Document:

exhibit_10-6.htm

 

 

Exhibit 10.6

 

FIRST AMENDMENT TO THE

ALLIANCE DATA SYSTEMS CORPORATION

AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN

 

This Amendment to the Alliance Data Systems Corporation Amended and Restated Employee Stock Purchase Plan (the “Plan”), made pursuant to the right to amend reserved in Section 21 of the Plan, amends the Plan as follows, effective for Purchase Periods beginning on and after June 1, 2014.

 

1.           Section 2(e) is hereby amended in its entirety to read as follows:

 

“(e)           “Compensation” means an Employee’s annual rate of base pay received by an Employee from the Company or a Designated Subsidiary.  Base pay means the regular wages (i.e., gross straight time), base salary, sick pay, vacation pay or holiday pay, as the case may be, paid to an Employee, but excludes overtime, commissions, and any other form of variable compensation, bonuses and other incentive compensation, disability pay, workers compensation, severance pay, service related cash awards, any amounts which constitute tax gross ups of taxable amounts, and income realized as a result of participation in any stock option, stock purchase, or similar plan of the Company or any Designated Subsidiary. Notwithstanding the foregoing, the Board may amend the definition of Compensation for any Offering Period prior to the commencement of such Offering Period.”

 

2.           Section 2(l) is hereby amended in its entirety to read as follows:

 

“(l)           “Offering Period” means, unless amended pursuant to Sections 4 and 21 hereof, a period of six (6) months commencing on the first trading day of each of the first and third calendar quarter of each year and ending on the last trading day of each such calendar quarter, or such other period of time established in advance by the Board.  The Board shall conduct each Offering Period in compliance with Section 423 of the Code, and in no event shall an Offering Period exceed twenty-seven (27) months beginning with the Offering Date.  The terms and conditions of each Offering Period need not be identical but each shall include through incorporation the provisions of this Plan.”

 

3.           Section 3(b) is hereby amended in its entirety to read as follows:

 

“(b)           Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan (i) if immediately after the grant, such Employee (together with any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code) would own capital stock and/or hold outstanding options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Subsidiary or parent corporation (as such term is defined in Section 424(e) of the Code) of the Company, or (ii) if such option would permit his or her rights to purchase stock under all employee stock

 

  

  

  

 

purchase plans (described in Section 423 of the Code) of the Company and its Subsidiaries to accrue at a rate that exceeds Twenty-Five Thousand Dollars ($25,000) of the Fair Market Value (as defined in Section 7(b) below) of such stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time.”

 

4.           Section 4 is hereby amended by adding the following sentence to the end thereof:

 

“Notwithstanding anything in the Plan to the contrary, the Board may establish additional or alternative concurrent, sequential or overlapping Offering Periods, a different duration for one or more Offering Periods or different commencing or ending dates for such Offering Periods.”

 

5.           Section 10 is hereby amended in its entirety to read as follows:

 

“10.           Holding Period and Withdrawal of Shares.

 

(a)           Promptly following each Purchase Date, the Shares purchased by each participant pursuant to the Plan shall be deposited directly into a restricted brokerage account established in the participant’s name with a Designated Broker.  Except as otherwise provided below, the deposited Shares may not be transferred (either electronically or in certificate form) from the restricted brokerage account until the later of (i) the end of the six-month period measured from the Purchase Date on which the Shares were purchased and (ii) the date of the participant’s termination of employment.  Such limitation shall apply both to transfers to different accounts with the same Designated Broker and to transfers to other brokerage firms.  Any Shares held for the required holding period may thereafter be transferred (either electronically or in certificate form) to other accounts or to other brokerage firms.

 

(b)           At any time following the six-month period measured from the Purchase Date of Shares, a participant may withdraw all or any number of whole Shares credited to his or her account on that Purchase Date by directing the Designated Broker to cause his or her Shares to be (i) issued as certificates in the participant’s name; (ii) sold with the net proceeds (less applicable commissions and other charges) distributed in cash to the participant; or (iii) transferred to another brokerage account of the participant.  No such six-month period shall apply after a participant terminates employment.”

