Document:

BPI 2013 Q2 10-Q - EX-10.1

EXHIBIT 10.1
BRIDGEPOINT EDUCATION, INC.
2009 STOCK INCENTIVE PLAN
RESTRICTED STOCK UNIT AWARD AGREEMENT
Unless otherwise defined herein, the terms defined in the Bridgepoint Education, Inc. 2009 Stock Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”).

		
	I.
	NOTICE OF RESTRICTED STOCK UNIT GRANT

Participant Name:                    
Address:                
You have been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows:
Grant Number                                    
Date of Grant                                    
Vesting Commencement Date                        
Number of Restricted Stock Units                        
Vesting Schedule:

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock Unit will vest in accordance with the following schedule:
Twenty-five percent (25%) of the Restricted Stock Units will vest on the first (1st) anniversary of the Vesting Commencement Date (“VCD”) and twenty-five percent (25%) of the Restricted Stock Units will vest on each anniversary of the VCD thereafter, so that all Restricted Stock Units will be fully vested on the four-year anniversary of the VCD.  
In the event Participant ceases to provide Service for any or no reason before the applicable vesting dates set forth above, then Participant's right to acquire any Shares hereunder with respect to any of the Restricted Stock Units that remain unvested as of the date Participant ceases to provide Service will immediately terminate.

If Participant provides Service on the Date of Grant in a capacity other than (or in addition to) a faculty member, then the Participant shall be deemed for purposes of this Award Agreement to have ceased providing Service upon the earlier of (i) the date he or she ceases for any reason to provide Service, or (ii) the first date on which the Participant is employed by the Company or any Subsidiary solely in the capacity of an adjunct faculty member.

By Participant's signature and the signature of the representative of Bridgepoint Education, Inc. (the “Company”) below, Participant and the Company agree that this Award of Restricted Stock Units is granted under and governed by the terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions of Restricted Stock Unit Grant, attached hereto as Exhibit A, all of which are made a part of this document.  Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan and Award Agreement.  Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Company upon any questions relating to the Plan and Award Agreement.  Participant further agrees to notify the Company upon any change in the residence address indicated below.

	
		
	PARTICIPANT:
	BRIDGEPOINT EDUCATION, INC.

	 
	 

	_________________________________
	_____________________________

	Signature
	By

	 
	 

	_________________________________
	_____________________________

	Print Name
	Title

	 
	 

	Residence Address:

	 

	_________________________________
	 

	_________________________________BPI 2013 Q2 10-Q - EX-10.2

EXHIBIT 10.2
AMENDMENT 

This Amendment is entered into effective April 1, 2013 (“Effective Date”) between Ashford University, LLC ("Customer”) and Xerox Business Services, LLC, formerly known as Affiliated Computer Services, Inc., (“Xerox”), and amends that certain General Services Agreement entered into between the Parties as of January 1, 2009, including any subsequent Task Orders, Exhibits/Schedules, or amendments (collectively, “Agreement”).  Any capitalized term not defined herein shall have the meaning set forth in the Agreement. The Agreement is incorporated herein by reference.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Customer and Xerox agree to amend the Agreement as follows:

1.    Document Review 

Document Review is added to the applicable Task Order(s). Xerox will use reasonable efforts to complete Document Review within five (5) business days from receipt of each individual document and to reasonably ensure such document is accurate and complete in accordance with Title IV Federal Regulations for determination of financial aid eligibility.  The results of each individual document review will be documented in Customer's system. Fees for Document Review are as follows and commences at Tier 1:

	
								
	Unit
	Tier 1 Limit
	Tier 1
	Tier 2 Limit
	Tier 2
	Tier 3 Limit
	Tier 3
	Tier 4

	 Document Review
	           [***] 
	 $   [***] 
	        [***] 
	 $   [***] 
	        [***] 
	 $   [***] 
	 $   [***] 

 
“Document Review” is described as:
Prioritize student populations according to agreed upon student priorities.
Perform a review of each document received to determine if the document is accurate and complete or if additional documentation is required based upon such review.
Update Xerox and Customer's system(s), as applicable.
Monitor adherence to agreed upon Service Level Agreements (SLA).
Perform routine quality review of Xerox work product.
Continually monitor the processes to identify and implement applicable compliant and efficient improvements.
Provide agreed upon reporting.

