Document:

Reassignment No. 5

 Exhibit 10.2 

REASSIGNMENT NO. 5 OF RECEIVABLES IN REMOVED ACCOUNTS 

REASSIGNMENT NO. 5 OF RECEIVABLES IN REMOVED ACCOUNTS (this “Reassignment”), dated as of August 4, 2010, by and among
CHASE BANK USA, NATIONAL ASSOCIATION (the “Bank”), as Transferor (in such capacity the “Transferor”) and CHASE ISSUANCE TRUST (the “Trust”), pursuant to the Amended and Restated Transfer and Servicing Agreement referred
to below. 
 W I T N E S S E T H: 

WHEREAS, the Bank, as Transferor, Servicer and Administrator, Wells Fargo Bank, National Association, as Indenture Trustee and Collateral
Agent, and the Trust are parties to the Third Amended and Restated Transfer and Servicing Agreement, dated as of December 19, 2007, as amended by the First Amendment to the Third Amended and Restated Transfer and Servicing Agreement, dated as
of May 8, 2009 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Agreement”); 

WHEREAS, pursuant to the Agreement, the Transferor wishes to remove from the Trust all Receivables owned by the Trust in certain
designated Accounts (the “Removed Accounts”) and to cause the Trust to reconvey the Receivables of such Removed Accounts, whether now existing or hereafter created, from the Trust to the Transferor; and 

WHEREAS, the Owner Trustee, on behalf of the Trust, is willing to accept such designation and to reconvey the Receivables in the Removed
Accounts subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Transferor and the Owner Trustee, on behalf of the
Trust, hereby agree as follows: 
  

	1.	Defined Terms. All terms defined in the Agreement and the Third Amended and Restated Indenture, dated as of December 19, 2007, used herein shall have such
defined meanings when used herein, unless otherwise defined herein. 

 “Removal Cut Off Date”
shall mean, with respect to the Removed Accounts, June 30, 2010. 
 “Removal Date” shall mean, with respect
to the Removed Accounts designated hereby, August 4, 2010. 
 “Removal Notice Date” shall mean, with
respect to the Removed Accounts, July 27, 2010. 
  

	2.	 Designation of Removed Accounts. Within five Business Days after the Removal Date, or as otherwise agreed upon by the Transferor and the Owner
Trustee, on 

  

 1 

	 	 
behalf of the Trust, the Transferor will deliver to the Owner Trustee a computer file containing a true and complete list of all Removed Accounts identified by account number and the aggregate
amount of Principal Receivables in such Removed Account as of the Removal Cut Off Date, which computer file shall as of the Removal Date modify and amend and be made a part of the Agreement. 

 

	3.	Conveyance of Receivables. The Trust does hereby transfer, assign, set over and otherwise reconvey to the Transferor, without recourse, on and after the Removal
Date, all right, title and interest of the Trust in, to and under the Receivables now existing and hereafter created from time to time in the Removed Accounts identified on Schedule 1 hereto, all Interchange and Recoveries related thereto,
all monies due or to become due (including all Finance Charge Receivables) and all amounts received or receivable with respect thereto and all proceeds (as defined in the UCC as in effect in the applicable jurisdiction) thereof (the “Removed
Collateral”). 

  

	4.	Representations and Warranties of the Transferor. The Transferor hereby represents and warrants to the Trust as of the Removal Date: 

 

	 	(a)	Legal Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor, in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general
and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity); 

  

	 	(b)	Satisfaction of Additional Requirements. All of the requirements for the removal of Accounts under the applicable Asset Pool Supplement have been satisfied; and

  

	 	(c)	Required Transferor Amount. The removal of any Receivable of any Removed Accounts on any Removal Date shall not, in the reasonable belief of the Transferor,
cause, with respect to the Asset Pool in which such Receivables had been designated for inclusion, an Adverse Effect or the Transferor Amount for such Asset Pool to be less than the Required Transferor Amount for that Asset Pool or the Pool Balance
for that Asset Pool to be less than the Minimum Pool Balance for such Monthly Period in which such removal occurs. 

  

	5.	 Representations and Warranties of the Servicer. No selection procedures believed by the Servicer to be materially adverse to the interests of
the Noteholders were utilized in selecting the Removed Accounts to be removed from the Trust and either (I) a random selection procedure was used by the Servicer in selecting the Removed Accounts and only one such removal of randomly selected
Accounts shall occur in the then current Monthly Period, (II) the Removed Accounts arose 

  

 2 

	 	 
pursuant to an affinity, private-label, agent-bank, co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its
terms permits the third party to repurchase the Removed Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party has exercised such repurchase right or (III) the Removed Accounts were selected using another
method that will not preclude transfers from being accounted for as sales under generally accepted accounting principles or prevent the Trust from continuing to qualify as a qualifying special purpose entity in accordance with SFAS No. 140.

