Document:

Exhibit 1055

		

			Exhibit 10.55

		

		

			 

		

		
			SERVICEMASTER GLOBAL HOLDINGS, INC.
		

		
			EMPLOYEE STOCK PURCHASE PLAN
		

		
			As Amended and Restated
		

		
			Effective February 19, 2019
		

		
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			Article I
		

		
			Purpose
		

		
			The Board adopted, and the Company’s shareholders approved, the ServiceMaster Global Holdings, Inc. Employee Stock Purchase Plan (the “Plan”) in 2015 in order to provide Associates of the Company and its Subsidiaries with an opportunity to purchase Common Stock of the Company through payroll deductions.  The Plan initially was intended to qualify as an “employee stock purchase plan” under Section 423 of the Code.
		

		
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			Effective February 19, 2019, the Plan was amended and restated as set forth herein.  The provisions of the amended and restated Plan apply to each Offering Period that begins after February 19, 2019.  The Plan, as amended and restated herein, is not intended to qualify as an “employee stock purchase plan” under Section 423 of the Code.
		

		
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			Article II
		

		
			Definitions
		

		
			Definitions.  Whenever used herein, the following terms shall have the respective meanings set forth below:
		

		
			(a)    “Account” means an unfunded bookkeeping account maintained for each Participant for purposes of the Plan.  Each Account shall be credited with Contributions and Matching Contributions and shall be charged or reduced by the amount applied to the purchase of Shares pursuant to Share Purchase Rights.  Interest shall not be credited on any Account.
		

		
			(b)      “Acquisition Date” means the last business day of each Offering Period at which time the Shares subject to a Share Purchase Right granted under the Plan shall be purchased by or on behalf of the Participant.
		

		
			(c)    “Administrator” means, the Compensation Committee of the Board.  If the Board or such committee delegates administrative authority hereunder to any other person or group of persons pursuant to Section 10.2, such person or group of persons shall be deemed to be the Administrator hereunder to such extent, except that further delegation by such persons shall not be permitted hereunder.
		

		
			(d)    “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with, such Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act.
		

		
			(e)    “Associate” means any person who is employed by, who performs services for, and who is classified as an employee on the payroll records of, the Company or a Designated Subsidiary. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421‐1(h)(2). For purposes of this Plan, where the period of leave exceeds three (3) months and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three (3)‐month period.
		

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

		
			(g)    “Change in Control” means the first to occur of any of the following events after the Effective Date:
		

		
			(i)    the acquisition, directly or indirectly, by any person, entity or “group” (as defined in Section 13(d) of the Exchange Act) of beneficial ownership of more than 50% of the combined voting power of the Company’s then outstanding voting securities, other than any such acquisition by the 
		

		 

 

		
		

		
			Company, any of its Subsidiaries, any employee benefit plan of the Company or any of its Subsidiaries or any Affiliates of the foregoing;
		

		
			(ii)    the merger, consolidation or other similar transaction involving the Company, as a result of which persons who were holders of voting securities of the Company immediately prior to such merger, consolidation, or other similar transaction do not, immediately thereafter, beneficially own, directly or indirectly, more than 50% of the combined voting power entitled to vote generally in the election of directors of the merged or consolidated company;
		

		
			(iii)    within any 24‐month period, the persons who were directors of the Company at the beginning of such period (the “Incumbent Directors”) shall cease to constitute at least a majority of the Board, provided that any director elected or nominated for election to the Board by a majority of the Incumbent Directors still in office shall be deemed to be an Incumbent Director for purpose of this clause (iii);
		

		
			(iv)    the approval by the Company’s shareholders of the liquidation or dissolution of the Company other than a liquidation of the Company into any Subsidiary or a liquidation as a result of which persons who were stockholders of the Company immediately prior to such liquidation own, directly or indirectly, more than 50% of the combined voting power entitled to vote generally in the election of directors of the entity that holds substantially all of the assets of the Company following such event; or
		

		
			(v)    the sale, transfer or other disposition of all or substantially all of the assets of the Company to one or more persons or entities that are not, immediately prior to such sale, transfer or other disposition, Affiliates of the Company;
		

		
			in each case, provided that, as to any Share Repurchase Rights subject to Section 409A of the Code, such event also constitutes a “change in control” within the meaning of Section 409A of the Code. In addition, notwithstanding the foregoing, a Change in Control shall not be deemed to occur if the Company files for bankruptcy, liquidation or reorganization under the United States Bankruptcy Code or as a result of any restructuring that occurs as a result of any such proceeding.
		

		
			(h)    “Change in Control Date” means the first date as of which a Change in Control occurs.
		

		
			(i)    “Code” means the Internal Revenue Code of 1986, as amended.
		

		
			(j)    “Common Stock” means the common stock, par value $0.01 per share, of the Company and such other stock or securities into which such common stock is hereafter converted or for which such common stock is exchanged.
		

		
			(k)    “Company” means ServiceMaster Global Holdings, Inc., a Delaware corporation, and any successor thereto.
		

		
			(l)    “Compensation” means the base salary or wages and overtime of an Associate payable to the Associate during an Offering Period. Compensation shall be determined prior to the Associate’s pre‐tax contributions pursuant to Section 125 or 401(k) of the Code. If determined by the Administrator, other forms of compensation may be included in or excluded from the definition of Compensation.
		

		
			(m)    “Contribution” means the amount of an after‐tax payroll deduction an Associate has made, as set out in such Associate’s payroll deduction authorization form. If the Administrator so determines, a Contribution for Associates on a Company‐approved paid leave of absence shall include a cash contribution equal to the amount of the after‐tax payroll deduction an Associate would have made if such Associate had been receiving Compensation during the Company‐approved paid leave of absence.  
		

		
			(n)    “Designated Subsidiary” means the Subsidiary or Subsidiaries of the Company that have been designated from time to time by the Administrator in its sole discretion as eligible to participate in the Plan.
		

		
			(o)    “Effective Date” means April 27, 2015, the date on which the Plan was approved by the shareholders of the Company, which date was within twelve months after the date the Plan was approved by the Board.
		

