Document:

Indemnification Agreement

 Exhibit 10.5 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of the
     day of             , 20    , between YRC Worldwide Inc., a Delaware corporation (the “Company”), and
                             (“Indemnified Party”). 
 WITNESSETH: 
 WHEREAS, Indemnified
Party is a member of the Board of Directors of the Company (the “Board of Directors”), or is an officer of the Company or one of its subsidiaries or is an employee of the Company that is licensed to practice law (“Counsel”), and
in such capacity is performing a valuable service for the Company; 
 WHEREAS, Indemnified Party may from time to time serve as a director,
officer, employee, trustee or agent of other corporations, partnerships, joint ventures, trusts or other enterprises, entities or plans at the request of the Company in order to pursue the Company’s interests; 
 WHEREAS, highly skilled and competent persons are becoming more reluctant to serve public companies as directors, officers or counsel unless they are
provided with adequate protection through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies; 
 WHEREAS, uncertainties relating to indemnification increase the difficulty of attracting and retaining such persons; 
 WHEREAS, the Board of Directors has determined that an inability to attract and retain such persons is detrimental to the best interests of the Company
and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 
 WHEREAS,
Indemnified Party is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that Indemnified Party be so indemnified; 
 WHEREAS, the Bylaws (the “Bylaws”) of the Company provide for the mandatory indemnification of the officers, directors, agents and employees
(including Counsel) of the Company to the fullest extent authorized by Section 145 of the Delaware General Corporation Law, as amended hereafter (the “DGCL”); 
  

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 WHEREAS, in accordance with the authorization provided by the DGCL, the Company maintains a policy of
Directors’ and Officers’ Liability Insurance (“D&O Insurance”), covering certain liabilities which may be incurred by its directors and officers in the performance of their services for the Company, possibly including certain
liabilities for which indemnification by the Company is not authorized or permitted under the DGCL; 
 [For Counsel only: WHEREAS, in
accordance with the authorization provided by the DGCL, the Company maintains an employed lawyers insurance policy (“E&O Insurance”), covering certain liabilities which may be incurred by its Counsel in the performance of their
professional legal services for the Company;] and 
 WHEREAS, uncertainties with respect to the terms and availability of D&O Insurance
[and E&O Insurance] and with respect to the application, amendment and enforcement of statutory and bylaw indemnification provisions make it desirable to supplement and enhance the adequacy and reliability of the protection afforded to
directors, officers [and Counsel] thereby; 
 NOW, THEREFORE, in consideration of Indemnified Party’s continued service as a director,
officer or Counsel of the Company after the date hereof the parties hereto agree as follows: 
 1) Definitions. 
 a) “Litigation Costs” means costs, charges, expenses and obligations, including, without limitation, all bonds, expenses of
investigation, fees and expenses of experts, accountants or other professionals, travel and lodging expenses, and attorneys’ fees and expenses, reasonably incurred or contracted for in the investigation, defense or prosecution of or other
involvement in any Proceeding and any appeal therefrom, and all costs of appeal, attachment, supersedeas and other bonds that may be relevant to any Proceeding. 
 b) “Losses” means the total of all amounts which Indemnified Party becomes, or may become, legally obligated to pay in connection with any Proceeding, including (without limitation) judgments,
penalties, fines, court or investigative costs, amounts paid in settlement, amounts lost or ordered forfeited pursuant to injunctive sanctions, and all Litigation Costs. 
 c) “Proceeding” means any threatened, pending or completed action, suit, proceeding, subpoena compliance, inquiry or investigation, whether civil, criminal, administrative or investigative (whether
external and involving outside parties or internal to the Company, including, but not limited to, an action by or in the right of the Company and any internal investigation conducted by the Board of Directors or any committee or other designee
thereof or any other person), and whether formal or informal. 
 2) Indemnity of Indemnified Party. The Company hereby agrees to indemnify Indemnified
Party to the fullest extent authorized or permitted by the provisions of the DGCL, including, but not limited to, (a) the maximum extent permitted by the provisions of the DGCL which provide that the DGCL is not the exclusive basis for
indemnification of directors, officers and employees and (ii) the maximum extent authorized or permitted by any amendment thereof or other statutory provision authorizing or permitting such indemnification which is adopted after the date
hereof. 
  

