Document:

exv10ws

Exhibit 10(s)

AMENDMENT TO AGREEMENT FOR MANAGEMENT ADVISORY, STRATEGIC 
PLANNING AND CONSULTING SERVICES

     This amendment to the Agreement for Management Advisory, Strategic Planning and Consulting
Services is dated April 8, 2010 and is between MidOcean US Advisor, LP, a Delaware limited
partnership (“MidOcean”) and Stratus Technologies, Inc., a Delaware corporation (“Stratus”).

     
MidOcean and Stratus entered into that certain Agreement for Management Advisory, Strategic
Planning and Consulting Services, effective as of October 1, 2005 and automatically renewable for
successive one-year periods (the “MidOcean Management Agreement”), whereby MidOcean would render
certain services to Stratus for a fee to be paid on an annual basis. MidOcean and Stratus now wish
to amend the MidOcean Management Agreement, pursuant to Section 8 of the MidOcean Management
Agreement, to adjust the annual fee payable to MidOcean for their services.

     MidOcean and Stratus therefore agree as follows:

      1. Amendment and Restatement of Section 3. Section 3 of the MidOcean
Management Agreement is hereby deleted in its entirety and the following substituted in lieu
thereof:

3. Fees. In consideration of MidOcean’s performance of the above-described services,
Stratus shall pay to MidOcean, in cash, an annual consulting services fee of: (i) for the
period beginning on the Effective Date and ending on April 8, 2010, $250,000 and (ii) for
the period beginning on April 9, 2010 and until the Agreement is terminated pursuant to
Section 1 hereto, $450,000 (collectively, the “Fee”) ; provided that the Fee payable on
October 1, 2009 shall be prorated between (i) and (ii) above based on the number of days
that each amount applied during the applicable Term. For the avoidance of doubt, for the
Term beginning on October 1, 2009 and ending on September 30, 2010 MidOcean shall receive
an aggregate Fee of $345,890.41 as a result of such pro ration. It is recognized that,
subject to the terms of this Agreement, Stratus is committed to pay the full amount payable
hereunder, and the Fee, once paid, is non-refundable. The full amount of the Fee for the
entire Term shall be paid upon execution of this Agreement, and, unless this Agreement is
terminated pursuant to Section 1 hereto, on each anniversary of the Effective Date. If and
to the extent that the First Amended and Restated Second Lien Credit Agreement dated as of
August 28, 2006 (as amended by the First Amendment to First Amended and Restated Second
Lien Credit Agreement dated as of June 5, 2007 and the Second Amendment to First Amended
and Restated Second Lien Credit Agreement dated as of April 8, 2010, and as further
amended, supplemented or otherwise modified, the “Credit Agreement”), by and among Stratus,
Stratus Technologies Bermuda Ltd., Deutsche Bank Trust Company Americas, as administrative
agent, Goldman Sachs Credit Partners (“GSCP”), as syndication agent and Deutsche Bank
Securities Inc. and GSCP as joint lead arrangers and joint bookrunners, and

 

 

certain financial institutions parties to the Credit Agreement, prohibits payment of the
Fee in cash, then the Fee shall accrue and be paid once the Obligations (as defined in the
Credit Agreement, other than contingent indemnification obligations) have been paid in
full.

      2. Amendment and Restatement of Section 11. Section 11 of the MidOcean
Management Agreement is hereby deleted in its entirety and the following substituted in lieu
thereof:

11. Assignment. This Agreement shall be assignable by either party hereto, provided that
the non-assigning party consents in writing to such assignment. Notwithstanding the previous
sentence, MidOcean may assign this Agreement to its affiliates without the consent of Stratus.

     3. Except as expressly amended by this amendment, the MidOcean Management
Agreement remains in full force and effect.

     4. This amendment, and any claim, counterclaim or dispute of any kind or nature whatsoever
arising out of or in any way relating to this amendment, directly or indirectly, shall be governed
by and construed exclusively in accordance with the internal laws of the state of New York without
regard to conflict of laws and choice of law.

[SIGNATURE PAGE FOLLOWS]

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     IN WITNESS WHEREOF, the parties hereto have executed this amendment as of the date first
above written.