		 

		

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			(p)    “Exchange Act” means the Securities Exchange Act of 1934, as amended.
		

		
			(q)    “Fair Market Value” of a Share as of any date of determination shall be:
		

		
			(i)    If the Common Stock is listed on any established stock exchange or a national market system and transactions in the Common Stock are available to the Company as of the immediately preceding trading date, then closing price on such immediately preceding trading date per Share as reported on such stock exchange or system shall be the Fair Market Value for the date of determination, rounded down to the nearest whole cent; or
		

		
			(ii)    If clause (i) shall not apply on any date of determination, then the Fair Market Value shall be determined in good faith by the Administrator with reference to (x) the most recent valuation of the Common Stock performed by an independent valuation consultant or appraiser of nationally recognized standing, if any, (y) sales prices of securities issued to investors in any recent arm’s length transactions and (z) any other factors determined to be relevant by the Administrator.
		

		
			(r)    “Matching Contribution” means a Company contribution to each Participant’s Account for each Offering Period in an amount determined by the Administrator or, in the absence of a determination by the Administrator, equal to ten percent of the Participant’s Contributions for the Offering Period.  The Matching Contribution shall be credited to the Participant’s Account as of the Acquisition Date.
		

		
			(s)    “Offer Date” means the first day of each Offering Period. Unless otherwise specified by the Administrator, the Offer Date shall be the first day of each month.
		

		
			(t)    “Offering Period” means a period of time specified by the Administrator, beginning on the Offer Date and ending on the Acquisition Date. Unless otherwise specified by the Administrator, the Offering Period shall be each month.
		

		
			(u)    “Participant” means an Associate who becomes a participant in the Plan pursuant to Article V.
		

		
			(v)    “Person” means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature.
		

		
			(w)    “Purchase Price” means the purchase price per Share subject to the Share Purchase Right determined pursuant to Section 6.3.
		

		
			(x)    “Securities Act” means the Securities Act of 1933, as amended.
		

		
			(y)    “Share” means a share of Common Stock.
		

		
			(z)    “Share Purchase Right” means a right that entitles the holder to purchase from the Company a stated number of Shares in accordance with, and subject to, the terms and conditions of the Plan.
		

		
			(aa)    “Subsidiary” of an entity means any corporation in an unbroken chain of corporations beginning with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.
		

		
			Article III
		

		
			Available Shares and Adjustments
		

		
			Section 3.1    Available Shares.  Subject to adjustments as provided in this Article III, the maximum number of Shares available for purchase under the Plan on or after the Effective Date is 1,000,000 Shares. Shares issued under the Plan may be authorized but unissued or reacquired Common Stock.
		

		

		

		 

		

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			Section 3.2    Adjustments.
		

		
			(a)    Changes in Capitalization.  If and to the extent necessary or appropriate to reflect any stock dividend, extraordinary dividend, stock split or share recombination or any recapitalization, merger, consolidation, exchange of shares, spin‐off, liquidation or dissolution of the Company or other similar transaction affecting the Company Common Stock (each, a “Corporate Event”), the Administrator shall, in such manner as it may deem equitable to prevent the diminution or enlargement or the rights of the Company and Participants hereunder by reason of such Corporate Event, adjust any or all of the number and kind of Shares (or other securities or property) with respect to which a Share Purchase Right may be granted under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 on the maximum number and kind of Shares that may be issued under the Plan). All determinations and adjustments made by the Administrator in good faith pursuant to this Section 3.2 shall be final and binding on the affected Participants and the Company. 
		

		
			(b)    Change in Control.  Notwithstanding any other provision of this Plan, in the event of a Change in Control of the Company, the Administrator, in its sole discretion, may take whatever action it deems necessary or appropriate in connection therewith, including, but not limited to (i) shortening any Offering Period then in progress such that the Acquisition Date is on or prior to the Change in Control Date, (ii) cancelling any Offering Period then in progress and refunding any amounts accumulated in a Participant’s Account, (iii) cancelling all outstanding Share Purchase Rights as of the Change in Control Date and paying each holder thereof an amount equal to the difference between the per Share Fair Market Value as of the Change in Control Date and the Purchase Price determined in accordance with Section 6.3, or (iv) for each outstanding Share Purchase Right, granting a substitute right to purchase shares in the manner described in Section 424 of the Code. Nothing in this Section 3.2(b) shall affect in any way the Company’s right to terminate the Plan at any time pursuant to Section 10.7 or 10.8.
		

		
			(c)    Insufficient Shares.  If the Administrator determines that, on a given Acquisition Date, the number of Shares that may be purchased under the outstanding Share Purchase Rights for the applicable Offering Period may exceed (i) the number of Shares that were available for issuance under the Plan on the Offer Date of the applicable Offering Period or (ii) the number of Shares available for sale under the Plan on such Acquisition Date, including but not limited to by reason of a limitation on the maximum number of Shares that may be purchased set by the Administrator pursuant to Section 6.2(a) or (b), the Administrator shall make a pro rata allocation of the Shares available for issuance on such Acquisition Date in as uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all Participants purchasing Shares on such Acquisition Date, and unless additional Shares are authorized for issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section 10.7 hereof. If the Plan is so terminated, then the balance of the amount credited to the Participant’s Account which has not been applied to the purchase of Shares shall be paid to such Participant in one lump sum in cash as soon as reasonably practicable without any interest thereon. The Company may make a pro rata allocation of the Shares available on the Offer Date of any applicable Offering Period pursuant to the first sentence of this section, notwithstanding any authorization of additional Shares for issuance under the Plan by the Company’s shareholders subsequent to such Offer Date.
		

