Document:

Incentive Awards Amendment 10.2

TFS Financial Corporation                                EXHIBIT 10.2
2008 Equity Incentive Plan
First Amendment to Restricted Stock Unit Award Agreement

THIS FIRST AMENDMENT TO RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Amendment”) is made and entered into effective this [____] day of [_______________], 2012, by and between [_____________] (“Participant”) and TFS Financial Corporation, a Federal corporation (the “Company”), pursuant to the provisions of the TFS Financial Corporation 2008 Equity Incentive Plan.

W I T N E S S E T H:

WHEREAS, the Company and Participant are party to that certain Restricted Stock Unit Award Agreement, effective as of May 12, 2009 (the “Agreement”); and

WHEREAS, the Company and Participant desire to amend the Agreement as set forth herein.

NOW, THEREFORE, in consideration of the foregoing recitals, and of the premises, covenants, terms and conditions contained herein, the parties hereto agree as follows:

1.Terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
        
2.Section 3 of the Agreement is hereby deleted in its entirety and replaced with the following:

3.    Timing of Payout.  Payout of all vested RSUs shall occur as soon as administratively feasible following Participant's Termination of Service with the Company or its Subsidiaries, but in no event later than sixty (60) days after the effective date of termination; provided, however, that if the Participant is then a “Specified Employee” under Section 409A, the RSUs shall be paid out in accordance with Section 8.1(pp)(v) of the Plan.  Notwithstanding anything to the contrary in this Agreement, upon the vesting of any RSUs, the Company may, in its sole discretion, distribute Stock of the Company subject to vested RSUs to pay Federal Insurance Contributions Act (“FICA”) tax imposed under Section 3101, Section 3121(a) and Section 3121(v)(2) on the vesting of RSUs and to pay income tax at source on wages imposed under Section 3401 or the corresponding provisions of applicable state, local, or foreign tax laws as a result of the payment of the FICA amount and, pursuant to Section 13(c) of this Agreement, the Company may retain such Stock to satisfy the minimum amount of such required tax withholding.

3.This Amendment may be executed in counterparts, each of which will constitute an original and all of which together will constitute one agreement.  The signature page of any individual or entity, or copies or facsimiles thereof, may be appended to any counterpart of this Amendment and when so appended will constitute an original.

4.Except as expressly amended by this Amendment, all terms and conditions of the Agreement remain in full force and effect and are unmodified hereby.
IN WITNESS WHEREOF, the parties have executed or caused this Amendment to be executed as of the day and year first above written.

TFS Financial Corporation

By:                     
Name:                     
Title:                    
                                            

                                            
[_________________]Incentive Awards Amendment 10.3

TFS Financial Corporation                                EXHIBIT 10.3
2008 Equity Incentive Plan
First Amendment to Restricted Stock Unit Award Agreement

THIS FIRST AMENDMENT TO RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Amendment”) is made and entered into effective this [____] day of [_______________], 2012, by and between [_____________] (“Participant”) and TFS Financial Corporation, a Federal corporation (the “Company”), pursuant to the provisions of the TFS Financial Corporation 2008 Equity Incentive Plan.

W I T N E S S E T H:

WHEREAS, the Company and Participant are party to that certain Restricted Stock Unit Award Agreement, effective as of May 14, 2010 (the “Agreement”); and

WHEREAS, the Company and Participant desire to amend the Agreement as set forth herein.

NOW, THEREFORE, in consideration of the foregoing recitals, and of the premises, covenants, terms and conditions contained herein, the parties hereto agree as follows:

1.Terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
        
2.Section 3 of the Agreement is hereby deleted in its entirety and replaced with the following:

3.    Timing of Payout.  Payout of all vested RSUs shall occur as soon as administratively feasible following Participant's Termination of Service with the Company or its Subsidiaries, but in no event later than sixty (60) days after the effective date of termination; provided, however, that if the Participant is then a “Specified Employee” under Section 409A, the RSUs shall be paid out in accordance with Section 8.1(pp)(v) of the Plan.  Notwithstanding anything to the contrary in this Agreement, upon the vesting of any RSUs, the Company may, in its sole discretion, distribute Stock of the Company subject to vested RSUs to pay Federal Insurance Contributions Act (“FICA”) tax imposed under Section 3101, Section 3121(a) and Section 3121(v)(2) on the vesting of RSUs and to pay income tax at source on wages imposed under Section 3401 or the corresponding provisions of applicable state, local, or foreign tax laws as a result of the payment of the FICA amount and, pursuant to Section 13(c) of this Agreement, the Company may retain such Stock to satisfy the minimum amount of such required tax withholding.

