Document:

Amendment No. 3 to the Rewards Network Inc. 2006 Non-Employee Director Awards

  
 Exhibit 10.8

 AMENDMENT NUMBER THREE 
 TO THE 
 REWARDS NETWORK INC. 

2006 NON-EMPLOYEE DIRECTOR AWARDS PROGRAM 
 WHEREAS, Rewards Network Inc., a Delaware corporation (the “Corporation”), has heretofore adopted and maintains the Rewards Network Inc. 2006 Non-Employee Director Awards Program (the
“Program”); and 
 WHEREAS, the Board of Directors of the Corporation has retained the power to amend the Program.

 NOW THEREFORE, pursuant to the power of amendment contained in Section 8.3 of the Program, the Program is hereby
amended, effective as of the date hereof, as follows: 
 1. The definition of “Plan” in Article II of the Program is
hereby amended in its entirety to read as follows: 
 “Plan” means the Corporation’s 2006 Long-Term Incentive
Plan, as the same may be amended from time to time. 
 IN WITNESS WHEREOF, the Corporation has caused this instrument to be
executed by its duly authorized officer on this 16th day of August, 2010. 
  

	
	REWARDS NETWORK INC.
	
	By:    /s/ Ronald L. Blake
	Name: Ronald L. Blake
	Title: President and CEOAmendment No. 2 to Employment Agreement

  
 Exhibit 10.9

 AMENDMENT NUMBER TWO TO 
 EMPLOYMENT AGREEMENT 
 WHEREAS, Rewards Network Inc. (the
“Corporation”) and Ronald L. Blake (the “Executive”) have heretofore entered into an Employment Agreement dated as of September 13, 2005, which was previously amended effective as of January 1, 2009 (the
“Agreement”); and 
 WHEREAS, the Corporation and the Executive desire to further amend the Agreement. 

NOW, THEREFORE, pursuant to Section 21 of the Agreement, the Agreement is hereby amended as follows, effective as of the date
hereof: 
 1. Section 5 of the Agreement is hereby amended in its entirety to read as follows: 

“5. Definition of Change in Control. For purposes of this Agreement, “Change in Control” shall have the meaning set
forth in the Corporation’s 2006 Long-Term Incentive Plan, as the same may be amended from time to time.” 
 IN WITNESS
WHEREOF, the Corporation has caused this instrument to be executed by its duly authorized officer and the Executive has executed this instrument as of this 16th day of August, 2010. 

 

			
	REWARDS NETWORK INC.
		
	By:	 	   /s/ Roya Behnia

	Name:  Roya Behnia
	Title:  SVP, General Counsel and Secretary
	
	 /s/ Ronald L. Blake

	Ronald L. BlakeAmendment No. 2 to Offer Letter

  
 Exhibit 10.10

 AMENDMENT NUMBER TWO 
 TO OFFER LETTER 
 This Amendment Number Two is effective as of
August 16, 2010, by and between Rewards Network Inc., a Delaware corporation (the “Corporation”), and Roya Behnia (“Executive”), and hereby amends the Offer Letter dated August 3, 2006 by and between the Corporation and
Executive, which was previously amended effective January 1, 2009 (the “Offer Letter”). 
 I. 

The Offer Letter is hereby amended to provide that for all purposes under the Offer Letter, a “Change in
Control” shall be deemed to have occurred if a “Change in Control” occurs for purposes of the Corporation’s 2006 Long-Term Incentive Plan, as the same may be amended from time to time. 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment Number Two as of the date first written above. 

 

			
	REWARDS NETWORK INC.
		
	By:	 	       /s/ Ronald L. Blake

	Name:  Ronald L. Blake
	Title:  President and CEO
	
	               /s/ Roya
Behnia

	Roya BehniaAmendment No. 2 to Severance Agreement

  
 Exhibit 10.11

 AMENDMENT NUMBER TWO 
 TO SEVERANCE AGREEMENT 
 This Amendment Number Two is effective as of
August 16, 2010, by and between Rewards Network Inc., a Delaware corporation (the “Corporation”), and Christopher J. Locke (“Executive”), and hereby amends the Severance Agreement dated November 7, 2007 by and between
the Corporation and Executive, which was previously amended effective January 1, 2009 (the “Agreement”). 
 I.

 The Agreement is hereby amended to provide that for all purposes under the Agreement, a “Change in
Control” shall be deemed to have occurred if a “Change in Control” occurs for purposes of the Corporation’s 2006 Long-Term Incentive Plan, as the same may be amended from time to time. 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment Number Two as of the date first written above. 

 

			
	REWARDS NETWORK INC.
		
