Document:

EX-10.11

 Exhibit 10.11 

THIRD AMENDMENT OF ESI 401(k) PLAN 

This Third Amendment of ESI 401(k) Plan (the “Plan”) is adopted by ITT Educational Services, Inc. (the “Employer”).

 Background 

A. Effective January 1, 2012, the Employer amended and completely restated the Plan. 

B. The Plan was amended by First and Second Amendments. 

C. The Employer now wishes to amend the Plan further. 

Amendment 

Effective January 1, 2015, the Plan is amended as follows: 
  

	 	1.	A new Section 2.59A is added to the Plan to read as follows: 

  

	 	2.59A	“Student Worker” shall mean an Employee who is an active student who provides peer tutoring, student assistance, general clerical support and lab assistance, as assigned. 

 

	 	2.	Sections 4.1(a)(i), (ii) and (iii) of the Plan are amended to read as follows: 

  

	 	(i)	Except as otherwise provided in Section 3.3, each Member who is not an Adjunct Instructor or a Student Worker shall have his or her Salary reduced by 2%, and that amount shall be contributed on his or her behalf to
the Plan by the Company as Pre-Tax Savings until and unless the Member elects in accordance with the procedures and within the time period prescribed by the Committee, to receive that Salary directly from the Company in cash. This reduction in
Salary shall commence as soon as administratively practicable following (1) the Member’s Enrollment Date or (2) the Member’s reenrollment date, as defined in Article III, and shall be applied to Salary that could have been
subsequently received by the Member. The Member may elect, subject to the provisions of paragraphs (b) through (d) below, to increase or decrease the reduction of his or her subsequent Salary, in increments of 1%, down to a total of 1%, or
up to an unlimited total percent, and have that amount contributed on his or her behalf to the Plan by the Company as Pre-Tax Savings. An election shall be effective with the first payroll period on or after the date as of which the election is to
apply or as soon as administratively practicable thereafter. 

	 	(ii)	Except as otherwise provided in Section 3.3, each Member who is an Adjunct Instructor or a Student Worker may elect, subject to the provisions of paragraphs (b) through (d) below, to have his or her
Salary reduced by at least 1%, up to an unlimited total percent, in increments of 1%, and have that amount contributed on his or her behalf to the Plan by the Company as Pre-Tax Savings. The election shall be effective with the first payroll period
on or after the date as of which the election is to apply or as soon as administratively practicable thereafter. If a Member who is an Adjunct Instructor or a Student Worker makes no election pursuant to the preceding provisions of this paragraph,
his or her Salary will not be reduced and he or she will receive his or her Salary directly from the Company in cash. 

  

	 	(iii)	A Member, including a Member who is an Adjunct Instructor or a Student Worker, also may elect, subject to the provisions of paragraph (b) through (d) below and in accordance with procedures prescribed by the
Committee, to automatically increase the reduction of his or her subsequent Salary annually, in increments of 1%, over a period of one or more years, specifying the month in which each annual increase shall be effective and the amount of each annual
increase, and have that amount contributed on his or her behalf to the Plan by the Company as Pre-Tax Savings. Elections specified to be effective in a particular month shall be effective with the first payroll period of that month. A Member may
cancel his or her election to automatically and annually increase the reduction of his or her subsequent Salary at any time. 

  

	 	3.	Section 9.1 of the Plan is amended to read as follows: 

  

	 	9.1	General Conditions for Withdrawals. Subject to the restrictions set forth below, at any time before Termination of Employment, a Member may request a withdrawal of any amount from his or her Accounts in
accordance with the administrative procedures and within the time period prescribed by the Committee. Any such withdrawal shall be payable only in cash and shall be in accordance with the conditions of Section 9.2, 9.3, or 9.4. Any number
of withdrawal requests of any kind, including hardship, shall be permitted each calendar year. For purposes of this Article IX, a Member’s Accounts shall be valued as of the applicable Valuation Date. Amounts to be withdrawn and
distributed to Members will not participate in the investment experience of the Plan after that Valuation Date. Withdrawn amounts generally shall be paid as soon as practicable following the Valuation Date. If a Member has Accounts in more than one
Fund, the amount withdrawn shall be prorated among the Funds based on their respective values. 

