Document:

EX-10.7

 Exhibit 10.7 

First Amendment to the Virtus Investment Partners, Inc. 

Omnibus Incentive and Equity Plan 

The Virtus Investment Partners, Inc. Omnibus Incentive and Equity Plan (the “Plan”), is hereby amended, effective as of
February 9, 2012, as follows. Terms not otherwise defined herein shall have the same meaning as those terms are defined in the Plan. 
  

	 	1.	New Section 2.1(t-1) is hereby added to the Plan, as follows: 

 (t-1) “Early
Retirement” means, for Awards granted after February 9, 2012, termination of a Participant’s employment or service on or after the Participant attains age 60 with 10 years of credited service with the Company and its Subsidiaries. For
this purpose, “credited service” means credited service as an employee or service as a director of the Company as determined and measured by the Company for service credit purposes. 

 

	 	2.	Section 2.1(hh) of the Plan, is hereby deleted in its entirety and replaced with the following: 

(hh) “Retirement” means, (i) for Awards granted prior to February 9, 2012, termination of a Participant’s employment
or service on or after the Participant attains age 55 with 10 years of credited service with the Company and its Subsidiaries and (ii) for Awards granted on or after February 9, 2012, termination of a Participant’s employment or
service on or after the Participant attains age 65 with 5 years of credited service with the Company and its Subsidiaries. For this purpose, “credited service” means credited service as an employee or service as a director of the Company
as determined and measured by the Company for service credit purposes. 
  

	 	3.	Section 4.6 is hereby added to the Plan, as follows: 

 Section 4.6 Clawback.
Notwithstanding anything in this Plan to the contrary, every Award to a Participant is expressly subject to the provisions in this Section 4.6, unless otherwise expressly provided in any Award Agreement. The Company may enforce any forfeiture
determined 

 
by the Committee to be appropriate under this Section 4.6 by all legal means available, including, without limitation, by withholding the value of the amount required to be returned to the
Company and forfeited hereunder from other sums owed by the Company to the Participant. 
 (a) In the case of, and to the extent that, an
Award will vest or be earned subject to the attainment of Performance Goals or targets, including, without limitation, Annual Incentive Awards and Long-Term Incentive Awards, in the event and to the extent that the Committee determines within three
years of the date on which the Committee confirms or otherwise finally determines satisfaction of the applicable Performance Goals or targets (or such later date as determined by the Committee and set forth in the Award Agreement or otherwise
specified by the Committee) that the performance certified by the Committee, on the basis of which such Award vested or was determined to be earned, was based on materially inaccurate financial statements or other performance measure information,
then following the Committee’s review of the facts and circumstances underlying such event, a Participant shall return to the Company and forfeit, to the extent permitted by applicable law, that portion (which may be all) of his or her Award
(including any Dividend Equivalents or other amounts credited thereon) or Common Stock, cash, or other equity-based or equity-related Award(s) distributed in respect of a vested or earned Award, or the value thereof (regardless of whether vesting or
satisfaction of other conditions to the Award has occurred and Common Stock, cash, or other equity-based or equity-related Award(s) or any combination thereof have been distributed) that the Committee, in its discretion, determines to be
appropriate. 
 (b) If, following the termination of a Participant’s employment with the Company for any reason, including, without
limitation, due to death, Disability, Early Retirement or Retirement, the Company becomes aware 

 
that (i) during such Participant’s employment with the Company such Participant engaged in any activity that would have been grounds to terminate his or her employment or service with
the Company for Cause, as reasonably determined by the Committee, or (ii) following such Participant’s employment with the Company, such Participant has breached any written covenant or agreement with the Company or any Subsidiary, as
reasonably determined by the Committee, not to disclose or misuse any information pertaining to, or misuse any property of, the Company or any Subsidiary or not to compete or interfere with the Company, or not to solicit employees, agents, customers
or clients of the Company, then upon written demand by the Company, the Participant shall return to the Company and forfeit, to the extent permitted by applicable law, that portion (which may be all) of his or her Award(s) (including any Dividend
Equivalents or other amounts credited thereon) or Common Stock, cash, or other equity-based or equity-related Award(s) or any combination thereof distributed in respect of vested or earned Award(s), or the value thereof (regardless of whether
vesting or satisfaction of other conditions to the Award has occurred and Common Stock, cash, or other equity-based or equity-related Award(s) or any combination thereof distributed) that the Committee, in its discretion, determines to be
appropriate. 
 (c) Awards (including Dividend Equivalents or other amounts credited thereon) or Common Stock, cash, or other equity-based
or equity-related Awards distributed in respect of vested or earned Awards, or the value thereof shall also be subject to forfeiture to the extent required by applicable law (regardless of whether vesting or satisfaction of other conditions to the
Award has occurred and Common Stock, cash, or other equity-based or equity-related Award(s) or any combination thereof distributed). Further, if the Company is required by applicable law, rule or regulation to include or adopt any additional
“clawback” or “forfeiture” 

 
provision relating to outstanding and/or vested or earned Awards or any future Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then each Participant
agrees that such clawback or forfeiture provision shall also apply to any applicable Award made under this Plan as if such provision had been included in this Plan and such Award. 