  

	6.	Conditions Precedent. The reassignment hereunder of the Receivables in the Removed Accounts and the amendment of the Agreement pursuant to Section 8 of this
Reassignment are each subject to: 

  

	 	(a)	the satisfaction, on or prior to the Removal Date, of the conditions set forth in Section 2.13(b) of the Agreement; and 

 

	 	(b)	the delivery, on or prior to the Removal Date, to the Owner Trustee by the Transferor and the Servicer of an Officer’s Certificate substantially in the form of
Schedule 2-A or 2-B hereto to this Reassignment, as applicable. The Owner Trustee may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the matters set forth therein and shall incur no
liability in so relying. 

  

	7.	Representations and Warranties of the Trust. Since the date of the transfer by the Transferor under the Agreement, the Owner Trustee, on behalf of the Trust, has
not sold, transferred or encumbered any Receivable in any Removed Account or any interest therein. 

  

	8.	Amendment of the Transfer and Servicing Agreement. The Agreement is hereby amended to provide that all references therein to the “Transfer and Servicing
Agreement,” to “this Agreement” and “herein” shall be deemed from and after the Removal Date to be a dual reference to the Agreement as supplemented by this Reassignment. All references therein to the Accounts shall be
deemed not to include the Removed Accounts designated hereunder and all references to Receivables shall be deemed not to include the Receivables reconveyed hereunder. Except as expressly amended hereby, all of the representations, warranties, terms,
covenants and conditions of the Agreement shall remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to
constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Agreement. 

  

	9.	Release. 

  

 3 

	 	(a)	The Owner Trustee, on behalf of the Trust, hereby expressly terminates, relinquishes, releases, discharges and renders ineffective any and all security interests,
liens, mortgages and encumbrances, as against the Transferor, any transferee of the Transferor and any person claiming title to or an interest in the Removed Collateral through any such person, or any successor or assign of any of the foregoing (all
such persons and entities being referred to individually as a “Transferee” and collectively as the “Transferees”), any and all right, title, benefit, interest or claim whatsoever, present or future, actual or contingent
(collectively, “Rights”), owned or held by the Trust to, against or in respect of the Removed Collateral. 

  

	 	(b)	In case any provision of this Reassignment shall be rendered invalid, illegal or unenforceable in any jurisdiction, the Owner Trustee, on behalf of the Trust, hereby
acknowledges that the interest of the Trust in the Removed Collateral is subordinate and junior to the security interest of any Transferee and hereby expressly agrees that any security interest it may have in any Removed Collateral is and shall
remain subordinate and junior to all security interests granted by a Transferee, regardless of the time of the recording, perfection or filing thereof or with respect thereto. 

 

	 	(c)	The Owner Trustee, on behalf of the Trust, acknowledges and agrees that the Transferees and their representatives are expressly entitled to rely on the provisions of
this Section 9, it being the intent of the Owner Trustee, on behalf of the Trust, that the Transferees will acquire title to the Removed Collateral purchased by them free of any Rights owned or held by the Trust to, against or in respect of the
Removed Collateral. 

  

	10.	Counterparts. This Reassignment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an
original, but all of which shall constitute one and the same instrument. 

  

	11.	GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS,
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

  

	12.	 Limitation of Liability. Notwithstanding any other provision herein or elsewhere, this Reassignment has been executed and delivered by
Wilmington Trust Company, not in its individual capacity, but solely in its capacity as Owner Trustee of the Trust, in no event shall Wilmington Trust Company in its individual capacity have any liability in respect of the representations,
warranties, or obligations of the Trust hereunder or under any other document, as to all of which recourse shall be had solely to the assets of the Trust, and for all purposes of this Reassignment and each other document, the Owner Trustee (as such
or in 

  

 4 

	 	 
its individual capacity) shall be subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. 

 

	13.	Authorization. The Owner Trustee, on behalf of the Trust, hereby authorizes Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”) to file any
financing statements or continuation statements, and amendments to financing statements, in any jurisdictions and with any filing offices as Skadden may determine, in its sole discretion, are necessary or advisable to perfect the conveyance to the
Transferor pursuant to Section 3 hereof. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as
Skadden may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Transferor in connection herewith, including, without limitation, describing such
property as “all assets” or “all personal property.” 

  

 5 

 IN WITNESS WHEREOF, the Transferor and the Owner Trustee, on behalf of the Trust, have
caused this Assignment to be duly executed by their respective officers as of the day and year first above written. 
  

