Document:

exv10w9

Exhibit 10.9

CAPITALSOURCE INC.

First Amendment to Amended and Restated Employment Agreement

	 	 	This First Amendment to the Amended and Restated Employment Agreement (“Amendment”) is entered
into as of this
16th day of July, 2010 (the “Amendment Effective Date”), by and between
CapitalSource Inc. (the “Company”) and John K. Delaney (“Executive”).

	 	 	WHEREAS, the Company and Executive are parties to that certain Amended and Restated
Employment Agreement dated as of December 16, 2009 (the “Agreement”);

     WHEREAS, the Compensation Committee of the Board of Directors of the Company and the Board of
Directors of the Company each has determined that it is in the best interests of the Company to
amend the Agreement as set forth in this Amendment; and

	 	 	WHEREAS, the Company and Executive desire to amend the Agreement as set forth in this
Amendment.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and
for other good and valuable consideration, the receipt and sufficiency of which are acknowledged,
the parties hereby amend the Agreement as follows:

     1. Term. Section 7(c) of the Agreement is hereby deleted in its entirety and replaced
with
the following:

No Solicitation or Hiring of Employees. During the Employment Period and for a
period of two years from the Executive’s Date of the Termination, the Executive shall not
solicit, entice, persuade or induce, directly or indirectly, any individual who is employed
by the Employer or any Company Affiliate (or who was so employed within 180 days prior to
the Executive’s action) to terminate or refrain from continuing such employment or to become
employed by or enter into contractual relations with any other individual or entity other
than the Employer or any Company Affiliate, and the Executive shall not hire, directly or
indirectly, as an employee, consultant or otherwise, any such person. Anything to the
contrary notwithstanding, the Employer agrees that (i) the Executive’s responding to an
unsolicited request from any former employee of the Employer for advice on employment
matters; and (ii) the Executive’s responding to an unsolicited request for an employment
reference regarding any former employee of the Employer from such former employee, or from a
third party, by providing a reference setting forth his personal views about such former
employee, shall not be deemed a violation of this Section 7(c). Notwithstanding the
foregoing, this Section 7(c) shall not preclude the Executive from soliciting for employment
or hiring any person who has been discharged by the Employer or any Company Affiliate
without cause.

2. Non-Competition. The definition of the “Non-Compete Period” is
hereby
deleted in its entirety and replaced with the following:

“Non-Compete Period” means the period commencing on the Effective Date and ending
the later of December 31, 2010 or the Executive’s termination of service as
Executive Chairman.”

     3. Except as set forth in this Amendment, the Agreement shall remain unchanged
and shall continue in full force and effect.

 

 

     IN WITNESS WHEREOF, the undersigned have duly executed and delivered this First
Amendment to the Agreement, or have caused this Amendment to be duly executed and delivered on
their behalf.

	 	 	 	 	 

	 

	 	JOHN K. DELANEY	 	 
	 
	 	 	 	 
	 

	 	/s/ John K. Delaney	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	CAPITALSOURCE INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Steven A. Museles	 	 
	 

	 	 	 	 
	 

	 	By: Steven A. Museles
	 	 
	 

	 	Its: Co-Chief Executive Officer	 	 

2exv10w10

Exhibit 10.10

Grant No.:

CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

FOR EMPLOYEES

     CapitalSource Inc., a Delaware corporation (the “Company”), hereby grants restricted stock
units (“Restricted Stock Units”) for shares of its common stock (“Stock”) to the Grantee named
below, subject to the vesting and other conditions set forth below. Additional terms and
conditions of the grant are set forth in the attached Restricted Unit Agreement (the “Agreement”)
and in the Company’s Third Amended and Restated Equity Incentive Plan (as amended from time to
time, the “Plan”).

Name of Grantee: John K. Delaney

Grantee’s Social Security Number:

Number of Restricted Stock Units:

Grant Date:

Vest Base Date:

Vesting Schedule: .

     By your signature below, you agree to all of the terms and conditions described herein, in the
attached Agreement and in the Plan, a copy of which is available on the Company’s intranet.. You
acknowledge that you have carefully reviewed the Plan, and agree that the Plan will control in the
event any provision of this cover sheet or Agreement should appear to be inconsistent.

	 	 	 

	 

	 	Date:                                                             
	 
	 	 
	Grantee
	 	 
	 
	 	 
	 

	 	Date:                                                             
	 
	 	 
	CapitalSource Inc.
	 	 
	Title:
	 	 
	 
	Attachment
	 	 

     This is not a stock certificate or a negotiable instrument.

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CAPITALSOURCE INC.

THIRD AMENDED AND RESTATED EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

	 	 	 

	Restricted Stock Units

	 	This Agreement evidences an award of restricted stock units in the
number set forth on the cover sheet and subject to the vesting and
other conditions set forth herein, in the Plan and on the cover
sheet (the “Restricted Stock Units”).
	 
	 	 
	Transfer of Restricted Stock
Units

	 	Restricted Stock Units may not be sold, assigned, transferred,
pledged, hypothecated or otherwise encumbered, whether by operation
of law or otherwise, nor may the Restricted Stock Units be made
subject to execution, attachment or similar process. If you
attempt to do any of these things, the Restricted Stock Unit will
immediately become forfeited.
	 
	 	 
	Vesting

	 	The Company will issue your Restricted Stock Units in the name set
forth on the cover sheet. 

The Restricted Stock Units are fully vested on the Grant Date.
	 
