Document:

Exhibit 10.3

Exhibit 10.3

EXECUTION COPY

FIRST AMENDMENT TO

AMENDED AND RESTATED PERFORMANCE UNDERTAKING

THIS FIRST AMENDMENT TO AMENDED AND RESTATED PERFORMANCE UNDERTAKING, dated as of April 28,
2011 (this “Amendment”) is executed by AMERISOURCEBERGEN CORPORATION, a Delaware
corporation (the “Performance Guarantor”).

R E C I T A L S

A. The Performance Guarantor executed in favor of Amerisource Receivables Financial
Corporation that certain Amended and Restated Performance Undertaking Agreement, dated as of
December 2, 2004 (as amended, restated, supplemented or otherwise modified from time to time, the
“Undertaking”).

B. The Performance Guarantor desire to enter into this Amendment to amend the

Undertaking.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Performance Guarantor:

1. Certain Defined Terms. Capitalized terms used but not defined herein shall have
the meanings set forth for such terms in the Undertaking, including by reference therein.

2. Amendment to the Undertaking. The Undertaking is hereby amended as follows:

2.1 Section 6(g) of the Undertaking is amended by deleting the clause “covenants set
forth in Sections 6.11 and 6.12 of the Credit Agreement as in effect on the date hereof” and
substituting “covenant set forth in Section 6.11 of the Credit Agreement as in effect on March 18,
2011” therefor.

3. Representations and Warranties. The Performance Guarantor represents and warrants
that:

(a) Representations and Warranties. Each representation and warranty made by
it in the Undertaking, as amended by this Amendment, and in the other Transaction Documents
are true and correct as of the date hereof (unless stated to relate solely to an earlier
date, in which case such representations and warranties were true as of such earlier date).

(b) Enforceability. The execution and delivery by it of this Amendment, and
the performance of its obligations under this Amendment and the Undertaking (as amended
hereby) are within its corporate powers and have been duly authorized by all necessary
corporate action on its part. Each of this Amendment and the Undertaking (as amended
hereby) is its valid and legally binding obligations, enforceable in accordance with its
respective terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of
creditors’ rights generally and by general principles of equity, regardless of whether such
enforceability is considered in a proceeding in equity or at law.

 

 

 

4. Effect of Amendment. All provisions of the Undertaking, as expressly amended and
modified by this Amendment, shall remain in full force and effect. After this Amendment becomes
effective, all references in the Undertaking to “this Undertaking”, “hereof”, “herein”, or words of
similar effect referring to the Undertaking shall be deemed to be references to the Undertaking, as
amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly waive,
amend or supplement any provision of the Undertaking (or any related document or agreement) other
than as set forth herein.

5. Effectiveness. This Amendment shall become effective on the date hereof (the
“Effective Date”) subject to the condition precedent each Purchaser Agent shall have
received, on or before the Effective Date, each of the following, each in form and substance
satisfactory to each Purchaser Agent:

(a) counterparts of this Amendment, duly executed by the parties hereto; and

(b) such other documents and instruments as a Purchaser may reasonably request.

6. Counterparts. This Amendment may be executed in any number of counterparts and by
different parties on separate counterparts, and each counterpart shall be deemed to be an original,
and all such counterparts shall together constitute but one and the same instrument. Counterparts
of this Amendment may be delivered by facsimile transmission or other electronic transmission, and
such counterparts shall be as effective as if original counterparts had been physically delivered,
and thereafter shall be binding on the parties hereto and their respective successors and assigns.

7. GOVERNING LAW. THIS UNDERTAKING SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL
LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

8. Section Headings. The various headings of this Amendment are inserted for
convenience only and shall not affect the meaning or interpretation of this Amendment or any other
Transaction Document or any provision hereof or thereof.

[signature pages on next page]

 

2

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written.

	 	 	 	 	 
	 	AMERISOURCEBERGEN CORPORATION

 	 
	 	By:  	/s/ J.F. Quinn
 	 
	 	 	Name:  	J.F. Quinn 	 
	 	 	Title:  	Vice President & Treasurer 	 
	 

	 	 	 	 	 	 	 
	Acknowledged and Agreed to:	 	 
	 
	 	 	 	 	 	 
	AMERISOURCE RECEIVABLES	 	 
	FINANCIAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ J.F. Quinn	 	 
	 	 	 	 	 
	 

	 	Name:
	 	J.F. Quinn	 	 
	 

	 	Title:
	 	Vice President & Corporate Treasurer	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-1

 

	 	 	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION,

as Administrator and as Purchaser Agent for the

Bank of America Purchaser Group	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Nina Austin	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Nina Austin	 	 
	 

	 	Title:
	 	Vice President	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-2

 

	 	 	 	 	 	 	 
	THE BANK OF NOVA SCOTIA,

as Purchaser Agent for the Liberty Street

Funding LLC Purchaser Group	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ J. Frazell	 	 
	 	 	 	 	 
	 

	 	Name:
	 	John Frazell	 	 
	 

	 	Title:
	 	Director	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-3

 

	 	 	 	 	 	 	 
	PNC BANK, NATIONAL ASSOCIATION,

as Purchaser Agent for the Market Street

Funding LLC Purchaser Group	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/William P. Falcon	 	 
	 	 	 	 	 
	 

	 	Name:
	 	William P. Falcon	 	 
	 

	 	Title:
	 	Vice President	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-4

 

	 	 	 	 	 	 	 
	WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Purchaser Agent for the

Wells Fargo Bank, National Association

Purchaser Group	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Elizabeth R. Wagner	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Elizabeth R. Wagner	 	 
	 

	 	Title:
	 	Vice President	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-5

 

	 	 	 	 	 	 	 
	THE BANK OF TOKYO-MITSUBISHI UFJ,
LTD., NEW YORK BRANCH, as Purchaser
Agent for the Victory Receivables Corporation
Purchaser Group	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Aditya Reddy	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Aditya Reddy	 	 
	 

	 	Title:
	 	Managing Director	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-6

 

	 	 	 	 	 	 	 
	MIZUHO CORPORATE BANK, LTD.,

as Purchaser Agent for the Working Capital

Management Co., LP Purchaser Group	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Bertram H. Tang	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Bertram Tang	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 

FIRST AMENDMENT TO PERFORMANCE

UNDERTAKING

 

S-7exv4w7

    Exhibit 4.7

    

 

    IMATION CORP.

