Document:

Exhibit
10.1

 

CEPHALON, INC.

 

2004 EQUITY
COMPENSATION PLAN

 

(As Amended and
Restated, Effective as of May 23, 2008)

 

The purpose of the
Cephalon, Inc. 2004 Equity Compensation Plan (the “Plan”) is to provide (i) designated
employees of Cephalon, Inc. (the “Company”) and its subsidiaries, (ii) certain
consultants and advisors who perform valuable services for the Company or its
subsidiaries and (iii) non-employee members of the Board of Directors of
the Company (the “Board”), with the opportunity to receive grants of incentive
stock options, nonqualified stock options and stock awards, as set forth
herein.  The Company believes that the
Plan will encourage the participants to contribute materially to the growth of
the Company, thereby benefiting the Company’s stockholders, and will align the
economic interests of the participants with those of the stockholders.

 

1.             Administration

 

(a)           Committee.  The Plan
shall be administered by a committee, which may consist of “outside directors”
as defined under section 162(m) of the Internal Revenue Code of 1986, as
amended (the “Code”), and related Treasury regulations and “non-employee
directors” as defined under Rule 16b-3 under the Securities Exchange Act
of 1934, as amended (the “Exchange Act”). 
However, the Board may ratify or approve any grants as it deems
appropriate.

 

(b)           Committee Authority. 
The Committee shall have the sole authority to (i) determine the
individuals to whom grants shall be made under the Plan, (ii) determine
the type, size and terms of the grants to be made to each such individual, (iii) determine
the time when the grants will be made and the duration of any applicable
exercise or restriction period, including the criteria for exercisability and
the acceleration of exercisability, (iv) amend the terms of any previously
issued grant, so long as no previously granted option is repriced, replaced, or
regranted through cancellation, or by lowering the option exercise price of a
previously granted option, unless the stockholders of the Company provide prior
approval, and (v) deal with any other matters arising under the Plan.  Notwithstanding the foregoing, non-employee
members of the Board shall be eligible to receive only nonqualified stock
options pursuant to the provisions of Section 6 hereof.

 

(c)           Committee Determinations. 
The Committee shall have full power and authority to administer and
interpret the Plan, to make factual determinations and to adopt or amend such
rules, regulations, agreements and instruments for implementing the Plan and
for the conduct of its business as it deems necessary or advisable, in its sole
discretion.  The Committee’s
interpretations of the Plan and all determinations made by the Committee
pursuant to the powers vested in it hereunder shall be conclusive and binding on
all persons having any interest in the Plan or in any awards granted
hereunder.  All powers of the Committee
shall be executed in its 

 

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sole discretion, in the
best interest of the Company, not as a fiduciary, and in keeping with the
objectives of the Plan and need not be uniform as to similarly situated
individuals.

 

2.             Grants

 

Awards under the Plan may
consist of grants of incentive stock options as described in Section 5 (“Incentive
Stock Options”), nonqualified stock options as described in Section 5  (“Nonqualified Stock Options”) (Incentive
Stock Options and Nonqualified Stock Options are collectively referred to as “Options”)
grants or Nonqualified Stock Options to non-employee members of the Board as
described in Section 6 and stock awards as described in Section 7 (“Stock
Awards”) (hereinafter collectively referred to as “Grants”).  All Grants shall be subject to the terms and
conditions set forth herein and to such other terms and conditions consistent
with this Plan as the Committee deems appropriate and as are specified in
writing by the Committee to the individual in a grant instrument or an
amendment to the grant instrument (the “Grant Instrument”).  The Committee shall approve the form and provisions
of each Grant Instrument.  Grants under a
particular Section of the Plan need not be uniform as among the grantees.

 

3.             Shares Subject to the Plan

 

(a)           Shares Limits.

 

(1)           Shares Authorized.  Subject to
adjustment as described below, the aggregate number of shares of common stock
of the Company (“Company Stock”) that may be issued or transferred under the
Plan is 13,950,000 shares; provided, however, that after May 22, 2008, no
more than 500,000 shares of Company Stock may be issued pursuant to Stock
Awards that are granted under the Plan after such date.

 

(2)           Annual Individual Maximum. 
The maximum aggregate number of shares of Company Stock that shall be
subject to Grants made under the Plan to any individual during any calendar
year shall not exceed 500,000 shares, subject to adjustment as described below.

 

(3)           Source of Shares for Issuance. 
Shares issuable pursuant to the exercise of Options and the grant of
Stock Awards may be delivered out of the authorized but unissued shares of
Company Stock or reacquired shares of Company Stock, including shares purchased
by the Company on the open market for purposes of the Plan.

 

(4)           Expiration of Options; Canceled, Forfeited, Exchanged,
Surrendered Options.  With respect to Options granted under the
Plan that expire at the end of their original term without having been
exercised, the shares of Company Stock subject to such Options will not be
available for future issuance or transfer under the Plan.  With respect to Options granted under the
Plan that terminate or are canceled, forfeited, exchanged or surrendered
without having been exercised prior to the end of their original term, or any
Stock Awards that are forfeited prior to the end of the applicable Restriction
Period (as defined in Section 7), the shares of Company 

 

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Stock subject to such
Grants shall again be available for future issuance or transfer under the Plan.