	 	 	 	 	 
	 	MIDOCEAN US ADVISOR, LP

 	 
	 	By:  	MidOcean US Advisor Holdings, LLC, its General Partner
 	 
	 	 	 
	 	By:  	/s/ J. Edward Virtue
 	 
	 	 	Name:  	J. Edward Virtue 	 
	 	 	Title:  	Chief Executive Officer 	 
	 

[SIGNATURE PAGE TO AMENDMENT TO MIDOCEAN MANAGEMENT AGREEMENT)

 

 

	 	 	 	 	 
	 	STRATUS TECHNOLOGIES, INC.

 	 
	 	By:  	/s/ Frederick S. Prifty
 	 
	 	 	Name:  	Frederick S. Prifty 	 
	 	 	Title:  	Secretary 	 
	 

[SIGNATURE PAGE TO AMENDMENT TO MIDOCEAN MANAGEMENT AGREEMENT]Exhibit 10.2

Exhibit 10.2

Core-Mark Holding Company, Inc.

2010 Long-Term Incentive Plan

RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS AGREEMENT (the “Award Agreement”) is made effective as of
 _____ 
(the “Date of
Grant”) between Core-Mark Holding Company, Inc., a Delaware corporation (with any successor, the
“Company”), and
 _____ 
(the “Participant”):

R
E C I T A L S:

WHEREAS,
the Company has adopted the Core-Mark Holding Company, Inc. 2010 Long-Term Incentive Plan (the “Plan”), which Plan is incorporated herein by reference and
made a part of this Award Agreement. Capitalized terms not otherwise defined herein shall have the
same meanings as in the Plan; and

WHEREAS, the Committee has determined that it would be in the best interests of the Company
and its stockholders to grant the restricted stock units provided for herein to the Participant
pursuant to the Plan and the terms set forth herein.

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties
agree as follows:

1. Restricted Stock Unit Award. Subject to the terms and conditions of the Plan and
this Agreement, the Company hereby grants to the Participant
 _____ 
Restricted Stock Units (the
“RSUs”). Each RSU represents one notional Share.

2. Settlement of RSUs. Except in accordance with a deferral election pursuant to
Section 5, on each Vesting Date (as defined below) or as soon as practicable, but no later than
sixty (60) days, thereafter, [at the Company’s election, the Company shall either (i) settle the
vested RSUs in cash or (ii)] the Company shall deliver to the Participant one or more certificates
representing the number of Shares equal to the number of RSUs that vested on such Vesting Date. If
the Participant has elected to defer payment of the Shares as provided in Section 5, the Shares
shall be issued as set forth in the Deferral Election Agreement attached hereto as Exhibit A.
Prior to settlement, the Participant shall make arrangements with the Company for the satisfaction
of any federal, state, local or foreign withholding obligations that may arise in connection with
such settlement in accordance with the terms of the Plan.

3. Vesting of RSUs.

(a) Vesting Schedule. Subject to the Participant’s continued Service on each Vesting
Date, one third (1/3rd) of the RSUs shall vest on the first anniversary of the Date of
Grant, and thereafter, the remaining two-thirds (2/3rd) of the RSUs shall vest in equal
quarterly installments on each March 31, June 30, September 30 and December 31 of
 _____ 
and
 _____ 
(each, a
“Vesting Date”), such that
 _____ 
RSUs vest on each such Vesting Date.

 

 

 

(b) Acceleration.

(i) In the event the Participant’s Service terminates due to death, Disability or
Retirement prior to the first anniversary of the Date of Grant, the unvested portion of the
RSUs shall vest on a pro rata basis based on the ratio of (i) the number of complete months
beginning on the Date of Grant and ending on the date of the Participant’s termination of
Service to (ii) thirty-six (36).

(ii) In the event the Participant’s Service terminates due to death, Disability or
Retirement on or after the first anniversary of the Date of Grant, the unvested portion of
the RSUs shall become fully vested and non-forfeitable on the date of such termination of
Service.

(iii) If, within one year following a Change in Control, the Participant’s Service is
terminated by the Company without Cause or by the Participant with Good Reason, the
unvested portion of the RSUs shall become fully vested and non-forfeitable on the date of
the Participant’s termination of Service.

(c) Termination of Service. If the Participant’s Service is terminated for any
reason, other than as described in Section 3(b) above, the RSUs, to the extent not then-vested,
shall be forfeited by the Participant without any consideration.

