Document:

Exhibit 10.1

 

AMENDMENT NO. 2 TO

EMPLOYMENT AGREEMENT

 

This AMENDMENT NO. 2 (this “Second Amendment”) to that certain Employment Agreement, dated as of November 18, 2002, as amended by Amendment No. 1, dated as of December 24, 2008 (together, the “Agreement”), by and between GFI Group Inc., a Delaware corporation (the “Company”), and James A. Peers (“Executive”), is made on February 3, 2015 (the “Second Amendment Effective Date”).

 

WHEREAS, the Company and Executive desire to amend the Agreement to ensure that Executive remains available to provide services to the Company for a period of time sufficient to ensure the orderly operation of the Company; and

 

WHEREAS, the Company and Executive have each approved this Second Amendment and the changes to the Agreement that it will affect.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned agree as follows:

 

Section 1.                                           Amendments.  The Agreement shall be amended as follows:

 

A.                                    Section 6(a)(ii) shall be amended by replacing the phrase “six (6)” with the phrase “twelve (12)”.

 

B.                                    The text of Sections 6(a)(iii), 6(c)(iii) and 6(d)(v) shall be replaced with the following text:

 

“an amount in lieu of the Discretionary Bonus equal to the average annual Discretionary Bonus (including cash and any equity component of such annual bonus) earned by Executive during the two most recently completed fiscal years of the Company.”

 

C.                                    The following text shall be added as Section 6(c)(iv) at the end of the first sentence:

 

“and (iv) a salary continuation benefit for a period of twelve (12) months following the termination of Executive’s employment, at a rate equal to the rate of Executive’s Base Salary as of the day immediately preceding the date of termination, payable at all times and in the manner of the Company’s regular payroll practices, provided, however, that this period of salary continuation benefit will be reduced by the number of weeks, if any, that the Executive had been paid his Base Salary during a Notice Period.”

 

 

D.                                    The words “clause (ii) or (iii) of this Section 6(c)” in the second sentence of Section 6(c) are replaced with the words “clause (ii), (iii) or (iv) of this Section 6(c)”.

 

E.                                     The following text shall be added as the last sentence of Section 6(c):

 

“Notwithstanding anything else contained herein, in the event that the Executive’s employment is terminated by reason of Executive’s death or permanent disability within the one year period following a “change of control” (as defined herein), Executive shall be entitled to receive the benefits set forth in Section 6(d) in lieu of the benefits set forth in Section 6(c) above.”

 

F.                                      Section 6(d)(iv) is hereby amended by deleting the text therein in its entirety and replacing it with the following:

 

“with respect to any deferred cash, restricted stock units or other equity interests in the Company that Executive has been awarded but have not matured or fully vested, such deferred cash, restricted stock units or other equity interests shall accelerate and mature, vest or settle, as applicable, at the date of termination of Executive’s employment, provided, however, that the foregoing shall not apply to the extent any such acceleration and/or settlement would result in any additional tax, interest or penalty under Code Section 409A, or damages for failing to comply with Code Section 409A;”

 

G.                                    Section 6(d) is hereby amended by deleting the second sentence of that section in its entirety.

 

H.                                   A reference to Section 13 shall be added to Section 12(k).

 

Section 2.                                           Effect of Second Amendment.  Except as set forth in Section 1 of this Second Amendment, the provisions of the Agreement shall not be amended or altered by this Second Amendment and shall continue in full force and effect.

 

Section 3.                                           Miscellaneous.  This Second Amendment shall be governed by the internal laws of the State of New York.  This Second Amendment may be executed in one or more counterparts, each of which when executed and delivered shall be deemed to be an original and all counterparts taken together shall constitute one and the same instrument.  This Second Amendment and the Agreement (as amended hereby) constitute the entire understanding of the parties hereto with respect to the subject matter hereof, and any and all prior agreements and understanding between the parties regarding the subject matter hereof, whether written or oral, except for the Agreement (as amended hereby), are superceded by this Amendment.  Any provision of this Amendment which is invalid or unenforceable in any jurisdiction shall be ineffective to the extent of such invalidity or unenforceability without invalidating or rending unenforceable the remaining provisions hereof, and any invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

2

 

IN WITNESS WHEREOF, this Second Amendment has been duly executed and delivered by the undersigned parties on the Second Amendment Effective Date.

