Document:

Exhibit

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
        
Exhibit 10.3
            

AMENDMENT TO THE MINIMUM PREMIUM ADMINISTRATIVE SERVICES AGREEMENT, 
AS AMENDED EFFECTIVE JANUARY 1, 2015, 
BY AND BETWEEN
INSPERITY HOLDINGS, INC. (fka ADMINISTAFF OF TEXAS, INC.), 
AND 
UNITED HEALTHCARE INSURANCE COMPANY
 
THIS AMENDMENT TO THE MINIMUM PREMIUM ADMINISTRATIVE SERVICES AGREEMENT, as amended effective January 1, 2015, (the “Administrative Services Agreement”) is entered into as of  January 1, 2016, by and between Insperity Holdings, Inc., of Texas, Inc. (the “Employer”), a Texas corporation, and United Healthcare Insurance Company (the “Company”), a Connecticut corporation (this “Amendment”).
RECITALS
WHEREAS, on or about June 25, 2002, the Employer and the Company executed the Minimum Premium Administrative Services Agreement effective January 1, 2002 (“Original Agreement”); and
WHEREAS, effective January 1, 2005, the Employer and the company executed the Administrative Services Agreement to amend and restate the Original Agreement: and 
WHEREAS, effective January 1, 2008, January 1, 2011, January 1, 2013, and January 1, 2015, the Employer and the Company amended the Administrative Services Agreement; and
WHEREAS, the Employer and the Company now wish to further amend the Administrative Services Agreement pursuant to the terms of this Amendment effective January 1, 2016, unless otherwise stated herein. 
NOW, THEREFORE, in consideration of the following mutual covenants and promises, the parties agree as follows:
ARTICLE I
ALTERNATE VENDORS
Section 1.1: Exhibit F of the Administrative Services Agreement is hereby amended and is restated in its entirety to read as follows: 

Exhibit F- Alternate Vendors
		
	A.  
	Except as otherwise set forth in this Exhibit F, the Company shall have the right to be the exclusive provider of medical and dental coverage for Employees; provided, however, that execution of an agreement  between the Company and the Employer with 

respect to the Company's right to be the exclusive provider of dental coverage for Employees with respect to certain geographical coverage areas ('"Dental Agreement") shall cause this Agreement and the MP Financial Agreement (including any exhibits or appendices  to either) to be modified effective as of the effective date of the Dental Agreement to delete any effect on or reference to dental benefits, coverage, policies, or exclusivity rights as to the provision of dental coverage to employees of the Employer, and shall be interpreted in a manner consistent therewith.

B.     Exceptions to the Company's Right to be Exclusive Provider

1.   If there is a *** to the Company *** network in a Market, or if no group health insurance or similar product offered by the Company is Competitive in that Market, the Employer may offer, subject to this section B of this Exhibit F, the health insurance or similar products of a Competing Vendor in such market.

a.   The health insurance or similar products of a Competing Vendor may not be offered to Existing Company membership until after December 31, 2019, unless there is *** or required by Federal or State law.

		
	b.  
	If Employer introduces a Competing Vendor, the following provisions shall apply as long as the Company continues to write new group policies in that market:

		
	(i.) 
	Employer agrees to *** unilaterally to the Competing Vendor; and

		
	(ii.) 
	Existing Clients will be offered a choice at the time of the Client's contract renewal between the Company and Competing Vendor coverage options; and

		
	(iii.) 
	The choice between the Company and the Competing Vendor's coverage options shall only be *** at the *** and in no event *** to the ***.

c.   Only *** Competing Vendor will be introduced into a limited number of Markets, not to exceed *** Markets, through December 31, 2019.  This Market limitation may be increased if both parties determine that Federal or State law requires more Competing Vendors to be offered in a Market.

		
	d.
	Company will be notified at least 90 days prior to the introduction of a Competing Vendor into a Market.

		
	e.
	In no event will a Competing Vendor be introduced in the ***, which market includes *** and *** and *** markets. These markets will remain exclusive markets to the Company. If agreed to by both parties, the exclusivity requirement will be modified if changes are mandated by Federal or State law (to the extent not previously addressed in subparagraph (a) to this Section 1).