 

(b)           Adjustments.  If there is any change in the number or kind
of shares of Company Stock outstanding (i) by
reason of a stock dividend, spinoff, recapitalization, stock split, or
combination or exchange of shares, (ii) by reason of a merger,
reorganization or consolidation, (iii) by reason of a reclassification or
change in par value, or (iv) by reason of any other extraordinary or
unusual event affecting the outstanding Company Stock as a class without the
Company’s receipt of consideration, or if the value of outstanding shares of
Company Stock is substantially reduced as a result of a spinoff or the Company’s
payment of an extraordinary dividend or distribution, the maximum number of
shares of Company Stock available for Grants, the maximum number of shares of
Company Stock that any individual participating in the Plan may be granted as
Options or Stock Awards in any year, the number of shares covered by
outstanding Grants, the kind of shares issued under the Plan, and the price per
share of such Grants shall be equitably adjusted by the Committee, in such
manner as the Committee deems appropriate, to reflect any increase or decrease
in the number of, or change in the kind or value of, the issued shares of
Company Stock to preclude, to the extent practicable, the enlargement or
dilution of rights and benefits under the Plan and such outstanding Grants;
provided, however, that any fractional shares resulting from such adjustment
shall be eliminated.  In addition, in the
event of a Change of Control (as defined in Section 11) or Corporate
Transaction (as defined in Section 11), the provisions of Section 11
shall apply.  Any adjustments to
outstanding Grants shall be consistent with section 409A or 422 of the Code, to
the extent applicable.  Any adjustments
determined by the Committee shall be final, binding and conclusive.

 

4.             Eligibility for Participation

 

(a)           Eligible Persons. 
All employees of the Company and its subsidiaries (“Employees”),
including Employees who are officers or members of the Board, and members of
the Board who are not Employees (“Non-Employee Directors”) shall be eligible to
participate in the Plan; provided, however, that Non-Employee Directors may
only receive Nonqualified Stock Options pursuant to Section 6.  Consultants and advisors who perform services
for the Company or any of its subsidiaries (“Key Advisors”) shall be eligible
to participate in the Plan if the Key Advisors render bona fide services to the
Company or its subsidiaries, the services are not in connection with the offer
and sale of securities in a capital-raising transaction, and the Key Advisors
do not directly or indirectly promote or maintain a market for the Company’s
securities.

 

(b)           Selection of Grantees. 
The Committee shall select the Employees and Key Advisors to receive
Grants and shall determine the number of shares of Company Stock subject to a
particular Grant in such manner as the Committee determines.  Grants to Non-Employee Directors shall be
governed by Section 6.  Employees,
Key Advisors and Non-Employee Directors who receive Grants under this Plan
shall hereinafter be referred to as “Grantees”.

 

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(c)           Prospective Employees and Key Advisors. 
Option and Stock Awards may be granted to a prospective Employee or Key
Advisor conditioned upon, and the date of grant shall be no earlier than, the date
such person becomes an Employee or Key Advisor.

 

5.             Granting of Options

 

(a)           Number of Shares. 
Subject to the limitations set forth in Section 3 and except as
provided in Section 6, the Committee shall determine the number of shares
of Company Stock that will be subject to each Grant of Options to Employees,
Non-Employee Directors and Key Advisors.

 

(b)           Type of Option and Price.

 

(i)            The Committee may grant Incentive Stock Options that
are intended to qualify as “incentive stock options” within the meaning of
section 422 of the Code or Nonqualified Stock Options that are not intended so
to qualify or any combination of Incentive Stock Options and Nonqualified Stock
Options, all in accordance with the terms and conditions set forth herein.  Incentive Stock Options may be granted only
to Employees.  Nonqualified Stock Options
may be granted to Employees, Non-Employee Directors and Key Advisors.

 

(ii)           The purchase price (the “Exercise Price”) of Company
Stock subject to an Option shall be determined by the Committee and may be
equal to or greater than the Fair Market Value (as defined below) of a share of
Company Stock on the date the Option is granted; provided, however, that an
Incentive Stock Option may not be granted to an Employee who, at the time of grant,
owns stock possessing more than ten percent of the total combined voting power
of all classes of stock of the Company or any parent or subsidiary of the
Company, unless the Exercise Price per share is not less than 110% of the Fair
Market Value of Company Stock on the date of grant.

 

(iii)          If the Company Stock is publicly traded, then the Fair
Market Value per share shall be determined as follows: (x) if the
principal trading market for the Company Stock is a national securities
exchange or the Nasdaq National Market, the last reported sale price thereof on
the relevant date or (if there were no trades on that date) the latest
preceding date upon which a sale was reported, or (y) if the Company Stock
is not principally traded on such exchange or market, the mean between the last
reported “bid” and “asked” prices of Company Stock on the relevant date, as
reported on Nasdaq or, if not so reported, as reported by the National Daily
Quotation Bureau, Inc. or as reported in a customary financial reporting
service, as applicable and as the Committee determines.  If the Company Stock is not publicly traded
or, if publicly traded, is not subject to reported transactions or “bid” or “asked”
quotations as set forth above, the Fair Market Value per share shall be as
determined by the Committee.

 

(c)           Option Term. 
The Committee shall determine the term of each Option.  The term of any Option shall not exceed ten
years from the date of grant.  However,
an Incentive Stock Option that is granted to an Employee who, at the time of
grant, owns stock possessing more than ten percent of the total combined voting
power of all classes of stock of the Company, or 

 

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any parent or subsidiary
of the Company, may not have a term that exceeds five years from the date of
grant.

 

(d)           Exercisability of Options. 
Options shall become exercisable in accordance with such terms and
conditions, consistent with the Plan, as may be determined by the Committee and
specified in the Grant Instrument.  The
Committee may impose such additional restrictions or conditions on the
exercisability of Options or on the shares of Company Stock issuable upon
exercise of the Options as it shall determine and specify in the Grant
Instrument.  The Committee may accelerate
the exercisability of any or all outstanding Options at any time for any
reason.

