Document:

exv10w1

Exhibit 10.1

L-3 COMMUNICATIONS HOLDINGS, INC.

AMENDED AND RESTATED

2008 LONG TERM PERFORMANCE PLAN

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE	 
	SECTION 1. Purpose
	 	 	1	 
	 
	 	 	 	 
	SECTION 2. Definitions; Rules of Construction
	 	 	1	 
	 
	 	 	 	 
	SECTION 3. Eligibility
	 	 	3	 
	 
	 	 	 	 
	SECTION 4. Awards
	 	 	3	 
	 
	 	 	 	 
	SECTION 5. Shares of Stock and Share Units Available Under Plan
	 	 	6	 
	 
	 	 	 	 
	SECTION 6. Award Agreements
	 	 	8	 
	 
	 	 	 	 
	SECTION 7. Adjustments; Change in Control; Acquisitions
	 	 	11	 
	 
	 	 	 	 
	SECTION 8. Administration
	 	 	13	 
	 
	 	 	 	 
	SECTION 9. Amendment and Termination of this Plan
	 	 	15	 
	 
	 	 	 	 
	SECTION 10. Miscellaneous 
	 	 	16	 

 

 

L-3 COMMUNICATIONS HOLDINGS, INC.

AMENDED AND RESTATED

2008 LONG TERM PERFORMANCE PLAN

SECTION 1. Purpose.

     The purpose of this Plan is to benefit the Corporation’s stockholders by encouraging high
levels of performance by individuals who contribute to the success of the Corporation and its
Subsidiaries and to enable the Corporation and its Subsidiaries to attract, motivate, retain and
reward talented and experienced individuals. This purpose is to be accomplished by providing
eligible individuals with an opportunity to obtain or increase a proprietary interest in the
Corporation and/or by providing eligible individuals with additional incentives to join or remain
with the Corporation and its Subsidiaries.

SECTION 2. Definitions; Rules of Construction.

     (a) Defined Terms. The terms defined in this Section shall have the following meanings for
purposes of this Plan:

     “Award” means an award granted pursuant to Section 4.

     “Award Agreement” means an agreement described in Section 6 by the Corporation for the
benefit of a Participant, setting forth (or incorporating by reference) the terms and
conditions of an Award granted to a Participant.

     “Beneficiary” means a person or persons (including a trust or trusts) validly
designated by a Participant or, in the absence of a valid designation, entitled by will or
the laws of descent and distribution, to receive the benefits specified in the Award
Agreement and under this Plan in the event of a Participant’s death.

     “Board of Directors” or “Board” means the Board of Directors of the Corporation.

     “Change in Control” means change in control as defined in Section 7(c).

     “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     “Committee” means the Committee described in Section 8(a).

     “Corporation” means L-3 Communications Holdings, Inc.

 

 

     “Employee” means any person, including an officer (whether or not also a director) in
the regular full-time employment of the Corporation or any of its Subsidiaries who, in the
opinion of the Committee is, or is expected to be, primarily responsible for the management,
growth or protection of some part or all of the business of the Corporation or any of its
Subsidiaries, but excludes, in the case of an Incentive Stock Option, an Employee of any
Subsidiary that is not a “subsidiary corporation” of the Corporation as defined in Code
Section 424(f).

     “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

     “Executive Officer” means executive officer as defined in Rule 3b-7 under the Exchange
Act. If the Board has designated the executive officers of the Corporation for purposes of
reporting under the Exchange Act, the designation shall be conclusive for purposes of this
Plan.

     “Fair Market Value” means the closing price of the relevant security as reported on the
composite tape of New York Stock Exchange issues (or if, at the date of determination, the
security is not so listed or if the principal market on which it is traded is not the New
York Stock Exchange, such other reporting system as shall be selected by the Committee) on
the relevant date, or, if no sale of the security is reported for that date, the next
preceding day for which there is a reported sale. The Committee shall determine the Fair
Market Value of any security that is not publicly traded, using criteria as it shall
determine, in its sole direction, to be appropriate for the valuation.

     “Insider” means any person who is subject to Section 16(b) of the Exchange Act.

     “Minimum Ownership Stock” means any Award of shares of Stock of the Corporation that
are issued, in accordance with Section 4(a)(5), in lieu of cash compensation in order to
satisfy applicable stock ownership guidelines from time to time in effect.

     “Option” means a Nonqualified Stock Option or an Incentive Stock Option as described in
Section 4(a)(1) or (2).

     “Participant” means a person who is granted an Award, pursuant to this Plan, that
remains outstanding.

     “Performance-Based Awards” is defined in Section 4(b).

     “Performance Goals” means any combination of one or more of the following criteria:
cash flow, earnings per share, return on equity, return on invested capital, total
stockholder return or any other performance
goal that

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the Committee in its sole discretion establishes in accordance with the
requirements of Section 162(m) of the Code for which applicable shareholder approval
requirements are met. Performance Goals may be stated in absolute terms or relative to
comparison companies or indices to be achieved during a period of time.

     “Rule 16b-3” means Rule 16b-3 under Section 16 of the Exchange Act, as amended from
time to time.

     “Share Units” means the number of units under an Award (or portion thereof) that is
payable solely in cash or is actually paid in cash, determined by reference to the number of
shares of Stock by which the Award (or portion thereof) is measured.

     “Stock” means shares of Common Stock of the Corporation, par value $0.01 per share,
subject to adjustments made under Section 7 or by operation of law.

     “Subsidiary” means, as to any person, any corporation, association, partnership, joint
venture or other business entity of which 50% or more of the voting stock or other equity
interests (in the case of entities other than corporations), is owned or controlled
(directly or indirectly) by that entity, or by one or more of the Subsidiaries of that
entity, or by a combination thereof.

     (b) Rules of Construction. For purposes of this Plan and the Award Agreements, unless
otherwise expressly provided or the context otherwise requires, the terms defined in this Plan
include the plural and the singular, and pronouns of either gender or neuter shall include, as
appropriate, the other pronoun forms.

SECTION 3. Eligibility.

     Any one or more Awards may be granted to any Employee, or any non-Employee who provides
services to or on behalf of the Corporation or any of its Subsidiaries, who is designated by the
Committee to receive an Award.

SECTION 4. Awards.

     (a) Type of Awards. The Committee may from time to time grant any of the following types of
Awards, either singly, in tandem or in combination with other Awards:

     (1) Nonqualified Stock Options. A Nonqualified Stock Option is an Award in the form of
an option to purchase Stock that is not intended to comply with the requirements of Code
Section 422. The exercise price of each Nonqualified Stock Option granted under this Plan
shall not be
less than the Fair Market Value of the Stock on the date that the Option is granted.

