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Exhibit 10.15    
    

 
 

Fingerhut Master Trust
  
  Officer's Certificate Regarding Exhibit G to the Amended and Restated
  Pooling and Servicing Agreement
  
  May 12, 2003    
    

        The undersigned, being an officer of The Bank of New York (Delaware), hereby certifies that The Bank of New York (Delaware), as trustee (the "Trustee") for the
Fingerhut Master Trust, hereby acknowledges that Exhibit G to the Amended and Restated Pooling and Servicing Agreement, dated as of March 18, 1998, by and among Fingerhut
Receivables, Inc., as Transferor, FMT Services, Inc., as Servicer, and the Trustee is as described below: 

FORM OF ATTESTATION PROCEDCURES  

The
Servicer shall cause to have a report from the Servicer's independent public accountant that the Servicer's maintained effective controls over the servicing and financial reporting procedures
provided by FMT to the Trust based on its compliance with the following items: 

	1.
	Payments
by customers are properly controlled and processed in a manner consistent with the procedures followed by the Servicer with respect to all credit card accounts serviced.

	2.
	Other
expenses incurred on behalf of the Trustee, if any, are processed consistent with the Servicer's established disbursements policy.

	3.
	The
Servicer has procedures in place to ensure that reporting to the Trustee and disbursements made on behalf of the Trustee are completed in accordance with the requirements of the
Pooling and Servicing Agreement and authorized personnel only make those disbursements.

	4.
	The
Servicer maintains adequate procedures to ensure that detail loan and cash records are timely reconciled to control totals and that reconciling items are properly resolved within
ninety days.

	5.
	The
Servicer has adequate procedures in place to ensure that an officer of the Servicer knowledgeable of these functions, who is independent of the preparation of this information,
timely reviews monthly reports, disbursements and reconciliations.

	6.
	New
purchases of receivables by the Trust are in accordance with the "Credit and Collection Policy" referenced in the Pooling and Servicing Agreement.

	7.
	Collection
efforts on delinquent accounts are conducted following practices consistent with all credit card serviced.

	8.
	Accounts
warranting charge-offs are processed following procedures and policies used by the Servicer that are consistent with respect to all credit card accounts serviced. 

	9.
	The
Servicer has procedures in place to ensure it maintains an adequate level of insurance. 

	 	 	FMT SERVICES, INC.
	

 	
 	

By:	
 	

/s/  RICHARD R. HOUSE, JR.      
 Name:    Richard R. House, Jr.

Title:      President

	 ACCEPTED AND ACKNOWLEDGED:	 	 
	
THE BANK OF NEW YORK (DELAWARE),

not in its individual capacity, but solely as Trustee	
 	

 
	

By:	
 	

/s/  CATHERINE CERILLES      
 Name:    Catherine Cerilles

Title:      Assistant Vice President	
 	

 

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Exhibit 10.15

Fingerhut Master Trust Officer's Certificate Regarding Exhibit G to the Amended and Restated Pooling and Servicing Agreement May 12, 2003Exhibit 4.2

 

ADVENT
SOFTWARE, INC.

 

1995
EMPLOYEE STOCK PURCHASE PLAN

(Amended
Effective May 14, 2003)

 

 

The following constitute the
provisions of the 1995 Employee Stock Purchase Plan of Advent Software, Inc.

 

1.             Purpose.  The purpose of the Plan is to provide
employees of the Company and its Designated Subsidiaries with an opportunity to
purchase Common Stock of the Company through accumulated payroll
deductions.  It is the intention of the
Company to have the Plan qualify as an “Employee Stock Purchase Plan” under
Section 423 of the Internal Revenue Code of 1986, as amended.  The provisions of the Plan, accordingly,
shall be construed so as to extend and limit participation in a manner
consistent with the requirements of that section of the Code.

 

2.             Definitions.

 

(a)           “Board”
shall mean the Board of Directors of the Company.