 

6.           Section 14 is hereby amended by renumbering the text thereof as Section 14(a) and adding a new subsection (b) thereto to read as follows:

 

“(b)           The Board or Committee shall have the power, in its discretion, to adopt such procedures and sub-plans as the Board or Committee deems necessary or appropriate to comply with the laws or regulations, tax policy, accounting principles or custom of foreign jurisdictions applicable to employees of a subsidiary business entity of the Company, provided that any such sub-plan shall not be within the scope of an “employee stock purchase plan” within the meaning

 

  

  

  

 

of Section 423 of the Code.  Any of the provisions of any such sub-plan may supersede the provisions of this Plan, other than Section 13.  Except as superseded by the provisions of a sub-plan, the provisions of this Plan shall govern such sub-plan.  Alternatively and in order to comply with the laws of a foreign jurisdiction, the Board or Committee shall have the power, in its discretion, to grant options on the Offering Date of any Offering Period to citizens or residents of a non-U.S. jurisdiction (without regard to whether they are also citizens of the United States or resident aliens) that provide terms that are less favorable than the terms of options granted on the same Offering Date to Employees resident in the United States.”

 

7.           Section 16 is hereby amended by adding the following sentence to the end thereof:

 

“An option shall be exercisable during the lifetime of the participant only by the participant.”

 

8.           Section 26 is hereby amended by adding the following subsection (c) thereto:

 

“(c)           By enrolling in the Plan, each participant acknowledges and agrees that the option such participant has been awarded under the Plan, and any other options the Company may grant in the future, even if such options are made repeatedly or regularly, and regardless of their amount, (i) are wholly discretionary, are not a term or condition of employment and do not form part of a contract of employment, or any other working arrangement, between the participant and the Company or any Designated Subsidiary; (ii) do not create any contractual entitlement to receive future options or to continued employment; and (iii) do not form part of salary or remuneration for purposes of determining pension payments or any other purposes, including, without limitation, termination indemnities, severance, resignation, redundancy, bonuses, long-term service awards, pension or retirement benefits, or similar payments, except as otherwise required by applicable law.”

 

9.           The Plan is hereby amended by adding the following Section 28 thereto:

 

“28.           Data Privacy.

 

(a)           In order to facilitate the administration of the Plan, it will be necessary for the Company (or its payroll administrators) to collect, hold, and process certain personal information about Employees participating in the Plan (including, without limitation, name, home address, telephone number, date of birth, nationality and job detail and details of the participating Employee’s option grant).  By participating in the Plan, participating Employees consent to the Company (or its payroll administrators) collecting, holding and processing personal data and transferring such data to third parties (collectively, the “Data Recipients”) insofar as is reasonably necessary to implement, administer and manage the Employee’s participation in the Plan and acknowledge that it may also

 

  

  

  

 

be necessary to disclose information in order to comply with any legal obligations.

 

(b)           The Data Recipients will treat the participating Employees’ personal data as private and confidential and will not disclose such data for purposes other than the management and administration of the Employees’ participation in the Plan and will take reasonable measures to keep such personal data private, confidential, accurate and current.

 

(c)           As the Company operates globally, it needs to share personal data with other related companies which are based abroad.  Where the transfer is to a destination outside the Employee’s country of domicile, or if applicable, the European Economic Area, the Company shall take reasonable steps to ensure that such personal data continues to be adequately protected and securely held.  Nonetheless, by participating in the Plan, each participating Employee acknowledges that personal information about such Employee may be transferred to a country that does not offer the same level of data protection as the Employee’s country of domicile, or if applicable, the European Economic Area.

 

(d)           Participating Employees may, at any time, view their personal data, require any necessary corrections to it or withdraw the consents referenced in this Section 28 in writing by contacting the Senior Analyst and Stock Plan Administrator, whose telephone number is (214) 494-3410.”

 

10.           In all other respects, the Plan will remain unchanged and in full force and effect.

 

IN WITNESS WHEREOF, upon authorization of the Board of Directors, the undersigned has executed this Amendment to the Alliance Data Systems Corporation Amended and Restated Employee Stock Purchase Plan on this May 1, 2014.

