Document:

Letter Agreement by and between Boston Private Financial Holdings, Inc

 Exhibit 10.1 
 PERSONAL & CONFIDENTIAL 
 July 3, 2007 
 Mr. David J. Kaye 
 [Address] 

Re: Offer of Employment 
 Dear David:

 As we discussed over the weekend, I am thrilled to be formally offering you a position with Boston Private Financial Holdings, Inc. For so
many reasons, we really believe this position will be a terrific fit for you, and that you will bring enormous value and perspective to our team—all the members of which are very excited about the prospect of you joining us! The purpose of this
letter is to confirm in writing the terms of our offer. 
 Your position will be that of Executive Vice President and Chief Financial
Officer, reporting directly to me as CEO of Boston Private. 
 Base Salary: Your initial base salary will be an annualized rate
of $300,000 to be paid on a bi-weekly basis. You will be reviewed for a salary merit increase and for performance against corporate and personal goals and objectives on an annual basis beginning in December, 2007. 
 Performance Bonus: Additionally, you would be eligible for an annual discretionary cash bonus ranging from 0%-100% of base salary, with a $300,000
guarantee for 2007 (pro-rated) and for the full year 2008. 
 Equity Award: Finally, you will be eligible to participate in the
Company’s annual restricted stock and options program. This “equity” award (a combination of 50% BPFH stock and 50% BPFH Stock Options) will have a value of not less that $250,000. This program will commence immediately for you
with a pro-rated share in 2007 and of course continue in 2008 thereafter.
 Further, we will award you a “signing bonus” consisting of
three components: 
  

	 	1.	An immediate payment of $125,000 in cash on your start date. 

  

	 	2.	A grant of BPFH stock on August 15, 2007, with a value of $100,000, vested evenly over three years. 

  

	 	3.	A second grant of BPFH stock on August 15, 2008, also worth $100,000, also vested evenly over three years. 

 Letter to Mr. David Kaye 
 July 3, 2007 
  Page
 2
 
  

 (Note: During vesting period, you will receive the dividends on all these shares and be
able to vote them.) 
 You will receive a benefit package which includes, but is not limited to, group health insurance and group dental
insurance; an Employee Stock Purchase Plan allowing you to purchase BPFH stock at a 15% discount through payroll deductions; and $50,000 of life-insurance coverage with the ability to purchase up to twice your annual salary (maximum
$500,000). Most benefits become available on the first of the month after you join the Company. You will be eligible to participate in the Company’s 401(K) Plan the first day of the quarter following your date of hire. 
 Additionally, the Company has established a “Time Bank” for your use when taking vacation, sick or personal time off. As an officer, the
initial time bank allowance is 23 days per calendar year available on January 1 of each year. Starting in 2008, one time bank day will be added to your base each January 1 up to a base maximum of 33 days per calendar year.

 I understand you will be on vacation for the week of July 23rd. Therefore, your start date at Boston Private will be on Monday, July 30th. 
 I hope I was able to convey the excitement that the entire executive team here at Boston Private feels at the prospect of your joining us. You were our unanimous choice (not an easy feat in this
group!) for the position. As you know from our meetings, we are in the midst of a very dynamic and interesting time, with enormous opportunities to really set the stage for where we will be as a Company in the next five to ten years. We hope you
will see this offer as your chance to make a true impact on the future of this fabulous Company, and to become a member of a very special team. 
 Please call me at the office or at home if you have any questions on any of the terms discussed in this letter. In addition, our HR Director, Gerry Raphel, is also available to answer any questions you might have. 
  