 

(e)           Exercise of Options. 
A Grantee may exercise an Option that has become exercisable, in whole
or in part, by delivering a notice of exercise to the Company.  The Grantee shall pay the Exercise Price for
an Option as specified by the Committee (x) in cash, (y) with the
approval of the Committee, by delivering shares of Company Stock owned by the
Grantee and having a Fair Market Value on the date of exercise equal to the
Exercise Price or by attestation (on a form prescribed by the Committee) to
ownership of shares of Company Stock having a Fair Market Value on the date of
exercise equal to the Exercise Price, or (z) to the extent permitted by
applicable law, by such other method as the Committee may approve.   Shares of Company
Stock used to exercise an Option shall have been held by the Grantee for the
requisite period of time to avoid adverse accounting consequences to the
Company with respect to the Option.  The Grantee
shall pay the Exercise Price and the amount of any withholding tax due
(pursuant to Section 9) as specified by the Committee.

 

(f)            Limits on Incentive Stock Options. 
Each Incentive Stock Option shall provide that, if the aggregate Fair
Market Value of the stock on the date of the grant with respect to which
Incentive Stock Options are exercisable for the first time by a Grantee during
any calendar year, under the Plan or any other stock option plan of the Company
or a parent or subsidiary, within the meaning of section 424(f) of the
Code, exceeds $100,000, then the Option, as to the excess, shall be treated as
a Nonqualified Stock Option.  An
Incentive Stock Option shall not be granted to any person who is not an
Employee of the Company or a parent or subsidiary.

 

6.             Option Grants to Non-Employee Directors

 

A Non-Employee Director
shall be entitled to receive Nonqualified Stock Options in accordance with this
Section 6.

 

(a)           Initial Grant. 
Each Non-Employee Director who first becomes a member of the Board will
receive a grant of a Nonqualified Stock Option to purchase 15,000 shares of
Company Stock, immediately upon his or her becoming a member of the Board,
according to such terms as the Board, in its sole discretion, may deem
appropriate.

 

(b)           Annual Grants. 
On each date that the Company holds its annual meeting of stockholders
each Non-Employee Director in office immediately after the annual election of
directors (including any directors first elected at such meeting) will receive
a grant of a Nonqualified Stock Option to purchase 10,000 shares of Company
Stock according to such terms 

 

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as the Board, in its sole
discretion, may deem appropriate.  The
date of grant of such annual Grants shall be the date of such annual meeting of
stockholders.

 

(c)           Discretionary Grants.  In addition
to the grants provided under Sections 6(a) and 6(b), Non-Employee
Directors shall be eligible to receive grants of Nonqualified Stock Options
under the Plan at such times, in such amounts and according to such terms as
the Board, in its sole discretion, may deem appropriate.

 

(d)           Acceleration.  Upon the
occurrence of a Corporate Transaction or upon Involuntary Termination (as
defined in Section 11) of a director within thirty-six (36) months
following a Change in Control, each Nonqualified Stock Option of such director
shall automatically accelerate and become fully exercisable as to all shares
subject to such option and shall remain exercisable until the expiration of the
option term or earlier surrender of such option.

 

(e)           Except as otherwise provided in this Section 6,
the Nonqualified Stock Options granted to Non-Employee Directors shall be
subject to the provisions of this Plan applicable to Nonqualified Stock Options
granted to other persons.

 

7.             Stock Awards

 

The Committee may issue
or transfer shares of Company Stock to an Employee, or Key Advisor under a
Stock Award, upon such terms as the Committee deems appropriate.  The following provisions are applicable to
Stock Awards:

 

(a)           General Requirements. 
Shares of Company Stock issued or transferred pursuant to Stock Awards
may be issued or transferred for such cash consideration, if any, and subject
to such  restrictions, if any, as
determined by the Committee.  The Committee
may establish conditions under which restrictions on Stock Awards shall lapse
over a period of time or according to such other criteria as the Committee
deems appropriate.  The period of time
during which the Stock Award will remain subject to restrictions will be
designated in the Grant Instrument as the “Restriction Period.”

 

(b)           Number of Shares. 
Subject to the limitations set forth in Section 3, the Committee
shall determine the number of shares of Company Stock to be issued or
transferred pursuant to a Stock Award and the restrictions applicable to such
shares.

 

(c)           Requirement of Employment or Service. 
If the Grantee ceases to be employed by, or provide service to, the
Company or any of its subsidiaries or any other entity owned or controlled by
the Company, during a period designated in the Grant Instrument as the
Restriction Period, or if other specified conditions are not met, the Stock
Award shall terminate as to all shares covered by the award as to which the
restrictions have not lapsed, and those shares of Company Stock shall be
immediately forfeited and returned to the Company.  The Committee may, however, provide for
complete or partial exceptions to this requirement as it deems appropriate.

 

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(d)           Restrictions on Transfer and Legend on
Stock Certificate.  During the Restriction Period, a Grantee may
not sell, assign, transfer, pledge or otherwise dispose of the shares of the
Stock Award except to a Successor Grantee under Section 10(a).  Each certificate for Stock Awards shall
contain a legend giving appropriate notice of the restrictions in the
Grant.  The Grantee shall be entitled to
have the legend removed from the stock certificate covering the shares subject
to restrictions when all restrictions on such shares have lapsed.  The Committee may determine that the Company
will not issue certificates for Stock Awards until all restrictions on such
shares have lapsed, or that the Company will retain possession of certificates
for Stock Awards until all restrictions on such shares have lapsed.

 

(e)           Right to Vote and to Receive Dividends. 
Except as otherwise determined by the Committee and specified in the
Grant Instrument, during the Restriction Period,  the Grantee shall not have the right to vote
shares subject to Stock Awards or to receive any dividends or other
distributions paid on such shares, until all restrictions on such shares have
lapsed.

