Document:

EX-10.1

EXHIBIT 10.1

FIRST AMENDMENT TO THE ORIGEN FINANCIAL, LLC

ENDORSEMENT SPLIT-DOLLAR PLAN

     This First Amendment to the Origen Financial, LLC Endorsement Split-Dollar Plan (this
“Amendment”) is made by Origen Financial, LLC, a Delaware limited liability company (the “Company”)
on December 15, 2008. Capitalized terms used but not defined herein shall have the meanings set
forth in the Origen Financial, LLC Endorsement Split-Dollar Plan, as amended (the “Plan”).

RECITALS:

     A. The Company maintains the Plan for the benefit of a select group of management or highly
compensated employees to provide life insurance benefits in the event of the employee’s death.

     B. The Internal Revenue Service issued final regulations regarding the application of Internal
Revenue Code (“Code”) section 409A to nonqualified deferred compensation plans, including
split-dollar life insurance arrangements, with an effective date of January 1, 2008.

     C. Because the Plan is subject to Code section 409A, the Company desires to amend the Plan to
meet the requirements of Code section 409A and the accompanying final regulations.

     D. Under Section 16 of the Plan, the Company may amend the Plan if the amendment does not
adversely affect a Participant or Beneficiary’s entitlement to benefits previously accrued.

     E. This Amendment shall supersede the provisions of the Plan to the extent those provisions
are inconsistent with the provisions of this Amendment.

     Now, therefore, effective as of December 31, 2007, the Plan is hereby amended as follows:

     1. Section 11, entitled “Termination of this Plan for All Participants, and Termination of an
Employee’s Participation,” is hereby amended by the addition of the following opening sentence:

	 	 	 	“The termination of an Employee’s participation in this Plan pursuant to this
section 11 shall not cause the acceleration of any distribution to such Employee
under this Plan or under the Capital Accumulation Plan (defined below).”

     2. Section 11(b) is deleted in its entirety.

     3. Section 13, entitled “Termination of Employee’s Participation and Forfeiture of Company’s
Interest if Company Misses a Premium,” is deleted in its entirety and replaced with the following:

 

 

	 	 	 	“13. Termination of Employee’s Participation if Company Fails to Pay a
Premium . If the Company fails to pay a premium on a Policy on an Employee’s life
within sixty (60) days of the due date (as extended for any grace period), such
Employee’s participation in this Plan shall terminate.”

     4. Unless otherwise modified by this Amendment, all provisions of the Plan shall remain in
full force and effect. Copies (whether photostatic, facsimile or otherwise) of this Amendment may
be made and relied upon to the same extent as an original.

     In witness whereof, the Company has executed this First Amendment to the Origen Financial, LLC
Endorsement Split-Dollar Plan on the date first above written.

	 	 	 	 	 
	 	Origen Financial, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Ronald A. Klein
 	 
	 	 	Ronald A. Klein, ManagerEX-10.2

EXHIBIT 10.2

SECOND AMENDMENT TO THE ORIGEN FINANCIAL, LLC

CAPITAL ACCUMULATION PLAN

     This Second Amendment to the Origen Financial, LLC Capital Accumulation Plan (this
“Amendment”) is made by Origen Financial, LLC, a Delaware limited liability company (the “Company”)
on December 15, 2008. Capitalized terms used but not defined herein shall have the meanings set
forth in the Origen Financial, LLC Capital Accumulation Plan, (the “Plan”).

RECITALS:

     A. The Company maintains the Plan, a nonqualified deferred compensation plan, for the benefit
of a select group of management or highly compensated employees. Under Section 9 of the Plan the
Company may amend the Plan provided that the amendment does not adversely affect a Participant’s
entitlement to vested benefits.

     B. The Internal Revenue Service issued final regulations regarding the application of Internal
Revenue Code (“Code”) section 409A to nonqualified deferred compensation plans, with an effective
date of January 1, 2008.