 

(b)           “Code”
shall mean the Internal Revenue Code of 1986, as amended.

 

(c)           “Common
Stock” shall mean the Common Stock of the Company.

 

(d)           “Company”
shall mean Advent Software, Inc., a Delaware corporation and any Designated
Subsidiary of the Company.

 

(e)           “Compensation”
shall mean all base straight time gross earnings, including commissions, but
exclusive of payments for overtime, shift premium, incentive compensation,
incentive payments, bonuses, and other compensation.

 

(f)            “Designated
Subsidiaries” shall mean the Subsidi­aries which have been designated by
the Board from time to time in its sole discretion as eligible to participate
in the Plan.

 

(g)           “Employee”
shall mean any individual who is an Employee of the Company for tax purposes
whose customary employment with the Company is at least twenty (20) hours per
week and more than five (5) months in any calendar year.  For purposes of the Plan, the employment
relationship shall be treated as continuing intact while the individual is on
sick leave or other leave of absence approved by the Company.  Where the period of leave exceeds 90 days
and the individual’s right to reemployment is not guaranteed either by statute
or by contract, the employment relationship will be deemed to have terminated
on the 91st day of such leave.

 

 

 

(h)           “Enrollment
Date” shall mean the first day of each Offering Period.

(i)            “Exercise Date” shall mean the last day of each
Purchase Period.

 

(j)            “Fair Market
Value” shall mean, as of any date, the value of Common Stock determined as
follows:

 

(1)           If
the Common Stock is listed on any estab­lished stock exchange or a national
market system, including without limitation the Nasdaq National Market of the
National Association of Securities Dealers, Inc. Automated Quotation (“NASDAQ”)
System, its Fair Market Value shall be the closing sale price for the Common
Stock (or the mean of the closing bid and asked prices, if no sales were
reported), as quoted on such exch­ange (or the exchange with the greatest
volume of trading in Common Stock) or system on the date of such determination,
as reported in The Wall Street Journal
or such other source as the Board deems reliable, or;

 

(2)           If
the Common Stock is quoted on the NASDAQ System (but not on the Nasdaq National
Market thereof) or is regularly quoted by a recognized securities dealer but
selling prices are not reported, its Fair Market Value shall be the mean of the
closing bid and asked prices for the Common Stock on the date of such
determination, as reported in The Wall
Street Journal or such other source as the Board deems reliable, or;

 

(3)           In
the absence of an established market for the Common Stock, the Fair Market
Value thereof shall be determined in good faith by the Board.

 

(k)           “Offering
Period” shall mean the period of approxi­mately twenty-four (24) months
during which an option granted pur­suant to the Plan may be exercised,
commencing on the first Trading Day on or after September 1 and March 1 of each
year and terminat­ing on the last Trading Day in the periods ending twenty-four
months later.  The duration and timing
of Offering Periods may be changed pursuant to Sect­ion 4 of this Plan.

 

(l)            “Plan”
shall mean this Employee Stock Purchase Plan.

 

(m)          “Purchase Price”
shall mean an amount equal to 85% of the Fair Market Value of a share of Common
Stock on the Enroll­ment Date or on the Exercise Date, whichever is lower.

 

(n)           “Purchase Period”
shall mean the approximately six month period commencing after one Exercise
Date and ending with the next Exercise Date, except that the first Purchase
Period of any Offering Period shall commence on the Enrollment Date and end
with the next Exercise Date.

 

(o)           “Reserves”
shall mean the number of shares of Common Stock covered by each option under
the Plan which have not yet been exercised and the number of shares of Common
Stock which have been authorized for issuance under the Plan but not yet placed
under option.

 

2

 

(p)           “Subsidiary” shall mean a corporation, domestic or
foreign, of which not less than 50% of the voting shares are held by the
Company or a Subsidiary, whether or not such corporation now exists or is
hereafter organized or acquired by the Company or a Subsidiary.

