Document:

exv10w7

Exhibit 10.7

Human Resources

Direct 866.292.2098

HR@rightnow.com

TRANSMITTED VIA EMAIL

jmerrick@rightnow.com

March 8, 2011

Alan Rassaby

RightNow Technologies

Dear Alan,

The purpose of this letter is to amend the terms of your ongoing employment by providing for new
severance benefits. This letter sets out all of your entitlements to severance in the event of
termination of employment, and replaces any previous offer letter to the extent of any
inconsistency.

Any capitalized terms in this letter shall have the same meaning as in the attachment to this
letter.

Termination of Employment: You will receive the following benefits if your employment with
the Company (or any successor company or affiliated entity with which you are then employed) is
terminated by the Company or such other employer without Cause:

	 	(i)	 	acceleration of 12.5% of your then unvested stock options in connection with
all stock option awards made on or after February 25, 2011, and subject to the terms
and conditions of each such stock option agreement that is executed by you and the
Company;
	 
	 	(ii)	 	12 months salary continuation at your then current base salary; and
	 
	 	(iii)	 	Reimbursement of the cost of your COBRA premium for a maximum of 18 months
provided you continue to be eligible for COBRA.

Termination of Employment following a Change of Control: In lieu of the benefits referred
to above, you will receive the following benefits if (a) your employment with the Company (or any
successor company or affiliated entity with which you are then employed) is terminated by the
Company or such other employer without Cause within three months before, or eighteen months
following the date of a Change in Control of the Company; or (b) your employment with the Company
(or any successor company or affiliated entity with which you are then employed) is terminated by
you for Good Reason within three months before or eighteen months following the date of a Change in
Control of the Company:

 

 

	 	(i)	 	acceleration of 100% of your then unvested stock options in connection with
all stock option awards made on or after February 25, 2011, and subject to the terms
and conditions of each such stock option agreement that is executed by you and the
Company;
	 
	 	(ii)	 	12 months salary continuation at your then current base salary;
	 
	 	(iii)	 	Reimbursement of the cost of your COBRA premium for a maximum of 18 months
provided you continue to be eligible for COBRA; provided that
	 
	 	 	 	the benefits referred to in paragraphs (i), (ii) and (iii) are subject to
reduction to avoid a negative tax consequence to you. Your benefits will be
reduced by the amount necessary to prevent any part of any payment or benefit
received by you from being treated as an “excess parachute payment” under section
280G(b)(1) of the Internal Revenue Code, but only if and to the extent such
reduction will also result in a greater after tax benefit to you than the after
tax benefit to you of the severance payments computed without regard to any
reduction.

All other terms and conditions in your current offer of employment will remain in place, and will
not be affected by this change. In addition, nothing in this letter changes the terms and
conditions of any existing stock option agreements that you have with the Company, including any
rights to acceleration that you have under those agreements.

Please sign below to acknowledge your acceptance of this offer, and return it me by March 25, 2011.

Sincerely,

	 	 	 	 
	 

Tory Atkins

	 	 
 Alan
Rassaby	 
	Director, Human Resources
	 	 	 

 

 

ATTACHMENT

DEFINITIONS

“Change in Control” shall mean a change in ownership or control of the Company effected through any
of the following transactions:

	 	1.	 	merger, consolidation or other reorganization unless securities representing
more than 50% of the total combined voting power of the voting securities of the
successor corporation are immediately thereafter beneficially owned, directly or
indirectly and in substantially the same proportion, by the persons who beneficially
owned the Company’s outstanding voting securities immediately prior to such
transaction;
	 
	 	2.	 	the sale, transfer or other disposition of all or substantially all of the
Company’s assets;
	 
	 	3.	 	the acquisition, directly or indirectly by any person or related group of
persons (other than the Company or a person that directly or indirectly controls, is
controlled by, or is under common control with, the Company), of beneficial ownership
(within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more
than 50% of the total combined voting power of the Company’s outstanding securities
pursuant to a tender or exchange offer made directly to the Company’s stockholders; or
	 
	 	4.	 	a change in the composition of the Board of Directors over a period of 36
consecutive months or less such that a majority of the directors ceases, by reason of
one or more contested elections for directorship, to be comprised of individuals who
either (i) have been directors continuously since the beginning of such period or (ii)
have been elected or nominated for election as directors during such period by at
least a majority of the directors described in clause (i) who were still in office at
the time the Board of Directors approved such election or nomination.

