Document:

Ex-10.39

 

Exhibit 10.39

STOCK OPTION AGREEMENT made as of the 17th day of September, 2004 between NATIONAL MEDICAL HEALTH CARD
SYSTEMS, INC., a Delaware corporation (the “Company”), and Tery Baskin (Optionee”).

WHEREAS, the Optionee is an employee of the Company or a subsidiary thereof;

WHEREAS, the Company desires to provide to the Optionee an additional incentive to promote the
success of the Company;

NOW, THEREFORE, in consideration of the foregoing, the Company hereby grants to the Optionee (the
“Grant”) the right and option to purchase Common Shares of the Company under and pursuant to the terms
and conditions of the 1999 Stock Option Plan (the “Plan”) and upon and subject to the following terms and
conditions:

     1. GRANT OF OPTION. The Company hereby grants to the Optionee the
right and option (the “Option”) to purchase fifteen thousand Common Shares of the Company
(the “Option Shares”) during the following periods:

          (a) All or any part of three thousand seven hundred and fifty (3,750)
Common Shares may be purchased during the period commencing one year from the date hereof and terminating
at 5:00 P.M. on September 17, 2014 (the “Expiration Date”).

          (b) All or any part of three thousand seven hundred and fifty (3,750)
Common Shares may be purchased during the period commencing two years from the date hereof and
terminating at 5:00 P.M. on the Expiration Date.

          (c) All or any part of three thousand seven hundred and fifty (3,750)
Common Shares may be purchased during the period commencing three years from the date
hereof and terminating at 5:00 P.M. on the Expiration Date.

          (d) All or any part of three thousand seven hundred and fifty (3,750)
Common Shares may be purchased during the period commencing four years from the date
hereof and terminating at 5:00 P.M. on the Expiration Date.

     2. NATURE OF OPTION. Such Options to purchase the Option Shares
are intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as
amended, relating to “incentive stock options”.

     3. EXERCISE PRICE. The exercise price of each of the Option Shares
shall be $25.10 (the “Option Price”).

     4. EXERCISE OF OPTIONS. The Option shall be exercised in
accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of
exercise (in the form annexed hereto as Exhibit A) and payment of the Option Price as provided
for in the Plan, the Company shall tender to the Optionee certificates issued in the Optionee’s
name evidencing the number of Option Shares covered thereby.

     5. TRANSFERABILITY. The Option shall not be transferable other than
by will or the laws of descent and distribution and, during the Optionee’s lifetime, shall not be
exercisable by any person other than the Optionee.

 

 

     6. CHANGE IN CONTROL. In the event of a Change in Control any Options
granted hereunder which have not vested as of the date of the Change in Control shall automatically vest on such date. Change of
Control shall mean, (i) the acquisition by any Person or Persons acting as a group (other than any existing shareholder of the
Company) of more than 50% of the Company’s outstanding voting stock; (ii) the merger of the Company with or into another corporation
where the Company is not the surviving entity; (iii) any reverse merger in which the Company’s shareholders immediately prior to the
merger do not have the right to elect a majority of the members of the Board of the surviving entity; or (iv) the sale of all or
substantially all of the assets of the Company.

     7. INCORPORATION BY REFERENCE. The terms and conditions of
the Plan are hereby incorporated by reference and made a part hereof.

     8. NOTICES. Any notice or other communication given hereunder shall
be deemed sufficient if in writing and hand delivered or sent by registered or certified mail, return
receipt requested, addressed to the Company, 26 Harbor Park Drive, Port Washington, New York
11050, Attention: Secretary and to the Optionee at the address indicated below. Notices shall be
deemed to have been given on the date of hand delivery or mailing, except notices of change of
address, which shall be deemed to have been given when received.

     9. BINDING EFFECT. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective legal representatives, successors and
assigns.

     10. ENTIRE AGREEMENT. This Agreement, together with the Plan,
contains the entire understanding of the parties hereto with respect to the subject matter hereof
and may be modified only by an instrument executed by the party sought to be charged.

     IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

	 	 	 	 	 
	 	NATIONAL MEDICAL HEALTH

CARD SYSTEMS, INC.

 	 
	 	By:  	/s/ Jim Smith
 	 
	 	 	Jim Smith, CEO 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	/s/ Terry Baskin
 	 
	 	Signature of Optionee 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	Terry Baskin
 	 
	 	Name of Optionee

 	 
	 	Address of Optionee 	 

 

 

	 	 	 	 	 

EXHIBIT A

NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC.