	
	Sincerely,
	
	 /s/ Timothy L. Vaill

	Timothy L. Vaill
	Chief Executive Officer
	
	CC: Gerry Raphel

 I accept this offer: 
  

									
	Signature:	 	 /s/ David J. Kaye
	 		 	Date:	 	 July 3, 2007

		 	David J. KayeAmendment No. 1 and Waiver to Credit Agreement

 Exhibit 10.2 
 AMENDMENT NO. 1 AND WAIVER 
 TO 
 CREDIT AGREEMENT 
 This AMENDMENT NO. 1 AND WAIVER to CREDIT AGREEMENT (the “Amendment”), dated as of August 25, 2009, is entered into by and among Zebra Technologies Corporation (the “Borrower”), the below-defined
“Lenders” that are signatories hereto, and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Agent”). Each capitalized term used herein and not otherwise defined herein shall have the meaning given to it in the
below-defined Credit Agreement. 
 WITNESSETH 
 WHEREAS, the Borrower, the financial institutions from time to time party thereto as “Lenders” (the “Lenders”), and the Agent are parties to a Credit Agreement dated as of
August 14, 2008 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, the Borrower did not furnish to the Lenders and the Agent the certificate from an accounting firm required by Section 5.01(d) of the Credit Agreement for fiscal year 2008 (the “2008
Accounting Certificate Default”); 
 WHEREAS, the Borrower has requested that the Lenders and the Agent waive the 2008
Accounting Certificate Default, and that the Lenders and the Agent amend the Credit Agreement in certain respects; and 
 WHEREAS, the Lenders and the Agent are willing to provide such waiver and amend certain provisions of the Credit Agreement, in each case on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Amendment to Credit Agreement. Effective as of the date first above written, and subject to the satisfaction of the condition to effectiveness set forth in Section 3 below, Section 5.01(d) of the Credit Agreement is hereby
amended in its entirety as follows: 
 (d) concurrently with any delivery of financial statements under clause (a) above, a
certificate of the accounting firm that reported on such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements of any Default under or in respect of Section 6.11 hereof
(which certificate may be limited to the extent required by accounting rules or guidelines); 

 2. Waiver. Effective as of the date first above written, and subject to the
satisfaction of the condition to effectiveness set forth in Section 3 below, the Lenders and the Agent hereby waive the 2008 Accounting Certificate Default. This waiver shall not be deemed to constitute a waiver of any other Default or
Event of Default or any future breach of the Credit Agreement or any other Loan Document (including any future breach of Section 5.01(d)). The agreement to the terms hereof by the Agent and the Lenders shall not establish a custom or course of
dealing among the Agent, any Lender or the Borrower or any other Person. 
 3. Condition to Effectiveness. This Amendment
shall become effective and be deemed effective as of the date hereof, if, and only if, the Agent shall have received executed copies of this Amendment from the Borrower and the Required Lenders. 
 4. Representations and Warranties of the Borrower. The Borrower hereby represents and warrants as follows: 
 (a) The Credit Agreement, as previously executed and as amended and modified hereby, constitutes a legal, valid and binding obligation of
the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law. 
 (b) Upon the effectiveness of this Amendment, and giving effect to
the waiver provided hereby, (i) no Default or Event of Default has occurred and is continuing under the terms of the Credit Agreement, (ii) the Borrower hereby reaffirms its obligations and liabilities under the Credit Agreement (as
amended hereby) and the other Loan Documents and (iii) all representations and warranties in the Credit Agreement are true and correct in all material respects as of the date hereof, other than those which expressly speak to an earlier date (in
which case, the Borrower represents and warrants that such representations and warranties were true and correct in all material respects as of such earlier date). 
 5. Effect on the Credit Agreement. 
 (a) Upon the effectiveness of this
Amendment, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Credit
Agreement, as amended and modified hereby. 
 (b) Except as specifically amended and modified above, the Credit Agreement and
all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect, and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall neither, except as expressly provided herein, operate as a waiver of
any right, power or remedy of the Lenders or the Agent, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document. 
  