		
			Article IV
		

		
			Eligibility
		

		
			Section 4.1    Eligible Associates.  Any person who is an Associate employed by the Company or a Designated Subsidiary as of the Offer Date for a given Offering Period shall be eligible to participate in the Plan for such Offering Period, subject to the requirements of this Article IV. Notwithstanding the foregoing, the Administrator may, on a prospective basis, (i) exclude from participation in the Plan Associates (a) whose customary employment is for 20 hours or less per week or for not more than five months per year or (b) who are citizens or residents of a non‐U.S. jurisdiction if grant of a Share Purchase Right under the Plan is prohibited under the laws of such non‐U.S. jurisdiction or compliance with the laws of such non‐U.S. jurisdiction would, in the sole discretion of the Adminstrator, impose unacceptable requirements or restrictions on the Company or with respect to the administration of the Plan and (ii) impose a generally applicable eligibility service requirement of up to two years of employment. The Administrator may also determine that a designated group of Associates who are highly compensated employees (within the meaning of Section 414(q) of the Code) are ineligible to participate in the Plan.
		

		
			Section 4.2    Five Percent Shareholders.  Notwithstanding any other provision of the Plan to the contrary, no Associate shall be eligible to participate in the Plan if, after giving effect to the grant of a Share Purchase Right in the next Offering Period, the Associate (or any other person whose stock would be attributed to the Associate pursuant to Section 424(d) of the Code) owns and/or holds Common Stock and outstanding rights to purchase Common Stock possessing, in the aggregate, five percent or more of the total combined voting power or value of all issued and outstanding stock of the Company.
		

		 

		

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			Section 4.3    Section 16.  Notwithstanding any other provision of the Plan to the contrary, no Associate shall be eligible to participate in the Plan for an Offering Period if on the Offer Date for the Offering Period the Associate is subject to Section 16 of the Exchange Act.
		

		
			Article V
		

		
			Participation
		

		
			Section 5.1    An eligible Associate may become a Participant in the Plan by completing a payroll deduction authorization form and any other required enrollment documents provided by the Administrator or its designee and submitting them to the Administrator or its designee in accordance with the rules established by the Administrator. The enrollment documents, which may be in electronic form, shall set forth the portion of the Participant’s Compensation, up to fifteen percent, including any minimum Contribution percentage and any minimum percentage increments, as may be prescribed by the Administrator to be deducted from Compensation and credited as Contributions pursuant to the Plan. An Associate’s payroll deduction authorization shall become effective on the Offer Date. Amounts deducted from a Participant’s Compensation pursuant to this Article V shall be credited to the Participant’s Account. No interest shall be payable on the amounts credited to the Participant’s Account.
		

		
			Section 5.2    A Participant’s election to participate in the Plan with respect to an Offering Period shall enroll such Participant in the Plan for each successive Offering period at the same payroll deduction percentage as in effect at the termination of the prior Offering Period, unless (i) such Participant delivers to the Company a different election with respect to the successive Offering Period by such time and in such manner as is designated by the Administrator for enrollment in the Plan for such successive Offering Period, (ii) such Participant withdraws from the Plan pursuant to Article IX or becomes ineligible for participation in the Plan or (iii) the Administrator determines that elections for all Participants shall cease at the end of an applicable Offering Period.
		

		
			Section 5.3    Each Associate who is granted a Share Purchase Right under the Plan for any Offering Period shall have the same rights and privileges as all other Associates granted Share Purchase Rights under the Plan for such Offering Period.
		

		
			Article VI
		

		
			Share Purchase Rights
		

		
			Section 6.1    Number of Shares.  Each Eligible Associate who on the Offer Date is a Participant participating in such Offering Period shall be granted a Share Purchase Right to purchase Shares on the Acquisition Date for such Offering Period. Subject to the limitations set forth in Section 6.2, the number of Shares subject to such Share Purchase Right shall be the number of whole Shares determined by dividing the Purchase Price into the balance credited to the Participant’s Account (including both Contributions and Matching Contributions) as of the Acquisition Date.
		

		
			Section 6.2    Limitation on Purchases.  Participant purchases are subject to adjustment as provided in Section 3.2(c) and to the following limitations:
		

		
			(a)    Offering Period Limitation.  Subject to the calendar year limits provided in Section 6.2(b), the maximum value of Shares that a Participant shall have the right to purchase in any Offering Period pursuant to a Share Purchase Right shall be equal to the sum of (i) 15% of the Participant’s Compensation earned during such Offering Period (or such lesser percentage of Compensation or fixed dollar amount as the Administrator shall prescribe), (ii) the Matching Contribution credited for the Offering Period and (iii) any balance remaining in the Account from the preceding Offering Period. The Administrator may also set a maximum aggregate number of Shares or maximum aggregate Fair Market Value of Shares that may be purchased pursuant to Share Purchase Rights with respect to any Offering Period or on any Acquisition Date (subject to the $25,000 limitation in Section 6.2(b)).
		

		
			(b)    Calendar Year Limitation.  Notwithstanding Section 6.2(a), in the event that a Participant is granted a Share Purchase Right that permits such Participant to purchase Shares that, together with all other Share Purchase Rights granted to the Participant during the same calendar year under this Plan and any other empoloyee stock purchase plan of the Company or any Subsidiary of the Company, has an aggregate value in excess of $25,000 (determined on the date of grant), such Share Purchase Right shall be reduced such that the aggregate value of all Share Purchase Rights granted to or exercisable by the Participant during the same calendar year under any plan of the Company or any Subsidiary of the Company is $25,000. The Administrator may also set a maximum aggregate 
		

		 

		

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			number of Shares or maximum aggregate Fair Market Value of Shares, which is less than the $25,000 limitation set forth in this Section 6.2(b), that may be purchased pursuant to Share Purchase Rights in a calendar year.
		

		
			(c)    Refunds.  As of the first date on which a Participant’s ability to purchase Shares is limited by this Section 6.2, the Participant’s payroll deductions shall terminate, and the balance credited to his or her Account shall be paid to the Participant in a lump sum as soon as reasonably practicable without any interest thereon.
		

		
			Section 6.3    Purchase Price.  The purchase price per Share with respect to an Offering Period shall be determined by the Compensation Committee of the Board; provided that such purchase price shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on the Acquisition Date (or the Change in Control Date for purposes of Section 3.2(b)(iii)).
		

