Document:

Credit and Security Agreement

 Exhibit 10.1 
 FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED 
 CREDIT AND SECURITY AGREEMENT 
 THIS FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT (the “Fourth Amendment”), dated November 20, 2007, is
entered into by and between SRI/SURGICAL EXPRESS, INC., a Florida corporation (“Borrower”), WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (“Wachovia”) and LASALLE BANK NATIONAL ASSOCIATION, a national
banking association (“LaSalle,” and together with Wachovia, the “Banks”); 
 W I T N E S S E T H: 
 WHEREAS, the Borrower and the Banks have previously entered into the Second Amended and Restated Credit and Security Agreement, dated as of
June 21, 2005 as amended by that certain Amendment to the Second Amended and Restated Credit and Security Agreement, dated as of May 8, 2006, the Second Amendment to Second Amended and Restated Credit and Security Agreement dated as of
August 31, 2006 and the Third Amendment to Second Amended and Restated Credit and Security Agreement dated as of June 14, 2007 (collectively, the “Agreement”); 
 WHEREAS, pursuant to the Agreement, the Bank have issued the Tennessee Letter of Credit to support the Tennessee Bonds with the current
termination date of February 15, 2008 and the California Letter of Credit to support the California Bonds with the current termination date of February 15, 2008 (the Tennessee Letter of Credit and the California Letter of Credit, are
collectively referred as the “Letters of Credit”); 
 WHEREAS, the Banks have agreed to extend the applicable termination
dates of the Letters of Credit to February 15, 2009 provided that Borrower agrees to certain amendments to the Agreement as stated in this Fourth Amendment; and 
 NOW, THEREFORE, in consideration of the premises, mutual covenants contained herein and other good and valuable consideration, the Borrower and the Banks do hereby amend the Agreement as follows: 
 Section 1. Section 8.9 of Agreement Inserted. The Agreement is hereby amended by inserting the following new Section 8.9 to the Agreement: 

8.8 Non-Extension of Revolving Loan Termination Date. If the Banks notify Borrower that the Banks will not extend the current
Revolving Loan Termination Date by no later than April 1, 2008, the Borrower shall have until the first business day of June 1, 2008 to substitute the Letters of Credit. Failure to substitute the Letters of Credit shall be an event of
default under this Agreement, and the Banks or Collateral Agent can declare a default under the Indenture causing a mandatory tender or purchase of the Tennessee Bonds and the California Bonds. 
  

 Section 2. Letter of Credit Fee. In consideration for this Fourth Amendment and the extension of
the termination dates for the Letters of Credit, the Borrower shall pay to the applicable Bank a fee or commission at the rate of 3.00% per annum on the amount available to be drawn under each Letter of Credit. Section 2.4 of the Agreement
shall now reflect a letter of credit fee of 3.0% per annum. The Banks shall rebate on a pro rata basis the letter of credit fee paid in advance for that applicable yearly period if the Letters of Credit are terminated prior to the end of such
applicable yearly period. 
 Section 3. Effect of Modification and Amendment of Agreement. The Agreement shall be deemed to be
modified and amended in accordance with the provisions of this Fourth Amendment to the Agreement and the respective rights, duties and obligations of the Borrower and the Banks under the Agreement shall remain to be determined, exercised and
enforced under the Agreement subject in all respects to such modifications and amendments in writing, and all the terms and conditions of this Fourth Amendment to the Agreement shall be part of the terms and conditions of the Agreement for any and
all purposes. All the other terms of the Agreement shall continue in full force and effect subject to the amendments set forth herein. 
 Section 4. Representations and Warranties. The Borrower represents and warrants to the Banks as follows: 
 (a) Representations and Warranties in Agreement. The representations and warranties of the Borrower contained in the Agreement (i) were true and correct when made, and (ii) after giving effect to this Fourth Amendment
continue to be true and correct on the date hereof (except to the extent of changes resulting from transactions contemplated or permitted by the Agreement, as amended hereby, and changes occurring in the ordinary course of business that singly or in
the aggregate are not materially adverse, and to the extent that such representations and warranties relate expressly to an earlier date). 
 (b) Authority. The execution and delivery by the Borrower of this Fourth Amendment and the performance by the Borrower of all of its agreements and obligations under this Fourth Amendment within its corporate
authority, have been duly authorized by all necessary corporate action and do not and will not: (i) contravene any provision of its charter documents or any amendment thereof; (ii) conflict with, or result in a breach of any material term,
condition or provision of, or constitute a default under or result in the creation of any mortgage, lien, pledge, charge, security interest or other encumbrance upon any of its respective property under any agreement, deed of trust, indenture,
mortgage or other instruments to which it is a party or by which any of its properties are bound including, without limitation, any of other agreements; (iii) violate or contravene any provision of any law, statute, rule or regulation to which
the Borrower is subject or any decree, order or judgment of any court or governmental or regulatory authority, bureau, agency or official applicable to the Borrower; (iv) require any waivers, consents or approvals by any of its creditors which
have not been obtained; or (v) require any approval, consent, order, authorization or license by, or giving notice to, or taking any other action with respect to, any governmental or regulatory authority or agency under any provision of any
law. 
  

