Document:

Exhibit 10.2

 

Veeco
Instruments Inc.

Performance-Based
Restricted Stock

2010

 

Performance Criteria

 

Definitions:

 

“EBITA” means Veeco’s
cumulative earnings before interest, taxes and amortization.

 

“Primary Performance
Period” means Veeco’s four fiscal quarters ending June 30, 2011.

 

“Secondary Performance
Period” means Veeco’s four fiscal quarters ending September 30, 2011.

 

The Primary Performance
Criteria will be met if Veeco’s cumulative EBITA for the Primary Performance
Period equals or exceeds the EBITA target established by the Compensation
Committee prior to the start of the Primary Performance Period.

 

The Secondary Performance
Criteria will be met if Veeco’s cumulative EBITA for the Secondary Performance
Period equals or exceeds the EBITA target established by the Compensation
Committee prior to the start of the Primary Performance Period.

 

The performance criteria
will be measured on the date of filing with the SEC of Veeco’s quarterly report
on Form 10-Q for the final quarter of the relevant performance
period.  The Compensation Committee shall
make all determinations and interpretations regarding the performance criteria,
including any adjustments as may be deemed appropriate by the Committee in
light of acquisitions or divestitures.

 

Vesting

 

Subject to the recipient’s
continued service, the performance-based RSU will vest upon achievement of the
Primary Performance Criteria or the Secondary Performance Criteria. In that
event, the restrictions with respect to one-third of the award shall lapse on
the first trading day following the measurement date on which achievement of
the performance criteria is determined (the “Vesting Date”).  Thereafter, restrictions with respect to an
additional one third of the award shall lapse, and the related shares shall be
issued, on each of the next two anniversaries of the Vesting Date.

 

Forfeiture

 

In the event that neither
the Primary Performance Criteria or the Secondary Performance Criteria are met,
the performance-based restricted stock unit award will be forfeited.Exhibit 10.1

 

SECOND AMENDMENT TO CREDIT
AGREEMENT

 

THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is
entered into as of July 27, 2010, among UNIVERSAL
AMERICAN CORP., a New York corporation (the “Borrower”),
the Lenders party to the Credit Agreement (hereinafter defined) and BANK OF AMERICA, N.A., as the Administrative Agent for the
Lenders.

 

The Borrower, the Lenders and the Administrative
Agent are party to the Credit Agreement dated as of September 18, 2007 (as
heretofore amended, waived or otherwise modified, including pursuant to that
certain First Amendment to Credit Agreement dated as of November 9, 2009,
the “Credit Agreement”), and have
agreed, upon the following terms and conditions, to amend the Credit Agreement
in certain respects.  Accordingly, for
valuable and acknowledged consideration, the Borrower, the Lenders and the
Administrative Agent agree as follows:

 

1.                                       Terms
and References.  Unless
otherwise stated in this Amendment, (a) terms defined in the Credit
Agreement have the same meanings when used in this Amendment and
(b) references to “Sections”
are to the Credit Agreement’s sections.

 

2.                                       Amendments.

 

(a)                                  The grid appearing in the
definition of “Applicable Rate” set forth in Section 1.01 is
amended to read in its entirety as follows:

 

	
  Level

  	
   

  	
  Consolidated

  Leverage Ratio

  	
   

  	
  Eurodollar Rate

  +

  Letters of Credit

  	
   

  	
  Base Rate

  +

  	
   

  	
  Commitment

  Fee Rate

  	
   

  
	
  1

  	
   

  	
  > 2.00:1.00

  	
   

  	
  1.500

  	
  %

  	
  .500

  	
  %

  	
  .375

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  < 2.00:1.00 and >
  1.25:1.00

  	
   

  	
  1.375

  	
  %

  	
  .375

  	
  %

  	
  .300

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  < 1.25:1.00

  	
   

  	
  1.125

  	
  %

  	
  .125

  	
  %

  	
  .250

  	
  %

  

 

(b)                                 Section 7.06(d) is
amended to read in its entirety as follows:

 

(d)                                 if a Rating
Condition exists at the time such Restricted Payment is declared, the Borrower
may declare and make, directly or indirectly, a Restricted Payment if such Restricted
Payment is payable in cash and the amount of such Restricted Payment, when
aggregated with the amount of all other Restricted Payments declared pursuant
to this Section 7.06(d) at a time that a Rating Condition
exists, does not exceed $300,000,000 (it being understood that if any
Restricted Payment is made with respect to which such Restricted Payment has
not been declared at or prior to the making of such Restricted Payment, then
such Restricted Payment shall be deemed to have been declared simultaneously
with the making of such Restricted Payment for purposes of this clause);
provided that with respect to any Restricted Payment declared and/or made on or
after July 27, 2010 pursuant to this Section 7.06(d), the
Borrower will make a prepayment of the Term Loans pursuant to Section 2.05(a) in
an amount equal to fifty percent (50%) of