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     (2) Incentive Stock Options. An Incentive Stock Option is an Award in the form of an
option to purchase Stock that is intended to comply with the requirements of Code Section
422 or any successor section thereof. The exercise price of each Incentive Stock Option
granted under this Plan shall not be less than the Fair Market Value of the Stock on the
date the Option is granted. If a Participant on the date an Incentive Stock Option is
granted owns, directly or indirectly within the meaning of Code Section 424(d), stock
possessing more than ten percent (10%) of the total combined voting power of all classes of
stock of the Corporation, the exercise price per share of the Incentive Stock Option shall
not be less than one hundred and ten percent (110%) of the Fair Market Value per share of
the Stock at the time of grant, and such Incentive Stock Option shall not be exercisable
after the expiration of five (5) years from the date such Incentive Stock Option is granted.
To the extent that the aggregate Fair Market Value of Stock with respect to which one or
more incentive stock options first become exercisable by a Participant in any calendar year
exceeds $100,000, taking into account both Stock subject to Incentive Stock Options under
this Plan and stock subject to incentive stock options under all other plans of the
Corporation or of other entities referenced in Code Section 422(d)(1), the options shall be
treated as Nonqualified Stock Options. For this purpose, the Fair Market Value of the Stock
subject to options shall be determined as of the date the Options were granted.

     (3) Stock Appreciation Rights. A Stock Appreciation Right is an Award in the form of a
right to receive, upon surrender of the right, but without other payment, an amount based on
the appreciation in the value of the Stock or the Option over a base price established in
the Award, payable in cash, Stock or such other form or combination of forms of payout, at
times and upon conditions (which may include a Change in Control), as may be approved by the
Committee. The minimum base price of a Stock Appreciation Right granted under this Plan
shall not be less than the Fair Market Value of the underlying Stock on the date the Stock
Appreciation Right is granted.

     (4) Restricted Stock. Restricted Stock is an Award of issued shares of Stock of the
Corporation (other than Minimum Ownership Stock) that are subject to restrictions on
transfer and/or such other restrictions on incidents of ownership as the Committee may
determine.

     (5) Other Share-Based Awards. The Committee may from time to time grant Awards under
this Plan that provide the Participants with Stock or the right to purchase Stock, or
provide other incentive Awards
(including, but not limited to, Minimum Ownership Stock, phantom stock or units,
performance stock or units, bonus stock, dividend equivalent units, or similar securities or
rights) that have a value derived from the value of, or an

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exercise or conversion privilege
at a price related to, or that are otherwise payable in shares of Stock. The Awards shall
be in a form determined by the Committee, provided that the Awards shall not be inconsistent
with the other express terms of this Plan applicable to such Awards.

     (b) Special Performance-Based Awards. Without limiting the generality of the foregoing, any
of the type of Awards listed in Section 4(a) may be granted as awards that satisfy the requirements
for “performance-based compensation” within the meaning of Code Section 162(m) (“Performance-Based
Awards”), the grant, vesting, exercisability or payment of which may depend on the degree of
achievement of the Performance Goals relative to preestablished targeted levels for the Corporation
or any of its Subsidiaries, divisions or other business units. Performance-Based Awards shall be
subject to the requirements of clauses (1) through (7) below, except that notwithstanding anything
contained in this Section 4(b) to the contrary, any Option or Stock Appreciation Right intended to
qualify as a Performance-Based Award shall not be subject to the requirements of clauses (2), (4),
(5) and (6) below (with such Awards hereinafter referred to as a “Qualifying Option” or a
“Qualifying Stock Appreciation Right”, respectively). An Award that is intended to satisfy the
requirements of this Section 4(b) shall be designated as a Performance-Based Award at the time of
grant.

     (1) Eligible Class. The eligible class of persons for Awards under this Section 4(b)
shall be all Employees.

     (2) Performance Goals. The performance goals for any Awards under this Section 4(b)
(other than Qualifying Options and Qualifying Stock Appreciation Rights) shall be, on an
absolute or relative basis, one or more of the Performance Goals. The specific performance
target(s) with respect to Performance Goal(s) must be established by the Committee in
advance of the deadlines applicable under Code Section 162(m) and while the performance
relating to the Performance Goal(s) remains substantially uncertain.

     (3) Individual Limits. The maximum number of shares of Stock or Share Units that are
issuable under Options, Stock Appreciation Rights, Restricted Stock or other Awards
(described under Section 4(a)(5)) that are granted as Performance-Based Awards to any
Participant shall not exceed five percent of the total shares outstanding of the Corporation
during the life of the Plan, either individually or in the aggregate, subject to adjustment
as provided in Section 7. The maximum number of shares of Stock and Share Units issuable or
payable pursuant to all
Performance-Based Awards (including Qualifying Options and Qualifying Stock
Appreciation Rights) granted during a calendar year to any Employee shall be 500,000,
subject to adjustment as provided in Section 7. Awards that are cancelled during the year
shall be counted against these limits to the extent required by Code Section 162(m).

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     (4) Committee Certification. Before any Performance-Based Award under this Section
4(b) (other than Qualifying Options and Qualifying Stock Appreciation Rights) is paid, the
Committee must certify in writing (by resolution or otherwise) that the applicable
Performance Goal(s) and any other material terms of the Performance-Based Award were
satisfied; provided, however, that a Performance-Based Award may be paid without regard to
the satisfaction of the applicable Performance Goal in the event of the Participant’s death
or permanent disability or in the event of a Change in Control as provided in Section 7(b).

     (5) Terms and Conditions of Awards. Committee Discretion to Reduce Performance Awards.
The Committee shall have discretion to determine the conditions, restrictions or other
limitations, in accordance with the terms of this Plan and Code Section 162(m), on the
payment of individual Performance-Based Awards under this Section 4(b). To the extent set
forth in an Award Agreement, the Committee may reserve the right to reduce the amount
payable in accordance with any standards or on any other basis (including the Committee’s
discretion), as the Committee may impose.

     (6) Adjustments for Material Changes. To the extent set forth in an Award Agreement,
in the event of (i) a change in corporate capitalization, a corporate transaction or a
complete or partial corporate liquidation, or (ii) any extraordinary gain or loss or other
event that is treated for accounting purposes as an extraordinary item under generally
accepted accounting principles, or (iii) any material change in accounting policies or
practices affecting the Corporation and/or the Performance Goals or targets, the Committee
shall make adjustments to the Performance Goals and/or targets, applied as of the date of
the event, and based solely on objective criteria, so as to neutralize, in the Committee’s
judgment, the effect of the event on the applicable Performance-Based Award.

     (7) Interpretation. Except as specifically provided in this Section 4(b), the
provisions of this Section 4(b) shall be interpreted and administered by the Committee in a
manner consistent with the requirements for exemption of Performance-Based Awards granted to
Executive Officers as “performance-based compensation” under Code Section 162(m) and
regulations and other interpretations issued by the Internal Revenue Service thereunder.

SECTION 5. Shares of Stock and Share Units Available Under Plan.

     (a) Aggregate Limits on Shares and Share Units. (i) Subject to Section 5(b), the maximum
number of shares of Stock that may be issued pursuant to all Awards under the Plan is 12,220,667,
(ii) the maximum number of such shares of Stock that may be issued pursuant to all Awards of
Incentive Stock

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Options is 3,000,000, and (iii) the maximum number of shares of Stock and Share
Units that may be issuable or payable pursuant to all Awards granted during a calendar year to any
Participant shall be 500,000, in each case subject to adjustment as provided in this Section 5 or
Section 7.