Following a Change in Control, “Company” shall refer to the successor corporation in the
transaction.

Termination of employment for “Cause” shall mean termination by the Company of your employment
based upon (i) the willful and continued failure by you substantially to perform your duties and
obligations (other than any such failure resulting from your incapacity due to physical or mental
illness or any such actual or anticipated failure resulting from your termination for “Good Reason”
as defined below), (ii) your conviction or plea bargain in connection with the commission or
alleged commission of any felony or gross misdemeanor involving moral turpitude, fraud or
misappropriation of funds, or (iii) your willful engaging in misconduct which causes substantial
injury to the Company, its other employees or its

 

 

clients, whether monetarily or otherwise. For purposes of this paragraph, no action or failure to
act on your part shall be considered “willful” unless done, or omitted to be done, by you in bad
faith and without reasonable belief that your action or omission was in the best interests of the
Company.

“Good Reason” shall mean the occurrence of any of the following events following a Change in
Control, except for the occurrence of such an event in connection with the termination of your
employment by the Company (or any successor company or affiliated entity then employing you) for
Cause, Disability or death:

	 	1.	 	the assignment to you of employment duties or responsibilities which are not
substantially comparable in responsibility and status to the employment duties and
responsibilities you held immediately prior to the Change in Control;
	 
	 	2.	 	a reduction in your base salary as in effect immediately prior to the Change
in Control or as the same may be increased from time to time during the term of this
Agreement; or
	 
	 	3.	 	requiring you to work in a location more than 50 miles from your office
location immediately prior to the Change in Control, except for requirements of
temporary travel on the Company’s business to an extent substantially consistent with
your business travel obligations immediately prior to the Change in Control.Exhibit 10.2

Exhibit 10.2

AMERISOURCEBERGEN CORPORATION

2011 EMPLOYEE STOCK PURCHASE PLAN

I. PURPOSE OF THE PLAN

This 2011 Employee Stock Purchase Plan is intended to promote the interests of
AmerisourceBergen Corporation (“the Company”) by providing eligible employees with the opportunity
to acquire a proprietary interest in the Company through participation in a payroll-deduction based
employee stock purchase plan intended to meet the requirements of section 423 of the Code.

This Plan will be effective July 1, 2011 and will apply to any purchase right granted, or
stock transferred pursuant to any purchase right granted, on or after July 1, 2011. Any purchase
right granted, or stock transferred pursuant to any purchase right granted, prior to July 1, 2011
will be governed by the terms and conditions of the AmerisourceBergen Corporation 2002 Employee
Stock Purchase Plan as in effect at the time such purchase right was granted.

Capitalized terms herein shall have the meanings assigned to such terms in Article XII.

II. ADMINISTRATION OF THE PLAN

The Plan Administrator shall have full authority to interpret and construe any provision of
the Plan and to adopt such rules and regulations for administering the Plan as it may deem
necessary or appropriate in order to implement the Plan or to comply with the requirements of
section 423 of the Code. Decisions of the Plan Administrator shall be final and binding on all
parties having an interest in the Plan.

III. STOCK SUBJECT TO PLAN

A. The stock purchasable under the Plan shall be shares of authorized but unissued or
reacquired Common Stock, including shares of Common Stock purchased on the open market. The maximum
number of shares of Common Stock which may be issued over the term of the Plan shall not exceed
4,000,000 shares as of the effective date of the Plan.