 

	 	4.	Section 6.6 of the Plan is hereby deleted in its entirety and replaced with the following: 

6.6 Termination of Employment or Service Due to Disability, Early Retirement or Retirement. Unless otherwise determined by the
Committee at the time of grant, (i) for Options granted prior to February 9, 2012, if a Participant ceases to be employed or service is terminated by the Company or any Subsidiary by reason of Disability or Retirement or (ii) for
Options granted on or after February 9, 2012, if a Participant ceases to be employed or service is terminated by the Company or any Subsidiary by reason of Disability, Early Retirement or Retirement, any such Options granted to such Participant
shall continue to become exercisable in accordance with Section 6.3 notwithstanding such Participant’s termination of employment or service and may be exercised by the Participant or the Participant’s designated beneficiary, and if
none is named, in accordance with Section 13.2, at any time during the remaining term of such Option or three (3) years (or such shorter period as the Committee shall determine at the time of grant) following the Participant’s
termination of employment or service, whichever period is shorter. 
  

	 	5.	Section 8.6 of the Plan is hereby deleted in its entirety and replaced with the following: 

Section 8.6 Death, Disability, Early Retirement or Retirement. Unless the Committee shall otherwise determine at the date of grant
or otherwise: 
 (i) Subject to Section 8.6(iv) below, (a) for Restricted Stock and Restricted Stock Units granted
prior to February 9, 2012, if a Participant 

 
ceases to be employed or service is terminated by the Company or any Subsidiary by reason of death, Disability or Retirement or (b) for Restricted Stock and Restricted Stock Units granted on
or after February 9, 2012, if a Participant ceases to be employed or service is terminated by the Company or any Subsidiary by reason of death or Disability, the Restricted Period will lapse as to a prorated portion of the shares of Restricted
Stock and Restricted Stock Units transferred or issued to such Participant under the Plan based on the number of days the Participant actually worked since the date the shares of Restricted Stock or Restricted Stock Units were granted (or in the
case of an Award which becomes vested in installments, since the date, if any, on which the last installment of such Restricted Stock or Restricted Stock Units became vested); 

(ii) Subject to Section 8.6(iv) below, for Restricted Stock and Restricted Stock Units granted on or after
February 9, 2012, if a Participant ceases to be employed or service is terminated by the Company or any Subsidiary by reason of Retirement, with respect to the shares of Restricted Stock or Restricted Stock Units transferred or issued to such
Participant under the Plan the Restricted Period shall continue to lapse and the shares will continue to vest in accordance with vesting schedule set forth in the Award Agreement or otherwise specified by the Committee; 

(iii) Subject to Section 8.6(iv) below, for Restricted Stock and Restricted Stock Units granted on or after
February 9, 2012, if a Participant ceases to be employed or service is terminated by the Company or any Subsidiary by reason of Early Retirement, the Restricted Period shall continue to lapse and the shares will continue to vest in accordance
with vesting schedule set forth in the Award Agreement or as otherwise specified by the Committee as to a prorated portion of the shares of Restricted Stock and Restricted Stock Units transferred or issued to such Participant under the Plan based on
the number of days the 

 
Participant actually worked since the date the shares of Restricted Stock or Restricted Stock Units were granted (or in the case of an Award which becomes vested in installments, since the date,
if any, on which the last installment of such Restricted Stock or Restricted Stock Units became vested); provided that, in the case of an Award which becomes vested in installments, the portion of such prorated Restricted Stock or
Restricted Stock Units Award that will vest on each installment date shall be equal to the total number of prorated shares that are subject to continued vesting in accordance with this Section 8.6(iii) divided by the number of remaining
installments of the Award; 
 (iv) For purposes of Sections 8.6(i) through 8.6(iii) above, in the case of any Award that
involves Restricted Stock or Restricted Stock Units (whether as the primary or underlying Award) with respect to which the restrictions will lapse, if at all, based on the attainment of Performance Goals or targets, any vesting and lapse of the
Restricted Period for such shares shall be deferred until the end of the applicable performance period and shall be in accordance with the terms and conditions approved by the Committee and set forth in the Award Agreement or otherwise specified by
the Committee. 
 (v) Subject to Sections 8.6(i) through 8.6(iv) above, except as otherwise expressly determined by the
Committee or provided in an Award Agreement, any shares of Restricted Stock or Restricted Stock Units as to which the Restricted Period has not lapsed or which do not become vested at the date of a Participant’s termination of employment shall
automatically be cancelled upon such Participant’s termination of employment. 
  

