Document:

AMP 03.31.2014 Exhibit 10.2

FIRST AMENDMENT

TO THE

AMERIPRISE ADVISOR GROUP DEFERRED COMPENSATION PLAN

WHEREAS, pursuant to its delegation powers, the Compensation and Benefits Committee (the "Committee") of the Board of Directors of Ameriprise Financial, Inc. (the "Company") has delegated to the Company's Executive Vice President of Human Resources the authority to determine the terms and approve non-material changes relating to the Ameriprise Advisor Group Deferred Compensation Plan (the "Plan"), as deemed necessary or appropriate, so long as it does not have a financial impact to the Company in excess of $5 million for any given Plan year; and

WHEREAS, Section 7.07 of the Plan provides that in the event of an Unforeseeable Emergency a Participant may petition the Committee to receive partial or full payout of vested amounts credited to only the Participant's Annual Deferral Accounts, management has recommended to allow a Participant to petition the Committee to receive partial or full payout of vested amounts credited to one or more of the Participant's Plan Accounts; and

WHEREAS, the undersigned officer of the Company deems it necessary and appropriate
to make the amendment set forth below; and

THEREFORE, the Plan is hereby amended effective as the date and manner noted herein below:

Section 7.07 Unforeseeable Emergency is amended in its entirety effective on the date as executed below to read as follows:

7.07     Unforeseeable Emergency. In the event that a Participant experiences an Unforeseeable Emergency, the Participant may petition the Committee to receive a partial or full payout of amounts credited to one or more of the Participant's Plan Accounts. The Committee shall determine, in its sole discretion, whether the requested payout shall be made, the amount of the payout and the Plan Accounts from which the payout will be made; provided, however, that the payout shall not exceed the lesser of the Participant's Aggregate Vested Balance or the amount reasonably needed to satisfy the Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution. In making its determination under this Article, the Committee shall be guided by the requirements of Section 409A and any other related prevailing legal authorities, and the Committee shall take into account the extent to which a Participant's Unforeseeable 

Emergency is or may be relieved through reimbursement or compensation by insurance or otherwise or by the liquidation by the Participant of his or her assets (to the extent the liquidation of such assets would not itself cause severe financial hardship). If, subject to the sole discretion of the Committee, the petition for a payout is approved, the payout shall be made within 90 days of the date of the Unforeseeable Emergency.

IN WITNESS WHEREOF, the Executive Vice President of Human Resources has caused this Amendment to be executed this 30th day of April, 2014.

AMERIPRISE FINANCIAL, INC.
                
By    /s/ Kelli A. Hunter                    
Title: Executive Vice President of Human ResourcesACC - EX10(c)(i)

AMENDMENT 
TO
DEPOSITORY AND CUSTODIAL AGREEMENT

This Amendment to Depository and Custodial Agreement, dated as of December 15, 2008 (the “Amendment”), is between Ameriprise Trust Company (“Custodian”) and Ameriprise Certificate Company (“ACC”) and amends the Depository and Custodial Agreement, dated as of December 31, 2006 (the “Agreement”), between Custodian and ACC.

WITNESSETH:

WHEREAS, Custodian and ACC are parties to the Agreement; and

WHEREAS, Custodian and ACC desire to amend the terms of the Agreement as set forth herein.

NOW, THEREFORE, the parties hereby agree as follows:

		
	(1)
	Exhibit A to the Agreement (Ameriprise Certificate Company Annual Fee Schedule) is hereby replaced with the attached Exhibit A, effective as of the date of this Amendment.

(2)  Except to the extent amended hereby, the Agreement shall remain in full force and effect.

[Remainder of page intentionally left blank]

Document Number: 305015    Version: 1

IN WITNESS WHEREOF the parties have executed this Amendment as of the date first written above.

	
		
	

AMERIPRISE TRUST COMPANY

By: /s/ Amy K. Johnson
Name:  Amy K. Johnson
Title:   President

	 

	 
	 

	

AMERIPRISE CERTIFICATE COMPANY

By: /s/ Scott R. Plummer
Name:  Scott R. Plummer
Title:   Vice President, General Counsel and Secretary

	 

Document Number: 305015    Version: 1

Document Number: 305015    Version: 1

Exhibit A

[REDACTED]

Document Number: 305015    Version: 1ACC - EX10(f)(i)

FIRST AMENDMENT 
TO 
CAPITAL SUPPORT AGREEMENT

This First Amendment to the Capital Support Agreement, dated as of April 30, 2014 (the “Amendment”), is between Ameriprise Certificate Company (the “Company”) and Ameriprise Financial, Inc. (the “Parent”), and amends the Capital Support Agreement, dated as of March 2, 2009 (the “Agreement”), between the Company and the Parent.

