Document:

Exhibit 10.1

DESCRIPTION OF 2018 CASH BONUS PLAN

On February 16, 2018, the Compensation Committee (the "Committee") of the Board of Directors of Covenant Transportation Group, Inc., a Nevada corporation (the "Company"), approved performance-based bonus opportunities for the Company's senior management group (the "2018 Bonus Program") under the Company's 2006 Omnibus Incentive Plan, as amended (the "Plan").  As set forth in the Plan, the Committee may choose from a range of defined performance measures.

Under the 2018 Bonus Program, and consistent with the objectives of the Plan, certain employees, including the Company's named executive officers, may receive annual cash bonuses upon satisfaction of 2018 consolidated adjusted earnings per share targets (and, for Sam Hough and Paul Newbourne, the satisfaction of 2018 operating income and operating ratio targets established for Covenant Transport, Inc. ("CTI") and Covenant Transport Solutions, LLC ("Solutions"), respectively) (collectively, the "2018 Performance Targets").  Each applicable 2018 Performance Target corresponds to a percentage bonus opportunity for the employee that is multiplied by the employee's 2018 year-end annualized base salary to determine the employee's bonus.  Pursuant to the 2018 Program, in 2018 the Company's named executive officers are eligible to receive performance-based bonuses as follows: (i) David Parker may receive between 17.5% and 140.0% of his 2018 year-end annualized base salary depending on the level of 2018 Performance Targets that is achieved, if any, (ii) Joey Hogan may receive between 16.25% and 130.0% of his 2018 year-end annualized salary depending on the level of 2018 Performance Targets that is achieved, if any, (iii) Richard Cribbs may receive between 12.5% and 100.0% of his 2018 year-end annualized base salary depending on the level of 2018 Performance Targets that is achieved, if any, (iv) Sam Hough may receive between 6.25% and 50.0% of his 2018 year-end annualized base salary depending on the level of 2018 Performance Targets that is achieved, if any, and between 6.25% and 50.0% of his 2018 year-end annualized salary depending on the Performance Targets achieved for CTI, if any, and (v) Paul Newbourne may receive between 6.25% and 50.0% of his 2018 year-end annualized base salary depending on the level of 2018 Performance Targets that is achieved, if any, and between 25.0% and 50.0% of his 2018 year-end annualized salary depending on the Performance Targets achieved for Solutions, excluding its Transport Financial Solutions or “TFS” business line, if any.  The performance bonuses based upon 2018 Performance Targets are subject to a 10.0% upward or downward adjustment depending on year-over-year net income margin percent improvement/decline of the Company compared to five peer companies. The peer companies for 2018 are: Marten Transport, Ltd., PAM Transportation Services, Inc., Schneider National, Inc., USA Truck, Inc., and Werner Enterprises, Inc.

 

Back to Form 10-QExhibit

Exhibit 10.1

[*]  Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

AMENDMENT NO. 5 TO
AMENDED AND RESTATED
WALMART MONEYCARD PROGRAM AGREEMENT

This Amendment No. 5 to the Amended and Restated Walmart MoneyCard Program Agreement ("Amendment") is made as of March 8, 2018 ("Amendment Effective Date") by and among Walmart Inc. (f/k/a Wal-Mart Stores, Inc.), a Delaware corporation, Wal-Mart Stores Texas LLC, a Delaware limited liability company, Wal-Mart Louisiana, LLC, a Delaware limited liability company, Wal-Mart Stores Arkansas, LLC, an Arkansas limited liability company, Wal-Mart Stores East, LP, a Delaware limited partnership and Wal-Mart Puerto Rico, Inc., a Puerto Rico corporation (each of the foregoing entities, individually and collectively, "Retailer"), (2) Green Dot Corporation ("GDC" or “Green Dot"), a Delaware corporation, and (3) Green Dot Bank, a Utah chartered Fed member bank and wholly owned subsidiary of GDC ("Bank"). Each of the foregoing parties is sometimes referred to herein as "Party,'' and collectively they are referred to as the “Parties.”

WHEREAS, Retailer, Green Dot and Bank are party to that certain Amended and Restated Walmart MoneyCard Program Agreement, dated as of May 1, 2015 (as amended, "Agreement");

WHEREAS, pursuant to the Agreement, Retailer markets and sells the Walmart MoneyCard prepaid card issued by Bank and serviced by Green Dot (the "MoneyCard");

WHEREAS, pursuant to the Agreement, the Parties agreed that the MoneyCard would not be available for sale at Stores located in the Commonwealth of Puerto Rico; and

WHEREAS, the Parties desire to amend the Agreement to allow for the distribution of the MoneyCard within the Commonwealth of Puerto Rico as of the Amendment Effective Date;

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

1.     Capitalized terms used in this Amendment and not specifically defined in this Amendment have the meaning ascribed to such terms in the Agreement.