     C. Because the Plan is subject to Code section 409A, the Company desires to amend the Plan to
meet the requirements of Code section 409A and the accompanying final regulations.

     D. This Amendment shall supersede the provisions of the Plan to the extent those provisions
are inconsistent with the provisions of this Amendment.

     Now, therefore, effective as of December 31, 2007, the Plan is hereby amended as follows:

     1. Subsection 6(e), entitled “Obligation of the Company Under This Plan if the Company
Forfeits its Interest in Split-Dollar Plan,” is hereby deleted in its entirety and replaced with
the following:

	 	 	 	“e. Obligation of the Company under this Plan if the Company if Life Insurance
Policy Terminates for Nonpayment of Premiums . In the event that the life
insurance policy insuring a Participant (the ‘Policy’) lapses because the Company
failed to make premium payments as described in Section 13 of that certain Origen
Financial, LLC Endorsement Split-Dollar Plan dated November 14, 2001 (the
‘Split-Dollar Plan’), such Participant’s maximum benefit under this Plan shall be
equal to the then vested portion of the Participant’s Target Benefit Amount.
Distributions under this section 6(e) will be made in accordance with the specified
payment dates in this Section 6.”

     2. Section 6, entitled “Benefit Amounts and Timing of Payments,” is hereby amended by adding
the following new subsection j:

	 	 	 	     “j. Deadline for Specified Payment Date . Payments under this Section 6
are intended to be paid on a specified date. Participants shall not have the right
to designate the taxable year in which the vested portion of his or her

 

 

	 	 	 	Target Benefit Amount will be paid should any applicable 60-day or 90-day designated
payment period under this Section 6 cross into the next taxable year.”

     3. Section 9, entitled “Amendment,” is hereby amended by changing its section heading to
“Amendment and Termination” and amended further by the addition of the following to the end of
Section 9:

	 	 	 	     “In the event the Plan is terminated, distributions of the vested portion of a
Participant’s Target Benefit Amount may be distributed earlier than the specified
payment dates in Section 6 above if all the following requirements are satisfied:

	 	 	a.	 	all nonaccount balance (defined benefit type)
nonqualified deferred compensation plans maintained by the Company, and
any member of its controlled group (as defined in Code section 414),
must be terminated;

	 	 	b.	 	distributions on account of the Plan’s termination may
not be made earlier than 12 months after all action necessary to make
the termination effective has been completed; and
	 
	 	 	c.	 	all distributions must be completed no later than 24
months after the date of the Plan’s termination.”

     4. Payments Made on Account of Separation from Service . In the event that the Plan
provides for a payment of the vested portion of an Employee’s Target Benefit Amount on account of
the Employee’s separation from service with the Company for a reason other than death, such payment
shall not be made until the six- (6-) month anniversary of the separation date, or, if earlier, the
date of death of the Employee. Notwithstanding the prior sentence, a payment may be made prior to
the date which is six (6) months after the date of separation from service if made to the extent
necessary to fulfill a domestic relations order (as defined in section 414(p)(1)(B) of the Code).

     5. Unless otherwise modified by this Amendment, all provisions of the Plan shall remain in
full force and effect. Copies (whether photostatic, facsimile or otherwise) of this Amendment may
be made and relied upon to the same extent as an original.

     In witness whereof, the Company has executed this Second Amendment to the Origen Financial,
LLC Capital Accumulation Plan on the date first above written.

	 	 	 	 	 
	 	Origen Financial, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Ronald A. Klein
 	 
	 	 	Ronald A. Klein, ManagerEX-10.1

Exhibit 10.1

THOR INDUSTRIES, INC.

2008 ANNUAL INCENTIVE PLAN

          1. Purposes. The purposes of this Plan are to provide an incentive to executive
officers and other selected key executives of the Company to contribute to the growth,
profitability and increased stockholder value of the Company, to retain such executives and
endeavor to qualify the compensation paid under the Plan for tax deductibility under Section 162(m)
of the Code.