     (b) Share Usage for Full Value Awards. Solely for purposes of calculating the number of
shares of Stock available for issuance pursuant to Section 5(a)(i), each share of Stock that may be
issued pursuant to Awards granted on or after March 1, 2010 (other than Awards of Options and Stock
Appreciation Rights) shall be counted as 2.6 shares.

     (c) Reissue of Shares and Share Units. Any unexercised, unconverted or undistributed portion
of any expired, cancelled, terminated or forfeited Award, or any alternative form of consideration
under an Award that is not paid in connection with the settlement of an Award or any portion of an
Award, shall again be available for Awards under Sections 5(a) and (b), as applicable, whether or
not the Participant has received benefits of ownership (such as dividends or dividend equivalents
or voting rights) during the period in which the Participant’s ownership was restricted or
otherwise not vested. To the extent an Award is settled in cash in lieu of issuing shares of Stock
subject thereto, such shares shall be deemed to constitute Share Units (and not shares of Stock
issued pursuant to an Award) for purposes of the limits set forth in Sections 5(a) and (b). For
the avoidance of doubt, the following shares of Stock shall not become available for reissuance
under the Plan: (1) shares tendered by Participants as full or partial payment to the Corporation
upon exercise of Options or other Awards granted under the Plan; (2) shares of Stock reserved for
issuance upon the grant of Stock Appreciation Rights, to the extent the number of reserved shares
exceeds the number of shares actually issued upon exercise of the Stock Appreciation Rights; and
(3) shares withheld by, or otherwise remitted to, the Corporation to satisfy a Participant’s tax
withholding obligations upon the lapse of restrictions on Restricted Stock or the exercise of
Options or Stock Appreciation Rights or upon any other payment or issuance of shares under any
other Award granted under the Plan.

     (d) Interpretive Issues. Additional rules for determining the number of shares of Stock or
Share Units authorized under this Plan may be adopted by the Committee, as it deems necessary or
appropriate.

     (e) Treasury Shares; No Fractional Shares. The Stock which may be issued (which term includes
Stock reissued or otherwise delivered) pursuant to
an Award under this Plan may be treasury or authorized but unissued Stock or Stock acquired,
subsequently or in anticipation of a transaction under this Plan, in the open market or in
privately negotiated transactions to satisfy the requirements of this Plan. No fractional shares
shall be issued but fractional interests may be accumulated.

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     (f) Consideration. The Stock issued under this Plan may be issued (subject to Section 10(d))
for any lawful form of consideration, the value of which equals the par value of the Stock or such
greater or lesser value as the Committee, consistent with Sections 10(d) and 4(a)(1), (2) and (3),
may require.

     (g) Purchase or Exercise Price; Withholding. The exercise or purchase price (if any) of the
Stock issuable pursuant to any Award and any withholding obligation under applicable tax laws shall
be paid at or prior to the time of the delivery of such Stock in cash or, subject to the
Committee’s express authorization and the restrictions, conditions and procedures as the Committee
may impose, any one or combination of (i) cash, (ii) the delivery of shares of Stock, or (iii) a
reduction in the amount of Stock or other amounts otherwise issuable or payable pursuant to such
Award. In the case of a payment by the means described in clause (ii) or (iii) above, the Stock to
be so delivered or offset shall be determined by reference to the Fair Market Value of the Stock on
the date as of which the payment or offset is made.

     (h) Cashless Exercise. The Committee may also permit the exercise of the Award and payment of
any applicable withholding tax in respect of an Award by delivery of written notice, subject to the
Corporation’s receipt of a third party payment in full in cash (or in such other form as permitted
under Section 5(g)) for the exercise price and the applicable withholding at or prior to the time
of issuance of Stock, in the manner and subject to the procedures as may be established by the
Committee.

SECTION 6. Award Agreements.

     Each Award under this Plan shall be evidenced by an Award Agreement in a form approved by the
Committee setting forth the number of shares of Stock or Share Units, as applicable, subject to the
Award, and the price (if any) and term of the Award and, in the case of Performance-Based Awards,
the applicable Performance Goals, if any. The Award Agreement shall also set forth (or incorporate
by reference) other material terms and conditions applicable to the Award as determined by the
Committee consistent with the limitations of this Plan.

     (a) Incorporated Provisions. Award Agreements shall be subject to the terms of this Plan and
shall be deemed to include the following terms:

     (1) Transferability: An Award shall not be assignable nor transferable, except by will
or by the laws of descent and distribution,
and during the lifetime of a Participant the Award shall be exercised only by such
Participant or by his or her guardian or legal representative, except that Awards, other
than Incentive Stock Options, may be transferred to and thereafter exercised by a family
member or family members of a Participant, or transferred to an irrevocable trust or trusts
(or other similar estate

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planning entity or entities) established for the benefit of a
Participant and/or one or more of the Participant’s family members, during the Participant’s
lifetime. The designation of a Beneficiary hereunder shall not constitute a transfer
prohibited by the foregoing provisions.

     (2) Rights as Stockholder: A Participant shall have no rights as a holder of Stock with
respect to any unissued securities covered by an Award until the date the Participant
becomes the holder of record of these securities. Except as provided in Section 7, no
adjustment or other provision shall be made for dividends or other stockholder rights,
except to the extent that the Award Agreement provides for dividend equivalents or similar
economic benefits.

     (3) Withholding: The Participant shall be responsible for payment of any taxes or
similar charges required by law to be withheld from an Award or an amount paid in
satisfaction of an Award and these obligations shall be paid by the Participant on or prior
to the payment of the Award. In the case of an Award payable in cash, the withholding
obligation shall be satisfied by withholding the applicable amount and paying the net amount
in cash to the Participant. In the case of an Award paid in shares of Stock, a Participant
shall satisfy the withholding obligation as provided in Section 5(g) or Section 5(h).

     (4) Option Holding Period: Subject to the authority of the Committee under Section 7,
and except as otherwise provided by the Committee or as allowed under Rule 16b-3 of the
Exchange Act, a minimum six-month period shall elapse between the date of initial grant of
any Option and the sale of the underlying shares of Stock, and the Corporation may impose
legend and other restrictions on the Stock issued on exercise of the Options to enforce this
requirement; provided, however, that such limitation shall not apply to the extent provided
by the Committee on account of the Participant’s death, permanent disability or retirement
or in the event of a Change in Control as provided in Section 7(b).

     (5) Maximum Term of Awards. No Award that contemplates exercise or conversion may be
exercised or converted to any extent, and no other Award that defers vesting, shall remain
outstanding and unexercised, unconverted or unvested more than ten years after the date the
Award was initially granted.

     (b) Other Provisions. Award Agreements may include other terms and conditions as the
Committee shall approve, including but not limited to the following:

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     (1) Termination of Employment: A provision describing the treatment of an Award
in the event of the retirement, disability, death or other termination of a Participant’s
employment with or services to the Company, including any provisions relating to the
vesting, exercisability, forfeiture or cancellation of the Award in these circumstances,
subject, in the case of Performance-Based Awards, to the requirements for “performance-based
compensation” under Code Section 162(m).