	 	6.	Section 9.1 of the Plan is hereby deleted in its entirety and replaced with the following: 

9.1 Annual Incentive Awards. Unless determined otherwise by the Committee at or after the date of grant, Annual Incentive Awards shall
be 

 
payable in cash. Unless otherwise determined by the Committee at the time of grant, (i) for Annual Incentive Awards granted prior to February 9, 2012, if a Participant terminates
employment with the Company or any Subsidiary due to death, Disability or Retirement or (ii) for Annual Incentive Awards granted on or after February 9, 2012, if a Participant terminates employment with the Company or any Subsidiary due to
death, Disability, Early Retirement or Retirement, in either case before the end of a Performance Cycle, or after the end of such Performance Cycle but before payment of the Annual Incentive Award is authorized by the Committee, such Participant or
the Participant’s designated beneficiary, and if none is named, in accordance with Section 13.2, shall, unless determined otherwise by the Committee at the date of grant, be eligible to receive a prorated Annual Incentive Award based on
the actual achievement of the Performance Goals for such Performance Cycle, in each case such proration to be in accordance with the terms and conditions approved by the Committee and set forth in the Award Agreement or otherwise determined by the
Committee. Unless determined otherwise by the Committee at or, in the case of any Participant who is not an Executive Officer, after the date of grant, if a Participant terminates employment before payment of an Annual Incentive Award is authorized
by the Committee for any reason other than as set forth in Section 9.1(i) or 9.1(ii) above, the Participant shall forfeit all rights to such Annual Incentive Award. 
  

	 	7.	Section 9.2 of the Plan is hereby deleted in its entirety and replaced with the following: 

9.2 Long-Term Incentive Awards. As determined by the Committee at or after the date of grant, Long-Term Incentive Awards may be payable
in equity-based or equity-related Awards, cash or any combination thereof. Unless otherwise determined by the Committee at the time of grant, (i) for Long-Term Incentive Awards granted prior to February 9, 2012, if a Participant terminates
employment with the Company or any Subsidiary 

 
due to death, Disability or Retirement or (ii) for Long-Term Incentive Awards granted on or after February 9, 2012, if a Participant terminates employment with the Company or any
Subsidiary due to death, Disability, Early Retirement or Retirement, in either case before the end of a Performance Cycle, or after the end of such Performance Cycle but before payment of the Long-Term Incentive Award is authorized by the Committee,
such Participant or the Participant’s designated beneficiary, and if none is named, in accordance with Section 13.2, shall, unless determined otherwise by the Committee at the date of grant, be eligible to receive a prorated Long-Term
Incentive Award based on the actual achievement of the Performance Goals for such Performance Cycle, in each case such proration to be in accordance with the terms and conditions approved by the Committee and set forth in the Award Agreement or
otherwise determined by the Committee. Unless determined otherwise by the Committee at or, in the case of any Participant who is not an Executive Officer, after the date of grant, if a Participant terminates employment before payment of an Long-Term
Incentive Award is authorized by the Committee for any reason other than as set forth in Section 9.2(i) or 9.2(ii) above, the Participant shall forfeit all rights to such Long-Term Incentive Award. 

Except as amended above, the Plan shall remain in full force and effect.EX-10.29

 Exhibit 10.29 

AMENDMENT NO. 3 
 TO

 AMENDED AND RESTATED CREDIT AGREEMENT 

AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 4, 2013 (this “Amendment”) to the Amended
and Restated Credit Agreement, dated as of September 10, 2012, among Virtus Investment Partners, Inc. (the “Borrower”), the Lenders party thereto, PNC Bank, National Association, as Syndication Agent, and The Bank of New York
Mellon, as Administrative Agent (in such capacity, the “Agent”), the Swingline Lender, and as Issuing Bank, as amended by Amendment No. 1, dated as of July 2, 2013 and Amendment No. 2, dated as of September 18,
2013 (as the same may be further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

RECITALS 
 I. Capitalized
terms used herein and not herein defined shall have the meanings set forth in the Credit Agreement. 
 II. The Borrower desires to amend the
Credit Agreement upon the terms and conditions herein contained, and the Agent and Required Lenders have agreed thereto upon the terms and conditions herein contained. 

Accordingly, in consideration of the Recitals and the covenants, conditions and agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Paragraph
(h) of the definition of “Permitted Encumbrances” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(h) (1) Liens on Margin Stock to the extent that a prohibition on such Liens would violate Regulation U and (2) Liens in
favor of a Securities Intermediary (x) on securities held in a Securities Account (as defined in the Security Agreement) representing investments permitted by Section 7.4(i)(v), having a fair market value not in excess of
$10,000,000 at any one time outstanding and (y) securing only the liabilities of the Loan Parties for call options written by the Loan Parties in respect of such securities. 