 

(q)           “Trading Day” shall mean a day on which national
stock exchanges and the Nasdaq System are open for trading.

 

3.             Eligibility.

 

(a)           Any
Employee (as defined in Section 2(g)), who shall be employed by the Company on
a given Enrollment Date shall be eligible to participate in the Plan.

 

(b)           Any
provisions of the Plan to the contrary not­with­standing, no Employee shall be
granted an option under the Plan (i) if, immediately after the grant, such
Employee (or any other person whose stock would be attributed to such Employee
pursuant to Sec­tion 424(d) of the Code) would own capital stock of the Company
and/or hold outstanding options to purchase such stock possessing five percent
(5%) or more of the total combined voting power or value of all classes of the
capital stock of the Company or of any Subsidiary, or (ii) which permits
his or her rights to purchase stock under all employee stock purchase plans of
the Company and its subsidiaries to accrue at a rate which exceeds twenty-five
thousand dollars ($25,000) worth of stock (determined at the fair market value
of the shares at the time such option is granted) for each calendar year in
which such option is outstanding at any time.

 

4.             Offering
Periods.  The Plan shall be
implemented by consecutive, overlapping Offering Periods with a new Offering Period
commencing on the first Trading Day on or after September 1 and March 1 each
year, or on such other date as the Board shall determine, and continuing
thereafter until termi­nated in accor­dance with Section 19 hereof.  The Board shall have the power to change the
duration of Offering Periods (includ­ing the commencement dates thereof) with
respect to future offer­ings without shareholder approval if such change is
announced at least five (5) days prior to the scheduled begin­ning of the first
Offering Period to be affected thereafter.

 

5.             Participation.

 

(a)           An
eligible Employee may become a participant in the Plan by completing a
subscription agreement authorizing payroll deduc­tions in the form of Exhibit A
to this Plan and filing it with the Company’s payroll office prior to the
applicable Enrollment Date.

 

(b)           Payroll
deductions for a participant shall commence on the first payroll following the
Enrollment Date and shall end on the last payroll in the Offering Period to
which such authorization is applicable, unless sooner terminated by the
participant as provided in Section 10 hereof.

 

 

3

 

6.             Payroll
Deductions.

 

(a)           At the time a participant files his or her subscrip­tion
agreement, he or she shall elect to have payroll deductions made on each pay
day during the Offering Period in an amount not exceeding ten percent (10%) of
the Compensation which he or she receives on each pay day during the Offering
Period, and the aggregate of such payroll deductions during the Offering Period
shall not exceed ten percent (10%) of the participant’s Compen­sa­tion during
said Offering Period.

 

(b)           All
payroll deductions made for a participant shall be credited to his or her
account under the Plan and will be with­held in whole percentages only.  A participant may not make any additional
payments into such account.

 

(c)           A
participant may discontinue his or her participa­tion in the Plan as provided
in Section 10 hereof, or may increase or decrease the rate of his or her
payroll deductions during the Offering Period by com­plet­ing or filing with
the Company a new subscription agreement authorizing a change in payroll
deduction rate.  The Board may, in its
discretion, limit the number of participation rate changes during any Offering
Period.  The change in rate shall be
effective with the first full payroll period following five (5) business days
after the Company’s receipt of the new subscription agreement unless the
Company elects to process a given change in partici­pation more quickly.  A participant’s subscription agreement shall
remain in effect for successive Offering Periods unless terminated as provided
in Section 10 hereof.

 

(d)           Notwithstanding
the foregoing, to the extent necessary to comply with Section 423(b)(8) of the
Code and Section 3(b) hereof, a participant’s payroll deductions may be
decreased to 0% at such time during any Purchase Period which is scheduled to
end during the current calendar year (the “Current Purchase Period”) that the
aggregate of all payroll deductions which were previously used to purchase
stock under the Plan in a prior Pur­chase Period which ended during that
calendar year plus all payroll deductions accumulated with respect to the
Current Purchase Period equal $21,250. 
Payroll deductions shall recom­mence at the rate provided in such
participant’s subscription agreement at the beginning of the first Purchase
Period which is scheduled to end in the follow­ing calendar year, unless
terminated by the participant as provided in Section 10 hereof.