B. Should any change be made to the Common Stock by reason of any stock split, stock
dividend, recapitalization, combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate
adjustments shall be made to (i) the maximum number and class of securities issuable under the
Plan, (ii) the maximum number and class of securities purchasable per Participant on any one
Purchase Date and (iii) the number and class of securities and the price per share in effect under
each outstanding purchase right in order to prevent the dilution or enlargement of benefits
thereunder.

 

 

 

IV. PURCHASE/HOLDING PERIODS

A. Shares of Common Stock shall be offered for purchase under the Plan through a series of
successive purchase periods until such time as (i) the maximum number of shares of Common Stock
available for issuance under the Plan shall have been purchased or (ii) the Plan shall have been
sooner terminated.

B. Except as otherwise provided in Section X or as otherwise provided by the Plan
Administrator, each purchase period shall have a duration of six (6) months. The start date and end
date for each purchase period shall be established by the Plan Administrator from time to time.

C. Except as otherwise provided by the Plan Administrator, a Participant may not dispose
of any share of Common Stock purchased under the Plan prior to six months after the transfer of the
share to the Participant.

V. ELIGIBILITY

A. Each individual who (i) is an Eligible Employee on the start date of any purchase
period and (ii) has completed thirty (30) days of service with the Company or any Corporate
Affiliate prior to such start date shall be eligible to participate in the Plan for that purchase
period on such start date.

B. To participate in the Plan for a particular purchase period, the Eligible Employee must
complete the enrollment forms prescribed by the Plan Administrator (including a stock purchase
agreement and a payroll deduction authorization form) and file such forms with the Plan
Administrator (or its designate) on or before the 30th day preceding the start date of the purchase
period.

VI. PAYROLL DEDUCTIONS

A. The payroll deduction authorized by the Participant for purposes of acquiring shares of
Common Stock under the Plan may be any multiple of one percent (1%) of the Base Salary paid to the
Participant during each purchase period, up to a maximum of twenty-five percent (25%). The
deduction rate so authorized shall continue in effect for the entire purchase period. However, the
Participant may, at any time during the purchase period, reduce his or her rate of payroll
deduction to become effective as soon as possible after filing the appropriate form with the Plan
Administrator. The Participant may not, however, effect more than one such reduction per purchase
period.

B. Payroll deductions shall begin on the first pay day following the start date of the
purchase period and shall (unless sooner terminated by the Participant) continue through the pay
day ending with or immediately prior to the last day of the purchase period. The amounts so
collected shall be credited to the Participant’s book account under the Plan, but no interest shall
be paid on the balance from time to time outstanding in such account. The amounts collected from
the Participant shall not be held in any segregated account or trust fund and may be commingled
with the general assets of the Company and used for general corporate purposes.

 

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C. Payroll deductions shall automatically cease upon the termination of the Participant’s
purchase right in accordance with the provisions of the Plan.

VII. PURCHASE RIGHTS

A. Grant of Purchase Right. A Participant shall be granted a separate purchase right on
the start date of each purchase period in which he or she participates. The purchase right shall
provide the Participant with the right to purchase shares of Common Stock on the Purchase Date upon
the terms set forth below. The Participant shall execute a stock purchase agreement embodying such
terms and such other provisions (not inconsistent with the Plan) as the Plan Administrator may deem
advisable.

Under no circumstances shall purchase rights be granted under the Plan to any Eligible
Employee if such individual would, immediately after the grant, own (within the meaning of section
424(d) of the Code) or hold outstanding options or other rights 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 any Corporate Affiliate.

B. Exercise of the Purchase Right. Each purchase right shall be automatically exercised on
the Purchase Date, and shares of Common Stock shall accordingly be purchased on behalf of each
Participant (other than any Participant whose payroll deductions have previously been refunded in
accordance with the Termination of Purchase Right provisions below) on such date. The purchase
shall be affected by applying the Participant’s payroll deductions for the purchase period ending
on such Purchase Date to the purchase of shares of Common Stock (subject to the limitation on the
maximum number of shares purchasable per Participant on any one Purchase Date) at the purchase
price in effect for that purchase period.