 2 

 (c) Enforceability of Obligations. This Fourth Amendment and the Agreement, as
amended hereby, constitute the legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective terms, provided that: (i) enforcement may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors; and (ii) the availability of the remedies of specific performance and injunctive relief may be subject to the
discretion of the court before which any proceedings for such remedies may be brought. 
 Section 5. Counterparts. This Fourth
Amendment to the Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
 Section 6. Governing Law. This Fourth Amendment to the Agreement shall be construed in accordance with and governed by the laws of the State of
Florida. 
 IN WITNESS WHEREOF, the Borrower and the Banks have caused this Fourth Amendment to the Agreement to be executed in their
respective names to be hereunto by their duly authorized representatives, all as of the date first above written. 
  

									
	 THE BORROWER:
 SRI/SURGICAL EXPRESS, INC.

	 		 	 THE BANKS:
 WACHOVIA BANK, NATIONAL
ASSOCIATION

					
	By:	 	/s/ Wallace D. Ruiz	 		 	By:	 	/s/ Heather M. Devenbeck
		 	 Name: Wallace D. Ruiz
 Title: Sr. Vice
President & CFO
	 		 		 	 Name: Heather M. Devenbeck
 Title: Senior Vice
President

			
		 		 	LASALLE BANK NATIONAL ASSOCIATION
					
		 		 		 	By:	 	/s/ Kimberly A. Bruce
		 		 		 		 	 Name: Kimberly A. Bruce
 Title: First Vice President

  

 3Form of Performance Unit Award Agreement

 Exhibit 10.1 
 PERFORMANCE UNIT AWARD AGREEMENT 
 PURSUANT TO 
 THE COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 
 AMENDED AND RESTATED 1999 INCENTIVE COMPENSATION PLAN 
 Cognizant Technology Solutions Corporation, a Delaware corporation (the
“Company”), grants this Award of Performance Units to the Participant named below, pursuant to the Cognizant Technology Solutions Corporation Amended and Restated 1999 Incentive Compensation Plan (the “Plan”) and this Performance
Unit Award Agreement (this “Agreement”). Capitalized terms not otherwise defined herein will each have the meaning assigned to them in the Plan. 
  

	1.	Name of Participant: 

  

	2.	Number of Performance Units Which Will Vest Over Three Years at 100% of Target in Accordance with Section 4: 

  

	3.	Date of Grant: 

  

	4.	Vesting: Subject to Section 7 below, the following table sets forth the number of shares of Common Stock under the Performance Units that will vest if: (i) the
Committee determines that the annual net sales growth for the calendar year ending coincident with the relevant measurement date (the “Measurement Date”) meets or exceeds the applicable targets for such year, and (ii) the Participant
remains employed by or continues to serve the Company or any Subsidiary as an Employee, Nonemployee Director, Independent Contractor or otherwise on December 31, 2010. The number of shares of Common Stock that will vest for performance between
the applicable threshold targets will be determined using straight-line interpolation, rounded down to the preceding whole number (e.g., 101.74 rounded down to 101). The net sales growth targets will be adjusted in good faith by the Committee
in consultation with the Chief Executive Officer of the Company to reflect the consequences of future acquisitions and dispositions or in the event of changes in GAAP or as set forth pursuant to Section 12 of the Plan. 

 

					
	 Measurement Date
	 	 Number of Shares
	 	 Calendar Year Annual Net
 Sales Growth (%)

	 December 31, 2008
	 	0	 	less than 35
		 	[50% of 1/3 Grant]	 	35
		 	[100% of 1/3 of Grant]	 	42.5
		 	[150% of 1/3 of Grant]	 	50
			
	 December 31, 2009
	 	0	 	less than 27.5
		 	[50% of 1/3 Grant]	 	27.5
		 	[100% of 1/3 of Grant]	 	37.5
		 	[150% of 1/3 of Grant]	 	47.5
			
	 December 31, 2010
	 	0	 	less than 20
		 	[50% of 1/3 Grant]	 	20
		 	 [100% of 1/3 of Grant]
	 	32.5
		 	 [150% of 1/3 of Grant]
	 	45

	5.	Delivery Date: Subject to Sections 7 and 8 below, Shares of Common Stock equal to the number of Performance Units which will vest in accordance with Section 4 above will
be delivered to the Participant (or in the event of death or Disability to his or her executor, personal representative or heirs, as appropriate) on or before March 15, 2011; provided, however, the Committee may provide for the payment of the
Performance Units in cash (or partly in cash and partly in shares of Common Stock) equal to the value of the shares of Common Stock on the applicable Measurement Date which would otherwise be distributed to the Participant. 

