Document:

Employment agreement

 EXHIBIT 10.1 
 EMPLOYMENT AGREEMENT 
 (Bruce Blair) 
 This EMPLOYMENT AGREEMENT, dated July 9, 2008 (this “Agreement”), is between NutriSystem, Inc., a Delaware corporation (the
“Company”), and Bruce Blair (the “Employee”). 
 The Employee is an executive officer of the Company. The
Employee and the Company desire to provide for the continued employment of the Employee as set forth herein. 
 The Company and the Employee,
each intending to be legally bound by this Agreement, agree as follows: 
  

	1.	Effective Date 

 This Agreement shall be effective
July 9, 2008 (the “Effective Date”). 
  

	2.	Employment 

 The Employee shall be the Executive
Vice President and Chief Information Officer of the Company and shall perform duties consistent with this position as are assigned by the Chief Executive Officer or the Board of Directors of the Company (the “Board”). The Employee
shall report directly to the Chief Executive Officer. 
  

	3.	Performance 

 The Employee shall devote
substantially all of his business time and efforts to the performance of his duties under this Agreement during normal business hours. 
  

	4.	Term 

 The term of employment under this Agreement
begins on the Effective Date and extends for three (3) years (the “Employment Term”). The Employment Term may be terminated early as provided in Sections 9 through 13 of this Agreement. 
  

	5.	Salary 

 The Employee’s annual salary (the
“Salary”) is payable in installments when the Company customarily pays its officers (but no less often than twice per month). Commencing on the Effective Date, the Salary shall be at the initial rate of $250,000 (the
“Initial Salary”). The Board or the Compensation Committee of the Board (the “Compensation Committee”) shall review the Salary at least once a year. The Salary shall never be less than the Initial Salary.

	6.	Stock Grant 

 The Compensation Committee has
approved a restricted stock grant to the Employee on the Effective Date in the amount of 50,000 shares (the “Stock Grant”). The Stock Grant shall be in accordance with the terms and conditions set forth in the Stock Award Agreement
attached as Appendix A. The Stock Grant shall vest over four years from the Effective Date, with a tranche of 25% vesting on each of the first four anniversaries of the Effective Date, as set forth in Appendix A; provided that the
Employee is employed by the Company on each such vesting date. 
  

	7.	Bonus 

 During the Employment Term, the Employee
shall be entitled to participate in any bonus program established for officers of the Company generally. The Employee shall be entitled to participate in an annual bonus program to be established by the Board or the Compensation Committee (the
“Annual Bonus”). During the Employment Term, the Employee shall be eligible to receive an Annual Bonus of 100% of the Employee’s Salary; provided that the Annual Bonus is conditioned on the employment of the Employee with the
Company through the date that Annual Bonus is paid. The Annual Bonus shall be paid at such time as bonuses are paid to the other officers of the Company, but no later than March 15th of the year that follows the fiscal year to which the Annual
Bonus relates. 
  

	8.	Confidential Information, Non-Competition and Non-Solicitation 

 The Employee agrees to execute and be covered by the terms of the Company’s standard Nondisclosure and Noncompete Agreement for Management Employees dated the Effective Date (the “Noncompete
Agreement”), which shall be in the form of Appendix B hereto. 
  

	9.	Death 

 If the Employee dies during the Employment
Term, then the Employment Term shall terminate, and thereafter the Company shall not have any further liability or obligation, under this Agreement, to the Employee, the Employee’s executors, administrators, heirs, assigns or any other person
claiming under or through the Employee, except that the Employee’s estate shall receive any unpaid Salary that has accrued through the date of termination, and except as provided in the Stock Award Agreement with respect to the Stock Grant.

  

	10.	Total Disability 

 If the Employee becomes
“totally disabled,” then the Employment Term shall terminate, and thereafter the Company shall have no further liability or obligation to the Employee under this Agreement, except that the Employee shall receive (1) any unpaid Salary
that has accrued through the date of termination, (2) a lump sum equal to one month of Salary, and (3) whatever benefits that the Employee may be entitled to receive under any then existing disability benefit plans of the Company, and
except as provided in the Stock Award Agreement with respect to the Stock Grant. 
  

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 The term “totally disabled” means: if the Employee is considered totally disabled
(a) under the Company’s group disability plan in effect at that time, if any, or (b) in the absence of any such plan, under applicable Social Security regulations. 
  