          2. Definitions. For purposes of the Plan, the following terms shall be defined as set
forth below:

     (a) “Award” shall mean, with respect to a Performance Period, that portion of the
Pre-Tax Profits payable to a Participant as determined pursuant to Section 4(a).

     (b) “Board” shall mean the Company’s Board of Directors.

     (c) “Code” shall mean the U.S. Internal Revenue Code of 1986, as amended from time to
time, including any authoritative guidance and regulations thereunder and successor
provisions thereto.

     (d) “Committee” shall mean a committee composed of at least two members of the Board
who qualify as “outside directors” within the meaning of Section 162(m) of the Code.

     (e) “Company” shall mean Thor Industries, Inc. and any entity that succeeds to all or
substantially all of its business.

     (f) “Effective Date” shall mean the date the Plan is adopted by the Board, subject to
approval of the Company’s stockholders.

     (g) “Eligible Employee” shall mean each executive officer of the Company, including
those employed by subsidiaries, and other key executives of the Company selected by the
Committee.

     (h) “Fiscal Quarter” shall mean a quarter of a Fiscal Year.

     (i) “Fiscal Year” shall mean the fiscal year of the Company which commences on August 1
and ends on July 31.

     (j) “Participant” shall mean an Eligible Employee designated by the Committee to
participate in the Plan for a designated Performance Period.

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     (k) “Performance Goal” shall mean, with respect to each Performance Period, Pre-Tax
Profits of $15,000,000.

     (l) “Performance Period” shall mean a Fiscal Quarter.

     (m) “Plan” shall mean this Thor Industries, Inc. 2008 Annual
Incentive Plan, as amended from time to time.

     (n) “Pre-Tax Profits” shall mean consolidated pre-tax profits of the Company.

          3. Administration.

     (a) Authority. The Plan shall be administered by the Committee. Subject to
the provisions of the Plan and applicable law, the Committee shall have the power, in
addition to other express powers and authorizations conferred on the Committee by the Plan,
to: (i) designate Participants; (ii) determine the terms and conditions of any Award; (iii)
determine whether, to what extent, and under what circumstances Awards may be canceled,
forfeited, or suspended and the method or methods by which Awards may be canceled,
forfeited, or suspended; (iv) interpret, administer, reconcile any inconsistency, correct
any defect and/or supply any omission in the Plan and any instrument or agreement relating
to, or Award granted under, the Plan; (v) establish, amend, suspend, or waive any rules and
regulations; and (vi) make any other determination and take any other action that the
Committee deems necessary or desirable for the administration of the Plan.

     (b) Manner of Exercise of Committee Authority. The Committee may delegate its
responsibility with respect to the administration of the Plan to one or more officers of the
Company, to one or more members of the Committee or to one or more members of the Board;
provided, however, that the Committee may not delegate its responsibility
(i) to make Awards to executive officers of the Company; (ii) to make Awards which are
intended to constitute “qualified performance-based compensation” under Section 162(m) of
the Code; or (iii) to certify the satisfaction of Performance Goals pursuant to Section 4(c)
in accordance with Section 162(m) of the Code. The Committee may also appoint agents to
assist in the day-to-day administration of the Plan and may delegate the authority to
execute documents under the Plan to one or more members of the Committee or to one or more
officers of the Company.

     (c) Limitation of Liability. The Committee may appoint agents to assist it in
administering the Plan. The Committee and each member thereof shall be entitled to, in good
faith, rely or act upon any report or other information furnished to him or her by any
officer or employee of the Company, the Company’s independent certified public accountants,
consultants or any other agent assisting in the administration of the Plan. Members of the
Committee and any officer or employee of the Company acting at the direction or on behalf of
the Committee shall not be personally liable for any action or determination taken or made
in good faith with respect to the Plan, and shall, to the

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extent permitted by law, be fully indemnified and protected by the Company with respect to any such
action or determination.