	 	4.	Sections 9.3(c) and (d) of the Plan are amended to read as follows: 

  

	 	(c)	As a condition for Hardship, the Member must have an immediate and heavy financial need to draw upon his or her Pre-Tax Investment Account. The Committee shall presume the existence of an immediate and heavy financial
need if the requested withdrawal is on account of any of the following: 

  

	 	(i)	expenses for medical care described in Code section 213(d) previously incurred by the Member, his or her spouse or any of his or her dependents (as defined in Code section 152) or necessary for those persons
to obtain that medical care, to the extent those expenses are not paid or reimbursed by insurance; 

  

	 	(ii)	costs directly related to the purchase of a principal residence of the Member (excluding mortgage payments); 

  

	 	(iii)	payment of tuition and related educational fees, including room and board expenses, for up to the next 12 months of post-secondary education of the Member, or his or her spouse or dependents (as defined in Code
section 152 without regard to Code section 152(b)(1), (b)(2) and (d)(1)(B)); 

  

	 	(iv)	payment of amounts necessary to prevent eviction of the Member from his or her principal residence or to avoid foreclosure on the mortgage of his or her principal residence; 

 

	 	(v)	payments for burial or funeral expenses for the Member’s deceased parent, spouse, children or dependents (as defined in Code section 152 without regard to Code section 152(d)(1)(B)); 

 

	 	(vi)	expenses for the repair of damage to the Member’s principal residence that would qualify for a casualty deduction under Code section 165 (determined without regard to whether the loss exceeds 10% of adjusted
gross income). 

 The amount of withdrawal may not exceed the amount of the immediate and heavy financial need of the Member,
including any amounts necessary to pay any federal, state, or local income taxes on the amount withdrawn and any amounts necessary to pay any penalties reasonably anticipated to result from the distribution. 

In evaluating the relevant facts and circumstances, the Committee and any delegate thereof shall act in a nondiscriminatory fashion and shall
treat uniformly those Members who are similarly situated. The Member shall furnish to the Committee or its delegate such supporting documents as the Committee or its delegate may request in accordance with uniform and nondiscriminatory rules
prescribed by the Committee. 

	 	(d)	As a condition for Hardship, the Member must demonstrate that the requested withdrawal is necessary to satisfy the financial need described in paragraph (c). The Committee shall deem the Member to have demonstrated
such necessity, provided the following requirements are met: (A) the Member has obtained all distributions, other than distributions available only on account of hardship, and all nontaxable loans currently available under the Plan and all
other plans of the Company and Associated Companies; and (B) the Member is prohibited from making Pre-Tax Savings to the Plan and all other plans of the Company and Associated Companies under the terms of those plans or by means of an otherwise
legally enforceable agreement for at least six months after receipt of the distribution. For purposes of (B), “all other plans of the Company and Associated Companies” shall include stock option plans, stock purchase plans, qualified and
non-qualified deferred compensation plans, and such other plans as may be designated under regulations issued under Code section 401(k), but shall not include health and welfare benefit plans or the mandatory employee contribution portion of a
defined benefit plan. 

  

	 	5.	Section 11.9 of the Plan is amended to read as follows: 

  

	 	11.9	Determination of Nonforfeitable Account Balance. For purposes of determining whether a Member’s nonforfeitable account balance exceeds $1,000 or $5,000 under this Article and Section 16.4, the value of
a Member’s nonforfeitable account balance shall be determined with regard to that portion of the account balance that is attributable to rollover distributions (and earnings allocable thereto) within the meaning of Code sections 402(c),
403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16). 

 This Third Amendment of ESI 401(k) Plan (2012 Restatement) is executed this 14th day of November, 2014. 
  

			
	ITT EDUCATIONAL SERVICES, INC.
		
	By:		/s/ Erica Bisch
			(Signature)
		
			Erica Bisch
			(Printed)
		
			VP, HR
			(Title)

 ATTEST: 
  

	
	
	/s/ Jenny Yonce
	(Signature)
	
	Jenny Yonce
	(Printed)
	
	Manager, Benefits
	(Title)EX-10.55

 Exhibit 10.55 

CONFORMED COPY 
 AMENDMENT
NO. 5 
 TO THE WEBMD HEALTH CORP. 

SUPPLEMENTAL BONUS PROGRAM TRUST AGREEMENT 

THIS AMENDMENT is made to be effective as of February 26, 2015: 

WHEREAS, WebMD Health Corp. (the “Company”) and Peter Anevski (the “Trustee”) are parties to the WebMD Health Corp.
Supplemental Bonus Program Trust Agreement (as Amended and Restated Effective as of March 15, 2008 and further amended by Amendment Nos. 1, 2, 3 and 4) (the “Trust Agreement”); 

WHEREAS, the Compensation Committee of the Board of Directors of the Company approved an extension of, and certain amendments to, the
supplemental bonus program, as provided herein; and 
 NOW, THEREFORE, the Trust Agreement is hereby amended as follows: 

1. 
 Section 1.01(a)(iii) of
the Trust is hereby amended by replacing “December 31, 2015” with “December 31, 2016”. 
 2. 

Section 1.01(b) is amended by adding the following at the end thereof: “The Company has made Bonuses under the supplemental bonus
program for the performance year ended December 31, 2014 (the “2014 Bonuses”). Accordingly, the term of the supplemental bonus program and the Trust is extended until full payment of such Bonuses has been made, subject to
Section 1.01(a).” 
 3. 