	11.	Termination for Cause 

 The Company may terminate
the Employee for “cause” immediately upon notice from the Company. If the Employee is terminated for “cause”, then the Employment Term shall terminate and thereafter the Company shall not have any further liability or obligation
to the Employee under this Agreement, except that the Employee shall receive any unpaid Salary that has accrued through the date of termination. 
 The term “cause” means: (a) the Employee is convicted of a felony, or (b) in the reasonable determination of the Board, the Employee has done any one of the following: (1) committed an act of fraud,
embezzlement, or theft in connection with the Employee’s duties in the course of his employment with the Company, (2) caused intentional, wrongful damage to the property of the Company, (3) materially breached (other than by reason of
illness, injury or incapacity) the Employee’s obligations under this Agreement or under any written confidentiality, non-competition, or non-solicitation agreement between the Employee and the Company, that the Employee shall not have remedied
within 30 days after receiving written notice from the Board specifying the details of the breach, or (4) engaged in gross misconduct or gross negligence in the course of the Employee’s employment with the Company. 
  

	12.	Termination by the Employee 

 The Employee may
terminate this Agreement by giving the Company written notice of termination one month in advance of the termination date. The Company may waive this notice period and set an earlier termination date. If the Employee terminates this Agreement, then
on the termination date, the Employment Term shall terminate and thereafter the Company shall have no further liability or obligation to the Employee under this Agreement, except that the Employee shall receive any unpaid Salary that has accrued
through the termination date. After the termination date, the Employee shall be required to adhere to the covenants against non-competition and non-solicitation described in Section 8 of this Agreement. 
  

	13.	Termination without Cause by the Company 

 The
Company may terminate the Employee without “cause” by giving the Employee written notice of termination one month in advance of the termination date. The Employee may waive this notice period and set an earlier termination date. If the
Employee is terminated without “cause,” then the Employment Term shall terminate and thereafter the Employee shall be entitled only to the following under this Agreement: 
 (1) within 30 days following the Employee’s termination date, but no sooner than the end of the revocation period for the release described in
(4) below, the Company will pay to the Employee a lump sum severance payment in the amount equal to the sum of: 
 (a) 12
months of the Salary then in effect; 
  

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 (b) the value of the premium cost to the Company to continue the Employee on the
Company’s group life and AD&D policy for the 12 month period following the Employee’s termination date; and 
 (2) the
Employee’s group healthcare coverage will be continued for 12 months, at the Employee’s normal contribution rates; and 
 (3) the
Employee’s covenants against non-competition (as contained in the Noncompete Agreement described in Section 8 of this Agreement) shall be reduced to a 12 month period from the termination date, from the period contained in the
Noncompete Agreement; and 
 (4) the next 25% tranche of the Stock Grant that would have vested following such termination of employment if
the Employee had continued to be employed, shall become vested on the date of such termination of employment, as provided in the Stock Award Agreement with respect to the Stock Grant; and 
 (5) the Employee and the Company will enter into a mutual general release. 
  

	14.	Change of Control 

 In the event a Change of
Control occurs during the Employment Term, then on the date of the Change of Control, the Employee shall become 100% vested in the Stock Grant. 
 For purposes of this Agreement, the term “Change of Control” shall mean the consummation of any of the following events: 
 (i) any sale, lease, exchange, or other transfer of all or substantially all of the assets of the Company to any other person or entity other than a wholly-owned subsidiary of the Company (in one transaction or a
series of related transactions); 
 (ii) dissolution or liquidation of the Company; 
 (iii) when any person or entity, including a “group” as contemplated by Section 13(d)(3) of the Securities Exchange Act of
1934, as amended, acquires or gains ownership or control (including, without limitation, power to vote) of more than 50% of the outstanding shares of the Company’s voting securities (based upon voting power), or 
  

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 (iv) any reorganization, merger, consolidation, or similar transaction or series of
transactions that results in the record holders of the voting stock of the Company immediately prior to such transaction or series of transactions holding immediately following such transaction or series of transactions less than 50% of the
outstanding shares of any of the voting securities (based upon voting power) of any one of the following: (1) the Company, (2) any entity which owns (directly or indirectly) the stock of the Company, (3) any entity with which the
Company has merged, or (4) any entity that owns an entity with which the Company has merged. 
  

	15.	Governing Law/Jurisdiction 

 This Agreement is
governed by Pennsylvania law. Any disputes, actions, claims or causes of action arising out of or in connection with the terms of this Agreement or the employment relationship between the Company and the Employee shall be subject to the exclusive
jurisdiction of the United States District Court for the Eastern District of Pennsylvania or the Pennsylvania state courts located in Montgomery County. 
  

	16.	Entire Agreement; Amendments 

 This Agreement sets
forth the entire understanding among the parties hereto, and shall supersede all prior employment, severance and change of control agreements, and any related agreements that the Employee has with the Company or any subsidiary, or any predecessor
company. 
 This Agreement may not be modified or amended in any way except by a written amendment executed by the Employee and the Company.