    

    2011 STOCK
    INCENTIVE PLAN

 

    Section 1.  Purpose.

 

    The purpose of the Plan is to promote the interests of the
    Company and its stockholders by aiding the Company in attracting
    and retaining employees, officers, consultants, independent
    contractors, advisors and non-employee Directors capable of
    assuring the future success of the Company, to offer such
    persons incentives to put forth maximum efforts for the success
    of the Company’s business and to compensate such persons
    through various stock-based arrangements and provide them with
    opportunities for stock ownership in the Company, thereby
    aligning the interests of such persons with the Company’s
    stockholders.

 

    Section 2.  Definitions.

 

    As used in the Plan, the following terms shall have the meanings
    set forth below:

 

    (a) “Affiliate” shall mean (i) any
    entity that, directly or indirectly through one or more
    intermediaries, is controlled by the Company and (ii) any
    entity in which the Company has a significant equity interest,
    in each case as determined by the Committee.

 

    (b) “Award” shall mean any Option, Stock
    Appreciation Right, Restricted Stock, Restricted Stock Unit,
    Dividend Equivalent, Performance Award, Stock Award or Other
    Stock-Based Award granted under the Plan.

 

    (c) “Award Agreement” shall mean any
    written agreement, contract or other instrument or document
    evidencing an Award granted under the Plan. An Award Agreement
    may be in an electronic medium and need not be signed by a
    representative of the Company or the Participant. Each Award
    Agreement shall be subject to the applicable terms and
    conditions of the Plan and any other terms and conditions (not
    inconsistent with the Plan) determined by the Committee.

 

    (d) “Board” shall mean the Board of
    Directors of the Company.

 

    (e) “Change in Control” shall have the
    meaning ascribed to such term in an Award Agreement, or any
    other applicable employment, severance or change in control
    agreement between the Participant and the Company; provided,
    however, that no Award shall contain a definition of Change in
    Control that has the effect of accelerating the exercisability
    of any Award or the lapse of restrictions relating to any Award
    upon (i) the commencement of a tender offer, (ii) the
    announcement or shareholder approval of (rather than
    consummation of) any reorganization, merger or consolidation of,
    or sale or other disposition of all or substantially all of the
    assets of, the Company or (iii) the acquisition of less
    than twenty percent (20%) of the Company’s then outstanding
    shares of Common Stock or the combined voting power of the
    Company’s then outstanding voting securities.

 

    (f) “Code” shall mean the Internal Revenue
    Code of 1986, as amended from time to time, and any regulations
    promulgated thereunder.

 

    (g) “Committee” shall mean the
    Compensation Committee of the Board or any successor committee
    of the Board designated by the Board to administer the Plan. The
    Committee shall be comprised of not less than such number of
    Directors as shall be required to permit Awards granted under
    the Plan to qualify under
    Rule 16b-3,
    and each member of the Committee shall be a “Non-Employee
    Director” within the meaning of
    Rule 16b-3
    and an “outside director” within the meaning of
    Section 162(m). The Company expects to have the Plan
    administered in accordance with the requirements for the award
    of “qualified performance-based compensation” within
    the meaning of Section 162(m).

    

 

    (h) “Company” shall mean Imation Corp., a
    Delaware corporation, or any successor corporation.

 

    (i) “Director” shall mean a member of the
    Board.

 

    (j) “Dividend Equivalent” shall mean any
    right granted under Section 6(d) of the Plan.

 

    (k) “Eligible Person” shall mean any
    employee, officer, consultant, independent contractor, advisor
    or non-employee Director providing services to the Company or
    any Affiliate whom the Committee determines to be an Eligible
    Person. An Eligible Person must be a natural person.

 

    (l) “Exchange Act” shall mean the
    Securities Exchange Act of 1934, as amended.

 

    (m) “Fair Market Value” shall mean, with
    respect to any property (including, without limitation, any
    Shares or other securities), the fair market value of such
    property determined by such methods or procedures as shall be
    established from time to time by the Committee. Notwithstanding
    the foregoing, unless otherwise determined by the Committee, the
    Fair Market Value of Shares on a given date for purposes of the
    Plan shall be the closing sale price of the Shares on the New
    York Stock Exchange as reported in the consolidated transaction
    reporting system on such date or, if such Exchange is not open
    for trading on such date, on the most recent preceding date when
    such Exchange is open for trading.

 

    (n) “Incentive Stock Option” shall mean an
    option granted under Section 6(a) of the Plan that is
    intended to meet the requirements of Section 422 of the
    Code or any successor provision.

 

    (o) “Non-Qualified Stock Option” shall
    mean an option granted under Section 6(a) of the Plan that
    is not intended to be an Incentive Stock Option.

 

    (p) “Option” shall mean an Incentive Stock
    Option or a Non-Qualified Stock Option.

 

    (q) “Other Stock-Based Award” shall mean
    any right granted under Section 6(g) of the Plan.

 

    (r) “Participant” shall mean an Eligible
    Person designated to be granted an Award under the Plan.

 

    (s) “Performance Award” shall mean any
    right granted under Section 6(e) of the Plan.

