Document:

exv4w18

 

EXHIBIT 4.18

AMENDMENT TO THE

SECOND AMENDED AND RESTATED SERVICE AGREEMENT

BY AND BETWEEN

ADS ALLIANCE DATA SYSTEMS, INC.

AND

WORLD FINANCIAL NETWORK NATIONAL BANK

This Amendment (Amendment) to the Second Amended and Restated Service Agreement (Agreement) by and
between ADS Alliance Data Systems, Inc. (ADSI) and World Financial Network National Bank (Bank),
dated April 1, 2006, hereby amends, modifies and supplements the Agreement as follows:

WHEREAS, the parties now desire to supplement the Agreement to provide an additional provision to
the General Provisions of the Agreement as set forth below.

NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, ADSI and Bank agree as
follows:

1. Article 10, General Provisions, is hereby amended by the addition of the following new
Section 10.13, Receivership:

10.13 Receivership. Alliance Data agrees that if Bank is placed into receivership
with the Federal Deposit Insurance Corporation (FDIC), Alliance Data shall continue to
comply with the terms of this Agreement, continue to provide the Services in accordance
with the Agreement and, upon the request of the FDIC, provide a reasonable time for
transition to a successor servicer.

2. This Amendment together with the Agreement comprise the entire agreement between the parties
regarding the subject matter of the Agreement and replace any prior oral or written communications.
The terms of this Amendment should be read in such a manner as to avoid conflict with the
Agreement; however, any inconsistency between the Amendment and the Agreement shall be resolved in
favor of the intent of the parties expressed in this Amendment.

3. Each term used herein which is not defined herein shall have the meaning assigned to such term
in the Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other
similar reference and each reference to “this Agreement” and each other similar reference contained
in the Agreement shall from and after the date hereof refer to the Agreement amended hereby.

4. This Amendment may be executed in any number of counterparts, each of which when so executed
shall be deemed to be an original, but all of such

 

 

counterparts shall together constitute one and the same instrument. The provisions included in
this Amendment shall be effective as of the Effective Date set forth below.

5. This Amendment shall be governed by and construed in accordance with the laws of the State of
Ohio.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment in manner and form sufficient
to bind them as of the date noted below.

	 	 	 	 	 	 	 	 	 
	World Financial Network National Bank	 	ADS Alliance Data Systems, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ John J. Coane 	 	By:	 	/s/ Robert Box	 	  
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	VP & CFO	 	Title:	 	SVP/COO Retail	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:

	 	1/25/07 	 	Date:	 	1/25/07exv10w01

 

Exhibit 10.01

PLATO LEARNING, INC.

EMPLOYEE RESTRICTED STOCK AGREEMENT

     PLATO Learning, Inc., a Delaware corporation (the “Company”), hereby grants to                     (the
“Employee”) on this ___day of ___,___(the “Grant Date”), pursuant to the provisions of the PLATO Learning,
Inc. 2006 Stock Incentive Plan (the “Plan”), an award (the
“Award”) of                      shares of the Company’s
Common Stock, $.01 par value (“Stock”), subject to the terms and conditions set forth below.

     1. Award Subject to Acceptance of Agreement. The Award shall become null and void
unless the Employee shall accept this Agreement by executing it in the space provided below and
return it to the Company within 60 days following the Grant Date.

     2. Vesting of Shares; Forfeiture. Except as otherwise provided in the Plan and this
Section 2, the Award shall vest in four installments, each equal to 25% of the Stock subject to the
Award, on each of the first four anniversaries of the Grant Date, contingent upon the Participant
having provided continuous employment to the Company or an Affiliate from the Grant Date through
each such anniversary. Any portion of the Stock subject to the Award that is not vested upon the
termination of the Participant’s employment for any reason shall be forfeited automatically as of
such date. Notwithstanding the foregoing; all unvested awards shall vest if the Company terminates
the Employee’s employment without “Cause” or the Employee terminates employment for “Good Reason”
within 24 months following a “Change in Control” (as each term is defined in the Employee’s
employment agreement with the Company of even date herewith, as may be subsequently amended or
superseded). For purposes of this Agreement, “Vest” “Vested” and “Vesting” means that a share of
Restricted Stock ceases to be subject to a risk of forfeiture.

