Document:

Form of Adoption Agreement for Executive Retirement Plan of Heritage Bank

 EXHIBIT 10.25 
 EXECUTIVE RETIREMENT PLAN 
 OF 
 HERITAGE BANK 
 ADOPTION AGREEMENT

 THIS AGREEMENT is made and entered into this      day of
            , 2007 by and between HERITAGE BANK, a Colorado corporation (the “Bank”), and
                             (the “Participant”). 
 Recitals 
 WHEREAS, the Bank adopted
the Heritage Bank Executive Retirement Plan effective the 1st day of January, 1995; and 
 WHEREAS, such Executive Retirement Plan was
amended and restated as the Heritage Bank Executive Retirement Plan (the “Plan”), effective as of the 1st day of July, 1998; 
 WHEREAS, the Bank has subsequently, in 2006, amended and restated the Plan to clarify its provisions in connection with a Change in Control Event; 
 WHEREAS, in order to assure itself of the valuable services of the Participant, the Bank deems it advisable and in its best interest to continue to
provide the Participant with supplemental retirement benefits as described in the Plan; and 
 WHEREAS, the benefits to be paid under the
Plan are in consideration of services to be performed after the initial date of the Plan, but prior to the Participant’s retirement; 
 Agreement 
 NOW, THEREFORE, the Bank and the Participant hereby agree as follows: 
 1. Incorporation of Plan. The Plan, copy of which is attached, is hereby incorporated into and made a part of this Agreement as though set forth in
full herein. The parties shall be bound by, and have the benefit of, each and every provision of the Plan. Specific provisions of the Plan may be altered by this Agreement only by specific reference to those provisions in this Agreement. By
executing this Agreement the Participant acknowledges receipt of a copy of the Plan and confirms his or her understanding and acceptance of all of the terms, provisions and conditions thereof. 

 2. Participant Information. The Participant
was born on the              day of                     , and will reach
Normal Retirement Age on the              day of                     .
Present employment with the Bank began on the              day of
                    . 
 3.
Plan Benefits. Effective as of the 1st day of January, 1995, the Participant was designated as a Plan Participant. The benefits to be provided pursuant to this Plan are as follows: 
 (a) Benefits Upon Normal Retirement. Upon the Participant Termination of Employment on or after attaining Normal Retirement Age, the Bank shall pay
to the Participant, as compensation for services rendered prior to his or her Normal Retirement Date, monthly payments in an amount equal to              per month. Such payments
shall commence on the first day of the month coincident with or next following the date of Termination of Employment and shall continue on the first day of each month thereafter for a period of 180 months. 
 (b) Benefits Upon Disability. Upon the Participant’s Termination of Employment prior to Normal Retirement Age due to Disability, the Bank
shall pay a Disability benefit to the Participant in the amount of              per month. Such payments shall commence on the first day of the month coincident with or next
following the date the Participant would have otherwise attained Normal Retirement Age and shall continue on the first day of each month thereafter for a period of 180 months. The amount of the monthly payments provided herein is subject to
reduction as provided in paragraph 4, below, in the event such benefits are not 100% nonforfeitable. 
 (c) Pre-Retirement Survivor
Benefit. If the Participant dies prior to commencement of the normal retirement or Disability benefit payments under the Plan, the Bank shall pay to the Participant’s Beneficiary a survivor’s benefit equal to
             per month. Such payments shall commence on the first day of the month coincident with or next following the Participant’s date of death and shall continue on the
first day of each month thereafter for a period of 180 months. 
 (d) Post-Retirement Survivor Benefit. If the Participant dies prior
to receipt of all benefit payments, the Participant’s Primary Beneficiary shall receive the balance of all monthly payments otherwise payable to Participant. If the Primary Beneficiary does not survive the Participant, the Contingent
Beneficiary shall receive the 

  

 2 

 
balance of all monthly payments otherwise payable to the Participant. If such Beneficiary dies prior to receipt of all payments, the balance of such payments
shall be paid to the Beneficiary’s estate. If neither the Primary nor Contingent Beneficiary survives the Participant, the Participant’s estate shall receive the balance of all monthly payments otherwise payable to the Participant.

 (e) Benefits Upon Other Termination of Employment. If a Participant terminates employment prior to attaining his or her Normal
Retirement Age, the Bank shall pay to the Participant the normal retirement benefit described in paragraph 3(a) above. The payment of such benefits shall be pursuant to the terms of such paragraph 3(a) upon attaining Normal Retirement Date. As
provided in Section 4.04 of the Plan, this paragraph 3(e) is not applicable if Participant is discharged for Cause. 
 (f) Benefits
Payable On or After a Change in Control Event. Notwithstanding any provision in this Adoption Agreement or the Plan to the contrary, if a Participant’s Termination of Employment Without Cause occurs on or after a Change in Control Event
(including a Termination of Employment by death), that Termination of Employment shall be treated as a Termination of Employment on or after attaining Normal Retirement Age as described in paragraph 3(a) above. Subject to the provisions of
Section 7.03 of the Plan, the 180 monthly payments payable as specified in paragraph 3(a) upon attaining Normal Retirement Age shall commence on the Bank’s second payroll date following the date of the Participant’s Termination of
Employment. 
 Simultaneously with the Participant’s execution of this Agreement, the Participant may make a Delayed Payment Election to
receive the 180 separate monthly payments provided in this paragraph 3(f) on the first day of the month coincident with or next following the date he or she attains Normal Retirement Age. If any separate monthly payments under a Delayed Payment
election are payable for a month in the 2007 calendar year, these separate payments shall be made without regard to that Delayed Payment Election and any remaining separate payments shall be made over the period beginning with the first day of the
month coincident with or next following the date the Participant would have otherwise attained Normal Retirement Age and shall continue on the first day of each month thereafter until the expiration of the remaining 180-month period. 
  