 

    (t) “Performance Goal” shall mean one or
    more of the following performance goals, either individually,
    alternatively or in any combination, applied on a corporate,
    subsidiary, division, business unit or line of business basis:
    sales, revenue, costs, expenses, earnings (including one or more
    of net profit after tax, gross profit, operating profit,
    earnings before interest and taxes, earnings before interest,
    taxes, depreciation and amortization and net earnings), earnings
    per share, earnings per share from continuing operations,
    operating income, pre-tax income, operating income margin, net
    income, margins (including one or more of gross, operating and
    net income margins), returns (including one or more of return on
    actual or proforma assets, net assets, equity, investment,
    capital and net capital employed), stockholder return (including
    total stockholder return relative to an index or peer group),
    stock price, market capitalization, economic value added, cash
    generation, cash flow, unit volume, working capital, market
    share, cost reductions and strategic plan development and
    implementation. Such goals may reflect absolute entity or
    business unit performance or a relative comparison to the
    performance of a peer group of entities or other external
    measure of the selected performance criteria. To the extent
    consistent with Section 162(m), the Committee may
    appropriately adjust any evaluation of performance under such
    goals to exclude the effect of certain events, including, but
    not limited to, any of the following events: asset write-downs;
    litigation or claim judgments or settlements; changes in tax
    law, accounting principles or other such laws or provisions
    affecting reported results; severance, contract termination and
    other costs related to exiting certain business activities;
    acquisitions; and gains or losses from the disposition of
    businesses or assets or from the early extinguishment of debt.

    

 

    (u) “Person” shall mean any individual or
    entity, including a corporation, partnership, limited liability
    company, association, joint venture or trust.

 

    (v) “Plan” shall mean this Imation Corp.
    2011 Stock Incentive Plan, as amended from time to time.

 

    (w) “Qualifying Termination” shall have
    the meaning ascribed to it in any applicable Award Agreement,
    and, if not defined in any applicable Award Agreement, shall
    mean termination of employment under circumstances that, in the
    judgment of the Committee, warrant acceleration of the
    exercisability of Options or Stock Appreciation Rights or the
    lapse of restrictions relating to Restricted Stock, Restricted
    Stock Units or other Awards under the Plan. Without limiting the
    generality of the foregoing, a Qualifying Termination may apply
    to large scale terminations of employment relating to the
    disposition or divestiture of business or legal entities or
    similar circumstances.

 

    (x) “Restricted Stock” shall mean any
    Share granted under Section 6(c) of the Plan.

 

    (y) “Restricted Stock Unit” shall mean any
    unit granted under Section 6(c) of the Plan evidencing the
    right to receive a Share (or a cash payment equal to the Fair
    Market Value of a Share) at some future date.

 

    (z) “Rule 16b-3”
    shall mean
    Rule 16b-3
    promulgated by the Securities and Exchange Commission under the
    Exchange Act or any successor rule or regulation.

 

    (aa) “Section 162(m)” shall mean
    Section 162(m) of the Code, or any successor provision, and
    the applicable Treasury Regulations promulgated thereunder.

 

    (bb) “Section 409A” shall mean
    Section 409A of the Code, or any successor provision, and
    applicable Treasury Regulations and other applicable guidance
    thereunder.

 

    (cc) “Shares” shall mean shares of Common
    Stock, par value of $0.01 per share, of the Company or such
    other securities or property as may become subject to Awards
    pursuant to an adjustment made under Section 4(c) of the
    Plan.

 

    (dd) “Specified Employee” shall mean a
    specified employee as defined in Code Section 409A(a)(2)(B)
    or applicable proposed or final regulations under Code
    Section 409A.

 

    (ee) “Stock Appreciation Right” shall mean
    any right granted under Section 6(b) of the Plan.

 

    (ff)“Stock Award” shall mean any Share granted under
    Section 6(f) of the Plan.

 

    Section 3.  Administration.

 

    (a) Power and Authority of the
    Committee.  The Plan shall be administered by
    the Committee. Subject to the express provisions of the Plan and
    to applicable law, the Committee shall have full power and
    authority to: (i) designate Participants;
    (ii) determine the type or types of Awards to be granted to
    each Participant under the Plan; (iii) determine the number
    of Shares to be covered by (or the method by which payments or
    other rights are to be calculated in connection with) each
    Award; (iv) determine the terms and conditions of any Award
    or Award Agreement, including any terms relating to the
    forfeiture of any Award and the forfeiture, recapture or
    disgorgement of any cash, Shares, other securities, other
    Awards, other property and other amounts payable with respect to
    any Award; (v) amend the terms and conditions of any Award
    or Award Agreement, provided, however, that, except as otherwise
    provided in Section 4(c) hereof, the Committee shall not
    reprice, adjust or amend the exercise price of Options or the
    grant price of Stock Appreciation Rights previously awarded to
    any Participant, whether through amendment, cancellation and
    exchange for cash or another Award, a replacement grant, or any
    other means; (vi) accelerate the exercisability of any
    Award or the lapse of restrictions relating to any Award;
    (vii) determine whether, to what extent and under what
    circumstances Awards may be exercised in cash, Shares, other
    securities, other Awards or other property, or canceled,
    forfeited or suspended; (viii) determine whether, to what
    extent and

    

 

    under what circumstances cash, Shares, other securities, other
    Awards, other property and other amounts payable with respect to
    an Award under the Plan shall be deferred either automatically
    or at the election of the holder of the Award or the Committee;
    (ix) interpret and administer the Plan and any instrument
    or agreement, including any Award Agreement, relating to the
    Plan; (x) establish, amend, suspend or waive such rules and
    regulations and appoint such agents as it shall deem appropriate
    for the proper administration of the Plan; (xi) make any
    other determination and take any other action that the Committee
    deems necessary or desirable for the administration of the Plan;
    and (xii) adopt such modifications, rules, procedures and
    subplans as may be necessary or desirable to comply with
    provisions of the laws of
    non-U.S. jurisdictions
    in which the Company or an Affiliate may operate, including,
    without limitation, establishing any special rules for
    Affiliates, Eligible Persons or Participants located in any
    particular country, in order to meet the objectives of the Plan
    and to ensure the viability of the intended benefits of Awards
    granted to Participants located in such
    non-United
    States jurisdictions. Unless otherwise expressly provided in the
    Plan, all designations, determinations, interpretations and
    other decisions under or with respect to the Plan or any Award
    or Award Agreement shall be within the sole discretion of the
    Committee, may be made at any time and shall be final,
    conclusive and binding upon any Participant, any holder or
    beneficiary of any Award or Award Agreement, and any employee of
    the Company or any Affiliate.