C. Purchase Price. The purchase price per share at which Common Stock will be purchased on
the Participant’s behalf on each Purchase Date shall be equal to ninety-five percent (95%) of the
Fair Market Value per share of Common Stock on that Purchase Date.

D. Number of Purchasable Shares. The number of shares of Common Stock purchasable by a
Participant on each Purchase Date shall be the number of shares obtained by dividing the amount
collected from the Participant through payroll deductions during the purchase period ending with
that Purchase Date by the purchase price in effect for that Purchase Date. In no event shall
fractional shares be purchased under the Plan. Notwithstanding the foregoing and subject to the
limitations described in Article VIII, no participant may purchase more than 2,000 shares of Common
Stock on a Purchase Date.

E. Excess Payroll Deductions. Any payroll deductions not applied to the purchase of Common
Stock by reason of any limitation on the maximum number of shares purchasable by the Participant on
the Purchase Date (whether such limitation is pursuant to Section VII-D, Article VIII or otherwise)
shall be promptly refunded.

 

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F. Termination of Purchase Right. The following provisions shall govern the termination of
outstanding purchase rights:

(i) A Participant may, at any time prior to the last day of the purchase period, terminate
his or her outstanding purchase right by filing the appropriate form with the Plan Administrator
(or its designate), and no further payroll deductions shall be collected from the Participant with
respect to the terminated purchase right. Any payroll deductions collected during the purchase
period in which such termination occurs shall, at the Participant’s election, be immediately
refunded or held for the purchase of shares on the next Purchase Date. If no such election is made
at the time such purchase right is terminated, then the payroll deductions collected with respect
to the terminated right shall be refunded as soon as possible.

(ii) The termination of such purchase right shall be irrevocable, and the Participant may
not subsequently rejoin the purchase period for which the terminated purchase right was granted. In
order to resume participation in any subsequent purchase period, such individual must re-enroll in
the Plan (by making a timely filing of the prescribed enrollment forms) on or before the start date
of the new purchase period.

(iii) Should the Participant cease to remain an Eligible Employee for any reason
(including death, disability or change in status) while his or her purchase right remains
outstanding, then that purchase right shall immediately terminate, and all of the Participant’s
payroll deductions for the purchase period in which the purchase right so terminates shall be
immediately refunded. However, should the Participant cease to remain in active service by reason
of an approved unpaid leave of absence, then the Participant shall have the election, exercisable
up until the last business day of the purchase period in which such leave commences, to (a)
withdraw all the funds in the Participant’s payroll account at the time of the commencement of such
leave or (b) have such funds held for the purchase of shares at the end of such purchase period. In
no event, however, shall any further payment deductions be added to the Participant’s account
during such leave. Upon the Participant’s return to active service, his or her payroll deductions
under the Plan shall automatically resume at the rate in effect at the time the leave began,
provided the Participant returns to service prior to the expiration date of the purchase period in
which such leave began.

G. Proration of Purchase Rights. Should the total number of shares of Common Stock which
are to be purchased pursuant to outstanding purchase rights on any particular date exceed the
number of shares then available for issuance under the Plan, the Plan Administrator shall make a
pro-rata allocation of the available shares on a uniform and nondiscriminatory basis, and the
payroll deductions of each Participant, to the extent in excess of the aggregate purchase price
payable for the Common Stock pro-rated to such individual, shall be refunded.

H. Assignability. During the Participant’s lifetime, the purchase right shall be
exercisable only by the Participant and shall not be assignable or transferable by the Participant
(other than by will or the laws of descent).

I. Stockholder Rights. A Participant shall have no stockholder rights with respect to the
shares subject to his or her outstanding purchase right until the shares are purchased on the
Participant’s behalf in accordance with the provisions of the Plan and the Participant has become a
holder of record of the purchased shares.