 

(f)            Lapse of Restrictions. 
All restrictions imposed on Stock Awards shall lapse upon the expiration
of the applicable Restriction Period and the satisfaction of all conditions
imposed by the Committee.  The Committee
may determine, as to any or all Stock Awards, that the restrictions shall lapse
without regard to any Restriction Period.

 

8.             Qualified Performance-Based Compensation. 
The Committee may determine that Stock Awards granted to an Employee
shall be considered “qualified performance-based compensation” under section
162(m) of the Code.  The following
provisions shall apply to Grants of Stock Awards that are to be considered “qualified
performance-based compensation” under section 162(m) of the Code:

 

(a)           Performance Goals.

 

(i)            When Stock Awards that are to be considered “qualified
performance-based compensation” are granted, the Committee shall establish in
writing (A) the objective performance goals that must be met, (B) the
performance period during which the performance will be measured, (C) the
threshold, target and maximum amounts that may be paid if the performance goals
are met, and (D) any other conditions that the Committee deems appropriate
and consistent with the Plan and section 162(m) of the Code.

 

(ii)           The business criteria may relate to the Grantee’s
business unit or the performance of the Company and its parents and subsidiaries
as a whole, or any combination of the foregoing.  The Committee shall use objectively
determinable performance goals based on one or more of the following
criteria:  stock price, earnings per
share, net earnings, operating earnings, earnings before income taxes, EBITDA
(earnings before income tax expense, interest expense, and depreciation and
amortization expense), return on assets, stockholder return, return on equity,
growth in assets, unit volume, sales or market share, or strategic business
criteria consisting of one or more objectives based on meeting specified
revenue goals, market 

 

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penetration goals,
geographic business expansion goals, cost targets or goals relating to
acquisitions or divestitures.

 

(b)           Establishment of Goals.  The Committee
shall establish the performance goals in writing either before the beginning of
the performance period or during a period ending no later than the earlier of (i) 90
days after the beginning of the performance period or (ii) the date on
which 25% of the performance period has been completed, or such other date as
may be required or permitted under applicable regulations under section 162(m) of
the Code.  The performance goals shall
satisfy the requirements for “qualified performance-based compensation,”
including the requirement that the achievement of the goals be substantially
uncertain at the time they are established and that the goals be established in
such a way that a third party with knowledge of the relevant facts could
determine whether and to what extent the performance goals have been met.  The Committee shall not have discretion to
increase the amount of compensation that is payable upon achievement of the designated
performance goals.

 

(c)           Announcement of Grants.  The Committee
shall certify and announce the results for each performance period to all
Grantees after the announcement of the Company’s financial results for the
performance period.  If and to the extent
that the Committee does not certify that the performance goals have been met,
the grants of Stock Awards for the performance period shall be forfeited or
shall not be made, as applicable.

 

(d)           Death, Disability or Other Circumstances. 
The Committee may provide that Stock Awards shall be payable or
restrictions on such Grants shall lapse, in whole or in part, in the event of
the Grantee’s death or Disability during the performance period, or under other
circumstances consistent with the Treasury regulations and rulings under
section 162(m) of the Code.

 

9.             Withholding of Taxes

 

(a)           Required Withholding. 
All Grants under the Plan shall be subject to applicable federal
(including FICA), state and local tax withholding requirements.  The Company may require that the Grantee or other
person receiving or exercising Grants pay to the Company the amount of any
federal, state or local taxes that the Company is required to withhold with
respect to such Grants, or the Company may deduct from other wages paid by the
Company the amount of any withholding taxes due with respect to such Grants.

 

(b)           Election to Withhold Shares. 
If the Committee so permits, a Grantee may elect to satisfy the Company’s
income tax withholding obligation with respect to a Grant by having shares
withheld up to an amount that does not exceed the Grantee’s minimum applicable
withholding tax rate for federal (including FICA), state and local tax
liabilities.  The election must be in a
form and manner prescribed by the Committee and may be subject to the prior
approval of the Committee.

 

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10.           Transferability
of Grants

 

(a)           Nontransferability of Grants. 
Except as provided below, only the Grantee may exercise rights under a
Grant during the Grantee’s lifetime.  A
Grantee may not transfer those rights except by will or by the laws of descent
and distribution or, with respect to Grants other than Incentive Stock Options,
if permitted in any specific case by the Committee, pursuant to a domestic
relations order (as defined under the Code or Title I of the Employee
Retirement Income Security Act of 1974, as amended, or the regulations
thereunder).  When a Grantee dies, the
personal representative or other person entitled to succeed to the rights of
the Grantee (“Successor Grantee”) may exercise such rights.  A Successor Grantee must furnish proof
satisfactory to the Company of his or her right to receive the Grant under the
Grantee’s will or under the applicable laws of descent and distribution.

 

(b)           Transfer of Nonqualified Stock Options. Notwithstanding the foregoing, the
Committee may provide, in a Grant Instrument, that a Grantee may transfer
Nonqualified Stock Options to family members, or one or more trusts or other
entities for the benefit of or owned by 
family members, consistent with applicable securities laws, according to
such terms as the Committee may determine; provided that the Grantee receives
no consideration for the transfer of an Option and the transferred Option shall
continue to be subject to the same terms and conditions as were applicable to
the Option immediately before the transfer.

 

11.           Certain
Corporate Transactions and Changes of Control

 

(a)           Change of Control.  As used in Section 11(d) below,
a “Change of Control” shall be deemed to have occurred if there is a change in
ownership or control of the Company effected through either of the following
transactions:

 

(i)            the direct or indirect acquisition by any person or
related group of persons (other than the Company or a person that directly or
indirectly controls, is controlled by, or is under common control with, the
Company) of beneficial ownership (within the meaning of Rule 13d-3 of the
Exchange Act) of securities possessing more than thirty percent (30%) of the
combined voting power of the Company’s outstanding securities pursuant to a
tender or exchange offer made directly to the Company’s stockholders which the
Board does not recommend such stockholders to accept; or

 

(ii)           a change in the composition of the Board over a period
of twenty-four (24) months or less such that a majority of the Board members
ceases, by reason of one or more contested elections for Board membership, to
be comprised of individuals who either (x) have been Board members
continuously since the beginning of such period, or (y) have been elected
or nominated for election as Board members during such period by at least a
majority of the Board members described in clause (x) who were still in
office at the time such election or nomination was approved by the Board.