     3. Additional Terms and Conditions of Award.

     3.1 Section 83(b) Election. The Employee may elect within thirty (30) days after the
Grant Date, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include
in his gross income for a taxable year in which the stock is purchased the excess of (a) the fair
market value of the shares covered by the Award on the purchase date over (b) the purchase price
paid for such shares.

     3.2 Withholding Taxes. As a condition precedent to the Award, the Employee shall,
upon request by the Company, pay to the Company such amount of cash as the Company may be required,
under all applicable federal, state or local laws or regulations, to withhold and pay over as
income or other withholding taxes (the “Required Tax Payments”) with respect to the Award. The
Employee may elect to satisfy such withholding tax obligation by having the Company withhold Stock
having a fair market value equal to the Company’s minimum withholding obligation. If the Employee
shall fail to advance the Required Tax Payments after request by the
Company, the Company may, in its discretion, deduct any Required Tax Payments from any amount
then or thereafter payable by the Company to the Employee, either in cash or in Stock.

 

 

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     3.3 Tax Consequences. The Employee has reviewed with the Employee’s own tax advisors
the federal, state, local and foreign tax consequences of this investment and the transactions
contemplated by this Agreement. The Employee is relying solely on such advisors and not on any
statements or representations of the Company or any of its agents. The Employee understands that
the Employee (and not the Company) shall be responsible for the Employee’s own tax liability that
may arise as a result of this investment or the transactions contemplated by this Agreement.

     3.4 Stock. A certificate or shares in book entry evidencing the Award shall be issued
by the Company in the Employee’s name, pursuant to which Employee shall have voting rights and
shall be entitled to receive all dividends unless and until the Award are forfeited pursuant to the
provisions of this Agreement. The certificate or shares in book entry shall bear a legend
evidencing the nature of the Award, and the Company will cause the certificate to be delivered upon
issuance to the Secretary of the Company or to such other depository as may be designated by the
Company as a depository for safekeeping until the Stock vests or is forfeited pursuant to the terms
of the Plan and this Agreement. The Employee shall deliver to the Company a stock power, endorsed
in blank, relating to the Award then subject to the forfeiture restrictions. Upon vesting of the
Award, the Company shall cause a new certificate or certificates or shares in book entry form to be
issued without legend in the name of the Employee for the shares then vested. Notwithstanding any
other provisions of this Agreement, the issuance or delivery of any shares of Stock (whether
subject to restrictions or unrestricted) may be postponed for such period as may be required to
comply with applicable requirements of any national securities exchange or any requirements under
any law or regulation applicable to the issuance or delivery of such shares. The Company shall not
be obligated to issue or deliver any shares of Stock if the issuance or delivery thereof shall
constitute a violation of any provision of any law or of any regulation of any governmental
authority or any national securities exchange.

     3.5 Award Confers No Right to Continued Employment. In no event shall the granting of
the Award or its acceptance by the Employee give or be deemed to give the Employee any right to
continued employment by the Company.

     3.6 Status of Award. The Employee agrees that the Award will not be sold or otherwise
disposed of in any manner, which would constitute a violation of any applicable federal or state
securities laws. The Employee also agrees that Award may not be sold, transferred or otherwise
alienated or hypothecated by the Employee other than by will or the laws of descent and
distribution until the restrictions are removed or lapse. Employee also agrees (i) that the
certificates representing the Award may bear such legend or legends as the Company deems
appropriate in order to assure compliance with applicable securities laws, (ii) that the Company
may refuse to register the transfer of the Award on the stock transfer records of the Company if
such proposed transfer would be in the opinion of counsel satisfactory to the Company constitute a
violation of any applicable securities law and (iii) that the Company may give related instructions
to its transfer agent, if any, to stop registration of the transfer of the Award.

     3.7 Counterparts. This Agreement may be executed in two counterparts each of which
shall be deemed an original and both of which together shall constitute one and the same
instrument.

 

 

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     3.8 Agreement Subject to Plan. This Agreement is subject to the provisions of the
Plan, and shall be interpreted in accordance therewith, except where specifically provided
otherwise in this Agreement. The Employee hereby acknowledges receipt of a copy of the Plan.

	 	 	 	 	 	 	 
	 	 	PLATO LEARNING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Michael A. Morache
	 	 

Accepted this                      day of

                                        , 200                     

	 	 	 
	 

[Name of Employee]

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