          4. Awards.

     (a) Allocation of Awards. Prior to, or reasonably promptly following the
inception of, a Performance Period but, to the extent required by Section 162(m) of the
Code, by no later than the day prior to the date on which twenty-five percent (25%) of the
Performance Period has elapsed, the Committee shall allocate in writing, on behalf of each
Eligible Employee designated as a Participant eligible to receive an Award pursuant to the
Plan for such Performance Period, the portion of Pre-Tax Profits (not to exceed 3% on behalf
of any Participant), if any, to be paid to such Participant with respect to the Performance
Period if the Performance Goal is achieved. With respect to any single Participant, the
maximum Award that shall be paid with respect to any Performance Period shall be $5,000,000.

     (b) Adjustments. The Committee is authorized at any time during or after a
Performance Period to reduce or eliminate an Award allocated to any Participant for any
reason, including, without limitation, changes in the position or duties of any Participant
with the Company during or after a Performance Period, whether due to any termination of
employment (including death, disability, retirement, voluntary termination, or termination
with or without cause) or otherwise; provided, that, no such reduction or
elimination will increase the amount otherwise payable to any other Participant if such
action would cause the Awards to fail to qualify as “qualified performance-based
compensation” under Section 162(m) of the Code, as determined by the Committee. In
addition, to the extent necessary to preserve the intended economic effects of the Plan to
the Company and the Participants, the Committee shall adjust the calculation of Pre-Tax
Profits and Awards and the allocation thereof to take into account: (i) a change in
corporate capitalization, (ii) a corporate transaction, such as any merger of the Company or
any subsidiary into another corporation, any consolidation of the Company or any subsidiary
into another corporation, any separation of the Company or any subsidiary (including a
spin-off or the distribution of stock or property of the Company or any subsidiary), any
reorganization of the Company or any subsidiary (whether or not such reorganization comes
within the definition of Section 368 of the Code), (iii) any partial or complete liquidation
of the Company or any subsidiary or a large, special and non-recurring dividend paid or
distributed by the Company, or (iv) a change in accounting or other relevant rules or
regulations; provided, however, that no adjustment hereunder shall be
authorized or made if and to the extent that the Committee determines that such authority or
the making of such adjustment would cause the Awards to fail to qualify as “qualified
performance-based compensation” under Section 162(m) of the Code.

     (c) Payment of Awards.

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     (i) Following the completion of each Performance Period, the Committee shall certify in
writing, in accordance with the requirements of Section 162(m) of the Code, the achievement
of the Performance Goal and the Awards payable to Participants. Unless the Committee
determines otherwise, no amounts shall be paid with respect to Awards for a Performance
Period until the Performance Period has ended and the Committee has made the certification
required by this Section 4(c)(i).

     (ii) Except as provided below, as soon as practicable following the Committee’s
certification pursuant to Section 4(c)(i) for the applicable Performance Period, each
Participant shall receive payment, in a cash lump sum, of his or her Award. In no event
shall such payment be made later than 2 1/2 months following the date the Committee certifies
that the Performance Goal has been achieved.

          5. General Provisions.

     (a) Termination of Employment. In the event a Participant terminates
employment for any reason during a Performance Period or prior to the Award payment, he or
she shall not be entitled to receive any Award for such Performance Period.

     (b) Taxes. The Company is authorized to withhold from any Award granted, any
payment relating to an Award under the Plan, or any payroll or other payment to a
Participant, amounts of withholding and other taxes due in connection with any transaction
involving an Award, and to take such other action as the Committee may deem advisable to
enable the Company and Participants to satisfy obligations for the payment of withholding
taxes and other tax obligations relating to any Award. This authority shall include
authority for the Company to withhold or receive other property and to make cash payments in
respect thereof in satisfaction of a Participant’s tax obligations, either on a mandatory or
elective basis in the discretion of the Committee.