2.    ISIR Review Process

The Parties acknowledge the ISIR Review Process is materially changed for the 2013-2014 academic year and agree to the following fee change and Tier is set at “Tier 1”:

	
								
	Unit
	Tier 1 Limit
	Tier 1
	Tier 2 Limit
	Tier 2
	Tier 3 Limit
	Tier 3
	Tier 4

	 ISIR Review
	             -[***]
	 $   [***] 
	        [***]
	 $   [***] 
	        [***]
	 $   [***] 
	 $   [***] 

“ISIR Review Process” is described as:
Prioritize student populations according to agreed upon student priorities.
Review ISIR record as applicable.
Perform Verification, C-code, Conflicting Information or Professional Judgment resolution for those students providing the required information.
Update Xerox and Customer's system(s), as applicable.
Monitor adherence to agreed upon Service Level Agreements (SLA).
Perform routine quality review of Xerox work product.
Continually monitor the processes to identify and implement applicable compliant and efficient improvements.
Provide agreed upon reporting.
[***] Confidential portions of this document have been redacted and filed separately with the Commission.

3.    Other

Except as expressly amended herein, all terms and conditions of the Agreement shall continue in full force and effect.  

IN WITNESS WHEREOF, Customer and Xerox have each caused this Amendment to be executed as of the Effective Date.

	
				
	Ashford University, LLC
	 
	Xerox Business Services, LLC
	 

	 
	 
	 
	 

	By: /s/ Richard Pattenaude    
	 
	By: /s/ Meliss Hankin       
	 

	Printed: Richard Pattenaude
	 
	Printed: Meliss Hankin   
	 

	Title: President/CEO
	 
	Title: Managing Director    
	 

	Date:   4/30/13
	 
	Date:   4/30/13BPI 2013 Q2 10-Q - EX-10.3

EXHIBIT 10.3

Task Order 
Xerox Business Services, LLC (f/k/a Affiliated Computer Services, Inc.) and University of the Rockies, LLC

This Task Order (“Task Order”) is entered into May 1, 2013 (“Effective Date”) pursuant to the General Services Agreement, and any amendments thereto (“Agreement”) by and between Xerox Business Services, LLC, f/k/a Affiliated Computer Services, Inc., (“Xerox”) and University of the Rockies, LLC (“Customer”).  Except as may otherwise be provided in this Task Order, all terms and conditions of the Agreement shall remain unmodified and in full force and effect. Should there be a conflict between the Agreement and this Task Order, the terms of the Agreement shall control unless this Task Order specifically identifies the provisions in the Agreement that it supersedes. 
	
	
	I.  The Service

Effective May 1, 2013, Xerox will provide the following services under this Task Order for Customer's Denver Instructional Center (“Services”):

o    100% quality review of  ISIR Review processing (ISIR review includes verification/c-codes/conflicting information/PJ)
o    100% quality review of packaging/certification/revisions
o    Disbursement Eligibility Review
o    100% quality review of Title IV Refund processing

	
	
	II.  Fees

Xerox will bill Customer monthly for the Services.
Xerox will charge Customer $[***] per month for the Services (not to exceed [***] students)
Customer will pay Xerox within thirty (30) days of receipt of monthly invoice and in accordance with the invoicing terms contained in the Agreement.

	
	
	III.  Term and Termination

The term of this Task Order will begin on the Effective Date and will continue until terminated as provided in the Agreement.  
	
	
	IV. Signatures

The term of this Task Order will begin on the Effective Date and will continue until terminated as provided in the Agreement. 

[***] Confidential portions of this document have been redacted and filed separately with the Commission.

IN WITNESS WHEREOF, each of the parties has executed this Task Order by the signatures of their respective authorized representatives.

ACCEPTED AND AGREED:

	
				
	Xerox Business Services, LLC
	 
	University of the Rockies, LLC
	 

	 
	 
	 
	 

	By:/s/ Nancy D. Paris        
	 
	By: /s/ Christopher A. Jackson       
	 

	Printed: Nancy D. Paris    
	 
	Printed: Christopher A. Jackson   
	 

	Title: Sr. Vice President
	 
	Title: VP, Finance    
	 

	Date:   4/30/13
	 
	Date:   4/28/13
	 

Xerox Business Services, LLC
Confidential:  Information within this document is not  to be released or distributed to any parties outside Xerox or University of the Rockies, LLC and any of their affiliates, without the express written approval of Xerox management.

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