 

(e)           At
the time the option is exercised, in whole or in part, or at the time some or
all of the Company’s Common Stock issued under the Plan is disposed of, the
participant must make adequate provision for the Company’s federal, state, or other
tax withholding obligations, if any, which arise upon the exercise of the
option or the disposition of the Common Stock. 
At any time, the Company may, but will not be obligated to, withhold
from the participant’s compensation the amount necessary for the Company to
meet applicable withholding obligations, including any withholding required to
make available to the Company any tax deductions or benefits attributable to
sale or early disposition of Common Stock by the Employee.

7.             Grant of Option. 
On the Enrollment Date of each Offering Period, each eligible Employee
participating in such Offering Period shall be granted an option to purchase on
each 

 

4

 

Exercise Date during such Offering Period (at
the applicable Purchase Price) up to a number of shares of the Company’s Common
Stock determined by dividing such Employee’s payroll deductions accumulated
prior to such Exercise Date and retained in the Participant’s account as of the
Exercise Date by the applicable Purchase Price; provided that in no event shall
an Employee be permitted to purchase during each Purchase Period more than a
number of Shares determined by dividing $12,500 by the Fair Market Value of a
share of the Company’s Common Stock on the Enrollment Date, and provided
further that such pur­chase shall be subject to the limitations set forth in
Sec­tions 3(b) and 12 hereof. Exercise of the option shall occur as
provided in Section 8 hereof, unless the participant has withdrawn
pursuant to Sec­tion 10 hereof. 
The Option shall expire on the last day of the Offering Period.

 

8.             Exercise
of Option.  Unless a participant
withdraws from the Plan as provided in Section 10 hereof, his or her option for
the pur­chase of shares will be exercised automatically on the Exercise Date,
and the maximum number of full shares subject to option shall be purchased for
such participant at the applicable Purchase Price with the accumulated payroll
deductions in his or her account.  No
fractional shares will be purchased; any payroll deductions accumulated in a
participant’s account which are not sufficient to purchase a full share shall
be retained in the participant’s account for the subsequent Purchase Period or
Offer­ing Period, subject to earlier with­drawal by the participant as provided
in Section 10 hereof.  Any other monies
left over in a participant’s account after the Exercise Date shall be returned
to the participant.  During a
participant’s life­time, a participant’s option to purchase shares hereunder is
exercisable only by him or her.

 

9.             Delivery.  As promptly as practicable after each
Exercise Date on which a purchase of shares occurs, the Company shall arrange
the delivery to each participant, as appropriate, of a certificate representing
the shares purchased upon exercise of his or her option.

 

10.           Withdrawal;
Termination of Employment.

 

(a)           A
participant may withdraw all but not less than all the payroll deductions
credited to his or her account and not yet used to exercise his or her option
under the Plan at any time by giving written notice to the Company in the form
of Exhibit B to this Plan.  All of
the participant’s payroll deductions credited to his or her account will be
paid to such participant promptly after receipt of notice of withdrawal and
such participant’s option for the Offering Period will be automatically
terminated, and no further payroll deductions for the purchase of shares will
be made for such Offering Period.  If a
participant withdraws from an Offering Period, payroll deductions will not
resume at the begin­ning of the succeeding Offering Period unless the
participant delivers to the Company a new subscription agreement.