 

 

the amount of such Restricted Payment not more than
five (5) Business Days after such Restricted Payment is made; and
provided, further, that, if the amount of such required prepayment, when
aggregated with all such required prepayments (pursuant to this Section 7.06(d))
not yet made, is less than $1,000,000, the Borrower may delay such prepayment(s) until
the earlier of (i) five (5) Business Days after the aggregate amount
of such required prepayments not yet made equals or exceeds $1,000,000 and (ii) the
last Business Day of the then current calendar quarter, on which earlier date
such required prepayment(s) not yet made shall be due and payable.

 

3.                                       Waiver.  The Lenders hereby waive any Default or Event
of Default existing on the date of this Amendment as the result of the failure
of the Borrower and its Restricted Subsidiaries to timely execute and/or
deliver, or to cause to be executed and/or delivered, the documents and
instruments required to be executed and/or delivered pursuant to Sections
6.12(a) and 6.12(d) of the Credit Agreement in connection
with the formation or acquisition of UAC Holding, Inc., which documents
and instruments have now been executed and delivered.

 

4.                                       Conditions
Precedent to Effectiveness of Amendment.  This Amendment shall not be effective unless
and until the Administrative Agent receives: (a) counterparts of this
Amendment executed by the Borrower, the Required Lenders and the Administrative
Agent and consented to in writing by the Guarantors; (b) payment of an
amendment fee to each Lender that executes and delivers this Amendment at or
before noon, New York time on July 26, 2010, in an amount equal to .125%
of the sum of (i) the outstanding principal balance of the Term Loan owing
to such Lender and (ii) the Revolving Credit Commitment of such Lender, in
each case immediately before giving effect to this Amendment; (c) payment
of all reasonable expenses, including reasonable legal fees and expenses of
counsel to the Administrative Agent, incurred by the Administrative Agent in
connection with this Amendment, to the extent invoiced to the Borrower on or
prior to the date hereof; and (d) such documents as the Administrative
Agent may reasonably request to evidence the due authorization of the
execution, delivery and performance by the Borrower and each of the Guarantors
of this Amendment, the incumbency of the officer of the Borrower and each of
the Guarantors executing this Amendment, and any other matters relevant
thereto.

 

5.                                       Representations.  The Borrower represents and warrants to the
Administrative Agent and the Lenders as follows:  (a) the execution, delivery and
performance by the Borrower of this Amendment and the Credit Agreement, as
amended hereby, have been duly authorized by all necessary corporate action;
(b) after giving effect to this Amendment, all representations and
warranties made or deemed made by the Borrower in the Loan Documents are true
and correct in all material respects as of the date hereof (provided that any such representation and warranty that is
qualified as to “materiality,” “Material Adverse Effect” or similar language is
true and correct in all respects), except to the extent that such
representations and warranties expressly relate solely to an earlier date, in
which case such representations and warranties were true and accurate in all
material respects on and as of such earlier date (provided
that any such representation and warranty that was qualified as to “materiality,”
“Material Adverse Effect” or similar language was true and correct in all
respects), and except for changes in factual circumstances not prohibited by
the Credit Agreement; and (c) after giving effect to this Amendment, no
Default or Event of Default has occurred and is continuing as of the date
hereof.

 

6.                                       Effect
of Amendment.  This
Amendment is a Loan Document.  Except as
expressly modified and amended by this Amendment, all of the terms, provisions
and conditions of the Loan Documents shall remain unchanged and in full force
and effect.  The waiver set forth in this
Amendment is expressly limited to the matters subject to such waiver and this
Amendment shall not consitute the waiver of the Administrative Agent or any
Lender of any other Default, Event of Default or other matter requiring its
waiver under the Loan Documents.  If any
part of this Amendment is for any reason found to

 

2

 

be
unenforceable, all other portions of it shall nevertheless remain
enforceable.  The Loan Documents and any
and all other documents heretofore, now or hereafter executed and delivered
pursuant to the terms of the Credit Agreement are hereby amended so that any
reference to the Credit Agreement shall mean a reference to the Credit
Agreement as amended hereby.

 

7.                                       Expenses.  The Borrower shall pay all reasonable fees
and expenses paid or incurred by the Administrative Agent incident to this
Amendment, including, without limitation, the reasonable fees and expenses of
the Administrative Agent’s counsel in connection with the negotiation,
preparation, delivery and execution of this Amendment and any related
documents.

