Document:

March 10, 2009

 

Mr. Troy D. Cook

Executive Vice President – Finance,

Chief Financial Officer, Secretary and

Treasurer

NPC International, Inc.

7300 West 129th Street

Overland Park, KS 66213

 

Dear Troy:

Your Amended and Restated Employment Agreement with NPC International, Inc. (the "Company"), dated as of December 29, 2008 (the "New Employment Agreement"), became effective by its terms on January 1, 2009 and technically only has prospective application.  The New Employment Agreement amended the Employment Agreement with the Company originally entered into on May 3, 2006 (the "Original Employment Agreement").

By its terms, the Original Employment Agreement would, among other things, determine the calculation and timing of payment of your bonus compensation for your service to the Company in 2008.  However, it is your intention, and that of the Board of Directors and the Compensation Committee acting on behalf of the Company, that the provisions set forth in Section 4.2 of the New Employment Agreement should instead govern the calculation, timing of payment and other matters addressed therein with respect to your bonus compensation for your service to the Company in 2008.  Accordingly, this letter will serve as confirmation of our agreement that your bonus compensation for your service to the Company in 2008 will be determined in accordance with Section 4.2 of the New Employment Agreement, notwithstanding the terms of the New Employment Agreement or the Original Employment Agreement.
 For purposes of all filings with the Securities and Exchange Commission, this letter agreement will be referred to as "Amendment, dated as of March 10, 2009, to Amended and Restated Employment Agreement, dated as of December 29, 2008, by and between NPC International, Inc., NPC Acquisition Holdings, LLC and Troy D. Cook."

Please acknowledge your agreement with the foregoing by signing in the space indicated below and returning the same to me at your earliest convenience.

Very truly yours,

/s/ James K. Schwartz

James K. Schwartz

President and Chief Executive Officer

 

 

	
            /s/ Troy D. Cook
 	
             
 	
             
 
	
            Troy D. Cook
 	
             
 	
             
 
	
            Executive Vice President – Finance,
 	
             
 	
             
 
	
            Chief Financial Officer, Secretary and Treasurerexhibit1010x.htm

    
      Exhibit
10.10(x)

      

      December
23, 2008

      

      Bart C.
Shuldman

      14
Broadview Road

      Westport,
CT 06880

      

      Re: Amendment to Employment
Agreement

      

      Dear Mr.
Shuldman:

      

      Reference
is made to the Employment Agreement by and between you and TransAct
Technologies, Incorporated (the "Company") dated July 31st, 1996 (the
"Agreement").  In order that the Agreement comply in form with the
applicable requirements of Section 409A of the Internal Revenue Code of 1986, as
amended, the following changes to the Agreement are hereby
proposed:

      

      
        	
                1.  

              	
                Adding
      the following sentence at the end of Subsection
  4(c):

              

      

      

      "In no
event shall the allowance described in this subsection be paid on a basis such
that it would constitute deferred compensation subject to 409A of the
Code."

      

      
        	
                2.  

              	
                Adding
      the following sentence at the end of Subsection
  4(d):

              

      

      

      "Any such
reimbursements shall comply with the Company's expense reimbursement policy as
in effect from time to time."

      

      
        	
                3.  

              	
                Deleting
      clause (D) in Subsection 6.1(f) and replacing it with the following
      text:

              

      

      

      "(D) Any
other action or inaction that constitutes a material breach of the Agreement by
the Company, including without limitation Section 16.   It is
further understood that a resignation shall qualify as a "terminating event"
only if:  (i) the Executive gives the Company notice, within ninety
(90) days of its first existence or occurrence (without the consent of the
Executive) of any or any combination of the events described in this Section
6.1(f)(ii); (ii) the Company fails to cure the eligibility condition(s) within
thirty (30) days of receiving such notice; and (iii) the Executive separates
from service not later than 30 days following the end
of such thirty-day period."

      

      
        	
                4.  

              	
                Adding
      a new Subsection 6.1(g) immediately following Subsection 6.1(f), to readas
      follows:

              

      

      

      "(g)  Separation from
Service.  "Separation from Service" for purposes of the
Agreement shall mean a "separation from service" (as defined at Section
1.409A-1(h) of the Treasury Regulations) from the Company and from all other
corporations and trades or businesses, if any, that would be treated as a single
"service recipient" with the Company under Section 1.409A-1(h)(3) of the
Treasury Regulations."