2. Section 6.13(a) of the Credit Agreement is hereby amended to insert at the end of such Section the following sentence: 

Notwithstanding anything to the contrary in this paragraph (a) or in paragraph (b) of this Section, neither the
Borrower nor any Subsidiary Guarantor shall be obligated to hold any investment made by the Borrower or such Subsidiary Guarantor, as the case may be, pursuant to Section 7.4(i)(v) in a Blocked Account (as defined in the Security
Agreement). 

 3. Paragraphs 1 and 2 of this Amendment shall not be effective unless and until the following
conditions precedent shall have been satisfied (the “Amendment Effective Date”): 
 (a) the Agent (or its
counsel) shall have received from the Borrower, each Subsidiary Guarantor and Required Lenders either (i) a counterpart of this Amendment signed on behalf of each such Person, or (ii) written evidence satisfactory to the Agent (which may
include facsimile or e-mail transmission of a signed signature page of this Amendment) that each such Person has signed a counterpart of this Amendment; 

(b) the Borrower, each Subsidiary Guarantor and the Agent shall have entered into an amendment, in the form of
Exhibit A, to the Security Agreement (the “Security Amendment”); and 
 (c) the Agent shall
have received all fees and other amounts due and payable by the Borrower on or prior to the Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including attorneys’ fees). 

4. The Borrower and each Subsidiary Guarantor hereby (a) reaffirms and admits the validity and enforceability of each Loan Document to
which it is a party and all of its obligations thereunder and agrees and admits that (i) it has no defense to any such obligation, (ii) it shall not exercise any setoff or offset to any such obligation, and (iii) to its knowledge, it
does not have any claim against any Credit Party arising out of the transactions contemplated by the Loan Documents, and (b) represents and warrants that (i) no Default or Event of Default has occurred and is continuing and (ii) all
of the representations and warranties made by it in the Loan Documents are true and correct in all material respects, both immediately before and after giving effect to this Amendment. 

5. By signing below, (a) each Subsidiary Guarantor consents to this Amendment, and (b) Required Lenders hereby authorize and direct
the Agent to execute and deliver the Security Amendment. 
 6. This Amendment may be executed in any number of counterparts, each of which
shall be an original and all of which shall constitute one agreement. It shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart signed by the party to be charged. 

7. The Credit Agreement and the other Loan Documents shall in all other respects remain in full force and effect, and no amendment herein in
respect of any term or condition of any Loan Document shall be deemed to be an amendment or other modification in respect of any other term or condition of any Loan Document. 

8. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to conflict of
laws principles that would require the application of the laws of another jurisdiction. 
 [Remainder of page intentionally left blank.] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to Amended and
Restated Credit Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	VIRTUS INVESTMENT PARTNERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	 Executive Vice President
 & Chief
Financial Officer

	
	 THE BANK OF NEW YORK MELLON,

individually, as Swingline Lender, Issuing Bank and as the Administrative Agent

		
	By:	 	 /s/ Richard G. Shaw

	Name:	 	Richard G. Shaw
	Title:	 	Vice President
	
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Alaa Shraim

	Name:	 	Alaa Shraim
	Title:	 	Vice President
	
	CITBANK, N.A.
		
	By:	 	 /s/ Dane Graham

	Name:	 	Dane Graham
	Title:	 	Director
	
	ROYAL BANK OF CANADA
		
	By:	 	 /s/ Greg DeRise

	Name:	 	Greg DeRise
	Title:	 	Authorized Signer

 Virtus Investment Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement 

			
	Each of the Subsidiary Guarantors,
by signing below, hereby
acknowledges and agrees to the
Amendment:
	
	DUFF & PHELPS INVESTMENT MANAGEMENT CO.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Treasurer
	
	EUCLID ADVISORS LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Treasurer
	
	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Senior Vice President & Chief Financial Officer
	
	RUTHERFORD FINANCIAL CORPORATION
		
	By:	 	 /s/ David Hanley

	Name:	 	David Hanley
	Title:	 	Vice President & Treasurer
	
	NEWFLEET ASSET MANAGEMENT LLC (f/k/a SCM ADVISORS LLC)
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Senior Vice President & Chief Financial Officer

  
 Virtus Investment
Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement 

			
	VIRTUS INVESTMENT ADVISERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	VIRTUS PARTNERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President, Chief Financial Officer
	
	ZWEIG ADVISERS, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	RAMPART INVESTMENT MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	VIRTUS FUND SERVICES, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President and Treasurer

  
 Virtus Investment
Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement 

 EXHIBIT A 

Amendment No. 2 to Security Agreement 

See attached. 
  

 

  
 Virtus Investment
Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement

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