     (2) Vesting; Effect of Termination; Change in Control: Any other terms consistent with
the terms of this Plan as are necessary and appropriate to effect the Award to the
Participant, including but not limited to the vesting provisions, any requirements for
continued employment, any other restrictions or conditions (including performance
requirements) of the Award, and the method by which (consistent with Section 7) the
restrictions or conditions lapse, and the effect on the Award of a Change in Control.
Unless otherwise provided by the Committee in the applicable Award Agreement, (1) the
minimum vesting period for Awards of Restricted Stock shall be three years from the date of
grant (or one year in the case of Restricted Stock Awards that are Performance-Based Awards)
and (2) the vesting period of an Award of Restricted Stock may not be accelerated to a date
that is within such minimum vesting period except in the event of the Participant’s death,
permanent disability or retirement or in the event of a Change in Control.

     (3) Replacement and Substitution: Any provisions permitting or requiring the surrender
of outstanding Awards or securities held by the Participant in whole or in part in order to
exercise or realize rights under or as a condition precedent to other Awards, or in exchange
for the grant of new or amended Awards under similar or different terms; provided, that
except in connection with an adjustment contemplated by Section 7, no such provisions of an
Award Agreement shall permit a “Repricing” as defined in Section 8(d).

     (4) Dividends: Any provisions providing for the payment of dividend equivalents on
unissued shares of Stock or unpaid Share Units underlying an Award, on either a current or
deferred or contingent basis, and either in cash or in additional shares of Stock; provided
that dividend equivalents may not be paid with respect to Awards of Options or Stock
Appreciation Rights.

     (c) Contract Rights, Forms and Signatures. Any obligation of the Corporation to any
Participant with respect to an Award shall be based solely upon contractual obligations created by
this Plan and an Award Agreement. No Award shall be enforceable until the Award Agreement has been
signed on behalf of the Corporation by an Executive Officer (other than the recipient) or his or
her delegate. By accepting receipt of the Award Agreement, a Participant
shall be deemed to have accepted and consented to the terms of this Plan and any action taken in good faith

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under this Plan by and within the discretion of the Committee, the Board of Directors
or their delegates. Unless the Award Agreement otherwise expressly provides, there shall be no
third party beneficiaries of the obligations of the Corporation to the Participant under the Award
Agreement.

SECTION 7. Adjustments; Change in Control; Acquisitions.

     (a) Adjustments. If there shall occur any recapitalization, stock split (including a stock
split in the form of a stock dividend), reverse stock split, merger, combination, consolidation, or
other reorganization or any extraordinary dividend or other extraordinary distribution in respect
of the Stock (whether in the form of cash, Stock or other property), or any split-up, spin-off,
extraordinary redemption, or exchange of outstanding Stock, or there shall occur any other similar
corporate transaction or event in respect of the Stock, or a sale of substantially all the assets
of the Corporation as an entirety, then the Committee shall, in the manner and to the extent, if
any, as it deems appropriate and equitable to the Participants and consistent with the terms of
this Plan, and taking into consideration the effect of the event on the holders of the Stock:

     (1) proportionately adjust any or all of:

     (A) the number and type of shares of Stock and Share Units which thereafter may
be made the subject of Awards (including the specific maxima and numbers of shares
of Stock or Share Units set forth elsewhere in this Plan),

     (B) the number and type of shares of Stock, other property, Share Units or cash
subject to any or all outstanding Awards,

     (C) the grant, purchase or exercise price, or conversion ratio of any or all
outstanding Awards, or of the Stock, other property or Share Units underlying the
Awards,

     (D) the securities, cash or other property deliverable upon exercise or
conversion of any or all outstanding Awards,

     (E) subject to Section 4(b), the performance targets or standards appropriate
to any outstanding Performance-Based Awards, or

     (F) any other terms as are affected by the event; and/or

     (2) provide for:

     (A) an appropriate and proportionate cash settlement or distribution, or

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     (B) the substitution or exchange of any or all outstanding Awards, or the cash,
securities or property deliverable on exercise, conversion or vesting of the Awards.

     Notwithstanding the foregoing, in the case of an Incentive Stock Option, no adjustment shall
be made which would cause this Plan to violate Section 424(a) of the Code or any successor
provisions thereto, without the written consent of the Participant adversely affected thereby. The
Committee shall act prior to an event described in this paragraph (a) (including at the time of an
Award by means of more specific provisions in the Award Agreement) if deemed necessary or
appropriate to permit the Participant to realize the benefits intended to be conveyed by an Award
in respect of the Stock in the case of an event described in paragraph (a).

     (b) Change in Control. The Committee may, in the Award Agreement, provide for the effect of a
Change in Control on an Award. Such provisions may include, but are not limited to any one or more
of the following with respect to any or all Awards: (i) the specific consequences of a Change in
Control on the Awards; (ii) a reservation of the Committee’s right to determine in its discretion
at any time that there shall be full acceleration or no acceleration of benefits under the Awards;
(iii) that only certain or limited benefits under the Awards shall be accelerated; (iv) that the
Awards shall be accelerated for a limited time only; or (v) that acceleration of the Awards shall
be subject to additional conditions precedent (such as a termination of employment following a
Change in Control).

     In addition to any action required or authorized by the terms of an Award, the Committee may
take any other action it deems appropriate to ensure the equitable treatment of Participants in the
event of a Change in Control, including but not limited to any one or more of the following with
respect to any or all Awards: (i) the acceleration or extension of time periods for purposes of
exercising, vesting in, or realizing gain from, the Awards; (ii) the waiver of conditions on the
Awards that were imposed for the benefit of the Corporation, (iii) provision for the cash
settlement of the Awards for their equivalent cash value, as determined by the Committee, as of the
date of the Change in Control; or (iv) such other modification or adjustment to the Awards as the
Committee deems appropriate to maintain and protect the rights and interests of Participants upon
or following the Change in Control. The Committee also may accord any Participant a right to
refuse any acceleration of exercisability, vesting or benefits, whether pursuant to the Award
Agreement or otherwise, in such circumstances as the Committee may approve.

     Notwithstanding the foregoing provisions of this Section 7(b) or any provision in an Award
Agreement to the contrary, if any Award to any Insider is accelerated to a date that is less than
six months after the date of the Award, the Committee may prohibit a sale of the underlying Stock
(other than a sale by operation or law in exchange for or through conversion into other
securities), and the Corporation may impose legend and other restrictions on the Stock to enforce
this prohibition.

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     (c) Change in Control Definition. For purposes of this Plan, with respect to any Award other
than an Award issued pursuant to an Award Agreement that separately defines the term “change in
control,” a change in control shall include and be deemed to occur upon the following events:

     (1) The acquisition by any person or group (including a group within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act), other than the Corporation or any of its
Subsidiaries, of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange
Act) of a majority of the combined voting power of the Corporation’s then outstanding voting
securities, other than by any employee benefit plan maintained by the Corporation;

     (2) The sale of all or substantially all of the assets of the Corporation or of L-3
Communications Corporation or any successor thereto;

     (3) The election, including the filling of vacancies, during any period of 24 months or
less, of 50 percent or more, of the members of the Board, without the approval of Continuing
Directors, as constituted at the beginning of such period. “Continuing Directors” shall
mean any director of the Company who either (i) is a member of the Board on the date of
grant of the relevant Award, or (ii) is nominated for election to the Board by a majority of
the Board which is comprised of Directors who were, at the time of such nomination,
Continuing Directors; or

     (4) In the Committee’s sole discretion on a case-by-case basis and solely with respect
to Awards granted to Employees of a Subsidiary of the Corporation, or of a business unit or
division of the Corporation or such Subsidiary, (i) the sale of all or substantially all of
the assets of such Subsidiary, business unit or division or (ii) the sale (including without
limitation by way of merger) of a majority of the combined voting power of such Subsidiary’s
then outstanding voting securities.