WITNESSETH:

WHEREAS, the Company and the Parent are parties to the Agreement; and

WHEREAS, the Company and the Parent desire to amend the terms of the Agreement as set forth herein.

NOW, THEREFORE, the parties hereby agree as follows:

		
	(1)
	Section 2 of the agreement is hereby deleted in its entirety and replaced with the following:

2. Limitations.  Notwithstanding Section 1 of this Agreement, Parent’s obligation to provide, or cause to be provided, capital under this Agreement is limited to an aggregate amount of no more than $50,000,000 (the “Maximum Capital Amount”).

		
	(2)
	This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original but all of which taken together will constitute one and the same instrument.

		
	(3)
	Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF the parties have executed this Amendment as of the date first written above.

AMERIPRISE CERTIFICATE COMPANY

By: /s/ Abu M. Arif
Name:  Abu M. Arif
Title:  President and Chief Executive Officer

AMERIPRISE FINANCIAL, INC.

By: /s/ James L. Hamalainen
Name:  James L. Hamalainen
Title:  Senior Vice President and TreasurerPOWI-EX10.1_CREDIT AGREEMENT_2014.3.31

	
					
	 
	 
	 
	 
	Exhibit 10.1

Execution Version

Second Amendment to
Credit Agreement
This Second Amendment to Credit Agreement (this “Amendment”) is entered into as of April 1, 2014, among Power Integrations, Inc., a Delaware corporation (“Borrower”), Union Bank, N.A. (“Union Bank”), Wells Fargo Bank, National Association (“Wells Fargo”) and Wells Fargo Bank, National Association, as administrative agent (“Agent”).
Recitals
Whereas Borrower, Union Bank, Wells Fargo and Agent are party to that certain Credit Agreement, dated as of July 5, 2012 (as amended prior to the date hereof, the “Existing Credit Agreement” and, as further amended from time to time, the “Credit Agreement”); 
Whereas the parties hereto have agreed to certain changes in the terms and conditions set forth in the Existing Credit Agreement and have agreed to amend the Existing Credit Agreement to reflect such changes;
Now, therefore, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree that the Existing Credit Agreement shall be amended as follows; provided that nothing contained herein shall terminate any security interests, guaranties, subordinations or other documents in favor of Agent, all of which shall remain in full force and effect unless expressly amended hereby:
Section 1.    Definitions.  Each capitalized term used but not otherwise defined herein has the meaning assigned to it in the Existing Credit Agreement.
Section 2.    Amendment to Credit Agreement.  Upon the effectiveness of this Amendment in accordance with Section 3 hereof, the Existing Credit Agreement is hereby amended as follows:
(a)    Section 1.1(a) of the Existing Credit Agreement is hereby amended by deleting the date “July 5, 2015” and by substituting for said date “April 1, 2017.”
Section 3.    Conditions Precedent.  This Amendment, including, without limitation the amendments to the Existing Credit Agreement contained herein, shall become effective as of the date first set forth above (the “Effective Date”) upon satisfaction of all of the conditions set forth in this Section 3 to the satisfaction of Bank:
(a)    Agent shall have received each of the following, duly executed and delivered by each of the applicable parties thereto:
(i)    this Amendment; 
(ii)    the First Modification to Line of Credit Note (regarding the Line of Credit Note issued by Borrower for the benefit of Union Bank);