 

	6.	Dividend Equivalent Rights. The Participant shall have the right to receive an amount equal to the amount of any cash dividends paid with respect to a share of Common Stock
multiplied by the number of shares of Common Stock underlying the Performance Units, provided, (i) such dividends shall be subject to the same vesting restrictions and forfeiture provisions that apply to the underlying Performance Units,
(ii) such dividends shall be paid in cash, in shares of Common Stock, in the form of Performance Units, or a combination of any or all of the foregoing, and (iii) such dividends shall be paid at the same time as the underlying Performance
Units are delivered pursuant to Section 5 of this Agreement. 

  

	7.	Cessation of Employment or Service: If the (i) Participant ceases to be employed by or serve the Company or any of its Subsidiaries as an Employee, Nonemployee Director,
Independent Contractor or otherwise for any reason, including, without limitation, death, Disability, with or without Cause, on or prior to December 31, 2010, or (ii) Participant ceases to be employed by or serve the Company or any of its
Subsidiaries as an Employee, Nonemployee Director, Independent Contractor or otherwise for Cause after December 31, 2010, but before the delivery of the shares of Common Stock or cash as described in Section 5 above, the Performance Units
shall immediately be forfeited on the date of such cessation of employment or services and the Participant shall have no further right to the delivery of any shares of Common Stock or cash represented by such Performance Units.

  

	8.	Tax Withholding: The Performance Units shall be subject to the tax withholding provisions set forth in Section 15 of the Plan, and, the Committee may pass through to the
Participant and impose on the Performance Units any fringe benefit taxes imposed on the Company or any of its Subsidiaries. By accepting this Performance Unit award, the Participant agrees that the Company or any of its Subsidiaries may withhold
from the shares of Common Stock issuable in connection with the vesting of the Performance Unit a specified number of shares of Common Stock having a specified value in order to meet any applicable tax withholding obligations and any fringe benefit
taxes as described in the preceding sentence. 

  

	9.	No Right to Continued Employment or Service. The Participant’s rights, if any, to continue to be employed by or to serve the Company as an Employee, Nonemployee
Director, Independent Contractor or otherwise, shall not be enlarged or otherwise affected by the grant of the Performance Units, and the Company or the applicable Subsidiary reserves the right to terminate the Participant’s employment or
service at any time. The right of the Company or any Subsidiary to terminate at will the Participant’s employment or service at any time for any reason is specifically reserved. 

	10.	Transferability. Performance Units shall not be transferable otherwise than by will or the laws of descent and distribution. Shares of Common Stock issued in respect of
vested Performance Units may be transferred subject to any applicable securities law restrictions. 

  

	11.	Grant Subject to Plan Provisions. The Performance Units pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be
interpreted in accordance with the Plan. The grant of the Performance Units is subject to interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with the provisions of the
Plan, including, but not limited to, provisions pertaining to (i) rights and obligations with respect to withholding taxes, (ii) the registration, qualification or listing of the Common Stock, (iii) changes in capitalization of the
Company and (iv) other requirements of applicable law. The Committee shall have the authority to interpret and construe the Performance Units pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising
hereunder. The Committee shall administer the plan and its decisions shall be final, conclusive, and binding on the Company and the Participant. 

  

	12.	No Shareholder Rights. Neither the Participant, nor any other person, shall have any of the rights and privileges of a shareholder with respect to the shares of Common Stock
subject to the Performance Units, until certificates for Common Stock have been issued with respect to such Performance Units. 

  

	13.	Applicable Law. This Agreement, and all actions taken in connection herewith shall be governed by and construed in accordance with the laws of the State of Delaware without
reference to principles of conflict of laws, except as superseded by applicable federal law. 

  

	14.	Amendment. This Agreement may be amended or modified at any time by mutual agreement between the Committee and the Participant or such other persons as may then have an
interest therein. 

  

	15.	Section 409A. The Performance Units provided under this Agreement are intended to qualify for the “short-term deferral” exception to Code section 409A.

 A copy of the Plan, and other materials required to be delivered or made available to the Participant, will be delivered or made available
electronically, provided that upon request of the Participant, the Company will deliver to the Participant paper copies of such materials. By accepting the grant of the Performance Units under this Agreement, the Participant hereby agrees to be
bound by the terms and conditions of the Plan and this Agreement. The payment of any award, shares of Common Stock, benefits, or dividend equivalents hereunder is expressly conditioned upon the terms and conditions of this Agreement and the Plan and
your compliance with such terms and conditions. 
 IN WITNESS WHEREOF, the Company has caused its duly authorized officers to execute and attest this
Agreement, effective as of the Date of Grant. 

			
	COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
		
	 By:
	 	  

		
	 Date:

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