(b)           Upon a participant’s ceasing to be an Employee (as defined
in Section 2(g) hereof), for any reason, he or she will be deemed to have
elected to withdraw from the Plan and the payroll deductions credited to such
participant’s account during the Offering Period but not yet used to exercise
the option will be returned to such participant or, in the case of his or her
death, to the 

 

5

 

person or persons entitled thereto under
Section 14 hereof, and such participant’s option will be automatically
terminated.  The preceding sentence
notwithstanding, a participant who receives payment in lieu of notice of
termination of employment shall be treated as continuing to be an Employee for
the participant’s customary number of hours per week of employment during the
period in which the participant is subject to such payment in lieu of notice.

 

11.           Interest.  No interest shall accrue on the payroll
deductions of a participant in the Plan.

 

12.           Stock.

 

(a)           The
maximum number of shares of the Company’s Common Stock which shall be made
available for sale under the Plan shall be 1,500,000 shares, subject to
adjustment upon changes in capi­tal­i­zation of the Company as provid­ed in
Section 18 hereof.  If, on a given
Exercise Date, the number of shares with respect to which options are to be
exercised exceeds the number of shares then available under the Plan, the
Company shall make a pro rata allo­cation of the shares remaining available for
purchase in as uniform a manner as shall be practicable and as it shall deter­mine
to be equitable.

 

(b)           The
participant will have no interest or voting right in shares covered by his
option until such option has been exercised.

 

(c)           Shares
to be delivered to a participant under the Plan will be registered in the name
of the participant or in the name of the participant and his or her spouse.

 

13.           Administration.

 

(a)           Administrative
Body.  The Plan shall be
administered by the Board or a committee of members of the Board appointed by
the Board.  The Board or its committee
shall have full and exclu­sive discretionary authority to construe, interpret and
apply the terms of the Plan, to determine eligibility and to adjudicate all
disputed claims filed under the Plan. 
Every finding, decision and determination made by the Board or its
committee shall, to the full extent permitted by law, be final and binding upon
all part­ies.

(b)           Rule 16b-3 Limitations.  Notwithstanding the provis­ions of Subsection (a) of this Section
13, in the event that Rule 16b-3 promulgated under the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), or any successor provision (“Rule
16b-3”) provides specific requirements for the administrators of plans of this
type, the Plan shall be only administered by such a body and in such a manner
as shall comply with the applicable requirements of Rule 16b-3.  Unless permitted by Rule 16b-3, no
discretion concerning decisions regarding the Plan shall be aff­orded to any
committee or person that is not “disinterested” as that term is used in Rule
16b-3.

 

 

6

 

14.           Designation of Beneficiary.

 

(a)           A participant may file a written designation of a
beneficiary who is to receive any shares and cash, if any, from the participant’s
account under the Plan in the event of such participant’s death subsequent to
an Exercise Date on which the option is exercised but prior to delivery to such
participant of such shares and cash.  In
addition, a participant may file a written designa­tion of a beneficiary who is
to receive any cash from the partici­pant’s account under the Plan in the event
of such participant’s death prior to exercise of the option.  If a participant is married and the
designated beneficiary is not the spouse, spousal consent shall be required for
such designation to be effective.

 

(b)           Such
designation of beneficiary may be changed by the participant at any time by
written notice.  In the event of the
death of a participant and in the absence of a beneficiary validly designated
under the Plan who is living at the time of such par­ti­cipant’s death, the
Company shall deliver such shares and/or cash to the executor or administrator
of the estate of the participant, or if no such executor or administrator has
been appointed (to the know­ledge of the Company), the Company, in its
discretion, may deliver such shares and/or cash to the spouse or to any one or
more dependents or relatives of the participant, or if no spouse, dependent or
relative is known to the Company, then to such other person as the Company may
designate.

 

15.           Transferability.  Neither payroll deductions credited to a participant’s
account nor any rights with regard to the exercise of an option or to receive
shares under the Plan may be assigned, transferred, pledged or otherwise
disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 14 hereof) by the participant.  Any such attempt at assignment, transfer,
pledge or other disposition shall be without effect, except that the Company
may treat such act as an election to withdraw funds from an Offering Period in
accordance with Section 10 hereof.

