Document:

EX-10.2

 Exhibit 10.2 

AMENDMENT 
 TO

 THE SEVERANCE AGREEMENT 

This AMENDMENT TO THE SEVERANCE AGREEMENT (this “Amendment”) is made as of     , 2016 by Baxalta
Incorporated, a Delaware corporation (the “Company”), and [•] (the “Executive”). 

W  I  T  N  E  S  S  E  T  H. 

WHEREAS, the Company, and the Executive entered into that certain Severance Agreement, dated as of [July 1, 2015] (the “Severance
Agreement”) (capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Severance Agreement); and 

WHEREAS, the parties hereto desire to amend the Severance Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows: 
  

	1.	The Severance Agreement is hereby amended by replacing Section 6.4 in its entirety with the following language: 

“6.4. Certain Additional Payments. 
 (a) If it is determined
that any benefit provided to the Executive or payment or distribution by or for the account of the Company or its affiliates to or for the benefit of the Executive, whether provided, paid or payable or distributed or distributable pursuant to the
terms of this Agreement or otherwise (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalties are incurred by the
Executive with respect to such excise tax resulting from any action or inaction by the Company or its affiliates (such excise tax, together with any such interest and penalties, collectively, the “Excise Tax”), then the Executive shall be
entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the Executive of the Excise Tax and all other income, employment, excise and other taxes that are imposed on the Gross-Up Payment, the
Executive retains an amount of the Gross-Up Payment equal to the sum of (A) the Excise Tax imposed upon the Payments and (B) the product of any deductions disallowed because of the inclusion of the Gross-Up Payment in the Executive’s
adjusted gross income and the highest applicable marginal rate of federal income taxation for the calendar year in which the Gross-Up Payment is to be made. 

(b) All determinations required to be made under this Section 6.4, including whether and when a Gross-Up Payment is required and the amount of such
Gross-Up Payment and the assumptions to be used in arriving at such determination, shall be made by the Company’s third party service provider engaged by the Company prior to the transaction resulting in the Payment

 
to prepare similar calculations (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and to the Executive within fifteen (15) business
days of the receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested by the Company. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as
determined pursuant to this Section 6.4, shall be paid by the Company to the Executive within five days (5) of the receipt of the Accounting Firm’s determination, but in any event no later than thirty (30) days after the end of
the year in which the Executive pays any tax imposed pursuant to Section 4999 of the Code. Any determination by the Accounting Firm shall be binding upon the Company, its affiliates, and the Executive. As a result of the uncertainty in the
application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that additional Gross-Up Payments shall be required to be made to compensate the Executive for amounts of Excise
Tax later determined to be due, consistent with the calculations required to be made hereunder (an “Underpayment”). If the Executive is required to make a payment of any Excise Tax in addition to such amounts that were initially determined
to be payable by the Accounting Firm, the Accounting Firm shall, if applicable, determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive. 

(c) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the
Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten (10) business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim
and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30)-day period following the date on which the Executive gives such notice to the Company (or such shorter period
ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that they desire to contest such claim, the Executive shall: 

(i) give the Company any information reasonably requested by the Company relating to such claim; 

(ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without
limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company; 
 (iii) cooperate with the Company
in good faith to contest such claim effectively; and 
 (iv) permit the Company to participate in any proceedings relating to such claim; provided, however,
that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties incurred in connection with such contest) and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax
or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses.” 

  
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	2.	Except as specifically set forth herein, the Severance Agreement and all of its terms and conditions remain in full force and effect, and the Severance Agreement is hereby ratified and confirmed in all respects, except
that on or after the date of this Amendment all references in the Severance Agreement to “this Agreement,” “hereto,” “hereof,” “hereunder,” or words of like import shall mean the Severance Agreement as amended
by this Amendment. 

  

	3.	This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and such counterpart together shall constitute one and the same instrument. 

 

	4.	This Amendment, including the validity, interpretation, construction and performance of this Amendment, shall be governed by and construed in accordance with the laws of the State of Delaware applicable to agreements
made and to be performed in such State, without regard to such State’s conflicts of law principles. 