	
			
	 
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	f. 
	Notwithstanding any provision of Exhibit F to the contrary, the exclusivity provisions shall not apply to any county where *** following a *** where there is no ***.

g.   Notwithstanding any provision of Exhibit F to the contrary, the exclusivity provisions shall not apply to any *** business policies (*** business policies are those issued to *** with *** eligible employees).

h.   Notwithstanding any provision of Exhibit F to the contrary, the exclusivity provisions shall not apply to prevent Employer from offering *** or another Competing Vendor in ***.

		
	i. 
	Notwithstanding any provision of Exhibit F to the contrary, the exclusivity provisions shall not apply to prevent Employer from offering *** or another Competing Vendor in ***.

		
	j.
	Notwithstanding any provision of Exhibit F to the contrary, the exclusivity provisions shall not apply to prevent Employer from offering alternative *** coverage (but not *** coverage) through *** or *** in ***.

		
	k.
	Company will be the exclusive Vendor for *** coverage offered in the *** markets. If agreed to by both parties, the exclusivity requirement will be modified if changes are mandated by Federal or State law.

		
	l.
	Where a State or municipality requires issuance of small business policies directly to Clients and/or Employees, Employer will not be subject to this exclusivity provision for those Clients and/or Employees. This section does not prohibit a Client or Employee from selecting coverage in a Federal, State or private exchange, provided that *** the Client or Employee from selecting coverage in an exchange.

		
	m.
	Employer and Company will work together to find mutually agreeable parameters for any *** ("***") *** by Employer.

2.   Removal or Addition of the Company’s HMOs and Other Products

a.   If at any time the HMO Substitute offered by the Employer through the Company ceases to be Competitive, the Employer may in its sole discretion cease offering such product.  In any such case, the Employer shall notify the Company of its opinion concerning the Competitive status of such product at least *** before it ceases offering the product and shall have the burden of undertaking the steps required to confirm the same in accordance with section B of this Exhibit F. If the Company's HMO Substitute becomes Competitive within *** after its receipt of the Employer's notice, the Employer may not replace it unless and until it is again not 

	
			
	 
	3
	 

Competitive,  in which case a new notice shall be required and a new *** corrective period will begin.  Such offering is subject to the following provisions if Company continues to write new group policies in that certain Market:

		
	(i.)
	Employer agrees to *** to the Competing Vendor;

		
	(ii.) 
	Existing Clients will be offered a choice at the time of the Client's contract renewal between the Company and Competing Vendor coverage options; and

		
	(iii.) 
	The choice between the Company and the Competing Vendor's coverage options shall only be *** at the *** and in no event *** to the ***.

b.   If, at the time the Company begins to offer an HMO Substitute which is Competitive in a certain market, the Employer is offering an HMO through a Competing Vendor consistent with the provisions of this Exhibit F in that market, the Employer shall offer each Client in such market coverage options for Employees in such market not later than the renewal date of such Client's service agreement consisting of either (i) subject to Section C of this Exhibit F, the *** and *** options or (ii) such Competing Vendor's  *** and, at the Competing Vendor's ***, its ***.

3.   Acquisition by Employer of another Professional Employer Organization

The Employer's use of Competing Vendors to provide coverage to New PEO Clients will not violate the provisions of section 6(b)(iv) of the Agreement or this Exhibit F if such coverage complies with the provisions of section 6(f) of the Agreement.

C.     Continuation of Company HMO in ***

The parties agree to renew existing *** (*** as ***) coverage to the end of calendar year 2019 in the *** market. 

		
	D. 
	Alternate Vendors

In the event of *** in the use of *** by businesses within Insperity’s target customer base, which *** Insperity’s *** to *** or ***, the parties agree to:

		
	a.
	Cooperate in good faith to ease the exclusivity provisions of the Agreement to accommodate a *** offering competitive with the marketplace, however, such easing shall be to the extent minimally necessary to achieve a competitive offering;

		
	b.
	Restrict any *** offering to *** at the ***;

	
			
	 
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	c.
	Maintain the existing Agreement for the remainder of the term of the Agreement.