     (c) Limitations on Rights Conferred under Plan and Beneficiaries. Status as a
Participant shall not be construed as a commitment that any Award will become payable under
the Plan. Nothing contained in the Plan or in any documents related to the Plan or to any
Award shall confer upon any Eligible Employee or Participant any right to continue as an
Eligible Employee, Participant or in the employ of the Company or constitute any contract or
agreement of employment, or interfere in any way with the right of the Company to reduce
such person’s compensation, to change the position held by such person or to terminate the
employment of such Eligible Employee or Participant, with or without cause, but nothing
contained in this Plan or any document related thereto shall affect any other contractual
right of any Eligible Employee or Participant. No benefit payable under, or interest in,
this Plan shall be transferable by a Participant except by will or the laws of descent and
distribution or otherwise be subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance or charge.

     (d) Changes to the Plan and Awards. Subject to Section 5(h), notwithstanding
anything herein to the contrary, the Board, or the Committee, may, at any time, terminate

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or, from time to time, amend, modify or suspend the Plan and the terms and provisions of any
Award theretofore granted to any Participant which has not been paid. No Award may be
granted during any suspension of the Plan or after its termination.

     (e) Unfunded Status of Awards; Creation of Trusts. The Plan is intended to
constitute an “unfunded” plan for incentive and deferred compensation. With respect to any
amounts payable to a Participant pursuant to an Award, nothing contained in the Plan (or in
any documents related thereto), nor the creation or adoption of the Plan, the grant of any
Award, or the taking of any other action pursuant to the Plan shall give any such
Participant any rights that are greater than those of a general creditor of the Company;
provided, that, the Committee may authorize the creation of trusts and
deposit therein cash or other property or make other arrangements, to meet the Company’s
obligations under the Plan. Such trusts or other arrangements shall be consistent with the
“unfunded” status of the Plan unless the Committee otherwise determines with the consent of
each affected Participant. The trustee of such trusts may be authorized to dispose of trust
assets and reinvest the proceeds in alternative investments, subject to such terms and
conditions as the Committee may specify in accordance with applicable law.

     (f) Non-Exclusivity of the Plan. Neither the adoption of the Plan by the Board
(or a committee designated by the Board) nor submission of the Plan or provisions thereof to
the stockholders of the Company for approval shall be construed as creating any limitations
on the power of the Board to adopt such other incentive arrangements as it may deem
necessary.

     (g) Governing Law. The validity, construction, and effect of the Plan, any
rules and regulations relating to the Plan, and any Award shall be determined in accordance
with the laws of the State of Delaware, without giving effect to principles of conflicts of
laws, and applicable Federal law.

     (h) Exemption Under Section 162(m) of the Code. The Plan, and all Awards issued
thereunder, are intended to be exempt from the application of Section 162(m) of the Code,
which restricts under certain circumstances the Federal income tax deduction for
compensation paid by a public company to “covered employees” (within the meaning of Section
162(m) of the Code) in excess of $1 million per year. The Committee may, without
stockholder approval, amend the Plan retroactively or prospectively to the extent it
determines necessary in order to comply with any subsequent clarification of Section 162(m)
of the Code required to preserve the Company’s Federal income tax deduction for compensation
paid pursuant to the Plan. Notwithstanding Section 5(d), the Committee may not change the
Performance Goal unless all necessary stockholder approval or re-approval of the Plan is
obtained in order to qualify Awards as “performance-based compensation” within the meaning
of Section 162(m) of the Code.

     (i) Effective Date. The Plan is effective on the Effective Date, subject to
subsequent approval thereof by the Company’s stockholders at the first annual meeting of
stockholders to occur after the Effective Date, and shall remain in effect until it has been

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terminated pursuant to Section 5(e). If the Plan is not approved by the stockholders at
such annual meeting, the Plan and all interests in the Plan awarded to Participants before
the date of such annual meeting shall be void ab initio and of no further
force and effect.

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