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 3) Additional Indemnity. In addition to and not in substitution for or diminution of the obligations of
indemnification set forth in Section 2 hereof, the Company hereby further agrees to indemnify Indemnified Party, to the fullest extent permitted by law, against any and all Litigation Costs and Losses of Indemnified Party in connection with any
Proceeding to which Indemnified Party is, was or at any time becomes a party, or is threatened to be made a party or otherwise becomes involved (other than as plaintiff except where being a plaintiff or intervenor is necessary to avoid res
judicata or collateral estoppel or other estoppel or other result as to matters which may adversely impact Indemnified Party) by reason of the fact that Indemnified Party is, was or at any time becomes a director, officer, employee or agent of
the Company, or is or was serving or at any time serves at the request of the Company as a director, officer, employee, trustee or agent of another corporation, partnership, joint venture, trust or other enterprise or any benefit plan related to the
business and affairs of the Company, and specifically including any Proceeding brought pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 (the “1934 Act”) or any other provision under the 1934 Act and
the Securities Act of 1933 and the rules and regulations thereunder. 
 4) Limitations on Indemnity. No amounts of Indemnity pursuant to Sections 2 or
3 hereof shall be paid by the Company: 
 a) Except to the extent the aggregate of Litigation Costs and Losses in any Proceeding or group of
related Proceedings to be indemnified thereunder exceeds the amount of Litigation Costs and Losses for which the Indemnified Party actually receives indemnification payments or on whose behalf indemnification payments are made pursuant to any
D&O Insurance policy or from any other source; 
 b) On account of any payments required to be paid by an Indemnified Party as a result
of any Proceeding in which a final, non-appealable judgment is rendered against Indemnified Party for an accounting or disgorgement of profits made from the purchase or sale by Indemnified Party of securities of the Company pursuant to the
provisions of Section 16(b) of the 1934 Act; 
 c) On account of any claim made against Indemnified Party brought about or contributed
to by the dishonesty of Indemnified Party seeking payment hereunder; however, notwithstanding the foregoing, Indemnified Party shall be protected under this Agreement as to any claims upon which suit may be brought against him by reason of any
alleged dishonesty on his part unless a final adjudication adverse to Indemnified Party shall establish that he committed (i) acts of active and deliberate dishonesty (ii) with actual dishonest purpose and intent, which acts were material
to the cause of action so adjudicated; 
 d) If a final non-appealable decision by a court having jurisdiction over the parties and the
subject matter shall determine that such indemnification is not lawful. 
 5) Continuation of Indemnity. All agreements and obligations of the Company
contained herein and in the Certificate of Incorporation, as amended, of the Company and the Bylaws shall continue during the period Indemnified Party is a director, officer, employee, trustee or agent of the Company (or is or was serving at the
request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise or any benefit 

  

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plan related to the business and affairs of the Company or of any of its affiliates, subsidiaries, associates or other entities in which it is interested)
and shall continue thereafter so long as Indemnified Party shall be subject to any possible Litigation Costs or Losses in any Proceeding by reason of the fact that Indemnified Party was a director, officer, employee, trustee or agent of the Company
(or is or was serving at the request of the Company as a director, officer, employee, trustee or agent of another corporation, partnership, joint venture, trust or other enterprise or any such benefit plan). 
 6) Notification and Defense of Claim. Promptly after receipt by Indemnified Party of notice of the commencement of any Proceeding, Indemnified Party will, if a
claim in respect thereof is to be made against the Company under this Agreement, give reasonable notice to the Company of the commencement thereof; but the omission so to notify the Company will not relieve the Company from any liability which it
may have to Indemnified Party unless the Company can demonstrate by clear and convincing evidence that it was materially prejudiced by the failure to receive such notice. With respect to any such Proceeding as to which Indemnified Party becomes
involved: 
 a) The Company will be entitled to participate therein at its own expense; and 
 b) Except as otherwise provided below, to the extent that it may wish, the Company may, jointly with any other indemnifying party, assume the defense
thereof, with outside counsel which must be reasonably satisfactory to Indemnified Party. After notice from the Company to Indemnified Party of its election to so assume the defense thereof (and consent of Indemnified Party as to the Company’s
choice of outside counsel, which consent will not be unreasonably withheld), the Company will be liable to Indemnified Party under this Agreement for all Litigation Costs (subject to Section 4 above and other than as provided below with respect
to attorneys’ fees) incurred in connection therewith. Indemnified Party shall have the right to employ personal counsel in such Proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of
the defense thereof (and consent of Indemnified Party as to the Company’s choice of outside counsel) shall be at the expense of Indemnified Party, unless (i) the employment of counsel for Indemnified Party has been authorized by the
Company, (ii) Indemnified Party shall have concluded in good faith that there may be a conflict of interest between the Company and Indemnified Party in the conduct of the defense (or part of the defense) of such action, or (iii) the
Company shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any
Proceeding brought by or on behalf of the Company or as to which Indemnified Party shall have made the conclusion provided for in (ii) above; and 
 c) The Company shall not be liable to indemnify Indemnified Party under this Agreement for any Losses paid in settlement of any Proceeding or claim effected without its written consent. The Company shall not settle
any Proceeding or claim in any manner which would impose any penalty, sanction or limitation on Indemnified Party, or otherwise effectively indicate the existence of any wrongful act by Indemnified Party, without Indemnified Party’s written
consent. Neither the Company nor Indemnified Party will unreasonably withhold its consent to any proposed settlement. Without intending to limit the circumstances in which it would be unreasonable for the Company to withhold its consent to a
settlement, the parties 