			
	CHASE BANK USA,
	 NATIONAL ASSOCIATION,

as Transferor and Servicer

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee on behalf of the Trust
		
	By:	 	 /s/ Jennifer A. Luce

	Name:	 	Jennifer A. Luce
	Title:	 	Assistant Vice President

 Chase
Issuance Trust Reassignment No. 5 – TSA 
 Reassignment No. 5 of Receivables in Removed Accounts 

 Schedule 1 

to Reassignment No. 5 

of Receivables 

REMOVED ACCOUNTS 

[Delivered to the Owner Trustee]Amended and Restated Change-in-Control Executive Severance Plan

 EXHIBIT 10.1 

2009 Change-in-Control 

Executive Severance Plan 

Hewitt Associates, Inc. 

Effective November 2, 2009 

Amended April 30, 2010 

 Contents 
  

			
	Article 1. Establishment and Term of the Plan	  	2
		
	Article 2. Definitions	  	2
		
	Article 3. Severance Benefits	  	5
		
	Article 4. Noncompetition and Confidentiality	  	8
		
	Article 5. Excise Taxes	  	8
		
	Article 6. Contractual Rights and Legal Remedies	  	9
		
	Article 7. Successors	  	10
		
	Article 8. Miscellaneous	  	10

 Hewitt Associates, Inc. 

2009 Change-in-Control Executive Severance Plan 

Article 1. Establishment and Term of the Plan 

1.1 Establishment of the Plan. Hewitt Associates Inc. (hereinafter referred to as the “Company”) hereby establishes a severance plan
to be known as the “Hewitt Associates, Inc. Change-in-Control Executive Severance Plan” (the “Plan”). The Plan provides severance benefits to certain employees (as identified in Appendix A) of the Company
(“Executive” or “Executives”) upon certain terminations of employment from the Company. 
 The Company considers the
establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of the Company and its stockholders. In this connection, the Company recognizes that, as is the case with many publicly held
corporations, the possibility of a Change in Control may arise and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of
the Company and its stockholders. 
 Accordingly, the Board has determined that appropriate steps should be taken to reinforce and encourage the
continued attention and dedication of members of the Company’s management to their assigned duties without distraction in circumstances arising from the possibility of a Change in Control of the Company. 

1.2 Plan Term. This Plan will commence on November 2, 2009 (the “Effective Date”) and shall continue in effect until this Plan is
terminated by the Company. The Company may terminate this Plan entirely or terminate any individual Executive’s participation in the Plan at any time by (i) giving all Executives written notice of Plan termination if terminating the Plan
in its entirety or (ii) giving the affected Executives written notice terminating the affected Executives’ participation in the Plan. If such notice is properly delivered by the Company, this Plan along with all corresponding rights,
duties, and covenants shall immediately expire; provided, however, that in the event a Change in Control occurs within twelve (12) months after receipt of such notice, such notice shall be deemed null and void and Executives’ participation
in this Plan shall not be affected by such notice. 
 1.3 Change-in-Control and Plan Term. Notwithstanding Section 1.2 above, in the
event that a Change in Control of the Company occurs during the Plan Term, the Company may not terminate the Plan or any individual Executive’s participation in the Plan during the period beginning on the date of the Change in Control through
the second anniversary of the Change in Control. This Plan shall thereafter automatically terminate. This Plan shall be assigned to, and shall be assumed by the purchaser in such Change in Control, as further provided in Article 7 herein.

 Article 2. Definitions 
 Wherever
used in this Plan, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word is capitalized: 
  

	 	(a)	“Base Salary” means, at any time, the then regular annual rate of pay which the Executive is receiving as annual salary, excluding amounts:
(i) received under short-term or long-term incentive or other bonus plans, regardless of whether or not the amounts are deferred, or (ii) designated by the Company as payment toward reimbursement of expenses. 

 

 2 

	 	(b)	“Beneficial Owner” or “Beneficial Ownership” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and
Regulations under the Exchange Act. 

  

	 	(c)	“Board” or “Board of Directors” means the Board of Directors of the Company. 

 

	 	(d)	“Cause” shall mean the occurrence of any one or more of the following: 

 

	 	(i)	The Executive’s willful failure to substantially perform his duties with the Company (other than any such failure resulting from the Executive’s Disability),
after a written demand for substantial performance is delivered to the Executive that specifically identifies the manner in which the Committee believes that the Executive has not substantially performed his duties, and the Executive has failed to
remedy the situation within fifteen (15) business days of such written notice from the Company; 

  

	 	(ii)	Gross negligence in the performance of the Executive’s duties; 

  

	 	(iii)	The Executive’s conviction of, or plea of guilty or nolo contendere, to any felony whatsoever, or any other crime involving the personal enrichment of the
Executive at the expense of the Company; 

  

	 	(iv)	The Executive’s willful engagement in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise; 

 

	 	(v)	Willful violation of any provision of the Company’s code of conduct; or 

 

	 	(vi)	Willful violation of any of the covenants contained in Article 4, as applicable. 