Section 2.01 is amended by adding the following definition in alphabetical order: 

“Good Reason” has the meaning described in an employment agreement between the Participant and the Company, WebMD Health
Corp. or a Subsidiary thereof or, if the Participant is not bound by an employment agreement that defines Good Reason, the following meaning: a Participant’s resignation of employment within one year of the occurrence (without his or her
written consent) of any of the following conditions or events: (i) any material reduction in the Participant’s base salary, (ii) a material reduction in the Participant’s authority with the Company, (iii) any material breach
by the Company of an employment agreement between the Company and the Participant; provided, however, that none of the foregoing conditions or events shall constitute Good Reason unless (A) the Participant shall have provided written notice to
the Company within ninety (90) days after the occurrence of such condition or event describing the condition or event claimed to constitute Good Reason and (B) the Company shall have failed to remedy the condition or event within thirty
(30) days of its receipt of such written notice. 
 4. 

Section 3.02(a) is amended by adding the following at the end thereof: 

“For the 2014 Bonuses, any forfeitures held in the Forfeiture Account as of the Participant Bonus Determination Date for such bonuses
(March 1, 2016) shall be reallocated to the other Participants who are employed on such Participant Bonus Determination Date other than the Chief Executive Officer and the Chairman of the Board.” 

 4. 

Section 3.02(b) of the Trust Agreement is hereby amended in its entirety to read as follows: 

“(b) Upon a Participant’s Termination of Employment prior to the Participant Bonus Determination Date, he or she shall forfeit all
rights to any portion of his or her Bonus; provided however that (i) if a Participant dies or (ii) the Governing Committee determines that a Participant’s Termination of Employment is as a result of (A) a Disability, (B) the
sale of the Subsidiary or Division by which he or she is employed, or (C) the Company’s termination of the Participant’s employment without Cause (as defined in the Participant’s employment agreement) or the Participant’s
Termination of Employment with Good Reason, in each case following a Change of Control of the Company (as defined in the Company’s Amended and Restated 2005 Long-Term Incentive Plan), then such Participant shall be entitled to his or her Bonus,
which shall be paid within 2-1/2 months following the date of his or her Termination of Employment. In addition, (A) in the event of a Participant’s Termination of Employment as part of a reduction in force or due to the elimination of the
Participant’s position, the Governing Committee shall have the authority, in its discretion, to determine that the Bonus will not be forfeited, in which case, the Participant shall be entitled to his or her Bonus, which shall be paid within
2-1/2 months following the date of his or her Termination of Employment and (B) the Governing Committee may approve, in a separate written agreement with a Participant, that such Participant be entitled to payment of his or her Award upon a
termination of employment under other circumstances. The timing of payments will be subject to Section 3.06 below.” 
 5. 

Section 3.03(e) is hereby amended by adding the following at the end thereof: 

“Notwithstanding the foregoing, for the 2014 Bonuses, if all of the Participants have a Termination of Employment prior to the
Participant Bonus Determination Date, the Final Participants shall include all Participants other than the Chief Executive Officer and Chairman of the Board and the references to the Executive Officers in the immediately preceding sentences shall be
amended to be references to the Chief Executive Officer and the Chairman of the Board.” 
 6. 

Section 3.06 of the Trust Agreement is hereby amended by adding the following at the end thereof: 

“Notwithstanding any other provisions of this Trust Agreement, any payment hereunder that the Company reasonably determines is subject to
Section 409(a)(2)(b)(i) of the Code shall not be paid until six (6) months after a Participant’s termination of employment or his or her death. On the earliest date on which such payment can be made without violating the requirements
of Section 409(a)(2)(b)(i) of the Code, Participant shall be paid, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence.” 

7. 
 Except as provided herein,
the provisions of the Trust Agreement shall remain in full force and effect. All references to the Trust Agreement shall be references to the Trust Agreement as amended by this Amendment No. 5. 

  
 2 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Amendment to the Trust
Agreement to be effective as of the day and year first written above. 
  

							
	TRUSTEE				WEBMD HEALTH CORP.
				
	 /s/ Peter Anevski
				By:		 /s/ David Schlanger

	Peter Anevski						David Schlanger
							Chief Executive Officer
				
					By:		 /s/ Peter Anevski

							Peter Anevski
							EVP and Chief Financial Officer

  
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