 

    (b) Delegation.  The Committee may
    delegate its powers and duties under the Plan to one or more
    Directors (including a Director who is also an officer of the
    Company) or a committee of Directors, subject to such terms,
    conditions and limitations as the Committee may establish in its
    sole discretion; provided, however, that the Committee shall not
    delegate its powers and duties under the Plan (i) with
    regard to officers or directors of the Company or any Affiliate
    who are subject to Section 16 of the Exchange Act or
    (ii) in such a manner as would cause the Plan not to comply
    with the requirements of Section 162(m). In addition, the
    Committee may authorize one or more officers of the Company to
    grant Options under the Plan, subject to the limitations of
    Section 157 of the Delaware General Corporation Law;
    provided, however, that such officers shall not be authorized to
    grant Options to officers or directors of the Company or any
    Affiliate who are subject to Section 16 of the Exchange Act.

 

    (c) Power and Authority of the Board of
    Directors.  Notwithstanding anything to the
    contrary contained herein, the Board may, at any time and from
    time to time, without any further action of the Committee,
    exercise the powers and duties of the Committee under the Plan,
    unless the exercise of such powers and duties by the Board would
    cause the Plan not to comply with the requirements of
    Section 162(m).

 

    Section 4.  Shares Available
    for Awards.

 

    (a) Shares Available.  Subject
    to adjustment as provided in Section 4(c) of the Plan, the
    aggregate number of Shares that may be issued under all Awards
    under the Plan shall be 4,500,000. Shares to be issued under the
    Plan may be authorized but unissued Shares, treasury shares or
    Shares acquired in the open market or otherwise. If an Award
    terminates or is forfeited or cancelled without the issuance of
    any Shares, or if any Shares covered by an Award or to which an
    Award relates are not issued for any other reason, then the
    number of Shares counted against the aggregate number of Shares
    available under the Plan with respect to such Award, to the
    extent of any such termination, forfeiture, cancellation or
    other event, shall again be available for granting Awards under
    the Plan. If Shares of Restricted Stock are forfeited or
    otherwise reacquired by the Company prior to vesting, whether or
    not dividends have been paid on such Shares, then the number of
    Shares counted against the aggregate number of Shares available
    under the Plan with respect to such Award of Restricted Stock,
    to the extent of any such forfeiture or reacquisition by the
    Company, shall again be available for granting Awards under the
    Plan. Shares that are withheld in full or partial payment to the
    Company of the purchase or exercise price relating to an Award
    or in connection with the satisfaction of tax obligations
    relating to an Award shall not be available for granting Awards
    under the Plan.

    

 

    (b) Accounting for Awards.  For
    purposes of this Section 4, if an Award entitles the holder
    thereof to receive or purchase Shares, the number of Shares
    covered by such Award or to which such Award relates shall be
    counted on the date of grant of such Award against the aggregate
    number of Shares available for granting Awards under the Plan.
    For Stock Appreciation Rights settled in Shares upon exercise,
    the aggregate number of Shares with respect to which the Stock
    Appreciation Right is exercised, rather than the number of
    Shares actually issued upon exercise, shall be counted against
    the number of Shares available for Awards under the Plan. Awards
    that do not entitle the holder thereof to receive or purchase
    Shares and Awards that are settled in cash shall not be counted
    against the aggregate number of Shares available for Awards
    under the Plan.

 

    (c) Adjustments.  In the event that
    any dividend or other distribution (whether in the form of cash,
    Shares, other securities or other property), recapitalization,
    stock split, reverse stock split, reorganization, merger,
    consolidation,
    split-up,
    spin-off, combination, repurchase or exchange of Shares or other
    securities of the Company, issuance of warrants or other rights
    to purchase Shares or other securities of the Company or other
    similar corporate transaction or event affects the Shares such
    that an adjustment is necessary in order to prevent dilution or
    enlargement of the benefits or potential benefits intended to be
    made available under the Plan, then the Committee shall, in such
    manner as it may deem equitable, adjust any or all of
    (i) the number and type of Shares (or other securities or
    other property) that thereafter may be made the subject of
    Awards, (ii) the number and type of Shares (or other
    securities or other property) subject to outstanding Awards,
    (iii) the purchase or exercise price with respect to any
    Award and (iv) the limitations contained in
    Section 4(d) of the Plan.

 

    (d) Award Limitations Under the Plan.

 

    (i) Section 162(m) Limitation for Certain Types
    of Awards.  No Eligible Person may be granted
    Options, Stock Appreciation Rights or any other Award or Awards
    under the Plan, the value of which Award or Awards is based
    solely on an increase in the value of the Shares after the date
    of grant of such Award or Awards, for more than
    500,000 Shares (subject to adjustment as provided in
    Section 4(c) of the Plan) in the aggregate in any calendar
    year.

 

    (ii) Section 162(m) Limitation for Performance
    Awards.  The maximum amount payable pursuant
    to all Performance Awards to any Participant in the aggregate in
    any calendar year shall be $2,000,000 in value, whether payable
    in cash, Shares or other property. This limitation does not
    apply to any Award subject to the limitation contained in
    Section 4(d)(i) of the Plan.

 

    (iii) Plan Limitation on Awards Other Than Options
    and Stock Appreciation Rights.  No more than
    1,100,000 Shares, subject to adjustment as provided in
    Section 4(c) of the Plan, shall be available under the Plan
    for issuance pursuant to grants of Awards other than Options and
    Stock Appreciation Rights; provided, however, that if any Awards
    other than Options and Stock Appreciation Rights terminate or
    are forfeited or cancelled without the issuance of any Shares or
    if Shares subject to any Awards other than Options and Stock
    Appreciation Rights are forfeited or otherwise reacquired by the
    Company prior to vesting, whether or not dividends have been
    paid on such Shares, then the Shares subject to such
    termination, forfeiture, cancellation or reacquisition by the
    Company shall again be available for grants of Awards other than
    Options and Stock Appreciation Rights for purposes of this
    limitation on grants of such Awards. Awards other than Options
    and Stock Appreciation Rights that do not entitle the holder
    thereof to receive or purchase Shares, and Awards other than
    Options and Stock Appreciation Rights that are settled in cash,
    shall not be counted against the aggregate number of Shares
    available for Awards other than Options and Stock Appreciation
    Rights pursuant to this Section 4(d)(iii).

