Document:

EX-4.3

 Exhibit 4.3 

Employee Stock Purchase Plan 

Amendment Number 3 
 to
the Employee Stock Purchase Plan 
 of The Hackett Group, Inc. 

Pursuant to the authority granted pursuant to Section 24 of the Employee Stock Purchase Plan (the “Plan”) of The Hackett Group,
Inc. (the “Company”), the Board of Directors of the Company hereby amends the following sections of the Plan: 
 I. Section 1
of the Plan is hereby amended and restated in its entirety as follows: 
 1. SHARES SUBJECT TO THE PLAN. 

Subject to adjustment as provided in Section 26 below, the aggregate number of shares of Common Stock that may be made available for
purchase by participating employees under the Plan is 3,000,000. The shares of Common Stock issuable under the Plan may, in the discretion of the Board of Directors of the Company (the “Board”), be either authorized but unissued shares of
treasury shares. 
 II. Section 25 of the Plan is hereby amended and restated in its entirety as follows: 

25. EFFECTIVE DATE; TERM AND TERMNIATION OF THE PLAN. 

The Plan, as amended by Amendment No. 3, shall be effective as of the date of adoption of the amendment by the Board, which date is set
forth below, subject, in the case of the amendment to Section 1, to approval of the Plan, as amended by Amendment No. 3, by a majority of the votes present and entitled to vote at a duly held meeting of the shareholders of the Company at
which a quorum representing a majority of all outstanding voting stock is present, either in person or by proxy provided, however, that upon approval of the Plan, as amended by Amendment No. 3, by the shareholders of the Company as set forth
above, all rights to purchase shares granted under the Plan, as amended by Amendment No. 3, on or after the effective date shall be fully effective as if the shareholders of the Company had approved the plan on the effective date. If the
shareholders fail to approve the Plan, as amended by Amendment No. 3, on or before one year after the effective date, the terms of Section 1 of Amendment No. 3 shall not take effect, but all other provisions of the Plan, as amended by
Amendment No. 3, including the termination date, shall be in effect. The Board may terminate the Plan at any time and for any reason or for no reason, provided that such termination shall not impair any rights of participating employees that
have vested at the time of termination. In any event, the Plan shall, without further action of the Board, terminate on July 1, 2023 or, if earlier, at such time as all shares of Common Stock that may be made available for purchase under the
Plan, as amended pursuant to Section 1 above, have been issued. 
 Effective Date of Amendment: March 10, 2017. 

*     *    *Exhibit

TECH DATA CORPORATION
EXECUTIVE INCENTIVE BONUS PLAN
(Amended and Restated by the Compensation Committee as of March 20, 2018, effective solely for fiscal years of the Company commencing on or after January 31, 2018)
	
			
	 
	 
	 

	Purpose:
	 
	The Executive Incentive Bonus Plan (“Plan”) governs the payment of cash bonuses to the Company’s named executive officers and all other Section 16 officers and such other executives as may be designated from time to time (“Executives”). This Plan provides for the payment of annual cash bonuses following the close of each fiscal year based on the achievement of performance goals.

	 
	 

	Eligibility:
	 
	Executives selected by the Compensation Committee. Except as otherwise provided in this Plan, only those Executives who are actively employed by the Company through the last day of the fiscal year (“Participants”) are eligible to participate in this Plan.

	 
	 

	Administration:
	 
	The Plan is administered by the Compensation Committee. The Compensation Committee shall designate employees eligible to receive bonuses, and shall determine bonus targets within the criteria established in this Plan, achievement, and how and when bonuses will be paid. The Compensation Committee shall interpret and apply the Plan and may make adjustments or changes to bonuses at any time at its discretion. All decisions made by the Compensation Committee shall be final.
Bonuses for the Chief Executive Officer will be recommended by the Compensation Committee to the independent members of the Board of Directors for approval.

	 
	 

	Performance Period:
	 
	The Plan’s performance period commences and ends concurrent with the Company’s fiscal year (the “Performance Period”).

	 
	 

	Process:
	 
	For a Performance Period, the Compensation Committee shall designate the performance criteria that will be used and will establish performance targets under which a bonus could be paid to a Participant, the appropriate weight of each performance target, and the range to measure satisfaction or achievement, in whole or in part, of the performance targets. Relevant measures are determined based on the Participant’s span of influence, responsibility, and such other factors the Compensation Committee deem relevant to motivate and retain Participants.
At the end of the performance period, the Compensation Committee shall evaluate the extent to which the specific performance targets were attained and make individual awards based on performance against the pre-established goals. 