 

	 	(e)	“Change in Control” shall occur if any of the following events occur: 

 

	 	(a)	The acquisition by any individual, entity, or group of Beneficial Ownership of thirty percent (30%) or more of the combined voting power of the Company’s then
outstanding securities with respect to the election of Directors of the Company; 

  

	 	(b)	The consummation of a reorganization, merger, or consolidation of the Company or sale or other disposition of all or substantially all of the assets of the Company (a
“Corporate Transaction”); excluding, however, a Corporate Transaction pursuant to which all or substantially all of the individuals or entities who are the Beneficial Owners of the Company immediately prior to the Corporate Transaction
will beneficially own, directly or indirectly, more than sixty percent (60%) of the outstanding shares of common stock of the resulting entity and of the combined voting power of the outstanding securities entitled to vote for the election of
directors of such entity; or 

  

	 	(c)	Individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board;
provided, that any individual who becomes a Director of the Company subsequent to the Effective Date, whose election, or nomination for election by the Company’s stockholders, was approved by the vote of at least a majority of the Directors
then comprising the Incumbent Board shall be deemed a member of the Incumbent Board; and provided further, that any individual who was initially elected as a Director of the Company as a result of an actual or threatened election contest, as such
terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act, or any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board shall not be deemed a member of the
Incumbent Board. 

  

 3 

	 	(f)	“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

 

	 	(g)	“Committee” means the Compensation and Leadership Committee of the Board of Directors of the Company, or, if no Compensation and Leadership Committee
exists, then the full Board of Directors of the Company, or a committee of Board members, as appointed by the full Board to administer this Plan. 

  

	 	(h)	“Company” means Hewitt Associates, Inc., a Delaware corporation, and any successor thereto as provided in Article 7 herein.

  

	 	(i)	“Disability” or “Disabled” shall have the meaning ascribed to such term in the Company’s governing long-term disability plan, or
if no such plan exists, at the discretion of the Board. 

  

	 	(j)	“Effective Date of Termination” means the date on which a Qualifying Termination occurs, as provided in Section 3.2 herein, which triggers the
payment of Severance Benefits hereunder. 

  

	 	(k)	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 

 

	 	(l)	“Good Reason” means, without the Executive’s express written consent, the occurrence after a Change in Control of the Company of any one
(1) or more of the following: 

  

	 	(i)	Without the written consent of the Executive, a material reduction in the Executive’s duties, responsibilities, authority, title, or reporting relationships, as in
effect at any time within ninety (90) calendar prior to the date of a Change in Control or at any time thereafter, or any other action by the Company which results in a material diminution in Executive’s duties, responsibilities,
authority, title, or reporting relationships; 

  

	 	(ii)	The Company’s requiring the Executive to be based at a location in excess of fifty (50) miles from the location of the Executive’s principal job location
or office immediately prior to the Change in Control; except for required travel on the Company’s business to an extent substantially consistent with the Executive’s then present business travel obligations; 

 

	 	(iii)	A material reduction by the Company of the Executive’s Base Salary in effect on the Effective Date hereof, or as the same shall be increased from time to time;

  

	 	(iv)	The failure of the Company to continue in effect, or the failure to continue the Executive’s participation on substantially the same basis in, any of the
Company’s short-and long-term incentive compensation plans, or employee benefit or retirement plans, policies, practices, or other compensation arrangements in which the Executive participates prior to the Change in Control of the Company
unless such failure to continue the plan, policy, practice, or arrangement pertains to all plan participants generally; provided, however, that a decrease in the Executive’s Target Annual Total Compensation in excess of ten percent
(10%) shall constitute Good Reason; 

  

 4 

	 	(v)	The failure of the Company to obtain a satisfactory agreement from any successor to the Company to assume and agree to perform the Company’s obligations under this
Plan, as contemplated in Article 7 herein; and 

  

	 	(vi)	A material breach of this Plan by the Company which is not remedied by the Company within ten (10) business days of receipt of written notice of such breach
delivered by the Executive to the Company. 

 Unless the Executive becomes Disabled, the Executive’s right to
terminate employment for Good Reason shall not be affected by the Executive’s incapacity due to physical or mental illness. The Executive’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any
circumstance constituting Good Reason herein. 
  

	 	(m)	“Notice of Termination” shall mean a written notice which shall indicate the specific termination provision in this Plan relied upon, and shall set
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated. 