 

(b)           Corporate Transaction.  As used in Section 11(d) below,
“Corporate Transaction” shall mean either of the following stockholder-approved
transactions to which the Company is a party:

 

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(i)            a merger or consolidation in which securities
possessing more than fifty percent (50%) of the combined voting power of the
Company’s outstanding securities are transferred to a person or persons
different from the persons holding those securities immediately prior to such
transaction, or

 

(ii)           the sale, transfer or other disposition of more than
75% of the Company’s assets in a single or related series of transactions.

 

(c)           Involuntary Termination.  As used in Section 11(d) below,
“Involuntary Termination” shall mean the termination of the service of any
Grantee of the Company or any successor thereto which occurs by reason of:

 

(i)            such individual’s involuntary dismissal or discharge
by the Company or the successor thereto for reasons other than Misconduct (as
defined below), or

 

(ii)           such individual’s voluntary resignation, in either
case following:

 

(A)          a change in his or her position with the Company or
the successor thereto which materially reduces his or her level of
responsibility,

 

(B)           a reduction in his or her level of compensation
(including base salary, significant fringe benefits or any non-discretionary
and objective-standard incentive payment or bonus award) by more than ten
percent (10%) in the aggregate; or

 

(C)           a relocation of such individual’s place of employment
by more than fifty (50) miles, only if such change, reduction or relocation is
effected by the Company or the successor thereto without the individual’s
consent.

 

For purposes of this
definition, the term “Misconduct” means the commission of any act of
fraud, embezzlement or dishonesty by the Grantee, any unauthorized use or
disclosure by such individual of confidential information or trade secrets of
the Company or its successor, or any other intentional misconduct by such
individual adversely affecting the business or affairs of the Company or its
successor in a material manner.  The
foregoing definition shall not be deemed to be inclusive of all the acts or
omissions which the Company or its successor may consider as grounds for the dismissal
or discharge of any Grantee or its successor.

 

(d)           Consequences of Certain Corporate Transactions and
Changes of Control

 

(i)            In the event of any Corporate Transaction, each Option
which is at the time outstanding under this Plan and each Stock Award to which
the restrictions have not lapsed shall automatically accelerate so that each
such Option shall, immediately prior to the specified effective date for such
Corporate Transaction, become fully exercisable with respect to the total
number of shares of Common Stock at the time subject to such Option and may be
exercised for all or any portion of such shares as fully-vested shares and all
restrictions applicable to the shares of Common Stock subject to such Stock
Award shall lapse.  However, the vesting
of an 

 

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outstanding Grant under
this Plan shall not so accelerate nor shall the restrictions so lapse  if and to the extent:

 

(A)          such Grant is, in connection with such Corporate
Transaction, either to be assumed by the successor corporation or parent
thereof or to be replaced with an option or stock award for shares of the
capital stock of the successor corporation or parent thereof having comparable
value and terms;

 

(B)           such Grant is to be replaced with a cash incentive
option or award of the successor corporation which preserves the Option spread
or Stock Award value existing at the time of such Corporate Transaction and
provides for subsequent payout in accordance with the same terms and
conditions, including without limitation, the same vesting schedule applicable
to such Grant;

 

(C)           such Grant is to be replaced by a grant under another
incentive program which the Committee determines is reasonably equivalent in
value; or

 

(D)          the acceleration of the vesting period under such
Option or the lapse of restrictions with respect to such Stock Award is subject
to other limitations imposed by the Committee at the time of the Grant.  The determination of comparability under
clauses 10(d)(i)(A), (B) or (C) above shall be made by the Committee,
and its determination shall be final, binding and conclusive.

 

(ii)           Upon a Grantee’s cessation of service by reason of an
Involuntary Termination within thirty-six (36) months after a Corporate
Transaction in which his or her outstanding options or grants are assumed or
replaced pursuant to clause 10(d)(i)(A), (B) or (C) above, each such
option or grant under clause 10(d)(i)(A) shall automatically accelerate
and become fully exercisable and all restrictions applicable to such grants
shall lapse, with respect to the total number of shares of stock at the time
subject to such option or grant and the cash incentive program under clause
10(d)(i)(B) or other incentive program under clause 10(d)(i)(C) shall
become fully vested.  In addition, upon a
Grantee’s cessation of service by reason of an Involuntary Termination within
36 months after a Change of Control, each Option shall automatically accelerate
and become fully exercisable and all restrictions applicable to Stock Awards
shall lapse, with respect to the total number of shares of Company Stock at the
time subject to such Grant.  The Option
as so accelerated shall remain exercisable until the earlier of the
expiration of the option term or the expiration of the one (1)-year period
measured from the date of such Involuntary Termination.

 

(iii)          Immediately following the consummation of a Corporate
Transaction, all outstanding Grants under this Plan shall terminate and cease
to remain outstanding, except to the extent assumed by the successor
corporation or its parent company.