  

	5.	This Amendment shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto. The Severance Agreement, as amended by this Amendment, embodies the
entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating to the subject matter hereof. 

[remainder of page intentionally left blank; signature page follows] 

  
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 SIGNATURE PAGE TO AMENDMENT THE SEVERANCE AGREEMENT 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above. 

 

			
	BAXALTA INCORPORATED
		
	By:	 	 
		 	Name:
		 	Title:
	
	EXECUTIVE
	
	   

	[name]Exhibit

Exhibit 10.1

DUPONT FABROS TECHNOLOGY, INC.
2016 LONG TERM INCENTIVE COMPENSATION PLAN
The DuPont Fabros Technology, Inc. Long Term Incentive Compensation Plan (the “LTIP”) was adopted effective January 5, 2016 (the “Effective Date”), by the Compensation Committee of the Board of Directors (the “Committee”) of DuPont Fabros Technology, Inc., a Maryland corporation (the “Company”) to provide equity-based awards to those employees of the Company and its subsidiaries who are in a position to contribute to the achievement by the Company and its subsidiaries of significant improvements in profit performance and growth.  Awards under the LTIP may take the form of awards of shares of restricted common stock of the Company (“Restricted Stock”) and performance-vesting stock units (“Performance Units”). Awards under the LTIP are intended to be exempt from the requirements of Section 409A of the Internal Revenue Code, and the LTIP shall be interpreted and administered in a manner consistent with that intent.
The LTIP shall be administered by the Committee.  The Committee shall have full power and authority to administer and interpret the LTIP and any awards made under the LTIP, and its interpretations shall be conclusive and binding on all persons.  The Committee’s power and authority shall include, without limitation, the authority to adopt and periodically review such rules and regulations as it deems necessary or advisable in order to properly carry out the provisions and purposes of the LTIP.
All salaried employees of the Company shall be eligible to participate in the LTIP.  The Chief Executive Officer of the Company (the “CEO”), subject to the approval of the Committee, shall designate the specific employees who will participate in the LTIP (each, a “Participant”) and establish the amount and form of each Participant’s awards. The Committee shall establish the amount and form of awards for the CEO.
Awards shall be made on or about the Effective Date.  The form of each award shall be as follows:
		
	•
	For an employee below the senior vice president level, one hundred percent (100%) of the award shall be in the form of Restricted Stock; and

		
	•
	For an employee at the CEO, senior vice president or executive vice president level, some or all of the award shall be in the form of Performance Units, and any remaining portion of the award shall be in the form of Restricted Stock, all as approved by the Committee.

The dollar value of each award (or portion of an award) shall be converted into a number of shares of Restricted Stock or Performance Units (as applicable) on the award date using a price per share of $31.21.
Awards of Restricted Stock shall vest over three (3) years, with one-third of each such portion vesting on March 1, 2017, an additional one-third on March 1, 2018, and the remaining one-third on March 1, 2019, in each case only if the Participant remains in continuous Service from the Grant Date through such applicable vesting date.
Awards of Performance Units shall vest if (a) the Participant remains in continuous Service from the Grant Date until February 1, 2019, (b) with respect to one-half of each Performance Unit award, the Total Shareholder Return of the Company’s Common Stock for the 3-year performance period that commences on January 1, 2016 (the “Performance Period”) meets or exceeds the return of the MSCI US REIT Index for the Performance Period, and (c) with respect to remaining half of each Performance Unit award, the Total Shareholder Return of the Company’s Common Stock for the Performance Period, meets or exceeds 

the return of an index of publicly-traded data center companies for the Performance Period, as such terms are defined by and such criteria are established by the Committee and set forth in the applicable award agreement.
The CEO (or Committee) may include additional terms in an individual award agreement relating to the effect of a change in control of the Company or early termination of the Participant’s employment with the Company.
The selection of an employee as a Participant shall not confer any right on the employee to receive an award under the LTIP or to continue in the employ of the Company or limit in any way the right of the Company to terminate such Participant’s employment at any time.
The Board of Directors may amend, suspend or terminate the LTIP at any time.    
The LTIP and any awards under the LTIP shall be governed by the laws of the State of Maryland.

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