     (d) Business Acquisitions. Awards may be granted under this Plan on the terms and conditions
as the Committee considers appropriate, which may differ from those otherwise required by this Plan
to the extent necessary to reflect a substitution for or assumption of stock incentive awards held
by
employees of other entities who become employees of the Corporation or a Subsidiary as the
result of a merger of the employing entity with, or the acquisition of the property or stock of the
employing entity by, the Corporation or a Subsidiary, directly or indirectly.

SECTION 8. Administration.

     (a) Committee Authority and Structure. This Plan and all Awards granted under this Plan shall
be administered by the Compensation Committee of the Board or such other committee of the Board or
subcommittee of the

13

 

Compensation Committee as may be designated by the Board and constituted so as
to permit this Plan to comply with the disinterested administration requirements of Rule 16b-3
under the Exchange Act and the “outside director” requirement of Code Section 162(m). The members
of the Committee shall be designated by the Board. A majority of the members of the Committee (but
not fewer than two) shall constitute a quorum. The vote of a majority of a quorum or the unanimous
written consent of the Committee shall constitute action by the Committee.

     (b) Selection and Grant. The Committee shall have the authority to determine the individuals
(if any) to whom Awards will be granted under this Plan, the type of Award or Awards to be made,
and the nature, amount, pricing, timing, and other terms of Awards to be made to any one or more of
these individuals, subject to the terms of this Plan.

     (c) Construction and Interpretation. The Committee shall have the power to interpret and
administer this Plan and Award Agreements, and to adopt, amend and rescind related rules and
procedures. All questions of interpretation and determinations with respect to this Plan, the
number of shares of Stock, Stock Appreciation Rights, or units or other Awards granted, and the
terms of any Award Agreements, the adjustments required or permitted by Section 7, and other
determinations hereunder shall be made by the Committee and its determination shall be final and
conclusive upon all parties in interest. In the event of any conflict between an Award Agreement
and any non-discretionary provisions of this Plan, the terms of this Plan shall govern.

     (d) Express Authority to Change Terms of Awards. The Committee may, at any time, alter or
amend any or all Award Agreements under this Plan in any manner that would be authorized for a new
Award under this Plan, including but not limited to any manner set forth in Section 9 (subject to
any applicable limitations thereunder), except that no amendment or cancellation of an Award may
effect a Repricing of such Award, except in connection with an adjustment pursuant to Section 7. A
“Repricing” means any of the following: (i) changing the terms of an Award to lower its exercise
price or base price, (ii) cancelling an Award with an exercise price or base price in exchange for
other
Awards with a lower exercise price or base price, or (iii) cancelling an Award with an
exercise price or base price at a time when such price is equal to or greater than the Fair Market
Value of the underlying Stock in exchange for other Awards, cash or property. Without limiting the
Committee’s authority under this plan (including Sections 7 and 9), but subject to any express
limitations of this Plan (including the prohibitions on Repricing set forth in this Section 8(d)),
the Committee shall have the authority to accelerate the exercisability or vesting of an Award, to
extend the term or waive early termination provisions of an Award (subject to the maximum ten-year
term under Section 6(a)(5)), and to waive the Corporation’s rights with respect to an Award or
restrictive conditions of an Award (including forfeiture conditions), in any case in such
circumstances as the Committee deems appropriate.

14

 

     (e) Rule 16b-3 Conditions; Bifurcation of Plan. It is the intent of the Corporation that this
Plan and Awards hereunder satisfy and be interpreted in a manner, that, in the case of Participants
who are or may be Insiders, satisfies any applicable requirements of Rule 16b-3, so that these
persons will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16
under the Exchange Act and will not be subjected to avoidable liability thereunder as to Awards
intended to be entitled to the benefits of Rule 16b-3. If any provision of this Plan or of any
Award would otherwise frustrate or conflict with the intent expressed in this Section 8(e), that
provision to the extent possible shall be interpreted and deemed amended so as to avoid such
conflict. To the extent of any remaining irreconcilable conflict with this intent, the provision
shall be deemed disregarded as to Awards intended as Rule 16b-3 exempt Awards. Notwithstanding
anything to the contrary in this Plan, the provisions of this Plan may at any time be bifurcated by
the Board or the Committee in any manner so that certain provisions of this Plan or any Award
Agreement intended (or required in order) to satisfy the applicable requirements of Rule 16b-3 are
only applicable to Insiders and to those Awards to Insiders intended to satisfy the requirements of
Rule 16b-3.

     (f) Delegation and Reliance. The Committee may delegate to the officers or employees of the
Corporation the authority to execute and deliver those instruments and documents, to do all acts
and things, and to take all other steps deemed necessary, advisable or convenient for the effective
administration of this Plan in accordance with its terms and purpose, except that the Committee may
not delegate any discretionary authority to grant or amend an award or with respect to substantive
decisions or functions regarding this Plan or Awards as these relate to the material terms of
Performance-Based Awards to Executive Officers or to the timing, eligibility, pricing, amount or
other material terms of Awards to Insiders. In making any determination or in taking or not taking
any action under this Plan, the Board and the Committee may obtain and may rely upon the advice of
experts, including professional advisors to the Corporation. No director, officer,
employee or agent of the Corporation shall be liable for any such action or determination
taken or made or omitted in good faith.

     (g) Exculpation and Indemnity. Neither the Corporation nor any member of the Board of
Directors or of the Committee, nor any other person participating in any determination of any
question under this Plan, or in the interpretation, administration or application of this Plan,
shall have any liability to any party for any action taken or not taken in good faith under this
Plan or for the failure of an Award (or action in respect of an Award) to satisfy Code requirements
as to incentive stock options or to realize other intended tax consequences, to qualify for
exemption or relief under Rule 16b-3 or to comply with any other law, compliance with which is not
required on the part of the Corporation.

SECTION 9. Amendment and Termination of this Plan.

15

 

     The Board of Directors may at any time amend, suspend or discontinue this Plan, subject to any
stockholder approval that may be required under applicable law. Notwithstanding the foregoing, no
such action by the Board or the Committee shall, in any manner adverse to a Participant other than
as expressly permitted by the terms of an Award Agreement, affect any Award then outstanding and
evidenced by an Award Agreement without the consent in writing of the Participant or a Beneficiary,
a Participant’s family member or a trust (or similar estate planning entity) established for the
benefit of a Participant and/or one or more of the Participant’s family members entitled to an
Award. Notwithstanding the above, any amendment that would (i) materially increase the benefits
accruing to any Participant or Participants hereunder, (ii) materially increase the aggregate
number of shares of Stock, Share Units or other equity interest(s) that may be issued hereunder, or
(iii) materially modify the requirements as to eligibility for participation in this Plan, shall be
subject to shareholder approval.