4. Dividend Equivalents. With respect to each RSU the Participant shall have the
right to receive an amount equal to the per Share dividend (if any) paid by the Company during the
period between the Date of Grant and the RSU’s settlement (including any RSUs that are converted
into deferred stock units), termination or forfeiture, subject to the remainder of this Section 4.
When dividends are paid by the Company, the Participant shall be credited with an amount determined
by multiplying the number of the Participant’s unvested RSUs by the dividend per Share, which
amount shall be held by the Company and subject to forfeiture until the related RSUs vest in
accordance with Section 3 hereof. Such dividends shall be paid to the Participant as soon as
administratively practicable, but not later than sixty (60) days, following the settlement of the
RSUs to which the dividends relate.

5. Deferral Election. The Participant may elect no later than
 _____ 
1 to
defer delivery of the Shares that would otherwise be due by virtue of the lapse or waiver of the
vesting requirements of Section 3 by delivering the Deferral Election Agreement attached hereto as
Exhibit A. If such deferral election is made, the RSUs shall be converted into deferred stock
units, and the Committee shall, in its sole discretion, establish the rules and procedures for such
payment deferrals in accordance with the Plan and the Deferral Election Agreement.

6. No Right to Continued Service. The granting of the RSUs evidenced hereby and this
Agreement shall impose no obligation on the Company or any Affiliate to continue the Service of the Participant and shall not lessen or affect any right that the
Company or any Affiliate may have to terminate the Service of such Participant.

7. Rights as a Stockholder. The Participant shall have none of the rights of a
Stockholder of the Company unless and until the RSUs are settled for Shares.

                          
              

	 	 	 
	1	 	This date must be no later than 30 days from the Date
of Grant.

 

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8. Securities Laws/Legend on Certificates. The issuance and delivery of Shares shall
comply with all applicable requirements of law, including (without limitation) the Securities Act
of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and
regulations, and the regulations of any stock exchange or other securities market on which the
Company’s securities may then be traded. If the Company deems it necessary to ensure that the
issuance of Shares under the Plan is not required to be registered under any applicable securities
laws, each Participant to whom such Shares would be issued shall deliver to the Company an
agreement or certificate containing such representations, warranties and covenants as the Company
may request which satisfies such requirements. The certificates representing the Shares shall be
subject to such stop transfer orders and other restrictions as the Committee may deem reasonably
advisable, and the Committee may cause a legend or legends to be put on any such certificates to
make appropriate reference to such restrictions.

9. Transferability. The RSUs may not be assigned, alienated, pledged, attached, sold
or otherwise transferred or encumbered by the Participant other than by will or by the laws of
descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate;
provided, that, the designation of a beneficiary shall not constitute an
assignment, alienation, pledge, attachment, sale, transfer or encumbrance. No such permitted
transfer of the RSUs to heirs or legatees of the Participant shall be effective to bind the Company
unless the Committee shall have been furnished with written notice thereof and a copy of such
evidence as the Committee may deem necessary to establish the validity of the transfer and the
acceptance by the transferee or transferees of the terms and conditions hereof.

10. Adjustment of RSUs. Adjustments to the RSUs shall be made in accordance with
Article 12 of the Plan.

11. Definitions. The following terms shall have the meanings set forth below:

“Disability” shall have the meaning set forth in the Participant’s employment agreement with
the Company or its Affiliates, if any, or if the Participant is not a party to an employment
agreement with a definition of “Disability,” then “Disability” means a disability that would
entitle a Participant to payment of monthly disability payments under any Company long-term
disability plan.

“Good Reason” means the resignation of a Participant following the occurrence of (A) a
material reduction in the scope of the Participant’s authorities, duties or responsibilities; (B) a
material reduction in the Participant’s salary and benefits (other than benefits under programs
that apply to all similarly situated employees or employees of the Company in general); or (C) a
change in the principal work location of the Participant of more than 100 miles from its current
location.

“Retirement” means the Participant’s termination of Service after the attainment of age 65
with the intention not to seek future employment.

