Document:

EX-4.4

 Exhibit 4.4 

AMENDMENT NO. 1 TO THE 

AKEBIA THERAPEUTICS, INC. 

2014 INCENTIVE PLAN 
 This
Amendment No. 1 to the Akebia Therapeutics, Inc. 2014 Incentive Plan (the “Akebia Equity Plan”) is adopted by the Board of Directors (“Board”) of Akebia Therapeutics. Inc., a Delaware corporation
(the “Corporation”), on December 11, 2018. 
 WHEREAS, the Board desires to amend the Akebia Equity Plan
as set forth herein to provide that, among other things, certain substitute awards and shares available under certain pre-existing plans of a company that merges with the Corporation or a subsidiary of the
Corporation will not be counted against the Share Pool (as defined in the Akebia Equity Plan); and 
 WHEREAS, the Board has
authority to make such amendment. 
 NOW, THEREFORE, BE IT: 

RESOLVED, that the Akebia Equity Plan be and hereby is amended as follows: 

 

	 	1.	 Immediately after Section 4(c) of the Akebia Equity Plan, the following new Section 4(d) shall be
inserted: 

 “Substitute Awards. In connection with an entity’s merger or consolidation with the
Company or any subsidiary of the Company or the Company’s acquisition, or any subsidiary of the Company’s acquisition, of an entity’s property or stock, the Administrator may grant Awards in substitution for any options or other stock
or stock-based awards granted before such merger or consolidation by such entity or its affiliate. Substitute Awards may be granted on such terms as the Administrator deems appropriate, notwithstanding limitations on Awards in the Plan. Substitute
Awards will not count against the Share Pool (nor shall shares of Stock subject to a Substitute Award be added to the shares of Stock available for Awards under the Plan as provided above), except that shares of Stock acquired by exercise of
substitute ISOs will count against the maximum number of shares of Stock that may be issued pursuant to the exercise of ISOs under the Plan. Additionally, in the event that a company acquired by the Company or any subsidiary of the Company or with
which the Company or any subsidiary of the Company combines has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the
shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such
acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant
under the Plan (and Shares subject to such Awards shall not be added to the Shares available for Awards under the Plan as provided above); provided that Awards using such available shares shall not be made after the date awards or grants could have
been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not Employees or directors of the Board prior to such acquisition or
combination.” 
  

	 	2.	 Immediately after the definition of “Stock Unit” in Exhibit A to the Akebia Equity Plan, the
following new definition shall be inserted: 

 “Substitute Awards” shall mean Awards granted or shares of
Stock issued by the Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company or any of its subsidiaries or with which
the Company or any of its subsidiaries combines.”Exhibit 10.1

 

AMENDMENT NO. 1 TO EXecutive
Employment Agreement

 

This Amendment No. 1
to the EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is entered into effective as of January 25, 2019, by
and between CRAIG I. FORMAN (the “Executive”) and THE McCLATCHY COMPANY, a Delaware corporation (the “Company”).

 

 

WHEREAS, the Company
and the Executive wish to amend the terms of the Executive Employment Agreement (the “Agreement”) executed on
January 25, 2017 in accordance with Section 17(b) of the Agreement; and

 

WHEREAS, unless otherwise
expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment will have
the same meaning ascribed to them in the Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants herein contained, the parties agree as follows:

 

1.            
Section 1 of the Agreement is deleted in its entirety and replaced with the following text:

 

1.        Term
of Employment. The Company agrees to employ the Executive, and the Executive agrees to remain in employment with the Company,
from the Start Date until January 24, 2019 (the “Term”), unless terminated earlier in accordance with Sections
6, 7 or 8. Beginning on January 25, 2019, this Agreement shall be renewed automatically for succeeding terms of two (2) years each,
unless either party gives written notice to the other at least sixty (60) days prior to the expiration of any term of Executive’s
or Company’s intention not to renew. Except with respect to Sections 13 through 17, which survive indefinitely, this Agreement
shall expire if either party gives written notice to the other at least ninety (90) days prior to the expiration of any term of
Executive’s or Company’s intention not to renew, or, in the case of the Executive’s earlier termination in accordance
with Sections 6, 7 or 8, when all obligations of the parties hereunder have been satisfied. If notice of non-renewal is given by
either party, then the termination of the Executive’s employment upon such expiration of the Term shall be treated as an
involuntary termination by the Company without Cause (as defined below).