	 	 
	Delivery

	 	Upon your termination of Service, the Company will issue the shares
of Stock to which the then vested Restricted Stock Units relate, in
accordance with Section 5(a) of that certain Employment Agreement
by and between Grantee and the Company dated as of June 6, 2006 (as
amended, the “Employment Agreement”). Notwithstanding the
preceding sentence, if the shares of Stock would otherwise be
delivered to you during a period in which you are: (i) subject to a
lock-up agreement restricting your ability to sell shares of Stock
in the open market or (ii) restricted from selling shares of Stock
in the open market because you are not then eligible to sell under
the Company’s insider trading or similar plan as then in effect
(whether because a trading window is not open or you are otherwise
restricted from trading), delivery of the shares of Stock will be
delayed until the first date on which you are no longer prohibited
from selling shares of Stock due to a lock-up agreement or insider
trading or similar plan restriction, but in any event no later than
the last day of the calendar year in which the shares of Stock
otherwise would have been delivered.
	 
	 	 
	Evidence of Issuance

	 	The issuance of the Stock under the grant of Restricted Stock Units
evidenced by this Agreement shall be evidenced in such a manner as
the Company, in its discretion, will deem appropriate, including,
without limitation, book-entry, registration or issuance of one or
more Stock certificates. You will have no further rights with
regard to a Restricted Stock Unit once the share of Stock related
to such Restricted Stock Unit has been issued.

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	Leaves of Absence

	 	For purposes of this Agreement, your Service does not terminate
when you go on a bona fide employee leave of absence that was
approved by the Company in writing if the terms of the leave
provide for continued Service crediting, or when continued Service
crediting is required by applicable law. Your Service terminates
in any event when the approved leave ends unless you immediately
return to active employee work.
The Company determines, in its sole discretion, which leaves count
for this purpose, and when your Service terminates for all purposes
under the Plan.
	 
	 	 
	Withholding Taxes

	 	You agree as a condition of this grant that you will make
acceptable arrangements to pay any withholding or other taxes that
may be due as a result of the vesting or receipt of the Restricted
Stock Units or the Stock. In the event that the Company determines
that any federal, state, local or foreign tax or withholding
payment is required relating to the vesting of the Restricted Stock
Unit or receipt of Stock arising from this grant, the Company shall
have the right to require such payments from you, or withhold such
amounts from other payments due to you from the Company or any
Affiliate (including withholding the delivery of vested shares of
Stock otherwise deliverable under this Agreement).
	 
	 	 
	Retention Rights

	 	This Agreement and the grant evidenced hereby do not give you the
right to be retained by the Company (or any Affiliate) in any
capacity. Unless otherwise specified in an employment or other
written agreement between the Company (or any Affiliate) and you,
the Company (and any Affiliate) reserve the right to terminate your
Service at any time and for any reason.
	 
	 	 
	Stockholder Rights

	 	You, or your estate or heirs, do not have any of the rights of a
shareholder with respect to any unvested Restricted Stock Unit.
	 
	 	 
	 

	 	You will, however, be entitled to receive, upon the Company’s
payment of a cash dividend on outstanding shares of Stock, an
amount of cash, or Restricted Stock Units (as determined by the
Company from time to time) equal to the per-share dividend paid on
the shares of Restricted Stock Units that you hold as of the record
date for such dividend, which shall be subject to the same vesting,
forfeiture and other conditions as the associated Restricted Stock
Units. No adjustments are made for dividends or other rights if
the applicable record date occurs before your certificate is issued
(or an appropriate book entry is made), except as described in the
Plan.
	 
	 	 
	 

	 	Your grant shall be subject to the terms of any applicable
agreement of merger, liquidation or reorganization in the event the
Company is subject to such corporate activity.
	 
	Applicable Law

	 	This Agreement will be interpreted and enforced under the laws of
the

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	 	State of Delaware, other than any conflicts or choice of law
rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another
jurisdiction.
	 
	 	 
	The Plan/Deferred 

Compensation Plan

	 	The text of the Plan is incorporated in this Agreement by reference.
	 
	 	 
	 

	 	Certain capitalized terms used in this Agreement are defined in the
Plan, and have the meaning set forth in the Plan.
Your Restricted Stock Units and this Agreement are also subject to
the terms of the CapitalSource Inc. Amended and Restated Deferred
Compensation Plan (as amended from time to time, the “Deferred
Compensation Plan”).
	 
	 	 
	 

	 	This Agreement, the Employment Agreement, the associated cover
sheet, the Deferred Compensation Plan and the Plan constitute the
entire understanding between you and the Company regarding this
grant. Any prior agreements, commitments or negotiations
concerning this grant are superseded; except that any written
employment, consulting, confidentiality, non-competition and/or
severance agreement between you and the Company (or any Affiliate)
shall supersede this Agreement with respect to its subject matter
provided that no such superseding shall result in a failure to
comply with the requirements of Section 409A of the Internal
Revenue Code of 1986, as amended.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan, the Company may process personal
data about you. Such data includes, but is not limited to,
information provided in this Agreement or the cover sheet hereto
and any changes thereto, other appropriate personal and financial
data about you such as your contact information, payroll
information and any other information that might be deemed
appropriate by the Company to facilitate the administration of the
Plan. 

By accepting this grant, you give explicit consent to the Company
to process any such personal data.
	 
	 	 
	Code Section 409A

	 	It is intended that this Award comply with Section 409A of the Code
(“Section 409A”) or an exemption to Section 409A. To the extent
that the Company determines that you would be subject to the
additional 20% tax imposed on certain non-qualified deferred
compensation plans pursuant to Section 409A as a result of any
provision of this Agreement, such provision shall be deemed amended
to the minimum extent necessary to avoid application of such
additional tax. The nature of any such amendment shall be
determined by the Company. For purposes of this Award, a
termination of Service only occurs upon an event that would be a
Separation from Service within the meaning of Section 409A.

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By signing the cover sheet of this Agreement, you agree to all of the terms and conditions
described above, in the Plan and the Deferred Compensation Plan.

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