	By:	 	       /s/ Ronald L. Blake

	Name:  Ronald L. Blake
	Title:  President and CEO
	
	               /s/
Christopher J. Locke

	Christopher J. LockeAmendment No. 2 to Severance, Proprietary Interest Protection Agreement

  
 Exhibit 10.12

 AMENDMENT NUMBER TWO TO 
 SEVERANCE, PROPRIETARY INTEREST 
 PROTECTION AND NON-SOLICITATION
AGREEMENT 
 WHEREAS, Rewards Network Services Inc. (the “Company”) and Megan E. Flynn (the “Executive”)
have heretofore entered into a Severance, Proprietary Interest Protection and Non-Solicitation Agreement dated as of March 18, 2005, which was previously amended effective as of January 1, 2009 (the “Agreement”); and 

WHEREAS, the Company and the Executive desire to further amend the Agreement. 

NOW, THEREFORE, pursuant to Section 13 of the Agreement, Section 1(c)(i) of the Agreement is hereby amended in its entirety to
read as follows: 
 “(i) a diminution in Executive’s duties resulting from a Change in Control (as such term is defined
in the Company’s 2006 Long-Term Incentive Plan, as the same may be amended from time to time),” 
 IN WITNESS WHEREOF,
the Company has caused this instrument to be executed by its duly authorized officer and the Executive has executed this instrument as of the 16th day of August, 2010. 

 

			
	REWARDS NETWORK INC.
		
	By:	 	       /s/ Ronald L. Blake

	Name:  Ronald L. Blake
	Title:  President and CEO
	
	               /s/
Megan E. Flynn

	Megan E. FlynnOffer Letter between Rewards Network, Inc. and Andre L. Zardini

 Exhibit 10.13 

 

 

 August 12, 2010 
 Mr. Andre Zardini 
 2704 Boddington Lane 

Naperville, Illinois 60564 
  

	 	Re:	Employment with Rewards Network 

 Dear
Mr. Zardini: 
 We are pleased to offer you employment with Rewards Network Inc. (“Rewards Network”) as Senior
Vice President, Chief Information Officer. In this position, you will report to me. Should you accept this offer, your start date will be August 30 and your gross annual salary initially will be $200,000.00 generally payable in biweekly
installments of $7,692.30 (less any withholdings and deductions required by law or authorized by you). Salary is reviewed on an annual basis. 
 In 2010 and beyond, you will be entitled to participate in the senior management cash bonus program, the specific terms of which are approved annually by the Compensation Committee of the Board of
Directors. For the 2010 bonus program, you will be eligible for a bonus that is equal to up to 40% of your annual base salary pro rated for the amount of actual time employed by Rewards Network during 2010. In 2011 and beyond, you also will be
eligible to participate in the 2006 Long Term Incentive Plan with a grant target equivalent of 65% of your salary, pro-rated for the amount of actual time employed by Rewards Network during 2010 as approved by the Compensation Committee. 

Furthermore, you will be eligible to participate in such Rewards Network’s employee benefit plans and policies including plans and
policies relating to health, life, severance, 401(k) Plan, disability, etc. benefits that Rewards Network may make available generally to its employees in comparable positions, subject to the terms and conditions of any such plans and policies as
they may exist from time to time. Paid Time Off (PTO) is accrued depending upon your position and length of service with the Company. You will begin accruing a prorated portion of your annual PTO allowance of 24 days upon starting with Rewards
Network. Rewards Network reserves the right to modify, amend, suspend, or terminate any or all such management bonus program, incentive compensation and employee benefit plans and polices at any time. 

Please note that the purpose of this letter is merely to describe the terms of our offer. This letter does not constitute a contract of
employment and does not create any right to continued employment for any period of time. If you accept this offer, your employment with Rewards Network at all times will be “at will”. This means that your employment may end at any time
with or without cause at the sole discretion of either Rewards Network or you. 

 Mr. Andre Zardini 
 August 12, 2010 
 Page 2 

If your employment with Rewards Network is terminated by Rewards Network for any reason other than Cause (as defined below), disability
or death, or you voluntarily terminate your employment by Rewards Network with Good Reason upon 30 days prior written notice to Rewards Network (or such shorter period as may be permitted by the Board of Directors), your entitlement to compensation
and benefits shall cease immediately, except that you will be entitled to: 
  

	 	(i)	continuation of your then-current base salary for a period of 12 months after the date on which you separate from service with Rewards Network (your “separation
date”); 

  

	 	(ii)	continued coverage of you and your spouse and dependents under Rewards Network’s group health plan for 12 months after your separation date, at no cost to you but
otherwise on the same basis as such plan is offered to active employees of Rewards Network, and following the expiration of such period the right to elect continued coverage under such plan for up to 18 additional months pursuant to COBRA; and

  

	 	(iii)	the continued right to exercise any outstanding vested options held by you to purchase shares of Common Stock for a period of 90 days after the effective date of your
separation date, but in no event later than the date on which any such options would have expired if you had remained employed during such 90-day period. 

 You will not be entitled to the foregoing in the event your employment terminates for any other reason. As used in this Agreement, a voluntary termination of your employment with “Good Reason”
shall mean a termination by you of your employment with Rewards Network pursuant to a written notice delivered to Rewards Network within 30 days after the occurrence of either of the following events without your written consent; provided, that an
action or failure which is remedied by Rewards Network within 90 days after receipt of such notice given by you shall not constitute Good Reason: (i) a diminution in your duties resulting from a Change in Control, or (ii) a material
diminution in your duties and responsibilities that is inconsistent with your position as Senior Vice President, Chief Information Officer, which shall not include an adverse change in your reporting responsibilities. 