E.     Definitions

As used in this Exhibit F, capitalized terms shall have the meanings assigned to them in the Minimum Premium Administrative Services Agreement to which this Exhibit F is attached or, if no meaning is so assigned, the meaning set forth in this section E of Exhibit F.

a.   "Competing Vendor" means a vendor of medical coverage products in a particular geographic market other than the Company.

b.   "Competitive"  means that either (i) the Company and the Employer agree or (ii) an independent consultant chosen by mutual agreement of the parties has determined, that such product ranks either *** or *** as compared to competing products of other vendors in the designated market.  In making any determination of the rank of a product in a market, such consultant shall apply such criteria relating to *** and *** as it shall determine appropriate.  All fees and expenses of any such consultant paid by the Employer.

c.   "Existing Client" means a Client which is covered under a Company *** or *** as of the date such determination is made under Section B of this Exhibit F.

d.   "HMO" means a product issued by a licensed "health maintenance organization" and offered as a network only or lock in product.  Any references in this Exhibit F to the Company's "HMOs" shall include any HMO issued by the Company (or another member of the Company's controlled group).

c.   Each of the following geographic areas are defined as a "Market" under this
Agreement:

I.    ***
II.       ***
III.        ***
IV.         ***
V.     *** (this includes membership in *** and *** metros)
VI.    *** (*** includes ***) 
VII.       ***
VIII.    ***
IX.        ***
X.         ***

	
			
	 
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XL        ***
XII.     ***
XIII.     ***
XIV.     ***
XV.      *** 
XVI.     ***
XVII.     ***
XVIII.     ***
 XIX.       ***
XX.       ***
XXI.       ***
XXII.        ***
XXIII.     ***
XXIV.    ***
XXV.    ***
XXVI.    ***
XXVII.    ***
XXVIII.    ***
XXIX.    ***
 XXX.    ***
XXXI.    ***
XXXII.     ***
 XXXIII.    ***  
XXXIV.     *** 
XXXV.      ***
XXXVI.     ***
XXXVII.    ***
XXXVIII. ***
XXXIX.    ***
XL.    ***
XLI.    ***
XLII    ***
XLIII.      ***
XLIV.        ***
XLV.    ***
XLVI.     ***
XLVII.    ***
XLVIII.      ***
XLIX.       ***
L.            ***
LI.       ***

	
			
	 
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LII.    ***

		
	f .
	"PPO" means any product for network coverage that is not an HMO, the HMO Substitute or an EPO.

		
	g.
	"EPO" means a product issued by a licensed "insurance company" and offered as a network only or lock in product

h.   "HMO Substitute" means the *** benefit plan (which includes both in­ network and out-of- network benefits) developed and offered to the Employer by the Company as a substitute for Company's HMO products in connection with Section B of this Exhibit F.

		
	i. 
	''***" means that either (i) the Company and the Employer agree or (ii) an independent consultant chosen  by mutual  agreement of the parties  has determined, that Company's network in a Market  has been ***. In order to determine if there is a ***, the consultant shall apply reasonable criteria to determine that both (a) the *** imposes a *** to the Employer's ability to add new clients in the market; and (b) the addition of a new vendor *** the Employer's *** in adding new clients in the market   All fees and expenses of any such consultant shall be paid by the Employer.

ARTICLE II
AGREEMENT PERIOD
Section 2.1: Section 9 of the Administrative Services Agreement, as amended, is hereby amended and is restated in its entirety to read as follows:
Section 9:  Effective Date and Agreement Period
Except as otherwise specifically provided herein, the provisions of the Agreement shall be effective as of January 1, 2016 (“Effective Date”).  The Agreement shall be in effect through December 31, 2019, and shall continue automatically for successive Agreement Periods of twelve (12) months each, unless it is discontinued earlier in accordance with section 11 of the Agreement.

ARTICLE III
COOPERATION

Section 2.1    Cooperation.  The Parties agree to execute such further documents and to take such further actions as may be necessary to implement and carry out the terms and conditions of this Amendment. 

	
			
	 
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Section 2.2     Publicity. The parties acknowledge and agree that the terms and conditions of this Amendment and the Letter of Agreement dated August 28, 2015, including the existence thereof, are subject to the provisions of section 5(e) of the Administrative Services Agreement.

Article IV
EFFECTIVE DATE OF AMENDMENT

Section 3.1  Effective Date.  This Amendment shall be effective as of January 1, 2016, unless otherwise stated herein.

[The balance of this page intentionally is left blank.  The signature page follows.]

	
			
	 
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IN WITNESS WHEREOF, the parties have caused this Amendment to the Administrative Services Agreement to be executed as of the date set forth in the preamble.