 2 

 6. Costs and Expenses. The Borrower agrees to pay all reasonable costs, fees and
out-of-pocket expenses (including attorneys’ fees and expenses charged to the Agent) incurred by the Agent in connection with the preparation, arrangement and execution of this Amendment. 
 7. Governing Law. This Amendment shall be governed by and construed in accordance with the internal laws (as opposed to the
conflicts of law provisions) of the State of New York. 
 8. Headings. Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
 9.
Counterparts. This Amendment may be executed by one or more of the parties to the Amendment on any number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A
facsimile copy of any signature hereto shall have the same effect as the original of such signature. 
 10. No Strict
Construction. The parties hereto have participated jointly in the negotiation and drafting of this Amendment. In the event an ambiguity or question of intent or interpretation arises, this Amendment shall be construed as if drafted jointly by
the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Amendment. 
 11. Subsidiary Guaranty Reaffirmation. By its execution hereof, each Subsidiary Guarantor reaffirms the terms and conditions of the Subsidiary Guaranty and each other Loan Document executed by it,
and acknowledges and agrees that the Subsidiary Guaranty and each other Loan Document executed by it remains in full force and effect, gives effect to this Amendment, and is hereby ratified, reaffirmed and confirmed. 
 The remainder of this page is intentionally blank. 
  

 3 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

									
	ZEBRA TECHNOLOGIES CORPORATION, as the Borrower	 		 	ZEBRA ENTERPRISE SOLUTIONS LLC (f/k/a NAVIS LLC), as a Subsidiary Guarantor
					
	By:	 	 /s/ Michael Smiley
	 		 	By:	 	 /s/ Michael Smiley

	Name:	 	Michael Smiley	 		 	Name:	 	Michael Smiley
	Title:	 	Chief Financial Officer	 		 	Title:	 	Vice President and Treasurer
			
	ZEBRA ENTERPRISE SOLUTIONS CORP. (f/k/a WHERENET CORP.), as a Subsidiary Guarantor	 		 	ZEBRA TECHNOLOGIES INTERNATIONAL, LLC, as a Subsidiary Guarantor
					
	By:	 	 /s/ Todd Naughton
	 		 	By:	 	 /s/ Todd Naughton

	Name:	 	Todd Naughton	 		 	Name:	 	Todd Naughton
	Title:	 	Vice President and Treasurer	 		 	Title:	 	Vice President and Treasurer
			
	ZIH CORP., as a Subsidiary Guarantor	 		 	ZEBRA ENTERPRISE SOLUTIONS HOLDINGS LLC (f/k/a NAVIS HOLDINGS, LLC), as a Subsidiary Guarantor
					
	By:	 	 /s/ Noel Elfant
	 		 	By:	 	 /s/ Michael Smiley

	Name:	 	Noel Elfant	 		 	Name:	 	Michael Smiley
	Title:	 	Vice President and Secretary	 		 	Title:	 	Vice President and Treasurer

  

 Signature Page to Amendment No. 1 and Waiver 
 Zebra Technologies 

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent, as a Lender, as the Swingline Lender and as the Issuing Bank
		
	By:	 	 /s/ Nathan Margol

		 	Name: Nathan Margol
		 	Title: Vice President

  

 Signature Page to Amendment No. 1 and Waiver 
 Zebra Technologies 

					
	THE NORTHERN TRUST COMPANY, as a Lender
		
	By:	 	 /s/ Cliff Hoppe

		 	Name:	 	Cliff Hoppe
		 	Title:	 	Second Vice President

  

 Signature Page to Amendment No. 1 and Waiver 
 Zebra Technologies 

					
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Megan Collins

		 	Name:	 	Megan Collins
		 	Title:	 	Vice President

  

 Signature Page to Amendment No. 1 and Waiver 
 Zebra Technologies 

					
	WELLS FARGO BANK, N.A., as a Lender
		
	By:	 	 /s/ Edmund H. Lester

		 	Name:	 	Edmund H. Lester
		 	Title:	 	Senior Vice President

  

 Signature Page to Amendment No. 1 and Waiver 
 Zebra Technologies 

					
	RBS CITIZENS, N.A., as a Lender
		
	By:	 	 /s/ David B. Beatty

		 	Name:	 	David B. Beatty
		 	Title:	 	Vice President

  

 Signature Page to Amendment No. 1 and Waiver 
 Zebra Technologies

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