SECTION 10. Miscellaneous.

     (a) Unfunded Plans. This Plan shall be unfunded. Neither the Corporation nor the Board of
Directors nor the Committee shall be required to segregate any assets that may at any time be
represented by Awards made pursuant to this Plan. Neither the Corporation, the Committee, nor the
Board of Directors shall be deemed to be a trustee of any amounts to be paid or securities to be
issued under this Plan.

     (b) Rights of Employees.

     (1) No Right to an Award. Status as an Employee shall not be construed as a commitment
that any one or more Awards will be made under this Plan to an Employee or to Employees
generally. Status as a Participant shall not entitle the Participant to any additional
Award.

     (2) No Assurance of Employment. Nothing contained in this Plan (or in any other
documents related to this Plan or to any Award) shall confer upon any Employee or
Participant any right to continue in the employ or other service of the Corporation or any
Subsidiary or constitute any contract (of employment or otherwise) or limit in any way the
right of the Corporation or any Subsidiary to change a person’s compensation or other
benefits or to terminate the employment or services of a person with or without cause.

     (c) Effective Date; Duration. This Plan has been adopted by the Board of Directors of the
Corporation. This Plan shall become effective upon and shall be subject to the approval of the
stockholders the Corporation. This Plan shall remain in effect until any and all Awards under this
Plan have been exercised, converted or terminated under the terms of this Plan and applicable Award
Agreements. Notwithstanding the foregoing, no Award may be granted under this Plan after

16

 

April 29,
2018; provided, however, that any Award granted prior to such date may be amended after such date
in any manner that would have been permitted hereunder prior to such date.

     (d) Compliance with Laws. This Plan, Award Agreements, and the grant, exercise, conversion,
operation and vesting of Awards, and the issuance and delivery of shares of Stock and/or other
securities or property or the payment of cash under this Plan, Awards or Award Agreements, are
subject to compliance with all applicable federal and state laws, rules and regulations (including
but not limited to state and federal insider trading, registration, reporting and other securities
laws and federal margin requirements) and to such approvals by any listing, regulatory or
governmental authority as may be necessary or, in the opinion of counsel for the Corporation,
advisable in connection therewith. Any securities delivered under this Plan shall be subject to
such restrictions (and the person acquiring such securities shall, if requested by the Corporation,
provide such evidence, assurance and representations to the Corporation as to compliance with any
of such restrictions) as the Corporation may deem necessary or desirable to assure compliance with
all applicable legal requirements.

     (e) Section 409A. Notwithstanding other provisions of the Plan or any Award Agreements
thereunder, no Award shall be granted, deferred, accelerated, extended, paid out or modified under
this Plan in a manner that would result in the imposition of an additional tax under Section 409A
of the Code upon a Participant. In the event that it is reasonably determined by the Board or
Committee that, as a result of Section 409A of the Code, payments in respect of any Award under the
Plan may not be made at the time contemplated by the terms of the Plan or the relevant Award
agreement, as the case may be, without causing the Participant holding such Award to be subject to
taxation under Section 409A of the Code, the Company will make such payment on the first day that
would not result in the Participant incurring any
tax liability under Section 409A of the Code; which, if the Participant is a “specified
employee” within the meaning of the Section 409A, shall be the first day following the six-month
period beginning on the date of Participant’s termination of Employment.

     (f) Applicable Law. This Plan, Award Agreements and any related documents and matters shall
be governed by, and construed in accordance with, the laws of the State of New York and applicable
Federal law.

     (g) Non-Exclusivity of Plan. Nothing in this Plan shall limit or be deemed to limit the
authority of the Corporation, the Board or the Committee to grant awards or authorize any other
compensation, with or without reference to the Stock, under any other plan or authority.

17Exhibit 10.1

Exhibit 10.1

April 13, 2010

David Lucchese

1528 Sun Copper Dr.

Las Vegas, NV 89117

Dear David,

Congratulations! We are pleased to confirm your formal offer of employment with Global Cash
Access, Inc. (the “Company”). This offer is contingent upon your successfully completing a drug
screen, reference check and background investigation. In addition, as a condition of employment
with the Company, you will be requested to sign a Non-Compete Agreement and an Employee Proprietary
Information and Inventions Agreement.

Due to the nature of our business and your position with the Company, you may also be required to
complete applications required by various gaming regulatory, tribal, state or other international
governments in which the Company and its affiliates conduct business, as well as other applications
that may be required by such regulatory authorities with jurisdiction over the Company and its
affiliates. Such applications are generally in addition to normal credit, reference and background
investigation for employment. Such applications may require complete disclosure of personal and
financial information, criminal convictions or arrests (expunged or not) and business associations.
As a condition of employment, you must be able to satisfy the licensing process and obtain
appropriate gaming and other regulatory licenses.

The terms of this offer of employment are as follows:

	 	•	 	Position:
                    
      Executive Vice President, Sales

	 
	 	•	 	Start date:
                    
   April 30,, 2010

	 
	 	•	 	Compensation:

	 	 	 
	Salary:

	 	$340,000.00 in base salary, less statutory and other normal deductions, paid in
bi-weekly installments of $13,076.93 in accordance with the Company’s payroll
practices.

	 
	 	 
	Signing Bonus:

	 	$100,000.00, less standard statutory deductions. The Company may elect to
recover the entire amount of such signing bonus in the event you voluntarily terminate
your employment or are terminated for cause by the Company within 12 months of the date
of your start date.

	 
	 	 
	Bonus:

	 	In addition to your annual base salary, you will be eligible for a discretionary
annual bonus with a target of 50% of your salary. The bonus plan is based half on your
organization’s performance, measured against goals you agree upon with the President
and half based upon the performance of the Company as determined by the Board of
Directors of the Company (the “Board”).

	 
	 	 
	Equity:

	 	Management will recommend to the Board that you be granted an option to purchase
100,000 shares of common stock of Global Cash Access Holdings, Inc. The authority to
grant options is restricted to the Board alone, and the official grant date will be on
whatever date the Board approves such grant and the exercise price will be whatever the
fair market value of the common stock is on the date of grant.

 

 

 

	 	 	 
	Paid Time Off:

	 	You will accrue 26 paid time off (“PTO”) days per year, being 8 PTO
hours per pay period. Executive Vice Presidents do not account for PTO and instead take
time-off as agreed upon with your supervisor. In the event of the cessation of your
employment, accrued PTO will be paid out as appropriate or your position with the
Company as outlined in the GCA Employee Handbook.

	 
	 	 
	Benefits:

	 	As of the 1st day of the month following your start date, you will be
immediately eligible to participate in the standard Company benefit plans. Benefits
currently include Medical, Dental, Vision, Exec-u-care (medical reimbursement insurance
for executives), and Life Insurance. Short Term Disability and Long Term Disability are
provided the first of the month after one year of service.

	 
	 	 
	Termination:

	 	Attachment A includes the additional terms and condition of termination, all of
which form a part of this agreement.