(iii)    the First Modification to Line of Credit Note (regarding the Line of Credit Note issued by Borrower for the benefit of Wells Fargo);
(iv)    such other documents as Agent may require under any other Section of this Amendment; and
(b)    No Default or Event of Default, shall have occurred and be continuing.
(c)    Borrower shall have paid all fees and expenses owing to Agent, Wells Fargo or Union Bank under the Existing Credit Agreement as of the Effective Date, including, without limitation, all fees owing under Section 1.5 of the Existing Credit Agreement and reasonable attorneys’ fees expended or incurred by Agent, Wells Fargo or Union Bank in connection with the negotiation and execution of this Amendment.
Section 4.    Interpretation.  Except as expressly amended pursuant hereto, the Existing Credit Agreement and each of the other Loan Documents shall remain unchanged and in full force and effect and are hereby ratified and confirmed in all respects.  This Amendment and the Existing Credit Agreement shall be read together, as one document.  The Recitals hereto, including the terms defined therein, are incorporated herein by this reference and acknowledged by Borrower to be true, correct and complete.
Section 5.    Representations, Warranties and Covenants.  Borrower hereby remakes all representations and warranties contained in the Existing Credit Agreement and reaffirms all covenants set forth in the Credit Agreement as of the date of this Amendment.  Borrower further certifies that as of the date of this Amendment there exists no Default or Event of Default.
Section 6.    Further Assurances.  Borrower will make, execute, endorse, acknowledge, and deliver any agreements, documents, or instruments, and take any and all other actions, as may from time to time be reasonably requested by Agent to effect, confirm, or further assure or protect and preserve the interests, rights, and remedies of Agent and Lenders under the Credit Agreement and the other Loan Documents.
Section 7.    Counterparts.  This Amendment may be executed in any number of identical counterparts, any set of which signed by all the parties hereto shall be deemed to constitute a complete, executed original for all purposes.  Delivery of an executed counterpart of a signature page of this Amendment by telefacsimile transmission shall be as effective as delivery of a manually executed counterpart hereof.
Section 8.    Governing Law.  This Amendment shall be governed by and construed in accordance with the internal laws of the State of California.

In witness whereof, the parties hereto have caused this Amendment to be executed as of the date first written above.
	
					
	BORROWER:
	 
	AGENT:

	 
	 
	 
	 

	 
	 
	 
	WELLS FARGO BANK,

	POWER INTEGRATIONS, INC.
	 
	NATIONAL ASSOCIATION

	 
	 
	 
	 
	 

	By:
	/s/ Balu Balakrishnan
	 
	By:
	/s/ Stephen Cordani

	Name:
	Balu Balakrishnan,
	 
	Name:
	Stephen Cordani,

	Title:
	CEO
	 
	Title:
	LTM / SVP

	 
	 
	 
	 
	 

	LENDERS:
	 
	 
	 

	 
	 
	 
	 
	 

	WELLS FARGO BANK,
	 
	 
	 

	NATIONAL ASSOCIATION
	 
	 

	 
	 
	 
	 
	 

	By:
	/s/ Stephen Cordani
	 
	 
	 

	Name:
	Stephen Cordani,
	 
	 
	 

	Title:
	LTM / SVP
	 
	 
	 

	 
	 
	 
	 
	 

	UNION BANK, N.A.
	 
	 
	 

	 
	 
	 
	 
	 

	By:
	/s/ Michael J. McCutchin
	 
	 
	 

	Name:
	Michael J. McCutchin,
	 
	 
	 

	Title:
	Vice President
	 
	 
	 

	 
	 
	 
	 
	 

	LETTER OF CREDIT ISSUER:
	 
	 
	 

	 
	 
	 
	 
	 

	WELLS FARGO BANK,
	 
	 
	 

	NATIONAL ASSOCIATION
	 
	 
	 

	 
	 
	 
	 
	 

	By:
	/s/ Stephen Cordani
	 
	 
	 

	Name:
	Stephen Cordani,
	 
	 
	 

	Title:
	LTM / SVP
	 
	 
	 

Execution Version

FIRST MODIFICATION TO LINE OF CREDIT NOTE

This FIRST modification to LINE OF CREDIT NOTE (this “Modification”) is entered into as of April 1, 2014, by and between POWER INTEGRATIONS, INC., a Delaware corporation (“Borrower”), and Wells Fargo Bank, National Association (“Wells Fargo”).

RECITALS

WHEREAS, Borrower is currently indebted to Wells Fargo pursuant to the terms and conditions of (i) that certain Credit Agreement, dated as of July 5, 2012 (as amended, restated, modified and/or otherwise supplemented from time to time, the “Credit Agreement”), by and among Borrower, Union Bank, N.A., Wells Fargo, each other financial institution listed on Schedule 1 thereto (collectively, including Wells Fargo in its capacity as a lender thereunder, “Lenders”), and Wells Fargo, as administrative agent for the Lenders (in such capacity, “Agent”), and (ii) that certain Line of Credit Note in the original principal amount of Sixty‐Five Million Dollars ($65,000,00.00), executed by Borrower and payable to the order of Wells Fargo, as Lender, dated as of July 5, 2012 (as amended, restated, modified and/or otherwise supplemented from time to time, the “Note”).

