Document:

ex10_1.htm

Exhibit 10.1

 

ASSUMPTION AND GENERAL AMENDMENT OF COMPANY PLANS

 

This Assumption and General Amendment of Company Plans (this “Assumption Agreement”) is made and entered into as of this 1st day of July, 2011, by and among Interactive Intelligence, Inc., an Indiana corporation (“Interactive Intelligence”) and Interactive Intelligence Group, Inc., an Indiana corporation (“ININ Group”).

RECITALS

WHEREAS, Interactive Intelligence, ININ Group and ININ Corp., an Indiana corporation, are parties to that certain Agreement and Plan of Reorganization, dated as of April 11, 2011 (the “Reorganization Agreement”), pursuant to which ININ Group will become the ultimate parent of Interactive Intelligence through the merger of ININ Corp. with and into Interactive Intelligence (the “Merger”);

WHEREAS, Interactive Intelligence will be the surviving corporation in the Merger and will become a wholly-owned direct subsidiary of ININ Group, upon the terms and subject to the conditions set forth in the Reorganization Agreement, pursuant to which each issued and outstanding share of common stock, par value $0.01 per share, of Interactive Intelligence (“Interactive Intelligence Common Stock”) shall be converted into one share of common stock, par value $0.01 per share of ININ Group (“ININ Group Common Stock”);

 WHEREAS, Interactive Intelligence currently maintains and sponsors the (i) Interactive Intelligence, Inc. 2006 Equity Incentive Plan, as amended, (ii) Amended 1999 Stock Option and Incentive Plan, (iii) Amended Outside Directors Stock Option Plan, and (iv) Amended Interactive Intelligence, Inc. Employee Stock Purchase Plan (collectively, the “Company Plans”);

 

WHEREAS, the Reorganization Agreement provides that, at the effective time of the Merger (the “Effective Time”), (i) ININ Group shall assume and agree to perform all obligations of Interactive Intelligence under the Company Plans, each stock option, restricted stock unit and other agreement entered into pursuant to the Company Plans and each outstanding award granted under the Company Plans, (ii) all unexercised and unexpired options to purchase Interactive Intelligence Common Stock or restricted stock units then outstanding or other rights to acquire Interactive Intelligence Common Stock under the Company Plans, whether or not then exercisable, shall be assumed by ININ Group, and (iii) each award assumed by ININ Group shall continue to have, and be subject to, the same terms and conditions set forth in the applicable Company Plan and any agreements thereunder immediately prior to the Effective Time (including, without limitation, the vesting schedule (without acceleration thereof by virtue of the Merger and the transactions contemplated thereby) and per share exercise price), except that each award will be exercisable (or will become exercisable in accordance with its terms) for, or shall be denominated with reference to, that number of shares of ININ Group Common Stock equal to the number of shares of Interactive Intelligence Common Stock that were subject to such award immediately prior to the Effective Time;

 

WHEREAS, all stock options, restricted stock units or other awards issued or rights under the Company Plans after the Effective Time shall entitle the holder thereof to purchase or receive ININ Group Common Stock in accordance with the terms of the Company Plans; and

 

WHEREAS, the approval of the Merger by the shareholders of Interactive Intelligence also constituted such shareholders’ approval of this Assumption Agreement.

 

NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

1.           Interactive Intelligence hereby assigns, transfers, conveys and sets over unto ININ Group all of Interactive Intelligence’s rights, title, interests as well as duties, obligations, and responsibilities under the Company Plans and any and all applicable stock option, restricted stock unit or other agreements related thereto and awards granted thereunder.

 

2.           ININ Group, as the successor to Interactive Intelligence, hereby accepts and assumes all of Interactive Intelligence’s rights, title, interests, duties, obligations, responsibilities and liabilities under the Company Plans and any applicable stock option, restricted stock unit or other agreement related thereto or award granted thereunder to the same extent as though it had originally been named a party thereto and from the respective dates that such Company Plans were originally entered into and agrees to observe, perform and fulfill all of the terms and conditions of the Company Plans and any applicable stock option, restricted stock unit or other agreement related thereto and award granted thereunder to the same extent as if it had been originally named as a party thereto.

 

 3.           Interactive Intelligence and ININ Group hereby agree that each reference to “Interactive Intelligence, Inc.” in any Company Plan and any applicable stock option, restricted stock unit and other agreement related thereto is hereby deleted and “Interactive Intelligence Group, Inc.” is hereby substituted in place of such deleted reference, and each direct or indirect reference to Interactive Intelligence Common Stock in any Company Plan and any applicable stock option, restricted stock unit and other agreement related thereto is hereby deleted and ININ Group Common Stock is hereby substituted in place of such deleted reference.

 

4.           As amended hereby, each affected Company Plan and each applicable stock option, restricted stock unit and other agreement related thereto is specifically ratified and reaffirmed.

 

5.           This Assumption Agreement shall be binding upon, and inure to the benefit of, the respective successors and assigns of the parties hereto.

 

 

[Signature page follows.]

 

  

  

  

  

IN WITNESS WHEREOF, each of the parties has executed this Assumption Agreement, by its duly authorized officer, as of the day and year first above written.

 

INTERACTIVE INTELLIGENCE, INC.