 

Alliance Data Systems Corporation

 

 

By:            /s/ Leigh Ann K. Epperson

	
  

	
Its:

	
Senior Vice President, General Counsel and SecretaryExhibit 4.1

 

	
  

  	
  COMMON SHARES
  $.01 PAR VALUE PER SHARE COMMON SHARES $.01 PAR VALUE PER SHARE SEE REVERSE
  FOR IMPORTANT NOTICE ON TRANSFER RESTRICTIONS AND OTHER INFORMATION A
  MARYLAND REAL ESTATE INVESTMENT TRUST CUSIP81721M109 THIS CERTIFIES THAT SPECIMEN is the registered holder of FULLY PAID AND NONASSESSABLE
  COMMON SHARES OF BENEFICIAL INTEREST IN SENIOR HOUSING PROPERTIES TRUST a Maryland real estate investment trust
  (the “Trust”), transferable on the books of the Trust by the holder hereof in
  person or by its duly authorized attorney upon surrender of this Certificate
  properly endorsed. This Certificate and the shares evidenced hereby are
  issued and shall be held subject to all of the provisions of the Declaration
  of Trust and Bylaws of the Trust and any amendments thereto. The holder of
  this Certificate and every transferee or assignee hereof by accepting or
  holding the same agrees to be bound by all of the provisions of the
  Declaration of Trust and Bylaws of the Trust, as amended from time to time.
  This Certificate is not valid unless countersigned and registered by the
  Transfer Agent and Registrar. IN WITNESS WHEREOF, the Trust has caused this
  Certificate to be executed on its behalf by its duly authorized officers.
  Dated: PRESIDENT AND CHIEF OPERATING G OFFICER TREASURER AND CHIEF FINANCIAL
  OFFICER THE DECLARATION OF TRUST PROVIDES THAT THE NAME “SENIOR HOUSING
  PROPERTIES TRUST” REFERS TO THE TRUSTEES UNDER THE DECLARATION OF TRUST,
  COLLECTIVELY AS TRUSTEES, BUT NOT Individually OR PERSONALLY, AND NO TRUSTEE,
  SHAREHOLDER, EMPLOYEE OR AGENT OF THE TRUST SHALL BE HELD TO ANY PERSONAL
  LIABILITY, JOINTLY OR SEVERALLY, IN CONNECTION WITH THIS INSTRUMENT. ALL
  PERSONS DEALING WITH THE TRUST IN ANY WAY SHALL LOOK ONLY TO THE ASSETS OF
  THE TRUST FOR PAYMENT OF ANY SUM OR PERFORMANCE OF ANY OBLIGATION. AMERICAN
  FINANCIAL PRINTING INCORPORATED - -MINNEAPOLIS COUNTERSIGNED AND REGISTERED
  WELLS FARGO BANK, N.A. BY TRANSFER AGENT AND REGISTRAR AUTHORIZED SIGNATURE 

  

 

	
  

