Document:

Exhibit

EXHIBIT 10.42

NINTH AMENDMENT TO THE 
PIONEER NATURAL RESOURCES USA, INC. 
401(k) AND MATCHING PLAN 
(Amended and Restated Effective as of January 1, 2013)

THIS NINTH AMENDMENT is made and entered into by Pioneer Natural Resources USA, Inc. (the “Company”):
WITNESSETH:
WHEREAS, the Company maintains the Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan (the “Plan”);
WHEREAS, pursuant to Section 8.3 of the Plan, the Benefit Plan Design Committee (the “Committee”) of the Company maintains the authority to amend the Plan at any time; and
WHEREAS, the Committee desires to amend the Plan to provide for full and immediate vesting in any employer-derived benefits accrued under the Plan for certain employees who are involuntarily terminated in connection with the closing or restructuring of certain offices.
NOW THEREFORE, the Plan is hereby amended as follows.
1.    Section 5.3(o) is hereby added to the Plan as follows:
(n)    Any provision of this Plan to the contrary notwithstanding, the amounts credited to the Employer Account of a Participant who is specifically designated by the Vice President and Chief Human Resources Officer of the Company as being involuntarily terminated in connection with the closing on or about December 1, 2017 of the Colorado Springs plant shall become fully vested and nonforfeitable on the date of such involuntary termination.
NOW, THEREFORE, be it further provided that except as provided above, the Plan shall continue to read in its current state.
IN WITNESS WHEREOF, the Company has executed this Ninth Amendment this 10th day of November, 2017 to be effective as specified above.
	
					
	 
	 
	PIONEER NATURAL RESOURCES USA, INC.

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	By:
	 
	/s/ Teresa A. Fairbrook

	 
	 
	 
	 
	Name: Teresa A. Fairbrook

	 
	 
	 
	 
	Title: Vice President and Chief Human Resources Officer

    

1Exhibit

EXHIBIT 10.43
TENTH AMENDMENT TO THE 
PIONEER NATURAL RESOURCES USA, INC. 
401(k) AND MATCHING PLAN 
(Amended and Restated Effective as of January 1, 2013)

THIS TENTH AMENDMENT is made and entered into by Pioneer Natural Resources USA, Inc. (the “Company”):
WITNESSETH:
WHEREAS, the Company maintains the Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan (the “Plan”);
WHEREAS, pursuant to Section 8.3 of the Plan, the Benefit Plan Design Committee (the “Committee”) of the Company maintains the authority to amend the Plan at any time; and
WHEREAS, the Committee desires to amend the Plan to increase the automatic enrollment percentage for Covered Employees and remove the mandatory automatic increase program for Covered Employees.
NOW THEREFORE, the Plan is hereby amended as follows.
1.    Effective January 29, 2018, Section 2.2 is hereby amended as follows:
Section 2.2    Participation.  Each Covered Employee who is eligible to participate in the Plan may elect, in the manner prescribed by the Committee, to participate in this Plan as soon as administratively practicable but no later than 31 days following the completion and submission of such election.  
(a)    Automatic Enrollment.  For a Covered Employee who is notified that he or she is eligible to participate in the Plan on or after January 29, 2018 and fails to return an alternate election pursuant to Section 3.1(a), Pre-Tax Contributions will automatically begin being made on such Covered Employee’s behalf at the rate specified in Section 3.1(a) on the later to occur of (a) the thirtieth day following the Covered Employee’s Employment Date, (b) the thirtieth day following the date such Covered Employee satisfies the eligibility requirements set forth in Section 2.1, or (c) the thirtieth day following the date such Covered Employee is notified of the Plan’s automatic enrollment provisions in accordance with section 401(k)(13)(E)(i) of the Code.  A Covered Employee who desires to make an alternate election pursuant to Section 3.1(a) must do so in the manner prescribed by the Committee.  
(b)    Covered Employees in Enrollment Period on January 29, 2018.  A Covered Employee who was notified that he or she was eligible to participate in the Plan prior to January 29, 2018 and on January 29, 2018 was in his or her enrollment period and fails to return an alternate election pursuant to Section 3.1(a), Pre-Tax 