 

    (iv) Limitation on Awards Granted to Non-Employee
    Directors.  Directors who are not also
    employees of the Company or an Affiliate may not be granted
    Awards in the aggregate for more than 1,000,000 Shares
    available for Awards under the Plan, subject to adjustment as
    provided in Section 4(c) of the Plan.

    

 

    Section 5.  Eligibility.

 

    Any Eligible Person shall be eligible to be designated a
    Participant. In determining which Eligible Persons shall receive
    an Award and the terms of any Award, the Committee may take into
    account the nature of the services rendered by the respective
    Eligible Persons, their present and potential contributions to
    the success of the Company or such other factors as the
    Committee, in its discretion, shall deem relevant.
    Notwithstanding the foregoing, an Incentive Stock Option may
    only be granted to full-time or part-time employees (which term
    as used herein includes, without limitation, officers and
    Directors who are also employees), and an Incentive Stock Option
    shall not be granted to an employee of an Affiliate unless such
    Affiliate is also a “subsidiary corporation” of the
    Company within the meaning of Section 424(f) of the Code or
    any successor provision. Further, notwithstanding the foregoing,
    Options and Stock Appreciation Rights shall not be granted to an
    Eligible Person providing direct services to an Affiliate unless
    the Company has a “controlling interest” in such
    Affiliate within the meaning of Treas. Reg. Sec.
    1.409A-1(b)(5)(iii)(E)(1).

 

    Section 6.  Awards.

 

    (a) Options.  The Committee is
    hereby authorized to grant Options to Eligible Persons with the
    following terms and conditions and with such additional terms
    and conditions not inconsistent with the provisions of the Plan
    as the Committee shall determine:

 

    (i) Exercise Price.  The purchase
    price per Share purchasable under an Option shall be determined
    by the Committee and shall not be less than 100% of the Fair
    Market Value of a Share on the date of grant of such Option;
    provided, however, that the Committee may designate a per share
    exercise price below Fair Market Value on the date of grant
    (A) to the extent necessary or appropriate, as determined
    by the Committee, to satisfy applicable legal or regulatory
    requirements of a foreign jurisdiction, with any such Option
    grant counting toward the maximum limit stipulated in
    Section 4(d)(iii) or (B) if the Option is granted in
    substitution for a stock option previously granted by an entity
    that is acquired by or merged with the Company or an Affiliate.

 

    (ii) Option Term.  The term of each
    Option shall be fixed by the Committee but shall not be longer
    than 10 years from the date of grant.

 

    (iii) Time and Method of
    Exercise.  The Committee shall determine the
    time or times at which an Option may be exercised in whole or in
    part and the method or methods by which, and the form or forms
    (including, without limitation, cash, Shares, other securities,
    other Awards or other property, or any combination thereof,
    having a Fair Market Value on the exercise date equal to the
    applicable exercise price) in which, payment of the exercise
    price with respect thereto may be made or deemed to have been
    made.

 

    (b) Stock Appreciation Rights.  The
    Committee is hereby authorized to grant Stock Appreciation
    Rights to Eligible Persons subject to the terms of the Plan and
    any applicable Award Agreement. A Stock Appreciation Right
    granted under the Plan shall confer on the holder thereof a
    right to receive upon exercise thereof the excess of
    (i) the Fair Market Value of one Share on the date of
    exercise (or, if the Committee shall so determine, at any time
    during a specified period before or after the date of exercise)
    over (ii) the grant price of the Stock Appreciation Right
    as specified by the Committee, which price shall not be less
    than 100% of the Fair Market Value of one Share on the date of
    grant of the Stock Appreciation Right. Subject to the terms of
    the Plan and any applicable Award Agreement, the grant price,
    term, methods of exercise, dates of exercise, methods of
    settlement and any other terms and conditions of any Stock
    Appreciation Right shall be as determined by the Committee. The
    Committee may impose such conditions or restrictions on the
    exercise of any Stock Appreciation Right as it may deem
    appropriate.

 

    (c) Restricted Stock and Restricted Stock
    Units.  The Committee is hereby authorized to
    grant Awards of Restricted Stock and Restricted Stock Units to
    Eligible Persons with the following terms

    

    64

 

    and conditions and with such additional terms and conditions not
    inconsistent with the provisions of the Plan as the Committee
    shall determine:

 

    (i) Restrictions.  Shares of
    Restricted Stock and Restricted Stock Units shall be subject to
    such restrictions as the Committee may impose (including,
    without limitation, any limitation on the right to vote a Share
    of Restricted Stock or the right to receive any dividend or
    other right or property with respect thereto), which
    restrictions may lapse separately or in combination at such time
    or times, in such installments or otherwise, as the Committee
    may deem appropriate. The minimum vesting period of such Awards
    shall be one year from the date of grant. Notwithstanding the
    foregoing, the Committee may permit acceleration of vesting of
    such Awards in the event of the Participant’s death,
    disability or retirement or a Change in Control of the Company.

 

    (ii) Issuance and Delivery of
    Shares.  Any Restricted Stock granted under
    the Plan shall be issued at the time such Awards are granted and
    may be evidenced in such manner as the Committee may deem
    appropriate, including book-entry registration or issuance of a
    stock certificate or certificates, which certificate or
    certificates shall be held by the Company. Such certificate or
    certificates shall be registered in the name of the Participant
    and shall bear an appropriate legend referring to the
    restrictions applicable to such Restricted Stock. Shares
    representing Restricted Stock that is no longer subject to
    restrictions shall be delivered to the Participant promptly
    after the applicable restrictions lapse or are waived. In the
    case of Restricted Stock Units, no Shares shall be issued at the
    time such Awards are granted. Upon the lapse or waiver of
    restrictions and the restricted period relating to Restricted
    Stock Units evidencing the right to receive Shares, such Shares
    shall be issued and delivered to the holder of the Restricted
    Stock Units.