 

	
By:

	

/s/ Stephen R. Head

	Name:	
Stephen R. Head

	Its:	
Chief Financial Officer, Senior Vice President of Finance and Administration, Secretary and Treasurer 

 

INTERACTIVE INTELLIGENCE GROUP, INC.

 

	
By:

	

/s/ Stephen R. Head

	Name:	
Stephen R. Head

	Its:	
Chief Financial Officer, Senior Vice President of Finance and Administration, Secretary and Treasurerex10_2.htm

Exhibit 10.2

 

ASSUMPTION OF NON-EMPLOYEE DIRECTOR

 

CHANGE OF CONTROL AGREEMENTS

 

This Assumption of Non-Employee Director Change of Control Agreements (this “Assumption Agreement”) is made and entered into as of this 1st day of July, 2011, by and among Interactive Intelligence, Inc., an Indiana corporation (“Interactive Intelligence”) and Interactive Intelligence Group, Inc., an Indiana corporation (“ININ Group”).

RECITALS

WHEREAS, Interactive Intelligence, ININ Group and ININ Corp., an Indiana corporation, are parties to that certain Agreement and Plan of Reorganization, dated as of April 11, 2011 (the “Reorganization Agreement”), pursuant to which ININ Group will become the ultimate parent of Interactive Intelligence through the merger of ININ Corp. with and into Interactive Intelligence (the “Merger”);

WHEREAS, Interactive Intelligence will be the surviving corporation in the Merger and will become a wholly-owned direct subsidiary of ININ Group, upon the terms and subject to the conditions set forth in the Reorganization Agreement, pursuant to which each issued and outstanding share of common stock of Interactive Intelligence shall be converted into one share of common stock of ININ Group;

WHEREAS, Interactive Intelligence is party to those certain Non-Employee Director Change of Control Agreements set forth on Exhibit A attached hereto (the “Director Agreements”); and

WHEREAS, in connection with the transactions contemplated by the Reorganization Agreement, pursuant to Section 3 of the Director Agreements, Interactive Intelligence desires to transfer, assign and set over to ININ Group, and ININ Group, as the successor to Interactive Intelligence, desires to accept from Interactive Intelligence, all of Interactive Intelligence’s rights, title and interest in, to and under the Director Agreements, effective contemporaneously with the closing of the transactions contemplated by the Reorganization Agreement (the “Effective Date”).

NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

1.           Assignment.  Interactive Intelligence hereby assigns, transfers, conveys and sets over unto ININ Group and its successors and permitted assigns, forever, all of Interactive Intelligence’s rights, title and interest in, to and under the Director Agreements, and ININ Group hereby accepts from Interactive Intelligence, all of Interactive Intelligence’s rights, title and interest in, to and under the Director Agreements.

2.           Assumption.  Pursuant to Section 3 of the Director Agreements, ININ Group, as the successor to Interactive Intelligence and for itself and its successors and assigns, hereby assumes all of Interactive Intelligence’s duties, obligations, responsibilities and liabilities under the Director Agreements and agrees to discharge and perform any and all of the obligations, terms, covenants and agreements of Interactive Intelligence under the Director Agreements.

3.           Interactive Intelligence’s Representations, Warranties and Covenants.

(a) Interactive Intelligence hereby represents that it is fully authorized to enter into this Assumption Agreement.

 

(b) Interactive Intelligence agrees to execute and deliver unto ININ Group all such further documentation and instruments of any nature as may be necessary or desirable to fully effect and record the assignment and transfer of the rights and obligations under the Director Agreements.

 

4.           ININ Group’s Representations, Warranties and Covenants.

 

(a) ININ Group hereby represents that it is fully authorized to enter into this Assumption Agreement.

 

(b) ININ Group agrees to perform and be bound by all terms, covenants and conditions of the Director Agreements.

 

5.           Interactive Intelligence and ININ Group hereby ratify and confirm the Director Agreements in all respects.

 

[SIGNATURES ON NEXT PAGE;

REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

  

  

  

IN WITNESS WHEREOF, each of the parties has executed this Assumption Agreement, by its duly authorized officer, as of the day and year first above written.

 

INTERACTIVE INTELLIGENCE, INC.

 

	
By:

	

/s/ Stephen R. Head

	Name:	
Stephen R. Head

	Its:	
Chief Financial Officer, Senior Vice President of Finance and Administration, Secretary and Treasurer 

 

INTERACTIVE INTELLIGENCE GROUP, INC.

 

	
By:

	

/s/ Stephen R. Head

	Name:	
Stephen R. Head

	Its:	
Chief Financial Officer, Senior Vice President of Finance and Administration, Secretary and Treasurer 

 

  

  

  

EXHIBIT A

Non-Employee Director Change of Control Agreements

Non-Employee Director Change of Control Agreement, dated as of June 7, 2007, by and between Interactive Intelligence, Inc. and Edward L. Hamburg, Ph.D.

Non-Employee Director Change of Control Agreement, dated as of June 7, 2007, by and between Interactive Intelligence, Inc. and Mark E. Hill

Non-Employee Director Change of Control Agreement, dated as of June 7, 2007, by and between Interactive Intelligence, Inc. and Richard A. Reck

Non-Employee Director Change of Control Agreement, dated as of May 29, 2008, by and between Interactive Intelligence, Inc. and Michael C. Heim

Non-Employee Director Change of Control Agreement, dated as of March 29, 2010, by and between Interactive Intelligence, Inc. and Richard G. Halperin

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