 

16.           Use
of Funds.  All payroll deductions
received or held by the Company under the Plan may be used by the Company for
any corpo­rate purpose, and the Company shall not be obligated to segregate
such payroll deductions.

 

17.           Reports.  Individual accounts will be maintained for
each participant in the Plan. 
Statements of account will be given to participating Employees at least
annually, which statements will set forth the amounts of payroll deductions,
the Purchase Price, the number of shares purchased and the remaining cash
balance, if any.

 

18.           Adjustments
Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale.

(a)           Changes in Capitalization.  Subject to any required action by the
shareholders of the Company, the Reserves as well as the price per share of
Common Stock covered by each option under the Plan which has not yet been
exercised shall be proportionately adjusted for any increase or decrease in the
number of issued shares of Common Stock resulting from a stock split, 

 

7

 

reverse stock split, stock dividend, combina­tion
or reclass­i­fication of the Common Stock, or any other increase or decrease in
the number of shares of Common Stock effected without receipt of consideration
by the Company; provided, however, that conversion of any convertible
securities of the Company shall not be deemed to have been “effected without
receipt of consideration”.  Such
adjustment shall be made by the Board, whose determination in that respect
shall be final, binding and conclusive. 
Except as expressly provided herein, no issuance by the Company of
shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number or price of shares of Common Stock subject to an option.

 

(b)           Dissolution
or Liquidation.  In the event of the
proposed dissolution or liquidation of the Company, the Offering Periods will
terminate immediately prior to the consummation of such proposed action, unless
otherwise provided by the Board.

 

(c)           Merger
or Asset Sale.  In the event of a
proposed sale of all or substan­tially all of the assets of the Company, or the
merger of the Com­pany with or into another corporation, each option under the
Plan shall be assumed or an equivalent option shall be substituted by such
successor corporation or a parent or subsidiary of such succes­sor corporation,
unless the Board deter­mines, in the exercise of its sole discretion and in
lieu of such assumption or substitu­tion, to shorten the Offering Periods then
in progress by setting a new Exercise Date (the “New Exercise Date”).  If the Board shortens the Offering Periods
then in progress in lieu of assumption or sub­stitution in the event of a
merger or sale of assets, the Board shall notify each participant in writing,
at least ten (10) business days prior to the New Exercise Date, that the
Exercise Date for his option has been changed to the New Exercise Date and that
his option will be exercised automatically on the New Exercise Date, unless
prior to such date he has with­drawn from the Offering Period as provided in
Section 10 hereof.  For purposes of this
paragraph, an option granted under the Plan shall be deemed to be assumed if,
following the sale of assets or merger, the option confers the right to
purchase, for each share of option stock subject to the option immediately
prior to the sale of assets or merger, the consideration (whether stock, cash or
other securities or property) received in the sale of assets or merger by
holders of Common Stock for each share of Common Stock held on the effective
date of the transaction (and if such holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of
the outstanding shares of Common Stock); provided, however, that if such
consideration received in the sale of assets or merger was not solely common
stock of the successor corporation or its parent (as defined in Section 424(e)
of the Code), the Board may, with the consent of the successor corporation,
provide for the consideration to be received upon exercise of the option to be
solely common stock of the successor corporation or its parent equal in fair market
value to the per share consid­eration received by holders of Common Stock and
the sale of assets or merger.

19.           Amendment or Termination.

 

(a)           The
Board of Directors of the Company may at any time and for any reason terminate
or amend the Plan.  Except as provided
in Section 18 hereof, no such termination can 

 

8

 

affect options previously granted, provided that an Offering Period may
be terminated by the Board of Directors on any Exercise Date if the Board
determines that the termination of the Plan is in the best interests of the
Company and its shareholders.  Except as
pro­vided in Section 18 hereof, no amendment may make any change in any option
theretofore granted which adversely affects the rights of any participant.  To the extent necessary to comply with Rule
16b–3 or under Section 423 of the Code (or any successor rule or provi­sion
or any other applicable law or regulation), the Company shall obtain
shareholder approval in such a manner and to such a degree as required.