		
			Article VII
		

		
			Purchase of Shares Under Share Purchase Rights
		

		
			Section 7.1    Purchase.  Unless a Participant withdraws from the Plan as provided in Article IX, each Participant shall automatically purchase and acquire as of the Acquisition Date the number of whole Shares subject to the Share Purchase Right that may be purchased at the Purchase Price for that Share Purchase Right with the balance credited to such Participant’s Account (including the Matching Contribtuion for that Offering Period). Any surplus in the Account that is insufficient to purchase a whole Share shall be carried forward into the next Offering Period unless the Participant has elected to withdraw from the Plan pursuant to Article IX or the Administrator determines that surplus amounts for Participants shall not be carried forward, in which case such surplus amount shall be distributed to the Participant in a lump sum as soon as reasonably practicable without any interest thereon.
		

		
			Section 7.2    Registration Compliance.
		

		
			(a)    No Shares may be purchased under a Share Purchase Right unless the Shares to be issued or transferred upon purchase are covered by an effective registration statement pursuant to the Securities Act or are eligible for an exemption from the registration requirements, and the Plan is in material compliance with all applicable federal, state, foreign and other securities and other laws applicable to the Plan.
		

		
			(b)    If, on an Acquisition Date of any Offering Period, the Shares are not registered or exempt or the Plan is not in such compliance, no Shares under the Share Purchase Rights granted under the Plan shall be purchased on the Acquisition Date. The Acquisition Date shall be delayed until the Shares are subject to such an effective registration statement or exempt, and the Plan is in such compliance. The Acquisition Date shall in no event be more than five years from the Offer Date.
		

		
			(c)    If, on the Acquisition Date of any Offering Period, as delayed to the maximum extent permissible, the Shares are not registered or exempt and the Plan is not in such compliance, no Shares under the Share Purchase Rights shall be purchased, and all Contributions accumulated during the Offering Period (reduced to the extent, if any, such deductions have been used to acquire Shares) shall be distributed to the Participants in a lump sum as soon as reasonably practicable without any interest thereon.
		

		
			Section 7.3    Issuance of Shares.  As soon as practicable after each Acquisition Date, the Company shall issue the Shares acquired by each Participant during an Offering Period to the Participant or an account established in the Participant’s name at a stock brokerage or other financial services firm designated by the Company. No certificates shall be delivered with respect to the Shares acquired by a Participant.
		

		
			Section 7.4    Vesting.  A Participant’s interest in the Common Stock purchased under a Share Purchase Right shall be immediately vested and nonforfeitable.
		

		
			Section 7.5    Nontransferability.  Each Share Purchase Right granted under this Plan shall be nontransferable. During the lifetime of the Participant to whom the Share Purchase Right is granted, the Shares under a Share Purchase Right may be purchased only by the Participant. No right or interest of a Participant in any Share Purchase Right shall be liable for, or subject to, any lien, obligation, or liability of such Participant.
		

		

		

		 

		

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			Article VIII
		

		
			Restrictions on Sale
		

		
			Shares of Common Stock purchased under the Plan may be subject to any such holding restrictions that the Administrator shall determine to be appropriate with respect to any Offering Period and any trading policy of the Company that is in effect from time to time.
		

		
			Article IX
		

		
			Withdrawal From Participation and Termination of Employment
		

		
			A Participant may revoke his or her payroll deduction authorization form for an Offering Period and withdraw from participation in the Plan for that Offering Period by giving written or electronic notice to the Administrator at such time before the Acquisition Date as may be established by the Administrator. In the event of a Participant’s withdrawal in accordance with the preceding sentence, the balance credited to his or her Account shall be paid to the Participant in a lump sum as soon as reasonably practicable after receipt of the notice of withdrawal, without any interest thereon, and no further payroll deductions shall be made from his or her Compensation for that Offering Period. A Participant shall be deemed to have elected to withdraw from the Plan in accordance with this Article IX if he or she ceases to be an Associate employed by the Company or any of its Subsidiaries for any reason. Unless the Administrator determines otherwise, a Participant’s withdrawal (other than due to a termination of employment) during an Offering Period shall not have any effect upon the Participant’s eligibility to participate in the Plan during a subsequent Offering Period. 
		

		
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			Article X
		

		
			General Provisions
		

		
			Section 10.1    Administration.  The Plan shall be administered by the Administrator. The Administrator may prescribe, amend and rescind rules and regulations relating to the administration of the Plan and make all other determinations necessary or advisable for the administration and interpretation of the Plan. Any authority exercised by the Administrator under the Plan shall be exercised by the Administrator in its sole discretion. Determinations, interpretations, or other actions made or taken by the Administrator under the Plan shall be final, binding, and conclusive for all purposes and upon all persons.
		

		
			Section 10.2    Delegation by the Administrator.  Any or all of the powers, duties, and responsibilities of the Administrator hereunder may be delegated by the Administrator to, and thereafter exercised by, one or more persons designated by the Administrator, including members of management of the Company and/or members of the human resources function of the Company, and any determination, interpretation, or other action taken by such designee shall have the same effect hereunder as if made or taken by the Administrator. Notwithstanding the foregoing, only the Compensation Committee shall have the power to determine the Purchase Price for any Offering Period.
		

		
			Section 10.3    Tax Withholding.  The Company shall have the right to withhold, or to require the Participant to remit to the Company, an amount in cash sufficient to satisfy all U.S. federal, state, local, and any non‐U.S. withholding tax or other governmental tax, charge or fee requirements arising from participation in the Plan.
		

		
			Section 10.4    At‐Will Employment.  Nothing in the Plan nor an Associate’s participation in the Plan shall confer upon any Participant any right to continue in the employ of the Company or any of its Subsidiaries or shall interfere with or restrict in any way the rights of the Company and any of its Subsidiaries, which are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without cause.
		

