, all other provisions of the Agreement shall remain in full force and effect and shall not be altered by this Amendment.

		
	6.
	SIGNATURES.

This Amendment may be signed in multiple counterparts, each of which shall be an original but all of which shall constitute one and the same Amendment. Signatures to this Amendment sent by facsimile or by PDF shall be deemed for all purposes to be the same as original signatures.

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective duly authorized representatives as of the Amendment Effective Date.

	
			
	CORELOGIC SOLUTIONS, LLC
	 
	NTT DATA SERVICES, LLC

	By:/s/ Kevin Tang

Printed Name:  Kevin Tang

Title:  Sr. Leader, SCVM

Date11/25/2019
	 
	By:/s/ John Evans

Printed Name: John Evans

Title: Client Executive

Date11/25/2019

CORELOGIC/NTT DATA SERVICES CONFIDENTIAL    Amendment No. 7

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