INSPERITY HOLDINGS, INC.             UNITED HEALTHCARE INSURANCE                                 COMPANY
By:      /s/ Richard G. Rawson            By:      /s/ Anthony R. Carr            
Authorized Signature                    Authorized Signature

Name         Richard G. Rawson            Name     Anthony R. Carr             

Title         President                Title     National Vice President, PEO        

Date         June 8, 2016                Date     June 10, 2016                

	
			
	 
	9Exhibit

EXHIBIT 10.1

ELECTRONIC ARTS INC.
EXECUTIVE BONUS PLAN
Amended by the Board of Directors on May 19, 2016
Effective April 3, 2016
As Amended by the Stockholders on July 28, 2016

		
	1.
	Purpose.  The purpose of this Plan is to provide certain employees of the Company and its subsidiaries with incentive compensation based upon the level of achievement of financial, business and other performance criteria.  This Plan is intended to permit the payment of bonuses that may qualify as performance-based compensation under Code Section 162(m).

		
	2.
	Definitions.

		
	(a)
	“Affiliate” means any corporation or other entity (including, but not limited to, partnerships and joint ventures) controlled by the Company.

		
	(b)
	“Board” means the Board of Directors of the Company.

		
	(c)
	“Bonus” means a cash payment made pursuant to this Plan with respect to a particular Performance Period, determined pursuant to Section 8 below; provided, however, that a Bonus shall not be greater than an amount equal to three hundred percent (300%) of the Bonus Target, and notwithstanding the foregoing, in any event the Bonus shall not exceed $5,000,000 in any Fiscal Year.

		
	(d)
	“Bonus Target” shall mean a Bonus amount that may be paid if one hundred percent (100%) of all the applicable Performance Measures are achieved at target in the Performance Period.  The Bonus Target shall be equal to a fixed percentage of the Participant’s base salary for such Performance Period, and such fixed percentage shall not exceed two hundred percent (200%) of a Participant’s base pay.  Such percentage shall be determined by the Committee prior to the Predetermination Date.

		
	(e)
	“Bonus Formula” means as to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of targeted goals for the selected Performance Measures.  The formula may differ from Participant to Participant or business group to business group.  The Bonus Formula shall be of such a nature that an objective third party having knowledge of all the relevant facts could determine whether targeted goals for the Performance Measures have been achieved.

		
	(f)
	“Code” means the United States Internal Revenue Code of 1986, as amended.

		
	(g)
	“Company” means Electronic Arts Inc., a Delaware corporation.

		
	(h)
	“Committee” means the Compensation Committee of the Board, or any other subcommittee of the Board or Compensation Committee, who shall be comprised solely of “outside directors” within the meaning of Code section 162(m).

		
	(i)
	“Fiscal Year” means the 52- or 53-week period that ends on the Saturday nearest March 31.

		
	(j)
	“Participant” means any senior executive of the Company or of an Affiliate who has been selected by the Committee to participate in the Plan for a given Performance Period.

		
	(k)
	“Performance-Based Compensation” means compensation that qualifies as “performance-based compensation” within the meaning of Code Section 162(m).

		
	(l)
	“Performance Measure” means any of the factors from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, in each case as specified by the Committee:  profit before tax; revenue (on an absolute basis or adjusted for currency effects); net revenue; earning (which may include earnings before interest and taxes, earning before taxes and net earnings); operating income; operating margin; operating profit; controllable operating profit, or net operating profit; net profit; gross margin; operating expenses or operating expenses as a percentage of revenue; net income; earning per share; total stockholder return; market share; return on assets or net assets; the company’s stock price; growth in stockholder value relative to a pre-determined index; return on equity; return on invested capital; cash flow (including free cash flow or operating cash flows); cash conversion cycle; economic value added; contract awards or backlog; overhead or other expense reduction; credit rating; strategic plan development and implementation; improvement in workforce diversity; customer indicators; new product invention or innovation; attainment of research and development milestones; improvements in productivity; attainment of objective operating goals and employee metrics.

		
	(m)
	“Performance Period” means any Fiscal Year or such other period as determined by the Committee.

		
	(n)
	“Plan” means this Electronic Arts Inc. Executive Bonus Plan.