 

	 	(n)	“Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof,
including a “group” as defined in Section 13(d). 

  

	 	(o)	“Plan” means this Hewitt Associates, Inc. 2009 Change-in-Control Executive Severance Plan. 

 

	 	(p)	“Qualifying Termination” means any of the events described in Section 3.2 herein, the occurrence of which triggers the payment of Severance
Benefits hereunder. 

  

	 	(q)	“Restrictive Covenant Agreement” means the Confidentiality Agreement entered into between the Company and the Executive, as may be modified from time
to time. 

  

	 	(r)	“Severance Benefits” mean the severance benefits as provided in Section 3.3(a) through 3.3(f) herein. 

 

	 	(s)	“Target Annual Total Compensation” shall mean the sum of all elements of the Executive’s pay and benefits including the Executive’s Base
Salary, target annual incentives, target annualized long-term incentive grants, employee benefits and retirement plans. For purposes of measuring target annualized long-term incentive grant, the awards shall be measured on their date of grant using
reasonable assumptions, including, but not limited to, fair value principles such as those identified in Statement of Financial Accounting Standards No. 123, Share-Based Payment; the value of such awards shall be annualized over the frequency
of their grant. In the case of employee benefit and retirement plans, the annual value of such plans shall be measured using reasonable assumptions (including reasonable actuarial assumptions as necessary). 

Article 3. Severance Benefits 
 3.1 Right to
Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits as described in Section 3.3 herein, if during the term of this Plan there has been a Change in Control of the Company and if, within
twenty-four (24) calendar months immediately thereafter, the Executive’s employment with the Company shall end for any reason specified in Section 3.2 herein as being a Qualifying Termination. The Severance Benefits described in
Section 3.3(a), 3.3(b), 3.3(c), and 3.3(d), (and Section 3.3(f) if applicable) herein shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Qualifying Termination, but in no event later than
thirty (30) calendar days from such date; provided, however, that if it is determined that Section 8.7 of this plan is applicable, the timing of such payments shall be pursuant to Section 8.7. 

 

 5 

 3.2 Qualifying Termination. The occurrence of any one or more of the following events (a
“Qualifying Termination”) within twenty-four (24) calendar months immediately following a Change in Control of the Company shall trigger the payment of Severance Benefits to the Executive, as such benefits are described under
Section 3.3 herein: 
  

	 	(a)	The Company’s involuntary termination of the Executive’s employment without Cause; or 

 

	 	(b)	The Executive’s voluntary termination of employment for Good Reason. 

A Qualifying Termination shall also include an involuntary termination of the Executive’s employment without Cause within six (6) months prior
to a Change in Control if such termination occurs at the request of any third party involved in the Change-in-Control transaction; in such event, the date of Qualifying Termination shall be deemed to be the date of the Change in Control. A
Qualifying Termination shall not include a termination of the Executive’s employment within twenty-four (24) calendar months after a Change in Control by reason of death, Disability, the Executive’s voluntary termination without Good
Reason, or the Company’s involuntary termination of the Executive’s employment for Cause. 
 3.3 Description of Severance
Benefits. In the event that the Executive becomes entitled to receive Severance Benefits, as provided in Sections 3.1 and 3.2 herein, the Company shall pay to the Executive and provide the Executive with the following: 

 

	 	(a)	A lump-sum cash amount equal to the Executive’s unpaid Base Salary, accrued vacation pay, unreimbursed business expenses, and all other items earned by and owed to
the Executive through and including the date of the Qualifying Termination. Such payment shall constitute full satisfaction for these amounts owed to the Executive. 

 

	 	(b)	Any amount payable to the Executive under the annual bonus plan then in effect in respect of the most recently completed fiscal year, to the extent not theretofore paid
and not otherwise subject to deferral under a qualified or nonqualified deferred compensation plan. Such payment shall constitute full satisfaction for these amounts owed to the Executive. 

 

	 	(c)	A lump-sum cash amount equal to the sum of: (i) two (2) multiplied by the Executive’s annual rate of Base Salary in effect upon the date of the
Qualifying Termination or, if greater, by the Executive’s annual rate of Base Salary in effect immediately prior to the occurrence of the Change in Control plus (ii) two (2) multiplied by the Executive’s then current target bonus
opportunity established under the annual bonus plan in effect for the bonus plan year in which the date of the Executive’s Qualifying Termination occurs or, if greater, the Executive’s target bonus opportunity in effect prior to the
occurrence of the Change in Control. 