 

(iv)          Each outstanding Grant under this Plan that is assumed
in connection with a Corporate Transaction shall be appropriately adjusted,
immediately after such Corporate Transaction, to apply and pertain to the
number and class of securities which would have been 

 

11

 

issued to the Grantee,
upon consummation of such Corporate Transaction, had (in the case of an Option)
such person exercised the Option immediately prior to such Corporate Transaction.  In the case of an Option, appropriate
adjustments shall also be made to the exercise price payable per share, provided
the aggregate exercise price payable for such securities shall remain the
same.  In addition, the class and number
of shares available for issuance under the Plan on both an aggregate and
participant basis following the consummation of such Corporate Transaction
shall be appropriately adjusted.

 

(v)           The provisions of Section 11(d)(i) shall not
operate as a limitation on the Committee’s discretionary authority, exercisable
either at the time of the Grant or at any time while the Grant remains
outstanding, to provide for the automatic acceleration of one or more
outstanding Options, or the lapse of all restrictions applicable to a Stock Award
upon the occurrence of any change in the Company’s organization, ownership or
structure not otherwise within the definition of a Corporate Transaction or a
Change of Control. The Committee also shall have full power and authority to
condition any such option acceleration, restriction lapse and the termination
of any outstanding repurchase rights upon the Grantee’s cessation of service by
reason of an Involuntary Termination within a specified period following any
such event.  Any Options accelerated in
connection with any such event shall remain fully exercisable until the
expiration or sooner termination of the option term or the surrender of such
option.

 

(vi)          The acceleration or substitution of Grants under this Section 11
shall in no way affect the right of the Corporation to adjust, reclassify,
reorganize or otherwise change its capital or business structure or to merge,
consolidate, dissolve, liquidate or sell or transfer all or any part of its
business or assets.

 

(vii)         The portion of any Incentive Stock Option accelerated
under this Section 11(d) in connection with a Corporate Transaction
or Change of Control intended to comply with section 424 of the Code shall
remain exercisable as an incentive stock option under the Federal tax laws only
to the extent the dollar limitation specified in Section 5(f) is not
exceeded.  To the extent such dollar
limitation is exceeded, such option shall be exercisable as a nonqualified
stock option under the Federal tax laws.

 

12

 

12.           Limitations on Issuance or Transfer of Shares.

 

No Company Stock shall be
issued or transferred in connection with any Grant hereunder unless and until
all legal requirements applicable to the issuance or transfer of such Company
Stock have been complied with to the satisfaction of the Committee.  The Committee shall have the right to
condition any Grant made to any Grantee hereunder on such Grantee’s undertaking
in writing to comply with such restrictions on his or her subsequent disposition
of such shares of Company Stock as the Committee shall deem necessary or
advisable, and certificates representing such shares may be legended to reflect
any such restrictions.  Certificates
representing shares of Company Stock issued or transferred under the Plan will
be subject to such stop-transfer orders and other restrictions as may be
required by applicable laws, regulations and interpretations, including any
requirement that a legend be placed thereon.

 

13.           Amendment and Termination of the Plan

 

(a)           Amendment.  The Board may
amend or terminate the Plan at any time; provided, however, that the Board
shall not amend the Plan without stockholder approval if such approval is
required in order to comply with the Code or other applicable laws, or to comply
with applicable stock exchange requirements.

 

(b)           Stockholder Re-Approval Requirement. 
If Stock Awards are granted as “qualified performance-based compensation”
under Section 8 above, the Plan must be reapproved by the stockholders no
later than the first stockholders meeting that occurs in the fifth year following
the year in which the stockholders previously approved the provisions of Section 8,
if required by section 162(m) of the Code or the regulations thereunder.

 

(c)           Termination of Plan. 
The Plan shall terminate on the day immediately preceding the tenth
anniversary of February 5, 2004, unless the Plan is terminated earlier by
the Board or is extended by the Board with the approval of the stockholders.

 

(d)           Termination and Amendment of Outstanding
Grants.  A termination or amendment of the Plan that
occurs after a Grant is made shall not materially impair the rights of a
Grantee unless the Grantee consents or unless the Committee acts under Section 19(b).  The termination of the Plan shall not impair
the power and authority of the Committee with respect to an outstanding
Grant.  Whether or not the Plan has
terminated, an outstanding Grant may be terminated or amended under Section 19(b) or
may be amended by agreement of the Company and the Grantee consistent with the
Plan, so long as no previously granted Option is repriced, replaced, or
regranted through cancellation, or by lowering the Exercise Price of a
previously granted Option, unless the stockholders of the Company provide prior
approval.

 

(e)           Governing Document. 
The Plan shall be the controlling document.  No other statements, representations,
explanatory materials or examples, oral or written, may amend the Plan in any
manner.  The Plan shall be binding upon
and enforceable against the Company and its successors and assigns.

 

13

 

14.           Funding of the Plan

 

This Plan shall be
unfunded.  The Company shall not be
required to establish any special or separate fund or to make any other
segregation of assets to assure the payment of any Grants under this Plan.  In no event shall interest be paid or accrued
on any Grant, including unpaid installments of Grants.

 

15.           Rights of Participants

 

Nothing in this Plan
shall entitle any Employee, Key Advisor, Non-Employee Director or other person
to any claim or right to be granted a Grant under this Plan.  Neither this Plan nor any action taken
hereunder shall be construed as giving any individual any rights to be retained
by or in the employ of the Company or any other employment rights.

 

16.           No Fractional Shares

 

No fractional shares of
Company Stock shall be issued or delivered pursuant to the Plan or any
Grant.  The Committee shall determine
whether cash, other awards or other property shall be issued or paid in lieu of
such fractional shares or whether such fractional shares or any rights thereto
shall be forfeited or otherwise eliminated.

 

17.           Headings

 

Section headings are
for reference only.  In the event of a
conflict between a title and the content of a Section, the content of the Section shall
control.

 

18.           Effective Date of the Plan.

 

Subject to approval by
the Company’s stockholders, the Plan, as hereby amended and restated, shall be
effective as of May 23, 2008.