		
	(o)
	“Predetermination Date” means, for a Performance Period, (i) the earlier of 90 days after commencement of the Performance Period or the expiration of 25% of the Performance Period, provided that the achievement of targeted goals under the selected Performance Measures for the Performance Period is substantially uncertain at such time; or (ii) such other date on which a performance goal is considered to be pre-established pursuant to Code Section 162(m).

		
	3.
	Eligibility.  Participants are eligible to participate in this Plan for a given Performance Period.

		
	4.
	Plan Administration.

		
	(a)
	The Committee shall be responsible for the requirements for qualifying compensation as Performance­Based Compensation.  Subject to the limitations on Committee discretion imposed under Code Section 162(m), the Committee shall have such powers as may be necessary to discharge its duties hereunder.  The Committee shall be responsible for the general 

administration and interpretation of this Plan and for carrying out its provisions, including the authority to construe and interpret the terms of this Plan, determine the manner and time of payment of any Bonuses, prescribe forms and procedures for purposes of Plan participation and distribution of Bonuses and adopt rules, regulations and to take such actions as it deems necessary or desirable for the proper administration of this Plan.  The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or part of its authority and powers under the Plan to one or more directors and/or officers of the Company; provided, however, that the Committee may not delegate its authority and/or powers with respect to awards that are intended to qualify as performance-based compensation under Section 162(m) of the Code.

		
	(b)
	Any rule or decision by the Committee or its delegate(s) that is not inconsistent with the provisions of this Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law.

		
	5.
	Term.  This Plan shall be effective as of April 1, 2012 and shall continue until the earlier of (i) a termination under Section 9 of this Plan, (ii) the date any stockholder approval requirement under Code Section 162(m) ceases to be met or (iii) the date that is five years after the stockholder meeting in fiscal 2017.

		
	6.
	Bonuses.  Prior to the Predetermination Date for a Performance Period, the Committee shall designate or approve in writing, the following:

		
	(a)
	Performance Period;

		
	(b)
	Positions or names of employees who will be Participants for the Performance Period;

		
	(c)
	Targeted goals for selected Performance Measures during the Performance Period;

		
	(d)
	Bonus Target for each Participant or group of Participants; and

		
	(e)
	Applicable Bonus Formula for each Participant, which may be for an individual Participant or a group of Participants.

		
	7.
	Determination of Amount of Bonus.

		
	(a)
	Calculation.  After the end of each Performance Period, the Committee shall certify in writing (to the extent required under Code Section 162(m)) the extent to which the targeted goals for the Performance Measures applicable to each Participant for the Performance Period were achieved or exceeded.  The Bonus for each Participant shall be determined by applying the Bonus Formula to the level of actual performance that has been certified by the Committee.  Notwithstanding any contrary provision of this Plan, the Committee, in its sole discretion, may eliminate or reduce the Bonus payable to any Participant below that which otherwise would be payable under the Bonus Formula.

The Committee may appropriately adjust any evaluation of performance under a Performance Measure to exclude any of the following events that occurs during a Performance Period: (A) the effects of currency fluctuations, (B) any or all items that are excluded from the calculation of non-GAAP earnings as reflected in any Electronic Arts press release and Form 

8-K filing relating to an earnings announcement, (C) asset write-downs, (D) litigation or claim judgments or settlements, (E) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results, (F) accruals for reorganization and restructuring programs, and (G) any other extraordinary or non-operational items.
		
	(b)
	Right to Receive Payment.  Each cash portion of a Bonus under this Plan shall be paid solely from general assets of the Company and its Affiliates.  This Plan is unfunded and unsecured; nothing in this Plan shall be construed to create a trust or to establish or evidence any Participant’s claim of any right to, or form of, payment of a Bonus other than as an unsecured general creditor with respect to any payment to which he or she may be entitled.  Except as may otherwise be provided for in Section 8 below, in the event a Participant terminates employment with the Company (or any Affiliate) prior to the end of a Performance Period he or she shall not be entitled to the payment of a Bonus for the applicable Performance Period.

		
	8.
	Payment of Bonuses.

		
	(a)
	Timing of Distributions.  The Company and its Affiliates shall distribute amounts payable to Participants as soon as is administratively practicable following the determination and written certification of the Committee for a Performance Period, but in no event later than two and one-half months after the end of the calendar year in which the Performance Period ends, except to the extent a Participant has made a timely election to defer the payment of all or any portion of such Bonus under the Electronic Arts Inc. Deferred Compensation Plan or any other Company approved deferred compensation plan or arrangement.