  

	 	(d)	A lump-sum cash amount equal to the greater of: (i) the Executive’s then-current target bonus opportunity established under the annual bonus plan for the plan
year in which the Executive’s date of Qualifying Termination occurs; or (ii) the Executive’s target bonus opportunity in effect prior to the occurrence of the Change in Control, adjusted on a pro rata basis based on the number of days
the Executive was actually employed during such plan year. Such payment shall constitute full satisfaction for these amounts owed to the Executive. 

 

 6 

	 	(e)	Unless otherwise provided in a plan document, award agreement, or otherwise, all outstanding equity-based long-term incentive vehicles, including but not limited to
stock options, stock appreciation rights, restricted stock, or restricted stock units (“Equity Awards”) shall become immediately vested in full upon a Qualifying Termination. In the event such Equity Awards would not otherwise vest solely
by the continued employment of the Executive (“Performance Vesting Equity Awards”), such Performance Vesting Awards shall vest at the time of the Change in Control. The number of shares that shall vest shall be determined as if a target
level of performance had been achieved and shall be prorated based on the length of time within the performance period elapsed prior to the Change in Control. 

 

	 	(f)	Subject to clauses (i) and (ii), Company shall provide, at the exact same cost to the Executive, and at the same coverage level as in effect as of the
Executive’s date of the Qualifying Termination (subject to changes in coverage levels applicable to all employees generally), a continuation of the Executive’s (and the Executive’s eligible dependents’) health insurance coverage
for twenty-four (24) months from the date of the Qualifying Termination. The applicable COBRA health insurance benefit continuation period shall begin coincident with the beginning of this twenty-four (24) month benefit continuation
period. 

 (i) If the Executive becomes covered under the health insurance coverage of a subsequent employer which
does not contain any exclusion or limitation with respect to any preexisting condition of the Executive or the Executive’s eligible dependents, this health insurance benefit coverage by the Company shall be discontinued prior to the end of the
twenty-four (24) month continuation period. For purposes of enforcing this offset provision, the Executive shall have a duty to inform the Company as to the terms and conditions of any subsequent employment and the corresponding benefits earned
from such employment. The Executive shall provide, or cause to provide, to the Company in writing correct, complete, and timely information concerning the same. 

(ii) If, as of the Executive’s Date of Termination, the provision to the Executive of the health insurance coverage described in
this Section 3.3(f) would either (1) violate the terms of the health insurance plan (or any other related insurance policies) or (2) violate any of the Code’s nondiscrimination requirements applicable to the health insurance
coverage, then Company, shall pay the Executive, in lieu of the health insurance coverage described under this Section 3.3(f), a lump sum cash payment equal to the total monthly premiums (or in the case of a self funded plan, the cost of COBRA
continuation coverage) that would have been paid by Company for the Executive under the health insurance plan from the date of termination through the second anniversary of such date. 

In the event that any health insurance coverage provided under this Section 3.3(f) is subject to federal, state, or local income or
employment taxes, or in the event that a lump sum payment is made in lieu of health insurance coverage under Section 3.3(f)(ii), Company shall provide Executive with an additional payment in the amount necessary such that after payment by the
Executive of all such taxes (calculated after assuming the Executive pays such taxes for the year in which the payment or benefit occurs at the highest marginal tax rate applicable), including the taxes imposed on the additional payments, the
Executive effectively received coverage on a tax free basis or retains a cash amount equal to the health insurance cash payments provided pursuant to this Section 3.3(f)(ii). Any such additional payment for taxes shall be made by the end of the
Executive’s tax year next following the Executive’s tax year in which the coverage under this Section 3.3(f) is includable in the Executive’s income. 
  

 7 

 3.4 Termination for Total and Permanent Disability. Following a Change in Control, if the
Executive’s employment is terminated with the Company due to Disability, the Company shall pay the Executive all amounts described in Section 3.3(a) and (b) herein through the Effective Date of Termination. All other benefits due
Executive shall be determined in accordance with the Company’s retirement, insurance, and other applicable plans and programs then in effect. 

3.5 Termination Due to Death. Following a Change in Control, if the Executive’s employment with the Company is terminated by reason of death,
the Company shall pay the Executive’s estate all amounts described in Section 3.3(a) and (b) herein through the Effective Date of Termination. All other benefits due Executive shall be determined in accordance with the Company’s
retirement, survivor’s benefits, insurance, and other applicable programs then in effect. 
 3.6 Termination for Cause or by the
Executive Other Than for Good Reason. Following a Change in Control, if the Executive’s employment is terminated either: (i) by the Company for Cause; or (ii) voluntarily by the Executive for reasons other than as specified in
Section 3.2(b) herein, the Company shall pay the Executive all amounts described in Section 3.3(a) and (b) herein through the Effective Date of Termination, plus all other amounts to which the Executive is entitled under any
compensation plans of the Company at the time such payments are due, and the Company shall have no further obligations to the Executive under this Plan. 