 3 

 No payment under this paragraph 3(f) shall be reduced in any manner for payment prior to the
Participant’s Normal Retirement Age and the provisions of paragraph 3(d) shall apply (and the provisions of 3(c) shall not apply) in the event of the Participant’s Termination of Employment Without Cause by death as provided in this
paragraph 3(f). 
 In the event of the Participant’s death after his or her Termination of Employment Without Cause as provided in this
paragraph 3(f), the provisions of paragraph 3(d) shall apply to the extent the Participant has not received all of his or her benefit payments and subject to any Payment Election made by the Participant prior to his or her death. 
 4. Vesting of Benefits. If a Participant voluntarily terminates from employment with the Bank prior to attaining Normal Retirement Age or in the
event of his or her other Termination of Employment Without Cause, the Participant’s benefits shall be nonforfeitable only to the extent vested under the following schedule: 
  

			
	 Years of Service
	  	 Percent Nonforfeitable

	1  	  	7.14%
	2  	  	14.28%
	3  	  	21.42%
	4  	  	28.56%
	5  	  	35.70%
	6  	  	42.84%
	7  	  	49.98%
	8  	  	57.12%
	9  	  	64.26%
	10	  	71.40%
	11	  	78.54%
	12	  	85.68%
	13	  	92.82%
	14	  	100.00%

 5. Nonforfeitability of Benefits. Notwithstanding the provisions of paragraph 4, above, a
Participant’s benefit under the Plan shall become completely nonforfeitable if any of the following events occur coincident with or prior to the Participant’s Termination of Employment with the Bank: 
 (a) A Change in Control Event; 
 (b) The
Participant terminates his or her employment with the Bank for good reason. For purposes of this paragraph, termination for “Good Reason” shall 

  

 4 

 
mean the assignment to Participant of duties inconsistent with Participant’s position, duties or responsibilities as in effect immediately prior to the
effective date of the July, 1998 amendment and restatement of this Plan including, but not limited to, any material reduction in such position, duties or responsibilities; 
 (c) The death of the Participant; 
 (d) The
Participant attains Normal Retirement Age and is employed by Bank on such date; or 
 (e) Termination of the Plan. 
 6. Participant Disability/Computation of Years of Service. In the event a Participant incurs a Disability, such Participant shall continue to earn
Years of Service for the purpose of increasing the Participant’s nonforfeitable percentage of vesting of benefits provided in paragraph 4, above. The Administrative Committee, in its discretion, shall determine if a Participant has incurred a
Disability and such date, if ever, that such Participant is no longer considered to have a Disability. 
 7. Designation of
Beneficiary. The Participant hereby designates the persons named on the attached Exhibit “A” (Beneficiary Designation) to receive benefits payable in the event of Participant’s death while employed by the Bank and while a
Participant in the Plan, or in the event of Participant’s death after Normal Retirement Age but prior to receiving all benefits payable under the Plan. 
 8. Post-Termination Obligations. All payments and benefits to the Participant under this Agreement shall be subject to the Participant’s compliance with the following provisions during the term of his
employment and for five full years after the expiration or termination thereof. 
 (a) Assistance in Litigation. The Participant
shall, upon reasonable notice, furnish such information and proper assistance to the Bank as may reasonably be required by the Bank in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party.

 (b) Confidential Information. The Participant shall not, to the detriment of the Bank, knowingly disclose or reveal to any
unauthorized person any trade secret or other confidential information relating to the Bank, its subsidiaries or affiliates, or to any of the businesses operated by them, including without limitation, any customer lists, and the Participant confirms
that such information constitutes the exclusive property of the Bank. 
  

 5 

 9. Effect of Provisions. This Agreement shall inure to the benefit of, and be binding upon, the
Bank, its successors and assigns, including but not limited to any successor of the Bank upon and after a Change in Control Event, and the Participant and his or her Beneficiaries. The provisions of this Agreement replace in their entirety the
provisions of any prior agreement between the Bank and the Participant with respect to the Plan. 
 [Signature page and Participant’s
Payment Election follow.] 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have signed and entered into this Agreement on the date first
above written. 
  

			
	BANK:
	
	Heritage Bank
		
	By:	 	  

		 	President

 PARTICIPANT’S PAYMENT ELECTION AND EXECUTION 
  ̈ Delayed Payment Election: that is, separate monthly payments commencing on the first day of the month coincident with or immediately
following my Normal Retirement Age. 
  