      

      
        	
                5.  

              	
                Adding
      the following sentence at the end of Subsection
  6.2(b):

              

      

      

      "; provided, that this sentence
shall not apply to any portion of the amounts payable under Section 6(b)(i)-(ii)
that constitutes or includes nonqualified deferred compensation subject to
Section 409A of the Internal Revenue Code of 1986, as amended (the
"Code")."

      

      
        	
                6.  

              	
                Adding
      the following text at the end of Subsection
  6.2(c):

              

      

      

      "Any such
release must be executed in a form prescribed by or acceptable to the Company
and delivered to the Company not later than sixty (60) days following the
Executive's separation from service.  If the Executive's properly
executed release is timely delivered to the Company and the Executive does not
revoke the release within seven (7) days thereafter or within such shorter
period as the Company may prescribe, the severance benefits payable hereunder
shall commence upon the expiration of such seven-day or shorter period; provided, that the first such
payment shall include any amounts that would have been paid earlier but for the
provisions of this subsection (c)."

      

      
        	
                7.  

              	
                Adding
      a new Section 16 immediately following Section 15, to read as
      follows:

              

      

      

      "16.
Executive Incentive
Compensation Plan.  During the twelve (12) month period
subsequent to any Change in Control, neither the Company, nor, if applicable,
any successor to the Company, will eliminate or the Executive's participation in
the Company's Executive Incentive Compensation Plan or reduce the Executive's
target bonus amount under that plan."

      

      
        	
                8.  

              	
                Adding
      a new Section 17 immediately
      following new Section 16, to read
asfollows:

              

      

      

      "17.
Section
409A.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (a) In
General.  To the extent any portion of the payments to be made
under the Agreement constitute deferred compensation subject to Section 409A of
the Code, such payments shall be made in accordance with the payment schedule
provided in Section 6.2 of the Agreement, but not earlier than the 67th day
following the date of the Involuntary Termination.

      

      (b) Specified
Employee.  Notwithstanding any other provision of the
Agreement, if at the time of separation from service, the Executive is a
specified employee as hereinafter defined, any and all amounts payable in
connection with such separation from service that constitute deferred
compensation subject to Section 409A of the Code, as determined by the Company
in its sole discretion, and that would (but for this sentence) be payable within
six (6) months following such separation from service, shall instead be paid on
the date that follows the date of such separation from service by six (6) months
and one (1) day, without interest.  For purposes of the preceding
sentence, the term "specified employee" means an individual who is determined by
the Company to be a specified employee as defined in subsection (a)(2)(B)(i) of
Section 409A of the Code.  The Company may, but need not, elect in
writing, subject to the applicable limitations under Section 409A of the Code,
any of the special elective rules prescribed in Section 1.409A-1(i) of the
Treasury Regulations for purposes of determining "specified employee"
status.  Any such written election shall be deemed part of the
Agreement."

      

      If the
foregoing proposed changes to the Agreement are acceptable to you, please so
indicate in the space indicated below, whereupon the Agreement shall be so
amended effective as of January 1, 2008.

      

      
        	 
      	
                TRANSACT
      TECHNOLOGIES INCORPORATED

              
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Steven A. DeMartino        

              
	 
      	
                Date:

              	
                12/30/2008

              
	 
      	 
      	 
      

      

      

      
        	 
      	 
      
	
                Agreed:

              	 
      
	
                /s/ Bart
      C. Shuldman        

              	 
      
	
                Bart
      C. Shuldmanexhibit1011x.htm

    Exhibit
10.11(x)

    

    December
23, 2008

    

    Michael
S. Kumpf

    716
Bowling Green

    Cortland,
NY 13045

    

    Re:
Amendment to Severance Agreement

    

    Dear Mr.
Kumpf:

    

    Reference
is made to the Severance Agreement by and between you and TransAct Technologies,
Incorporated (the "Company") dated September 4, 1996 (the
"Agreement").  In order that the Agreement comply in form with the
applicable requirements of Section 409A of the Internal Revenue Code of 1986, as
amended, the following changes to the Agreement are hereby
proposed:

    

    Deleting
clause (D) in Subsection 1(d) and replacing it with the following
text:

    

    "(D) Any
other action or inaction that constitutes a material breach of the Agreement by
the Company, including without limitation Section 13.   It is
further understood that a resignation shall qualify as a "terminating event"
only if:  (i) the Executive gives the Company notice, within ninety
(90) days of its first existence or occurrence (without the consent of the
Executive) of any or any combination of the events described in this Section
1(e)(ii); (ii) the Company fails to cure the eligibility condition(s) within
thirty (30) days of receiving such notice; and (iii) the Executive separates
from service not later than 30 days following the end of such thirty-day
period."