		
			Section 10.5    Unfunded Plan; Plan Not Subject to ERISA.  The Plan is an unfunded plan, each Account is unfunded and Participants shall have the status of unsecured creditors of the Company with respect to their rights under the Plan. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended.
		

		
			Section 10.6    Freedom of Action.  Nothing in the Plan nor an Associate’s participation in the Plan shall be construed as limiting or preventing the Company or any of its affiliates from taking any action that it deems appropriate or in its best interest (as determined in its sole and absolute discretion) and no Participant (or person claiming by or through a 
		

		 

		

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			Participant) shall have any right relating to the diminishment in the value of any account or any associated return as a result of any such action. The foregoing shall not constitute a waiver by a Participant of the terms and provisions of the Plan.
		

		
			Section 10.7    Term of Plan.  The Plan shall be effective upon the Effective Date. The Plan shall terminate on the earlier of (i) the tenth anniversary of the Effective Date, (ii) the termination of the Plan pursuant to Section 10.8 or (iii) the date on which no more Shares are available for issuance under the Plan. Upon termination of the Plan, all funds accumulated in a Participant’s Account shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share Purchase Rights shall automatically terminate.
		

		
			Section 10.8    Amendment or Alteration.  The Administrator may at any time amend, suspend, discontinue or terminate the Plan; provided that if the Plan is amended in a manner that requires shareholder approval under applicable law or the rules of any exchange on which the Common Stock is listed, such amendment shall not be effective unless the shareholders of the Company approve the amendment. The Administrator, in its sole discretion, may terminate the Plan at any time. Upon such termination, all funds accumulated in a Participant’s Account at such time shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share Purchase Rights shall automatically terminate..
		

		
			Section 10.9    Severability.  In the event any portion of the Plan or any action taken pursuant thereto shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provisions had not been included, and the illegal or invalid action shall be null and void.
		

		
			Section 10.10    Assignment.  Except as otherwise provided in this Section 10.10, this Plan shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, representatives, successors, and assigns. Neither this Plan nor any right or interest hereunder shall be assignable by the Participant, his beneficiaries, or legal representatives; provided that nothing in this Section 10.10 shall preclude the Participant from designating a beneficiary to receive any benefit payable hereunder upon his death, or the executors, administrators, or other legal representatives of the Participant or his estate from assigning any rights hereunder to the person or persons entitled thereunto. This Plan shall be assignable by the Company to a Subsidiary or Affiliate of the Company; to any corporation, partnership, or other entity that may be organized by the Company, its general partners, or its Participants, as a separate business unit in connection with the business activities of the Company or Participants; or to any corporation, partnership, or other entity resulting from the reorganization, merger, or consolidation of the Company with any other corporation, partnership, or other entity, or any corporation, partnership, or other entity to or with which all or any portion of the Company’s business or assets may be sold, exchanged, or transferred.
		

		
			Section 10.11    Non‐Transferability of Rights.  Unless otherwise agreed to in writing by the Administrator, no rights or interests hereunder or part thereof shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided,  however, that nothing in this Section 10.11 shall prevent transfers by will or by the applicable laws of descent and distribution.
		

		
			Section 10.12    Headings.  The Section headings appearing in this Plan are used for convenience of reference only and shall not be considered a part of this Plan or in any way modify, amend, or affect the meaning of any of its provisions.
		

		
			Section 10.13    Rules of Construction.  Whenever the context so requires, the use of the masculine gender shall be deemed to include the feminine and vice versa, and the use of the singular shall be deemed to include the plural and vice versa. The fact that this Plan was drafted by the Company shall not be taken into account in interpreting or construing any provision of this Plan.
		

		
			Section 10.14    Governing Law.  To the extent not preempted by federal law, the Plan shall be construed in accordance with and governed by the laws of the State of Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction.
		

		
			Section 10.15    Conformity to Securities Laws.  The Plan is intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent the Company, any of its Subsidiaries or any Participant is subject to the provisions thereof. Notwithstanding anything herein to the contrary, the Plan shall be administered only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan shall be deemed amended to the extent necessary to conform to such laws, rules and regulations.
		

		

		

		 

		

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			Section 10.16    Tax Reporting Information.  At the Company’s request, Participants will be required to provide the Company and any Affiliates with any information reasonably required for tax reporting purposes.
		

		
			Section 10.17    Participant Acknowledgment.  By electing to participate in an Offering Period, each Participant acknowledges and agrees that (i) Participant may be required to hold Shares during any holding periods to which such Shares are subject and may be restricted in trading in Common Stock pursuant to a Company policy; (ii) Shares acquired under the Plan may lose some or all of their value in the future; and (iii) Participant is able to afford to bear the economic risk of holding the Shares for any holding period and of any loss in value of the Shares.
		

		 

		