The severance payments provided hereunder shall be made in lieu of any other severance payments under any severance agreement, plan,
program or arrangement of Rewards Network that may be applicable to you. This Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be
interpreted and construed consistently with such intent. The payments to you pursuant to this Agreement are also intended to be exempt from Section 409A of the Code to the maximum extent possible, under either the separation pay exemption
pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4). In the event the terms of this Agreement would subject you to taxes or penalties under Section 409A of
the Code (“409A Penalties”), Rewards Network and you shall cooperate diligently to amend the terms of this Agreement to avoid such 409A Penalties, to the extent possible. To the 

 
Mr. Andre Zardini 
 August 12, 2010 

Page 3 
 extent any amounts under this Agreement
are payable by reference to your “termination of employment,” such term shall be deemed to refer to your “separation from service,” within the meaning of Section 409A of the Code. Notwithstanding any other provision in this
Agreement, if you are a “specified employee,” as defined in Section 409A of the Code, as of the date of your separation from service, then to the extent any amount payable under this Agreement (i) constitutes the payment of
nonqualified deferred compensation, within the meaning of Section 409A of the Code, (ii) is payable upon your separation from service and (iii) under the terms of this Agreement would be payable prior to the six-month anniversary of
your separation from service, such payment shall be delayed until the earlier to occur of (a) the six-month anniversary of the separation from service or (b) the date of your death. Any in-kind benefit provided during a calendar year shall
not affect the in-kind benefit to be provided during any other calendar year. The right to any in-kind benefit pursuant to this Agreement shall not be subject to liquidation or exchange for any other benefit. 

Notwithstanding anything to the contrary, no amount shall be payable to you (or your executor or other legal representative in the case
of your death or disability) under this Agreement unless and until eight days after you (or your executor or other legal representative in the case of your death or disability) execute and deliver to Rewards Network a general waiver and release of
claims against Rewards Network and its affiliates (other than any claims related to the enforcement of your rights under this Agreement) in a form prescribed by Rewards Network; provided such release (A) is executed and delivered to
Rewards Network within 22 days of your separation from service, or such longer period of time, not later than 45 days of your separation from service, as permitted by the Board of Directors in its sole discretion and (B) is not revoked by you
(or your executor or other legal representative in the case of your death or disability) within the revocation period, if any, made available by Rewards Network with respect to such release. 

For all purposes under this Offer Letter, a “Change in Control” shall be deemed to have occurred if a “Change in
Control” occurs for purposes of the Corporation’s 2006 Long-Term Incentive Plan, as the same may be amended from time to time. 
 For purposes of this Agreement, the term “Cause” shall mean any one or more of the following: 
  

	 	(i)	any willful refusal by you to follow lawful directives of the President and Chief Executive Officer or the Board of Directors which are consistent with the scope and
nature of your duties and responsibilities; provided that an isolated, insubstantial or inadvertent action or failure which is remedied by you within 10 days after written notice from the President and Chief Executive Officer or the Board of
Directors shall not constitute Cause hereunder; 

  

	 	(ii)	your conviction of, or plea of guilty or nolo contendere to, a felony or of any crime involving moral turpitude, fraud or embezzlement; 

 

	 	(iii)	any gross negligence or willful misconduct by you resulting in a material loss to Rewards Network or any of its subsidiaries, or material damage to the reputation of
Rewards Network or any of its subsidiaries; 

  
 Mr. Andre Zardini 

August 12, 2010 
 Page 4 

 

	 	(iv)	any material breach by you of any one or more of the covenants contained in your Proprietary Interest Protection and Non-Solicitation Agreement; or

  

	 	(v)	any violation of any statutory or common law duty of loyalty to Rewards Network or any of its subsidiaries. 

As a condition of employment with Rewards Network, you will be required to sign a Proprietary Interest Protection and Non-Solicitation
Agreement. We also are extending this offer to you on the condition that you not use or disclose to Rewards Network any confidential information of anyone that you previously worked for, and with the understanding that your Rewards Network
employment will not violate or be restricted by any non-competition or other agreement with anyone else. If this is not the case, please inform us immediately. 
 We congratulate you on your offer and sincerely hope that you will accept. 
 To
indicate your acceptance should you decide to do so, please sign this letter and the attached Proprietary Interest Protection and Non-Solicitation Agreement where indicated and return them to me. In the meantime, please do not hesitate to call me
should you have any questions. 
  

	
	Very truly yours,
	
	/s/ Ronald L. Blake
	 Ronald L. Blake
 President
and Chief Executive Officer

 Enclosure 

	cc:	Personnel File 

  

	
	AGREED TO AND ACCEPTED:
	
	/s/ Andre Zardini
	Andre Zardini

 Dated: August 15, 2010

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}]]