3.This Amendment may be executed in counterparts, each of which will constitute an original and all of which together will constitute one agreement.  The signature page of any individual or entity, or copies or facsimiles thereof, may be appended to any counterpart of this Amendment and when so appended will constitute an original.

4.Except as expressly amended by this Amendment, all terms and conditions of the Agreement remain in full force and effect and are unmodified hereby.
IN WITNESS WHEREOF, the parties have executed or caused this Amendment to be executed as of the day and year first above written.

TFS Financial Corporation

By:                     
Name:                     
Title:                    
                                            

                                            
[_________________]ex-10_1.htm

Tompkins Financial Corporation 10-Q

Exhibit 10.1

FIRST AMENDMENT TO

AGREEMENT AND PLAN OF MERGER

This First Amendment is made as of July 31, 2012 by and among Tompkins Financial Corporation, a New York corporation (“Tompkins”), TMP Mergeco. Inc., a New York corporation (“Merger Sub”), TMP Mergeco. I LLC, a New York limited liability company (“LLC”)  and VIST Financial Corp., a Pennsylvania corporation (“VIST”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement, as that term is defined below.

RECITALS

WHEREAS, Tompkins, Merger Sub and VIST are parties to that certain Agreement and Plan of Merger, dated as of January 25, 2012 (the “Merger Agreement”), pursuant to which VIST would be merged with and into Merger Sub (the “Merger”), and

WHEREAS, Section 2.7 of the Merger Agreement provides that the structure of the Merger can be revised, subject to certain conditions, and

WHEREAS, to better assure that the Merger shall constitute a reorganization within the meaning of Section 368(a) of the Code, as contemplated by Section 2.6 of the Merger Agreement, the parties agree that reliance upon a merger of VIST with and into a limited liability company, rather than a corporation, is in the interests of the parties,

NOW, THEREFORE, in consideration of the respective covenants and promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows, intending to be legally bound thereby:

1. Substitution of LLC for Merger Sub.  LLC shall be deemed a party to the Merger Agreement, in substitution in all respects for Merger Sub, so that at the Closing contemplated by the Merger Agreement, VIST will be merged with and into LLC, with LLC as the resulting surviving entity.  Any references to Merger Sub shall become references to LLC and LLC, by its execution hereof, hereby assumes and agrees to perform all of Merger Sub’s obligations pursuant to the Merger Agreement.

2. Representations and Warranties.   (a)  Section 5.1(c) of the Merger Agreement is hereby deleted in its entirety and replaced with the following:

“(c)  LLC is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of New York.  LLC has full power and authority to carry on its business as now conducted and is duly qualified to do business in the states of the United States and foreign jurisdictions where its ownership or leasing of property or the conduct of its business requires such qualification.

  

  

  

(b)  Section 5.1(b) of the Merger Agreement is deleted in its entirety and replaced with the following:

“(b) All of the membership interests of LLC are fully paid and nonassessable and owned by Tompkins.”

3. Scope.  Except as expressly amended hereby, the Merger Agreement shall remain in full force and effect.

4. Counterparts.  This Amendment may be signed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same Amendment.

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered as of the date first written above.

 

	
TOMPKINS FINANCIAL CORPORATION 

	  	
VIST FINANCIAL CORP.

	  	  	  	  	  
	
By:

	

/s/ Francis M. Fetsko 

	  	
By:

	

/s/ Robert Davis

	
Name:

	Francis M. Fetsko   	  	
Name:

	Robert Davis
	
Title:

	Executive Vice President and CFO   	  	
Title:

	President and CEO

	
TMP MERGECO. Inc. 

	 	
TMP MERGECO. I LLC

	 	 	 	 	 
	
By:

	

/s/ Francis M. Fetsko 

	 	
By:

	

/s/ Francis M. Fetsko

	
Name:

	Francis M. Fetsko 	 	
Name:

	Francis M. Fetsko
	
Title:

	Executive Vice President	 	
Title:

	Manager

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