			9exh1015poddarofferletter

                                                                                                                                                                                                                     PERSONAL AND CONFIDENTIAL   Revised June 23, 2017       Ms. Reema Poddar      Dear Reema,      I  am  delighted  to  extend  to  you  this  offer  of  employment  with  Teradata  Corporation  and  its  affiliates   (“Teradata”  or  “Company”)  as  Senior  Vice  President,  Product  Development  reporting  to  Oliver   Ratzesberger, EVP and Chief Product Officer.  The position is located and expected to work from our   offices in the San Diego, California area.        In  this  position,  you  will  be  paid  at  an  annualized  rate  of  $425,000; this  equates  to  a  weekly  rate  of   $8,173.08.  Because we operate on a bi-weekly pay schedule, you will be paid two weeks’ salary five  days following the close of each pay cycle.      In addition to your base salary, you will be eligible to participate in Teradata’s Annual Incentive Plan  (“AIP” or “Plan”). Teradata’s AIP is a performance-based annual incentive program based on financial  and strategic performance results achieved by Teradata, as well as your individual performance against  objectives. In this position your target annual AIP incentive opportunity is 70% (seventy percent) of your  eligible earnings.  You will be eligible the first of the calendar quarter following your start date, except if  you start before the end of July 2017, you will be eligible August 1, 2017, and your 2017 AIP will be pro- rated according to the number of months in the calendar year you are eligible under the Plan. For the  2017 Plan year you will be guaranteed a minimum AIP payment of 80% (eighty percent) of your pro- rated target payment (the “2017 AIP Guarantee”).  Your actual payment will be based on the greater of  80% of your pro-rated target annual incentive or your pro-rated annual incentive based on actual results  achieved  by  the  Company.   Except  for  the  minimum  guarantee  of  payment,  all  AIP  payments  are  subject to the terms and conditions of the plan guidelines.    You  will  also  be  eligible  for  a  one-time  sign-on  bonus  of  $100,000  (gross)  payable  ninety  (90)  days  following your date of hire.  You will earn the sign-on bonus after 24 (twenty-four) months of continuous,  full-time, active employment with the Company.  Should you leave the Company for any reason before  your 24th month of continuous, full-time, active employment, you will be obligated to repay 100% of the  sign-on bonus prior to your last day of active employment.    Contingent  upon  your  acceptance  of  this  offer  and  approval  by  the  Company’s  Compensation  and  Human Resource Committee, you will be granted an equity award with a total value of $1,050,000 to be  delivered in Service-Based Restricted Share Units as described below.  The effective date of the grant  for this award will be the first day of the month following your start date with Teradata (“Equity Effective  Date”).       Service-Based Restricted Share Units            On  the  Equity  Effective  Date,  Teradata  will  grant  you  Service-Based  Restricted  Share  Units  (the      “Units”) with a value of $1,050,000.  The actual number of Units shall be determined by taking the      value of the award and dividing it by the average closing price of Teradata common stock for the     twenty (20) trading days immediately preceding, but not including, the Equity Effective Date.  The     result shall be rounded to the nearest whole unit.                                             Page 1 of 5     

 

          The Units will vest one-third (1/3) on each anniversary of the Equity Effective Date until vested in      full  at  three  (3)  years,  subject  to  your  continued employment  with  Teradata  on  each  applicable      vesting  date.  The  Units  will  be  subject  to  approval  by  the  Compensation  and  Human  Resource      Committee of the Teradata Board of Directors.             In addition, subject to the approval of the Compensation and Human Resource Committee, concurrent   with the Company’s annual equity award program provided to other eligible employees, which generally   takes place in Q4 each year you will be granted an annual equity award in Q4 2017 with a total value of   $500,000 delivered in the form of award that is consistent with all other awards provided to similarly   situated employees (“Annual Equity Award”). The Annual Equity Award is a guarantee only for the 2017   award and requires that the Company does not otherwise cancel or postpone its annual award program   for  other  similarly  situated  employees,  in  which  case  your  Annual  Equity  Award  will  be  treated   consistent with other similarly situated employees.        Your  equity  awards  will  be  issued  under  the  terms  of  Teradata’s  Stock  Incentive  Plan,  which  is   administered by Fidelity Investments.  The specific terms and conditions relating to the award will be   outlined  in  the  applicable  award  agreement  contained  on  Fidelity’s  website.   Within  two  weeks  after   your Equity Effective Date, your grant will be loaded to Fidelity’s system.  You can access your grants  at www.netbenefits.com.   Please  review  the  grant  information,  including  the  applicable  grant   agreements, carefully and indicate your acceptance by clicking on the appropriate button.        IMPORTANT NOTICE:    You  must  accept  your  award  online  in  accordance  with  the  procedures established  by  the  Company  and  the  Plan  administrator.  By  accepting  your  award  in  accordance  with  these  procedures,  you  acknowledge that a copy of the Teradata 2012 Stock Incentive Plan (the “Plan”), the Plan Summary  and Prospectus, and the Company's most recent Annual Report and Proxy Statement (collectively, the  "Prospectus  Information")  either  have  been  received  by  you  or  are  available  for  viewing  on  the  Company's intranet site at HReXpress (located in the “Related Links” section of the Management Stock   Options  /  Restricted  Shares  page),  and  you  consent to  receiving  this  Prospectus  Information   electronically, or, in the alternative, agree to contact Global Compensation, to request a paper copy of   the  Prospectus  Information  at  no  charge.  By  accepting  your  award,  you  also  represent  that  you  are   familiar with the terms and provisions of the Prospectus Information and that you accept the award on  the terms, and subject to the conditions, set forth in the applicable grant agreement for your award and  in the Plan.  Failure to accept your award may result in its cancellation.     The Company currently has a Key Employee Severance Plan (“Plan”), and you will be recommended to   the Company’s Compensation and Human Resources Committee (“CHRC”) for eligibility to participate in   the Plan. The Plan, at the discretion of the CHRC, is subject to review, modification or cancellation.      Because  your  position  is  located  in  San  Diego,  you will  be  eligible  for  relocation  benefits  under   Teradata’s Relocation Policy. The expectation is that you will relocate no later than March 31, 2018.   Upon acceptance of this offer your relocation process will be initiated and a relocation counselor will  contact  you  to  discuss  your  personal  relocation  needs.  You  will  be  required  to  sign  and  return  a  Relocation  Repayment  Agreement  prior  to  any  relocation  related  expenses  being  reimbursed  or  remitted  on  your  behalf.   In  advance  of  executing  this  agreement  and  speaking  with  a  relocation  counselor we ask that you please not incur any relocation expenses or initiate any relocation plans. All  relocation expenses are recoverable (due back to) Teradata should you voluntarily leave the Company  within two (2) years of your relocation. By signing this offer letter, you will indicate your agreement to  Teradata’s stipulations about relocation expenses.                                             Page 2 of 5     

 