12. Withholding. The Participant may be required to pay to the Company or any
Affiliate and the Company shall have the right and is hereby authorized to withhold, any applicable
withholding taxes in respect of the RSUs, their grant, vesting or otherwise and to take such other
action as may be necessary in the opinion of the Committee to satisfy all obligations for the
payment of such withholding taxes.

 

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13. Notices. Any notification required by the terms of this Agreement shall be given
in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit
with the United States Postal Service (or in the case of non-U.S. Participant, the foreign postal
service of the country in which the Participant resides), by registered or certified mail, with
postage and fees prepaid. A notice shall be addressed to the Company, Attention: Human Resources,
at its principal executive office and to the Participant at the address that he or she most
recently provided to the Company.

14. Entire Agreement. This Agreement and the Plan constitute the entire contract
between the parties hereto with regard to the subject matter hereof. They supersede any other
agreements, representations or understandings (whether oral or written and whether express or
implied) which relate to the subject matter hereof.

15. Waiver. No waiver of any breach or condition of this Agreement shall be deemed to
be a waiver of any other or subsequent breach or condition whether of like or different nature.

16. Participant Undertaking. The Participant agrees to take whatever additional
action and execute whatever additional documents the Company may deem necessary or advisable to
carry out or effect one or more of the obligations or restrictions imposed on either the
Participant or the RSUs pursuant to this Agreement.

17. Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of, and be binding upon, the Company and its successors and assigns and upon the
Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the
Participant’s estate, whether or not any such person shall have become a party to this Agreement
and agreed in writing to be joined herein and be bound by the terms hereof.

18. Choice of Law; Jurisdiction; Waiver of Jury Trial. THIS AWARD AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF DELAWARE WITHOUT REGARD TO CONFLICTS OF
LAWS.

SUBJECT TO THE TERMS OF THIS AWARD AGREEMENT, THE PARTIES AGREE THAT ANY AND ALL ACTIONS
ARISING UNDER OR IN RESPECT OF THIS AWARD AGREEMENT SHALL BE LITIGATED IN THE FEDERAL OR STATE
COURTS IN DELAWARE. BY EXECUTING AND DELIVERING THIS AWARD AGREEMENT, EACH PARTY IRREVOCABLY
SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS FOR ITSELF, HIMSELF OR HERSELF AND IN RESPECT
OF ITS, HIS OR HER PROPERTY WITH RESPECT TO SUCH ACTION. EACH PARTY AGREES THAT VENUE WOULD BE
PROPER IN ANY OF SUCH COURTS, AND HEREBY WAIVES ANY OBJECTION THAT ANY SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION.

 

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EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AWARD AGREEMENT.

19. RSUs Subject to Plan. By entering into this Agreement the Participant agrees and
acknowledges that the Participant has received and read a copy of the Plan. The RSUs are subject
to the Plan. The terms and provisions of the Plan as it may be amended from time to time are
hereby incorporated herein by reference. In the event of a conflict between any term or provision
contained herein and a term or provision of the Plan, the applicable terms and provisions of the
Plan will govern and prevail. The Participant has had the opportunity to retain counsel, and has
read carefully, and understands, the provisions of the Plan and this Agreement.

20. Amendment. The Committee may amend or alter this Agreement and the RSUs granted
hereunder at any time; provided, that, subject to Article 11, Article 12 and
Article 13 of the Plan, no such amendment or alteration shall be made without the consent of the
Participant if such action would materially diminish any of the rights of the Participant under
this Agreement or with respect to the RSUs.

21. Fractional Shares. Fractional shares shall not be issued and any rights thereto
shall be forfeited without consideration.

22. Severability. The provisions of this Agreement are severable and if any one or
more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions shall nevertheless be binding and enforceable.

23. Signature in Counterparts. This Agreement may be signed in counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.

24. No Guarantees Regarding Tax Treatment. Participants (or their beneficiaries)
shall be responsible for all taxes with respect to the RSUs. The Committee and the Company make no
guarantees regarding the tax treatment of the RSUs. Neither the Committee nor the Company has any
obligation to take any action to prevent the assessment of any tax under Section 409A of the Code
or otherwise and none of the Company, any Subsidiary or Affiliate, or any of their employees or
representatives shall have any liability to a Participant with respect thereto.