2.     Section 1.1 of the Agreement is amended by replacing the definition of "Territory" in its entirety with the definition below.

"Territory" means the states of the United States of America (except Vermont), the District of Columbia, and the Commonwealth of Puerto Rico.

3.     Sections 2.4(d) and 2.4(e) of the Agreement are hereby deleted in their entirety, and any references to such sections made throughout the Agreement are void and of no further force or effect.

4.     Retailer agrees that it will not market the Program in [*] except upon the prior written approval of GDC and Bank.

5.     Except as expressly amended or supplemented hereby, the terms and conditions of the Agreement shall remain in full force and effect. In the event of any inconsistency between the terms of this Amendment and the Agreement, the terms of this Amendment shall control. This Amendment may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together constitute one and the same agreement. The Parties may execute and deliver this Amendment electronically, including by facsimile.

IN WITNESS WHEREOF, Retailer, Bank and Green Dot have caused this Amendment to be executed by their respective officers or agents thereunto duly authorized as of the Amendment Effective Date.

	
			
	WALMART INC. (f/k/a WAL-MART STORES, INC.)
WAL-MART STORES ARKANSAS, LLC
WAL-MART STORES EAST, LP 
WAL-MART STORES TEXAS, LLC 
WAL-MART LOUISIANA, LLC 
WAL-MART PUERTO RICO, INC.

By:    /s/ Daniel J. Eckert        
Name: Daniel J. Eckert
Title:  Senior Vice President
	 
	GREEN DOT BANK
By:   /s/ Mary Dent                 
Name:   Mary Dent                 
Title:   CEO                             

	
		
	GREEN DOT CORPORATION
By:   /s/ Steven W. Streit        
Name:   Steven W. Streit       
Title:   CEO                            
	 

*Confidential Treatment RequestedExhibit

Exhibit 10.1

AMENDMENT NUMBER THIRTEEN
to the
MORTGAGE LOAN PARTICIPATION PURCHASE AND SALE AGREEMENT
dated as of March 25, 2011
between
BARCLAYS BANK PLC
and
NATIONSTAR MORTGAGE LLC
This AMENDMENT NUMBER THIRTEEN (this “Amendment”) is made as of this 22nd day of March, 2018, by and between Barclays Bank PLC (“Purchaser” and “Agent”) and Nationstar Mortgage LLC (“Seller”), to that certain Mortgage Loan Participation Purchase and Sale Agreement, dated as of March 25, 2011 (as amended by that certain (i) Amendment and Waiver, dated as of February 17, 2012, (ii) Amendment Number One to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of February 29, 2012, (iii) Amendment Number Two to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of August 28, 2012, (iv) Amendment Number Three to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of December 24, 2012, (v) Amendment Number Four to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of July 18, 2013, (vi) Amendment Number Five to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of July 24, 2013, (vii) Amendment Number Six to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of September 20, 2013, (viii) Amendment Number Seven to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of August 21, 2014, (ix) Amendment Number Eight to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of October 20, 2014, (x) Amendment Number Nine to the Mortgage Loan Participation and Sale Agreement, dated as of October 19, 2015, (xi) Amendment Number Ten to the Mortgage Loan Participation and Sale Agreement, dated as of October 17, 2016, (xii) Amendment Number Eleven to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of October 31, 2016, and (xiii) Amendment Number Twelve to the Mortgage Loan Participation Purchase and Sale Agreement, dated as of October 30, 2017, each by and between Purchaser and Seller, and as further amended, restated, supplemented or otherwise modified from time to time, the “Purchase Agreement”), by and between Purchaser and Seller.
WHEREAS, Purchaser, Agent and Seller have agreed to amend the Purchase Agreement as more particularly set forth herein.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants herein contained, the parties hereto hereby agree as follows:  
SECTION 1.Amendment. Effective as of the Effective Date, the Purchase Agreement is hereby amended as follows:
(a)    Section 1 of the Purchase Agreement is hereby amended by deleting the defined term “Change in Control” in its entirety and replacing it with the following:
“Change in Control” means, 