 As an employee of the Company, you may be eligible to participate in our health and welfare programs   based on certain eligibility requirements including location and position, including our vacation program   under which you will be eligible for 20 (twenty) days of paid vacation, which are accrued on a monthly   basis. The Company also provides 12 paid holidays per year, which include both company designated   holidays and floating holidays which must be used during the calendar year in which they are earned.      This offer of employment is contingent upon your agreement to certain Conditions of Employment as   outlined in Attachment A, including but not limited to the restriction of disclosure of any trade secret or  confidential/proprietary information during your employment at Teradata.     Reema, we are enthusiastic about the contributions you will bring to the Teradata team, and hope you  share this enthusiasm.  This offer will remain effective until 5:00 PM PST on June 26, 2017 and  assumes a start date of July 5, 2017 or prior.  Your employment is also contingent upon Teradata’s  receipt of appropriate results from your background verification and other required documents.  Please  read the instructions and contents of Attachment A and sign your acceptance (through our electronic  portal).    If you have any questions regarding the details of this offer, please contact me at 858-485-2817.      Sincerely,          Suzanne Zoumaras  Executive Vice President and Chief Human Resources Officer                                           Page 3 of 5     

 

                                   ATTACHMENT A                              CONDITIONS OF EMPLOYMENT      Teradata  requires  employment  candidates  to  successfully  complete  various  employment  documentation  and  processes.   This  offer  of  employment  is  conditioned  upon  your  satisfying  and  agreeing  to  the  criteria  which  follow:  all  pre-employment  verification,  U.S  employment  eligibility,  Teradata  mutual  agreement  to  arbitrate  all  employment  related  claims,  and  Teradata  employment  agreement.   You  assume  any  and  all  risks  associated  with  terminating  any  prior  or  current  employment,  or  making  any  financial  or  personal  commitments  based  upon  Teradata’s  conditional  offer.     1.    Background Check:        This offer of employment is conditioned upon successful completion of your background check.  By     accepting this offer and these conditions you are giving Teradata permission to release the results     to Teradata designated officials.                     Instructions: Upon signing the offer and pre-employment verification, an e-mail with the subject     Action Required to Complete Background Check for Teradata Employment with a link will be sent to      you to initiate the background check process. Please submit your information within 3 days of      receipt of the link.      2.  Pre-Employment Verification:        Your background check may include the following: education and employment history, Social      Security Number validation, criminal history, credit history, national sex offender search, and Global     Sanctions check.           3.  U.S. Employment Eligibility:        Pursuant to the terms of the Immigration and Control Act of 1986, Teradata can only hire     employees if they are legally entitled to work and remain in the United States.      4.  Teradata Employment Agreement:         As a condition of employment, you must read, understand and agree to the enclosed document. By      signing the Teradata Employment Agreement, you are verifying receipt of this document and your      agreement and willingness to abide with the contents of the Teradata Terms and Conditions of      Employment, Protection of Trade Secrets Agreement, and Consent to Collection of Personal Data.      The Teradata Consent to Collection of Personal Data apprises you of Teradata personal data      collection practices.      5.   Teradata Mutual Agreement to Arbitrate all Employment Related Claims:     As a condition of employment for any Teradata position, you must read, understand and agree to     the enclosed document: Teradata Mutual Agreement to Arbitrate All Employment Related Claims.      By signing this acceptance of employment, you are verifying the receipt of this document and your     agreement and willingness to abide with the contents of the Mutual Agreement to Arbitrate     Agreement.            6.  Teradata Code of Conduct & Conflicts of Interest Certifications for New Hires:     Teradata requires that each new associate read the Teradata Values Statement and Code of     Conduct and certify his/her reading of it and his/her commitment to comply with it.  Teradata also     requires that each new associate disclose in writing all actual and potential conflict of interest     circumstances which pertain to him/her and certify that he/she has disclosed all conflict of interest                                           Page 4 of 5     

 

   circumstances in writing to Teradata.  These requirements apply to both new associates who are     hired as employees and new associates engaged as individual independent staff contractors.               Generally, these certifications should be provided by each new associate within 30 days after     his/her start-date.  Sometimes a new associate may require more time to provide these     certifications (for example, if he/she does not yet have a Teradata computer, Teradata email     address, or online access to Teradata networks/systems), in which case he/she may provide the     certifications later.  But, Teradata policies require that in all events the certifications must be     provided by no later than 90 days after the new associate’s start-date.              New associates can provide these certifications and disclosures by either: (a) completing the online     Teradata Code of Conduct training and certification module through the Teradata University e-    learning system; or (b) manually completing and submitting the form below.  We prefer that it be     done through the online Teradata University module.            Teradata requires that each Teradata associate re-certify the same each year.  Teradata will     distribute information about the annual Code of Conduct and Conflicts of Interest certification     process to all associates by email, employee web-site/portal announcements and/or employee e-    newsletter announcements.  The annual re-certification typically will occur in the October/November     time frame of each year and typically will be done electronically.  New associates still will need to     complete the annual all-associate online certification, even if he/she completed the new-hire     certification earlier in the same year.          Only new associates who do not complete the certifications and disclosures online through the     above-described module on Teradata University and the instructions in that module should     complete, sign and submit copies of the following form to their manager, their Teradata Human     Resources representative and HR Service Center  We also recommend that the new associate     retain a copy of his/her certification and disclosures (e.g., a copy of the completed form below or a     copy of the completion-acknowledge page from the online module).       Accepting this Offer of Employment:   By accepting and signing Teradata’s offer of employment you certify to Teradata that you are not  subject to a non-competition agreement with any company which would preclude or restrict you from  performing the position being offered in this letter.  We also advise you of Teradata’s policy of  respecting the intellectual property rights of other companies.  You should not bring with you to your  Teradata position any documents or materials designated as confidential, proprietary or trade secret by  another company, nor in any other way disclose trade secret information while employed by Teradata.    This letter reflects the general description of the terms and conditions of your employment with  Teradata, and is not a contract of employment for any definite duration of time.  The employment  relationship with Teradata is by mutual consent (“Employment at Will”).  This means either you or  Teradata have the right to discontinue the employment relationship with or without cause at any time  and for any reason.    I have read the foregoing information relative to Teradata’s conditions of employment and understand  that my employment offer is conditioned upon their satisfaction.                                            Page 5 of 5    

 