  	
  SENIOR HOUSING
  PROPERTIES TRUST IMPORTANT NOTICE PURSUANT AND SUBJECT TO THE TERMS OF THE
  TRUST’S DECLARATION OF TRUST, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS
  AND SUPPLEMENTS THERETO (THE “DECLARATION”), IS ON FILE WITH THE STATE
  DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND, THE TRUST HAS THE
  AUTHORITY TO CREATE ONE OR MORE ADDITIONAL CLASSES OR SERIES OF SHARES AND
  ISSUE ADDITIONAL SHARES OF ANY EXISTING CLASS OR SERIES OF SHARES. THE TRUST
  WILL FURNISH A FULL STATEMENT OF (i) THE AUTHORITY OF THE TRUST TO
  CREATE ADDITIONAL CLASSES OR SERIES S OF SHARES AND ISSUE ADDITIONAL SHARES
  OF ANY EXISTING CLASS OR SERIES OF SHARES, (ii) THE TERMS OF ANY
  EXISTING CLASS OR SERIES OF SHARES, AND (iii) SUCH OTHER INFORMATION AS
  IS REQUIRED BY SECTION 8-203(d) OF THE MARYLAND REIT LAW, WITHOUT CHARGE
  TO ANY SHAREHOLDER UPON REQUEST TO THE SECRETARY OF THE TRUST. THE SHARES
  EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON OWNERSHIP AND
  TRANSFER WHICH ARE OR MAY HEREAFTER BE CONTAINED IN THE DECLARATION OR
  IN THE BYLAWS OF THE TRUST, AS AMENDED FROM TIME TO TIME (THE
  “BYLAWS”), INCLUDING PROVISIONS WHICH PROHIBIT THE OWNERSHIP OF MORE
  THAN 9.8% OF THE TRUST’S COMMON SHARES OR SECURITIES BY ANY PERSON OR GROUP.
  THIS DESCRIPTION OF THE RESTRICTIONS UPON OWNERSHIP OR TRANSFER OF THE
  TRUST’S COMMON SHARES OR SECURITIES IS NOT COMPLETE. A MORE COMPLETE
  DESCRIPTION OF THESE RESTRICTIONS APPEARS IN THE DECLARATION OR BYLAWS, AS
  APPLICABLE, COPIES OF WHICH WILL BE SENT WITHOUT CHARGE TO ANY SHAREHOLDER UPON
  REQUEST TO THE SECRETARY OF THE TRUST. THIS CERTIFICATE ALSO EVIDENCES AND
  ENTITLES THE HOLDER TO CERTAIN RIGHTS AS SET FORTH IN THE RIGHTS AGREEMENT
  DATED AS OF MARCH 10, 2004 BETWEEN THE TRUST AND WELLS FARGO BANK,
  NATIONAL ASSOCIATION, AS SUCCESSOR RIGHTS AGENT AND ANY AMENDMENTS OR
  RENEWALS THEREOF (THE “RIGHTS AGREEMENT”), THE TERMS OF WHICH ARE HEREBY
  INCORPORATED HEREIN BY REFERENCE AND COPY WHICH IS ON FILE AT THE APPROVAL
  OFFICES OF THE TRUST. UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHT
  AGREEMENT SUCH RIGHTS WILL BE EVIDENCED BY SEPARATE CERTIFICATES AND WILL NO
  LONGER EVIDENCED BY THIS CERTIFICATE. THE TRUST WILL MAIL TO THE HOLDER OF
  THIS CERTIFICATE A COPY OF THE RIGHTS AGREEMENT, AS IN EFFECT ON THE DATE OF
  MAILING, WITHOUT CHARGE PROMPTLY AFTER RECEIPT OF A WRITTEN REQUEST THEREFOR.
  UNDER CERTAIN CIRCUMSTANCES SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS
  AGREEMENT, RIGHTS BENEFICIALLY OWNED (AS SUCH TERMS IS DEFINED IN THE RIGHTS
  AGREEMENT) BY ANY PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON, OR ANY
  AFFILIATE OR ASSOCIATE THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS
  AGREEMENT), WHETHER CURRENTLY HELD ON BEHALF OF SUCH PERSON OR BY ANY
  SUBSEQUENT HOLDER, MAY BECOME NULL AND VOID. THE RIGHTS SHALL NOT BE
  EXERCISABLE, AND SHALL BE VOID SO LONG AS HELD, BY A HOLDER IN ANY
  JURISDICTION WHERE THE REQUISITE QUALIFICATION TO THE ISSUANCE TO SUCH
  HOLDER, OR THE EXERCISE BY SUCH HOLDER, OF THE RIGHTS IN SUCH JURISDICTION
  SHALL NOT HAVE BEEN OBTAINED OR BE OBTAINABLE. The following abbreviations,
  when used in the inscription on the face of this Certificate, shall be
  construed as though they were written out in full according to applicable
  laws or regulations: TEN COM
  — as tenants in common UTMA — (Cust) Custodian — (Minor) TEN ENT — as tenants
  by entireties under Uniform Transfers to Minors JTTEN - as joint tenants with
  right of survivorship Act and not as tenants in common (State) Additional
  abbreviations may also be used though not in above list. For value received hereby sell, assign,
  and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
  NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP
  CODE OF ASSIGNEE) shares of beneficial interest represented by the within
  Certificate, and do hereby irrevocably constitute and appoint, (Attorney to
  transfer the said shares on the books of the within-named Trust with full
  power of substitution in the premises. Dated
  XX       NOTICE: THE SIGNATURE
  TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE CERTIFICATE
  IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
  SIGNATURE GUARANTEED ALL GUARANTEES
  MUST BE MADE BY A Financial. INSTITUTION (SUCH AS A BANK OR BROKER)
  WHICH IS A PARTIClPANTIN THE NEW YORK STOCK EXCHANGE,INC.MEDALLION SIGNATURE
  PROGRAM (“MSP”), OR THE STOCK EXCHANGES MEDALLION PROGRAM (“SEMP”) AND MUST
  NOT BEDATED. GUARANTEES BY A NOTARY PUBIC ARE NOT ACCEPTABLE.

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