 

(b)           Without
shareholder consent and without regard to whether any participant rights may be
considered to have been “adversely affected,” the Board (or its committee)
shall be entit­led to change the Offering Periods, limit the frequency and/or
number of changes in the amount withheld during an Offering Period, establish
the exchange ratio applicable to amounts withheld in a currency other than U.S.
dollars, permit payroll withholding in excess of the amount designated by a
participant in order to adjust for delays or mistakes in the Company’s
processing of properly completed withholding elections, establish reasonable
waiting and adjustment periods and/or accounting and crediting procedures to
ensure that amounts applied toward the purchase of Common Stock for each
participant properly correspond with amounts withheld from the participant’s
Compensation, and establish such other limitations or procedures as the Board
(or its committee) determines in its sole discretion advisable which are
consistent with the Plan.

 

20.           Notices.  All notices or other communications by a
partic­i­pant to the Company under or in connection with the Plan shall be
deemed to have been duly given when received in the form speci­fied by the
Company at the location, or by the person, design­ated by the Company for the
receipt thereof.

 

21.           Conditions
Upon Issuance of Shares.  Shares
shall not be issued with respect to an option unless the exercise of such
option and the issuance and delivery of such shares pursuant thereto shall
comply with all applicable provisions of law, domestic or foreign, including,
without limitation, the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange upon which the shares
may then be listed, and shall be further subject to the approval of counsel for
the Company with respect to such compliance.

 

As a condition to the exercise of an option, the Company may require
the person exercising such option to represent and war­rant at the time of any
such exercise that the shares are being purchased only for investment and
without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of
the aforementioned applicable provisions of law.

 

22.           Term
of Plan.  The Plan shall become
effective upon the earlier to occur of its adoption by the Board of Directors
or its approval by the shareholders of the Company.  It shall continue in effect for a term of ten (10) years unless
sooner terminated under Section 19 hereof.

 

9

 

23.           Automatic
Transfer to Low Price Offering Period. 
To the extent permitted by Rule 16b-3 of the Exchange Act, if the
Fair Market Value of the Common Stock on any Exercise Date in an Offer­ing
Period is lower than the Fair Market Value of the Common Stock on the
Enrollment Date of such Offering Period, then all partici­pants in such
Offering Period shall be automatically withdrawn from such Offering Period im­mediately
after the exercise of their option on such Exercise Date and automatically
re-enrolled in the im­mediately following Offering Period as of the first day
thereof.

 

10

 

EXHIBIT A

 

 

ADVENT
SOFTWARE, INC.

 

1995
EMPLOYEE STOCK PURCHASE PLAN

 

SUBSCRIPTION
AGREEMENT

 

 

	
   

  	
  Original
  Application

  	
  Enrollment Date:

  	
   

  
	
   

  	
  Change
  in Payroll Deduction Rate

  	
   

  	
   

  
	
   

  	
  Change
  of Beneficiary(ies)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

1.                                                                                hereby elects to participate in the Advent
Software, Inc. 1995 Employee Stock Purchase Plan (the “Employee Stock Purchase
Plan”) and sub­scribes to purchase shares of the Company’s Common Stock in
accordance with this Sub­scription Agreement and the Employee Stock Purchase
Plan.

 

2.                                       I hereby
authorize payroll deductions from each paycheck in the amount of ____% of my
Compensation on each payday (1-10%) during the Offering Period in accordance
with the Employee Stock Purchase Plan. 
(Please note that no fractional percentages are permitted.)

 

3.                                       I understand
that said payroll deductions shall be accumulated for the purchase of shares of
Common Stock at the applicable Purchase Price determined in accordance with the
Employee Stock Purchase Plan.  I
understand that if I do not withdraw from an Offering Period, any accumulated
payroll deductions will be used to automatically exercise my option.

