Document:

Amendment No. 2 dated March 6, 2009 to 2008 Restatement of Xerox Corp. URIGP

 Exhibit 10(f)(3) 
 AMENDMENT NO. 2 
 TO 
 2008 RESTATEMENT 
 OF 
 XEROX CORPORATION 
 UNFUNDED
RETIREMENT INCOME GUARANTEE PLAN 
 W I T N E S S E T H: 

WHEREAS, Xerox Corporation (the “Employer”) has established the Xerox Corporation Unfunded Retirement Income Guarantee Plan, which is presently set forth in
the “2008 Restatement of Xerox Corporation Unfunded Retirement Income Guarantee Plan”, as amended by Amendment No. 1 (the “Plan”), and 
 WHEREAS, the Employer desires to amend the Plan, 
 NOW, THEREFORE, the Plan is hereby amended as follows: 
 1. Effective January 1, 2009, Section 3.1 (relating to eligibility) shall be amended by adding after the first sentence thereof the following sentence to read
in its entirety as follows: 
 “An Employee and beneficiaries of such Employee shall be eligible to receive a Localization Transition Benefit to the
extent provided by Article 9, even if not eligible to receive benefits from the Funded Plan.” 
 2. Effective January 1, 2009, a new Article 9
shall be added to read in its entirety as follows: 
 “ARTICLE 9 
 Localization Transition Benefit 
 Section 9.1. Localization
Transition Benefit. This Article creates a new benefit under the Plan, entitled the Localization Transition Benefit. 
 Section 9.2. Eligibility. An Employee is eligible to receive a Localization Transition Benefit only if he or she has received a localization agreement from the Company expressly promising that the Company will provide
such benefit (the “Localization Agreement”) and stating the dollar amount of the initial account balance. 
 Section 9.3. Benefit. For an Employee eligible under Section 9.2, the Company shall establish an account with an initial balance equal to the amount stated in the Localization Agreement. The balance will be credited
with interest at the interest rate credited to Cash Balance Retirement Accounts under the Funded Plan and in the same manner as interest is credited to these Accounts under the Funded Plan. 
 Section 9.4. Vesting. The Employee’s right to a benefit under this Article will become nonforfeitable (“Vested”) if he
or she remains an Employee in the Company’s service in the United States according to the following schedule: 
 (a) The Vested
percentage will be 20% upon the completion of two years of service following the effective Date of the Localization Agreement. On the completion of each successive year thereafter, ending on each anniversary date of the Localization Agreement, the
Vested percentage will increase in equal increments so that the Vested percentage will be 100% upon the date on which the Employee attains age 60. 
  

 (b) If the Employee dies before commencing his or her benefit under this Article, the Vested balance will
be paid to his or her estate as a single sum amount 30 days after the date of the Employee’s death. 
 (c) The Employee’s right to
a benefit under this Article will be (i) 100% Vested upon attainment of age 60, and (ii) will be no less than 20% vested upon the occurrence of a Change in Control. 
 Section 9.5. Payment. 
 (a) Upon separation from service (as defined for purposes of Section 409A of the Code), the Vested Localization Transition Benefit will be paid in 120 equal monthly installments, commencing on the first day of the seventh month
following separation. The first payment will be equal to the monthly installment then due, plus the six monthly installments missed because of the six-month delay in payment. Regular monthly installments will be paid thereafter. 
 (b) If the Employee dies before receiving all 120 installments, the present value of the remaining installments will be paid to his or her estate 30 days
after the date of the Employee’s death. Such present value shall be determined in accordance with Section 1.3(a) of the Funded Plan. 
 (c) Upon the occurrence of a Section 409A-Conforming Change in Control, the Vested Localization Transition Benefit will be paid in a lump sum 30 days after such Section 409A-Conforming Change in Control. 
 (d) If the Employee returns to his or her home country, installments of the Vested Localization Transition Benefit payable in any year will be forfeited
to the extent of retirement or severance benefits payable in the same year by reason of his or her employment in such country by the Company or any affiliate. The retirement or severance benefits are those which relate to the period over which the
Employee had been vesting in the Localization Transition Benefit. Service considered for Vesting will cease once an Employee returns to his or her home country. 
 Section 9.6. Other Plan Provisions. The provisions of Article 4 do not apply to the Localization Transition Benefit, except for Section 4.5 (stating that benefits under the Plan are unfunded
and unsecured). The provisions of Article 5 (relating to a Change in Control) do not apply to the Localization Transition Benefit.” 
 The foregoing
amendment is effective as of the date stated herein. In all other respects, the Plan remains unchanged. 
 IN WITNESS WHEREOF, the Employer has caused this
Amendment to be signed as of this 6th day of March, 2009. 
  