  

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hereto agree it would be unreasonable for the Company to withhold its consent to a settlement in an amount that did not exceed, in the business judgment of
the Board of Directors of the Company, the estimated amount of Litigation Costs of Indemnified Party to litigate the Proceeding to conclusion, provided that there is no other materially adverse consequence to the Company from such settlement.

 7) No Presumptions. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or
its equivalent, shall not, of itself, create a presumption (i) that Indemnified Party did not act in good faith, (ii) with respect to any criminal action or proceeding, that Indemnified Party had reasonable cause to believe that his
conduct constituted a criminal violation or (iii) that Indemnified Party was knowingly fraudulent, deliberately dishonest or committed an act, or made an omission, involving willful misconduct. 
 8) Mandatory Advancement of Expenses. At the request of Indemnified Party, Litigation Costs incurred or contracted for by him in any Proceeding shall be paid by
the Company on a continuing and current basis, in advance of the final disposition of such matter, with the undertaking which Indemnified Party makes hereby that if it shall be ultimately determined that Indemnified Party was not entitled to be
indemnified therefor, or was not entitled to be fully indemnified therefor, Indemnified Party shall repay to the Company the amount, or appropriate portion thereof, so advanced. Such advancement and current payment of Litigation Costs by the Company
shall be made promptly (but in any event within 10 days) after receipt by the Company of Indemnified Party’s request therefor. 
 9) Repayment of
Expenses. Indemnified Party agrees that Indemnified Party will reimburse the Company for all Litigation Costs paid by the Company in connection with any Proceeding in which Indemnified Party is involved in the event and only to the extent that
it shall be ultimately determined by final non-appealable judgment of a court of competent jurisdiction that Indemnified Party is not entitled to be indemnified by the Company for such Litigation Costs under the provisions of the DGCL, the Bylaws
and this Agreement. 
 10) Procedure. 
 a)
Indemnification hereunder shall be made promptly, and in any event within thirty days of Indemnified Party’s written request therefor, unless (i) an affirmative determination is made reasonably and within such thirty-day period by the
Company in the manner provided in subsection (b) below, that Indemnified Party is not entitled to indemnity hereunder for any reason other than as contemplated by clause (ii) of this Section 10(a), or (ii) an affirmative
determination is required by the DGCL or other applicable law that the Indemnified Party met an applicable standard of conduct, in which case the Company will cause such determination to be made within sixty days from the date of the written request
for indemnity. 
 b) The determination to be made by the Company under subsection (a) above shall be based on the facts known at the
time and shall be made (i) by the Board, by a majority vote of a quorum consisting of directors who are not parties to the Proceeding (“disinterested directors”), or (ii) if such a quorum is not obtainable, by independent legal
counsel in a written opinion, or (iii) even if such a quorum is obtainable, by independent legal counsel in a written opinion if the 

  

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Board, by a majority vote of a quorum consisting of disinterested directors, so directs. Any such determination may be contested by Indemnified Party as
hereinafter contemplated. 
 c) A failure to make any required determination within the period of time specified shall be deemed to be a
determination favorable to the Indemnified Party. 
 11) Enforcement. 
 a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on the Company hereby and has obtained the approval of its Board of Directors in order to induce
Indemnified Party to serve as a director, officer or Counsel of the Company and acknowledges that Indemnified Party is relying upon this Agreement in agreeing to serve in such capacity. 
 b) In the event Indemnified Party is required to bring any action to enforce rights or to collect moneys due under this Agreement, the Company shall
reimburse Indemnified Party, on a continuing and current basis, for all of Indemnified Party’s reasonable fees and expenses in bringing and pursuing such action and Indemnified Party shall have no obligation to reimburse the Company therefor
unless Indemnified Party is not successful in such action after rendition of a final, non-appealable judgment by a court of competent jurisdiction. 
 c) The right to indemnification hereunder shall be enforceable by Indemnified Party in any court of competent jurisdiction if Indemnified Party’s claim therefor is denied, in whole or in part, in the manner provided herein, or if no
disposition of such claim is made within sixty days from the receipt by the Company of Indemnified Party’s request for indemnification hereunder. 
 12)
Insurance. To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, an Indemnified Party that is a director or officer of the Company shall be covered by such policy
or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer. [To the extent the Company maintains an E&O Insurance policy or policies providing liability insurance in
connection with rendering professional legal services, an Indemnified Party that is a Counsel of the Company shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any
Company Counsel.] 
 13) Severability. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others so
that if any provision hereof shall be held to be invalid or unenforceable for any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereof. To the extent necessary to effectuate this
Agreement, should any provision hereof be held invalid or unenforceable, this Agreement shall be reformed in such manner as to provide the maximum indemnity contemplated hereby to Indemnified Party, it being the intention of the parties hereto that
this Agreement be otherwise given its maximum effect consistent with the laws of the State of Delaware. 
 14) Obligation to Amend. The Company agrees
to take all actions necessary to amend this Agreement in the future to increase or otherwise maximize the indemnity protections intended to be afforded hereby to the extent then permitted by law. 
  