 

5

 

25. Compliance with Section 409A. The Company intends that the RSUs be structured in
compliance with, or to satisfy an exemption from, Section 409A of the Code and all regulations,
guidance, compliance programs and other interpretative authority thereunder (“Section 409A”), such
that there are no adverse tax consequences, interest, or penalties under Section 409A as a result
of the RSUs. In the event the RSUs are subject to Section 409A, the Committee may, in its sole
discretion, take the actions described in Section 12.1 of the Plan. Notwithstanding any contrary
provision in the Plan or this Agreement, any payment(s) of nonqualified deferred compensation
(within the meaning of Section 409A) that are otherwise required to be made under this Agreement to
a “specified employee” (as defined under Section 409A) as a result of his or her separation from service (other than a payment that is not
subject to Section 409A) shall be delayed for the first six (6) months following such separation
from service (or, if earlier, the date of death of the specified employee) and shall instead be
paid on the date that immediately follows the end of such six (6) month period or as soon as
administratively practicable thereafter. A termination of Service shall not be deemed to have
occurred for purposes of any provision of the Agreement providing for the payment of any amounts or
benefits that are considered nonqualified deferred compensation under Section 409A upon or
following a termination of Service, unless such termination is also a “separation from service”
within the meaning of Section 409A and the payment thereof prior to a “separation from service”
would violate Section 409A. For purposes of any such provision of this Agreement relating to any
such payments or benefits, references to a “termination,” “termination of Service” or like terms
shall mean “separation from service.”

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Unit Award
Agreement as of the date first written above.

	 	 	 	 	 
	 	CORE-MARK HOLDING COMPANY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 
	Agreed and acknowledged as
	 	 
	 
	 	 
	of the date first above written:
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	 

PARTICIPANT

	 	 

 

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EXHIBIT A

Core-Mark Holding Company, Inc.

Restricted Stock Units

Deferral Election Agreement

Please complete this Deferral Election Agreement (this “Agreement”) and return a signed
copy to Core-Mark Holding Company, Inc. (the “Company”) by
 _____. If the Company does not
receive this Agreement by such date, you shall be deemed to have foregone your right to make a
deferral election.

	 	 	 
	Name:
	 	SS#:
	 

 

	o	 	I do not wish to make a voluntary deferral related to my outstanding restricted stock
units. (If you check this box, do not complete the remainder of this Agreement—skip ahead to
the bottom of this Agreement, date and sign, and return the Agreement as indicated above.)

	o	 	I hereby irrevocably elect to defer receipt of the shares of Common Stock related to my
restricted stock units granted on
 _____ 
until the earlier of: (i) the Settlement Dates
specified below; (ii) my Retirement; or (iii) my termination of Service. This deferral shall
be in accordance with the terms and provisions outlined in this Agreement in the manner and
amount set forth below. (If you check this box, please complete all sections of this
Agreement, date and sign at the bottom of this Agreement, and return the Agreement as
indicated above.)

 

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Amount of the Voluntary Deferral

I hereby elect to defer settlement of 100% of my restricted stock units that are scheduled to
vest on or after _____________________________.

Settlement Date

In making this election, the following rules apply:

	 	•	 	You must select a date (the “Settlement Date”) as of which you will
receive shares of Common Stock associated with the restricted stock units that you elected
to defer above.

	 	•	 	You may elect as many Settlement Dates as you wish related to the restricted
stock units that are scheduled to vest on or after
 ___________________. You must, however, defer
the restricted stock units in increments of 100; provided that, the total
number of units you elect to defer on the last Settlement Date may be less than 100 for
rounding purposes. For example, if you have 500 restricted stock units you may elect five
different Settlement Dates; i.e. one Settlement Date related to each increment of 100.

I hereby irrevocably elect to defer receipt of the Shares associated with the above-referenced
restricted stock units until the following date(s) and in the following increment(s).

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	1.	 	 	(i)	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Number
	 	Month
	 	Day
	 	Year	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	(ii)	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Number
	 	Month
	 	Day
	 	Year	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	(iii)	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Number
	 	Month
	 	Day
	 	Year	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	4.	 	 	(iv)	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Number
	 	Month
	 	Day
	 	Year	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	5.	 	 	(v)	 	 	 	 	 
	 	 	 	 	 	 	 	 	Number	 	Upon termination of employment	 	 

If no Settlement Date is specified, then the transfer will occur upon your termination of
employment.