 

2.            
Section 3(b) of the Agreement is deleted in its entirety and replaced with the following text:

 

(b)       Annual
Incentive Compensation. The Executive shall be eligible to receive an annual cash bonus for each of the Company’s fiscal
years during the Term (the “Annual Cash Incentive”) based on performance objectives established by the Compensation
Committee of the Board (the “Committee”) each such fiscal year. The Executive’s target Annual Cash Incentive
amount for each such fiscal year will be the percentage of Base Salary designated as the target by the Committee, which target
shall be at least one hundred percent (100%) of the Base Salary then in effect for each applicable year.

 

     

     

    

 

3.            
The following text is inserted as a new sub-section (d) following sub-section 3(c).

 

(d)      Supplemental Executive
Retirement Plan. Effective January 1, 2019, Executive’s accrual under the McClatchy Company Supplemental Executive Retirement
Plan (the “SERP”) shall be increased to 25% of Base Salary.

 

4.            
Section 5(b) of the Agreement is deleted in its entirety and replaced with the following text:

 

(b)       Business
Expenses. During the Term, the Executive shall be authorized to incur necessary and reasonable travel, entertainment and other
business expenses in connection with his duties hereunder. The Company shall pay the Executive a monthly supplemental stipend in
the amount of $35,000, payable monthly, subject to applicable withholdings, to offset certain unreimbursed business expenses, including
a monthly housing allowance and travel allowance. Prior to any automatic renewal of the Term under Section 1, the Company may reevaluate
the amount of the monthly supplemental stipend and reset such amount for Term extensions, including by increasing, reducing or
continuing the amount of such monthly supplemental stipend.

 

5.            
Section 5(c) of the Agreement is deleted in its entirety.

 

6.            
Section 9 of the Agreement is deleted in its entirety and replaced with the following text:

 

9.        
Benefits for Termination by the Company Without Cause or Resignation by the Executive for Good Reason. In addition
to any rights under Section 4, in the event that during the Term of this Agreement (i) the Company terminates the Executive’s
employment for any reason other than Cause or Disability, (ii) the Executive terminates his employment for Good Reason, (iii) the
Executive terminates his employment for any reason during the sixty (60) day period beginning on the six (6) month anniversary
of a Change in Control (as defined in the Company’s 2012 Omnibus Incentive Plan, as it may be amended and/or restated from
time to time) or (iv) notice by the Company of its intent to not renew the Term as provided for under Section 1, then the Executive
shall be entitled to receive his Accrued Compensation (defined in Section 10) and a severance payment from the Company (the “Severance
Payment”). The Severance Payment shall be made in a lump sum as soon as reasonably practicable, but in no event less
than fifteen (15) or more than sixty (60) days, following the Termination Date. Any payment under this Section 9 shall be subject
to required withholding taxes. The amount of the Severance Payment shall be calculated as follows (A) if not in connection with
a Change in Control, then it shall be (i) one million dollars ($1,000,000) plus (ii) target Annual Cash Incentive in the year of
termination; or (B) if the Termination Date is within the ninety (90) days prior to or the twenty-four (24) months following a
Change in Control, then it shall be (i) two million dollars ($2,000,000.00) plus (ii) two times target Annual Cash Incentive in
the year of termination. Notwithstanding anything to the contrary in any governing equity award agreement or any equity incentive
plan, if the Executive’s employment is terminated for any reason other than Cause, then all then unvested equity awards shall
be fully vested. If the Executive would be entitled to severance payments under any executive severance plan that is adopted by
the Company for its senior executives after the date hereof (the “Executive Severance Plan”), then he shall
receive the greater of the benefits provided for under the Executive Severance Plan or under this Agreement. In the event of a
termination described above in clauses (i), (ii), (iii) and (iv), then notwithstanding anything to the contrary in the SERP, the
Executive shall be 100% vested in his benefits under the SERP and shall have an amount not less than 25% of his annual Base Salary
contributed to the Plan in such year without regard to his termination of employment. Notwithstanding the foregoing, the Company’s
obligation to pay the Severance Payment shall be conditioned upon receipt from the Executive of a Waiver and Release pursuant to
Section 11 hereof.

 

     

     

    

 

10.          
Section 17(i) of the Agreement is deleted in its entirety and replaced with the following text:

 

(i)        The Company shall
reimburse the Executive for the reasonable legal expenses that he incurs in connection with the review and negotiation of the Amendment
to the Agreement (in an amount not to exceed $10,000).

 

[Signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF, each of the parties
has executed this Amendment, in the case of the Company by its duly authorized officer, as of the day and year first above written.

 

	 	
        EXECUTIVE:

         

         

         

	 	
        Craig I. Forman

         

         

	 	
        THE MCCLATCHY COMPANY

         

         

        By:

	 	
        Name:

        Title:

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