 

	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
GFI   GROUP INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Christopher D’Antuono
    
	
 
    	
Name:   Christopher D’Antuono
    
	
 
    	
Title:   General Counsel and Corporate Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
EXECUTIVE
    
	
 
    	
 
    
	
 
    	
/s/   James A. Peers
    
	
 
    	
James   A. Peers
    

 

3Sprint Corp Dec-2014 Exhibit 10.4

Exhibit 10.4
        

 
THIRD AMENDMENT
TO EMPLOYMENT AGREEMENT

This Third Amendment (the “Amendment”) to that certain Employment Agreement by and between Sprint Nextel Corporation, now known as Sprint Communications, Inc., and Joseph J. Euteneuer made and entered into as of December 20, 2010 and amended on November 20, 2012 and November 11, 2013 (the “Agreement”), is made and entered into November 14, 2014  (the “Amendment Effective Date”).  Certain capitalized term shall have the meaning ascribed to them in the Agreement.

WHEREAS, the Company and the Executive desire to amend the Agreement as provided herein.

NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth herein and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and the Executive hereby restate Schedule A of the Agreement as of the Amendment Effective Date as follows, with the only change being to replace“2014” in Item 2 with “2015”:

SCHEDULE A
With respect to the Executive’s relocation from his residence prior to the Effective Date (his “Current Residence”) to the area surrounding the Executive’s initial Place of Performance, the Executive shall be entitled to the benefits under the Sprint Officer Relocation Program, effective August, 2010 (the “Program”), except as provided below:
		
	1.
	Section 1.01 shall be modified by exclusion of reference to any benefits excluded herein;

		
	2.
	In Section 1.05, “12-months after the effective date of job assignment” shall be changed to “November 5, 2015;”

		
	3.
	The Executive shall not be entitled to the benefits under Section 3, Relocation Allowance;

		
	4.
	Regardless of the established home value limit in Section 4.02 (the application of which with respect to his Current Residence results in the Executive’s ineligibility for Section 4, Home Selling Benefits), the Executive shall be entitled to the benefits under Section 4.03, Reimbursable Home Selling Expenses, as limited by Section 4.04, except that:

		
	a.
	the Third Party Company referred agent requirement shall not apply; and

		
	b.
	reimbursable broker’s commission is limited to 6%; and

		
	c.
	the exclusion in Section 4.17 for tax assistance will not apply.

		
	5.
	The Executive shall not be entitled to the benefits under Section 5, Interim Living, Section 6, Home Finding Benefits, or Section 7, Home Purchase Assistance, except that Executive shall be entitled to benefits under Section 7.05, Normal Closing Costs;

		
	6.
	The Executive shall not be entitled to the benefits under Section 8, Renter Benefits, or Section 11, Spouse/Partner Assistance;

		
	7.
	For avoidance of doubt, Section 9.08 modifies the limitation of Section 9.02, and the Executive shall be entitled to two separate shipments of household goods;

		
	8.
	Executive shall not be entitled to the benefits under Section 12.02 Gross-Up Provision, except (a) with respect to Section 7.05 Normal Closing Costs and Section 10 Final Move Expenses, and (b) the exclusion for “Directly Reimbursed Home Selling Expenses” shall not apply; and

		
	9.
	Section 13.01 is not applicable in the case of a termination of employment described in 9(b)-(e) of the Agreement.

    
In all other respects, the terms, conditions and provisions of the Agreement shall remain the same.

IN WITNESS WHEREOF, the Company has caused this Amendment to be signed by an officer pursuant to the authority of its Board, and the Executive has executed this Amendment, effective as of the day and year first written above.

SPRINT COMMUNICATIONS, INC.

/s/ Sandra Price            
By: Sandra Price
                        

EXECUTIVE

/s/ Joseph J. Euteneuer        
Joseph J. Euteneuer

Euteneuer Employment Agreement Amendment                        Page 2 of 2Sprint Corp Dec-2014 Exhibit 10.5

Exhibit 10.5

Sandra J. Price
SVP Human Resources
Mailstop: KSOPHF0310
6200 Sprint Parkway
Overland Park, KS 66251

November 6, 2014

Mr. Bob Johnson
Mailstop: KSOPHF0319
6200 Sprint Parkway
Overland Park, KS 66251

RE:    Voluntary Resignation Benefit and Interim Living Allowance

Dear Bob:

As we have discussed, in consideration of your continued employment through December, 2017 and your waiver of any eligibility for a long-term incentive compensation award, if any, in 2017, you are eligible for the benefits as outlined in Section 9(b) of your Amended and Restated Employment Agreement dated December 31, 2008 should you choose to voluntarily resign your employment effective as of a date in January, 2018 with 30 days’ written notice to the Company. Additionally, you will receive up until your relocation of your residence to the Overland Park area, or any earlier termination of your employment, a tax-protected payment of $50,000 per year, payable monthly beginning November, 2014.

Sincerely,

/s/ Sandra Price
Agreed:

/s/ R L Johnson                11-12-14
Bob Johnson                    Date

C:  Marcelo Claure

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