 

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VIII. ACCRUAL LIMITATIONS

A. No participant shall be entitled to accrue rights to acquire Common Stock pursuant to
any purchase right outstanding under this Plan if and to the extent such accrual, when aggregated
with (i) rights to purchase Common Stock accrued under any other purchase right granted under this
Plan and (ii) similar rights accrued under other employee stock purchase plans (within the meaning
of section 423 of the Code) of the Company or any Corporate Affiliate, would otherwise permit such
Participant to purchase more than $25,000 worth of stock of the Company or any Corporate Affiliate
(determined on the basis of the Fair Market Value of such stock on the date or dates such rights
are granted) for each calendar year such rights are at any time outstanding.

B. For purposes of applying such accrual limitations, the following provisions shall be in
effect:

(i) The right to acquire Common Stock under each outstanding purchase right shall accrue
on the Purchase Date in effect for the purchase period for which such right is granted.

(ii) No right to acquire Common Stock under any outstanding purchase right shall accrue to
the extent the Participant has already accrued in the same calendar year the right to acquire
Common Stock under one (1) or more other purchase rights at a rate equal to $25,000 worth of Common
Stock (determined on the basis of the Fair Market Value of such stock on the date or dates of
grant) for each calendar year such rights were at any time outstanding.

C. If by reason of such accrual limitations, any purchase right of a Participant does not
accrue for a particular purchase period, then the payroll deductions which the Participant made
during that purchase period with respect to such purchase right shall be promptly refunded.

D. In the event there is any conflict between the provisions of this Article and one or
more provisions of the Plan or any instrument issued thereunder, the provisions of this Article
shall be controlling.

IX. EFFECTIVE DATE AND TERM OF THE PLAN

A. The Plan was adopted by the Board on November 11, 2010 and effective on July 1, 2011.

B. Unless sooner terminated by the Board, the Plan shall terminate upon the earliest of
(i) July 1, 2021, (ii) the date on which all shares available for issuance under the Plan have been
sold pursuant to purchase rights exercised under the Plan or (iii) the date on which all purchase
rights are exercised in connection with a Corporate Transaction. No further purchase rights shall
be granted or exercised, and no further payroll deductions shall be collected, under the Plan
following its termination.

 

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X. AMENDMENT OF THE PLAN

The Board may alter, amend, suspend or discontinue the Plan at any time. However, the Board
may not, without the approval of the Company’s shareowners, increase the number of
shares of Common Stock issuable under the Plan or the maximum number of shares purchasable
per Participant on any one Purchase Date, except for permissible adjustments in the event of
certain changes in the Company’s capitalization, (ii) alter the purchase price formula so as to
reduce the purchase price payable for the shares of Common Stock purchasable under the Plan, or
(iii) materially increase the benefits accruing to Participants under the Plan or materially modify
the requirements for eligibility to participate in the Plan. In the event that the Plan is
terminated prior to the last day of a purchase period, such purchase period shall be deemed to have
ended on the effective date of such termination and there shall be no subsequent purchase periods
thereafter.

XI. GENERAL PROVISIONS

A. All costs and expenses incurred in the administration of the Plan shall be paid by the
Company.

B. Nothing in the Plan shall confer upon the Participant any right to continue in the
employ of the Company or any Corporate Affiliate for any period of specific duration or interfere
with or otherwise restrict in any way the rights of the Company (or any Corporate Affiliate
employing such person) or of the Participant, which rights are hereby expressly reserved by each,
to terminate such person’s employment at any time for any reason, with or without cause.

C. The provisions of the Plan shall be governed by the laws of the Commonwealth of
Pennsylvania, without resort to that Commonwealth’s conflict-of-laws rules.

XII. DEFINITIONS

The following definitions shall be in effect under the Plan:

A. BASE SALARY shall mean the regular base salary paid to a Participant by one or more
Participating Companies during such individual’s period of participation in the Plan, plus any
pre-tax contributions made by the Participant to any cash-or-deferred arrangement that meets the
requirements of section 401(k) of the Code or any cafeteria benefit program that meets the
requirements of section 125 of the Code, now or hereafter established by the Company or any
Corporate Affiliate. The following items of compensation shall not be included in Base Salary: (i)
all overtime payments, bonuses, commissions (other than those functioning as base salary
equivalents), profit-sharing distributions and other incentive-type payments and (ii) any and all
contributions (other than contributions subject to sections 401(k) and 125 of the Code) made on the
Participant’s behalf by the Company or any Corporate Affiliate under any employee benefit or
welfare plan now or hereafter established.