OPTION EXERCISE FORM

     The undersigned hereby irrevocably elects to exercise the within Option dated
_________ to the extent of
purchasing
____________ Common Shares of
National Medical Health Card Systems, Inc. The undersigned hereby makes a payment of
$______ in payment therefor.

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Name of Optionee 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Signature of Optionee 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Address of Holder 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	DateEx-(10)a

 

Exhibit (10)a.

GENESCO INC.

AMENDMENT NO. 1 TO AMENDED AND RESTATED

EVA INCENTIVE COMPENSATION PLAN

     THIS AMENDMENT NO. 1 TO THE AMENDED AND RESTATED EVA INCENTIVE COMPENSATION PLAN (the
“Amendment”) is hereby adopted by Genesco Inc., a Tennessee corporation (the “Company”) effective
as of August 22, 2007.

WITNESSETH:

     WHEREAS, the Company previously adopted the Amended and Restated EVA Incentive Compensation
Plan (the “Plan”);

     WHEREAS, the Company desires to amend the Plan such that no payments due thereunder would
cause any participant to incur any additional tax under Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”);

     WHEREAS, the Company has administered the Plan consistent with this Amendment during all
periods since January 1, 2005;

     NOW, THEREFORE, for the reasons set forth above, the Company hereby amends the Plan as
follows:

     1. Specification of Payment Date for Performance Awards. Article 9 of the Plan shall
be restated as follows:

“Any awards payable under the Plan (including awards with respect to participants who die,
are placed on medical leave of absence or voluntarily retire during the Plan Year), other
than the amount, if any, to be credited to the Bonus Bank, will be made in cash, net of
applicable withholding taxes, by the fifteenth day of the third month following the close of
the Plan Year, but in no event prior to the date on which the Company’s audited financial
statements for the Plan Year are reviewed by the audit committee of the Company’s board of
directors. The positive Bonus Bank balance will be paid in cash, net of applicable
withholding taxes, on the second and third anniversaries of the payment of the Declared
Bonus to which such amounts relate, subject to reduction as provided in Article 8 hereof.

     It is intended that (1) each installment of the payments provided under this Plan is a
separate “payment” for purposes of Section 409A (“Section 409A”) of the Internal Revenue
Code of 1986, as amended (the “Code”), and (2) that the payments satisfy, to the greatest
extent possible, the exemptions from the application of Section 409A provided under of
Treasury Regulation Sections 1.409A-1(b)(4), 1.409A-1(b)(9)(iii), and 1.409A-1(b)(9)(v).
Notwithstanding anything to the contrary in this Plan, if the

 

 

Company determines (i) that on
the date a participant’s employment with the Company
terminates or at such other time that the Company determines to be relevant, the participant
is a “specified employee” (as such term is defined under Section 409A) of the Company and
(ii) that any payments to be provided to the participant pursuant to this Plan are or may
become subject to the additional tax under Section 409A(a)(1)(B) of the Code or any other
taxes or penalties imposed under Section 409A of the Code (“Section 409A Taxes”) if provided
at the time otherwise required under this Plan then (A) such payments shall be delayed until
the date that is six months after date of the participant’s “separation from service” (as
such term is defined under Section 409A of the Code) with the Company, or such shorter
period that, as determined by the Company, is sufficient to avoid the imposition of Section
409A Taxes (the “Payment Delay Period”) and (B) such payments shall be increased by an
amount equal to interest on such payments for the Payment Delay Period at a rate equal to
the prime rate in effect as of the date the payment was first due (for this purpose, the
prime rate will be based on the rate published from time to time in The Wall Street
Journal).”

2Ex-(10)b

 

Exhibit (10)b.

GENESCO INC.

AMENDMENT NO. 3 TO DEFERRED INCOME PLAN

     THIS AMENDMENT NO. 3 TO THE DEFERRED INCOME PLAN (the “Amendment”) is hereby adopted by
Genesco Inc., a Tennessee corporation (the “Company”), effective as of August 22, 2007.