 

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Manner of Transfer

All deferrals to a particular Settlement Date will be paid out in shares of Common Stock. All of
the shares of Common Stock you are entitled to receive on the Settlement Date specified in this
Agreement will be transferred to you on such Settlement Date. Any capitalized terms used herein
and not defined herein shall have the meanings set forth in the Plan and the Grant Agreement.

Terms and Conditions

By signing this form, you hereby acknowledge your understanding and acceptance of the following:

	1.	 	Company Right to Early Transfer. Notwithstanding any election made herein, the Company
reserves the right to transfer to you all of the shares of Common Stock associated with the
deferred stock units subject to this Agreement at any time following the termination of your
employment with the Company or any Subsidiary.

	2.	 	Withholding. The Company shall have the right to deduct from all deferrals or payments
hereunder, the minimum statutory amount of any federal, state, local or foreign tax required
by law to be withheld.

	3.	 	Not Assignable. Your rights and interests under this Agreement may not be assigned, pledged
or transferred other than as provided in the Plan.

	4.	 	Termination of this Agreement. The Company reserves the right to terminate this Agreement at
any time. In such case, deferred stock units which are subject to the Agreement may be
converted into shares of Common Stock and such shares of Common Stock may be transferred to
you immediately.

	5.	 	Bookkeeping Account. The Company will establish a bookkeeping account to reflect the number
of deferred stock units and the Fair Market Value of the deferred stock units that are subject
to this Agreement.

	6.	 	Stock Certificates. Stock certificates (the “Certificates”) evidencing the payment
of deferred stock units in shares of Common Stock, shall be issued as of the applicable
Settlement Dates (or such earlier date payment is to be made pursuant to this Agreement) and
registered in your name. Subject to the withholding requirements outlined above, Certificates
representing shares of Common Stock will be delivered to you as soon as practicable after the
Settlement Date.

	7.	 	Dividend Equivalents. You shall not have any rights as a stockholder of the Company;
provided that, you shall have the right to receive accumulated dividends or
distributions subject to the terms and conditions set forth in Section 4 of the Grant
Agreement.

 

10

 

	8.	 	Representation. You hereby represent that any shares of Common Stock acquired by you in
connection with the deferred stock unit are acquired for investment for your own account (or a
trust account), not as a nominee or agent, and not with a view to the resale or distribution
of any part thereof, and that you have no present intention of granting any participation in
or otherwise distributing the shares of Common Stock to be delivered pursuant to the deferred
stock unit. By signing this Grant Agreement, you further represent that you do not have any
contract, undertaking, agreement or arrangement with any person to sell, transfer or grant
participation to such person or to any third person, with respect to the shares of Common
Stock to be delivered pursuant to the deferred stock unit.

	9.	 	Change in Control. Upon a Change in Control, all of your deferred stock units shall be
converted into shares of Common Stock of the Company and such shares of Common Stock shall be
distributed to you as soon as practicable following the Change in Control, or as determined by
the Committee, the Company shall distribute to you such consideration as such shares of Common
Stock are entitled pursuant to such Change in Control. For purposes of this Deferral
Agreement, the definition of Change in Control shall not include Section 2.8(d) of the
Plan (Change in Control — stockholder approval of a plan of liquidation or dissolution);
Section 2.8(e) of the Plan (Change in Control — stockholder approval of sale or
liquidation of substantially all of the Company’s assets) and Section 2.8(f) of the
Plan (Change in Control — stockholder approval of a going private transaction) until the
Company actually completes the transactions approved by the stockholders (i.e., consummates a
plan of liquidation, consummates a sale of all or substantially all of the Company’s assets or
consummates the going private transaction).

	10.	 	Governing Law. This Agreement shall be construed and administered according to the laws of
the State of Delaware.

	11.	 	Defined Terms. All capitalized terms not defined in this Agreement are defined in the
Core-Mark Holding Company, Inc. 2010 Long-Term Incentive Plan.

By executing this Agreement, I hereby acknowledge my understanding of and agreement with all the
terms and provisions set forth in this Agreement.

	 	 	 	 	 	 	 	 	 	 	 
	Executive	 	 	 	Core-Mark Holding Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

 

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