	 
	 

	Performance Criteria:
	 
	The Compensation Committee shall determine the performance criteria that will apply from time to time under the Plan, which may include but is not limited to one or more of the following performance criteria, alone or in combination, as the Committee deems appropriate: (i) earnings per share; (ii) net income; (iii) return on sales; (iv) total shareholder return; (v) return on assets; (vi) economic value added; (vii) cash flow; (viii) return on equity; (ix) return on capital employed; (x) return on invested capital; (xi) operating income on a country, regional, worldwide or consolidated basis; (xii) operating income percentage on a country, regional, worldwide or consolidated basis; (xiii) cash days; (xiv) revenue growth; (xv) contribution margin; (xvi) non-GAAP measure of any of these performance criteria as more specifically defined by the Committee; and (xvii) achievement of other explicit strategic objectives or milestones.
The Compensation Committee may in its discretion include or exclude the impact of unusual, non-recurring or extraordinary items as it determines from time to time, including without limitation the impact attributable to (1) acquisitions or dispositions of stock or assets, (2) any changes in accounting standards or treatments that may be required or permitted by the Financial Accounting Standards Board, Public Company Accounting Oversight Board or adopted by the Company or its subsidiaries after the goal is established, (3) restructuring activities, (4) impairments or disposals of long-lived assets, goodwill or other intangible assets, (5) any business interruption event, (6) amounts included in operating income related to the investment returns of the deferred compensation plan (7) negative or positive impacts of legal settlements, including amounts related to value added tax or other tax matters and (8) the impact of changes in contract terms with major vendors due to changes in payment terms. 

	 
	 
	 

	Performance Payouts:
	 
	The performance – payout relationships for performance measures are set by the Compensation Committee. The payout to be made to any Participant in the Plan may be increased or decreased by the Compensation Committee at any time in its absolute discretion.

	 
	 

	Compensation Changes:
	 
	Target incentives consist of non-discretionary awards and are calculated as a percentage of base salary. Changes to base salary during the year, other than annual merit increases, impact the related target incentive on a prorated basis using days remaining in the fiscal year in the numerator and total days in the fiscal year in the denominator.

	 
	 

	Payments:
	 
	Each Participant shall receive a single lump sum cash payment during the fiscal year that immediately follows the Performance Period in which it was earned; provided, however, no Participant shall receive any payment unless and until the annual approval of achievement of the bonus targets has been made by the Compensation Committee, or as otherwise approved by the Compensation Committee.
Any payments made under this Plan shall not be treated as a “deferral of compensation” (as such term is described in § 1.409A-1(b) of the Treasury Regulations) if such payment is paid no later than two and one-half (2 1/2) months after the end of the taxable year of the Participant in which the payment is no longer subject to a “substantial risk of forfeiture” (as such term is described in § 1.409A-1(d) of the Treasury Regulations).”

	 
	 

	Payments in the Event of:
	 
	 

	 
	 

	Death:
	 
	In the event a Participant dies during the Performance Period, the Company will pay the Participant’s target incentive to the Participant’s beneficiary as indicated in the employer paid basic life insurance coverage. Payment will be made concurrent with all other payments under the Plan.

	 
	 

	Disability:
	 
	In the event a Participant is terminated due to an inability to return from an approved leave under the Company’s Short-Term Disability Plan, the Company will pay the Participant’s target incentive to the Participant prorated based on date of separation. Payment will be made concurrent with all other payments under the Plan.

	 
	 

	Severance:
	 
	In the event a Participant’s employment is involuntarily terminated, a Participant’s eligibility for a payout under this Plan will be determined under the terms of the Executive Severance Plan.

	 
	 

	Reduction in Force:
	 
	In the event a Participant is terminated as part of a reduction in force, a Participant’s eligibility for a payout under this Plan will be determined under the terms of the Executive Severance Plan.

	 
	 

	Voluntary Resignation:
	 
	In the event a Participant voluntarily resigns, the Participant will receive no payout under this Plan.

	 
	 

	Termination For Cause:
	 
	In the event a Participant is terminated for cause, the Participant will receive no payout under this Plan.

	 
	 

	 
	 
	 

	 
	 

	Termination and Amendments:
	 
	The Compensation Committee may amend or terminate this Plan in any manner and at any time. This Plan does not preclude the Company from adopting or continuing other compensation arrangements that may apply generally or may apply only in specific cases provided, however, that any such amendment or termination shall be made in a manner, and shall be construed so as, to comply with the requirements of Section 409A of the Internal Revenue Code and the Treasury Regulations promulgated thereunder.

	Clawback:
	 
	Notwithstanding anything to the contrary in this Plan, the Company may be entitled or required by law, any applicable Company policy (any such policy, a “Clawback Policy”) or the requirements of an exchange on which the Company’s shares are listed for trading, to recoup compensation paid to a Participant pursuant to this Plan or otherwise, and each Participant selected to participate in the Plan shall be deemed to have agreed to comply with any such Company request or demand for recoupment.  Each Participant shall also be deemed to have acknowledged and agreed that the Clawback Policy may be modified from time to time in the sole discretion of the Company and without the consent of the Participant, and that such modification will be deemed to amend this Plan.

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