Employment at the Company is employment at-will, and may be terminated at the will of either you or
the Company, with or without cause and with or without notice at any time. The Company reserves
the right to amend, modify, or suspend its benefits and compensation plans and terms and conditions
of employment at its sole discretion.

We at Global Cash Access, Inc. look forward to working with you. Please indicate your acceptance
of this offer of employment by signing and dating this letter and returning it to me. If you have
any questions or concerns, please let me know.

Sincerely,

Scott H. Betts

President and CEO

	 	 	 	 	 
	 	GLOBAL CASH ACCESS HOLDINGS, INC.

 	 
	 	By:  	/s/ Scott H. Betts
 	 
	 	 	Scott H. Betts, Chief Executive Officer 	 
	 	 	 	 
	 

	 	 	 	 	 	 	 
	 

	 	Accepted by:	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	David Lucchese
	 	Date

April __, 2010

Dear David:

Reference is made to your offer letter of employment dated                      (the “Offer Letter”).
You are referred to in this letter as “Executive.”

 

 

 

Section 1. Definitions

This letter agreement (this “Agreement”) is to provide Executive with certain benefits in the
event that Global Cash Access, Inc. (together with all entities controlling, controlled by or under
common control with Global Cash Access, Inc., the “Company”) terminates Executive’s employment
without Cause (as defined below) or Executive terminates his or her employment for Good Reason (as
defined below).

For the purposes of this Agreement, termination shall be for “Cause” if (i) Executive refuses
or fails to act in accordance with any lawful order or instruction of the Chief Executive Officer
or Board of Directors, and such refusal or failure to act has not been cured within five (5) days
of written notice from the Chief Executive Officer or Board of Directors of such disobedience, (ii)
Executive fails to devote reasonable attention and time during normal business hours to the
business affairs of the Company or Executive is determined by the Chief Executive Officer or Board
of Directors to have been unfit (e.g., denied any license, permit or qualification required by any
gaming regulator or found unsuitable by any gaming regulator) (other than as a result of an
Incapacity), unavailable for service (other than as a result of an Incapacity) or grossly negligent
in connection with the performance of his duties on behalf of the Company, which unfitness,
unavailability or gross negligence has not been cured within five (5)
days of written notice from the Chief Executive Officer or Board of Directors of the same;
(iii) Executive is determined by the Chief Executive Officer or Board of Directors to have
committed a material act of dishonesty or willful misconduct or to have acted in bad faith to the
material detriment of the Company in connection with the performance of his or her duties on behalf
of the Company; (iv) Executive is convicted of a felony or other crime involving dishonesty, breach
of trust, moral turpitude or physical harm to any person, or (v) Executive materially breaches any
agreement with the Company which material breach has not been cured within five (5) days written
notice from the Chief Executive Officer or Board of Directors of the same. For purposes of this
Agreement, the term “without Cause” shall mean termination of Executive’s employment for reasons
other than for “Cause.”

For the purposes of this Agreement, termination shall be for “Good Reason” if (i) there is a
material diminution of Executive’s responsibilities with the Company, or a material change in the
Executive’s reporting responsibilities or title, in each case without Executive’s consent; (ii)
there is a reduction by the Company in the Executive’s annual base salary then in effect without
Executive’s consent; or (iii) Executive’s principal work location is relocated outside of the Las
Vegas, Nevada metropolitan area without Executive’s consent. Executive agrees that he or she may
be required to travel from time to time as required by the Company’s business and that such travel
shall not constitute grounds for Executive to terminate his employment for Good Reason.

For the purposes of this Agreement, Executive shall be deemed to have suffered an “Incapacity”
if Executive shall, due to illness or mental or physical incapacity, be unable to perform the
duties and responsibilities required to be performed by him or her on behalf of the Company for a
period of at least 180 days.

Section 2. Termination by the Company without Cause or Termination by Executive for Good Reason

In the event that the Company terminates Executive’s employment without Cause or Executive
terminates his or her employment for Good Reason, the Company shall pay Executive all base salary
due and owing and all other accrued but unpaid benefits (e.g., accrued vacation) through the last
day actually worked, and Executive shall be entitled to receive the following severance payments
and benefits set forth below in this Section 2; provided, however, that such severance and benefits
are conditioned on Executive’s execution and non-revocation of a release agreement, the form of
which is attached hereto as Exhibit A, and thereafter the Company’s obligations under this
Agreement shall terminate.

Base Salary Continuation. The Company shall continue to pay to Executive his or her
then-current base annual salary for a period of twelve (12) months (the “Salary Continuation
Period”). Such salary continuation shall be subject to standard deductions and withholdings and
shall be payable in regular periodic payments in accordance with Company payroll policy. The
Company may discontinue such salary continuation in the event that Executive breaches any of the
terms of his existing Employee Proprietary Information and Inventions Assignment Agreement with the
Company or Noncompete Agreement with the Company or any other written agreement between Executive
and the Company.

Target Bonus. The Company shall also pay to Executive, subject to standard deductions and
withholdings, a bonus in the amount of fifty percent (50%) of his or her then-current base salary,
payable in equal installments concurrent with the salary continuation payments described above.

 

 

 

Group Medical Coverage. The Company shall, following the Executive’s timely election, provide
the Executive with continued coverage for the Salary Continuation Period under the Company’s group
health insurance plans in effect upon termination of Executive’s employment without Cause or for
Good Reason in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act
of 1985 (“COBRA”), at no cost to Executive.

Section 3. Restrictions on Competition after Termination.

Reasons for Restrictions. Executive acknowledges that the nature of the Company’s business is
such that it would be extremely difficult for Executive to honor and comply with Executive’s
obligation under his or her Employee Proprietary and Inventions Agreement with the Company to keep
secret and confidential the Company’s trade secrets if Executive were to become employed by or
substantially interested in the business of a competitor of the Company soon following the
termination of Executive’s employment with the Company, and it would also be extremely difficult to
determine in any reasonably available forum the extent to which Executive was or was not complying
with Executive’s obligations under such circumstances.

Duration of Restriction. In consideration for the Company’s undertakings and obligations
under this Agreement, Executive agrees that during the Noncompete Term (as defined below),
Executive will not directly or
indirectly engage in (whether as an employee, consultant, proprietor, partner, director or
otherwise), or have any ownership interest in, or participate in the financing, operation,
management or control of, any person, firm, corporation or business that engages in any line of
business in which the Company engages at the time of such termination, in the United States,
Canada, the United Kingdom or such other countries in which the Company conducts business at the
time of such termination (“Restricted Territory”). For the avoidance of doubt, the foregoing shall
not prohibit Executive from engaging in, owning an interest in, or participating in any business
that processes credit card, debit card or automated teller machine transactions originated from
outside of gaming establishments. For purposes of this Agreement, the “Noncompete Term” shall be
the period of two (2) years after the termination of Executive’s employment hereunder. The parties
agree that ownership of no more than 1% of the outstanding voting stock of a publicly-traded
corporation or other entity shall not constitute a violation of this provision. The parties intend
that the covenants contained in this section shall be construed as a series of separate covenants,
one for each county, city, state and other political subdivision of the Restricted Territory.
Except for geographic coverage, each such separate covenant shall be deemed identical in terms to
the covenant contained in this section. If, in any judicial proceeding, a court shall refuse to
enforce any of the separate covenants (or any part thereof) deemed included in this section, then
such unenforceable covenant (or such part) shall be deemed eliminated from this Agreement for the
purpose of those proceedings to the extent necessary to permit the remaining separate covenants (or
portions thereof) to be enforced by such court. It is the intent of the parties that the covenants
set forth herein be enforced to the maximum degree permitted by applicable law.