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Contributions will automatically begin being made on such Covered Employee’s behalf at the rate in effect as of the date he or she was notified that he or she was eligible to participate in the Plan on the thirtieth day following the date such Covered Employee is notified of the Plan’s automatic enrollment provisions in accordance with section 401(k)(13)(E)(i) of the Code. On March 1, 2018, a Covered Employee described in this Section 2.2(b) will receive notification that his or her combined Pre-Tax Contribution and Roth Contribution rate will be increased to 5%, and if such Covered Employee fails to return an alternate election pursuant to Section 3.1(a) and such Covered Employee’s current combined rate is less than 5%, Pre-Tax Contributions will automatically be increased such that the combined Pre-Tax and Roth Contribution rate for each such Covered Employee is 5% on the thirtieth day following the date such Covered Employee is notified.  A Covered Employee who desires to make an alternate election pursuant to Section 3.1(a) must do so in the manner prescribed by the Committee.
(c)    Plan Contribution Sweep.  Effective January 29, 2018, each Covered Employee (including any Covered Employee who has previously opted out of participation in the Plan or has made an alternate election and excluding those Covered Employees set forth below) will receive notice that his or her combined Pre-Tax Contribution and Roth Contribution rate will be increased to 5%, and if such Covered Employee fails to return an alternate election pursuant to Section 3.1(a) and such Covered Employee’s current combined rate is less than 5%, Pre-Tax Contributions will automatically be increased such that the combined Pre-Tax and Roth Contribution rate for each such Covered Employee is 5% on the thirtieth day following the date such Covered Employee is notified.  Covered Employees under this Section 2.2(c) will not include any Covered Employee described in Section 2.2(b), any Covered Employee whose election has been suspended in accordance with the terms of the Plan, any Covered Employee with a pending election change, any Covered Employee who participates in the Vanguard Managed Account Program, or any Covered Employee who is a member of a collective bargaining unit.  A Covered Employee who desires to make an alternate election pursuant to Section 3.1(a) must do so in the manner prescribed by the Committee.
2.    Effective January 29, 2018, Section 2.3 is hereby amended as follows:
Section 2.3    Reemployed Participant.  Any Participant who ceases to be a Covered Employee shall thereupon cease to be eligible to participate in the Plan; provided, however, that if any such Participant is thereafter reemployed as a Covered Employee, he or she shall be automatically enrolled in the Plan pursuant to Section 3.1(a).  
3.    Effective January 29, 2018, Section 3.1(a) is hereby amended as follows:
(a)    Each Participant may elect to have his or her Employer make a Pre-Tax Contribution to the Plan on his or her behalf for each pay period in an amount up to 80% of his or her Basic Compensation for that pay period, subject to any other 

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deductions from the Participant’s Basic Compensation that are required by law or authorized by the Participant pursuant to a compensation reduction agreement.  All such contributions shall be made by uniform payroll deductions pursuant to a compensation reduction agreement which authorizes the Employer to pay such contributions to the Trustee on behalf of the Participant.  However, for any Participant subject to the Plan’s automatic enrollment provisions (as described in Section 2.2) who fails to make an alternate election, Pre-Tax Contributions will automatically begin being made on such Participant's behalf, in an amount equal to 5% of his or her Basic Compensation on the date specified in Section 2.2 with respect to such Participant.  In the event a Participant does not desire to have Pre-Tax Contributions made on his or her behalf at the level set by this Section 3.1(a), the Participant may elect a different amount up to 80% of his or her Basic Compensation in the manner prescribed by the Committee.
3.    Effective January 29, 2018, Section 3.1(d) is hereby amended as follows:
(d)    A Participant may change the applicable percentage of such payroll (or bonus) deductions or suspend his or her election to have Pre-Tax Contributions and/or Pre-Tax Bonus Contributions made to the Plan at any time.  Any such change or suspension will be effective as soon as administratively practicable but no later than 31 days following the submission of such change or submission.  Participants will have access to a voluntary percentage increase program.
NOW, THEREFORE, be it further provided that except as provided above, the Plan shall continue to read in its current state.
IN WITNESS WHEREOF, the Company has executed this Tenth Amendment this 6th day of February, 2018 to be effective as specified above.
	