 

8.                                       Governing Law.  This Amendment shall be governed by and
construed in accordance with and be governed by the laws of the State of New
York, without regard to conflict of laws principles.

 

9.                                       Counterparts.  This Amendment may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute one and the same instrument.  Delivery of an executed signature page to
this Amendment by telecopy or other electronic imaging means shall be effective
as delivery of a manually executed counterpart of this Amendment.

 

10.                                 ENTIRETY.  THIS AMENDMENT, THE CREDIT
AGREEMENT, AND THE OTHER LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT BETWEEN THE
PARTIES AND SUPERCEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS, IF ANY, RELATING
TO THE SUBJECT MATTER HEREOF.  THESE LOAN
DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES.

 

11.                                 Parties.  This Amendment binds and inures
to the benefit of the Borrower, the Guarantors, the Administrative Agent, the
Lenders and their respective permitted successors and assigns.

 

[REMAINDER OF
PAGE INTENTIONALLY BLANK.

SIGNATURE PAGES
FOLLOW.]

 

3

 

Signature
Page to that certain Second Amendment to Credit Agreement dated as of the
date first set forth above, among Universal American Corp., as the Borrower,
Bank of America, N.A., as the Administrative Agent, and certain Lenders party
thereto.

 

	
   

  	
  UNIVERSAL AMERICAN CORP., as the
  Borrower

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Robert A. Waegelein, Executive Vice President and Chief Financial
  Officer

  

 

Signature
Page to Second Amendment to Credit Agreement

 

 

Signature
Page to that certain Second Amendment to Credit Agreement dated as of the
date first set forth above, among Universal American Corp., as the Borrower,
Bank of America, N.A., as the Administrative Agent, and certain Lenders party
thereto.

 

	
   

  	
  BANK OF AMERICA, N.A., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., as the

  
	
   

  	
  Administrative Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature
Page to Second Amendment to Credit Agreement

 

 

Signature
Page to that certain Second Amendment to Credit Agreement dated as of the
date first set forth above, among Universal American Corp., as the Borrower,
Bank of America, N.A., as the Administrative Agent, and certain Lenders party
thereto.

 

	
   

  	
  BANK OF COMMUNICATIONS CO., LTD., NEW YORK
  BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature
Page to Second Amendment to Credit Agreement

 

 

Signature
Page to that certain Second Amendment to Credit Agreement dated as of the
date first set forth above, among Universal American Corp., as the Borrower,
Bank of America, N.A., as the Administrative Agent, and certain Lenders party
thereto.

 

	
   

  	
  RAYMOND JAMES BANK FSB, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature
Page to that certain Second Amendment to Credit Agreement dated as of the
date first set forth above, among Universal American Corp., as the Borrower,
Bank of America, N.A., as the Administrative Agent, and certain Lenders party
thereto.

 

	
   

  	
  CALYON NEW YORK BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature
Page to that certain Second Amendment to Credit Agreement dated as of the
date first set forth above, among Universal American Corp., as the Borrower,
Bank of America, N.A., as the Administrative Agent, and certain Lenders party
thereto.

 

	
   

  	
  CHANG HWA COMMERCIAL BANK, LTD., LOS
  ANGELES BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  CITIBANK, N.A., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American Corp.,
as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  SUNTRUST BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  U.S. BANK NATIONAL ASSOCIATION, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  FIFTH THIRD BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  NATIONAL
  BANK OF EGYPT, NEW YORK BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  NATIONAL
  CITY BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  TAIPEI
  FUBON COMMERCIAL BANK, LOS ANGELES BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
  UNION
  BANK OF CALIFORNIA, N.A., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
                                                                ,
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

Signature Page to that certain Second Amendment to Credit
Agreement dated as of the date first set forth above, among Universal American
Corp., as the Borrower, Bank of America, N.A., as the Administrative Agent, and
certain Lenders party thereto.

 

	
   

  	
                                                                ,
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

 

 

To
induce the Administrative Agent and the Lenders to enter into this Amendment,
the undersigned consent and agree (a) to its execution and delivery and
terms and conditions thereof, (b) that this document in no way releases,
diminishes, impairs, reduces, or otherwise adversely affects any Liens,
Guaranties, assurances, or other obligations or undertakings of any of the undersigned
under any Loan Documents, and (c) that this Amendment binds each of the
undersigned and its successors and permitted assigns and inures to the benefit
of the Administrative Agent, the Lenders, and their respective successors and
permitted assigns.

 

 

	
  HERITAGE HEALTH SYSTEMS, INC., as a
  Guarantor

  	
   

  	
  MEMBERHEALTH
  LLC, as a Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  UAC HOLDING, INC., as a
  Guarantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Signature Page to
Second Amendment to Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]