			
	XEROX CORPORATION
		
	By:	 	 /s/ Patricia M. Nazemetz

		 	Vice President

  

 2Offer Letter, dated as of October 31, 2008

 EXHIBIT 10.37 
 October 29, 2008 
 Mr. Louis Drapeau 
 InSite
Vision Incorporated 
 965 Atlantic Avenue 
 Alameda, CA 94501

  

	RE:	Offer of Employment as Interim Chief Executive Officer 

 Dear Lou:

 On behalf of InSite Vision Incorporated (the “Company”), we are very pleased to offer you the position of interim Chief Executive
Officer (“CEO”), during the period of time that the company searches for a full-time CEO. Thu purpose of this letter is to set forth the terms and conditions that will govern your employment as interim CEO (the “Agreement”).

  

	 	1.	Job Title and Responsibilities. Commencing on the first business day following your execution of this Agreement (the “Effective Date”), you will serve the Company
as interim CEO and report to the Company’s board of Directors (the “Board”). In your position as interim CEO, you will perform such officer-level duties and have such officer-level authority and responsibility as is usual and
customary for a CEO of a publicly-traded company. You also will perform such other officer-level responsibilities that may be assigned to you from time to time by the Board. In addition, you will retain the job title and responsibilities of your
current position as the Company’s Vice President and Chief Financial Officer. It is anticipated that you will continue to work at your rate of approximately 30 hours per week. 

  

	 	2.	Base Salary. Your current base salary as CFO is $205,000. During your tenure as interim CEO, you will receive a base salary at a rate of $255,000 per year, less applicable
withholdings and authorized deductions. You will continue to be paid in accordance with the Company’s standard payroll procedures. Upon the hiring of a full-time CEO, as the Company’s Vice President and Chief Financial Officer you will
receive a base salary at a rate of $205,000 per year (or a higher amount as may be determined by the Board in its sole discretion). 

  

	 	3.	Retention Bonus. In addition to the opportunity to earn your current 2008 bonus as well as any 2009 bonus in your role as the Company’s Vice President and Chief
Financial Officer, you shall be entitled to receive a bonus of $50,000 (“CEO Bonus”), less applicable withholdings and authorized deductions, upon meeting certain business objectives agreed upon by you and the Board. Provided that you meet
such objectives and that you remain actively employed with the Company through the date that a new CEO commences full-time employment with the Company (the “Full-Time CEO Hire Date”), you shall receive payment of the CEO Bonus on the first
regularly scheduled payroll date following the Full-Time CEO Hire Date. 

  

	 	4.	Stock Option Grant. Contingent upon you executing this Agreement, the Compensation Committee of the board has approved the grant to you of a non-qualified stock option (the
“Option”) to purchase 300,000 shares of the Company’s common stock (the “Common Stock”) at an exercise price per share equal to the closing price of the Common Stock as of the date of the approval of the grant. The Option
will vest as follows: 

  

	 	(a)	50% of the shares underlying the Option shall vest on the earlier to occur of (i) the Full-Time CEO Hire Date and (ii) the twelve-month anniversary of the Effective Date,
provided in each case that you remain actively employed as interim CEO through such vesting date; and 

	 	(b)	the remaining 50% of the shares underlying the Option shall vest on the earlier to occur of (i) The twelve-month anniversary of the Full-time CEO Hire Date and (ii) the
two year anniversary of the Effective Date; provided that you remain actively employed by the Company as Vice President and Chief Financial Officer through such vesting date. 

 In order for you to receive this Option, you will be required to sign the Company’s standard stock option agreement and notice of stock option grant,
which, other than as set forth above, shall contain the same terms and conditions as your current option grant. The Option shall be subject to a maximum term of 10 years. 
  

	 	5.	At-Will Employment. Your employment with the Company will continue on an “at-will” basis and may be terminated by either you or the Company at any time, with or
without cause, and with or without prior notice. This “at-will” nature of our employment may only be changed by an express written agreement that is signed by you and another officer of the Company, subject to the approval of the Board.

  

	 	6.	Entire Agreement. This Agreement represents the full agreement between the Company and you regarding your promotion to interim CEO and the other subject matters addressed
herein. This Agreement supersedes and is in lieu of all prior oral or written agreements regarding such subject matter and may not be changed except in writing signed by you and another officer of the Company, subject to the approval of the Board.

 As evidence of your acceptance of the Agreement, please sign below and return this letter. The enclosed copy is for your
records. 
 We are excited to work with you in your role as interim CEO. In you have any questions, please do not hesitate to call me.

 Sincerely, 
 Evan S. Melrose, M.D. 
 Chairman of the Board of Directors 
 InSite Vision Incorporated 
 Enclosure:
Duplicate letter 
 Agreed and Accepted: 
  

			
	___________________	 	Date: _______________
	 Louis Drapeau

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