Section 4. Restrictions on Solicitation after Termination.

For a period of two (2) years following the termination of Executive’s employment hereunder
for any reason, Executive shall not, without the prior written consent of the Company, directly or
indirectly, as a sole proprietor, member of a partnership, stockholder or investor, officer or
director of a corporation, or as an executive, associate, consultant, independent contractor or
agent of any person, partnership, corporation or other business organization or entity other than
the Company solicit or endeavor to entice away from the Company any person or entity who is, or,
during the then most recent three-month period, was, employed by, or had served as an agent or key
consultant of the Company, provided, however, that Executive shall not be prohibited from receiving
and responding to unsolicited requests for employment or career advice from Company’s employees.

Miscellaneous

This Agreement contains the entire agreement between the parties pertaining to the subject
matter expressly set forth herein and supersedes any and all prior and/or contemporaneous oral or
written negotiations, agreements, representations, and understandings relating to such subject
matter. To the extent the provisions of this Agreement conflict with the provisions of any other
agreement between Executive and the Company, the provisions of this Agreement will prevail. Each
party understands that this Agreement is made without reliance upon any inducement,

 

 

 

statement,
promise, or representation other than those contained within this Agreement. Except as expressly
set forth herein, the terms and provisions of the Offer Letter shall remain in full force and
effect, including without limitation the at-will nature of Executive’s employment with the Company,
which may be terminated at the will of either the Company or Executive, with or without cause and
with or without prior notice at any time.

This Agreement is executed voluntarily and without any duress or undue influence on the part
or behalf of the parties hereto. Each of the parties hereto acknowledge that (a) it, he or she has
read this Agreement, (b) it, he or she has been represented in the preparation, negotiation, and
execution of this Agreement by legal counsel of its, his or her own choice or that it, he or she
has voluntarily declined to seek such counsel, (c) it, he or she understands the terms and
consequences of this Agreement and of the releases it contains; and (d) it, he or she is fully
aware of the legal and binding effect of this Agreement.

This Agreement shall be construed under and governed by the laws of the State of Nevada
without regard to any conflict of laws or choice of law provisions that would result in the
application of the laws of any jurisdiction other than the internal laws of the State of Nevada.
This Agreement shall be deemed to have been entered into in Las Vegas, Nevada. If any legal or
equitable action is necessary to enforce the terms of this Agreement, such action shall be brought
exclusively in the state or federal courts located within Clark County in the State of Nevada.

No supplement, modification, or amendment of this Agreement shall be binding unless executed
in writing by all of the parties hereto. No waiver of any of the provisions of this Agreement
shall be binding unless in the form of a writing signed by the party against whom enforcement of
the waiver is sought, and no such waiver shall operate as a waiver of any other provisions hereof
(whether or not similar), nor shall such waiver constitute a continuing waiver. Except as
specifically provided herein, no failure to exercise or any delay in exercising any right or remedy
hereunder shall constitute a waiver thereof.

If any provision (or portion thereof) of this Agreement shall be held by a court of competent
jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain
enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible,
the provisions of this Agreement (including, without limitation, each portion of this Agreement
containing any provision held to be invalid, void, or otherwise unenforceable, that is not itself
invalid, void, or unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, void, or unenforceable.

This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective successors, assigns, heirs, and personal and legal
representatives.

This Agreement may be executed in counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. Facsimile counterparts shall
be deemed to be originals.

Please indicate your acceptance of and agreement to the terms and conditions of this Agreement
by signing where indicated below.

Very truly yours,

GLOBAL CASH ACCESS, INC.

	 	 	 	 	 
	 	GLOBAL CASH ACCESS HOLDINGS, INC.

 	 
	 	By:  	/s/ Scott H. Betts
 	 
	 	 	Scott H. Betts, Chief Executive Officer 	 
	 	 	 	 
	 

AGREED:

 

David Lucchese

Date:

 

 

 

 

EXHIBIT A

RELEASE AND WAIVER OF CLAIMS

In exchange for the severance payments and other benefits to which I would not otherwise be
entitled, I hereby furnish Global Cash Access Holdings, Inc., Global Cash Access, Inc. and each of
their respective subsidiaries and affiliates (collectively, the “Company”) with the following
release and waiver.

I hereby release, and forever discharge the Company, its officers, directors, agents,
employees, stockholders, attorneys, successors, assigns and affiliates, of and from any and all
claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages,
indemnities and obligations of every kid and nature, in law, equity, or otherwise, known and
unknown, suspected and unsuspected, disclosed and undisclosed, arising at any time prior to and
including the date I sign this Release with respect to any claims relating to my employment and the
termination of my employment, including but not limited to: any and all such claims and demands
directly or indirectly arising out of or in any way connected with my employment with the Company
or the termination of that employment; claims or demands related to salary, bonuses, commissions,
stock, stock options, or any other ownership interests in the Company, vacation pay, fringe
benefits, expense reimbursements, sabbatical benefits, severance benefits, or any other form of
compensation; claims pursuant to any federal, state or local law or cause of action including, but
not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination
Act of 1990; the Delaware Fair Employment Practices Act, as amended; tort law; contract law;
wrongful discharge; discrimination; harassment; fraud; emotional distress; and breach of the
implied covenant of good faith and fair dealing, provided, however, that this Release shall not
apply to claims or causes of action for defamation, libel, or invasion of privacy.

In granting the releases herein, I acknowledge that I understand that I am waiving any and all
rights and benefits conferred by the provisions of Section 1542 of the Civil Code of the State of
California and any similar provision of law of any other state or territory of the United States or
other jurisdiction to the following effect: “A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor at the time of executing the release, which
if known by him must have materially affected his settlement with the debtor.” I hereby expressly
waive and relinquish all rights and benefits under that section and any law or legal principle of
similar effect in any jurisdiction with respect to the release of unknown and unsuspected claims
granted in this Agreement.

I acknowledge that, among other rights, I am waiving and releasing any rights I may have under
ADEA, that this waiver and release is knowing and voluntary, and that the consideration given for
this waiver and release is in addition to anything of value to which I was already entitled. I
further acknowledge that I have been advised, as required by the Older Workers Benefit Protection
Act, that: (a) the waiver and release granted herein does not relate to claims which may arise
after this agreement is executed; (b) I have the right to consult with an attorney prior to
executing this agreement (although I may choose voluntarily not to do so); (c) I have twenty-one
(21) days from the date I receive this agreement, in which to consider this agreement (although I
may choose voluntarily to execute this agreement earlier); (d) I have seven (7) days following the
execution of this agreement to revoke my consent to the agreement; and (e) this agreement shall not
be effective until the seven (7) day revocation period has expired.

	 	 	 
	Date: 
	 	 
	 

	 	Signature

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}]]