 

    (iii) Forfeiture.  Except as
    otherwise determined by the Committee, upon a Participant’s
    termination of employment or resignation or removal as a
    Director (in either case, as determined under criteria
    established by the Committee) during the applicable restriction
    period, all Shares of Restricted Stock and all Restricted Stock
    Units held by the Participant at such time shall be forfeited
    and reacquired by the Company; provided, however, that the
    Committee may, when it finds that a waiver would be in the best
    interest of the Company, waive in whole or in part any or all
    remaining restrictions with respect to Shares of Restricted
    Stock or Restricted Stock Units.

 

    (d) Dividend Equivalents.  The
    Committee is hereby authorized to grant Dividend Equivalents to
    Eligible Persons under which the Participant shall be entitled
    to receive payments (in cash, Shares, other securities, other
    Awards or other property as determined in the discretion of the
    Committee) equivalent to the amount of cash dividends paid by
    the Company to holders of Shares with respect to a number of
    Shares determined by the Committee. Subject to the terms of the
    Plan and any applicable Award Agreement, such Dividend
    Equivalents may have such terms and conditions as the Committee
    shall determine. Notwithstanding the foregoing, the Committee
    may not grant Dividend Equivalents to Eligible Persons in
    connection with grants of Options or Stock Appreciation Rights
    to such Eligible Persons.

 

    (e) Performance Awards.  The
    Committee is hereby authorized to grant to Eligible Persons
    Performance Awards which are intended to be “qualified
    performance-based compensation” within the meaning of
    Section 162(m). A Performance Award granted under the Plan
    may be payable in cash or in Shares (including, without
    limitation, Restricted Stock). Performance Awards shall, to the
    extent required by Section 162(m), be conditioned solely on
    the achievement of one or more objective Performance Goals, and
    such Performance Goals shall be established by the Committee
    within the time period prescribed by, and shall otherwise comply
    with the requirements of, Section 162(m). Subject to the
    terms of the Plan and any applicable Award Agreement, the
    Performance Goals to be achieved during any performance period,
    the length of any performance period, the amount of any
    Performance Award granted, the amount of any payment or transfer
    to be made pursuant to any Performance Award and any other terms
    and conditions of any Performance Award shall be determined by
    the Committee. The Committee shall also certify in writing that
    such Performance

    

 

    Goals have been met prior to payment of the Performance Awards
    to the extent required by Section 162(m).

 

    (f) Stock Awards.  The Committee is
    hereby authorized to grant to Eligible Persons Shares without
    restrictions thereon, as deemed by the Committee to be
    consistent with the purpose of the Plan. Subject to the terms of
    the Plan and any applicable Award Agreement, such Stock Awards
    may have such terms and conditions as the Committee shall
    determine.

 

    (g) Other Stock-Based Awards.  The
    Committee is hereby authorized to grant to Eligible Persons such
    other Awards that are denominated or payable in, valued in whole
    or in part by reference to, or otherwise based on or related to,
    Shares (including, without limitation, securities convertible
    into Shares), as are deemed by the Committee to be consistent
    with the purpose of the Plan. The Committee shall determine the
    terms and conditions of such Awards, subject to the terms of the
    Plan and the Award Agreement. Shares, or other securities
    delivered pursuant to a purchase right granted under this
    Section 6(g), shall be purchased for consideration having a
    value equal to at least 100% of the Fair Market Value of such
    Shares or other securities on the date the purchase right is
    granted. The consideration paid by the Participant may be paid
    by such method or methods and in such form or forms (including,
    without limitation, cash, Shares, other securities, other Awards
    or other property, or any combination thereof), as the Committee
    shall determine.

 

    (h) General.

 

    (i) Consideration for
    Awards.  Awards may be granted for no cash
    consideration or for any cash or other consideration as may be
    determined by the Committee or required by applicable law.

 

    (ii) Awards May Be Granted Separately or
    Together.  Awards may, in the discretion of
    the Committee, be granted either alone or in addition to, in
    tandem with or in substitution for any other Award or any award
    granted under any other plan of the Company or any Affiliate.
    Awards granted in addition to or in tandem with other Awards or
    in addition to or in tandem with awards granted under any other
    plan of the Company or any Affiliate may be granted either at
    the same time as or at a different time from the grant of such
    other Awards or awards.

 

    (iii) Forms of Payment under
    Awards.  Subject to the terms of the Plan and
    of any applicable Award Agreement, payments or transfers to be
    made by the Company or an Affiliate upon the grant, exercise or
    payment of an Award may be made in such form or forms as the
    Committee shall determine (including, without limitation, cash,
    Shares, other securities, other Awards or other property, or any
    combination thereof), and may be made in a single payment or
    transfer, in installments or on a deferred basis, in each case
    in accordance with rules and procedures established by the
    Committee. Such rules and procedures may include, without
    limitation, provisions for the payment or crediting of
    reasonable interest on installment or deferred payments or the
    grant or crediting of Dividend Equivalents with respect to
    installment or deferred payments.

 

    (iv) Term of Awards.  The term of
    each Award shall be for a period not longer than 10 years
    from the date of grant.