 

4.                                       I have received
a copy of the complete “ Advent Software, Inc. 1995 Employee Stock Purchase
Plan.”  I under­stand that my par­ticipation
in the Employee Stock Purchase Plan is in all respects subject to the terms of
the Plan.  I understand that my ability
to exercise the option under this Subscription Agreement is subject to
obtaining share­holder approval of the Employee Stock Purchase Plan.

 

5.                                       Shares
purchased for me under the Employee Stock Purchase Plan should be issued in the
name(s) of (Employee or Employee and spouse only):                                                              .

 

6.                                       I understand
that if I dispose of any shares received by me pursuant to the Plan within 2
years after the Enrollment Date (the first day of the Offering Period during
which I purchased such shares) or one year after the Exercise Date, I will be
treated for federal income tax purposes as having received ordinary income at
the time of such disposition in an amount equal to the excess of the fair
market value of the shares at the time such shares were purchased over the
price which I paid for the shares.  I hereby agree to notify the Company in writing within

 

 

30 days
after the date of any disposition of my shares and I will make adequate
provision for Federal, state or other tax withholding obligations, if any,
which arise upon the disposi­tion of the Common Stock.  The Company may, but will not
be obligated to, withhold from my compen­sation the amount neces­sary to meet
any applicable withholding obligation including any withholding necessary to
make avail­able to the Company any tax deductions or benefits attribu­table to
sale or early disposition of Common Stock by me. If I dispose of such shares at
any time after the expiration of the 2-year and 1-year holding periods, I under­stand
that I will be treated for federal income tax purposes as having received
income only at the time of such disposi­tion, and that such income will be
taxed as ordinary income only to the extent of an amount equal to the lesser of
(1) the excess of the fair market value of the shares at the time of such
disposition over the purchase price which I paid for the shares, or (2) 15% of
the fair market value of the shares on the first day of the Offering
Period.  The remainder of the gain, if
any, recognized on such disposition will be taxed as capital gain.

 

7.                                       I hereby agree
to be bound by the terms of the Employee Stock Purchase Plan.  The effectiveness of this Subscription Agree­ment
is dependent upon my eligibility to participate in the Employee Stock Purchase
Plan.

 

8.                                       In the event of
my death, I hereby designate the following as my beneficiary(ies) to receive
all payments and shares due me under the Employee Stock Purchase Plan:

 

 

	
  NAME:  (Please print)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
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  Relationship

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
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2

 

 

	
  Employee’s
  Social

  	
   

  	
   

  
	
  Security
  Number:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Employee’s
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

I
UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT
SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.

 

 

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Signature
  of Employee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Spouse’s
  Signature (If beneficiary other than spouse)

  
	
   

  	
   

  	
   

  	
   

  

 

 

 

 

3

 

 

EXHIBIT B

 

 

ADVENT
SOFTWARE, INC.

 

1995
EMPLOYEE STOCK PURCHASE PLAN

 

NOTICE OF
WITHDRAWAL

 

 

 

The undersigned participant in the Offering Period of the Advent
Software, Inc. 1995 Employee Stock Purchase Plan which began on ____________,
19____ (the “Enrollment Date”) hereby notifies the Company that he or she
hereby withdraws from the Offering Period. 
He or she hereby directs the Company to pay to the undersigned as
promptly as practicable all the payroll deduc­tions credited to his or her
account with respect to such Offering Period. The under­signed understands and
agrees that his or her option for such Offering Period will be automatically
termi­nated.  The undersigned under­stands
further that no further payroll deduc­tions will be made for the purchase of
shares in the current Offering Period and the undersigned shall be eligible to
partici­pate in succeeding Offering Periods only by delivering to the Company a
new Subscription Agreement.

 

	
   

  	
   

  	
  Name
  and Address of Participant:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]