    

    Adding a
new Subsection 1(e) immediately following Subsection 1(d), to read as
follows:

    

    "(e)  "Separation
from Service" for purposes of the Agreement shall mean a "separation from
service" (as defined at Section 1.409A-1(h) of the Treasury Regulations) from
the Company and from all other corporations and trades or businesses, if any,
that would be treated as a single "service recipient" with the Company under
Section 1.409A-1(h)(3) of the Treasury Regulations."

    

    Adding
the following sentence at the end of Subsection 2(b):

    

    ";
provided, that this sentence shall not apply to any portion of the amounts
payable under Section 2(b)(i)-(ii) that constitutes or includes nonqualified
deferred compensation subject to Section 409A of the Internal Revenue Code of
1986, as amended (the "Code")."

    

    Adding
the following text at the end of Subsection 2(c):

    

    "Any such
release must be executed in a form prescribed by or acceptable to the Company
and delivered to the Company not later than sixty (60) days following the
Executive's separation from service.  If the Executive's properly
executed release is timely delivered to the Company and the Executive does not
revoke the release within seven (7) days thereafter or within such shorter
period as the Company may prescribe, the severance benefits payable hereunder
shall commence upon the expiration of such seven-day or shorter period;
provided, that the first such payment shall include any amounts that would have
been paid earlier but for the provisions of this subsection (c)."

    

    Adding a
new Section 13 immediately following Section 12, to read as
follows:

    

    "13
Executive Incentive Compensation Plan.  During the twelve (12) month
period subsequent to any Change in Control, neither the Company, nor, if
applicable, any successor to the Company, will eliminate the Executive's
participation in the Company's Executive Incentive Compensation Plan or reduce
the Executive's target bonus amount under that plan."

    

    Adding a
new Section 14 immediately following new Section 13, to read as
follows:

    

    "14
Section 409A.

    

    (a) In
General.  To the extent any portion of the payments to be made under
the Agreement constitute deferred compensation subject to Section 409A of the
Code, such payments shall be made in accordance with the payment schedule
provided in Section 2 of the Agreement, but not earlier than the 67th day
following the date of the Involuntary Termination.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)
Specified Employee.  Notwithstanding any other provision of the
Agreement, if, at the time of separation from service, the Executive is a
specified employee as hereinafter defined, any and all amounts payable in
connection with such separation from service that constitute deferred
compensation subject to Section 409A of the Code, as determined by the Company
in its sole discretion, and that would (but for this sentence) be payable within
six (6) months following such separation from service, shall instead be paid on
the date that follows the date of such separation from service by six (6) months
and one (1) day, without interest.  For purposes of the preceding
sentence, the term "specified employee" means an individual who is determined by
the Company to be a specified employee as defined in subsection (a)(2)(B)(i) of
Section 409A of the Code.  The Company may, but need not, elect in
writing, subject to the applicable limitations under Section 409A of the Code,
any of the special elective rules prescribed in Section 1.409A-1(i) of the
Treasury Regulations for purposes of determining "specified employee"
status.  Any such written election shall be deemed part of the
Agreement."

    

    If the
foregoing proposed changes to the Agreement are acceptable to you, please so
indicate in the space indicated below, whereupon the Agreement shall be so
amended effective as of January 1, 2008.

    

    
      	 
      	
              TRANSACT
      TECHNOLOGIES INCORPORATED

            
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Steven
      A. DeMartino        

            
	 
      	
              Date:

            	
              12/30/2008

            
	 
      	 
      	 
      

    

    

    
      	 
      	 
      
	
              Agreed:

            	 
      
	
              /s/ Michael
      S. Kumpf        

            	 
      
	
              Michael
      S. Kumpf

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