 

    (v) Limits on Transfer of
    Awards.  Except as otherwise provided in this
    Section 6(h)(v), no Award (other than a Stock Award) and no
    right under any such Award shall be transferable by a
    Participant other than by will or by the laws of descent and
    distribution. The Committee may establish procedures as it deems
    appropriate for a Participant to designate a Person or Persons,
    as beneficiary or beneficiaries, to exercise the rights of the
    Participant and receive any property distributable with respect
    to any Award in the event of the Participant’s death. The
    Committee, in its discretion and subject to such additional
    terms and conditions as it determines, may permit a Participant
    to transfer a Non-Qualified Stock Option to any “family
    member” (as such term is defined in the General
    Instructions to
    Form S-8
    (or any successor to such Instructions or such Form) under the
    Securities Act of 1933, as amended) at any time that such
    Participant holds such Option, provided that such transfers may
    not be for value (i.e., the transferor may not receive any
    consideration therefor) and the family member may not make any
    subsequent transfers other than by will or by the laws of
    descent

    

 

    and distribution. Each Award under the Plan or right under any
    such Award shall be exercisable during the Participant’s
    lifetime only by the Participant (except as provided herein or
    in an Award Agreement or amendment thereto relating to a
    Non-Qualified Stock Option) or, if permissible under applicable
    law, by the Participant’s guardian or legal representative.
    No Award (other than a Stock Award) or right under any such
    Award may be pledged, alienated, attached or otherwise
    encumbered, and any purported pledge, alienation, attachment or
    encumbrance thereof shall be void and unenforceable against the
    Company or any Affiliate.

 

    (vi) Restrictions; Securities Exchange
    Listing.  All Shares or other securities
    delivered under the Plan pursuant to any Award or the exercise
    thereof shall be subject to such restrictions as the Committee
    may deem advisable under the Plan, applicable federal or state
    securities laws and regulatory requirements, and the Committee
    may cause appropriate entries to be made or legends to be placed
    on the certificates for such Shares or other securities to
    reflect such restrictions. If the Shares or other securities are
    traded on a securities exchange, the Company shall not be
    required to deliver any Shares or other securities covered by an
    Award unless and until such Shares or other securities have been
    admitted for trading on such securities exchange.

 

    (vii) Section 409A
    Provisions.  Notwithstanding anything in the
    Plan or any Award Agreement to the contrary, to the extent that
    any amount or benefit that constitutes “deferred
    compensation” to a Participant under Section 409A of
    the Code and applicable guidance thereunder is otherwise payable
    or distributable to a Participant under the Plan or any Award
    Agreement solely by reason of the occurrence of a Change in
    Control or due to the Participant’s disability or
    “separation from service” (as such term is defined
    under Section 409A), such amount or benefit will not be
    payable or distributable to the Participant by reason of such
    circumstance unless the Committee determines in good faith that
    (i) the circumstances giving rise to such Change in
    Control, disability or separation from service meet the
    definition of a change in ownership or control, disability or
    separation from service, as the case may be, in
    Section 409A(a)(2)(A) of the Code and applicable proposed
    or final regulations, or (ii) the payment or distribution
    of such amount or benefit would be exempt from the application
    of Section 409A by reason of the short-term deferral
    exemption or otherwise. Any payment or distribution that
    otherwise would be made to a Participant who is a Specified
    Employee (as determined by the Committee in good faith) on
    account of separation from service may not be made before the
    date which is 6 months after the date of the Specified
    Employee’s separation from service (or if earlier, upon the
    Specified Employee’s death) unless the payment or
    distribution is exempt from the application of Section 409A
    by reason of the short-term deferral exemption or otherwise.

 

    Section 7.  Amendment
    and Termination; Corrections.

 

    (a) Amendments to the Plan.  The
    Board may amend, alter, suspend, discontinue or terminate the
    Plan at any time; provided, however, that, notwithstanding any
    other provision of the Plan or any Award Agreement, prior
    approval of the stockholders of the Company shall be required
    for any amendment to the Plan that:

 

    (i) requires stockholder approval under the rules or
    regulations of the Securities and Exchange Commission, the New
    York Stock Exchange, The NASDAQ Stock Market LLC or any other
    securities exchange that are applicable to the Company;

 

    (ii) increases the number of shares authorized under the
    Plan as specified in Section 4(a) of the Plan;

 

    (iii) increases the number of shares subject to the
    limitations contained in Sections 4(d)(i), (iii) and
    (iv) of the Plan or the dollar amount subject to the
    limitation contained in Section 4(d)(ii) of the Plan;

 

    (iv) permits repricing of Options or Stock Appreciation
    Rights which is prohibited by Section 3(a)(v) of the Plan;

    

 

    (v) permits the award of Options or Stock Appreciation
    Rights at a price less than 100% of the Fair Market Value of a
    Share on the date of grant of such Option or Stock Appreciation
    Right, contrary to the provisions of Sections 6(a)(i) and
    6(b)(ii) of the Plan; and

 

    (vi) would cause Section 162(m) to become unavailable
    with respect to the Plan.

 

    (b) Amendments to Awards.  Subject
    to the provisions of the Plan, the Committee may waive any
    conditions of or rights of the Company under any outstanding
    Award, prospectively or retroactively. Except as otherwise
    provided in the Plan, the Committee may amend, alter, suspend,
    discontinue or terminate any outstanding Award, prospectively or
    retroactively, but no such action may adversely affect the
    rights of the holder of such Award without the consent of the
    Participant or holder or beneficiary thereof. The Company
    intends that Awards under the Plan shall satisfy the
    requirements of Section 409A to avoid any adverse tax
    results thereunder, and the Committee shall administer and
    interpret the Plan and all Award Agreements in a manner
    consistent with that intent. If any provision of the Plan or an
    Award Agreement would result in adverse tax consequences under
    Section 409A, the Committee may amend that provision (or
    take any other action reasonably necessary) to avoid any adverse
    tax results and no action taken to comply with Section 409A
    shall be deemed to impair or otherwise adversely affect the
    rights of any holder of an Award or beneficiary thereof.

 

    (c) Correction of Defects, Omissions and
    Inconsistencies.  The Committee may correct
    any defect, supply any omission or reconcile any inconsistency
    in the Plan or in any Award or Award Agreement in the manner and
    to the extent it shall deem desirable to implement or maintain
    the effectiveness of the Plan.