  

	17.	Withholding Taxes 

 Any payments provided for in
this Agreement shall be paid net of any applicable income tax withholding required by federal, state or local law. 
  

	18.	No Assignment 

 All of the terms and provisions of
this Agreement shall be binding upon and inure to the benefit and be enforceable by the respective heirs, representatives, successors (including any successor as a result of a merger or similar reorganization) and assigns of the parties hereto,
except that the duties and responsibilities of the Employee hereunder are of a personal nature and shall not be assignable in whole or in part by the Employee. 
  

	19.	Jury Trial Waiver 

 The parties hereby agree that
they shall and do waive trial by jury in any action, proceeding or counterclaim, whether at law or at equity, brought by either of them, or in any manner whatsoever, which arises out of or is connected in any way with this Agreement or with the
employment relationship established between them. 
  

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	20.	Section 409A 

 (a) This Agreement shall be
interpreted to avoid any penalty sanctions under section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If any payment or benefit cannot be provided or made at the time specified herein without incurring
sanctions under section 409A of the Code, then such benefit or payment shall be provided in full (to extent not paid in part at earlier date) at the earliest time thereafter when such sanctions will not be imposed. For purposes of section 409A of
the Code, all payments to be made upon a termination of employment under this Agreement may only be made upon the Employee’s “separation from service” (within the meaning of such term under section 409A of the Code), each payment made
under this Agreement shall be treated as a separate payment, and the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments. In no event shall the Employee, directly or indirectly,
designate the calendar year of payment, except as permitted under section 409A of the Code. 
 (b) To the maximum extent permitted under
section 409A of the Code, the cash severance payments payable under this Agreement are intended to comply with the “short-term deferral exception” under Treas. Reg. §1.409A-1(b)(4), and any remaining amount is intended to comply with
the “separation pay exception” under Treas. Reg. §1.409A-1(b)(9)(iii); provided, however, any amount payable to the Employee during the six (6)-month period following the Employee’s termination of employment that does not qualify
within either of the foregoing exceptions and is deemed as deferred compensation subject to the requirements of section 409A of the Code, then such amount shall hereinafter be referred to as the “Excess Amount.” If at the time of the
Employee’s termination of employment, the Employee is a “specified employee” (as defined in section 409A of the Code and determined in the sole discretion of the Company (or any successor thereto) in accordance with the Company’s
(or any successor thereto) “specified employee” determination policy), then the Company shall postpone the commencement of the payment of the portion of the Excess Amount that is payable within the six (6)-month period following the
Employee’s “separation from service” with the Company (or any successor thereto) for six months following the Employee’s “separation from service” with the Company (or any successor thereto). The delayed Excess Amount
shall be paid in a lump sum to the Employee within thirty (30) days following the date that is six (6) months following the Employee’s “separation from service” with the Company (or any successor thereto), and any amount
payable to the Employee after the expiration of such six (6)-month period under this Agreement shall continue to be paid to the Employee in accordance with the terms of this Agreement. If the Employee dies during such six (6)-month period and prior
to the payment of the portion of the Excess Amount that is required to be delayed on account of section 409A of the Code, such Excess Amount shall be paid to the personal representative of the Employee’s estate within sixty (60) days after
the Employee’s death, and any amounts not delayed shall be paid to the personal representative of the Employee’s estate in accordance with the terms of this Agreement. 
 (c) All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of section 409A
of the Code, including, where applicable, the requirement that (i) any reimbursement shall be for 

  

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expenses incurred during the Employee’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses
eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible
expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

 IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have hereunto duly executed this Employment Agreement as of the day
and year first written above. 
  

			
	NUTRISYSTEM, INC.:
		
	By:	 	 /s/ Joseph M. Redling

	Name:	 	Joseph M. Redling
	Title:	 	President and CEO
	
	EMPLOYEE:
		
		 	 /s/ Bruce Blair

	Name:	 	Bruce Blair

  

 7Revised Form of Entrust, Inc. Officer Non-Statutory Stock Option Agreement

 EXHIBIT 10.1 
 ENTRUST, INC. 
 Officer 
 Non-Statutory Stock Option Agreement 
 Granted Under the 2006 Stock Incentive
Plan 
  

	1.	Grant of Option. 

 This agreement evidences the
grant by Entrust, Inc., a Maryland corporation (the “Company”), on the issue date to participant (see summary above) to an employee of the Company (the “Participant”), of an option to purchase, in whole or in part, on the
terms provided herein and in the Company’s 2006 Stock Incentive Plan (the “Plan”), the total quantity (see summary above) of shares of common stock, $0.01 par value, of the Company (“Common Stock”) (the
“Shares”) at the grant price (see summary above per Share. Unless earlier terminated, this option shall expire on the seventh anniversary of the date of grant (the “Final Exercise Date”). It is intended that the option
evidenced by this agreement shall not be an incentive stock option as defined in Section 422 of the United States Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”). Except as
otherwise indicated by the context, the term “Participant”, as used in this option, shall be deemed to include any person who acquires the right to exercise this option validly under its terms. 
  