WITNESSETH:

     WHEREAS, the Company previously adopted the Genesco Inc. Deferred Income Plan (the “Plan”);

     WHEREAS, the Company desires to amend the Plan such that no payments due thereunder would
cause any participant to incur any additional tax under Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”);

     WHEREAS, the Company has administered the Plan consistent with this Amendment during all
periods since January 1, 2005;

     NOW, THEREFORE, for the reasons set forth above, the Company hereby amends the Plan as
follows:

     1. Definition of Disability. Section 1.18 shall be restated as follows:

“1.18
“Disability” shall mean the Executive (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months or (ii) is, by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can
be expected to last for a continuous period of not less than twelve (12) months, receiving
income replacement benefits for a period of not less than three (3) months under an accident
and health plan sponsored by the Company and which covers the Executive.”

     2. Definition of Deferral Agreement. The last sentence of Section 1.19 shall be
restated as follows:

“Changes in the amount of the deferral, the benefit distribution date and/or the form of the
distribution can be effective no earlier than as of the beginning of the first Plan Year
following the date on which such changes are received by the Committee or its designee.”

     3. Definition of Financial Emergency. Section 1.25 shall be restated as follows:

“1.25 “Financial Emergency” means an event which results (or will result) in severe
financial hardship to the Participant as a consequence of an illness or accident of the

 

 

Participant, the Participant’s spouse, the Participant’s Beneficiary or the Participant’s
dependent (as determined under Section 152 of the Code, without regard to Sections
152(b)(1), (b)(2) and (d)(1)(B)) or loss of the Participant’s property due to casualty or
other similar extraordinary and unforeseen circumstances beyond the control of the
Participant. Examples of events that are not considered to be a Financial Emergency include
the need to send a Participant’s child to college and the desire to purchase a house.”

     4. Deferral Elections. The first sentence of Section 3.1(a) shall be restated as
follows:

“A Participant may make an election to defer the receipt of amounts payable to the
Participant, in the form of Director Fees or Compensation, with respect to any Plan Year;
provided that any such election must be irrevocably made by December 31 of the Plan Year
preceding the Plan Year to which the election shall relate; provided further, in the case of
the first year in which a Participant becomes eligible to participate in the Plan, the
Participant may make an irrevocable initial deferral election within 30 days after the date
the Participant becomes eligible to participate in the Plan, with respect to compensation
paid for services to be performed after the election.”

“Subject to the previous sentence,” shall be inserted at the beginning of the second
sentence of Section 3.1(a).

     5. Suspension of Deferral Upon Financial Emergency. The last sentence of Section 4.1
shall be restated as follows:

“If the petition for a suspension is approved, suspension shall commence upon the date of
approval and shall continue until the end of the Plan Year. All determinations pursuant to
this Section 4.1 shall be made consistent with Section 409A of the Code and the regulations
promulgated thereunder.”

     6. Effect of Section 409A of the Code. Article IX shall be recaptioned “FORM OF
DISTRIBUTIONS; PAYMENT DELAYS. The parenthetical in the first sentence of Section 9.1 shall be
deleted. The following Section 9.2 shall be added to the Plan:

“9.2 Effect of Section 409A of the Code. It is intended that (1) each installment of the
payments provided under this Plan is a separate “payment” for purposes of Section 409A of
the Code (“Section 409A”), and (2) that the payments satisfy, to the greatest extent
possible, the exemptions from the application of Section 409A provided under Treasury
Regulation Sections 1.409A-1(b)(4), 1.409A-1(b)(9)(iii), and 1.409A-1(b)(9)(v).
Notwithstanding anything to the contrary in this Plan, if the Company determines (i) that on
the date a Participant’s employment with the Company terminates or at such other time that
the Company determines to be relevant, the Participant is a “specified employee” (as such
term is defined under Treasury Regulation Section 1.409A-1(i)(1)) of the Company and (ii)
that any payments to be provided to the Participant pursuant to this Plan are or may become
subject to the additional tax under Section 409A(a)(1)(B) of the Code or any other taxes or
penalties imposed under Section 409A of the Code (“Section 409A Taxes”) if provided at the
time otherwise required under this Plan, then such

2

 

payments shall be delayed until the date
that is six months after date of the Participant’s “separation from service” (as such term
is defined under Treasury Regulation Section
1.409A-1(h)) with the Company, or such shorter period that, as determined by the Company, is
sufficient to avoid the imposition of Section 409A Taxes.”

     7. No Suspension of Plan. The second and fourth sentences of Section 11.1 shall be
deleted. All other references to a suspension of the Plan shall be deleted.

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]