3.7 Notice of Termination. Any termination of the Executive’s employment by the Company for Cause or by the Executive for Good Reason shall
be communicated by Notice of Termination to the other party. 
 Article 4. Restrictive Covenants 

During the term of this Plan and for the applicable period specified in the Restrictive Covenant Agreement, Executive shall comply with all terms of the
Restrictive Covenant Agreement. In the event Executive fails to comply with any of the Restrictive Covenant Agreement terms, Executive’s participation in this Plan and Executive’s benefits due hereunder shall automatically terminate and
any benefits previously received under this Plan shall immediately be returned back to the Company. 
 Article 5. Excise Taxes 

5.1 Reduction in Benefits to Avoid Excise Taxes. If the Executive becomes entitled to Severance Benefits under this Plan, or benefits under any
other agreement with or plan of the Company (in the aggregate, the “Total Payments”), and if all or any part of the Total Payments will be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Code (or any
similar tax that may hereafter be imposed), the Executive’s Severance Benefits under this Plan shall be reduced to the maximum amount that may be paid without incurring the Excise Tax. If the Severance Benefits become subject to such a
reduction, the amount due to the Executive under Section 3.3(c) shall first be reduced; thereafter, the Committee shall determine how the remainder of the Severance Benefits shall be reduced. Notwithstanding the above, if the net amount
expected to be retained by the Executive after income and other taxes are paid on the reduced Severance Benefits is less than the amount the Executive would have retained without the reduction described in this paragraph, then there shall be no
reduction in the Severance Benefits under this Plan for the purpose of avoiding the Excise Tax. 
  

 8 

 5.2 Tax Computation. In determining the potential impact of the Excise Tax, the Company may rely on
any advice it deems appropriate, including, but not limited to, the counsel of its independent auditors. All calculations for purposes of determining whether any of the Total Payments will be subject to the Excise Tax and the amounts of such Excise
Tax will be made in accordance with applicable rules and regulations under Section 280G of the Code in effect at the relevant time. 

5.3 Subsequent Recalculation. If the Internal Revenue Service adjusts the computation of the Company so that the Executive did not receive the
greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as reasonably determined by the Committee. 

Article 6. Contractual Rights and Legal Remedies 

6.1 Payment Obligations Absolute. The Company’s obligation to make the payments and the arrangements provided for herein shall be absolute and
unconditional, and shall not be affected by any circumstances including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the
Company hereunder shall be paid without notice or demand. 
 The Executive shall not be obligated to seek other employment in mitigation of the
amounts payable or arrangements made under any provision of this Plan, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made
under this Plan, except to the extent provided in Section 3.3(f) herein. 
 6.2 Contractual Rights to Benefits. This Plan
establishes and vests in the Executive a contractual right to the benefits to which he is entitled hereunder. However, nothing herein contained shall require or be deemed to require, or prohibit or be deemed to prohibit, the Company to segregate,
earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder. 

6.3 Arbitration. The Executive shall have the right and option to elect (in lieu of litigation) to have any dispute or controversy arising under
or in connection with this Plan settled by arbitration, conducted before a panel of three (3) arbitrators sitting in a location selected by the Executive within fifty (50) miles from the location of his or her job with the Company, in
accordance with the rules of the American Arbitration Association then in effect. The Executive’s election to arbitrate, as herein provided, and the decision of the arbitrators in that proceeding, shall be binding on the Company and the
Executive. Judgment may be entered on the award of the arbitrator in any court having jurisdiction. 
  

 9 

 6.4 Legal Fees and Expenses. The Company shall pay all reasonable legal fees, costs of litigation,
costs of arbitration, prejudgment interest, and other expenses which are incurred in good faith by the Executive as a result of the Company’s refusal to provide the benefits to which the Executive becomes entitled under this Plan, or as a
result of the Company’s (or any third party’s) contesting the validity, enforceability, or interpretation of the Plan, or as a result of any conflict between the parties pertaining to this Plan; provided, however, that if the court (or
arbitration panel, as applicable) determines that the Executive’s claims were arbitrary and capricious, the Company shall have no obligation hereunder. 

Article 7. Successors 
 7.1 Successors to the
Company. The Company shall require any successor (whether direct or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) of all or a significant portion of the assets of the
Company by agreement, in form and substance satisfactory to the Executive, to expressly assume and agree to perform this Plan in the same manner and to the same extent that the Company would be required to perform if no such succession had taken
place. Regardless of whether such agreement is executed, this Plan shall be binding upon any successor in accordance with the operation of law and such successor shall be deemed the “Company” for purposes of this Plan. 