	
	PARTICIPANT:
	
	  

  

 7Amendment to Credit Facility

 Exhibit 10.57 
 FIRST AMENDMENT 
 THIS FIRST AMENDMENT (this “Amendment”) dated as of December
    , 2007 is among ICT Group, Inc., a Pennsylvania corporation (the “Borrower”), the Guarantors identified on the signature pages hereto (the “Guarantors”), the Lenders identified on the
signature pages hereto and Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”). 
 W I T N E S S E T H 
 WHEREAS, revolving credit facilities have been extended to the Borrower pursuant to the Amended and Restated
Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the “Credit Agreement”) dated as of June 24, 2005 among the Borrower, the Guarantors, the Lenders identified therein and the
Administrative Agent; and 
 WHEREAS, the Borrower has requested certain modifications to the Credit Agreement and the Required Lenders have
agreed to the requested modifications on the terms set forth herein. 
 NOW, THEREFORE, IN CONSIDERATION of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Defined
Terms. Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement. 
 2. Amendment. The definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is amended to read as follows: 
 “Consolidated EBITDA” means, for any period for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such period plus the following to the
extent deducted in calculating such Consolidated Net Income: (a) Consolidated Interest Charges for such period, (b) the provision for federal, state, local and foreign income taxes payable by the Borrower and its Subsidiaries for such
period, (c) the amount of depreciation and amortization expense for such period, (d) non-cash accruals, or one or more cash payments made during 2005, which non-cash accruals and cash payments do not exceed $15 million in the aggregate,
relating to the Settlement Agreement, (e) non-cash charges relating to the write-down of goodwill in an aggregate amount up to $10 million in any fiscal year, (f) non-cash charges incurred during the fiscal year ending December 31,
2007 in connection with a valuation allowance recorded in September 2007 against deferred tax assets relating to US net operating losses in an aggregate amount up to $6,800,000 and (g) restructuring charges incurred during the fiscal year
ending December 31, 2007 in connection with ongoing lease obligations, asset impairment and severance in an aggregate amount up to $7,646,000, all as determined in accordance with GAAP but excluding extraordinary gains and losses and the
related tax effects thereon. 
 3. Conditions Precedent. This Amendment shall be effective as of the date hereof upon execution of
this Amendment by the Loan Parties and the Required Lenders. 
 4. Amendment is a “Loan Document”. This Amendment is a Loan
Document. 
 5. Reaffirmation of Representations and Warranties. Each Loan Party represents and warrants that, after giving effect to
this Amendment, the representations and warranties set forth in the Loan Documents are true and correct in all material respects as of the date hereof (except those that expressly relate to an earlier period). 

 6. Reaffirmation of Obligations. Each Loan Party (a) acknowledges and consents to all of the
terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan
Party’s obligations under the Loan Documents. 
 7. Reaffirmation of Security Interests. Each Loan Party (a) affirms that
each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment shall in no manner impair or otherwise adversely effect any of the Liens granted in or pursuant to the Loan Documents.

 8. No Other Changes. Except as modified hereby, all of the terms and provisions of the Loan Documents (including schedules and
exhibits thereto) shall remain in full force and effect. 
 9. Counterparts; Facsimile Delivery. This Amendment may be executed in any
number of counterparts, each of which when so executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart. Delivery of an executed
counterpart of this Amendment by facsimile or electronic mail shall be effective as an original. 
 10. Governing Law. This Amendment
shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of New York. 
 [Signature Pages Follow] 
  

 2 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this First Amendment to be
duly executed and delivered as of the date first above written. 
 BORROWER: 
  

			
	ICT GROUP, INC., a Pennsylvania corporation
		
	By:	 	  

	Name:	 	Vincent A. Paccapaniccia
	Title:	 	Executive Vice President, Chief Financial Officer

 GUARANTORS: 
  

			
	YARDLEY ENTERPRISES, INC., a Delaware corporation
		
	By:	 	  

	Name:	 	Vincent A. Paccapaniccia
	Title:	 	Chief Financial Officer and Treasurer
	
	ICT INTERNATIONAL, INC., a Delaware corporation
		
	By:	 	  

	Name:	 	Vincent A. Paccapaniccia
	Title:	 	Chief Financial Officer and Treasurer
	
	HARVEST RESOURCES, INC., a Delaware corporation
		
	By:	 	  

	Name:	 	Vincent A. Paccapaniccia
	Title:	 	Chief Financial Officer and Treasurer

 [Signature Pages Continue] 

 ADMINISTRATIVE AGENT: 
  

			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 LENDER: 
  

			
	 BANK OF AMERICA, N.A., as a Lender,
L/C Issuer and Swing Line Lender

		
	By:	 	  

	Name:	 	Mary Giermek
	Title:	 	Senior Vice President
	
	CITIZENS BANK
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	LASALLE BANK NATIONAL ASSOCIATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SOVEREIGN BANK
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MANUFACTURERS & TRADERS TRUST COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	  

	Name:	 	
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]