 

    Section 8.  Income
    Tax Withholding.

 

    In order to comply with all applicable federal, state, local or
    foreign income tax laws or regulations, the Company may take
    such action as it deems appropriate to ensure that all
    applicable federal, state, local or foreign payroll,
    withholding, income or other taxes, which are the sole and
    absolute responsibility of a Participant, are withheld or
    collected from such Participant. In order to assist a
    Participant in paying all or a portion of the applicable taxes
    to be withheld or collected upon exercise or receipt of (or the
    lapse of restrictions relating to) an Award, the Committee, in
    its discretion and subject to such additional terms and
    conditions as it may adopt, may permit the Participant to
    satisfy such tax obligation by (a) electing to have the
    Company withhold a portion of the Shares otherwise to be
    delivered upon exercise or receipt of (or the lapse of
    restrictions relating to) such Award with a Fair Market Value
    equal to the amount of such taxes or (b) delivering to the
    Company Shares other than Shares issuable upon exercise or
    receipt of (or the lapse of restrictions relating to) such Award
    with a Fair Market Value equal to the amount of such taxes. The
    election, if any, must be made on or before the date that the
    amount of tax to be withheld is determined.

 

    Section 9.  General
    Provisions.

 

    (a) No Rights to Awards.  No
    Eligible Person, Participant or other Person shall have any
    claim to be granted any Award under the Plan, and there is no
    obligation for uniformity of treatment of Eligible Persons,
    Participants or holders or beneficiaries of Awards under the
    Plan. The terms and conditions of Awards need not be the same
    with respect to any Participant or with respect to different
    Participants.

 

    (b) Award Agreements.  No
    Participant shall have rights under an Award granted to such
    Participant unless and until an Award Agreement shall have been
    duly executed on behalf of the Company and, if requested by the
    Company, signed by the Participant, or until such Award
    Agreement is delivered and accepted through any electronic
    medium in accordance with procedures established by the Company.

 

    (c) No Rights of
    Stockholders.  Except with respect to
    Restricted Stock and Stock Awards, neither a Participant nor the
    Participant’s legal representative shall be, or have any of
    the rights and privileges of, a stockholder of the Company with
    respect to any Shares issuable upon the exercise or payment of
    any Award, in whole or in part, unless and until the Shares have
    been issued.

    

 

    (d) No Limit on Other Compensation Plans or
    Arrangements.  Nothing contained in the Plan
    shall prevent the Company or any Affiliate from adopting or
    continuing in effect other or additional compensation plans or
    arrangements, and such plans or arrangements may be either
    generally applicable or applicable only in specific cases.

 

    (e) No Right to Employment or
    Directorship.  The grant of an Award shall not
    be construed as giving a Participant the right to be retained as
    an employee of the Company or any Affiliate, or a Director to be
    retained as a Director, nor will it affect in any way the right
    of the Company or an Affiliate to terminate a Participant’s
    employment at any time, with or without cause. In addition, the
    Company or an Affiliate may at any time dismiss a Participant
    from employment free from any liability or any claim under the
    Plan or any Award, unless otherwise expressly provided in the
    Plan or in any Award Agreement.

 

    (f) Governing Law.  The internal
    law, and not the law of conflicts, of the State of Delaware,
    shall govern all questions concerning the validity, construction
    and effect of the Plan or any Award, and any rules and
    regulations relating to the Plan or any Award.

 

    (g) Severability.  If any provision
    of the Plan or any Award is or becomes or is deemed to be
    invalid, illegal or unenforceable in any jurisdiction or would
    disqualify the Plan or any Award under any law deemed applicable
    by the Committee, such provision shall be construed or deemed
    amended to conform to applicable laws, or if it cannot be so
    construed or deemed amended without, in the determination of the
    Committee, materially altering the purpose or intent of the Plan
    or the Award, such provision shall be stricken as to such
    jurisdiction or Award, and the remainder of the Plan or any such
    Award shall remain in full force and effect.

 

    (h) No Trust or
    Fund Created.  Neither the Plan nor any
    Award shall create or be construed to create a trust or separate
    fund of any kind or a fiduciary relationship between the Company
    or any Affiliate and a Participant or any other Person. To the
    extent that any Person acquires a right to receive payments from
    the Company or any Affiliate pursuant to an Award, such right
    shall be no greater than the right of any unsecured general
    creditor of the Company or any Affiliate.

 

    (i) No Fractional Shares.  No
    fractional Shares shall be issued or delivered pursuant to the
    Plan or any Award, and the Committee shall determine whether
    cash shall be paid in lieu of any fractional Share or whether
    such fractional Share or any rights thereto shall be canceled,
    terminated or otherwise eliminated.

 

    (j) Headings.  Headings are given
    to the Sections and subsections of the Plan solely as a
    convenience to facilitate reference. Such headings shall not be
    deemed in any way material or relevant to the construction or
    interpretation of the Plan or any provision thereof.

 

    Section 10.  Effective
    Date of the Plan; Effect on Prior Plan.

 

    The Plan shall be subject to approval by the stockholders of the
    Company at the annual meeting of stockholders of the Company to
    be held on May 4, 2011 and the Plan shall be effective as
    of the date of such stockholder approval. On and after the date
    of stockholder approval of the Plan, no awards shall be granted
    under the Company’s 2005 Stock Incentive Plan, but all
    outstanding awards previously granted under the 2005 Stock
    Incentive Plan shall remain outstanding in accordance with the
    terms thereof.

 

    Section 11.  Term
    of the Plan.

 

    The Plan shall terminate at midnight on May 3, 2021, unless
    terminated before then by the Board. Awards may be granted under
    the Plan until the earlier to occur of termination of the Plan
    or the date on which all Shares available for Awards under the
    Plan have been purchased or acquired; provided, however, that
    Incentive Stock Options may not be granted following the
    10-year
    anniversary of the Board’s adoption of the Plan. As long as
    any Awards are outstanding under the Plan, the terms of the Plan
    shall govern such Awards.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]