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 15) Notice. Any notice, request or other communication hereunder to Company or Indemnified Party shall be in
writing and delivered or sent by postage prepaid first class mail or by hand delivery or express mail service or by facsimile copy to Company’s facsimile phone number as follows: (i) if to Company, addressed to YRC Worldwide Inc., [notice
address], and (ii) if to Indemnified Party, to the address shown on the signature page hereof or at such other address as Indemnified Party shall designate from time to time to Company in writing. 
 16) Governing Law; Binding Effect; Amendment and Termination. 
 a) This Agreement shall be interpreted and enforced in accordance with the laws of the State of Delaware. 
 b) This Agreement shall
be binding upon Indemnified Party and upon the Company, its successors and assigns, and shall inure to the benefit of Indemnified Party, his heirs, personal representatives and assigns and to the benefit of the Company, its successors and assigns.
The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or any substantial part of the business and/or assets of the Company, by agreement in form and substance satisfactory to
Indemnified Party, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such
agreement prior to effectiveness of any succession shall be a breach of this Agreement and shall entitle Indemnified Party to appropriate equitable relief or monetary damages from the Company in an amount necessary to provide Indemnified Party with
the protections to which he would be entitled hereunder. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid that executes and delivers the
agreement provided for in this Section 16 or that otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. 
 c) No amendment, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by both parties hereto. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above
written. 
  

			
	 YRC WORLDWIDE INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 INDEMNIFIED PARTY

		
	 By:
	 	  

	 Name:
	 	
	 Address:
	 	

  

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 Exhibit 10.01 
 AMENDMENT NO. 1 TO 
 EDUCATION MANAGEMENT CORPORATION 
 2006 STOCK OPTION PLAN 
 This AMENDMENT NO. 1 TO EDUCATION MANAGEMENT CORPORATION 2006
STOCK OPTION PLAN (the “Amendment”), is made effective as of March 9, 2007. 
 RECITALS 
 WHEREAS, Education Management Corporation, a Pennsylvania corporation (the “Company”) adopted the Education Management Corporation 2006
Stock Option Plan (the “Plan”), effective as of June 1, 2006. 
 WHEREAS, Section 13 of the Plan provides, in
part, that the Board of Directors of the Company (the “Board”) may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made without the consent of a Participant (as defined in the Plan), if
such action would diminish any of the rights of such Participant under any Option (as defined in the Plan) theretofore granted to such Participant under the Plan. 
 WHEREAS, the Board has determined it is in the best interest of the Company and its shareholders to amend the Plan in order to increase the number of Shares (as such term is defined in the Plan) which may be issued
under the Plan. 
 NOW THEREFORE, the Plan is hereby amended as follows: 
 1. Amendment of Section 3 of the Plan. The first sentence of Section 3 of the Plan is hereby deleted in its entirety and replaced with
the following: 
 “The total number of Shares which may be issued under the Plan is 1,620,171, subject to adjustment pursuant to
Section 8 hereof.” 
 2. References to Plan. Following the execution of this Amendment, all references in the Plan to the
“Plan” shall be deemed to be references to the Plan as amended by this Amendment. 
 3. No Further Amendments. Except as
expressly amended and modified herein, all terms and provisions of the Plan shall remain in full force and effect. 
 4. Governing
Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. 

 IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the day and year first above
written. 
  

			
	EDUCATION MANAGEMENT CORPORATION
		
	By:	 	 /s/ Edward H. West

	Name:	 	Edward H. West
	Title:	 	Executive Vice President and Chief Financial Officer

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