(i) at any time prior to the consummation of the Merger, (a) less than 100% of Seller’s equity securities are owned, directly or indirectly, by Nationstar Mortgage Holdings Inc. (“NMH”), (b) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of such person and its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), other than one or more Permitted Holders, becomes the “beneficial owner” (as defined in Rules 13(d)‐3 and 13(d)‐5 under such Act), of more than the greater of (x) 35% of the then-outstanding voting power of NMH’s voting equity interests and (y) the percentage of the then-outstanding voting power of NMH’s voting equity interests owned, in the aggregate, directly or indirectly, beneficially and of record, by the Permitted Holders, determined after such person’s or group’s most recent acquisition of outstanding voting power of NMH’s voting equity interests; unless the Permitted Holders have, at such time, the right or the ability by voting power, contract or otherwise to elect or designate for election at least a majority of NMH’s board of directors, or (c) a sale of all or substantially all of the assets of Seller; and
 (ii) at any time upon or after the consummation of the Merger, (a) less than 100% of Seller’s equity securities are owned, directly or indirectly, by NMH, (b) less than 100% of NMH’s equity securities are owned, directly or indirectly by WMIH, (c) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of such person and its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), becomes the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act), of more than the greater of (x) 35% of the then-outstanding voting power of WMIH’s voting equity interests, and (y) the percentage of the then-outstanding voting power of WMIH’s voting equity interests owned, in the aggregate, directly or indirectly, beneficially and of record, by the New Permitted Holders, determined after such person’s or group’s most recent acquisition of outstanding voting power of WMIH’s voting equity interests; unless the New Permitted Holders have, at such time, the right or the ability by voting power, contract or otherwise to elect or designate for election at least a majority of WMIH’s board of directors; or (d) a sale of all or substantially all of the assets of Seller.
(b)    Section 1 of the Purchase Agreement is hereby amended by adding the following defined terms “Merger,” “New Permitted Holders,” and “WMIH” in their proper alphabetical sequence:

“Merger” means the occurrence of a merger of Wand Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of WMIH, with and into NMH, with NMH continuing as the surviving corporation and a wholly-owned subsidiary of WMIH.
“New Permitted Holders” shall mean KKR & Co. LLP, management of WMIH, KKR & Co. LLP controlled investment affiliates and any other Person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with KKR & Co. LLP (but, in each case, excluding any “portfolio company” (as such term is customarily used in the private equity business) of KKR & Co. 

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LLP). For purposes of this definition, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative of the foregoing.
“WMIH” means WMIH Corp., a Delaware corporation.
SECTION 2.Fees and Expenses.  Seller agrees to pay to Purchaser all fees and out of pocket expenses incurred by Purchaser and Agent in connection with this Amendment, including all reasonable fees and out of pocket costs and expenses of the legal counsel to Purchaser and Agent incurred in connection with this Amendment, in accordance with Section 21 of the Purchase Agreement.  
SECTION 3.Defined Terms.  Any terms capitalized but not otherwise defined herein should have the respective meanings set forth in the Purchase Agreement.
SECTION 4.Conditions to Effectiveness of this Amendment.  This Amendment shall become effective on the day (the “Effective Date”) when Seller shall have paid or delivered, as applicable, to Purchaser all of the following fees, expenses, documents and instruments, each of which shall be in form and substance acceptable to Purchaser:
(a)    all accrued and unpaid fees and expenses owed to Purchaser in accordance with the Facility Documents, in each case, in immediately available funds, and without deduction, set-off or counterclaim; 
(b)    a copy of this Amendment duly executed by each of the parties hereto;  
(c)    a copy of (i) the Amendment Number Five to the Second Amended and Restated Master Repurchase Agreement, dated as of the date hereof and (ii) the Amendment Number Nine to the Loan and Security Agreement, dated as of the date hereof, in each case duly executed by each of the parties thereto;
 (d)    any other documents reasonably requested by Purchaser on or prior to the date hereof.
SECTION 5.Limited Effect.  Except as amended hereby, the Purchase Agreement shall continue in full force and effect in accordance with its terms.  Reference to this Amendment need not be made in the Purchase Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Purchase Agreement, any reference in any of such items to the Purchase Agreement being sufficient to refer to the Purchase Agreement as amended hereby.
SECTION 6.Representations.  In order to induce Purchaser and Agent to execute and deliver this Amendment, Seller hereby represents to Purchaser and Agent that as of the date hereof, (i) Seller is in full compliance with all of the terms and conditions of the Program Documents and remains bound by the terms thereof, (ii) no default or event of default has occurred and is continuing 

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under the Program Documents, and (iii) no Servicing Termination Event has occurred and is continuing under the Purchase Agreement.
SECTION 7.Governing Law.  This Amendment and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of the State of New York, without regard to principles of conflict of laws (other than Sections 5-1401 and 5‐1402 of the New York General Obligations Law which shall be applicable).
SECTION 8.Counterparts.  For the purpose of facilitating the execution of this Amendment, and for other purposes, this Amendment may be executed simultaneously in any number of counterparts.  Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.  The parties intend that faxed signatures and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding on all parties. The original documents shall be promptly delivered, if requested.

[REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

IN WITNESS WHEREOF, Purchaser, Agent and Seller have caused their names to be duly signed to this Amendment by their respective officers thereunto duly authorized, all as of the date first above written.
BARCLAYS BANK PLC, 
as Purchaser and Agent
By:_/s/ Ellen Kierman___________________ 
Name: Ellen Kierman 
Title: Director
NATIONSTAR MORTGAGE LLC, 
as Seller
By:_/s/ Jeffrey Neufeld___________________ 
Name: Jeffrey Neufeld 
Title: Senior Vice President and Treasurer

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