WHEREAS, Borrower and Wells Fargo, as Lender, have agreed to certain changes in the terms and conditions set forth in the Note, and have agreed to modify the Note to reflect said changes.

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Note shall be modified as follows:

1.    The maturity date of the Note is hereby modified to be April 1, 2017.

2.    Except as expressly set forth herein, all terms and conditions of the Note remain in full force and effect, without waiver or modification.  All terms defined in the Note or the Credit Agreement shall have the same meaning when used in this Modification.  This Modification and the Note shall be read together, as one document.

3.    Borrower certifies that as of the date of this Modification, and after giving effect to this Modification, there exists no Event of Default under the Note or the Credit Agreement, nor any condition, act or event which with the giving of notice or the passage of time or both would constitute any such Event of Default.  

IN WITNESS WHEREOF, the parties hereto have caused this Modification to be executed as of the day and year first written above.

	
					
	 
	POWER INTEGRATIONS, INC.
	 
	 
	WELLS FARGO BANK

	 
	 
	 
	 
	NATIONAL ASSOCIATION

	 
	 
	 
	 
	 

	By:
	/s/ Balu Balakrishnan
	 
	By:
	/s/ Stephen Cordani

	Name:
	Balu Balakrishnan,
	 
	Name:
	Stephen Cordani,

	Title:
	CEO
	 
	Title:
	LTM / SVP

Execution Version

FIRST MODIFICATION TO LINE OF CREDIT NOTE

This FIRST modification to LINE OF CREDIT NOTE (this “Modification”) is entered into as of April 1, 2014, by and between POWER INTEGRATIONS, INC., a Delaware corporation (“Borrower”), and UNION BANK, N.A. (“Union”).

RECITALS

WHEREAS, Borrower is currently indebted to Union pursuant to the terms and conditions of (i) that certain Credit Agreement, dated as of July 5, 2012 (as amended, restated, modified and/or otherwise supplemented from time to time, the “Credit Agreement”), by and among Borrower, Union, Wells Fargo Bank, National Association (“Wells Fargo”), each other financial institution listed on Schedule 1 thereto (collectively, including Union and Wells Fargo in their respective capacities as a lender thereunder, “Lenders”), and Wells Fargo, as administrative agent for the Lenders (in such capacity, “Agent”), and (ii) that certain Line of Credit Note in the original principal amount of Thirty‐Five Million Dollars ($35,000,00.00), executed by Borrower and payable to the order of Union, as Lender, dated as of July 5, 2012 (as amended, restated, modified and/or otherwise supplemented from time to time, the “Note”).

WHEREAS, Borrower and Union, as Lender, have agreed to certain changes in the terms and conditions set forth in the Note, and have agreed to modify the Note to reflect said changes.

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Note shall be modified as follows:

1.    The maturity date of the Note is hereby modified to be April 1, 2017.

2.    Except as expressly set forth herein, all terms and conditions of the Note remain in full force and effect, without waiver or modification.  All terms defined in the Note or the Credit Agreement shall have the same meaning when used in this Modification.  This Modification and the Note shall be read together, as one document.

3.    Borrower certifies that as of the date of this Modification, and after giving effect to this Modification, there exists no Event of Default under the Note or the Credit Agreement, nor any condition, act or event which with the giving of notice or the passage of time or both would constitute any such Event of Default.  

IN WITNESS WHEREOF, the parties hereto have caused this Modification to be executed as of the day and year first written above.

	
					
	 
	 
	 
	 
	 

	 
	POWER INTEGRATIONS, INC.
	 
	 
	UNION BANK, N.A.

	 
	 
	 
	 
	 

	By:
	/s/ Balu Balakrishnan
	 
	By:
	/s/ Michael J. McCutchin

	Name:
	Balu Balakrishnan,
	 
	Name:
	Michael J. McCutchin,

	Title:
	CEO
	 
	Title:
	Vice President

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