		
	(b)
	Payment.  The payment of a Bonus, if any (as determined by the Committee at the end of the Performance Period), with respect to a specific Performance Period requires that the employee be an active employee on the Company’s or its Affiliate’s payroll on the date that such Bonus is paid, subject to subsection (d), below.  Additionally, the Committee may make exceptions to the foregoing active employment requirement in the case of death or disability, or in the case of a corporate change in control, in each case as determined by the Committee.

		
	(c)
	The Bonus shall be payable in cash in a single lump sum.

		
	(d)
	Change in Status.  A Participant who has a change in status that results in being ineligible to participate in this Plan in a Performance Period may receive a prorated Bonus, if any (as determined by the Committee at the end of the Performance Period, in its sole discretion), under this Plan; the method in which a Bonus is prorated shall be determined by the Committee in its sole discretion.

		
	(e)
	Code Section 409A.  To the extent that any Bonus under the Plan is subject to Code Section 409A, the terms and administration of such Bonus shall comply with the provisions of such Section, applicable IRS guidance and, good faith reasonable interpretations thereof, and, to the extent necessary to achieve compliance, shall be modified, replaced, or terminated at the discretion of the Committee.

		
	9.
	Amendment and Termination.

		
	(a)
	The Committee may amend, modify, suspend or terminate this Plan, in whole or in part, at any time, including the adoption of amendments deemed necessary or desirable to correct any 

defect or to supply omitted data or to reconcile any inconsistency in this Plan or in any Bonus granted hereunder; provided, however, that no amendment, alteration, suspension or discontinuation shall be made which would (i) increase the amount of compensation payable pursuant to such Bonus, or (ii) cause compensation that is, or may become, payable hereunder to fail to qualify as Performance-Based Compensation. Notwithstanding the foregoing, the Committee may any amend, modify, suspend or terminate this Plan if any such action is required by law.  To the extent required under applicable law, including Code section 162(m), Plan amendments shall be subject to stockholder approval.  At no time before the actual distribution of funds to Participants under this Plan shall any Participant accrue any vested interest or right whatsoever under this Plan except as otherwise stated in this Plan.

		
	(b)
	In the case of Participants employed outside the United States, the Company or its Affiliate may vary the provisions of this Plan as deemed appropriate to conform with, as required by, or made desirable by, local laws, practices and procedures.

		
	10.
	Withholding.  Distributions pursuant to this Plan shall be subject to all applicable taxes and contributions required by law to be withheld in accordance with procedures established by the Company.

		
	11.
	No Additional Participant Rights.  The selection of an individual for participation in this Plan shall not give such Participant any right to be retained in the employ of the Company or any of its Affiliates, and the right of the Company and any such Affiliate to dismiss such Participant or to terminate any arrangement pursuant to which any such Participant provides services to the Company, with or without cause, is specifically reserved.  No person shall have claim to a Bonus under this Plan, except as otherwise provided for herein, or to continued participation under this Plan.  There is no obligation for uniformity of treatment of Participants under this Plan.  The benefits provided for Participants under this Plan shall be in addition to and shall in no way preclude other forms of compensation to or in respect of such Participants.  The employment of a Participant is terminable at the will of either party and, if such Participant is a party to an employment contract with the Company or one of its Affiliates, in accordance with the terms and conditions of the Participant’s employment agreement.

		
	12.
	Successors.  All obligations of the Company or its Affiliates under this Plan, with respect to awards granted hereunder, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company.

		
	13.
	Nonassignment.  The rights of a Participant under this Plan shall not be assignable or transferable by the Participant except by will or the laws of descent and distribution.

		
	14.
	Severability.  If any portion of this Plan is deemed to be in conflict with local law, that portion of the Plan, and that portion only, will be deemed void under local law.  All other provisions of the Plan will remain in effect Furthermore, if any provision of this Plan would cause Bonuses not to constitute Performance-Based Compensation, that provision shall be severed from, and shall be deemed not to be a part of, the Plan, but the other provisions hereof shall remain in full force and effect.

		
	15.
	Governing Law.  This Plan shall be governed by the laws of the State of Delaware.

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