	2.	Vesting Schedule. 

 (a) Regular Vesting.
[INSERT VESTING INFORMATION]. This option shall expire upon, and will not be exercisable after, the Final Exercise Date. 
 (b) Cumulative
Exercise. The right of exercise shall be cumulative so that if the option is not exercised to the maximum extent permissible, it shall continue to be exercisable, in whole or in part, with respect to all shares for which it is vested which were
not so purchased, at any time prior to the Final Exercise Date or the earlier termination of this option. 
 (c) Accelerated vesting.
If, within 12 months after an Acquisition Event (as defined in the Plan), (a) the Participant is terminated by the Company without “Cause;” or (b) if the Participant has an employment agreement or severance or change in control
agreement with the Company or an affiliate of the Company, (x) there is a termination by the Participant for “Good Reason” (as defined in the applicable agreement) or (y) the Participant’s employment is terminated by means
of “Constructive Dismissal,” or “Constructive Discharge,” as applicable (as such applicable term may be defined in the applicable agreement), then the vesting schedule of this option shall be accelerated so that all of the number
of shares which would otherwise have first become exercisable on any vesting date scheduled to occur on or after the date of such termination shall become vested immediately prior to such termination. For this purpose
“Cause” shall mean the following (unless the employee has an employment or severance or change in control agreement in which case the definition of “Cause” (if included in such agreement) from such agreement will apply):
(i) willful misconduct or gross negligence in carrying out your assigned duties, (ii) knowing violation of any reasonable rule, direction or policy of the Company, its President, or its Board, (iii) any act of misappropriation,
embezzlement, intentional fraud, or similar conduct involving the Company, (iv) conviction or a plea of nolo contendere or the equivalent to a felony, (v) failure to comply with all material applicable laws and regulations in performing
your duties and responsibilities for the Company and (vi) abuse of alcohol or of any controlled substance. 
  

	3.	Exercise of Option. 

 (a) Form of Exercise.
Each election to exercise this option shall be in writing, signed by the Participant, and received by the Company at its principal office, accompanied by this agreement, and payment in full as provided in Sections 5(f)(1), 5(f)(2) and 5(f)(3)(i) of
the Plan. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares. 
 (b) Continuous Relationship with the Company Required. Except as otherwise provided in this Section 3, this option may not be exercised
unless the Participant, at the time he or she exercises this option, is, and has been at all times since the date of grant of this option, an employee, officer or director of, or consultant or advisor to, the Company or any parent or subsidiary of
the Company as defined in Section 424(e) or (f) of the Code (an “Eligible Participant”). 

 (c) Termination of Relationship with the Company. If the Participant ceases to be an Eligible
Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that
this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the
non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon
written notice to the Participant from the Company describing such violation. 
 (d) Exercise Period Upon Death or Disability. If the
Participant dies or becomes disabled (within the meaning Of Section 22(e)(3) of the Code, prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as
specified in paragraph (e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant (but in no event after the Final Exercise Date), by the Participant, provided
that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability. 
 (e) Discharge for Cause. If the Participant, prior to the Final Exercise Date, is discharged by the Company for “cause” (as defined below), the right to exercise this option shall terminate
immediately upon the effective date of such discharge. “Cause” shall mean willful misconduct by the Participant or willful failure to perform his or her responsibilities in the best interests of the Company (including, without limitation,
breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between the Participant and the Company), as determined by the Company, which determination shall be
conclusive. The Participant shall be considered to have been discharged for “cause” if the Company determines, within 30 days after the Participant’s resignation, that discharge for cause was warranted. 
  

	4.	Withholding. 

 No Shares will be issued pursuant to
the exercise of this option unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option.

  

	5.	Nontransferability of Option. 

 This option may not
be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be
exercisable only by the Participant. 
  

	6.	Provisions of the Plan. 

 This option is subject to
the provisions of the Plan, a copy of which is furnished to the Participant with this option. 
 IN WITNESS WHEREOF, the Company has caused
this option to be executed under its corporate seal by its duly authorized officer. This option shall take effect as a sealed instrument. 
  

	
	ENTRUST, INC.
	
	  

	F. William Conner
	President and CEO

 PARTICIPANT’S ACCEPTANCE 
 By clicking the “ACCEPT” icon, the Participant hereby accepts the foregoing option and agrees to these terms and conditions. Participant hereby acknowledges receipt of a copy of the Plan.

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