7.2 Assignment by the Executive. This Plan shall inure to the benefit of and be enforceable by the Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided
herein, shall be paid in accordance with the terms of this Plan to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate. 

Article 8. Miscellaneous 
 8.1 Employment
Status. This Plan is not, and nothing herein shall be deemed to create, an employment contract between the Executive and the Company or any of its subsidiaries. The Executive acknowledges that the rights of the Company remain wholly intact to
change or reduce at any time and from time to time his compensation, title, responsibilities, location, and all other aspects of the employment relationship, or to discharge him prior to a Change in Control (subject to such discharge possibly being
considered a Qualifying Termination pursuant to Section 3.2). 
 8.2 Entire Plan. This Plan contains the entire understanding of the
Company and the Executive with respect to the subject matter hereof. In addition, the payments provided for under this Plan in the event of the Executive’s termination of employment shall be in lieu of any severance benefits payable under any
severance plan, program, or policy of the Company to which the Executive might otherwise be entitled. 
 8.3 Notices. All notices,
requests, demands, and other communications hereunder shall be sufficient if in writing and shall be deemed to have been duly given if delivered by hand or if sent by registered or certified mail to the Executive at the last address he has filed in
writing with the Company or, in the case of the Company, at its principal offices. 
 8.4 Conflicting Plans. This Plan completely
supersedes any and all prior change-in-control agreements or understandings, oral or written, entered into by and between the Company and the Executive, with respect to the subject matter hereof, and all amendments thereto, in their entirety.
Further, the Executive hereby 
  

 10 

 
represents and warrants to the Company that his entering into this Plan, and the obligations and duties undertaken by him hereunder, will not conflict with, constitute a breach of, or otherwise
violate the terms of, any other employment or other agreement to which he is a party, except to the extent any such conflict, breach, or violation under any such agreement has been disclosed to the Board in writing in advance of the signing of this
Plan. 
 8.5 Includable Compensation. Severance Benefits provided hereunder shall not be considered “includable compensation”
for purposes of determining the Executive’s benefits under any other plan or program of the Company unless otherwise provided by such other plan or program. 

8.6 Tax Withholding. The Company shall withhold from any amounts payable under this Plan all federal, state, city, or other taxes as legally
required to be withheld. 
 8.7 Internal Revenue Code Section 409A. Notwithstanding anything under the Plan to the contrary, any
distributions of nonqualified deferred compensation (as defined under Code Section 409A) to a specified employee (as defined under Code Section 409A and as further defined by the Compensation and Leadership Committee of the Board) on
account of separation from service that would otherwise be due during the period beginning on the date of separation of service and ending six months following separation from service (the “delay period”) shall be paid on the first
business day following the end of the delay period. Furthermore, the Company shall, to the extent necessary and only to the extent necessary, modify the timing of delivery of Severance Benefits if it is determined that the timing would subject the
Severance Benefits to the additional tax and/or interest assessed under Code Section 409A. In such event, such payments shall occur as soon as practicable without causing such payment to trigger tax penalty under Code Section 409A.

 8.8 Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. Further, the captions of this Plan are not part of the provisions hereof and
shall have no force and effect. 
 Notwithstanding any other provisions of this Plan to the contrary, the Company shall have no obligation to
make any payment to the Executive hereunder to the extent, but only to the extent, that such payment is prohibited by the terms of any final order of a federal or state court or regulatory agency of competent jurisdiction; provided, however, that
such an order shall not affect, impair, or invalidate any provision of this Plan not expressly subject to such order. 
 8.9
Modification. Provisions of this Plan may be modified or waived by the Company; provided, however, that during the period beginning on the date of the Change in Control and ending on the second anniversary of such Change in Control, no provision
of this Plan may be modified or waived unless such modification or waiver is agreed to in writing and signed by the affected Executives then covered by the Plan and by a member of the Compensation and Leadership Committee of the Board, as
applicable, or by the respective parties’ legal representatives or successors; provided further that any modification or waiver occurring during the twelve (12) months immediately prior to the Change in Control shall be deemed null and
void unless such modification or waiver is agreed to in writing and signed by the affected Executive’s then covered by the Plan and by a member of the Compensation and Leadership Committee of the Board, as applicable, or by the respective
parties’ legal representatives or successors. Modifications or waivers agreed to in writing may affect only those Executives who have signed such modification or waiver. 

8.10 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein shall include the feminine; the plural
shall include the singular and the singular shall include the plural. 
 8.11 Applicable Law. To the extent not preempted by the laws of
the United States, the laws of Delaware shall be the controlling law in all matters relating to this Plan without giving effect to principles of conflicts of laws. 

 

 11 

 Appendix A—Covered Executives 

[Names Omitted]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]