 

19.           Miscellaneous

 

(a)           Grants in Connection with Corporate
Transactions, Changes of Control and Otherwise.  Nothing
contained in this Plan shall be construed to (i) limit the right of the
Committee to make Grants under this Plan in connection with the acquisition, by
purchase, lease, merger, consolidation or otherwise, of the business or assets
of any corporation, firm or association, including Grants to employees thereof
who become Employees of the Company, or for other proper corporate purposes, or
(ii) limit the right of the Company to grant stock options or make other
awards outside of this Plan.  Without
limiting the foregoing, the Committee may make a Grant to an employee of
another corporation who becomes an Employee by reason of a corporate merger, consolidation,
acquisition of stock or property, reorganization or liquidation involving the
Company or any of its subsidiaries in substitution for a stock option or Stock
Award grant made by such corporation. 
The terms and conditions of the substitute grants may 

 

14

 

vary from the terms and
conditions required by the Plan and from those of the substituted stock
incentives.  The Committee shall
prescribe the provisions of the substitute grants.

 

(b)           Compliance with Law. 
The Plan, the exercise of Options and the obligations of the Company to
issue or transfer shares of Company Stock under Grants shall be subject to all
applicable laws and to approvals by any governmental or regulatory agency as
may be required.  With respect to persons
subject to section 16 of the Exchange Act, it is the intent of the Company that
the Plan and all transactions under the Plan comply with all applicable
provisions of Rule 16b-3 or its successors under the Exchange Act.  In addition, it is the intent of the Company
that Incentive Stock Options comply with the applicable provisions of section
422 of the Code, that Grants of “qualified performance-based compensation”
comply with the applicable provisions of section 162(m) of the Code and
that, to the extent applicable, Grants comply with the requirements of section
409A of the Code.  To the extent that any
legal requirement of section 16 of the Exchange Act or section 422, 162(m) or
409A of the Code as set forth in the Plan ceases to be required under section
16 of the Exchange Act or section 422, 162(m) or 409A of the Code, that
Plan provision shall cease to apply.  The Committee may revoke any Grant
if it is contrary to law or modify a Grant to bring it into compliance with any
valid and mandatory government regulation, so long as no previously granted
Option is repriced, replaced, or regranted through cancellation, or by lowering
the Exercise Price of a previously granted Option, unless the stockholders of
the Company provide prior approval.  The
Committee may also adopt rules regarding the withholding of taxes on
payments to Grantees.  The Committee may,
in its sole discretion, agree to limit its authority under this Section.

 

(c)           Governing Law. 
The validity, construction, interpretation and effect of the Plan and
Grant Instruments issued under the Plan shall be governed and construed by and
determined in accordance with the laws of the Commonwealth of Pennsylvania,
without giving effect to the conflict of laws provisions thereof.

 

15EXHIBIT 10.1

 

THIS
LETTER  AGREEMENT (“Letter Agreement”)
effective December 1, 2007 by and among Allstate Insurance Company (“AIC”),
The Allstate Corporation (“Allcorp”) and those affiliates of AIC whose
signatures appear below (“Certain Affiliates”). 
AIC, Allcorp, and Certain Affiliates are referred to herein collectively
as the “Affiliates.”

 

WHEREAS, the
Affiliates have entered into certain agreements among themselves on various
dates that make reference to the “monthly intercompany settlement process” with
regard to the timing of payments under such agreements (as listed in Exhibit A
attached hereto, the “Agreements”); and

 

WHEREAS, in order to
ensure compliance with Statement of Statutory Accounting Principles No. 96
— Settlement Requirements for Intercompany Transactions, the parties desire to
specify the meaning of the “monthly intercompany settlement process” in this
Letter Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants, representations, warranties, and
agreements contained herein, and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be
bound hereby, the parties agree as follows:

 

1.
The parties hereby agree that references to the “monthly intercompany settlement
process” in the Agreements shall mean the following:

 

a.     All intercompany account receivable
balances greater than or equal to $1 million between Affiliates where one or
more of the Affiliates is an insurance company will be settled no less
frequently than monthly on the last day of the month using the previous month’s
ending balance.

 

b. All other intercompany account receivable balances between Affiliates will
be settled no less frequently than quarterly on the last day of each quarter
using the previous month’s ending balances, provided, however, that all
balances (payable or receivable) with Allstate Financial Services, LLC will be
settled monthly in accordance with 1.a.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Letter
Agreement as of the day and year first set forth above.

 

	
  ALLSTATE
  INSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  
	
  Title:

  	
  Group Vice President and Controller

  
				

 

 

 

	
   

  	
   

  	
   

  
	
  THE ALLSTATE CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Controller, Vice President and

  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALFS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Joseph P. Rath

  	
   

  
	
   

  	
  Joseph
  P. Rath

  	
   

  
	
  Title:

  	
  Vice President, General Counsel

  	
   

  
	
   

  	
  and Assistant Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALIC REINSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE ASSIGNMENT COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE ASSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE COUNTY MUTUAL INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
						

 

 

2

 

	
   

  	
   

  	
   

  
	
  ALLSTATE DISTRIBUTORS, L.L.C.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Joseph P. Rath

  	
   

  
	
   

  	
  Joseph
  P. Rath

  	
   

  
	
  Title:

  	
  Vice President, General Counsel

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE FINANCIAL ADVISORS, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Joseph P. Rath

  	
   

  
	
   

  	
  Joseph
  P. Rath

  	
   

  
	
  Title:

  	
  Vice President, General Counsel

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE FINANCIAL CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  President and Chief Executive Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE FINANCIAL SERVICES, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Joseph P. Rath

  	
   

  
	
   