B. BENEFITS COMMITTEE shall mean the Company’s Benefits Committee.

C. BOARD shall mean the Company’s Board of Directors.

D. CODE shall mean the Internal Revenue Code of 1986, as amended.

E. COMMON STOCK shall mean the Company’s common stock.

 

6

 

F. CORPORATE AFFILIATE shall mean any parent or subsidiary of the Company (as determined
in accordance with Code Section 424, whether now existing or subsequently established).

G. CORPORATE TRANSACTION shall mean either of the following stockholder-approved
transactions to which the Company is a party:

(i) a merger or consolidation in which securities possessing more than fifty percent (50%)
of the total combined voting power of the Corporation’s outstanding securities are transferred to a
person or persons different from the persons holding those securities immediately prior to such
transaction, or

(ii) the sale, transfer or other disposition of all or substantially all of the assets of
the Company in complete liquidation or dissolution of the Corporation.

H. COMPANY shall mean AmerisourceBergen Corporation, a Delaware corporation, and any
corporate successor to all or substantially all of the assets or voting stock of AmerisourceBergen
Corporation, which shall, by appropriate action, adopt the Plan.

I. ELIGIBLE EMPLOYEE shall mean any person who is engaged, on a regularly-scheduled basis
of: (i) more than twenty (20) but less than thirty (30) hours per week for more than five (5)
months per calendar year or (ii) thirty (30) or more hours per week, in the rendition of personal
services to any Participating Company as an employee for earnings considered wages under section
3401(a) of the Code.

J. FAIR MARKET VALUE per share of Common Stock on any relevant date shall be the closing
selling price per share of Common Stock on the date in question on the stock exchange determined by
the Plan Administrator to be the primary market for the Common Stock, as such price is officially
quoted in the composite tape of transactions on such exchange. If there is no closing selling price
for the Common Stock on the date in question, then the Fair Market Value shall be the closing
selling price on the last preceding date for which such quotation exists.

K. 1933 ACT shall mean the Securities Act of 1933, as amended.

L. PARTICIPANT shall mean any Eligible Employee of a Participating Company who is actively
participating in the Plan.

M. PARTICIPATING COMPANY shall mean the Company and any Corporate Affiliate set forth on
the attached Schedule A as may be authorized from time to time by the Benefits Committee to
extend the benefits of the Plan to their Eligible Employees. The designation from time to time of
Participating Companies from among the group consisting of the Company and its Corporate Affiliates
in accordance with Treasury Regulation § 1.423-2(c)(4) shall not require the re-approval of the
Plan by the Company’s stockholders.

N. PLAN shall mean AmerisourceBergen Corporation 2011 Employee Stock Purchase Plan, as set
forth in this document.

 

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O. PLAN ADMINISTRATOR shall mean a committee of two (2) or more Board members appointed by
the Board to administer the Plan. Unless otherwise designated by the Board, the Plan Administrator
shall be the Compensation and Succession Planning Committee of the Board as constituted by the
Board from time to time.

P. PURCHASE DATE shall mean the last business day of each purchase period

 

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SCHEDULE A

AmerisourceBergen Services Corporation

AmerisourceBergen Drug Corporation

AmeriSource Health Services Corporation

ASD Specialty Healthcare, Inc

AutoMed Technologies

Bellco Drug Corp.

Integrated Commercialization Solutions, Inc.

I.G.G. of America, Inc.

IHS Acquisitions XXX, Inc

Imedex, L.L.C.

International Physician Networks, L.L.C.

The Lash Group, Inc.

Medical Initiatives, Inc.

Value Apothecaries, Inc.

Xcenda, LLC

 

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