					
	 
	 
	PIONEER NATURAL RESOURCES USA, INC.

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	By:
	 
	/s/ Teresa A. Fairbrook

	 
	 
	 
	 
	Name: Teresa A. Fairbrook

	 
	 
	 
	 
	Title: Vice President and Chief Human Resources Officer

                   
          
 

3Exhibit 4.1

 

SECOND AMENDMENT TO RIGHTS AGREEMENT

 

This Second Amendment to Rights Agreement (this “Amendment”), dated as of February 15, 2018 (the “Effective Date”), is by and between Waddell & Reed Financial, Inc., a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”).

 

WHEREAS, the Board of Directors of the Company (the “Board”) previously adopted a Rights Agreement, dated as of April 8, 2009, by and between the Company and the Rights Agent, as amended by the First Amendment to Rights Agreement, dated as of July 22, 2016 (the “Rights Agreement”);

 

WHEREAS, pursuant to Section 27 of the Rights Agreement, for so long as the Rights are then redeemable, the Company may from time to time in its sole and absolute discretion, and the Rights Agent shall if the Company so directs, supplement or amend any provision of the Rights Agreement in any respect without the approval of any holders of the Rights;

 

WHEREAS, the Board has determined to amend the Rights Agreement in certain respects;

 

WHEREAS, the Rights are currently redeemable; and

 

WHEREAS, the Company has delivered to the Rights Agent a certificate from an appropriate officer of the Company stating that this Amendment complies with Section 27 of the Rights Agreement and has directed the Rights Agent to execute this Amendment to amend the Rights Agreement as set forth herein;

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the Company and the Rights Agent hereby agree as follows:

 

Section 1.                                           Certain Definitions.  Terms used in this Amendment but not otherwise defined herein shall have the meanings ascribed to such terms in the Rights Agreement.

 

Section 2.                                           Amendment to Rights Agreement.  Clause (i) of Section 7(a) of the Rights Agreement is hereby amended and restated in its entirety to read as follows:

 

“(i) the close of business on February 15, 2018 (the “Final Expiration Date”),”

 

Section 3.                                           Amendment to Exhibits.  The exhibits to the Rights Agreement shall be deemed to be amended to reflect this Amendment, including all conforming changes as set forth herein.

 

Section 4.                                           Other Amendment; Effect of Amendment.  Except as and to the extent expressly modified by this Amendment, the Rights Agreement and the exhibits thereto remain in full force and effect in all respects without any modification.  This Amendment will be deemed an amendment to the Rights Agreement and will become effective on the Effective Date.  In the event of a conflict or an inconsistency between this Amendment and the Rights Agreement and the exhibits thereto, the provisions of this Amendment will govern.

 

Section 5.                                        Severability.  If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

 

 

Section 6.                                           Governing Law.  This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State.

 

Section 7.                                           Descriptive Headings.  Descriptive headings of the sections of this Amendment are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

 

Section 8.                                           Counterparts.  This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.  A signature to this Amendment executed and/or transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

 

{Remainder of Page Left Intentionally Blank}

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Rights Agreement to be duly executed, all as of the Effective Date.

 

 

	
 
    	
WADDELL &   REED FINANCIAL, INC.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Brent K. Bloss
    
	
 
    	
Name:
    	
Brent K. Bloss
    
	
 
    	
Title:
    	
Executive Vice   President, Chief Operating Officer, Chief Financial Officer and Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COMPUTERSHARE   TRUST COMPANY, N.A.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Dennis V. Moccia
    
	
 
    	
Name:
    	
Dennis V. Moccia
    
	
 
    	
Title:
    	
Manager, Contract   Administration
    

 

[Signature Page to Second Amendment to Rights Agreement]

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