  	
  Joseph
  P. Rath

  	
   

  
	
  Title:

  	
  Vice President, General Counsel

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE FINANCIAL, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  President and Chief Executive Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE FIRE AND CASUALTY INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  

 

3

 

	
   

  	
   

  	
   

  
	
  ALLSTATE FLORIDIAN INDEMNITY COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE FLORIDIAN INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE INDEMNITY COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE INSURANCE COMPANY OF CANADA

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  F. James Harvey

  	
   

  
	
   

  	
  F.
  James Harvey

  	
   

  
	
  Title:

  	
  Vice President, Chief Financial Officer

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE INTERNATIONAL INSURANCE HOLDINGS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Karen C. Gardner

  	
   

  
	
   

  	
  Karen
  C. Gardner

  	
   

  
	
  Title:

  	
  Senior Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE INVESTMENT MANAGEMENT COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Mary J. McGinn

  	
   

  
	
   

  	
  Mary
  J. McGinn

  	
   

  
	
  Title:

  	
  Vice President, General Counsel

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  

 

4

 

	
   

  	
   

  	
   

  
	
  ALLSTATE INVESTMENTS, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Mary J. McGinn

  	
   

  
	
   

  	
  Mary
  J. McGinn

  	
   

  
	
  Title:

  	
  Vice President, General Counsel

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE MOTOR CLUB, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE NEW JERSEY INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE NEW JERSEY PROPERTY AND CASUALTY INSURANCE
  COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  

 

5

 

	
   

  	
   

  	
   

  
	
  ALLSTATE NON-INSURANCE HOLDINGS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE NORTH AMERICAN INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE PROPERTY AND CASUALTY INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE REINSURANCE LTD.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Karen C. Gardner

  	
   

  
	
   

  	
  Karen
  C. Gardner

  	
   

  
	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE SETTLEMENT CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLSTATE TEXAS LLOYD’S

  	
   

  	
   

  
	
  By: 

  	
  ALLSTATE TEXAS LLOYD’S, INC.

  Its attorney-in-fact

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
					

 

6

 

	
   

  	
   

  	
   

  
	
  AMERICAN HERITAGE LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AMERICAN HERITAGE LIFE INVESTMENT CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AMERICAN HERITAGE SERVICE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Karen C. Gardner

  	
   

  
	
   

  	
  Karen
  C. Gardner

  	
   

  
	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CHARTER NATIONAL LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CONCORD HERITAGE LIFE INSURANCE COMPANY, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEERBROOK GENERAL AGENCY, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  

 

7

 

	
   

  	
   

  	
   

  
	
  DEERBROOK INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  E.R.J. INSURANCE GROUP, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Karen C. Gardner

  	
   

  
	
   

  	
  Karen
  C. Gardner

  	
   

  
	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS FLORIDIAN INDEMNITY COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS FLORIDIAN INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS HOME AND AUTO INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS INDEMNITY COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  

 

8

 

	
   

  	
   

  	
   

  
	
  ENCOMPASS INDEPENDENT INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS INSURANCE COMPANY OF AMERICA

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS INSURANCE COMPANY OF MASSACHUSETTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS INSURANCE COMPANY OF NEW JERSEY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENCOMPASS PROPERTY AND CASUALTY COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  

 

9

 

	
   

  	
   

  	
   

  
	
  ENCOMPASS PROPERTY AND CASUALTY INSURANCE COMPANY OF
  NEW JERSEY

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  FIRST COLONIAL INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  INTRAMERICA LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  IVANTAGE SELECT AGENCY, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  KENNETT CAPITAL HOLDINGS, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  KENNETT CAPITAL, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Steven C. Verney

  	
   

  
	
   

  	
  Steven
  C. Verney

  	
   

  
	
  Title:

  	
  Treasurer

  	
   

  
	
   

  	
   

  	
   

  

 

10

 

	
   

  	
   

  	
   

  
	
  KENNETT CAPITAL PARTNERS, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  LINCOLN BENEFIT LIFE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NORTHBROOK INDEMNITY COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NORTHBROOK SERVICES, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PAFCO INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  F. James Harvey

  	
   

  
	
   

  	
  F.
  James Harvey

  	
   

  
	
  Title:

  	
  Vice President, Chief Financial Officer

  	
   

  
	
   

  	
  and Corporate Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PEMBRIDGE AMERICA INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  

 

11

 

	
   

  	
   

  	
   

  
	
  PEMBRIDGE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  F. James Harvey

  	
   

  
	
   

  	
  F.
  James Harvey

  	
   

  
	
  Title:

  	
  Vice President, Chief Financial Officer

  	
   

  
	
   

  	
  and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ROADWAY PROTECTION AUTO CLUB, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  STERLING COLLISION CENTERS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SURETY LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TECH-COR, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Samuel H. Pilch

  	
   

  
	
   

  	
  Samuel
  H. Pilch

  	
   

  
	
  Title:

  	
  Group Vice President

  	
   

  
	
   

  	
  and Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THE ALLSTATE FOUNDATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Steven C. Verney

  	
   

  
	
   

  	
  Steven
  C. Verney

  	
   

  
	
  Title:

  	
  Treasurer

  	
   

  
	
   

  	
   

  	
   

  

 

12

 

Exhibit A

 

List of Agreements

 

1.               Service
Agreement between Allstate Insurance Company and Allstate Financial Services,
LLC, effective August 1, 1999

 

2.               Amended and Restated Service
and Expense Agreement among Allstate Insurance Company, The Allstate
Corporation and certain affiliates, effective January 1, 2004

 

3.               Master Service Agreement
between Allstate Insurance Company and American Heritage Life Insurance
Company, effective January 1, 2003

 

 

13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]