                                        S93JANIWKL4PYW6BYGWCAK                                   Teradata HR                                 Party ID: 4PF9YLIDT367XMFNGJ7P9G                                 IP Address: 153.65.16.10   Multi-Factor Digital Fingerprint Checksum    0fad55105fcdb55cc7d215a18da8915db6221bc7                                  . Reema Poddar                                 Party ID: 48UI3EINH44JEVWKEEZIED                                 IP Address: 73.202.140.49   Multi-Factor Digital Fingerprint Checksum    bab29d6a4c3104f1d5b27e856bbb70c408d6a850   Timestamp                       Audit 2017-06-26 05:38:30 -0700       All parties have signed document. Signed copies sent to: Teradata HR. 2017-06-26 05:38:29 -0700       Document signed by Teradata HR (noemail@rightsignature.com) with drawn                                 signature. - 153.65.16.10 2017-06-26 05:37:43 -0700       Document viewed by Teradata HR (noemail@rightsignature.com). - 153.65.16.10 2017-06-24 13:16:34 -0700       Document signed by . Reema Poddar (noemail@rightsignature.com) with drawn                                 signature. - 73.202.140.49 2017-06-24 13:14:55 -0700       Document viewed by . Reema Poddar (noemail@rightsignature.com). -                                 73.202.140.49 2017-06-23 14:00:14 -0700       Document created via the RightSignature API by Teradata HR                                 (hrservicecenter.teradataamericas@teradata.com). - 153.65.20.109                                                                                                                          Page 1 of 1 

 

DocuSign Envelope ID: AA083B53-D52B-447D-B5BA-37470FB6FEC0                                 Teradata Relocation Repayment Agreement                      (Must be Signed with the Offer packet to Receive Relocation Benefits)                              In accordance with the Teradata Relocation Policy, I am eligible to receive relocation               benefits. Prior to receiving any reimbursements and/or advances, and as consideration for               the payment and/or advancement of expenses, I agree to and understand the following:                                      If I voluntarily terminate my employment with Teradata within two (2) years from                     my start date of June 28, 2017, I will repay 100% of the relocation                     reimbursements and allowances provided to me, including all expenses which                     were billed to Teradata.                                            If I voluntarily cancel my relocation for whatever reason, I will repay all                     relocation reimbursements and allowances provided during the relocation process,                     including all expenses which were billed to Teradata.                                            My expenses will be reimbursed in accordance with the applicable Relocation                     Reimbursement policy. I will complete the necessary expense forms within thirty                     (30) days of incurring the expense. If I fail to complete the expense forms on a                     timely basis I will not be eligible for reimbursement of the expenses.                                            Any dispute concerning this policy, or the application of the relocation policy or                     my relocation expenses, will be subject to the Dispute Resolution Policy which                     exists at the date of my relocation.                               This repayment provision does not constitute a contract of employment or a guarantee of               employment. This Agreement does not alter or amend the employment-related               agreements I have executed. I understand that employment with Teradata is at-will.                 Reema Poddar                                      Jeanne Pierce                2018 August 13 | 9:46:58 AM EDT                   2018 August 13 | 11:52:08 AM EDT 

 

DocuSign Envelope ID: AA083B53-D52B-447D-B5BA-37470FB6FEC0               Relocation Summary of Benefits for Reema Poddar              Revised July 18, 2018                            You have been offered a position that requires relocation to the San Diego, CA area. Upon acceptance of              the employment offer you will be eligible for relocation benefits under Teradata’s Relocation Policy. As              part of the relocation benefits, you will be provided with the following benefits managed through our              relocation company, Lexicon.                             The expectation is that you relocate no later than March 31, 2018. All relocation benefits must be incurred              and submitted for reimbursement by June 30, 2018.                             A. Lump Sum Payment              As part of the relocation benefits, you will be provided a lump sum of $100,000 for reasonable and              customary relocation expenses not covered under the benefits as defined below. This payment will be              grossed-up.                            B. Household Goods and Storage – Move Management and Services              Your Lexicon Relocation Consultant will initiate and coordinate your household goods move.  Teradata              will provide a professional household goods (up to $100,000 in value) move which includes, packing,              loading, transporting, unloading and full value coverage of your household goods; if required, up to 30              days of storage for your goods is available.                            C. New Home Purchase               Teradata will reimburse reasonable and customary buyer’s closing costs up to 2% of the loan amount, up              to a maximum of $7,500.  Discount points are not covered. If you have questions on reimbursable              expenses when you receive your Loan Estimate from the lender, please contact your Lexicon Relocation              Consultant.  Tax assistance is provided.                             D. Miscellaneous Costs              A budget of up to $20,000 (gross) for other costs, which may include commuting expenses before you              relocate to San Diego, temporary housing, rental car, and other reasonable and customary relocation              expenses. The Miscellaneous Costs must be submitted for reimbursement and the budget may not be              applied to other relocation benefits defined above.                              E. House-Hunting Trip              Teradata will provide two (2) house-hunting trips for you and your immediate family to visit San              Diego for up to 4 days each for the purposes of region orientation and house-hunting.  Arrangements              for this trip (airline tickets, hotel, rental car) will be made through Teradata or through our relocation              partner, Lexicon.                            Relocation Repayment Agreement              Upon acceptance of this offer your relocation process will be initiated and a relocation counselor will              contact you to discuss your personal relocation needs. You are required to sign and return a Relocation              Repayment Agreement prior to any relocation related expenses being reimbursed or remitted on your              behalf.  In advance of executing this agreement and speaking with a relocation counselor we ask that you              please not incur any relocation expenses or initiate any relocation plans.  All relocation expenses are              recoverable (due back to) Teradata should you voluntarily leave the Company within two (2) years of your              start date, June 28, 2017.                                                          Reema Poddar, SVP Product & Innovation              Jeanne Pierce, VP Human Resources                            Signature:                                          Signature:                            Date Signed:                                        Date Signed:                              2018 August 13 | 9:46:58 AM EDT                    2018 August 13 | 11:52:08 AM EDT

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